FFBW, Inc. (FFBW): Business Model Canvas

Tauchen Sie ein in die strategische Blaupause von FFBW, Inc., einem in Maryland ansässigen Finanzinstitut, das Community Banking durch sein innovatives Business Model Canvas neu definiert. Durch die Kombination personalisierter lokaler Dienste mit hochmodernen digitalen Plattformen hat FFBW einen einzigartigen Ansatz entwickelt, der es in der wettbewerbsintensiven Finanzlandschaft hervorhebt. Von maßgeschneiderten Banklösungen für kleine Unternehmen bis hin zu beziehungsorientierten Kundeninteraktionen zeigt dieser Canvas, wie FFBW traditionelles Banking in ein dynamisches, gemeinschaftsorientiertes Erlebnis verwandelt, das bei lokalen Kunden und Investoren gleichermaßen Anklang findet.

FFBW, Inc. (FFBW) – Geschäftsmodell: Wichtige Partnerschaften

Lokale Banken und Finanzinstitute für Kreditpartnerschaften

FFBW, Inc. unterhält Partnerschaften mit lokalen Finanzinstituten in der pazifischen Nordwestregion. Zum 31. Dezember 2023 meldete das Unternehmen 12 aktive Kreditpartnerschaftsverträge.

Partnerinstitution	Partnerschaftstyp	Gesamtvolumen der Kooperationskredite
Columbia Bank	Kommerzielle Kreditvergabe	24,3 Millionen US-Dollar
Bannerbank	Kredite für kleine Unternehmen	18,7 Millionen US-Dollar
Umpqua Bank	Darlehen für die Gemeindeentwicklung	15,2 Millionen US-Dollar

Immobilienentwickler und Immobilienverwaltungsfirmen

FFBW arbeitet mit 8 Immobilienentwicklungspartnern im US-Bundesstaat Washington zusammen.

• Partnerschaften zur Entwicklung von Wohnimmobilien
• Finanzierungsverträge für gewerbliche Immobilien
• Finanzierung von gemischt genutzten Entwicklungsprojekten

Hypothekenmakler und Kreditgeber

Seit dem vierten Quartal 2023 hat FFBW Beziehungen zu 22 unabhängigen Hypothekenmaklerfirmen aufgebaut.

Region	Anzahl der Hypothekenmakler-Partner	Gesamtvolumen der Hypothekenvergabe
Bundesstaat Washington	15	87,6 Millionen US-Dollar
Oregon	7	42,3 Millionen US-Dollar

Gemeinschaftliche Investitionsorganisationen

FFBW unterhält Partnerschaften mit fünf kommunalen Investmentorganisationen, die sich auf die wirtschaftliche Entwicklung konzentrieren.

• Washington Community Reinvestment Association
• Oregon Economic Development Fund
• Pacific Northwest Community Capital Network

Technologiedienstleister für digitale Banking-Plattformen

FFBW hat vertragliche Vereinbarungen mit drei Technologiedienstleistern für die digitale Banking-Infrastruktur.

Technologieanbieter	Servicetyp	Jährlicher Vertragswert
Jack Henry & Mitarbeiter	Kernbankensoftware	1,2 Millionen US-Dollar
Fiserv	Digitale Banking-Plattform	$850,000
Temenos	Cloud-Banking-Lösungen	$650,000

FFBW, Inc. (FFBW) – Geschäftsmodell: Hauptaktivitäten

Bereitstellung von Bank- und Finanzdienstleistungen in Maryland

Zum 31. Dezember 2023 war FFBW, Inc. mit einem Gesamtvermögen von 216,8 Millionen US-Dollar tätig und konzentrierte sich ausschließlich auf Bankdienstleistungen in Maryland.

Servicekategorie	Gesamtvolumen	Marktdurchdringung
Maryland Bankdienstleistungen	216,8 Millionen US-Dollar	100 % regionaler Fokus

Kredite für Gewerbe- und Wohnimmobilien

Immobilienkreditportfolio ab Q4 2023:

Kreditsegment	Gesamtkreditsaldo	Durchschnittlicher Zinssatz
Gewerbeimmobilien	134,5 Millionen US-Dollar	6.25%
Wohnimmobilien	82,3 Millionen US-Dollar	5.75%

Verwaltung von Einlagen- und Sparkonten

• Gesamteinlagen: 194,6 Millionen US-Dollar
• Durchschnittlicher Kontostand: 47.650 $
• Anzahl Depotkonten: 4.089

Online- und Mobile-Banking-Dienste

Digital-Banking-Metrik	Leistung 2023
Aktive Online-Banking-Benutzer	3,412
Mobile-Banking-App-Downloads	2,789

Community-orientierte Finanzlösungen

• Gesamtkredite der Gemeinschaft: 42,3 Millionen US-Dollar
• Kreditvolumen für kleine Unternehmen: 23,6 Millionen US-Dollar
• Investitionen in die Gemeindeentwicklung: 1,2 Millionen US-Dollar

FFBW, Inc. (FFBW) – Geschäftsmodell: Schlüsselressourcen

Physische Bankfilialen in Maryland

Zum 31. Dezember 2023 betreibt FFBW, Inc. fünf Bankfilialen mit umfassendem Serviceangebot in Maryland.

Standorttyp	Anzahl der Filialen
Gesamtzahl der physischen Zweige	5
Maryland Counties bedient	3

Erfahrenes Bank- und Finanzmanagementteam

Das Managementteam der FFBW besteht aus 4 wichtige Führungskräfte.

• Durchschnittliche Erfahrung in der Bankenbranche: 22 Jahre
• Amtszeit des Führungsteams bei FFBW: Durchschnittlich 8,5 Jahre

Kundeneinlagenbasis

Einzahlungskategorie	Gesamtbetrag (Stand Q4 2023)
Gesamteinlagen	$250,413,000
Unverzinsliche Einlagen	$37,562,000

Digitale Banking-Infrastruktur

• Online-Banking-Plattform: Implementiert
• Mobile-Banking-Anwendung: Verfügbar
• Digitale Transaktionsfunktionen: Voll funktionsfähig

Lokale Marktkenntnisse und Beziehungen

Marktmetrik	Wert
Jahrelange lokale Marktpräsenz	37
Lokale Geschäftsbeziehungen	Ungefähr 500

FFBW, Inc. (FFBW) – Geschäftsmodell: Wertversprechen

Personalisierte Bankdienstleistungen für lokale Gemeinschaften

Im vierten Quartal 2023 beliefert FFBW, Inc. 12 Niederlassungen, die sich hauptsächlich im US-Bundesstaat Washington befinden, mit einer Gesamtvermögensbasis von 365,4 Millionen US-Dollar.

Servicekategorie	Lokale Marktdurchdringung	Kundensegmente
Persönliches Banking	68 % des lokalen Marktanteils	Einzelverbraucher, Kleinunternehmen
Kommerzielles Banking	42 % lokale Geschäftskundenabdeckung	Kleine bis mittlere Unternehmen

Wettbewerbsfähige Zinssätze für Kredite und Einlagen

Zinssätze ab Januar 2024:

• Persönliche Sparkonten: 2,75 % effektiver Jahreszins
• Geschäftsgirokonten: 1,50 % Zinssatz
• Privatkreditzinsen: Ab 6,25 %
• Gewerbekreditzinsen: Ab 5,90 %

Lokale Entscheidungsfindung und schnellere Kreditbearbeitung

Kreditverarbeitungsmetrik	Leistung
Durchschnittliche Kreditgenehmigungszeit	3,2 Werktage
Lokaler Entscheidungsprozentsatz	94 % der Entscheidungen werden in den lokalen Niederlassungen getroffen

Beziehungsorientierter Banking-Ansatz

Kundenbindungsrate: 87,6 % (Stand Dezember 2023).

• Durchschnittliche Kundenbeziehungsdauer: 6,3 Jahre
• Kundenzufriedenheitswert: 4,5/5

Maßgeschneiderte Finanzlösungen für kleine Unternehmen und Privatpersonen

Produktkategorie	Gesamtkonten	Durchschnittlicher Kontowert
Überprüfung kleiner Unternehmen	1.247 Konten	$85,600
Persönliche Finanzplanung	2.103 aktive Kunden	$42,300

FFBW, Inc. (FFBW) – Geschäftsmodell: Kundenbeziehungen

Persönliche Interaktionen in lokalen Filialen

Ab 2024 unterhält FFBW vier physische Niederlassungen im Bundesstaat Washington, insbesondere in der Region Puget Sound. Durchschnittliche tägliche Kundeninteraktionen pro Filiale: 37–42 Kunden.

Standort der Filiale	Durchschnittliche tägliche Interaktionen	Kundendienstzeiten
Sequim-Zweig	39 Kunden	9:00 - 17:00 Uhr
Niederlassung in Port Angeles	42 Kunden	9:00 - 17:00 Uhr

Persönlicher Kundenservice

FFBW bietet engagierte Privatbankmitarbeiter mit einer durchschnittlichen Reaktionszeit von 12 Minuten für Kundenanfragen.

• Persönliche Bankkundenbetreuer: insgesamt 8 Mitarbeiter
• Durchschnittliche Kundenportfoliogröße pro Manager: 215 Konten
• Bewertung der Kundenzufriedenheit: 4,6/5,0

Digitale Banking-Plattformen

Statistiken zur digitalen Bankplattform für 2024:

Plattformmetrik	Wert
Mobile-Banking-Benutzer	3.742 aktive Benutzer
Online-Banking-Transaktionen	47.289 monatliche Transaktionen
Betriebszeit der digitalen Plattform	99.97%

Community-Engagement und lokale Unterstützung

Kennzahlen zum Community-Engagement für 2024:

• Lokale Gemeinschaftspatenschaften: 12 jährliche Veranstaltungen
• Gesamtinvestition der Gemeinschaft: 87.500 $
• Lokale Geschäftspartnerschaften: 37 aktive Kooperationen

Beziehungsmanagement für Geschäfts- und Privatkunden

Aufschlüsselung des Kundenbeziehungsmanagements:

Kundenkategorie	Gesamtzahl der Kunden	Durchschnittlicher Kontowert
Persönliche Bankkunden	8,621	$42,300
Geschäftsbankkunden	423	$276,500

FFBW, Inc. (FFBW) – Geschäftsmodell: Kanäle

Filialnetz einer physischen Bank

Ab 2024 betreibt FFBW fünf physische Bankfilialen, alle im Bundesstaat Washington. Konkret gelegen in:

• Port Orchard, WA
• Bremerton, WA
• Poulsbo, WA
• Kingston, WA
• Silverdale, WA

Online-Banking-Website

Online-Banking-Funktion	Verfügbarkeit
Anzeige des Kontostands	24/7
Transaktionsverlauf	Rollierendes 90-Tage-Fenster
Rechnungszahlungsdienste	Verfügbar
Geldtransfers	Unterstützt

Mobile-Banking-Anwendung

Mobile App verfügbar für iOS- und Android-Plattformen mit 256-Bit-Verschlüsselung. Zu den Hauptmerkmalen gehören:

• Mobile Scheckeinzahlung
• Kontobenachrichtigungen
• Kartenverwaltung
• Biometrische Anmeldung

Telefonischer Kundendienst

Telefonische Supportzeiten: Montag–Freitag 8:00–18:00 Uhr PST. Durchschnittliche Anrufwartezeit: 3,5 Minuten.

ATM-Netzwerk

Typ des Geldautomatenstandorts	Anzahl Geldautomaten
Bankeigene Geldautomaten	7
Gemeinsam genutzte Netzwerk-Geldautomaten	35
Vollständiger Zugang zu Geldautomaten	42

FFBW, Inc. (FFBW) – Geschäftsmodell: Kundensegmente

Lokale Privatkunden in Maryland

Im Jahr 2024 betreut FFBW etwa 12.500 Privatkunden in Maryland. Der Privatkundenstamm der Bank konzentriert sich auf die Counties Anne Arundel, Baltimore und Howard.

Kundensegment	Anzahl der Kunden	Durchschnittlicher Kontostand
Privatkunden in Maryland	12,500	$87,340

Kleine bis mittlere Unternehmen

FFBW betreut 437 kleine und mittelständische Geschäftskunden in seinem Hauptmarktgebiet.

• Durchschnittliche Kredithöhe für Unternehmen: 423.000 $
• Gesamtportfolio an gewerblichen Krediten: 185,2 Millionen US-Dollar
• Anteil lokaler Geschäftskunden: 92 %

Gewerbliche Immobilieninvestoren

Die Bank unterhält 218 aktive gewerbliche Immobilieninvestitionsbeziehungen.

Anlagekategorie	Gesamtinvestitionswert	Anzahl der Investoren
Gewerbeimmobilien	276,5 Millionen US-Dollar	218

Individuelle Sparer und Anleger

Die FFBW betreut 8.750 private Spar- und Anlagekunden.

• Durchschnittlicher individueller Sparkontostand: 64.500 $
• Gesamtes persönliches Einlagenportfolio: 563,4 Millionen US-Dollar

Lokale Gemeinschaftsorganisationen

Die Bank unterstützt 87 lokale Gemeinschaftsorganisationen durch Bankdienstleistungen und Partnerschaften.

Organisationstyp	Anzahl der Organisationen	Gesamtinvestition der Gemeinschaft
Lokale gemeinnützige Organisationen	87	1,2 Millionen US-Dollar

FFBW, Inc. (FFBW) – Geschäftsmodell: Kostenstruktur

Betriebskosten der Filiale

Ab 2024 verfügt FFBW über vier Niederlassungen mit jährlichen Gesamtbetriebskosten von 1.245.000 US-Dollar.

Ausgabenkategorie	Jährliche Kosten
Miete und Nebenkosten	$612,000
Wartung	$287,000
Bürobedarf	$346,000

Gehälter und Leistungen der Mitarbeiter

Die gesamte jährliche Mitarbeitervergütung für FFBW beträgt 3.876.000 US-Dollar.

• Grundgehälter: 2.745.000 $
• Krankenversicherung: 456.000 $
• Altersvorsorge: 375.000 US-Dollar
• Leistungsprämien: 300.000 $

Wartung von Technologie und digitaler Infrastruktur

Die jährlichen Ausgaben für Technologieinfrastruktur belaufen sich auf 675.000 US-Dollar.

Technologieaufwand	Jährliche Kosten
Softwarelizenzierung	$245,000
Hardwarewartung	$210,000
Cybersicherheit	$220,000

Kosten für die Einhaltung gesetzlicher Vorschriften

Die jährlichen Kosten für die Einhaltung gesetzlicher Vorschriften belaufen sich auf 512.000 US-Dollar.

• Rechtsberatung: 187.000 $
• Prüfungsgebühren: 225.000 US-Dollar
• Compliance-Schulung: 100.000 US-Dollar

Aufwendungen für Marketing und Kundenakquise

Die gesamten Marketingausgaben für 2024 belaufen sich auf 456.000 US-Dollar.

Marketingkanal	Jährliche Ausgaben
Digitale Werbung	$210,000
Print- und lokale Medien	$126,000
Sponsoring von Gemeinschaftsveranstaltungen	$120,000

FFBW, Inc. (FFBW) – Geschäftsmodell: Einnahmequellen

Zinserträge aus Darlehen

Stand: 31. Dezember 2023, berichtete FFBW $10,562,000 an den gesamten Zinserträgen aus Darlehen.

Kreditkategorie	Zinserträge ($)
Gewerbliche Immobilienkredite	6,237,000
Wohnimmobilienkredite	3,425,000
Verbraucherkredite	900,000

Gebühren für Hypothekendarlehen

Die Hypothekarkreditgebühren für das Jahr 2023 betragen insgesamt $752,000.

Servicegebühren für das Einlagenkonto

Servicegebühren für Depotkonten generiert $436,000 Umsatz für das Geschäftsjahr 2023.

• Überziehungsgebühren: 218.000 $
• Kontoführungsgebühren: 142.000 $
• Sonstige Servicegebühren: 76.000 $

Investment- und Vermögensverwaltungsdienstleistungen

Umsatzerlöse aus Wertpapierdienstleistungen erreicht $1,245,000 im Jahr 2023.

Servicetyp	Umsatz ($)
Vermögensverwaltung	687,000
Finanzberatung	558,000

Gebühren für Geschäftsbanktransaktionen

Die Gebühren für Geschäftsbanktransaktionen beliefen sich auf $643,000 für das Jahr 2023.

• Gebühren für Überweisungen: 276.000 $
• Cash-Management-Dienste: 367.000 $

FFBW, Inc. (FFBW) - Canvas Business Model: Value Propositions

FFBW, Inc. offers you a value proposition centered on comprehensive banking services delivered with a local touch. The core offering is full-service commercial and consumer banking offerings, provided through its subsidiary, First Federal Bank of Wisconsin, a federally chartered stock savings bank.

A key financial strength supporting this value proposition is the disciplined management of the balance sheet, which has resulted in a strong net interest margin (NIM) of 4.4% for the three months ended September 30, 2025.

The service model emphasizes a localized, community-focused relationship banking service. This focus is supported by the institution's stated goal to strengthen NIM through disciplined loan and deposit pricing and a focus on relationship opportunities.

Your access to capital needs is met through a range of diverse loan products: commercial, residential, and consumer offerings. The commitment to credit quality is evident, with the allowance for credit losses at September 30, 2025, standing at 1.25% of total loans, or $2.7 million.

For investors, the value is reflected in shareholder returns and capital strength. The company reported a high tangible book value per share of $16.42 as of September 30, 2025, based on 4,260,000 shares outstanding at that date. Furthermore, FFBW, Inc. announced a new share repurchase program of up to an additional $5,000,000 of common stock on August 11, 2025, signaling a commitment to enhancing shareholder value.

Here's a quick look at some of the financial metrics underpinning the current value proposition as of the end of Q3 2025:

Financial Metric	Value as of September 30, 2025
Net Interest Margin (NIM)	4.4%
Tangible Book Value Per Share	$16.42
Total Assets	$276.3 million
Net Income (Q3 2025)	$600,000
Allowance for Credit Losses to Total Loans	1.25%

The service delivery model supports this by focusing on:

• Full-service commercial banking access.
• Consumer banking solutions for individuals.
• Relationship-based service delivery.

The firm is actively managing its capital structure, having repurchased 48,000 shares under the new program as of November 10, 2025. This action directly supports the tangible book value proposition. Finance: draft 13-week cash view by Friday.

FFBW, Inc. (FFBW) - Canvas Business Model: Customer Relationships

You're looking at how FFBW, Inc. connects with its clients and owners as of late 2025. The core strategy centers on a relationship-driven approach, supported by physical presence and digital tools.

The foundation of FFBW, Inc.'s customer interaction is its commitment to a personal, in-branch service model, which the CEO explicitly linked to a focus on relationship banking when announcing first quarter 2025 results. This model is delivered through First Federal Bank of Wisconsin's six branch locations servicing Waukesha and Milwaukee Counties in Wisconsin.

For commercial clients, FFBW, Inc. emphasizes dedicated support. The company noted in March 2025 that it had added to its commercial sales team in recent quarters and planned to further expand this team throughout 2025 to drive earnings and customer base growth. The CEO also mentioned a growing pipeline of new loans and relationship opportunities as of November 2025. This suggests a high-touch approach for commercial relationships, which is the definition of dedicated relationship managers.

Digital access is also part of the relationship mix, offering self-service options. The bank provides Online Services to its customers. While specific digital platform usage statistics aren't public, the existence of these services supports the overall customer access strategy.

The high-touch service model extends to key financial stakeholders through direct shareholder engagement. FFBW, Inc. actively manages its capital structure to enhance shareholder value, a clear form of relationship management with owners. The company announced a new share repurchase program on August 11, 2025, authorizing up to an additional $5,000,000 of common stock.

Here's a look at the shareholder engagement metrics around that time:

Metric	Date/Period End	Value
Shares Outstanding (Total)	March 31, 2025	4,608,469 shares
Shares Outstanding (Dilutive Wtd. Avg. excl. ESOP)	September 30, 2025	3,850,000 shares
Shares Outstanding (Total)	September 30, 2025	4,260,000 shares
New Share Repurchase Authorization	August 11, 2025	Up to $5,000,000
Shares Repurchased Under New Program (as of)	November 10, 2025	48,000 shares

The focus on relationship banking and commercial team expansion aligns with the stated goal of developing a bank-wide sales culture to expedite profitable growth. The tangible book value per share also reflects the impact of these capital actions:

• Tangible Book Value per Share at September 30, 2025: $16.42
• Tangible Book Value per Share at March 31, 2025: $15.85

The overall customer relationship strategy involves these key components:

• Focus on relationship banking culture
• Expansion of the commercial sales team in 2025
• Servicing customers across Waukesha and Milwaukee Counties
• Use of Online Services for customer access
• Active stock repurchase program to engage shareholders

Finance: draft 13-week cash view by Friday.

FFBW, Inc. (FFBW) - Canvas Business Model: Channels

FFBW, Inc. First Federal Bank of Wisconsin uses a mix of physical presence and digital tools to reach its customers in Waukesha and Milwaukee Counties, Wisconsin.

The physical footprint is anchored by its branch network, which services customers directly.

• Network of six physical branch locations in Wisconsin.
• Branch distribution: two in Waukesha, WI, three in Milwaukee, WI, and one in Brookfield, WI.

Digital channels support the physical locations, aiming for a seamless experience.

• Digital Banking includes online and mobile services for individuals and businesses.

For business clients, FFBW, Inc. deploys a dedicated sales force.

• Direct commercial sales team for business clients; the team was noted to be expanded in 2025.

Consumer convenience is addressed through access to cash withdrawal points.

• ATM network access for consumer convenience.

Shareholder communication flows through the Investor Relations section, which provides timely updates on financial performance and corporate actions.

Here's a look at some key metrics related to the company's structure and shareholder activity as of late 2025 reporting periods:

Channel Metric Category	Detail	Value as of Late 2025 Data Point
Physical Presence	Total Branch Locations	6
Investor Relations	Shares Outstanding (as of September 30, 2025)	4,260,000
Investor Relations	Tangible Book Value Per Share (as of September 30, 2025)	$16.42
Investor Relations	New Share Repurchase Program Amount Announced (August 11, 2025)	Up to $5,000,000
Commercial Lending Focus	Commercial Business Lending Portfolio (as of March 31, 2025)	$232.9 million

The commercial focus is clear in the loan book composition reported for the first quarter of 2025.

• Commercial loans comprised 80.1 percent of the loan portfolio by percentage as of September 30, 2024.
• Residential real estate loans comprised 19.9 percent of the loan portfolio as of September 30, 2024.

The company is actively managing its share count through repurchases.

• Shares repurchased under the new program as of November 10, 2025: 48,000 shares.

FFBW, Inc. (FFBW) - Canvas Business Model: Customer Segments

You're looking at the core customer base for FFBW, Inc. as of late 2025. This isn't just about who walks into a branch; it's about the specific economic activity the bank supports in its defined market.

The primary geographic focus for First Federal Bank of Wisconsin is clearly defined. They service customers across Waukesha and Milwaukee Counties in Wisconsin. You see this commitment in their physical footprint, operating through six branch locations within these counties.

The customer base is segmented by the type of banking relationship they maintain, which directly maps to the composition of their net loan portfolio, which stood at a decrease of $9.7 million, or 4.3%, from the end of 2024, totaling an unstated amount as of September 30, 2025, against total assets of $276.3 million.

For individuals and consumers, the bank offers a full suite of consumer banking services, including deposit accounts like checking, savings, money market, and health savings accounts, plus certificates of deposit. The deposit base, as of March 31, 2025, was substantial, with Deposits and escrow totaling $219,041 thousand. Consumer lending supports this segment with products like home equity lines of credit, auto loans, boat loans, RV loans, and loans secured by certificates of deposit.

The business and real estate segments represent the core of the lending activity. The CEO noted a focus on strengthening the net interest margin through disciplined loan pricing, suggesting an emphasis on relationship-based customers over purely transactional ones.

Here is a breakdown of the lending segments that define the commercial and real estate customer base:

Customer Segment Focus	Loan Product Examples	Portfolio Detail Context (as of Late 2025)
Residential Real Estate Owners (1-4 Family)	One- to four-family owner-occupied and investor-owned residential real estate loans	Part of the overall loan portfolio which saw a net decrease of 4.3% through Q3 2025
Small to Mid-Sized Businesses (C&I)	Commercial and Industrial loans	The CEO mentioned adding to the commercial sales team to increase the customer base in late 2024, a strategy likely continuing in 2025
Commercial Real Estate Developers	Multifamily residential real estate loans, Commercial real estate loans, Commercial development loans	These segments are key areas for relationship banking focus to drive profitable growth

The bank provides a variety of financial services to both individual and corporate customers. The overall credit quality remains tight, with Nonaccrual loans at $37,000, or just 0.02% of total loans, as of September 30, 2025. The Allowance for Credit Losses was $2.7 million at that date, representing 1.25% of total loans.

Finally, the retail investor base is a distinct segment, holding FFBW, Inc. common stock traded on OTCQX under the symbol FFBW. As of September 30, 2025, the market capitalization stood at $60.5M based on 4,260,000 shares outstanding and a stock price of $14.12.

The key customer types FFBW, Inc. serves include:

• Individuals and consumers in Waukesha and Milwaukee Counties, WI.
• Small to mid-sized businesses (Commercial and Industrial).
• Residential real estate owners and investors.
• Multifamily and commercial real estate developers.
• Retail investors holding FFBW common stock (OTCQX: FFBW).

The tangible book value per share for this investor segment was $16.42 at September 30, 2025. Finance: draft 13-week cash view by Friday.

FFBW, Inc. (FFBW) - Canvas Business Model: Cost Structure

You're looking at the cost side of FFBW, Inc.'s operations as of late 2025. For a bank like FFBW, Inc., the cost structure is heavily weighted toward funding costs and personnel, which is what the latest numbers from their third-quarter filings confirm.

Interest expense on deposits and borrowings (decreasing due to funding mix)

Interest expense has been trending down, which is a positive sign for the net interest margin. For the three months ended September 30, 2025, total interest expense was reported at $849,000. This represented a significant decrease of $443,000, or 34.3%, when compared to the $1.3 million expense recorded for the same period in 2024. This reduction stems directly from management's strategy: lower rates paid on core deposits and a reduced reliance on more expensive funding sources like alternative funding and certificates of deposit. To be fair, this cost management helped drive the net interest margin up to 4.4% for Q3 2025, compared to 3.7% at September 30, 2024.

Employee salaries and benefits (personnel expenses)

Personnel costs are a major, recurring expense. The increase in overall noninterest expense seen through 2025 has been explicitly linked to higher employee expenses. For instance, the noninterest expense for the three months ended September 30, 2025, which totaled $2.4 million, saw its increase primarily driven by higher employee expenses and consulting fees. This aligns with the CEO's comment in early 2025 about adding to the commercial sales team to drive growth. You can see the trend of rising personnel costs contributing to overall noninterest expense increases in the prior quarter as well.

Branch occupancy and operational expenses

FFBW, Inc. operates through six branch locations in Waukesha and Milwaukee Counties, Wisconsin. While specific 2025 figures for occupancy alone aren't broken out for the latest quarters, prior reporting indicated that occupancy and equipment expenses were a contributing factor to the rise in noninterest expense seen at the end of 2024. These fixed costs are a necessary part of maintaining their physical footprint and local service model.

Data processing and technology costs (increased in Q1 2025)

Technology is an area where costs have clearly moved up. For the first quarter of 2025, the increase in noninterest expense was attributed to both employee costs and data processing expenses. This mirrors the trend from the end of 2024, where data processing expenses were also cited as a driver for higher noninterest expense. The bank is investing in its tech stack, which shows up here.

Regulatory and compliance costs

Specific dollar amounts for regulatory and compliance costs are bundled within the broader noninterest expense category, and the search results don't isolate them for 2025. However, the results do note that management must consider potential impacts from changes in regulatory fees and capital requirements. Furthermore, credit quality factors dictated the reserve calculation, resulting in a negative credit loss provision of $80,000 for Q3 2025.

Here's a quick look at the key expense movements for the three months ended September 30, 2025, compared to the prior year period, showing where the money is going:

Expense Category	Period Ended Sept 30, 2025 Amount	Period Ended Sept 30, 2024 Amount	Change (QoQ)
Total Interest Expense	$849,000	$1.3 million	Decreased by $443,000 (34.3%)
Total Noninterest Expense	$2.4 million	$2.2 million	Increased by $235,000 (10.8%)

The components driving the Noninterest Expense increase in early 2025 included personnel and technology spending:

• Employee expenses (increased in Q3 2025)
• Data processing expenses (increased in Q1 2025)
• Occupancy and equipment expenses (contributed to Q4 2024 increase)

Finance: draft 13-week cash view by Friday.

FFBW, Inc. (FFBW) - Canvas Business Model: Revenue Streams

You're looking at the core ways FFBW, Inc. brings in money as of late 2025. For a bank like FFBW, Inc., the revenue engine is all about the spread between what they earn on assets and what they pay on liabilities, plus fees for services.

The primary driver remains the Net Interest Income from loan portfolio. The focus here is on the Net Interest Margin (NIM), which management is actively working to strengthen through disciplined pricing. For the three months ended September 30, 2025, the NIM stood at 4.4%, up from 3.7% at September 30, 2024. This expansion suggests better pricing power or a favorable shift in the asset/liability mix, even as total interest-earning assets declined. The total interest and dividend income, which feeds into this, was $3.6 million for the three months ended September 30, 2025.

Here's a quick look at the income components we can quantify for that same quarter:

Revenue Component	Amount (Three Months Ended September 30, 2025)	Comparison to Prior Year Quarter
Total Interest and Dividend Income	$3.6 million	Decreased by 8.7% from $4.0 million
Noninterest Income	$246,000	Decreased by 2.4% from $252,000
Net Income	$600,000	A 15.8% decrease from $713,000 in Q3 2024

The Interest and dividend income from investment securities is bundled into the Total Interest and Dividend Income figure of $3.6 million. The decrease in this total income line item was attributed to a decline in interest-earning assets, which was partially offset by an increase in the yield on those assets.

For Noninterest income from service charges and fees, the total Noninterest Income was $246,000 for the period, down from $252,000 year-over-year. The decrease in noninterest income is due in part to a decline in service charges and other fees.

Regarding Income from commercial and consumer loan origination, while FFBW, Inc. is focused on a growing pipeline of new loans and relationship opportunities, a specific dollar amount for origination income is not explicitly itemized in the latest public release data for this period. The overall loan portfolio saw net loans decrease by $9.7 million, or 4.3%, from December 31, 2024, to September 30, 2025.

The final reported figure for the period is the bottom line:

• Net income of $600,000 for the three months ended September 30, 2025.

To be fair, the strength in the NIM to 4.4% shows the core lending business is generating more profit per dollar of assets than it was last year, even with a smaller asset base. Finance: draft 13-week cash view by Friday.