secwatch.observer — SEC 8-K summary
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Issuer:     CF BANKSHARES INC. (CFBK)
CIK:        0001070680
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001070680-21-000029
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1070680/000107068021000029/0001070680-21-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1070680/000107068021000029/cfbk-20210804x8k.htm
  HTML page:      https://secwatch.observer/filing/0001070680-21-000029

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