BankFinancial (BFIN) 8-K Results of Operations and Financial Condition

Exhibit 99.2

BANKFINANCIAL CORPORATION

FOURTH QUARTER 2016

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)

	2016												2015
	IVQ			IIIQ			IIQ			IQ			IVQ
PERFORMANCE MEASUREMENTS
Return on assets (ratio of net income to average total assets) (1)	0.57		%	0.66		%	0.22		%	0.50		%	0.58		%
Return on equity (ratio of net income to average equity) (1)	4.41			4.86			1.59			3.59			3.96
Net interest rate spread (1)	3.01			3.23			3.21			3.30			3.35
Net interest margin (1)	3.11			3.33			3.31			3.39			3.43
Efficiency ratio	76.23			73.60			79.80			80.98			83.16
Noninterest expense to average total assets (1)	2.59			2.62			2.78			2.89			3.08
Average interest–earning assets to average interest–bearing liabilities	133.71			134.36			136.17			136.26			138.91
Number of full service offices	19			19			19			19			19
Employees (full time equivalents)	246			242			253			255			251
SUMMARY STATEMENT OF FINANCIAL CONDITION
ASSETS
Cash and due from other financial institutions	$	13,053		$	9,499		$	11,509		$	10,238		$	13,192
Interest-bearing deposits in other financial institutions	83,631			91,031			74,048			55,705			46,185
Securities, at fair value	107,212			99,899			105,698			111,386			114,753
Loans receivable, net	1,312,952			1,241,808			1,207,553			1,232,485			1,232,257
Other real estate owned, net	3,895			4,381			5,373			5,629			7,011
Stock in Federal Home Loan Bank and Federal Reserve Bank, at cost	11,650			6,257			6,257			6,257			6,257
Premises and equipment, net	31,413			31,856			32,021			32,308			32,726
Intangible assets	782			911			1,040			1,169			1,305
Bank owned life insurance	22,594			22,538			22,484			22,438			22,387
Deferred taxes	22,411			23,715			25,187			25,641			26,695
Other assets	10,444			8,378			8,661			8,552			9,675
Total assets	$	1,620,037		$	1,540,273		$	1,499,831		$	1,511,808		$	1,512,443
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits	$	1,339,390		$	1,316,695		$	1,268,602		$	1,264,689		$	1,212,919
Borrowings	51,069			1,406			1,469			17,621			64,318
Other liabilities	24,798			18,505			23,053			20,010			22,842
Total liabilities	1,415,257			1,336,606			1,293,124			1,302,320			1,300,079
Stockholders’ equity	204,780			203,667			206,707			209,488			212,364
Total liabilities and stockholders’ equity	$	1,620,037		$	1,540,273		$	1,499,831		$	1,511,808		$	1,512,443

(1)Annualized

Page 2

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2016												2015			For the years ended December 31,
	IVQ			IIIQ			IIQ			IQ			IVQ			2016			2015
SUMMARY STATEMENT OF OPERATIONS
Total interest income	$	12,743		$	12,845		$	12,581		$	12,759		$	12,411		$	50,928		$	48,962
Total interest expense	1,148			1,014			952			856			738			3,970			2,814
Net interest income before recovery	11,595			11,831			11,629			11,903			11,673			46,958			46,148
Recovery of loan losses	(539		)	(525		)	1,315			(490		)	(1,038		)	(239		)	(3,206		)
Net interest income	12,134			12,356			10,314			12,393			12,711			47,197			49,354
Noninterest income	1,777			1,637			1,537			1,594			1,757			6,545			6,691
Noninterest expense	10,194			9,912			10,506			10,930			11,169			41,542			41,945
Income before income tax	3,717			4,081			1,345			3,057			3,299			12,200			14,100
Income tax expense	1,458			1,573			514			1,153			1,183			4,698			5,425
Net income	$	2,259		$	2,508		$	831		$	1,904		$	2,116		$	7,502		$	8,675
Basic earnings per common share	$	0.12		$	0.13		$	0.04		$	0.10		$	0.11		$	0.40		$	0.44
Diluted earnings per common share	$	0.12		$	0.13		$	0.04		$	0.10		$	0.11		$	0.39		$	0.44
NONINTEREST INCOME AND EXPENSE
Noninterest Income
Deposit service charges and fees	$	563		$	583		$	541		$	567		$	603		$	2,254		$	2,248
Other fee income	574			478			505			495			505			2,052			2,143
Insurance commissions and annuities income	122			53			72			55			169			302			386
Gain on sales of loans, net	16			38			3			18			10			75			102
Gain on sale of securities	—			—			—			46			—			46			—
Gain (loss) on disposition of premises and equipment	38			—			—			—			—			38			(1		)
Loan servicing fees	62			66			75			73			83			276			354
Amortization of servicing assets	(32		)	(28		)	(40		)	(28		)	(32		)	(128		)	(137		)
Recovery (impairment) of servicing assets	16			—			3			(3		)	(1		)	16			(3		)
Earnings on bank owned life insurance	56			54			46			51			52			207			194
Trust income	182			167			165			160			183			674			712
Other	180			226			167			160			185			733			693
Total noninterest income	$	1,777		$	1,637		$	1,537		$	1,594		$	1,757		$	6,545		$	6,691
Noninterest Expense
Compensation and benefits	$	5,734		$	5,315		$	5,713		$	5,993		$	6,034		$	22,755		$	22,222
Office occupancy and equipment	1,611			1,487			1,635			1,647			1,620			6,380			6,522
Advertising and public relations	252			144			252			222			208			870			991
Information technology	762			707			699			724			687			2,892			2,669
Supplies, telephone, and postage	346			345			297			376			397			1,364			1,586
Amortization of intangibles	129			129			129			136			136			523			550
Nonperforming asset management	99			89			127			84			239			399			681
Loss (gain) on sales of other real estate owned	(113		)	(15		)	(38		)	38			33			(128		)	(58		)
Valuation adjustments of other real estate owned	70			115			10			119			81			314			548
Operations of other real estate owned	121			143			177			219			169			660			573
FDIC insurance premiums	64			238			236			217			205			755			904
Other	1,119			1,215			1,269			1,155			1,360			4,758			4,757
Total noninterest expense	$	10,194		$	9,912		$	10,506		$	10,930		$	11,169		$	41,542		$	41,945

Page 3

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2016												2015
	IVQ			IIIQ			IIQ			IQ			IVQ
LOANS
One–to–four family residential real estate loans	$	135,218		$	142,130		$	147,876		$	154,588		$	159,501
Multi–family mortgage loans	542,887			505,369			504,158			513,450			506,026
Nonresidential real estate loans	182,152			186,504			191,685			219,339			226,735
Construction and land loans	1,302			1,005			1,767			1,799			1,313
Commercial loans	103,063			106,878			84,951			76,325			79,516
Commercial leases	352,539			304,753			282,629			272,849			265,405
Consumer loans	2,255			1,846			1,744			1,890			1,831
	1,319,416			1,248,485			1,214,810			1,240,240			1,240,327
Net deferred loan origination costs	1,663			1,657			1,658			1,661			1,621
Allowance for loan losses	(8,127		)	(8,334		)	(8,915		)	(9,416		)	(9,691		)
Loans, net	$	1,312,952		$	1,241,808		$	1,207,553		$	1,232,485		$	1,232,257
LOAN ORIGINATIONS (1)
One–to–four family residential real estate loans	$	1,426		$	2,322		$	2,279		$	1,637		$	2,657
Multi–family mortgage loans	54,954			25,062			18,017			24,385			43,110
Nonresidential real estate loans	9,033			3,518			3,587			5,002			20,408
Construction and land loans	359			92			—			198			—
Commercial loans	49,385			67,919			54,149			35,771			44,293
Commercial leases (3)	87,855			54,717			54,633			39,303			71,201
Consumer loans	611			883			1,025			588			725
	$	203,623		$	154,513		$	133,690		$	106,884		$	182,394
LOAN PAYMENTS and PAYOFFS (2)
One–to–four family residential real estate loans	$	8,698		$	7,245		$	8,500		$	6,413		$	7,471
Multi–family mortgage loans	16,999			24,276			27,188			17,082			13,559
Nonresidential real estate loans	12,697			8,740			30,024			11,878			12,748
Construction and land loans	24			852			33			57			41
Commercial loans	53,147			45,990			45,528			39,030			45,460
Commercial leases	35,984			31,437			48,774			31,552			26,353
Consumer loans	633			801			1,080			664			701
	$	128,182		$	119,341		$	161,127		$	106,676		$	106,333
LOAN PAYMENTS and PAYOFFS (Loans rated 5 or higher) (2)
One–to–four family residential real estate loans	$	350		$	220		$	778		$	441		$	363
Multi–family mortgage loans	1,131			1,155			4,163			5,117			2,199
Nonresidential real estate loans	1,690			500			19,164			409			784
Construction and land loans	—			828			—			24			8
Commercial loans	5,681			6,037			12,243			7,861			4,873
Commercial leases	177			203			197			194			—
	$	9,029		$	8,943		$	36,545		$	14,046		$	8,227

(1) Loan originations include draws on revolving lines of credit and exclude loan renewals.

(2) Loan payments and payoffs exclude loan renewals.

(3) Fourth quarter 2016 originations include $55.0 million purchased investment grade commercial leases.

Page 4

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2016												2015
	IVQ			IIIQ			IIQ			IQ			IVQ
CREDIT QUALITY:
Nonperforming Assets:
Nonaccrual loans (1):
One–to–four family residential real estate loans	$	2,851		$	2,691		$	2,625		$	3,370		$	2,455
Multi–family mortgage loans	185			508			1,021			953			821
Nonresidential real estate loans	260			717			754			295			296
Construction and land loans	—			—			—			803			—
Nonaccrual loans	3,296			3,916			4,400			5,421			3,572
Loans past due over 90 days, still accruing	—			—			828			—			—
Other real estate owned:
One–to–four family residential real estate loans	1,565			2,281			2,433			2,619			2,621
Multi–family real estate	370			393			737			737			951
Nonresidential real estate	1,066			780			1,065			1,135			1,747
Land	894			927			1,138			1,138			1,692
Other real estate owned	3,895			4,381			5,373			5,629			7,011
Nonperforming assets	$	7,191		$	8,297		$	10,601		$	11,050		$	10,583
Asset Quality Ratios
Nonperforming assets to total assets	0.44		%	0.54		%	0.71		%	0.73		%	0.70		%
Nonperforming loans to total loans	0.25			0.31			0.43			0.44			0.29
Nonperforming commercial-related loans to total commercial-related loans (2)	0.04			0.11			0.24			0.19			0.10
Nonperforming residential and consumer loans to total residential and consumer loans	2.08			1.87			1.75			2.15			1.52
Allowance for loan losses to nonperforming loans	246.57			212.82			170.52			173.69			271.30
Concentrations of Credit
Commercial Real Estate for FFEIC Concentration Limits	$	690,879		$	658,887		$	662,493		$	685,732		$	682,012
% FFIEC Total Capital	410.96		%	399.18		%	410.28		%	392.73		%	398.28		%
Multi–family mortgage loans - 50% risk based capital qualified (included above)	$	305,436		$	269,641		$	246,117		$	238,922		$	233,409
% FFIEC Total Capital	181.68		%	163.36		%	152.42		%	136.84		%	136.31		%
Commercial Leases - Investment Grade	$	268,022		$	215,237		$	199,020		$	182,057		$	170,100
Commercial Leases - Other	84,517			89,516			83,609			90,792			95,305

(1) Purchased impaired loans are combined with nonaccrual loans in the above table.

(2) Commercial-related loans include Multi-family mortgage, Nonresidential, Construction, Land and Commercial loans and Leases.

Page 5

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2016												2015
	IVQ			IIIQ			IIQ			IQ			IVQ
SUBSTANDARD PERFORMING LOANS
One–to–four family residential real estate loans	$	670		$	475		$	335		$	440		$	847
Multi–family mortgage loans	1,048			2,119			2,025			3,347			5,167
Nonresidential real estate loans	1,845			2,407			3,194			4,981			4,981
Construction and land loans	—			—			830			—			842
Commercial loans	66			75			225			137			614
Consumer loans	—			—			2			—			—
	$	3,629		$	5,076		$	6,611		$	8,905		$	12,451
PERFORMING LOANS GREATER THAN 30 DAYS PAST DUE
30 – 59 days past due	$	2,237		$	685		$	171		$	3,012		$	2,036
60 – 89 days past due	617			419			71			30			926
Matured Loans	270			784			277			1,387			1,467
	$	3,124		$	1,888		$	519		$	4,429		$	4,429
ALLOWANCE FOR LOAN LOSSES
Beginning balance	$	8,334		$	8,915		$	9,416		$	9,691		$	10,081
Charge offs:
One–to–four family residential real estate loans	(30		)	(102		)	(355		)	(52		)	(59		)
Multi–family mortgage loans	(28		)	—			(6		)	(45		)	(9		)
Nonresidential real estate loans	(3		)	(55		)	(1,657		)	(3		)	(102		)
Commercial loans	—			—			—			—			(54		)
Consumer loans	(1		)	(6		)	(2		)	(16		)	(5		)
	(62		)	(163		)	(2,020		)	(116		)	(229		)
Recoveries:
One–to–four family residential real estate loans	229			5			6			81			407
Multi–family mortgage loans	6			10			9			137			5
Nonresidential real estate loans	—			39			161			—			460
Construction and land loans	—			—			—			35			—
Commercial loans	159			45			28			77			5
Commercial leases	—			7			—			—			—
Consumer loans	—			1			—			1			—
	394			107			204			331			877
Net (charge–offs) recoveries	332			(56		)	(1,816		)	215			648
Provision for (recovery of ) loan losses	(539		)	(525		)	1,315			(490		)	(1,038		)
Ending balance	$	8,127		$	8,334		$	8,915		$	9,416		$	9,691
Allowance for loan losses to total loans	0.62		%	0.67		%	0.73		%	0.76		%	0.78		%
Net (charge–off) recovery ratio (1)	0.11			(0.02		)	(0.60		)	0.07			0.22

(1) Annualized

Page 6

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2016												2015
	IVQ			IIIQ			IIQ			IQ			IVQ
DEPOSITS
Noninterest–bearing demand	$	249,539		$	234,652		$	231,928		$	238,848		$	254,830
Savings deposits	160,002			155,199			158,669			161,554			156,752
Money market accounts	311,183			320,814			315,615			323,197			329,654
Interest–bearing NOW accounts	267,054			263,286			258,083			247,434			248,982
Certificates of deposits - retail	220,602			223,642			223,948			221,101			211,010
Certificates of deposits - wholesale	131,010			119,102			80,359			72,555			11,691
	$	1,339,390		$	1,316,695		$	1,268,602		$	1,264,689		$	1,212,919
SELECTED AVERAGE BALANCES
Total average assets	$	1,576,345		$	1,511,475		$	1,510,115		$	1,513,683		$	1,448,857
Total average interest–earning assets	1,481,775			1,414,736			1,413,161			1,414,008			1,348,782
Average loans	1,253,224			1,225,480			1,210,726			1,238,270			1,175,723
Average securities	99,767			106,904			108,865			118,557			107,344
Average stock in FHLB & FRB	8,133			6,257			6,257			6,257			6,257
Average other interest–earning assets	120,651			76,095			87,313			50,924			59,458
Total average interest–bearing liabilities	1,108,181			1,052,916			1,037,781			1,037,730			971,000
Average interest–bearing deposits	1,088,265			1,050,935			1,034,674			962,823			951,631
Average borrowings	19,916			1,981			3,107			74,907			19,369
Average stockholders’ equity	205,071			206,237			209,231			212,322			213,858
SELECTED YIELDS AND COST OF FUNDS (1):
Total average interest–earning assets	3.42		%	3.61		%	3.58		%	3.63		%	3.65		%
Average loans	3.87			4.02			4.02			4.01			4.06
Average securities	1.20			1.14			1.13			1.07			1.07
Average other interest–earning assets	0.78			0.73			0.75			0.69			0.51
Total average interest–bearing liabilities	0.41			0.38			0.37			0.33			0.30
Average interest–bearing deposits	0.41			0.38			0.37			0.33			0.30
Average borrowings	0.64			0.40			0.26			0.37			0.25
Net interest rate spread	3.01			3.23			3.21			3.30			3.35
Net interest margin	3.11			3.33			3.31			3.39			3.43

(1)     Annualized

Page 7

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2016												2015
	IVQ			IIIQ			IIQ			IQ			IVQ
CAPITAL RATIOS
BankFinancial Corporation
Equity to total assets (end of period)	12.64		%	13.22		%	13.78		%	13.86		%	14.04		%
Tangible equity to tangible total assets (end of period)	12.60			13.17			13.72			13.79			13.97
Risk–based total capital ratio	16.96			17.64			18.09			17.80			17.89
Common Tier 1 (CET1)	16.25			16.87			17.26			16.95			17.01
Risk–based tier 1 capital ratio	16.25			16.87			17.26			16.95			17.01
Tier 1 leverage ratio	11.92			12.28			12.41			12.53			13.26
Tier 1 capital	$	185,718		$	183,092		$	184,695		$	186,964		$	189,044
BankFinancial, NA
Risk–based total capital ratio	14.72		%	15.21		%	15.09		%	15.83		%	15.41		%
Common Tier 1 (CET1)	14.01			14.44			14.26			14.98			14.54
Risk–based tier 1 capital ratio	14.01			14.44			14.26			14.98			14.54
Tier 1 leverage ratio	10.27			10.51			10.25			11.08			11.33
Tier 1 capital	$	159,986		$	156,725		$	152,559		$	165,183		$	161,545
COMMON STOCK AND DIVIDENDS
Stock Prices:
Close	$	14.82		$	12.70		$	11.99		$	11.82		$	12.63
High	15.12			12.80			12.89			13.29			13.22
Low	12.15			11.75			11.38			11.42			12.10
Common shares outstanding	19,233,760			19,271,211			19,678,697			19,939,500			20,297,317
Book value per share	$	10.65		$	10.57		$	10.50		$	10.51		$	10.46
Tangible book value per share	$	10.61		$	10.52		$	10.45		$	10.45		$	10.40
Cash dividends declared on common stock	$	0.06		$	0.05		$	0.05		$	0.05		$	0.04
Dividend payout ratio	51.09		%	38.82		%	119.60		%	53.50		%	38.59		%
Stock repurchases	$	520		$	5,022		$	3,280		$	4,393		$	2,582
Stock repurchases – shares	37,451			407,486			260,803			357,817			204,649
EARNINGS PER SHARE COMPUTATIONS
Net income	$	2,259		$	2,508		$	831		$	1,904		$	2,116
Average common shares outstanding	19,257,435			19,460,022			19,827,581			20,155,541			20,428,979
Less: Unearned ESOP shares	(645,751		)	(670,351		)	(694,773		)	(719,109		)	(743,659		)
Unvested restricted stock shares	(940		)	(940		)	(2,690		)	(7,881		)	(7,932		)
Weighted average common shares outstanding	18,610,744			18,788,731			19,130,118			19,428,551			19,677,388
Plus: Dilutive common shares equivalents	170,683			323			317			2,939			25,141
Weighted average dilutive common shares outstanding	18,781,427			18,789,054			19,130,435			19,431,490			19,702,529
Basic earnings per common share	$	0.12		$	0.13		$	0.04		$	0.10		$	0.11
Diluted earnings per common share	$	0.12		$	0.13		$	0.04		$	0.10		$	0.11
Number of anti–dilutive stock options excluded from the diluted earnings per share calculation	—			536,459			536,459			1,752,156			536,459
Weighted average exercise price of anti–dilutive options	$	—		$	12.99		$	12.99		$	12.30		$	12.99

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BANKFINANCIAL CORPORATION

NON–GAAP FINANCIAL MEASURES

BankFinancial Corporation, a Maryland corporation (“the Company”) utilizes a number of different financial measures, both GAAP and non–GAAP, in making operating, budgeting and planning decisions for future periods. Generally, a non–GAAP financial measure is a numerical measure of a company’s performance, financial position or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with generally accepted accounting principles in the United States, or GAAP. The Company believes that the use of the non–GAAP financial measures described below provides the Board of Directors and management, and may provide some investors, with a more complete understanding of the Company’s operating results and trends, and facilitate comparisons to historical and peer performance. The Company’s non–GAAP financial measures should be considered supplemental in nature and should not be considered in isolation, or as superior to or a substitute for, financial measures that are prepared in accordance with GAAP. In addition, the Company’s non–GAAP financial measures may differ from similar non–GAAP financial measures that are used by other companies, thus limiting their usefulness as a comparative tool.

These measures include pre–tax pre–provision earnings from adjusted operations and pre–tax pre–provision earnings from adjusted operations to average total assets. Management believes that by excluding equity-based compensation expense, other real estate owned related income and expense items and nonperforming asset management expenses from noninterest expense, these measures better reflect our adjusted operating performance.

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BANKFINANCIAL CORPORATION

NON-GAAP FINANCIAL MEASURES

(Dollars in thousands, except per share) - (Unaudited)

	Three Months Ended December 31,						Year Ended December 31,
	2016			2015			2016			2015
Pre–tax pre–provision earnings from adjusted operations
Income before income taxes	$	3,717		$	3,299		$	12,200		$	14,100
Recovery of loan losses	(539		)	(1,038		)	(239		)	(3,206		)
	3,178			2,261			11,961			10,894
Adjustments:
Equity-based compensation	107			306			982			638
Nonperforming asset management	99			239			399			681
Loss (gain) on sale of other real estate owned	(113		)	33			(128		)	(58		)
Valuation adjustments of other real estate owned	70			81			314			548
Operations of other real estate owned	121			169			660			573
Adjustments	284			828			2,227			2,382
Pre–tax pre–provision earnings from adjusted operations	$	3,462		$	3,089		$	14,188		$	13,276
Pre–tax pre–provision earnings from adjusted operations to average total assets (1)	0.88		%	0.85		%	0.93		%	0.92		%

(1) Annualized

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BANKFINANCIAL CORPORATION

NON-GAAP FINANCIAL MEASURES

(Dollars in thousands, except per share) - (Unaudited)

FOR THE LATEST FIVE QUARTERS

	2016												2015
	IVQ			IIIQ			IIQ			IQ			IVQ
Pre–tax pre–provision earnings from adjusted operations
Income before income taxes	$	3,717		$	4,081		$	1,345		$	3,057		$	3,299
Recovery of loan losses	(539		)	(525		)	1,315			(490		)	(1,038		)
	3,178			3,556			2,660			2,567			2,261
Adjustments:
Equity-based compensation	107			107			391			377			306
Nonperforming asset management	99			89			127			84			239
Loss (gain) on sale of other real estate owned	(113		)	(15		)	(38		)	38			33
Valuation adjustments of other real estate owned	70			115			10			119			81
Operations of other real estate owned	121			143			177			219			169
	284			439			667			837			828
Pre–tax pre–provision earnings from adjusted operations	$	3,462		$	3,995		$	3,327		$	3,404		$	3,089
Pre–tax pre–provision earnings from adjusted operations to average total assets (1)	0.88		%	1.06		%	0.88		%	0.90		%	0.85		%

(1) Annualized

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