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)

3 Months Ended

Mar. 31, 2017

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 three months ended March 31, 2017 follows:

					Weighted-
			Weighted-		Average
			Average		Remaining		Aggregate
			Exercise		Contractual		Intrinsic
Incentive options	Shares		Price		Term		Value
Outstanding at January 1, 2017		500	$	28.50
Granted		-		-
Exercised		-		-
Forfeited		-		-
Expired		-	$	-
Outstanding at March 31, 2017		500	$	28.50		0.9		-
Exercisable at March 31, 2017		500	$	28.50		0.9		-

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 three months ended March 31, 2017 follows:

			Weighted-
			Average
			Grant Date
Restricted stock	Shares		Fair Value
Nonvested at January 1, 2017		28,465	$	26.67
Granted		4,575		39.00
Vested		1,625		25.81
Forfeited		-		-
Nonvested at March 31, 2017		31,415	$	28.51