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Other Borrowings (Tables)
12 Months Ended
Dec. 31, 2012
Assets Pledged as Collateral with FRB

Assets pledged as collateral with the FRB were as follows:

 

     December 31, 2012      December 31, 2011  

Commercial loans

   $ 9,352       $ 6,559   

Commercial real estate loans

     16,700         21,007   
  

 

 

    

 

 

 
   $ 26,052       $ 27,566   
  

 

 

    

 

 

 
Loan Portfolio and Its Effect on CFBank's Financial Performance

CFBank had a $1.0 million line of credit with one commercial bank at December 31, 2012. There was no outstanding balance on this line of credit. Interest on this line accrues daily and is variable based on the commercial bank’s cost of funds and current market returns

 

     2012     2011     2010  

Commercial bank lines of credit

      

Average daily balance during the year

   $ —        $ —        $ —     

Average interest rate during the year

     0.38     1.44     3.25

Maximum month-end balance during the year

   $ —        $ —        $ —     

Weighted average interest rate at year-end

     0.38     0.38     3.25