2017 Q1 Form 10-Q Financial Statement

#000114420417023499 Filed on May 01, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q1
Revenue $8.115M
YoY Change 18.26%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $630.0K $620.0K
YoY Change 1.61% 14.81%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $580.0K
YoY Change 24.73%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.770M $2.872M
YoY Change -3.55% 18.29%
Income Tax $470.0K $628.0K
% Of Pretax Income 16.97% 21.87%
Net Earnings $2.300M $2.244M
YoY Change 2.5% 16.45%
Net Earnings / Revenue 27.65%
Basic Earnings Per Share $0.79
Diluted Earnings Per Share $804.2K $0.79
COMMON SHARES
Basic Shares Outstanding 2.863M shares 2.855M shares
Diluted Shares Outstanding 2.863M shares 2.856M shares

Balance Sheet

Concept 2017 Q1 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $15.78M $9.925M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $19.70M $19.00M
YoY Change 3.68% 9.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $899.2M $867.4M
YoY Change 3.67% 9.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $8.500M $14.10M
YoY Change -39.72% -18.97%
Deferred Revenue
YoY Change
Short-Term Debt $12.10M $16.80M
YoY Change -27.98% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $8.500M $14.10M
YoY Change -39.72% -18.97%
LONG-TERM LIABILITIES
Long-Term Debt $21.50M $33.90M
YoY Change -36.58% 4.95%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $21.50M $33.90M
YoY Change -36.58% 4.95%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.500M $14.10M
Total Long-Term Liabilities $21.50M $33.90M
Total Liabilities $812.8M $783.6M
YoY Change 3.73% 9.45%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $86.43M $83.80M
YoY Change
Total Liabilities & Shareholders Equity $899.2M $867.4M
YoY Change 3.67% 9.26%

Cashflow Statement

Concept 2017 Q1 2016 Q1
OPERATING ACTIVITIES
Net Income $2.300M $2.244M
YoY Change 2.5% 16.45%
Depreciation, Depletion And Amortization $630.0K $620.0K
YoY Change 1.61% 14.81%
Cash From Operating Activities $3.658M $6.670M
YoY Change -45.16% -4.58%
INVESTING ACTIVITIES
Capital Expenditures $732.0K $387.0K
YoY Change 89.15% 524.19%
Acquisitions
YoY Change
Other Investing Activities -$16.07M -$3.700M
YoY Change 334.32% -70.19%
Cash From Investing Activities -$16.80M -$4.080M
YoY Change 311.86% -67.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$16.18M -4.200M
YoY Change 285.21% -142.25%
NET CHANGE
Cash From Operating Activities $3.658M 6.670M
Cash From Investing Activities -$16.80M -4.080M
Cash From Financing Activities -$16.18M -4.200M
Net Change In Cash -$29.33M -1.610M
YoY Change 1721.43% -136.1%
FREE CASH FLOW
Cash From Operating Activities $3.658M $6.670M
Capital Expenditures $732.0K $387.0K
Free Cash Flow $2.926M $6.283M
YoY Change -53.43% -9.31%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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CY2016Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2017Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
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CY2016Q1 us-gaap Comprehensive Income Net Of Tax
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CY2017Q1 us-gaap Comprehensive Income Net Of Tax
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CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2017Q1 us-gaap Available For Sale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Less Than One Year
AvailableForSaleSecuritiesInUnrealizedLossPositionsQualitativeDisclosureNumberOfPositionsLessThanOneYear
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CY2017Q1 us-gaap Availableforsale Securities In Unrealized Loss Positions Qualitative Disclosure Number Of Positions Greater Than Or Equal To One Year
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CY2017Q1 us-gaap Loans And Leases Receivable Loans In Process
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CY2016Q4 us-gaap Loans And Leases Receivable Loans In Process
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CY2017Q1 us-gaap Financing Receivable Recorded Investment Current
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CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2017Q1 us-gaap Other Than Temporary Impairment Credit Losses Recognized In Earnings Additions No Previous Impairment
OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsAdditionsNoPreviousImpairment
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CY2016Q4 nwin Impaired Financing Receivable Fair Value
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CY2017Q1 nwin Impaired Financing Receivable Reserve
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CY2017Q1 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
15784000 USD
CY2017Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
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841000 USD
CY2017Q1 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2017Q1 dei Trading Symbol
TradingSymbol
NWIN
CY2017Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
2864732 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q1 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
21493000 USD
CY2017Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
37000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
15784000 USD
CY2017Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
850000 USD
CY2017Q1 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
581591000 USD
CY2017Q1 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
InvestmentInFederalHomeLoanBankStockFairValueDisclosure
3000000 USD
CY2017Q1 nwin Interest Receivable Fair Value
InterestReceivableFairValue
2895000 USD
CY2017Q1 nwin Demand And Saving Deposits Fair Value Disclosure
DemandAndSavingDepositsFairValueDisclosure
118137000 USD
CY2017Q1 nwin Certificates Of Deposits Fair Value Disclosure
CertificatesOfDepositsFairValueDisclosure
651603000 USD
CY2017Q1 us-gaap Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
12092000 USD
CY2017Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
21518000 USD
CY2017Q1 nwin Interest Payable Fair Value
InterestPayableFairValue
37000 USD
CY2016Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
45109000 USD
CY2016Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group Mortgage
LoansReceivableHeldForSaleNetNotPartOfDisposalGroupMortgage
2193000 USD
CY2016Q4 nwin Demand And Savings Deposits
DemandAndSavingsDeposits
111800000 USD
CY2016Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
25828000 USD
CY2016Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
41000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
45109000 USD
CY2016Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
2242000 USD
CY2016Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
568855000 USD
CY2016Q4 us-gaap Investment In Federal Home Loan Bank Stock Fair Value Disclosure
InvestmentInFederalHomeLoanBankStockFairValueDisclosure
3000000 USD
CY2016Q4 nwin Interest Receivable Fair Value
InterestReceivableFairValue
3086000 USD
CY2016Q4 nwin Demand And Saving Deposits Fair Value Disclosure
DemandAndSavingDepositsFairValueDisclosure
111800000 USD
CY2016Q4 nwin Certificates Of Deposits Fair Value Disclosure
CertificatesOfDepositsFairValueDisclosure
667227000 USD
CY2016Q4 us-gaap Securities Loaned Or Sold Under Agreements To Repurchase Fair Value Disclosure
SecuritiesLoanedOrSoldUnderAgreementsToRepurchaseFairValueDisclosure
13995000 USD
CY2016Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
25840000 USD
CY2016Q4 nwin Interest Payable Fair Value
InterestPayableFairValue
41000 USD
CY2017Q1 dei Document Type
DocumentType
10-Q
CY2017Q1 dei Amendment Flag
AmendmentFlag
false
CY2017Q1 dei Document Period End Date
DocumentPeriodEndDate
2017-03-31
CY2017Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2017
CY2017Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2017Q1 dei Entity Registrant Name
EntityRegistrantName
NORTHWEST INDIANA BANCORP
CY2017Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000919864
CY2017Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2016Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
10000000 shares
CY2017Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2920770 shares
CY2016Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
2916195 shares
CY2017Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2864732 shares
CY2016Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2860157 shares
CY2017Q1 us-gaap Basis Of Accounting
BasisOfAccounting
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> <b>Note 1 - Basis of Presentation</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> The consolidated financial statements include the accounts of NorthWest Indiana Bancorp (the &#8220;Bancorp&#8221;), its wholly-owned subsidiaries NWIN Risk Management, Inc. (a captive insurance subsidiary) and Peoples Bank SB (the &#8220;Bank&#8221;), and the Bank&#8217;s wholly-owned subsidiaries, Peoples Service Corporation, NWIN, LLC, NWIN Funding, Incorporated, and Columbia Development Company, LLC. The Bancorp&#8217;s business activities include being a holding company for the Bank as well as a holding company for NWIN Risk Management, Inc. The Bancorp&#8217;s earnings are primarily dependent upon the earnings of the Bank. The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include all disclosures required by U.S. generally accepted accounting principles for complete presentation of consolidated financial statements.&#160;In the opinion of management, the consolidated financial statements contain all adjustments necessary to present fairly the consolidated balance sheets of the Bancorp as of <font style="FONT-SIZE: 10pt">March 31, 2017 and December 31, 2016, and the consolidated statements of income, comprehensive income, changes in stockholders&#8217; equity, and cash flows for the three months ended March 31, 2017 and 2016.</font> The income reported for the three month period ended March 31, 2017 is not necessarily indicative of the results to be expected for the full year.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
234000 USD
CY2016Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
296000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
6953000 USD
CY2017Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
1108000 USD
CY2016Q1 us-gaap Allowance For Loan And Lease Losses Write Offs
AllowanceForLoanAndLeaseLossesWriteOffs
53000 USD
CY2017Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
10000 USD
CY2016Q1 us-gaap Allowance For Loan And Lease Loss Recovery Of Bad Debts
AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
12000 USD
CY2016Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
7208000 USD
CY2017Q1 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
196000 USD
CY2017Q1 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
6638000 USD
CY2017Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
1623000 USD
CY2017Q1 nwin Financing Receivable Purchased Credit Impaired Individually Evaluated For Impairment
FinancingReceivablePurchasedCreditImpairedIndividuallyEvaluatedForImpairment
847000 USD
CY2017Q1 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
593630000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
1236000 USD
CY2016Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
6462000 USD
CY2016Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2562000 USD
CY2016Q4 nwin Financing Receivable Purchased Credit Impaired Individually Evaluated For Impairment
FinancingReceivablePurchasedCreditImpairedIndividuallyEvaluatedForImpairment
956000 USD
CY2016Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
580132000 USD
CY2016Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
750 shares
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47000 USD
CY2016Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
30000 USD
CY2017Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
139 shares
CY2017Q1 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0in; MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> <b>Note 10 - Adoption of New Accounting Standards</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2014-09, <i>Revenue from Contracts with Customers (Topic 606)</i>, which will supersede the current revenue recognition requirements in Topic 605, Revenue Recognition. The ASU is based on the principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The new guidance will be effective for the Bancorp's year ending December 31, 2018. The ASU permits application of the new revenue recognition guidance to be applied using one of two retrospective application methods. The Bancorp has not yet determined which application method it will use. Interest income is outside of the scope of the new standard and will not be impacted by the adoption of the standard. The Bancorp is still evaluating the impact of the new standard on its noninterest income.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> In January 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-01, <i> Recognition and Measurement of Financial Assets and Financial Liabilities</i>. The ASU covers various changes to the accounting, measurement, and disclosures related to certain financial instruments, including requiring equity investments to be accounted for at fair value with changes recorded through earnings, the use of the exit price when measuring fair value, and disaggregation of financial assets and liabilities by category for disclosure purposes. The new guidance will be effective for the Bancorp's year ending December 31, 2018. Early adoption is permitted as early as periods ending after December 31, 2017 with some additional options for early application. The Bancorp does not believe adopting the provisions of ASU No. 2016-01 in the future will have a material impact on the consolidated financial statements. The Bancorp has not yet quantified the impact of the change.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> In February 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-02, <i>Lease</i>s, which will supersede the current lease requirements in ASC 840. The ASU requires lessees to recognize a right-of-use asset and related lease liability for all leases, with a limited exception for short-term leases. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the statement of operations. Currently, leases are classified as either capital or operating, with only capital leases recognized on the balance sheet.&#160;The reporting of lease-related expenses in the statements of operations and cash flows will be generally consistent with the current guidance. The new lease guidance will be effective for the Bancorp's year ending December 31, 2019 and will be applied using a modified retrospective transition method to the beginning of the earliest period presented. Management does not believe the adoption of this update will have a material effect on the Bancorp&#8217;s consolidated financial statements.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> &#160;</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.25in; MARGIN: 0pt 0px; FONT: 10pt Arial, Helvetica, Sans-Serif"> In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-13, <i>Financial Instruments - Credit Losses: Measurement of Credit Losses on Financial Instruments</i>. The ASU includes increased disclosures and various changes to the accounting and measurement of financial assets including the Bancorp&#8217;s loans and available-for-sale and held-to-maturity debt securities. Each financial asset presented on the balance sheet would have a unique allowance for credit losses valuation account that is deducted from the amortized cost basis to present the net carrying value at the amount expected to be collected on the financial asset. The amendments in this ASU also eliminate the probable initial recognition threshold in current GAAP and instead, reflect an entity&#8217;s current estimate of all expected credit losses using reasonable and supportable forecasts. The new credit loss guidance will be effective for the Bancorp's year ending December 31, 2020. Upon adoption, the ASU will be applied using a modified retrospective transition method to the beginning of the first reporting period in which the guidance is effective. A prospective transition approach is required for debt securities for which an other-than-temporary impairment had been recognized before the effective date.&#160;Early adoption for all institutions is permitted for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Management is in the process of evaluating the impact adoption of this update will have on the Bancorp&#8217;s consolidated financial statements.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
250000 shares
CY2017Q1 nwin Sharebased Compensation Expense Estimated For Remainder Of Fiscal Year
SharebasedCompensationExpenseEstimatedForRemainderOfFiscalYear
156000 USD
CY2017Q1 nwin Sharebased Compensation Expense Estimated For Year Two
SharebasedCompensationExpenseEstimatedForYearTwo
150000 USD
CY2017Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
4575 shares
CY2016Q1 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
5240 shares
CY2017Q1 nwin Minimum Percentage Of Defaults Rates On Above3 Years Issuer Average In Other Than Temporary Impairment Model Assumptions
MinimumPercentageOfDefaultsRatesOnAbove3YearsIssuerAverageInOtherThanTemporaryImpairmentModelAssumptions
0.0025 pure
CY2017Q1 nwin Maximum Percentage Of Defaults Rates On Above3 Years Issuer Average In Other Than Temporary Impairment Model Assumptions
MaximumPercentageOfDefaultsRatesOnAbove3YearsIssuerAverageInOtherThanTemporaryImpairmentModelAssumptions
0.0500 pure
CY2017Q1 nwin Minimum Percentage Of Recovery Assumptions On Other Than Temporary Impairment Model Assumptions
MinimumPercentageOfRecoveryAssumptionsOnOtherThanTemporaryImpairmentModelAssumptions
0 pure
CY2017Q1 nwin Maximum Percentage Of Recovery Assumptions On Other Than Temporary Impairment Model Assumptions
MaximumPercentageOfRecoveryAssumptionsOnOtherThanTemporaryImpairmentModelAssumptions
0.15 pure

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