BankFinancial (BFIN) 8-K BankFinancial Corporation Reports Financial Results for 2022 and

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)

	2022												2021
	IVQ			IIIQ			IIQ			IQ			IVQ
PERFORMANCE MEASUREMENTS
Return on assets (ratio of net income to average total assets) (1)		0.86	%		0.79	%		0.62	%		0.30	%		0.57	%
Return on equity (ratio of net income to average equity) (1)		9.01			8.31			6.64			3.24			6.00
Net interest rate spread (1)		3.39			3.42			3.00			2.66			2.75
Net interest margin (1)		3.59			3.52			3.07			2.73			2.81
Efficiency ratio (2)		65.12			69.70			73.01			84.20			79.50
Noninterest expense to average total assets (1)		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	$	12,046		$	11,753		$	10,655		$	9,722		$	9,095
Interest-bearing deposits in other financial institutions		54,725			204,378			259,816			391,280			493,067
Securities, at fair value		210,338			199,339			158,951			132,634			85,694
Loans receivable, net		1,226,743			1,141,799			1,142,743			1,055,069			1,044,207
Foreclosed assets, net		476			524			842			968			725
Stock in Federal Home Loan Bank and Federal Reserve Bank, at cost		7,490			7,490			7,490			7,490			7,490
Premises and equipment, net		24,956			24,949			25,103			24,939			25,043
Bank-owned life insurance		18,815			18,879			18,893			19,157			19,129
Deferred taxes		5,175			5,156			4,261			3,750			2,762
Other assets		14,373			14,957			16,132			15,143			13,470
Total assets	$	1,575,137		$	1,629,224		$	1,644,886		$	1,660,152		$	1,700,682
LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits	$	1,374,934		$	1,425,258		$	1,444,750		$	1,461,605		$	1,488,431
Borrowings		—			—			—			5,000			5,000
Subordinated Notes, net of unamortized issuance costs		19,634			19,623			19,612			19,601			19,590
Other liabilities		28,898			33,273			26,394			20,051			30,195
Total liabilities		1,423,466			1,478,154			1,490,756			1,506,257			1,543,216
Stockholders’ equity		151,671			151,070			154,130			153,895			157,466
Total liabilities and stockholders’ equity	$	1,575,137		$	1,629,224		$	1,644,886		$	1,660,152		$	1,700,682

⁽¹⁾ Annualized

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

Page 1

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2022										2021			For the years ended December 31,
	IVQ			IIIQ			IIQ		IQ		IVQ			2022			2021
SUMMARY STATEMENT OF OPERATIONS
Total interest income	$	16,064		$	14,930		$	12,884	$	11,418	$	12,073		$	55,296		$	46,566
Total interest expense		2,076			1,008			754		643		686			4,481			2,794
Net interest income		13,988			13,922			12,130		10,775		11,387			50,815			43,772
Provision for (recovery of) loan losses		743			350			459		276		(221	)		1,828			(1,240	)
Net interest income after provision for (recovery of) loan losses		13,245			13,572			11,671		10,499		11,608			48,987			45,012
Noninterest income		1,406			1,287			1,839		1,444		1,631			5,976			5,689
Noninterest expense		10,039			10,601			10,199		10,289		10,349			41,128			40,943
Income before income tax		4,612			4,258			3,311		1,654		2,890			13,835			9,758
Income tax expense (1)		1,174			1,037			744		386		519			3,341			2,348
Net income	$	3,438		$	3,221		$	2,567	$	1,268	$	2,371		$	10,494		$	7,410
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		$	3,271		$	3,184
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			1,153			1,136
(Loss) earnings on bank-owned life insurance		(64	)		(14	)		11		28		32			(39	)		114
Bank-owned life insurance death benefit		—			—			446		—		—			446			—
Other		120			114			95		188		114			517			489
Total noninterest income	$	1,406		$	1,287		$	1,839	$	1,444	$	1,631		$	5,976		$	5,689
Noninterest Expense
Compensation and benefits	$	5,366		$	5,241		$	5,489	$	5,480	$	5,827		$	21,576		$	22,638
Office occupancy and equipment		1,944			1,970			1,933		2,134		1,711			7,981			7,524
Advertising and public relations		202			138			208		142		195			690			742
Information technology		926			894			895		851		871			3,566			3,083
Professional fees		262			245			412		373		312			1,292			1,336
Supplies, telephone, and postage		342			342			362		347		391			1,393			1,615
FDIC insurance premiums		111			134			106		116		133			467			478
Other		886			1,637			794		846		909			4,163			3,527
Total noninterest expense	$	10,039		$	10,601		$	10,199	$	10,289	$	10,349		$	41,128		$	40,943

⁽¹⁾ 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.  

Page 2

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2022												2021			For the years ended December 31,
	IVQ			IIIQ			IIQ			IQ			IVQ			2022			2021
LOANS
One–to–four family residential real estate	$	23,094		$	24,484		$	26,247		$	28,221		$	30,133
Multi–family mortgage		536,295			481,838			485,742			435,522			426,136
Nonresidential real estate		119,660			115,820			115,983			99,817			103,172
Construction and land		160			160			84			—			—
Commercial loans and leases		552,494			523,669			519,662			496,245			489,512
Consumer		1,584			2,363			1,574			1,572			1,685
		1,233,287			1,148,334			1,149,292			1,061,377			1,050,638
Net deferred loan origination fees and costs		1,585			851			653			478			284
Allowance for loan losses		(8,129	)		(7,386	)		(7,202	)		(6,786	)		(6,715	)
Loans, net	$	1,226,743		$	1,141,799		$	1,142,743		$	1,055,069		$	1,044,207
LOAN ORIGINATIONS (1)
One–to–four family residential real estate	$	215		$	592		$	268		$	348		$	494		$	1,423		$	1,578
Multi–family mortgage		67,888			44,614			75,595			35,661			38,265			223,758			117,727
Nonresidential real estate		7,694			8,947			21,254			5,837			6,522			43,732			15,137
Construction and land		—			76			84			—			—			160			—
Commercial loans		179,421			168,438			183,464			184,290			195,228			715,613			481,252
Equipment finance		90,157			53,982			90,267			30,821			84,072			265,227			260,952
Consumer		544			544			563			496			572			2,147			2,413
	$	345,919		$	277,193		$	371,495		$	257,453		$	325,153		$	1,252,060		$	879,059
Weighted average interest rate		6.88	%		6.26	%		4.87	%		4.56	%		4.07	%		5.67	%		4.12	%
LOAN PAYMENTS and PAYOFFS (2)
One–to–four family residential real estate	$	1,525		$	2,296		$	2,233		$	2,324		$	2,266		$	8,378		$	13,397
Multi–family mortgage		13,465			48,158			26,156			25,598			47,882			113,377			144,535
Nonresidential real estate		3,708			9,460			5,018			8,823			3,760			27,009			20,643
Construction and land		—			—			—			—			499			—			499
Commercial loans		177,205			160,502			197,912			170,543			202,524			706,162			468,712
Equipment finance		64,144			56,779			51,671			38,701			71,088			211,295			183,732
Consumer		541			525			557			587			656			2,210			2,522
	$	260,588		$	277,720		$	283,547		$	246,576		$	328,675		$	1,068,431		$	834,040
Weighted average interest rate		6.97	%		5.88	%		4.94	%		4.42	%		4.26	%		5.56	%		4.33	%

(1)	Loan originations include purchased loans, draws on revolving lines of credit and exclude loan renewals.
(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												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
Equipment finance		1,306			525			610			101			76
Consumer		5			—			—			—			—
Nonaccrual loans		1,403			1,240			933			431			740
Loans past due over 90 days, still accruing		233			415			753			1,531			10
Foreclosed assets, net
Other real estate owned		472			243			274			274			—
Other foreclosed assets		4			281			568			694			725
Foreclosed assets, net		476			524			842			968			725
Nonperforming assets	$	2,112		$	2,179		$	2,528		$	2,930		$	1,475
Asset Quality Ratios
Nonperforming assets to total assets		0.13	%		0.13	%		0.15	%		0.18	%		0.09	%
Nonperforming loans to total loans (1)		0.13			0.14			0.15			0.18			0.07
Nonperforming commercial-related loans to total commercial-related loans (2)		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	$	634,482		$	575,526		$	579,455		$	514,434		$	508,298
% FFIEC total capital		365.95	%		329.27	%		331.26	%		295.56	%		294.98	%
Multi–family mortgage loans - 50% risk based capital qualified (included above)	$	101,052		$	103,745		$	121,717		$	153,558		$	67,548
% FFIEC total capital		58.28	%		59.35	%		69.58	%		88.22	%		39.20	%

⁽¹⁾ Nonperforming loans include nonaccrual loans and loans past due 90 days and still accruing. 

⁽²⁾ Commercial-related loans include multi-family mortgage, nonresidential real estate, 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)

	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		4,041			50			56			63			—
Consumer		4			4			5			3			6
	$	4,371		$	217		$	485		$	499		$	482
ALLOWANCE FOR LOAN LOSSES
Beginning balance	$	7,386		$	7,202		$	6,786		$	6,715		$	6,895
Charge–offs:
One-to-four family residential real estate		—			(71	)		(1	)		(4	)		(3	)
Nonresidential real estate		—			—			—			(192	)		(7	)
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
Nonresidential real estate		—			2			2			—			—
Commercial loans and leases		4			15			—			1			1
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	$	8,129		$	7,386		$	7,202		$	6,786		$	6,715
Allowance for loan losses to total loans		0.66	%		0.64	%		0.63	%		0.64	%		0.64	%
Net recoveries (charge–offs) ratio (1)		—			(0.06	)		(0.02	)		(0.08	)		0.02

⁽¹⁾ Annualized

Page 5

BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2022												2021
	IVQ			IIIQ			IIQ			IQ			IVQ
DEPOSITS
Noninterest–bearing demand	$	280,625		$	307,116		$	311,408		$	339,504		$	342,185
Interest–bearing NOW accounts		400,416			409,135			400,405			384,665			404,326
Money market accounts		302,863			314,436			334,237			330,094			333,369
Savings deposits		204,506			206,048			205,590			207,201			201,633
Certificates of deposit - retail		186,524			188,278			192,616			198,911			203,468
Certificates of deposit - wholesale		—			245			494			1,230			3,450
	$	1,374,934		$	1,425,258		$	1,444,750		$	1,461,605		$	1,488,431
SELECTED AVERAGE BALANCES
Total average assets	$	1,605,375		$	1,632,775		$	1,648,736		$	1,666,086		$	1,673,813
Total average interest–earning assets		1,546,499			1,571,188			1,586,230			1,601,040			1,608,652
Average loans		1,158,474			1,147,154			1,096,005			1,050,668			1,044,246
Average securities		215,359			187,163			141,603			116,360			32,542
Average stock in FHLB & FRB		7,490			7,490			7,490			7,490			7,490
Average other interest–earning assets		165,176			229,381			341,132			426,522			524,374
Total average interest–bearing liabilities		1,123,780			1,139,368			1,148,577			1,151,564			1,160,863
Average interest–bearing deposits		1,104,152			1,119,751			1,126,883			1,126,969			1,136,279
Average borrowings and Subordinated Notes		19,628			19,617			21,694			24,595			24,584
Average stockholders’ equity		152,672			155,000			154,634			156,492			157,961
SELECTED YIELDS AND COST OF FUNDS (1)
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

⁽¹⁾ Annualized

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BANKFINANCIAL CORPORATION

SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA

Latest Five Quarters

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

	2022												2021
	IVQ			IIIQ			IIQ			IQ			IVQ
CAPITAL RATIOS
BankFinancial Corporation (1)
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	$	156,086		$	155,725		$	156,085		$	155,164		$	155,818
BankFinancial, NA (2)
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	$	165,252		$	167,403		$	167,723		$	167,268		$	165,599
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		12,742,597			12,922,174			13,153,485			13,178,485			13,228,485
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	$	1,760		$	2,313		$	254		$	539		$	1,673
Stock repurchases – shares		179,577			231,311			25,000			50,000			145,648
EARNINGS PER SHARE COMPUTATIONS
Net income	$	3,438		$	3,221		$	2,567		$	1,268		$	2,371
Weighted average basic and dilutive common shares outstanding		12,861,529			13,060,266			13,165,023			13,204,041			13,264,374
Basic and diluted earnings per common share	$	0.27		$	0.25		$	0.19		$	0.10		$	0.18

⁽¹⁾ As a small bank holding company, the Company is exempt from the Federal Reserve Board's risk-based capital and leverage rules.  BankFinancial Corporation capital data is included for informational purposes only.  

⁽²⁾ 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. 

Page 7