Finward Bancorp(FNWD)
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Finward Bancorp(FNWD) - 2022 Q3 - Quarterly Report
2022-11-13 16:00
PART I. Financial Information [Unaudited Financial Statements and Notes](index=3&type=section&id=Item%201.Unaudited%20Financial%20Statements%20and%20Notes) This section presents Finward Bancorp's unaudited consolidated financial statements and notes for the period ended September 30, 2022, detailing the financial position and performance, significantly impacted by the Royal Financial acquisition [Consolidated Balance Sheet](index=3&type=section&id=Consolidated%20Balance%20Sheet) Total assets increased to **$2.05 billion** by September 30, 2022, primarily from loan growth funded by deposits, while stockholders' equity decreased due to comprehensive losses Consolidated Balance Sheet Highlights (in thousands) | Account | September 30, 2022 (unaudited, in thousands) | December 31, 2021 (in thousands) | | :--- | :--- | :--- | | Total cash and cash equivalents | $38,296 | $33,176 | | Securities available-for-sale | $359,035 | $526,889 | | Net loans receivable | $1,489,298 | $953,377 | | Goodwill | $22,615 | $11,109 | | **Total assets** | **$2,052,986** | **$1,620,743** | | Total deposits | $1,832,964 | $1,434,201 | | Borrowed funds | $56,174 | $- | | **Total liabilities** | **$1,934,963** | **$1,464,128** | | Accumulated other comprehensive (loss) income | $(79,839) | $4,276 | | **Total stockholders' equity** | **$118,023** | **$156,615** | | **Total liabilities and stockholders' equity** | **$2,052,986** | **$1,620,743** | [Consolidated Statements of Income](index=4&type=section&id=Consolidated%20Statements%20of%20Income) Net income for Q3 2022 increased to **$4.6 million** due to higher net interest income, while nine-month net income slightly declined to **$11.1 million** due to noninterest income and expense changes Quarterly and Nine-Month Income Statement Highlights (in thousands, except per share data) | Metric | Q3 2022 (in thousands) | Q3 2021 (in thousands) | Nine Months 2022 (in thousands) | Nine Months 2021 (in thousands) | | :--- | :--- | :--- | :--- | :--- | | Net interest income | $17,507 | $12,200 | $50,340 | $36,118 | | Provision for loan losses | $- | $139 | $- | $1,293 | | Total noninterest income | $2,630 | $4,146 | $8,670 | $12,139 | | Total noninterest expense | $15,010 | $12,401 | $46,455 | $33,904 | | **Net income** | **$4,556** | **$3,538** | **$11,122** | **$11,652** | | Diluted EPS | $1.07 | $1.02 | $2.67 | $3.35 | [Notes to Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) These notes detail accounting policies, financial components, and the significant **Royal Financial, Inc. (RYFL) acquisition**, along with upcoming accounting standard changes like CECL - On January 31, 2022, Finward completed its acquisition of Royal Financial, Inc. (RYFL), issuing **795,423 shares** of common stock and paying approximately **$18.7 million** in cash, for an implied transaction value of about **$56.7 million**[20](index=20&type=chunk)[22](index=22&type=chunk) - The acquisition resulted in the recording of approximately **$11.5 million** in goodwill and a **$3.2 million** core deposit intangible[23](index=23&type=chunk)[25](index=25&type=chunk) - The Bancorp will adopt ASU No. 2016-13 (CECL) for measuring credit losses on financial instruments effective January 1, 2023, with management currently evaluating its impact[86](index=86&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=39&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses the Bancorp's financial condition and results, emphasizing the **Royal Financial acquisition's impact** on asset growth, loan portfolio, asset quality, and capital, alongside quarterly and nine-month performance - The acquisition of Royal Financial, Inc. (RYFL) on January 31, 2022, was a key event, expanding the Bank's network in Cook and DuPage counties, Illinois[117](index=117&type=chunk) - Total assets increased by **$432.2 million (26.7%)** during the first nine months of 2022, primarily due to the RYFL acquisition[120](index=120&type=chunk) - Stockholders' equity decreased by **$38.6 million (24.6%)** in the first nine months of 2022, mainly due to an **$84.1 million** other comprehensive loss from market value changes in the securities portfolio[155](index=155&type=chunk) [Financial Condition](index=41&type=section&id=Financial%20Condition) Total assets grew to **$2.1 billion** by September 30, 2022, driven by the RYFL acquisition and loan growth, while the investment portfolio decreased due to unrealized losses Loan Portfolio Composition (in thousands) | Loan Type | Sept 30, 2022 (in thousands) | % of Total | Dec 31, 2021 (in thousands) | % of Total | | :--- | :--- | :--- | :--- | :--- | | Residential real estate | $471,565 | 31.5% | $260,134 | 33.0% | | Commercial real estate | $452,852 | 30.3% | $317,145 | 31.2% | | Multifamily | $258,377 | 17.3% | $61,194 | 5.7% | | Commercial business | $95,372 | 6.4% | $115,772 | 11.4% | | Other | $218,821 | 14.5% | $143,232 | 18.7% | | **Total Loans Receivable** | **$1,496,387** | **100.0%** | **$960,139** | **100.0%** | - The securities portfolio, all available-for-sale, decreased by **$167.9 million (31.9%)** to **$359.0 million**, attributed to increased unrealized losses from rising interest rates and using cash flows to fund loan growth[141](index=141&type=chunk) - Total deposits increased by **$398.8 million (27.8%)** to **$1.83 billion**, largely due to the RYFL acquisition and efforts to grow core deposits[146](index=146&type=chunk)[148](index=148&type=chunk) [Asset Quality](index=43&type=section&id=Asset%20Quality) Asset quality metrics, including nonperforming and substandard loans, increased due to the RYFL acquisition, while the allowance for loan losses remained stable with no new provision Asset Quality Summary (in thousands) | Metric | Sept 30, 2022 (in thousands) | Dec 31, 2021 (in thousands) | | :--- | :--- | :--- | | Nonperforming loans | $10,925 | $7,261 | | Substandard loans | $17,922 | $8,687 | | Special mention loans | $21,153 | $21,123 | | Impaired loans | $13,006 | $5,808 | | Allowance for loan losses (ALL) | $13,398 | $13,343 | | ALL to Total Loans | 0.90% | 1.38% | - The increase in substandard and impaired loans is primarily the result of loans acquired through the RYFL acquisition[127](index=127&type=chunk)[132](index=132&type=chunk) - No provision for loan losses was recorded for the nine months ended September 30, 2022, compared to a provision of **$1.3 million** for the same period in 2021[137](index=137&type=chunk) [Liquidity and Capital Resources](index=51&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity improved with increased cash, but stockholders' equity decreased due to unrealized securities losses, though capital ratios remain well above regulatory minimums Bank Capital Ratios | Ratio | Sept 30, 2022 | Minimum for Capital Adequacy | | :--- | :--- | :--- | | Common equity tier 1 capital to risk weighted assets | 11.8% | 4.5% | | Tier 1 capital to risk-weighted assets | 11.8% | 6.0% | | Total capital to risk-weighted assets | 12.8% | 8.0% | | Tier 1 capital to adjusted average assets | 8.1% | 4.0% | - The Bancorp's ability to pay dividends depends on the Bank's ability to pay dividends to the Bancorp, which is subject to regulatory limits by the DFI and FDIC[162](index=162&type=chunk) - No shares were repurchased under the stock repurchase program during the first nine months of 2022[155](index=155&type=chunk) [Results of Operations](index=53&type=section&id=Results%20of%20Operations) For Q3 2022, net income rose to **$4.6 million** driven by net interest income, while nine-month net income fell to **$11.1 million** due to a **$3.5 million** drop in noninterest income and a **$12.6 million** rise in noninterest expense Quarterly Results of Operations (in thousands) | Metric | Q3 2022 (in thousands) | Q3 2021 (in thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Net Interest Income | $17,507 | $12,200 | 43.5% | | Noninterest Income | $2,630 | $4,146 | -36.6% | | Noninterest Expense | $15,010 | $12,401 | 21.0% | | Net Income | $4,556 | $3,538 | 28.8% | Nine-Month Results of Operations (in thousands) | Metric | Nine Months 2022 (in thousands) | Nine Months 2021 (in thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Net Interest Income | $50,340 | $36,118 | 39.4% | | Noninterest Income | $8,670 | $12,139 | -28.6% | | Noninterest Expense | $46,455 | $33,904 | 37.0% | | Net Income | $11,122 | $11,652 | -4.5% | - The increase in noninterest expense for the nine-month period was driven by the Royal acquisition, talent management, wage inflation, and investments in technology like Salesforce and nCino[186](index=186&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=62&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This item is marked as 'Not applicable', indicating no new or materially changed quantitative and qualitative disclosures about market risk for this period - The report states this item is not applicable for this filing[193](index=193&type=chunk) [Controls and Procedures](index=62&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the Bancorp's disclosure controls and procedures were effective as of September 30, 2022, with no material changes to internal controls identified - The Chief Executive Officer and Chief Financial Officer concluded that the Bancorp's disclosure controls and procedures were effective as of September 30, 2022[194](index=194&type=chunk) - There were no changes in internal control over financial reporting during the nine months ended September 30, 2022, that materially affected or are likely to materially affect the controls[195](index=195&type=chunk) PART II. Other Information [Legal Proceedings](index=63&type=section&id=Item%201.%20Legal%20Proceedings) The Bancorp is involved in routine legal proceedings, with management expecting no material adverse financial impact from ultimate liabilities - The company is involved in routine legal proceedings, but management does not expect any material adverse financial impact[198](index=198&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=63&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No shares were repurchased under the Bancorp's existing stock repurchase program during the nine months ended September 30, 2022 - No shares were repurchased under the existing stock repurchase program during the nine months ended September 30, 2022[200](index=200&type=chunk) Share Repurchase Activity (Jan - Sep 2022) | Period | Total Number of Shares Purchased | Average Price Paid per Share | Maximum Number of Shares That May Yet Be Purchased | | :--- | :--- | :--- | :--- | | Jan - Sep 2022 | - | N/A | 48,828 | [Exhibits](index=63&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and the Inline XBRL Interactive Data File - Filed exhibits include CEO and CFO certifications as required by Sarbanes-Oxley Act rules[202](index=202&type=chunk)[203](index=203&type=chunk) - The filing includes an Inline XBRL Interactive Data File containing tagged financial statements and notes[203](index=203&type=chunk)[204](index=204&type=chunk)
Finward Bancorp(FNWD) - 2022 Q2 - Quarterly Report
2022-08-14 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended June 30, 2022 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the transition period from ______ to ______ Commission File Number: 0-26128 Finward Bancorp (Exact name of registrant as specified in its charter) Indiana 35-1927981 (State or other ju ...
Finward Bancorp(FNWD) - 2022 Q1 - Quarterly Report
2022-05-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended March 31, 2022 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the transition period from ______ to ______ Commission File Number: 0-26128 Finward Bancorp (Exact name of registrant as specified in its charter) Indiana 35-1927981 (State or other j ...
Finward Bancorp(FNWD) - 2021 Q4 - Annual Report
2022-03-29 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________ (Mark One) FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 0-26128 Finward Bancorp (Exact name of registrant as specified in its charter) incorporation or o ...
Finward Bancorp(FNWD) - 2021 Q3 - Quarterly Report
2021-11-08 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended September 30, 2021 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the transition period from to Commission File Number: 0-26128 Finward Bancorp (Exact name of registrant as specified in its charter) Indiana 35-1927981 (State or other jurisdictio ...
Finward Bancorp(FNWD) - 2021 Q2 - Quarterly Report
2021-08-15 16:00
[PART I. Financial Information](index=3&type=section&id=PART%20I.%20Financial%20Information) This section presents the unaudited financial statements, management's discussion and analysis, market risk disclosures, and controls and procedures for Finward Bancorp [Unaudited Financial Statements and Notes](index=3&type=section&id=Item%201.%20Unaudited%20Financial%20Statements%20and%20Notes) This section presents Finward Bancorp's unaudited condensed consolidated financial statements and detailed notes for the periods ended June 30, 2021, including the pending acquisition of Royal Financial, Inc [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Finward Bancorp's total assets grew to $1.60 billion by June 30, 2021, driven by increased cash and securities, with total liabilities and equity also rising Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2021 (unaudited) | December 31, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$1,603,513** | **$1,496,292** | | Total cash and cash equivalents | $68,625 | $19,922 | | Securities available-for-sale | $473,927 | $410,669 | | Net loans receivable | $955,852 | $952,688 | | **Total Liabilities** | **$1,447,944** | **$1,344,603** | | Total deposits | $1,395,096 | $1,302,339 | | **Total Stockholders' Equity** | **$155,569** | **$151,689** | [Condensed Consolidated Statements of Income](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Income) Net income for Q2 2021 decreased to $3.6 million due to lower noninterest income and higher expenses, while six-month net income slightly increased to $8.1 million Key Income Statement Data (in thousands, except per share data) | Metric | Q2 2021 | Q2 2020 | 6 Months 2021 | 6 Months 2020 | | :--- | :--- | :--- | :--- | :--- | | Net Interest Income | $11,872 | $11,415 | $23,918 | $22,086 | | Provision for loan losses | $576 | $508 | $1,154 | $1,022 | | Total Noninterest Income | $3,680 | $5,046 | $7,993 | $8,592 | | Total Noninterest Expense | $11,010 | $10,013 | $21,503 | $20,105 | | **Net Income** | **$3,571** | **$4,851** | **$8,114** | **$7,964** | | **Diluted EPS** | **$1.03** | **$1.40** | **$2.33** | **$2.30** | [Notes to Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Condensed%20Consolidated%20Financial%20Statements) These notes detail accounting policies, revisions, portfolio breakdowns, and the pending acquisition of Royal Financial, Inc., along with upcoming accounting standards - On May 24, 2021, the company's name was changed from "NorthWest Indiana Bancorp" to "Finward Bancorp"[20](index=20&type=chunk) - Previously issued financial statements were revised for immaterial errors related to deferred costs for the manufactured home loan product, resulting in a **$291 thousand understatement of net income** for the six months ended June 30, 2020[22](index=22&type=chunk)[23](index=23&type=chunk)[26](index=26&type=chunk) - The upcoming credit loss guidance (CECL) under ASU No. 2016-13 will be effective for the Bancorp's year ending December 31, 2023, with management evaluating its impact[87](index=87&type=chunk) - On July 28, 2021, Finward entered into a merger agreement to acquire Royal Financial, Inc. (RYFL) for approximately **$52.9 million**, with closing expected in Q1 2022[107](index=107&type=chunk)[108](index=108&type=chunk)[109](index=109&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=38&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Finward Bancorp's financial condition, including asset growth, stable loans, credit quality, and the Royal Financial merger, alongside operational results for the periods ended June 30, 2021 Key Performance Metrics (as of June 30, 2021) | Metric | Q2 2021 | 6 Months 2021 | | :--- | :--- | :--- | | Net Income | $3.6 million | $8.1 million | | Diluted EPS | $1.03 | $2.33 | | ROA | 0.90% | 1.04% | | ROE | 9.17% | 10.54% | - Total assets increased by **$107.2 million (7.2%)** during the first six months of 2021, primarily due to strong core deposit growth which increased cash balances[128](index=128&type=chunk) - The Bancorp is set to acquire Royal Financial, Inc. (RYFL) in a deal valued at approximately **$52.9 million**, expected to close in Q1 2022, forming a combined entity with approximately **$2.1 billion in assets**[115](index=115&type=chunk)[117](index=117&type=chunk)[111](index=111&type=chunk) - The Bancorp participated in both rounds of the Paycheck Protection Program (PPP), approving **1,202 loans for $129.0 million**, with a remaining PPP loan balance of **$50.3 million** as of June 30, 2021[127](index=127&type=chunk) [Financial Condition](index=42&type=section&id=Financial%20Condition) Total assets reached $1.6 billion, driven by interest-earning assets and strong deposit growth, while non-performing loans decreased to 1.26% of total loans Loan Portfolio Composition (in thousands) | Loan Type | June 30, 2021 | % of Total | | :--- | :--- | :--- | | Commercial real estate | $315,087 | 32.6% | | Residential real estate | $268,649 | 27.8% | | Commercial business | $149,414 | 15.5% | | Construction and land development | $104,154 | 10.8% | | Other | $127,773 | 13.3% | | **Total Loans Receivable** | **$965,077** | **100.0%** | Credit Quality Ratios | Ratio | June 30, 2021 | Dec 31, 2020 | | :--- | :--- | :--- | | Nonperforming loans to total loans | 1.26% | 1.49% | | Allowance for loan losses to total loans | 1.41% | 1.29% | | Allowance to non-performing loans | 111.1% | 86.7% | - Total deposits grew by **$92.8 million (7.1%)** in the first six months of 2021, primarily driven by a **$66.5 million increase in checking accounts**[147](index=147&type=chunk) [Liquidity and Capital Resources](index=48&type=section&id=Liquidity%20and%20Capital%20Resources) The Bancorp maintained strong liquidity with a $48.7 million increase in cash and exceeded all regulatory capital requirements, with a Tier 1 capital ratio of 13.0% - Cash and cash equivalents increased by **$48.7 million** in the first six months of 2021, funded by **$95.1 million** in net cash from financing activities, offset by **$60.0 million** used in investing activities[151](index=151&type=chunk) Bancorp Regulatory Capital Ratios | Ratio | June 30, 2021 | Minimum Required | | :--- | :--- | :--- | | Common equity tier 1 capital | 13.0% | 4.5% | | Tier 1 capital | 13.0% | 6.0% | | Total capital | 14.2% | 8.0% | | Tier 1 leverage | 8.3% | 4.0% | - The Bancorp's ability to pay dividends depends on the Bank, which can declare dividends in 2021 up to its 2021 net profits plus **$4.7 million** without prior regulatory approval[162](index=162&type=chunk) [Results of Operations](index=53&type=section&id=Results%20of%20Operations) Q2 2021 net income decreased to $3.6 million due to lower noninterest income and higher expenses, while six-month net income slightly increased to $8.1 million with a compressed net interest margin Quarterly Performance Comparison (Q2 2021 vs Q2 2020) | Metric | Q2 2021 | Q2 2020 | Change | | :--- | :--- | :--- | :--- | | Net Interest Income | $11.9M | $11.4M | +4.0% | | Noninterest Income | $3.7M | $5.0M | -27.1% | | Noninterest Expense | $11.0M | $10.0M | +10.0% | | Net Income | $3.6M | $4.9M | -26.4% | Six-Month Performance Comparison (2021 vs 2020) | Metric | 6M 2021 | 6M 2020 | Change | | :--- | :--- | :--- | :--- | | Net Interest Income | $23.9M | $22.1M | +8.3% | | Noninterest Income | $8.0M | $8.6M | -7.0% | | Noninterest Expense | $21.5M | $20.1M | +7.0% | | Net Income | $8.1M | $8.0M | +1.9% | - The net interest margin for Q2 2021 was **3.22%**, down from **3.48%** in Q2 2020, driven by a decline in the average yield on interest-earning assets to **3.38%** from **3.93%**[165](index=165&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=58&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) This section on quantitative and qualitative disclosures about market risk is not applicable for the current reporting period - The company states that this section is not applicable[187](index=187&type=chunk) [Controls and Procedures](index=58&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that the Bancorp's disclosure controls and procedures were effective as of June 30, 2021, with no material changes to internal control over financial reporting - The Chief Executive Officer and Chief Financial Officer concluded that the Bancorp's disclosure controls and procedures were effective as of June 30, 2021[188](index=188&type=chunk) - There were no material changes to the Bancorp's internal control over financial reporting during the six months ended June 30, 2021[189](index=189&type=chunk) [PART II. Other Information](index=60&type=section&id=PART%20II.%20Other%20Information) This section covers legal proceedings, unregistered sales of equity securities, and a list of exhibits filed with the report [Legal Proceedings](index=60&type=section&id=Item%201.%20Legal%20Proceedings) The Bancorp is involved in routine legal proceedings not expected to have a material adverse effect on its financial position - The company is involved in ordinary course legal proceedings which are not expected to have a material adverse effect on its financial condition[191](index=191&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=60&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) No shares were repurchased under the Bancorp's stock repurchase program during the first six months of 2021, with 48,828 shares remaining available - No shares were repurchased under the company's stock repurchase program during the six months ended June 30, 2021[193](index=193&type=chunk) Stock Repurchase Program Status | Period | Total Shares Purchased | Maximum Shares Remaining | | :--- | :--- | :--- | | Jan 1 - Jun 30, 2021 | 0 | 48,828 | [Exhibits](index=60&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and the XBRL Interactive Data File - Exhibits filed include CEO/CFO certifications and the XBRL Interactive Data File[195](index=195&type=chunk)
Finward Bancorp(FNWD) - 2021 Q1 - Quarterly Report
2021-05-06 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended March 31, 2021 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the transition period from ______ to ______ Commission File Number: 0-26128 NorthWest Indiana Bancorp (Exact name of registrant as specified in its charter) (State or other jurisdicti ...
Finward Bancorp(FNWD) - 2020 Q4 - Annual Report
2021-03-21 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _________________ FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 0-26128 NorthWest Indiana Bancorp (Exact name of registrant as specified in its charter) Indiana ...
Finward Bancorp(FNWD) - 2020 Q3 - Quarterly Report
2020-11-06 21:30
(Mark One) FORM 10-Q ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Exact name of registrant as specified in its charter) Indiana 35-1927981 (State or other jurisdiction of incorporation or organization) 9204 Columbia Avenue Munster, Indiana 46321 (Address of principal executive offices) (ZIP code) Registrant's telephone number, including area code: (219) 836-4400 N/A (Former name, former add ...
Finward Bancorp(FNWD) - 2020 Q2 - Quarterly Report
2020-08-08 01:46
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the quarterly period ended June 30, 2020 or ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934. For the transition period from to Commission File Number: 0-26128 NorthWest Indiana Bancorp (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpora ...