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)

3 Months Ended

Mar. 31, 2015

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 three months ended March 31, 2015 follows:

										Weighted-
						Weighted-				Average
						Average				Remaining				Aggregate
						Exercise				Contractual				Intrinsic
Incentive options		Shares				Price				Term				Value
Outstanding at January 1, 2015			750			$	28.50
Granted			-				-
Exercised			-				-
Forfeited			-				-
Expired			-			$	-
Outstanding at March 31, 2015			750			$	28.50				2.9				-
Exercisable at March 31, 2015			750			$	28.50				2.9				-

Nonvested Restricted Stock Shares Activity [Table Text Block]

A summary of restricted stock activity under the Bancorp’s incentive stock option plan for the three months ended March 31, 2015 follows:

						Weighted-
						Average
						Grant Date
Restricted stock		Shares				Fair Value
Nonvested at January 1, 2015			12,775			$	23.63
Granted			7,250				27.50
Vested			-				-
Forfeited			-				-
Nonvested at March 31, 2015			20,025			$	25.03