SEC Filing | BankFinancial Corporation

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bfin20220801b_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): October 28, 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 third quarter and nine months ended September 30, 2022 in a conference call and webcast for stockholders and analysts on Monday, October 31, 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/BI61c16ffba73d41f5b2e44ffc6786d6ad

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 October 28, 2022, the Company issued a press release announcing the filing of its Quarterly Report on Form 10-Q for the third quarter ended September 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 October 28, 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:	October 28, 2022	By:	/s/ F. Morgan Gasior
			F. Morgan Gasior
			Chairman of the Board, Chief Executive Officer and President

ex_404566.htm

Exhibit 99.1

https://cdn.kscope.io/22287046891bb99c6c61555d20a89956-bfinlogo.jpg

FOR IMMEDIATE RELEASE

BankFinancial Corporation Reports Financial Results for the Third Quarter 2022 and

Will Host Conference Call and Webcast on Monday, October 31, 2022

Burr Ridge, Illinois - (October 28, 2022) BankFinancial Corporation (Nasdaq – BFIN) (the “BankFinancial”) filed its Quarterly Report on Form 10-Q for the quarter ended September 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 September 30, 2022 of $3.2 million, or $0.25 per common share, compared to net income of $1.6 million, or $0.12 per common share, for the three months ended September 30, 2021. BankFinancial also reported net income for the nine months ended September 30, 2022 of $7.1 million, or $0.54 per common share, compared to net income of $5.0 million, or $0.35 per common share, for the nine months ended September 30, 2021. At September 30, 2022, BankFinancial had total assets of $1.629 billion, total loans of $1.142 billion, total deposits of $1.425 billion and stockholders' equity of $151 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 third quarter 2022 results in a conference call and webcast for stockholders and analysts on Monday, October 31, 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/BI61c16ffba73d41f5b2e44ffc6786d6ad

For those persons unable to participate in the conference call, the webcast will be archived through Monday, November 14, 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_404567.htm

Exhibit 99.2

BANKFINANCIAL CORPORATION

Third 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
	IIIQ			IIQ			IQ			IVQ			IIIQ
PERFORMANCE MEASUREMENTS
Return on assets (ratio of net income to average total assets) ⁽¹⁾		0.79	%		0.62	%		0.30	%		0.57	%		0.40	%
Return on equity (ratio of net income to average equity) ⁽¹⁾		8.31			6.64			3.24			6.00			4.05
Net interest rate spread ⁽¹⁾		3.42			3.00			2.66			2.75			2.68
Net interest margin ⁽¹⁾		3.52			3.07			2.73			2.81			2.75
Efficiency ratio ⁽²⁾		69.70			73.01			84.20			79.50			81.96
Noninterest expense to average total assets ⁽¹⁾		2.60			2.47			2.47			2.47			2.45
Average interest–earning assets to average interest–bearing liabilities		137.90			138.10			139.03			138.57			138.97
Number of full service offices		20			19			19			19			19
Employees (full time equivalents)		199			200			206			221			224

SUMMARY STATEMENT OF FINANCIAL CONDITION
ASSETS
Cash and due from other financial institutions	$	11,753		$	10,655		$	9,722		$	9,095		$	11,432
Interest-bearing deposits in other financial institutions		204,378			259,816			391,280			493,067			517,183
Securities, at fair value		199,339			158,951			132,634			85,694			14,693
Loans receivable, net		1,141,799			1,142,743			1,055,069			1,044,207			1,047,056
Foreclosed assets, net		524			842			968			725			1,049
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		24,949			25,103			24,939			25,043			24,772
Bank-owned life insurance		18,879			18,893			19,157			19,129			19,097
Deferred taxes		5,156			4,261			3,750			2,762			2,348
Other assets		14,957			16,132			15,143			13,470			15,022
Total assets	$	1,629,224		$	1,644,886		$	1,660,152		$	1,700,682		$	1,660,142

LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits	$	1,425,258		$	1,444,750		$	1,461,605		$	1,488,431		$	1,454,389
Borrowings		—			—			5,000			5,000			5,000
Subordinated notes, net of unamortized issuance costs		19,623			19,612			19,601			19,590			19,578
Other liabilities		33,273			26,394			20,051			30,195			23,002
Total liabilities		1,478,154			1,490,756			1,506,257			1,543,216			1,501,969
Stockholders’ equity		151,070			154,130			153,895			157,466			158,173
Total liabilities and stockholders’ equity	$	1,629,224		$	1,644,886		$	1,660,152		$	1,700,682		$	1,660,142

⁽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
	IIIQ			IIQ		IQ		IVQ			IIIQ
SUMMARY STATEMENT OF OPERATIONS
Total interest income	$	14,930		$	12,884	$	11,418	$	12,073		$	11,748
Total interest expense		1,008			754		643		686			718
Net interest income		13,922			12,130		10,775		11,387			11,030
Provision for (recovery of) loan losses		350			459		276		(221	)		(6	)
Net interest income after provision for (recovery of) loan losses		13,572			11,671		10,499		11,608			11,036
Noninterest income		1,287			1,839		1,444		1,631			1,374
Noninterest expense		10,601			10,199		10,289		10,349			10,166
Income before income tax		4,258			3,311		1,654		2,890			2,244
Income tax expense ⁽¹⁾		1,037			744		386		519			600
Net income	$	3,221		$	2,567	$	1,268	$	2,371		$	1,644
Basic and diluted earnings per common share	$	0.25		$	0.19	$	0.10	$	0.18		$	0.12

NONINTEREST INCOME AND EXPENSE
Noninterest Income
Deposit service charges and fees	$	829		$	826	$	781	$	832		$	814
Loan servicing fees		59			190		101		395			140
Mortgage brokerage and banking fees		12			9		8		2			16
Trust insurance commissions and annuities income		287			262		338		256			263
(Loss) earnings on bank-owned life insurance		(14	)		11		28		32			31
Bank-owned life insurance death benefit		—			446		—		—			—
Other		114			95		188		114			110
Total noninterest income	$	1,287		$	1,839	$	1,444	$	1,631		$	1,374

Noninterest Expense
Compensation and benefits	$	5,241		$	5,489	$	5,480	$	5,827		$	5,782
Office occupancy and equipment		1,970			1,933		2,134		1,711			1,824
Advertising and public relations		138			208		142		195			157
Information technology		894			895		851		871			779
Professional fees		245			412		373		312			311
Supplies, telephone, and postage		342			362		347		391			382
FDIC insurance premiums		134			106		116		133			125
Other		1,637			794		846		909			806
Total noninterest expense	$	10,601		$	10,199	$	10,289	$	10,349		$	10,166

⁽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
	IIIQ			IIQ			IQ			IVQ			IIIQ
LOANS
One–to–four family residential real estate	$	24,484		$	26,247		$	28,221		$	30,133		$	31,829
Multi–family mortgage		481,838			485,742			435,522			426,136			435,634
Nonresidential real estate		115,820			115,983			99,817			103,172			100,469
Construction and land		160			84			—			—			499
Commercial loans and leases		523,669			519,662			496,245			489,512			483,705
Consumer		2,363			1,574			1,572			1,685			1,760
		1,148,334			1,149,292			1,061,377			1,050,638			1,053,896
Net deferred loan origination fees and costs		851			653			478			284			55
Allowance for loan losses		(7,386	)		(7,202	)		(6,786	)		(6,715	)		(6,895	)
Loans, net	$	1,141,799		$	1,142,743		$	1,055,069		$	1,044,207		$	1,047,056

LOAN ORIGINATIONS ⁽¹⁾
One–to–four family residential real estate	$	592		$	268		$	348		$	494		$	332
Multi–family mortgage		44,614			75,595			35,661			38,265			33,296
Nonresidential real estate		8,947			21,254			5,837			6,522			2,988
Construction and land		76			84			—			—			—
Commercial loans		168,438			183,464			184,290			195,228			125,404
Equipment finance		53,982			90,267			30,821			84,072			51,890
Consumer		544			563			496			572			584
	$	277,193		$	371,495		$	257,453		$	325,153		$	214,494
Weighted average interest rate		6.26	%		4.87	%		4.56	%		4.07	%		4.33	%

LOAN PAYMENTS and PAYOFFS ⁽²⁾
One–to–four family residential real estate	$	2,296		$	2,233		$	2,324		$	2,266		$	3,364
Multi–family mortgage		48,158			26,156			25,598			47,882			32,362
Nonresidential real estate		9,460			5,018			8,823			3,760			2,613
Construction and land		—			—			—			499			—
Commercial loans		160,502			197,912			170,543			202,524			111,666
Equipment finance		56,779			51,671			38,701			71,088			49,241
Consumer		525			557			587			656			610
	$	277,720		$	283,547		$	246,576		$	328,675		$	199,856
Weighted average interest rate		5.88	%		4.94	%		4.42	%		4.26	%		4.38	%

⁽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
	IIIQ			IIQ			IQ			IVQ			IIIQ
CREDIT QUALITY:
Nonperforming Assets:
Nonaccrual loans:
One–to–four family residential real estate	$	715		$	323		$	330		$	367		$	341
Nonresidential real estate		—			—			—			297			296
Equipment finance		525			610			101			76			9
		1,240			933			431			740			646

Loans past due over 90 days still accruing		415			753			1,531			10			—

Foreclosed assets, net
Other real estate owned - Nonresidential real estate		243			274			274			—			—
Other foreclosed assets		281			568			694			725			1,049
		524			842			968			725			1,049

Nonperforming assets	$	2,179		$	2,528		$	2,930		$	1,475		$	1,695

Asset Quality Ratios
Nonperforming assets to total assets		0.13	%		0.15	%		0.18	%		0.09	%		0.10	%
Nonperforming loans to total loans ⁽¹⁾		0.14			0.15			0.18			0.07			0.06
Nonperforming commercial-related loans to total commercial-related loans ⁽²⁾		0.08			0.12			0.16			0.04			0.03
Nonperforming residential and consumer loans to total residential and consumer loans		2.66			1.16			1.11			1.15			1.02
Allowance for loan losses to nonperforming loans		446.28			427.16			345.87			895.33			1,067.34

Concentrations of Credit
Commercial real estate for FFIEC concentration limits	$	575,526		$	579,455		$	514,434		$	508,298		$	514,777
% FFIEC total capital		329.27	%		331.26	%		295.56	%		294.98	%		298.54	%

Multi–family mortgage loans - 50% risk based capital qualified (included above)	$	103,745		$	121,717		$	153,558		$	67,548		$	73,776
% FFIEC total capital		59.35	%		69.58	%		88.22	%		39.20	%		42.79	%

⁽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
	IIIQ			IIQ			IQ			IVQ			IIIQ
SUBSTANDARD PERFORMING LOANS
One–to–four family residential real estate	$	163		$	424		$	433		$	476		$	509
Commercial loans and leases		50			56			63			—			1,191
Consumer		4			5			3			6			7
	$	217		$	485		$	499		$	482		$	1,707

ALLOWANCE FOR LOAN LOSSES
Beginning balance	$	7,202		$	6,786		$	6,715		$	6,895		$	6,857
Charge–offs:
One-to-four family residential real estate		(71	)		(1	)		(4	)		(3	)		—
Nonresidential real estate		—			—			(192	)		(7	)		—
Commercial loans and leases		(104	)		(51	)		—			(7	)		—
Consumer		(16	)		(15	)		(18	)		(12	)		(2	)
		(191	)		(67	)		(214	)		(29	)		(2	)
Recoveries:
One-to-four family residential real estate		2			3			2			64			38
Multi-family mortgage		6			4			5			5			7
Nonresidential real estate		2			2			—			—			—
Commercial loans and leases		15			—			1			1			1
Consumer		—			15			1			—			—
		25			24			9			70			46

Net (charge–offs) recoveries		(166	)		(43	)		(205	)		41			44
Provision for (recovery of) loan losses		350			459			276			(221	)		(6	)
Ending balance	$	7,386		$	7,202		$	6,786		$	6,715		$	6,895

Allowance for loan losses to total loans		0.64	%		0.63	%		0.64	%		0.64	%		0.65	%
Net (charge–offs) recoveries ratio ⁽¹⁾		(0.06	)		(0.02	)		(0.08	)		0.02			0.02

⁽¹⁾	Annualized

Page 5

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2022									2021
	IIIQ			IIQ			IQ			IVQ			IIIQ
DEPOSITS
Noninterest–bearing demand	$	307,116		$	311,408		$	339,504		$	342,185		$	328,182
Interest–bearing NOW accounts		409,135			400,405			384,665			404,326			392,273
Money market accounts		314,436			334,237			330,094			333,369			319,857
Savings deposits		206,048			205,590			207,201			201,633			196,810
Certificates of deposit - retail		188,278			192,616			198,911			203,468			213,320
Certificates of deposit - wholesale		245			494			1,230			3,450			3,947
	$	1,425,258		$	1,444,750		$	1,461,605		$	1,488,431		$	1,454,389

SELECTED AVERAGE BALANCES
Total average assets	$	1,632,775		$	1,648,736		$	1,666,086		$	1,673,813		$	1,657,862
Total average interest–earning assets		1,571,188			1,586,230			1,601,040			1,608,652			1,592,482
Average loans		1,147,154			1,096,005			1,050,668			1,044,246			1,045,586
Average securities		187,163			141,603			116,360			32,542			16,915
Average stock in FHLB & FRB		7,490			7,490			7,490			7,490			7,490
Average other interest–earning assets		229,381			341,132			426,522			524,374			522,491
Total average interest–bearing liabilities		1,139,368			1,148,577			1,151,564			1,160,863			1,145,887
Average interest–bearing deposits		1,119,751			1,126,883			1,126,969			1,136,279			1,121,314
Average borrowings and Subordinated notes		19,617			21,694			24,595			24,584			24,573
Average stockholders’ equity		155,000			154,634			156,492			157,961			162,361

SELECTED YIELDS AND COST OF FUNDS ⁽¹⁾
Total average interest–earning assets		3.77	%		3.26	%		2.89	%		2.98	%		2.93	%
Average loans		4.40			4.28			4.17			4.44			4.32
Average securities		1.74			1.22			1.04			0.98			1.08
Average other interest–earning assets		2.22			0.80			0.21			0.17			0.17
Total average interest–bearing liabilities		0.35			0.26			0.23			0.23			0.25
Average interest–bearing deposits		0.29			0.20			0.16			0.17			0.18
Average cost of total deposits		0.22			0.15			0.12			0.13			0.14
Average cost of retail and commercial deposits		0.29			0.20			0.15			0.16			0.18
Average cost of wholesale deposits, borrowings and Subordinated notes		3.96			3.62			3.16			3.10			3.08
Average cost of funds		0.27			0.21			0.18			0.18			0.19
Net interest rate spread		3.42			3.00			2.66			2.75			2.68
Net interest margin		3.52			3.07			2.73			2.81			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
	IIIQ			IIQ			IQ			IVQ			IIIQ
CAPITAL RATIOS
BankFinancial Corporation ⁽¹⁾
Equity to total assets (end of period)		9.27	%		9.37	%		9.27	%		9.26	%		9.53	%
Tangible equity to tangible total assets (end of period)		9.27			9.37			9.27			9.26			9.53
Risk–based total capital ratio		17.97			18.49			19.82			19.47			19.22
Common Tier 1 (CET1)		15.32			15.78			16.94			16.66			16.44
Risk–based tier 1 capital ratio		15.32			15.78			16.94			16.66			16.44
Tier 1 leverage ratio		9.55			9.48			9.32			9.32			9.45
Tier 1 capital	$	155,725		$	156,085		$	155,164		$	155,818		$	156,632
BankFinancial, NA ⁽²⁾
Risk–based total capital ratio		17.19	%		17.68	%		19.01	%		18.43	%		18.11	%
Common Tier 1 (CET1)		16.47			16.95			18.27			17.71			17.39
Risk–based tier 1 capital ratio		16.47			16.95			18.27			17.71			17.39
Tier 1 leverage ratio		10.26			10.18			10.05			9.91			10.00
Tier 1 capital	$	167,403		$	167,723		$	167,268		$	165,599		$	165,537

COMMON STOCK AND DIVIDENDS
Stock Prices:
Close	$	9.46		$	9.39		$	10.36		$	10.67		$	11.48
High		10.27			10.78			11.27			11.81			12.79
Low		9.18			9.30			10.30			10.33			10.62
Common shares outstanding		12,922,174			13,153,485			13,178,485			13,228,485			13,374,133
Book value per share	$	11.69		$	11.72		$	11.68		$	11.90		$	11.83
Tangible book value per share	$	11.69		$	11.72		$	11.68		$	11.90		$	11.83
Cash dividends declared on common stock	$	0.10		$	0.10		$	0.10		$	0.10		$	0.10
Dividend payout ratio		40.53	%		51.24	%		104.33	%		55.88	%		83.58	%
Stock repurchases	$	2,313		$	254		$	539		$	1,673		$	8,503
Stock repurchases – shares		231,311			25,000			50,000			145,648			744,587

EARNINGS PER SHARE COMPUTATIONS
Net income	$	3,221		$	2,567		$	1,268		$	2,371		$	1,644
Weighted average basic and dilutive common shares outstanding		13,060,266			13,165,023			13,204,041			13,264,374			13,722,333
Basic and diluted earnings per common share	$	0.25		$	0.19		$	0.10		$	0.18		$	0.12

⁽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⁾	The Bank's current 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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