CENTRAL FEDERAL CORP CFBK Cash Flow

Central federal corp (CFBK)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Net income
2,006	3,023	2,617	2,280	1,681	1,296	1,055	1,130	792	-299	685	556	404	384	505	422	316	3,429	330	467	251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,917	-1,714
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-214	831	-385	-554	-810	-434	-1,909	-684	-739	-	-	-	-
Adjustments to reconcile net income to net cash from operating activities:
Provision for loan and lease losses
-	-	-	-	-	-	-	-	-	-	0	0	0	0	20	160	50	50	50	75	75	75	75	108	20	-230	76	324	326	186	543	200	200	1,119	405	432	1,419
Valuation (gain) loss on mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1	-1	1	-1	-2
Depreciation
86	85	82	78	71	60	67	62	59	58	49	50	51	52	52	54	53	54	53	52	52	53	57	70	52	44	54	53	54	54	54	62	67	73	93	104	114
Amortization, net
-159	-88	10	26	-44	-22	-16	14	-17	-9	-12	-51	-20	-12	-29	-17	-8	-11	43	-1	-6	20	35	64	70	99	94	110	134	144	172	180	177	226	265	175	192
Deferred income tax (benefit)
-38	-195	2	14	-8	75	4	4	2	33	43	23	-96	652	12	-10	-31	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Originations of loans held for sale
342,138	314,951	205,542	123,839	81,876	75,260	86,953	60,158	11,484	7,459	4,312	4,391	6,615	8,082	8,652	4,549	2,936	1,585	11,839	16,070	12,123	9,860	17,327	15,132	7,821	12,828	5,810	9,307	4,658	9,785	8,979	5,517	6,180	8,473	8,635	6,428	12,499
Proceeds from sale of loans held for sale
377,294	272,971	178,415	100,621	73,502	82,613	89,749	43,106	4,053	9,849	1,474	4,597	8,620	7,773	8,968	3,434	2,255	776	13,221	16,699	14,134	12,395	14,934	16,094	7,033	14,372	1,585	10,919	3,152	11,856	8,126	4,870	6,490	9,597	8,342	6,003	13,130
Net gains on sales of loans
2,844	3,832	3,070	2,362	1,503	659	451	509	308	5	23	24	23	37	46	23	28	-32	64	209	84	180	207	132	17	-24	-1	107	6	123	146	92	43	72	158	24	40
Write-down of premises and equipment
-	-	-	-	-	-	1	0	32	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on disposal of premises and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4	-	-	-	-
Gain on sale of foreclosed assets
-	0	0	0	12	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7	0	21	-	-	-	-	-	-	-	-
Earnings on bank owned life insurance
36	36	37	35	34	36	34	35	33	35	33	34	33	34	33	33	33	34	33	33	32	33	33	32	32	32	33	33	32	34	33	32	33	34	31	33	32
Stock-based compensation expense
143	137	136	138	116	86	98	96	96	65	59	61	61	30	33	29	30	32	31	36	35	47	69	75	74	77	32	29	21	5	-4	4	6	7	8	12	13
Net change in:
Accrued interest receivable and other assets
6,588	236	886	1,299	991	306	439	478	256	-191	-881	1,850	-184	602	-290	-272	-939	-328	-71	-232	-362	590	-6	543	-887	396	-177	74	116	740	-1,192	387	280	-514	515	120	-26
Operating lease right-of-use asset
95	-	-	-	127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use liability
104	-	-	-	107	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest payable and other liabilities
7,232	115	552	-42	712	460	146	591	-103	119	-974	1,682	-532	-22	337	-291	166	-334	154	-190	-135	254	-1,914	1,873	-11	-109	142	-270	68	-410	-153	346	359	-906	288	675	-103
Net cash from operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	118	1,457	-556	773	-514	2,017	1,058	2,541	2,490	-4,019	2,543	41	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from (used by) operating activities
34,949	-43,015	-27,729	-24,428	-8,366	8,307	3,227	-16,177	-7,167	3,487	-2,163	626	2,001	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,090	-1,888	-	-366	-1,011	27	570	-612	19	504
Cash flows from investing activities
Net increase in interest-bearing deposits in other financial institutions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-100	0	-	-	-	-	-	744	0	496	-	-	-	-	-	-	-	-	-	-	-	-
Available-for-sale securities:
Available-for-sale securities: Maturities, prepayments and calls
2,518	1,018	1,023	518	1,017	1,026	531	1,028	530	539	1,034	1,072	42	1,055	58	62	86	2,106	2,123	207	1,073	2,675	453	406	539	826	1,566	2,222	3,076	2,767	2,876	2,948	2,906	2,547	2,594	2,066	2,671
Available-for-sale securities: Purchases
5,552	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,447	0	4,463	2,537	-	-	-	-
Purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan and lease originations and payments, net
42,993	38,184	31,781	33,119	15,383	57,170	16,669	48,077	-3,599	18,447	21,879	4,817	14,821	16,926	4,988	22,575	4,567	13,091	779	20,612	10,049	9,724	560	38,907	1,807	36,783	-9,455	13,478	14,094	31,590	-8,767	-7,630	-10,708	-6,220	-12,582	-7,049	-10,396
Loans purchased
-	-	-	-	-	0	6,289	0	19,669	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of loans
-	5,410	0	251	886	-	-	-	-	-	-	-	-	0	0	0	1,124	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to premises and equipment
135	24	102	235	82	201	112	157	142	19	227	36	30	3	16	22	6	7	20	12	6	5	42	155	259	143	156	36	6	2	0	0	22	16	0	52	1
Purchase of FRB Stock
502	-	153	0	340	-	225	0	24	0	41	0	1,244	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of other investments
1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of investment- joint ventures
-	0	0	45	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of foreclosed assets
-	0	0	0	50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	81	0	68	-	-	-	-	0	0	0	1,000
Proceeds from mortgage insurance on foreclosed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14	-	-	-	-	-	-	-	-
Net cash used by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-21,855	-4,946	-22,435	-3,363	-10,498	-1,813	-17,754	-8,982	-11,825	595	-38,656	-1,031	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used by investing activities
-47,664	-31,819	-31,024	-34,757	-13,802	-56,615	-22,764	-48,681	-15,706	-18,628	-21,113	-3,584	-16,053	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,292	-10,942	-	11,741	8,288	11,055	6,657	18,523	6,105	14,066
Cash flows from financing activities:
Net change in deposits
2,182	60,376	57,361	-3,243	52,043	47,724	43,937	27,080	42,017	38,075	11,642	21,066	-27,119	29,505	49,821	3,591	1,964	16,649	-8,240	21,304	2,415	7,343	8,231	27,027	7,372	-2,377	5,985	35,935	-4,793	-6,088	-18,793	-9,541	-9,199	-9,717	-11,501	-10,684	21,485
Proceeds from FHLB advances and other debt
-	-	-	-	-	-	26,500	42,100	6,000	-	18,100	8,000	8,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term FHLB advances and other debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on FHLB advances and other debt
-	-	-	-	-	-	-	-	-	-	12,600	16,000	100	-	-	-	-	-	-	-	-	-	0	2,500	5,000	-	-	-	-	-	-	-	-	-	-	-	-
Net change in other debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-5,500	0	-1,026	-	-	-	6,955	-	-	-	-	-	-	-	-
Proceeds from FHLB advances and other debt
122,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on FHLB advances and other debt
82,025	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from FHLB advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on FHLB advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in advances by borrowers for taxes and insurance
-293	420	169	-58	-429	378	224	-11	-253	307	78	-28	-276	59	151	-155	-303	345	31	-21	-100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in short-term borrowings from the FHLB and other debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500
Repayments on long-term FHLB advances and other debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	3,000	2,200
Net change in advances by borrowers for taxes and insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-44	-31	438	-401	13	-13	67	-116	-70	69	35	-110	30	62	72
Cash dividends paid on Series B preferred stock
-	-	-	-	-	-	-	-	-	188	187	188	187	188	187	188	187	188	187	188	187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exercise of warrants to common stock
-	0	199	816	243	572	5	132	7	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes
27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury shares
49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost associated with issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	11	-	-	-	-	-	-	-	-
Net cash from financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	27,376	42,784	11,219	1,474	16,806	-8,396	21,095	2,128	7,358	14,727	33,416	3,408	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from financing activities
42,188	83,414	61,729	-2,485	50,857	56,244	46,166	27,201	47,771	32,683	17,033	12,850	-19,582	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,993	2,084	-	-1,437	-15,352	-9,234	-9,607	-14,531	-15,246	20,713
Net change in cash and cash equivalents
29,473	-	-	-	28,689	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	26,629	-37,657	24,898	-	-6,243	9,892	-33,634	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	5,639	39,295	-11,772	-1,116	5,794	-8,192	4,399	-4,313	-1,977	11,303	-2,697	2,418	-27,625	13,588	18,791	-10,746	-39,995	9,938	-8,075	1,848	-2,380	3,380	-9,122	35,283
Supplemental cash flow information:
Interest paid
3,624	10,853	-259	205	2,628	2,312	1,914	1,432	1,187	1,055	884	779	816	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	687	686	684	664	578	1,013	-18	691	411	484	511	482	479	929	562	674	670	843	796	904	823
Supplemental noncash disclosures:
Transfers from loans to repossessed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,472	96	103	83	-	-	-	-
Loans transferred from held for sale to portfolio
1,404	0	0	0	657	-	-	-	-	-	-	-	-	-	-	-	-	999	0	0	834	-	-	-	-	-	-	-	-	0	218	0	-109	-	-	-	-
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
13,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-