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Last $1.37 USD
Change Today 0.00 / 0.00%
Volume 1.4K
CFBK On Other Exchanges
Symbol
Exchange
NASDAQ CM
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

central federal corp (CFBK) Snapshot

Open
$1.37
Previous Close
$1.37
Day High
$1.38
Day Low
$1.37
52 Week High
12/16/14 - $1.50
52 Week Low
12/26/14 - $1.18
Market Cap
21.7M
Average Volume 10 Days
2.9K
EPS TTM
$0.04
Shares Outstanding
15.8M
EX-Date
03/20/09
P/E TM
34.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for CENTRAL FEDERAL CORP (CFBK)

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central federal corp (CFBK) Details

Central Federal Corporation operates as the holding company for CFBank that provides various financial services. It offers a range of deposit products that include savings accounts, retail and business checking accounts, money market accounts, and certificates of deposits. The company also provides loan products comprising single-family mortgage loans; commercial real estate and multi-family residential mortgage loans; commercial loans; construction and land loans; and consumer loans, such as home equity lines of credit, automobile loans, home improvement loans, and loans secured by deposits. In addition, it offers Internet banking, mobile banking, remote deposit, and corporate cash management services. The company provides its services through four branch offices located in Summit, Columbiana, and Franklin Counties, as well as a loan production office in Cuyahoga County, Ohio. Central Federal Corporation was founded in 1892 and is based in Worthington, Ohio.

central federal corp (CFBK) Top Compensated Officers

Chief Executive Officer, Director, Chairman o...
Total Annual Compensation: $260.0K
President, Director, Member of Executive Comm...
Total Annual Compensation: $230.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2014.

central federal corp (CFBK) Key Developments

Central Federal Corp. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge-Offs for the Second Quarter Ended June 30, 2015

Central Federal Corp. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. The company announced that net income for the three months ended June 30, 2015 totaled $467,000 and increased $369,000, or 376.5%, compared to a net income of $98,000 for the three months ended June 30, 2014, primarily due to a $413,000 increase in net interest income, a $106,000 increase in noninterest income, and a $33,000 decrease in provision expense, partially offset by a $183,000 increase in noninterest expense. Net income attributable to common stockholders for the three months ended June 30, 2015, totaled $252,000, or $0.02 per diluted common share, and increased $213,000, or 546.2%, compared to net income attributable to common stockholders of $39,000, or $0.00 per diluted common share, for the three months ended June 30, 2014. For the three months ended June 30, 2015, preferred dividends on the Series B Preferred Stock and accretion of discount reduced net income attributable to common stockholders by $215,000 compared to $59,000 for the three months ended June 30, 2014. Net interest income totaled $2.5 million for the quarter ended June 30, 2015 and increased $413,000, or 20.2%, compared to $2.0 million for the quarter ended June 30, 2014. The increase in net interest income was primarily due to a $635,000, or 25.6%, increase in interest income, partially offset by a $222,000, or 51.0%, increase in interest expense. Total interest income was $3,113,000 against $2,478,000 for the same period of last year. Income before income taxes was $467,000 against $98,000 for the same period of last year. ROA was 0.57% compared to 0.14% a year ago. ROE was 5.37% compared to 1.57% a year ago. Book value and tangible book value per common share was $1.45 at June 30, 2015 compared to $1.42 at June 30, 2014. For the six months ended June 30, 2015, net income was $718,000 and increased $834,000 compared to a net loss of $116,000 for the six months ended June 30, 2014. The increase in net income was primarily due to a $1.1 million increase in net interest income and a $216,000 increase in noninterest income, partially offset by a $448,000 increase in noninterest expense and a $22,000 increase in provision expense. Net income attributable to common stockholders for the six months ended June 30, 2015 totaled $289,000, or $0.02 per diluted common share, and increased $464,000 compared to a net loss attributable to common stockholders of $175,000, or $0.01 per diluted common share, for the six months ended June 30, 2014. For the six months ended June 30, 2015, preferred dividends on the Series B Preferred Stock and accretion of discount reduced net income attributable to common stockholders by $429,000 compared to $59,000 at June 30, 2014. Total interest income was $6,131,000 against $4,681,000 for the same period of last year. Income before income taxes was $718,000 against loss of $116,000 for the same period of last year. Net interest income totaled $4.9 million for the six months ended June 30, 2015 and increased $1.1 million, or 28.6%, compared to $3.8 million for the six months ended June 30, 2014. The increase in net interest income was primarily due to a $1.5 million, or 31.0%, increase in interest income, partially offset by a $362,000, or 41.3%, increase in interest expense. The increase in interest income was primarily attributed to a $56.1 million, or 23.1%, increase in average interest-earning assets outstanding, and a 25bps increase in average yield on interest-earning assets. ROA was 0.45% and ROE was 4.14% against negative ROA of 0.09% and negative ROE of 0.97% for the same period of last year. Net charge-offs for the quarter ended June 30, 2015 totaled $37,000 and increased $37,000 compared to net charge-offs of $0 for the quarter ended June 30, 2014. The increase in net charge-offs is primarily related to single-family residential and commercial real estate loans. The ratio of the ALLL to nonperforming loans improved to 421.3% as of June 30, 2015.

Central Federal Corporation Ratifies the Appointment of BKD, LLP as Independent Registered Public Accounting Firm for the Year Ending December 31, 2015

Central Federal Corporation ratified the appointment of BKD, LLP as the company's independent registered public accounting firm for the year ending December 31, 2015, at the AGM held on May 20, 2015.

Central Federal Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Central Federal Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income of $3,018,000 compared to $2,203,000 a year ago. Net interest income was $2,436,000 compared to $1,761,000 a year ago. Income before income taxes was $251,000 compared to loss before income taxes of $214,000 a year ago. Net income was $251,000 compared to net loss of $214,000 a year ago. Earnings attributable to common stockholders were $37,000 compared to loss attributable to common stockholders of $214,000 a year ago. Return on average assets was 0.32% compared to negative return on average assets of 0.34% a year ago. Return on average equity was 2.90% compared to negative return on average equity of 3.76% a year ago. Book value per common share was $1.43 compared to $1.43 a year ago. Tangible book value per common share was $1.43 compared to $1.43 a year ago.

 

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Valuation CFBK Industry Range
Price/Earnings 41.5x
Price/Sales 1.9x
Price/Book 0.6x
Price/Cash Flow 16.5x
TEV/Sales NM Not Meaningful
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