Finward Bancorp (FNWD)

Finward Bancorp Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	103.41	65.48	86.01	31.28	29.28	16.02
Investment Securities	219.87	224.23	247.91	239.24	343.9	257.83
Trading Asset Securities	4.14	5.51	5.63	9.01	2.83	4.01
Mortgage-Backed Securities	107.97	109.33	123.46	134.12	184.7	154.74
Total Investments	331.99	339.06	377	382.36	531.43	416.58
Gross Loans	1,484	1,509	1,513	1,514	966.95	965.3
Allowance for Loan Losses	-18.18	-16.91	-18.77	-12.9	-13.34	-12.46
Other Adjustments to Gross Loans	-	-	-	-0.02	-0.23	-0.15
Net Loans	1,466	1,492	1,494	1,501	953.38	952.69
Property, Plant & Equipment	46.18	47.26	38.44	40.21	31.39	30.79
Goodwill	22.4	22.4	22.4	22.4	11.11	11.11
Other Intangible Assets	1.41	1.86	3.27	4.79	3.13	4.12
Loans Held for Sale	0.83	1.25	0.34	1.54	4.99	11.33
Accrued Interest Receivable	7.65	7.72	8.05	7.42	5.44	4.71
Restricted Cash	-	5.1	-	-	3.9	3.9
Long-Term Deferred Tax Assets	-	29.46	28.07	29.24	2.85	1.34
Other Real Estate Owned & Foreclosed	-	-	0.07	-	-	0.54
Other Long-Term Assets	71.4	42.5	44.27	43.81	40.62	39.25
Total Assets	2,058	2,061	2,108	2,070	1,621	1,496
Accrued Expenses	14.6	35.38	20.36	14.45	12.66	18.77
Interest Bearing Deposits	1,349	1,356	1,381	1,322	1,102	1,014
Institutional Deposits	134.3	141.4	137.1	93.6	36.9	46.7
Non-Interest Bearing Deposits	271.17	263.32	295.59	359.09	295.29	241.62
Total Deposits	1,755	1,761	1,813	1,775	1,434	1,302
Short-Term Borrowings	62.41	110.6	123.72	144.48	17.27	17.5
Current Portion of Long-Term Debt	-	-	-	-	-	6
Federal Home Loan Bank Debt, Long-Term	55	-	-	-	-	-
Other Long-Term Liabilities	2.03	2.74	3.44	-	-	-
Total Liabilities	1,904	1,909	1,961	1,934	1,464	1,345
Additional Paid-In Capital	70.26	70.03	69.56	69.03	30.43	29.99
Retained Earnings	141.55	139.46	129.4	131.66	121.91	111.26
Comprehensive Income & Other	-57.56	-58.08	-51.61	-64.3	4.28	10.44
Shareholders' Equity	154.25	151.41	147.35	136.39	156.62	151.69
Total Liabilities & Equity	2,058	2,061	2,108	2,070	1,621	1,496
Total Debt	132.18	110.6	123.72	144.48	17.27	23.5
Net Cash (Debt)	-24.63	-39.61	-32.08	-101.73	16.55	-1.57
Net Cash Per Share	-5.75	-9.27	-7.49	-24.26	4.76	-0.45
Filing Date Shares Outstanding	4.32	4.32	4.3	4.3	4.29	3.48
Total Common Shares Outstanding	4.32	4.31	4.3	4.3	3.48	3.46
Book Value Per Share	35.67	35.10	34.28	31.73	45.00	43.80
Tangible Book Value	130.44	127.16	121.68	109.2	142.38	136.46
Tangible Book Value Per Share	30.16	29.48	28.31	25.41	40.91	39.41

Updated Jul 29, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q