---
schema_version: "secwatch.filing_event.v1"
accession: "0001070680-24-000008"
form_type: "8-K"
ticker: "CFBK"
cik: "0001070680"
company_name: "CF BANKSHARES INC."
filed_at: "2024-04-15T23:59:59+00:00"
generated_at: "2026-06-03T22:44:33.774080+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# CF Bankshares discloses OCC 'Needs to Improve' CRA rating; details remediation efforts

## Summary
- CFBank received 'Needs to Improve' CRA rating from OCC for 2020-2022, down from prior 'Satisfactory' in 2020.
- Lending test rated 'Needs to Improve'; community development test rated 'Satisfactory'.
- By 2023, LMI residential mortgage loans rose to 34.31% (vs 11.23% in 2020, 12.50% in 2021).
- Initiatives include Low-Income Housing Credit Loan Program, rate reductions on loans <$150k, and Ohio Housing Finance Agency application.
- Next OCC evaluation expected in 2026; company expects improvement but cannot assure outcome.

## SEC filing metadata
- accession: 0001070680-24-000008
- form_type: 8-K
- ticker: CFBK
- cik: 0001070680
- company_name: CF BANKSHARES INC.
- filed_at: 2024-04-15T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070680/000107068024000008/0001070680-24-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070680/000107068024000008/cfbk-20240415x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070680-24-000008
- JSON: https://secwatch.observer/filing/0001070680-24-000008.json
- Plain text: https://secwatch.observer/filing/0001070680-24-000008.txt

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