CF BANKSHARES INC
For the period ended Dec 31, 2023. Filed Mar 29, 2024.
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FY2023 · Filed Mar 29, 2024
CFBK$35.19+0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets at December 31, 2023 and 2022
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Cash and cash equivalents | $261,595 | $151,787 |
| Interest-bearing deposits in other financial institutions | 100 | 100 |
| Securities available for sale | 8,092 | 10,442 |
| Equity securities | 5,000 | 5,000 |
| Loans held for sale, at fair value | 1,849 | 580 |
| Loans and leases, net of allowance of $16,865 and $16,062, respectively | 1,694,133 | 1,572,255 |
| FHLB and FRB stock | 8,482 | 7,942 |
| Premises and equipment, net | 3,812 | 3,778 |
| Other assets held for sale | - | 1,930 |
| Operating lease right-of-use assets | 5,221 | 1,357 |
| Bank owned life insurance | 26,266 | 25,641 |
| Accrued interest receivable and other assets | 44,065 | 39,362 |
| Total assets | $2,058,615 | $1,820,174 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Deposits | ||
| Noninterest bearing | $235,916 | $263,241 |
| Interest bearing | 1,508,141 | 1,264,681 |
| Total deposits | 1,744,057 | 1,527,922 |
| FHLB advances and other debt | 109,995 | 109,461 |
| Advances by borrowers for taxes and insurance | 2,179 | 3,513 |
| Operating lease liabilities | 5,302 | 1,438 |
| Accrued interest payable and other liabilities | 26,747 | 23,670 |
| Subordinated debentures | 14,961 | 14,922 |
| Total liabilities | 1,903,241 | 1,680,926 |
| Commitments and contingent liabilities | - | - |
| Stockholders' equity | ||
| Common stock, $0.01 par value; | ||
| shares authorized: 9,090,909, including 1,260,700 shares of non-voting common stock | ||
| Voting common stock, $0.01 par value; shares issued: 5,665,958 at December 31, 2023 and 5,601,289 at December 31, 2022 | 57 | 56 |
| Non-voting common stock, $0.01 par value; | ||
| shares issued: 1,260,700 at December 31, 2023 and December 31, 2022 | 13 | 13 |
| Additional paid-in capital | 91,068 | 89,813 |
| Retained earnings | 76,517 | 61,095 |
| Accumulated other comprehensive loss | (2,290) | (2,037) |
| Treasury stock, at cost; 381,098 shares of voting common stock at December 31, 2023 and 365,165 shares of voting common stock at December 31, 2022 | (9,991) | (9,692) |
| Total stockholders' equity | 155,374 | 139,248 |
| Total liabilities and stockholders' equity | $2,058,615 | $1,820,174 |
CONSOLIDATED STATEMENTS OF INCOME
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.