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Parent Company Only Condensed Financial Information | 12 Months Ended
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Dec. 31, 2023
Parent Company Only Condensed Financial Information [Abstract] |
Parent Company Only Condensed Financial Information | NOTE 19 – PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION Condensed financial information of CF Bankshares Inc. follows:
| 2023 |  | 2022
Assets |  |  |  |  |
Cash and cash equivalents | $ | 530 |  | $ | 487
Equity securities |  | 5,000 |  |  | 5,000
Investment in banking subsidiary |  | 194,985 |  |  | 175,123
Investment in and advances to other subsidiary |  | 257 |  |  | 247
Other assets |  | 3,387 |  |  | 3,027
Total assets | $ | 204,159 |  | $ | 183,884
Liabilities and Equity |  |  |  |  |
Subordinated debentures | $ | 14,961 |  | $ | 14,922
Other borrowings |  | 33,495 |  |  | 29,461
Accrued expenses and other liabilities |  | 329 |  |  | 253
Stockholders' equity |  | 155,374 |  |  | 139,248
Total liabilities and stockholders' equity | $ | 204,159 |  | $ | 183,884
| 2023 |  | 2022 |  | 2021
Dividend income | $ | 6,000 |  | $ | 10,000 |  | $ | -
Interest income |  | 1 |  |  | - |  |  | 414
Other income |  | 724 |  |  | 675 |  |  | 230
Interest expense |  | 2,492 |  |  | 1,882 |  |  | 1,527
Other expense |  | 887 |  |  | 796 |  |  | 851
Loss before income tax and before undistributed subsidiary income |  | 3,346 |  |  | 7,997 |  |  | (1,734)
Tax effect |  | 599 |  |  | 463 |  |  | 407
Loss after income tax and before undistributed subsidiary income |  | 3,945 |  |  | 8,460 |  |  | (1,327)
Equity in undistributed subsidiary income |  | 12,992 |  |  | 9,704 |  |  | 19,780
Net income | $ | 16,937 |  | $ | 18,164 |  | $ | 18,453
Comprehensive income | $ | 16,684 |  | $ | 16,297 |  | $ | 18,187
| 2023 |  | 2022 |  | 2021
Cash flows from operating activities |  |  |  |  |  |  |  |
Net Income | $ | 16,937 |  | $ | 18,164 |  | $ | 18,453
Adjustments: |  |  |  |  |  |  |  |
Effect of subsidiaries' operations |  | (12,992) |  |  | (9,704) |  |  | (19,780)
Amortization, net |  | 39 |  |  | 39 |  |  | 39
Change in other assets and other liabilities |  | (284) |  |  | 263 |  |  | (681)
Net cash used by operating activities |  | 3,700 |  |  | 8,762 |  |  | (1,969)
Cash flows from investing activities |  |  |  |  |  |  |  |
Investments in banking subsidiary |  | (6,000) |  |  | (11,000) |  |  | (10,000)
Net cash from (used by ) investing activities |  | (6,000) |  |  | (11,000) |  |  | (10,000)
Cash flows from financing activities |  |  |  |  |  |  |  |
Proceeds from other borrowings |  | 10,034 |  |  | 15,184 |  |  | 19,277
Repayments of other borrowings |  | (6,000) |  |  | (10,000) |  |  | (4,500)
Proceeds from exercise of stock options |  | 84 |  |  | 387 |  |  | 185
Acquisition of treasury shares surrendered upon vesting of restricted stock for payment of taxes and exercise proceeds |  | (122) |  |  | (173) |  |  | (139)
Purchase of treasury shares |  | (177) |  |  | (2,339) |  |  | (2,972)
Dividends paid |  | (1,476) |  |  | (1,153) |  |  | (848)
Net cash from financing activities |  | 2,343 |  |  | 1,906 |  |  | 11,003
Net change in cash and cash equivalents |  | 43 |  |  | (332) |  |  | (966)
Beginning cash and cash equivalents |  | 487 |  |  | 819 |  |  | 1,785
Ending cash and cash equivalents | $ | 530 |  | $ | 487 |  | $ | 819

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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 -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480922/205-10-S99-6 Reference 3: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481231/810-10-45-11 + Details
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