Company: CFBK
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0000950170-25-068706
Chunk: 7

Company: CF BANKSHARES INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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(Dollars in thousands except per share data)

     March 31,

     December 31,

     2025

     2024

     (unaudited)

     ASSETS

     Cash and cash equivalents
     $
      
     240,986

     $
      
     235,272

     Interest-bearing deposits in other financial institutions

     100

     100

     Securities available for sale

     8,793

     8,683

     Equity securities

     —

     5,000

     Loans held for sale, at fair value

     3,505

     2,623

     Loans and leases, net of allowance for credit losses of $17,803 and $17,474, respectively

     1,750,139

     1,722,019

     FHLB and FRB stock

     8,022

     8,918

     Foreclosed assets, net

     524

     -

     Premises and equipment, net

     3,472

     3,536

     Operating lease right-of-use assets

     5,925

     6,087

     Bank owned life insurance

     27,341

     27,116

     Accrued interest receivable and other assets

     45,874

     46,169

     Total assets
     $
      
     2,094,681

     $
      
     2,065,523

     LIABILITIES AND STOCKHOLDERS' EQUITY

     Deposits

     Noninterest bearing
     $
      
     291,800

     $
      
     273,668

     Interest bearing

     1,491,889

     1,482,127

     Total deposits

     1,783,689

     1,755,795

     FHLB advances and other debt

     92,689

     92,680

     Advances by borrowers for taxes and insurance

     1,346

     2,238

     Operating lease liabilities

     6,083

     6,229

     Accrued interest payable and other liabilities

     23,183

     25,144

     Subordinated debentures

     15,009

     15,000

     Total liabilities

     1,921,