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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2022
Parent Company Only Condensed Financial Information [Abstract] |
Parent Company Only Condensed Financial Information | NOTE 20 – PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of CF Bankshares Inc. follows:
| 2022 |  | 2021
Assets |  |  |  |  |
Cash and cash equivalents | $ | 487 |  | $ | 819
Equity securities |  | 5,000 |  |  | 5,000
Investment in banking subsidiary |  | 175,123 |  |  | 155,391
Investment in and advances to other subsidiary |  | 247 |  |  | 243
Other assets |  | 3,027 |  |  | 3,374
Total assets | $ | 183,884 |  | $ | 164,827
Liabilities and Equity |  |  |  |  |
Subordinated debentures | $ | 14,922 |  | $ | 14,883
Other borrowings |  | 29,461 |  |  | 24,277
Accrued expenses and other liabilities |  | 253 |  |  | 337
Stockholders' equity |  | 139,248 |  |  | 125,330
Total liabilities and stockholders' equity | $ | 183,884 |  | $ | 164,827
| 2022 |  | 2021 |  | 2020
Dividend income | $ | 10,000 |  | $ | - |  | $ | -
Interest income |  | - |  |  | 414 |  |  | -
Other income |  | 675 |  |  | 230 |  |  | 178
Interest expense |  | 1,882 |  |  | 1,527 |  |  | 1,209
Other expense |  | 796 |  |  | 851 |  |  | 830
Loss before income tax and before undistributed subsidiary income |  | 7,997 |  |  | (1,734) |  |  | (1,861)
Tax effect |  | 463 |  |  | 407 |  |  | 390
Loss after income tax and before undistributed subsidiary income |  | 8,460 |  |  | (1,327) |  |  | (1,471)
Equity in undistributed subsidiary income |  | 9,704 |  |  | 19,780 |  |  | 31,079
Net income | $ | 18,164 |  | $ | 18,453 |  | $ | 29,608
Comprehensive income | $ | 16,297 |  | $ | 18,187 |  | $ | 29,676
| 2022 |  | 2021 |  | 2020
Cash flows from operating activities |  |  |  |  |  |  |  |
Net Income | $ | 18,164 |  | $ | 18,453 |  | $ | 29,608
Adjustments: |  |  |  |  |  |  |  |
Effect of subsidiaries' operations |  | (9,704) |  |  | (19,780) |  |  | (31,079)
Amortization, net |  | 39 |  |  | 39 |  |  | 38
Change in other assets and other liabilities |  | 263 |  |  | (681) |  |  | (480)
Net cash used by operating activities |  | 8,762 |  |  | (1,969) |  |  | (1,913)
Cash flows from investing activities |  |  |  |  |  |  |  |
Investments in banking subsidiary |  | (11,000) |  |  | (10,000) |  |  | (5,000)
Purchase of equity securities |  | - |  |  | - |  |  | (5,000)
Net cash used by investing activities |  | (11,000) |  |  | (10,000) |  |  | (10,000)
Cash flows from financing activities |  |  |  |  |  |  |  |
Proceeds from other borrowings |  | 15,184 |  |  | 19,277 |  |  | 15,000
Repayments of other borrowings |  | (10,000) |  |  | (4,500) |  |  | (10,500)
Proceeds from exercise of stock options |  | 387 |  |  | 185 |  |  | 36
Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes and exercise proceeds |  | (173) |  |  | (139) |  |  | (32)
Purchase of treasury shares |  | (2,339) |  |  | (2,972) |  |  | (648)
Dividends paid |  | (1,153) |  |  | (848) |  |  | (195)
Net cash from financing activities |  | 1,906 |  |  | 11,003 |  |  | 3,661
Net change in cash and cash equivalents |  | (332) |  |  | (966) |  |  | (8,252)
Beginning cash and cash equivalents |  | 819 |  |  | 1,785 |  |  | 10,037
Ending cash and cash equivalents | $ | 487 |  | $ | 819 |  | $ | 1,785
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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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