Finward Bancorp (Finward Bancorp) Credit Losses Provision : $1.54 Mil (As of Mar. 2024)

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What is Finward Bancorp Credit Losses Provision?

Finward Bancorp's credit losses provision for the three months ended in Mar. 2024 was $0.00 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $1.54 Mil.

Finward Bancorp's quarterly credit losses provision increased from Sep. 2023 ($0.24 Mil) to Dec. 2023 ($0.78 Mil) but then declined from Dec. 2023 ($0.78 Mil) to Mar. 2024 ($0.00 Mil).

Finward Bancorp's annual credit losses provision declined from Dec. 2021 ($1.51 Mil) to Dec. 2022 ($0.00 Mil) but then increased from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($2.03 Mil).

Finward Bancorp Credit Losses Provision Historical Data

The historical data trend for Finward Bancorp's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Finward Bancorp Credit Losses Provision Chart

Finward Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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2.58

3.69

1.51

2.03

Finward Bancorp Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															0.49	0.51	0.24	0.78	-

Finward Bancorp Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.54 Mil.

Finward Bancorp (Finward Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Finward Bancorp (NAS:FNWD) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

9204 Columbia Avenue, Munster, IN, USA, 46321

Website

https://www.ibankpeoples.com

Finward Bancorp is a bank holding company, which engages in the provision of financial services. It offers products and services related to Personal Banking, Cash Management, Saving Account, ebanking, Wealth Management, and Insurance Services. It is primarily engaged in the business of attracting deposits from the general public and the origination of loans, mostly upon the security of single-family residences and commercial real estate, construction loans, commercial business loans, and municipal loans. Geographically, the activities are carried out through the United States.

Executives

David A Bochnowski	director, 10 percent owner, officer: Chief Executive Officer	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Peymon Torabi	officer: Senior Vice President	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Robert T Lowry	officer: Executive Vice President	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Amy Wong Han	director	1008 KILLARNEY DRIVE, DYER IN 46321
Benjamin J Bochnowski	officer: EVP	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Robert W. Youman	director	129 THATCHER AVE., RIVER FOREST IL 60305
James L Wieser	director	13304 LAKESHORE DRIVE, UNIT 202, CEDAR LAKE IN 46303
Johnson Robert E. Iii	director	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Todd M. Scheub	officer: Executive Vice President	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Leane English Cerven	officer: Vice President	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Danette Garza	director	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Jillonda Washington	officer: Senior Vice President	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Kleek Joshua Van	officer: Vice President	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Tanya A. Leetz	officer: Executive Vice President	9204 COLUMBIA AVENUE, MUNSTER IN 46321
Donald P Fesko	director	9204 COLUMBIA AVENUE, MUNSTER IN 46321