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

Note 17 - Fair Values of Financial Instruments - Fair Value of Financial Instruments (Details)

Note 17 - Fair Values of Financial Instruments - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Reported Value Measurement [Member]
Cash and cash equivalents	$ 86,008	$ 31,282
Loans held-for-sale	340	1,543
Loans receivable, net	1,493,827	1,500,734
Federal Home Loan Bank stock	6,547	6,547
Accrued interest receivable	8,045	7,421
Non-interest bearing deposits	295,594	359,092
Interest bearing deposits	1,517,827	1,415,925
Repurchase agreements	38,124	15,503
Borrowed funds	80,000	120,000
Accrued interest payable	3,065	336
Certificates of deposit in other financial institutions		2,456
Interest rate swap agreements		8,972
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	86,008	31,282
Loans held-for-sale	349	1,555
Loans receivable, net	1,412,069	1,437,496
Federal Home Loan Bank stock	6,547	6,547
Accrued interest receivable	8,045	7,421
Non-interest bearing deposits	295,594	359,092
Interest bearing deposits	1,513,640	1,414,738
Repurchase agreements	37,938	15,361
Borrowed funds	79,791	119,689
Accrued interest payable	3,065	336
Certificates of deposit in other financial institutions		2,404
Interest rate swap agreements		8,972
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	86,008	31,282
Loans held-for-sale	0	0
Loans receivable, net	0	0
Federal Home Loan Bank stock	0	0
Accrued interest receivable	0	0
Non-interest bearing deposits	295,594	359,092
Interest bearing deposits	985,710	1,052,807
Repurchase agreements	31,033	7,975
Borrowed funds	0	0
Accrued interest payable	0	0
Certificates of deposit in other financial institutions		0
Interest rate swap agreements		0
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents	0	0
Loans held-for-sale	349	1,555
Loans receivable, net	0	0
Federal Home Loan Bank stock	6,547	6,547
Accrued interest receivable	8,045	7,421
Non-interest bearing deposits	0	0
Interest bearing deposits	527,930	361,931
Repurchase agreements	6,905	7,386
Borrowed funds	79,791	119,689
Accrued interest payable	3,065	336
Certificates of deposit in other financial institutions		2,404
Interest rate swap agreements		8,972
Estimate of Fair Value Measurement [Member] \| Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents	0	0
Loans held-for-sale	0	0
Loans receivable, net	1,412,069	1,437,496
Federal Home Loan Bank stock	0	0
Accrued interest receivable	0	0
Non-interest bearing deposits	0	0
Interest bearing deposits	0	0
Repurchase agreements	0	0
Borrowed funds	0	0
Accrued interest payable	$ 0	0
Certificates of deposit in other financial institutions		0
Interest rate swap agreements		$ 0