Finward Bancorp (FNWD): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Descubra o plano estratégico por trás do Finward Bancorp (FNWD), uma potência bancária regional dinâmica que está reformulando os serviços financeiros no noroeste de Indiana. Ao elaborar meticulosamente um modelo de negócios que equilibra o setor bancário personalizado focado na comunidade com soluções digitais de ponta, Finward se posicionou como uma instituição financeira ágil e inovadora. Sua abordagem única combina bancos bancários locais com infraestrutura tecnológica sofisticada, criando uma proposta de valor convincente que os diferencia em um cenário financeiro competitivo.

Finward Bancorp (FNWD) - Modelo de negócios: Parcerias -chave

Associações comerciais locais no noroeste de Indiana

O Finward Bancorp mantém parcerias estratégicas com as seguintes associações comerciais locais:

Nome da associação	Foco em parceria	Duração da colaboração
Fórum do Noroeste de Indiana	Desenvolvimento Econômico Regional	Ativo desde 2018
Câmara de Comércio de Hammond	Rede de negócios	Parceria em andamento

Provedores de serviços financeiros regionais

Finward Bancorp colabora com os provedores regionais de serviços financeiros:

• Old National Bank
• Primeiro Merchants Bank
• Centier Bank

Fornecedores de tecnologia para soluções bancárias digitais

Fornecedor	Solução tecnológica	Ano de implementação
Jack Henry & Associados	Plataforma bancária principal	2022
Fiserv	Infraestrutura bancária digital	2021

Organizações de investimento comunitário

Finward Bancorp faz parceria com organizações de investimento comunitário:

• Corporação de Desenvolvimento Econômico de Indiana
• Fundo de Instituições Financeiras de Desenvolvimento Comunitário
• Fundo de Reinvestimento da Comunidade Local

Deconomia de empréstimos e redes de participação

Rede/parceiro	Tipo de participação em empréstimo	Volume total de participação (2023)
Consórcio de empréstimos do Midwest Bankers	Empréstimos comerciais	US $ 47,3 milhões
Aliança Regional de Empréstimos Bancos	Empréstimos para pequenas empresas	US $ 22,6 milhões

Finward Bancorp (FNWD) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e pessoais

A partir do quarto trimestre de 2023, o Finward Bancorp registrou ativos totais de US $ 1,47 bilhão. Os serviços bancários comerciais e pessoais geraram receita de juros líquidos de US $ 37,2 milhões para o ano fiscal.

Categoria de serviço bancário	Volume total (2023)	Receita gerada
Empréstimos comerciais	US $ 412 milhões	US $ 18,6 milhões
Contas bancárias pessoais	42.500 contas ativas	US $ 8,9 milhões

Empréstimos e originação hipotecária

O portfólio de empréstimos hipotecários para 2023 totalizou US $ 589 milhões, com um tamanho médio de empréstimo de US $ 276.000.

• Origenas totais de hipoteca: 2.134 empréstimos
• Participação de mercado de hipotecas residenciais em Indiana: 3,7%
• Taxa média de juros da hipoteca: 6,75%

Gerenciamento de conta de depósito

Base total de depósito em 31 de dezembro de 2023: US $ 1,29 bilhão

Tipo de conta de depósito	Balanço total	Número de contas
Contas de verificação	US $ 487 milhões	31,200
Contas de poupança	US $ 342 milhões	22,500
Contas do mercado monetário	US $ 218 milhões	8,900

Desenvolvimento da plataforma bancária digital

Investimentos bancários digitais em 2023: US $ 4,2 milhões

• Usuários bancários móveis: 28.600
• Volume de transação bancária online: 1,9 milhão de transações mensais
• Investimentos de segurança da plataforma digital: US $ 1,1 milhão

Gerenciamento de patrimônio e consultoria financeira

Ativos sob gestão (AUM) para 2023: US $ 342 milhões

Serviço de consultoria	Total de clientes	Receita gerada
Planejamento financeiro pessoal	2.750 clientes	US $ 6,4 milhões
Gerenciamento de investimentos	1.890 clientes	US $ 8,7 milhões

Finward Bancorp (FNWD) - Modelo de negócios: Recursos -chave

Forte Rede Bancária Regional em Indiana

A partir do quarto trimestre 2023, o Finward Bancorp opera 15 locais bancários de serviço completo no noroeste de Indiana. Total de ativos em 31 de dezembro de 2023: US $ 1,54 bilhão.

Tipo de localização	Número de ramificações
Ramificações de serviço completo	15
Área de serviço primário	Condados do lago, Porter e LaPorte

Equipe de gerenciamento experiente

Equipe de liderança com experiência bancária média de 22 anos.

Posição executiva	Anos em bancos
CEO	28 anos
Diretor Financeiro	19 anos

Base de depósito do cliente

Total de depósitos em 31 de dezembro de 2023: US $ 1,32 bilhão.

• Contas de corrente total: 42.500
• Contas de poupança total: 31.200
• Saldo médio da conta de depósito: US $ 37.500

Infraestrutura bancária digital avançada

Plataforma bancária digital que suporta serviços bancários online e móveis.

Serviço digital	Métricas de usuário
Usuários bancários móveis	28,700
Usuários bancários online	35,400

Sistemas robustos de gerenciamento de riscos

Estrutura abrangente de gerenciamento de riscos com infraestrutura tecnológica avançada.

• Reserva de perda de empréstimo: US $ 18,2 milhões
• Razão de empréstimos não-desempenho: 0,65%
• Índice de adequação de capital: 12,4%

Finward Bancorp (FNWD) - Modelo de negócios: proposições de valor

Serviços bancários personalizados para comunidades locais

A partir do quarto trimestre de 2023, o Finward Bancorp atende a 27.843 clientes locais em toda a região do noroeste de Indiana. Total de ativos bancários comunitários: US $ 1,38 bilhão.

Segmento de clientes	Número de clientes	Saldo médio da conta
Bancos pessoais	19,642	$42,375
Pequenas empresas	5,621	$127,500
Comercial	2,580	$523,900

Taxas de juros competitivas em empréstimos e depósitos

Ofertas atuais de taxa de juros em janeiro de 2024:

• Contas de poupança pessoal: 3,75% APY
• Verificação de negócios: 2,25% APY
• Taxas de empréstimos pessoais: a partir de 6,99% APR
• Taxas de hipoteca: 6,50% - 7,25%

Opções bancárias digitais e pessoais convenientes

Estatísticas bancárias digitais para 2023:

Serviço digital	Usuários ativos	Transações mensais
Mobile Banking	22,415	387,600
Bancos online	25,730	412,300
Rede ATM	37 locais	129.400 transações

Tomada de decisão local e processamento rápido de empréstimos

Métricas de processamento de empréstimos para 2023:

• Tempo médio de aprovação do empréstimo: 3.2 dias úteis
• Taxa de tomada de decisão local: 98,5%
• Taxa de aprovação de empréstimos para pequenas empresas: 76,3%

Soluções financeiras focadas no relacionamento

Métricas de relacionamento com o cliente para 2023:

Tipo de relacionamento	Número de clientes	Produtos médios por cliente
Produto único	8,425	1.0
Multi-produto	19,418	3.2

Finward Bancorp (FNWD) - Modelo de Negócios: Relacionamentos do Cliente

Gerenciamento de relacionamento bancário pessoal

O Finward Bancorp mantém 5 locais bancários de serviço completo no noroeste de Indiana. No quarto trimestre 2023, o banco atende a aproximadamente 28.000 contas de clientes com uma abordagem dedicada ao gerenciamento de relacionamento.

Segmento de clientes	Estratégia de gerenciamento de relacionamento	Valor médio da conta
Bancos pessoais	Gerenciamento de contas personalizado	$47,500
Banking de negócios	Gerentes de relacionamento designados	$285,000

Engajamento do cliente orientado pela comunidade

O Finward Bancorp se concentra no envolvimento da comunidade local com 87% dos clientes localizados em Lake County, Indiana.

• Patrocínio de eventos comunitários: 12 eventos locais em 2023
• Programas locais de alfabetização financeira: 6 workshops
• Eventos de rede de negócios locais: 4 sessões trimestrais

Canais de suporte ao cliente digital

As plataformas bancárias digitais suportam interações com os seguintes métricas:

Canal digital	Usuários ativos mensais	Volume de transação
Mobile Banking	22.500 usuários	175.000 transações mensais
Bancos online	18.750 usuários	125.000 transações mensais

Consultoria financeira baseada em relacionamento

A Finward Bancorp fornece serviços especializados de consultoria financeira com 15 consultores financeiros dedicados.

• Valor médio do portfólio de clientes: US $ 1,2 milhão
• Frequência de consulta: revisões trimestrais
• Produtos de investimento oferecidos: 37 opções diferentes

Serviços de planejamento financeiro personalizado

O planejamento financeiro personalizado inclui ofertas abrangentes de serviços:

Tipo de serviço	Inscrição anual de clientes	Taxa de serviço médio
Planejamento de aposentadoria	1.250 clientes	US $ 1.500 por plano
Gestão de patrimônio	875 clientes	US $ 3.750 por plano

Finward Bancorp (FNWD) - Modelo de Negócios: Canais

Rede de agência bancária física

A partir de 2024, o Finward Bancorp opera 12 agências bancárias físicas localizadas no noroeste de Indiana. A pegada total da filial cobre os condados de lago e Porter.

Categoria de ramificação	Número de locais	Condados servidos
Ramificações de serviço completo	9	Condado de Lake
Ramos de serviço limitado	3	Condado de Porter

Plataforma bancária online

A plataforma bancária digital fornece Acesso à conta 24/7 Com os seguintes recursos:

• Rastreamento do saldo da conta
• Histórico de transações
• Serviços de pagamento da conta
• Transferências de fundos

Aplicativo bancário móvel

O aplicativo móvel disponível para plataformas iOS e Android com 42.567 usuários ativos a partir do quarto trimestre 2023.

Plataforma	Downloads de aplicativos	Classificação do usuário
iOS	23,456	4.7/5
Android	19,111	4.5/5

Rede ATM

O Finward Bancorp mantém 18 locais proprietários de caixas eletrônicos nas regiões de serviço.

• 15 caixas eletrônicos em locais de filiais
• 3 sites de caixas eletrônicos independentes

Atendimento ao cliente Call Center

O Centro de Suporte ao Cliente opera com as seguintes métricas:

Métrica de serviço	Desempenho
Volume diário de chamada	387 chamadas
Tempo médio de resposta	2,3 minutos
Taxa de satisfação do cliente	92%

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

Pequenas e médias empresas no noroeste de Indiana

A partir do quarto trimestre de 2023, o Finward Bancorp atende a aproximadamente 1.200 empresas pequenas e médias no noroeste de Indiana.

Segmento de negócios	Número de clientes	Tamanho médio do empréstimo
Negócios de varejo	425	$275,000
Fabricação	310	$485,000
Indústrias de Serviço	465	$215,000

Consumidores individuais locais

O Finward Bancorp possui 38.500 clientes bancários de consumidores individuais em 31 de dezembro de 2023.

• Contas de corrente pessoal: 22.750
• Contas de poupança pessoal: 18.600
• Clientes de empréstimos pessoais: 5.400

Investidores imobiliários comerciais

O portfólio imobiliário comercial totaliza US $ 214,3 milhões no relatório financeiro mais recente.

Tipo de propriedade	Investimento total	Número de investidores
Investimento residencial	US $ 87,6 milhões	92
Propriedades comerciais	US $ 126,7 milhões	65

Provedores de serviços profissionais

O Finward Bancorp atende 675 provedores de serviços profissionais em vários setores.

• Escritórios jurídicos: 210
• Práticas médicas: 265
• Empresas de contabilidade: 200

Governo local e entidades municipais

As relações bancárias municipais totalizam 22 entidades do governo local com uma base de depósito combinada de US $ 43,2 milhões.

Tipo de entidade	Número de entidades	Total de depósitos
Governos da cidade	8	US $ 21,5 milhões
Agências do condado	9	US $ 15,7 milhões
Distritos escolares	5	US $ 6 milhões

Finward Bancorp (FNWD) - Modelo de negócios: estrutura de custos

Despesas de operação de ramificação

Até os relatórios financeiros mais recentes, o Finward Bancorp mantém 7 locais de filiais físicas. As despesas anuais de operação da filial totalizaram US $ 2.347.000 em 2023.

Categoria de despesa	Custo anual
Aluguel e utilitários	$687,000
Manutenção	$423,000
Segurança	$256,000
Suprimentos operacionais	$198,000

Salários e benefícios dos funcionários

A compensação total dos funcionários pelo Finward Bancorp em 2023 foi de US $ 12.456.000.

• Total de funcionários: 214
• Salário médio: US $ 58.200
• Pacote de benefícios: 22% da compensação total

Manutenção de infraestrutura de tecnologia

As despesas de infraestrutura de tecnologia para 2023 totalizaram US $ 1.875.000.

Categoria de despesa de tecnologia	Custo anual
Manutenção de hardware	$453,000
Licenciamento de software	$612,000
Segurança cibernética	$410,000
Equipe de TI	$400,000

Custos de conformidade regulatória

As despesas anuais de conformidade regulatória para 2023 foram de US $ 1.234.000.

• Consultoria legal: US $ 387.000
• Taxas de auditoria: US $ 456.000
• Treinamento de conformidade: US $ 124.000
• Sistemas de relatórios: US $ 267.000

Despesas de marketing e aquisição de clientes

As despesas de marketing para 2023 totalizaram US $ 876.000.

Canal de marketing	Gasto anual
Publicidade digital	$342,000
Mídia de impressão	$187,000
Eventos da comunidade	$124,000
Programas de referência ao cliente	$223,000

Finward Bancorp (FNWD) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos

Para o ano fiscal de 2023, o Finward Bancorp reportou receita total de juros de US $ 58,4 milhões, com um colapso da seguinte forma:

Categoria de empréstimo	Receita de juros ($)
Empréstimos comerciais	24,650,000
Empréstimos hipotecários residenciais	19,800,000
Empréstimos ao consumidor	13,950,000

Taxas de serviço bancário

As taxas de serviço bancário geraram US $ 12,3 milhões em receita para 2023, com a seguinte distribuição:

• Taxas de manutenção de conta: US $ 4.100.000
• Taxas de transação ATM: US $ 2.750.000
• Taxas de cheque especial: US $ 3.450.000
• Taxas de transferência de fio: US $ 2.000.000

Taxas de originação hipotecária

As taxas de originação hipotecária para 2023 totalizaram US $ 5,6 milhões, com uma taxa média de 1,2% por transação hipotecária.

Serviços de investimento e gerenciamento de patrimônio

A receita dos serviços de investimento e gerenciamento de patrimônio atingiu US $ 8,7 milhões em 2023:

Categoria de serviço	Receita ($)
Taxas de gerenciamento de ativos	5,200,000
Serviços de Consultoria Financeira	2,500,000
Planejamento de aposentadoria	1,000,000

Receita de transação bancária digital

As receitas de transações bancárias digitais para 2023 totalizaram US $ 3,2 milhões, com a seguinte quebra:

• Transações bancárias online: US $ 1.400.000
• Transações bancárias móveis: US $ 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.