CFBANK NATIONAL ASSN

Risk factor changes

Wording that changed between the 10-K filed 2025-03-14 and the 10-K filed 2026-03-12, found by comparing the two Risk Factors sections automatically. Showing 12 of 16. Read the full section in the latest 10-K on SEC.gov.

• Added. Policies of regulatory authorities, including monetary policies of the Board of Governors of the Federal Reserve System, also significantly affect the movement of interest rates.
• Added. The impact of the Company's adoption of CECL was a one-time cumulative-effect adjustment increasing our reserves for loans and unfunded commitments by $49,000.
• Added. Since January 1, 2017, our total net loans have grown by $1.3 billion, or 327.9%, and our total assets have grown by $1.6 billion, or 339.8%.
• Reworded. Conditions such as inflation, recession, unemployment, changes in interest rates, fiscal and monetary policy, an increasing federal government budget deficit, the failure of the federal government to raise the federal debt ceiling and/or possible future U.S. government shutdowns over budget disagreements, slowing gross domestic product, threatened or imposed tariffs, a U.S. withdrawal from or significant renegotiation of trade agreements and other changes in the relationship of the U.S. and U.S. global partners, trade wars, and other factors beyond our control may adversely affect CFBank's deposit levels and composition, the quality of investment securities available for purchase, demand for loans, the ability of CFBank's borrowers to repay their loans, and the value of the collateral securing loans made by CFBank.
  Earlier wording

  Conditions such as inflation, recession, unemployment, changes in interest rates, fiscal and monetary policy, an increasing federal government budget deficit, the failure of the federal government to raise the federal debt ceiling and/or possible future U.S. government shutdowns over budget disagreements, slowing gross domestic product, tariffs, a U.S. withdrawal from or significant renegotiation of trade agreements, trade wars, and other factors beyond our control may adversely affect CFBank's deposit levels and composition, the quality of investment securities available for purchase, demand for loans, the ability of CFBank's borrowers to repay their loans, and the value of the collateral securing loans made by CFBank.

• Reworded. Additional information regarding our allowance for credit losses methodology and the sensitivity of the estimates can be found in the discussion of the "Determination of the allowance for credit losses on loans (ACL - Loans)" included in Management's Discussion and Analysis of Financial Condition and Results of Operations in Item 7 of this Form 10-K.
  Earlier wording

  Additional information regarding our allowance for credit losses methodology and the sensitivity of the estimates can be found in the discussion of "CECL Implementation" included in Management's Discussion and Analysis of Financial Condition and Results of Operations in Item 7 of this Form 10-K.

• Reworded. Such events could affect the stability of our deposit base, impair the ability of borrowers to repay outstanding loans, impair the value of collateral securing loans, cause significant property damage, result in lost revenue or cause us to incur additional expenses.
  Earlier wording

  Such events could affect the stability of our deposit base, impair the ability of borrowers to repay outstanding loans, impair the value of collateral securing loans, cause significant property damage, result in lost revenue or cause us to incur additional expenses. ‎ It em 1B.

• Reworded. Regardless of the level of credit risk, all investment securities are subject to changes in market value due to changing interest rates, implied credit spreads and credit ratings.
  Earlier wording

  Regardless of the level of credit risk, all investment securities are subject to changes in market value due to changing interest rates, implied credit spreads and credit ratings. ‎ We are at risk of increased losses from fraud.

• Reworded. As of December 31, 2025, the Holding Company had a total of $522,000 of cash at the Holding Company level.
  Earlier wording

  As of December 31, 2024, the Holding Company had a total of $1.0 million of cash at the Holding Company level.

• Removed. Failure to adapt to or comply with regulatory requirements or investor or stakeholder expectations and standards could negatively impact our reputation, ability to do business with certain partners, access to capital, and the price of our common shares.
• Removed. Investor advocacy groups, investment funds, and influential investors are also increasingly focused on these practices, especially as they relate to the environment, health and safety, diversity, labor conditions, and human rights.
• Removed. Financial institutions are facing increasing scrutiny from customers, regulators, investors, and other stakeholders related to their environmental, social, and governance ("ESG") practices and disclosure.
• Removed. Increased ESG-related compliance costs for the Company as well as among our suppliers, vendors and various other parties within our supply chain could result in increases to our overall operational costs.