BankFinancial, National Association

Headquarters

21110 South Western Avenue
Olympia Fields, IL 60461
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.05% 1.00% →
1-Year CD 0.20% 0.95% →
2-Year CD 0.30% 0.95% →
5-Year CD 0.55% 1.30% →
30-Year Mortgage 5.24% 2.80% →
15-Year Mortgage 4.69% 2.37% →
HELOC N.A. 2.79% →

2020 Overview

General Bank Information

BankFinancial, National Association is an FDIC insured institution located in Olympia Fields, IL. It was founded in 1924 and has approximately $1.45 billion in assets. Customers can open an account at one of its 21 branches.

FDIC Insured Yes
FDIC Certificate # 28808
Date Established 1924
Assets $ 1,448.68 million
Loans $ 1,147.63 million
Deposits $ 1,268.54 million
Capital $ 163.98 million
 

For a more detailed analysis of BankFinancial, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Deposit Rates - October 19, 2020

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates APY MIN MAX
Savings
0.05% $2,500 $4,999 Learn More
Money Market
0.15% $2,500 $2,999 Learn More
Money Market
0.15% $10,000 $14,999 Learn More
Money Market
0.15% $25,000 $29,999 Learn More
Premium Money Market Account
0.30% $10,000 $14,999 Learn More
Premium Money Market Account
0.30% $25,000 $34,999 Learn More
CD Rates APY MIN MAX
3 Mo CD
0.10% $10,000 $14,999 Learn More
3 Mo CD
0.10% $100,000 $199,999 Learn More
6 Mo CD
0.15% $10,000 $14,999 Learn More
6 Mo CD
0.15% $100,000 $199,999 Learn More
12 Mo CD
0.20% $10,000 $14,999 Learn More
12 Mo CD
0.20% $100,000 $199,999 Learn More
18 Mo CD
0.25% $10,000 $14,999 Learn More
18 Mo CD
0.25% $100,000 $199,999 Learn More
24 Mo CD
0.30% $10,000 $14,999 Learn More
24 Mo CD
0.30% $100,000 $199,999 Learn More
30 Mo CD
0.35% $10,000 $14,999 Learn More
30 Mo CD
0.35% $100,000 $199,999 Learn More
36 Mo CD
0.40% $10,000 $14,999 Learn More
36 Mo CD
0.40% $100,000 $199,999 Learn More
48 Mo CD
0.50% $10,000 $14,999 Learn More
48 Mo CD
0.50% $100,000 $199,999 Learn More
60 Mo CD
0.55% $10,000 $14,999 Learn More
60 Mo CD
0.55% $100,000 $199,999 Learn More

Int Checking Rates APY MIN MAX
Int Ckg
0.15% $2,500 $3,499 Learn MoreShow Less

Loan Rates - October 19, 2020

Your Current Location: Virginia, VA 20146

Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.

Branches

BankFinancial, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


BankFinancial, National Association Locations


Financial Details

BankFinancial, National Association Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of BankFinancial, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
BankFinancial, National Association U.S. Bank Average
0.51% 6.94%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of March 31, 2020, BankFinancial, National Association had $763,000 in non-current loans and $110,000 in owned real estate. To cover these potential losses it had $163,975,000 in equity and $8,112,000 in loans loss reserves. That gives it a Texas Ratio of 0.51%.

Return on Equity
BankFinancial, National Association U.S. Bank Average
6.57% 7.80%

BankFinancial, National Association has a Return on Equity of 6.57% versus the BestCashCow average of 7.80%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

Capitalization
BankFinancial, National Association U.S. Bank Average
11.32% 12.68%

BankFinancial, National Association has a Capitalization of 11.32% versus the BestCashCow average of 12.68. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

BankFinancial, National Association Balance Sheet Analysis

As of March 31, 2020, BankFinancial, National Association had assets of $1,448,679,000, loans of $1,147,628,000, and deposits of $1,268,544,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

March 31, 2020
ASSETS
Cash & Balances due from depository institutions $ 223.17 million
Interest-bearing balances $ 208.52 million
Total securities $ 10.62 million
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 1,147.63 million
Loan loss allowance $ 8.11 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.11 million
Goodwill and other intangibles $ 0.35 million
All other assets $ 36.86 million
     Total Assets $ 1,284.70 million
LIABILITIES
Total deposits $ 1,268.54 million
      Interest-bearing deposits $ 1,042.61 million
      Deposits held in domestic offices $ 1,268.54 million
      % insured (estimated) 87.44%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds N.A.
Subordinated debt N.A.
All other liabilities $ 16.16 million
      Total Liabilities $ 1,284.70 million
      Shareholders’ Equity $ 163.98 million

Summary Income Statement

March 31, 2020
INCOME AND EXPENSES
Total Interest Income $ 14.72 million
Total Interest Expense $ 2.68 million
Net interest income $ 12.03 million
Provision for loan and lease losses $ 0.47 million
Total non interest income $ 1.37 million
Total non interest expense $ 9.28 million
Pre-tax Net Operating Income $ 3.65 million

Bank Loan Profile?

The top three loan types in BankFinancial, National Association’s loan portfolio are Multifamily Mortgages, Commercial and Industrial Loans, and Commercial Real Estate.

Compared to other banks in Illinois, BankFinancial, National Association has a significantly higher percent of Multifamily Mortgages, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 4.61
Multifamily
Mortgages
47.31
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 0.00
Construction and Development Loans 0.00
Commercial Real Estate 11.62
Commercial and Industrial Loans 36.84
Farm Loans 0.00

Frequently Asked Questions About Bankfinancial, National Association

Branches and Savings

Is Bankfinancial, National Association FDIC insured?

Yes. It is covered under FDIC Certificate #28808.

Why does Bankfinancial, National Association pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Bankfinancial, National Association CD rates not competitive?

See the best online CD rates here. See the best local CD rates here.

Is Bankfinancial, National Association a commercial bank?

Yes

Where are Bankfinancial, National Association locations?

See branch locations nearby.

Is Bankfinancial, National Association open on Saturdays?

Is Bankfinancial, National Association open on Sundays?

What time does Bankfinancial, National Association open?

What time does Bankfinancial, National Association close?

Are Bankfinancial, National Association ATMs Open 24/7?

Do Bankfinancial, National Association ATMs accept cash deposits?

Can Bankfinancial, National Association customers use other ATMs?

Do Bankfinancial, National Association branches have notaries?

Will Bankfinancial, National Association notarize my document?

What address for Bankfinancial, National Association should I put for incoming ACH transfers?

Will the Bankfinancial, National Association branch print checks?

Do Bankfinancial, National Association checks expire?

Does Bankfinancial, National Association require US citizenship to open account?

Can Bankfinancial, National Association close my account?

Does Bankfinancial, National Association Report to credit bureaus?

Does Bankfinancial, National Association Use Equifax?

What is Bankfinancial, National Association's ACH Routing Number?

What is Bankfinancial, National Association's SWIFT code?

Products

Does Bankfinancial, National Association offer mortgages?

Compare mortgage rates here.

Does Bankfinancial, National Association offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Bankfinancial, National Association offer personal loans?

Compare personal loan rates here.

Does Bankfinancial, National Association offer student loans?

Will Bankfinancial, National Association cash a check?

Will Bankfinancial, National Association redeem a savings bond?

Does Bankfinancial, National Association cash savings bonds?

Will Bankfinancial, National Association cash money orders?

Can Bankfinancial, National Association issue a money order?

Does Bankfinancial, National Association do currency exchange?

Background on The Bank

Who owns Bankfinancial, National Association?

How long has Bankfinancial, National Association been around?

Can Bankfinancial, National Association transfer to other banks?

Does Bankfinancial, National Association have quick pay?

Does Bankfinancial, National Association accept rolled coins?

Will Bankfinancial, National Association accept loose change?

Where is Bankfinancial, National Association headquarters?

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