Here are the 10-K annual reports from Finward Bancorp (FNWD) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow FNWD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FNWD filings page.
Finward Bancorp, parent of Peoples Bank in northwest Indiana and the Chicago suburbs, reports a traditional community‑bank model focused on real estate, commercial and consumer lending funded mainly by core deposits.
Total loans receivable were $1.45 billion at December 31, 2025, down modestly from 2024, with real estate loans comprising the bulk of the portfolio. Nonaccrual loans were $11.2 million, or 0.77% of total loans, while the allowance for credit losses was $17.5 million, equal to 1.21% of loans and about 156.8% of nonperforming loans.
The available‑for‑sale securities portfolio totaled $316.2 million, largely municipal and mortgage‑related securities, plus $6.5 million in FHLB stock. Average deposits were about $1.75 billion in 2025, and approximately $503 million of deposits were estimated to be uninsured as of year‑end.
Net interest margin improved to 3.00% on average interest‑earning assets of $1.89 billion. Return on average assets was 0.39% and return on average equity 5.10%, reflecting moderate profitability. Regulatory capital ratios significantly exceeded “well capitalized” thresholds, with a total risk‑based capital ratio of 13.09% and a Tier 1 leverage ratio of 8.93%.