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bfin20230804_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 30, 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 third quarter and nine months ended September 30, 2023 in a conference call and webcast for stockholders and analysts on Wednesday, November 1, 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/BIa678624dd6c64781b4f4d0fa372f043f

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

ex_554938.htm

Exhibit 99.1

https://cdn.kscope.io/fd5a6867619e9b08aab2a793f6490198-bfinlogo.jpg

FOR IMMEDIATE RELEASE

BankFinancial Corporation Reports Financial Results for the Third Quarter 2023 and

Will Host Conference Call and Webcast on Wednesday, November 1, 2023

Burr Ridge, Illinois - (October 30, 2023) BankFinancial Corporation (Nasdaq – BFIN) (the “BankFinancial”) filed its Quarterly Report on Form 10-Q for the quarter ended September 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 September 30, 2023 of $2.4 million, or $0.19 per common share, compared to net income of $3.2 million, or $0.25 per common share, for the three months ended September 30, 2022. At September 30, 2023, BankFinancial had total assets of $1.505 billion, total loans of $1.106 billion, total deposits of $1.276 billion and stockholders' equity of $154 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 2023 results in a conference call and webcast for stockholders and analysts on Wednesday, November 1, 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/BIa678624dd6c64781b4f4d0fa372f043f

For those persons unable to participate in the conference call, the webcast will be archived through Wednesday, November 15, 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_554939.htm

Exhibit 99.2

BANKFINANCIAL CORPORATION

Third 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
	IIIQ			IIQ			IQ			IVQ			IIIQ
PERFORMANCE MEASUREMENTS
Return on assets (ratio of net income to average total assets) ⁽¹⁾		0.63	%		0.61	%		0.68	%		0.86	%		0.79	%
Return on equity (ratio of net income to average equity) ⁽¹⁾		6.16			6.02			6.96			9.01			8.31
Net interest rate spread ⁽¹⁾		3.16			3.23			3.41			3.39			3.42
Net interest margin ⁽¹⁾		3.56			3.56			3.66			3.59			3.52
Efficiency ratio ⁽²⁾		76.02			79.11			74.51			65.12			69.70
Noninterest expense to average total assets ⁽¹⁾		2.86			2.94			2.65			2.50			2.60
Average interest–earning assets to average interest–bearing liabilities		136.78			136.86			135.85			137.62			137.90
Number of full service offices		18			18			18			20			20
Employees (full time equivalents)		200			198			202			203			199

SUMMARY STATEMENT OF FINANCIAL CONDITION
ASSETS
Cash and due from other financial institutions	$	19,691		$	20,401		$	19,963		$	12,046		$	11,753
Interest-bearing deposits in other financial institutions		151,870			94,930			57,042			54,725			204,378
Securities, at fair value		158,425			169,647			170,239			210,338			199,339
Loans receivable, net		1,105,604			1,170,767			1,225,288			1,226,743			1,141,799
Foreclosed assets, net		902			950			1,393			476			524
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			540			1,246			—			—
Premises and equipment, net		22,914			22,957			22,955			24,956			24,949
Bank-owned life insurance		18,556			18,644			18,731			18,815			18,879
Deferred taxes		4,979			5,476			5,395			5,480			5,428
Other assets		14,483			14,894			14,368			14,373			14,957
Total assets	$	1,505,454		$	1,526,696		$	1,544,110		$	1,575,442		$	1,629,496

LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits	$	1,275,828		$	1,303,720		$	1,315,214		$	1,374,934		$	1,425,258
Borrowings		25,000			25,000			35,000			—			—
Subordinated notes, net of unamortized issuance costs		19,667			19,656			19,645			19,634			19,623
Other liabilities		31,204			26,017			21,892			29,203			33,545
Total liabilities		1,351,699			1,374,393			1,391,751			1,423,771			1,478,426
Stockholders’ equity		153,755			152,303			152,359			151,671			151,070
Total liabilities and stockholders’ equity	$	1,505,454		$	1,526,696		$	1,544,110		$	1,575,442		$	1,629,496

⁽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
	IIIQ			IIQ			IQ			IVQ			IIIQ
SUMMARY STATEMENT OF OPERATIONS
Total interest income	$	16,894		$	16,178		$	16,160		$	16,064		$	14,930
Total interest expense		3,940			3,235			2,660			2,076			1,008
Net interest income		12,954			12,943			13,500			13,988			13,922
Provision for (recovery of) credit losses		136			(188	)		48			743			350
Net interest income after provision for (recovery of) credit losses		12,818			13,131			13,452			13,245			13,572
Noninterest income		1,240			1,239			313			1,406			1,287
Noninterest expense		10,790			11,220			10,292			10,039			10,601
Income before income tax		3,268			3,150			3,473			4,612			4,258
Income tax expense		899			838			840			1,174			1,037
Net income	$	2,369		$	2,312		$	2,633		$	3,438		$	3,221
Basic and diluted earnings per common share	$	0.19		$	0.18		$	0.21		$	0.27		$	0.25

NONINTEREST INCOME AND EXPENSE
Noninterest Income
Deposit service charges and fees	$	836		$	830		$	816		$	835		$	829
Loan servicing fees		98			141			129			240			59
Trust insurance commissions and annuities income		290			276			367			266			287
(Loss) earnings on bank-owned life insurance		(88	)		(87	)		(84	)		(64	)		(14	)
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		104			98			96			129			126
Total noninterest income	$	1,240		$	1,239		$	313		$	1,406		$	1,287

Noninterest Expense
Compensation and benefits	$	5,369		$	5,629		$	5,555		$	5,366		$	5,241
Office occupancy and equipment		2,046			2,031			2,038			1,944			1,970
Advertising and public relations		171			262			190			202			138
Information technology		944			965			849			926			894
Professional fees		366			355			317			262			245
Supplies, telephone, and postage		311			295			359			342			342
FDIC insurance premiums		222			282			154			111			134
Other		1,361			1,401			830			886			1,637
Total noninterest expense	$	10,790		$	11,220		$	10,292		$	10,039		$	10,601

Page 2

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2023									2022
	IIIQ			IIQ			IQ			IVQ			IIIQ
LOANS
One–to–four family residential real estate	$	19,233		$	20,448		$	21,475		$	23,133		$	24,523
Multi–family mortgage		528,251			542,165			544,673			537,394			482,462
Nonresidential real estate		117,641			120,505			123,360			119,705			115,770
Commercial loans and leases		447,687			495,520			544,216			553,056			524,067
Consumer		1,351			1,355			1,596			1,584			2,363
		1,114,163			1,179,993			1,235,320			1,234,872			1,149,185
Allowance for credit losses		(8,559	)		(9,226	)		(10,032	)		(8,129	)		(7,386	)
Loans, net	$	1,105,604		$	1,170,767		$	1,225,288		$	1,226,743		$	1,141,799

LOAN ORIGINATIONS⁽¹⁾
One–to–four family residential real estate	$	137		$	128		$	173		$	215		$	592
Multi–family mortgage		5,902			6,686			17,097			67,888			44,690
Nonresidential real estate		834			200			5,436			7,694			8,947
Commercial loans		172,081			157,704			181,227			179,421			168,438
Equipment finance		14,442			7,290			24,623			90,157			53,982
Consumer		514			539			565			544			544
	$	193,910		$	172,547		$	229,121		$	345,919		$	277,193
Weighted average interest rate		9.11	%		9.24	%		8.67	%		6.88	%		6.26	%

LOAN PAYMENTS and PAYOFFS⁽²⁾
One–to–four family residential real estate	$	1,409		$	1,139		$	1,826		$	1,525		$	2,296
Multi–family mortgage		19,784			9,095			10,151			13,465			48,158
Nonresidential real estate		3,253			2,934			1,967			3,708			9,460
Commercial loans		176,493			169,402			168,461			177,205			160,502
Equipment finance		56,844			43,567			45,250			64,144			56,779
Consumer		529			675			615			541			525
	$	258,312		$	226,812		$	228,270		$	260,588		$	277,720
Weighted average interest rate		7.86	%		8.35	%		8.20	%		6.97	%		5.88	%

⁽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 and September 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
	IIIQ			IIQ			IQ			IVQ			IIIQ
CREDIT QUALITY:
Nonperforming Assets:
Nonaccrual loans:
One–to–four family residential real estate	$	40		$	45		$	55		$	92		$	715
Multi–family mortgage		—			148			—			—			—
Commercial loans and leases		23,468			23,965			8,807			1,310			525
Consumer		—			—			—			5			—
		23,508			24,158			8,862			1,407			1,240

Loans past due over 90 days still accruing		6,245			—			—			238			415

Foreclosed assets, net
Other real estate owned		468			472			472			472			243
Other foreclosed assets		434			478			921			4			281
		902			950			1,393			476			524

Nonperforming assets	$	30,655		$	25,108		$	10,255		$	2,121		$	2,179

Asset Quality Ratios
Nonperforming assets to total assets		2.04	%		1.64	%		0.66	%		0.13	%		0.13	%
Nonperforming loans to total loans ⁽¹⁾		2.67			2.05			0.72			0.13			0.14
Nonperforming commercial-related loans to total commercial-related loans ⁽²⁾		2.72			2.08			0.73			0.13			0.08
Nonperforming residential and consumer loans to total residential and consumer loans		0.19			0.21			0.24			0.39			2.66
Allowance for credit losses to nonperforming loans		28.77			38.19			113.20			494.16			446.28

Concentrations of Credit
Commercial real estate for FFIEC concentration limits	$	624,469		$	641,022		$	645,768		$	634,482		$	575,526
% FFIEC total capital		363.55	%		372.44	%		374.63	%		365.95	%		329.27	%

Multi–family mortgage loans - 50% risk based capital qualified (included above)	$	248,128		$	175,902		$	122,213		$	101,052		$	103,745
% FFIEC total capital		144.45	%		102.20	%		70.90	%		58.28	%		59.35	%

⁽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
	IIIQ			IIQ			IQ			IVQ			IIIQ
SUBSTANDARD PERFORMING LOANS
One–to–four family residential real estate	$	282		$	272		$	280		$	327		$	163
Multi–family mortgage		—			—			148			—			—
Commercial loans and leases		5,685			3,759			3,846			4,041			50
Consumer		3			5			5			4			4
	$	5,970		$	4,036		$	4,279		$	4,372		$	217

ALLOWANCE FOR CREDIT LOSSES
Beginning balance	$	9,226		$	10,032		$	8,129		$	7,386		$	7,202
Impact of adopting ASC 326		—			—			1,907			—			—
Charge–offs:
One-to-four family residential real estate		—			—			—			—			(71	)
Commercial loans and leases		(889	)		(638	)		(79	)		(1	)		(104	)
Consumer		(14	)		(7	)		(22	)		(12	)		(16	)
		(903	)		(645	)		(101	)		(13	)		(191	)
Recoveries:
One-to-four family residential real estate		32			7			5			4			2
Multi-family mortgage		4			6			5			5			6
Nonresidential real estate		—			—			—			—			2
Commercial loans and leases		20			6			1			4			15
Consumer		—			—			1			—			—
		56			19			12			13			25

Net charge–offs		(847	)		(626	)		(89	)		—			(166	)
Provision for (recovery of) credit losses - loans		180			(180	)		85			743			350
Ending balance	$	8,559		$	9,226		$	10,032		$	8,129		$	7,386

Allowance for credit losses to total loans		0.77	%		0.78	%		0.81	%		0.66	%		0.64	%
Net charge–offs ratio⁽¹⁾		(0.30	)		(0.21	)		(0.03	)		—			(0.06	)

⁽¹⁾	Annualized

Page 5

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2023									2022
	IIIQ			IIQ			IQ			IVQ			IIIQ
DEPOSITS
Noninterest–bearing demand	$	258,318		$	278,170		$	287,493		$	280,625		$	307,116
Interest–bearing NOW accounts		326,874			349,374			360,441			400,416			409,135
Money market accounts		291,154			271,194			273,256			302,863			314,436
Savings deposits		178,318			190,277			200,659			204,506			206,048
Certificates of deposit - retail		220,915			214,456			193,116			186,524			188,278
Certificates of deposit - wholesale		249			249			249			—			245
	$	1,275,828		$	1,303,720		$	1,315,214		$	1,374,934		$	1,425,258

SELECTED AVERAGE BALANCES
Total average assets	$	1,511,422		$	1,526,246		$	1,553,445		$	1,605,375		$	1,632,775
Total average interest–earning assets		1,444,259			1,459,369			1,494,248			1,546,499			1,571,188
Average loans		1,141,788			1,206,175			1,225,636			1,158,474			1,147,154
Average securities		170,806			176,052			212,344			215,359			187,163
Average stock in FHLB & FRB		7,490			7,490			7,490			7,490			7,490
Average other interest–earning assets		124,175			69,652			48,778			165,176			229,381
Total average interest–bearing liabilities		1,055,874			1,066,332			1,099,950			1,123,780			1,139,368
Average interest–bearing deposits		1,011,212			1,021,023			1,066,321			1,104,152			1,119,751
Average borrowings and Subordinated notes		44,662			45,309			33,629			19,628			19,617
Average stockholders’ equity		153,796			153,703			151,417			152,672			155,000

SELECTED YIELDS AND COST OF FUNDS ⁽¹⁾
Total average interest–earning assets		4.64	%		4.45	%		4.39	%		4.12	%		3.77	%
Average loans		4.96			4.77			4.76			4.57			4.40
Average securities		1.88			1.92			2.13			2.04			1.74
Average other interest–earning assets		5.42			5.14			4.66			3.69			2.22
Total average interest–bearing liabilities		1.48			1.22			0.98			0.73			0.35
Average interest–bearing deposits		1.36			1.08			0.87			0.67			0.29
Average cost of total deposits		1.07			0.85			0.70			0.53			0.22
Average cost of retail and commercial deposits		1.36			1.08			0.87			0.67			0.29
Average cost of wholesale deposits, borrowings and Subordinated notes		4.18			4.21			4.34			4.01			3.96
Average cost of funds		1.18			0.96			0.79			0.58			0.27
Net interest rate spread		3.16			3.23			3.41			3.39			3.42
Net interest margin		3.56			3.56			3.66			3.59			3.52

⁽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
	IIIQ			IIQ			IQ			IVQ			IIIQ
CAPITAL RATIOS
BankFinancial Corporation ⁽¹⁾
Equity to total assets (end of period)		10.21	%		9.98	%		9.87	%		9.63	%		9.27	%
Tangible equity to tangible total assets (end of period)		10.21			9.98			9.87			9.63			9.27
Risk–based total capital ratio		19.13			17.75			16.98			17.00			17.97
Common Tier 1 (CET1)		16.30			15.05			14.34			14.43			15.32
Risk–based tier 1 capital ratio		16.30			15.05			14.34			14.43			15.32
Tier 1 leverage ratio		10.38			10.23			10.03			9.73			9.55
Tier 1 capital	$	156,780		$	156,050		$	155,789		$	156,086		$	155,725
BankFinancial, NA ⁽²⁾
Risk–based total capital ratio		17.90	%		16.64	%		15.88	%		16.04	%		17.19	%
Common Tier 1 (CET1)		17.10			15.83			15.04			15.28			16.47
Risk–based tier 1 capital ratio		17.10			15.83			15.04			15.28			16.47
Tier 1 leverage ratio		10.93			10.80			10.52			10.31			10.26
Tier 1 capital	$	164,172		$	163,806		$	163,249		$	165,252		$	167,403

COMMON STOCK AND DIVIDENDS
Stock Prices:
Close	$	8.62		$	8.18		$	8.75		$	10.53		$	9.46
High		9.11			8.94			10.59			10.60			10.27
Low		7.98			7.17			8.55			9.06			9.18
Common shares outstanding		12,547,390			12,600,478			12,693,993			12,742,597			12,922,174
Book value per share	$	12.25		$	12.09		$	12.00		$	11.90		$	11.69
Tangible book value per share	$	12.25		$	12.09		$	12.00		$	11.90		$	11.69
Cash dividends declared on common stock	$	0.10		$	0.10		$	0.10		$	0.10		$	0.10
Dividend payout ratio		53.16	%		54.88	%		48.36	%		37.45	%		40.53	%
Stock repurchases	$	471		$	744		$	502		$	1,760		$	2,313
Stock repurchases – shares		53,088			93,515			48,604			179,577			231,311

EARNINGS PER SHARE COMPUTATIONS
Net income	$	2,369		$	2,312		$	2,633		$	3,438		$	3,221
Weighted average basic and dilutive common shares outstanding		12,578,494			12,667,129			12,721,841			12,861,529			13,060,266
Basic and diluted earnings per common share	$	0.19		$	0.18		$	0.21		$	0.27		$	0.25

⁽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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