Central federal corp (CFBK)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Net income

9,601

4,273

1,346

1,627

4,477

479

-

-

-

-6,870

-9,891

Net loss

-

-

-

-

-

-

-918

-3,766

-5,425

-

-

Adjustments to reconcile net income to net cash from operating activities:
Provision for loan and lease losses

-

-

-

230

250

278

496

1,129

3,375

8,468

9,928

Provision for losses on foreclosed assets

-

-

-

-

-

-

-

962

1,139

0

-

Valuation allowance on foreclosed assets

-

-

-

-

-

-

-

-

-

-

0

Valuation (gain) loss on mortgage servicing rights

-

-

-

-

-

-

-

-1

-3

1

-4

Depreciation

316

248

208

211

211

232

205

237

384

508

483

Amortization, net

-96

-41

-92

-66

25

189

437

673

858

509

-38

Deferred income tax (benefit)

-187

85

3

623

-3,251

-

-

-

-

-

-

Revaluation of net deferred tax assets

-

-

979

-

-

-

-

-

-

-

-

Net loss on sales of securities

-

-

-

0

-12

-

-

143

353

-

-

Net realized gains on sales of securities

-

-

-

-

-

-

-

-

-

468

-

Originations of loans held for sale

726,208

233,855

22,777

24,219

41,617

50,140

32,603

30,461

36,035

79,506

66,024

Proceeds from sale of loans held for sale

625,509

219,521

24,540

22,430

44,830

50,456

30,028

31,342

37,072

80,192

63,312

Net gains on sales of loans

10,767

1,927

75

134

325

536

88

404

294

866

642

Write-down of premises and equipment

-

-33

-

-16

-

-

-

-

-2

0

-

Valuation loss on loans transferred from held for sale to portfolio

-

-

-

-

-

-

-

-

-

-

5

Net gain on acquisition

-

-

-

-

-

-

-

-

-

-

208

(Gain) loss on disposal of premises and equipment

-

-

-

-

-

-

-1,114

4

-

1

-

Gain on sale of foreclosed assets

12

-

-7

4

-

-

28

338

8

0

1

Earnings on bank owned life insurance

142

138

135

133

132

130

130

132

130

126

125

Stock-based compensation expense

527

376

246

122

134

265

159

11

40

7

83

Change in deferred income taxes

-

-

-

-

-

-

-

-

-

-198

-1,579

Net change in:
Accrued interest receivable and other assets

3,412

1,479

594

-899

-993

240

409

215

95

-632

542

Operating lease right-of-use asset

404

-

-

-

-

-

-

-

-

-

-

Operating lease right-of-use liability

408

-

-

-

-

-

-

-

-

-

-

Accrued interest payable and other liabilities

1,337

1,094

295

190

-505

202

-169

142

-46

367

-442

Net cash from operating activities

-

-

-

1,792

5,102

1,055

-4,134

-960

-

-

-

Net cash from (used by) operating activities

-103,538

-11,810

3,951

-

-

-

-

-

481

3,047

-2,527

Cash flows from investing activities
Net increase in interest-bearing deposits in other financial institutions

-

-

-

-100

494

1,488

-

-

-

-

-

Net increase in interest-bearing deposits in other financial institutions

-

-

-

-

-

-

744

-742

-1,984

-

-

Available-for-sale securities:
Sales

-

-

-

-

-

-

-

2,144

12,219

-

-

Net increase in interest-bearing deposits in other financial institutions

-

-

-

-

-

-

-

-

-

0

-

Sales

-

-

-

-

-

-

-

-

-

13,632

-

Available-for-sale securities: Maturities, prepayments and calls

3,576

3,115

2,687

1,261

5,509

4,073

7,690

11,497

9,878

7,173

6,419

Available-for-sale securities: Purchases

1,494

1,475

504

5,981

4,573

5,019

-

13,447

12,473

28,599

3,698

Loan and lease originations and payments, net

118,467

118,317

59,964

49,056

44,531

50,998

54,900

4,485

-36,247

-18,086

4,403

Loans purchased

-

25,958

-

-

-

-

-

-

-

-

-

Proceeds from the sale of loans

6,547

-

-

1,124

4,099

-

-

-

-

-

-

Loans purchased

-

-

-

-

-

-

-

-

-

-

2,231

Proceeds from sale of portfolio loans

-

-

-

-

-

-

-

-

-

10,073

-

Proceeds from redemption of FHLB stock

-

-

-

-

-

-

-

-

-

-

167

Additions to premises and equipment

443

612

312

47

45

461

341

24

69

56

40

Purchase of FRB and FHLB Stock

532

249

-

-

-

-

-

-

-

-

-

Purchase of FRB Stock

-

-

1,285

-

-

-

-

-

-

-

-

Purchase of other investments

734

500

-

-

-

-

-

-

-

-

-

Return of investment- joint ventures

95

230

-

-

-

-

-

-

-

-

-

Proceeds from the sale of assets held for sale

-

-

-

-

-

-

3,187

-

533

0

-

Proceeds from the sale of premises and equipment

-

-

-

-

-

-

-

-

-

-

1

Proceeds from the sale of foreclosed assets

50

-

-

200

-

-

149

1,720

1,000

0

28

Proceeds from mortgage insurance on foreclosed assets

-

-

-

-

-

-

14

73

-

0

-

Net cash used by investing activities

-

-

-

-52,599

-39,047

-50,917

-43,457

-3,264

-

-

-

Net cash used in acquisition

-

-

-

-

-

-

-

-

-

-

675

Net cash used by investing activities

-111,402

-143,766

-59,378

-

-

-

-

-

45,351

20,309

-4,432

Cash flows from financing activities:
Net change in deposits

166,537

160,758

43,664

84,881

32,128

49,973

34,750

-43,621

-10,417

16,230

3,363

Proceeds from FHLB advances and other debt

-

-

-

-

-

-

-

-

-

-

17,942

Repayments on FHLB advances and other debt

-

-

-

-

-

-

-

5,742

-

-

-

Net change in other debt

-

-

-

-

-

-6,526

6,526

-

-8,200

-

-

Proceeds from FHLB advances and other debt

766,700

74,600

34,250

37,700

2,500

22,500

-

-

-

-

-

Repayments on FHLB advances and other debt

764,700

68,600

34,250

38,700

2,500

18,000

-

-

-

-

-

Net proceeds from issuance of subordinated debentures

-

9,612

-

-

-

-

-

-

-

-

-

Net change in advances by borrowers for taxes and insurance

102

338

81

-248

255

-174

-

-

-

-

-

Net proceeds from issuance of Series C preferred stock in private placement

14,000

-

-

-

-

-

-

-

-

-

-

Net proceeds from issuance of common stock in private placement

9,641

-

-

-

-

-

-

-

-

-

-

Net change in short-term borrowings from the FHLB and other debt

-

-

-

-

-

-

-

-

-

-2,065

-3,785

Repayments on long-term FHLB advances and other debt

-

-

-

-

-

-

-

-

-

6,000

11,200

Net change in advances by borrowers for taxes and insurance

-

-

-

-

-

-

-334

-82

54

-52

6

Cash dividends paid on common stock

-

-

-

-

-

-

-

-

-

-

205

Cash dividends paid on Series B preferred stock

-

-

750

750

750

233

-

-

-

271

341

Exercise of warrants to common stock

1,258

716

38

-

-

-

-

-

-

-

-

Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes

23

42

49

-

-

-

-

-

-

-

-

Purchase of treasury shares

-

-

-

30

-

-

-

-

-

-

-

Net proceeds from issuance of Series B preferred stock

-

-

-

-

-

11,369

-

-

-

-

-

Redemption of TARP obligations

-

-

-

-

-

-

-

3,000

-

-

-

Redemption of TARP obligations

-

-

-

-

-

-

-

-

-

0

-

Proceeds from sale of common stock

-

-

-

-

-

-

-

20,221

-

0

-

Cost associated with issuance of common stock

-

-

-

-

-

-

11

-

-

-

-

Net cash from financing activities

-

-

-

82,853

31,633

58,909

41,599

-32,060

-

-

-

Costs associated with issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

13

Net cash from financing activities

193,515

177,382

42,984

-

-

-

-

-

-18,671

7,946

5,755

Net change in cash and cash equivalents

-21,425

21,806

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-12,443

32,046

-2,312

9,047

-5,992

-36,284

27,161

31,302

-1,204

Supplemental cash flow information:
Interest paid

13,427

6,845

3,534

3,061

-

-

-

-

-

-

-

Interest paid

-

-

-

-

2,612

2,097

1,956

2,835

3,366

4,152

6,095

Income tax paid

2,510

968

1,230

70

-

-

-

-

-

25

-

Supplemental noncash disclosures:
Transfers from loans to repossessed assets

-

38

-

204

-

-

246

1,754

-

4,509

174

Premises and equipment transferred to assets held for sale

-

-

-

-

-

-

-

-

-

535

-

Loans issued to finance the sale of repossessed assets

-

-

197

1,440

-

-

-

171

-

0

162

Loans transferred from held for sale to portfolio

657

-

-

-

1,833

-

-

109

-

0

1,852

Loans transferred from portfolio to held for sale

-

-

-

-

1,561

-

-

-

-

-

-

Investment payable on limited liability corporation and limited partnership

1,170

500

492

-

-

-

-

-

-

-

-

Transfer of other liability to operating lease right-of-use asset

184

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating right-of-use lease asset

2,368

-

-

-

-

-

-

-

-

-

-

Initial recognition of operating right-of-use lease liability

2,368

-

-

-

-

-

-

-

-

-

-

Loans held for sale funded with other debt, net of repayments

7,517

-

-

-

-

-

-

-

-

-

-

Transfer from premises and equipment to assets held for sale

-

-

-

-

-

-

1,903

-

167

-

-