Annual report pursuant to Section 13 and 15(d)

Parent Company Only Statements (Tables)

v2.4.1.9
Parent Company Only Statements (Tables)
 12 Months Ended
Dec. 31, 2014
Condensed Financial Information of Parent Company Only Disclosure [Abstract]  
Condensed Balance Sheet [Table Text Block]
 
 
(Dollars in thousands)
 
 
 
NorthWest Indiana Bancorp
 
 
 
Condensed Balance Sheets
 
 
 
December 31,
 
 
 
2014
 
 
2013
 
Assets
 
 
 
 
 
 
 
 
Cash on deposit with Peoples Bank
 
$
143
 
 
$
142
 
Investment in Peoples Bank
 
 
75,781
 
 
 
66,301
 
Dividends receivable from Peoples Bank
 
 
711
 
 
 
625
 
Other assets
 
 
313
 
 
 
597
 
Total assets
 
$
76,948
 
 
$
67,666
 
 
 
 
 
 
 
 
 
 
Liabilities and stockholders’ equity
 
 
 
 
 
 
 
 
Dividends payable
 
$
711
 
 
$
625
 
Other liabilities
 
 
72
 
 
 
280
 
Total liabilities
 
 
783
 
 
 
905
 
 
 
 
 
 
 
 
 
 
Common stock
 
 
361
 
 
 
361
 
Additional paid in capital
 
 
4,062
 
 
 
4,032
 
Accumulated other comprehensive income
 
 
1,588
 
 
 
(3,151
)
Retained earnings
 
 
70,154
 
 
 
65,519
 
Total stockholders’ equity
 
 
76,165
 
 
 
66,761
 
Total liabilities and stockholders’ equity
 
$
76,948
 
 
$
67,666
Condensed Income Statement [Table Text Block]
 
 
 
(Dollars in thousands)
 
 
 
NorthWest Indiana Bancorp
 
 
 
Condensed Statements of Income
 
 
 
Year Ended December 31,
 
 
 
2014
 
 
2013
 
 
 
 
 
 
 
 
Dividends from Peoples Bank
 
$
2,759
 
 
$
2,741
 
Operating expenses
 
 
154
 
 
 
138
 
Income before income taxes and equity in undistributed income of Peoples Bank
 
 
2,605
 
 
 
2,603
 
Income tax benefit
 
 
(49
)
 
 
(45
)
Income before equity in undistributed income of Peoples Bank
 
 
2,654
 
 
 
2,648
 
Equity in undistributed income of Peoples Bank
 
 
4,740
 
 
 
4,470
 
Net income
 
$
7,394
 
 
$
7,118
Condensed Cash Flow Statement [Table Text Block]
 
 
(Dollars in thousands)
 
 
 
NorthWest Indiana Bancorp
 
 
 
Condensed Statements of Cash Flows
 
 
 
Year Ended December 31,
 
 
 
2014
 
 
2013
 
 
 
 
 
 
 
 
Cash flows from operating activities:
 
 
 
 
 
 
 
 
Net income
 
$
7,394
 
 
$
7,118
 
Adjustments to reconcile net income to net cash provided by operating activities
 
 
 
 
 
 
 
 
Equity in undistributed net income of Peoples Bank
 
 
(4,740
)
 
 
(4,470
)
Stock based compensation expense
 
 
61
 
 
 
40
 
Change in other assets
 
 
198
 
 
 
(279
)
Change in other liabilities
 
 
(208
)
 
 
203
 
Total adjustments
 
 
(4,689
)
 
 
(4,506
)
Net cash - operating activities
 
 
2,705
 
 
 
2,612
 
 
 
 
 
 
 
 
 
 
Cash flows from investing activities
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
Cash flows from financing activities:
 
 
 
 
 
 
 
 
Dividends paid
 
 
(2,673
)
 
 
(2,328
)
Treasury stock purchased
 
 
(31
)
 
 
(173
)
Proceeds from sale of treasury stock
 
 
-
 
 
 
30
 
Net cash - financing activities
 
 
(2,704
)
 
 
(2,471
)
Net change in cash
 
 
1
 
 
 
141
 
Cash at beginning of year
 
 
142
 
 
 
1
 
Cash at end of year
 
$
143
 
 
$
142