Finward Bancorp (FNWD): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Descubra el plan estratégico detrás de Finward Bancorp (FNWD), una potencia bancaria regional dinámica que está remodelando los servicios financieros en el noroeste de Indiana. Al crear meticulosamente un modelo de negocio que equilibra la banca personalizada centrada en la comunidad con soluciones digitales de vanguardia, Finward se ha posicionado como una institución financiera ágil e innovadora. Su enfoque único combina la banca local impulsada por las relaciones con una sofisticada infraestructura tecnológica, creando una propuesta de valor convincente que los distingue en un panorama financiero competitivo.

Finward Bancorp (FNWD) - Modelo de negocios: asociaciones clave

Asociaciones comerciales locales en el noroeste de Indiana

Finward Bancorp mantiene asociaciones estratégicas con las siguientes asociaciones comerciales locales:

Nombre de la asociación	Enfoque de asociación	Duración de colaboración
Foro del Noroeste de Indiana	Desarrollo económico regional	Activo desde 2018
Cámara de Comercio de Hammond	Redes comerciales	Asociación continua

Proveedores de servicios financieros regionales

Finward Bancorp colabora con proveedores de servicios financieros regionales:

• Old National Bank
• First Merchants Bank
• Banco de costos

Proveedores de tecnología para soluciones de banca digital

Proveedor	Solución tecnológica	Año de implementación
Jack Henry & Asociado	Plataforma bancaria central	2022
Fiserv	Infraestructura bancaria digital	2021

Organizaciones de inversión comunitaria

Finward Bancorp se asocia con organizaciones de inversión comunitaria:

• Corporación de Desarrollo Económico de Indiana
• Fondo de instituciones financieras de desarrollo comunitario
• Fondo de reinversión comunitaria local

Redes de sindicación y participación de préstamos

Red/socio	Tipo de participación del préstamo	Volumen de participación total (2023)
Consorcio de préstamos de los banqueros del Medio Oeste	Préstamo comercial	$ 47.3 millones
Alianza de préstamos bancarios regionales	Préstamos para pequeñas empresas	$ 22.6 millones

Finward Bancorp (FNWD) - Modelo de negocio: actividades clave

Servicios bancarios comerciales y personales

A partir del cuarto trimestre de 2023, Finward Bancorp informó activos totales de $ 1.47 mil millones. Los servicios bancarios comerciales y personales generaron ingresos por intereses netos de $ 37.2 millones para el año fiscal.

Categoría de servicio bancario	Volumen total (2023)	Ingresos generados
Préstamos comerciales	$ 412 millones	$ 18.6 millones
Cuentas bancarias personales	42,500 cuentas activas	$ 8.9 millones

Préstamo y origen hipotecario

La cartera de préstamos hipotecarios para 2023 totalizó $ 589 millones con un tamaño de préstamo promedio de $ 276,000.

• Originaciones de hipotecas totales: 2,134 préstamos
• Cuota de mercado de hipotecas residenciales en Indiana: 3.7%
• Tasa de interés de hipoteca promedio: 6.75%

Gestión de cuentas de depósito

Base de depósito total al 31 de diciembre de 2023: $ 1.29 mil millones

Tipo de cuenta de depósito	Saldo total	Número de cuentas
Cuentas corrientes	$ 487 millones	31,200
Cuentas de ahorro	$ 342 millones	22,500
Cuentas del mercado monetario	$ 218 millones	8,900

Desarrollo de la plataforma de banca digital

Inversiones de banca digital en 2023: $ 4.2 millones

• Usuarios de banca móvil: 28,600
• Volumen de transacción bancaria en línea: 1.9 millones de transacciones mensuales
• Inversiones de seguridad de plataforma digital: $ 1.1 millones

Gestión de patrimonio y asesoramiento financiero

Activos bajo administración (AUM) para 2023: $ 342 millones

Servicio de asesoramiento	Total de clientes	Ingresos generados
Planificación financiera personal	2.750 clientes	$ 6.4 millones
Gestión de inversiones	1.890 clientes	$ 8.7 millones

Finward Bancorp (FNWD) - Modelo de negocio: recursos clave

Strong Regional Banking Network en Indiana

A partir del cuarto trimestre de 2023, Finward Bancorp opera 15 ubicaciones de banca de servicio completo en el noroeste de Indiana. Activos totales al 31 de diciembre de 2023: $ 1.54 mil millones.

Tipo de ubicación	Número de ramas
Ramas de servicio completo	15
Área de servicio principal	Condados de lago, portero y laporte

Equipo de gestión experimentado

Equipo de liderazgo con experiencia bancaria promedio de 22 años.

Puesto ejecutivo	Años en la banca
CEO	28 años
director de Finanzas	19 años

Base de depósito de clientes

Depósitos totales al 31 de diciembre de 2023: $ 1.32 mil millones.

• Cuentas corrientes totales: 42,500
• Cuentas de ahorro total: 31,200
• Saldo promedio de la cuenta de depósito: $ 37,500

Infraestructura de banca digital avanzada

Plataforma de banca digital que admite servicios de banca en línea y móvil.

Servicio digital	Métricas de usuario
Usuarios de banca móvil	28,700
Usuarios bancarios en línea	35,400

Sistemas de gestión de riesgos robustos

Marco integral de gestión de riesgos con infraestructura tecnológica avanzada.

• Reserva de pérdida de préstamos: $ 18.2 millones
• Relación de préstamos sin rendimiento: 0.65%
• Relación de adecuación de capital: 12.4%

Finward Bancorp (FNWD) - Modelo de negocio: propuestas de valor

Servicios bancarios personalizados para comunidades locales

A partir del cuarto trimestre de 2023, Finward Bancorp atiende a 27.843 clientes locales en la región del noroeste de Indiana. Activos bancarios comunitarios totales: $ 1.38 mil millones.

Segmento de clientes	Número de clientes	Saldo de cuenta promedio
Banca personal	19,642	$42,375
Pequeño negocio	5,621	$127,500
Comercial	2,580	$523,900

Tasas de interés competitivas sobre préstamos y depósitos

Ofertas actuales de tasas de interés a partir de enero de 2024:

• Cuentas de ahorro personal: 3.75% APY
• Verificación de negocios: 2.25% APY
• Tasas de préstamo personal: a partir del 6.99% APR
• Tasas hipotecarias: 6.50% - 7.25%

Convenientes opciones bancarias digitales y en persona

Estadísticas de banca digital para 2023:

Servicio digital	Usuarios activos	Transacciones mensuales
Banca móvil	22,415	387,600
Banca en línea	25,730	412,300
Red de cajeros automáticos	37 ubicaciones	129,400 transacciones

Toma de decisiones locales y procesamiento rápido de préstamos

Métricas de procesamiento de préstamos para 2023:

• Tiempo promedio de aprobación del préstamo: 3.2 días hábiles
• Tasa de toma de decisiones locales: 98.5%
• Tasa de aprobación de préstamos para pequeñas empresas: 76.3%

Soluciones financieras centradas en la relación

Métricas de la relación con el cliente para 2023:

Tipo de relación	Número de clientes	Productos promedio por cliente
Producto único	8,425	1.0
Múltiples productores	19,418	3.2

Finward Bancorp (FNWD) - Modelo de negocios: relaciones con los clientes

Gestión de la relación bancaria personal

Finward Bancorp mantiene 5 lugares de banca de servicio completo en el noroeste de Indiana. A partir del cuarto trimestre de 2023, el banco atiende a aproximadamente 28,000 cuentas de clientes con un enfoque dedicado de gestión de relaciones.

Segmento de clientes	Estrategia de gestión de relaciones	Valor de cuenta promedio
Banca personal	Gestión de cuentas personalizada	$47,500
Banca de negocios	Gerentes de relaciones asignados	$285,000

Compromiso del cliente impulsado por la comunidad

Finward Bancorp se centra en el compromiso de la comunidad local con el 87% de los clientes ubicados en el condado de Lake, Indiana.

• Patrocinios de eventos comunitarios: 12 eventos locales en 2023
• Programas locales de educación financiera: 6 talleres
• Eventos locales de redes comerciales: 4 sesiones trimestrales

Canales de atención al cliente digital

Las plataformas de banca digital admiten las interacciones de los clientes con las siguientes métricas:

Canal digital	Usuarios activos mensuales	Volumen de transacción
Banca móvil	22,500 usuarios	175,000 transacciones mensuales
Banca en línea	18,750 usuarios	125,000 transacciones mensuales

Consultoría financiera basada en relaciones

Finward Bancorp brinda servicios de consultoría financiera especializada con 15 asesores financieros dedicados.

• Valor promedio de la cartera de clientes: $ 1.2 millones
• Frecuencia de consulta: revisiones trimestrales
• Productos de inversión ofrecidos: 37 opciones diferentes

Servicios de planificación financiera personalizada

La planificación financiera personalizada incluye ofertas de servicios integrales:

Tipo de servicio	Inscripción anual del cliente	Tarifa de servicio promedio
Planificación de jubilación	1.250 clientes	$ 1,500 por plan
Gestión de patrimonio	875 clientes	$ 3,750 por plan

Finward Bancorp (FNWD) - Modelo de negocios: canales

Red de sucursales bancarias físicas

A partir de 2024, Finward Bancorp opera 12 sucursales bancarios físicos ubicados en el noroeste de Indiana. La huella total de la rama cubre los condados del lago y el portero.

Categoría de rama	Número de ubicaciones	Condados atendidos
Ramas de servicio completo	9	Condado de lago
Ramas de servicio limitado	3	Condado de Porter

Plataforma bancaria en línea

La plataforma de banca digital proporciona Acceso de cuenta 24/7 Con las siguientes características:

• Seguimiento del saldo de la cuenta
• Historial de transacciones
• Servicios de pago de facturas
• Transferencias de fondos

Aplicación de banca móvil

Aplicación móvil disponible para plataformas iOS y Android con 42,567 usuarios activos a partir del cuarto trimestre de 2023.

Plataforma	Descargas de aplicaciones	Calificación de usuario
iOS	23,456	4.7/5
Androide	19,111	4.5/5

Red de cajeros automáticos

Finward Bancorp mantiene 18 ubicaciones de cajeros automáticos en todas las regiones de servicio.

• 15 cajeros automáticos dentro de las ubicaciones de las ramas
• 3 sitios de cajeros automáticos independientes

Centro de llamadas de servicio al cliente

El centro de atención al cliente funciona con las siguientes métricas:

Métrico de servicio	Actuación
Volumen de llamadas diarias	387 llamadas
Tiempo de respuesta promedio	2.3 minutos
Tasa de satisfacción del cliente	92%

Finward Bancorp (FNWD) - Modelo de negocios: segmentos de clientes

Empresas pequeñas a medianas en el noroeste de Indiana

A partir del cuarto trimestre de 2023, Finward Bancorp sirve aproximadamente 1,200 empresas pequeñas a medianas en el noroeste de Indiana.

Segmento de negocios	Número de clientes	Tamaño promedio del préstamo
Negocios minoristas	425	$275,000
Fabricación	310	$485,000
Industrias de servicios	465	$215,000

Consumidores individuales locales

Finward Bancorp tiene 38,500 clientes de banca de consumo individual al 31 de diciembre de 2023.

• Cuentas corrientes personales: 22,750
• Cuentas de ahorro personal: 18,600
• Clientes de préstamos personales: 5.400

Inversores inmobiliarios comerciales

La cartera de bienes raíces comerciales totaliza $ 214.3 millones al último informe financiero.

Tipo de propiedad	Inversión total	Número de inversores
Inversión residencial	$ 87.6 millones	92
Propiedades comerciales	$ 126.7 millones	65

Proveedores de servicios profesionales

Finward Bancorp sirve a 675 proveedores de servicios profesionales en varios sectores.

• Firmas legales: 210
• Prácticas médicas: 265
• Firmas de contabilidad: 200

Gobierno local y entidades municipales

Relaciones bancarias municipales Total 22 Entidades del gobierno local con una base de depósitos combinados de $ 43.2 millones.

Tipo de entidad	Número de entidades	Depósitos totales
Gobiernos municipales	8	$ 21.5 millones
Agencias del condado	9	$ 15.7 millones
Distritos escolares	5	$ 6 millones

Finward Bancorp (FNWD) - Modelo de negocio: Estructura de costos

Gastos de operación de rama

A partir de la información financiera más reciente, Finward Bancorp mantiene 7 ubicaciones de sucursales físicas. Los gastos de operación anual de la sucursal totalizaron $ 2,347,000 en 2023.

Categoría de gastos	Costo anual
Alquiler y servicios públicos	$687,000
Mantenimiento	$423,000
Seguridad	$256,000
Suministros operativos	$198,000

Salarios y beneficios de los empleados

La compensación total de los empleados por Finward Bancorp en 2023 fue de $ 12,456,000.

• Total de empleados: 214
• Salario promedio: $ 58,200
• Paquete de beneficios: 22% de la compensación total

Mantenimiento de la infraestructura tecnológica

Los gastos de infraestructura tecnológica para 2023 ascendieron a $ 1,875,000.

Categoría de gastos tecnológicos	Costo anual
Mantenimiento de hardware	$453,000
Licencia de software	$612,000
Ciberseguridad	$410,000
Personal de TI	$400,000

Costos de cumplimiento regulatorio

Los gastos anuales de cumplimiento regulatorio para 2023 fueron de $ 1,234,000.

• Consultoría legal: $ 387,000
• Tarifas de auditoría: $ 456,000
• Capacitación de cumplimiento: $ 124,000
• Sistemas de informes: $ 267,000

Gastos de marketing y adquisición de clientes

Los gastos de marketing para 2023 totalizaron $ 876,000.

Canal de marketing	Gasto anual
Publicidad digital	$342,000
Medios impresos	$187,000
Eventos comunitarios	$124,000
Programas de referencia de clientes	$223,000

Finward Bancorp (FNWD) - Modelo de negocios: flujos de ingresos

Ingresos por intereses de préstamos

Para el año fiscal 2023, Finward Bancorp informó ingresos por intereses totales de $ 58.4 millones, con un desglose de la siguiente manera:

Categoría de préstamo	Ingresos de intereses ($)
Préstamos comerciales	24,650,000
Préstamos hipotecarios residenciales	19,800,000
Préstamos al consumo	13,950,000

Tarifas de servicio bancario

Las tarifas de servicio bancario generaron $ 12.3 millones en ingresos para 2023, con la siguiente distribución:

• Tarifas de mantenimiento de la cuenta: $ 4,100,000
• Tarifas de transacción de cajeros automáticos: $ 2,750,000
• Tarifas de sobregiro: $ 3,450,000
• Tarifas de transferencia bancaria: $ 2,000,000

Tarifas de origen de la hipoteca

Las tarifas de origen de la hipoteca para 2023 totalizaron $ 5.6 millones, con una tarifa promedio de 1.2% por transacción hipotecaria.

Servicios de inversión y gestión de patrimonio

Los ingresos de los servicios de inversión y gestión de patrimonio alcanzaron $ 8.7 millones en 2023:

Categoría de servicio	Ingresos ($)
Tarifas de gestión de activos	5,200,000
Servicios de asesoramiento financiero	2,500,000
Planificación de jubilación	1,000,000

Ingresos de la transacción bancaria digital

Los ingresos por transacciones bancarias digitales para 2023 ascendieron a $ 3.2 millones, con el siguiente desglose:

• Transacciones bancarias en línea: $ 1,400,000
• Transacciones de banca móvil: $ 1,800,000

Finward Bancorp (FNWD) - Canvas Business Model: Value Propositions

You're looking at the core value Finward Bancorp delivers, which centers on being a comprehensive, community-rooted financial partner. This isn't just about basic checking accounts; it's about offering a full spectrum of services under one roof.

The full-service financial suite is built around Peoples Bank, offering personal and business banking alongside wealth management financial services. Furthermore, Finward Bancorp operates NWIN Risk Management, Inc., which is a captive insurance company, rounding out the offering beyond traditional lending and deposits. This integration aims to capture more of the client's total financial relationship.

The bank emphasizes its identity as a relationship-focused, locally managed community bank presence. Finward Bancorp is headquartered in Munster, Indiana, and Peoples Bank delivers these services from 26 locations across Northwest Indiana and the Chicagoland area. This local management structure is a key differentiator against larger, more centralized institutions.

Credit quality remains a cornerstone of the value proposition, signaling stability to depositors and investors. As of September 30, 2025, the ratio of Non-Performing Loans to total loans was 0.94%. This metric shows disciplined underwriting, even with a slight uptick from the prior quarter's 0.91%.

Here's a quick look at how the credit quality and core funding stack up as of late 2025:

Metric	Value (as of Sep 30, 2025, unless noted)	Context
Non-Performing Loans / Total Loans	0.94%	Credit Quality Metric
Total Deposits	$1.8 billion	Funding Base Size
Core Deposits (as of Jun 30, 2025)	$1.2 billion	Checking, Savings, MMDA Balances
Certificates of Deposit (as of Jun 30, 2025)	$542.7 million	Time Deposit Component

You see competitive deposit products supporting this structure. Total deposits reached $1.8 billion as of September 30, 2025. The core funding, which includes checking, savings, and money market accounts, was reported at $1.2 billion at the end of the second quarter, representing about 69.1% of total deposits then. Specifically, balances for Certificates of Deposit (CDs) stood at $542.7 million on June 30, 2025. The bank is also seeing shifts in its non-interest-bearing accounts, which increased by $9.1 million during the third quarter of 2025.

The value delivered is a blend of broad product access and localized service execution. Finance: draft 13-week cash view by Friday.

Finward Bancorp (FNWD) - Canvas Business Model: Customer Relationships

You're looking at how Finward Bancorp, through its subsidiary Peoples Bank, manages the connections it has with its customers as of late 2025. The strategy leans heavily on localized, personal service, which is a key differentiator in the Northwest Indiana and Chicagoland markets where they operate 26 Banking Centers.

Dedicated, personal relationship management for business clients

For business clients, Finward Bancorp fields a dedicated 14-person business banking team. This team is clearly focused on driving new commercial activity, evidenced by originating $62.6 million in new commercial loans during the three months ended September 30, 2025. Management specifically notes maintaining a vigilant oversight of nonperforming loans through proactive relationship management, suggesting a hands-on approach to their commercial portfolio.

Here's a look at the commercial lending focus as of September 30, 2025:

Loan Category	Balance as of Sep 30, 2025	Percentage of Total Loans
Commercial Real Estate Owner Occupied	$252.9 million	17.2%
Commercial Real Estate Non-Owner Occupied	$311.6 million	21.2%

High-touch service model at branch locations

The high-touch model is supported by the physical footprint of 26 full-service retail locations across Northwest Indiana and Chicagoland. This physical presence supports the overall strategy of building strong partnerships. The deposit base reflects the strength of these relationships, with total deposits at $1.8 billion as of September 30, 2025.

The composition of these relationships, particularly core deposits, is critical to their funding structure:

• Core deposits totaled $1.2 billion at September 30, 2025.
• Core deposits represented 69.3% of total deposits at September 30, 2025.
• Non-interest-bearing deposits stood at $280.3 million as of September 30, 2025.

Self-service digital tools for routine transactions

Finward Bancorp provides electronic financial services, which implies the availability of self-service digital tools for routine transactions. The focus on core deposits-checking, savings, and money market accounts-suggests a high volume of day-to-day customer activity that would naturally flow through digital channels. The bank's total assets were reported at $2,057 million as of June YTD 2025.

Advisory services through wealth management and trust divisions

Advisory services are delivered via the Wealth Management division, which is a growing part of the business. As of September 2025, this division managed approximately $407 Million in Assets under Management. The commitment to this area is shown by the 15% year-over-year growth in revenues from this segment between 2023 and 2024. The bank also offers Investment Management & IRA accounts and Corporate Fiduciary Services.

Key metrics for the Wealth Management segment:

• Assets under Management (AUM) as of September 2025: $407 Million.
• Revenue growth (2023-2024 YOY): 15%.

The bank's overall focus on quality relationships helped drive the Return on Assets (ROAA) to 0.68% for the quarter ended September 30, 2025.

Finance: draft 13-week cash view by Friday

Finward Bancorp (FNWD) - Canvas Business Model: Channels

The delivery of Finward Bancorp's financial services, primarily through its subsidiary Peoples Bank, relies on a mix of physical presence and digital access points as of late 2025.

The physical branch network remains a core channel, serving Northwest Indiana and the Chicagoland area. As of September 2025, Peoples Bank maintained 26 full-service retail locations across these regions. This physical footprint supports in-person transactions, relationship management, and local service delivery.

Digital channels provide essential access for both personal and business clients. The e-banking component includes platforms accessible via:

• - Online Banking Login for Personal Users
• - Business Banking Login for Company IDs
• - Wealth Management Portal
• - Online Mortgage Center

These digital touchpoints support the bank's stated goal of providing electronic financial services.

Specialized teams operate as dedicated channels for more complex needs. The Business Banking Team consists of 14 persons, focusing on commercial client relationships. Furthermore, the bank channels its mortgage services through a Full-service mortgage banking capability, which is also accessible via the dedicated Online Mortgage Center portal.

Here's a quick look at the scale of the physical and specialized channels as reported in late 2025:

Channel Component	Metric	Value as of Late 2025
Physical Branch Network	Number of Full-Service Retail Locations	26
Specialized Teams	Business Banking Team Size	14 persons
Digital Access	Wealth Management Portal Availability	Yes
Insurance Channel	Captive Insurance Company Name	NWIN Risk Management, Inc.

Insurance products are channeled through NWIN Risk Management, Inc., which operates as a captive insurance company for Finward Bancorp.

You can see the direct digital access points listed on the bank's site, which include links for a Personal User ID, Business Banking Login, and the Online Mortgage Center. The bank also provides access to its Credit Card Rewards programs through these digital channels.

Finward Bancorp (FNWD) - Canvas Business Model: Customer Segments

You're looking at the core groups Finward Bancorp serves, which really define how Peoples Bank structures its operations across Northwest Indiana and the Chicagoland area. Honestly, their customer base is tightly focused on their regional footprint, which currently spans 26 full-service retail locations.

The customer segments are clearly delineated by the services they require, moving from basic retail banking to specialized commercial and wealth services. Here's how the numbers break down for the segments as of late 2025, primarily using data through the third quarter ended September 30, 2025.

Local consumers and families in the defined geographic area form the foundation, supported by a substantial deposit franchise. This segment is the source of the core, low-cost funding that helps Finward Bancorp maintain its competitive position. As of September 30, 2025, total deposits stood at $1.8 billion. Within that, the most stable retail/consumer component, Core Deposits (checking, savings, and money market accounts), totaled $1.2 billion, representing 69.3% of all deposits. Furthermore, Non-interest-bearing deposits, often a sign of strong local business and consumer operating accounts, were $280.3 million at that time.

For small-to-mid-sized businesses (SMBs) needing commercial loans and treasury services, Finward Bancorp shows consistent activity. The bank originated $62.6 million in new commercial loans during the three months ended September 30, 2025. The overall aggregate loan portfolio, which includes these SMB credits, was $1.5 billion as of September 30, 2025. The mention of offering treasury management and cash-management services confirms the focus on serving the liquidity and payment needs of these corporate and nonprofit clients.

The segment focused on wealth accumulation and legacy clients for trust and estate planning is a growing area of focus for Finward Bancorp. This division is actively growing, reporting approximately $407 Million of Assets under Management (AUM) as of September 2025. To be fair, that segment is showing momentum, evidenced by a 15% YOY growth in revenues derived from that business line between 2023 and 2024.

Finally, commercial real estate investors and developers are a significant part of the lending book, representing a major portion of the total loan portfolio. This is where you see a direct concentration of commercial credit risk and opportunity. The loan portfolio breakdown as of September 30, 2025, clearly shows this concentration:

Commercial Loan Sub-Segment	Balance as of September 30, 2025 (Millions USD)	Percentage of Total Loan Balances
Commercial Real Estate Owner Occupied Properties	$252.9	17.2%
Commercial Real Estate Non-Owner Occupied Properties	$311.6	21.2%
Total Commercial Real Estate Exposure	$564.5	38.4%

The total CRE exposure of $564.5 million is a substantial 38.4% of the total $1.5 billion loan portfolio, indicating a deep commitment to this asset class within their defined markets.

Here's a quick summary of the key financial metrics tied to these customer bases as of late 2025:

• Total Assets: $2,057 Million (June YTD 2025).
• Total Deposits: $1.8 Billion (Q3 2025).
• Core Deposits as % of Total Deposits: 69.3% (Q3 2025).
• Total Gross Loans: $1.484 Billion (June YTD 2025) / $1.5 Billion (Q3 2025).
• Wealth Management AUM: $407 Million (September 2025).

Finance: draft 13-week cash view by Friday.

Finward Bancorp (FNWD) - Canvas Business Model: Cost Structure

You're looking at the core expenses that drive the operations for Finward Bancorp as of late 2025. For a bank like Finward Bancorp, the cost structure is heavily weighted toward the cost of funds and personnel to support its 26 locations across Northwest Indiana and the Chicagoland area.

The primary cost components that hit the income statement are detailed below, using the latest reported figures from the third quarter of 2025 (Q3 2025) ended September 30, 2025.

• - Interest expense paid on customer deposits and borrowed funds.
• - Personnel and compensation costs for 26 branch staff and corporate.
• - General and administrative expenses, including data processing and professional services.
• - Provision for credit losses, which totaled $61 thousand in Q3 2025.

While the absolute dollar amount for interest expense-the cost of funding the loan book-isn't explicitly broken out here, we see its impact reflected in the Net Interest Margin (NIM) which stood at 3.04% for Q3 2025 (or 3.18% on a tax-equivalent basis).

Personnel and G&A expenses fall under the broader category of non-interest expense. Finward Bancorp showed good progress in controlling these overhead costs in Q3 2025, with non-interest expense as a percentage of average assets improving to 2.74% from 2.90% in the prior quarter, Q2 2025. This improvement was driven by specific reductions in other operating costs.

Here's a look at how the non-interest expense ratio has trended, which captures the personnel and G&A components:

Metric	Q3 2025	Q2 2025	Q1 2025
Non-interest Expense / Average Assets	2.74%	2.90%	2.81%

The reduction in overall non-interest expenses in Q3 2025 was specifically linked to lower costs in certain operational areas. You can see the components that make up the G&A portion of the cost structure:

• Lower data processing expenses.
• Lower professional and outside services expense.
• Lower federal deposit insurance premiums and other operational expenses.

The required provision for credit losses was a small $61 thousand benefit for Q3 2025, which is a positive sign for asset quality in that period. To be fair, this was coupled with a $361 thousand reversal of credit losses on unused commitments.

Finance: draft 13-week cash view by Friday.

Finward Bancorp (FNWD) - Canvas Business Model: Revenue Streams

You're looking at how Finward Bancorp (FNWD) converts its operations into cash flow as of late 2025. The primary engine remains the spread between what they earn on assets and what they pay for liabilities. This is the core of their business model, and the recent quarter showed good traction here.

The core of the revenue generation is tied directly to the lending book. Net Interest Income (NII) is the biggest driver, reflecting the profitability of their loan portfolio. For the third quarter of 2025, the Net Interest Margin (NIM) on a tax-equivalent basis-which is how the banking industry often compares apples to apples-expanded to 3.18%. That's up from 3.11% in the prior quarter, showing they are effectively managing loan yields relative to funding costs.

Beyond the interest spread, Finward Bancorp pulls in revenue from various non-interest sources. These streams come from the services they offer, which include things like service charges on accounts, fees from their wealth management division, and income from insurance fees. For Q3 2025, Non-interest income as a percentage of average assets stood at 0.57%.

Activity in the loan pipeline also generates direct fee income, covering both originating new business and managing existing debt. To give you a sense of the origination activity that feeds into these fees, during the three months ended September 30, 2025, the Bank originated $62.6 million in new commercial loans.

When we look at the top line, the results for the period were strong. The total revenue for Finward Bancorp reached $23.3 million in the third quarter of 2025. Honestly, this is the number that rolls up all those individual income components.

Here's a quick snapshot of some key Q3 2025 performance metrics that feed into the revenue picture:

Metric	Q3 2025 Value	Context/Source
Total Revenue	$23.3 million	Reported total revenue for the quarter
Tax-Equivalent NIM	3.18%	Net Interest Margin for the quarter
Non-Interest Income / Avg Assets	0.57%	Ratio for the quarter
New Commercial Loan Originations	$62.6 million	Volume originated during the quarter

The revenue streams are definitely diversified across interest income and fee-based services. You can see the components that make up the non-interest income bucket:

• Service charges on deposit accounts
• Wealth management fees
• Insurance fees from NWIN Risk Management, Inc.
• Loan origination fees
• Loan servicing fees

The efficiency ratio also plays a role in how much of that gross revenue actually translates to the bottom line, improving to 81.22% in Q3 2025 from 88.92% in Q2. That's a defintely positive sign for operational leverage.

Finance: draft 13-week cash view by Friday.