CFBank, National Association
Headquarters
4960 E Dublin Granville Rd
Columbus, OH 43081
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2024 Overview
General Bank Information
CFBank, National Association is an FDIC insured institution located in Columbus, OH. It was founded in 1892 and has approximately $2.03 billion in assets. Customers can open an account at one of its 5 branches.
| FDIC Insured | Yes |
| FDIC Certificate | # 28263 |
| Date Established | 1892 |
| Assets | $ 2.03 billion |
| Loans | $ 1,690.88 million |
| Deposits | $ 1,697.72 million |
| Capital | $ 199.49 million |
For a more detailed analysis of CFBank, National Association's financial condition and a description of what these numbers mean, please visit the Financial Details section.
Deposit Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
4.30% | $25,000 | - |
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|
| CD Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.05% | $10,000 | - |
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|
| 12 Month Special
|
4.50% | $10,000 | - |
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|
| 18 Mo CD
|
0.10% | $10,000 | - |
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|
| 24 Month CD Special
|
4.50% | $10,000 | - |
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|
| 36 Mo CD
|
0.35% | $10,000 | - |
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|
| 48 Mo CD
|
0.35% | $10,000 | - |
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|
| 60 Mo CD
|
0.50% | $10,000 | - |
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|
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| INTCK
|
0.01% | $2,500 | $3,499 | Learn More |
Loan Rates - November 21, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for CFBank, National Association
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Monthly Payment |
Learn More |
|---|---|---|---|---|
NMLS ID: 2578474 |
6.494% |
6.375% 0.88 points $4,010 fees |
$1,997 | Learn More |
NMLS ID: 1025894 |
6.955% |
6.875% 0.63 points $2,594 fees |
$2,103 | Learn More |
NMLS ID: 3030 |
7.325% |
7.250% 0.75 points $2,400 fees |
$2,183 | Learn More |
NMLS ID: Not a Lender |
points fees |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR
7.240 %
After Intro: 7.240 % |
$0 |
Learn More
More Info |
Note to CFBank, National Association
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Branches
CFBank, National Association branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
CFBank, National Association Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 109.39 | A | View Lobby Hours | |
| 132.49 | B | View Lobby Hours | |
| 137.53 | C | View Lobby Hours |
Climate Policy and Initiatives
CFBank, National Association is encouraged to provide us with this information. When we receive this information from the bank, we will provide it here.
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Financial Details
CFBank, National Association Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of CFBank, National Association. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| CFBank, National Association | U.S. Bank Average |
|---|---|
| 4.99% | 4.48% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of June 30, 2024, CFBank, National Association had $10,909,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $199,489,000 in equity and $19,285,000 in loans loss reserves. That gives it a Texas Ratio of 4.99%.
Return on Equity
| CFBank, National Association | U.S. Bank Average |
|---|---|
| 6% | 10.46% |
CFBank, National Association has a Return on Equity of 6% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| CFBank, National Association | U.S. Bank Average |
|---|---|
| 9.81% | 10.84% |
CFBank, National Association has a Capitalization of 9.81% versus the BestCashCow average of 10.84. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
CFBank, National Association Balance Sheet Analysis
As of June 30, 2024, CFBank, National Association had assets of $2,032,600,000, loans of $1,690,882,000, and deposits of $1,697,719,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
June 30, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 241.85 million |
| Interest-bearing balances | $ 237.48 million |
| Total securities | $ 8.32 million |
| Federal funds sold and reverse repurchase | N.A. |
| Net loans and leases | $ 1,690.88 million |
| Loan loss allowance | $ 19.29 million |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | N.A. |
| All other assets | $ 59.05 million |
| Total Assets | $ 1,833.11 million |
| LIABILITIES | |
|---|---|
| Total deposits | $ 1,697.72 million |
| Interest-bearing deposits | $ 1,479.46 million |
| Deposits held in domestic offices | $ 1,697.72 million |
| % insured (estimated) | 71.43% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 56.74 million |
| Subordinated debt | N.A. |
| All other liabilities | $ 14.99 million |
| Total Liabilities | $ 1,833.11 million |
| Shareholders’ Equity | $ 199.49 million |
Summary Income Statement
June 30, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 58.47 million |
| Total Interest Expense | $ 34.16 million |
| Net interest income | $ 24.31 million |
| Provision for loan and lease losses | $ 4.80 million |
| Total non interest income | $ 1.90 million |
| Total non interest expense | $ 14.91 million |
| Pre-tax Net Operating Income | $ 12.33 million |
Bank Loan Profile?
The top three loan types in CFBank, National Association’s loan portfolio are 1-4 Family Residential Loans, Commercial and Industrial Loans, and Commercial Real Estate.
Compared to other banks in Ohio, CFBank, National Association has a significantly higher percent of Construction and Development Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 26.68 | ✓ | ||
| Multifamily Mortgages |
4.61 | ✓ | ||
| Credit Card Loans | 0.00 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 2.83 | ✓ | ||
| Construction and Development Loans | 9.65 | ✓ | ||
| Commercial Real Estate | 17.74 | ✓ | ||
| Commercial and Industrial Loans | 21.90 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Customer Reviews for CFBank, National Association
James R.
September 11, 2020 |
CF Bank showed good promise as a lender. They have a nice site with a swift intake and origination process. My originator, Dylan, was knowledgeable and a pleasure to work with. I unfortunately can’t give CF Bank much credit other than that. I began a refi process with them in June of 2020 and have just cancelled my application with them in September. Their back-office process is lacking in transparency and their underwriting department appears to be disorganized and inefficient. The appraisal that was done for my property was delivered to CF Bank around June 26th and I was notified on September 8th that they were pending an updated appraisal because of their “risk” review. I’ve submitted documentation as requested. For a documented refi, with excellent credit, and under 80% LTV it is ridiculous to take 90+ days to wrap up the loan. I cancelled my application with them and have gone back to my time tested and proven lenders who I know can close a loan. YMMV – but take this as a word of caution – you’ll likely have an extended closing, if you can wait that long.
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Michael M
April 13, 2020 |
Loren was extremely unpleasant through initial communications and would only communicate via email (wouldn’t answer the phone but then email you back). Loren then sold a deal that sounded good so we moved forward because business is business but then could not close without an additional $16,000.00 at closing. Beware, Loren will sell you a deal to get you away from his competitors and then you will pay his appraisal company $500 and all of a sudden the deal will change.
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John M
February 19, 2020 |
Applied for a simple refi. My income is the same, my credit score went up from 700 to 780 and my outside debt level dropped significantly all since I obtained my original mortgage. Should have been simple refi process. Underwriting didn't understand that my income consists of salary and commission so denied refi. Now they won't give me a detailed explanation of why they denied refi. They don't seem to have qualified underwriters to do there job. Best to go with a large bank or mortgage company.
Is this review helpful? Yes:2 / No: 0
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