Finward Bancorp DEFA14A Additional proxy soliciting materials

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Investor Presentation Monday, November 29, 2021

Finward Bancorp November 29, 2021 A NASDAQ Traded Company – Symbol FNWD 2

Additional Information for Shareholders 2 November 29, 2021 Additional Information for ShareholdersIn connection with the proposed merger with RYFL, Finward has filed with the SEC a Registration Statement on Form S-4 that includes a Joint Proxy Statement of RYFL and Finward, as well as a Prospectus of Finward (the “Joint Proxy Statement/Prospectus”), as well as other relevant documents concerning the proposed transaction. Finward and RYFL have mailed the definitive Joint Proxy Statement/Prospectus to shareholders of Finward and RYFL (which mailings were first made on or about November 8, 2021). SHAREHOLDERS AND INVESTORS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/ PROSPECTUS REGARDING THE MERGER AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY CONTAIN IMPORTANT INFORMATION.The Joint Proxy Statement/Prospectus and other relevant materials, and any other documents Finward has filed with the SEC, may be obtained free of charge at the SEC’s website at www.sec.gov. In addition, investors and security holders may obtain copies of the documents Finward has filed with the SEC, free of charge, from Finward at www.ibankpeoples.com under the tab “Investor Relations – SEC Filings.” Alternatively, these documents can be obtained free of charge from Finward upon written request to Finward Bancorp, Attn: Shareholder Services, 9204 Columbia Avenue, Munster, Indiana 46321, or by calling (219) 836-4400, and from RYFL upon written request to Royal Financial, Inc., Attn: Corporate Secretary, 9226 Commercial Avenue, Chicago, Illinois 60617, or by calling (773) 768-4800. The information available through Finward’s website is not and shall not be deemed part of this document or incorporated by reference into other filings Finward makes with the SEC.Finward, RYFL, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Finward and RYFL in connection with the proposed merger. Information about the directors and executive officers of Finward is set forth in Finward’s Annual Report on Form 10-K filed with the SEC on March 22, 2021, and in the proxy statement for Finward’s 2021 annual meeting of shareholders, as filed with the SEC on Schedule 14A on March 31, 2021. Additional information regarding the interests of these participants and any other persons who may be deemed participants in the transaction may be obtained by reading the Joint Proxy Statement/Prospectus regarding the proposed merger. Free copies of this document may be obtained as described in the preceding paragraph.

Forward-Looking Statements 2 Forward-Looking StatementsThis presentation may contain forward-looking statements regarding the financial performance, business prospects, growth and operating strategies of Finward Bancorp (“FNWD”). For these statements, FNWD claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Statements in this communication should be considered in conjunction with the other information available about FNWD, including the information in the filings FNWD makes with the Securities and Exchange Commission (“SEC”). Forward-looking statements provide current expectations or forecasts of future events and are not guarantees of future performance. The forward-looking statements are based on management’s expectations and are subject to a number of risks and uncertainties. Forward-looking statements are typically identified by using words such as “anticipate,” “estimate,” “project,” “intend,” “plan,” “believe,” “will” and similar expressions in connection with any discussion of future operating or financial performance.Although management believes that the expectations reflected in such forward-looking statements are reasonable, actual results may differ materially from those expressed or implied in such statements. Risks and uncertainties that could cause actual results to differ materially include: the significant risks and uncertainties for our business, results of operations, and financial condition, as well as our regulatory capital and liquidity ratios and other regulatory requirements caused by the COVID-19 pandemic, which will depend on several factors, including the scope and duration of the pandemic, its influence on financial markets, the effectiveness of our remote work arrangements and staffing levels in branches and other operational facilities, and actions taken by governmental authorities and other third parties in response to the pandemic; changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates, market liquidity, and capital markets, as well as the magnitude of such changes, which may reduce net interest margins; inflation; customer acceptance of FNWD’s products and services; customer borrowing, repayment, investment, and deposit practices; customer disintermediation; the introduction, withdrawal, success, and timing of business initiatives; competitive conditions; the inability to realize cost savings or revenues or to implement integration plans and other consequences associated with mergers, acquisitions, and divestitures; economic conditions; and the impact, extent, and timing of technological changes, capital management activities, and other actions of the Federal Reserve Board and legislative and regulatory actions and reforms.In addition to the above factors, we also caution that the actual amounts and timing of any future common stock dividends or share repurchases will be subject to various factors, including our capital position, financial performance, capital impacts of strategic initiatives, market conditions, and regulatory and accounting considerations, as well as any other factors that our Board of Directors deems relevant in making such a determination. Therefore, there can be no assurance that we will repurchase shares or pay any dividends to holders of our common stock, or as to the amount of any such repurchases or dividends. Further, statements about the effects of the COVID-19 pandemic on our business, operations, financial performance, and prospects may constitute forward-looking statements and are subject to the risk that the actual impacts may differ, possibly materially, from what is reflected in those forward-looking statements due to factors and future developments that are uncertain, unpredictable, and in many cases beyond our control, including the scope and duration of the pandemic, actions taken by governmental authorities in response to the pandemic, and the direct and indirect impact of the pandemic on our customers, third parties, and us.Disclosures Regarding Non-GAAP MeasuresThis presentation refers to certain financial measures that are identified as non-GAAP. FNWD believes that these non-GAAP measures are helpful to investors to better understand the FNWD’s assets, earnings, and shareholders’ equity at the date of this presentation. This supplemental information should not be considered in isolation or as a substitute for the related GAAP measures. See the attached table at the end of this presentation for a reconciliation of the non-GAAP measures identified herein and their most comparable GAAP measures. November 29, 2021

Overview of Finward Bancorp Non-GAAP calculation, see Pages 29, 30 & 31.Core net income, adjusted for realized gain on sale of securities, amortization of intangibles and nonrecurring items. Company Overview Branch Map Primary Business Segments Financial Highlights 110-year old bank headquartered in Munster, IndianaCommunity bank with core competency in commercial lending, funded by a formidable, low-cost core deposit franchiseNamed a Best Bank to Work for in America for 2015-2020 as well as a Top 200 Community Bank for 15 consecutive years by American Banker magazineCommitted to our core values of Stability, Integrity, Community and ExcellenceExpanded into Illinois via two successfully integrated acquisitionsGrowing a full-service wealth management business Community BankingIndiana state-chartered commercial bank organized in 191022 full-service retail locations across Indiana and Illinois (excludes the 9 Royal Financial locations to be added)14 person business banking teamFull service mortgage bankingcapabilities(1) NPAs / Assets excludes restructured loans from nonperforming assets. (2)(3) Wealth ManagementEstate & retirement planningCorporate fiduciary businessAdvisory & brokerageIRA & Keogh accounts$373M of assets under care12% YOY growth in revenues from 2019to 2020 $ in Millions 2019 2020 Q3 2021 YTD Total Assets $1,328 $1,496 $1,610 Total Gross Loans 906 965 956 Total Deposits 1,154 1,302 1,406 Total Equity 134 152 153 NPAs / Assets(1)(2) 0.72% 1.11% 0.93% NIM (FTE) 3.73% 3.64% 3.49% Core ROAA(2)(3) 0.91% 0.94% 0.88% Core ROATCE(2)(3) 10.6% 10.4% 9.9% Full-Time Employees 255 264 263 FNWD (22)RYFL (9) November 29, 2021 2

Investment Rationale Non-GAAP calculation, see Pages 29 & 30.Per March 2021 proxy statement. Beneficial ownership includes shares of restricted stock. Experienced Management Team Dynamic, enthusiastic management team with significant experience in Chicago area markets led by a highly accomplished Board of DirectorsExecutive management team well positioned to take the Company through the next phase of the strategic plan18%(2) insider ownership aligns management’s interests with shareholders Dynamic OperatingMarkets Operating in the “shadow” of Chicago; enjoying the positives of Chicago’s diverse economy with the benefit of being headquartered in IndianaWell positioned to grow through ample acquisition opportunities in our operating marketsVibrant, highly educated workforce Attractive & Growing Core Deposit Franchise Formidable and well established core deposit base of 90%(3) of total deposits growing in excess of 12.6% per year (2013-current)Dedicated to banking our clients’ entire relationship through whichever of our channels meets their needs Robust & Disciplined Growth Supporting Strong Profitability 9.8% TBV + Dividend CAGR since year-end 2013Emphasis on expanding both wealth management and business bankingOrganic growth enhanced by strategic acquisitions expanding reach into markets that are very similar to the legacy footprintCore ROAA of 0.88%(1) and core ROATCE of 9.9%(1) for the year-to-date period ending in Q3 2021 Strategic Investments in Infrastructure & Technology (3) Core deposits defined as total deposits less time deposits greater than $100K. 6 Focused on establishing scalable platforms for all business lines to support continued growthRe-engineering branch and digital banking channels while bolstering data analytics to better address client needsLeveraging technology to enhance operations, creating highly scalable processes November 29, 2021

Corporate History $693 $737 $808 $914 $927 $950 $1,149 $1,496 $1,610 $38 $57 $146 $179 $533 Note: Total assets as of December 31 for each period and September 30 for Q3 2021. 2014Completed acquisition of First Federal Savings & LoanBen Bochnowski named a DirectorCelebrated 30 years of being a publicly traded company 2015Ben Bochnowski named PresidentCompleted acquisition of Liberty Savings Bank 2016Ben Bochnowski added CEO titleDavid A. Bochnowski named Executive ChairmanRobert E. Johnson named a DirectorWealth management leadership transition 2017Todd Scheub named EVP & Chief Banking OfficerCompany repositioning balance sheet and focused on regulatory and compliance workLaunched new treasury management suite of services 2018Completed acquisition of First Personal, extending branch footprint into IllinoisCelebrated crossing the $1.0 billion in total assets mark 2019Completed acquisition of AJS Bancorp, solidifying the Illinois footprintPartnered with LPL Financial to provide certain wealth solutionsIncentive based compensation programs implemented 2020Announced key executive changes positioning our team for future growthBank subsidiary converted from a savings bank to an Indiana- chartered commercial bank $775 $865 $1,096 $1,328 Management Team Building Acquisitions Key Moments 2013Management transition beganBen Bochnowski named COODanette Garza named a Director Q3 2021Listed on NASDAQIntegrating Salesforce across platformChange name to Finward Bancorp, reflecting growth and evolution of the CompanyLeadership enhancements (CCO and CPO)July 2021: Announced acquisition of Royal Financial, Inc., expanding Illinois footprint Acquired Assets(1)Total Organic Assets $2,143 November 29, 2021 (1) Based on reported acquired assets per Company’s Audits and 10-K filings. 7

Executive Management Team Officer Years of Banking Experience Year Started at Finward Bancorp Position with Company Benjamin J. Bochnowski 11 2010 President & Chief Executive Officer Robert T. Lowry 36 1985 Executive VP & Chief Operating Officer Todd M. Scheub 26 1996 Executive VP & Chief Banking Officer Peymon S. Torabi 18 2003 Executive VP & Chief Financial Officer Leane E. Cerven 27 2010 Executive VP & Chief Risk Officer Tanya A. Leetz 27 1994 Executive VP & Chief Technology Officer Jill Washington 15 2021 Senior VP & Chief People Officer Multi-generational leadership team with decades of combined experience working togetherSignificant insider ownership of 18%(1) aligning interests with shareholdersSeasoned banking team with deep ties to core operating marketsRisk-aligned corporate culture, promoting responsibility and accountability November 29, 2021 (1) Per March 2021 proxy statement. Beneficial ownership includes shares of restricted stock. 8

Diverse Board of Directors Board Member Age Year Joined Board David A. BochnowskiExecutive Chairman 76 1977 Board Member Age Year Joined Board Benjamin J. BochnowskiPresident & CEO 41 2014 Donald P. Fesko 49 2005 Edward J. Furticella 74 2000 Danette Garza 67 2013 Joel Gorelick 74 2000 Board Member Age Year Joined Board Amy W. Han 58 2008 Robert E. Johnson III 52 2016 Kenneth V. Krupinski 74 2003 Anthony M. Puntillo 55 2004 James L. Wieser 74 1999 November 29, 2021 Note: See Appendix for Board of Directors biographies. 9

Dynamic & Attractive Operating Market $811.5 $475.7 $299.1 $232.2 $190.0 $187.3 $186.8 $163.6 $137.2 $100.4 New York Los Angeles Chicago Miami Dallas Washington, D.C. Philadelphia Houston Atlanta Phoenix $109.2 $86.5 $79.8 $76.8 $75.7 $75.4 $75.3 $71.1$69.0$62.6 Washington, D.C. New York Los Angeles Chicago Dallas Atlanta Philadelphia Phoenix Houston Miami 19.2 13.3 9.4 7.7 7.2 6.3 6.3 6.1 6.1 5.1 New York Los Angeles Chicago Dallas Houston Washington, D.C. Miami Atlanta Philadelphia Phoenix Population (millions) Household Income ($ thousands) Deposits ($ billions) 3rd Largest MSA Deposit Market(1) 3rd Most Populated MSA(2) 4th Highest MSA HH Income(3) U.S. Median HHI: $67.8 Key Employers in Operating Market FNWD Operating Market: The “Shadow” of Chicago Benefits from Chicago’s demographics and Indiana’s business-friendly environmentIndiana ranked 2nd among Midwest states for cost of doing business in 201928 Fortune 1000 companies combined headquartered throughout Chicago and Northwest IndianaChief Executive magazine ranked Indiana the 5th best state in the nation for business, placing it 1st in the Midwest in 2019Source: S&P Global Market Intelligence, Forbes, Fortune.com, Moody’s North America Cost Review, The Times of Northwest Indiana.Excludes non-retail deposits, branches with more than $500 million in deposits and closed branches as of June 30, 2021.Data represents estimated 2021 population per S&P Global Market Intelligence. November 29, 2021 (3) Ranking amongst ten largest populated MSAs of 2021. 10

Disciplined and Experienced Acquiror Transaction Date Closed April 2014 Closed July 2015 Closed July 2018 Closed January 2019 Announced July 2021 Transaction Value (1) (1) $16M $34M $53M Assets ($M)(2) $38M $57M $146M $179M $533M As a % of FNWD Assets 5% 7% 15% 16% 33% Loans ($M)(2) $29M $28M $95M $88M $464M Deposits($M)(2) $37M $56M $125M $144M $466M # of Branches 2 3 3 3 9 Source: S&P Global Market Intelligence.First Federal Savings & Loan Association of Hammond and Liberty Savings Bank, FSB transactions were voluntary supervisory conversions; FNWD did not pay any consideration as part of the transactions.Based on reported acquired amounts per Company’s Audits and 10-K filings. Liberty Savings Bank, FSB First Federal Savings & Loan Association ofHammond November 29, 2021 11

Acquisition of Royal Financial, Inc. (RYFL) Source: S&P Global Market Intelligence.Loan yield based on bank-level regulatory data and deposit cost based on BHC-GAAP data.Asset quality data based on bank-level regulatory data. Company OverviewRoyal Financial, Inc. has provided banking and financial services in the Chicagoland area since 1887 through its wholly-owned subsidiary Royal Savings BankHeadquartered in Chicago, IL and operates nine full-services branch locationsthroughout Chicago with lending centers in Homewood and St. Charles, ILConsistently profitable with net income of $5.2 million for the twelve months ended 6/30/2021, resulting in a LTM ROAA of 1.01% and ROATCE of 11.9%4.18%(1) yield on loans and 0.33%(1) cost of total deposits for the quarter ended 6/30/2021 Branch Map Transaction RationaleStrengthens presence in attractive Chicago market, with pro forma deposits of approximately $1.9 billion and top 25 deposit market share in the Chicago- Naperville-Elgin, IL-IN-WI MSAStrong EPS accretion of ~25% in the first year of fully realized cost savings with mid single-digits tangible book value dilution and an earn back of approximately2.3 years using the cross-over methodPro forma company positioned to benefit from growth potential of leveraging its present business model within those new and existing markets, while benefiting from a higher legal lending limit and additional products on the Finward platform 12 Financial Highlights Balance Sheet ($M) Capital Assets $533 TCE / TA 8.6% Net Loans (incl. HFS) $460 Deposits $466 Profitability (LTM) Asset Quality(2) NIM 3.42% NPAs/Assets 0.44% ROAA 1.01% LLR/Loans 0.83% ROATCE 11.9% LLR/NPLs 175.1% Efficiency Ratio 57.1% LTM NCOs/Avg. Loans (0.05%) November 29, 2021

Driving Service Excellence Relationships Transitioning from customers and features to relationships and solutionsDeepen ExpandMarkets Drive Efficiency Focus on what clients need to thriveBroaden product/service offerings Reduce complexityReduce cycle timeImprove sales growth Grow into new markets organicallyExpand product offeringsBuild scale through whole bank & team acquisitions Superior customer service supported by best in class technologyTechnology Partners November 29, 2021 12

4.79% 4.35% 4.37% 4.37% 4.37% 4.61% 4.85% 4.47% 4.17% 32.6% 28.3% 13.2% Construction & Land Development 11.6% MultifamilyHome Equity Manufactured Homes Other $438 $459 $544 $584 $620 $670 $818 $898 $67 $28 $95 $88 $33$923 2013 2014 2015 2019 2020 Q3 2021 Organic Loans PPP Loans Acquired Loans Well-Balanced, Growing Loan Portfolio Historical Gross Loans ($ Millions) Q3’21 Loan Portfolio by Collateral Type3.5% 1.1%Commercial Real Estate3.7%Residential Real Estate6.0%Commercial Business 2016 2017 2018Yield on Loans (%)(2) Lending StrategyCore competency in commercial lending (46% combined total of CRE and C&I)Growing C&I portfolio of $125.9 million ($93.0 million excl. PPP) as of 9/30/2021Named 2019 Lender of the Year by the Regional Development Company for commercial lending effortsContinuously making upgrades to residential mortgage platform with $225 million of originations in 2020 and $120 million for the year-to-date period ending in Q3 2021Portfolio mortgages mainly jumbo loans, high quality loans with 10-15 year terms, and acquired loans $965 $488$29 $572 $764 $906 Note: Total loans as of December 31 for each period and September 30 for Q3 2021; Q3 2021 excludes loans to be acquired from Royal Financial, which is expected to close in Q1 2022.Based on reported acquired loans per Company’s Audits and 10-K filings.Non-GAAP calculation, see Page 31. 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021Source: S&P Global Market Intelligence & Company Documents. YTD (1) $956 12 November 29, 2021

$ in Millions Residential Real Estate Manufactured Homes Commercial Business Multifamily COVID-19 Impacts $1.4 0.2% Credit Modifications / Deferrals 15 Prudently helping borrowers unable to meet contractual payment obligations due to COVID-19 Consistent with regulatory guidance, consider deferrals/modifications if borrower’s cash flow impacted by the pandemic Total deferrals/modifications of $1.5 million (0.2% of total loans) As of 9/30/2021, 100% of deferrals are interest only Source: Company Documents. $50.5 5.2% $63.5 $75.5 6.4% 7.7% Commercial Real Estate Home EquityConstruction & Land Development$84.9 8.7% 1.3% $20.02.1% $13.0 $14.3 $16.1 1.6% $14.9 1.5% 1.5% 1.9% $25.6 $18.4 2.6% 1.4% $19.7$13.5 2.0% $14.2 1.5% $5.7 0.6% $1.5 $1.5 $1.5 0.2% 0.2% 0.2% November 29, 2021

0.39% 0.35% 0.09% 0.23% 0.12% 0.18% 0.03% (0.00%) 2016 2017 Commercial Non-Accrual Non-Accrual TruPS Other NPAs Conservative Approach to Credit NPAs / Assets(1) $ in Millions $ in Millions Credit Philosophy Credit Underwriting and Administration Experienced banking team with deep knowledge of the Chicago area market empowered to be relationship bankers (not just lenders)Prudent risk identification and mitigation processes in place to proactively address risks in the loan portfolioCompete aggressively for new lending opportunities, but will always appropriately structure credits to minimize riskLoan portfolio is well diversified to reduce concentration risks Source: S&P Global Market Intelligence & Company Documents. (2) Excludes PPP Loan balances.(1) NPAs / Assets excludes restructured loans from nonperforming assets. (3) Non-GAAP calculation, see Page 31. Credit approval process is layered through Chief Business Banking Officer and loan committees (OLC, SOLC and Board EC)Additional personnel to be hired in near future60% of the portfolio was reviewed by an internal team or third party in 2020Stress test was conducted by an outside third party in 2020 and will be tested again this yearCommercial portfolio workout manager actively monitors and works with borrowers for problem creditsNCOs (Recoveries) / Avg. Loans Reserves / Loans (2)(3) $ in Millions LLR / Loans LLR / Loans(ex. M&A Discounts) (w/ M&A Discounts)1.89% 1.82%1.64% 1.60% 1.59% 1.64% 1.66% 1.84% 1.77% 1.30% 1.22% 1.32% 1.21% 1.04% 0.99% 1.39% 1.49% 0.91% 1.15% 1.05% 1.14% 0.99% 0.97% 0.72% 1.11% $6.3 $8.9 $9.1 $10.5 $9.2 $10.6 $9.5 $15.8 $14.6 $1.7 $1.7 $0.4 $0.5 $1.4 $0.8 $1.5 $0.2 $0.0 $7.2 $6.4 $7.0 $7.7 $7.5 $8.0 $9.0 $12.5 $13.8 0.93% 0.07%2013 2014 2015 2016 2017 2018 2019 2020 (2)Q3 2021(2) 2013 2014 2015 (2)(3) 2018 2019 2020(2)Q3 2021(2) 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021 YTD November 29, 2021 17

0.20% 0.20% 0.22% 0.24% 0.27% 0.45% 0.75% 0.43% 0.47% 0.37% 0.34% 0.40% 0.44% 0.70% 0.59% 0.31%0.16% 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021YTD 20.4% 22.4% 20.2% 18.1% 8.7% 10.1% Noninterest Bearing Checking Interest Bearing Checking Savings Money Market Retail Time <$100K Jumbo Time >$100K $793 $805 $1,010 $1,302 $1,406 $37 $56 $780 $125 $144 $573 $597 $659 2013 2014 2015 2016 2017 2018 2019 2020 Q3 202 1 Stable and Growing Core Deposit Franchise Historical Total Deposits ($ Millions) Q3’21 Deposit Composition Cost of Deposits (%) Source: S&P Global Market Intelligence & Company Documents.Note: Total deposits as of December 31 for each period and September 30 for Q3 2021; Q3 2021 excludes deposits to be acquired from RoyalFinancial, which is expected to close in Q1 2022..Based on reported acquired deposits per Company’s Audits and 10-K filings.Core deposits defined as total deposits less time deposits greater than $100K.Peer group consists of Midwest major exchange-traded banks with total assets between $1.0 billion and $2.0 billion as of 9/30/2021. $634 $715 $930 $1,154 Organic Deposits Acquired Deposits(1) 90% Core(2) Deposit StrategyFormidable and well established core deposit franchise provides low-cost source of funding for loan origination68% loans/deposits provides ample room for loan growth81% of total deposits are non-maturity as of 9/30/2021Top quartile(3) cost of deposits at 16 bps for the year-to-date period ending 9/30/202182% of time deposits as of 9/30/2021 repricing over the next 12 months; providingopportunity for additional potential down-trend in pricing Avg. Fed Funds Rate: 0.11% 0.09% 0.13% 2.16%1.00% 0.36% FNWD Peer Median(3)0.39% 1.00% 1.83% 0.05% November 29, 2021 17

9.6% 9.5% 9.8% 10.0% 9.9% 10.9% 10.6% 10.4% 9.9% 0.97% 0.90% 0.92% 0.93% 0.95% 0.96% 0.91% 0.94% 0.88% 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021 2013 2014 2015 2016 2017YTDSource: S&P Global Market Intelligence & Company Documents.Core net income, adjusted for realized gain on sale of securities, amortization of intangibles and nonrecurring items. (3) For comparison purposes, CAGR calculated using Core EPS for the LTM period ending 9/30/2021.Non-GAAP calculation, see Pages 29 & 30. (4) Earnings metrics for the year-to-date period ending 9/30/2021. $10.5 $6.7 $7.1 $6.8$7.4 $7.5$7.9 $8.3 $9.1 $8.7$9.0 $9.6 $9.3 $11.8$11.5 $13.3 $15.9 $11.7 $2.36 $2.41 $2.64 $2.89 $3.03 $3.25 $3.43 $3.86 $3.03 .0 Core Net Income GAAP Net Income Core EPS Core Earnings Power $ in Millions, except per share Core ROAA(1)(2) & Core ROATCE(1)(2)Core ROATCE Core ROAA ProfitabilityStrong earnings continue to accrete to and build capital $ in Millions Low cost funding allows for utilizing the balance sheet efficiently Successful execution of M&A strategy resulting in realized synergies more than accounting for one-time deal-related costs Future profitability to be driven by a combination of organic growth, streamlining of internal operations, and accretive M&A Core Net Income(1)(2) & Earnings Per Share(1)(2) 2018 2019 2020 Q3 2021(4)YTD $9.3 $9.6 $10.1 $11.6 $11.8 $12.4 $16.1 $19.1 $12.9 1.35% 1.26% 1.23% 1.31% 1.29% 1.24% 1.25% 1.34% 1.09% Core Pre-Provision Net Revenue(1)(2) / Avg. AssetsCore Pre-Provision Net Revenue Core Pre-Provision Net Revenue / Avg. Assets 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021(4)YTD 17 November 29, 2021

74.8%Net InterestIncome$36.1 Million 25.2%NoninterestIncome$12.1 Million 0.78% 0.80% 0.84% 0.86% 0.85% 0.91% 0.83% 1.27% 1.02% 3.98% 3.81% 3.82% 3.85% 3.84% 3.81% 3.73% 3.64% 3.49% 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021YTD NII / Avg. Assets NIM (FTE) $29.8 $31.4 $34.2 $37.7 $38.5 $43.5 $53.8 $64.0 $48.3 2013 2014 2015 2016Source: S&P Global Market Intelligence & Company Documents. 2017 2018 2019 2020 Q3 2021YTD Net Interest Income Noninterest Income High Quality, Recurring Revenues Revenue Trends Q3’21 Year-To-Date Gross Revenue Revenue ThemesSolid net interest margin throughout the economic cycle driven byTop quartile cost of depositsWell managed/diversified loan portfolio with a commercial focusNoninterest income is a meaningful component of revenuesFlexible mortgage banking operation capable of scaling to meet demand with minimal incremental costsTreasury management business providing value to business clients while augmenting fee incomeGrowing/diversifying wealth management ventureGross Revenue ($ Millions) Mortgage originations increased 360% from 2019 to 2020 November 29, 2021 19

$88 $141 $190 $145 $153 $221 $249 $263 $304 $180 $134 $91 $174 $170 $77 $83 $78 $69 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021 $5.4 $6.1 $6.9 $7.6 $7.8 $9.1 $10.7 $18.1 $12.1 2013 2014 2015 2016Source: S&P Global Market Intelligence & Company Documents. 2017 2018 2019 2020 Q3 2021YTD Gain on Sale of Loans Fees & Service Charges Wealth Management Gain on Sale of Securities Other Diversified Sources of Fee Income 47.3% 26.1% 11.8% 2013: $5.4M7.8% 7.1% 36.2% 33.0% 14.7% $ in MillionsManagedNon-Managed $ in Millions Noninterest Income BusinessMortgage banking, service income, wealth management, and other noninterest income streams are all internally developed Noninterest Income Components $267 $276 $281 $319 $323 $298 $333 $342 Gain on Sale of Loans Noninterest Income BreakdownFees & Service Charges Wealth Management Gain on Sale of Securities Other Recurring fee income buttressed by record gains on mortgage loan sales (up 266% YOY from 2019 to 2020)2020 wealth management income up 12% YOY from 2019 (income tied to trustand fiduciary business, not AUC)Investments in enhanced treasury management services compliment business lending activities Wealth Management AUC (Assets Under Care)Current management hired in 2016 54% 46% 18%82% $373 Q3 2021 YTD: $12.1M($16.2M annualized)5.5%10.5% November 29, 2021 20

$ in Millions $4.3 $4.2 $4.1 $4.5 $4.5 $4.4 $5.0 $5.4 $6.0 2.9% 2.8% 2.9% 2.8% 2.8% 3.0% 2.9% 3.0% 2.8% $19.8 $21.3 $23.5 $25.2 $25.9 $29.9 $36.9 $33.8 68.0% 69.0% 70.0% 68.5% 68.7% 70.7% 69.7% 69.0% 71.8% Core Noninterest Expense Core Efficiency Ratio$42.6 Focused Expense Management $ in Millions Core Noninterest Expense & Core Efficiency Ratio(1)(2) Avg. Assets / FTE & Core NIE / Avg. Assets(2)(3)Avg. Assets / FTE Core NIE / Avg. Assets Source: S&P Global Market Intelligence & Company Documents. To calculate Efficiency Ratio: NIE excludes amortization of intangibles, foreclosure & repo expense, and nonrecurring expense while NII excludes gain on sale of securities and gain from sale of foreclosed real estate.Non-GAAP calculation, see Page 32.NIE excludes amortization of intangibles, foreclosure & repo expense, and nonrecurring expenses. 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021YTD Investments in core technology platforms key to leveraging of the expense baseLong-term goal of core efficiency ratio under 60%Long-term goal of core NIE / Avg. Assets under 2.5%Total assets per FTE has increased 25% since the closing of last bank acquisitionHave begun a multi-year process to reposition Banking Centers for the needs ofour individual communities while increasing efficiency 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021YTD 20 November 29, 2021

160% 165% 206% 191% 214% 247% 251% 232% 239% 29% 33% 50% 43% 53% 64% 73% 68% 300% 100%75% 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021 CRE / Total Capital(2) C&D / Total Capital (2) CRE Test C&D Test 15.6% 14.8% 13.5% 14.3% 14.0% 12.6% 12.7% 14.0% 14.4% 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021 8.9% 9.7% 9.6%10.0% 9.6%9.2% 9.0% 9.0% 8.9%9.2% 9.6% 9.6% 8.3%8.6% 8.5% 8.9% 8.8%8.5% 2013 2014 Robust Capital Levels Capital ManagementRegulatory capital levels in excess of well-capitalized requirementsTCE and regulatory capital ratios demonstrate a consistent ability to leverage capitalHave a capital plan in place that satisfies our internal goals TCE / TA & Leverage Ratio (%)TCE Ratio (excl. PPP) (1) Leverage Ratio (excl. PPP) (1) (2) Holding Company Total Capital Ratio (%) 2015 2016 2017 2018 2019 2020 Q3 2021CRE and C&D / Total Risk Based Capital (%) Source: S&P Global Market Intelligence & Company Documents.Non-GAAP calculation, see page 30.Leverage Ratio excludes PPP loan balance from average assets for leverage ratio. November 29, 2021 (3) Commercial real estate loans divided by total risk-based capital and construction & development loans divided total risk-based capital. 22

$0.85 $0.97 $1.06 $1.11 $1.15 $1.19 $1.23 $1.24 $0.93 34.0% 37.3% 38.5% 34.7% 36.7% 37.5% 36.5% 26.9% 27.7% 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021YTD Dividend Per Share Dividend Payout (%) $23.50 $26.18 $27.30 $28.28 $31.03 $29.67 $33.99 $39.41 $39.69 Reliable Stewards of Capital Tangible Book Value Per Share Growth(1) 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021Annual Dividend Per Share Capital StrategyCommitment to growing tangible book value per share:Supporting organic growth AcquisitionsReturning capital to shareholdersRetaining capital necessary to support organic growth initiativesDeploying capital through strategic acquisitions that expand our geographic footprint and grow fee based business lines in a financially accretive mannerReturning capital to shareholders through reasonable andcompetitive dividendAuthorized buyback program in place since 2014 Source: S&P Global Market Intelligence & Company Documents. November 29, 2021 (1) Non-GAAP calculation, see Page 30. 23

Recap of Franchise Highlights ✓ Experienced and Invested LeadershipDynamic team with significant experience in Chicago area marketsInterests aligned with shareholders through substantial ownership ✓ Track Record of Exceptional Growth and ProfitabilityProducing long-term earnings growth in excess of 6.0%(1) (CAGR since 2013) and TBV growth in excess of 7.0% (CAGR since 2013)Future profitability focused on a combination of organic growth, streamlining operations, and M&A ✓ Meaningful Presence in Diverse, Dynamic MarketsBenefiting from Chicago’s demographics and Indiana’s business-friendly environmentWell positioned to grow through acquisition opportunities in existing markets ✓ Attractive Core Deposit Franchise90% core deposits with top quartile cost of deposits for the year-to-date period ending Q3 2021 of 16bpsGrowing core deposits in excess of 12.6% per year (CAGR since 2013) ✓ (1) For comparison purposes, CAGR calculated using Core EPS for the LTM period ending 9/30/2021. 24 Investing to Position For the FutureInvesting in all business lines with a focus on: (1) deepening relationships; (2) driving efficiency; and (3) expanding markets and product offeringsMoving toward best in class technology stack November 29, 2021

THANK YOU

APPENDIX

Board of Directors 28 Board Member Age Year Joined Board Experience David A. BochnowskiChairman 76 1977 Executive Chairman since 2016 and previously CEO of the Company for 35 yearsHonored by Indiana Bankers Association as a Leader in Banking Excellence and former Chairman of America’s Community Bankers Association Benjamin J. BochnowskiPresident & CEO 41 2014 Became EVP & COO of the Company in 2013, promoted to President in 2015 and became CEO in 2016Director and member of the Executive Committee of the Indiana Bankers Association and serves on the Membership Committee of American Bankers Association Donald P. Fesko 49 2005 President & CEO of Community Foundation of Northwest Indiana, a healthcare system with three hospitals and multiple outpatient facilitiesFormer CEO of Community Hospital from 2005 to 2016 before being promoted to President & CEO of entire healthcare system Edward J. Furticella 74 2000 Professor Emeritus of Accounting at Purdue University Northwest, holding titles of Clinical Professor and Department Head among othersFormer CFO of Peoples Bank from 1995 to 2004 and serves on the Risk Management, Executive & Strategic Planning Committees Danette Garza 67 2013 Business leader who owns Jack Gray Transport Logistics Network, a hauler operation and certified Minority & Women’s Business EnterpriseServed as Probate Commissioner for the Lake County Superior Court from 2013 to 2017 and is a CPA as well as a licensed attorney Joel Gorelick 74 2000 Served as President & COO of the Company until January 2013 and has over 40 years of banking experience, including retail and commercialServes as Charter Chairman Emeritus of the Lake County Economic Alliance Amy W. Han 58 2008 Completed a Ph.D. in counseling/clinical psychology; prior to graduate work held management consultant roles with Norrell Services and AT&TCurrently serves as the Director for Clinical Affairs and Education at the Northwest campus of Indiana University School of Medicine Robert E. Johnson III 52 2016 Founder, President & CEO of Cimcor, Inc., a developer of cutting edge IT security software enabling companies to maintain IT system integrityPreviously Manager of business systems for Kvaerner Metals and Manager of Process Automation & Control for Davy McKee Corporation Kenneth V. Krupinski 74 2003 Past President of Swartz, Retson & Co., P.C. (CPA firm) and was a Certified Public Accountant for 43 years Anthony M. Puntillo 55 2004 Co-Owner, Managing Partner & Founder of Puntillo and Crane Orthodontics, PC, a dental specialty practice with locations in Northwest IndianaCurrent President-Elect of the Great Lakes Association of Orthodontists and member of various orthodontics associations James L. Wieser 74 1999 Attorney with over 47 years of experience, concentrating in real estate development and representation of small businesses November 29, 2021

60.3% 37.4% 2.0% 0.2% 0.1% Municipal Mortgage Backed U.S. Government Sponsored Collateralized Debt Obligations U.S. Treasury Securities $195.6 $220.1 $233.4 $233.6 $244.5 $241.8 $277.2 $410.7 $531.0 2.73% 2.72% 2.66% 2.54% 2.66% 2.85% 2.66% 2.05% 1.97% 2013 2014 2015 2016 2017 2018 2019 2020 Q3 2021YTD SecuritiesYield on Securities Well-Positioned Securities Portfolio Q3’21 Securities Composition Securities Balance & Yield Source: S&P Global Market Intelligence & Company Documents. $ in Millions Securities book currently represents 33.0% of the overall balance sheet Began investing excess liquidity into securities portfolio in Q4’20 to enhance net interest margin As of Q3’21, 98% of portfolio consisted of municipals and mortgage backed securities Remainder of portfolio primarily in money market funds to provide for a certain level of immediate liquidity Conservative approach to managing investments resulted in a yield on securities of 1.97% for the year-to-date period ending in Q3’21 An investment subsidiary headquartered in Nevada manages thesecurities portfolio, minimizing taxes payable on the securities portfolio November 29, 2021 28

Balance Sheet & Capital Total Assets $927,259 $1,096,158 $1,328,161 $1,496,292 $1,609,924 29 Loans, Net 612,729 756,438 897,228 952,688 942,578 Total Deposits 793,004 929,786 1,154,370 1,302,339 1,406,200 Tangible Common Equity(1) 88,844 89,872 117,319 136,461 138,086 TBV Per Share(1) $31.03 $29.67 $33.99 $39.41 $39.69 TCE / TA (%)(1)(2) 9.6 % 8.3 % 8.9 % 9.7 % 8.8 % Tier 1 Leverage Ratio (%)(1)(2) 9.6 % 8.6 % 8.5 % 8.9 % 8.5 % Total Risk-Based Capital Ratio (%) 14.0 % 12.6 % 12.7 % 14.0 % 14.4 % Asset Quality Nonperforming Assets $9,221 $10,593 $9,532 $15,832 $14,635 NPAs / Assets (%)(1)(2)(3) 0.99 % 0.97 % 0.72 % 1.11 % 0.93 % NPLs / Loans (%) 0.89 % 1.11 % 0.91 % 1.49 % 1.42 % NCOs (Recoveries) / Average Loans (%) 0.23 % 0.12 % 0.18 % 0.03 % (0.00) % ALLL / Total Loans (%)(1)(2)(4) 1.59 % 1.64 % 1.66 % 1.84 % 1.77 % Income Statement Net Interest Income $30,766 $34,359 $43,158 $45,881 $36,118 Provision for Loan Losses 1,200 1,308 2,584 3,687 1,293 Noninterest Income 7,752 9,099 10,670 18,148 12,139 Noninterest Expense 25,488 31,383 38,030 41,636 33,904 Income Tax Expense 2,869 1,430 1,678 2,774 1,408 Net Income 8,961 9,337 11,536 15,932 11,652 GAAP Earnings Per Share $3.13 $3.17 $3.37 $4.60 $3.35 Profitability Ratios Core ROAA (%)(1) 0.95 % 0.96 % 0.91 % 0.94 % 0.88 % Core ROATCE (%)(1) 9.9 % 10.9 % 10.6 % 10.4 % 9.9 % Net Interest Margin (FTE) (%) 3.84 % 3.81 % 3.73 % 3.64 % 3.49 % Core Efficiency Ratio (%)(1) 68.7 % 70.7 % 69.7 % 69.0 % 71.8 % Noninterest Income / Average Assets (%) 0.85 % 0.91 % 0.83 % 1.27 % 1.02 % Core Noninterest Expense / Average Assets (%)(1) 2.8 % 3.0 % 2.9 % 3.0 % 2.8 % Historical Financial Summary Fiscal Year Ended December 31 $ in thousands, except per share data 2017 2018 2019 2020 Fiscal YTD Q3 2021 Source: S&P Global Market Intelligence & Company Documents.Non-GAAP calculation, see following pages.Excludes PPP Loans. NPAs/Assets excludes restructured loans from nonperforming assets.ALLL includes M&A discounts. November 29, 2021

Core: Return on average assets 0.97% 0.90% 0.92% 0.93% 0.95% 0.96% 0.91% 0.94% 0.88% ($ in thousands) 2013 2014 2015 2016 2017 2018 2019 2020 September 30,2021 YTD Net interest income $ 24,427 $ 25,363 $ 27,370 $ 30,054 $ 30,766 $ 34,359 $ 43,158 $ 45,881 $ 36,118 Non-interest income 5,359 6,074 6,850 7,613 7,752 9,099 10,670 18,148 12,139 Realized loss/(gain) on securities (630) (541) (606) (826) (860) (1,200) (621) (2,348) (1,276) Non-interest expense (19,821) (21,015) (23,616) (24,709) (25,488) (31,383) (38,030) (41,636) (33,904) Pre-provision net revenue $ 9,335 $ 9,881 $ 9,998 $ 12,132 $ 12,170 $ 10,875 $ 15,177 $ 20,045 $ 13,077 Non-recurring expenses — — 452 — — 2,076 2,113 — — Non-recurring income — — — — — — (205) — — Amortization of intangibles — 9 41 70 70 268 956 994 745 Loan accretion income — (318) (399) (606) (456) (828) (1,971) (1,919) (897) Core: pre-provision net revenue $ 9,335 $ 9,572 $ 10,092 $ 11,596 $ 11,784 $ 12,391 $ 16,070 $ 19,120 $ 12,925 Average total assets $ 691,090 $ 761,431 $ 817,361 $ 888,015 $ 911,078 $ 1,001,908 $ 1,285,964 $ 1,427,176 $ 1,587,330 Reported: Pre-provision net revenue to average assets 1.35% 1.30% 1.22% 1.37% 1.34% 1.09% 1.18% 1.40% 1.10% Core: Pre-provision net revenue to average assets 1.35% 1.26% 1.23% 1.31% 1.29% 1.24% 1.25% 1.34% 1.09% 30 ($ in thousands) 2013 2014 2015 2016 2017 2018 2019 2020 September 30,2021 YTD Net income $ 7,118 $ 7,394 $ 7,852 $ 9,142 $ 8,961 $ 9,337 $ 11,536 $ 15,932 $ 11,652 Non-recurring expenses Acquisition related costs — — 452 — — 2,076 2,113 — — Non-recurring income BOLI death benefit — — — — — — (205) — — Realized loss/(gain) on securities (630) (541) (606) (826) (860) (1,200) (621) (2,348) (1,276) Amortization of Intangibles — 9 41 70 70 268 956 994 745 Loan accretion income — (318) (399) (606) (456) (828) (1,971) (1,919) (897) Related tax benefit / (cost) 221 298 179 477 436 (66) (57) 687 300 DTA revaluation — — — — 517 — — — — Core net income $ 6,709 $ 6,842 $ 7,519 $ 8,257 $ 8,668 $ 9,587 $ 11,751 $ 13,346 $ 10,524 Diluted average common shares outstanding 2,841,990 2,844,033 2,850,801 2,858,601 2,864,037 2,949,212 3,425,056 3,459,167 3,476,406 Reported: Diluted earnings per share $ 2.50 $ 2.60 $ 2.75 $ 3.20 $ 3.13 $ 3.17 $ 3.37 $ 4.61 $ 3.35 Average total assets $ 691,090 $ 761,431 $ 817,361 $ 888,015 $ 911,078 $ 1,001,908 $ 1,285,964 $ 1,427,176 $ 1,587,330 Reported: Return on average assets 1.03% 0.97% 0.96% 1.03% 0.98% 0.93% 0.90% 1.12% 0.98% Core: Diluted earnings per share 2.36 2.41 2.64 2.89 3.03 3.25 3.43 3.86 3.03 Non-GAAP Reconciliation November 29, 2021

2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD Total assets $ 693,453 $ 775,044 $ 864,893 $ 913,626 $ 927,259 $ 1,096,158 $ 1,328,161 $ 1,496,292 $ 1,609,924 Goodwill — (1,611) (2,561) (2,792) (2,792) (8,170) (11,109) (11,109) (11,109) Other intangibles — (84) (523) (494) (424) (3,422) (5,114) (4,119) (3,374) Paycheck Protection Plan ("PPP") loans — — — — — — — (67,175) (32,892) Tangible assets (excl. PPP) $ 693,453 $ 773,349 $ 861,809 $ 910,340 $ 924,043 $ 1,084,566 $ 1,311,938 $ 1,413,889 $ 1,562,549 Total stockholders' equity 66,761 76,165 80,909 84,108 92,060 101,464 133,542 151,689 152,569 Goodwill — (1,611) (2,561) (2,792) (2,792) (8,170) (11,109) (11,109) (11,109) Other intangibles — (84) (523) (494) (424) (3,422) (5,114) (4,119) (3,374) Tangible common equity $ 66,761 $ 74,470 $ 77,825 $ 80,822 $ 88,844 $ 89,872 $ 117,319 $ 136,461 $ 138,086 Ending number of common shares outstanding 2,841,164 2,844,167 2,851,417 2,860,157 2,864,507 3,029,157 3,451,797 3,462,908 3,479,139 Tangible common equity to tangible assets (excl PPP) 9.6% 9.6% 9.0% 8.9% 9.6% 8.3% 8.9% 9.7% 8.8% Tangible book value per share $ 23.50 $ 26.18 $ 27.29 $ 28.26 $ 31.02 $ 29.67 $ 33.99 $ 39.41 $ 39.69 Average stockholders' common equity $ 69,966 $ 72,943 $ 79,299 $ 85,842 $ 90,538 $ 94,460 $ 126,845 $ 144,275 $ 155,945 Average goodwill — (1,007) (2,156) (2,705) (2,792) (4,809) (10,650) (11,109) (11,109) Average other intangibles — (55) (249) (483) (459) (1,504) (5,274) (4,616) (3,768) Average tangible stockholders' common equity $ 69,966 $ 71,881 $ 76,895 $ 82,654 $ 87,287 $ 88,147 $ 110,921 $ 128,550 $ 141,068 Reported: Return on average tangible common equity 10.2% 10.3% 10.2% 11.1% 10.3% 10.6% 10.4% 12.4% 11.0% Core: Return on average tangible common equity 9.6% 9.5% 9.8% 10.0% 9.9% 10.9% 10.6% 10.4% 9.9% ($ in thousands) 2013 2014 2015 2016 2017 2018 2019 2020 September 30,2021 YTD Tier 1 Capital $ 69,008 $ 72,033 $ 76,402 $ 82,386 $ 88,431 $ 92,800 $ 110,800 $ 125,300 $ 133,800 Average assets for leverage ratio $ 692,136 $ 783,002 $ 846,736 $ 898,966 $ 916,846 $ 1,073,550 $ 1,310,614 $ 1,477,980 $ 1,614,151 Paycheck Protection Plan ("PPP") loans — — — — — — — (67,175) (32,892) Average assets for leverage ratio (excl PPP) $ 692,136 $ 783,002 $ 846,736 $ 898,966 $ 916,846 $ 1,073,550 $ 1,310,614 $ 1,410,805 $ 1,581,259 Leverage Ratio (excl PPP) 10.0% 9.2% 9.0% 9.2% 9.6% 8.6% 8.5% 8.9% 8.5% Non-GAAP Reconciliation($ in thousands) September 30, November 29, 2021 31

($ in thousands) 2013 2014 2015 2016 2017 2018 2019 2020 September 30,2021 YTD Non-accruing loans $ 3,780 $ 4,599 $ 5,201 $ 5,605 $ 4,996 $ 6,595 $ 6,507 $ 13,799 $ 11,027 Accruing loans > 90 days delinquent 174 941 377 500 227 321 866 566 2,516 Non-accrual TruPS 1,252 1,611 1,912 1,689 2,299 2,050 1,076 929 1,011 OREO 1,084 1,745 1,590 2,665 1,699 1,627 1,083 538 81 Total non-performing assets $ 6,290 $ 8,896 $ 9,080 $ 10,459 $ 9,221 $ 10,593 $ 9,532 $ 15,832 $ 14,635 Total assets $ 693,453 $ 775,044 $ 864,893 $ 913,626 $ 927,259 $ 1,096,158 $ 1,328,161 $ 1,496,292 $ 1,609,924 Paycheck Protection Plan ("PPP") loans — — — — — — — 67,175 32,892 Total assets (excl. PPP) $ 693,453 $ 775,044 $ 864,893 $ 913,626 $ 927,259 $ 1,096,158 $ 1,328,161 $ 1,429,117 $ 1,577,032 Reported: NPAs / assets (excl. TDRs) 0.91% 1.15% 1.05% 1.14% 0.99% 0.97% 0.72% 1.06% 0.91% Adjusted: NPAs / assets (excl. TDRs & PPP) 0.91% 1.15% 1.05% 1.14% 0.99% 0.97% 0.72% 1.11% 0.93% Additional reserves not part of ALLL — 1,458 3,835 2,908 2,376 4,592 6,042 4,098 2,572Adjusted: Allowance for loan losses $ 7,189 $ 7,819 $ 10,788 $ 10,606 $ 9,858 $ 12,554 $ 15,041 $ 16,556 $ 16,346 ($ in thousands) 2013 2014 2015 2016 2017 2018 2019 2020 September 30,2021 YTD Reported: Interest income on loans $ 20,891 $ 21,232 $ 23,203 $ 26,269 $ 26,859 $ 32,392 $ 44,455 $ 44,867 $ 31,291 Loan accretion income — (318) (399) (606) (456) (828) (1,971) (1,919) (897) Core: Interest income on loans $ 20,891 $ 20,914 $ 22,804 $ 25,663 $ 26,403 $ 31,564 $ 42,484 $ 42,948 $ 30,394 Average loan balances $ 436,429 $ 480,404 $ 522,278 $ 587,119 $ 603,913 $ 684,159 $ 876,611 $ 961,187 $ 970,740 Reported: Yield on loans 4.79% 4.42% 4.44% 4.47% 4.45% 4.73% 5.07% 4.67% 4.30% Core: Yield on loans 4.79% 4.35% 4.37% 4.37% 4.37% 4.61% 4.85% 4.47% 4.17% ($ in thousands) September 30, 2013 2014 2015 2016 2017 2018 2019 2020 2021 YTD Reported: Allowance for loan losses $ 7,189 $ 6,361 $ 6,953 $ 7,698 $ 7,482 $ 7,962 $ 8,999 $ 12,458 $ 13,774 Reported: Loan balances 437,821 488,153 571,898 583,650 620,211 764,400 906,227 965,146 956,352 Paycheck Protection Plan ("PPP") loans — — — — — — — (67,175) (32,892)Adjusted: Loan balances $ 437,821 $ 488,153 $ 571,898 $ 583,650 $ 620,211 $ 764,400 $ 906,227 $ 897,971 $ 923,460 Reported: LLR / loans 1.64% 1.30% 1.22% 1.32% 1.21% 1.04% 0.99% 1.29% 1.44% Adjusted: LLR / loans 1.64% 1.60% 1.89% 1.82% 1.59% 1.64% 1.66% 1.84% 1.77% Non-GAAP Reconciliation 32 November 29, 2021

($ in thousands) 2013 2014 2015 2016 2017 2018 2019 2020 September 30,2021 YTD Net interest income $ 24,427 $ 25,363 $ 27,370 $ 30,054 $ 30,766 $ 34,359 $ 43,158 $ 45,881 $ 36,118 Non-interest income 5,359 6,074 6,850 7,613 7,752 9,099 10,670 18,148 12,139 Reported: Revenue 29,786 31,437 34,220 37,667 38,518 43,458 53,828 64,029 48,257 Realized loss/(gain) on securities (630) (541) (606) (826) (860) (1,200) (621) (2,348) (1,276) Non-recurring income — — — — — — (205) — — Core: Revenue $ 29,156 $ 30,896 $ 33,614 $ 36,841 $ 37,658 $ 42,258 $ 53,002 $ 61,681 $ 46,981 Reported: Non-interest expense 19,821 21,015 23,616 24,709 25,488 31,383 38,030 41,636 33,904 Amortization of intangibles — (9) (41) (70) (70) (268) (956) (994) 745 Loan accretion income — 318 399 606 456 828 1,971 1,919 (897) Non-recurring expenses — — (452) — — (2,076) (2,113) — — Core: Non-interest expense $ 19,821 $ 21,324 $ 23,522 $ 25,245 $ 25,874 $ 29,867 $ 36,932 $ 42,561 $ 33,752 Reported: Efficiency Ratio 66.5% 66.8% 69.0% 65.6% 66.2% 72.2% 70.7% 65.0% 70.3% Core: Efficiency Ratio 68.0% 69.0% 70.0% 68.5% 68.7% 70.7% 69.7% 69.0% 71.8% Average total assets $ 691,090 $ 761,431 $ 817,361 $ 888,015 $ 911,078 $ 1,001,908 $ 1,285,964 $ 1,427,176 $ 1,587,330 Reported: NIE to average total assets 2.9% 2.8% 2.9% 2.8% 2.8% 3.1% 3.0% 2.9% 2.8% Core: NIE to average total assets 2.9% 2.8% 2.9% 2.8% 2.8% 3.0% 2.9% 3.0% 2.8% 33 Non-GAAP Reconciliation November 29, 2021

Finward Bancorp (FNWD) DEFA14AAdditional proxy soliciting materials