Cf Bankshares Inc. · NASDAQ:CFBK
Cf Bankshares — Central Federal — Shareholder Meeting (May 2018)
21 slides from Cf Bankshares's shareholder meeting presentation, May 30, 2018
Slide 1: Central Federal Corporation Annual Stockholders Meeting
Central Federal Corporation Annual Stockholders Meeting Wednesday May 30, 2018 Columbus Cleveland Cincinnati Fairlawn Columbiana County
Slide 2: Forward Looking Statements
FORWARD LOOKING STATEMENTS Comments made in this presentation include “forward-looking statements ”within the meaning of the Private Securities Litigation Reform Act of 1995and are made in good faith by us. forward-looking statements include, but are not limited to: (1) projections of revenues, inco
Slide 3: Consistent Growth Story
Consistent Growth Story. Total Assets: 17.5% 2012-2017 CAGR. Total Loans:.21.5% 2012-2017 CAGR .In 2017 net loans and leases grew 16.8% vs. Peer * growth rate of 8.0%.Total Deposits:19.3% 2012-2017 CAGR. Noninterest bearing deposits increased approximately $17 million, or 23%, during 2017. Net Inter
Slide 4: CFBank, Our Business Model
CFBANK, OUR BUSINESS MODEL. Full service Commercial Banking .C&I.CRE.SBA (PLP).Interest Rate Swap .Equipment Leasing .Cash Management products and services. Mortgage Lending .Recently began expanding Residential Mortgage Lending volumes (Direct to Consumer) similar to Quicken Model. Hired experience
Slide 5: Growth Strategies: Organic Growth
GROWTH STRATEGIES Organic, Geographic, M&A.ORGANIC GROWTH. Achieved thru high performance sales culture .Added new or expanded product offerings including Equipment leasing, Positive pay, SBA (PLP).Our Business Model has proven to compete effectively with regional Banks for quality business customer
Slide 6: Growth Strategies: Geographic Expansion and Acquisitions
GROWTH STRATEGIES Organic, Geographic, M&A.ORGANIC GROWTH. Achieved thru high performance sales culture .Added new or expanded product offerings including Equipment leasing, Positive pay, SBA (PLP).Our Business Model has proven to compete effectively with regional Banks for quality business customer
Slide 7: Board and Management Ownership
BOARD AND MANAGEMENTOWNERSHIP *Amount and Nature of Beneficial Ownership Shares Percent Thomas P. Ash, Director 107,910 0.5% Edward W Cochran, Director 1,658,666 7.1%James H. Frauenberg, Director933,831 4.0% John W. Helmsdoerfer, Chief Financial Officer 164,628 0.7% Robert H. Milbourne, Director 139
Slide 8: Commercial Loan Mix
Commercial Loan Mix 25% 54% 21% December 31, 2012 Commercial CRE Multi-Family December 31, 2017 Commercial CRE Multi-Family 41% 45% 14% •Continued focus on diversification increasing commercial (C&I) lending since recap.• Reduced dependence on Commercial real estate (CRE) as a percentage of loans.No
Slide 9: Investor Conclusion
INVESTOR CONCLUSION CFBank sustainable Growth Trajectories .Results in: Asset growth contributes to Earnings leverage/Earnings growth. Geographic Expansion provides increased growth opportunities, plus also adds Franchise value from expanded footprint in additional Metro Market (Cincinnati-latest #4
Slide 10: Financial Highlights
FINANCIAL HIGHLIGHTS John Helmsdoerfer, EVP & CFO
Slide 11: Financial Highlights: Keys to Success
FINANCIAL HIGHLIGHTS Keys to Success Continued earnings improvement. Optimizing balance sheet performance. Maintaining strong credit quality. Continued capital strength to support growth. Driving noninterest income. Achieving operational efficiencies
Slide 12: Income Trends
Income Trends (3,766)(918)479 1,284 2,437 3,461 -$5,000-$4,000-$3,000-$2,000-$1,000 $0 $1,000 $2,000 $3,000 $4,000 2012 2013 2014 2015 2016 2017Income (Loss) Before Income Taxes ($ in thousands)
Slide 13: Driving Net Interest Income
Driving Net Interest Income $0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 2012 2013 2014 2015 2016 2017 Net Interest Income ($ in thousands)
Slide 14: Optimizing Balance Sheet Growth
Optimizing Balance Sheet Growth. Quality loan growth has been critical to our success and driving net income. Credit quality continues to improve while we prudently grow the balance sheet$0 $100,000 $200,000 $300,000 400,000 $500,000 $600,000 2012 2013 2014 2015 2016 2017 Assets ($ in thousands) $50
Slide 15: Focus on Growth in Noninterest Bearing Deposits
Focus on Growth in Noninterest Bearing Deposits$0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 2012 2013 2014 2015 2016 2017 Noninterest Bearing Deposits($ in thousands)
Slide 16: Capital Ratios at 12/31/2017
Capital Ratios at 12/31/2017 11.91% 10.00% 9.25% 10.50% 0% 2% 4% 6% 8% 10% 12% 14% Actual 12/31/17Well Capitalized Reg. Standards Phase-In Schedule Fully Phased-In Total Capital to Risk Weighted Assets Basel III -Minimum capital required10.65%8.00%7.25%8.50%0%2%4%6%8%10%12%Actual 12/31/17Well Capita
Slide 17: Capital Ratios Dec. 2017 vs. Mar. 2018
Capital Ratios Dec. 2017 vs. Mar. 2018 11.91%13.05%10.00%0%2%4%6%8%10%12%14%Actual 12/31/17Actual 03/31/18Well Capitalized Reg. Standards Total Capital to Risk Weighted assets 10.65%11.80%8.00%0%5%10%15%Actual 12/31/17Actual 03/31/18Well Capitalized Reg. Standards Tier 1 (Core) Capital to Risk Weigh
Slide 18: Maintaining Strong Credit Quality is a Key Focus
Maintaining Strong Credit Quality is a Key Focus$0$5,000$10,000$15,000 $20,000 $25,000 $30,000 $35,000 2012 2013 2014 2015 2016 2017Criticized and Classified Loans at December 31($ in thousands)
Slide 19: Credit Quality Remains Strong
Credit Quality Remains Strong .Nonperforming loan (NPL’s) trends improved significantly. Netcharge-off (recoveries) continue to trend favorably Our ALLL ratio to NPL’s has improved significantly. Our ALLL as a percentage of loans remains strong at1.69% at December31,2017 0.00%1.00%2.00%3.00%4.00%5.0
Slide 20: In Summary
IN SUMMARY Focus remains on optimizing balance sheet and earnings performance. Continued emphasis on maintaining strong credit quality. Opportunities exist to improve noninterest income. Maintain strong capital position. Achieve operational efficiencies
Slide 21: Thank you!
Thank you!