Finward Bancorp · NASDAQ:FNWD
Finward Bancorp — Stephens Banking Forum (September 2024)
17 slides from Finward Bancorp's conference presentation, Sep 18, 2024
Slide 1: Finward Bancorp Investor Presentation, Stephens Banking Forum
>> FINWARD BANCORP Symbol: FNWD (NASDAQ-Traded) Stephens Banking Forum Investor Presentation September 18, 2024
Slide 2: Important Information: Forward-Looking Statements
September 2024 Important Information Forward-Looking Statements ‘This presentation may contain fonwardooking statements regarding the financial performance, business prospects, growth and operating strategies of Finward Bancorp ("FAWD". For these statements, FWD caims the protections of the safe har
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 $2.1 billion in assets over the last 10 years (10.3% CAGR) + Dem
Slide 4: Overview of Finward Bancorp
Overview of Finward Bancorp ompany Overview * Finward serves as the holding company for Peoples Bank, a 14-year-old bank headquartered in Munster, Indiana * Community bank with meaningful presence in the Chicago city market and Chicagoland suburban market * Committed to our core values of Stability,
Slide 5: Executive Management Team
Executive Management Team Yearsof Banking _—_Year Started at Officer Experience Finward Bancorp _Positionwith Company Multi-generational leadership jami aaah eel ara 14 2010 Chief Executive Officer ‘combined experience working together Seasoned bankingteam with fi deep tiesto core operating markets
Slide 6: Net Interest Margin
Net Interest Margin Net Interest Margi ($M + NetinterestMargin-TaxEquivatent ions) mmm Netinterestincome 3.03% 287% 2.80% 257% 267% 92-23 93-23 04.23 124 92.24 Total Interest Income ($ Millions) mmr Total interest Income | —*—Total Yield on EarningAssets wae 451% 464% 4.52% 464% 9223 93.23 423 Qi 22
Slide 7: Funding
Funding Total Interest-Bearing Liabilities ($ Millions) wTotalDeposits m Repurchase Agreements and Borrowings $196 $148 gi $128 sas 92.23 x Qu24 224 13.23, 04.23 Detailed Cost of Interest-Bearing Liabilities —2— Cost of Repurchase Agreements. —e— Cost of Borrowed Funds 459% 480% a1 2S. 2.70% 3.89% 3
Slide 8: Investment Securities
Investment Securities Total Securities ($ millions) mmm Securities Market Value —e=Yield on Securities 257% 241% 2.43% 2.36% 237% ic 224 2.23 93-23 423 QL24 Accumulated Other Comprehensive Loss Balance mms Qty Accumulated Other Comprehensive Losses —e—Quarter-Ending7-Year UST Yield 461% 397% 28% 420
Slide 9: Total Loans
Total Loans Total Loans ($ millions) 92.23 95.23 423 124 2.24 Yield on Loans 9223 93.23 423 224 D>» FINWARD BANCORP gu24 September 2024 Total Loans - 2"4 Quarter 2024 ‘Commarcal Goverment, 0st land development, co ee Organic Loan Growth Gain on Sale of Loans + Aggregate loan portfoliohas . remained
Slide 10: Commercial Loans
Commercial Loans + Well diversified commercialloan 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 Non-Performing Asset and ACL Coverage 0.80% 92-23 93.23 94.23 = Four non-accrual commercial real estate office loans totaling $1.5 mi NPL / Total Loans ACL / NPL ACL / Loans Outstanding = At June 30, 2024, non-performing loans totaled $11.3 million (0.75% of loans), compared to
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 quad) 92.23 95.23 4.28 2.24 Wealth Management (Assets Under Management) $387 som $387 $395 soa 2.23 95.23 423 gu2 92.24 D>» FINWARD BANCORP September 2024 f Fee Inc
Slide 13: Ongoing Expense Management
September 2024 Ongoing Expense Management Total Branches Not! terest Expense Ra’ mmm Deposits perBranch © —+—Active Branches mmm TotalNon-interestEpense —eeNIE/Avg Assets 3 3.05% 3.05% Sb eed 279% 267% a 2.65% $552 224 2020 2021 2022 2023 224 Average Assets to FTE Focused Expense Management = All co
Slide 14: Capital Levels
Capital Levels i Tangible Bock Value per DittedShare Adjustedtor AOCI" «Tangible Book Value perDiuted Stare $42.36 $42.33 $3962 $39.96 $40.31 92.23 93.23 Tangible Common Equity to Total Assets 1m Tangible Common Equity toTota Assets adjustedtor AOC! "ls Tangible Common Equity toTatal Assets: 94.23 g
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 — : 9 BANCORP
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