2014 Annual Report
NorthWest Indiana Bancorp
Financial Highlights
As of or for the year ended December 31,
(Dollars in thousands, except for per share & ratio data )
2014
2013
Earnings:
Net revenue (a)
Noninterest expense
Pre-provision profit
Provision for loan losses
Net income
Common share data:
Net income per share:
Basic
Diluted
Book value per share
Price per share
Cash dividends declared
Dividend payout ratio
Dividend yield
Selected balance sheet data (period-end):
Total assets
Loans
Deposits
Total stockholders' equity
Selected ratios:
Return on Equity
Return on Assets
Tier 1 capital to adjusted average assets
Tier 1 capital to risk-weighted assets
Total capital to risk-weighted assets
$
$
31,437
21,015
10,422
875
7,394
29,786
19,821
9,965
450
7,118
$
$
$
2.60
2.60
26.78
26.50
0.97
37.32%
3.66%
$
2.50
2.50
23.50
25.00
0.85
33.94%
3.40%
$
775,044
488,153
633,946
76,165
$
693,453
437,821
572,893
66,761
10.14%
0.97%
9.18%
13.63%
14.84%
10.17%
1.03%
9.97%
14.32%
15.58%
(a) Net revenue represents the Bancorp's net interest income, plus noninterest income.
2014 Annual Report
Chairman’s Note: In last year’s letter, I mentioned that Ben Bochnowski would join me as a co-
writer of this year’s annual report. I’m happy to share the following pages with him.
Dear Shareholder:
2014 can be summed up in two words: ambitious and
productive. Peoples turned in another record earnings
year, while at the same time integrating the first
acquisition in our history, growing our lending team,
introducing exciting new electronic banking products,
and expanding our wealth management operations.
This translated into a return on your equity of 10.14%, building on the success of past years that
led American Banker magazine in 2014 to name Peoples Bank as a Top 200 Community Bank
for the 10th year in a row.
David A. Bochnowski
Chairman & Chief
Executive Officer
Benjamin Bochnowski
President & Chief
Operating Officer
It is safe to say that for Peoples Bank, the troubles of the Great Recession are behind us. Asset
quality is strong, and earnings rose consistently throughout the year. A strong capital position,
combined with excellent credit quality, have allowed Peoples to grow to unprecedented levels.
At the end of 2014, your Bank reached $775 million in assets, which is 20% higher than our
asset size at the depths of the Great Recession. Peoples Bank is bigger than it has ever been,
and our employees have helped us get there. Today, there are almost 200 individuals on the
Peoples Team, and we are extremely proud to say that we were named as a Best Place to
Work in Indiana for the second year in a row.
2014 was also a milestone for Peoples Bank, and a cause to celebrate. August marked the 30th
anniversary of Peoples’ Initial Public Offering. For those shareholders that invested then, we
thank you for your faith, and your capital, that have made this Bank into what it is today. Back
then, the Bank raised $3.1 million to go public, and since then, we have worked hard every day
for every dollar that was raised. Today, that equity has grown to almost $80 million, and since
the time the Bank started paying dividends, it has done so every quarter since. Together, those
dividends from a single $10 share purchased in 1984 have added up to over $36,000; dividends
and price appreciation together resulted in a 3,650% total return over that time.
At the same time, we continue to look to the future. A year ago, this letter outlined a vision for
the future: Remaining independent, while investing in the future in order to continue to deliver
exceptional value for all of the Bank’s stakeholders. That vision has not changed. What has
changed are the achievements that bring us closer to that goal. An exceptional 2014 has given
Peoples Bank the confidence to continue to grow into the future.
Our achievements can be attributed, in part, to the strong character of our team members who
have made a difference in our success over the years. The Peoples family was saddened
earlier this year by the passing of Frank J. Bochnowski, who lent his talents to our cause as
legal counsel, corporate secretary and, following his retirement from management, as a director.
Buck, as he was known, matched his keen intellect with a pleasant outgoing manner. We will
miss his wit and wisdom, but take comfort in his lasting legacy of commitment to excellence.
2014 Wrap-Up
Strong Capital
Tier 1 capital, a key regulatory measure, landed at 9.2% for the year, which is very strong
despite the double-digit growth that the Bank saw during 2014. The Bank managed capital
through both strong loan growth and an acquisition. This capital is the engine that drives the
Bank forward, allows us to invest into the future, and supports continued loan growth, new
locations, and new technologies.
Lending and Asset Quality
As the economy has improved, our strong capital has positioned Peoples Bank to be the lender
of choice of our customers. We have grown our lending team by over 30% by adding both
commercial and residential lenders, resulting in a record year for loan originations at Peoples
Bank. These loans have proven to be strong local credits, creating a strong margin in a
continued low-rate environment. In fact, Peoples Bank was recognized as the Regional
Development Company’s Lender of the Year for 2014, with several bankers on our team
winning individual awards.
Non-Performing Loans ended the year at 1.10%. Counting a loan that settled in early 2015, that
number is unchanged from a year ago at 0.90%, and indicates continued strength and stability
in the Peoples Bank loan portfolio. The Bank’s credit standards and underwriting are helping to
hold that number at a steady level, despite the asset growth that the Bank has seen over the
past year.
Wealth Management
The Bank’s Wealth Management Group is unique in the local market: We offer a wide range of
products, from traditional bank trust services to investment and retirement planning. We also
believe that we do it better than the rest—that’s why we are proud that Peoples Bank Wealth
Management has been named the best in Northwest Indiana for two years running by Northwest
Indiana Business Quarterly magazine.
This is great news for our customers, and great news for our shareholders too. Wealth
Management income was up again in 2014, and the growth was significant: Income from wealth
operations was up 15% from 2013 to 2014, and assets under management are at an all-time
high because of a dedicated and talented staff.
Retail Banking
Retail Banking, in many ways, is the most visible part of what any bank does. Peoples Bank is
no different, and today, we have more Banking Centers than ever, with 14 full-service locations
to serve our customers. Complemented by our electronic offerings, Peoples Bank is there for
our customers where and when they need us. This wide network of Banking Centers and 24/7
approach to banking has helped the Bank maintain a strong, stable source of core funds. Our
cost of funds was unchanged from 2013 to 2014 as we grew the Bank, and that has been a
great competitive advantage for Peoples. In fact, Peoples Bank is better than 98% of its peers
when it comes to funding, and 70% of our funds now come from checking, savings and money
market accounts.
Electronic Banking and Cybersecurity
Peoples Bank prides itself on its high-touch, high-tech approach to banking. We have launched
several exciting electronic banking services over the past few years, all in support of a fuller
banking experience for our customers. While some banks cut service in favor of electronic
banking, our philosophy is that electronic banking complements the high levels of service that
our customers have come to expect. Our goal is to unify the banking experience across all
channels, and make transactions smoother and faster so that we can focus on partnering with
our customers to achieve their financial goals. To that end, we rolled out Consumer Mobile
Check Deposit in January of 2014, offering customers the convenience of depositing checks
from their mobile device. With Business Mobile Banking with Check Deposit, launched the same
month, our business customers can use the Bank’s app to conduct transactions from their
mobile device as well. The year ended with the introduction of People Pay, a peer-to-peer
payment system, for consumer online banking customers.
Regardless of size, industry, or location, cyber-attacks are a new reality of life. Peoples Bank
takes the integrity and security of our customers very seriously; our customers have entrusted
us with their financial well-being, and it is incumbent upon us to deliver on that expectation. Our
information security systems far exceed the minimums required by our federal regulators and, to
that end, we strive to meet more stringent requirements of industry best practices. As cyber
attackers get more sophisticated, so does Peoples Bank. We invest every year into systems to
better protect our customers, and are engaging in Bank-wide training to involve every employee
in cyber-security efforts. At the same time, we are improving our behind-the-scenes security so
that security measures become more transparent to the customer, with the goal of enhancing
the customer experience—not disrupting it.
NWIN Performance
At December 31, 2014, your NWIN stock reported a closing price of $26.50, up from $25.00 a
year earlier. Management was pleased that during the year, our price achieved a high of
$27.95. While we cannot control the vagaries of the financial markets, we are confident that
Peoples Bank will continue to deliver superior results.
Your company’s performance during 2014 was outstanding compared to our peers on several
levels. Our dividend yield at December 31, 2014 stood at 3.7%. During the year, NWIN’s book
value climbed to $26.78 per share, up from $23.50 at the end of 2013. Taking into account the
Bank’s superior financial performance, capital ratio, and asset quality among other factors, the
Board of Directors raised the dividend on your shares from $.22 per share to $.25, an increase
of 13.63%. Consistent with regulatory expectations for capital following the Great Recession,
the Board continues to target an average dividend payout ratio range of 30% to 40% of annual
earnings.
In January of 2015, Monroe Securities issued a quarterly banking report that reinforced the
strength of our performance. The data reported the return on assets of the nation’s banks at
.73% and .79% for the Midwest Region. NWIN compares very favorably with an ROA of .97%
for the year. Similarly, the report shows return on equity for the nation at 6.97% and 7.60% for
the Midwest Region. Your company again compares very favorably with a double digit ROE of
10.14%.
Looking Ahead: 2015 and Beyond
As always, Peoples remains focused on the fundamentals of Banking. Strong asset quality,
efficient operations and a superb customer experience are at the core of our You First Banking
brand. Peoples Bank knows that in order to remain at the top of our game, we must keep pace
with our customers. To that end, we are planning another ambitious year in 2015 that will help
deliver exceptional performance and set the course for future success. At the center of this is a
commitment to create value for all of our stakeholders and drive financial performance forward.
Business Banking
As our market emerges from the Great Recession, Peoples Bank is well placed to be the
financial partner of choice as local businesses look to expand their operations. From lending
needs to building financial security, Peoples Bank partners with business owners as they invest
in their enterprises and help to grow the local economy. The Bank will continue to build its
award-winning lending team, focused on developing full-service relationships. Commercial
lending activity directly supports the Bank’s growth and drives loan yield, while helping to
position the Bank to tackle the anticipated interest rate cycle.
Mortgage Lending
Like commercial lending, the local housing market is definitely gathering steam. 2014 was a
record year for mortgage originations at Peoples Bank, and we are gearing up for another great
year in 2015. In order to grow with the housing market, Peoples Bank plans to further expand its
mortgage lending team. Our lending team will be supported by new lending products, and
upgraded technology platforms that enhance the customer experience and provide for the
smooth, efficient closing that both our lenders and customers expect.
Wealth Management
Peoples Bank has an outstanding Wealth Management team, and their goal heading into 2015
is to improve on what we have while reaching even more customers in Northwest Indiana. To
reach more customers and drive wealth management income growth, the Bank plans to grow
the Wealth Management team. At the same time, we are focused on enhancing the customer
experience, and more tightly integrating information systems between the Bank’s wealth
management and retail operations.
Retail Banking
In order to support continued growth at Peoples Bank, we are stepping up efforts to grow our
retail banking center network. These investments directly support our industry-leading ability to
gather core accounts. Our goal is to upgrade our Highland Banking Center this year, while
starting work on a second Valparaiso-area location. While these new brick-and-mortar facilities
will be the centerpiece of our retail strategy, there is much additional work that improves the
customer experience across the banking center network. Planned upgrades to ATMs will
provide a more robust experience, as will in-bank improvements to further speed transactions
so that we can focus on customer engagement.
Cybersecurity
2015 will be no different than 2014 in that the Bank will be on high alert for cybersecurity events.
The pace of bank-wide training efforts and investments in infrastructure will accelerate in 2015.
Management is also highly focused on integrating cybersecurity even more tightly with
Enterprise Risk Management systems.
Our goal at Peoples Bank is industry-leading technology to prevent and detect attacks, and
100% Bank-wide preparedness for cyber-attacks. The increasing intensity and complexity of
information security is a new layer for the banking industry, but Peoples Bank is ready to tackle
these new challenges head-on so that we can continue to safeguard customer information.
A New Generation of Leadership
Your Board of Directors has actively pursued long-term succession planning with great success,
upholding our commitment to identify and develop talent to fill key roles and ensure continuity of
leadership that will take the Bank to the next level.
New leaders have ascended to senior positions at your company: among them are Bob Lowry,
chief financial officer; Todd Scheub, chief lending officer; and Leane Cerven, general counsel.
At the same time, the Bank’s proven team in retail banking, led by John Diederich, and wealth
management, led by Terry Quinn, have joined our effort to move the Bank forward. Tanya
Buerger, chief information and technology officer, has been instrumental in ensuring that
Peoples Bank has technology that is second to none. The transition has been seamless, as
demonstrated by our success over the past three years as the transition has been occurring.
In January of 2015, the Board of Directors unanimously approved Benjamin Bochnowski as
President and Chief Operating Officer of the Bancorp. This position was most recently held by
Joel Gorelick, who ably dispatched his duties leading up to his retirement in January of 2013.
Ben will be supported in his new role by a forward-looking management team that in recent
years has welcomed new leaders in new positions to help lead the Bank into the future.
Ben brings to the table a demonstrated history of performance. Born and raised in the area, he
has an inherent sense of community and is dedicated to the long-term growth of the Bank. His
promotion followed a performance path with benchmarks designed by independent members of
the Board who measured his banking knowledge, leadership, teamwork and ability to design
and execute our strategic plan. For the last three years Ben has been responsible for the
strategic direction of the company, and has led the team that has delivered record results in all
three years.
Our family is both proud and humbled by Ben’s new role, as he becomes the fourth generation
to assume this key leadership post. The challenge of leading a 21st century community bank
brings excitement and responsibility. Ben is dedicated to our mission as he leads the team that
has set a course for continued excellence into the future. The new generation of leadership of
your company will continue to make the most of every opportunity to partner with and provide
value to our customers, community, team members, and shareholders.
As always, thank you for your confidence and support.
Sincerely,
David A. Bochnowski
Chairman & Chief Executive Officer
Benjamin Bochnowski
President & Chief Operating Officer
Financial Trends
Total Assets
in millions
Total Loans
in millions
$775.0
$488.2
Total Deposits
in millions
$691.8
$693.5
$418.2
$401.4
$437.0
$437.8
$651.8
$631.1
$633.9
$566.4
$572.9
$520.3
$526.9
2010
2011
2012
2013
2014
2010
2011
2012
2013
2014
Net Income
in thousands
$6,853
$7,118
$7,394
Net Interest Income
in thousands
$5,179
$5,385
$25,097
$23,775
$23,727
$24,427
$25,363
2010
2011
2012
2013
2014
Noninterest Income
in thousands
$7,536
$6,247
$5,790
$6,074
$5,359
2010
2011
2012
2013
2014
Return on Assets
1.02%
1.03%
0.97%
0.84%
0.77%
2010
2011
2012
2013
2014
2010
2011
2012
2013
2014
Return on Equity
10.27%
10.17%
10.14%
9.03%
8.90%
Efficiency Ratio
62.62%
66.42%
64.36%
66.55%
66.85%
2010
2011
2012
2013
2014
2010
2011
2012
2013
2014
2010
2011
2012
2013
2014
Market Information
Book Value per Share
The Bancorp’s Common Stock is traded in the
over-the-counter market and quoted on the OTC
Bulletin Board. The Bancorp’s stock is not actively
traded. As of February 20, 2015, the Bancorp had
2,851,417 shares of common stock outstanding and
407 stockholders of record. This does not reflect the
number of persons or entities who may hold their
stock in nominee or “street” name through brokerage
firms. Set forth below are the high and low bid prices
during each quarter for the years ended December
31, 2014 and December 31, 2013. The bid prices
reflect inter-dealer prices without retail mark-up,
mark-down or commission and may not necessarily
represent actual transactions. Also set forth is
information concerning the dividends declared by
the Bancorp during the periods reported. Note 11 to
the Financial Statements describes regulatory limits
on the Bancorp’s ability to pay dividends.
Year Ended
December 31, 2014
Year Ended
December 31, 2013
Per Share Prices
High
Low
Dividends
Declared Per
Common Share
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
$
27.95
26.90
27.10
26.50
$
25.30
25.00
25.00
25.20
$
25.00
24.88
25.75
25.16
$
19.10
22.00
23.00
23.25
$
0.22
0.25
0.25
0.25
$
0.19
0.22
0.22
0.22
$23.83
$23.50
$22.20
$19.84
$26.78
2010
2011
2012
2013
2014
Basic Earnings per Share
$1.83
$1.90
$2.41
$2.50
$2.60
2010
2011
2012
2013
2014
Dividends per Share
$0.97
$0.85
$0.72
$0.72
$0.60
2010
2011
2012
2013
2014
2014 Board of Directors
David A. Bochnowski, Director since 1977
Chairman, Chief Executive Officer of the Bancorp
Stanley E. Mize, Director since 1997
Retired; former President of Stan Mize Towne & Country Auto Sales, Inc.
James L. Wieser, Director since 1999
Attorney and Senior Partner, Wieser & Wyllie, LLP
Edward J. Furticella, Director since 2000
Former Executive Vice President and CFO of the Bancorp; currently
Professor, Department Head of the Accounting Program and Director
of the Masters of Accountancy Program at Purdue University Calumet
Joel Gorelick, Director since 2000
Retired; former President and Chief Operating Officer of the Bancorp
Kenneth V. Krupinski, Director since 2003
Certified Public Accountant, Swartz Retson, P.C.
Anthony M. Puntillo, D.D.S., M.S.D., Director since 2004
Orthodontist, CEO of Puntillo and Crane Orthodontics, P.C.
Donald P. Fesko, Director since 2005
Chief Executive Officer, Community Hospital
Amy W. Han, Ph.D., Director since 2008
Indiana University School of Medicine – Northwest
Danette Garza, Director since 2013
Attorney At Law, Certified Public Accountant,
Owner of Continental Languages, LLC
Benjamin J. Bochnowski, Director since 2014
President, Chief Operating Officer of the Bancorp
Leroy F. Cataldi, P.D., Director Emeritus
Lourdes M. Dennison, Director Emeritus
John Freyek, Director Emeritus
Gloria C. Gray-Weissman, Director Emeritus
2014 Board Committees
Compensation and Benefits
Kenneth V. Krupinski, Chairman
Donald P. Fesko
Amy W. Han
Stanley E. Mize
Executive Committee
David A. Bochnowski, Chairman
Edward J. Furticella
Joel Gorelick
Stanley E. Mize
James L. Wieser
Nominating and Corporate
Governance
Stanley E. Mize, Chairman
Donald P. Fesko
Edward J. Furticella
Danette Garza
Amy W. Han
Kenneth V. Krupinski
Anthony M. Puntillo
James L. Wieser
Risk Management
Edward J. Furticella, Chairman
Danette Garza
Kenneth V. Krupinski
Stanley E. Mize
Anthony M. Puntillo
Strategic Planning
James L. Wieser, Chairman
Edward J. Furticella
Danette Garza
Kenneth V. Krupinski
Stanley E. Mize
Anthony M. Puntillo
Wealth Management
Donald P. Fesko, Chairman
Joel Gorelick
Amy W. Han
Corporate Information
Officers of NorthWest Indiana Bancorp and
Peoples Bank
David A. Bochnowski
Chairman, Chief Executive Officer
Benjamin J. Bochnowski
President, Chief Operating Officer
John J. Diederich
Executive Vice President
Robert T. Lowry
Executive Vice President, Chief Financial Officer
and Treasurer
Leane E. Cerven
Executive Vice President, General Counsel
and Corporate Secretary
Officers of Peoples Bank
Tanya A. Buerger
Senior Vice President, Chief Information
and Technology Officer
Terrence M. Quinn
Senior Vice President, Chief Wealth
Management Officer
Todd M. Scheub
Senior Vice President, Chief Lending Officer
Management Personnel of Peoples Bank
Finance and Controls Group
Peymon S. Torabi
Senior Vice President, Controller
Jason A. Griffin
Assistant Vice President, Assistant Controller
Teresa A. Ponto
Assistant Vice President, Staff Accountant
Michaelene M. Smith
Assistant Vice President, Accounting
Human Resource Group
Karen K. Myers
Vice President, Manager, Human Resources
Jill M. Knight
Vice President, Training Coordinator
Michelle L. Havens
Assistant Vice President,
Human Resource Generalist
Tonika L. Housler
Assistant Vice President,
Human Resource Specialist
Lending Group
Business Lending
Daniel W. Moser
Senior Vice President, Construction
and Development Lending and Portfolio Manager
Brian E. Rusin
Vice President, Manager, Business Banking
Gregory Bracco, Vice President, Team Manager,
Business Banking
Daniel J. Duncan
Vice President, Business Banker
Ronald P. Knestrict
Vice President, Business Banker
J. Daniel Magura
Vice President, Business Banker
Donald P. McCormick
Vice President, Business Banker
Kevin W. Crose, Assistant Vice President,
Business Banker
Kimberly S. Modigell, Assistant Vice President,
Business Banker
Linda J. Banis
Assistant Vice President, Administrative Assistant
Loan Collections
Donald D. Evans
Assistant Vice President, Manager of Collections
and Consumer Lending Officer
Retail Lending
Brian S. Gill
Vice President, Manager, Retail Lending
Jeremy A. Gorelick
Vice President, Mortgage Loan Originator
Austin P. Logue
Vice President, Mortgage Loan Originator
Rachel C. Lentz
Assistant Vice President, Mortgage Loan
Originator
Nancy L. Weckler
Assistant Vice President, Loan Underwriting
Marketing Group
Marilyn Furticella
Vice President, Marketing
Sarah R. Ricciardi,
Assistant Vice President, Marketing Coordinator
Operations and Technology Group
Bank Operations
Mary D. Mulroe
Vice President, Process Management
Donna M. Gin
Vice President, Operations & Technology
Deposit Operations
Sheldon Cutler
Vice President, Deposit Operations
Theresa M. Johnson, Assistant Vice President,
Deposit Operations
Information Technology
Matthew S. Manoski
Vice President, Manager, Information Technology
Jonathan M. Foster
Assistant Vice President, Information Technology
Kurt M. Miller
Assistant Vice President, Information Technology
Loan Operations
Karen M. Sulek
Vice President, Manager, Loan Operations
Bonnie J. Connors
Assistant Vice President, Loan Operations
Antoinette S. Shettles
Assistant Vice President, Loan Operations
Margaret Travis
Assistant Vice President, Loan Operations
Sharon V. Vacendak
Assistant Vice President, Loan Operations
Systems Delivery
Julie M. Bonnema
Vice President, Manager, Systems Delivery
Kimberlee Klisiak, Assistant Vice President,
Systems Delivery
Retail Banking Group
Carla J. Houck
Vice President, Retail Banking Group
Meredith L. Bielak
Vice President, Retail Banking Manager
Cynthia S. Miles
Assistant Vice President, Retail Banking Assistant
Banking Centers
Michael A. Cronin
Vice President, Manager,
Schererville Banking Center
Candice N. Logue
Vice President, Manager,
Munster & Highland Banking Centers
Sandra L. Sigler
Vice President, Manager,
Woodmar & Hammond Banking Centers
Kelly A. Stoming
Vice President, Manager
Charman F. Williamson
Vice President, Manager,
Merrillville Broadway Banking Center
Rebecca L. Bach
Assistant Vice President, Manager,
Dyer Banking Center
Jennifer L. Connell
Assistant Vice President, Manager,
Hobart Banking Center
Diane E. Dalton
Assistant Vice President, Manager,
Gary Banking Center
Jessica S. Higareda
Assistant Vice President, Manager,
East Chicago Banking Center
Matthew G. Lambert
Assistant Vice President, Manager,
Merrillville Taft Banking Center
Sharon Morales
Assistant Vice President, Manager,
Crown Point Banking Center
Cynthia J. Sausman
Assistant Vice President, Manager,
Valparaiso Banking Center
Donna M. Vurva
Assistant Vice President, Manager
Nadia M. Grisolia
Assistant Vice President, Assistant Manager
Nancy M. Kaczka
Assistant Vice President, Assistant Manager,
Munster Banking Center
Amy L. Kopack
Manager, St. John Banking Center
Risk Management Group
Lisa J. Anderson, Vice President, Manager, Credit
Administration
Christine M. Friel
Vice President, Manager, Loan Review
Linda C. Nemeth
Vice President, Internal Auditor
Michael J. Shimala
Vice President, Compliance & Security Officer
Angelica M. Leal, Assistant Vice President,
Compliance & Security
Jennifer M. Purbaugh, Assistant Vice President,
Loan Review
Wealth Management Group
Mary T. Ciciora
Vice President,
Senior Wealth Management Officer
Thomas C. Devine
Vice President, Wealth Management Officer
David J. Kwait
Vice President, Staff Attorney/Legal
Counsel and Wealth Management Officer
Randall H. Walker
Vice President, Wealth Management Officer
Stephan A. Ziemba
Vice President,
Senior Wealth Management Officer
Joyce M. Barr
Assistant Vice President,
Wealth Management Officer
Other Management Personnel
Laura J. Spicer
Assistant Vice President, Executive Assistant
to the Chairman
CORPORATE HEADQUARTERS
9204 Columbia Avenue
Munster, Indiana 46321
(219) 836-4400
Stock Transfer Agent
The Bank acts as the transfer agent
for the Bancorp’s common stock.
Independent Auditors
Plante & Moran, PLLC
10 S. Riverside Plaza, 9th Floor
Chicago, Illinois 60606-3564
Special Legal Counsel
Barnes & Thornburg LLP
11 S. Meridian Street
Indianapolis, Indiana 46204
Annual Stockholders Meeting
The Annual Meeting of Stockholders of
NorthWest Indiana Bancorp will be held
at the Peoples Bank Corporate Center at
9204 Columbia Avenue, Munster, Indiana,
on April 24, 2015 at 8:30 a.m.
Annual Report on Form 10-K
A copy of the Annual Report on Form 10-K,
for the NorthWest Indiana Bancorp, as filed
with the Securities and Exchange Commission,
will be furnished without charge to stockholders
as of the record date upon written request to the:
Corporate Secretary
NorthWest Indiana Bancorp
9204 Columbia Avenue
Munster, Indiana 46321
ibankpeoples.com
SUBSIDIARY OF NORTHWEST INDIANA BANCORP
CROWN POINT, 855 Stillwater Parkway, (219) 662-0220
DYER, 1300 Sheffield Avenue, (219) 322-2530
EAST CHICAGO, 4901 Indianapolis Blvd., (219) 378-1000
GARY, 1801 W. 25th Avenue, (219) 944-0005
HAMMOND, 7120 Indianapolis Blvd., (219) 844-4500
130 Rimbach Street, (219) 932-0052
HIGHLAND, 9030 Cline Avenue, (219) 838-9101
HOBART, 1501 S. Lake Park Avenue, (219) 945-1305
MERRILLVILLE, 7915 Taft Street, (219) 796-9000
8600 Broadway, (219) 685-8600
MUNSTER, 9204 Columbia Avenue, (219) 853-7550
Corporate Center, (219) 836-4400
Loan Center, (219) 853-7500
Wealth Management, (219) 853-7080
ST. JOHN, 9903 Wicker Avenue, (219) 365-5400
SCHERERVILLE, 141 W. Lincoln Highway, (219) 865-4300
VALPARAISO, 2905 Calumet Avenue, (219) 462-4100
Member FDIC