0001193125-26-215923
SEC filingNet income rose 13.4% to $5.0M, driven by lower interest expense and higher noninterest income, though credit quality warrants attention.
Credit quality remains a focus area. The reserve on individually evaluated loans is based on management's estimate of the present value of estimated future cash flows or collateral fair value. Management continues to proactively monitor capital levels and ratios in its ongoing capital planning process.
Management remains focused on growing capital through earnings. Should the need arise, CFBank has additional sources of capital and alternatives it could utilize as further discussed in the Liquidity and Capital Resources section.