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

Exhibit 99.2

NorthWest Indiana Bancorp

Consolidated Balance Sheets
(Dollars in Thousands)

			June 30,			December 31,
			2003			2002
			(unaudited)
Assets
Cash and cash equivalents			$	29,643		$	35,200
Available-for-sale securities				53,672			56,002
Held-to-maturity securities				269			569
Federal Home Loan Bank Stock				2,707			2,672
Loans held for sale				614			601
Loans receivable				395,902			380,428
Less: allowance for loan losses				(3,803	)		(3,635	)
	Net loans receivable			392,099			376,793
Premises and equipment				11,673			9,460
Foreclosed real estate				700			127
Other assets				5,166			6,578
		Total assets	$	496,543		$	488,002
Liabilities and Stockholders’ Equity
Deposits			$	412,260		$	406,673
Borrowed funds				39,609			36,065
Accrued expenses and other liabilities				4,282			6,116
		Total liabilities		456,151			448,854
Stockholders’ Equity				40,392			39,148
		Total liabilities and stockholders’ equity	$	496,543		$	488,002

Consolidated Statements of Income
(Dollars in Thousands)

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	(unaudited)				(unaudited)
	2003		2002		2003		2002
Total interest income	$	6,555	$	6,993	$	13,192	$	13,845
Total interest expense		1,936		2,573		3,970		5,231
Net interest income		4,619		4,420		9,222		8,614
Provision for loan losses		140		150		260		280
Net interest income after provision for loan losses		4,479		4,270		8,962		8,334
Total noninterest income		806		657		1,550		1,293
Total noninterest expenses		2,947		2,728		5,870		5,330
Income before income tax expenses		2,338		2,199		4,642		4,297
Income tax expenses		872		832		1,733		1,624
Net Income	$	1,466	$	1,367	$	2,909	$	2,673

Selected Financial Data

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2003			2002			2003			2002
Basic earnings per share	$	0.53		$	0.50		$	1.06		$	0.98
Net interest margin		4.04	%		3.99	%		4.06	%		3.99	%
Return on average assets		1.21	%		1.17	%		1.22	%		1.18	%
Return on average equity		14.58	%		14.75	%		14.56	%		14.54	%

	At
	June 30,			June 30,
	2003			2002
Stockholders’ equity as a percent of total assets		8.13	%		8.14	%
Book value per share	$	14.72		$	13.71