ADDED
For the transition period from ______ to ______ Commission File Number: 001-40999 Finward Bancorp (Exact name of registrant as specified in its charter) Indiana 35-1927981 (State or other jurisdiction of incorporation or organization) (I.R.S.
There were 4,330,486 shares of the registrant s Common Stock, without par value, outstanding at March 20, 2026.
Management s Discussion and Analysis of Financial Condition and Results of Operations 45 Item 7A.
Business General Finward Bancorp, an Indiana corporation, was incorporated on January 31, 1994, and is the holding company for Peoples Bank, an Indiana-chartered commercial bank.
The Bank s deposit accounts are insured up to applicable limits by the Deposit Insurance Fund, which is administered by the Federal Deposit Insurance Corporation, an agency of the federal government.
As the holding company for the Bank, the Company is subject to comprehensive examination, supervision and regulation by the Board of Governors of the Federal Reserve System, while the Bank is subject to comprehensive examination, supervision and regulation by both the FDIC and the Indiana Department of Financial Institutions.
Other risks and uncertainties that could affect the Company s future performance are set forth below in Item 1A, Risk Factors," 7 Lending Activities General.
All loans held-for-sale are recorded at the lower of cost or market value.
Predetermined rates Floating or adjustable rates Total Residential real estate $ 331,405 $ 102,041 $ 433,446 Home equity 45,300 6,191 51,491 Commercial real estate 46,956 468,422 515,378 Construction and land development 9,827 40,358 50,185 Multifamily 64,004 88,761 152,765 Commercial business 27,092 22,876 49,968 Consumer 210 - 210 Manufactured homes 23,708 - 23,708 Government 8,566 - 8,566 Total loans receivable $ 557,068 $ 728,649 $ 1,285,717 Lending Area.
Loans from $3.0 million to $4.5 million are approved by the loan officers loan committee.
REMOVED
There were 4,324,485 shares of the registrant s Common Stock, without par value, outstanding at March 21, 2025.
Management's Discussion and Analysis of Financial Condition and Results of Operations 47 Item 7A.
Exhibits and Financial Statement Schedules 111 SIGNATURES 114 EXHIBIT INDEX 111 PART I Item 1.
Business General Finward Bancorp, an Indiana corporation (the Company ), was incorporated on January 31, 1994, and is the holding company for Peoples Bank, an Indiana-chartered commercial bank (the Bank ).
The Bank s deposit accounts are insured up to applicable limits by the Deposit Insurance Fund ( DIF ), which is administered by the Federal Deposit Insurance Corporation ( FDIC ), an agency of the federal government.
As the holding company for the Bank, the Company is subject to comprehensive examination, supervision and regulation by the Board of Governors of the Federal Reserve System ( FRB ), while the Bank is subject to comprehensive examination, supervision and regulation by both the FDIC and the Indiana Department of Financial Institutions ( DFI ).
Other risks and uncertainties that could affect the Company s future performance are set forth below in Item 1A, Risk Factors.
All loans held for sale are recorded at the lower of cost or market value.
Predetermined Floating or rates adjustable rates Total Residential real estate $ 355,155 $ 106,352 $ 461,507 Home equity 38,527 2,278 40,805 Commercial real estate 62,821 461,871 524,692 Construction and land development 13,200 37,433 50,633 Multifamily 93,028 86,529 179,557 Commercial business 34,042 26,703 60,745 Consumer 314 - 314 Manufactured Homes 26,707 - 26,707 Government 11,024 - 11,024 Total loans receivable $ 634,818 $ 721,166 $ 1,355,984 Lending Area.
Loans from $3.0 million to $4.5 million are approved by the loan officers loan committee (OLC).