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

Quarterly report pursuant to Section 13 or 15(d)

Note 1 - Basis of Presentation - Revision of Previously Issued Financial Statements (Details)

Note 1 - Basis of Presentation - Revision of Previously Issued Financial Statements (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Jun. 30, 2021	Jan. 01, 2021	Dec. 31, 2020	Jun. 30, 2020	Jan. 01, 2020	Dec. 31, 2019
Loans receivable	$ 956,352		$ 956,352				$ 965,146
Net loans receivable	942,578		942,578				952,688
Other assets	15,414		15,414				13,880
Total assets	1,609,924		1,609,924				1,496,292
Retained earnings	119,677		119,677				111,261
Total shareholders' equity	152,569	$ 147,873	152,569	$ 147,873	$ 155,569	$ 151,689	151,689	$ 144,329	$ 133,542	$ 133,542
Total liabilities and stockholders' equity	1,609,924		1,609,924				1,496,292
Compensation and benefits	6,042	5,517	17,624	16,447
Total noninterest expense	12,401	10,035	33,904	30,140
Income before income tax expense	3,806	5,659	13,060	15,210
Income tax expenses	268	972	1,408	2,559
Net income	$ 3,538	$ 4,687	$ 11,652	$ 12,651
Basic (in dollars per share)	$ 1.02	$ 1.35	$ 3.35	$ 3.65
Diluted (in dollars per share)	$ 1.02	$ 1.35	$ 3.35	$ 3.65
Comprehensive income, net of tax	$ (2,063)	$ 4,511	$ 3,819	$ 17,328
Net change in other assets			(1,591)	1,682
Net cash - operating activities			16,559	19,256
Net change in loan			(20,148)	60,386
Net cash - investing activities			(109,204)	(110,697)
Retained Earnings [Member]
Total shareholders' equity	119,677	109,054	119,677	109,054	$ 117,219	111,261	111,261	105,441	99,624	$ 99,624
Net income	3,538	4,687	11,652	12,651
Comprehensive income, net of tax
Previously Reported [Member]
Loans receivable							966,578
Net loans receivable							954,120
Other assets							13,681
Total assets							1,497,525
Retained earnings							112,494
Total shareholders' equity		148,941		148,941		152,922	152,922	145,181	134,103
Total liabilities and stockholders' equity							1,497,525
Compensation and benefits		5,263		15,851
Total noninterest expense		9,781		29,544
Income before income tax expense		5,913		15,806
Income tax expenses		1,010		2,648
Net income		$ 4,903		$ 13,158
Basic (in dollars per share)		$ 1.42		$ 3.80
Diluted (in dollars per share)		$ 1.42		$ 3.80
Comprehensive income, net of tax		$ 4,727		$ 17,835
Net change in other assets				1,593
Net cash - operating activities				19,852
Net change in loan				60,982
Net cash - investing activities				(111,293)
Previously Reported [Member] \| Retained Earnings [Member]
Total shareholders' equity		110,122		110,122		112,494		106,293	100,185
Revision of Prior Period, Error Correction, Adjustment [Member]
Loans receivable							(1,432)
Net loans receivable							(1,432)
Other assets							199
Total assets							(1,233)
Retained earnings							(1,233)
Total shareholders' equity		(1,068)		(1,068)		(1,233)	(1,233)	(852)	(561)
Total liabilities and stockholders' equity							$ (1,233)
Compensation and benefits		254		596
Total noninterest expense		254		596
Income before income tax expense		(254)		(596)
Income tax expenses		(38)		(89)
Net income		$ (216)		$ (507)
Basic (in dollars per share)		$ (0.07)		$ (0.15)
Diluted (in dollars per share)		$ (0.07)		$ (0.15)
Comprehensive income, net of tax		$ (216)		$ (507)
Net change in other assets				89
Net cash - operating activities				(596)
Net change in loan				(596)
Net cash - investing activities				596
Revision of Prior Period, Error Correction, Adjustment [Member] \| Retained Earnings [Member]
Total shareholders' equity		$ (1,068)		$ (1,068)		$ (1,233)		$ (852)	$ (561)