8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 1, 2022

CF BANKSHARES INC.

(Exact name of registrant as specified in its charter)

Delaware	0-25045	34-1877137
(State or other jurisdiction of	(Commission	(IRS Employer
incorporation)	File Number)	Identification Number)
7000 N. High Street, Worthington, Ohio	43085	(614) 334-7979
(Address of principal executive offices)	(Zip Code)	(Registrant’s Telephone Number)

(former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $.01 par value	CFBK	The NASDAQ Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 7.01. Regulation FD Disclosure.

CF Bankshares Inc. is providing additional information in conjunction with its Annual Meeting of Stockholders to be held at 10:00 a.m. on June 1, 2022. The slides that will accompany the presentation are furnished as Exhibit 99 to this Form 8-K, and are incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits

(a)	Not applicable
(b)	Not applicable
(c)	Not applicable
(d)	Exhibits
	99 Slide presentation for the Annual Meeting of Stockholders of CF Bankshares Inc. to be held on June 1, 2022 (furnished pursuant to Item 7.01 hereof).
	104Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).

‎

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		CF Bankshares Inc.
Date: June 1, 2022	By:	/s/ Kevin J. Beerman
		Kevin J. Beerman
		Executive Vice President and Chief Financial Officer

EX-99

Exhibit 99

CF Bankshares Inc.Annual Stockholders Meeting Wednesday June 1, 2022 Columbus Cleveland Cincinnati Indianapolis CFBANK

Forward Looking Statements Comments made in this presentation include“forward-looking statements”within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in good faith by us. Forward-Looking statements include but are not limited to:(1)projections of revenues,income or loss,earnings or loss per common share,capitalstructure and otherfinancial items;(2) plans and objectives of the management or Boards of Directors of CF Bankshares Inc.(the“HoldingCompany”) or CFBank, National Association(“CFBank”);(3)statements regarding future events,actionsoreconomicperformance;and(4)statementsofassumptionsunderlyingsuchstatements.Wordssuchas"estimate,""strategy,""may,""believe,""anticipate,""expect,""predict,""will,""intend,""plan,""targeted,"andthenegativeoftheseterms,orsimilarexpressions,areintendedtoidentifyforward-lookingstatements,butarenottheexclusivemeansofidentifyingsuchstatements.Variousrisksanduncertaintiesmaycauseactualresultstodiffermateriallyfromthoseindicatedbyourforward-lookingstatements.Forfactorsthatcouldcauseactualresultstodifferfromourforward-lookingstatements,pleaserefertothe“RiskFactors”intheCompany’sAnnualReportonForm10-K,QuarterlyReportsonForm10-QandotherreportsfiledwiththeSEC.

1st Quarter 2022 Highlights Net income of $4.5 million and Earnings Per Share of $0.69.ROA of 1.24%; ROE of 14.32%.Book Value per common share increased to $19.70.During the quarter, Loans grew by $67 million(5.5%). Improved Efficiency Ratio of 53.10%for Q1 2022 reflects ongoing operating efficiencies through the repositioning of our residential mortgage lending business to a downsized and traditional retail originations model. Credit quality remains strong with only 0.07%of loans being more than 30 days past due at 3/31/2022.

Strong Loan Growth & Credit Quality. Strong loan growth while maintaining Pristine Credit Quality. Annualized Loan CAGR of 31% from 12/31/2017 –3/31/2022. During 2021, replaced $450 million of HFS loans and $131 million of PPP loans. $413 $558 $670 $912 $1,230 $1,297 $300 $500 $700 $900 $1,100 $1,300 $1,500 Y/E 2017 Y/E 2018 Y/E 2019 Y/E 2020 Y/E 2021 Q1 2022 *Total Loans ($ in Millions) 1.96% 1.85% 1.62% 1.55% 0.50% 0.32% 0.0% 0.5% 1.0% 1.5% 2.0% Y/E 2017 Y/E 2018 Y/E 2019Y/E 2020 Y/E 2021 Q1 2022 Criticized & Classified Loans / Loans* Q1 Loan Growth 5%

Sustainable Growth & Franchise Value Sustainable Growth: Building franchise value as proven by our 5-year Tangible Book Value CAGR of 16%.Added Indianapolis as our 4th Major Metro Market. Positioned in solid growth markets. Expect to benefit from Intel’s business investment in Columbus metro ($20 billion). Expanding depth and strength by attracting top players from regional banks. Demonstrated ability to attract “A” caliber talent  & proven performers. Our team is capable of building & managing a much larger bank.

Sustainable Growth & Franchise Value Our commercial focused banking business model, which makes us easy to do business with, resonated with business owners and entrepreneurs. Proven track record of accomplishing quality growth while maintaining Strong Credit Quality. Since 2017, CAGR in Loans was 31%.Credit quality remains strong with a steady decline in Criticized & Classified Loans as a percentage of Total Loans and no commercial loans > 30 days past due. ALLL as a % of Loans was 1.20%at 3/31/2022. Enhanced Treasury Management capabilities will support driving future Noninterest-Bearing (NIB) Deposit growth and Fee Income opportunities.  NIB Deposit CAGR of 28% since 2017.

Key Strategic & Business Focus Size and Scale to $2 Billion (near term objective).Leaning into our Core Competency –Commercial Banking. Strategic Intent –Commercial Banking is a 10 PE business vs. Mortgage historically being 2-5 PE. Non-interest income opportunities: SWAP Fees. SBA –expect expanding volumes in 2022.Niche Commercial Businesses Expansions: Practice Finance –physicians and other professionals. Equipment Finance. LIHTC Financing

CF BANKSHARES / CFBANK Uniquely positioned to scale and expand market share in our 4 major Metro Markets. Potential for significant Regional Market presence in all 4 Metro Markets. Full Service Commercial Bank, with a successful track record of competing vs. Regional Banks.Strong Credit Quality with Effective Risk Management infrastructure. Expanding Core Business with recurring, predictable Earnings streams.American Banker ranked CF Bankshares #7 in its listing of Top 200 Publicly Traded Community Banks based on 3-year average return on equity as of December 31, 2021.WE ARE JUST REVVING UP!

XML

Document And Entity Information	Jun. 01, 2022
Document And Entity Information [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jun. 01, 2022
Entity Registrant Name	CF BANKSHARES INC.
Entity Incorporation, State or Country Code	DE
Entity File Number	0-25045
Entity Tax Identification Number	34-1877137
Entity Address, Address Line One	7000 N. High Street
Entity Address, City or Town	Worthington
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	43085
City Area Code	614
Local Phone Number	334-7979
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	CFBK
Security Exchange Name	NASDAQ
Entity Emerging Growth Company	false
Entity Central Index Key	0001070680