Finward Bancorp Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 17 - Fair Value of Financial Instruments - Assets Measured at Fair Value on a Recurring Basis (Details)

Note 17 - Fair Value of Financial Instruments - Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Derivative Assets	$ 5,626	$ 9,010
Total securities available-for-sale	371,374	370,896
Interest rate swap contracts	5,591	8,972
US Government-sponsored Enterprises Debt Securities [Member]
Total securities available-for-sale	7,883	7,625
Collateralized Mortgage Obligations and Residential Mortgage Backed Securities [Member]
Total securities available-for-sale	123,464	134,116
US Treasury Securities [Member]
Total securities available-for-sale	0	389
US States and Political Subdivisions Debt Securities [Member]
Total securities available-for-sale	238,670	227,718
Collateralized Debt Obligations [Member]
Total securities available-for-sale	1,357	1,048
Interest Rate Swap [Member]
Derivative Assets	5,591	8,972
Interest rate swap contracts	5,591	8,972
Fair Value, Recurring [Member]
Total securities available-for-sale	371,374	370,896
Fair Value, Recurring [Member] \| Interest Rate Lock Commitments [Member]
Derivative Assets	35	38
Fair Value, Recurring [Member] \| US Government-sponsored Enterprises Debt Securities [Member]
Total securities available-for-sale	7,883	7,625
Fair Value, Recurring [Member] \| Collateralized Mortgage Obligations and Residential Mortgage Backed Securities [Member]
Total securities available-for-sale	123,464	134,116
Fair Value, Recurring [Member] \| US Treasury Securities [Member]
Total securities available-for-sale		389
Fair Value, Recurring [Member] \| US States and Political Subdivisions Debt Securities [Member]
Total securities available-for-sale	238,670	227,718
Fair Value, Recurring [Member] \| Collateralized Debt Obligations [Member]
Total securities available-for-sale	1,357	1,048
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Total securities available-for-sale	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Interest Rate Lock Commitments [Member]
Derivative Assets	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| US Government-sponsored Enterprises Debt Securities [Member]
Total securities available-for-sale	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Collateralized Mortgage Obligations and Residential Mortgage Backed Securities [Member]
Total securities available-for-sale	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| US Treasury Securities [Member]
Total securities available-for-sale		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| US States and Political Subdivisions Debt Securities [Member]
Total securities available-for-sale	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member] \| Collateralized Debt Obligations [Member]
Total securities available-for-sale	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Total securities available-for-sale	370,017	369,848
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Interest Rate Lock Commitments [Member]
Derivative Assets	35	38
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| US Government-sponsored Enterprises Debt Securities [Member]
Total securities available-for-sale	7,883	7,625
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Collateralized Mortgage Obligations and Residential Mortgage Backed Securities [Member]
Total securities available-for-sale	123,464	134,116
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| US Treasury Securities [Member]
Total securities available-for-sale		389
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| US States and Political Subdivisions Debt Securities [Member]
Total securities available-for-sale	238,670	227,718
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member] \| Collateralized Debt Obligations [Member]
Total securities available-for-sale	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Total securities available-for-sale	1,357	1,048
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Interest Rate Lock Commitments [Member]
Derivative Assets	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| US Government-sponsored Enterprises Debt Securities [Member]
Total securities available-for-sale	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Collateralized Mortgage Obligations and Residential Mortgage Backed Securities [Member]
Total securities available-for-sale	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| US Treasury Securities [Member]
Total securities available-for-sale		0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| US States and Political Subdivisions Debt Securities [Member]
Total securities available-for-sale	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member] \| Collateralized Debt Obligations [Member]
Total securities available-for-sale	1,357	1,048
Fair Value, Recurring [Member] \| Interest Rate Swap [Member]
Derivative Assets	5,591	8,972
Interest rate swap contracts	5,591	8,972
Fair Value, Recurring [Member] \| Interest Rate Swap [Member] \| Fair Value, Inputs, Level 1 [Member]
Derivative Assets	0	0
Interest rate swap contracts	0	0
Fair Value, Recurring [Member] \| Interest Rate Swap [Member] \| Fair Value, Inputs, Level 2 [Member]
Derivative Assets	5,591	8,972
Interest rate swap contracts	5,591	8,972
Fair Value, Recurring [Member] \| Interest Rate Swap [Member] \| Fair Value, Inputs, Level 3 [Member]
Derivative Assets	0	0
Interest rate swap contracts	$ 0	$ 0