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Note 16 - Company Only Condensed Financial Information

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Condensed Financial Information of Parent Company Only Disclosure [Text Block]

NOTE 16 – COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed financial information of BankFinancial Corporation as of December 31, 2024 and 2023 and for the two years then ended are as follows:

Condensed Statements of Financial Condition

		December 31,
		2024				2023
Assets
Cash in subsidiary		$	6,551			$	7,273
Due from other financial institutions			7,000				7,000
Investment in subsidiary			159,810				158,748
Deferred tax asset			736				624
Other assets			1,614				1,542
		$	175,711			$	175,187
Liabilities and Stockholders' Equity
Subordinated notes, net of unamortized issuance costs		$	18,736			$	19,678
Accrued expenses and other liabilities			598				126
Total stockholders’ equity			156,377				155,383
		$	175,711			$	175,187

Condensed Statements of Operations

		For the years ended December 31,
		2024				2023
Dividends from subsidiary		$	7,000			$	14,700
Interest expense			778				794
Other income			107				—
Other expense			1,946				1,689
Income before income tax and undistributed subsidiary excess distributions			4,383				12,217
Income tax benefit			(691	)			(642	)
Income before equity in undistributed subsidiary excess distributions			5,074				12,859
Equity in undistributed subsidiary (excess distributions)			(1,001	)			(3,466	)
Net income		$	4,073			$	9,393

Condensed Statements of Cash Flows

		For the years ended December 31,
		2024				2023
Cash flows from operating activities
Net income		$	4,073			$	9,393
Adjustments:
Amortization			58				44
Equity in undistributed subsidiary excess distributions			1,001				3,466
Gain on redemption of Subordinated notes			(107	)			—
Change in other assets			(184	)			297
Change in accrued expenses and other liabilities			485				10
Net cash from operating activities			5,326				13,210
Cash flows used in financing activities
Repurchase and retirement of common stock			(156	)			(2,393	)
Proceeds from repurchase of Subordinated notes			(906	)			—
Cash dividends paid on common stock			(4,986	)			(5,056	)
Net cash used in financing activities			(6,048	)			(7,449	)
Net change in cash in subsidiary			(722	)			5,761
Beginning cash in subsidiary			14,273				8,512
Ending cash in subsidiary		$	13,551			$	14,273

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- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481231/810-10-45-11

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X

- References

No definition available.

+ Details

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