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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2012
Parent Company Only Condensed Financial Information | NOTE 22 – PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of Central Federal Corporation follows: CONDENSED BALANCE SHEETS
|  | 2012 |  |  | 2011 |
Assets |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 4,673 |  |  | $ | 560 |
Investment in banking subsidiary |  |  | 23,060 |  |  |  | 13,827 |
Investment in and advances to other subsidiaries |  |  | 1,226 |  |  |  | 1,212 |
Other assets |  |  | — |  |  |  | 264 |
Total assets |  | $ | 28,959 |  |  | $ | 15,863 |
Liabilities and Equity |  |  |  |  |  |  |  |
Subordinated debentures |  | $ | 5,155 |  |  | $ | 5,155 |
Accrued expenses and other liabilities |  |  | 161 |  |  |  | 764 |
Stockholders’ equity |  |  | 23,643 |  |  |  | 9,944 |
Total liabilities and stockholders’ equity |  | $ | 28,959 |  |  | $ | 15,863 |
CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
|  | 2012 |  |  | 2011 |  |  | 2010 |
Interest income |  | $ | 3 |  |  | $ | — |  |  | $ | — |
Interest expense |  |  | 180 |  |  |  | 168 |  |  |  | 167 |
Other expense |  |  | 400 |  |  |  | 663 |  |  |  | 567 |
Loss before income tax and undistributed subsidiaries’ operations |  |  | (577 | ) |  |  | (831 | ) |  |  | (734 | )
Effect of subsidiaries’ operations |  |  | (3,189 | ) |  |  | (4,594 | ) |  |  | (6,136 | )
Net loss |  | $ | (3,766 | ) |  | $ | (5,425 | ) |  | $ | (6,870 | )
Comprehensive loss |  | $ | (4,045 | ) |  | $ | (5,711 | ) |  | $ | (6,902 | )
CONDENSED STATEMENTS OF CASH FLOWS
|  | 2012 |  |  | 2011 |  |  | 2010 |
Cash flows from operating activities |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (3,766 | ) |  | $ | (5,425 | ) |  | $ | (6,870 | )
Adjustments: |  |  |  |  |  |  |  |  |  |  |  |
Effect of subsidiaries’ operations |  |  | 3,189 |  |  |  | 4,594 |  |  |  | 6,136 |
Stock-based compensation expense |  |  | — |  |  |  | — |  |  |  | 2 |
Change in other assets and other liabilities |  |  | 173 |  |  |  | 11 |  |  |  | (51 | )
Net cash from operating activities |  |  | (404 | ) |  |  | (820 | ) |  |  | (783 | )
Cash flows from investing activities |  |  |  |  |  |  |  |  |  |  |  |
Investments in banking subsidiary |  |  | (13,500 | ) |  |  | — |  |  |  | — |
Investments in other subsidiaries |  |  | (3 | ) |  |  | 635 |  |  |  | (8 | )
Net cash from investing activities |  |  | (13,503 | ) |  |  | 635 |  |  |  | (8 | )
Cash flows from financing activities |  |  |  |  |  |  |  |  |  |  |  |
Dividends paid |  |  | — |  |  |  | — |  |  |  | (271 | )
Redemption of TARP obligation |  |  | (3,000 | ) |  |  | — |  |  |  | — |
Net proceeds from issuance of common stock |  |  | 21,020 |  |  |  | — |  |  |  | — |
Net cash from financing activities |  |  | 18,020 |  |  |  | — |  |  |  | (271 | )
Net change in cash and cash equivalents |  |  | 4,113 |  |  |  | (185 | ) |  |  | (1,062 | )
Beginning cash and cash equivalents |  |  | 560 |  |  |  | 745 |  |  |  | 1,807 |
Ending cash and cash equivalents |  | $ | 4,673 |  |  | $ | 560 |  |  | $ | 745 |

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 06 -Article 9 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=7656940&loc=d3e5283-111683 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e24072-122690 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 51 -Paragraph 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. + Details
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