CF BANKSHARES INC.
For the period ended Dec 31, 2024. Filed Mar 14, 2025.
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FY2024 · Filed Mar 14, 2025
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, 2024 and 2023
| December 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| ASSETS | ||
| Cash and cash equivalents | $235,272 | $261,595 |
| Interest-bearing deposits in other financial institutions | 100 | 100 |
| Securities available for sale | 8,683 | 8,092 |
| Equity securities | 5,000 | 5,000 |
| Loans held for sale, at fair value | 2,623 | 1,849 |
| Loans and leases, net of allowance for credit losses of $17,474 and $16,865, respectively | 1,722,019 | 1,694,133 |
| FHLB and FRB stock | 8,918 | 8,482 |
| Premises and equipment, net | 3,536 | 3,812 |
| Operating lease right-of-use assets | 6,087 | 5,221 |
| Bank owned life insurance | 27,116 | 26,266 |
| Accrued interest receivable and other assets | 46,169 | 44,065 |
| Total assets | $2,065,523 | $2,058,615 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Deposits | ||
| Noninterest bearing | $273,668 | $235,916 |
| Interest bearing | 1,482,127 | 1,508,141 |
| Total deposits | 1,755,795 | 1,744,057 |
| FHLB advances and other debt | 92,680 | 109,995 |
| Advances by borrowers for taxes and insurance | 2,238 | 2,179 |
| Operating lease liabilities | 6,229 | 5,302 |
| Accrued interest payable and other liabilities | 25,144 | 26,747 |
| Subordinated debentures | 15,000 | 14,961 |
| Total liabilities | 1,897,086 | 1,903,241 |
| 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: 5,539,586 at December 31, 2024 and 5,665,958 at December 31, 2023 | 55 | 57 |
| Non-voting common stock, $0.01 par value; | ||
| shares issued: 1,260,700 at December 31, 2024 and December 31, 2023 | 13 | 13 |
| Series D preferred stock, $0.01 par value; 5,000 shares authorized; | ||
| 2,000 shares issued at December 31, 2024 and 0 shares issued at December 31, 2023 | - | - |
| Additional paid-in capital | 92,225 | 91,068 |
| Retained earnings | 88,290 | 76,517 |
| Accumulated other comprehensive loss | (1,803) | (2,290) |
| Treasury stock, at cost; 398,201 shares of voting common stock at December 31, 2024 and 381,098 shares of voting common stock at December 31, 2023 | (10,343) | (9,991) |
| Total stockholders' equity | 168,437 | 155,374 |
| Total liabilities and stockholders' equity | $2,065,523 | $2,058,615 |
CONSOLIDATED STATEMENTS OF INCOME
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