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

Quarterly report pursuant to Section 13 or 15(d)

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

Note 4 - Loans Receivable - Allowance for Loan Losses, by Loan Segment (Details)

v3.21.2

Note 4 - Loans Receivable - Allowance for Loan Losses, by Loan Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Beginning Balance	$ 13,047	$ 9,511	$ 12,458	$ 8,999
Charge-offs	(11)	(178)	(22)	(190)
Recoveries	27	25	49	35
Provisions	576	508	1,154	1,022
Ending Balance	13,639	9,866	13,639	9,866
Residential Portfolio Segment [Member]
Beginning Balance	2,176	1,828	2,211	1,812
Charge-offs	0	(2)	(4)	(2)
Recoveries	15	4	25	10
Provisions	103	(122)	62	(112)
Ending Balance	2,294	1,708	2,294	1,708
Home Equity Portfolio Segment [Member]
Beginning Balance	309	246	276	223
Charge-offs	0	0	(1)	0
Recoveries	0	0	0	0
Provisions	62	(15)	96	8
Ending Balance	371	231	371	231
Commercial Real Estate Portfolio Segment [Member]
Beginning Balance	5,726	3,693	5,406	3,773
Charge-offs	0	(80)	0	(80)
Recoveries	0	0	0	0
Provisions	213	99	533	19
Ending Balance	5,939	3,712	5,939	3,712
Construction and Land Development Portfolio Segment [Member]
Beginning Balance	1,587	1,223	1,405	1,098
Charge-offs	0	(17)	0	(17)
Recoveries	0	0	0	0
Provisions	211	(5)	393	120
Ending Balance	1,798	1,201	1,798	1,201
Multifamily Portfolio Segment [Member]
Beginning Balance	680	562	626	529
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	60	47	114	80
Ending Balance	740	609	740	609
Farmland Portfolio Segment [Member]
Beginning Balance	0	0	0	0
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	0	0	0	0
Ending Balance	0	0	0	0
Commercial Portfolio Segment [Member]
Beginning Balance	2,552	1,901	2,508	1,504
Charge-offs	0	(78)	0	(78)
Recoveries	11	16	19	17
Provisions	(89)	536	(53)	932
Ending Balance	2,474	2,375	2,474	2,375
Consumer Portfolio Segment [Member]
Beginning Balance	17	42	26	43
Charge-offs	(11)	(1)	(17)	(13)
Recoveries	1	5	5	8
Provisions	16	(16)	9	(8)
Ending Balance	23	30	23	30
Manufactured Homes Portfolio Segment [Member]
Beginning Balance	0	0	0	0
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	0	0	0	0
Ending Balance	0	0	0	0
Government Portfolio Segment [Member]
Beginning Balance	0	16	0	17
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	0	(16)	0	(17)
Ending Balance	$ 0	$ 0	$ 0	$ 0

- Definition

Amount of recovery of loans and lease receivables which had previously been fully or partially written-off as bad debts.

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- Definition

Amount of loans and leases that have been written off from both loan receivables and allowance reserve for credit loss.

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Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements.

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Amount of expense related to estimated loss from loan and lease transactions.

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