C
CF BANKSHARES INC.
Period
FY 2025
Revenue
—
Net Income
$17.54M
Total Assets
$2.12B
Equity
$184.43M
Shares Out
5.32M
Op. Cash Flow
$18.69M
Business
CF Bankshares Inc. is a bank holding company whose subsidiary, CFBank, is a national bank serving closely held businesses and entrepreneurs across five major metro markets (Columbus, Cleveland, Cincinnati, Akron, Ohio and Indianapolis, Indiana). CFBank originates and holds commercial, commercial real estate, multi-family and single-family residential mortgage loans, construction loans, and consumer loans, generating revenue from interest and fees on loans and noninterest income from loan sales. The bank funds operations primarily through retail and business deposits, certificates of deposit, brokered deposits, FHLB advances, and loan repayments.
Summary from 10-K filed 2026-03-12
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans and leases, including fees | 109 | 107 | 97 | 64 | 51 | |
| Securities | 359,000 | 549,000 | 658,000 | 881,000 | 756,000 | |
| FHLB and FRB stock dividends | 629,000 | 675,000 | 592,000 | 348,000 | 234,000 | |
| Federal funds sold and other | 10 | 10 | 10 | 3 | 102,000 | |
| Total interest and dividend income | 120 | 118 | 108 | 68 | 52 | |
| Deposits | 60 | 67 | 56 | 16 | 8 | |
| FHLB advances and other debt | 4 | 3 | 3 | 2 | 1 | |
| Subordinated debentures | 1 | 1 | 1 | 982,000 | 897,000 | |
| Total interest expense | 65 | 72 | 61 | 19 | — | |
| Net interest income | 55 | 47 | 48 | 49 | 42 | |
| Provision for credit losses-loans | 8 | 6 | 2 | 787,000 | −2 | |
| Provision for credit losses-unfunded commitments | 739,000 | 650,000 | 459,000 | — | — | |
| Total provision for credit losses | 8 | 7 | 2 | 787,000 | −2 | |
| Net interest income after provision for credit losses | 47 | 40 | 45 | 48 | 44 | |
| Service charges on deposit accounts | 3 | 3 | 2 | 1 | 845,000 | |
| Net gains on sales of residential mortgage loans | 716,000 | 435,000 | 119,000 | 656,000 | 6 | |
| Net (losses) gains on sales of commercial loans | −18,000 | 246,000 | 66,000 | — | — | |
| Net loss on sale of equity security | −103,000 | — | — | — | — | |
| Earnings on bank owned life insurance | 933,000 | 850,000 | 625,000 | 598,000 | 532,000 | |
| Swap fee income | 424,000 | 321,000 | 715,000 | 190,000 | 194,000 | |
| Other | 1 | 818,000 | 940,000 | 451,000 | 434,000 | |
| Total noninterest income | 6 | 5 | 4 | 3 | 12 | |
| Salaries and employee benefits | 16 | 14 | 15 | 15 | 17 | |
| Occupancy and equipment | 2 | 2 | 2 | 1 | 1 | |
| Data processing | 3 | 3 | 2 | 3 | 2 | |
| Franchise and other taxes | 1 | 1 | 1 | 1 | 975,000 | |
| Professional fees | 3 | 3 | 2 | 3 | 4 | |
| Director fees | 686,000 | 574,000 | 658,000 | 632,000 | 622,000 | |
| Postage, printing and supplies | 142,000 | 152,000 | 149,000 | 183,000 | 146,000 | |
| Advertising and marketing | 418,000 | 134,000 | 336,000 | 431,000 | 3 | |
| Telephone | 186,000 | 210,000 | 257,000 | 249,000 | 263,000 | |
| Loan expenses | 915,000 | 1 | 619,000 | 694,000 | 352,000 | |
| Foreclosed assets, net | 18,000 | — | — | — | — | |
| Depreciation | 476,000 | 486,000 | 567,000 | 496,000 | 435,000 | |
| FDIC premiums | 2 | 2 | 2 | 1 | 1 | |
| Regulatory assessment | 216,000 | 258,000 | 242,000 | 272,000 | 261,000 | |
| Other insurance | 194,000 | 198,000 | 209,000 | 177,000 | 158,000 | |
| Impairment of premises and equipment | — | 56,000 | 60,000 | 570,000 | 17,000 | |
| Other | 934,000 | 831,000 | 945,000 | 693,000 | 431,000 | |
| Total noninterest expense | 31 | 29 | 28 | 29 | 32 | |
| Income before incomes taxes | 22 | 16 | 21 | 23 | 23 | |
| Income tax expense | 4 | 3 | 4 | 4 | 4 | |
| Net income | 18 | 13 | 17 | 18 | 18 | |
| Earnings allocated to participating securities (Series D preferred stock) | −540,000 | −361,000 | — | — | — | |
| Net income attributable to common stockholders | 17 | 13 | 17 | 18 | 18 | |
| Basic | 2.7 | 2.08 | 2.64 | 2.84 | 2.84 | |
| Diluted | 2.69 | 2.06 | 2.63 | 2.78 | 2.77 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 259 | 235 | 262 | 152 | 167 | |
| Interest-bearing deposits in other financial institutions | 100,000 | 100,000 | 100,000 | 100,000 | 100,000 | |
| Securities available for sale | 17 | 9 | 8 | 10 | 16 | |
| Equity securities | 0 | 5 | 5 | 5 | 5 | |
| Loans held for sale, at fair value | 6 | 3 | 2 | 580,000 | 28 | |
| Loans and leases, net of allowance for credit losses of $17,678 and $17,474, respectively | 1,739 | 1,722 | 1,694 | 1,572 | — | |
| FHLB and FRB stock | 8 | 9 | 8 | 8 | 7 | |
| Premises and equipment, net | 4 | 4 | 4 | 4 | 6 | |
| Operating lease right-of-use assets | 6 | 6 | 5 | 1 | 2 | |
| Bank owned life insurance | 28 | 27 | 26 | 26 | 26 | |
| Accrued interest receivable and other assets | 51 | 46 | 44 | 39 | 25 | |
| Total assets | 2,117 | 2,066 | 2,059 | 1,820 | 1,496 | |
| Noninterest bearing | 286 | 274 | 236 | 263 | 285 | |
| Interest bearing | 1,495 | 1,482 | 1,508 | 1,265 | 961 | |
| Total deposits | 1,781 | 1,756 | 1,744 | 1,528 | 1,246 | |
| FHLB advances and other debt | 101 | 93 | 110 | 109 | 90 | |
| Advances by borrowers for taxes and insurance | 3 | 2 | 2 | 4 | 3 | |
| Operating lease liabilities | 6 | 6 | 5 | 1 | 2 | |
| Accrued interest payable and other liabilities | 28 | 25 | 27 | 24 | 15 | |
| Subordinated debentures | 15 | 15 | 15 | 15 | 15 | |
| Total liabilities | 1,933 | 1,897 | 1,903 | 1,681 | 1,370 | |
| Commitments and contingent liabilities | — | — | — | — | — | |
| Series D preferred stock, $0.01 par value; 5,000 shares authorized; 2,000 shares issued at December 31, 2025 and December 31, 2024 | — | — | — | — | — | |
| Additional paid-in capital | 94 | 92 | 91 | 90 | 89 | |
| Retained earnings | 104 | 88 | 77 | 61 | 44 | |
| Accumulated other comprehensive loss | −1 | −2 | −2 | −2 | −170,000 | |
| Treasury stock, at cost; 459,113 shares of voting common stock at December 31, 2025 and 398,201 shares of voting common stock a December 31, 2024 | −12 | −10 | −10 | −10 | −7 | |
| Total stockholders' equity | 184 | 168 | 155 | 139 | 125 | |
| Total liabilities and stockholders' equity | 2,117 | 2,066 | 2,059 | 1,820 | 1,496 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation | 476,000 | 486,000 | 567,000 | 496,000 | 435,000 | |
| Accretion, net | −2 | −1 | −1 | −881,000 | — | |
| Deferred income tax (benefit) expense | −186,000 | −365,000 | 456,000 | 215,000 | 773,000 | |
| Net loss on sale of equity security | 103,000 | — | — | — | — | |
| Originations of loans held for sale | −50 | −48 | −11 | −97 | −2,359 | |
| Proceeds from sale of loans held for sale | 47 | 47 | 10 | 124 | 2,603 | |
| Net gains on sales of residential mortgage loans | −716,000 | −435,000 | −119,000 | −656,000 | −6 | |
| Loss on disposal of premises and equipment | 0 | 56,000 | 60,000 | 570,000 | — | |
| Loss on sale of other assets held for sale | 0 | 0 | 13,000 | — | — | |
| Earnings on bank owned life insurance | −933,000 | −850,000 | −625,000 | −598,000 | −532,000 | |
| Restricted stock expense, net of forfeitures | 1 | 1 | 1 | — | — | |
| Accrued interest receivable and other assets | 1 | 4 | −3 | −6 | 18 | |
| Operating lease right-of-use asset | 661,000 | 753,000 | 687,000 | 568,000 | 461,000 | |
| Operating lease liability | −605,000 | −692,000 | −686,000 | −594,000 | −498,000 | |
| Accrued interest payable and other liabilities | −4 | −8 | 2 | 1 | −15 | |
| Net cash from operating activities | 19 | 14 | 18 | 40 | 253 | |
| Available-for-sale securities: Maturities, prepayments and calls | 1 | 2 | 2 | 4 | 5 | |
| Available-for-sale securities, Purchases | −9 | −2 | 0 | — | −13 | |
| Proceeds from the sale of equity security | 5 | 0 | 0 | — | — | |
| Loan and lease originations and payments, net | −33 | −32 | −125 | −365 | −311 | |
| Purchase of loans and leases | −10 | −6 | 0 | — | — | |
| Proceeds from the sale of loans | 20 | 6 | 2 | 13 | 33 | |
| Additions to premises and equipment | −487,000 | −266,000 | −661,000 | −905,000 | −3 | |
| Redemption (purchase) of FRB and FHLB stock | 564,000 | −436,000 | −540,000 | — | — | |
| Purchase of other investments | 0 | 0 | −1 | — | −2 | |
| Other adjustments | 477,000 | 578,000 | −341,000 | 582,000 | — | |
| Proceeds from the sale of foreclosed assets | 524,000 | — | — | — | — | |
| Proceeds from the sale of assets held for sale | 0 | 0 | 2 | — | — | |
| Net cash used by investing activities | −25 | −33 | −122 | −353 | −317 | |
| Net change in deposits | 25 | 12 | 216 | 282 | 238 | |
| Proceeds from FHLB advances and other debt | 10 | 27 | 37 | 40 | 174 | |
| Repayments on FHLB advances and other debt | −2 | −45 | −37 | −20 | −229 | |
| Net change in advances by borrowers for taxes and insurance | 285,000 | 59,000 | −1 | 761,000 | 2 | |
| Cash dividends paid | −2 | −2 | −1 | −1 | −848,000 | |
| Proceeds from exercise of stock options | 0 | 0 | 84,000 | 387,000 | 185,000 | |
| Acquisition of treasury shares surrendered upon vesting of restricted stock and exercised options for payment of taxes and exercise proceeds | −147,000 | −129,000 | −122,000 | −173,000 | −139,000 | |
| Purchase of treasury shares | −1 | −223,000 | −177,000 | −2 | −3 | |
| Net cash from (used by) financing activities | 30 | −8 | 214 | 299 | 8 | |
| Net change in cash and cash equivalents | 24 | −26 | 110 | −15 | −55 | |
| Interest paid | 65 | 72 | 59 | 18 | 11 | |
| Income tax paid | 3 | 664,000 | 4 | 2 | 4 | |
| Transfer from loans to foreclosed assets | 524,000 | — | — | — | — | |
| Investment payable on limited partnerships | 6 | 6 | 889,000 | 8 | 8 | |
| Initial recognition of operating lease right-of-use asset | 254,000 | 2 | 5 | — | 999,000 | |
| Initial recognition of operating lease liability | 254,000 | 2 | 5 | — | — |
Filings
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Frequently asked questions
What is CF BANKSHARES INC.'s CIK number?
CF BANKSHARES INC.'s SEC CIK number is 0001070680 (1070680). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CF BANKSHARES INC.'s SEC filings?
All of CF BANKSHARES INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CF BANKSHARES INC. last report earnings?
CF BANKSHARES INC. (CFBK) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001193125-26-205631). This is CF BANKSHARES INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is CF BANKSHARES INC.'s most recent earnings 8-K?
CF BANKSHARES INC.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001193125-26-205631. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View CF BANKSHARES INC.'s latest earnings 8-K →
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