CF Bankshares Inc. reported a net income of $5.9 million for the second quarter of 2026, translating to earnings of $0.90 per diluted share, an increase from $5.0 million or $0.77 per share in the same period last year. The company's net interest income rose to $14.8 million, a 6.0% increase from $14.0 million in the prior year, primarily due to a decrease in interest expenses. Interest expenses fell by 7.2% to $15.2 million, attributed to a reduction in the average rate on interest-bearing liabilities. However, interest income decreased slightly by 1.1% to $30.0 million, reflecting a decline in the average yield on interest-earning assets.
Total assets for CF Bankshares increased to $2.17 billion as of June 30, 2026, up from $2.12 billion at the end of 2025. This growth was driven by a $59.7 million increase in net loans and leases, which reached $1.80 billion, a 3.4% rise from the previous period. The allowance for credit losses on loans also increased to $19.4 million, representing 1.07% of total loans, compared to 1.01% at the end of 2025. The company reported a rise in nonperforming loans to $20.8 million, up from $15.3 million, indicating a growing concern over credit quality.
In terms of operational metrics, CF Bankshares saw a total deposit increase to $1.83 billion, a 2.7% rise from $1.78 billion at the end of 2025. The increase was primarily due to a $59.9 million rise in interest-bearing account balances. The company also reported a decrease in brokered deposits, which fell by 16.5% to $334.1 million. The bank's capital ratios remained strong, with a Common Equity Tier 1 capital ratio of 13.55%, well above the regulatory minimum.
Looking ahead, CF Bankshares remains focused on managing its credit risk and maintaining adequate liquidity. The company has access to various funding sources, including Federal Home Loan Bank advances and commercial bank lines of credit. Management believes that the current liquidity position is sufficient to meet operational needs and support future growth. The outlook for the remainder of 2026 includes continued monitoring of credit quality and potential adjustments to the allowance for credit losses based on economic conditions and borrower performance.
About CF BANKSHARES INC.
CF Bankshares Inc. is a financial holding company for CFBank, a nationally chartered boutique commercial bank serving primarily Ohio and Indiana metro markets. It offers commercial, retail, and mortgage lending, including commercial loans, real estate financing, and treasury management, targeting closely held businesses and entrepreneurs. The bank emphasizes personalized service with direct decision-maker access, combining local expertise with sophisticated banking products and digital convenience. Its business model relies on deposits, loan interest, and fee income.
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