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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Beginning Balance	$ 13,639	$ 9,866	$ 12,458	$ 8,999
Charge-offs	(32)	(9)	(54)	(199)
Recoveries	28	8	77	43
Provisions	139	849	1,293	1,871
Ending Balance	13,774	10,714	13,774	10,714
Residential Portfolio Segment [Member]
Beginning Balance	2,294	1,708	2,211	1,812
Charge-offs	(28)	0	(32)	(2)
Recoveries	21	5	46	15
Provisions	188	170	250	58
Ending Balance	2,475	1,883	2,475	1,883
Home Equity Portfolio Segment [Member]
Beginning Balance	371	231	276	223
Charge-offs	0	0	(1)	0
Recoveries	0	0	0	0
Provisions	3	(19)	99	(11)
Ending Balance	374	212	374	212
Commercial Real Estate Portfolio Segment [Member]
Beginning Balance	5,939	3,712	5,406	3,773
Charge-offs	0	0	0	(80)
Recoveries	0	0	0	0
Provisions	413	675	946	694
Ending Balance	6,352	4,387	6,352	4,387
Construction and Land Development Portfolio Segment [Member]
Beginning Balance	1,798	1,201	1,405	1,098
Charge-offs	0	0	0	(17)
Recoveries	0	0	0	0
Provisions	90	(29)	483	91
Ending Balance	1,888	1,172	1,888	1,172
Multifamily Portfolio Segment [Member]
Beginning Balance	740	609	626	529
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	47	(59)	161	21
Ending Balance	787	550	787	550
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	2,474	2,375	2,508	1,504
Charge-offs	0	0	0	(78)
Recoveries	6	0	25	17
Provisions	(594)	113	(647)	1,045
Ending Balance	1,886	2,488	1,886	2,488
Consumer Portfolio Segment [Member]
Beginning Balance	23	30	26	43
Charge-offs	(4)	(9)	(21)	(22)
Recoveries	1	3	6	11
Provisions	(8)	(2)	1	(10)
Ending Balance	12	22	12	22
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	0	0	17
Charge-offs	0	0	0	0
Recoveries	0	0	0	0
Provisions	0	0	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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