Finward Bancorp Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Mar. 31, 2012

Note 8 - Earnings Per Share

Earnings per common share is computed by dividing net income by the weighted average number of common shares outstanding. A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the three months ended March 31, 2012 and 2011 are as follows:

	(Dollars in thousands, except per share data)
	Three Months Ended
	March 31,
	2012		2011
Basic earnings per common share:
Net income as reported	$	1,354	$	1,172
Weighted average common shares outstanding		2,837,022		2,828,977
Basic earnings per common share:	$	0.48	$	0.41
Diluted earnings per common share:
Net income as reported	$	1,354	$	1,172
Weighted average common shares outstanding		2,837,022		2,828,977
Add: Dilutive effect of assumed stock option exercises		-		-
Weighted average common and dilutive potential common shares outstanding		2,837,022		2,828,977
Diluted earnings per common share	$	0.48	$	0.41

- Definition

The entire disclosure for earnings per share.

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