Finward Bancorp (FNWD) 8-K Northwest Indiana Bancorp Reports Quarterly Earnings

Exhibit 99.2

NorthWest Indiana Bancorp
Consolidated Balance Sheets
(Dollars in Thousands)

			March 31,			December 31,
			2003			2002
Assets
Cash and cash equivalents			$	24,664		$	35,200
Available-for-sale securities				57,047			56,002
Held-to-maturity securities				567			569
Federal Home Loan Bank Stock				2,672			2,672
Loans held for sale				644			601
Loans receivable				387,130			380,428
Less: allowance for loan losses				(3,744	)		(3,635	)
	Net loans receivable			383,386			376,793
Premises and equipment				10,442			9,460
Foreclosed real estate				0			127
Other assets				5,179			6,578
		Total assets\	$	484,601		$	488,002
Liabilities and Stockholders’ Equity
Deposits			$	403,335		$	406,673
Borrowed funds				36,857			36,065
Accrued expenses and other liabilities				4,771			6,116
		Total liabilities		444,963			448,854
Stockholders’ Equity				39,638			39,148
		Total liabilities and stockholders’ equity	$	484,601		$	488,002

Consolidated Statements of Income
(Dollars in Thousands)

	Three Months Ended
	March 31,
	2003		2002
Total interest income	$	6,637	$	6,852
Total interest expense		2,034		2,658
Net interest income		4,603		4,194
Provision for loan losses		120		130
Net interest income after provision for loan losses		4,483		4,064
Total noninterest income		744		636
Total noninterest expenses		2,923		2,602
Income before income tax expenses		2,304		2,098
Income tax expenses		861		792
Net Income	$	1,443	$	1,306

Selected Financial Data

	Three Months Ended
	March 31,
	2003			2002
Basic earnings per share	$	0.53		$	0.48
Net interest margin		4.08	%		3.99	%
Return on average assets		1.22	%		1.18	%
Return on average equity		14.57	%		14.39	%

	At
	March 31,				March 31,
	2003				2002
Stockholders’ equity as a percent of total assets			8.18	%		8.05	%
Book value per share		$	14.46		$	13.25