# EDGAR Filing Document

**Accession Number:** 0001303942
**File Stem:** 0001437749-23-001986
**Filing Date:** 2023-1
**Character Count:** 34254
**Document Hash:** 1eb9aaf1f9e26f48e6ca0ee41ca86060
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-23-001986.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001437749-23-001986

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20230127

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BankFinancial CORP
- **CENTRAL INDEX KEY:** 0001303942
- **STANDARD INDUSTRIAL CLASSIFICATION:** SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
- **IRS NUMBER:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-51331
- **FILM NUMBER:** 23563324

**BUSINESS ADDRESS:**
- **STREET 1:** 60 NORTH FRONTAGE ROAD
- **CITY:** BURR RIDGE
- **STATE:** IL
- **ZIP:** 60527
- **BUSINESS PHONE:** (800) 894-6900

**MAIL ADDRESS:**
- **STREET 1:** 60 NORTH FRONTAGE ROAD
- **CITY:** BURR RIDGE
- **STATE:** IL
- **ZIP:** 60527

bfin20220801_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): **January 27, 2023**

## BANKFINANCIAL CORPORATION
**(Exact Name of Registrant as Specified in Charter)**

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| | | |
|:---|:---|:---|
| **Maryland** | **0-51331** | **75-3199276** |

---

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| | | |
|:---|:---|:---|
| **(State or Other Jurisdiction**<br> **of Incorporation)** | **(Commission**<br> **File No.)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

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| | |
|:---|:---|
| **60 North Frontage Road, **Burr Ridge**, **Illinois**<br> **(Address of Principal Executive Offices)** | **60527**<br> **(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:

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| | |
|:---|:---|
| **Title of each class** | **Name of each exchange on which registered** |
| Common Stock, par value $0.01 per share<br> 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. ☐

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**Item 2.02 Results of Operations and Financial Condition.**

On January 27, 2023, BankFinancial Corporation (Nasdaq – BFIN) issued a press release announcing the results for the fourth quarter and year ended December 31, 2022 and issued the Quarterly Financial and Statistical Supplement for the latest five quarters. The press release and Quarterly Financial and Statistical Supplement are included as Exhibits 99.1 and 99.2 to this report.

BankFinancial Corporation will review results for the fourth quarter and year ended December 31, 2022 in a conference call and webcast for stockholders and analysts on Monday, January 30, 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/BI3b0e105d394f4b3aa25be171af82e2ae***

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 9.01 Financial Statements and Exhibits.**

(a) Not Applicable.

(b) Not Applicable.

(c) Not Applicable.

(d) Exhibits.

---

| | |
|:---|:---|
| <u>Exhibit No.</u> | <u>Description</u> |
| [99.1](ex_404452.htm) | Press Release dated January 27, 2023 |
| [99.2](ex_404453.htm) | Quarterly Financial and Statistical Supplement |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |

---

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**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** | **BANKFINANCIAL CORPORATION** |
| Dated: | January 27, 2023 | By: | /s/ F. Morgan Gasior |
|  |  |  | F. Morgan Gasior |
|  |  |  | Chairman of the Board, Chief Executive Officer and President |

---

## Exhibit 99.1

**Exhibit 99.1**

![bfinlogo.jpg](bfinlogo.jpg)

<u>**FOR IMMEDIATE RELEASE**</u>

**BankFinancial Corporation Reports Financial Results for 2022 and** 

**Will Host Conference Call and Webcast on Monday, January 30, 2023**

**Burr Ridge, Illinois** - (January 27, 2023) BankFinancial Corporation (Nasdaq – BFIN) (the "Company") announced today that the Company recorded net income of $10.5 million and basic and diluted earnings per common share of $0.80 for the year ended December 31, 2022. The Company recorded net income of $3.4 million and basic and diluted earnings per common share of $0.27 for the fourth quarter of 2022.

For the year ended 2022, total loans increased by $182.5 million (17.5%) to $1.227 billion. Total commercial loans and leases increased by $63.0 million (12.9%) to $552.5 million, reflecting our increasing emphasis on commercial and industrial lending. Total multi-family mortgages and nonresidential real estate loans increased by $126.6 million (23.9%) to $656.0 million due to increased loan originations and reduced portfolio prepayment rates. Total other loans decreased by $7.1 million (22.4%) due to our cessation of residential mortgage lending and continued prepayments of existing residential mortgage loans.

The Company's asset quality remained stable in 2022. The ratio of nonperforming loans to total loans was 0.13% and the ratio of nonperforming assets to total assets was 0.13% at December 31, 2022. The provision for loan losses increased by $3.1 million in 2022 primarily due to loan portfolio growth and a modest decline of macroeconomic factors during the fourth quarter of 2022. Our allowance for loan losses increased to 0.66% of total loans as of December 31, 2022, compared to 0.64% at December 31, 2021.

Total deposits decreased by $113.5 million (7.6%) primarily due to the reduced liquidity of commercial depositors and declines in retail money market deposit account balances accumulated during the COVID-19 pandemic. Core deposits were 86.4% of total deposits, with noninterest-bearing demand deposits representing 20.4% of total deposits.

The Company's capital position remained strong, with a Tier 1 leverage ratio of 9.73% at December 31, 2022. Throughout 2022, the Company maintained its quarterly dividend rate at $0.10 per common share. The Company repurchased 485,888 common shares during the year ended December 31, 2022, which represented 3.7% of the common shares that were outstanding on December 31, 2021. The Company's book value per share remained at $11.90 per share at December 31, 2022.

For the year ended December 31, 2022, the Company's net interest income before provision for loan losses increased by $7.0 million (16.1%) to $50.8 million due to growth in the loan and investment securities portfolios, and higher yields on loan originations and investment securities. Non-interest income increased by $287,000 (5.0%) to $6.0 million due to increases in income from deposit services, trust/investment services and bank-owned life insurance death benefit proceeds. Noninterest expense remained stable at $41.1 million, compared to $40.9 million in 2021.

For the fourth quarter of 2022, net interest income increased by $66,000 to $14.0 million due to increased yields on loans and investments, net of increases in deposit interest expense. In addition to the loan portfolio growth in the fourth quarter of 2022, the Company increased its short-duration U.S Government Agency investment securities portfolio by $10.0 million at significantly higher yields compared to the third quarter of 2022. The provision for loan losses increased by $393,000 due to loan portfolio growth and a modest decline in macroeconomic factors during the quarter. Noninterest income increased by $119,000 to $1.4 million due to seasonally-higher loan and deposit services fee income. Noninterest expense decreased by $562,000 to $10.0 million, due to a reduction in other expenses compared to the third quarter of 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F. Morgan Gasior, the Chairman and CEO of the Company, said "The Company ended 2022 in a strong financial condition, with excellent asset quality and improved operating leverage. Our financial results for 2022 reflect in part the continuing impact of our commercial credit originations capabilities, asset-liability management discipline and careful management of operating expenses. We expect our Commercial Finance, Equipment Finance and Treasury Services originations capabilities will contribute further improvements to earnings and to loan portfolio diversity in 2023. We remain committed to delivering strong financial results and contributions to our shareholders and communities."

The Company's 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 fourth quarter 2022 results in a conference call and webcast for stockholders and analysts on Monday, January 30, 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/BI3b0e105d394f4b3aa25be171af82e2ae***

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.

For those unable to participate in the conference call, the webcast will be archived through Monday, February 20, 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<br> Senior Vice President – Finance<br> BankFinancial Corporation<br> Telephone: 630-425-5568 | Gregg T. Adams<br> President – Marketing & Sales<br> BankFinancial, NA<br> Telephone: 630-425-5877 |

---

## Exhibit 99.2

**Exhibit 99.2**

**BANKFINANCIAL CORPORATION**

**FOURTH QUARTER 2022**

**QUARTERLY FINANCIAL AND STATISTICAL SUPPLEMENT**

**FOR THE LATEST FIVE QUARTERS**

Note: Certain reclassifications have been made in the prior period's financial statements and reflected in the Selected Quarterly Financial and Statistical Data tables to conform to the current period's presentation.

The information and statistical data contained herein have been prepared by BankFinancial Corporation and have been derived or calculated from selected quarterly and period–end historical financial statements prepared in accordance with accounting principles generally accepted in the United States. BankFinancial Corporation is under no obligation to update, keep current, or continue to provide the information contained herein. This information is provided solely for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any securities or establish any business relationships with BankFinancial Corporation or its subsidiary.

------

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2022** | **2022** | **2022** | **2022** | **2021** |
|  | **IVQ** | **IIIQ** | **IIQ** | **IQ** | **IVQ** |
| **PERFORMANCE MEASUREMENTS** |  |  |  |  |  |
| Return on assets (ratio of net income to average total assets) <sup>(1)</sup> | 0.86% | 0.79% | 0.62% | 0.30% | 0.57% |
| Return on equity (ratio of net income to average equity) <sup>(1)</sup> | 9.01 | 8.31 | 6.64 | 3.24 | 6.00 |
| Net interest rate spread <sup>(1)</sup> | 3.39 | 3.42 | 3.00 | 2.66 | 2.75 |
| Net interest margin <sup>(1)</sup> | 3.59 | 3.52 | 3.07 | 2.73 | 2.81 |
| Efficiency ratio <sup>(2)</sup> | 65.12 | 69.70 | 73.01 | 84.20 | 79.50 |
| Noninterest expense to average total assets <sup>(1)</sup> | 2.50 | 2.60 | 2.47 | 2.47 | 2.47 |
| Average interest–earning assets to average interest–bearing liabilities | 137.62 | 137.90 | 138.10 | 139.03 | 138.57 |
| Number of full service offices | 20 | 20 | 19 | 19 | 19 |
| Employees (full time equivalents) | 203 | 199 | 200 | 206 | 221 |
| **SUMMARY STATEMENT OF FINANCIAL CONDITION** |  |  |  |  |  |
| **ASSETS** |  |  |  |  |  |
| Cash and due from other financial institutions | $12046 | $11753 | $10655 | $9722 | $9095 |
| Interest-bearing deposits in other financial institutions | 54725 | 204378 | 259816 | 391280 | 493067 |
| Securities, at fair value | 210338 | 199339 | 158951 | 132634 | 85694 |
| Loans receivable, net | 1226743 | 1141799 | 1142743 | 1055069 | 1044207 |
| Foreclosed assets, net | 476 | 524 | 842 | 968 | 725 |
| Stock in Federal Home Loan Bank and Federal Reserve Bank, at cost | 7490 | 7490 | 7490 | 7490 | 7490 |
| Premises and equipment, net | 24956 | 24949 | 25103 | 24939 | 25043 |
| Bank-owned life insurance | 18815 | 18879 | 18893 | 19157 | 19129 |
| Deferred taxes | 5175 | 5156 | 4261 | 3750 | 2762 |
| Other assets | 14373 | 14957 | 16132 | 15143 | 13470 |
| **Total assets** | $1575137 | $1629224 | $1644886 | $1660152 | $1700682 |
| **LIABILITIES AND STOCKHOLDERS' EQUITY** |  |  |  |  |  |
| Deposits | $1374934 | $1425258 | $1444750 | $1461605 | $1488431 |
| Borrowings |  |  |  | 5000 | 5000 |
| &nbsp;&nbsp;&nbsp; Subordinated Notes, net of unamortized issuance costs | 19634 | 19623 | 19612 | 19601 | 19590 |
| Other liabilities | 28898 | 33273 | 26394 | 20051 | 30195 |
| Total liabilities | 1423466 | 1478154 | 1490756 | 1506257 | 1543216 |
| Stockholders' equity | 151671 | 151070 | 154130 | 153895 | 157466 |
| **Total liabilities and stockholders' equity** | $1575137 | $1629224 | $1644886 | $1660152 | $1700682 |

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<sup>(1)</sup> Annualized

<sup>(2)</sup> The efficiency ratio represents noninterest expense, divided by the sum of net interest income and noninterest income.

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2022** | **2022** | **2022** | **2022** | **2021** | **For the years ended December 31,** | **For the years ended December 31,** |
|  | **IVQ** | **IIIQ** | **IIQ** | **IQ** | **IVQ** | **2022** | **2021** |
| **SUMMARY STATEMENT OF OPERATIONS** |  |  |  |  |  |  |  |
| Total interest income | $16064 | $14930 | $12884 | $11418 | $12073 | $55296 | $46566 |
| Total interest expense | 2076 | 1008 | 754 | 643 | 686 | 4481 | 2794 |
| Net interest income | 13988 | 13922 | 12130 | 10775 | 11387 | 50815 | 43772 |
| Provision for (recovery of) loan losses | 743 | 350 | 459 | 276 | (221) | 1828 | (1240) |
| Net interest income after provision for (recovery of) loan losses | 13245 | 13572 | 11671 | 10499 | 11608 | 48987 | 45012 |
| Noninterest income | 1406 | 1287 | 1839 | 1444 | 1631 | 5976 | 5689 |
| Noninterest expense | 10039 | 10601 | 10199 | 10289 | 10349 | 41128 | 40943 |
| Income before income tax | 4612 | 4258 | 3311 | 1654 | 2890 | 13835 | 9758 |
| Income tax expense <sup>(1)</sup> | 1174 | 1037 | 744 | 386 | 519 | 3341 | 2348 |
| Net income | $3438 | $3221 | $2567 | $1268 | $2371 | $10494 | $7410 |
| Basic and diluted earnings per common share | $0.27 | $0.25 | $0.19 | $0.10 | $0.18 | $0.80 | $0.53 |
| **NONINTEREST INCOME AND EXPENSE** |  |  |  |  |  |  |  |
| **Noninterest Income** |  |  |  |  |  |  |  |
| Deposit service charges and fees | $835 | $829 | $826 | $781 | $832 | $3271 | $3184 |
| Loan servicing fees | 240 | 59 | 190 | 101 | 395 | 590 | 731 |
| Mortgage brokerage and banking fees | 9 | 12 | 9 | 8 | 2 | 38 | 35 |
| Trust insurance commissions and annuities income | 266 | 287 | 262 | 338 | 256 | 1153 | 1136 |
| (Loss) earnings on bank-owned life insurance | (64) | (14) | 11 | 28 | 32 | (39) | 114 |
| &nbsp;&nbsp;&nbsp; Bank-owned life insurance death benefit |  |  | 446 |  |  | 446 |  |
| Other | 120 | 114 | 95 | 188 | 114 | 517 | 489 |
| **Total noninterest income** | $1406 | $1287 | $1839 | $1444 | $1631 | $5976 | $5689 |
| **Noninterest Expense** |  |  |  |  |  |  |  |
| Compensation and benefits | $5366 | $5241 | $5489 | $5480 | $5827 | $21576 | $22638 |
| Office occupancy and equipment | 1944 | 1970 | 1933 | 2134 | 1711 | 7981 | 7524 |
| Advertising and public relations | 202 | 138 | 208 | 142 | 195 | 690 | 742 |
| Information technology | 926 | 894 | 895 | 851 | 871 | 3566 | 3083 |
| Professional fees | 262 | 245 | 412 | 373 | 312 | 1292 | 1336 |
| Supplies, telephone, and postage | 342 | 342 | 362 | 347 | 391 | 1393 | 1615 |
| FDIC insurance premiums | 111 | 134 | 106 | 116 | 133 | 467 | 478 |
| Other | 886 | 1637 | 794 | 846 | 909 | 4163 | 3527 |
| **Total noninterest expense** | $10039 | $10601 | $10199 | $10289 | $10349 | $41128 | $40943 |

---

<sup>(1)</sup> Income tax expense for the quarter and year ended December 31, 2021 includes a $200,000 valuation reserve recovery related to the Company's Illinois NOL carryforward.

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **2022** | **2022** | **2022** | **2022** | **2021** | **For the years ended December 31,** | **For the years ended December 31,** |
|  | **IVQ** | **IIIQ** | **IIQ** | **IQ** | **IVQ** | **2022** | **2021** |
| **LOANS** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; One–to–four family residential real estate | $23094 | $24484 | $26247 | $28221 | $30133 |  |  |
| &nbsp;&nbsp;&nbsp; Multi–family mortgage | 536295 | 481838 | 485742 | 435522 | 426136 |  |  |
| &nbsp;&nbsp;&nbsp; Nonresidential real estate | 119660 | 115820 | 115983 | 99817 | 103172 |  |  |
| &nbsp;&nbsp;&nbsp; Construction and land | 160 | 160 | 84 |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Commercial loans and leases | 552494 | 523669 | 519662 | 496245 | 489512 |  |  |
| &nbsp;&nbsp;&nbsp; Consumer | 1584 | 2363 | 1574 | 1572 | 1685 |  |  |
|  | 1233287 | 1148334 | 1149292 | 1061377 | 1050638 |  |  |
| &nbsp;&nbsp;&nbsp; Net deferred loan origination fees and costs | 1585 | 851 | 653 | 478 | 284 |  |  |
| &nbsp;&nbsp;&nbsp; Allowance for loan losses | (8129) | (7386) | (7202) | (6786) | (6715) |  |  |
| **Loans, net** | $1226743 | $1141799 | $1142743 | $1055069 | $1044207 |  |  |
| **LOAN ORIGINATIONS <sup>(1)</sup>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; One–to–four family residential real estate | $215 | $592 | $268 | $348 | $494 | $1423 | $1578 |
| &nbsp;&nbsp;&nbsp; Multi–family mortgage | 67888 | 44614 | 75595 | 35661 | 38265 | 223758 | 117727 |
| &nbsp;&nbsp;&nbsp; Nonresidential real estate | 7694 | 8947 | 21254 | 5837 | 6522 | 43732 | 15137 |
| &nbsp;&nbsp;&nbsp; Construction and land |  | 76 | 84 |  |  | 160 |  |
| &nbsp;&nbsp;&nbsp; Commercial loans | 179421 | 168438 | 183464 | 184290 | 195228 | 715613 | 481252 |
| &nbsp;&nbsp;&nbsp; Equipment finance | 90157 | 53982 | 90267 | 30821 | 84072 | 265227 | 260952 |
| &nbsp;&nbsp;&nbsp; Consumer | 544 | 544 | 563 | 496 | 572 | 2147 | 2413 |
|  | $345919 | $277193 | $371495 | $257453 | $325153 | $1252060 | $879059 |
| **Weighted average interest rate** | 6.88% | 6.26% | 4.87% | 4.56% | 4.07% | 5.67% | 4.12% |
| **LOAN PAYMENTS and PAYOFFS <sup>(2)</sup>** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; One–to–four family residential real estate | $1525 | $2296 | $2233 | $2324 | $2266 | $8378 | $13397 |
| &nbsp;&nbsp;&nbsp; Multi–family mortgage | 13465 | 48158 | 26156 | 25598 | 47882 | 113377 | 144535 |
| &nbsp;&nbsp;&nbsp; Nonresidential real estate | 3708 | 9460 | 5018 | 8823 | 3760 | 27009 | 20643 |
| &nbsp;&nbsp;&nbsp; Construction and land |  |  |  |  | 499 |  | 499 |
| &nbsp;&nbsp;&nbsp; Commercial loans | 177205 | 160502 | 197912 | 170543 | 202524 | 706162 | 468712 |
| &nbsp;&nbsp;&nbsp; Equipment finance | 64144 | 56779 | 51671 | 38701 | 71088 | 211295 | 183732 |
| &nbsp;&nbsp;&nbsp; Consumer | 541 | 525 | 557 | 587 | 656 | 2210 | 2522 |
|  | $260588 | $277720 | $283547 | $246576 | $328675 | $1068431 | $834040 |
| **Weighted average interest rate** | 6.97% | 5.88% | 4.94% | 4.42% | 4.26% | 5.56% | 4.33% |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(2) Loan payments and payoffs exclude loan renewals.

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2022** | **2022** | **2022** | **2022** | **2021** |
|  | **IVQ** | **IIIQ** | **IIQ** | **IQ** | **IVQ** |
| **CREDIT QUALITY:** |  |  |  |  |  |
| **Nonperforming Assets:** |  |  |  |  |  |
| Nonaccrual loans: |  |  |  |  |  |
| One–to–four family residential real estate | $92 | $715 | $323 | $330 | $367 |
| Nonresidential real estate |  |  |  |  | 297 |
| &nbsp;&nbsp;&nbsp; Equipment finance | 1306 | 525 | 610 | 101 | 76 |
| &nbsp;&nbsp;&nbsp; Consumer | 5 |  |  |  |  |
| Nonaccrual loans | 1403 | 1240 | 933 | 431 | 740 |
| Loans past due over 90 days, still accruing | 233 | 415 | 753 | 1531 | 10 |
| Foreclosed assets, net |  |  |  |  |  |
| Other real estate owned | 472 | 243 | 274 | 274 |  |
| &nbsp;&nbsp;&nbsp; Other foreclosed assets | 4 | 281 | 568 | 694 | 725 |
| Foreclosed assets, net | 476 | 524 | 842 | 968 | 725 |
| **Nonperforming assets** | $2112 | $2179 | $2528 | $2930 | $1475 |
| **Asset Quality Ratios** |  |  |  |  |  |
| Nonperforming assets to total assets | 0.13% | 0.13% | 0.15% | 0.18% | 0.09% |
| Nonperforming loans to total loans <sup>(1)</sup> | 0.13 | 0.14 | 0.15 | 0.18 | 0.07 |
| Nonperforming commercial-related loans to total commercial-related loans <sup>(2)</sup> | 0.13 | 0.08 | 0.12 | 0.16 | 0.04 |
| Nonperforming residential and consumer loans to total residential and consumer loans | 0.39 | 2.66 | 1.16 | 1.11 | 1.15 |
| Allowance for loan losses to nonperforming loans | 496.88 | 446.28 | 427.16 | 345.87 | 895.33 |
| **Concentrations of Credit** |  |  |  |  |  |
| Commercial real estate for FFIEC concentration limits | $634482 | $575526 | $579455 | $514434 | $508298 |
| % FFIEC total capital | 365.95% | 329.27% | 331.26% | 295.56% | 294.98% |
| Multi–family mortgage loans - 50% risk based capital qualified (included above) | $101052 | $103745 | $121717 | $153558 | $67548 |
| % FFIEC total capital | 58.28% | 59.35% | 69.58% | 88.22% | 39.20% |

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<sup>(1)</sup> Nonperforming loans include nonaccrual loans and loans past due 90 days and still accruing.

<sup>(2)</sup> Commercial-related loans include multi-family mortgage, nonresidential real estate, construction and land, and commercial loans and leases.

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2022** | **2022** | **2022** | **2022** | **2021** |
|  | **IVQ** | **IIIQ** | **IIQ** | **IQ** | **IVQ** |
| **SUBSTANDARD PERFORMING LOANS** |  |  |  |  |  |
| One–to–four family residential real estate | $326 | $163 | $424 | $433 | $476 |
| Commercial loans and leases | 4041 | 50 | 56 | 63 |  |
| Consumer | 4 | 4 | 5 | 3 | 6 |
|  | $4371 | $217 | $485 | $499 | $482 |
| **ALLOWANCE FOR LOAN LOSSES** |  |  |  |  |  |
| Beginning balance | $7386 | $7202 | $6786 | $6715 | $6895 |
| Charge–offs: |  |  |  |  |  |
| One-to-four family residential real estate |  | (71) | (1) | (4) | (3) |
| Nonresidential real estate |  |  |  | (192) | (7) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Commercial loans and leases | (1) | (104) | (51) |  | (7) |
| Consumer | (12) | (16) | (15) | (18) | (12) |
|  | (13) | (191) | (67) | (214) | (29) |
| Recoveries: |  |  |  |  |  |
| One–to–four family residential real estate | 4 | 2 | 3 | 2 | 64 |
| Multi–family mortgage | 5 | 6 | 4 | 5 | 5 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nonresidential real estate |  | 2 | 2 |  |  |
| Commercial loans and leases | 4 | 15 |  | 1 | 1 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Consumer |  |  | 15 | 1 |  |
|  | 13 | 25 | 24 | 9 | 70 |
| Net recoveries (charge–offs) |  | (166) | (43) | (205) | 41 |
| Provision for (recovery of) loan losses | 743 | 350 | 459 | 276 | (221) |
| Ending balance | $8129 | $7386 | $7202 | $6786 | $6715 |
| Allowance for loan losses to total loans | 0.66% | 0.64% | 0.63% | 0.64% | 0.64% |
| Net recoveries (charge–offs) ratio <sup>(1)</sup> |  | (0.06) | (0.02) | (0.08) | 0.02 |

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<sup>(1)</sup> Annualized

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2022** | **2022** | **2022** | **2022** | **2021** |
|  | **IVQ** | **IIIQ** | **IIQ** | **IQ** | **IVQ** |
| **DEPOSITS** |  |  |  |  |  |
| Noninterest–bearing demand | $280625 | $307116 | $311408 | $339504 | $342185 |
| Interest–bearing NOW accounts | 400416 | 409135 | 400405 | 384665 | 404326 |
| Money market accounts | 302863 | 314436 | 334237 | 330094 | 333369 |
| Savings deposits | 204506 | 206048 | 205590 | 207201 | 201633 |
| Certificates of deposit - retail | 186524 | 188278 | 192616 | 198911 | 203468 |
| Certificates of deposit - wholesale |  | 245 | 494 | 1230 | 3450 |
|  | $1374934 | $1425258 | $1444750 | $1461605 | $1488431 |
| **SELECTED AVERAGE BALANCES** |  |  |  |  |  |
| Total average assets | $1605375 | $1632775 | $1648736 | $1666086 | $1673813 |
| Total average interest–earning assets | 1546499 | 1571188 | 1586230 | 1601040 | 1608652 |
| Average loans | 1158474 | 1147154 | 1096005 | 1050668 | 1044246 |
| Average securities | 215359 | 187163 | 141603 | 116360 | 32542 |
| Average stock in FHLB & FRB | 7490 | 7490 | 7490 | 7490 | 7490 |
| Average other interest–earning assets | 165176 | 229381 | 341132 | 426522 | 524374 |
| Total average interest–bearing liabilities | 1123780 | 1139368 | 1148577 | 1151564 | 1160863 |
| Average interest–bearing deposits | 1104152 | 1119751 | 1126883 | 1126969 | 1136279 |
| Average borrowings and Subordinated Notes | 19628 | 19617 | 21694 | 24595 | 24584 |
| Average stockholders' equity | 152672 | 155000 | 154634 | 156492 | 157961 |
| **SELECTED YIELDS AND COST OF FUNDS <sup>(1)</sup>** |  |  |  |  |  |
| Total average interest–earning assets | 4.12% | 3.77% | 3.26% | 2.89% | 2.98% |
| Average loans | 4.57 | 4.40 | 4.28 | 4.17 | 4.44 |
| Average securities | 2.04 | 1.74 | 1.22 | 1.04 | 0.98 |
| Average other interest–earning assets | 3.69 | 2.22 | 0.80 | 0.21 | 0.17 |
| Total average interest–bearing liabilities | 0.73 | 0.35 | 0.26 | 0.23 | 0.23 |
| Average interest–bearing deposits | 0.67 | 0.29 | 0.20 | 0.16 | 0.17 |
| Average cost of total deposits | 0.53 | 0.22 | 0.15 | 0.12 | 0.13 |
| Average cost of retail and commercial deposits | 0.67 | 0.29 | 0.20 | 0.15 | 0.16 |
| Average cost of wholesale deposits, borrowings and Subordinated Notes | 4.01 | 3.96 | 3.62 | 3.16 | 3.10 |
| Average cost of funds | 0.58 | 0.27 | 0.21 | 0.18 | 0.18 |
| Net interest rate spread | 3.39 | 3.42 | 3.00 | 2.66 | 2.75 |
| Net interest margin | 3.59 | 3.52 | 3.07 | 2.73 | 2.81 |

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<sup>(1)</sup> Annualized

------

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **2022** | **2022** | **2022** | **2022** | **2021** |
|  | **IVQ** | **IIIQ** | **IIQ** | **IQ** | **IVQ** |
| **CAPITAL RATIOS** |  |  |  |  |  |
| **BankFinancial Corporation <sup>(1)</sup>** |  |  |  |  |  |
| Equity to total assets (end of period) | 9.63% | 9.27% | 9.37% | 9.27% | 9.26% |
| Tangible equity to tangible total assets (end of period) | 9.63 | 9.27 | 9.37 | 9.27 | 9.26 |
| Risk–based total capital ratio | 17.00 | 17.97 | 18.49 | 19.82 | 19.47 |
| Common Tier 1 (CET1) | 14.43 | 15.32 | 15.78 | 16.94 | 16.66 |
| Risk–based tier 1 capital ratio | 14.43 | 15.32 | 15.78 | 16.94 | 16.66 |
| Tier 1 leverage ratio | 9.73 | 9.55 | 9.48 | 9.32 | 9.32 |
| Tier 1 capital | $156086 | $155725 | $156085 | $155164 | $155818 |
| **BankFinancial, NA <sup>(2)</sup>** |  |  |  |  |  |
| Risk–based total capital ratio | 16.04% | 17.19% | 17.68% | 19.01% | 18.43% |
| Common Tier 1 (CET1) | 15.28 | 16.47 | 16.95 | 18.27 | 17.71 |
| Risk–based tier 1 capital ratio | 15.28 | 16.47 | 16.95 | 18.27 | 17.71 |
| Tier 1 leverage ratio | 10.31 | 10.26 | 10.18 | 10.05 | 9.91 |
| Tier 1 capital | $165252 | $167403 | $167723 | $167268 | $165599 |
| **COMMON STOCK AND DIVIDENDS** |  |  |  |  |  |
| Stock Prices: |  |  |  |  |  |
| Close | $10.53 | $9.46 | $9.39 | $10.36 | $10.67 |
| High | 10.60 | 10.27 | 10.78 | 11.27 | 11.81 |
| Low | 9.06 | 9.18 | 9.30 | 10.30 | 10.33 |
| Common shares outstanding | 12742597 | 12922174 | 13153485 | 13178485 | 13228485 |
| Book value per share | $11.90 | $11.69 | $11.72 | $11.68 | $11.90 |
| Tangible book value per share | $11.90 | $11.69 | $11.72 | $11.68 | $11.90 |
| Cash dividends declared on common stock | $0.10 | $0.10 | $0.10 | $0.10 | $0.10 |
| Dividend payout ratio | 37.45% | 40.53% | 51.24% | 104.33% | 55.88% |
| Stock repurchases | $1760 | $2313 | $254 | $539 | $1673 |
| Stock repurchases – shares | 179577 | 231311 | 25000 | 50000 | 145648 |
| **EARNINGS PER SHARE COMPUTATIONS** |  |  |  |  |  |
| Net income | $3438 | $3221 | $2567 | $1268 | $2371 |
| Weighted average basic and dilutive common shares outstanding | 12861529 | 13060266 | 13165023 | 13204041 | 13264374 |
| Basic and diluted earnings per common share | $0.27 | $0.25 | $0.19 | $0.10 | $0.18 |

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<sup>(1)</sup> 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.

<sup>(2)</sup> As a qualifying community bank pursuant to Section 201 of the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018, the Bank elected to adopt the Community Bank Leverage Ratio requirement in the second quarter of 2020. Pursuant to the Coronavirus Aid, Relief, and Economic Security Act of 2021, the Bank's required minimum Community Bank Leverage Ratio is 8.50%. 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.