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FHLB Advances And Other Debt | 9 Months Ended
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Sep. 30, 2025
FHLB Advances And Other Debt [Abstract] |
FHLB Advances And Other Debt | NOTE 8 – FHLB ADVANCES AND OTHER DEBT Federal Home Loan Bank (“FHLB”) advances and other debt were as follows:
| Weighted |  |  |  |  |  |  |
| Average Rate |  |  | September 30, 2025 |  |  | December 31, 2024 |
|  |  |  | (unaudited) |  |  |  |  |
FHLB fixed rate advances: |  |  |  |  |  |  |  |  |  |
Maturities: |  |  |  |  |  |  |  |  |  |
2025 | N/A |  |  | $ |  | — |  |  | $ |  | — |
2026 |  | 1.45 | % |  |  |  | 16,000 |  |  |  |  | 16,000 |
2027 |  | 3.88 | % |  |  |  | 12,500 |  |  |  |  | 12,500 |
2028 |  | 1.69 | % |  |  |  | 17,000 |  |  |  |  | 17,000 |
2029 |  | 3.94 | % |  |  |  | 12,500 |  |  |  |  | 12,500 |
Total FHLB fixed rate advances |  |  |  | $ |  | 58,000 |  |  | $ |  | 58,000 |
Variable rate other debt: |  |  |  |  |  |  |  |  |  |
Holding Company credit facility |  | 6.00 | % |  |  |  | 42,956 |  |  |  |  | 34,680 |
Total |  |  |  | $ |  | 100,956 |  |  | $ |  | 92,680 |
Each FHLB advance is payable at its maturity date, with a prepayment penalty for fixed-rate advances. The FHLB advances were collateralized as follows:
|  | September 30, 2025 |  | December 31, 2024
|  | (unaudited) |  |  |
Single-family mortgage loans |  | $ | 297,730 |  | $ | 294,000
Multi-family mortgage loans |  |  | 55,977 |  |  | 54,950
Commercial Real Estate loans (1-4 family) |  |  | 10,225 |  |  | 9,974
Home equity lines of credit |  |  | 3,204 |  |  | 3,505
Cash |  |  | — |  |  | 3,300
Total |  | $ | 367,136 |  | $ | 365,729
Based on the collateral pledged to the FHLB, CFBank was eligible to borrow up to a total of $239,899 from the FHLB at September 30, 2025 inclusive of the amount outstanding. There were no outstanding borrowings with the Federal Reserve Bank (“FRB”) at September 30, 2025 and December 31, 2024. Assets pledged as collateral with the FRB were as follows:
|  | September 30, 2025 |  | December 31, 2024
|  | (unaudited) |  |  |
Commercial Loans |  | $ | 33,028 |  | $ | 42,807
Commercial Real Estate loans |  |  | 132,363 |  |  | 121,196
Total |  | $ | 165,391 |  | $ | 164,003
Based on the collateral pledged, CFBank was eligible to borrow u p to $145,729 f rom the FRB at September 30, 2025. At September 30, 2025, CFBank had availability in unused lines of credit at two commercial banks in amounts of $50,000 and $15,000. There were no outstanding borrowings on either line at September 30, 2025 and December 31, 2024. Interest on any principal amounts outstanding from time to time under these lines accrues daily at a variable rate based on the commercial bank’s cost of funds and current market returns. The Holding Company has a credit facility with a third-party bank. Prior to April 30, 2025, the credit facility had a borrowing limit of $35,000 with a revolving feature until May 21, 2024, at which time the outstanding balance was converted to a 10-year term note on a graduated 10-year amortization. Borrowings on the credit facility bore interest at a fixed rate of 3.85% until May 21, 2026, at which time the interest rate would convert to a floating rate equal to PRIME with a floor of 3.25%. Effective April 30, 2025, an additional $10,000 revolving line of credit was added to the credit facility and the interest rate was amended to reset the fixed rate to 6.00% until May 21, 2026, at which time the rate will convert to a floating rate equal to PRIM E. The $10,000 revolving line of credit matures on April 30, 2027. The revolving line of credit provided an additional $10,000 that was injected as additional Tier 1 capital into CFBank during the second quarter of 2025. At September 30, 2025, the Company had an outstanding balance, net of unamortized debt issuance costs, of $42,956 on the facility. Contractual maturities of the Holding Company credit facilities as of September 30, 2025 were as follows:
2025, excluding the nine months ended September 30, 2025 | $ |  | — |
2026 |  |  | 1,750 |
2027 |  |  | 12,625 |
2028 |  |  | 2,625 |
2029 |  |  | 3,500 |
Thereafter |  |  | 22,750 |
Less - unamortized debt issuance costs |  |  | (294 | )
| $ |  | 42,956 |

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- 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 -Topic 942 -SubTopic 210 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(13)(3)(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478546/942-210-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 942 -SubTopic 470 -Name Accounting Standards Codification -Section 45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478878/942-470-45-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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