CF Bankshares Inc. (CFBK): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how CF Bankshares Inc. (CFBK), with its total assets of $1.67 billion as of 2024, has carved out its niche in the competitive financial landscape?

From its historical roots to its current ownership structure and strategic mission, this article dives deep into the inner workings of CFBK, revealing how it generates revenue and delivers value to its stakeholders.

Discover the key strategies driving CF Bankshares' success and understand how it continues to evolve in today's dynamic market.

CF Bankshares Inc. (CFBK) History

CF Bankshares Inc. Founding Timeline

Year established

The company was established in 1892.

Original location

The original location was Worthington, Ohio.

Founding team members

Information about the specific founding team members is not readily available in the provided search results.

Initial capital/funding

Details regarding the initial capital or funding are not available in the search results.

CF Bankshares Inc. Evolution Milestones

CF Bankshares Inc. Transformative Moments

• Strategic Acquisitions: The company's growth strategy has heavily relied on acquiring other banking institutions. These acquisitions, including Metropolitan Bank of Ohio, Cincinnati Bancorp, and Ohio Heritage Bank, have significantly expanded its market presence and asset base.
• Rebranding Initiatives: The transition from The Worthington Savings and Banking Company to CF Bank in 2007 reflects a strategic effort to modernize the brand and broaden its appeal.
• Market Expansion: Moving into new markets like Columbus and Cincinnati has been pivotal in diversifying the company's operations and revenue streams.

To gain more insights into the company's financial standing, you might find this resource helpful: Breaking Down CF Bankshares Inc. (CFBK) Financial Health: Key Insights for Investors

CF Bankshares Inc. (CFBK) Ownership Structure

CF Bankshares Inc. exhibits a mixed ownership structure, featuring a combination of institutional, retail, and insider holdings that influence its corporate governance and strategic direction.

CF Bankshares Inc.'s Current Status

CF Bankshares Inc. is a publicly traded company, listed on the NASDAQ under the ticker symbol CFBK. This allows the general public and institutional investors to purchase shares, contributing to its capital base and market valuation.

CF Bankshares Inc.'s Ownership Breakdown

Understanding the ownership composition of CF Bankshares Inc. provides insights into the distribution of control and potential influences on company decisions.

CF Bankshares Inc.'s Leadership

The leadership team at CF Bankshares Inc. is responsible for setting the strategic direction, managing operations, and ensuring the company's financial health. Here are some of the key figures:

• Timothy T. O'Dell serves as the President and Chief Executive Officer.
• Andrew Taylor is the Executive Vice President and Chief Financial Officer.
• Anthony DelBrocco holds the position of Executive Vice President and Chief Lending Officer.

These individuals, along with other members of the executive team and board of directors, guide the company's strategies and oversee its performance. More information about CF Bankshares Inc.'s Mission Statement, Vision, & Core Values of CF Bankshares Inc. (CFBK). can provide additional context to their leadership approach.

CF Bankshares Inc. (CFBK) Mission and Values

CF Bankshares Inc. aims to deliver comprehensive financial solutions while upholding strong community values. The company's mission and values reflect its commitment to customer service, ethical practices, and community investment.

CF Bankshares Inc.'s Core Purpose

Official mission statement

CF Bankshares Inc. does not have a formal, publicly available mission statement. However, based on their operations and public statements, their core purpose can be inferred as follows:

• To provide personalized banking and financial services to individuals and businesses, fostering long-term relationships built on trust and mutual success.
• To support local communities through financial investment, philanthropic activities, and employee volunteerism.
• To deliver sustainable shareholder value by maintaining a strong financial position, managing risk effectively, and pursuing strategic growth opportunities.

Vision statement

While a specific vision statement isn't formally declared, CF Bankshares Inc.'s vision can be understood through its strategic actions and goals:

• To be recognized as the leading community bank in its market, known for exceptional customer service and community engagement.
• To expand its reach and impact through strategic acquisitions and organic growth, while maintaining its commitment to local values.
• To be an employer of choice, attracting and retaining talented professionals who are passionate about serving customers and communities.

Company slogan/tagline

Currently, CF Bankshares Inc. does not have an official, widely publicized slogan or tagline. For further insights into the company's financial standing, consider reading Breaking Down CF Bankshares Inc. (CFBK) Financial Health: Key Insights for Investors.

CF Bankshares Inc. (CFBK) How It Works

CF Bankshares Inc. operates as the holding company for CFBank, National Association, providing a range of banking and financial services to individuals, businesses, and government entities. The bank focuses on commercial lending, deposit services, and wealth management.

CF Bankshares Inc.'s Product/Service Portfolio

CFBank, National Association provides a diversified suite of financial products and services tailored to meet the needs of its various customer segments.

CF Bankshares Inc.'s Operational Framework

CFBank operates with a community banking model, emphasizing local decision-making and personalized service. The bank focuses on building strong relationships with its customers and communities through:

• Branch Network: Maintaining a network of branches in strategic locations to serve customers' banking needs.
• Relationship Management: Assigning dedicated relationship managers to commercial clients to provide tailored financial solutions and ongoing support.
• Credit Underwriting: Employing a disciplined credit underwriting process to assess and manage risk in its lending activities.
• Technology Infrastructure: Investing in technology to deliver convenient online and mobile banking services.
• Customer Service: Providing responsive and efficient customer service through various channels, including in-person, online, and telephone.

CF Bankshares Inc.'s Strategic Advantages

CFBank's success is underpinned by several strategic advantages that enable it to compete effectively in the financial services market:

• Community Focus: Strong ties to the communities it serves, enabling it to attract and retain customers.
• Experienced Management Team: Led by an experienced management team with a track record of success in the banking industry.
• Diversified Revenue Streams: Diversified revenue streams from commercial lending, deposit services, and wealth management, reducing reliance on any single line of business.
• Sound Asset Quality: Maintaining sound asset quality through disciplined credit underwriting and risk management practices.
• Technology Investments: Investing in technology to enhance customer experience and improve operational efficiency.

To gain further insights into the ownership and investor profile of CF Bankshares Inc., explore this resource: Exploring CF Bankshares Inc. (CFBK) Investor Profile: Who’s Buying and Why?

CF Bankshares Inc. (CFBK) How It Makes Money

CF Bankshares Inc. primarily generates revenue through traditional banking activities, including taking deposits and providing loans and other financial services to individuals and businesses.

CF Bankshares Inc.'s Revenue Breakdown

CF Bankshares Inc.'s Business Economics

CF Bankshares Inc.'s profitability is significantly influenced by the spread between the interest it earns on loans and the interest it pays on deposits. Key aspects of its business economics include:

• Interest Rate Sensitivity: The bank's net interest income is sensitive to changes in interest rates. Rising rates can increase income from variable-rate loans, while also potentially increasing deposit costs.
• Loan Portfolio Composition: The types of loans the bank holds (e.g., commercial, residential, consumer) impact its overall yield and risk profile.
• Cost of Funds: Managing the cost of deposits and borrowings is crucial for maintaining a healthy net interest margin.
• Fee Income: Revenue from services like account fees, wealth management, and other financial services provides a supplementary income stream.

CF Bankshares Inc.'s Financial Performance

Analyzing CF Bankshares Inc.'s financial performance involves looking at several key metrics:

• Net Interest Margin (NIM): A key profitability metric, NIM measures the difference between interest income and interest expense relative to interest-earning assets. A higher NIM indicates greater profitability.
• Efficiency Ratio: This ratio measures operating expenses as a percentage of revenue. A lower efficiency ratio indicates better operational efficiency.
• Asset Quality: Monitoring non-performing loans and loan loss reserves is essential for assessing the health of the loan portfolio. Low levels of non-performing assets are generally favorable.
• Capital Adequacy Ratios: Ratios like Tier 1 capital ratio and total capital ratio indicate the bank's ability to absorb losses and remain solvent. Regulatory requirements mandate minimum capital levels.
• Return on Assets (ROA) and Return on Equity (ROE): These metrics measure profitability relative to assets and equity, respectively. Higher ROA and ROE indicate better returns for shareholders.

To gain more in-depth insights into the financial well-being of CF Bankshares Inc., check out: Breaking Down CF Bankshares Inc. (CFBK) Financial Health: Key Insights for Investors

CF Bankshares Inc. (CFBK) Market Position & Future Outlook

As of April 2025, CF Bankshares Inc. is strategically positioned to leverage its community banking model within a competitive financial landscape. The company aims to solidify its market presence through targeted growth initiatives and a focus on customer-centric services.

Competitive Landscape

Opportunities & Challenges

Industry Position

CF Bankshares operates as a community bank, focusing on serving the financial needs of individuals and small to medium-sized businesses within its geographic footprint. Key aspects of its industry position include:

• Community Focus: Prioritizing local relationships and personalized banking services.
• Strategic Growth: Expanding market share through organic growth and targeted acquisitions.
• Digital Adoption: Investing in technology to enhance customer experience and operational efficiency.

To delve deeper into the company's guiding principles, explore the Mission Statement, Vision, & Core Values of CF Bankshares Inc. (CFBK).