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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	104.18	65.48	86.01	31.28	29.28	16.02
Investment Securities	335.15	224.23	247.91	239.24	343.9	257.83
Trading Asset Securities	-	5.51	5.63	9.01	2.83	4.01
Mortgage-Backed Securities	-	109.33	123.46	134.12	184.7	154.74
Total Investments	335.15	339.06	377	382.36	531.43	416.58
Gross Loans	1,474	1,509	1,513	1,514	966.95	965.3
Allowance for Loan Losses	-17.98	-16.91	-18.77	-12.9	-13.34	-12.46
Other Adjustments to Gross Loans	-	-	-	-0.02	-0.23	-0.15
Net Loans	1,456	1,492	1,494	1,501	953.38	952.69
Property, Plant & Equipment	45.54	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	1.27	1.86	3.27	4.79	3.13	4.12
Loans Held for Sale	2.64	1.25	0.34	1.54	4.99	11.33
Accrued Interest Receivable	7.59	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	71.61	42.5	44.27	43.81	40.62	39.25
Total Assets	2,053	2,061	2,108	2,070	1,621	1,496
Accrued Expenses	33.16	35.38	20.36	14.45	12.66	18.77
Interest Bearing Deposits	1,470	1,356	1,381	1,322	1,102	1,014
Institutional Deposits	-	141.4	137.1	93.6	36.9	46.7
Non-Interest Bearing Deposits	280.3	263.32	295.59	359.09	295.29	241.62
Total Deposits	1,751	1,761	1,813	1,775	1,434	1,302
Short-Term Borrowings	103.43	110.6	123.72	144.48	17.27	17.5
Current Portion of Long-Term Debt	-	-	-	-	-	6
Other Long-Term Liabilities	-	2.74	3.44	-	-	-
Total Liabilities	1,887	1,909	1,961	1,934	1,464	1,345
Additional Paid-In Capital	70.23	70.03	69.56	69.03	30.43	29.99
Retained Earnings	144.53	139.46	129.4	131.66	121.91	111.26
Comprehensive Income & Other	-49.27	-58.08	-51.61	-64.3	4.28	10.44
Shareholders' Equity	165.5	151.41	147.35	136.39	156.62	151.69
Total Liabilities & Equity	2,053	2,061	2,108	2,070	1,621	1,496
Total Debt	103.43	110.6	123.72	144.48	17.27	23.5
Net Cash (Debt)	0.75	-39.61	-32.08	-101.73	16.55	-1.57
Net Cash Per Share	0.18	-9.27	-7.49	-24.26	4.76	-0.45
Filing Date Shares Outstanding	4.33	4.32	4.3	4.3	4.29	3.48
Total Common Shares Outstanding	4.33	4.31	4.3	4.3	3.48	3.46
Book Value Per Share	38.24	35.10	34.28	31.73	45.00	43.80
Tangible Book Value	141.83	127.16	121.68	109.2	142.38	136.46
Tangible Book Value Per Share	32.77	29.48	28.31	25.41	40.91	39.41

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q