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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2014
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:
| 2014 |  | 2013
Assets |  |  |  |  |
Cash and cash equivalents | $ | 3,025 |  | $ | 3,263
Investment in banking subsidiary |  | 34,572 |  |  | 23,592
Investment in and advances to other subsidiaries |  | 220 |  |  | 273
Other assets |  | 2,202 |  |  | 1,155
Total assets | $ | 40,019 |  | $ | 28,283
Liabilities and Equity |  |  |  |  |
Subordinated debentures | $ | 5,155 |  | $ | 5,155
Accrued expenses and other liabilities |  | 355 |  |  | 264
Stockholders' equity |  | 34,509 |  |  | 22,864
Total liabilities and stockholders' equity | $ | 40,019 |  | $ | 28,283
| 2014 |  | 2013 |  | 2012
Interest income | $ | 5 |  | $ | 17 |  | $ | 3
Other income |  | 260 |  |  | 103 |  |  | -
Interest expense |  | 164 |  |  | 167 |  |  | 180
Other expense |  | 687 |  |  | 666 |  |  | 400
Loss before income tax and undistributed subsidiaries' operations |  | (586) |  |  | (713) |  |  | (577)
Effect of subsidiaries' operations |  | 1,065 |  |  | (205) |  |  | (3,189)
Net income (loss) | $ | 479 |  | $ | (918) |  | $ | (3,766)
Comprehensive income (loss) | $ | 432 |  | $ | (927) |  | $ | (4,045)
| 2014 |  | 2013 |  | 2012
Cash flows from operating activities |  |  |  |  |  |  |  |
Net Income (loss) | $ | 479 |  | $ | (918) |  | $ | (3,766)
Adjustments: |  |  |  |  |  |  |  |
Effect of subsidiaries' operations |  | (1,065) |  |  | 205 |  |  | 3,189
Change in other assets and other liabilities |  | (1,142) |  |  | (1,052) |  |  | 173
Net cash from operating activities |  | (1,728) |  |  | (1,765) |  |  | (404)
Cash flows from investing activities |  |  |  |  |  |  |  |
Investment in bank subsidiary |  | (9,700) |  |  | (1,500) |  |  | (13,500)
Investments in other subsidiaries |  | 54 |  |  | 1,866 |  |  | (3)
Net cash from investing activities |  | (9,646) |  |  | 366 |  |  | (13,503)
Cash flows from financing activities |  |  |  |  |  |  |  |
Stock issuance costs |  | - |  |  | (11) |  |  | -
Redemption of TARP obligation |  | - |  |  | - |  |  | (3,000)
Net proceeds from issuance of common stock |  | - |  |  | - |  |  | 21,020
Dividends paid on Series B preferred stock |  | (233) |  |  | - |  |  | -
Net proceeds from issuance of Series B preferred stock |  | 11,369 |  |  | - |  |  | -
Net cash from financing activities |  | 11,136 |  |  | (11) |  |  | 18,020
Net change in cash and cash equivalents |  | (238) |  |  | (1,410) |  |  | 4,113
Beginning cash and cash equivalents |  | 3,263 |  |  | 4,673 |  |  | 560
Ending cash and cash equivalents | $ | 3,025 |  | $ | 3,263 |  | $ | 4,673
During 2013 and 2014, the Holding Company invested funds into a series of joint ventures (equity stake) for the purpose of allocating excess liquidity into higher earning assets while diversifying its revenue sources. Each of the joint ventures is related to the development of single family real estate in the form of condominiums. Income is recognized based on a preferred rate of return on the outstanding investment balance. As units are sold, the Holding Company receives a return of capital and an additional incentive payment; the incentive payment is recognized as income. The investment balance outstanding in joint ventures at December 31, 2014 and December 31, 2013 was $2,184 and $1,139, respectively. Income recognized on the joint ventures from the preferred rate of return and incentives was $223 and $102, respectively, for 2014 and 2013.

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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 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690 Reference 3: 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 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 12 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Article 5 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 05 -Paragraph c -Article 7 + Details
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