Finward Bancorp (FNWD): Canvas de modèle d'entreprise [Jan-2025 Mise à jour]

Découvrez le plan stratégique derrière Finward Bancorp (FNWD), une puissance bancaire régionale dynamique qui remodèle les services financiers dans le nord-ouest de l'Indiana. En fabriquant méticuleusement un modèle commercial qui équilibre les services bancaires personnalisés axés sur la communauté avec des solutions numériques de pointe, Finward s'est positionné comme une institution financière agile et innovante. Leur approche unique combine les banques locales axées sur les relations avec des infrastructures technologiques sophistiquées, créant une proposition de valeur convaincante qui les distingue dans un paysage financier compétitif.

Finward Bancorp (FNWD) - Modèle commercial: partenariats clés

Associations d'entreprises locales dans le nord-ouest de l'Indiana

Finward Bancorp entretient des partenariats stratégiques avec les associations commerciales locales suivantes:

Nom d'association	Focus de partenariat	Durée de collaboration
Forum du nord-ouest de l'Indiana	Développement économique régional	Actif depuis 2018
Chambre de commerce de Hammond	Réseautage d'entreprise	Partenariat en cours

Fournisseurs de services financiers régionaux

Finward Bancorp collabore avec les fournisseurs de services financiers régionaux:

• Old National Bank
• First Merchants Bank
• Banque de centre

Vendeurs technologiques pour les solutions bancaires numériques

Fournisseur	Solution technologique	Année de mise en œuvre
Jack Henry & Associés	Plateforme bancaire de base	2022
Finerv	Infrastructure bancaire numérique	2021

Organisations d'investissement communautaire

Finward Bancorp s'associe à des organisations d'investissement communautaire:

• Indiana Economic Development Corporation
• Fonds des institutions financières de développement communautaire
• Fonds de réinvestissement communautaire local

Réseaux de syndication et de participation des prêts

Réseau / partenaire	Type de participation au prêt	Volume de participation totale (2023)
Consortium de prêts des banquiers du Midwest	Prêts commerciaux	47,3 millions de dollars
Alliance de prêt de banque régionale	Prêts aux petites entreprises	22,6 millions de dollars

Finward Bancorp (FNWD) - Modèle d'entreprise: Activités clés

Services bancaires commerciaux et personnels

Au quatrième trimestre 2023, Finward Bancorp a déclaré un actif total de 1,47 milliard de dollars. Les services bancaires commerciaux et personnels ont généré des revenus d'intérêts nets de 37,2 millions de dollars pour l'exercice.

Catégorie de service bancaire	Volume total (2023)	Revenus générés
Prêts commerciaux	412 millions de dollars	18,6 millions de dollars
Comptes bancaires personnels	42 500 comptes actifs	8,9 millions de dollars

Prêts hypothécaires et origine

Le portefeuille de prêts hypothécaires pour 2023 a totalisé 589 millions de dollars avec une taille de prêt moyenne de 276 000 $.

• Originations hypothécaires totales: 2 134 prêts
• Part de marché hypothécaire résidentiel dans l'Indiana: 3,7%
• Taux d'intérêt hypothécaire moyen: 6,75%

Gestion des comptes de dépôt

Base de dépôt totale au 31 décembre 2023: 1,29 milliard de dollars

Type de compte de dépôt	Solde total	Nombre de comptes
Comptes chèques	487 millions de dollars	31,200
Comptes d'épargne	342 millions de dollars	22,500
Comptes de marché monétaire	218 millions de dollars	8,900

Développement de la plate-forme bancaire numérique

Investissements bancaires numériques en 2023: 4,2 millions de dollars

• Utilisateurs de la banque mobile: 28,600
• Volume des transactions bancaires en ligne: 1,9 million de transactions mensuelles
• Investissements de sécurité de la plate-forme numérique: 1,1 million de dollars

Gestion de la patrimoine et avis financier

Actifs sous gestion (AUM) pour 2023: 342 millions de dollars

Service consultatif	Total des clients	Revenus générés
Planification financière personnelle	2 750 clients	6,4 millions de dollars
Gestion des investissements	1 890 clients	8,7 millions de dollars

Finward Bancorp (FNWD) - Modèle d'entreprise: Ressources clés

Strait réseau bancaire régional dans l'Indiana

Au quatrième trimestre 2023, Finward Bancorp exploite 15 sites bancaires à service complet dans le nord-ouest de l'Indiana. Actif total au 31 décembre 2023: 1,54 milliard de dollars.

Type d'emplacement	Nombre de branches
Branches à service complet	15
Zone de service primaire	Comtés de lac, de porteur et de laporte

Équipe de gestion expérimentée

Équipe de direction avec une expérience bancaire moyenne de 22 ans.

Poste de direction	Années bancaires
PDG	28 ans
Directeur financier	19 ans

Base de dépôt client

Dépôts totaux au 31 décembre 2023: 1,32 milliard de dollars.

• Comptes chèques totaux: 42 500
• Comptes d'épargne totaux: 31 200
• Solde moyen du compte de dépôt: 37 500 $

Infrastructure bancaire numérique avancée

Plateforme bancaire numérique prenant en charge les services bancaires en ligne et mobiles.

Service numérique	Métriques des utilisateurs
Utilisateurs de la banque mobile	28,700
Utilisateurs de la banque en ligne	35,400

Systèmes de gestion des risques robustes

Cadre complet de gestion des risques avec infrastructure technologique avancée.

• Réserve de perte de prêt: 18,2 millions de dollars
• Ratio de prêts non performants: 0,65%
• Ratio d'adéquation du capital: 12,4%

Finward Bancorp (FNWD) - Modèle d'entreprise: propositions de valeur

Services bancaires personnalisés pour les communautés locales

Au quatrième trimestre 2023, Finward Bancorp dessert 27 843 clients locaux dans la région du nord-ouest de l'Indiana. Total des actifs bancaires communautaires: 1,38 milliard de dollars.

Segment de clientèle	Nombre de clients	Solde moyen du compte
Banque personnelle	19,642	$42,375
Petite entreprise	5,621	$127,500
Commercial	2,580	$523,900

Taux d'intérêt concurrentiels sur les prêts et les dépôts

Offres de taux d'intérêt actuels en janvier 2024:

• Comptes d'épargne personnels: 3,75% apy
• Vérification des entreprises: 2,25% apy
• Taux de prêt personnel: à partir de 6,99% APR
• Taux hypothécaires: 6,50% - 7,25%

Options bancaires numériques et en personne pratique

Statistiques de la banque numérique pour 2023:

Service numérique	Utilisateurs actifs	Transactions mensuelles
Banque mobile	22,415	387,600
Banque en ligne	25,730	412,300
Réseau ATM	37 emplacements	129 400 transactions

Prise de décision locale et traitement rapide des prêts

Métriques de traitement des prêts pour 2023:

• Temps d'approbation du prêt moyen: 3,2 jours ouvrables
• Taux de prise de décision local: 98,5%
• Taux d'approbation des prêts aux petites entreprises: 76,3%

Solutions financières axées sur la relation

Métriques de la relation client pour 2023:

Type de relation	Nombre de clients	Produits moyens par client
Produit unique	8,425	1.0
Multi-produit	19,418	3.2

Finward Bancorp (FNWD) - Modèle d'entreprise: Relations clients

Gestion des relations bancaires personnelles

Finward Bancorp maintient 5 emplacements bancaires à service complet dans le nord-ouest de l'Indiana. Au quatrième trimestre 2023, la banque dessert environ 28 000 comptes clients avec une approche de gestion des relations dédiée.

Segment de clientèle	Stratégie de gestion des relations	Valeur moyenne du compte
Banque personnelle	Gestion de compte personnalisée	$47,500
Banque d'affaires	Les gestionnaires de relations assignés	$285,000

Engagement client axé sur la communauté

Finward Bancorp se concentre sur l'engagement communautaire local avec 87% des clients situés dans le comté de Lake, dans l'Indiana.

• Parrainage des événements communautaires: 12 événements locaux en 2023
• Programmes locaux de littératie financière: 6 ateliers
• Événements de réseautage commercial local: 4 séances trimestrielles

Canaux de support client numérique

Les plates-formes bancaires numériques prennent en charge les interactions des clients avec les mesures suivantes:

Canal numérique	Utilisateurs actifs mensuels	Volume de transaction
Banque mobile	22 500 utilisateurs	175 000 transactions mensuelles
Banque en ligne	18 750 utilisateurs	125 000 transactions mensuelles

Conseil financier basé sur les relations

Finward Bancorp fournit des services de conseil financier spécialisés avec 15 conseillers financiers dévoués.

• Valeur moyenne du portefeuille des clients: 1,2 million de dollars
• Fréquence de consultation: revues trimestrielles
• Produits d'investissement offerts: 37 options différentes

Services de planification financière personnalisés

La planification financière personnalisée comprend des offres de services complètes:

Type de service	Inscription annuelle des clients	Frais de service moyens
Planification de la retraite	1 250 clients	1 500 $ par plan
Gestion de la richesse	875 clients	3 750 $ par plan

Finward Bancorp (FNWD) - Modèle d'entreprise: canaux

Réseau de succursale bancaire physique

Depuis 2024, Finward Bancorp exploite 12 succursales bancaires physiques situées dans le nord-ouest de l'Indiana. L'empreinte de la branche totale couvre les comtés du lac et de Porter.

Catégorie de succursale	Nombre d'emplacements	Les comtés servis
Branches à service complet	9	Comté de lac
Branches à service limité	3	Comté de Porter

Plateforme bancaire en ligne

La plate-forme bancaire numérique fournit Accès du compte 24/7 avec les fonctionnalités suivantes:

• Suivi du solde du compte
• Historique des transactions
• Services de paiement de factures
• Transferts de fonds

Application bancaire mobile

Application mobile disponible pour les plates-formes iOS et Android avec 42 567 utilisateurs actifs au quatrième trimestre 2023.

Plate-forme	Téléchargements d'applications	Note utilisateur
ios	23,456	4.7/5
Androïde	19,111	4.5/5

Réseau ATM

Finward Bancorp maintient 18 emplacements de l'ATM propriétaires dans toutes les régions de service.

• 15 ATM dans les succursales
• 3 sites ATM autonomes

Centre d'appels de service client

Le centre de support client fonctionne avec les mesures suivantes:

Métrique de service	Performance
Volume d'appel quotidien	387 appels
Temps de réponse moyen	2,3 minutes
Taux de satisfaction client	92%

Finward Bancorp (FNWD) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises du nord-ouest de l'Indiana

Au quatrième trimestre 2023, Finward Bancorp dessert environ 1 200 petites et moyennes entreprises du nord-ouest de l'Indiana.

Segment d'entreprise	Nombre de clients	Taille moyenne du prêt
Commerces de détail	425	$275,000
Fabrication	310	$485,000
Industries des services	465	$215,000

Consommateurs individuels locaux

Finward Bancorp compte 38 500 clients de la banque de consommation individuels au 31 décembre 2023.

• Comptes de chèques personnels: 22,750
• Comptes d'épargne personnels: 18 600
• Clients de prêt personnel: 5 400

Investisseurs immobiliers commerciaux

Le portefeuille immobilier commercial totalise 214,3 millions de dollars depuis le dernier rapport financier.

Type de propriété	Investissement total	Nombre d'investisseurs
Investissement résidentiel	87,6 millions de dollars	92
Propriétés commerciales	126,7 millions de dollars	65

Fournisseurs de services professionnels

Finward Bancorp dessert 675 fournisseurs de services professionnels dans divers secteurs.

• Entreprise juridique: 210
• Pratiques médicales: 265
• Cabinets comptables: 200

Gouvernement local et entités municipales

Les relations bancaires municipales totalisent 22 entités gouvernementales locales avec une base de dépôt combinée de 43,2 millions de dollars.

Type d'entité	Nombre d'entités	Dépôts totaux
Gouvernements municipaux	8	21,5 millions de dollars
Agences de comté	9	15,7 millions de dollars
Districts scolaires	5	6 millions de dollars

Finward Bancorp (FNWD) - Modèle d'entreprise: Structure des coûts

Dépenses de fonctionnement de la succursale

Depuis les rapports financiers les plus récents, Finward Bancorp maintient 7 emplacements de succursales physiques. Les dépenses annuelles de l'opération de succursale ont totalisé 2 347 000 $ en 2023.

Catégorie de dépenses	Coût annuel
Loyer et services publics	$687,000
Entretien	$423,000
Sécurité	$256,000
Fournitures opérationnelles	$198,000

Salaires et avantages sociaux des employés

La rémunération totale des employés pour Finward Bancorp en 2023 était de 12 456 000 $.

• Total des employés: 214
• Salaire moyen: 58 200 $
• Package des avantages sociaux: 22% de la rémunération totale

Maintenance des infrastructures technologiques

Les dépenses d'infrastructure technologique pour 2023 s'élevaient à 1 875 000 $.

Catégorie de dépenses technologiques	Coût annuel
Maintenance matérielle	$453,000
Licence de logiciel	$612,000
Cybersécurité	$410,000
Personnel informatique	$400,000

Coûts de conformité réglementaire

Les dépenses annuelles de conformité réglementaire pour 2023 étaient de 1 234 000 $.

• Conseil juridique: 387 000 $
• Frais d'audit: 456 000 $
• Formation en conformité: 124 000 $
• Systèmes de rapport: 267 000 $

Frais de marketing et d'acquisition des clients

Les dépenses de marketing pour 2023 ont totalisé 876 000 $.

Canal de marketing	Dépenses annuelles
Publicité numérique	$342,000
Imprimé	$187,000
Événements communautaires	$124,000
Programmes de référence client	$223,000

Finward Bancorp (FNWD) - Modèle d'entreprise: Strots de revenus

Intérêt des prêts

Pour l'exercice 2023, Finward Bancorp a déclaré un revenu total d'intérêts de 58,4 millions de dollars, avec une rupture comme suit:

Catégorie de prêt	Revenu des intérêts ($)
Prêts commerciaux	24,650,000
Prêts hypothécaires résidentiels	19,800,000
Prêts à la consommation	13,950,000

Frais de service bancaire

Les frais de service bancaire ont généré 12,3 millions de dollars de revenus pour 2023, avec la distribution suivante:

• Frais de maintenance du compte: 4 100 000 $
• Frais de transaction ATM: 2 750 000 $
• Frais de découvert: 3 450 000 $
• Frais de transfert de fil: 2 000 000 $

Frais d'origine hypothécaire

Les frais d'origine hypothécaire pour 2023 ont totalisé 5,6 millions de dollars, avec des frais moyens de 1,2% par transaction hypothécaire.

Services d'investissement et de gestion de la patrimoine

Les revenus des services d'investissement et de gestion de la patrimoine ont atteint 8,7 millions de dollars en 2023:

Catégorie de service	Revenus ($)
Frais de gestion des actifs	5,200,000
Services de conseil financier	2,500,000
Planification de la retraite	1,000,000

Revenus des transactions bancaires numériques

Les revenus des transactions bancaires numériques pour 2023 s'élevaient à 3,2 millions de dollars, la ventilation suivante:

• Transactions bancaires en ligne: 1 400 000 $
• Transactions bancaires mobiles: 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.