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

Exhibit 99.2

NorthWest Indiana Bancorp

Consolidated Balance Sheets
(Dollars in Thousands)

			December 31,			December 31,
			2003			2002
			(unaudited)
Assets
Cash and cash equivalents			$	45,075		$	35,200
Available-for-sale securities				56,052			56,002
Held-to-maturity securities				1,542			569
Federal Home Loan Bank Stock				2,741			2,672
Loans held for sale				1,944			601
Loans receivable				405,428			380,428
Less: allowance for loan losses				(3,869	)		(3,635	)
	Net loans receivable			401,559			376,793
Premises and equipment				13,144			9,460
Foreclosed real estate				0			127
Other assets				5,425			6,578
		Total assets	$	527,482		$	488,002
Liabilities and Stockholders’ Equity
Deposits			$	441,057		$	406,673
Borrowed funds				41,293			36,065
Accrued expenses and other liabilities				4,205			6,116
		Total liabilities		486,555			448,854
Stockholders’ Equity				40,927			39,148
		Total liabilities and stockholders’ equity	$	527,482		$	488,002
Consolidated Statements of Income (Dollars in Thousands)
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
			(unaudited)						(unaudited)
				2003			2002			2003			2002
Total interest income			$	6,582		$	6,965		$	19,774		$	20,810
Total interest expense				1,782			2,484			5,752			7,715
Net interest income				4,800			4,481			14,022			13,095
Provision for loan losses				100			220			360			500
Net interest income after provision for loan losses				4,700			4,261			13,662			12,595
Total noninterest income				685			755			2,235			2,039
Total noninterest expenses				2,958			2,756			8,828			8,077
Income before income tax expenses				2,427			2,260			7,069			6,557
Income tax expenses				883			858			2,616			2,482
Net Income			$	1,544		$	1,402		$	4,453		$	4,075
Selected Financial Data
			Three Months Ended						Nine Months Ended
			September 30,						September 30,
				2003			2002			2003			2002
Basic earnings per share			$	0.56		$	0.51		$	1.62		$	1.49
Net interest margin				4.06	%		4.10	%		4.06	%		4.03	%
Return on average assets				1.23	%		1.22	%		1.22	%		1.19	%
Return on average equity				15.18	%		14.67	%		14.77	%		14.58	%
			At
			September 30,			September 30,
				2003			2002
Stockholders’ equity as a percent of total assets				7.76	%		8.22	%
Book value per share			$	14.88		$	14.06