XML 35 R19.htm IDEA: XBRL DOCUMENT
v3.19.1

FHLB Advances And Other Debt | 12 Months Ended
--- | ---
Dec. 31, 2018
FHLB Advances And Other Debt [Abstract] |
FHLB Advances And Other Debt | ﻿ NOTE 10 –FHLB ADVANCES AND OTHER DEBT FHLB advances and other debt were as follows:
﻿ |  |  |  |  |  |  |
﻿ |  |  |  |  |  |  |
﻿ | Weighted |  |  |  |
﻿ | Average Rate |  | December 31, 2018 |  | December 31, 2017
﻿FHLB fixed rate advances |  |  |  |  |  |  |
﻿Maturities: |  |  |  |  |  |  |
﻿2019 | 1.62% |  | $ | 3,500 |  | $ | 3,500
﻿2020 | 1.98% |  |  | 4,500 |  |  | 4,500
﻿2021 | 2.32% |  |  | 4,000 |  |  | 4,000
﻿2022 | 2.05% |  |  | 1,500 |  |  | 1,500
﻿Total FHLB fixed rate advances |  |  |  | 13,500 |  |  | 13,500
﻿ |  |  |  |  |  |  |
﻿Variable rate other debt: |  |  |  |  |  |  |
﻿Maturities: |  |  |  |  |  |  |
﻿2020 | 5.78% |  |  | 6,000 |  |  | -
﻿Total variable rate other debt |  |  |  | 6,000 |  |  | -
﻿Total |  |  | $ | 19,500 |  | $ | 13,500
﻿ Each advance is payable at its maturity date, with a prepayment penalty for fixed-rate advances. The advances were collateralized as follows:
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ | December 31, 2018 |  | December 31, 2017
﻿Single-family mortgage loans | $ | 70,140 |  | $ | 49,616
﻿Multi-family mortgage loans |  | 18,841 |  |  | 15,125
﻿Commercial real estate loans (1-4 family) |  | 5,986 |  |  | 5,348
﻿Home equity lines of credit |  | 6,446 |  |  | 7,061
﻿Securities |  | 4,058 |  |  | 4,641
﻿Cash |  | 3,300 |  |  | 3,300
﻿Total | $ | 108,771 |  | $ | 85,091
﻿ Based on the collateral pledged to the FHLB and CFBank’s holdings of FHLB stock, CFBank was eligible to borrow up to a total of $68,269 from the FHLB at December 31, 2018.
Payments due on FHLB advances and other debt over the next five years are as follows: |  |
﻿ | December 31, 2018
﻿2019 | $ | 3,500
﻿2020 |  | 10,500
﻿2021 |  | 4,000
﻿2022 |  | 1,500
﻿2023 |  | -
﻿ | $ | 19,500
﻿ ﻿ In February 2018, the Holding Company entered into a credit facility with a third-party bank pursuant to which the Holding Company could borrow up to an aggregate principal amount of $6,000. The Holding Company increased the credit facility by $2,000 in July 2018, and by an additional $2,000 in December 2018, which increased the total borrowing limit to $10,000. In December 2018, the credit facility was also modified to a revolving line-of-credit. The purpose of the credit facility is to provide an additional source of liquidity for the Holding Company and to provide funds for the Holding Company to downstream as additional capital to CFBank to support growth. Loans under the credit facility bear interest at a rate equal to the Prime Rate plus 0.75%. The credit facility is secured by a pledge of the Holding Company’s stock of CFBank. The credit facility will expire in February 2020 unless extended or replaced. As of December 31, 2018, the Company had an outstanding balance of $6,000 on the credit facility. There were no outstanding borrowings with the Federal Reserve Bank (the “FRB”) at December 31, 2018 or at December 31, 2017 Assets pledged as collateral with the FRB were as follows:
﻿ |  |  |  |  |
﻿ |  |  |  |  |
﻿ | 2018 |  | 2017
﻿Commercial loans | $ | 29,578 |  | $ | 18,491
﻿Commercial real estate loans |  | 76,332 |  |  | 43,518
﻿ | $ | 105,910 |  | $ | 62,009
﻿ Based on the collateral pledged, CFBank was eligible to borrow up to $58,502 from the FRB at year-end 2018. CFBank had $8,000 of availability in an unused line of credit at a commercial bank at December 31, 2018 and December 31, 2017. During the first quarter of 2017, the Company added an $8,000 line of credit for potential liquidity purposes. The previous $1,000 million line of credit, with a different institution, was closed during the second quarter of 2017. There were no outstanding borrowings on these lines of credit at December 31, 2018 or December 31, 2017. If CFBank were to borrow on this line of credit, interest would accrue daily at a variable rate based on the commercial bank’s cost of funds and current market returns.

X
- References No definition available. + Details
Name: | us-gaap_AdvancesFromFederalHomeLoanBanksAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for borrowing from the Federal Home Loan Bank, including: (i) general description; (ii) title and nature of obligation; (iii) interest rate; (iv) payment terms; (v) maturity dates by year; (vi) collateral requirements; (vii) restrictive covenants; (viii) priority; (ix) conversion or redemption features; (x) carrying value of assets pledged as collateral; (xi) combined aggregate maturities for next five years; (xii) unused or available balances. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.13(a)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822 + Details
Name: | us-gaap_FederalHomeLoanBankAdvancesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration