2013 Q1 Form 10-Q Financial Statement

#000130394213000041 Filed on May 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q1 2012 Q1
Revenue $12.71M $16.63M
YoY Change -23.57% 8.38%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.300M $1.310M
YoY Change -0.76% -10.88%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $994.0K $1.240M
YoY Change -19.84% -37.88%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $678.0K $2.794M
YoY Change -75.73% -259.11%
Income Tax $0.00 $457.0K
% Of Pretax Income 0.0% 16.36%
Net Earnings $678.0K $2.337M
YoY Change -70.99% -400.77%
Net Earnings / Revenue 5.33% 14.05%
Basic Earnings Per Share $0.03 $0.12
Diluted Earnings Per Share $0.03 $0.12
COMMON SHARES
Basic Shares Outstanding 19.96M shares 19.84M shares
Diluted Shares Outstanding 19.96M shares 19.84M shares

Balance Sheet

Concept 2013 Q1 2012 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $372.4M
YoY Change
Cash & Equivalents $311.1M $178.1M
Short-Term Investments $61.27M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $37.53M $39.00M
YoY Change -3.77% 3.45%
Goodwill
YoY Change
Intangibles $2.882M
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.466B $1.549B
YoY Change -5.36% -9.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.400M $8.300M
YoY Change 1.2% -28.45%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $2.700M $10.00M
YoY Change -73.0% -35.48%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.10M $18.30M
YoY Change -39.34% -32.47%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $11.10M $18.30M
Total Long-Term Liabilities $0.00 $0.00
Total Liabilities $1.292B $1.347B
YoY Change -4.05% -7.39%
SHAREHOLDERS EQUITY
Retained Earnings -$9.118M
YoY Change
Common Stock $211.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $173.6M $202.1M
YoY Change
Total Liabilities & Shareholders Equity $1.466B $1.549B
YoY Change -5.36% -9.15%

Cashflow Statement

Concept 2013 Q1 2012 Q1
OPERATING ACTIVITIES
Net Income $678.0K $2.337M
YoY Change -70.99% -400.77%
Depreciation, Depletion And Amortization $1.300M $1.310M
YoY Change -0.76% -10.88%
Cash From Operating Activities $2.267M $4.265M
YoY Change -46.85% -17.5%
INVESTING ACTIVITIES
Capital Expenditures $14.00K $685.0K
YoY Change -97.96% 356.67%
Acquisitions
YoY Change
Other Investing Activities $47.65M $68.09M
YoY Change -30.02% -207.04%
Cash From Investing Activities $47.64M $67.40M
YoY Change -29.32% -205.7%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$14.54M -$14.29M
YoY Change 1.76% -62.35%
NET CHANGE
Cash From Operating Activities $2.267M $4.265M
Cash From Investing Activities $47.64M $67.40M
Cash From Financing Activities -$14.54M -$14.29M
Net Change In Cash $35.36M $57.38M
YoY Change -38.36% -159.42%
FREE CASH FLOW
Cash From Operating Activities $2.267M $4.265M
Capital Expenditures $14.00K $685.0K
Free Cash Flow $2.253M $3.580M
YoY Change -37.07% -28.69%

Facts In Submission

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37222000 USD
CY2013Q1 us-gaap Impaired Financing Receivable With Related Allowance Average Recorded Investment
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166000 USD
CY2013Q1 us-gaap Impaired Financing Receivable With Related Allowance Interest Income Cash Basis Method
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19000 USD
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8107000 USD
CY2013Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
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8493000 USD
CY2012Q4 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
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10831000 USD
CY2013Q1 us-gaap Impaired Financing Receivable With Related Allowance Unpaid Principal Balance
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10723000 USD
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2794000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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678000 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
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0 USD
CY2012Q1 us-gaap Income Tax Expense Benefit
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457000 USD
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461000 USD
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0 USD
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0 USD
CY2012Q1 us-gaap Income Taxes Paid
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0 USD
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-603000 USD
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CY2013Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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0 shares
CY2012Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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807 shares
CY2013Q1 us-gaap Information Technology And Data Processing
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749000 USD
CY2012Q1 us-gaap Information Technology And Data Processing
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848000 USD
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122000 USD
CY2013Q1 us-gaap Insurance Commissions And Fees
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109000 USD
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442000 USD
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250000 USD
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16112000 USD
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293386000 USD
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255403000 USD
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1240000 USD
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26000 USD
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8000 USD
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1214000 USD
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986000 USD
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14398000 USD
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15394000 USD
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1014000 USD
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3951000 USD
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6752000 USD
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745000 USD
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1047755000 USD
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1004404000 USD
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1030465000 USD
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55000 USD
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2166000 USD
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1030465000 USD
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1004404000 USD
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106000 USD
CY2013Q1 us-gaap Marketing And Advertising Expense
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146000 USD
CY2013Q1 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
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26000 USD
CY2012Q1 us-gaap Mortgage Servicing Rights Msr Impairment Recovery
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47640000 USD
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67403000 USD
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2267000 USD
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4265000 USD
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1832000 USD
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125000 USD
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145000 USD
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0 USD
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0 USD
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185000 USD
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1078000 USD
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0 USD
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0 USD
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211000 USD
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0 USD
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3175000 USD
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1153000 USD
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14000 USD
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685000 USD
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0.01
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25000000 shares
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0 shares
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0 shares
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0 shares
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0 USD
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722000 USD
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2658000 USD
CY2013Q1 us-gaap Prepaid Expense Current And Noncurrent
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CY2013Q1 us-gaap Proceeds From Income Tax Refunds
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461000 USD
CY2012Q1 us-gaap Proceeds From Income Tax Refunds
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6455000 USD
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4938000 USD
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996000 USD
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123000 USD
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195000 USD
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202111000 USD
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461000 USD
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390000 USD
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11992000 USD
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CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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0 shares
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9679000 USD
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8416000 USD
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1304000 USD
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1084000 USD
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9000 USD
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337000 USD
CY2013Q1 bfin Amortization And Impairment Of Servicing Assets
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33000 USD
CY2012Q1 bfin Amortization And Impairment Of Servicing Assets
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82000 USD
CY2012Q1 bfin Amortization Of Intangibles
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163000 USD
CY2013Q1 bfin Amortization Of Intangibles
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156000 USD
CY2012Q1 bfin Amount Of Loans By Class Modified As Tdrs
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895000 USD
CY2013Q1 bfin Amount Of Loans By Class Modified As Tdrs
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384000 USD
CY2013Q1 bfin Available For Sale Debt Securities Fair Value Basis
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22647000 USD
CY2012Q1 bfin Due To Extension Of Maturity Date
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20000 USD
CY2013Q1 bfin Due To Extension Of Maturity Date
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384000 USD
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0 USD
CY2012Q1 bfin Due To Permanent Reduction In Recorded Investment
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503000 USD
CY2012Q1 bfin Due To Reduction In Interest Rate
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372000 USD
CY2013Q1 bfin Due To Reduction In Interest Rate
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0 USD
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3879000 USD
CY2013Q1 bfin Financing Receivable Acquired With Deteriorated Credit Quality Net Of Allowance
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3883000 USD
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0 USD
CY2012Q1 bfin Financing Receivable Modifications Increase In Allowance For Loan And Leases Losses
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183000 USD
CY2013Q1 bfin Financing Receivable Modifications Subsequent Default Increase In Allowance For Loan And Leases Losses
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0 USD
CY2012Q1 bfin Financing Receivable Modifications Subsequent Default Increase In Allowance For Loan And Leases Losses
FinancingReceivableModificationsSubsequentDefaultIncreaseInAllowanceForLoanAndLeasesLosses
0 USD
CY2013Q1 bfin Financing Receivable Modifications Subsequent Default Investment Recorded
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0 USD
CY2012Q1 bfin Financing Receivable Modifications Subsequent Default Investment Recorded
FinancingReceivableModificationsSubsequentDefaultInvestmentRecorded
978000 USD
CY2012Q4 bfin Financing Receivable Nonaccrual
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30956000 USD
CY2013Q1 bfin Financing Receivable Nonaccrual
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30398000 USD
CY2012Q1 bfin Financing Receivable Post Modification Recorded Investment
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895000 USD
CY2013Q1 bfin Financing Receivable Post Modification Recorded Investment
FinancingReceivablePostModificationRecordedInvestment
384000 USD
CY2012Q1 bfin Financing Receivable Pre Modification Recorded Investment
FinancingReceivablePreModificationRecordedInvestment
1092000 USD
CY2013Q1 bfin Financing Receivable Pre Modification Recorded Investment
FinancingReceivablePreModificationRecordedInvestment
384000 USD
CY2013Q1 bfin Financing Receivables Recorded Investment
FinancingReceivablesRecordedInvestment
1013801000 USD
CY2012Q4 bfin Financing Receivables Recorded Investment
FinancingReceivablesRecordedInvestment
1037853000 USD
CY2012Q1 bfin Gain Loss On Sale Of Real Estate Acquired Through Foreclosure
GainLossOnSaleOfRealEstateAcquiredThroughForeclosure
139000 USD
CY2013Q1 bfin Gain Loss On Sale Of Real Estate Acquired Through Foreclosure
GainLossOnSaleOfRealEstateAcquiredThroughForeclosure
-69000 USD
CY2012Q4 bfin Impaired Financing Receivable Partial Charge Offs
ImpairedFinancingReceivablePartialChargeOffs
7546000 USD
CY2013Q1 bfin Impaired Financing Receivable Partial Charge Offs
ImpairedFinancingReceivablePartialChargeOffs
3751000 USD
CY2012Q4 bfin Impaired Financing Receivable With No Related Allowance Partial Charge Offs
ImpairedFinancingReceivableWithNoRelatedAllowancePartialChargeOffs
4847000 USD
CY2013Q1 bfin Impaired Financing Receivable With No Related Allowance Partial Charge Offs
ImpairedFinancingReceivableWithNoRelatedAllowancePartialChargeOffs
1623000 USD
CY2012Q4 bfin Impaired Financing Receivable With Related Allowance Partial Charge Offs
ImpairedFinancingReceivableWithRelatedAllowancePartialChargeOffs
2699000 USD
CY2013Q1 bfin Impaired Financing Receivable With Related Allowance Partial Charge Offs
ImpairedFinancingReceivableWithRelatedAllowancePartialChargeOffs
2128000 USD
CY2013Q1 bfin Impaired Loan Fair Value
ImpairedLoanFairValue
9099000 USD
CY2013Q1 bfin Impaired Loans Carrying Amount
ImpairedLoansCarryingAmount
28500000 USD
CY2012Q4 bfin Impaired Loans Carrying Amount
ImpairedLoansCarryingAmount
28400000 USD
CY2012Q4 bfin Impaired Loans Valuation Allowance
ImpairedLoansValuationAllowance
1700000 USD
CY2013Q1 bfin Impaired Loans Valuation Allowance
ImpairedLoansValuationAllowance
1500000 USD
CY2012Q4 bfin Other Real Estate Owned At Carrying Value
OtherRealEstateOwnedAtCarryingValue
10358000 USD
CY2013Q1 bfin Other Real Estate Owned At Carrying Value
OtherRealEstateOwnedAtCarryingValue
8088000 USD
CY2013Q1 bfin Other Real Estate Owned Write Downs
OtherRealEstateOwnedWriteDowns
-89000 USD
CY2013Q1 bfin Outstanding Commitments To Borrowers Loans Classified As Troubled Debt Restructurings
OutstandingCommitmentsToBorrowersLoansClassifiedAsTroubledDebtRestructurings
0 USD
CY2013Q1 bfin Real Estate Acquired Through Foreclosure Fair Value
RealEstateAcquiredThroughForeclosureFairValue
8088000 USD
CY2013Q1 bfin Recorded Investment Loans Not Past Due
RecordedInvestmentLoansNotPastDue
982551000 USD
CY2012Q4 bfin Recorded Investment Loans Not Past Due
RecordedInvestmentLoansNotPastDue
1005827000 USD
CY2013Q1 bfin Reserve For Uncollected Loan Interest
ReserveForUncollectedLoanInterest
1159000 USD
CY2012Q4 bfin Reserve For Uncollected Loan Interest
ReserveForUncollectedLoanInterest
900000 USD
CY2013Q1 bfin Stock Issued During Period Employee Stock Ownership Plan
StockIssuedDuringPeriodEmployeeStockOwnershipPlan
195000 USD
CY2012Q1 bfin Stock Issued During Period Employee Stock Ownership Plan
StockIssuedDuringPeriodEmployeeStockOwnershipPlan
162000 USD
CY2013Q1 bfin Troubled Debt Restructuring Charge Off
TroubledDebtRestructuringChargeOff
0 USD
CY2012Q1 bfin Troubled Debt Restructuring Charge Off
TroubledDebtRestructuringChargeOff
500000 USD
CY2013Q1 bfin Loans Originated For Sale
LoansOriginatedForSale
3357000 USD
CY2012Q1 bfin Loans Originated For Sale
LoansOriginatedForSale
6127000 USD
CY2013Q1 bfin Loans Transferred To Real Estate Owned
LoansTransferredToRealEstateOwned
555000 USD
CY2012Q1 bfin Loans Transferred To Real Estate Owned
LoansTransferredToRealEstateOwned
1127000 USD
CY2013Q1 bfin Mortgage Servicing Rights Adjustable Rate Loans
MortgageServicingRightsAdjustableRateLoans
256000 USD
CY2012Q4 bfin Mortgage Servicing Rights Adjustable Rate Loans
MortgageServicingRightsAdjustableRateLoans
264000 USD
CY2013Q1 bfin Mortgage Servicing Rights Carrying Value
MortgageServicingRightsCarryingValue
1000000 USD
CY2012Q4 bfin Mortgage Servicing Rights Carrying Value
MortgageServicingRightsCarryingValue
1000000 USD
CY2013Q1 bfin Mortgage Servicing Rights Fixed Rate Loans
MortgageServicingRightsFixedRateLoans
757000 USD
CY2012Q4 bfin Mortgage Servicing Rights Fixed Rate Loans
MortgageServicingRightsFixedRateLoans
756000 USD
CY2012Q1 bfin Net Change In Advance Payments By Borrowers For Taxes And Insurance
NetChangeInAdvancePaymentsByBorrowersForTaxesAndInsurance
673000 USD
CY2013Q1 bfin Net Change In Advance Payments By Borrowers For Taxes And Insurance
NetChangeInAdvancePaymentsByBorrowersForTaxesAndInsurance
-915000 USD
CY2013Q1 bfin Noninterest Income From Trust
NoninterestIncomeFromTrust
181000 USD
CY2012Q1 bfin Noninterest Income From Trust
NoninterestIncomeFromTrust
184000 USD
CY2013Q1 bfin Number Of Loans
NumberOfLoans
1 loan
CY2012Q1 bfin Number Of Loans
NumberOfLoans
3 loan
CY2012Q1 bfin Number Of Loans Default Subsequent Modification
NumberOfLoansDefaultSubsequentModification
2 loan
CY2013Q1 bfin Number Of Loans Default Subsequent Modification
NumberOfLoansDefaultSubsequentModification
0 loan
CY2012Q1 bfin Troubled Debt Restructurings Value Of Decreased Interest Income
TroubledDebtRestructuringsValueOfDecreasedInterestIncome
0 USD
CY2013Q1 dei Entity Central Index Key
EntityCentralIndexKey
0001303942
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
21072966 shares
CY2013Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013Q1 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q1 dei Entity Registrant Name
EntityRegistrantName
BankFinancial CORP
CY2013Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2013Q1 bfin Unearned Employee Stock Ownership Plan Shares
UnearnedEmployeeStockOwnershipPlanShares
-1108938 shares
CY2012Q1 bfin Unearned Employee Stock Ownership Plan Shares
UnearnedEmployeeStockOwnershipPlanShares
-1233359 shares
CY2012Q1 bfin Weighted Average Exercise Price Of Anti Dilutive Stock Options
WeightedAverageExercisePriceOfAntiDilutiveStockOptions
16.53
CY2013Q1 bfin Weighted Average Exercise Price Of Anti Dilutive Stock Options
WeightedAverageExercisePriceOfAntiDilutiveStockOptions
0.00
CY2013Q1 bfin Weighted Average Number Of Shares Outstanding Basic Gross
WeightedAverageNumberOfSharesOutstandingBasicGross
21072966 shares
CY2012Q1 bfin Weighted Average Number Of Shares Outstanding Basic Gross
WeightedAverageNumberOfSharesOutstandingBasicGross
21072966 shares
CY2013Q1 dei Amendment Flag
AmendmentFlag
false
CY2013Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2013Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013Q1 dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
CY2013Q1 dei Document Type
DocumentType
10-Q

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