BankFinancial (BFIN) 8-K Filing of Quarterly Report on Form 10-Q

Exhibit 99.2

BANKFINANCIAL CORPORATION

THIRD QUARTER 2006

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 with 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 any of its subsidiaries.

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
PERFORMANCE MEASUREMENTS:
Return on assets (ratio of net income to average total assets)		0.68	%		0.69	%		0.78	%		0.74	%		0.92	%
Return on equity (ratio of net income to average equity)		3.34			3.43			3.82			3.58			4.56
Net interest rate spread		2.86			2.84			2.92			2.91			3.06
Net interest margin		3.71			3.62			3.65			3.60			3.64
Efficiency ratio		75.37			73.68			70.29			71.54			69.41
Noninterest expense to average total assets		3.14			2.95			2.87			2.93			2.83
Average interest-earning assets to average interest-bearing liabilities		133.87			132.60			132.66			134.70			132.39
Offices		18			18			16			16			16
Employees (full time equivalents)		452			468			443			451			449
	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
SUMMARY INCOME STATEMENT:
Total interest income	$	24,244		$	23,683		$	22,292		$	21,191		$	20,785
Total interest expense		9,792			9,363			8,480			7,554			6,837
Net interest income before provision		14,452			14,320			13,812			13,637			13,948
Provision (credit) for loan losses		49			156			196			524			334
Net interest income		14,403			14,164			13,616			13,113			13,614
Noninterest income		2,658			2,587			2,731			2,453			2,464
Noninterest expense		12,895			12,457			11,628			11,510			11,391
Income before income tax		4,166			4,294			4,719			4,056			4,687
Income tax expense		1,371			1,390			1,579			1,137			990
Net income	$	2,795		$	2,904		$	3,140		$	2,919		$	3,697
Basic earnings per common share	$	0.12		$	0.13		$	0.14		$	0.13		$	0.16
Diluted earnings per common share	$	0.12		$	0.13		$	0.14		$	0.13		$	0.16
	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
NONINTEREST INCOME AND EXPENSE:
Noninterest Income:
Deposit service charges and fees	$	1,142		$	1,117		$	917		$	986		$	1,090
Other fee income		466			482			461			490			463
Insurance commissions and annuities income		363			352			228			242			265
Gain on sales of loans		95			53			37			27			50
Gain on sales of investment securities		89			55			—			—			—
Gain on disposition of premises and equipment		—			1			393			—			—
Loan servicing fee income		230			237			244			249			257
Amortization and impairment of servicing assets		(120	)		(146	)		(61	)		18			(73	)
REO operations		(15	)		(26	)		(5	)		—			(1	)
Other		408			462			517			441			413
Total noninterest income	$	2,658		$	2,587		$	2,731		$	2,453		$	2,464
Noninterest Expense:
Compensation	$	8,237		$	7,875		$	7,668		$	7,398		$	7,335
Office occupancy		1,530			1,340			1,316			1,377			1,275
Advertising		396			389			165			216			177
Data processing		873			825			788			814			777
Supplies, telephone and postage		583			450			507			468			490
Amortization of intangibles		496			495			393			405			410
Other general & administrative		780			1,083			791			832			927
Total noninterest expenses	$	12,895		$	12,457		$	11,628		$	11,510		$	11,391

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
SUMMARY BALANCE SHEET:
ASSETS:
Cash	$	34,515		$	31,475		$	31,059		$	34,437		$	28,016
Interest-bearing deposits and short-term investments		2,964			1,566			11,129			3,589			54,373
Securities available for sale, net		157,396			251,927			245,641			248,238			258,981
Loans held for sale		605			1,882			86			375			523
Loans receivable, net		1,312,114			1,280,365			1,261,820			1,231,891			1,135,709
Federal Home Loan Bank stock		18,911			18,911			25,434			25,434			25,197
Premises and equipment		35,069			35,206			32,182			32,819			32,810
Intangible assets		32,727			33,387			18,720			19,113			19,518
Other assets		15,676			16,911			17,050			18,540			17,953
Total assets	$	1,609,977		$	1,671,630		$	1,643,121		$	1,614,436		$	1,573,080
LIABILITIES AND EQUITY:
Deposits	$	1,106,249		$	1,137,664		$	1,053,411		$	1,067,874		$	1,044,242
Borrowings		165,082			175,349			236,251			191,388			181,252
Other liabilities		12,763			23,901			20,331			26,397			22,260
Total liabilities		1,284,094			1,336,914			1,309,993			1,285,659			1,247,754
Stockholders’ equity		325,883			334,716			333,128			328,777			325,326
Total liabilities and equity	$	1,609,977		$	1,671,630		$	1,643,121		$	1,614,436		$	1,573,080
	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
CAPITAL RATIOS:
BankFinancial Corporation:
Equity to total assets (end of period)		20.24	%		20.02	%		20.27	%		20.36	%		20.68	%
Tangible equity to total assets (end of period)		18.59			18.39			19.36			19.41			19.68
BankFinancial FSB:
Risk-based total capital ratio		19.91			19.70			18.56			19.01			19.91
Risk-based tier 1 capital ratio		19.05			18.88			17.77			18.21			19.11
Tier 1 leverage ratio		14.95			14.33			13.83			13.82			13.96
	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
COMMON STOCK AND DIVIDENDS:
Stock Prices:
Close	$	17.49		$	17.30		$	15.92		$	14.68		$	14.20
High		18.11			17.30			16.41			14.91			15.00
Low		16.31			15.15			14.55			12.99			13.10
Cash dividends paid	$	0.06		$	0.06			—			—			—
	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
DEPOSITS:
Non-interest-bearing demand	$	130,491		$	136,046		$	105,251		$	117,443		$	109,022
Interest-bearing NOW		251,938			244,173			224,732			227,893			219,457
Money market		250,767			249,133			244,916			248,871			236,285
Savings		118,898			129,482			121,016			123,260			122,783
Certificates of deposit		354,155			378,830			357,496			350,407			356,695
Total deposits	$	1,106,249		$	1,137,664		$	1,053,411		$	1,067,874		$	1,044,242

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
LOANS:
One- to four-family residential real estate	$	409,288		$	402,097		$	408,206		$	404,196		$	395,499
Multi-family mortgage loans		292,100			291,005			289,364			280,238			242,910
Nonresidential real estate		307,619			303,901			282,496			275,418			266,898
Construction and land loans		83,526			78,900			85,761			80,705			74,523
Commercial loans		84,947			76,070			69,702			68,988			64,527
Commercial leases		135,019			127,971			128,062			121,898			92,268
Consumer loans		3,989			4,019			2,041			2,022			1,975
Other loans (including municipal)		4,959			4,959			5,159			5,219			5,492
Total loans		1,321,447			1,288,922			1,270,791			1,238,684			1,144,092
Loans in process		113			934			174			2,180			193
Net deferred loan origination costs		2,478			2,478			2,563			2,541			2,355
Allowance for loan losses		(11,924	)		(11,969	)		(11,708	)		(11,514	)		(10,931	)
Loans, net	$	1,312,114		$	1,280,365		$	1,261,820		$	1,231,891		$	1,135,709
	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
CREDIT QUALITY RATIOS:
Nonperforming Loans and Assets:
Nonperforming loans	$	8,469		$	6,440		$	3,192		$	5,723		$	7,280
Real estate owned		—			30			56			153			—
Nonperforming assets	$	8,469		$	6,470		$	3,248		$	5,876		$	7,280
Asset Quality Ratios:
Nonperforming assets to total assets		0.53	%		0.39	%		0.20	%		0.36	%		0.46	%
Nonperforming loans to total loans		0.64			0.50			0.25			0.46			0.63
Allowance for loan losses to nonperforming loans		140.80			185.85			366.79			201.19			150.15
Allowance for loan losses to total loans		0.90			0.93			0.92			0.93			0.95
Net charge-off ratio		0.03			0.03			0.00			(0.02	)		0.00
	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
ALLOWANCE FOR LOAN LOSSES:
Beginning balance	$	11,969		$	11,708		$	11,514		$	10,931		$	10,596
Allowance of acquired bank		—			212			—			—			—
Provision (credit) for loan losses		49			156			196			524			334
Loans charged off		(96	)		(107	)		(2	)		(29	)		(1	)
Recoveries		2			—			—			88			2
Ending balance	$	11,924		$	11,969		$	11,708		$	11,514		$	10,931

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
SELECTED AVERAGE BALANCES:
Average total assets	$	1,644,304		$	1,688,410		$	1,618,258		$	1,573,867		$	1,607,277
Average earning assets		1,544,356			1,588,219			1,533,951			1,501,205			1,520,234
Average total loans		1,320,016			1,288,063			1,260,870			1,197,545			1,130,131
Average investment securities		211,992			293,301			270,944			291,478			362,141
Average other earning assets		12,348			6,855			2,137			12,182			27,962
Average interest-bearing deposits		982,859			1,006,818			932,918			931,895			957,240
Average total borrowings		170,804			190,935			223,359			182,613			191,076
Average interest-bearing liabilities		1,153,663			1,197,753			1,156,277			1,114,508			1,148,316
Average total stockholders’ equity		335,015			339,050			328,652			326,549			324,058
	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
SELECTED YIELDS AND COST OF FUNDS:
Average earning assets		6.23	%		5.98	%		5.89	%		5.60	%		5.42	%
Average total loans		6.50			6.38			6.30			6.02			5.97
Average investment securities		4.57			4.27			4.02			3.94			3.87
Average other earning assets		5.75			5.03			4.18			3.81			3.23
Average interest-bearing deposits		3.22			2.97			2.73			2.49			2.11
Average total borrowings		4.19			4.01			4.01			3.70			3.64
Average interest-bearing liabilities		3.37			3.14			2.97			2.69			2.36
Interest rate spread		2.86			2.84			2.92			2.91			3.06
Net interest margin		3.71			3.62			3.65			3.60			3.64
	2006									2005
	IIIQ			IIQ			IQ			IVQ			IIIQ
EARNINGS PER SHARE COMPUTATIONS:
Net income	$	2,795		$	2,904		$	3,140		$	2,919		$	3,697
Average common shares outstanding		24,556,236			24,466,250			24,466,250			24,466,250			24,466,250
Less: Unearned ESOP shares		(1,851,346	)		(1,871,668	)		(1,896,134	)		(1,920,152	)		(1,935,652	)
Less: Unvested restricted stock		(210,082	)		—			—			—			—
Weighted average common shares outstanding		22,494,808			22,594,582			22,570,116			22,546,098			22,530,598
Plus: Dilutive common shares equivalents		12,294			—			—			—			—
Weighted average dilutive shares outstanding		22,507,102			22,594,582			22,570,116			22,546,098			22,530,598
Number of antidilutive stock options excluded from the diluted earnings per share calculation		1,140,000			N.A.			N.A.			N.A.			N.A.
Weighted average exercise price of anti- dilutive option shares	$	17.62			N.A.			N.A.			N.A.			N.A.
Basic earnings per common share	$	0.12		$	0.13		$	0.14		$	0.13		$	0.16
Diluted earnings per common share	$	0.12		$	0.13		$	0.14		$	0.13		$	0.16
N.A. = Not Applicable

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