---
schema_version: "secwatch.filing_event.v1"
accession: "0001070680-24-000025"
form_type: "8-K"
ticker: "CFBK"
cik: "0001070680"
company_name: "CF BANKSHARES INC."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:06:46.686260+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CF Bankshares Q2 net income drops to $1.7M; $3.1M additional reserves on loan participations

## Summary
- Net income of $1.7M ($0.26 diluted EPS) vs $4.2M ($0.66) year ago; adjusted EPS $0.65 excluding $3.1M specific reserves.
- Provision for credit losses surged to $3.6M from $12K year ago, driven by two regional bank loan participations placed on nonaccrual.
- Net interest margin improved 3bps sequentially to 2.39%; PPNR was $5.5M compared to $5.0M prior quarter.
- Nonaccrual loans rose to $10.9M (0.64% of loans) from $7.9M at March 31; core loan book past due 30+ days at 0.23%.
- Board declared $0.06 per share quarterly dividend, payable July 19; deposits down 1.5% sequentially.

## SEC filing metadata
- accession: 0001070680-24-000025
- form_type: 8-K
- ticker: CFBK
- cik: 0001070680
- company_name: CF BANKSHARES INC.
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1070680/000107068024000025/0001070680-24-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1070680/000107068024000025/cfbk-20240806x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001070680-24-000025
- JSON: https://secwatch.observer/filing/0001070680-24-000025.json
- Plain text: https://secwatch.observer/filing/0001070680-24-000025.txt

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