CF Bankshares

What CF Bankshares does

CF Bankshares Inc. is a publicly traded bank holding company (NASDAQ: CFBK) and parent of CFBank NA, a nationally chartered full-service boutique bank headquartered in Columbus, Ohio. Founded in 1894, the company operates seven branch locations across Ohio (Columbus HQ, Polaris, Cleveland/Pinecrest, Cincinnati/Blue Ash, Cincinnati/Red Bank, Fairlawn/Akron) and Indianapolis, with total assets exceeding $2 billion and a market capitalization of approximately $183 million.

CFBank operates a relationship-driven commercial and retail banking franchise, delivering deposits, treasury management, SBA lending (as a Preferred Lender), equipment financing, commercial lending, residential mortgages, HELOC, and DSCR investment-property loans. The technology stack is a standard digital banking platform: iOS and Android mobile apps, online banking, Zelle peer-to-peer payments, mobile deposit capture, Card Suite Lite debit-card protection, and ISO 20022 wire-payment standards. Mortgage origination is supported by 19 mortgage bankers across all markets through an online application portal.

The business model is a traditional spread-plus-fee bank: net interest income from commercial loans, residential mortgages, equipment financing, and consumer lending is the primary revenue stream, supplemented by noninterest income from treasury management services, mortgage banking, wire and ATM fees, and other service charges. Q1 2026 results show $5.0 million in net income (up 13% year-over-year), a 23% increase in noninterest income, and 15% annualized commercial loan growth. Customer segments are horizontal, spanning consumers, small/mid-market businesses, non-profits, real estate developers, and real estate investors, with capital ratios (Tier 1 Leverage 11.76%, CET1 13.85%) and a 10% return on equity supporting continued balance-sheet expansion.

Name

CF Bankshares

Legal name

CF Bankshares Inc.

Website

https://cf.bank

Company type

Public

Founded year

1894

Operating status

Operating

Short description

CF Bankshares is the publicly traded parent (NASDAQ: CFBK) of CFBank NA, a Columbus, Ohio-based boutique commercial and retail bank with seven branches across Ohio and Indianapolis, offering deposits, SBA lending, mortgages, equipment financing, and treasury management to consumers, small/mid-market businesses, and non-profits.

Ownership category

akta.pro rank

Product category

Commercial and Retail Banking

NAICS

Offices of Bank Holding Companies (551111), Commercial Banking (52211), Commercial Banking (522110)

SIC

National Commercial Banks (6021), Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Real Estate (Commercial Property, REITs) (FSABACAH)

Keywords

• Commercial banking services
• Residential mortgage lending
• SBA preferred lending
• Treasury management services
• Boutique retail banking

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales, Others

Revenue model

1. Net Interest Income: Interest income from loan portfolio including commercial loans, residential mortgages, equipment financing, and consumer lending minus interest paid on deposits
2. Non-Interest Income: Fee income from treasury management services, mortgage banking, wire fees, ATM fees, and other banking service charges. Grew 23% year-over-year in Q1 2026
3. Residential Mortgage Lending: Origination and servicing of residential mortgages including conventional, government, and DSCR investment property loans. Expansion opportunity as competitors exit the mortgage business
4. Commercial Banking Services: Commercial lending, equipment financing, SBA loans, and business deposit services for small to mid-sized businesses
5. Treasury Management: Payable solutions, receivable solutions, fraud prevention, and cash vault services for business clients

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

CF Bankshares is the holding company of CFBank NA, a nationally chartered full-service boutique bank offering consumer and commercial banking, residential mortgage lending, SBA lending, equipment financing, treasury management, and cash vault services. The bank serves individuals, small-to-mid-sized businesses, real estate developers, and non-profits across Ohio and Indiana through 7 branches plus digital channels.

Product overview

CFBank is a nationally chartered full-service boutique bank headquartered in Columbus, Ohio, offering a comprehensive portfolio of banking products through a unified platform. The company's offerings span Personal Banking (checking accounts including Choice, Total Perks, and Boutique tiers; savings including Money Market and CDs; mortgage lending including HELOC and DSCR products), Business Banking (checking, savings, equipment financing, SBA lending, and lines of credit), Commercial Banking (treasury management, commercial lending, and commercial cards), and specialty services (non-profit banking, cash vault services, and boutique private banking). The bank operates seven branch locations across Ohio (Columbus, Polaris, Red Bank, Blue Ash, Fairlawn, and Pinecrest) and Indiana (Indianapolis), serving customers with both digital (mobile and online banking) and traditional branch-based delivery channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Choice Checking Low-cost personal checking account with online and mobile banking, bill pay, debit card, eStatements, and 5 free non-CFBank ATM transactions. $7 monthly fee waived with $100 minimum average balance.
• Total Perks Checking Personal checking with Total Luxury Perks benefits including roadside assistance, cell phone protection, ID theft aid, and local merchant discounts. $6 monthly fee waived with $1,000 minimum average balance.
• Boutique Checking Premium personal checking with competitive interest on balances, free non-CFBank ATM transactions, and free specialty checks. $10 monthly fee waived with $2,000 minimum average balance.
• Personal Savings Personal savings accounts including Platinum Money Market (3.30% APY with $25,000 minimum), Certificates of Deposit (terms from 6 to 60 months, 3.50%-4.00% APY), and Boutique Savings with interest on balances of $500 or more.
• Mortgage Lending Residential mortgage lending services including conventional and government mortgages, refinancing, and home equity products offered through a network of mortgage bankers across Ohio and Indiana. Rates start at 6.125% APR for 30-year fixed conventional.
• Home Equity Line of Credit (HELOC) Revolving credit line secured by home equity with 10-year draw period and 20-year repayment term. Available in Ohio, Indiana, and Kentucky for primary and secondary single-family residences. $10,000-$400,000 with variable rate tied to prime and 3.00% floor.
• Debt Service Coverage Ratio (DSCR) Loans Investment property financing product for individual borrowers and LLCs focused on property cash flow with up to 80% LTV on purchases, interest-only options, and loan amounts up to $2.5 million.
• Boutique Banking Premium boutique banking tier offering personalized relationships, priority service, and exclusive benefits including unlimited ATM withdrawals, unsecured credit lines from $25,000 to $500,000, and rate discounts on home equity products.
• Business Checking Business checking accounts with three different options featuring online banking, mobile banking, bill pay, debit cards, and eStatements for businesses.
• Business Savings Business savings and money market accounts designed to help businesses take advantage of compounding interest.
• Treasury Management Comprehensive cash management services including online banking, payable solutions, receivable solutions, and fraud prevention for commercial clients.
• Commercial Lending Commercial loans and leases providing flexible financing options for businesses seeking capital for expansion and operations.
• Equipment Financing Equipment loans and leases with up to 100% financing, fixed rates starting at 5.99% APR, amortization up to 5 years, and flexible terms including TRAC leases and $1.00 buy-out options.
• SBA Lending Small Business Administration loan programs including 7(a) loans up to $5 million, SBA Express loans with expedited review, and 504 loans for equipment and real estate. Offered through SBA Preferred Lender status enabling nationwide lending.
• Lines of Credit Business lines of credit providing flexible access to funds for various business opportunities and financial needs with quick turnaround.
• Remote Deposit Capture Electronic check deposit service allowing businesses to make deposits without visiting a branch, with funds credited typically within 24 hours.
• Cash and Vault Services Comprehensive cash management solution for businesses handling substantial currency volumes, including armored car pickup, same-day credits, and customized ordering portals.
• Non-Profit Banking Specialized banking services for non-profit organizations including treasury management, facility loans, and lines of credit with dedicated relationship management and tailored relationship pricing.
• Business Credit Cards Commercial card administration and holder services for business expense management.
• Mobile Banking Secure mobile banking application for iOS and Android enabling account access, transfers, bill payment, check deposits, and ATM location services 24/7.

Quantifiable outcome

• 15% annualized commercial loan growth totaling $45 million in Q1 2026
• +5 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and minor.

• BanzaicoreStrategic or Co-development PartnerPartnership with Banzai provides free online financial literacy education to students across Ohio and Indiana. CFBank brings Banzai's premium online financial literacy program to educators and students in the bank's service area.
• Ohio Housing Finance Agency (OHFA)coreStrategic or Co-development PartnerCFBank offers Ohio Housing Finance Agency programs for low-to-moderate income borrowers, first-time homebuyers, public service professionals, and recent graduates seeking down payment assistance and affordable housing financing.
• American Dream Downpayment InitiativeminorStrategic or Co-development PartnerFor Columbus City residents, CFBank participates in the American Dream Downpayment Initiative providing up to $14,000 toward down payments for low and middle income first-time home buyers.
• Cash Vault Service PartnersminorChannel Partner/ Reseller/ DistributorCFBank has partnered with trusted and insured couriers in each market to provide cash and coin ordering, delivery, and pickup services for businesses managing substantial volumes of currency.
• Community Housing NetworkcoreStrategic or Co-development PartnerLong-term banking partner since 2018. CFBank provides financial services and actively supports Community Housing Network through philanthropic contributions and employee volunteering to support affordable housing mission.

Scale indicators16 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• HBT Financial: Illinois-based community bank holding company (NASDAQ: HBT) with similar community banking model, comparable asset size, and similar commercial/consumer banking focus. Both banks emphasize relationship-driven service as a differentiator versus larger regional competitors.
• First Merchants Corporation: Indiana-headquartered community bank holding company (NASDAQ: FRME) with similar commercial lending, mortgage banking, and consumer banking franchise. Directly competes with CFBank's Indianapolis market and shares similar Midwest operating geography.
• Stock Yards Bancorp: Kentucky-based community bank holding company (NASDAQ: SYBT) with comparable commercial banking, wealth management, and SBA-style lending programs. Similar asset size, similar customer focus on professionals and SMBs, and similar boutique-style positioning in Midwest markets.
• Lakeland Financial Corporation: Indiana-based community bank holding company (NASDAQ: LKFN) operating Lake City Bank with comparable relationship-driven commercial banking model. Similar size, similar commercial/consumer banking focus, and overlapping Indiana footprint with CFBank's Indianapolis presence.
• WesBanco: Multi-state community bank holding company (NASDAQ: WSBC) headquartered in West Virginia with comparable commercial banking, mortgage, and consumer banking franchise across the Midwest. Similar asset tier, similar SBA and CRE lending programs, and similar customer segments.
• S&T Bancorp: Pennsylvania-based community bank holding company (NASDAQ: STBA) with comparable commercial banking, residential mortgage, and consumer banking franchise. Similar asset size, similar customer segments, and similar community banking positioning in the broader Midwest/Northeast region.
• First Financial Bancorp: Ohio-headquartered community bank holding company (NASDAQ: FFBC) with similar commercial and consumer banking model across Ohio, Indiana, and Kentucky. Comparable size, similar product mix including commercial lending and SBA-style programs, and similar customer profile of SMBs and middle-market companies.
• Park National Corporation: Ohio-based community bank holding company (NYSE: PRK) operating a similar relationship-driven commercial and retail banking model across Ohio and adjacent states. Comparable asset size and branch-based community banking model serving SMBs and middle-market borrowers.

Broad incumbents

• Huntington Bancshares: Major Ohio-based super-regional bank holding company (NASDAQ: HBAN) headquartered in Columbus that competes directly with CFBank across multiple Ohio markets. Much larger, broader commercial and consumer banking franchise, but operates in same geographies and target segments as CFBank.
• Fifth Third Bancorp: Major Cincinnati-based super-regional bank holding company (NASDAQ: FITB) with significant overlap in CFBank's core Ohio markets. Offers full commercial, mortgage, treasury management, and consumer banking products that compete with CFBank across all major Cincinnati, Columbus, and Cleveland markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CF Bankshares