On January 28, 2016, Stanley E. Mize notified the Board of Directors of NorthWest Indiana Bancorp of his intent not to stand for reelection as a Class I Director of the company upon the expiration of his current term, which expires at the company's 2016 Annual Meeting of Stockholders. Mr. Mize's decision not to stand for reelection is not a result of any disagreement with the company on any matter relating to the company's operations, policies or practices. In connection with the expiration of Mr. Mize's current term at the company's 2016 Annual Meeting of Stockholders, the Board nominated Joel Gorelick to stand for election as a Class I Director at the company's 2016 Annual Meeting of Stockholders. On January 28, 2016, Mr. Gorelick notified the Board of his intention to resign as a Class II Director at the conclusion of the company's 2016 Annual Meeting of Stockholders, contingent upon his election as a Class I Director at such meeting. Mr. Gorelick's decision to resign as a Class II Director is solely to facilitate his election as a Class I Director at the 2016 Annual Meeting of Stockholders and is not a result of any disagreement with the company on any matter relating to the company's operations, policies or practices. Effective upon the conclusion of the company's 2016 Annual Meeting of Stockholders and contingent upon Mr. Gorelick's election as a Class I Director at such meeting, a vacant directorship will be created by Mr. Gorelick's resignation as a Class II Director. The Board will appoint a director to fill the Class II Director vacancy in accordance with the By-Laws to a term that will expire at the 2017 annual meeting.

The company announced unaudited consolidated earnings results for fourth quarter and full year ended December 31, 2015. For the quarter, the company reported total interest income of $7,811,000 against $6,937,000 a year ago. Net interest income was $7,263,000 against $6,458,000 a year ago. Income before income taxes was $2,359,000 against $2,164,000 a year ago. Net income of $2,029,000 or $0.72 per basic and diluted share compared to $1,727,000 or $0.61 per basic and diluted share a year ago. Return on equity was 9.95% compared to the 9.08% for the same quarter year ago. Return on assets was 0.95% compared to 0.88% for the same quarter year ago.

For the year, the company reported total interest income of $29,383,000 against $27,183,000 a year ago. Net interest income was $27,370,000 against $25,363,000 a year ago. Income before income taxes was $9,650,000 against $9,547,000 a year ago. Net income was $7,852,000 or $2.75 per basic and diluted share compared to $7,394,000 or $2.60 per basic and diluted share a year ago. Return on equity was 9.90% compared to the 10.14% for the previous year. Return on assets was 0.96% compared to 0.97% for the previous year. Book value per share as on December 31, 2015 was $28.37 compared to the $26.78 a year ago.