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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2015
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:
| 2015 |  | 2014
Assets |  |  |  |  |
Cash and cash equivalents | $ | 2,673 |  | $ | 3,025
Investment in banking subsidiary |  | 37,745 |  |  | 34,572
Investment in and advances to other subsidiary |  | 222 |  |  | 220
Other assets |  | 3,112 |  |  | 2,202
Total assets | $ | 43,752 |  | $ | 40,019
Liabilities and Equity |  |  |  |  |
Subordinated debentures | $ | 5,155 |  | $ | 5,155
Accrued expenses and other liabilities |  | 285 |  |  | 355
Stockholders' equity |  | 38,312 |  |  | 34,509
Total liabilities and stockholders' equity | $ | 43,752 |  | $ | 40,019
| 2015 |  | 2014
Interest income | $ | 1 |  | $ | 5
Other income |  | 291 |  |  | 260
Interest expense |  | 164 |  |  | 164
Other expense |  | 548 |  |  | 687
Loss before income tax and undistributed subsidiary income |  | (420) |  |  | (586)
Tax effect |  | 1,798 |  |  | -
Gain (loss) after income tax and undistributed subsidiary income |  | 1,378 |  |  | (586)
Equity in undistributed subsidiary income |  | 3,099 |  |  | 1,065
Net income | $ | 4,477 |  | $ | 479
Comprehensive income | $ | 4,417 |  | $ | 432
| 2015 |  | 2014
Cash flows from operating activities |  |  |  |  |
Net Income | $ | 4,477 |  | $ | 479
Adjustments: |  |  |  |  |
Effect of subsidiaries' operations |  | (3,099) |  |  | (1,065)
Change in other assets and other liabilities |  | (980) |  |  | (1,142)
Net cash from (used by) operating activities |  | 398 |  |  | (1,728)
Cash flows from investing activities |  |  |  |  |
Investment in bank subsidiary |  | - |  |  | (9,700)
Investments in other subsidiaries |  | - |  |  | 54
Net cash used by investing activities |  | - |  |  | (9,646)
Cash flows from financing activities |  |  |  |  |
Stock issuance costs |  | - |  |  | -
Dividends paid on Series B preferred stock |  | (750) |  |  | (233)
Net proceeds from issuance of Series B preferred stock |  | - |  |  | 11,369
Net cash from (used by) financing activities |  | (750) |  |  | 11,136
Net change in cash and cash equivalents |  | (352) |  |  | (238)
Beginning cash and cash equivalents |  | 3,025 |  |  | 3,263
Ending cash and cash equivalents | $ | 2,673 |  | $ | 3,025

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