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

Annual report pursuant to Section 13 and 15(d)

Note 9 -Borrowed Funds (Tables)

Note 9 -Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

		(Dollars in thousands)
		December 31,				December 31,
		2022				2021
Fixed rate advances from the FHLB with outstanding rates of 4.30% as of December 31, 2022		$	120,000			$	-
Total		$	120,000			$	-

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

			(Dollars in thousands)
2023				120,000
Total			$	120,000

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

		(Dollars in thousands)
		2022				2021

Ending balance		$	15,503			$	14,581
Average balance during the year			20,649				17,789
Maximum month-end balance during the year			28,328				24,514
Securities underlying the agreements at year end:
Carrying value			32,660				14,885
Fair value			32,660				14,885
Average interest rate during the year			0.94	%			0.26	%
Average interest rate at year end			2.43	%			0.26	%