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)

9 Months Ended

Sep. 30, 2020

Notes Tables

Derivatives Not Designated as Hedging Instruments [Table Text Block]

September 30, 2020
		Notational or			Asset derivatives						Liability derivatives
(Dollars in thousands)		contractual amount			Statement of Financial Condition classification		Fair value				Statement of Financial Condition classification				Fair value
Interest rate swap contracts		$	61,909		Other assets		$	4,062			Other liabilties				$	4,062
Interest rate lock commitments			27,507		Other assets			495				N/A				-
Total		$	89,416				$	4,557							$	4,062

December 31, 2019
		Notational or			Asset derivatives						Liability derivatives
(Dollars in thousands)		contractual 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
Interest rate lock commitments			12,822		Other assets			186				N/A				-
Total		$	42,288				$	1,544							$	1,358

			Nine Months Ended
			September 30,
(Dollars in thousands)	Statement of Income Classification		2020				2019
Interest rate swap contracts	Other income		$	512			$	338
Interest rate lock commitments	Gain on sale of loans held-for-sale, net			309				-
Total			$	821			$	338

Offsetting Assets [Table Text Block]

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Assets				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Assets Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Received				Net Amount
September 30, 2020
Interest rate swap contracts		$	4,062			$	-			$	4,062			$	-			$	-			$	4,062
Interest rate lock commitments			495				-				495				-				-				495
Total		$	4,557			$	-			$	4,557			$	-			$	-			$	4,557

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Liabilities Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Received				Net Amount
December 31, 2019
Interest rate swap contracts		$	1,358			$	-			$	1,358			$	-			$	-			$	1,358
Interest rate lock 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
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Liabilities Presented in the Statement of Financial Condition				Financial Instruments				Cash Collateral Pledged				Net Amount
September 30, 2020
Interest rate swap contracts		$	4,062			$	-			$	4,062			$	-			$	3,930			$	132
Total		$	4,062			$	-			$	4,062			$	-			$	3,930			$	132

														Gross Amounts not Offset in the
														Statement of Financial Condition
(Dollars in thousands)		Gross Amounts of Recognized Liabilities				Gross Amounts Offset in the Statement of Financial Condition				Net Amounts of Liabilities Presented in the Statement of Financial Condition				Financial Instruments				Cash 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	)