---
schema_version: "secwatch.filing_event.v1"
accession: "0001070680-21-000029"
form_type: "8-K"
ticker: "CFBK"
cik: "0001070680"
company_name: "CF BANKSHARES INC."
filed_at: "2021-08-04T23:59:59+00:00"
generated_at: "2026-06-29T22:19:24.218426+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# CF Bankshares Q2 net income $3.5M, EPS $0.52; winding down DTC mortgage business

## Summary
- Net income $3.5M ($0.52 diluted EPS) for Q2 2021, down from $10.1M ($1.53) YoY; YTD net income $9.9M ($1.48).
- Mortgage lending posted $2.2M net loss in Q2; company winding down direct-to-consumer (DTC) segment, transitioning to retail model.
- Net interest margin improved to 2.95% in Q2, up 53 bps YoY; net interest income $11M, up 75.7% YoY.
- Net loans grew $35M in Q2 (53% annualized, excl. PPP and branch reclass); total loans $1.0B.
- Book value per share $18.07; declared Q2 cash dividend $0.03/share; completed sale of two Columbiana County branches on July 16 for $1.8M deposit premium.

## SEC filing metadata
- accession: 0001070680-21-000029
- form_type: 8-K
- ticker: CFBK
- cik: 0001070680
- company_name: CF BANKSHARES INC.
- filed_at: 2021-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070680/000107068021000029/0001070680-21-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070680/000107068021000029/cfbk-20210804x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070680-21-000029
- JSON: https://secwatch.observer/filing/0001070680-21-000029.json
- Plain text: https://secwatch.observer/filing/0001070680-21-000029.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.