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

Borrowed Funds (Tables)

12 Months Ended

Dec. 31, 2013

At year end, borrowed funds are summarized below:

	(Dollars in thousands)
	2013		2012
Fixed rate advances from the FHLB		30,100		28,000
Putable advances from the FHLB		-		5,000
Line of credit at FHLB		714		-
Other		84		207
Total	$	30,898	$	33,207

At December 31, 2013, scheduled maturities of borrowed funds were as follows:

At year end, information concerning these retail repurchase agreements is summarized below:

	(Dollars in thousands)
	2013			2012
Ending balance	$	14,031		$	16,298
Average balance during the year		18,016			20,561
Maximum month-end balance during the year		21,652			25,278
Securities underlying the agreements at year end:
Carrying value		23,729			28,002
Fair value		23,729			28,002
Average interest rate during the year		0.38	%		0.38	%
Average interest rate at year end		0.38	%		0.31	%

At year-end, advances from the Federal Home Loan Bank were as follows:

	(Dollars in thousands)
	2013		2012
Fixed rate advances, maturing January 2014 through November 2018 at rates from 0.61% to 2.56%; average rate: 2013 1.47%; 2012 1.84%	$	30,100	$	28,000
Putable advance, maturing February 2013 at a fixed rate of 2.62%		-		5,000