XML 84 R13.htm IDEA: XBRL DOCUMENT
v2.4.0.6

FORECLOSED ASSETS | 9 Months Ended
--- | ---
Sep. 30, 2012
FORECLOSED ASSETS | NOTE 5 – FORECLOSED ASSETS Foreclosed assets were as follows:
|  | September 30, 2012 |  |  | December 31, 2011 |
Real estate: |  |  |  |  |  |  |  |
Single-family residential |  | $ | 96 |  |  | $ | — |
Commercial: |  |  |  |  |  |  |  |
Non-owner occupied |  |  | 1,029 |  |  |  | 1,161 |
Land |  |  | 447 |  |  |  | 2,348 |
Subtotal |  |  | 1,572 |  |  |  | 3,509 |
Valuation allowance |  |  | — |  |  |  | (1,139 | )
Total |  | $ | 1,572 |  |  | $ | 2,370 |
Activity in the valuation allowance was as follows:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Beginning valuation allowance |  | $ | 1,139 |  |  | $ | 1,139 |  |  | $ | 1,139 |  |  | $ | — |
Additions charged to expense |  |  | 780 |  |  |  | — |  |  |  | 962 |  |  |  | 1,139 |
Direct write-downs |  |  | (1,919 | ) |  |  | — |  |  |  | (2,101 | ) |  |  | — |
Ending valuation allowance |  | $ | — |  |  | $ | 1,139 |  |  | $ | — |  |  | $ | 1,139 |
Expenses related to foreclosed assets include:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Net loss (gain) on sales |  | $ | (9 | ) |  | $ | (8 | ) |  | $ | (9 | ) |  | $ | (8 | )
Provision for unrealized losses |  |  | 780 |  |  |  | — |  |  |  | 962 |  |  |  | 1,139 |
Operating expenses, net of rental income |  |  | 5 |  |  |  | 8 |  |  |  | 29 |  |  |  | 54 |
|  | $ | 776 |  |  | $ | — |  |  | $ | 982 |  |  | $ | 1,185 |
Foreclosed assets at September 30, 2012 included one single-family residential property, three commercial real estate properties and one parcel of undeveloped land. Foreclosed assets at December 31, 2011 included two commercial real estate properties and one parcel of undeveloped land. The valuation allowance was established in the second quarter of 2011 due to a decline in value of the parcel of undeveloped land, which is located in Columbus, Ohio.

X
- Definition Foreclosed assets. + References No definition available. + Details
Name: | cfbk_ForeclosedAssetsTextBlock
Namespace Prefix: | cfbk_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration