Finward Bancorp · NASDAQ:FNWD
Finward Bancorp — Raymond James U.S. Banking Conference 2024
17 slides from Finward Bancorp's conference presentation, Sep 5, 2024
Slide 1: Raymond James U.S. Banking Conference Investor Presentation
>> FINWARD BANCORP Symbol: FNWD (NASDAQ-Traded) Raymond James U.S. Banking Conference Investor Presentation September 5, 2024
Slide 2: Important Information
September 2024 Important Information Forward-Looking Statements ‘This presentation may contain fowarcooking statements regarding the financial performance, business prospects, growth and operating strategies of Finward Bancorp ("FNWD". For these statements, FWD caims the protections of the safe harb
Slide 3: Finward Outlook
September 2024 Finward Outlook Track Record of Expanding Relationship-Based Banking = Community-focused across desirable markets in Northwest Indiana and well-diversified into Chicagoland area = Have grown the bank from $776 million to $2.1 billion in assets over the last 10 years (10.3% CAGR) + Dem
Slide 4: Overview of Finward Bancorp
September 2024 Overview of Finward Bancorp * Finward serves as the holding company for Peoples Bank, a FNWD(25) @ 14-year-old bank headquartered in Munster, Indiana * Community bank with meaningful presence in the Chicago city market and Chicagoland suburban market * Committed to our core values of
Slide 5: Executive Management Team
September 2024 Executive Management Team Yearsof Banking Year Started at Officer Experience Finward Bancorp _Positionwith Company Multi-generational leadership Benjamin J. team with decadesof ek 14 2010 Chief Executive Officer ‘combined experience working together markets New leaders & accounting, r
Slide 6: Net Interest Margin
Net Interest Margin Net Interest Margin (S$ Millions) mmm Netinterestincome —+—NetInterestMargin-Tax Equivalent’) so iis 92-23 Q3-23 04-23 Q1-24 Q2-24 Total Interest Income ($ Millions) mm Total interest Income —*—Total Yield on EarningAssets nn 451% 464% 452% 464% 92.23 93:23 423 Q4L24 92-24 >» FIN
Slide 7: Funding
Funding Total Interest-Bearing Liabilities ($ Millions) wm TotalDeposits m Repurchase Agreements and Borrowings $196 as sus $128 $131 92.23 93.23 94.23 QL24 92-24 Detailed Cost of Interest-Bearing Liabilities —2— Cont of Repurchase Agreements: —e— Cost of Borrowed Funds 459% 480% a1 2S. 2.70% 3.89%
Slide 8: Investment Securities
Investment Securities Total Securities ($ millions) mmm Securties MarketValue —e=-Yield on Securities 257% 2.36% 2.41% 237% 2.43% 92.23 93:23 423 QL24 92-24 Accumulated Other Comprehensive Loss Balance mms Qty Accumulated Other Comprehensive Losses —e— Quarter Ending7-Year UST Yield $79 $96 $82 $56
Slide 9: Total Loans
Total Loans Total Loans ($ millions) 92.23 93:23 423 2.24 Yield on Loans gu24 nn 5.11% some Som _— ~ 491% ae 92.23 9323 423 Q124 9224 D>» FINWARD BANCORP Total Loans Organic Loan Growth = Aggregate loan portfoliohas remained relatively flat since December 31, 2023 as the Bank has focused on key rela
Slide 10: Commercial Loans
Commercial Loans + Well diversified commercial oan portfolio driven by relationship- based approach in known markets through Northwest Indiana and Chicagoland-area + Non-performing multifamily loans as a percentage of total multifamily loans is 1.40% as of June 30, 2024, compared to 1.69% as of Dece
Slide 11: Asset Quality Summary
Asset Quality Summary = At June 30, 2024, non-performing loans totaled $11.3 million (0.75% of loans), compared to $11.5 million at December 31, 2023 (0.76% of loans), a decrease of $0.2 million = CRE and multifamily loans totaled $5.6 million or 50% of the Bank's total nonaccrual loans at June 30,
Slide 12: Diversified Sources of Fee Income
Diversified Sources o Non-Interest Income Busine: umFees and Service Charges m Wealth Management 1 Gain on Sale of Loans = BOLI » Other ‘qu24) 2.23 93.23 94.23 224 Wealth Management (Assets Under Management) $387 saa $387 ian $391 2.23 93.23 9423 uz 92.24 D>» FINWARD BANCORP September 2024 f Fee Inc
Slide 13: Ongoing Expense Management
September 2024 Ongoing Expense Management Total Branches Non-interest Expet Ratio 1mm Deposits perBranch —+— Active Branches mmm TotalNon-interestEypense —eeNIE/Avg Assets 31 3.05% 3.05% 4 32k 6m% 2.65% 362. $55.2 2020 2021 2022 2023 224 Average Assets to FTE Focused Expense Management = Allcost red
Slide 14: Capital Levels
Capital Levels 1 Tangible Bock Value per Dilted Share Adjustedtor AOCI") «Tangible Book Value perDiuted Stare $39.62 $39.96 $4031 Hes hats 423 124 92.24 Tangible Common Equity to Total Assets © Tangible Common Equity toTota Assets adjustedtor AOC! "= Tangible CommonEquity toTatal Assets. 881% 879% 7
Slide 15: Thank You
THANK YOU 2D FINWARD BANCORP
Slide 16: Appendix
APPENDIX 2D FINWARD BANCORP
Slide 17: Non-GAAP Reconciliation
September 2024 Non-GAAP Reconciliation e_commerce a a oe ot a ee) <— ae a — eo ee ee ee sees eect ae Bes ame + eam Per Te : : ik 8 ~ _> FINWARD — : r BANCORP
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