false
0001303942
0001303942
2023-10-30
2023-10-30
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): October 30, 2023
BANKFINANCIAL CORPORATION
(Exact Name of Registrant as Specified in Charter)
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Maryland
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0-51331
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75-3199276
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(State or Other Jurisdiction
of Incorporation)
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(Commission
File No.)
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(I.R.S. Employer
Identification No.)
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60 North Frontage Road, Burr Ridge, Illinois
(Address of Principal Executive Offices)
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60527
(Zip Code)
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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):
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☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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☐
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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☐
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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☐
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Securities registered pursuant to Section 12(b) of the Act:
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Title of each class
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Trading
Symbol(s)
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Name of each exchange on which registered
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Common Stock, par value $0.01 per share
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BFIN
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The NASDAQ Stock Market LLC
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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. ☐
Item 7.01. Regulation FD Disclosure.
BankFinancial Corporation (the “Company”) will review results for the third quarter and nine months ended September 30, 2023 in a conference call and webcast for stockholders and analysts on Wednesday, November 1, 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/BIa678624dd6c64781b4f4d0fa372f043f
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 8.01. Other Events.
On October 30, 2023, the Company issued a press release announcing the filing of its Quarterly Report on Form 10-Q for the third quarter ended September 30, 2023 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.
Item 9.01 Financial Statements and Exhibits.
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Exhibit No.
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Description
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Press Release dated October 30, 2023
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Quarterly Financial and Statistical Supplement
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104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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.
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BANKFINANCIAL CORPORATION
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Dated:
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October 30, 2023 |
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By:
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/s/ F. Morgan Gasior
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F. Morgan Gasior
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Chairman of the Board, Chief Executive Officer and President
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Exhibit 99.1
FOR IMMEDIATE RELEASE
BankFinancial Corporation Reports Financial Results for the Third Quarter 2023 and
Will Host Conference Call and Webcast on Wednesday, November 1, 2023
Burr Ridge, Illinois - (October 30, 2023) BankFinancial Corporation (Nasdaq – BFIN) (the “BankFinancial”) filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 and a Quarterly Financial and Statistical Supplement in Form 8-K with the U.S. Securities and Exchange Commission (the “SEC”) today.
BankFinancial reported net income for the three months ended September 30, 2023 of $2.4 million, or $0.19 per common share, compared to net income of $3.2 million, or $0.25 per common share, for the three months ended September 30, 2022. At September 30, 2023, BankFinancial had total assets of $1.505 billion, total loans of $1.106 billion, total deposits of $1.276 billion and stockholders' equity of $154 million.
The Quarterly Report on Form 10-Q and the 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 third quarter 2023 results in a conference call and webcast for stockholders and analysts on Wednesday, November 1, 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/BIa678624dd6c64781b4f4d0fa372f043f
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 persons unable to participate in the conference call, the webcast will be archived through Wednesday, November 15, 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.
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For Further Information Contact:
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Shareholder, Analyst and Investor Inquiries:
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Media Inquiries:
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Elizabeth A. Doolan
Senior Vice President – Finance
BankFinancial Corporation
Telephone: 630-425-5568
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Gregg T. Adams
President – Marketing & Sales
BankFinancial, NA
Telephone: 630-425-5877
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Exhibit 99.2
BANKFINANCIAL CORPORATION
Third QUARTER 2023
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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2023 |
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2022 |
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IIIQ
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IIQ
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IQ
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IVQ
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IIIQ
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PERFORMANCE MEASUREMENTS
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|
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|
|
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|
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|
|
|
|
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|
Return on assets (ratio of net income to average total assets) (1)
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0.63 |
% |
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0.61 |
% |
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|
0.68 |
% |
|
|
0.86 |
% |
|
|
0.79 |
% |
|
Return on equity (ratio of net income to average equity) (1)
|
|
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6.16 |
|
|
|
6.02 |
|
|
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6.96 |
|
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|
9.01 |
|
|
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8.31 |
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Net interest rate spread (1)
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3.16 |
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|
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3.23 |
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3.41 |
|
|
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3.39 |
|
|
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3.42 |
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Net interest margin (1)
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3.56 |
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3.56 |
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3.66 |
|
|
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3.59 |
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|
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3.52 |
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Efficiency ratio (2)
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76.02 |
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79.11 |
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74.51 |
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65.12 |
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69.70 |
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Noninterest expense to average total assets (1)
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|
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2.86 |
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2.94 |
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|
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2.65 |
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|
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2.50 |
|
|
|
2.60 |
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Average interest–earning assets to average interest–bearing liabilities
|
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136.78 |
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136.86 |
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135.85 |
|
|
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137.62 |
|
|
|
137.90 |
|
|
Number of full service offices
|
|
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18 |
|
|
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18 |
|
|
|
18 |
|
|
|
20 |
|
|
|
20 |
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|
Employees (full time equivalents)
|
|
|
200 |
|
|
|
198 |
|
|
|
202 |
|
|
|
203 |
|
|
|
199 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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SUMMARY STATEMENT OF FINANCIAL CONDITION
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
ASSETS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and due from other financial institutions
|
|
$ |
19,691 |
|
|
$ |
20,401 |
|
|
$ |
19,963 |
|
|
$ |
12,046 |
|
|
$ |
11,753 |
|
|
Interest-bearing deposits in other financial institutions
|
|
|
151,870 |
|
|
|
94,930 |
|
|
|
57,042 |
|
|
|
54,725 |
|
|
|
204,378 |
|
|
Securities, at fair value
|
|
|
158,425 |
|
|
|
169,647 |
|
|
|
170,239 |
|
|
|
210,338 |
|
|
|
199,339 |
|
|
Loans receivable, net
|
|
|
1,105,604 |
|
|
|
1,170,767 |
|
|
|
1,225,288 |
|
|
|
1,226,743 |
|
|
|
1,141,799 |
|
|
Foreclosed assets, net
|
|
|
902 |
|
|
|
950 |
|
|
|
1,393 |
|
|
|
476 |
|
|
|
524 |
|
|
Stock in Federal Home Loan Bank and Federal Reserve Bank, at cost
|
|
|
7,490 |
|
|
|
7,490 |
|
|
|
7,490 |
|
|
|
7,490 |
|
|
|
7,490 |
|
|
Premises held-for-sale
|
|
|
540 |
|
|
|
540 |
|
|
|
1,246 |
|
|
|
— |
|
|
|
— |
|
|
Premises and equipment, net
|
|
|
22,914 |
|
|
|
22,957 |
|
|
|
22,955 |
|
|
|
24,956 |
|
|
|
24,949 |
|
|
Bank-owned life insurance
|
|
|
18,556 |
|
|
|
18,644 |
|
|
|
18,731 |
|
|
|
18,815 |
|
|
|
18,879 |
|
|
Deferred taxes
|
|
|
4,979 |
|
|
|
5,476 |
|
|
|
5,395 |
|
|
|
5,480 |
|
|
|
5,428 |
|
|
Other assets
|
|
|
14,483 |
|
|
|
14,894 |
|
|
|
14,368 |
|
|
|
14,373 |
|
|
|
14,957 |
|
|
Total assets
|
|
$ |
1,505,454 |
|
|
$ |
1,526,696 |
|
|
$ |
1,544,110 |
|
|
$ |
1,575,442 |
|
|
$ |
1,629,496 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposits
|
|
$ |
1,275,828 |
|
|
$ |
1,303,720 |
|
|
$ |
1,315,214 |
|
|
$ |
1,374,934 |
|
|
$ |
1,425,258 |
|
|
Borrowings
|
|
|
25,000 |
|
|
|
25,000 |
|
|
|
35,000 |
|
|
|
— |
|
|
|
— |
|
|
Subordinated notes, net of unamortized issuance costs
|
|
|
19,667 |
|
|
|
19,656 |
|
|
|
19,645 |
|
|
|
19,634 |
|
|
|
19,623 |
|
|
Other liabilities
|
|
|
31,204 |
|
|
|
26,017 |
|
|
|
21,892 |
|
|
|
29,203 |
|
|
|
33,545 |
|
|
Total liabilities
|
|
|
1,351,699 |
|
|
|
1,374,393 |
|
|
|
1,391,751 |
|
|
|
1,423,771 |
|
|
|
1,478,426 |
|
|
Stockholders’ equity
|
|
|
153,755 |
|
|
|
152,303 |
|
|
|
152,359 |
|
|
|
151,671 |
|
|
|
151,070 |
|
|
Total liabilities and stockholders’ equity
|
|
$ |
1,505,454 |
|
|
$ |
1,526,696 |
|
|
$ |
1,544,110 |
|
|
$ |
1,575,442 |
|
|
$ |
1,629,496 |
|
|
(2)
|
The efficiency ratio represents noninterest expense, divided by the sum of net interest income and noninterest income. |
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
(Dollars in thousands; except per share) – (Unaudited)
| |
|
2023 |
|
|
2022 |
|
| |
|
IIIQ
|
|
|
IIQ
|
|
|
IQ
|
|
|
IVQ
|
|
|
IIIQ
|
|
|
SUMMARY STATEMENT OF OPERATIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest income
|
|
$ |
16,894 |
|
|
$ |
16,178 |
|
|
$ |
16,160 |
|
|
$ |
16,064 |
|
|
$ |
14,930 |
|
|
Total interest expense
|
|
|
3,940 |
|
|
|
3,235 |
|
|
|
2,660 |
|
|
|
2,076 |
|
|
|
1,008 |
|
|
Net interest income
|
|
|
12,954 |
|
|
|
12,943 |
|
|
|
13,500 |
|
|
|
13,988 |
|
|
|
13,922 |
|
|
Provision for (recovery of) credit losses
|
|
|
136 |
|
|
|
(188 |
) |
|
|
48 |
|
|
|
743 |
|
|
|
350 |
|
|
Net interest income after provision for (recovery of) credit losses
|
|
|
12,818 |
|
|
|
13,131 |
|
|
|
13,452 |
|
|
|
13,245 |
|
|
|
13,572 |
|
|
Noninterest income
|
|
|
1,240 |
|
|
|
1,239 |
|
|
|
313 |
|
|
|
1,406 |
|
|
|
1,287 |
|
|
Noninterest expense
|
|
|
10,790 |
|
|
|
11,220 |
|
|
|
10,292 |
|
|
|
10,039 |
|
|
|
10,601 |
|
|
Income before income tax
|
|
|
3,268 |
|
|
|
3,150 |
|
|
|
3,473 |
|
|
|
4,612 |
|
|
|
4,258 |
|
|
Income tax expense
|
|
|
899 |
|
|
|
838 |
|
|
|
840 |
|
|
|
1,174 |
|
|
|
1,037 |
|
|
Net income
|
|
$ |
2,369 |
|
|
$ |
2,312 |
|
|
$ |
2,633 |
|
|
$ |
3,438 |
|
|
$ |
3,221 |
|
|
Basic and diluted earnings per common share
|
|
$ |
0.19 |
|
|
$ |
0.18 |
|
|
$ |
0.21 |
|
|
$ |
0.27 |
|
|
$ |
0.25 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NONINTEREST INCOME AND EXPENSE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest Income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deposit service charges and fees
|
|
$ |
836 |
|
|
$ |
830 |
|
|
$ |
816 |
|
|
$ |
835 |
|
|
$ |
829 |
|
|
Loan servicing fees
|
|
|
98 |
|
|
|
141 |
|
|
|
129 |
|
|
|
240 |
|
|
|
59 |
|
|
Trust insurance commissions and annuities income
|
|
|
290 |
|
|
|
276 |
|
|
|
367 |
|
|
|
266 |
|
|
|
287 |
|
|
(Loss) earnings on bank-owned life insurance
|
|
|
(88 |
) |
|
|
(87 |
) |
|
|
(84 |
) |
|
|
(64 |
) |
|
|
(14 |
) |
|
Losses on sales of securities
|
|
|
— |
|
|
|
— |
|
|
|
(454 |
) |
|
|
— |
|
|
|
— |
|
|
Gain (loss) on sale of premises and equipment
|
|
|
— |
|
|
|
13 |
|
|
|
(4 |
) |
|
|
— |
|
|
|
— |
|
|
Valuation adjustment on bank premises held-for-sale
|
|
|
— |
|
|
|
(32 |
) |
|
|
(553 |
) |
|
|
— |
|
|
|
— |
|
|
Other
|
|
|
104 |
|
|
|
98 |
|
|
|
96 |
|
|
|
129 |
|
|
|
126 |
|
|
Total noninterest income
|
|
$ |
1,240 |
|
|
$ |
1,239 |
|
|
$ |
313 |
|
|
$ |
1,406 |
|
|
$ |
1,287 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest Expense
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compensation and benefits
|
|
$ |
5,369 |
|
|
$ |
5,629 |
|
|
$ |
5,555 |
|
|
$ |
5,366 |
|
|
$ |
5,241 |
|
|
Office occupancy and equipment
|
|
|
2,046 |
|
|
|
2,031 |
|
|
|
2,038 |
|
|
|
1,944 |
|
|
|
1,970 |
|
|
Advertising and public relations
|
|
|
171 |
|
|
|
262 |
|
|
|
190 |
|
|
|
202 |
|
|
|
138 |
|
|
Information technology
|
|
|
944 |
|
|
|
965 |
|
|
|
849 |
|
|
|
926 |
|
|
|
894 |
|
|
Professional fees
|
|
|
366 |
|
|
|
355 |
|
|
|
317 |
|
|
|
262 |
|
|
|
245 |
|
|
Supplies, telephone, and postage
|
|
|
311 |
|
|
|
295 |
|
|
|
359 |
|
|
|
342 |
|
|
|
342 |
|
|
FDIC insurance premiums
|
|
|
222 |
|
|
|
282 |
|
|
|
154 |
|
|
|
111 |
|
|
|
134 |
|
|
Other
|
|
|
1,361 |
|
|
|
1,401 |
|
|
|
830 |
|
|
|
886 |
|
|
|
1,637 |
|
|
Total noninterest expense
|
|
$ |
10,790 |
|
|
$ |
11,220 |
|
|
$ |
10,292 |
|
|
$ |
10,039 |
|
|
$ |
10,601 |
|
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
(Dollars in thousands; except per share) – (Unaudited)
| |
|
2023 |
|
|
2022 |
|
| |
|
IIIQ
|
|
|
IIQ
|
|
|
IQ
|
|
|
IVQ
|
|
|
IIIQ
|
|
|
LOANS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One–to–four family residential real estate
|
|
$ |
19,233 |
|
|
$ |
20,448 |
|
|
$ |
21,475 |
|
|
$ |
23,133 |
|
|
$ |
24,523 |
|
|
Multi–family mortgage
|
|
|
528,251 |
|
|
|
542,165 |
|
|
|
544,673 |
|
|
|
537,394 |
|
|
|
482,462 |
|
|
Nonresidential real estate
|
|
|
117,641 |
|
|
|
120,505 |
|
|
|
123,360 |
|
|
|
119,705 |
|
|
|
115,770 |
|
|
Commercial loans and leases
|
|
|
447,687 |
|
|
|
495,520 |
|
|
|
544,216 |
|
|
|
553,056 |
|
|
|
524,067 |
|
|
Consumer
|
|
|
1,351 |
|
|
|
1,355 |
|
|
|
1,596 |
|
|
|
1,584 |
|
|
|
2,363 |
|
| |
|
|
1,114,163 |
|
|
|
1,179,993 |
|
|
|
1,235,320 |
|
|
|
1,234,872 |
|
|
|
1,149,185 |
|
|
Allowance for credit losses
|
|
|
(8,559 |
) |
|
|
(9,226 |
) |
|
|
(10,032 |
) |
|
|
(8,129 |
) |
|
|
(7,386 |
) |
|
Loans, net
|
|
$ |
1,105,604 |
|
|
$ |
1,170,767 |
|
|
$ |
1,225,288 |
|
|
$ |
1,226,743 |
|
|
$ |
1,141,799 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOAN ORIGINATIONS (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One–to–four family residential real estate
|
|
$ |
137 |
|
|
$ |
128 |
|
|
$ |
173 |
|
|
$ |
215 |
|
|
$ |
592 |
|
|
Multi–family mortgage
|
|
|
5,902 |
|
|
|
6,686 |
|
|
|
17,097 |
|
|
|
67,888 |
|
|
|
44,690 |
|
|
Nonresidential real estate
|
|
|
834 |
|
|
|
200 |
|
|
|
5,436 |
|
|
|
7,694 |
|
|
|
8,947 |
|
|
Commercial loans
|
|
|
172,081 |
|
|
|
157,704 |
|
|
|
181,227 |
|
|
|
179,421 |
|
|
|
168,438 |
|
|
Equipment finance
|
|
|
14,442 |
|
|
|
7,290 |
|
|
|
24,623 |
|
|
|
90,157 |
|
|
|
53,982 |
|
|
Consumer
|
|
|
514 |
|
|
|
539 |
|
|
|
565 |
|
|
|
544 |
|
|
|
544 |
|
| |
|
$ |
193,910 |
|
|
$ |
172,547 |
|
|
$ |
229,121 |
|
|
$ |
345,919 |
|
|
$ |
277,193 |
|
|
Weighted average interest rate
|
|
|
9.11 |
% |
|
|
9.24 |
% |
|
|
8.67 |
% |
|
|
6.88 |
% |
|
|
6.26 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LOAN PAYMENTS and PAYOFFS (2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One–to–four family residential real estate
|
|
$ |
1,409 |
|
|
$ |
1,139 |
|
|
$ |
1,826 |
|
|
$ |
1,525 |
|
|
$ |
2,296 |
|
|
Multi–family mortgage
|
|
|
19,784 |
|
|
|
9,095 |
|
|
|
10,151 |
|
|
|
13,465 |
|
|
|
48,158 |
|
|
Nonresidential real estate
|
|
|
3,253 |
|
|
|
2,934 |
|
|
|
1,967 |
|
|
|
3,708 |
|
|
|
9,460 |
|
|
Commercial loans
|
|
|
176,493 |
|
|
|
169,402 |
|
|
|
168,461 |
|
|
|
177,205 |
|
|
|
160,502 |
|
|
Equipment finance
|
|
|
56,844 |
|
|
|
43,567 |
|
|
|
45,250 |
|
|
|
64,144 |
|
|
|
56,779 |
|
|
Consumer
|
|
|
529 |
|
|
|
675 |
|
|
|
615 |
|
|
|
541 |
|
|
|
525 |
|
| |
|
$ |
258,312 |
|
|
$ |
226,812 |
|
|
$ |
228,270 |
|
|
$ |
260,588 |
|
|
$ |
277,720 |
|
|
Weighted average interest rate
|
|
|
7.86 |
% |
|
|
8.35 |
% |
|
|
8.20 |
% |
|
|
6.97 |
% |
|
|
5.88 |
% |
| (1) |
Net deferred loan origination costs are included in loans receivable by class. |
| (2) |
Multi–family mortgage includes a single construction loan at March 31, 2023, December 31, 2022 and September 30, 2022. |
|
(3)
|
Loan originations include purchased loans, draws on revolving lines of credit and exclude loan renewals.
|
|
(4)
|
Loan payments and payoffs exclude loan renewals.
|
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
(Dollars in thousands; except per share) – (Unaudited)
| |
|
2023 |
|
|
2022 |
|
| |
|
IIIQ
|
|
|
IIQ
|
|
|
IQ
|
|
|
IVQ
|
|
|
IIIQ
|
|
|
CREDIT QUALITY:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonperforming Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonaccrual loans:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One–to–four family residential real estate
|
|
$ |
40 |
|
|
$ |
45 |
|
|
$ |
55 |
|
|
$ |
92 |
|
|
$ |
715 |
|
|
Multi–family mortgage
|
|
|
— |
|
|
|
148 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Commercial loans and leases
|
|
|
23,468 |
|
|
|
23,965 |
|
|
|
8,807 |
|
|
|
1,310 |
|
|
|
525 |
|
|
Consumer
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
5 |
|
|
|
— |
|
| |
|
|
23,508 |
|
|
|
24,158 |
|
|
|
8,862 |
|
|
|
1,407 |
|
|
|
1,240 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loans past due over 90 days still accruing
|
|
|
6,245 |
|
|
|
— |
|
|
|
— |
|
|
|
238 |
|
|
|
415 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Foreclosed assets, net
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other real estate owned
|
|
|
468 |
|
|
|
472 |
|
|
|
472 |
|
|
|
472 |
|
|
|
243 |
|
|
Other foreclosed assets
|
|
|
434 |
|
|
|
478 |
|
|
|
921 |
|
|
|
4 |
|
|
|
281 |
|
| |
|
|
902 |
|
|
|
950 |
|
|
|
1,393 |
|
|
|
476 |
|
|
|
524 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonperforming assets
|
|
$ |
30,655 |
|
|
$ |
25,108 |
|
|
$ |
10,255 |
|
|
$ |
2,121 |
|
|
$ |
2,179 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Asset Quality Ratios
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nonperforming assets to total assets
|
|
|
2.04 |
% |
|
|
1.64 |
% |
|
|
0.66 |
% |
|
|
0.13 |
% |
|
|
0.13 |
% |
|
Nonperforming loans to total loans (1)
|
|
|
2.67 |
|
|
|
2.05 |
|
|
|
0.72 |
|
|
|
0.13 |
|
|
|
0.14 |
|
|
Nonperforming commercial-related loans to total commercial-related loans (2)
|
|
|
2.72 |
|
|
|
2.08 |
|
|
|
0.73 |
|
|
|
0.13 |
|
|
|
0.08 |
|
|
Nonperforming residential and consumer loans to total residential and consumer loans
|
|
|
0.19 |
|
|
|
0.21 |
|
|
|
0.24 |
|
|
|
0.39 |
|
|
|
2.66 |
|
|
Allowance for credit losses to nonperforming loans
|
|
|
28.77 |
|
|
|
38.19 |
|
|
|
113.20 |
|
|
|
494.16 |
|
|
|
446.28 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Concentrations of Credit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial real estate for FFIEC concentration limits
|
|
$ |
624,469 |
|
|
$ |
641,022 |
|
|
$ |
645,768 |
|
|
$ |
634,482 |
|
|
$ |
575,526 |
|
|
% FFIEC total capital
|
|
|
363.55 |
% |
|
|
372.44 |
% |
|
|
374.63 |
% |
|
|
365.95 |
% |
|
|
329.27 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Multi–family mortgage loans - 50% risk based capital qualified (included above)
|
|
$ |
248,128 |
|
|
$ |
175,902 |
|
|
$ |
122,213 |
|
|
$ |
101,052 |
|
|
$ |
103,745 |
|
|
% FFIEC total capital
|
|
|
144.45 |
% |
|
|
102.20 |
% |
|
|
70.90 |
% |
|
|
58.28 |
% |
|
|
59.35 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(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, and commercial loans and leases.
|
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
(Dollars in thousands; except per share) – (Unaudited)
| |
|
2023 |
|
|
2022 |
|
| |
|
IIIQ
|
|
|
IIQ
|
|
|
IQ
|
|
|
IVQ
|
|
|
IIIQ
|
|
|
SUBSTANDARD PERFORMING LOANS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One–to–four family residential real estate
|
|
$ |
282 |
|
|
$ |
272 |
|
|
$ |
280 |
|
|
$ |
327 |
|
|
$ |
163 |
|
|
Multi–family mortgage
|
|
|
— |
|
|
|
— |
|
|
|
148 |
|
|
|
— |
|
|
|
— |
|
|
Commercial loans and leases
|
|
|
5,685 |
|
|
|
3,759 |
|
|
|
3,846 |
|
|
|
4,041 |
|
|
|
50 |
|
|
Consumer
|
|
|
3 |
|
|
|
5 |
|
|
|
5 |
|
|
|
4 |
|
|
|
4 |
|
| |
|
$ |
5,970 |
|
|
$ |
4,036 |
|
|
$ |
4,279 |
|
|
$ |
4,372 |
|
|
$ |
217 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ALLOWANCE FOR CREDIT LOSSES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning balance
|
|
$ |
9,226 |
|
|
$ |
10,032 |
|
|
$ |
8,129 |
|
|
$ |
7,386 |
|
|
$ |
7,202 |
|
|
Impact of adopting ASC 326
|
|
|
— |
|
|
|
— |
|
|
|
1,907 |
|
|
|
— |
|
|
|
— |
|
|
Charge–offs:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to-four family residential real estate
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(71 |
) |
|
Commercial loans and leases
|
|
|
(889 |
) |
|
|
(638 |
) |
|
|
(79 |
) |
|
|
(1 |
) |
|
|
(104 |
) |
|
Consumer
|
|
|
(14 |
) |
|
|
(7 |
) |
|
|
(22 |
) |
|
|
(12 |
) |
|
|
(16 |
) |
| |
|
|
(903 |
) |
|
|
(645 |
) |
|
|
(101 |
) |
|
|
(13 |
) |
|
|
(191 |
) |
|
Recoveries:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One-to-four family residential real estate
|
|
|
32 |
|
|
|
7 |
|
|
|
5 |
|
|
|
4 |
|
|
|
2 |
|
|
Multi-family mortgage
|
|
|
4 |
|
|
|
6 |
|
|
|
5 |
|
|
|
5 |
|
|
|
6 |
|
|
Nonresidential real estate
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
2 |
|
|
Commercial loans and leases
|
|
|
20 |
|
|
|
6 |
|
|
|
1 |
|
|
|
4 |
|
|
|
15 |
|
|
Consumer
|
|
|
— |
|
|
|
— |
|
|
|
1 |
|
|
|
— |
|
|
|
— |
|
| |
|
|
56 |
|
|
|
19 |
|
|
|
12 |
|
|
|
13 |
|
|
|
25 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net charge–offs
|
|
|
(847 |
) |
|
|
(626 |
) |
|
|
(89 |
) |
|
|
— |
|
|
|
(166 |
) |
|
Provision for (recovery of) credit losses - loans
|
|
|
180 |
|
|
|
(180 |
) |
|
|
85 |
|
|
|
743 |
|
|
|
350 |
|
|
Ending balance
|
|
$ |
8,559 |
|
|
$ |
9,226 |
|
|
$ |
10,032 |
|
|
$ |
8,129 |
|
|
$ |
7,386 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for credit losses to total loans
|
|
|
0.77 |
% |
|
|
0.78 |
% |
|
|
0.81 |
% |
|
|
0.66 |
% |
|
|
0.64 |
% |
|
Net charge–offs ratio (1)
|
|
|
(0.30 |
) |
|
|
(0.21 |
) |
|
|
(0.03 |
) |
|
|
— |
|
|
|
(0.06 |
) |
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
(Dollars in thousands; except per share) – (Unaudited)
| |
|
2023 |
|
|
2022 |
|
| |
|
IIIQ
|
|
|
IIQ
|
|
|
IQ
|
|
|
IVQ
|
|
|
IIIQ
|
|
|
DEPOSITS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Noninterest–bearing demand
|
|
$ |
258,318 |
|
|
$ |
278,170 |
|
|
$ |
287,493 |
|
|
$ |
280,625 |
|
|
$ |
307,116 |
|
|
Interest–bearing NOW accounts
|
|
|
326,874 |
|
|
|
349,374 |
|
|
|
360,441 |
|
|
|
400,416 |
|
|
|
409,135 |
|
|
Money market accounts
|
|
|
291,154 |
|
|
|
271,194 |
|
|
|
273,256 |
|
|
|
302,863 |
|
|
|
314,436 |
|
|
Savings deposits
|
|
|
178,318 |
|
|
|
190,277 |
|
|
|
200,659 |
|
|
|
204,506 |
|
|
|
206,048 |
|
|
Certificates of deposit - retail
|
|
|
220,915 |
|
|
|
214,456 |
|
|
|
193,116 |
|
|
|
186,524 |
|
|
|
188,278 |
|
|
Certificates of deposit - wholesale
|
|
|
249 |
|
|
|
249 |
|
|
|
249 |
|
|
|
— |
|
|
|
245 |
|
| |
|
$ |
1,275,828 |
|
|
$ |
1,303,720 |
|
|
$ |
1,315,214 |
|
|
$ |
1,374,934 |
|
|
$ |
1,425,258 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SELECTED AVERAGE BALANCES
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total average assets
|
|
$ |
1,511,422 |
|
|
$ |
1,526,246 |
|
|
$ |
1,553,445 |
|
|
$ |
1,605,375 |
|
|
$ |
1,632,775 |
|
|
Total average interest–earning assets
|
|
|
1,444,259 |
|
|
|
1,459,369 |
|
|
|
1,494,248 |
|
|
|
1,546,499 |
|
|
|
1,571,188 |
|
|
Average loans
|
|
|
1,141,788 |
|
|
|
1,206,175 |
|
|
|
1,225,636 |
|
|
|
1,158,474 |
|
|
|
1,147,154 |
|
|
Average securities
|
|
|
170,806 |
|
|
|
176,052 |
|
|
|
212,344 |
|
|
|
215,359 |
|
|
|
187,163 |
|
|
Average stock in FHLB & FRB
|
|
|
7,490 |
|
|
|
7,490 |
|
|
|
7,490 |
|
|
|
7,490 |
|
|
|
7,490 |
|
|
Average other interest–earning assets
|
|
|
124,175 |
|
|
|
69,652 |
|
|
|
48,778 |
|
|
|
165,176 |
|
|
|
229,381 |
|
|
Total average interest–bearing liabilities
|
|
|
1,055,874 |
|
|
|
1,066,332 |
|
|
|
1,099,950 |
|
|
|
1,123,780 |
|
|
|
1,139,368 |
|
|
Average interest–bearing deposits
|
|
|
1,011,212 |
|
|
|
1,021,023 |
|
|
|
1,066,321 |
|
|
|
1,104,152 |
|
|
|
1,119,751 |
|
|
Average borrowings and Subordinated notes
|
|
|
44,662 |
|
|
|
45,309 |
|
|
|
33,629 |
|
|
|
19,628 |
|
|
|
19,617 |
|
|
Average stockholders’ equity
|
|
|
153,796 |
|
|
|
153,703 |
|
|
|
151,417 |
|
|
|
152,672 |
|
|
|
155,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SELECTED YIELDS AND COST OF FUNDS (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total average interest–earning assets
|
|
|
4.64 |
% |
|
|
4.45 |
% |
|
|
4.39 |
% |
|
|
4.12 |
% |
|
|
3.77 |
% |
|
Average loans
|
|
|
4.96 |
|
|
|
4.77 |
|
|
|
4.76 |
|
|
|
4.57 |
|
|
|
4.40 |
|
|
Average securities
|
|
|
1.88 |
|
|
|
1.92 |
|
|
|
2.13 |
|
|
|
2.04 |
|
|
|
1.74 |
|
|
Average other interest–earning assets
|
|
|
5.42 |
|
|
|
5.14 |
|
|
|
4.66 |
|
|
|
3.69 |
|
|
|
2.22 |
|
|
Total average interest–bearing liabilities
|
|
|
1.48 |
|
|
|
1.22 |
|
|
|
0.98 |
|
|
|
0.73 |
|
|
|
0.35 |
|
|
Average interest–bearing deposits
|
|
|
1.36 |
|
|
|
1.08 |
|
|
|
0.87 |
|
|
|
0.67 |
|
|
|
0.29 |
|
|
Average cost of total deposits
|
|
|
1.07 |
|
|
|
0.85 |
|
|
|
0.70 |
|
|
|
0.53 |
|
|
|
0.22 |
|
|
Average cost of retail and commercial deposits
|
|
|
1.36 |
|
|
|
1.08 |
|
|
|
0.87 |
|
|
|
0.67 |
|
|
|
0.29 |
|
|
Average cost of wholesale deposits, borrowings and Subordinated notes
|
|
|
4.18 |
|
|
|
4.21 |
|
|
|
4.34 |
|
|
|
4.01 |
|
|
|
3.96 |
|
|
Average cost of funds
|
|
|
1.18 |
|
|
|
0.96 |
|
|
|
0.79 |
|
|
|
0.58 |
|
|
|
0.27 |
|
|
Net interest rate spread
|
|
|
3.16 |
|
|
|
3.23 |
|
|
|
3.41 |
|
|
|
3.39 |
|
|
|
3.42 |
|
|
Net interest margin
|
|
|
3.56 |
|
|
|
3.56 |
|
|
|
3.66 |
|
|
|
3.59 |
|
|
|
3.52 |
|
BANKFINANCIAL CORPORATION
SELECTED QUARTERLY FINANCIAL AND STATISTICAL DATA
(Dollars in thousands; except per share) – (Unaudited)
| |
|
2023 |
|
|
2022 |
|
| |
|
IIIQ
|
|
|
IIQ
|
|
|
IQ
|
|
|
IVQ
|
|
|
IIIQ
|
|
|
CAPITAL RATIOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BankFinancial Corporation (1)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity to total assets (end of period)
|
|
|
10.21 |
% |
|
|
9.98 |
% |
|
|
9.87 |
% |
|
|
9.63 |
% |
|
|
9.27 |
% |
|
Tangible equity to tangible total assets (end of period)
|
|
|
10.21 |
|
|
|
9.98 |
|
|
|
9.87 |
|
|
|
9.63 |
|
|
|
9.27 |
|
|
Risk–based total capital ratio
|
|
|
19.13 |
|
|
|
17.75 |
|
|
|
16.98 |
|
|
|
17.00 |
|
|
|
17.97 |
|
|
Common Tier 1 (CET1)
|
|
|
16.30 |
|
|
|
15.05 |
|
|
|
14.34 |
|
|
|
14.43 |
|
|
|
15.32 |
|
|
Risk–based tier 1 capital ratio
|
|
|
16.30 |
|
|
|
15.05 |
|
|
|
14.34 |
|
|
|
14.43 |
|
|
|
15.32 |
|
|
Tier 1 leverage ratio
|
|
|
10.38 |
|
|
|
10.23 |
|
|
|
10.03 |
|
|
|
9.73 |
|
|
|
9.55 |
|
|
Tier 1 capital
|
|
$ |
156,780 |
|
|
$ |
156,050 |
|
|
$ |
155,789 |
|
|
$ |
156,086 |
|
|
$ |
155,725 |
|
|
BankFinancial, NA (2)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risk–based total capital ratio
|
|
|
17.90 |
% |
|
|
16.64 |
% |
|
|
15.88 |
% |
|
|
16.04 |
% |
|
|
17.19 |
% |
|
Common Tier 1 (CET1)
|
|
|
17.10 |
|
|
|
15.83 |
|
|
|
15.04 |
|
|
|
15.28 |
|
|
|
16.47 |
|
|
Risk–based tier 1 capital ratio
|
|
|
17.10 |
|
|
|
15.83 |
|
|
|
15.04 |
|
|
|
15.28 |
|
|
|
16.47 |
|
|
Tier 1 leverage ratio
|
|
|
10.93 |
|
|
|
10.80 |
|
|
|
10.52 |
|
|
|
10.31 |
|
|
|
10.26 |
|
|
Tier 1 capital
|
|
$ |
164,172 |
|
|
$ |
163,806 |
|
|
$ |
163,249 |
|
|
$ |
165,252 |
|
|
$ |
167,403 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMMON STOCK AND DIVIDENDS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Stock Prices:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Close
|
|
$ |
8.62 |
|
|
$ |
8.18 |
|
|
$ |
8.75 |
|
|
$ |
10.53 |
|
|
$ |
9.46 |
|
|
High
|
|
|
9.11 |
|
|
|
8.94 |
|
|
|
10.59 |
|
|
|
10.60 |
|
|
|
10.27 |
|
|
Low
|
|
|
7.98 |
|
|
|
7.17 |
|
|
|
8.55 |
|
|
|
9.06 |
|
|
|
9.18 |
|
|
Common shares outstanding
|
|
|
12,547,390 |
|
|
|
12,600,478 |
|
|
|
12,693,993 |
|
|
|
12,742,597 |
|
|
|
12,922,174 |
|
|
Book value per share
|
|
$ |
12.25 |
|
|
$ |
12.09 |
|
|
$ |
12.00 |
|
|
$ |
11.90 |
|
|
$ |
11.69 |
|
|
Tangible book value per share
|
|
$ |
12.25 |
|
|
$ |
12.09 |
|
|
$ |
12.00 |
|
|
$ |
11.90 |
|
|
$ |
11.69 |
|
|
Cash dividends declared on common stock
|
|
$ |
0.10 |
|
|
$ |
0.10 |
|
|
$ |
0.10 |
|
|
$ |
0.10 |
|
|
$ |
0.10 |
|
|
Dividend payout ratio
|
|
|
53.16 |
% |
|
|
54.88 |
% |
|
|
48.36 |
% |
|
|
37.45 |
% |
|
|
40.53 |
% |
|
Stock repurchases
|
|
$ |
471 |
|
|
$ |
744 |
|
|
$ |
502 |
|
|
$ |
1,760 |
|
|
$ |
2,313 |
|
|
Stock repurchases – shares
|
|
|
53,088 |
|
|
|
93,515 |
|
|
|
48,604 |
|
|
|
179,577 |
|
|
|
231,311 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS PER SHARE COMPUTATIONS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$ |
2,369 |
|
|
$ |
2,312 |
|
|
$ |
2,633 |
|
|
$ |
3,438 |
|
|
$ |
3,221 |
|
|
Weighted average basic and dilutive common shares outstanding
|
|
|
12,578,494 |
|
|
|
12,667,129 |
|
|
|
12,721,841 |
|
|
|
12,861,529 |
|
|
|
13,060,266 |
|
|
Basic and diluted earnings per common share
|
|
$ |
0.19 |
|
|
$ |
0.18 |
|
|
$ |
0.21 |
|
|
$ |
0.27 |
|
|
$ |
0.25 |
|
|
(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)
|
The Bank's current required minimum Community Bank Leverage Ratio is 9.00%. 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.
|
v3.23.3
Document And Entity Information
|
Oct. 30, 2023 |
| Document Information [Line Items] |
|
| Entity, Registrant Name |
BANKFINANCIAL CORPORATION
|
| Document, Type |
8-K
|
| Document, Period End Date |
Oct. 30, 2023
|
| Entity, Incorporation, State or Country Code |
MD
|
| Entity, File Number |
0-51331
|
| Entity, Tax Identification Number |
75-3199276
|
| Entity, Address, Address Line One |
60 North Frontage Road
|
| Entity, Address, City or Town |
Burr Ridge
|
| Entity, Address, State or Province |
IL
|
| Entity, Address, Postal Zip Code |
60527
|
| City Area Code |
800
|
| Local Phone Number |
894-6900
|
| Written Communications |
false
|
| Soliciting Material |
false
|
| Pre-commencement Tender Offer |
false
|
| Pre-commencement Issuer Tender Offer |
false
|
| Title of 12(b) Security |
Common Stock
|
| Trading Symbol |
BFIN
|
| Security Exchange Name |
NASDAQ
|
| Entity, Emerging Growth Company |
false
|
| Amendment Flag |
false
|
| Entity, Central Index Key |
0001303942
|
| X |
- DefinitionBoolean flag that is true when the XBRL content amends previously-filed or accepted submission.
| Name: |
dei_AmendmentFlag |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionFor the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.
| Name: |
dei_DocumentPeriodEndDate |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:dateItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionThe type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.
| Name: |
dei_DocumentType |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:submissionTypeItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionAddress Line 1 such as Attn, Building Name, Street Name
| Name: |
dei_EntityAddressAddressLine1 |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- Definition
+ References
+ Details
| Name: |
dei_EntityAddressCityOrTown |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionCode for the postal or zip code
| Name: |
dei_EntityAddressPostalZipCode |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:normalizedStringItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionName of the state or province.
| Name: |
dei_EntityAddressStateOrProvince |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:stateOrProvinceItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionA unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityCentralIndexKey |
| Namespace Prefix: |
dei_ |
| Data Type: |
dei:centralIndexKeyItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionIndicate if registrant meets the emerging growth company criteria. Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Exchange Act
-Number 240
-Section 12
-Subsection b-2
| Name: |
dei_EntityEmergingGrowthCompany |
| Namespace Prefix: |
dei_ |
| Data Type: |
xbrli:booleanItemType |
| Balance Type: |
na |
| Period Type: |
duration |
|
| X |
- DefinitionCommission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.
| Name: |
dei_EntityFileNumber |
| Namespace Prefix: |
dei_ |
| Data Type: |
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