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

Annual report pursuant to Section 13 and 15(d)

Borrowed Funds (Tables)

Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2014

Schedule Of Federal Home Loan Bank Advances Borrowed Funds [Table Text Block]

At year end, borrowed funds are summarized below:

	(Dollars in thousands)
	2014		2013
Fixed rate advances from the FHLB	$	36,100	$	30,100
Line of credit at FHLB		-		714
Other		281		84
Total	$	36,381	$	30,898

Schedule Of Federal Home Loan Bank Advances Rolling Maturity [Table Text Block]

At December 31, 2014, scheduled maturities of borrowed funds were as follows:

	(Dollars in thousands)
2015	$	8,281
2016		8,000
2017		10,000
2018		4,100
2019		4,000
2020		2,000
Total	$	36,381

Schedule Of Federal Home Loan Bank Advances Activity For Year [Table Text Block]

Repurchase agreements generally mature within one year and are secured by U.S. government and U.S. agency securities, under the Bancorp’s control. At December 31, information concerning these retail repurchase agreements is summarized below:

	(Dollars in thousands)
	2014			2013
Ending balance	$	17,525		$	14,031
Average balance during the year		18,029			18,016
Maximum month-end balance during the year		25,540			21,652
Securities underlying the agreements at year end:
Carrying value		103,754			23,729
Fair value		103,754			23,729
Average interest rate during the year		0.37	%		0.38	%
Average interest rate at year end		0.35	%		0.38	%

Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank [Table Text Block]

At December 31, advances from the Federal Home Loan Bank were as follows:

	(Dollars in thousands)
	2014		2013

Fixed rate advances, maturing January 2015 through June 2020 at rates from 0.41% to 2.36%; average rate: 2014 1.31%; 2013 1.47%	$	36,100	$	30,100