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, 2014

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 2014 and 2013 follows:

		Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (Years)				Aggregate Intrinsic Value
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			$	-

Outstanding at January 1, 2014			6,350			$	29.82
Granted			-				-
Exercised			-				-
Forfeited or expired			(5,600	)			30.00
Outstanding at end of year			750			$	28.50				3.2			$	-
Vested or expected to vest			750			$	28.50				3.2			$	-
Exercisable at December 31, 2014			750			$	28.50				3.2			$	-

Nonvested Restricted Stock Shares Activity [Table Text Block]

A summary of changes in the Bancorp’s non-vested restricted stock for 2014 and 2013 follows:

Non-vested Shares		Shares				Weighted Average Grant Date Fair Value
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

Non-vested at January 1, 2014			11,100			$	21.54
Granted			4,175				26.32
Vested			(2,500	)			18.86
Forefited			-				-
Non-vested at December 31, 2014			12,775			$	23.63