Central federal corp (CFBK)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and dividend income
Loans and leases, including fees

33,778

23,855

16,487

14,050

12,126

10,310

7,080

6,795

8,999

11,813

13,197

Securities

172

185

183

125

131

157

199

218

422

658

1,120

FHLB and FRB stock dividends

207

196

154

78

78

78

81

86

83

85

97

Federal funds sold and other

947

650

383

156

70

66

140

169

152

61

32

Total interest and dividend income

35,104

24,886

17,207

14,409

12,405

10,611

7,500

7,268

9,656

12,617

14,446

Interest expense
Deposits

11,684

6,102

3,059

2,657

2,212

1,562

1,636

2,108

2,780

3,318

4,723

Short-term FHLB advances and other debt

-

-

-

-

-

-

-

-

-

-

1

FHLB advances and other debt

704

611

263

254

232

162

310

345

530

698

1,027

Subordinated debentures

1,016

284

212

185

164

165

167

180

168

167

196

Total interest expense

13,404

6,997

3,534

3,096

2,608

1,889

2,113

2,633

3,478

4,183

5,947

Net interest income

21,700

17,889

13,673

11,313

9,797

8,722

5,387

4,635

6,178

8,434

8,499

Provision for loan and lease losses

-

-

-

230

250

278

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

496

1,129

3,375

8,468

9,928

Net interest income after provision for loan and lease losses

21,700

17,889

13,673

11,083

9,547

8,444

4,891

3,506

2,803

-34

-1,429

Noninterest income
Service charges on deposit accounts

553

491

409

-

-

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

741

491

412

353

245

271

294

345

Net gains on sales of loans

10,767

1,927

75

134

325

536

88

404

294

866

642

Loan servicing fees, net

-

-

-

-

-

-

-

-

-

-

36

Net loss on sales of securitites

-

-

-

0

-12

-

-

143

353

-

-

Gain on sale of fixed assets

-

-

-

-

-

-

1,114

-

-

-

-

Net gains on sales of securities

-

-

-

-

-

-

-

-

-

468

-

Earnings on bank owned life insurance

142

138

135

133

132

130

130

132

130

126

125

Gain on acquisition

-

-

-

-

-

-

-

-

-

-

208

Other

258

160

124

169

412

414

208

81

75

40

21

Total noninterest income

11,720

2,716

743

1,177

1,348

1,492

1,893

1,005

1,123

1,794

1,377

Noninterest expense
Salaries and employee benefits

11,170

8,199

6,074

4,965

4,753

4,445

3,849

3,906

4,043

4,211

4,166

Occupancy and equipment

965

792

671

579

533

571

326

269

278

203

481

Data processing

1,350

1,027

995

1,116

1,054

897

632

588

569

625

616

Franchise and other taxes

454

345

366

358

318

214

337

219

253

338

346

Professional fees

1,855

1,275

988

1,148

956

1,217

998

860

944

995

769

Director fees

547

413

312

228

150

122

25

119

181

137

108

Postage, printing and supplies

225

189

175

168

198

233

215

172

131

151

162

Advertising and marketing

2,829

1,393

154

125

145

110

40

30

37

107

52

Telephone

201

158

118

123

119

112

78

66

74

106

103

Loan expenses

232

116

170

141

207

82

90

137

81

83

-

Foreclosed assets, net

-9

6

-

-

-

-

-

-

-

-

-

Loan expenses

-

-

-

-

-

-

-

-

-

-

82

Foreclosed assets, net

-

-

18

65

137

328

45

652

1,187

4

-1

Depreciation

316

248

208

211

211

232

205

237

384

508

483

FDIC premiums

529

485

282

222

421

384

300

563

687

581

541

Amortization of intangibles

-

-

-

-

-

-

49

40

40

40

6

Regulatory assessment

165

146

127

62

131

167

158

143

168

120

89

Other insurance

99

86

92

109

121

130

148

153

135

63

51

Other

451

397

205

203

157

213

207

123

159

160

208

Total noninterest expense

21,379

15,275

10,955

9,823

9,611

9,457

7,702

8,277

9,351

8,432

8,262

Income before incomes taxes

12,041

5,330

3,461

2,437

1,284

479

918

3,766

5,425

-6,672

-8,314

Income tax expense

2,440

1,057

2,115

810

-3,193

0

0

0

0

198

1,577

Net income

9,601

4,273

1,346

1,627

4,477

479

-918

-3,766

-5,425

-6,870

-9,891

Accretion of discount and value of warrants exercised related to Series B preferred stock

-

-

666

857

857

421

-

-

425

410

407

Dividends on Series A preferred stock and accretion of discount

-

-

-

-

-

-

-

328

-

-

-

Discount on redemption of Series A preferred stock

-

-

-

-

-

-

-

4,960

-

-

-

Net income attributable to common stockholders

-

-

680

770

3,620

58

-918

866

-5,850

-7,280

-10,298

Earnings per common share:
Basic

2.05

1.02

0.21

0.05

0.23

0.00

-0.06

0.14

-7.09

-8.85

-2.51

Diluted

2.03

1.00

0.19

0.05

0.20

0.00

-0.06

0.14

-7.09

-8.85

-2.51