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

Annual report pursuant to Section 13 and 15(d)

Note 10 - Borrowed Funds (Tables)

Note 10 - Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

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

		(Dollars in thousands)
		2021				2020
Fixed rate advances from the FHLB		$	-			$	6,000
Other			-				149
Total		$	-			$	6,149

Schedule of Federal Home Loan Bank Advances Activity for Year [Table Text Block]

		(Dollars in thousands)
		2020				2019
Ending balance		$	14,581			$	13,711
Average balance during the year			17,789				16,975
Maximum month-end balance during the year			24,514				21,100
Securities underlying the agreements at year end:
Carrying value			14,885				23,860
Fair value			14,885				23,860
Average interest rate during the year			0.26	%			0.58	%
Average interest rate at year end			0.26	%			0.32	%

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

		(Dollars in thousands)
		2020				2019
Fixed rate advances, none oustanding as of year ended 2021; average rate: 2021 – N/A; 2020 – 2.66%		$	-			$	6,000