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

Quarterly report pursuant to Section 13 or 15(d)

Note 13 - Derivative Financial Instruments (Tables)

Note 13 - Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2020

Notes Tables

Derivatives Not Designated as Hedging Instruments [Table Text Block]

March 31, 2020
		Notational or contractual			Asset derivatives						Liability derivatives
(Dollars in thousands)		amount			Statement of Financial Condition classification		Fair value				Statement of Financial Condition classification				Fair value
Interest rate swap contracts		$	29,214		Other assets		$	3,282			Other liabilties				$	3,282
Loan commitments			52,163		Other assets			704			N/A					-
Total		$	81,377				$	3,986							$	3,282

December 31, 2019
		Notational or contractual			Asset derivatives						Liability derivatives
(Dollars in thousands)		amount			Statement of Financial Condition classification		Fair value				Statement of Financial Condition classification			Fair value
Interest rate swap contracts		$	29,466		Other assets		$	1,358			Other liabilties			$	1,358
Loan commitments			12,822		Other assets			186			N/A				-
Total		$	42,288				$	1,544						$	1,358

			Three Months Ended
			March 31,
(Dollars in thousands)	Statement of Income Classification		2020				2019
Interest rate swap contracts	Other income		$	-			$	220
Loan commitments	Other income			518				-
Total			$	518			$	220

Offsetting Assets [Table Text Block]

														Gross Amounts not Offset in the
														Statement of Financial Condition
		Gross Amounts of				Gross Amounts Offset in the				Net Amounts of Assets Presented								Cash
(Dollars in thousands)		Recognized Assets				Statement of Financial Condition				in the Statement of Financial Condition				Financial Instruments				Collateral Received				Net Amount
March 31, 2020
Interest rate swap contracts		$	3,282			$	-			$	3,282			$	-			$	-			$	3,282
Loan commitments			704				-				704				-				-				704
Total		$	3,986			$	-			$	3,986			$	-			$	-			$	3,986

														Gross Amounts not Offset in the
														Statement of Financial Condition
		Gross Amounts of				Gross Amounts Offset in the				Net Amounts of Liabilities Presented								Cash
(Dollars in thousands)		Recognized Liabilities				Statement of Financial Condition				in the Statement of Financial Condition				Financial Instruments				Collateral Received				Net Amount
December 31, 2019
Interest rate swap contracts		$	1,358			$	-			$	1,358			$	-			$	-			$	1,358
Loan commitments			186				-				186				-				-				186
Total		$	1,544			$	-			$	1,544			$	-			$	-			$	1,544

Offsetting Liabilities [Table Text Block]

														Gross Amounts not Offset in the
														Statement of Financial Condition
		Gross Amounts of				Gross Amounts Offset in the				Net Amounts of Liabilities Presented								Cash
(Dollars in thousands)		Recognized Liabilities				Statement of Financial Condition				in the Statement of Financial Condition				Financial Instruments				Collateral Pledged				Net Amount
March 31, 2020
Interest rate swap contracts		$	3,282			$	-			$	3,282			$	-			$	3,350			$	(68	)
Total		$	3,282			$	-			$	3,282			$	-			$	3,350			$	(68	)

														Gross Amounts not Offset in the
														Statement of Financial Condition
		Gross Amounts of				Gross Amounts Offset in the				Net Amounts of Liabilities Presented								Cash
(Dollars in thousands)		Recognized Liabilities				Statement of Financial Condition				in the Statement of Financial Condition				Financial Instruments				Collateral Pledged				Net Amount
December 31, 2019
Interest rate swap contracts		$	1,358			$	-			$	1,358			$	-			$	2,290			$	(932	)
Total		$	1,358			$	-			$	1,358			$	-			$	2,290			$	(932	)