Finward Bancorp Annual report [Section 13 and 15(d), not S-K Item 405]

Borrowings (Tables)

12 Months Ended

Dec. 31, 2025

At December 31, 2025, and December 31, 2024, borrowed funds are summarized below:


	(Dollars in thousands)
	December 31, 2025		December 31, 2024

FHLB Fixed rate advance with outstanding rate of 4.85%, maturing May 16, 2025	$	-	$	10,000
FHLB Fixed rate advance with outstanding rate of 4.77%, maturing May 19, 2025	-		10,000

FHLB Fixed rate advance with outstanding rate of 3.63%, maturing March 7, 2028 (1)	10,000		-
FHLB Fixed rate advance with outstanding rate of 3.46%, maturing June 26, 2028 (1)	10,000		-
FHLB Fixed rate advance with outstanding rate of 3.38%, maturing August 7, 2028 (1)	-		10,000
FHLB Fixed rate advance with outstanding rate of 3.84%, maturing February 28, 2029 (1)	15,000		15,000
FHLB Fixed rate advance with outstanding rate of 3.74%, maturing February 28, 2029 (1)	10,000		10,000
FHLB Fixed rate advance with outstanding rate of 3.22%, maturing August 7, 2029 (1)	-		10,000

Total	$	45,000	$	65,000

(1) FHLB retains puttable option to call these advances after a period of time.

At December 31, 2025, scheduled maturities of borrowed funds were as follows:

At December 31, 2025 and December 31, 2024, the Bank had investment securities with a carrying value of $47.2 million and

$57.8 million pledged as collateral for the repurchase agreements, and the fair value of the collateral approximated its carrying value.


	(Dollars in thousands)
	2025			2024
Federal funds purchased and repurchase agreements:
Ending balance	$	39,703		$	40,116
Average balance during the year	43,444			41,506
Maximum month-end balance during the year	51,957			44,058







Average interest rate during the year	3.29		%	3.85		%
Average interest rate at year end	3.88		%	3.51		%