CFBank in Fairlawn, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • CFBank in Fairlawn, Ohio (OH)
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CFBank - Overview

  • General
  • FDIC Certificate #: 28263
    Status: Active
    Federal Reserve ID: 767974
    Date Established: January 01, 1892
    WWW: http://www.cfbankonline.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 1260
    FDIC's unique #: 41097
    Numeric code: 37
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 24, 1936
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 2923 Smith Road, Fairlawn, OH 44333
    County: Summit
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Columbus
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Akron, OH (#80)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Akron, OH (#10420)
    CBSA Metro Statistical Area: Akron, OH (#10420)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $249.8 mil
    Equity capital: $14.0 mil
    Deposits held in domestic offices: $218.2 mil
    Return on assets (ROA): -1.63% (-$4.1 mil)
    Quarterly return on assets: -1.59% (-$4.0 mil)
    Return on Equity (ROE): -27.40% (-$3.8 mil)
    Quarterly return on equity: -28.06% (-$3.9 mil)
    Net income: -$4.4 mil
    Quarterly Net income: -$1.0 mil
    Pretax return on assets: -1.63% (-$4,071.3 mil)
    Quarterly Pretax return on assets: -1.59% (-$3,971.4 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 65Total employees (full-time equivalent)
  • $249,775Total assets
  • $5,328Cash and due from depository institutions
  • $3,182Interest-bearing balances
  • $18,516Securities
  • $58,091Federal funds sold & reverse repurchase agreements
  • $153,336Net loans & leases
  • $6,365Loan loss allowance
  • $0Trading account assets
  • $3,508Bank premises and fixed assets
  • $2,370Other real estate owned
  • $37Goodwill and other intangibles
  • $249,775Life insurance assets
  • $8,589All other assets
  • $235,773Total liabilities and capital
  • $218,167Total liabilities
  • $199,238Total deposits
  • $218,167Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,742Trading liabilities
  • $0Other borrowed funds
  • $1,864Subordinated debt
  • $14,002All other liabilities
  • $14,002Total equity capital
  • $14,002Total bank equity capital
  • $0Perpetual preferred stock
  • $19Common stock
  • $29,936Surplus
  • $-15,953Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,112Income earned, not collected on loans
  • $0Earning assets
  • $653Long-term assets (5+ years)
  • $233,125Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $271,122Volatile liabilities
  • $256,800Insider loans
  • $149,151FHLB advances
  • $249,384Loans and leases held for sale
  • $4,273Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,611Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,698Restructured Loans and leases
  • $1,240Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,678Total interest income
  • $3,315Total interest expense
  • $6,363Net interest income
  • $3,202Provision for loan and lease losses
  • $1,344Total noninterest income
  • $0Fiduciary activities
  • $271Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,073Additional noninterest income
  • $9,271Total noninterest expense
  • $4,353Salaries and employee benefits
  • $1,024Premises and equipment expense
  • $3,894Additional noninterest expense
  • -$4,766Pre-tax net operating income
  • $353Securities gains (losses)
  • $0Applicable income taxes
  • -$4,413Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,413Net income attributable to bank
  • $0Net charge-offs
  • -$4,413Cash dividends
  • $3,691Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.82%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 2.51%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 3.66%Noninterest expense to earning assets
  • -1.76%Net operating income to assets
  • -1.63%Return on assets (ROA)
  • -1.63%Pretax return on assets
  • -27.40%Return on equity (ROE)
  • -27.40%Retained earnings to average equity (YTD only)
  • 2.06%Net charge-offs to loans
  • 86.75%Credit loss provision to net charge-offs
  • -0.42%Efficiency ratio
  • 120,293Assets per employee
  • 3.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.99%Loss allowance to noncurrent loans
  • 89.50%Noncurrent assets plus other real estate owned to assets
  • 3.80%Noncurrent loans to loans
  • 4.45%Net loans and leases to deposits
  • 70.28%Net loans and leases to core deposits
  • 79.85%Equity capital to assets
  • 5.61%Core capital (leverage) ratio
  • 5.46%Tier 1 risk-based capital ratio
  • 9.13%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $271,122Average earning assets
  • $16,103Average equity
  • $253,085Average loans

List of branches

  • 4 Ohio Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    041097Cfbank2923 Smith Road, Fairlawn, OH 44333January 01, 1892Full Service Brick and Mortar
    100266317Foulk Drive Branch49028 Foulks Drive, East Liverpool, OH 43920January 01, 1892Full Service Brick and Mortar
    103266320North High Street Branch7000 N. High Street, Columbus, OH 43085December 05, 1997Full Service Brick and Mortar
    106464038Main Street Branch601 Main Street, Wellsville, OH 43968April 20, 2004Full Service Brick and Mortar

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