CF BANKSHARES Business Summary

CF Bankshares Inc. (CFBK) operates as the financial holding company for CFBank, N.A., utilizing a "branch-lite" boutique commercial banking model to generate revenue primarily through net interest income and non-interest fee income. The company’s revenue streams are diversified across three primary segments: Commercial Banking, which provides equipment leases and commercial loans to closely held businesses; Residential Mortgage Lending, focused on single-family and multi-family mortgage originations; and Retail Banking, offering treasury management and depository services. By maintaining a lean physical footprint and focusing on high-touch service for entrepreneurs in major metro markets like Columbus, Cleveland, and Indianapolis, CFBK achieves high operational efficiency, evidenced by a 2025 efficiency ratio of 49.2%. Its direct competitors include SB Financial Group Inc. (SBFG), Colony Bankcorp Inc. (CBAN), and Citizens Financial Services Inc. (CZFS), against whom CFBK differentiates itself by offering direct client access to executive decision-makers and a specialized focus on commercial real estate development and stabilization financing. The current leadership team is anchored by President and CEO Timothy T. O’Dell and Chairman Robert E. Hoeweler, who spearheaded the company’s pivotal 2012 recapitalization and strategic pivot toward commercial banking. O’Dell brings over 35 years of industry experience, including a 22-year tenure at Fifth Third Bank where he served as President of the Central Ohio division, while Hoeweler provides a robust pedigree as a multi-industry CEO and venture capital investor. The executive suite includes EVP and CFO Kevin Beerman, EVP and COO Marianne McKinney, and CFBank President Brad Ringwald, who collectively oversee a loan portfolio exceeding $1.76 billion. Notable board members include James H. Frauenberg II, principal of Addison Holdings, and David L. Royer of Continental Real Estate Companies, reflecting a board composition heavily weighted toward real estate and entrepreneurial expertise. As of early 2026, the team continues to focus on aggressive commercial pipeline growth and capital optimization following a 31% year-over-year increase in 2025 net income.