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

Annual report pursuant to Section 13 and 15(d)

Stock Based Compensation (Tables)

Stock Based Compensation (Tables)

12 Months Ended

Dec. 31, 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 the Bancorp’s stock option activity for 2013 and 2012 follows:

	Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at January 1, 2012		40,500	$	25.30
Granted		-		-
Exercised		-		-
Forfeited or expired		(14,550)		22.15
Outstanding at end of year		25,950	$	27.06		0.7	$	-
Vested or expected to vest		25,950	$	27.06		0.7	$	-
Exercisable at December 31, 2012		24,950	$	27.01		0.5	$	-

Outstanding at January 1, 2013		25,950		27.06
Granted		-		-
Exercised		-		-
Forfeited or expired		(19,600)		26.17
Outstanding at end of year		6,350	$	29.82		0.5	$	-
Vested or expected to vest		6,350	$	29.82		0.5	$	-
Exercisable at December 31, 2013		6,350	$	29.82		0.5	$	-

Nonvested Restricted Stock Shares Activity [Table Text Block]

A summary of changes in the Bancorp’s non-vested restricted stock for 2013 and 2012 follows:

Non-vested Shares	Shares		Weighted Average Grant Date Fair Value
Non-vested at January 1, 2012		3,750	$	25.72
Granted		-		-
Vested		(350)		29.75
Forefited		-	$	-
Non-vested at December 31, 2012		3,400		20.15

Non-vested at January 1, 2013		3,400	$	20.15
Granted		8,450		22.49
Vested		(600)		27.25
Forefited		(150)		21.00
Non-vested at December 31, 2013		11,100	$	21.54

- 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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