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

Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2015

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 incentive option activity under the Bancorp’s stock option and incentive plans described above for the six months ended June 30, 2015 follows:

				Weighted-
		Weighted-		Average
		Average		Remaining		Aggregate
		Exercise		Contractual		Intrinsic
Incentive options	Shares	Price		Term		Value
Outstanding at January 1, 2015	750	$	28.50
Granted	-		-
Exercised	-		-
Forfeited	-		-
Expired	-	$	-
Outstanding at June 30, 2015	750	$	28.50		2.7		-
Exercisable at June 30, 2015	750	$	28.50		2.7		-

Nonvested Restricted Stock Shares Activity [Table Text Block]

A summary of restricted stock activity under the Bancorp’s incentive stock option and incentive plans described above for the six months ended June 30, 2015 follows:

		Weighted-
		Average
		Grant Date
Restricted stock	Shares	Fair Value
Nonvested at January 1, 2015	12,775	$	23.63
Granted	7,250		27.50
Vested	(300)		16.75
Forfeited	-		-
Nonvested at June 30, 2015	19,725	$	25.15