Other Borrowings

6 Months Ended

Jun. 30, 2013

Other Borrowings [Abstract]

OTHER BORROWINGS

NOTE 7 - OTHER BORROWINGS

There were no outstanding borrowings with the Federal Reserve Bank (the FRB) at June 30, 2013 or at December 31, 2012. 

Assets pledged as collateral with the FRB were as follows:

	June 30, 2013		December 31, 2012
Commercial Loans		12,887		9,352
Commercial Real Estate Loans		20,187		16,700
Total	$	33,074	$	26,052

Based on the collateral pledged, CFBank was eligible to borrow up to $21,988 from the FRB at June 30, 2013. 

CFBank had a $1.0 million line of credit with a commercial bank at both June 30, 2013 and December 31, 2012. There were no outstanding borrowings on this line of credit at June 30, 2013 and December 31, 2012.  Interest on this line accrues daily and is variable based on the commercial bank’s cost of funds and current market returns.