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false 0001303942 0001303942 2021-07-30 2021-07-30
 
 
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
FORM 8-K
 
CURRENT REPORT
 
PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): July 30, 2021
 
 
 
BANKFINANCIAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
 
 
 
Maryland
0-51331
75-3199276
(State or Other Jurisdiction
of Incorporation)
(Commission
File No.)
(I.R.S. Employer
Identification No.)
 
 
 
60 North Frontage Road, Burr Ridge, Illinois
(Address of Principal Executive Offices)
60527
(Zip Code)
 
 
Registrant’s telephone number, including area code: (800) 894-6900
 
Not Applicable
(Former name, former address and former fiscal year, if changed since last report) 
 
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
 
Trading
Symbol(s)
 
Name of each exchange on which registered
Common Stock, par value $0.01 per share
 
BFIN
 
The NASDAQ Stock Market LLC
 
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
 
Emerging growth company ☐
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
 
 
 
 
Item 7.01. Regulation FD Disclosure.
 
BankFinancial Corporation (the “Company”) will review results for the second quarter and six months ended June 30, 2021 in a conference call and webcast for stockholders and analysts on Monday, August 2, 2021 at 9:30 a.m. Chicago, Illinois Time. 
 
The conference call may be accessed by calling (844) 413-1780 using participant passcode 1887954. The conference call will be simultaneously webcast at www.bankfinancial.com, “Investor Relations” page.
 
Item 8.01. Other Events.

On July 30, 2021, the Company issued a press release announcing the filing of its Quarterly Report on Form 10-Q for the second quarter ended June 30, 2021 and issued the Quarterly Financial and Statistical Supplement for the latest five quarters. The press release and Quarterly Financial and Statistical Supplement are included as Exhibits 99.1 and 99.2 to this report.
 
Item 9.01    Financial Statements and Exhibits.
 
 
(a)
Not Applicable.
 
(b)
Not Applicable.
 
(c)
Not Applicable.
 
(d)
Exhibits.
 
Exhibit No.
Description
 
Press Release dated July 30, 2021
 
Quarterly Financial and Statistical Supplement
  104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
 
 
 
 
SIGNATURES
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
 
 
 
 
BANKFINANCIAL CORPORATION
 
 
 
 
 
 
 
Dated:
 July 30, 2021
 
By:
/s/ F. Morgan Gasior
 
 
 
 
 
F. Morgan Gasior
 
 
 
 
 
Chairman of the Board, Chief Executive Officer and President
 
 
ex_186771.htm

 

Exhibit 99.1

 

https://cdn.kscope.io/9abeb5440c4fd16b5cd790d484b81576-bfinlogo.jpg
 

FOR IMMEDIATE RELEASE

 

BankFinancial Corporation Reports Financial Results for the Second Quarter 2021 and

Will Host Conference Call and Webcast on Monday, August 2, 2021

 

Burr Ridge, Illinois - (July 30, 2021) BankFinancial Corporation (Nasdaq – BFIN) (the “BankFinancial”) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and a Quarterly Financial and Statistical Supplement in Form 8-K with the U.S. Securities and Exchange Commission (the “SEC”) today.

 

BankFinancial reported net income for the three months ended June 30, 2021 of $1.9 million, or $0.13 per common share, compared to net income of $2.4 million, or $0.16 per common share, for the three months ended June 30, 2020.  BankFinancial also reported net income for the six months ended June 30, 2021 of $3.4 million, or $0.23 per common share, compared to net income of $4.8 million, or $0.32  per common share, for the six months ended June 30, 2020.  At June 30, 2021, BankFinancial had total assets of $1.657 billion, total loans of $1.032 billion, total deposits of $1.439 billion and stockholders' equity of $166 million.

 

The Quarterly Report on Form 10-Q and the Quarterly Financial and Statistical Supplement will be available today on BankFinancial's website, www.bankfinancial.com on the “Investor Relations” page, and through the EDGAR database on the SEC's website, www.sec.gov.  The Quarterly Financial and Statistical Supplement includes comparative GAAP and non-GAAP performance data and financial measures for the most recent five quarters.

 

BankFinancial's management will review second quarter 2021 results in a conference call and webcast for stockholders and analysts on Monday, August 2, 2021 at 9:30 a.m. Chicago, Illinois Time.  The conference call may be accessed by calling (844) 413-1780 using participant passcode 1887954. The conference call will be simultaneously webcast at www.bankfinancial.com, “Investor Relations” page.  For those unable to participate in the conference call, the webcast will be archived through Monday, August 16, 2021 on our website.

 

BankFinancial Corporation is the holding company for BankFinancial, NA, a national bank providing banking, wealth management and fiduciary services to individuals, families and businesses in the Chicago metropolitan area and on a regional or national basis for commercial finance, equipment finance, commercial real estate finance and treasury management business customers.  BankFinancial Corporation's common stock trades on the Nasdaq Global Select Market under the symbol “BFIN.” Additional information may be found at the company's website, www.bankfinancial.com

 

This release includes “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. A variety of factors could cause BankFinancial’s actual results to differ from those expected at the time of this release. For a discussion of some of the factors that may cause actual results to differ from expectations, please refer to BankFinancial’s most recent Annual Report on Form 10-K as filed with the SEC, as supplemented by subsequent filings with the SEC. Investors are urged to review all information contained in these reports, including the risk factors discussed therein. Copies of these filings are available at no cost on the SEC's web site at www.sec.gov or on BankFinancial’s web site at www.bankfinancial.com. Forward looking statements speak only as of the date they are made, and we do not undertake to update them to reflect changes.

 

 
     

For Further Information Contact:

 

 

Shareholder, Analyst and Investor Inquiries:

 

Media Inquiries:

Elizabeth A. Doolan

Senior Vice President – Finance

BankFinancial Corporation

Telephone: 630-242-7151

 

Gregg T. Adams

President – Marketing & Sales

BankFinancial, NA

Telephone: 630-242-7234

 

 
ex_186772.htm

Exhibit 99.2

 

 

 

BANKFINANCIAL CORPORATION

 

Second QUARTER 2021

 

QUARTERLY FINANCIAL AND STATISTICAL SUPPLEMENT

 

FOR THE LATEST FIVE QUARTERS

 

 

Note: Certain reclassifications have been made in the prior period’s financial statements and reflected in the Selected Quarterly Financial and Statistical Data tables to conform to the current period’s presentation.

 

The information and statistical data contained herein have been prepared by BankFinancial Corporation and have been derived or calculated from selected quarterly and period–end historical financial statements prepared in accordance with accounting principles generally accepted in the United States. BankFinancial Corporation is under no obligation to update, keep current, or continue to provide the information contained herein. This information is provided solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or establish any business relationships with BankFinancial Corporation or its subsidiary.

 

 

 
 
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters
(Dollars in thousands; except per share) – (Unaudited)
 

 

    2021   2020
   

IIQ

  

IQ

  

IVQ

  

IIIQ

  

IIQ

PERFORMANCE MEASUREMENTS

                                        

Return on assets (ratio of net income to average total assets) (1)

   0.47 %   0.37 %   0.62 %   0.49 %   0.61 %

Return on equity (ratio of net income to average equity) (1)

   4.52   3.40   5.63   4.50   5.42

Net interest rate spread (1)

   2.67   2.73   2.92   2.69   2.90

Net interest margin (1)

   2.75   2.81   3.03   2.85   3.09

Efficiency ratio (2)

   83.94   86.05   74.40   79.82   74.06

Noninterest expense to average total assets (1)

   2.50   2.56   2.46   2.45   2.40

Average interest–earning assets to average interest–bearing liabilities

   140.97   141.49   142.75   141.40   138.21

Number of full service offices

   19   19   19   19   19

Employees (full time equivalents)

   218   220   210   210   199
                                         

SUMMARY STATEMENT OF FINANCIAL CONDITION

                                        

ASSETS

                                        

Cash and due from other financial institutions

   $ 12,185   $ 9,567   $ 14,115   $ 13,740   $ 13,826

Interest-bearing deposits in other financial institutions

   523,851   489,016   489,381   415,925   370,939

Securities, at fair value

   18,883   20,751   23,829   42,048   59,437

Loans receivable, net

   1,032,159   1,028,840   1,002,578   1,065,892   1,081,798

Foreclosed assets, net

   1,702   4,630   157   110   143

Stock in Federal Home Loan Bank and Federal Reserve Bank, at cost

   7,490   7,490   7,490   7,490   7,490

Premises and equipment, net

   24,765   24,726   24,675   24,241   24,323

Bank-owned life insurance

   19,066   19,036   19,015   18,996   18,986

Deferred taxes

   2,363   2,473   2,741   3,520   3,615

Other assets

   14,158   13,856   12,861   12,981   12,572

Total assets

   $ 1,656,622   $ 1,620,385   $ 1,596,842   $ 1,604,943   $ 1,593,129
                                         

LIABILITIES AND STOCKHOLDERS’ EQUITY

                                        

Deposits

   $ 1,438,574   $ 1,422,037   $ 1,393,544   $ 1,402,244   $ 1,388,155

Borrowings

   5,000   4,000   4,000   4,000   4,000

Subordinated Notes, net of unamortized issuance costs

   19,568   —   —   —   —

Other liabilities

   27,044   22,915   26,368   26,302   28,520

Total liabilities

   1,490,186   1,448,952   1,423,912   1,432,546   1,420,675

Stockholders’ equity

   166,436   171,433   172,930   172,397   172,454

Total liabilities and stockholders’ equity

   $ 1,656,622   $ 1,620,385   $ 1,596,842   $ 1,604,943   $ 1,593,129

 

(1)

Annualized

(2)

The efficiency ratio represents noninterest expense, divided by the sum of net interest income and noninterest income.

 

 
Page 1
 
 
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

 

 

    2021   2020
   

IIQ

  

IQ

  

IVQ

  

IIIQ

  

IIQ

SUMMARY STATEMENT OF OPERATIONS

                                        

Total interest income

   $ 11,497   $ 11,248   $ 12,543   $ 12,485   $ 13,194

Total interest expense

   722   668   947   1,488   1,869

Net interest income

   10,775   10,580   11,596   10,997   11,325

Provision for (recovery of) loan losses

   (678 )   (335 )   (271 )   (187 )   42

Net interest income after provision for (recovery of) loan losses

   11,453   10,915   11,867   11,184   11,283

Noninterest income

   1,426   1,258   1,541   1,264   1,163

Noninterest expense

  

10,241

   10,187   9,774   9,787   9,249

Income before income tax

   2,638   1,986   3,634   2,661   3,197

Income tax expense (1)

   712   517   1,189   713   845

Net income

   $ 1,926   $ 1,469   $ 2,445   $ 1,948   $ 2,352

Basic and diluted earnings per common share

   $ 0.13   $ 0.10   $ 0.17   $ 0.13   $ 0.16
                                         

NONINTEREST INCOME AND EXPENSE

                                        

Noninterest Income

                                        

Deposit service charges and fees

   $ 800   $ 738   $ 740   $ 833   $ 736

Loan servicing fees

   141   55   363   44   82

Mortgage brokerage and banking fees

   5   12   14   44   11

Loss on disposal of other assets

   —   —   (3 )   —   —

Trust insurance commissions and annuities income

   283   334   233   222   224

Earnings on bank-owned life insurance

   30   21   19   10   9

Other

   167   98   175   111   101

Total noninterest income

   $ 1,426   $ 1,258   $ 1,541   $ 1,264   $ 1,163
                                         

Noninterest Expense

                                        

Compensation and benefits

   $ 5,558   $ 5,471   $ 5,239   $ 5,398   $ 5,168

Office occupancy and equipment

   1,951   2,138   1,978   1,860   1,723

Advertising and public relations

   179   196   159   135   118

Information technology

   653   658   741   781   808

Professional fees

   343   370   412   341   289

Supplies, telephone, and postage

   442   400   357   288   284

Amortization of intangibles

   —   7   7   6   7

Nonperforming asset management

   8   41   (8 )   57   57

Operations of foreclosed assets, net

   232   53   4   23   7

FDIC insurance premiums

   114   106   107   105   102

Other

   761   747   778   793   686

Total noninterest expense

   $ 10,241   $ 10,187   $ 9,774   $ 9,787   $ 9,249

 

(1)

Income tax expense for the quarter ended December 31, 2020 includes a $200,000 valuation reserve related to the Company's Illinois NOL carryforward.

 

Page 2
 
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

 

    2021   2020
   

IIQ

  

IQ

  

IVQ

  

IIIQ

  

IIQ

LOANS

                                        

One–to–four family residential real estate

   $ 34,762   $ 38,236   $ 41,691   $ 44,812   $ 48,928

Multi–family mortgage

   434,635   440,824   452,241   522,825   536,619

Nonresidential real estate

   100,008   112,154   108,658   124,477   127,560

Construction and land

   499   499   499   —   —

Commercial loans and leases (1)

   467,461   442,706   405,057   379,638   374,606

Consumer

   1,796   1,756   1,812   1,784   1,783
    1,039,161   1,036,175   1,009,958   1,073,536   1,089,496

Net deferred loan origination fees and costs

   (145 )   60   371   367   458

Allowance for loan losses

   (6,857 )   (7,395 )   (7,751 )   (8,011 )   (8,156 )

Loans, net

   $ 1,032,159   $ 1,028,840   $ 1,002,578   $ 1,065,892   $ 1,081,798
                                         

LOAN ORIGINATIONS (2)

                                        

One–to–four family residential real estate

   $ 349   $ 403   $ 290   $ 557   $ 667

Multi–family mortgage

   25,486   20,680   16,024   12,593   21,546

Nonresidential real estate

   581   5,046   61   217   855

Construction and land

   —   —   499   —   —

Commercial loans

   83,548   77,072   72,441   40,439   110,080

Equipment finance

   57,077   67,913   75,491   58,864   18,036

Consumer

   652   605   640   590   489
    $ 167,693   $ 171,719   $ 165,446   $ 113,260   $ 151,673

Weighted average interest rate

   4.20 %   3.87 %   4.16 %   4.04 %   4.13 %
                                         

LOAN PAYMENTS and PAYOFFS (3)

                                        

One–to–four family residential real estate

   $ 3,870   $ 3,897   $ 3,396   $ 4,711   $ 4,586

Multi–family mortgage

   31,554   32,737   86,003   26,630   27,814

Nonresidential real estate

   12,643   1,627   15,881   3,159   6,583

Commercial loans

   83,991   70,531   82,006   56,765   139,932

Equipment finance

   31,856   31,547   40,746   38,804   35,841

Consumer

   622   634   614   580   755
    $ 164,536   $ 140,973   $ 228,646   $ 130,649   $ 215,511

Weighted average interest rate

   4.44 %   4.27 %   4.57 %   4.49 %   4.58 %

 

(1) Beginning in Q3 2020, commercial loans and leases are presented as one line item.  Previously they were presented separately.  Prior periods have been reclassified to conform with current presentation. 

(2)

Loan originations include purchased loans, draws on revolving lines of credit and exclude loan renewals.

(3)

Loan payments and payoffs exclude loan renewals.

 

Page 3
 
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

 

    2021   2020
   

IIQ

  

IQ

  

IVQ

  

IIIQ

  

IIQ

CREDIT QUALITY:

                                        

Nonperforming Assets:

                                        

Nonaccrual loans:

                                        

One–to–four family residential real estate

   $ 588   $ 384   $ 925   $ 465   $ 662

Nonresidential real estate

   296   296   296   1,870   288

Other commercial leases

   —   —   —   —   833

Nonaccrual loans

   884   680   1,221   2,335   1,783
                                         

Foreclosed assets, net

                                        

Other real estate owned:

                                        

One–to–four family residential real estate

   335   695   157   110   143

Nonresidential real estate

   140   170   —   —   —

Other real estate owned

   475   865   157   110   143
                                         

Other foreclosed assets

   1,227   3,765   —   —   —

Foreclosed assets, net

   1,702   4,630   157   110   143
                                         

Nonperforming assets

   $ 2,586   $ 5,310   $ 1,378   $ 2,445   $ 1,926
                                         

Asset Quality Ratios

                                        

Nonperforming assets to total assets

   0.16 %   0.33 %   0.09 %   0.15 %   0.12 %

Nonperforming loans to total loans (1)

   0.09   0.07   0.12   0.22   0.16

Nonperforming commercial-related loans to total commercial-related loans (2)

   0.03   0.03   0.03   0.18   0.11

Nonperforming residential and consumer loans to total residential and consumer loans

   1.61   0.96   2.13   1.00   1.31

Allowance for loan losses to nonperforming loans

   775.68   1,087.50   634.81   343.08   457.43
                                         

Concentrations of Credit

                                        

Commercial real estate for FFIEC concentration limits

   $ 513,165   $ 528,906   $ 540,837   $ 622,273   $ 637,777

% FFIEC total capital

   299.52 %   312.12 %   321.95 %   366.52 %   374.58 %
                                         

Multi–family mortgage loans - 50% risk based capital qualified (included above)

   $ 130,984   $ 207,531   $ 238,124   $ 278,271   $ 235,176

% FFIEC total capital

   76.45 %   122.47 %   141.75 %   163.90 %   138.12 %
                                         

 

(1)

Nonperforming loans include nonaccrual loans and loans past due 90 days and still accruing. 

(2)

Commercial-related loans include multi-family mortgage, nonresidential real estate, construction and land, and commercial loans and leases.

 

Page 4
 
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

 

    2021   2020
   

IIQ

  

IQ

  

IVQ

  

IIIQ

  

IIQ

SUBSTANDARD PERFORMING LOANS

                                        

One–to–four family residential real estate

   $ 390   $ 628   $ 486   $ 517   $ 501

Nonresidential real estate

   —   82   84   1,196   2,790

Commercial loans and leases

   —   11   5,891   1,296   1,261

Consumer

   4   4   5   5   11
    $ 394   $ 725   $ 6,466   $ 3,014   $ 4,563
                                         

ALLOWANCE FOR LOAN LOSSES

                                        

Beginning balance

   $ 7,395   $ 7,751   $ 8,011   $ 8,156   $ 8,112

Charge–offs:

                                        

One-to-four family residential real estate

   —   —   (2 )   (2 )   —

Commercial loans and leases

   —   (86 )   —   —   —

Consumer

   (6 )   (9 )   (18 )   (14 )   (17 )
    (6 )   (95 )   (20 )   (16 )   (17 )

Recoveries:

                                        

One-to-four family residential real estate

   49   60   19   2   3

Multi-family mortgage

   10   11   11   56   15

Commercial loans and leases

   87   1   1   —   1

Consumer

   —   2   —   —   —
    146   74   31   58   19
                                         

Net recoveries (charge–offs)

   140   (21 )   11   42   2

Provision for (recovery of ) loan losses

   (678 )   (335 )   (271 )   (187 )   42

Ending balance

   $ 6,857   $ 7,395   $ 7,751   $ 8,011   $ 8,156
                                         

Allowance for loan losses to total loans

   0.66 %   0.71 %   0.77 %   0.75 %   0.75 %

Net recoveries (charge–offs) ratio (1)

   0.05   (0.01 )   —   0.02   —

 

(1)

Annualized

 

Page 5
 
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

 

    2021   2020
   

IIQ

  

IQ

  

IVQ

  

IIIQ

  

IIQ

DEPOSITS

                                        

Noninterest–bearing demand

   $ 325,294   $ 334,463   $ 326,188   $ 328,915   $ 305,096

Interest–bearing NOW accounts

   368,902   341,517   336,994   316,976   306,629

Money market accounts

   322,753   318,449   297,801   283,236   268,143

Savings deposits

   196,701   191,018   179,561   171,766   167,570

Certificates of deposit - retail

   220,482   230,407   245,823   278,560   307,033

Certificates of deposit - wholesale

   4,442   6,183   7,177   22,791   33,684
    $ 1,438,574   $ 1,422,037   $ 1,393,544   $ 1,402,244   $ 1,388,155
                                         

SELECTED AVERAGE BALANCES

                                        

Total average assets

   $ 1,641,003   $ 1,592,419   $ 1,588,887   $ 1,599,148   $ 1,541,352

Total average interest–earning assets

   1,573,429   1,528,472   1,524,087   1,534,324   1,475,901

Average loans

   1,041,696   1,010,682   1,047,244   1,080,521   1,116,067

Average securities

   20,735   21,207   36,180   52,265   66,750

Average stock in FHLB & FRB

   7,490   7,490   7,490   7,490   7,490

Average other interest–earning assets

   503,508   489,093   433,173   394,048   285,594

Total average interest–bearing liabilities

   1,116,105   1,080,271   1,067,628   1,085,129   1,067,854

Average interest–bearing deposits

   1,094,589   1,076,271   1,063,628   1,081,129   1,065,480

Average borrowings and Subordinated Notes

   21,516   4,000   4,000   4,000   2,374

Average stockholders’ equity

   170,509   172,841   173,649   173,266   173,677
                                         

SELECTED YIELDS AND COST OF FUNDS (1)

                                        

Total average interest–earning assets

   2.93 %   2.98 %   3.27 %   3.24 %   3.60 %

Average loans

   4.31   4.39   4.62   4.43   4.57

Average securities

   1.01   1.03   1.06   1.39   1.63

Average other interest–earning assets

   0.13   0.15   0.18   0.19   0.24

Total average interest–bearing liabilities

   0.26   0.25   0.35   0.55   0.70

Average interest–bearing deposits

   0.20   0.25   0.35   0.55   0.71

Average cost of total deposits

   0.16   0.19   0.27   0.42   0.56

Average cost of retail and commercial deposits

   0.19   0.24   0.33   0.49   0.63

Average cost of wholesale deposits, borrowings and Subordinated Notes

   3.02   1.54   1.85   2.21   2.35

Average cost of funds

   0.20   0.19   0.27   0.42   0.56

Net interest rate spread

   2.67   2.73   2.92   2.69   2.90

Net interest margin

   2.75   2.81   3.03   2.85   3.09

 

(1)

Annualized

 

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BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
Latest Five Quarters

(Dollars in thousands; except per share) – (Unaudited)

 

    2021   2020
   

IIQ

  

IQ

  

IVQ

  

IIIQ

  

IIQ

CAPITAL RATIOS

                                        

BankFinancial Corporation (1)

                                        

Equity to total assets (end of period)

   10.05 %   10.58 %   10.83 %   10.74 %   10.82 %

Tangible equity to tangible total assets (end of period)

   10.04   10.58   10.83   10.74   10.82

Risk–based total capital ratio

   21.16   20.10   20.07   18.68   17.84

Common Tier 1 (CET1)

   18.19   19.26   19.20   17.84   17.03

Risk–based tier 1 capital ratio

   18.19   19.26   19.20   17.84   17.03

Tier 1 leverage ratio

   10.05   10.67   10.79   10.66   11.06

Tier 1 capital

   $ 164,862   $ 169,768   $ 171,240   $ 170,271   $ 170,242

BankFinancial, NA (2)

                                        

Risk–based total capital ratio

   18.92 %   19.23 %   18.84 %   17.80 %   17.04 %

Common Tier 1 (CET1)

   18.17   18.39   17.97   16.96   16.22

Risk–based tier 1 capital ratio

   18.17   18.39   17.97   16.96   16.22

Tier 1 leverage ratio

   10.03   10.19   10.10   10.13   10.54

Tier 1 capital

   $ 164,471   $ 162,059   $ 160,236   $ 161,770   $ 162,108
                                         

COMMON STOCK AND DIVIDENDS

                                        

Stock Prices:

                                        

Close

   $ 11.44   $ 10.32   $ 8.78   $ 7.22   $ 8.40

High

   11.96   11.23   9.10   8.70   9.63

Low

   10.04   8.48   7.14   6.81   6.73

Common shares outstanding

   14,118,720   14,623,659   14,769,765   14,824,628   14,890,628

Book value per share

   $ 11.79   $ 11.72   $ 11.71   $ 11.63   $ 11.58

Tangible book value per share

   $ 11.79   $ 11.72   $ 11.71   $ 11.63   $ 11.58

Cash dividends declared on common stock

   $ 0.10   $ 0.10   $ 0.10   $ 0.10   $ 0.10

Dividend payout ratio

   75.10 %   100.29 %   60.43 %   76.13 %   63.73 %

Stock repurchases

   $ 5,457   $ 1,488   $ 416   $ 518   $ 1,474

Stock repurchases – shares

   504,939   146,106   54,863   66,000   181,640
                                         

EARNINGS PER SHARE COMPUTATIONS

                                        

Net income

   $ 1,926   $ 1,469   $ 2,445   $ 1,948   $ 2,352

Weighted average basic and dilutive common shares outstanding

   14,433,748   14,723,769   14,783,042   14,842,150   14,978,757

Basic and diluted earnings per common share

   $ 0.13   $ 0.10   $ 0.17   $ 0.13   $ 0.16

 

(1)

As a small bank holding company, the Company is exempt from the Federal Reserve Board's risk-based capital and leverage rules.  BankFinancial Corporation capital data is included for informational purposes only.  

(2)

As a qualifying community bank pursuant to Section 201 of the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018, the Bank elected to adopt the Community Bank Leverage Ratio requirement in the second quarter of 2020.  Pursuant to the Coronavirus Aid, Relief, and Economic Security Act of 2021, the Bank's required minimum Community Bank Leverage Ratio is 8.50% for the period ended March 31, 2021. The Community Bank Leverage Ratio is equal to the Bank's Tier 1 Leverage Ratio.  BankFinancial, NA capital data is included for informational purposes only.  

 

 
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