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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2013
Parent Company Only Condensed Financial Information [Abstract] |
PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION | NOTE 22 – PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of Central Federal Corporation follows:
|  | 2013 |  | 2012
Assets |  |  |  |
Cash and cash equivalents | $ | 3,263 | $ | 4,673
Investment in banking subsidiary |  | 23,592 |  | 23,060
Investment in and advances to other subsidiaries |  | 273 |  | 1,226
Other assets |  | 1,155 |  | -
Total assets | $ | 28,283 | $ | 28,959
Liabilities and Equity |  |  |  |
Subordinated debentures | $ | 5,155 | $ | 5,155
Accrued expenses and other liabilities |  | 264 |  | 161
Stockholders' equity |  | 22,864 |  | 23,643
Total liabilities and stockholders' equity | $ | 28,283 | $ | 28,959
|  | 2013 |  | 2012 |  | 2011
Interest income | $ | 17 | $ | 3 | $ | -
Other income |  | 103 |  | - |  | -
Interest expense |  | 167 |  | 180 |  | 168
Other expense |  | 666 |  | 400 |  | 663
Loss before income tax and undistributed subsidiaries' operations |  | (713) |  | (577) |  | (831)
Effect of subsidiaries' operations |  | (205) |  | (3,189) |  | (4,594)
Net loss | $ | (918) | $ | (3,766) | $ | (5,425)
Comprehensive Loss | $ | (927) | $ | (4,045) | $ | (5,711)
|  | 2013 |  | 2012 |  | 2011
Cash flows from operating activities |  |  |  |  |  |
Net loss | $ | (918) | $ | (3,766) | $ | (5,425)
Adjustments: |  |  |  |  |  |
Effect of subsidiaries' operations |  | 205 |  | 3,189 |  | 4,594
Change in other assets and other liabilities |  | (1,052) |  | 173 |  | 11
Net cash from operating activities |  | (1,765) |  | (404) |  | (820)
Cash flows from investing activities |  |  |  |  |  |
Investment in bank subsidiary |  | (1,500) |  | (13,500) |  | -
Investments in other subsidiaries |  | 1,866 |  | (3) |  | 635
Net cash from investing activities |  | 366 |  | (13,503) |  | 635
Cash flows from financing activities |  |  |  |  |  |
Stock issuance costs |  | (11) |  | - |  | -
Redemption of TARP obligation |  | - |  | (3,000) |  | -
Net proceeds from issuance of common stock |  | - |  | 21,020 |  | -
Net cash from financing activities |  | (11) |  | 18,020 |  | -
Net change in cash and cash equivalents |  | (1,410) |  | 4,113 |  | (185)
Beginning cash and cash equivalents |  | 4,673 |  | 560 |  | 745
Ending cash and cash equivalents | $ | 3,263 | $ | 4,673 | $ | 560
During 2013, the Company invested funds into three joint ventures (equity stake) for the purpose of allocating excess liquidity into higher earning assets while diversifying its revenue sources. Each of these joint ventures is related to the development of single family real estate in the form of condominiums. The total original investment into these three joint ventures total $1,275, of which $1,139 was outstanding at December 31, 2013. Income is recognized based on a preferred rate of return on the outstanding investment balance. As units are sold, the Company also receives a return of capital and an additional incentive payment. The incentive payment is recognized as income. During 2013, the Company recognized $102 in income associated with these joint ventures.

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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 06 -Article 9 Reference 2: 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 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 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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