CENTRAL FEDERAL CORP CFBK Income Statement

Central federal corp (CFBK)

Income statement / TTM

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	Sep'10	Jun'10
Interest and dividend income
Loans and leases, including fees
36,040	33,778	31,182	28,974	26,478	23,855	21,406	19,251	17,675	16,487	15,555	14,988	14,450	14,050	13,502	12,917	12,459	12,126	12,001	11,776	11,134	10,310	9,300	8,274	7,606	7,080	6,631	6,465	6,500	6,795	7,358	7,867	8,448	8,999	9,820	10,729	0	0	0
Securities
173	172	176	180	184	185	183	178	178	183	175	160	143	125	120	122	126	131	133	140	148	157	168	182	183	199	207	200	215	218	209	232	330	422	533	637	0	0	0
FHLB and FRB stock dividends
197	207	209	208	203	196	191	186	179	154	128	102	80	78	78	78	78	78	78	78	78	78	77	79	80	81	85	84	85	86	83	83	83	83	85	86	0	0	0
Federal funds sold and other
699	947	1,018	999	858	650	581	522	422	383	327	272	235	156	97	85	82	70	69	67	66	66	79	101	123	140	154	159	163	169	165	162	162	152	127	104	0	0	0
Total interest and dividend income
37,109	35,104	32,585	30,361	27,723	24,886	22,361	20,137	18,454	17,207	16,185	15,522	14,908	14,409	13,797	13,202	12,745	12,405	12,281	12,061	11,426	10,611	9,624	8,636	7,992	7,500	7,077	6,908	6,963	7,268	7,815	8,344	9,023	9,656	10,565	11,556	0	0	0
Interest expense
Deposits
12,567	11,684	10,429	9,081	7,493	6,102	4,981	4,045	3,421	3,059	2,873	2,785	2,748	2,657	2,483	2,385	2,316	2,212	2,067	1,882	1,692	1,562	1,513	1,530	1,583	1,636	1,703	1,787	1,923	2,108	2,298	2,478	2,671	2,780	2,918	3,127	0	0	0
FHLB advances and other debt
813	704	692	649	670	611	488	393	294	263	259	260	257	254	248	238	233	232	224	206	174	162	190	228	279	310	309	308	312	345	379	412	472	530	591	650	0	0	0
Subordinated debentures
1,006	1,016	856	671	482	284	250	236	221	212	205	197	190	185	178	173	169	164	163	163	163	165	166	167	168	167	167	171	174	180	182	177	174	168	168	168	0	0	0
Total interest expense
14,386	13,404	11,977	10,401	8,645	6,997	5,719	4,674	3,936	3,534	3,337	3,242	3,195	3,096	2,909	2,796	2,718	2,608	2,454	2,251	2,029	1,889	1,869	1,925	2,030	2,113	2,179	2,266	2,409	2,633	2,859	3,067	3,317	3,478	3,677	3,945	0	0	0
Net interest income
22,723	21,700	20,608	19,960	19,078	17,889	16,642	15,463	14,518	13,673	12,848	12,280	11,713	11,313	10,888	10,406	10,027	9,797	9,827	9,810	9,397	8,722	7,755	6,711	5,962	5,387	4,898	4,642	4,554	4,635	4,956	5,277	5,706	6,178	6,888	7,611	0	0	0
Provision for loan and lease losses
-	-	-	-	-	-	-	-	-	-	0	20	180	230	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-27	-26	190	496	912	1,379	1,255	1,129	2,062	1,924	2,156	3,375	2,873	8,406	0	0	0
Net interest income after provision for loan and lease losses
22,723	21,700	20,608	19,960	19,078	17,889	16,642	15,463	14,518	13,673	12,848	12,260	11,533	11,083	10,608	10,096	9,802	9,547	9,552	9,510	9,064	8,444	7,782	6,737	5,772	4,891	3,986	3,263	3,299	3,506	2,894	3,353	3,550	2,803	4,015	-795	0	0	0
Noninterest income
Service charges on deposit accounts
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	0	0	-	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	554	657	741	744	630	548	491	463	435	425	412	413	406	383	353	313	284	259	245	252	258	269	271	280	285	0	0	0
Net gains on sales of loans
12,108	10,767	7,594	4,975	3,122	1,927	1,273	845	360	75	107	130	129	134	65	83	269	325	537	680	603	536	332	124	99	88	235	382	367	404	353	365	297	294	466	489	0	0	0
Swap fee income
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan servicing fees, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	0	0
Net loss on sales of securitites
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12	0	0	0	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-
Net gains on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Net gains on sales of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-
Earnings on bank owned life insurance
144	142	142	139	139	138	137	136	135	135	134	134	133	133	133	133	133	132	131	131	130	130	129	129	130	130	132	132	131	132	132	130	131	130	124	126	0	0	0
Other
245	258	135	131	171	160	168	171	125	124	111	108	120	169	207	277	347	412	467	474	456	414	376	321	279	208	162	124	88	81	72	73	75	75	43	31	0	0	0
Total noninterest income
13,470	11,720	8,406	5,762	3,929	2,716	2,061	1,613	1,058	743	771	926	1,039	1,177	1,149	1,123	1,297	1,348	1,586	1,708	1,602	1,492	2,364	2,094	2,005	1,893	823	909	980	1,005	1,079	1,323	1,125	1,123	1,391	1,178	0	0	0
Noninterest expense
Salaries and employee benefits
11,714	11,170	10,182	9,433	8,803	8,199	7,650	7,078	6,557	6,074	5,805	5,544	5,227	4,965	4,759	4,643	4,685	4,753	4,718	4,728	4,562	4,445	4,357	4,150	4,060	3,849	3,772	3,815	3,807	3,906	5,930	3,913	3,993	4,043	2,183	4,247	0	0	0
Occupancy and equipment
1,000	965	943	889	843	792	741	687	686	671	650	629	597	579	563	543	528	533	542	551	552	571	528	460	409	326	297	295	270	269	389	257	267	278	137	246	0	0	0
Data processing
1,481	1,350	1,238	1,178	1,112	1,027	953	875	949	995	1,064	1,152	1,118	1,116	1,095	1,079	1,080	1,054	1,029	983	939	897	822	757	676	632	627	615	609	588	847	559	567	569	297	603	0	0	0
Franchise and other taxes
527	454	355	352	349	345	410	395	377	366	357	358	361	358	343	333	326	318	304	276	244	214	233	266	302	337	307	288	249	219	352	224	242	253	142	290	0	0	0
Professional fees
2,572	1,855	1,505	1,415	1,313	1,275	1,156	1,016	990	988	898	1,000	1,072	1,148	1,224	1,134	1,036	956	1,022	1,109	1,164	1,217	1,271	1,165	1,083	998	807	830	854	860	1,213	802	861	944	687	1,136	0	0	0
Director fees
574	547	513	482	447	413	395	365	340	312	280	265	250	228	217	189	164	150	157	163	143	122	76	42	32	25	13	36	79	119	253	181	180	181	92	162	0	0	0
Postage, printing and supplies
216	225	221	214	207	189	182	184	181	175	176	165	157	168	157	163	180	198	214	222	221	233	236	229	241	215	209	195	182	172	196	148	131	131	91	154	0	0	0
Advertising and marketing
3,478	2,829	2,278	1,998	1,752	1,393	1,061	742	404	154	136	139	125	125	106	90	117	145	195	196	152	110	48	32	37	40	51	35	33	30	34	20	30	37	44	81	0	0	0
Telephone
210	201	189	178	171	158	142	128	118	118	122	125	124	123	123	121	125	119	115	116	112	112	106	93	87	78	71	70	65	66	101	67	69	74	51	95	0	0	0
Loan expenses
283	232	215	164	147	116	118	134	147	170	171	177	148	141	148	207	201	207	208	110	115	82	62	79	77	90	92	132	146	137	91	0	0	-	0	-	-	-	-
Foreclosed assets, net
-	-9	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0
Foreclosed assets, net
-	-	-	-	-	-	-	-	-	18	34	34	39	65	94	112	124	137	172	321	363	328	315	144	75	45	-352	428	615	652	3,354	208	1,172	1,187	-1,184	0	0	-	0
Depreciation
331	316	291	276	260	248	246	228	216	208	202	205	209	211	213	214	212	211	210	214	232	232	223	220	203	205	215	215	224	237	442	295	337	384	251	477	0	0	0
FDIC premiums
534	529	508	602	549	485	389	312	299	282	275	245	179	222	276	348	431	421	428	427	409	384	342	317	268	300	348	412	518	563	956	635	668	687	343	621	0	0	0
Amortization of intangibles
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49	40	39	39	40	60	40	40	40	20	40	0	0	0
Regulatory assessment
168	165	167	159	154	146	135	132	129	127	98	70	66	62	62	89	108	131	175	187	179	167	159	158	158	158	157	155	137	143	244	159	176	168	66	0	0	0	-
Other insurance
103	99	95	92	87	86	85	84	88	92	95	100	104	109	114	118	122	121	122	122	124	130	137	144	147	148	147	146	148	153	242	164	160	135	26	0	0	0	-
OTS assessment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other
538	451	415	387	364	397	353	306	257	205	210	195	213	203	181	178	161	157	170	180	211	213	211	215	204	207	191	173	141	123	249	139	153	159	30	172	0	0	0
Total noninterest expense
23,729	21,379	19,112	17,816	16,555	15,275	14,016	12,666	11,749	10,955	10,573	10,403	9,989	9,823	9,675	9,561	9,600	9,611	9,781	9,905	9,722	9,457	9,145	8,501	8,099	7,702	6,992	7,879	8,116	8,277	12,652	7,893	9,125	9,351	5,678	9,771	0	0	0
Income before incomes taxes
12,464	12,041	9,902	7,906	6,452	5,330	4,687	4,410	3,827	3,461	3,046	2,783	2,583	2,437	2,082	1,658	1,499	1,284	929	885	516	479	-233	-134	322	918	2,183	3,707	3,837	3,766	2,897	0	0	-	0	-	-	0	0
Income tax expense
2,538	2,440	2,028	1,594	1,290	1,057	2,009	2,102	2,093	2,115	1,017	934	868	810	-2,590	-2,839	-3,043	-3,193	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	-	-	0	0
Net income
9,926	9,601	7,874	6,312	5,162	4,273	2,678	2,308	1,734	1,346	2,029	1,849	1,715	1,627	4,672	4,497	4,542	4,477	1,357	1,313	944	479	1,001	330	-322	-918	-2,183	-3,707	-3,837	-3,766	-4,691	-3,217	-4,450	-5,425	-4,298	-9,416	0	0	0
Accretion of discount and value of warrants exercised related to Series B preferred stock
-	-	-345	-283	0	-	87	275	478	666	857	857	857	857	857	857	857	857	817	662	0	-	0	0	-	-	-	-	-	-	436	436	431	425	420	415	0	0	0
Earnings allocated to participating securities (Series C preferred stock)
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discount on redemption of Series A preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Net income attributable to common stockholders
0	-	8,219	6,595	0	-	2,591	2,033	1,256	680	1,172	992	858	770	3,815	3,640	3,685	3,620	526	522	309	58	768	271	-322	-918	-2,183	1,146	905	866	-167	-3,653	-4,881	-5,850	-4,718	-9,831	0	0	0
Earnings per common share:
Basic
0.31	0.52	0.59	0.55	0.39	0.34	0.24	0.26	0.18	0.02	0.16	0.02	0.01	0.01	0.02	0.01	0.01	0.20	0.01	0.02	0.00	0.00	0.01	0.00	-0.01	0.05	-0.02	-0.04	-0.05	1.75	0.38	-0.96	-1.03	-1.78	-0.66	-2.45	-2.20	-0.08	-1.38
Diluted
0.30	0.50	0.59	0.55	0.39	0.34	0.24	0.25	0.17	0.01	0.15	0.02	0.01	0.01	0.02	0.01	0.01	0.17	0.01	0.02	0.00	0.00	0.01	0.00	-0.01	0.05	-0.02	-0.04	-0.05	1.75	0.38	-0.96	-1.03	-1.78	-0.66	-2.45	-2.20	-0.08	-1.38