Company Only Condensed Financial Information (Notes)

12 Months Ended

Dec. 31, 2019

Condensed financial information of BankFinancial Corporation as of December 31, 2019 and 2018 and for the two years then ended are as follows:

Condensed Statements of Financial Condition



	December 31,
	2019		2018
Assets
Cash in subsidiary	$	6,864	$	11,227
Investment in subsidiary	164,847		173,253
Deferred tax asset	558		1,999
Other assets	2,115		3,317
	$	174,384	$	189,796
Liabilities and Stockholders' Equity
Accrued expenses and other liabilities	$	12	$	2,646
Total stockholders’ equity	174,372		187,150
	$	174,384	$	189,796

Condensed Statements of Operations



	For the years ended December 31,
	2019			2018
Dividends from subsidiary	$	21,200		$	36,044
Other expense	1,600			1,573
Income before income tax and undistributed subsidiary excess distributions	19,600			34,471
Income tax benefit	(433		)	(398		)
Income before equity in undistributed subsidiary excess distributions	20,033			34,869
Equity in undistributed subsidiary excess distributions	(8,361		)	(15,527		)
Net income	$	11,672		$	19,342

Condensed Statements of Cash Flows



	For the years ended December 31,
	2019			2018
Cash flows from operating activities
Net income	$	11,672		$	19,342
Adjustments:
Equity in undistributed subsidiary excess distributions	8,361			15,527
Change in other assets	2,643			67
Change in accrued expenses and other liabilities	(2,634		)	(369		)
Net cash from operating activities	20,042			34,567
Cash flows from financing activities
Repurchase and retirement of common stock	(18,139		)	(23,284		)
Cash dividends paid on common stock	(6,266		)	(6,449		)
Net cash used in financing activities	(24,405		)	(29,733		)
Net change in cash in subsidiary	(4,363		)	4,834
Beginning cash in subsidiary	11,227			6,393
Ending cash in subsidiary	$	6,864		$	11,227