EXHIBIT 99.1

TF Financial Corporation Reports 2011 Results and Quarterly Cash Dividend

NEWTOWN, Pa., Jan. 26, 2012 (GLOBE NEWSWIRE) -- TF Financial Corporation (Nasdaq:THRD) today reported net income of $3,929,000 ($1.45 per diluted share) for 2011, a 17.2% increase over $3,352,000 ($1.25 per diluted share) reported for 2010. Net income for the three month period ended December 31, 2011 advanced to $1,532,000 ($0.57 per diluted share) compared with $659,000 ($0.24 per diluted share) during the comparable period of 2010. The Company also announced that its Board of Directors declared a quarterly dividend of $0.05 per share, payable February 15, 2012 to shareholders of record on February 8, 2012.

"We made good progress with both our financial performance and improved asset quality during a tough year for community banks in our region and nationally. Our consistent underlying operating earnings throughout the year is reflected in four sequential quarter-over-quarter increases in net income during 2011. This exceeded our internal plan for both the full year and the final quarter. We were able to further strengthen our solid capital base, maintain an uninterrupted dividend payout, and improve the net interest margin to compare very favorably with our peers, while reducing both non-performing assets and non-performing loans, especially towards the end of the year," said Kent C. Lufkin, President and Chief Executive Officer.

"We are seeing more favorable trends beginning to develop on the workouts of troubled loans, as well as in the sales and ultimate disposal of bank-owned real estate. We made good progress on both fronts during the fourth quarter as we continued to aggressively contribute to loan-loss reserves to help provide the flexibility necessary to produce tangible results, and we expect continuing momentum as we move into early 2012," Lufkin said.

Highlights for 2011 included:

  • Net income increased by $577,000 or 17.2% compared with 2010.
  • Net interest income increased by $513,000 or 2.2% compared with 2010. The Company's net interest margin was 3.85% for the year, an increase of 27 basis points compared with 2010. While low market interest rates resulted in an increase in mortgage prepayments with a resulting downward drift in loan yields and slight shrinkage in average loans outstanding throughout the year, these negative effects were more than offset by the positive effect of lower deposit costs, the outcome of an improving deposit mix and the maturity of older high-rate CDs.
  • The Bank's regulatory capital ratios have improved, with Tier 1 Core and Total Risk-Based ratios of 10.21% and 18.56% at year end, compared with 9.56% and 17.47% at December 31, 2010.
  • During 2011, loans outstanding decreased by $7.3 million or 1.4% to $502.7 million. While mortgage loan demand was strong during the year, as it was during 2010, commercial and consumer loan demand again was weak.
  • Deposits increased by $1.2 million or 0.2% to $551.3 million, and while the overall change was relatively small, there was a $23.1 million or 11.3% decrease in certificates of deposit balances, and a $24.3 million or 7.0% increase in core checking, savings and money market balances. The migration of maturing high-rate CDs into lower cost core accounts was in large part responsible for the 31 basis point decrease in the average cost of deposits for 2011 compared to 2010.
  • Non-performing assets were 3.56% of total assets at year end, down from 3.83% at year end 2010. Non-performing loans, virtually all of which were real estate secured, decreased during the year by $6.4 million to $12.5 million or 1.84% of total assets at year end. The Company also holds $11.7 million or 1.72% of total assets in foreclosed property at year end.
  • The allowance for loan losses was $8.1 million, a slight decrease of $0.2 million during the year, and stood at 1.61% of gross loans and 64.6% of non-performing loans at year end. The loan loss provision was $3.7 million for 2011, and net charge-offs were $3.9 million.
  • Non-interest income increased by $93,000 to $3.6 million during 2011 when compared with 2010, the result of a $740,000 increase in gains from sales of securities, less a decrease of $260,000 in retail banking fees and a decrease of $347,000 in gains on loans sold. Total non-interest expense increased by $572,000 to $18.8 million, largely the net effect of increases in compensation expense of $320,000, professional fees of $268,000, and foreclosed real estate expense of $431,000, less a reduction in FDIC insurance expense of $240,000.

TF Financial Corporation is a holding company whose principal subsidiary is 3rd Federal Bank, which operates 14 full service retail and commercial banking offices in Philadelphia and Bucks County, Pennsylvania and in Mercer County, New Jersey. In addition, the Bank's website can be found at www.thirdfedbank.com. Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by TF Financial Corporation with the Securities and Exchange Commission from time to time.   The Company does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.

T F FINANCIAL CORPORATION              
UNAUDITED FINANCIAL INFORMATION              
(dollars in thousands except per share data) QUARTER ENDED YEAR ENDED
  12/31/2011 9/30/2011 6/30/2011 3/31/2011 12/31/2010 12/31/2011 12/31/2010
               
               
EARNINGS SUMMARY              
               
Interest income  $ 7,613  $ 7,908  $ 7,932  $ 7,835  $ 8,021  $ 31,288  $ 33,568
Interest expense 1,550 1,903 1,943 2,019 2,243 7,415 10,208
Net interest income 6,063 6,005 5,989 5,816 5,778 23,873 23,360
Loan loss provision 850 528 1,450 900 1,500 3,728 4,241
Non-interest income 1,395 583 903 739 1,250 3,620 3,527
Non-interest expense 4,565 4,666 4,621 4,965 4,698 18,817 18,245
Income taxes 511 314 122 72 171 1,019 1,049
Net income  $ 1,532  $ 1,080  $ 699  $ 618  $ 659  $ 3,929  $ 3,352
               
               
PER SHARE INFORMATION              
               
Earnings per share, basic (2)  $ 0.57  $ 0.40  $ 0.26  $ 0.23  $ 0.24  $ 1.45  $ 1.25
Earnings per share, diluted (2)  $ 0.57  $ 0.40  $ 0.26  $ 0.23  $ 0.24  $ 1.45  $ 1.25
               
Weighted average basic shares (000's) (2)  2,711  2,703  2,699  2,696  2,692  2,702  2,679
Weighted average diluted shares (000's) (2)  2,711  2,704  2,700  2,696  2,692  2,703  2,679
               
Dividends paid (2)  $ 0.05  $ 0.05  $ 0.05  $ 0.05  $ 0.19  $ 0.20  $ 0.76
               
               
FINANCIAL RATIOS              
               
Annualized return on average assets 0.89% 0.62% 0.41% 0.36% 0.37% 0.57% 0.47%
Annualized return on average equity 7.75% 5.63% 3.74% 3.38% 3.48% 5.17% 4.55%
Efficiency ratio (1) 61.21% 70.83% 67.05% 75.74% 66.85% 68.44% 67.86%
               
               
REGULATORY CAPITAL RATIOS              
Tier 1 (Core) Capital Ratio 10.21% 9.87% 9.78% 9.79% 9.56%    
Total Risk-Based Capital Ratio 18.56% 17.76% 17.61% 17.45% 17.47%    
Tier 1 Risk-Based Capital Ratio 17.31% 16.51% 16.36% 16.20% 16.22%    
Tangible Equity Ratio 10.21% 9.87% 9.78% 9.79% 9.56%    
               
T F FINANCIAL CORPORATION              
UNAUDITED FINANCIAL INFORMATION              
(dollars in thousands except per share data) QUARTER ENDED YEAR ENDED
  12/31/2011 9/30/2011 6/30/2011 3/31/2011 12/31/2010 12/31/2011 12/31/2010
AVERAGE BALANCES              
               
Loans  $ 497,258  $ 502,574  $ 499,024  $ 501,543  $ 510,997  $ 500,095  $ 521,272
Mortgage-backed securities 61,079 66,283 63,940 66,401 72,059 64,416 78,401
Investment securities 67,843 67,662 68,439 67,035 61,902 67,747 58,204
Other interest-earning assets 6,699 3,237 4,420 3,237 7,816 5,406 9,534
Total earning assets 632,879 639,756 635,823 638,216 652,774 637,664 667,411
Non-earning assets 52,263 53,907 50,346 48,984 45,242 50,390 42,850
Total assets 685,142 693,663 686,169 687,200 698,016 688,054 710,261
               
Deposits 551,964 555,713 546,215 546,055 550,484 550,019 553,307
FHLB advances and other borrowed money 48,109 54,709 57,972 60,446 65,678 55,274 75,406
Total interest bearing liabilities 600,073 610,422 604,187 606,501 616,162 605,293 628,713
Non-interest bearing liabilities 6,600 7,075 7,039 6,482 6,681 6,802 7,847
Stockholders' equity 78,469 76,166 74,943 74,217 75,173 75,959 73,701
Total liabilities & stockholders' equity  $ 685,142  $ 693,663  $ 686,169  $ 687,200  $ 698,016  $ 688,054  $ 710,261
               
SPREAD AND MARGIN ANALYSIS              
               
Average yield on:              
Loans 5.13% 5.26% 5.38% 5.32% 5.23% 5.27% 5.41%
Mortgage-backed securities 4.22% 4.20% 4.21% 4.24% 4.48% 4.22% 4.59%
Investment securities 4.15% 4.13% 4.28% 4.35% 3.96% 4.26% 4.00%
Other interest-earning assets 0.11% 0.00% 0.09% 0.00% 0.05% 0.06% 0.06%
Total interest-earning assets 4.88% 5.01% 5.11% 5.08% 4.96% 5.02% 5.11%
               
Average cost of:              
Deposits 0.82% 1.02% 1.06% 1.08% 1.17% 0.99% 1.30%
FHLB advances and other borrowed money 3.39% 3.43% 3.49% 3.75% 3.78% 3.52% 3.98%
Total interest-bearing liabilities 1.02% 1.24% 1.29% 1.35% 1.44% 1.23% 1.62%
               
Interest rate spread 3.86% 3.77% 3.82% 3.73% 3.52% 3.79% 3.49%
Net interest margin 3.91% 3.83% 3.88% 3.80% 3.60% 3.85% 3.58%
               
NON-INTEREST INCOME DETAIL              
               
Service fees, charges and other  $ 456  $ 298  $ 479  $ 465  $ 662  $ 1,698  $ 1,958
Bank-owned life insurance  157  160  164  157  169  638  678
Gain/loss on sale investments  550  --   210  --   13  760  20
Gain on sale of loans  232  125  50  117  406  524  871
               
NON-INTEREST EXPENSE DETAIL              
               
Compensation and benefits  $ 2,573  $ 2,584  $ 2,622  $ 2,746  $ 2,569  $ 10,525  $ 10,205
Occupancy and equipment  719  699  736  818  747  2,972  3,003
Professional fees  266  263  324  478  383  1,331  1,063
Marketing and advertising  55  88  102  67  91  312  483
FDIC insurance premiums  149  142  151  233  229  675  915
Foreclosed real estate  308  317  119  61  160  805  374
Other operating  495  573  567  562  519  2,197  2,202
           
T F FINANCIAL CORPORATION          
UNAUDITED FINANCIAL INFORMATION          
(dollars in thousands except per share data) PERIOD ENDED
  12/31/2011 9/30/2011 6/30/2011 3/31/2011 12/31/2010
DEPOSIT INFORMATION          
           
Non-interest checking  $ 43,910  $ 46,591  $ 44,817  $ 41,920  $ 40,389
Interest checking 65,677 65,614 58,632 58,428 56,157
Money market 155,010 150,142 149,852 148,713 149,744
Savings 105,617 103,871 104,423 101,445 99,686
CD's 181,074 185,460 194,380 197,247 204,159
           
Per Share          
           
Book value (2)  $ 27.33  $ 27.44  $ 26.69  $ 26.32  $ 26.02
Tangible book value (2)  $ 25.81  $ 25.91  $ 25.16  $ 24.79  $ 24.48
Closing market price (2)  $ 22.72  $ 19.25  $ 21.42  $ 20.83  $ 21.23
           
Balance Sheet          
           
Loans  $ 502,713  $ 515,318  $ 508,371  $ 507,785  $ 509,986
Cash and cash equivalents 14,928 14,475 8,786 10,668 7,437
Mortgage-backed securities 58,970 63,029 67,520 61,476 69,660
Investment securities 65,778 65,514 68,551 67,364 67,231
Total assets 681,929 695,168 691,561 684,221 691,757
Total deposits 551,288 551,678 552,104 547,753 550,135
FHLB advances and other borrowed money 46,908 59,500 55,345 55,387 61,987
Stockholders' equity 77,408 77,499 75,332 74,270 73,416
           
Asset Quality          
           
Non-performing loans  $ 12,541  $ 17,103  $ 18,308  $ 21,064  $ 18,978
Allowance for loan losses   $ 8,100  $ 9,586  $ 9,108  $ 8,906  $ 8,328
Net charge-offs   $ 2,337  $ 49  $ 1,248  $ 322  $ 778
Allowance to gross loans 1.61% 1.86% 1.79% 1.75% 1.63%
Non-performing loans to gross loans 2.49% 3.32% 3.60% 4.15% 3.72%
Non-performing loans to total assets 1.84% 2.46% 2.65% 3.08% 2.74%
Foreclosed property  $ 11,731  $ 8,909  $ 9,245  $ 8,002  $ 7,482
Foreclosed property to total assets 1.72% 1.28% 1.34% 1.17% 1.08%
Non-performing assets to total assets 3.56% 3.74% 3.98% 4.25% 3.83%
           
Statistical          
           
Shares outstanding (000's) (2)  2,832  2,824  2,822  2,822  2,822
Number of branch offices  14  14  14  14  14
Full time equivalent employees  168  172  179  177  176
(1) The efficiency ratio is non-interest expense divided by net interest income plus non-interest income.        
(2) Shares outstanding at 12/31/2010 and per share amounts at and prior to 12/31/2010 have been adjusted for a 5% stock dividend declared January 26, 2011, distributed on February 28, 2011 to shareholders of record February 15, 2011.
           
CONTACT: Dennis R. Stewart, EVP/CFO
         (215) 579-4000

The following information was filed by Tf Financial Corp (THRD) on Thursday, January 26, 2012 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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