BANKFINANCIAL CORPORATION 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.
PERFORMANCE MEASUREMENTS
Return on assets (ratio of net income to average
total assets) (1) 0.57% 0.66% 0.22% 0.50% 0.58%
equity) (1) | 4.41 | 4.86 | 1.59 | 3.59 | 3.96 |
Net interest rate spread (1) | 3.01 | 3.23 | 3.21 | 3.30 | 3.35 |
Net interest margin (1) | 3.11 | 3.33 | 3.31 | 3.39 | 3.43 |
Efficiency ratio | 76.23 | 73.60 | 79.80 | 80.98 | 83.16 |
Noninterest expense to average total assets (1) | 2.59 | 2.62 | 2.78 | 2.89 | 3.08 |
Average interest-earning assets to average interest-bearing liabilities | 133.71 | 134.36 | 136.17 | 136.26 | 138.91 |
Number of full service offices | 19 | 19 | 19 | 19 | 19 |
Employees (full time equivalents) | 246 | 242 | 253 | 255 | 251 |
Return on equity (ratio of net income to average
SUMMARY STATEMENT OF FINANCIAL CONDITION
ASSETS
Cash and due from other financial institutions | $ 13,053 | $ 9,499 | $ 11,509 | $ 10,238 | $ 13,192 |
Interest-bearing deposits in other financial institutions | 83,631 | 91,031 | 74,048 | 55,705 | 46,185 |
Securities, at fair value | 107,212 | 99,899 | 105,698 | 111,386 | 114,753 |
Loans receivable, net | 1,312,952 | 1,241,808 | 1,207,553 | 1,232,485 | 1,232,257 |
Other real estate owned, net | 3,895 | 4,381 | 5,373 | 5,629 | 7,011 |
Stock in Federal Home Loan Bank and Federal Reserve Bank, at cost | 11,650 | 6,257 | 6,257 | 6,257 | 6,257 |
Premises and equipment, net | 31,413 | 31,856 | 32,021 | 32,308 | 32,726 |
Intangible assets | 782 | 911 | 1,040 | 1,169 | 1,305 |
Bank owned life insurance | 22,594 | 22,538 | 22,484 | 22,438 | 22,387 |
Deferred taxes | 22,411 | 23,715 | 25,187 | 25,641 | 26,695 |
Other assets | 10,444 | 8,378 | 8,661 | 8,552 | 9,675 |
Total assets | $ 1,620,037 | $ 1,540,273 | $ 1,499,831 | $ 1,511,808 | $ 1,512,443 |
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits | $ 1,339,390 | $ 1,316,695 | $ 1,268,602 | $ 1,264,689 | $ 1,212,919 |
Borrowings | 51,069 | 1,406 | 1,469 | 17,621 | 64,318 |
Other liabilities | 24,798 | 18,505 | 23,053 | 20,010 | 22,842 |
Total liabilities | 1,415,257 | 1,336,606 | 1,293,124 | 1,302,320 | 1,300,079 |
Stockholders' equity | 204,780 | 203,667 | 206,707 | 209,488 | 212,364 |
Total liabilities and stockholders' equity | $ 1,620,037 | $ 1,540,273 | $ 1,499,831 | $ 1,511,808 | $ 1,512,443 |
(1) Annualized
2016 | 2015 | For the years ended December 31, 2016 2015 | |||||
IVQ | IIIQ | IIQ | IQ | IVQ | |||
SUMMARY STATEMENT OF OPERATIONS Total interest income $ 12,743 Total interest expense 1,148 | $ 12,845 1,014 | $ 12,581 952 | $ 12,759 856 | $ 12,411 738 | $ 50,928 3,970 | $ 48,962 2,814 | |
Net interest income before recovery Recovery of loan losses Net interest income | 11,595 (539) | 11,831 (525) | 11,629 1,315 | 11,903 (490) | 11,673 (1,038) | 46,958 46,148 (239) (3,206) | |
12,134 | 12,356 | 10,314 | 12,393 | 12,711 | 47,197 | 49,354 | |
Noninterest income | 1,777 | 1,637 | 1,537 | 1,594 | 1,757 | 6,545 | 6,691 |
Noninterest expense Income before income tax Income tax expense | 10,194 | 9,912 | 10,506 | 10,930 | 11,169 | 41,542 | 41,945 |
3,717 1,458 | 4,081 1,573 | 1,345 514 | 3,057 1,153 | 3,299 1,183 | 12,200 4,698 | 14,100 5,425 | |
Net income | $ 2,259 | $ 2,508 | $ 831 | $ 1,904 | $ 2,116 | $ 7,502 | $ 8,675 |
Basic earnings per common share | $ 0.12 | $ 0.13 | $ 0.04 | $ 0.10 | $ 0.11 | $ 0.40 | $ 0.44 |
Diluted earnings per common share | $ 0.12 | $ 0.13 | $ 0.04 | $ 0.10 | $ 0.11 | $ 0.39 | $ 0.44 |
NONINTEREST INCOME AND EXPENSE | |||||||
Noninterest Income | |||||||
Deposit service charges and fees | $ 563 | $ 583 | $ 541 | $ 567 | $ 603 | $ 2,254 | $ 2,248 |
Other fee income | 574 | 478 | 505 | 495 | 505 | 2,052 | 2,143 |
Insurance commissions and annuities income | 122 | 53 | 72 | 55 | 169 | 302 | 386 |
Gain on sales of loans, net | 16 | 38 | 3 | 18 | 10 | 75 | 102 |
Gain on sale of securities | - | - | - | 46 | - | 46 | - |
Gain (loss) on disposition of premises and equipment | 38 | - | - | - | - | 38 (1) | |
Loan servicing fees | 62 | 66 | 75 | 73 | 83 | 276 | 354 |
Amortization of servicing assets | (32) | (28) | (40) | (28) | (32) | (128) (137) | |
Recovery (impairment) of servicing assets | 16 | - | 3 | (3) | (1) | 16 (3) | |
Earnings on bank owned life insurance | 56 | 54 | 46 | 51 | 52 | 207 | 194 |
Trust income | 182 | 167 | 165 | 160 | 183 | 674 | 712 |
Other | 180 | 226 | 167 | 160 | 185 | 733 | 693 |
Total noninterest income | $ 1,777 | $ 1,637 | $ 1,537 | $ 1,594 | $ 1,757 | $ 6,545 | $ 6,691 |
Noninterest Expense | |||||||
Compensation and benefits | $ 5,734 | $ 5,315 | $ 5,713 | $ 5,993 | $ 6,034 | $ 22,755 | $ 22,222 |
Office occupancy and equipment | 1,611 | 1,487 | 1,635 | 1,647 | 1,620 | 6,380 | 6,522 |
Advertising and public relations | 252 | 144 | 252 | 222 | 208 | 870 | 991 |
Information technology | 762 | 707 | 699 | 724 | 687 | 2,892 | 2,669 |
Supplies, telephone, and postage | 346 | 345 | 297 | 376 | 397 | 1,364 | 1,586 |
Amortization of intangibles | 129 | 129 | 129 | 136 | 136 | 523 | 550 |
Nonperforming asset management | 99 | 89 | 127 | 84 | 239 | 399 | 681 |
Loss (gain) on sales of other real estate owned | (113) | (15) | (38) | 38 | 33 | (128) (58) | |
Valuation adjustments of other real estate owned | 70 | 115 | 10 | 119 | 81 | 314 | 548 |
Operations of other real estate owned | 121 | 143 | 177 | 219 | 169 | 660 | 573 |
FDIC insurance premiums Other Total noninterest expense | 64 1,119 | 238 1,215 | 236 1,269 | 217 1,155 | 205 1,360 | 755 4,758 | 904 4,757 |
$ 10,194 | $ 9,912 | $ 10,506 | $ 10,930 | $ 11,169 | $ 41,542 | $ 41,945 | |
One-to-four family residential real estate loans | $ 135,218 | $ 142,130 | $ 147,876 | $ 154,588 | $ 159,501 |
Multi-family mortgage loans | 542,887 | 505,369 | 504,158 | 513,450 | 506,026 |
Nonresidential real estate loans | 182,152 | 186,504 | 191,685 | 219,339 | 226,735 |
Construction and land loans | 1,302 | 1,005 | 1,767 | 1,799 | 1,313 |
Commercial loans | 103,063 | 106,878 | 84,951 | 76,325 | 79,516 |
Commercial leases | 352,539 | 304,753 | 282,629 | 272,849 | 265,405 |
Consumer loans | 2,255 | 1,846 | 1,744 | 1,890 | 1,831 |
1,319,416 | 1,248,485 | 1,214,810 | 1,240,240 | 1,240,327 | |
Net deferred loan origination costs | 1,663 | 1,657 | 1,658 | 1,661 | 1,621 |
Allowance for loan losses | (8,127) | (8,334) | (8,915) | (9,416) | (9,691) |
Loans, net | $ 1,312,952 | $ 1,241,808 | $ 1,207,553 | $ 1,232,485 | $ 1,232,257 |
LOAN ORIGINATIONS (1) | |||||
One-to-four family residential real estate loans | $ 1,426 | $ 2,322 | $ 2,279 | $ 1,637 | $ 2,657 |
Multi-family mortgage loans | 54,954 | 25,062 | 18,017 | 24,385 | 43,110 |
Nonresidential real estate loans | 9,033 | 3,518 | 3,587 | 5,002 | 20,408 |
Construction and land loans | 359 | 92 | - | 198 | - |
Commercial loans | 49,385 | 67,919 | 54,149 | 35,771 | 44,293 |
Commercial leases (3) | 87,855 | 54,717 | 54,633 | 39,303 | 71,201 |
Consumer loans | 611 | 883 | 1,025 | 588 | 725 |
$ 203,623 | $ 154,513 | $ 133,690 | $ 106,884 | $ 182,394 | |
LOAN PAYMENTS and PAYOFFS (2) | |||||
One-to-four family residential real estate loans | $ 8,698 | $ 7,245 | $ 8,500 | $ 6,413 | $ 7,471 |
Multi-family mortgage loans | 16,999 | 24,276 | 27,188 | 17,082 | 13,559 |
Nonresidential real estate loans | 12,697 | 8,740 | 30,024 | 11,878 | 12,748 |
Construction and land loans | 24 | 852 | 33 | 57 | 41 |
Commercial loans | 53,147 | 45,990 | 45,528 | 39,030 | 45,460 |
Commercial leases | 35,984 | 31,437 | 48,774 | 31,552 | 26,353 |
Consumer loans | 633 | 801 | 1,080 | 664 | 701 |
$ 128,182 | $ 119,341 | $ 161,127 | $ 106,676 | $ 106,333 | |
LOAN PAYMENTS and PAYOFFS (Loans rated 5 or higher) (2) | |||||
One-to-four family residential real estate loans | $ 350 | $ 220 | $ 778 | $ 441 | $ 363 |
Multi-family mortgage loans | 1,131 | 1,155 | 4,163 | 5,117 | 2,199 |
Nonresidential real estate loans | 1,690 | 500 | 19,164 | 409 | 784 |
Construction and land loans | - | 828 | - | 24 | 8 |
Commercial loans | 5,681 | 6,037 | 12,243 | 7,861 | 4,873 |
Commercial leases | 177 | 203 | 197 | 194 | - |
$ 9,029 | $ 8,943 | $ 36,545 | $ 14,046 | $ 8,227 | |
LOANS
Loan originations include draws on revolving lines of credit and exclude loan renewals.
Loan payments and payoffs exclude loan renewals.
Fourth quarter 2016 originations include $55.0 million purchased investment grade commercial leases.
BankFinancial Corporation published this content on 30 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 January 2017 22:54:11 UTC.
Original documenthttps://www.bankfinancial.com/media/quarterly-supplements/BFIN-2016.12.31_EX99.2_Supplement.pdf
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