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| Contact: | Lyn                  G. Rupich |
|----------|--------------------------------|

|   | President |
|--------|-----------|

|   | 708-687-7400 |
|--------|--------------|

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| AJS                  Bancorp,                  Inc.                                                                                           |   |                                                                          |      |   |                                                  |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|-----------|--------|-------------------------------------------------------|--------|
| Financial                  Highlights                                                                                                         |   |                                                                          |      |   |                                                  |   |
| (unaudited)                                                                                                                                   |   | December                  31,                  2007                           |      |   | December                  31,                  2006   |   |
|                                                                                                                                          |   | (In                  thousands)                                               |      |   |                                                  |   |
| Selected                  Financial Highlights:                                                                                               |   |                                                                          |      |   |                                                  |   |
| Total                  assets                                                                                                                 |   | $                                                                             | 248,359   |   |                                                  | $      | 266,513 |   |
| Loans                  receivable,                  net                                                                                       |   |                                                                          | 132,966   |   |                                                  |   | 138,377 |   |
| Securities                                                                                                                                    |   |                                                                          | 81,459    |   |                                                  |   | 68,978 |   |
| Deposits                                                                                                                                      |   |                                                                          | 190,534   |   |                                                  |   | 202,176 |   |
| Federal                  Home Loan Bank                  advances                                                                             |   |                                                                          | 23,350    |   |                                                  |   | 28,750 |   |
| Stockholders'                  equity                                                                                                         |   |                                                                          | 27,938    |   |                                                  |   | 28,749 |   |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
| Book                  value per share (1)                                                                                                     |   |                                                                          | 13.72     |   |                                                  |   | 13.47 |   |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
| Number                  of shares outstanding                  (2)                                                                            |   |                                                                          | 2,036,872 |   |                                                  |   | 2,134,304 |   |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
|                                                                                                                                          |   | Three                  months                  ended                          |      |   | Three                  months                  ended  |   |
|                                                                                                                                          |   | December                  31,                  2007                           |      |   | December                  31,                  2006   |   |
|                                                                                                                                          |   | (In                  thousands except per share                  information) |      |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
| Selected                  Operations Data:                                                                                                    |   |                                                                          |      |   |                                                  |   |   |   |
| Total                  interest                  income                                                                                       |   | $                                                                             | 3,314     |   |                                                  | $      | 3,565 |   |
| Total                  interest                  expense                                                                                      |   |                                                                          | 1,858     |   |                                                  |   | 1,959 |   |
| Net                  interest                  income                                                                                         |   |                                                                          | 1,456     |   |                                                  |   | 1,606 |   |
| Provision                  for loan                  losses                                                                                   |   |                                                                          | 250       |   |                                                  |   | 0 |   |
| Net                  interest income after                  provision                                                                         |   |                                                                          |      |   |                                                  |
| for                  loan                  losses                                                                                             |   |                                                                          | 1,206     |   |                                                  |   | 1,606 |   |
| Noninterest                  income                                                                                                           |   |                                                                          | 246       |   |                                                  |   | 223 |   |
| Noninterest                  expense                                                                                                          |   |                                                                          | 1,394     |   |                                                  |   | 1,568 |   |
| Income                  before                  taxes                                                                                         |   |                                                                          | 58        |   |                                                  |   | 261 |   |
| Income                  tax                  provision                                                                                        |   |                                                                          | 2         |   |                                                  |   | 92 |   |
| Net                  income                                                                                                                   |   |                                                                          | 56        |   |                                                  |   | 169 |   |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
| Basic                  earnings per                  share                                                                                    |   | $                                                                             | 0.03      |   |                                                  | $      | 0.08 |   |
| Diluted                  earnings per                  share                                                                                  |   | $                                                                             | 0.03      |   |                                                  | $      | 0.08 |   |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
|                                                                                                                                          |   | Three                  months                  ended                          |      |   | Three                  months                  ended  |   |
|                                                                                                                                          |   | December                  31,                  2007                           |      |   | December                  31,                  2006   |   |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
| Selected                  Operating Ratios:                                                                                                   |   |                                                                          |      |   |                                                  |   |   |   |
| Return                  on average                  assets                                                                                    |   |                                                                          | 0.09      | %      |                                                  |   | 0.26 | % |
| Return                  on average                  equity                                                                                    |   |                                                                          | 0.78      | %      |                                                  |   | 2.35 | % |
| Interest                  rate spread during the                  period                                                                      |   |                                                                          | 2.17      | %      |                                                  |   | 2.19 | % |
| Net                  interest                  margin                                                                                         |   |                                                                          | 2.46      | %      |                                                  |   | 2.53 | % |
| Average                  interest-earning assets to                  average interest-                                                        |   |
|    bearing                  liabilities                                                                                        |   |                                                                          | 109.38    | %      |                                                  |   | 111.08 | % |
| Efficiency                  ratio (3)                                                                                                         |   |                                                                          | 81.90     | %      |                                                  |   | 85.73 | % |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
|                                                                                                                                          |   | Twelve                  months                  ended                         |      |   | Twelve                  months                  ended |   |
|                                                                                                                                          |   | December                  31,                  2007                           |      |   | December                  31,                  2006   |   |
|                                                                                                                                          |   | (In                  thousands except per share                  information) |      |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
| Selected                  Operations Data:                                                                                                    |   |                                                                          |      |   |                                                  |   |   |   |
| Total                  interest                  income                                                                                       |   | $                                                                             | 13,890    |   |                                                  | $      | 13,589 |   |
| Total                  interest                  expense                                                                                      |   |                                                                          | 7,700     |   |                                                  |   | 7,017 |   |
| Net                  interest                  income                                                                                         |   |                                                                          | 6,190     |   |                                                  |   | 6,572 |   |
| Provision                  for loan                  losses                                                                                   |   |                                                                          | 179       |   |                                                  |   | (28 | ) |
| Net                  interest income after                  provision                                                                         |   |                                                                          |      |   |                                                  |
| for                  loan                  losses                                                                                             |   |                                                                          | 6,011     |   |                                                  |   | 6,600 |   |
| Noninterest                  income                                                                                                           |   |                                                                          | 858       |   |                                                  |   | 939 |   |
| Noninterest                  expense                                                                                                          |   |                                                                          | 5,791     |   |                                                  |   | 6,088 |   |
| Income                  before                  taxes                                                                                         |   |                                                                          | 1,078     |   |                                                  |   | 1,451 |   |
| Income                  tax                  provision                                                                                        |   |                                                                          | 367       |   |                                                  |   | 540 |   |
| Net                  income                                                                                                                   |   |                                                                          | 711       |   |                                                  |   | 911 |   |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
| Earnings                  per share,                  basic                                                                                   |   | $                                                                             | 0.34      |   |                                                  | $      | 0.43 |   |
| Earnings                  per share,                  diluted                                                                                 |   | $                                                                             | 0.34      |   |                                                  | $      | 0.43 |   |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
|                                                                                                                                          |   | Twelve                  months                  ended                         |      |   | Twelve                  months                  ended |   |
|                                                                                                                                          |   | December                  31,                  2007                           |      |   | December                  31,                  2006   |   |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
| Selected                  Operating Ratios:                                                                                                   |   |                                                                          |      |   |                                                  |   |   |   |
| Return                  on average                  assets                                                                                    |   |                                                                          | 0.27      | %      |                                                  |   | 0.36 | % |
| Return                  on average                  equity                                                                                    |   |                                                                          | 2.46      | %      |                                                  |   | 3.40 | % |
| Interest                  rate spread during the                  period                                                                      |   |                                                                          | 2.11      | %      |                                                  |   | 2.29 | % |
| Net                  interest                  margin                                                                                         |   |                                                                          | 2.48      | %      |                                                  |   | 2.62 | % |
| Average                  interest-earning assets to                  average interest-                                                        |   |
|    bearing                  liabilities                                                                                        |   |                                                                          | 112.24    | %      |                                                  |   | 111.96 | % |
| Efficiency                  ratio (3)                                                                                                         |   |                                                                          | 82.17     | %      |                                                  |   | 81.05 | % |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
|                                                                                                                                          |   | As                  of                                                        |      |   | As                  of                                |   |
|                                                                                                                                          |   | December                  31, 2007                                            |      |   | December                  31, 2006                    |   |
| Asset                  Quality Ratios:                                                                                                        |   |                                                                          |      |   |                                                  |   |   |   |
| Non-performing                  assets to total                  assets                                                                       |   |                                                                          | 0.38      | %      |                                                  |   | 0.20 | % |
| Allowance                  for loan losses to                  non-performing loans                                                           |   |                                                                          | 164.78    | %      |                                                  |   | 299.81 | % |
| Allowance                  for loan losses to loans                  receivable, gross                                                        |   |                                                                          | 1.15      | %      |                                                  |   | 1.16 | % |
|                                                                                                                                          |   |                                                                          |      |   |                                                  |   |   |   |
| (1)                  Shareholders'                  equity                  divided by number of shares outstanding.                          |   |
| (2)                  Total shares                  issued,                  less unearned ESOP shares, and treasury shares.                   |   |
| (3)Non-interest                  expense divided by                  the sum of net interest income and non-interest                  income. |   |

----

| AJS                  BANCORP,                  INC.                           |   |                                            |   |   |                                            |   |
|-------------------------------------------------------------------------------|--------|-------------------------------------------------|--------|--------|-------------------------------------------------|--------|
| CONSOLIDATED                  CONDENSED BALANCE                  SHEETS       |   |                                            |   |   |
| Dollars                  in                  thousands                        |   |                                            |   |   |                                            |   |
| For                  the Three months ended                  12/31/07         |   |                                            |   |   |                                            |   |
|                                                                          |   |                                            |   |   |                                            |   |
|                                                                          |   | For                  the                  Three |   |   | For                  the                  Three |   |
|                                                                          |   | Months                  ended                   |   |   | Months                  ended                   |   |
|                                                                          |   | 12/31/2007                                      |   |   | 12/31/2006                                      |   |
| INTEREST                  INCOME & DIVIDEND                  INCOME       |   |                                            |   |   |
| Loans,                  including                  fees                       |   | $                                               | 2,148  |   |                                            | $      | 2,283 |   |
| Securities                                                                    |   |                                            | 995    |   |                                            |   | 781 |   |
| Interest                  earning deposits &                  other       |   |                                            | 171    |   |                                            |   | 407 |   |
| Federal                  Funds                  Sold                          |   |                                            | 0      |   |                                            |   | 94 |   |
| TOTAL                  INTEREST                  INCOME                       |   |                                            | 3,314  |   |                                            |   | 3,565 |   |
|                                                                          |   |                                            |   |   |                                            |   |   |   |
| INTEREST                  EXPENSE ON                  DEPOSITS                |   |                                            |   |   |                                            |   |   |   |
| Deposits                                                                      |   |                                            | 1,587  |   |                                            |   | 1,645 |   |
| Federal                  Home Loan Bank &                  Other          |   |                                            | 271    |   |                                            |   | 314 |   |
| Total                  Interest                  Expense                      |   |                                            | 1,858  |   |                                            |   | 1,959 |   |
| NET                  INTEREST                  INCOME                         |   |                                            | 1,456  |   |                                            |   | 1,606 |   |
| Provision                  (recovery) for loan                  losses        |   |                                            | 250    |   |                                            |   | 0 |   |
| NET                  INTEREST INCOME                  AFTER                   |   |                                            |   |   |                                            |   |   |   |
|    PROVISION                  FOR                  LOAN LOSSES |   |                                            | 1,206  |   |                                            |   | 1,606 |   |
|                                                                          |   |                                            |   |   |                                            |   |   |   |
| NON-INTEREST                  INCOME                                          |   |                                            |   |   |                                            |   |   |   |
| Insurance                  commissions                                        |   |                                            | 39     |   |                                            |   | 38 |   |
| Service                  charges on                  accounts                 |   |                                            | 138    |   |                                            |   | 125 |   |
| Other                                                                         |   |                                            | 69     |   |                                            |   | 60 |   |
| TOTAL                  NON-INTEREST                  INCOME                   |   |                                            | 246    |   |                                            |   | 223 |   |
|                                                                          |   |                                            |   |   |                                            |   |   |   |
| NON-INTEREST                  EXPENSE                                         |   |                                            |   |   |                                            |   |   |   |
| Salaries                  and employee                  benefits              |   |                                            | 809    |   |                                            |   | 876 |   |
| Occupancy                                                                     |   |                                            | 157    |   |                                            |   | 208 |   |
| Advertising&                  promotion                                   |   |                                            | 78     |   |                                            |   | 116 |   |
| Data                  processing                                              |   |                                            | 87     |   |                                            |   | 92 |   |
| Other                                                                         |   |                                            | 263    |   |                                            |   | 276 |   |
| TOTAL                  NON-INTEREST                  EXPENSE                  |   |                                            | 1,394  |   |                                            |   | 1,568 |   |
|                                                                          |   |                                            |   |   |                                            |   |   |   |
| INCOME                  BEFORE INCOME                  TAXES                  |   |                                            | 58     |   |                                            |   | 261 |   |
| Income                  Tax                  Expense                          |   |                                            | 2      |   |                                            |   | 92 |   |
| NET                  INCOME                                                   |   | $                                               | 56     |   |                                            | $      | 169 |   |

----

| AJS                  BANCORP,                  INC.                               |   |      |    |   |      |   |
|-----------------------------------------------------------------------------------|--------|-----------|---------|--------|-----------|--------|
| CONSOLIDATED                  CONDENSED BALANCE                  SHEETS           |   |
| Dollars                  in thousands (except per                  share data)    |   |      |    |   |
| (Unaudited)                                                                       |   |      |    |   |      |   |
|                                                                              |   | 31-Dec-07 |    |   | 31-Dec-06 |   |
| ASSETS                                                                            |   |      |    |   |      |   |
|                                                                              |   |      |    |   |      |   |
| Cash                  and due from financial                  Institutions        |   | $         | 18,373  |   |      | $      | 36,617 |   |
| Federal                  funds                  sold                              |   |      | 0       |   |      |   | 7,231 |   |
| TOTAL                  CASH AND CASH                  EQUIVALENTS                 |   |      | 18,373  |   |      |   | 43,848 |   |
|                                                                              |   |      |    |   |      |   |   |   |
| Certificates                  of                  Deposit                         |   |      | 2,997   |   |      |   | 5,490 |   |
| Securities                                                                        |   |      | 81,459  |   |      |   | 68,978 |   |
| Loans                  receivable net of allowance                  for loan loss |   |      |    |   |      |
| of                  $1,539 at December 31, 2007,                  and $1,619      |   |      |    |   |      |
|     at                  December 31, 2006.                    |   |      | 132,966 |   |      |   | 138,377 |   |
| Federal                  Home Loan Bank                  Stock                    |   |      | 2,450   |   |      |   | 2,450 |   |
| Premises                  and                  equipment                          |   |      | 4,282   |   |      |   | 4,342 |   |
| Accrued                  interest receivable &                  other assets  |   |      | 5,832   |   |      |   | 3,028 |   |
| TOTAL                  ASSETS                                                     |   | $         | 248,359 |   |      | $      | 266,513 |   |
|                                                                              |   |      |    |   |      |   |   |   |
| LIABILITIES                  AND SHAREHOLDERS'                  EQUITY            |   |      |    |   |      |
| Deposits                                                                          |   |      | 190,534 |   |      |   | 202,176 |   |
| Federal                  Home Loan Bank                  advances                 |   |      | 23,350  |   |      |   | 28,750 |   |
| Advance                  payments by borrowers for                  taxes         |   |      |    |   |      |
|    and                  insurance                                  |   |      | 1,551   |   |      |   | 1,655 |   |
| Accrued                  expenses and other                  liabilities          |   |      | 4,986   |   |      |   | 5,183 |   |
|                                                                              |   |      |    |   |      |   |   |   |
| TOTAL                  LIABILITIES                                                |   |      | 220,421 |   |      |   | 237,764 |   |
| TOTAL                  EQUITY                                                     |   |      | 27,938  |   |      |   | 28,749 |   |
| TOTAL                  LIABILITIES AND                  SHAREHOLDERS'             |   |      |    |   |      |
|    EQUITY                                                          |   | $         | 248,359 |   |      | $      | 266,513 |   |
|                                                                              |   |      |    |   |      |   |   |   |
|                                                                              |   | 31-Dec-07 |    |   | 31-Dec-06 |   |
| INTEREST                  INCOME & DIVIDEND                  INCOME           |   |      |    |   |      |
| Loans,                  including                  fees                           |   | $         | 8,492   |   |      | $      | 9,250 |   |
| Securities                                                                        |   |      | 3,791   |   |      |   | 2,874 |   |
| Interest                  earning deposits &                  other           |   |      | 1,461   |   |      |   | 1,227 |   |
| Federal                  funds                  sold                              |   |      | 146     |   |      |   | 238 |   |
| TOTAL                  INTEREST                  INCOME                           |   |      | 13,890  |   |      |   | 13,589 |   |
|                                                                              |   |      |    |   |      |   |   |   |
| INTEREST                  EXPENSE ON                  DEPOSITS                    |   |      |    |   |      |
| Deposits                                                                          |   |      | 6,561   |   |      |   | 5,736 |   |
| Federal                  Home Loan Bank &                  Other              |   |      | 1,139   |   |      |   | 1,281 |   |
| Total                  Interest                  Expense                          |   |      | 7,700   |   |      |   | 7,017 |   |
| NET                  INTEREST                  INCOME                             |   |      | 6,190   |   |      |   | 6,572 |   |
| Provision                  for loan                  losses                       |   |      | 179     |   |      |   | (28 | ) |
| NET                  INTEREST INCOME AFTER                  PROVISION             |   |      |    |   |      |
|    FOR                  LOAN                  LOSSES               |   |      | 6,011   |   |      |   | 6,600 |   |
|                                                                              |   |      |    |   |      |   |   |   |
| NON-INTEREST                  INCOME                                              |   |      |    |   |      |   |   |   |
| Insurance                  commissions                                            |   |      | 143     |   |      |   | 188 |   |
| Service                  charges on                  accounts                     |   |      | 497     |   |      |   | 509 |   |
| Other                                                                             |   |      | 218     |   |      |   | 242 |   |
| TOTAL                  NON-INTEREST                  INCOME                       |   |      | 858     |   |      |   | 939 |   |
|                                                                              |   |      |    |   |      |   |   |   |
| NON-INTEREST                  EXPENSE                                             |   |      |    |   |      |   |   |   |
| Salaries                  and employee                  benefits                  |   |      | 3,255   |   |      |   | 3,460 |   |
| Occupancy                                                                         |   |      | 779     |   |      |   | 850 |   |
| Advertising&                  promotion                                       |   |      | 271     |   |      |   | 322 |   |
| Data                  processing                                                  |   |      | 342     |   |      |   | 368 |   |
| Other                                                                             |   |      | 1,144   |   |      |   | 1,088 |   |
| TOTAL                  NON-INTEREST                  EXPENSE                      |   |      | 5,791   |   |      |   | 6,088 |   |
|                                                                              |   |      |    |   |      |   |   |   |
| INCOME                  BEFORE INCOME                  TAXES                      |   |      | 1,078   |   |      |   | 1,451 |   |
| Income                  tax                  expense                              |   |      | 367     |   |      |   | 540 |   |
| NET                  INCOME                                                       |   | $         | 711     |   |      | $      | 911 |   |
|                                                                              |   |      |    |   |      |   |   |   |
| Earnings                  per share,                  basic                       |   | $         | 0.34    |   |      | $      | 0.43 |   |
| Earnings                  per share,                  diluted                     |   | $         | 0.34    |   |      | $      | 0.43 |   |