Finward Bancorp Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Loans Receivable - Allowance for Loan Losses, by Loan Segment (Details)

Note 5 - Loans Receivable - Allowance for Loan Losses, by Loan Segment (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Beginning Balance	$ 18,768	$ 12,897	$ 12,897
PCD gross up	0	1,029
Total current period gross charge-off, total	(18)	(106)	(1,042)
Recoveries	13	102
Provisions	42	488
Ending Balance	18,805	19,568	18,768
Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
Beginning Balance		5,158	5,158
Residential Portfolio Segment [Member]
Beginning Balance	3,984	3,021	3,021
PCD gross up	0	31
Total current period gross charge-off, total	0	0	(997)
Recoveries	10	52
Provisions	23	(228)
Ending Balance	4,017	4,564	3,984
Residential Portfolio Segment [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
Beginning Balance		1,688	1,688
Home Equity Portfolio Segment [Member]
Beginning Balance	698	410	410
PCD gross up	0	533
Total current period gross charge-off, total	0	0	(43)
Recoveries	0	0
Provisions	39	105
Ending Balance	737	1,147	698
Home Equity Portfolio Segment [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
Beginning Balance		99	99
Commercial Real Estate Portfolio Segment [Member]
Beginning Balance	7,045	5,784	5,784
PCD gross up	0	443
Total current period gross charge-off, total	0	(12)	0
Recoveries	0	0
Provisions	211	(99)
Ending Balance	7,256	7,119	7,045
Commercial Real Estate Portfolio Segment [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
Beginning Balance		1,003	1,003
Construction and Land Development Portfolio Segment [Member]
Beginning Balance	4,206	1,253	1,253
PCD gross up	0	0
Total current period gross charge-off, total	0	0	0
Recoveries	0	0
Provisions	(750)	241
Ending Balance	3,456	3,229	4,206
Construction and Land Development Portfolio Segment [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
Beginning Balance		1,735	1,735
Multifamily Portfolio Segment [Member]
Beginning Balance	933	1,007	1,007
PCD gross up	0	0
Total current period gross charge-off, total	0	0	0
Recoveries	0	0
Provisions	24	(89)
Ending Balance	957	1,059	933
Multifamily Portfolio Segment [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
Beginning Balance		141	141
Commercial Portfolio Segment [Member]
Beginning Balance	1,649	1,365	1,365
PCD gross up	0	5
Total current period gross charge-off, total	0	(75)	0
Recoveries	2	47
Provisions	484	433
Ending Balance	2,135	2,095	1,649
Commercial Portfolio Segment [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
Beginning Balance		320	320
Consumer Portfolio Segment [Member]
Beginning Balance	7	57	57
PCD gross up	0	17
Total current period gross charge-off, total	(18)	(19)	(2)
Recoveries	1	3
Provisions	16	1
Ending Balance	6	64	7
Consumer Portfolio Segment [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
Beginning Balance		5	5
Manufactured Homes Portfolio Segment [Member]
Beginning Balance	181	0	0
PCD gross up	0	0
Total current period gross charge-off, total	0	0	0
Recoveries	0	0
Provisions	(8)	104
Ending Balance	173	216	181
Manufactured Homes Portfolio Segment [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
Beginning Balance		112	112
Government Portfolio Segment [Member]
Beginning Balance	65	0	0
PCD gross up	0	0
Total current period gross charge-off, total	0	0	0
Recoveries	0	0
Provisions	3	20
Ending Balance	$ 68	75	65
Government Portfolio Segment [Member] \| Cumulative Effect, Period of Adoption, Adjustment [Member] \| Accounting Standards Update 2016-13 [Member]
Beginning Balance		$ 55	$ 55