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

Annual report pursuant to Section 13 and 15(d)

Premises and Equipment, Net

Premises and Equipment, Net

12 Months Ended

Dec. 31, 2014

Property, Plant and Equipment [Abstract]

Property, Plant and Equipment Disclosure [Text Block]

Note 4 Premises and Equipment, Net

At year end, premises and equipment are summarized as follows:

	(Dollars in thousands)
	2014			2013
Cost:
Land	$	4,623		$	4,540
Buildings and improvements		20,742			19,588
Furniture and equipment		12,608			11,786
Total cost		37,973			35,914
Less accumulated depreciation		(20,249	)		(18,654	)
Premises and equipment, net	$	17,724		$	17,260

Depreciation expense was approximately $1.4 million and $1.3 million for 2014 and 2013, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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