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

Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

Stock Based Compensation (Tables)

9 Months Ended

Sep. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

A summary of incentive option activity under the Bancorp’s incentive stock option plan for the nine months ended September 30, 2013 follows:

					Weighted-
			Weighted-		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
Incentive options	Shares		Price		Term		Value
Outstanding at January 1, 2013		25,950	$	27.06
Granted		-		-
Exercised		-		-
Forfeited		(3,875)		29.90
Expired		(15,725)	$	25.25
Outstanding at September 30, 2013		6,350	$	29.82		0.8		-
Exercisable at September 30, 2013		6,350	$	29.82		0.8		-

Nonvested Restricted Stock Shares Activity [Table Text Block]

A summary of restricted stock activity under the Bancorp’s incentive stock option plan for the nine months ended September 30, 2013 follows:

			Weighted-		Weighted-
			Average		Average		Aggregate
			Exercise		Grant Date		Intrinsic
Restricted stock	Shares		Price		Fair Value		Value
Nonvested at January 1, 2013		3,400	$	20.15	$	20.15	$	12,925
Granted		8,450		22.49		22.49		8,888
Vested		(600)		27.25		27.25		-
Forfeited		(150)		21.00		21.00		338
Nonvested at September 30, 2013		11,100	$	21.54	$	21.54	$	21,475

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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