Filed by MAF Bancorp, Inc. pursuant to
Rule 425 under the Securities Act of 1933.

Subject Company: Fidelity Bancorp, Inc.
(Commission File No. 1-12753)

THE FOLLOWING NEWS RELEASE WAS ISSUED ON JANUARY 28, 2003:

FOR IMMEDIATE RELEASE
- ---------------------

For: MAF Bancorp, Inc. Contacts: Jerry A. Weberling, Chief
55th Street & Holmes Avenue Financial Officer
Clarendon Hills, IL 60514 Michael J. Janssen, Senior
Vice President
www.mafbancorp.com (630) 325-7300

MAF BANCORP REPORTS FOURTH QUARTER EARNINGS OF $.85 PER DILUTED SHARE
AND CALENDAR 2002 RECORD RESULTS OF $3.11 PER DILUTED SHARE

Clarendon Hills, Illinois, January 28, 2003 - MAF Bancorp, Inc. (MAFB) announced
today that earnings per share for the fourth quarter ended December 31, 2002
totaled $.85 per diluted share, up 10.4% from the $.77 per diluted share
reported for last year's fourth quarter. For calendar 2002, the Company reported
record results of $3.11 per diluted share, 21.5% ahead of the results reported
for last year.

The fourth quarter earnings per share improvement compared to last year resulted
primarily from substantially higher net interest income and gains from sale of
loans, as well as increased fee income from deposit accounts. A lower effective
income tax rate also added to earnings. These advances were partially offset by
lower income from real estate development operations, higher amortization
expense and impairment of mortgage servicing rights, a writedown of an
investment security and higher non-interest expenses.

FOURTH QUARTER HIGHLIGHTS:

o Diluted EPS of $.85, up 10% from last year's fourth quarter;
o Net interest margin of 3.08%, a 7 basis point improvement on a
sequential quarter basis and 33 basis points ahead of a year
ago;
o Return on average equity of 16.5% for the quarter;
o Record loan origination volume of $1.2 billion;
o Deposit account service fees of $6.0 million, a 26%
improvement over last year;
o Loan sale volume of $537 million, generating gains of $7.4
million;
o Signing of definitive agreement to acquire Fidelity Bancorp,
Inc.;

Net income for the current quarter totaled $20.3 million, compared to $17.9
million in last year's fourth quarter. Return on average equity and return on
average assets were 16.47% and 1.37%, respectively, in the current quarter
compared to 16.96% and 1.34% in last year's fourth quarter. A decrease in
goodwill amortization expense of $812,000 compared to last year added $.03 per
diluted share to the current quarter's results and resulted from the
implementation of Financial Accounting Standards No. 142 and 147, effective
January 1, 2002.

NET INTEREST INCOME AND NET INTEREST MARGIN

Net interest income for the current quarter totaled $43.0 million compared to
$34.6 million for last year's fourth quarter, an increase of 24.2%. The net
interest margin expanded to 3.08%, seven basis points higher than the 3.01%
reported for the quarter ended September 30, 2002, and considerably higher than
last year's fourth quarter net interest margin of 2.75%. The margin expansion
during the quarter was primarily due to the Company's continued success in
lowering its funding costs, in large part a function of historically low
interest rates. The Company's cost of interest-bearing liabilities was 3.16% for
the quarter, 22 basis points lower than the 3.38% reported for the quarter ended
September 30, 2002 and 107 basis points lower than the 4.23% reported in last
year's fourth quarter. The cost of deposits declined to 2.25% for the quarter
compared to 2.50% in the third quarter of 2002 and 3.51% for the quarter ended
December 31, 2001. The lower deposit costs were principally due to the downward
repricing of certificates of deposit and the success the Company has had in
gathering and retaining low-cost core deposits.

Consistent with the drop in funding costs, asset yields also fell during the
quarter, although their decline was not as significant as the drop in liability
costs. The yield on average interest-earning assets declined by 14 basis points
to 5.94% compared to 6.08% for the quarter ended September 30, 2002 and 6.61% in
last year's fourth quarter. This decline was due to lower mortgage interest
rates driving heavy mortgage loan refinancing activity. During the past three
months, the average yield on the Company's loans receivable balance declined by
17 basis points to 6.29%. This decline was mitigated, however, by the receipt of
$1.5 million in prepayment penalty income on various fixed-rate mortgage loans
during the quarter. Although the heavy loan refinancing activity reduced asset
yields, the Bank's strong asset-generation capabilities allowed it to reinvest
these loan prepayments in new loans, contributing to strong loan sale profits.

The net interest margin was also positively impacted by the Federal Home Loan
Bank of Chicago's declaration of a fourth quarter dividend on its stock at an
annual rate of 6%, or 100 basis points higher than the quarter ended September
30, 2002. At December 31, 2002, the Company had an investment in FHLB stock of
$170 million.

Average interest-earning assets in the current quarter grew to $5.60 billion,
compared to $5.46 billion reported for the quarter ended September 30, 2002 and
$5.05 billion reported for the fourth quarter of 2001. An increase in average
loans receivable balances of $131 million during the past three months was the
primary contributor to this asset growth.

LENDING PRODUCTION

Loan origination volume totaled $1.19 billion in the current quarter, 25% ahead
of the $955.0 million reported for the quarter ended December 31, 2001 and 9.0%
ahead of the $1.09 billion in loan production reported in the third quarter of
2002. Historically low mortgage interest rates led to large refinancing volumes.
Long-term fixed rate loans remained attractive to consumers and loan sale
activity in the quarter was strong, as the Company generally sells fixed-rate
loans into the secondary market. The Company currently expects loan origination
activity to continue to be strong into the first half of 2003, with
corresponding heavy loan sale volumes and strong loan sale profits.

NON-INTEREST INCOME

Non-interest income decreased to $14.4 million in the current quarter, compared
to $16.7 million reported for the quarter ended December 31, 2001. Higher
amortization expense and impairment of mortgage servicing rights, lower income
from real estate development operations and a writedown on an investment
security all contributed to the lower non-interest income. These declines were
offset in part by increases in deposit account service fees, gain on sales of
loans and other income.

DEPOSIT ACCOUNT SERVICE FEES. Deposit account service fees totaled $6.0 million
for the current quarter, up 26.2% from the $4.8 million reported for the quarter
ended December 31, 2001. The continued strong growth in deposit account fee
income was driven by fee increases and expansion of the Bank's checking account
base through the Mid Town Bancorp acquisition, new branches and internal sales
efforts. Checking accounts totaled 154,000 at December 31, 2002, 9.5% higher
than a year ago.

REAL ESTATE DEVELOPMENT OPERATIONS. The Company's real estate development
operations contributed $2.9 million to non-interest income in the current
quarter compared to $6.0 million in last year's fourth quarter. The real estate
income for the current quarter resulted from closings on 16 real estate lot
sales in the TallGrass of Naperville subdivision, which generated income of
approximately $700,000. In addition, the sale of a commercial parcel in the
TallGrass development added $2.2 million to non-interest income. As of December
31, 2002, a total of 49 lots remained in the 952-lot TallGrass subdivision. The
Company has also begun development in its new 326-lot Shenandoah subdivision in
Plainfield, IL. To date, the Company has offered for sale a total of 159 lots in
the first unit of this development. At December 31, 2002, 96 lots were under
contract and are expected to close in the first half of 2003.

LOAN SALE GAINS AND LOAN SERVICING. Loan sale volume in the current quarter
increased substantially to $536.9 million compared to $283.6 million for the
quarter ended December 31, 2001 and $261.7 million in the third quarter of 2002.
With this increased sale volume, along with higher margins, gains on sales of
mortgage loans more than doubled compared to last year's fourth quarter,
totaling $7.4 million in the current quarter compared to $3.4 million

a year ago. Increased prepayment rates in the Bank's loans serviced for others
portfolio due to higher loan refinancings reduced the value of mortgage
servicing rights as of December 31, 2002, resulting in the establishment of an
additional $650,000 impairment reserve on existing mortgage loan servicing
rights. In addition to this charge, heavy loan prepayments led to increased
amortization of mortgage servicing rights resulting in $1.7 million of loan
servicing fee expense, net of servicing fees, compared to $378,000 last year.

INVESTMENT SECURITIES LOSSES AND OTHER INCOME. Losses from investment securities
totaled $3.0 million in the current quarter, or $.08 per diluted share,
resulting from the writedown of an $8.5 million floating-rate debt security that
is in default following its maturity in the fourth quarter. The security is
secured by various aircraft leased to a major carrier that filed for bankruptcy
in the fourth quarter. Other non-interest income increased 17.1% to $2.7 million
compared to $2.3 million in last year's fourth quarter. The increase is
primarily due to higher loan fees and income from the Bank's mortgage
reinsurance subsidiary.

NON-INTEREST EXPENSE

The ratio of total non-interest expense to average assets was 1.75% for the
current quarter, compared to 1.69% in last year's fourth quarter and 1.76% in
the quarter ended September 30, 2002. The Company's efficiency ratio, a measure
of the amount of expense needed to generate each dollar of revenue, was 43.1%
for the current quarter, compared to 43.9% in last year's fourth quarter and
45.8% for the quarter ended September 30, 2002. These ratios exclude the effect
of gains, losses and writedowns on investment securities.

Non-interest expense totaled $26.0 million in the current quarter, compared to
$22.5 million reported in last year's fourth quarter. Compensation and benefits
expense totaled $15.4 million in the current quarter, compared to $13.0 million
a year ago. This increase was primarily due to increased employee headcount from
the Mid Town acquisition and three new branch openings, normal salary increases,
higher medical costs and increased loan staffing and commission costs. Occupancy
expenses increased by $654,000 in the current quarter compared to the comparable
period a year ago, primarily the result of the additional Mid Town branch
locations and other new branch locations opened by the Bank in the past year.
Other non-interest expense increased by $1.0 million in the current quarter
compared to last year's fourth quarter. The largest components of this increase
were higher check losses and increased postage, telephone and loan expenses.

Income tax expense totaled $10.8 million in the current quarter, equal to an
effective income tax rate of 34.7%, compared to $10.9 million or an effective
tax rate of 37.9% for the quarter ended December 31, 2001. The decline in the
effective tax rate was primarily due to the decline in non-deductible goodwill
amortization expense, tax benefits related to a change in ESOP provisions and
increased income from bank-owned life insurance.

CREDIT QUALITY

Non-performing assets declined during the past three months to $27.8 million, or
..47% of total assets, compared to $29.6 million or .50% of total assets at
September 30, 2002. A year ago, non-performing assets totaled $20.9 million, or
..37% of total assets. The Company recorded a provision for loan losses of
$300,000 in the current quarter, and recorded $275,000 of net charge-offs. The
Bank's allowance for loan losses was $19.5 million at December 31, 2002, equal
to 77% of total non-performing loans, 70% of total non-performing assets and
..45% of total loans receivable. At December 31, 2002, 89% of the Company's loan
portfolio consisted of loans secured by one-to-four family residential
properties, including 9% relating to home equity loans and equity lines of
credit. A total of 93% of non-performing assets consisted of loans secured by
one-to-four family residential properties and one-to-four family foreclosed real
estate.

BALANCE SHEET & CAPITAL

Total assets at December 31, 2002, were $5.94 billion, approximately $35 million
higher than the level reported at September 30, 2002. Loan balances, which
totaled $4.53 billion at December 31, 2002, were $56 million lower than the
$4.59 billion balance three months ago. This stability was attributable to
strong asset generation largely offsetting heavy loan refinancings. Loan balance
declines were offset by increases in the balance of mortgage-backed securities,
which totaled $365.6 million at December 31, 2002, $82.5 million higher than the
$283.2 million reported three months ago. Total deposits increased to $3.75
billion, $54 million higher than the $3.70 billion reported at September 30,
2002. The Bank continues to be successful in its efforts to grow its core
deposits. At

December 31, 2002, core deposits, comprised of checking, savings and money
market accounts, accounted for 56.4% of total deposits, compared to 51.8% at
December 31, 2001.

Borrowed funds totaled $1.56 billion at December 31, 2002 down modestly from
$1.59 billion reported three months earlier. Total stockholders' equity
increased by $19.3 million over the past three months, totaling $501.5 million
at December 31, 2002. The book value per share at December 31, 2002 was $21.57
and the tangible book value per share was $17.18.

The Company previously announced a 500,000 share repurchase plan during the
third quarter of 2001 of which 466,200 shares are remaining under the
authorization. During the current quarter, the Company did not repurchase any
shares of its common stock. The Bank's tangible, core and risk-based capital
percentages of 6.78%, 6.78% and 11.85%, respectively, at December 31, 2002
exceeded all minimum regulatory capital requirements.

RESULTS FOR THE YEAR ENDED DECEMBER 31, 2002

Diluted earnings per share for 2002 were a record $3.11 per share, 21.5% higher
than the 2001 results of $2.56 per share. Net income totaled $74.0 million
compared to $59.5 million in calendar 2001, an increase of 24.4%. Return on
equity improved in the current year to 15.83% compared to 14.82% last year. The
earnings improvement was due to substantial increases in net interest income,
higher revenues from deposit account service fees, higher loan sale gains and
the impact of the adoption of SFAS No. 142 and 147. These improvements were
offset by higher mortgage servicing impairment charges and related expenses,
lower real estate development income and higher operating expenses.

Net interest income improved by $26.8 million year-over-year, or approximately
20.4% as the net interest margin expanded by 29 basis points to 2.93% compared
to 2.64% for calendar 2001 and average interest earning assets grew by 8.7%.
The general decline in interest rates and a steeper U.S. Treasury yield curve
led to these results as funding costs fell faster than asset yields during the
year.

Gains on sales of loans totaled a record $16.3 million in calendar 2002, $7.6
million higher than the results from 2001. Strong loan refinancing activity and
consumers' preference for fixed-rate mortgage loans, which the Company generally
sells, led to the higher loan sale profits. Loan volume for calendar 2002 was a
record $3.7 billion, more than 30% higher than the totals for 2001. With the
heavy loan refinancings in 2002, however, mortgage servicing-related expenses
increased considerably. Aggregate mortgage servicing impairment charges and
related amortization expenses were $4.8 million in 2002 compared to $1.3 million
last year.

Deposit account service fees totaled $22.2 million for the year ended December
31, 2002, 34.5% ahead of last year's results. This continues to be one of the
Company's most consistent revenue growth areas. Income from real estate
development operations was $9.7 million in the current year, compared to $11.5
million in 2001. Although down from last year's record results, the Company
continued to enjoy substantial demand for its real estate lots during the year
and currently expects to report higher real estate lot sale revenues in 2003.

Non-interest expense totaled $99.3 million in 2002, up 19.1% from the $83.4
million reported in calendar 2001. Compensation expense totaled $59.1 million in
the current year compared to $48.2 million last year, the result of general
increases in salaries and benefits costs, increases in costs associated with the
Mid Town Bancorp acquisition, three new branches and higher staffing costs
resulting from the large increase in loan volume. Occupancy expenses and other
non-interest expenses also showed large year-over-year increases, for reasons
cited in the discussion of the fourth quarter's results. Legal and professional
expenses of approximately $800,000 attributable to resolution of the U.S.
Department of Justice's review of the Company's mortgage lending practices also
contributed to higher operating expenses. Goodwill amortization expense declined
by $3.2 million in 2002, or $.13 per diluted share from adoption of SFAS No. 142
and No. 147. The efficiency ratio for 2002 improved to 46.4% compared to 47.0%
last year.

OUTLOOK FOR 2003

In providing its first outlook for 2003, the Company indicated it currently
expects earnings to be in the range of $3.30-$3.35 per diluted share, or an
increase of 6%-8% over 2002. For the quarter ending March 31, 2003,

management currently expects to report results in the range of $.84-$.87 per
diluted share, including income from real estate operations of $1.3-$1.7
million.

The Company's projections for 2003 assume modest balance sheet growth, lower
loan origination and loan sale volumes and a relatively unchanged yield curve.
Based on the Company's expectation that the economy remains sluggish and the
Federal Reserve does not begin tightening monetary policy until the fourth
quarter of 2003, management expects the net interest margin for 2003 to be in a
range of 2.82%-2.90%. The Company expects to report continued strong growth in
fee income in 2003 and is currently projecting income from real estate
development operations in the range of $12-$13 million for 2003. The projections
also assume housing and mortgage activity in the Bank's markets will remain
strong and credit quality will remain good.

On December 17, 2002, the Company announced it had reached an agreement to
acquire Fidelity Bancorp in an all-stock transaction valued at approximately
$101 million on the date of announcement. As previously disclosed, the Company
expects this transaction to close in mid-2003 and be neutral to earnings per
share for 2003. At December 31, 2002, Fidelity had assets of $730 million,
deposits of $463 million and five branch offices in the Chicago area.

As previously announced on December 30, 2002, Mid America Bank reached an
agreement with the U.S. Department of Justice that ended an inquiry into the
Bank's home mortgage lending practices during the 1996-2000 period. As specified
in the announcement, the Bank will undertake a number of actions over the next
five years to promote its home mortgage lending in communities with significant
minority populations. The estimated costs for 2003 associated with this
agreement are reflected in the Company's 2003 earnings outlook.

MAF Bancorp is the parent company of Mid America Bank, a federally chartered
stock savings bank. The Bank operates a network of 34 retail banking offices
primarily in Chicago and its western suburbs. The Company's common stock trades
on the Nasdaq Stock Market under the symbol MAFB.

Forward-Looking Information
---------------------------

Statements contained in this news release that are not historical facts
constitute forward-looking statements (within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended), which involve significant risks
and uncertainties. The Company intends such forward-looking statements to be
covered by the safe harbor provisions for forward-looking statements contained
in the Private Securities Litigation Reform Act of 1995, and is including this
statement for purposes of invoking these safe harbor provisions. Forward-looking
statements, which are based on certain assumptions and describe future plans,
strategies and expectations of the Company, are generally identifiable by use of
the words "believe," "expect," "intend," "anticipate," "estimate," "project,"
"plan," or similar expressions. The Company's ability to predict results or the
actual effect of future plans or strategies is inherently uncertain and actual
results may differ from those predicted. The Company undertakes no obligation to
update these forward-looking statements in the future. Factors which could have
a material adverse effect on operations and could affect management's outlook or
future prospects of the Company and its subsidiaries include, but are not
limited to, difficulties in achieving anticipated cost savings related to the
operation of the acquired banking offices of Fidelity Bancorp or higher than
expected costs related to the Fidelity transaction, unanticipated changes in
interest rates, deteriorating economic conditions which could result in
increased delinquencies in MAF's or Fidelity's loan portfolio, legislative or
regulatory developments, monetary and fiscal policies of the U.S. Government,
including policies of the U.S. Treasury and the Federal Reserve Board, the
quality or composition of MAF's or Fidelity's loan or investment portfolios,
demand for loan products, secondary mortgage market conditions, deposit flows,
competition, demand for financial services and residential real estate in MAF's
and Fidelity's market areas, unanticipated slowdowns in real estate lot sales or
problems in closing pending real estate contracts, delays in real estate
development projects, the possible short-term dilutive effect of other potential
acquisitions, if any, and changes in accounting principles, policies and
guidelines. These risks and uncertainties should be considered in evaluating
forward-looking statements and undue reliance should not be placed on such
statements.

NOTE: The following notice is included to meet certain legal requirements.
--------------------------------------------------------------------------

MAF will be filing a registration statement containing a proxy
statement/prospectus and other documents regarding the proposed transaction with
Fidelity Bancorp, Inc. with the Securities and Exchange Commission. Fidelity

shareholders are urged to read the proxy statement/prospectus when it becomes
available, because it will contain important information about MAF and Fidelity,
and the proposed transaction. When available, copies of this proxy
statement/prospectus will be mailed to Fidelity shareholders, and it and other
documents filed by MAF or Fidelity with the SEC may be obtained free of charge
at the SEC's web site at http://www.sec.gov, or by directing a request to MAF at
55th Street & Holmes Avenue, Clarendon Hills, IL 60514 or Fidelity at 5455 West
Belmont Avenue, Chicago, Illinois 60641.

MAF BANCORP, INC. AND SUBSIDIARIES
STATEMENTS OF OPERATIONS
(Dollars in thousands, except per share data)

THREE MONTHS ENDED TWELVE MONTHS ENDED
DECEMBER 31, DECEMBER 31,
2002 2001 2002 2001
-------- -------- -------- --------
(UNAUDITED) (UNAUDITED)

Interest income..................................... $83,086 83,389 329,490 345,744
Interest expense.................................... 40,102 48,782 171,465 214,497
------- ------ ------- -------
Net interest income.............................. 42,984 34,607 158,025 131,247
Provision for loan losses........................... 300 - 300 -
------- ------ ------- -------
Net interest income after provision for loan
losses........................................ 42,684 34,607 157,725 131,247
Non-interest income:
Gain (loss) on sale or writedown of:
Loans receivable held for sale................ 7,429 3,416 16,330 8,691
Mortgage-backed securities.................... - - 39 (2)
Investment securities......................... (2,951) 55 80 879
Foreclosed real estate........................ 23 (5) 179 347
Income from real estate operations............... 2,869 6,015 9,717 11,484
Deposit account service charges.................. 6,023 4,772 22,239 16,535
Loan servicing fee expense, net.................. (1,733) (378) (2,472) (371)
Impairment of mortgage servicing rights.......... (650) (150) (2,300) (904)
Brokerage commissions............................ 779 677 2,702 2,371
Other............................................ 2,652 2,264 9,849 8,088
------- ------ ------- -------
Total non-interest income..................... 14,441 16,666 56,363 47,118
Non-interest expense:
Compensation and benefits........................ 15,445 13,003 59,098 48,221
Office occupancy and equipment................... 3,062 2,408 11,670 9,011
Federal deposit insurance premiums............... 159 160 667 617
Data processing.................................. 883 805 3,655 3,103
Advertising and promotion........................ 1,122 957 4,844 4,355
Amortization of goodwill......................... - 812 - 3,245
Amortization of core deposit intangibles......... 408 355 1,649 1,333
Other............................................ 4,955 3,995 17,759 13,539
------- ------ ------- -------
Total non-interest expense.................... 26,034 22,495 99,342 83,424
------- ------ ------- -------
Income before income taxes.................... 31,091 28,778 114,746 94,941
Income taxes........................................ 10,798 10,908 40,775 35,466
------- ------ ------- -------
Net income.................................... $20,293 17,870 73,971 59,475
======= ====== ======= =======

Basic earnings per share............................ $ .87 .79 3.19 2.62
======= ====== ======= =======
Diluted earnings per share.......................... .85 .77 3.11 2.56
======= ====== ======= =======

MAF BANCORP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION
(Dollars in thousands)

DECEMBER 31, DECEMBER 31,
2002 2001
------------ -----------
(UNAUDITED)

ASSETS
- ------
Cash and due from banks......................................................... $ 134,265 $ 82,540
Interest-bearing deposits....................................................... 28,210 29,367
Federal funds sold.............................................................. 100,205 112,765
---------- ----------
Total cash and cash equivalents........................................... 262,680 224,672

Investment securities available for sale, at fair value......................... 308,235 355,461
Stock in Federal Home Loan Bank of Chicago, at cost............................. 169,708 132,081
Mortgage-backed securities available for sale, at fair value.................... 365,638 142,158
Loans receivable held for sale.................................................. 167,780 161,105
Loans receivable, net of allowance for losses of $19,483 and $19,607............ 4,363,152 4,286,470
Accrued interest receivable..................................................... 27,513 28,761
Foreclosed real estate.......................................................... 2,366 1,405
Real estate held for development or sale........................................ 14,938 12,993
Premises and equipment, net..................................................... 72,492 63,815
Other assets.................................................................... 80,713 80,448
Goodwill, net of accumulated amortization of $12,480............................ 94,796 96,851
Core deposit intangibles, net of accumulated amortization of $8,777 and $7,128.. 7,170 8,819
---------- ----------
$5,937,181 $5,595,039
========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
- ------------------------------------

Liabilities:
Deposits..................................................................... 3,751,237 3,557,997
Borrowed funds............................................................... 1,556,500 1,470,500
Advances by borrowers for taxes and insurance................................ 37,700 38,484
Accrued expenses and other liabilities....................................... 90,286 92,185
---------- ----------
Total liabilities......................................................... 5,435,723 5,159,166
---------- ----------
Stockholders' equity:
Preferred stock, $.01 par value; authorized 5,000,000 shares; none
outstanding............................................................... - -
Common stock, $.01 par value; 80,000,000 shares authorized; 25,420,650
shares issued; 23,252,815 and 22,982,634 shares outstanding............... 254 254
Additional paid-in capital...................................................... 204,710 201,468
Retained earnings, substantially restricted..................................... 343,222 286,742
Stock in Gain Deferral Plan; 223,453 shares..................................... 511 511
Accumulated other comprehensive income, net of tax.............................. 4,819 3,672
Treasury stock, at cost; 2,391,288 and 2,661,469 shares......................... (52,058) (56,774)
---------- ----------
Total stockholders' equity................................................ 501,458 435,873
---------- ----------
$5,937,181 $5,595,039
========== ==========

MAF BANCORP, INC. AND SUBSIDIARIES
SELECTED FINANCIAL DATA
(In thousands, except share data)

DECEMBER 31, DECEMBER 31,
2002 2001
------------- -------------

Book value per share.............................................. $ 21.57 $ 18.97
Tangible book value per share..................................... 17.18 14.37
Stockholders' equity to total assets.............................. 8.45% 7.79%
Tangible capital ratio (Bank only)................................ 6.78 6.44
Core capital ratio (Bank only).................................... 6.78 6.44
Risk-based capital ratio (Bank only).............................. 11.85 11.31
Common shares outstanding:
Actual......................................................... 23,252,815 22,982,634
Basic (weighted average)....................................... 23,162,422 22,691,053
Diluted (weighted average)..................................... 23,748,411 23,195,323
Non-performing loans.............................................. $ 25,394 $ 19,451
Non-performing assets............................................. 27,760 20,856
Allowance for loan losses......................................... 19,483 19,607
Non-performing loans to total loans............................... .58% .45%
Non-performing assets to total assets............................. .47 .37
Allowance for loan losses to total loans.......................... .45 .45
Mortgage loans serviced for others................................ $ 2,021,512 $ 1,401,607

THREE MONTHS ENDED TWELVE MONTHS ENDED
DECEMBER 31, DECEMBER 31,
------------------------ -------------------------
2002 2001 2002 2001
---------- ---------- ---------- ----------

Average balance data:
Total assets..................................... $5,935,223 $5,318,109 $5,739,399 $5,214,475
Loans receivable................................. 4,621,352 4,331,868 4,446,989 4,319,795
Interest-earning assets.......................... 5,599,191 5,048,495 5,409,877 4,975,278
Deposits......................................... 3,439,602 3,093,957 3,415,207 2,958,748
Interest-bearing liabilities..................... 5,036,363 4,573,794 4,897,694 4,538,854
Stockholders' equity............................. 492,860 421,466 467,182 401,298
Performance ratios (annualized):
Return on average assets......................... 1.37% 1.34% 1.29% 1.14%
Return on average equity......................... 16.47 16.96 15.83 14.82
Average yield on interest-earning assets......... 5.94 6.61 6.10 6.95
Average cost of interest-bearing liabilities..... 3.16 4.23 3.51 4.73
Interest rate spread............................. 2.78 2.38 2.59 2.22
Net interest margin.............................. 3.08 2.75 2.93 2.64
Average interest-earning assets to average
interest-bearing liabilities.................. 111.18 110.38 110.46 109.62
Non-interest expense to average assets........... 1.75 1.69 1.73 1.60
Non-interest expense to average assets and loans
serviced for others........................... 1.33 1.36 1.33 1.33
Efficiency ratio................................. 43.12 43.92 46.36 47.00
Loan originations and purchases..................... $1,192,583 $ 954,969 $3,691,170 $2,827,594
Loans and mortgage-backed securities sold........... 536,907 283,574 1,375,196 1,019,945
Cash dividends declared per share................... .15 .12 .60 .46