Finward Bancorp · NASDAQ:FNWD
Finward Bancorp — Investor Presentation (September 2023)
18 slides from Finward Bancorp's investor presentation, Sep 7, 2023
Slide 1: Finward Bancorp September 2023
September 2023 > FINWARD BANCORP A NASDAQ Traded Company Symbol: FNWD September 2023 D> FINWARD a BANCORP
Slide 2: Important Information: Forward-Looking Statements
September 2023 Important Information Forward-Looking Statements “This presentation may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Finward Sancorp (’FRWD"), For these statements, FNWO claims the protections of the saf
Slide 3: Finward Outlook
September 2023 Finward Outlook Track Record of Expanding the Peoples Bank Franchise Community-focused across desirable markets in Northwest Indiana and well-diversified into Chicagoland area Have grown the bank from $683 million to $2.2 billion in assets over the last 10 years (10.9% CAGR) Demonstra
Slide 4: Overview of Finward Bancorp
Overview of Finward Bancorp FNWD (26) @ Company Overview = Finward serves as the holding company for Peoples Bank, a 13-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 S
Slide 5: Executive Management Team
Seatember 2023 Executive Management Team Years of Year Started at Officer Industry inward Bancorp Position with Company Experience = Multi-generational Benjamin. 13 2010 Chairman & Chief Executive Officer _leadership team with Bochnowski decades of combined experience working together Executive VP &
Slide 6: Corporate History
Corporate History Total Organic Acquired Assets $865 $775 = oa 4 2013 2014 2015 2016 2017 2018 2019 2020 ‘= Management * Completed = Ben — ‘Todd Scheub + completed + Completed © announced ke tration Bochnowski Pothmowsk! named EVP& acquition of acqustion of ecutive. began ame addled CEOtIe Chief Ban
Slide 7: Net Interest Margin
Net Interest Margin Net Interest Margin ($ Millions) merrier ca Tester agn-tx sail am 300% ar hssoiid 3.03% sin sis [| | T : ir az o322 azz axzs 223 tal Interest Income ($ Millions) Hol meestcone asl etanring ae 421% 420% bias soos 330% lez 99 s202 as22 own (2) Taxadusted net Interest margin (2 non-
Slide 8: Funding
Seatember 2023 Funding Total Interest-Bearing Liabilities ($ millions) Q2-22 Total Deposits Q2-23 Total Deposits (Total depasts Borrowings and repurchase agreements i ' i an B22 422 123 223 Cost of Interest-Bearing Liabilities Funding and Available Borrowing Capacity mesos of epurchase agreements —e
Slide 9: Securities
Securities tal Securit ($ millior Unrealized Gan/itoss)eaSecurties Market Value sara 3459 3355 sist 3073) er 54) 3178) 222 0322 82 as 223 2.36% 230%, 2 2 0822 123 223 D> FINWARD BANCORP Seatember 2023 Ws, UST. 0% TPS, ust, o0% has sAgency. 20% Be US Agency, 21% __——wo, bevy ea 2038 Unrealized Losses
Slide 10: Total Loans ($ millions)
Total Loans ($ millions) $1489 an Yield on Loans ry a2 Total Loans 1.886 31509 wn 822 4.66% Coro a2 D> FINWARD BANCORP 51516 123 457%. $1530 223 -22 Total Loans Organic Loan Growth = The Bank's aggregate loan portfolio totaled $1.53 billion on June 30, 2023, compared to $1.51 billion on December 31,
Slide 11: Commercial Loans
Seatember 2023 Commercial Loans Strong Commercial Loan Portfolio CRE Owner Occupied ($215.9 Million) + Well diversified commercial loan portfolio Esteem reat Less than 1% of multifamily is non-performing Mantacung 42% ——7 + Non-performing multifamily loans as a percentage of total tend ats multifami
Slide 12: Asset Quality
Seatember 2023 Asset Quality On January 1, 2023, the Bancorp adopted ASU No. 2016-13 resulting in an implementation entry of $8.3 million, increasing the allowance for credit loss (ACL) by $5.2 million and unfunded commitment liability of $3.1 million, and also resulting in retained earnings decreas
Slide 13: Diversified Sources of Fee Income
Diversified Sources of Fee Income Non-Interest Income Business ‘Fees and Senice Charges [sin on Sale oftoons Weak Managemen other $3.9 528 $2.6 [05] (2) [sos] soa [304] soca 02.22 03.22 08-22 ans 02.28 Wealth Management (Assets Under Management) =o $387 $361 $328 $330 2 03.22 422 ans 22s D> FINWARD
Slide 14: Focused Expense Management
Seatember 2023 Focused Expense Management tal Branches. EDepcsis per Brench(000'} — —meTotal Branches 26 2% 26 - a $68,295 $68,270 $69.46, 50.04 $59,197 2020 20a 2022 123 a2 Average Assets to FTE $7.87 . D> FINWARD BANCORP Nonsinterest Expense Ratio, eTecnoninsesecpnse aN oust 307% Se use Say Soca $
Slide 15: Capital Levels
Capital Levels ‘rTangile bck value per duted share @ [Feng book value per dite share adjusted for AO $3357 $40.36 $3382 JL Tangible Common Equity to Total Assets [Dangle common equtyt0 total assets itTangile common equity to total asets adjusted for Aca”! _ > Frwanp Seatember 2023 Tier 1 Bank Capita
Slide 16: Thank You
THANK YOU BANCORP
Slide 17: Appendix
APPENDIX BANCORP
Slide 18: Non-GAAP Reconciliation
Seatember 2023 Non-GAAP Reconciliation {covesin hon) ‘eee moth ate sigan Ens TET TST Detar eae EE ue Toes une POE ale omnon uy rs equty Fe or (aass) 22285) (2255) sts) cis (zass) cis) threes es) 140) (475) (a) (st) aa (ste Tagise conan egy ot sR is rT iouit rors Caleta af tegiblecammon equ ante ar e
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