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bfin20230516_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 28, 2023

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, 2023 in a conference call and webcast for stockholders and analysts on Monday, July 31, 2023 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/BI27a5e93519fa4f31b4ca6c7c98cbc043

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 28, 2023, the Company issued a press release announcing the filing of its Quarterly Report on Form 10-Q for the second quarter ended June 30, 2023 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 28, 2023
	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 28, 2023	By:	/s/ F. Morgan Gasior
			F. Morgan Gasior
			Chairman of the Board, Chief Executive Officer and President

ex_522052.htm

Exhibit 99.1

https://cdn.kscope.io/9c978a534afa597b627838969415a61e-bfinlogo.jpg

FOR IMMEDIATE RELEASE

BankFinancial Corporation Reports Financial Results for the Second Quarter 2023 and

Will Host Conference Call and Webcast on Monday, July 31, 2023

Burr Ridge, Illinois - (July 28, 2023) BankFinancial Corporation (Nasdaq – BFIN) (the “BankFinancial”) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2023 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, 2023 of $2.3 million, or $0.18 per common share, compared to net income of $2.6 million, or $0.19 per common share, for the three months ended June 30, 2022. At June 30, 2023, BankFinancial had total assets of $1.527 billion, total loans of $1.171 billion, total deposits of $1.304 billion and stockholders' equity of $152 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 2023 results in a conference call and webcast for stockholders and analysts on Monday, July 31, 2023 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/BI27a5e93519fa4f31b4ca6c7c98cbc043

For those persons unable to participate in the conference call, the webcast will be archived through Monday, August 14, 2023 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_522053.htm

Exhibit 99.2

BANKFINANCIAL CORPORATION

Second QUARTER 2023

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)

	2023						2022
	IIQ			IQ			IVQ			IIIQ			IIQ
PERFORMANCE MEASUREMENTS
Return on assets (ratio of net income to average total assets) ⁽¹⁾		0.61	%		0.68	%		0.86	%		0.79	%		0.62	%
Return on equity (ratio of net income to average equity) ⁽¹⁾		6.02			6.96			9.01			8.31			6.64
Net interest rate spread ⁽¹⁾		3.23			3.41			3.39			3.42			3.00
Net interest margin ⁽¹⁾		3.56			3.66			3.59			3.52			3.07
Efficiency ratio ⁽²⁾		79.11			74.51			65.12			69.70			73.01
Noninterest expense to average total assets ⁽¹⁾		2.94			2.65			2.50			2.60			2.47
Average interest–earning assets to average interest–bearing liabilities		136.86			135.85			137.62			137.90			138.10
Number of full service offices		18			18			20			20			19
Employees (full time equivalents)		198			202			203			199			200

SUMMARY STATEMENT OF FINANCIAL CONDITION
ASSETS
Cash and due from other financial institutions	$	20,401		$	19,963		$	12,046		$	11,753		$	10,655
Interest-bearing deposits in other financial institutions		94,930			57,042			54,725			204,378			259,816
Securities, at fair value		169,647			170,239			210,338			199,339			158,951
Loans receivable, net		1,170,767			1,225,288			1,226,743			1,141,799			1,142,743
Foreclosed assets, net		950			1,393			476			524			842
Stock in Federal Home Loan Bank and Federal Reserve Bank, at cost		7,490			7,490			7,490			7,490			7,490
Premises held-for-sale		540			1,246			—			—			—
Premises and equipment, net		22,957			22,955			24,956			24,949			25,103
Bank-owned life insurance		18,644			18,731			18,815			18,879			18,893
Deferred taxes		5,476			5,395			5,480			5,428			4,517
Other assets		14,894			14,368			14,373			14,957			16,132
Total assets	$	1,526,696		$	1,544,110		$	1,575,442		$	1,629,496		$	1,645,142

LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits	$	1,303,720		$	1,315,214		$	1,374,934		$	1,425,258		$	1,444,750
Borrowings		25,000			35,000			—			—			—
Subordinated notes, net of unamortized issuance costs		19,656			19,645			19,634			19,623			19,612
Other liabilities		26,017			21,892			29,203			33,545			26,650
Total liabilities		1,374,393			1,391,751			1,423,771			1,478,426			1,491,012
Stockholders’ equity		152,303			152,359			151,671			151,070			154,130
Total liabilities and stockholders’ equity	$	1,526,696		$	1,544,110		$	1,575,442		$	1,629,496		$	1,645,142

⁽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)

	2023						2022
	IIQ			IQ			IVQ			IIIQ			IIQ
SUMMARY STATEMENT OF OPERATIONS
Total interest income	$	16,178		$	16,160		$	16,064		$	14,930		$	12,884
Total interest expense		3,235			2,660			2,076			1,008			754
Net interest income		12,943			13,500			13,988			13,922			12,130
(Recovery of) provision for credit losses		(188	)		48			743			350			459
Net interest income after (recovery of) provision for credit losses		13,131			13,452			13,245			13,572			11,671
Noninterest income		1,239			313			1,406			1,287			1,839
Noninterest expense		11,220			10,292			10,039			10,601			10,199
Income before income tax		3,150			3,473			4,612			4,258			3,311
Income tax expense		838			840			1,174			1,037			744
Net income	$	2,312		$	2,633		$	3,438		$	3,221		$	2,567
Basic and diluted earnings per common share	$	0.18		$	0.21		$	0.27		$	0.25		$	0.19

NONINTEREST INCOME AND EXPENSE
Noninterest Income
Deposit service charges and fees	$	830		$	816		$	835		$	829		$	826
Loan servicing fees		141			129			240			59			190
Trust insurance commissions and annuities income		276			367			266			287			262
(Loss) earnings on bank-owned life insurance		(87	)		(84	)		(64	)		(14	)		11
Bank-owned life insurance death benefit		—			—			—			—			446
Losses on sales of securities		—			(454	)		—			—			—
Gain (loss) on sale of premises and equipment		13			(4	)		—			—			—
Valuation adjustment on bank premises held-for-sale		(32	)		(553	)		—			—			—
Other		98			96			129			126			104
Total noninterest income	$	1,239		$	313		$	1,406		$	1,287		$	1,839

Noninterest Expense
Compensation and benefits	$	5,629		$	5,555		$	5,366		$	5,241		$	5,489
Office occupancy and equipment		2,031			2,038			1,944			1,970			1,933
Advertising and public relations		269			190			202			138			208
Information technology		965			849			926			894			895
Professional fees		348			317			262			245			412
Supplies, telephone, and postage		295			359			342			342			362
FDIC insurance premiums		282			154			111			134			106
Other		1,401			830			886			1,637			794
Total noninterest expense	$	11,220		$	10,292		$	10,039		$	10,601		$	10,199

Page 2

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2023						2022
	IIQ			IQ			IVQ			IIIQ			IIQ
LOANS ⁽¹⁾
One–to–four family residential real estate	$	20,448		$	21,475		$	23,133		$	24,523		$	26,290
Multi–family mortgage ⁽²⁾		542,165			544,673			537,394			482,462			486,208
Nonresidential real estate		120,505			123,360			119,705			115,770			115,910
Commercial loans and leases		495,520			544,216			553,056			524,067			519,963
Consumer		1,355			1,596			1,584			2,363			1,574
		1,179,993			1,235,320			1,234,872			1,149,185			1,149,945
Allowance for credit losses		(9,226	)		(10,032	)		(8,129	)		(7,386	)		(7,202	)
Loans, net	$	1,170,767		$	1,225,288		$	1,226,743		$	1,141,799		$	1,142,743

LOAN ORIGINATIONS ⁽³⁾
One–to–four family residential real estate	$	128		$	173		$	215		$	592		$	268
Multi–family mortgage		6,686			17,097			67,888			44,690			75,679
Nonresidential real estate		200			5,436			7,694			8,947			21,254
Commercial loans		157,704			181,227			179,421			168,438			183,464
Equipment finance		7,290			24,623			90,157			53,982			90,267
Consumer		539			565			544			544			563
	$	172,547		$	229,121		$	345,919		$	277,193		$	371,495
Weighted average interest rate		9.24	%		8.67	%		6.88	%		6.26	%		4.87	%

LOAN PAYMENTS and PAYOFFS ⁽⁴⁾
One–to–four family residential real estate	$	1,139		$	1,826		$	1,525		$	2,296		$	2,233
Multi–family mortgage		9,095			10,151			13,465			48,158			26,156
Nonresidential real estate		2,934			1,967			3,708			9,460			5,018
Commercial loans		169,402			168,461			177,205			160,502			197,912
Equipment finance		43,567			45,250			64,144			56,779			51,671
Consumer		675			615			541			525			557
	$	226,812		$	228,270		$	260,588		$	277,720		$	283,547
Weighted average interest rate		8.35	%		8.20	%		6.97	%		5.88	%		4.94	%

⁽¹⁾	Net deferred loan origination costs are included in loans receivable by class.
⁽²⁾	Multi–family mortgage includes a single construction loan at March 31, 2023, December 31, 2022, September 30, 2022 and June 30, 2022.
⁽³⁾	Loan originations include purchased loans, draws on revolving lines of credit and exclude loan renewals.

⁽⁴⁾	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)

	2023						2022
	IIQ			IQ			IVQ			IIIQ			IIQ
CREDIT QUALITY:
Nonperforming Assets:
Nonaccrual loans:
One–to–four family residential real estate	$	45		$	55		$	92		$	715		$	323
Multi–family mortgage		148			—			—			—			—
Commercial loans and leases		23,965			8,807			1,310			525			610
Consumer		—			—			5			—			—
		24,158			8,862			1,407			1,240			933

Loans past due over 90 days still accruing		—			—			238			415			753

Foreclosed assets, net
Other real estate owned		472			472			472			243			274
Other foreclosed assets		478			921			4			281			568
		950			1,393			476			524			842

Nonperforming assets	$	25,108		$	10,255		$	2,121		$	2,179		$	2,528

Asset Quality Ratios
Nonperforming assets to total assets		1.64	%		0.66	%		0.13	%		0.13	%		0.15	%
Nonperforming loans to total loans ⁽¹⁾		2.05			0.72			0.13			0.14			0.15
Nonperforming commercial-related loans to total commercial-related loans ⁽²⁾		2.08			0.73			0.13			0.08			0.12
Nonperforming residential and consumer loans to total residential and consumer loans		0.21			0.24			0.39			2.66			1.16
Allowance for credit losses to nonperforming loans		38.19			113.20			494.16			446.28			427.16

Concentrations of Credit
Commercial real estate for FFIEC concentration limits	$	641,022		$	645,768		$	634,482		$	575,526		$	579,455
% FFIEC total capital		372.44	%		374.63	%		365.95	%		329.27	%		331.26	%

Multi–family mortgage loans - 50% risk based capital qualified (included above)	$	175,902		$	122,213		$	101,052		$	103,745		$	121,717
% FFIEC total capital		102.20	%		70.90	%		58.28	%		59.35	%		69.58	%

⁽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, 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)

	2023						2022
	IIQ			IQ			IVQ			IIIQ			IIQ
SUBSTANDARD PERFORMING LOANS
One–to–four family residential real estate	$	272		$	280		$	327		$	163		$	424
Multi–family mortgage		—			148			—			—			—
Commercial loans and leases		3,759			3,846			4,041			50			56
Consumer		5			5			4			4			5
	$	4,036		$	4,279		$	4,372		$	217		$	485

ALLOWANCE FOR CREDIT LOSSES
Beginning balance	$	10,032		$	8,129		$	7,386		$	7,202		$	6,786
Impact of adopting ASC 326		—			1,907			—			—			—
Charge–offs:
One-to-four family residential real estate		—			—			—			(71	)		(1	)
Commercial loans and leases		(638	)		(79	)		(1	)		(104	)		(51	)
Consumer		(7	)		(22	)		(12	)		(16	)		(15	)
		(645	)		(101	)		(13	)		(191	)		(67	)
Recoveries:
One-to-four family residential real estate		7			5			4			2			3
Multi-family mortgage		6			5			5			6			4
Nonresidential real estate		—			—			—			2			2
Commercial loans and leases		6			1			4			15			—
Consumer		—			1			—			—			15
		19			12			13			25			24

Net charge–offs		(626	)		(89	)		—			(166	)		(43	)
Provision for credit losses - loans		(180	)		85			743			350			459
Ending balance	$	9,226		$	10,032		$	8,129		$	7,386		$	7,202

Allowance for credit losses to total loans		0.78	%		0.81	%		0.66	%		0.64	%		0.63	%
Net charge–offs ratio⁽¹⁾		(0.21	)		(0.03	)		—			(0.06	)		(0.02	)

⁽¹⁾	Annualized

Page 5

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2023						2022
	IIQ			IQ			IVQ			IIIQ			IIQ
DEPOSITS
Noninterest–bearing demand	$	278,170		$	287,493		$	280,625		$	307,116		$	311,408
Interest–bearing NOW accounts		349,374			360,441			400,416			409,135			400,405
Money market accounts		271,194			273,256			302,863			314,436			334,237
Savings deposits		190,277			200,659			204,506			206,048			205,590
Certificates of deposit - retail		214,456			193,116			186,524			188,278			192,616
Certificates of deposit - wholesale		249			249			—			245			494
	$	1,303,720		$	1,315,214		$	1,374,934		$	1,425,258		$	1,444,750

SELECTED AVERAGE BALANCES
Total average assets	$	1,526,246		$	1,553,445		$	1,605,375		$	1,632,775		$	1,648,736
Total average interest–earning assets		1,459,369			1,494,248			1,546,499			1,571,188			1,586,230
Average loans		1,206,175			1,225,636			1,158,474			1,147,154			1,096,005
Average securities		176,052			212,344			215,359			187,163			141,603
Average stock in FHLB & FRB		7,490			7,490			7,490			7,490			7,490
Average other interest–earning assets		69,652			48,778			165,176			229,381			341,132
Total average interest–bearing liabilities		1,066,332			1,099,950			1,123,780			1,139,368			1,148,577
Average interest–bearing deposits		1,021,023			1,066,321			1,104,152			1,119,751			1,126,883
Average borrowings and Subordinated notes		45,309			33,629			19,628			19,617			21,694
Average stockholders’ equity		153,703			151,417			152,672			155,000			154,634

SELECTED YIELDS AND COST OF FUNDS ⁽¹⁾
Total average interest–earning assets		4.45	%		4.39	%		4.12	%		3.77	%		3.26	%
Average loans		4.77			4.76			4.57			4.40			4.28
Average securities		1.92			2.13			2.04			1.74			1.22
Average other interest–earning assets		5.14			4.66			3.69			2.22			0.80
Total average interest–bearing liabilities		1.22			0.98			0.73			0.35			0.26
Average interest–bearing deposits		1.08			0.87			0.67			0.29			0.20
Average cost of total deposits		0.85			0.70			0.53			0.22			0.15
Average cost of retail and commercial deposits		1.08			0.87			0.67			0.29			0.20
Average cost of wholesale deposits, borrowings and Subordinated notes		4.21			4.34			4.01			3.96			3.62
Average cost of funds		0.96			0.79			0.58			0.27			0.21
Net interest rate spread		3.23			3.41			3.39			3.42			3.00
Net interest margin		3.56			3.66			3.59			3.52			3.07

⁽¹⁾	Annualized

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2023						2022
	IIQ			IQ			IVQ			IIIQ			IIQ
CAPITAL RATIOS
BankFinancial Corporation ⁽¹⁾
Equity to total assets (end of period)		9.98	%		9.87	%		9.63	%		9.27	%		9.37	%
Tangible equity to tangible total assets (end of period)		9.98			9.87			9.63			9.27			9.37
Risk–based total capital ratio		17.75			16.98			17.00			17.97			18.49
Common Tier 1 (CET1)		15.05			14.34			14.43			15.32			15.78
Risk–based tier 1 capital ratio		15.05			14.34			14.43			15.32			15.78
Tier 1 leverage ratio		10.23			10.03			9.73			9.55			9.48
Tier 1 capital	$	156,050		$	155,789		$	156,086		$	155,725		$	156,085
BankFinancial, NA ⁽²⁾
Risk–based total capital ratio		16.64	%		15.88	%		16.04	%		17.19	%		17.68	%
Common Tier 1 (CET1)		15.83			15.04			15.28			16.47			16.95
Risk–based tier 1 capital ratio		15.83			15.04			15.28			16.47			16.95
Tier 1 leverage ratio		10.80			10.52			10.31			10.26			10.18
Tier 1 capital	$	163,806		$	163,249		$	165,252		$	167,403		$	167,723

COMMON STOCK AND DIVIDENDS
Stock Prices:
Close	$	8.18		$	8.75		$	10.53		$	9.46		$	9.39
High		8.94			10.59			10.60			10.27			10.78
Low		7.17			8.55			9.06			9.18			9.30
Common shares outstanding		12,600,478			12,693,993			12,742,597			12,922,174			13,153,485
Book value per share	$	12.09		$	12.00		$	11.90		$	11.69		$	11.72
Tangible book value per share	$	12.09		$	12.00		$	11.90		$	11.69		$	11.72
Cash dividends declared on common stock	$	0.10		$	0.10		$	0.10		$	0.10		$	0.10
Dividend payout ratio		54.88	%		48.36	%		37.45	%		40.53	%		51.24	%
Stock repurchases	$	744		$	502		$	1,760		$	2,313		$	254
Stock repurchases – shares		93,515			48,604			179,577			231,311			25,000

EARNINGS PER SHARE COMPUTATIONS
Net income	$	2,312		$	2,633		$	3,438		$	3,221		$	2,567
Weighted average basic and dilutive common shares outstanding		12,667,129			12,721,841			12,861,529			13,060,266			13,165,023
Basic and diluted earnings per common share	$	0.18		$	0.21		$	0.27		$	0.25		$	0.19

⁽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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