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Financial Information



Contact: Jill Wachholz, Chief Financial Officer


Oak Brook, Illinois - May 1, 2013 - Bancorp Financial, lnc., parent company of Evergreen BankGroup, today announced its unaudited results for the first quarter of 2013.

"We are pleased to report our twelfth consecutive quarterly profit, higher earnings, solid growth and excellent asset quality," said Darin Campbell, President & CEO. "Our first quarter 2013 net income is up 35 percent over the first quarter of 2013. The quality of our loan portfolio remains strong."

Income Statement ($000's)

Income Statement ($000's)3/31/20133/31/2012Percent Change
Interest Income$5,812$5,18312.1%
Interest Expense$891$1,038-14.2%
Net Interest Income$4,921$4,14518.7%
Provision for Loan Losses$125$450-72.2%
Net Interest Income after Provision for Loan Losses$4,796$3,69529.8%
Non-Interest Income$365$581-37.2%
Non-Interest Expense$3,168$2,80313.0%
Income before Income Taxes$1,993$1,47335.3%
Income Tax Expense$762$50152.1%
Net Income$1,231$97226.6%
Dividends and Discount Accretion on Preferred Shares($162)($178)-9.0%
Net Income available to Common Shareholders$1,069$79434.6%
Net Income Per Common Share$0.55$0.4134.1%

Balance Sheet Data ($000's)

Balance Sheet Data ($000's)3/31/20133/31/2012Percent Change
Liquid Assets$92,293$113,848-18.9%
Gross Loans$362,312$289,92125.0%
Allowance for Loan Losses($6,006)($6,151)-2.4%
Other Assets$16,178$8,63087.5%
Total Assets$464,777$406,24814.4%
Other Liabilities$3,478$1,495132.6%
Preferred Equity$14,643$14,6430.0%
Common Equity$28,482$24,81014.8%
Liabilities and Equity$464,777$406,24814.4%
Book Value per Common Share$14.54$12.6814.7%

Other Ratios

Other Ratios3/31/20133/31/2012Percent Change
Net Interest Spread4.54%4.27%6.3%
Net Interest Margin4.62%4.38%5.5%
ALL as a % of Loans1.66%2.12%-21.7%
Loan to Deposit Ratio87.67%80.23%9.3%

Evergreen Bank Group Capital Ratios

Evergreen Bank Group Capital Ratios3/31/20133/31/2012Percent Change
Tier 1 Capital11.73%13.35%-12.1%
Total Capital12.99%14.61%-11.1%
Leverage Ratio9.92%10.19%-2.6%

"We continue to be encouraged by our bank's growth, profitability, and strong asset quality," said Jill Wachholz, the Company's Chief Financial Officer.

About the Bank

Bancorp Financial is the bank holding company for Evergreen Bank Group, an Illinois-chartered bank headquartered in Oak Brook, Illinois. Evergreen provides full-service, community and business banking from its three Illinois branch locations; Oak Brook, Evergreen Park, and Hinsdale. Evergreen also provides comprehensive motorsport financing from a loan production office located in Reno, Nevada operating under the name FreedomRoad Financial and Performance Finance.