##### Table of Contents



SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549
 FORM 10-Q
  þ
    
    Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
 For the quarterly period ended June 30, 2009,
 or
 o
    
    Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
 For the transition period from  to
 Commission File Number: 0-26128
 NorthWest Indiana Bancorp
  Indiana
    
    35-1927981(State or other jurisdiction of incorporation
    
    (I.R.S. Employeror organization)
    
    Identification Number)9204 Columbia AvenueMunster, Indiana
    
    46321(Address of principal executive offices)
    
    (ZIP code)
 219) 836-4400
 þ o
 o o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o(Do not check if a smaller reporting company)
    
    Smaller reporting company þ
 o þ




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##### 



NorthWest Indiana Bancorp  Index
 PageNumberPART I. Financial InformationItem 1. Unaudited Financial StatementsConsolidated Balance Sheets, June 30, 2009 and December 31, 2008
    
    
    1Consolidated Statements of Income, Three and Six Months Ended
June 30, 2009 and 2008
    
    
    2Consolidated Statements of Changes in Stockholders Equity, Three and Six
Months Ended June 30, 2009 and 2008
    
    
    3Consolidated Statements of Cash Flows, Six Months
Ended June 30, 2009 and 2008
    
    
    4Notes to Consolidated Financial Statements
    
    
    5-10Item 2. Managements Discussion and Analysis of Financial Condition and
Results of Operations
    
    
    11-21Item 3. Quantitative and Qualitative Disclosures About Market Risk
    
    
    21Item 4T. Controls and Procedures
    
    
    21PART II. Other Information
    
    
    22SIGNATURES
    
    
    23EXHIBITS
    
    
    24-2631.1 Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer31.2 Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer32.1 Section 1350 CertificationsEX-31.1EX-31.2EX-32.1




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##### Table of Contents



June 30,2009
    
    
    December 31,(Dollars in thousands)
    
    (unaudited)
    
    
    2008ASSETSCash and non-interest bearing balances in financial institutions
    
    $
    16,337
    
    
    $
    10,005Interest bearing balances in financial institutions
    
    
    1,194
    
    
    
    Federal funds sold
    
    
    1,201
    
    
    
    1,291Total cash and cash equivalents
    
    
    18,732
    
    
    
    11,296Securities available-for-sale
    
    
    126,459
    
    
    
    108,207Securities held-to-maturity
    
    
    18,233
    
    
    
    18,515Loans held for sale
    
    
    1,309
    
    
    
    Loans receivable
    
    
    460,861
    
    
    
    489,509Less: allowance for loan losses
    
    
    (6,692
    )
    
    
    (5,830
    )Net loans receivable
    
    
    454,169
    
    
    
    483,679Federal Home Loan Bank stock
    
    
    3,650
    
    
    
    3,650Accrued interest receivable
    
    
    3,040
    
    
    
    3,160Premises and equipment
    
    
    19,467
    
    
    
    19,083Foreclosed real estate
    
    
    1,646
    
    
    
    527Cash value of bank owned life insurance
    
    
    11,850
    
    
    
    11,641Other assets
    
    
    5,401
    
    
    
    4,974Total assets
    
    $
    663,956
    
    
    $
    664,732LIABILITIES AND STOCKHOLDERS EQUITYDeposits:Non-interest bearing
    
    $
    46,221
    
    
    $
    43,367Interest bearing
    
    
    483,775
    
    
    
    484,781Total
    
    
    529,996
    
    
    
    528,148Borrowed funds
    
    
    75,205
    
    
    
    74,795Accrued expenses and other liabilities
    
    
    5,481
    
    
    
    9,016Total liabilities
    
    
    610,682
    
    
    
    611,959Stockholders Equity:Preferred stock, no par or stated value;10,000,000 shares authorized, none outstanding
    
    
    
    
    
    
    Common stock, no par or stated value; 10,000,000 shares authorized;shares issued: June 30, 2009 - 2,889,652December 31, 2008 - 2,887,452
    
    
    361
    
    
    
    361shares outstanding: June 30, 2009 - 2,813,802December 31, 2008 - 2,809,075Additional paid in capital
    
    
    5,085
    
    
    
    5,064Accumulated other comprehensive income/(loss)
    
    
    (1,626
    )
    
    
    (1,289
    )Retained earnings
    
    
    51,115
    
    
    
    50,365Treasury stock, common shares at cost: June 30, 2009 - 75,850
December 31, 2008 - 78,377
    
    
    (1,661
    )
    
    
    (1,728
    )Total stockholders equity
    
    
    53,274
    
    
    
    52,773Total liabilities and stockholders equity
    
    $
    663,956
    
    
    $
    664,732
  1




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Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,(Dollars in thousands, except per share data)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Interest income:Loans receivableReal estate loans
    
    $
    5,611
    
    
    $
    6,372
    
    
    $
    11,533
    
    
    $
    12,719Commercial loans
    
    
    916
    
    
    
    959
    
    
    
    1,813
    
    
    
    1,998Consumer loans
    
    
    31
    
    
    
    38
    
    
    
    64
    
    
    
    78Total loan interest
    
    
    6,557
    
    
    
    7,369
    
    
    
    13,410
    
    
    
    14,795Securities
    
    
    1,512
    
    
    
    1,387
    
    
    
    3,095
    
    
    
    2,761Other interest earning assets
    
    
    5
    
    
    
    17
    
    
    
    10
    
    
    
    46Total interest income
    
    
    8,074
    
    
    
    8,773
    
    
    
    16,515
    
    
    
    17,602Interest expense:Deposits
    
    
    1,885
    
    
    
    2,604
    
    
    
    4,051
    
    
    
    5,890Borrowed funds
    
    
    461
    
    
    
    549
    
    
    
    947
    
    
    
    1,131Total interest expense
    
    
    2,346
    
    
    
    3,153
    
    
    
    4,998
    
    
    
    7,021Net interest income
    
    
    5,728
    
    
    
    5,620
    
    
    
    11,517
    
    
    
    10,581Provision for loan losses
    
    
    1,115
    
    
    
    820
    
    
    
    1,815
    
    
    
    950Net interest income after provision for loan losses
    
    
    4,613
    
    
    
    4,800
    
    
    
    9,702
    
    
    
    9,631Noninterest income:Fees and service charges
    
    
    671
    
    
    
    707
    
    
    
    1,310
    
    
    
    1,403Gain on sale of loans, net
    
    
    299
    
    
    
    31
    
    
    
    865
    
    
    
    70Wealth management operations
    
    
    205
    
    
    
    208
    
    
    
    402
    
    
    
    417Gain on securities, net
    
    
    204
    
    
    
    30
    
    
    
    344
    
    
    
    146Increase in cash value of bank owned life
insurance
    
    
    104
    
    
    
    102
    
    
    
    208
    
    
    
    205Gain/(loss) on foreclosed real estate
    
    
    6
    
    
    
    
    
    
    
    (31
    )
    
    
    19Other
    
    
    7
    
    
    
    104
    
    
    
    11
    
    
    
    120Total noninterest income
    
    
    1,496
    
    
    
    1,182
    
    
    
    3,109
    
    
    
    2,380Noninterest expense:Compensation and benefits
    
    
    2,245
    
    
    
    2,153
    
    
    
    4,610
    
    
    
    4,334Occupancy and equipment
    
    
    750
    
    
    
    719
    
    
    
    1,533
    
    
    
    1,415Federal deposit insurance premiums
    
    
    553
    
    
    
    15
    
    
    
    740
    
    
    
    30Data processing
    
    
    215
    
    
    
    216
    
    
    
    430
    
    
    
    428Marketing
    
    
    147
    
    
    
    115
    
    
    
    214
    
    
    
    219Other
    
    
    1,042
    
    
    
    929
    
    
    
    1,973
    
    
    
    1,788Total noninterest expense
    
    
    4,952
    
    
    
    4,147
    
    
    
    9,500
    
    
    
    8,214Income before income tax expenses
    
    
    1,157
    
    
    
    1,835
    
    
    
    3,311
    
    
    
    3,797Income tax expenses
    
    
    104
    
    
    
    390
    
    
    
    553
    
    
    
    704Net income
    
    $
    1,053
    
    
    $
    1,445
    
    
    $
    2,758
    
    
    $
    3,093Earnings per common share:Basic
    
    $
    0.37
    
    
    $
    0.51
    
    
    $
    0.98
    
    
    $
    1.10Diluted
    
    $
    0.37
    
    
    $
    0.51
    
    
    $
    0.98
    
    
    $
    1.09Dividends declared per common share
    
    $
    0.32
    
    
    $
    0.36
    
    
    $
    0.68
    
    
    $
    0.72
  2




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Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,(Dollars in thousands)
    
    2009
    
    
    2008
    
    
    2009
    
    
    2008Balance at beginning of period
    
    $
    53,173
    
    
    $
    54,241
    
    
    $
    52,773
    
    
    $
    52,733Comprehensive income:Net income
    
    
    1,053
    
    
    
    1,445
    
    
    
    2,758
    
    
    
    3,093Net unrealized loss on securities
available-for-sale, net of reclassifications and tax effects
    
    
    (86
    )
    
    
    (2,242
    )
    
    
    (333
    )
    
    
    (1,434
    )Amortization of unrecognized gain
    
    
    (2
    )
    
    
    (3
    )
    
    
    (4
    )
    
    
    (7
    )Comprehensive income/(loss)
    
    
    965
    
    
    
    -800
    
    
    
    2,421
    
    
    
    1,652Issuance of common stock,
under stock based compensation plan, including tax effects
    
    
    
    
    
    
    3
    
    
    
    4
    
    
    
    41Stock based compensation expense
    
    
    9
    
    
    
    14
    
    
    
    23
    
    
    
    31Sale of treasury stock
    
    
    48
    
    
    
    50
    
    
    
    48
    
    
    
    64Stock repurchase
    
    
    
    
    
    
    (226
    )
    
    
    
    
    
    
    (226
    )Adjustment to retained earnings for EITF 06-4
    
    
    (21
    )
    
    
    (20
    )
    
    
    (84
    )
    
    
    (20
    )Cash dividends
    
    
    (900
    )
    
    
    (1,009
    )
    
    
    (1,911
    )
    
    
    (2,022
    )Balance at end of period
    
    $
    53,274
    
    
    $
    52,253
    
    
    $
    53,274
    
    
    $
    52,253
  3




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Six Months EndedJune 30,(Dollars in thousands)
    
    2009
    
    
    2008CASH FLOWS FROM OPERATING ACTIVITIES:Net income
    
    $
    2,758
    
    
    $
    3,093Adjustments to reconcile net income to net cash provided by operating activities:Origination of loans for sale
    
    
    (36,916
    )
    
    
    (2,891
    )Sale of loans originated for sale
    
    
    36,188
    
    
    
    2,927Depreciation and amortization, net of accretion
    
    
    694
    
    
    
    780Amortization of mortgage servicing rights
    
    
    74
    
    
    
    37Amortization of investment in real estate limited partnerships
    
    
    95
    
    
    
    16Equity in (gain)/loss of investment in limited partnership,net of interest received
    
    
    6
    
    
    
    52Stock based compensation expense
    
    
    23
    
    
    
    31Net gains on sales and calls of securities
    
    
    (344
    )
    
    
    (146
    )Net gains on sale of loans
    
    
    (865
    )
    
    
    (70
    )Net (gains)/losses on foreclosed real estate
    
    
    31
    
    
    
    (19
    )Provision for loan losses
    
    
    1,815
    
    
    
    950Net change in:Interest receivable
    
    
    120
    
    
    
    226Other assets
    
    
    (313
    )
    
    
    (255
    )Cash value of bank owned life insurance
    
    
    (208
    )
    
    
    (205
    )Accrued expenses and other liabilities
    
    
    (3,619
    )
    
    
    (780
    )Total adjustments
    
    
    (3,219
    )
    
    
    653Net cash from operating activities
    
    
    (461
    )
    
    
    3,746CASH FLOWS FROM INVESTING ACTIVITIES:Proceeds from maturities and pay downs of securities available-for-sale
    
    
    11,771
    
    
    
    20,704Proceeds from sales of securities available-for-sale
    
    
    7,575
    
    
    
    1,494Purchase of securities available-for-sale
    
    
    (37,667
    )
    
    
    (28,461
    )Purchase of securities held-to-maturity
    
    
    (725
    )
    
    
    (1,762
    )Proceeds from maturities and pay downs of securities held-to-maturity
    
    
    992
    
    
    
    1,171Proceeds from loans transferred to held-for-sale
    
    
    (10,493
    )
    
    
    Proceeds from sale of loans transferred to held-for-sale
    
    
    10,651
    
    
    
    Loan participations purchased
    
    
    
    
    
    
    (200
    )Net change in loans receivable
    
    
    26,545
    
    
    
    (18,467
    )Purchase of premises and equipment, net
    
    
    (1,151
    )
    
    
    (1,361
    )Net cash from investing activities
    
    
    7,498
    
    
    
    (26,882
    )CASH FLOWS FROM FINANCING ACTIVITIES:Change in deposits
    
    
    1,848
    
    
    
    17,765Proceeds from FHLB advances
    
    
    
    
    
    
    28,000Repayment of FHLB advances
    
    
    6,000
    
    
    
    (16,000
    )Change in other borrowed funds
    
    
    (5,590
    )
    
    
    (4,331
    )Proceeds from issuance of common stock
    
    
    4
    
    
    
    41Proceeds from sale of treasury stock
    
    
    48
    
    
    
    64Dividends paid
    
    
    (1,911
    )
    
    
    (2,023
    )Treasury stock purchased
    
    
    
    
    
    
    (226
    )Net cash from financing activities
    
    
    399
    
    
    
    23,290Net change in cash and cash equivalents
    
    
    7,436
    
    
    
    154Cash and cash equivalents at beginning of period
    
    
    11,296
    
    
    
    12,111Cash and cash equivalents at end of period
    
    $
    18,732
    
    
    $
    12,265SUPPLEMENTAL CASH FLOW INFORMATION:Cash paid during the period for:Interest
    
    $
    5,037
    
    
    $
    7,458Income taxes
    
    $
    800
    
    
    $
    690SUPPLEMENTAL NONCASH INFORMATION:Transfers from loans to foreclosed real estate
    
    $
    1,177
    
    
    $
    463
  4




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NorthWest Indiana Bancorp
 
 Notes to Consolidated Financial Statements
 Note 1  Basis of Presentation
  Note 2  Use of Estimates
  Note 3  Loans Receivable
  (Dollars in thousands)6/30/2009
    
    12/31/2008Loans past due over 90 days still on accrual
    
    $
    2,020
    
    
    $
    1,476Non-accrual loans
    
    
    21,974
    
    
    
    10,937
  (Dollars in thousands)6/30/2009
    
    
    12/31/2008Period-end loans with no allocated
allowance for loan losses
    
    $
    6,479
    
    
    $
    1,748Period-end loans with allocated
allowance for loan losses
    
    
    12,470
    
    
    
    6,819Total
    
    $
    18,949
    
    
    $
    8,567Amount of the allowance for
loan losses allocated
    
    $
    2,889
    
    
    $
    1,683Average of impaired loans
during the period
    
    $
    10,765
    
    
    $
    7,393Interest income recognized
during impairment
    
    
    
    
    
    
    Cash-basis interest income
recognized
    
    
    
    
    
    
    
 Note 4  Concentrations of Credit Risk
  5




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Note 5  Earnings Per Share
  (Dollars in thousands, except per share data)Three Months Ended
    
    
    Six Months EndedJune 30,
    
    
    June 30,2009
    
    
    2008
    
    
    2009
    
    
    2008Basic earnings per common share:Net income as reported
    
    $
    1,053
    
    
    $
    1,445
    
    
    $
    2,758
    
    
    $
    3,093Weighted average common shares outstanding:
    
    
    2,813,143
    
    
    
    2,810,431
    
    
    
    2,811,217
    
    
    
    2,810,326Basic earnings per common share:
    
    $
    0.37
    
    
    $
    0.51
    
    
    $
    0.98
    
    
    $
    1.10Diluted earnings per common share:Net income as reported
    
    $
    1,053
    
    
    $
    1,445
    
    
    $
    2,758
    
    
    $
    3,093Weighted average common shares outstanding:
    
    
    2,813,143
    
    
    
    2,810,431
    
    
    
    2,811,217
    
    
    
    2,810,326Add: Dilutive effect of assumed stock
option exercises:
    
    
    
    
    
    
    16,920
    
    
    
    240
    
    
    
    16,752Weighted average common and dilutive
potential common shares outstanding:
    
    
    2,813,143
    
    
    
    2,827,351
    
    
    
    2,811,457
    
    
    
    2,827,078Diluted earnings per common share:
    
    $
    0.37
    
    
    $
    0.51
    
    
    $
    0.98
    
    
    $
    1.09
 Note 6  Stock Based Compensation
    Weighted-Weighted-
    
    
    AverageAverage
    
    
    Remaining
    
    
    AggregateExercise
    
    
    Contractual
    
    
    IntrinsicOptions
    
    Shares
    
    
    Price
    
    
    Term
    
    
    ValueOutstanding at January 1, 2009
    
    
    70,597
    
    
    $
    23.56Granted
    
    
    
    
    
    $
    Exercised
    
    
    (200
    )
    
    $
    20.50Forfeited or expired
    
    
    (750
    )
    
    $
    27.15Outstanding at June 30, 2009
    
    
    69,647
    
    
    $
    23.53
    
    
    
    2.6
    
    
    
    Exercisable at June 30, 2009
    
    
    68,647
    
    
    $
    23.45
    
    
    
    2.5
    
    
    
    
  6




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Note 7  Adoption of New Accounting Standards
       7




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Note 8  Fair Value
  Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets
that the entity has the ability to access as of the measurement date.
 Level 2: Significant other observable inputs other than Level 1 prices such as quoted
prices for similar assets or liabilities; quoted prices in markets that are not active; or
other inputs that are observable or can be corroborated by observable market data.
 Level 3: Significant unobservable inputs that reflect a reporting entitys own assumptions
about the assumptions that market participants would use in pricing and asset or liability.
    8




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Assets and Liabilities Measured on a Recurring Basis
  Fair Value Measurements at June 30, 2009 UsingQuoted Prices inActive Markets for
    
    Significant Other
    
    SignificantIdentical Assets
    
    Observable Inputs
    
    Unobservable Inputs( in 000s)
    
    30-Jun-09
    
    (Level 1)
    
    (Level 2)
    
    (Level 3)Assets:Available for sale securities
    
    $
    126,459
    
    
    $
    
    
    
    $
    125,623
    
    
    $
    836
  Fair Value Measurements atJune 30, 2009 UsingSignificant UnobservableInputs(Level 3)Available for( in 000s)
    
    sale securitiesBeginning balance, December 31, 2008
    
    $
    1,003Total unrealized lossesIncluded in other comprehensive income
    
    
    (617
    )Transfers in and/or (out) of Level 3
    
    
    450Ending balance, June 30, 2009
    
    $
    836
  Fair Value Measurements at June 30, 2009 UsingQuoted Prices inActive Markets for
    
    Significant Other
    
    SignificantIdentical Assets
    
    Observable Inputs
    
    Unobservable Inputs( in 000s)
    
    30-Jun-09
    
    (Level 1)
    
    (Level 2)
    
    (Level 3)Assets:Impaired loans
    
    $
    9,719
    
    
    $
    
    
    
    $
    7,295
    
    
    $
    2,424
  9




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##### Table of Contents



(Dollars in thousands)June 30, 2009Carrying
    
    EstimatedValue
    
    Fair ValueFinancial assets:Cash and cash equivalents
    
    $
    18,732
    
    
    $
    18,732Securities available-for-sale
    
    
    126,459
    
    
    
    126,459Securities held-to-maturity
    
    
    18,233
    
    
    
    18,240Loans receivable, net
    
    
    454,169
    
    
    
    497,634Federal Home Loan Bank stock
    
    
    3,650
    
    
    
    3,650Accrued interest receivable
    
    
    3,064
    
    
    
    3,064Financial liabilities:Demand and savings deposits
    
    
    291,614
    
    
    
    291,614Certificates of deposit
    
    
    238,382
    
    
    
    239,745Borrowed funds
    
    
    75,205
    
    
    
    75,089Accrued interest payable
    
    
    216
    
    
    
    216
 (Dollars in thousands)December 31, 2008Carrying
    
    EstimatedValue
    
    Fair ValueFinancial assets:Cash and cash equivalents
    
    $
    11,296
    
    
    $
    11,296Securities available-for-sale
    
    
    108,207
    
    
    
    108,207Securities held-to-maturity
    
    
    18,515
    
    
    
    18,385Loans receivable, net
    
    
    483,679
    
    
    
    533,377Federal Home Loan Bank stock
    
    
    3,650
    
    
    
    3,650Accrued interest receivable
    
    
    3,160
    
    
    
    3,160Financial liabilities:Demand and savings deposits
    
    
    297,076
    
    
    
    297,076Certificates of deposit
    
    
    231,072
    
    
    
    232,926Borrowed funds
    
    
    74,795
    
    
    
    75,166Accrued interest payable
    
    
    256
    
    
    
    256
  10




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Item 2.
    
    Managements Discussion and Analysis of Financial Condition and Results of
Operations
 Summary
   Recent Developments
      11




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Financial Condition
       12




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13




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14




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Liquidity and Capital Resources
    15




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Required for
    
    To be wellActual
    
    adequate capital
    
    capitalizedAt June 30, 2009
    
    Amount Ratio
    
    Amount Ratio
    
    Amount RatioTotal capital to risk-weighted assets
    
    $
    61.6
    
    
    
    11.4
    %
    
    $
    43.4
    
    
    
    8.0
    %
    
    $
    54.2
    
    
    
    10.0
    %Tier 1 capital to risk-weighted assets
    
    $
    54.9
    
    
    
    10.1
    %
    
    $
    21.7
    
    
    
    4.0
    %
    
    $
    32.5
    
    
    
    6.0
    %Tier 1 capital to adjusted average
assets
    
    $
    54.9
    
    
    
    8.2
    %
    
    $
    20.2
    
    
    
    3.0
    %
    
    $
    33.6
    
    
    
    5.0
    %
 Required for
    
    To be wellActual
    
    adequate capital
    
    capitalizedAt December 31, 2008
    
    Amount Ratio
    
    Amount Ratio
    
    Amount RatioTotal capital to risk-weighted assets
    
    $
    59.9
    
    
    
    12.0
    %
    
    $
    39.9
    
    
    
    8.0
    %
    
    $
    50.0
    
    
    
    10.0
    %Tier 1 capital to risk-weighted assets
    
    $
    54.1
    
    
    
    10.8
    %
    
    $
    20.0
    
    
    
    4.0
    %
    
    $
    29.9
    
    
    
    6.0
    %Tier 1 capital to adjusted average
assets
    
    $
    54.1
    
    
    
    8.2
    %
    
    $
    20.0
    
    
    
    3.0
    %
    
    $
    33.1
    
    
    
    5.0
    %
  Results of Operations  Comparison of the Quarter Ended June 30, 2009 to the Quarter Ended
June 30, 2008
    17




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Results of Operations  Comparison of the Six Months Ended June 30, 2009 to the Six Months
Ended June 30, 2008
     19




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Critical Accounting Policies
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Forward-Looking Statements
  
 Item 3.
    
    Quantitative and Qualitative Disclosures About Market Risk
  
 Item 4T.
    
    Controls and Procedures
 Evaluation of Disclosure Controls and Procedures
 .
 Changes in Internal Control Over Financial Reporting
  21




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PART II  Other Information
 Item 1.
    
    Legal Proceedings
  Item 1A.
    
    Risk Factors
  Item 2.
    
    Unregistered Sales of Equity Securities and Use of Proceeds
  Item 3.
    
    Defaults Upon Senior Securities
  Item 4.
    
    Submission of Matters to a Vote of Security Holders
 The Bancorp held its annual meeting of shareholders on April 24, 2009. At this meeting the
shareholders:
 1.
    
    Elected the following directors for a three-year term:
 Number of VotesFor
    
    Against
    
    AbstainDavid A. Bochnowski
    
    
    2,149,869
    
    
    
    
    
    
    
    21,872James L. Wieser
    
    
    2,135,580
    
    
    
    12,426
    
    
    
    23,735Kenneth V. Krupinski
    
    
    2,153,363
    
    
    
    3,000
    
    
    
    15,378Anthony Puntillo
D.D.S. M.S.D
    
    
    2,144,121
    
    
    
    11,000
    
    
    
    16,620
  Donald Fesko
    
    Joel GorelickEdward J. Furticella
    
    Lourdes M. DennisonStanley E. Mize
    
    Amy HanFrank J. Bochnowski
 2.
    
    Ratified the appointment of Plante & Moran, PLLC as the auditors for the Bancorp
for the year ending December 31, 2009.
 Number of VotesFor
    
    Against
    
    Abstain2,121,656
    
    1,074
    
    49,011
 Item 5.
    
    Other Information
  Item 6.
    
    Exhibits
 ExhibitNumber
    
    Description31.1
    
    Rule 13a-14(a)/15d-14(a) Certification of Chief Executive Officer31.2
    
    Rule 13a-14(a)/15d-14(a) Certification of Chief Financial Officer32.1
    
    Section 1350 Certifications
 22




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SIGNATURES
  NORTHWEST INDIANA BANCORPDate:  July 27, 2009
    
    /s/ David A. BochnowskiDavid A. BochnowskiChairman of the Board and Chief Executive Officer Date:  July 27, 2009
    
    /s/ Robert T. LowryRobert T. LowrySenior Vice President, Chief Financial Officer
and Treasurer 23