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

Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation (Tables)

Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]

A summary of incentive option activity under the Bancorp’s incentive stock option plan for the six months ended June 30, 2014 follows:

								Weighted-
					Weighted-			Average
					Average			Remaining			Aggregate
					Exercise			Contractual			Intrinsic
Incentive options		Shares			Price			Term			Value
Outstanding at January 1, 2014			6,350		$	29.82
Granted			-			-
Exercised			-			-
Forfeited			-			-
Expired			(5,600)		$	30.00
Outstanding at June 30, 2014			750		$	28.50			3.7			-
Exercisable at June 30, 2014			750		$	28.50			3.7			-

Nonvested Restricted Stock Shares Activity [Table Text Block]

A summary of restricted stock activity under the Bancorp’s incentive stock option plan for the six months ended June 30, 2014 follows:

					Weighted-			Weighted-
					Average			Average			Aggregate
					Exercise			Grant Date			Intrinsic
Restricted stock		Shares			Price			Fair Value			Value
Nonvested at January 1, 2014		$	11,100		$	21.54		$	21.54		$	55,075
Granted			4,175			26.32			23.33			750
Vested			(2,000)			18.95			18.95			(15,100)
Forfeited			-			-			-			-
Nonvested at June 30, 2014		$	13,275		$	23.43		$	22.77		$	40,725