Finward Bancorp Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Note 11 - Derivative Financial Instruments (Tables)

Note 11 - Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2025

Notes Tables

Derivatives Not Designated as Hedging Instruments [Table Text Block]

March 31, 2025
	Asset derivatives						Liability derivatives
(Dollars in thousands)	Statement of Financial Condition classification		Fair value				Statement of Financial Condition classification			Fair value
Interest rate swap contracts	Other assets		$	4,382			Other liabilities			$	4,382
Interest rate lock commitments	Other assets			47			N/A				-
Total			$	4,429						$	4,382

December 31, 2024
	Asset derivatives						Liability derivatives
(Dollars in thousands)	Statement of Financial Condition classification		Fair value				Statement of Financial Condition classification			Fair value
Interest rate swap contracts	Other assets		$	5,486			Other liabilities			$	5,486
Interest rate lock commitments	Other assets			24			N/A				-
Total			$	5,510						$	5,486

			Quarter Ended March 31,
(Dollars in thousands)	Statement of Income Classification		2025				2024
Interest rate swap contracts	Fees and service charges		$	(30	)		$	(30	)
Interest rate lock commitments	Gain on sale of loans held-for-sale, net			(35	)			8
Total			$	(65	)		$	(22	)

Offsetting Assets [Table Text Block]

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Assets				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Assets Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Received				Net Amount
March 31, 2025
Interest rate swap contracts		$	4,382			$	-			$	4,382			$	-			$	3,630			$	752
Interest rate lock commitments			47				-				47				-				-				47
Total		$	4,429			$	-			$	4,429			$	-			$	3,630			$	799

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Assets				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Assets Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Received				Net Amount
December 31, 2024
Interest rate swap contracts		$	5,486			$	-			$	5,486			$	-			$	5,120			$	366
Interest rate lock commitments			82				-				82				-				-				82
Total		$	5,568			$	-			$	5,568			$	-			$	5,120			$	448

Offsetting Liabilities [Table Text Block]

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Assets Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Pledged				Net Amount
March 31, 2025
Interest rate swap contracts		$	4,382			$	-			$	4,382			$	-			$	-			$	4,382

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Assets Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Pledged				Net Amount
December 31, 2024
Interest rate swap contracts		$	5,486			$	-			$	5,486			$	-			$	-			$	5,486