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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2018
Parent Company Only Condensed Financial Information [Abstract] |
Parent Company Only Condensed Financial Information | ﻿ NOTE 21 – PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of Central Federal Corporation follows:
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ | 2018 |  | 2017
﻿Assets |  |  |  |  |
﻿Cash and cash equivalents | $ | 2,675 |  | $ | 523
﻿Investment in banking subsidiary |  | 62,479 |  |  | 43,633
﻿Investment in and advances to other subsidiary |  | 233 |  |  | 228
﻿Other assets |  | 1,213 |  |  | 1,232
﻿Total assets | $ | 66,600 |  | $ | 45,616
﻿ |  |  |  |  |
﻿Liabilities and Equity |  |  |  |  |
﻿Subordinated debentures | $ | 14,767 |  | $ | 5,155
﻿Other borrowings |  | 6,000 |  |  | -
﻿Accrued expenses and other liabilities |  | 274 |  |  | 200
﻿Stockholders' equity |  | 45,559 |  |  | 40,261
﻿Total liabilities and stockholders' equity | $ | 66,600 |  | $ | 45,616
﻿ ﻿
﻿ |  |  |  |  |
﻿ |
﻿ | 2018 |  | 2017
﻿ |  |  |  |  |
﻿Interest income | $ | - |  | $ | 4
﻿Other income |  | 95 |  |  | 48
﻿Interest expense |  | 604 |  |  | 212
﻿Other expense |  | 877 |  |  | 815
﻿Loss before income tax and before undistributed subsidiary income |  | (1,386) |  |  | (975)
﻿Tax effect |  | 290 |  |  | 330
﻿Loss after income tax and before undistributed subsidiary income |  | (1,096) |  |  | (645)
﻿Equity in undistributed subsidiary income |  | 5,369 |  |  | 1,991
﻿Net income | $ | 4,273 |  | $ | 1,346
﻿Comprehensive income | $ | 4,247 |  | $ | 1,297
﻿ ﻿
﻿ |  |  |  |  |
﻿ | 2018 |  | 2017
﻿Cash flows from operating activities |  |  |  |  |
﻿Net Income | $ | 4,273 |  | $ | 1,346
﻿Adjustments: |  |  |  |  |
﻿Effect of subsidiaries' operations |  | (5,369) |  |  | (1,991)
﻿Change in other assets and other liabilities |  | 95 |  |  | (268)
﻿Net cash used by operating activities |  | (1,001) |  |  | (913)
﻿ |  |  |  |  |
﻿Cash flows from investing activities |  |  |  |  |
﻿ Investments in banking subsidiary |  | (13,133) |  |  | -
﻿Net cash used by investing activities |  | (13,133) |  |  | -
﻿ |  |  |  |  |
﻿Cash flows from financing activities |  |  |  |  |
﻿Proceeds from other borrowings |  | 8,000 |  |  | -
﻿Repayments of other borrowings |  | (2,000) |  |  | -
﻿Net proceeds from issuance of subordinated debentures |  | 9,612 |  |  | -
﻿Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes |  | (42) |  |  | (49)
﻿Exercise of warrants to common stock |  | 716 |  |  | 38
﻿Dividends paid on Series B preferred stock |  | - |  |  | (750)
﻿Net cash from (used by) financing activities |  | 16,286 |  |  | (761)
﻿Net change in cash and cash equivalents |  | 2,152 |  |  | (1,674)
﻿Beginning cash and cash equivalents |  | 523 |  |  | 2,197
﻿Ending cash and cash equivalents | $ | 2,675 |  | $ | 523
﻿ ﻿

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 235 -Section S99 -Paragraph 2 -Subparagraph (SX 210.9-06) -URI http://asc.fasb.org/extlink&oid=6882215&loc=d3e537971-122884 + Details
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