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

Quarterly report pursuant to Section 13 or 15(d)

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- Document And Entity Information
Financial Statements
Notes to Financial Statements
Notes Tables
Notes Details

Note 12 - Derivative Financial Instruments - Offset Assets (Details)

v3.21.1

Note 12 - Derivative Financial Instruments - Offset Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Gross amount of recognized assets	$ 3,788	$ 4,012
Gross amounts offset in the statements of financial condition	0	0
Net amount of assets presented in the statement of financial condition	3,788	4,012
Financial instruments	0	0
Cash collateral received	0	0
Net amount	3,788	4,012
Interest Rate Swap [Member]
Gross amount of recognized assets	3,391	3,638
Gross amounts offset in the statements of financial condition	0	0
Net amount of assets presented in the statement of financial condition	3,391	3,638
Financial instruments	0	0
Cash collateral received	0	0
Net amount	3,391	3,638
Interest Rate Lock Commitments [Member]
Gross amount of recognized assets	397	374
Gross amounts offset in the statements of financial condition	0	0
Net amount of assets presented in the statement of financial condition	397	374
Financial instruments	0	0
Cash collateral received	0	0
Net amount	$ 397	$ 374

- Definition

Fair value of liability associated with financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset.

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