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bfin20220526_8k.htm

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 29, 2022

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, 2022 in a conference call and webcast for stockholders and analysts on Monday, August 1, 2022 at 9:30 a.m. Chicago, Illinois Time.

All participants will need to register for the conference call using the conferencing link below. We will also publish the conferencing link on our website.

Participant registration URL: https://register.vevent.com/register/BI1223cfcf06784c6c927643834d601a85

This link will take participants to the online registration form. On the day of the call participants will have their choice of options: dial-in to the call with the number and unique passcode provided OR select the dial-out “Call Me” option to connect their phone instantly. Participants can join via desktop, tablet or phone.

Item 8.01. Other Events.

On July 29, 2022, the Company issued a press release announcing the filing of its Quarterly Report on Form 10-Q for the second quarter ended June 30, 2022 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
	99.1	Press Release dated July 29, 2022
	99.2	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 29, 2022	By:	/s/ F. Morgan Gasior
			F. Morgan Gasior
			Chairman of the Board, Chief Executive Officer and President

ex_380783.htm

Exhibit 99.1

https://cdn.kscope.io/c88394ae64380174f8995fdd34274e96-bfinlogo.jpg

FOR IMMEDIATE RELEASE

BankFinancial Corporation Reports Financial Results for the Second Quarter 2022 and

Will Host Conference Call and Webcast on Monday, August 1, 2022

Burr Ridge, Illinois - (July 29, 2022) BankFinancial Corporation (Nasdaq – BFIN) (the “BankFinancial”) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 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, 2022 of $2.6 million, or $0.19 per common share, compared to net income of $1.9 million, or $0.13 per common share, for the three months ended June 30, 2021. At June 30, 2022, BankFinancial had total assets of $1.645 billion, total loans of $1.143 billion, total deposits of $1.445 billion and stockholders' equity of $154 million.

Total net loans increased by $87.7 million (8.3%) during the quarter ended June 30, 2022. Total multi-family mortgage loans increased by $50.2 million (11.5%), total commercial loans and leases increased by $23.4 million (4.7%) and nonresidential real estate loans increased by $16.2 million (16.2%). Yields on loan originations were 4.87% in the second quarter of 2022, compared to 4.56% in the first quarter of 2022, reflecting higher market yields on new commercial credit originations and the increase in the Wall Street Journal Prime Rate during the first half of 2022.

Total deposits decreased by $16.9 million during the quarter ended June 30, 2022, primarily due to decreases in commercial deposit account balances and retail certificate of deposit accounts, partially offset by increases in interest-bearing deposit account balances.

The Company’s ratio of nonperforming loans to total loans remained stable at 0.15% for the quarter ended June 30, 2022, compared to 0.18% as of March 31, 2022. Our allowance for loan losses was 0.63% of total loans as of June 30, 2022.

The Company’s capital position remained strong, with a Tier 1 leverage ratio of 9.48% as of June 30, 2022. The Company repurchased 25,000 of its common shares during the quarter ended June 30, 2022. The Company’s tangible book value per common share increased to $11.72 per share as of June 30, 2022.

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 2022 results in a conference call and webcast for stockholders and analysts on Monday, August 1, 2022 at 9:30 a.m. Chicago, Illinois Time. All participants will need to register for the conference call using the conferencing link below. We will also publish the conferencing link on our website. Participant registration URL: https://register.vevent.com/register/BI1223cfcf06784c6c927643834d601a85

For those persons unable to participate in the conference call, the webcast will be archived through Monday, August 15, 2022 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: 630-425-5568		Gregg T. Adams President – Marketing & Sales BankFinancial, NA Telephone: 630-425-5877

ex_380784.htm

Exhibit 99.2

BANKFINANCIAL CORPORATION

Second QUARTER 2022

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)

	2022						2021
	IIQ			IQ			IVQ			IIIQ			IIQ
PERFORMANCE MEASUREMENTS
Return on assets (ratio of net income to average total assets) ⁽¹⁾		0.62	%		0.30	%		0.57	%		0.40	%		0.47	%
Return on equity (ratio of net income to average equity) ⁽¹⁾		6.64			3.24			6.00			4.05			4.52
Net interest rate spread ⁽¹⁾		3.00			2.66			2.75			2.68			2.67
Net interest margin ⁽¹⁾		3.07			2.73			2.81			2.75			2.75
Efficiency ratio ⁽²⁾		73.01			84.20			79.50			81.96			83.94
Noninterest expense to average total assets ⁽¹⁾		2.47			2.47			2.47			2.45			2.50
Average interest–earning assets to average interest–bearing liabilities		138.10			139.03			138.57			138.97			140.97
Number of full service offices		19			19			19			19			19
Employees (full time equivalents)		200			206			221			224			218

SUMMARY STATEMENT OF FINANCIAL CONDITION
ASSETS
Cash and due from other financial institutions	$	10,655		$	9,722		$	9,095		$	11,432		$	12,185
Interest-bearing deposits in other financial institutions		259,816			391,280			493,067			517,183			523,851
Securities, at fair value		158,951			132,634			85,694			14,693			18,883
Loans receivable, net		1,142,743			1,055,069			1,044,207			1,047,056			1,032,159
Foreclosed assets, net		842			968			725			1,049			1,702
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		25,103			24,939			25,043			24,772			24,765
Bank-owned life insurance		18,893			19,157			19,129			19,097			19,066
Deferred taxes		4,261			3,750			2,762			2,348			2,363
Other assets		16,132			15,143			13,470			15,022			14,158
Total assets	$	1,644,886		$	1,660,152		$	1,700,682		$	1,660,142		$	1,656,622

LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits	$	1,444,750		$	1,461,605		$	1,488,431		$	1,454,389		$	1,438,574
Borrowings		—			5,000			5,000			5,000			5,000
Subordinated notes, net of unamortized issuance costs		19,612			19,601			19,590			19,578			19,568
Other liabilities		26,394			20,051			30,195			23,002			27,044
Total liabilities		1,490,756			1,506,257			1,543,216			1,501,969			1,490,186
Stockholders’ equity		154,130			153,895			157,466			158,173			166,436
Total liabilities and stockholders’ equity	$	1,644,886		$	1,660,152		$	1,700,682		$	1,660,142		$	1,656,622

⁽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)

	2022				2021
	IIQ		IQ		IVQ			IIIQ			IIQ
SUMMARY STATEMENT OF OPERATIONS
Total interest income	$	12,884	$	11,418	$	12,073		$	11,748		$	11,497
Total interest expense		754		643		686			718			722
Net interest income		12,130		10,775		11,387			11,030			10,775
Provision for (recovery of) loan losses		459		276		(221	)		(6	)		(678	)
Net interest income after provision for (recovery of) loan losses		11,671		10,499		11,608			11,036			11,453
Noninterest income		1,839		1,444		1,631			1,374			1,426
Noninterest expense		10,199		10,289		10,349			10,166			10,241
Income before income tax		3,311		1,654		2,890			2,244			2,638
Income tax expense ⁽¹⁾		744		386		519			600			712
Net income	$	2,567	$	1,268	$	2,371		$	1,644		$	1,926
Basic and diluted earnings per common share	$	0.19	$	0.10	$	0.18		$	0.12		$	0.13

NONINTEREST INCOME AND EXPENSE
Noninterest Income
Deposit service charges and fees	$	826	$	781	$	832		$	814		$	800
Loan servicing fees		190		101		395			140			141
Mortgage brokerage and banking fees		9		8		2			16			5
Trust insurance commissions and annuities income		262		338		256			263			283
Earnings on bank-owned life insurance		11		28		32			31			30
Bank-owned life insurance death benefit		446		—		—			—			—
Other		95		188		114			110			167
Total noninterest income	$	1,839	$	1,444	$	1,631		$	1,374		$	1,426

Noninterest Expense
Compensation and benefits	$	5,489	$	5,480	$	5,827		$	5,782		$	5,558
Office occupancy and equipment		1,933		2,134		1,711			1,824			1,892
Advertising and public relations		208		142		195			157			187
Information technology		895		851		871			779			723
Professional fees		412		373		312			311			343
Supplies, telephone, and postage		362		347		391			382			442
FDIC insurance premiums		106		116		133			125			114
Other		794		846		909			806			982
Total noninterest expense	$	10,199	$	10,289	$	10,349		$	10,166		$	10,241

⁽¹⁾	Income tax expense for the quarter ended December 31, 2021 includes a $200,000 valuation reserve recovery 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)

	2022						2021
	IIQ			IQ			IVQ			IIIQ			IIQ
LOANS
One–to–four family residential real estate	$	26,247		$	28,221		$	30,133		$	31,829		$	34,762
Multi–family mortgage		485,742			435,522			426,136			435,634			434,635
Nonresidential real estate		115,983			99,817			103,172			100,469			100,008
Construction and land		84			—			—			499			499
Commercial loans and leases		519,662			496,245			489,512			483,705			467,461
Consumer		1,574			1,572			1,685			1,760			1,796
		1,149,292			1,061,377			1,050,638			1,053,896			1,039,161
Net deferred loan origination fees and costs		653			478			284			55			(145	)
Allowance for loan losses		(7,202	)		(6,786	)		(6,715	)		(6,895	)		(6,857	)
Loans, net	$	1,142,743		$	1,055,069		$	1,044,207		$	1,047,056		$	1,032,159

LOAN ORIGINATIONS ⁽¹⁾
One–to–four family residential real estate	$	268		$	348		$	494		$	332		$	349
Multi–family mortgage		75,595			35,661			38,265			33,296			25,486
Nonresidential real estate		21,254			5,837			6,522			2,988			581
Construction and land		84			—			—			—			—
Commercial loans		183,464			184,290			195,228			125,404			83,548
Equipment finance		90,267			30,821			84,072			51,890			57,077
Consumer		563			496			572			584			652
	$	371,495		$	257,453		$	325,153		$	214,494		$	167,693
Weighted average interest rate		4.87	%		4.56	%		4.07	%		4.33	%		4.20	%

LOAN PAYMENTS and PAYOFFS ⁽²⁾
One–to–four family residential real estate	$	2,233		$	2,324		$	2,266		$	3,364		$	3,870
Multi–family mortgage		26,156			25,598			47,882			32,362			31,554
Nonresidential real estate		5,018			8,823			3,760			2,613			12,643
Construction and land		—			—			499			—			—
Commercial loans		197,912			170,543			202,524			111,666			83,991
Equipment finance		51,671			38,701			71,088			49,241			31,856
Consumer		557			587			656			610			622
	$	283,547		$	246,576		$	328,675		$	199,856		$	164,536
Weighted average interest rate		4.94	%		4.42	%		4.26	%		4.38	%		4.44	%

⁽¹⁾	Loan originations include purchased loans, draws on revolving lines of credit and exclude loan renewals.

⁽²⁾	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)

	2022						2021
	IIQ			IQ			IVQ			IIIQ			IIQ
CREDIT QUALITY:
Nonperforming Assets:
Nonaccrual loans:
One–to–four family residential real estate	$	323		$	330		$	367		$	341		$	588
Nonresidential real estate		—			—			297			296			296
Equipment finance		610			101			76			9			—
		933			431			740			646			884

Loans past due over 90 days still accruing		753			1,531			10			—			—

Foreclosed assets, net
Other real estate owned:
One–to–four family residential real estate		—			—			—			—			38
Nonresidential real estate		274			274			—			—			—
Other foreclosed assets		568			694			725			1,049			1,664
		842			968			725			1,049			1,702

Nonperforming assets	$	2,528		$	2,930		$	1,475		$	1,695		$	2,586

Asset Quality Ratios
Nonperforming assets to total assets		0.15	%		0.18	%		0.09	%		0.10	%		0.16	%
Nonperforming loans to total loans ⁽¹⁾		0.15			0.18			0.07			0.06			0.09
Nonperforming commercial-related loans to total commercial-related loans ⁽²⁾		0.12			0.16			0.04			0.03			0.03
Nonperforming residential and consumer loans to total residential and consumer loans		1.16			1.11			1.15			1.02			1.61
Allowance for loan losses to nonperforming loans		427.16			345.87			895.33			1,067.34			775.68

Concentrations of Credit
Commercial real estate for FFIEC concentration limits	$	579,455		$	514,434		$	508,298		$	514,777		$	513,165
% FFIEC total capital		331.26	%		295.56	%		294.98	%		298.54	%		299.52	%

Multi–family mortgage loans - 50% risk based capital qualified (included above)	$	121,717		$	153,558		$	67,548		$	73,776		$	130,984
% FFIEC total capital		69.58	%		88.22	%		39.20	%		42.79	%		76.45	%

⁽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)

	2022						2021
	IIQ			IQ			IVQ			IIIQ			IIQ
SUBSTANDARD PERFORMING LOANS
One–to–four family residential real estate	$	424		$	433		$	476		$	509		$	390
Commercial loans and leases		56			63			—			1,191			—
Consumer		5			3			6			7			4
	$	485		$	499		$	482		$	1,707		$	394

ALLOWANCE FOR LOAN LOSSES
Beginning balance	$	6,786		$	6,715		$	6,895		$	6,857		$	7,395
Charge–offs:
One-to-four family residential real estate		(1	)		(4	)		(3	)		—			—
Nonresidential real estate		—			(192	)		(7	)		—			—
Commercial loans and leases		(51	)		—			(7	)		—			—
Consumer		(15	)		(18	)		(12	)		(2	)		(6	)
		(67	)		(214	)		(29	)		(2	)		(6	)
Recoveries:
One-to-four family residential real estate		3			2			64			38			49
Multi-family mortgage		4			5			5			7			10
Nonresidential real estate		2			—			—			—			—
Commercial loans and leases		—			1			1			1			87
Consumer		15			1			—			—			—
		24			9			70			46			146

Net (charge–offs) recoveries		(43	)		(205	)		41			44			140
Provision for (recovery of) loan losses		459			276			(221	)		(6	)		(678	)
Ending balance	$	7,202		$	6,786		$	6,715		$	6,895		$	6,857

Allowance for loan losses to total loans		0.63	%		0.64	%		0.64	%		0.65	%		0.66	%
Net (charge–offs) recoveries ratio ⁽¹⁾		(0.02	)		(0.08	)		0.02			0.02			0.05

⁽¹⁾	Annualized

Page 5

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2022						2021
	IIQ			IQ			IVQ			IIIQ			IIQ
DEPOSITS
Noninterest–bearing demand	$	311,408		$	339,504		$	342,185		$	328,182		$	325,294
Interest–bearing NOW accounts		400,405			384,665			404,326			392,273			368,902
Money market accounts		334,237			330,094			333,369			319,857			322,753
Savings deposits		205,590			207,201			201,633			196,810			196,701
Certificates of deposit - retail		192,616			198,911			203,468			213,320			220,482
Certificates of deposit - wholesale		494			1,230			3,450			3,947			4,442
	$	1,444,750		$	1,461,605		$	1,488,431		$	1,454,389		$	1,438,574

SELECTED AVERAGE BALANCES
Total average assets	$	1,648,736		$	1,666,086		$	1,673,813		$	1,657,862		$	1,641,003
Total average interest–earning assets		1,586,230			1,601,040			1,608,652			1,592,482			1,573,429
Average loans		1,096,005			1,050,668			1,044,246			1,045,586			1,041,696
Average securities		141,603			116,360			32,542			16,915			20,735
Average stock in FHLB & FRB		7,490			7,490			7,490			7,490			7,490
Average other interest–earning assets		341,132			426,522			524,374			522,491			503,508
Total average interest–bearing liabilities		1,148,577			1,151,564			1,160,863			1,145,887			1,116,105
Average interest–bearing deposits		1,126,883			1,126,969			1,136,279			1,121,314			1,094,589
Average borrowings and Subordinated notes		21,694			24,595			24,584			24,573			21,516
Average stockholders’ equity		154,634			156,492			157,961			162,361			170,509

SELECTED YIELDS AND COST OF FUNDS ⁽¹⁾
Total average interest–earning assets		3.26	%		2.89	%		2.98	%		2.93	%		2.93	%
Average loans		4.28			4.17			4.44			4.32			4.31
Average securities		1.22			1.04			0.98			1.08			1.01
Average other interest–earning assets		0.80			0.21			0.17			0.17			0.13
Total average interest–bearing liabilities		0.26			0.23			0.23			0.25			0.26
Average interest–bearing deposits		0.20			0.16			0.17			0.18			0.20
Average cost of total deposits		0.15			0.12			0.13			0.14			0.16
Average cost of retail and commercial deposits		0.20			0.15			0.16			0.18			0.19
Average cost of wholesale deposits, borrowings and Subordinated notes		3.62			3.16			3.10			3.08			3.02
Average cost of funds		0.21			0.18			0.18			0.19			0.20
Net interest rate spread		3.00			2.66			2.75			2.68			2.67
Net interest margin		3.07			2.73			2.81			2.75			2.75

⁽¹⁾	Annualized

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2022						2021
	IIQ			IQ			IVQ			IIIQ			IIQ
CAPITAL RATIOS
BankFinancial Corporation ⁽¹⁾
Equity to total assets (end of period)		9.37	%		9.27	%		9.26	%		9.53	%		10.05	%
Tangible equity to tangible total assets (end of period)		9.37			9.27			9.26			9.53			10.05
Risk–based total capital ratio		18.49			19.82			19.47			19.22			21.16
Common Tier 1 (CET1)		15.78			16.94			16.66			16.44			18.19
Risk–based tier 1 capital ratio		15.78			16.94			16.66			16.44			18.19
Tier 1 leverage ratio		9.48			9.32			9.32			9.45			10.05
Tier 1 capital	$	156,085		$	155,164		$	155,818		$	156,632		$	164,862
BankFinancial, NA ⁽²⁾
Risk–based total capital ratio		17.68	%		19.01	%		18.43	%		18.11	%		18.92	%
Common Tier 1 (CET1)		16.95			18.27			17.71			17.39			18.17
Risk–based tier 1 capital ratio		16.95			18.27			17.71			17.39			18.17
Tier 1 leverage ratio		10.18			10.05			9.91			10.00			10.03
Tier 1 capital	$	167,723		$	167,268		$	165,599		$	165,537		$	164,471

COMMON STOCK AND DIVIDENDS
Stock Prices:
Close	$	9.39		$	10.36		$	10.67		$	11.48		$	11.44
High		10.78			11.27			11.81			12.79			11.96
Low		9.30			10.30			10.33			10.62			10.04
Common shares outstanding		13,153,485			13,178,485			13,228,485			13,374,133			14,118,720
Book value per share	$	11.72		$	11.68		$	11.90		$	11.83		$	11.79
Tangible book value per share	$	11.72		$	11.68		$	11.90		$	11.83		$	11.79
Cash dividends declared on common stock	$	0.10		$	0.10		$	0.10		$	0.10		$	0.10
Dividend payout ratio		51.24	%		104.33	%		55.88	%		83.58	%		75.10	%
Stock repurchases	$	254		$	539		$	1,673		$	8,503		$	5,457
Stock repurchases – shares		25,000			50,000			145,648			744,587			504,939

EARNINGS PER SHARE COMPUTATIONS
Net income	$	2,567		$	1,268		$	2,371		$	1,644		$	1,926
Weighted average basic and dilutive common shares outstanding		13,165,023			13,204,041			13,264,374			13,722,333			14,433,748
Basic and diluted earnings per common share	$	0.19		$	0.10		$	0.18		$	0.12		$	0.13

⁽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 9.00%. The Community Bank Leverage Ratio is equal to the Bank's Tier 1 Leverage Ratio. Other BankFinancial, NA capital data is included for informational purposes only.

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