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

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

Earnings Per Share

3 Months Ended

Mar. 31, 2013

Note 7 - Earnings Per Share

Earnings per common share is computed by dividing net income by the weighted-average number of common shares outstanding. A reconciliation of the numerators and denominators of the basic and diluted earnings per common share computations for the three months ended March 31, 2013 and 2012 are as follows:

	Three Months Ended
(Dollars in thousands, except per share data)	March 31,
	2013		2012
Basic earnings per common share:
Net income as reported	$	1,670	$	1,354
Weighted average common shares outstanding		2,839,985		2,837,022
Basic earnings per common share	$	0.59	$	0.48
Diluted earnings per common share:
Net income as reported	$	1,670	$	1,354
Weighted average common shares outstanding		2,839,985		2,837,022
Add: Dilutive effect of assumed stock option exercises		-		-
Weighted average common and dilutive potential common shares outstanding		2,839,985		2,837,022
Diluted earnings per common share	$	0.59	$	0.48

- Definition

The entire disclosure for earnings per share.

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