Central Federal Bancshares (CFDB) 10-Q 14 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Oct. 31, 2017
Document And Entity Information
Entity Registrant Name	Central Federal Bancshares, Inc
Entity Central Index Key	1,651,987
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,682,620
Trading Symbol	CFDB
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2,017

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Sep. 30, 2017	Dec. 31, 2016
ASSETS
Cash and Due from Financial Institutions	$ 1,695,000	$ 12,099,000
Federal Funds Sold	100,000	100,000
Cash and Cash Equivalents	1,795,000	12,199,000
Certificates of Deposit in Other Financial Institutions	6,939,000	4,712,000
Securities Available-for-Sale at Fair Value	6,500,000	6,581,000
Federal Home Loan Bank (FHLB) Stock, at Cost	89,000	97,000
Loans, Net of Allowance for Loan Losses of $264,000 and $263,000 at September 30, 2017 and December 31, 2016	52,337,000	49,248,000
Foreclosed Assets		26,000
Premises and Equipment, Net	717,000	634,000
Accrued Interest Receivable	166,000	160,000
Other Assets	292,000	346,000
Total Assets	68,835,000	74,003,000
Deposits:
Noninterest-Bearing	3,208,000	3,474,000
Interest-Bearing	38,722,000	42,749,000
Total Deposits	41,930,000	46,223,000
Other Liabilities	70,000	27,000
Total Liabilities	42,000,000	46,250,000
STOCKHOLDERS’ EQUITY
Preferred Stock, $0.01 par value; 1,000,000 shares authorized; none issued and outstanding
Common Stock, $0.01 par value; 10,000,000 shares authorized; 1,788,020 issued at September 30, 2017 and December 31, 2016	18,000	18,000
Additional Paid-In Capital	16,459,000	16,446,000
Treasury Stock, at cost; 74,000 shares	(993,000)
Common Stock Acquired by Employee Stock Ownership Plan (“ESOP”)	(1,330,000)	(1,373,000)
Retained Earnings - Substantially Restricted	12,751,000	12,767,000
Accumulated Other Comprehensive Income (Loss)	(70,000)	(105,000)
Total Stockholders' Equity	26,835,000	27,753,000
Total Liabilities and Stockholders' Equity	$ 68,835,000	$ 74,003,000

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowance for Loan Losses	$ 264,000	$ 263,000
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	10,000,000	10,000,000
Common stock, shares issued	1,788,020	1,788,020
Common stock, shares outstanding	1,788,020	1,788,020
Treasury stock shares	74,000	74,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
INTEREST INCOME
Loans, Including Fees	$ 554,000	$ 568,000	$ 1,663,000	$ 1,675,000
Securities and Other	67,000	58,000	207,000	173,000
Total Interest Income	621,000	626,000	1,870,000	1,848,000
INTEREST EXPENSE
Deposits	68,000	87,000	221,000	273,000
Total Interest Expense	68,000	87,000	221,000	273,000
NET INTEREST INCOME	553,000	539,000	1,649,000	1,575,000
PROVISION FOR LOAN LOSSES
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	553,000	539,000	1,649,000	1,575,000
NONINTEREST INCOME
Customer Service Fees	20,000	22,000	58,000	59,000
Other Income	2,000	7,000	14,000	15,000
Total Noninterest Income	22,000	29,000	72,000	74,000
NONINTEREST EXPENSE
Compensation and Employee Benefits	324,000	271,000	963,000	810,000
Data Processing and Other Outside Services	92,000	85,000	262,000	241,000
FDIC Insurance and Regulatory Assessment	14,000	13,000	42,000	53,000
Occupancy and Equipment	50,000	50,000	139,000	138,000
Legal and Professional Services	34,000	94,000	269,000	409,000
Supplies, Telephone, and Postage	11,000	13,000	37,000	36,000
Operations of Foreclosed Assets, net		49,000	(16,000)	41,000
Contribution to Charitable Foundation				788,000
Other	28,000	25,000	82,000	78,000
Total Noninterest Expense	553,000	600,000	1,778,000	2,594,000
INCOME (LOSS) BEFORE INCOME TAXES	22,000	(32,000)	(57,000)	(945,000)
INCOME TAX BENEFIT	(9,000)	(8,000)	(41,000)	(52,000)
NET INCOME (LOSS)	$ 31,000	$ (24,000)	$ (16,000)	$ (885,000)
Common share data
Basic and diluted loss per share	$ 0.02	$ (0.01)	$ (0.01)	$ (0.56)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
NET INCOME (LOSS)	$ 31,000	$ (24,000)	$ (16,000)	$ (885,000)
Other Comprehensive Income:
Unrealized Gains on Securities Available-for-Sale	36,000	12,000	50,000	20,000
Income Tax Expense	(11,000)	(3,000)	(15,000)	(7,000)
Total Other Comprehensive Income, net of tax	25,000	9,000	35,000	13,000
TOTAL COMPREHENSIVE INCOME (LOSS)	$ 56,000	$ (15,000)	$ 19,000	$ (872,000)

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]		Common Stock Acquired by Employee Stock Ownership Plan ("ESOP") [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Total
Balance at Dec. 31, 2015					$ 13,640,000		$ 10,000	$ 13,650,000
Balance, shares at Dec. 31, 2015
Net income (loss)					(885,000)			(885,000)
Other comprehensive loss							13,000	13,000
Issuance of 1,788,020 shares of common stock at $10.00 per share, net of offering costs	18,000	16,437,000						16,455,000
Funding of ESOP with 143,042 shares of common stock				(1,430,000)				(1,430,000)
Earned ESOP shares		3,000		42,000				45,000
Treasury Stock Purchased, 74,000 shares
Balance at Sep. 30, 2016	$ 18,000	16,440,000		(1,388,000)	12,755,000		23,000	27,848,000
Balance, shares at Sep. 30, 2016
Balance at Dec. 31, 2016	$ 18,000	16,446,000		(1,373,000)	12,767,000		(105,000)	27,753,000
Balance, shares at Dec. 31, 2016
Net income (loss)					(16,000)			(16,000)
Other comprehensive loss							35,000	35,000
Earned ESOP shares		13,000	[1]	43,000				56,000
Treasury Stock Purchased, 74,000 shares						(993,000)		(993,000)
Balance at Sep. 30, 2017	$ 18,000	$ 16,459,000		$ (1,330,000)	$ 12,751,000	$ (993,000)	$ (70,000)	$ 26,835,000
Balance, shares at Sep. 30, 2017
[1]	Agreed to stock price less par times shares released through 9/30

Consolidated Statements of Sto7

Consolidated Statements of Stockholders' Equity (Parenthetical)	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Statement of Stockholders' Equity [Abstract]
Issuance of common stock	1,788,020
Common stock per shares | $ / shares	$ 10
Funding of ESOP of common stock	143,042
Treasury stock shares	74,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (16,000)	$ (885,000)
Adjustments to Reconcile Net Loss to Net Cash Provided by Operating Activities:
Net Amortization of Securities	41,000	33,000
Provision for Loan Losses
Depreciation	47,000	52,000
Deferred Income Tax	16,000	(9,000)
Loss (Gain) on Sale of Foreclosed Assets	(22,000)	14,000
ESOP Expense	56,000	45,000
Net Changes in:
Accrued Interest Receivable	(6,000)	(39,000)
Other Assets	23,000	1,246,000
Other Liabilities	43,000	(544,000)
Net Cash Provided by (Used In) Operating Activities	182,000	(87,000)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of Certificates of Deposit in Other Financial Institutions	(2,971,000)	(1,488,000)
Proceeds from Maturities of Certificates of Deposit in Other Financial Instiutions	744,000
Net Change in FHLB Stock	8,000	(20,000)
Purchase of Securities Available-for-Sale	(777,000)	(7,259,000)
Proceeds from Maturities, Calls and Paydowns  of Securities Available for Sale	867,000	565,000
Net Decrease (Increase) in Loans	(3,171,000)	712,000
Purchases of Premises and Equipment	(130,000)	(6,000)
Proceeds from Sale of Foreclosed Assets, Net	130,000	359,000
Net Cash (Used In) Investing Activities	(5,300,000)	(7,137,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Decrease in Deposits	(4,293,000)	(20,200,000)
Purchase of Treasury Stock	(993,000)
Proceeds from Issuance of Common Stock		15,025,000
Net Cash (Used In) Financing Activities	(5,286,000)	(5,175,000)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(10,404,000)	(12,399,000)
Cash and Cash Equivalents at Beginning of Period	12,199,000	25,010,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD	1,795,000	12,611,000
SUPPLEMENTAL CASH FLOW DISCLOSURE
Interest Paid on Deposits	215,000	267,000
Income Taxes Paid, Net of Refunds Received	(41,000)	(11,000)
Noncash Investing Activities:
Transfer of Loans to Foreclosed Assets
Transfer of Foreclosed Assets to Loans	$ 82,000	$ 209,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations Central Federal Bancshares, Inc. (“Central Federal Bancshares” or the “Company”) is a holding company that owns 100% of Central Federal Savings and Loan Association of Rolla (“Central Federal”). Central Federal is a community-oriented financial institution, dedicated to serving the financial service needs of customers within its market area, which generally consists of Phelps County, Missouri, although it also services customers in the contiguous Missouri counties of Dent, Texas, Crawford, Pulaski and Maries. Central Federal offers a variety of loan and deposit products to meet the borrowing needs of its customers. Central Federal operates out of its office in Rolla, Missouri. Central Federal is subject to regulation, examination, and supervision by the Office of the Comptroller of the Currency, or OCC, its primary federal regulator, and the Federal Deposit Insurance Corporation, or FDIC, its deposit insurer. Stock Conversion On August 4, 2015, the Board of Directors of Central Federal adopted a Plan of Conversion, as subsequently amended, providing for Central Federal to convert from a federally chartered mutual savings association into a federally chartered stock savings association and operate as a wholly-owned subsidiary of a newly chartered savings and loan holding company. On January 12, 2016, Central Federal completed the conversion and now operates as a wholly-owned subsidiary of the Company. In connection with the conversion, the Company sold 1,719,250 shares of common stock in a subscription offering at $10.00 per share, including the sale of 143,042 shares to the Central Federal Savings and Loan Association Employee Stock Ownership Plan (the “ESOP”) which was established by Central Federal in connection with the conversion. In addition, the Company contributed an additional 68,770 shares of common stock, and $100,000 in cash, to the Central Federal Community Foundation, a charitable organization created by the Company and Central Federal in connection with the conversion and the related stock offering. The cost of the conversion and issuance of common stock was deferred and deducted from the proceeds of the offering. Central Federal incurred conversion costs of $1,425,000. In accordance with applicable federal conversion regulations, at the time of the completion of the conversion, Central Federal established a liquidation account in an amount equal to Central Federal’s total retained earnings as of the latest balance sheet date in the final prospectus used in the conversion (which was June 30, 2015). Each eligible account holder or supplemental account holder is entitled to a proportionate share of this liquidation account in the event of a complete liquidation of Central Federal, and only in such event. This share will be reduced if the eligible account holder’s or supplemental account holder’s deposit balance falls below the amounts on the date of record as of any December 31 and will cease to exist if the account is closed. The liquidation account will never be increased despite any increase after conversion in the related deposit balance. Central Federal may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount. Principles of Consolidation On January 12, 2016, Central Federal completed its conversion from the mutual to stock form of ownership and now operates as a wholly-owned subsidiary of the Company. The conversion was accounted for as a change in corporate form with the historic base of Central Federal’s assets, liabilities and equity unchanged as a result. The unaudited consolidated financial statements as of September 30, 2017 and for the three and nine months ended September 30, 2017 and 2016 are for the Company and Central Federal. Intercompany transactions and balances have been eliminated in the consolidation. Unaudited Interim Consolidated Financial Statements The interim consolidated financial statements prepared by management as of September 30, 2017 and for the three and nine months ended September 30, 2017 and 2016 contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position at September 30, 2017, and the results of operations and cash flows for the periods ended September 30, 2017 and 2016, and are not necessarily indicative of the results to be expected for the full year. These consolidated financial statements should be read in conjunction with the consolidated financial statements of Central Federal Bancshares or Company for the year ended December 31, 2016, contained in the 2016 Annual Report on Form 10-K filed with the SEC on March 24, 2017. Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses, valuation of foreclosed assets, valuation of deferred tax assets, and fair values of financial instruments. New Accounting Standards In January 2016, the FASB issued ASU 2016-01,“Recognition and Measurement of Financial Assets and Financial Liabilities,” an amendment to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. This amendment supersedes the guidance to classify equity securities with readily determinable fair values into different categories, requires equity securities to be measured at fair value with changes in the fair value recognized through net income, and simplifies the impairment assessment of equity investments without readily determinable fair values. The amendment requires public business entities that are required to disclose the fair value of financial instruments measured at amortized cost on the balance sheet to measure that fair value using the exit price notion. The amendment requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option. The amendment requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes to the financial statements. The amendment reduces diversity in current practice by clarifying that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available for sale securities in combination with the entity’s other deferred tax assets. This amendment is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Entities should apply the amendment by means of a cumulative-effect adjustment as of the beginning of the fiscal year of adoption, with the exception of the amendment related to equity securities without readily determinable fair values, which should be applied prospectively to equity investments that exist as of the date of adoption. The Company intends to adopt the accounting standard during the first quarter of 2018, as required, and is currently evaluating the impact of implementation. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Additionally, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. For the Company, this update will be effective for interim and annual periods beginning after December 15, 2019. The Company has not yet determined the impact the adoption of ASU 2016-13 will have on the consolidated financial statements. In March 2017, the FASB issued ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic) 310-20): Premium Amortization of Purchased Callable Debt Securities. Reclassification Certain amounts in the 2016 consolidated financial statements have been reclassified to conform to the 2017 presentation. Subsequent Events In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the consolidated financial statements were available to be issued.

Income (Loss) Per Share

Income (Loss) Per Share	9 Months Ended
	Sep. 30, 2017
Common share data
Income (Loss) Per Share	note 2 INCOME (LOSS) per share Income (loss) per share is based upon the weighted-average shares outstanding. The shares outstanding were issued on January 12, 2016. Any shares in the ESOP, that have been committed-to-be-released, are considered outstanding. Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 (Unaudited) Basic and Diluted Income (Loss) per Share: Net Income (Loss) $ 31,000 $ (24,000 ) $ (16,000 ) $ (885,000 ) Less: Dividends Paid on Common Stock - - - - Undistributed Income (Loss) $ 31,000 $ (24,000 ) $ (16,000 ) $ (885,000 ) Weighted-Average Basic and Diluted Shares Outstanding 1,602,410 1,647,123 1,630,348 1,574,331 Distributed Income (Loss) per Share Undistributed Income (Loss) per Share 0.02 (0.01 ) (0.01 ) (0.56 ) Net Income (Loss) per Share $ 0.02 $ (0.01 ) $ (0.01 ) $ (0.56 )

Certificates of Deposit in Othe

Certificates of Deposit in Other Financial Institutions	9 Months Ended
	Sep. 30, 2017
Deposits:
Certificates of Deposit in Other Financial Institutions	note 3 Certificates of DEPOSIT IN OTHER FINANCIAL INSTITUTIONS Certificates of deposit in other financial institutions are as follows: September 30, 2017 December 31, 2016 (Unaudited) Certificates of Deposit at Cost Maturing In: Less than One Year $ 3,721,000 $ 1,488,000 One Year to Five Years 3,218,000 3,224,000 $ 6,939,000 $ 4,712,000

Securities

Securities	9 Months Ended
	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Securities	note 4 sECURITIES The amortized cost and estimated fair value of investment securities classified as available-for-sale are summarized as follows: September 30, 2017 (Unaudited) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage Backed Securities $ 5,246,000 $ - $ (85,000 ) $ 5,161,000 Small Business Administration (“SBA”) Pools 916,000 - (27,000 ) 889,000 Muncipal Obligation 406,000 4,000 - 410,000 Federal Home Loan Mortgage Corp. Stock 15,000 25,000 - 40,000 Total $ 6,583,000 $ 29,000 $ (112,000 ) $ 6,500,000 December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage Backed Securities $ 5,321,000 $ - $ (139,000 ) $ 5,182,000 Small Business Administration (“SBA”) Pools 988,000 - (34,000 ) 954,000 Muncipal Obligation 407,000 - (4,000 ) 403,000 Federal Home Loan Mortgage Corp. Stock 15,000 27,000 - 42,000 Total $ 6,731,000 $ 27,000 $ (177,000 ) $ 6,581,000 The following table indicates amortized cost and the estimated fair value of securities available-for-sale as of September 30, 2017 based upon contractual maturity. Amortized Cost Fair Value (Unaudited) Over Ten Years $ 406,000 $ 410,000 Mortgage Backed Securities and SBA Pools 6,162,000 6,050,000 No Stated Maturity Date 15,000 40,000 Total $ 6,583,000 $ 6,500,000 There were no securities pledged as collateral at September 30, 2017 and December 31, 2016. During the nine-month period ended September 30, 2017 and 2016, the Company did not sell any securities. The following tables show securities with gross unrealized losses at September 30, 2017 and December 31, 2016 aggregated by investment category and length of time that individual securities have been in a continuous loss position. September 30, 2017 (Unaudited) Less Than 12 Months 12 Months or More Total Gross Gross Gross Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses Mortgage Backed Securities $ 3,776,000 $ (64,000 ) $ 1,385,000 $ (21,000 ) $ 5,161,000 $ (85,000 ) Small Business Administration Pools 889,000 (27,000 ) - - 889,000 (27,000 ) Muncipal Obligation - - - - - - Total $ 4,665,000 $ (91,000 ) $ 1,385,000 $ (21,000 ) $ 6,050,000 $ (112,000 ) December 31, 2016 Less Than 12 Months 12 Months or More Total Gross Gross Gross Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses Mortgage Backed Securities $ - $ - $ 5,182,000 $ (139,000 ) $ 5,182,000 $ (139,000 ) Small Business Administration Pools - - 954,000 (34,000 ) 954,000 (34,000 ) Muncipal Obligation - - 403,000 (4,000 ) 403,000 (4,000 ) Total $ - $ - $ 6,539,000 $ (177,000 ) $ 6,539,000 $ (177,000 ) There were no securities with unrealized losses which management believes were other-than-temporarily impaired, at September 30, 2017 and December 31, 2016.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Loans and Allowance for Loan Losses	note 5 LOANS AND ALLOWANCE FOR LOAN LOSSES Loans are summarized as follows: September 30, December 31, 2017 2016 (Unaudited) Commercial Business $ 1,292,000 $ 1,543,000 Commercial and Multi-Family Real Estate 16,522,000 14,428,000 Residential Real Estate 34,090,000 32,999,000 Consumer and Other 711,000 558,000 52,615,000 49,528,000 Allowance for Loan Losses (264,000 ) (263,000 ) Net Deferred Loan Fees (14,000 ) (17,000 ) Loans, Net $ 52,337,000 $ 49,248,000 Residential real estate loans at September 30, 2017 and December 31, 2016 include loans secured by one- to four-family, non-owner occupied properties of $9,848,000 and $9,493,000, respectively. At September 30, 2017 and December 31, 2016, construction loans were $1,494,000 and $2,736,000, respectively. Loans in process at September 30, 2017 and December 31, 2016 were $140,000 and $2,299,000, respectively. The Company maintains a separate general allowance for each portfolio segment. These portfolio segments include commercial business, commercial and multi-family real estate, residential real estate, and consumer and other with risk characteristics described as follows: Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Although management believes the allowance for loan losses to be adequate, ultimate losses may vary from management’s estimates. At least quarterly, the board of directors reviews the adequacy of the allowance, including consideration of the relevant risks in the portfolio, current economic conditions, and other factors. If the board of directors and management determine that changes are warranted based on those reviews, the allowance is adjusted. Central Federal is subject to periodic examination by its primary regulator, which may require additions to the allowance based on judgments regarding loan portfolio information available at the time of its examinations. The following table presents, by portfolio segment, the activity in the allowance for loan losses for the three and nine months ended September 30, 2017. Also presented is the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of September 30, 2017. September 30, 2017 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Allowance for Loan Losses: Balance July 1, 2017 $ 3,000 $ 38,000 $ 192,000 $ 3,000 $ 28,000 $ 264,000 Provision for Loan Losses (1,000 ) - 19,000 1,000 (19,000 ) - Loans Charged-Off - - - (1,000 ) - (1,000 ) Recoveries of Loans Previously Charged-Off - - 1,000 - - 1,000 Balance September 30, 2017 $ 2,000 $ 38,000 $ 212,000 $ 3,000 $ 9,000 $ 264,000 Balance January 1, 2017 $ 3,000 $ 37,000 $ 181,000 $ 3,000 $ 39,000 $ 263,000 Provision for Loan Losses (1,000 ) 1,000 28,000 2,000 (30,000 ) - Loans Charged-Off - - - (2,000 ) - (2,000 ) Recoveries of Loans Previously Charged-Off - - 3,000 - - 3,000 Balance September 30, 2017 $ 2,000 $ 38,000 $ 212,000 $ 3,000 $ 9,000 $ 264,000 Ending Balance: Individually Evaluated for Impairment $ - $ - $ - $ - $ - $ - Ending Balance: Collectively Evaluated for Impairment $ 2,000 $ 38,000 $ 212,000 $ 3,000 $ 9,000 $ 264,000 Loans: Ending Balance: Individually Evaluated for Impairment $ - $ - $ 30,000 $ - $ - Ending Balance: Collectively Evaluated for Impairment $ 1,292,000 $ 16,522,000 $ 34,060,000 $ 711,000 $ 52,615,000 The following table presents, by portfolio segment, the activity in the allowance for loan losses for the three and nine months ended September 30, 2016: September 30, 2016 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Allowance for Loan Losses: Balance July 1, 2016 $ 3,000 $ 36,000 $ 192,000 $ 9,000 $ 21,000 $ 261,000 Provision for Loan Losses - 5,000 4,000 - (9,000 ) - Loans Charged-Off - - - - - - Recoveries of Loans Previously Charged-Off - - 1,000 - - 1,000 Balance September 30, 2016 $ 3,000 $ 41,000 $ 197,000 $ 9,000 $ 12,000 $ 262,000 Balance January 1, 2016 $ 5,000 $ 30,000 $ 183,000 $ 4,000 $ 39,000 $ 261,000 Provision for Loan Losses (2,000 ) 11,000 12,000 6,000 (27,000 ) - Loans Charged-Off - - - (1,000 ) - (1,000 ) Recoveries of Loans Previously Charged-Off - - 2,000 - - 2,000 Balance September 30, 2016 $ 3,000 $ 41,000 $ 197,000 $ 9,000 $ 12,000 $ 262,000 The following table presents the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method at December 31, 2016. December 31, 2016 Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Ending Balance: Individually Evaluated for Impairment $ - $ - $ - $ - $ - $ - Ending Balance: Collectively Evaluated for Impairment $ 3,000 $ 37,000 $ 181,000 $ 3,000 $ 39,000 $ 263,000 Loans: Ending Balance: Individually Evaluated for Impairment $ - $ - $ 199,000 $ - $ 199,000 Ending Balance: Collectively Evaluated for Impairment $ 1,543,000 $ 14,428,000 $ 32,800,000 $ 558,000 $ 49,329,000 The following tables show the loans allocated by management’s internal risk ratings: Risk Profile by Risk Rating September 30, 2017 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Total Risk Rating: Unclassified $ 1,167,000 $ 16,522,000 $ 33,117,000 $ 711,000 $ 51,517,000 Special Mention 125,000 - 643,000 - 768,000 Substandard - - 330,000 - 330,000 Total $ 1,292,000 $ 16,522,000 $ 34,090,000 $ 711,000 $ 52,615,000 Risk Profile by Risk Rating December 31, 2016 Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Total Risk Rating: Unclassified $ 1,540,000 $ 14,428,000 $ 32,269,000 $ 557,000 $ 48,794,000 Special Mention 3,000 - 118,000 - 121,000 Substandard - - 612,000 1,000 613,000 Total $ 1,543,000 $ 14,428,000 $ 32,999,000 $ 558,000 $ 49,528,000 The following tables show the aging analysis of the loan portfolio by time past due: Accruing Interest September 30, 2017 (Unaudited) Current 30-89 Days Past Due 90 Days or More Past Due Total Nonaccrual Toal Loans Commercial Business $ 1,292,000 $ - $ - $ - $ 1,292,000 Commerical and Multi-Family Real Estate 16,522,000 - - - 16,522,000 Residential Real Estate 33,334,000 726,000 - 30,000 34,090,000 Consumer and Other 711,000 - - 711,000 $ 51,859,000 $ 726,000 $ - $ 30,000 $ 52,615,000 Accruing Interest December 31, 2016 Current 30-89 Days Past Due 90 Days or More Past Due Total Nonaccrual Toal Loans Commercial Business $ 1,543,000 $ - $ - $ - $ 1,543,000 Commerical and Multi-Family Real Estate 14,428,000 - - - 14,428,000 Residential Real Estate 32,650,000 150,000 - 199,000 32,999,000 Consumer and Other 556,000 2,000 - - 558,000 $ 49,177,000 $ 152,000 $ - $ 199,000 $ 49,528,000 Interest income that would have been recorded for the nine months ended September 30, 2017 and 2016 had nonaccrual loans been current according to their original terms amounted to $2,000 and $19,000, respectively. Interest income recognized on nonaccrual loans during the nine months ended September 30, 2017 and 2016 amounted to $1,000 and $3,000 respectively. The following tables present information related to impaired loans: September 30, 2017 (Unaudited) Recorded Investment Unpaid Principal Balance Related Allowance Loans With No Related Allowance Recorded: Commercial and Multi-Family Real Estate $ - $ - $ - Residential Real Estate 30,000 32,000 - Total Loans With No Related Allowance Recorded $ 30,000 $ 32,000 $ - Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - Total Impaired Loans: Commercial and Multi-Family Real Estate $ - $ - $ - Residential Real Estate 30,000 32,000 - Total $ 30,000 $ 32,000 $ - December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Loans With No Related Allowance Recorded: Commercial and Multi-Family Real Estate $ - $ - $ - Residential Real Estate 199,000 202,000 - Total Loans With No Related Allowance Recorded $ 199,000 $ 202,000 $ - Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - Total Impaired Loans: Commercial and Multi-Family Real Estate $ - $ - $ - Residential Real Estate 199,000 202,000 - Total $ 199,000 $ 202,000 $ - Three Months Ended Nine Months Ended September 30, 2017 (Unaudited) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans With No Related Allowance Recorded: Commercial and Multi-Family Real Estate $ - $ - $ - $ - Residential Real Estate 31,000 - 94,000 1,000 Total Loans With No Related Allowance Recorded $ 31,000 $ - $ 94,000 $ 1,000 Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - $ - Total Impaired Loans: Commercial and Multi-Family Real Estate $ - $ - $ - $ - Residential Real Estate 31,000 - 94,000 1,000 Total $ 31,000 $ - $ 94,000 $ 1,000 September 30, 2016 (Unaudited) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans With No Related Allowance Recorded: Commercial and Multi-Family Real Estate $ 206,000 $ - $ 313,000 $ 3,000 Residential Real Estate 88,000 - 89,000 - Total Loans With No Related Allowance Recorded $ 294,000 $ - $ 402,000 $ 3,000 Loans With an Allowance Recorded: Residential Real Estate $ 274,000 $ - $ 277,000 $ - Total Impaired Loans: Commercial and Multi-Family Real Estate $ 206,000 $ - $ 313,000 $ 3,000 Residential Real Estate 362,000 - 366,000 - Total $ 568,000 $ - $ 679,000 $ 3,000 The Company does not have material commitments to lend additional funds to borrowers with loans whose terms have been modified in troubled debt restructurings (TDRs) or whose loans are on nonaccrual. There were no loans modified in TDRs for the nine months ended September 30, 2017 and 2016.

Foreclosed Assets

Foreclosed Assets	9 Months Ended
	Sep. 30, 2017
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Foreclosed Assets	Note 6 foreclosed assets Activity in foreclosed assets is as follows: Nine Months Ended September 30, 2017 2016 (Unaudited) Balance Beginning of Period $ 26,000 $ 608,000 Additions 82,000 - Loans ro Facilitate Sale - (209,000 ) Proceeds from Sale, Net (130,000 ) (359,000 ) Gain (Loss) on Sale 22,000 (14,000 ) Balance at End of Period $ - $ 26,000

Financial Instruments With Off-

Financial Instruments With Off-Balance Sheet Risk	9 Months Ended
	Sep. 30, 2017
Risks and Uncertainties [Abstract]
Financial Instruments With Off-Balance Sheet Risk	note 7 FINANCIAL INSTRUMENTS WITH OFF-BALANCE SHEET RISK In the normal course of business, the Company has outstanding commitments and contingent liabilities, such as commitments to extend credit and standby letters of credit, which are not included in the accompanying consolidated financial statements. Central Federal’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and standby letters of credit is represented by the contractual or notional amount of those instruments. The Company uses the same credit policies in making such commitments as it does for instruments that are included in the consolidated statements of financial condition. The following financial instruments whose contract amount represents credit risk were approximately as follows: September 30, 2017 December 31, 2016 (Unaudited) Commitments to Extend Credit $ 2,811,000 $ 2,760,000 Standby Letters of Credit - - Total $ 2,811,000 $ 2,760,000 Commitments to extend credit are agreements to lend to a customer as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Since many of the commitments are expected to expire without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Company evaluates each customer’s creditworthiness on a case by case basis. The amount of collateral obtained, if deemed necessary by the Company upon extension of credit, is based on management’s credit evaluation. Collateral held varies but may include accounts receivable, inventory, property and equipment, and income producing commercial properties. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a customer to a third party. Standby letters of credit generally have fixed expiration dates or other termination clauses and may require payment of a fee. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company’s policy for obtaining collateral, and the nature of such collateral, is essentially the same as that involved in making commitments to extend credit. Central Federal was not required to perform on any financial guarantees and did not incur any losses on its commitments for the nine months ended September 30, 2017.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	note 8 income taxes In connection with the offering of common stock in 2016, the Company contributed to the Central Federal Community Foundation $100,000 in cash and common stock with a fair value of $687,700 (68,770 shares at the $10.00 offering price) for a total contribution of $787,700. For federal income tax purposes, the deduction for charitable contributions is limited to a maximum of 10% of taxable income before charitable contributions, net operating losses and dividends received deductions. The Company is permitted, under the Internal Revenue Code, to carry the excess contribution over the five-year period following the contribution to the charitable foundation, subject to the 10% annual limitation. The Company did not have sufficient taxable income to be able to fully deduct the contribution in the year in which it was made, and may not have sufficient taxable income to fully deduct the contribution during the five-year carryover period permitted under the Internal Revenue Code. The Company estimated it will not be able to fully utilize the carryover and established a valuation allowance related to the entire deferred tax asset related to the contribution as it is not deemed to be realizable.

Stockholders' Equity and Regula

Stockholders' Equity and Regulatory Matters	9 Months Ended
	Sep. 30, 2017
Regulated Operations [Abstract]
Stockholders' Equity and Regulatory Matters	note 9 stockholders’ equity and REGULATORY MATTERS Central Federal is subject to various regulatory capital requirements administered by the federal and state banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s consolidated financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, Central Federal must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Prompt corrective action provisions are not generally applicable to savings and loan holding companies. As of September 30, 2017, the most recent notification from the banking regulators categorized Central Federal as “well capitalized” under the regulatory framework for prompt corrective action. To be categorized as well capitalized, Central Federal must maintain minimum total risk-based, Tier 1 risk-based, common equity Tier 1 risk-based, and Tier 1 leverage ratios as set forth in the following table. There are no conditions or events since the notification that management believes have changed Central Federal’s category. Quantitative measures established by regulation to ensure capital adequacy require Central Federal to maintain the minimum amounts and ratios set forth in the following table. Management believes, as of September 30, 2017 and December 31, 2016, that Central Federal met all its capital adequacy requirements. Applicable capital adequacy requirements and Central Federal’s capital amounts and ratios are presented in the following table. Actual Minimum Capital Requirement Minimum to be Well Capitalized Amount Ratio Amount Ratio Amount Ratio September 30, 2017 (Unaudited) Total Capital to Risk Weighted Assets $ 20,783,000 51.3 % 3,242,000 8.0 % 4,053,000 10.0 % Tier 1 Capital to Risk Weighted Assets 20,506,000 50.6 % 2,432,000 6.0 % 3,242,000 8.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 20,506,000 50.6 % 1,824,000 4.5 % 2,634,000 6.5 % Tier 1 Capital to Average Assets 20,506,000 28.8 % 2,849,000 4.0 % 3,561,000 5.0 % December 31, 2016 Total Capital to Risk Weighted Assets $ 20,630,000 53.5 % $ 3,082,000 8.0 % $ 3,853,000 10.0 % Tier 1 Capital to Risk Weighted Assets 20,367,000 52.9 % 2,312,000 6.0 % 3,082,000 8.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 20,367,000 52.9 % 1,734,000 4.5 % 2,504,000 6.5 % Tier 1 Capital to Average Assets 20,367,000 27.0 % 3,014,000 4.0 % 3,767,000 5.0 % The Basel III Capital Rules establish a “capital conservation buffer” of 2.5% above the risk-based capital ratios, shown in the table above, which is being phased in at 0.625% of risk-weighted assets each year beginning in January 2016. On April 5, 2017, the Company announced that its Board of Directors adopted a stock repurchase program, under which the Company is authorized to repurchase of up to 178,802 shares of its common stock, or approximately 10% of the current outstanding shares. As of September 30, 2017, the Company had repurchased 74,000 shares.

Employee Stock Ownership Plan (

Employee Stock Ownership Plan (“ESOP”)	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [Abstract]
Employee Stock Ownership Plan (“ESOP”)	NOTE 10 EMPLOYEE STOCK OWNERSHIP PLAN (“esop”) On January 12, 2016, the Company announced Central Federal’s establishment of the ESOP, a non-contributory pension benefit plan for its employees. All employees of Central Federal meeting certain tenure requirements are entitled to participate in the ESOP. The ESOP was originally established with Central Federal’s purchase of 143,042 shares of common stock, which was purchased using a loan from the Company consisting of proceeds from the offering completed on January 12, 2016. Central Federal is making quarterly payments to the Company of principal and interest over a term of 100 quarters, and the unpaid principal has an annual interest rate of 3.50%. Dividends paid on unallocated stock will also be applied as a payment. The trustee of the ESOP holds unallocated shares purchased by the ESOP in a loan suspense account and will release the shares of common stock on a pro rata basis each quarter as payments are made. Released shares will be allocated among active participants on the basis of each active participant’s proportional share of compensation. Compensation expense related to the ESOP was $55,000 and $45,000 for the nine months ended September 30, 2017 and 2016, respectively. A summary of the shares held by the ESOP is as follows at September 30, 2017: At September 30, 2017 (unaudited) Allocated Shares 10,010 Committed-to-be-allocated Shares - Unallocated Shares 133,032 Total ESOP Shares 143,042 Fair value of unallocated shares $ 1,829,190

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value Measurements	NOTE 11 FAIR VALUE MEASUREMENTS The Company categorizes its assets and liabilities measured at fair value into a three-level hierarchy based on the priority of the inputs to the valuation technique used to determine fair value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used in the determination of the fair value measurement fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement. Assets and liabilities valued at fair value are categorized based on the inputs to the valuation techniques as follows: Level 1 Level 2 Level 3 Subsequent to initial recognition, the Company may remeasure the carrying value of assets and liabilities measured on a nonrecurring basis to fair value. Adjustments to fair value usually result when certain assets are impaired. Such assets are written down from their carrying amounts to their fair value. Recurring Basis The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The following tables present the balances of assets and liabilities measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total September 30, 2017 (Unaudited) Securities Available-for-Sale Mortgage Backed Securities $ - $ 5,161,000 $ - $ 5,161,000 Small Business Administration Pools - 889,000 - 889,000 Municipal Obligation - 410,000 - 410,000 Federal Home Loan Mortgage Corp. Stock 40,000 - - 40,000 $ 40,000 $ 6,460,000 $ - $ 6,500,000 December 31, 2016 Securities Available-for-Sale Mortgage Backed Securities $ - $ 5,182,000 $ - $ 5,182,000 Small Business Administration Pools - 954,000 - 954,000 Municipal Obligation - 403,000 - 403,000 Federal Home Loan Mortgage Corp. Stock 42,000 - - 42,000 $ 42,000 $ 6,539,000 $ - $ 6,581,000 The following is a description of the valuation methodologies used for instruments measured at fair value on a recurring basis, as well as the general classification of such instruments pursuant to the valuation hierarchy. Securities When available, the Company uses quoted market prices to determine the fair value of securities; such items are classified in Level 1 of the fair value hierarchy. For the Company’s securities for which quoted prices are not available for identical securities in an active market, the Company determines fair value utilizing vendors who apply matrix pricing for similar bonds for which no price is observable or may compile prices from various sources. Level 2 inputs consider observable data that may include dealer quotes, market spread, cash flows, treasury yield curve, trading levels, credit information and terms, amount other factors. Nonrecurring Basis Certain assets are measured at fair value on a nonrecurring basis. These assets are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment or a change in the amount of previously recognized impairment. Net impairment losses, including charge-offs or allocated losses related to nonrecurring fair value measurements of certain assets, for the periods ended September 30, 2017 and December 31, 2016 consisted of the following: Level 1 Level 2 Level 3 Impairment Losses September 30, 2017 (Unaudited) Impaired Loans $ - $ - $ - $ - December 31, 2016 Impaired Loans $ - $ - $ - $ - The significant inputs used in the fair value measurements for Level 3 assets measured at fair value on the nonrecurring basis are as follows as of June 30, 2017 and December 31, 2016: Valuation Unobservable Range Techniques Inputs (Average) Impaired Loans Evaluation of Estimation of NM* Collateral Value * Not Meaningful. Impaired Loans In accordance with the provisions of the loan impairment guidance, impairment was measured for loans with respect to which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, or discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. Impaired loans for which an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. Collateral values are estimated using Level 3 inputs based on customized discounting criteria. Impairment amounts on impaired loans represent specific valuation allowances and write-downs during the periods presented above on impaired loans that were individually evaluated for impairment based on the estimated fair value of the collateral less estimated selling costs, excluding impaired loans fully charged-off.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2017
Fair Value Of Financial Instruments [Abstract]
Fair Value of Financial Instruments	NOTE 12 fair value OF FINANCIAL INSTRUMENTS Disclosure of fair value information about financial instruments, for which it is practicable to estimate that value, is required whether or not recognized in the consolidated statements of financial condition. In cases in which quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimate of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases, could not be realized in immediate settlement of the instruments. Certain financial instruments with a fair value that is not practicable to estimate and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value amounts presented do not necessarily represent the underlying value of the Company. The following disclosures represent financial instruments in which the ending balances at September 30, 2017 and December 31, 2016 are not carried at fair value in their entirety on the consolidated statements of financial condition. Cash and Cash Equivalents and Accrued Interest The carrying amounts reported in the consolidated statements of financial condition approximate those assets’ and liabilities’ fair values. Accrued interest is primarily accrued interest from loans. Certificates of Deposit in Other Financial Institutions Fair values of certificates of deposit in other financial institutions are estimated using discounted cash flow analyses based on current rates for similar types of deposits. Federal Home Loan Bank Stock, at Cost The carrying amount of FHLB stock approximates its fair value based on the redemption provisions of the FHLB. Loans For variable-rate loans that reprice frequently and with no significant change in credit risk, fair values are based on carrying values. The fair values of other loans are estimated based on discounted cash flow analyses, using interest rates currently being offered for loans with similar terms to borrowers of similar credit quality. Deposits The fair values of demand deposits are, by definition, equal to the amount payable on demand at the balance sheet date. The fair values of fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies current incremental interest rates being offered on certificates of deposit to a schedule of aggregated expected monthly maturities of the outstanding certificates of deposit. Off-Balance-Sheet Credit-Related Instruments Off-balance-sheet credit-related instrument commitments are generally of a short-term nature. The contract amount of such commitments approximates their fair value since the commitments are comprised primarily of unfunded loan commitments which are generally priced at market at the time of funding. Fair Value of Financial Instruments The estimated fair values, and related carrying or notional amounts, of the Company’s financial instruments are as follows: September 30, 2017 December 31, 2016 (Unaudited) Carrying Fair Carrying Fair Input Amount Value Amount Value Level Financial Assets: Cash and Cash Equivalents $ 1,795,000 $ 1,795,000 $ 12,199,000 $ 12,199,000 1 Certificates of Deposit in Other Financial Institutions 6,939,000 6,939,000 4,712,000 4,712,000 2 Securities Available-For-Sale: Mortgage Backed Securities 5,161,000 5,161,000 5,182,000 5,182,000 2 Small Business Administration Pools 889,000 889,000 954,000 954,000 2 Municipal Obligation 410,000 410,000 403,000 403,000 2 FHLMC Stock 40,000 40,000 42,000 42,000 1 FHLB Stock 89,000 89,000 97,000 97,000 2 Loans, net 52,337,000 52,347,000 49,248,000 49,235,000 3 Accrued Interest Receivable 166,000 166,000 160,000 160,000 2 Financial Liabilities: Deposits 41,930,000 41,780,000 46,223,000 46,156,000 3 Accrued Interest Payable $ 6,000 $ 6,000 1,000 1,000 2

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Central Federal Bancshares, Inc. (“Central Federal Bancshares” or the “Company”) is a holding company that owns 100% of Central Federal Savings and Loan Association of Rolla (“Central Federal”). Central Federal is a community-oriented financial institution, dedicated to serving the financial service needs of customers within its market area, which generally consists of Phelps County, Missouri, although it also services customers in the contiguous Missouri counties of Dent, Texas, Crawford, Pulaski and Maries. Central Federal offers a variety of loan and deposit products to meet the borrowing needs of its customers. Central Federal operates out of its office in Rolla, Missouri. Central Federal is subject to regulation, examination, and supervision by the Office of the Comptroller of the Currency, or OCC, its primary federal regulator, and the Federal Deposit Insurance Corporation, or FDIC, its deposit insurer.
Stock Conversion	Stock Conversion On August 4, 2015, the Board of Directors of Central Federal adopted a Plan of Conversion, as subsequently amended, providing for Central Federal to convert from a federally chartered mutual savings association into a federally chartered stock savings association and operate as a wholly-owned subsidiary of a newly chartered savings and loan holding company. On January 12, 2016, Central Federal completed the conversion and now operates as a wholly-owned subsidiary of the Company. In connection with the conversion, the Company sold 1,719,250 shares of common stock in a subscription offering at $10.00 per share, including the sale of 143,042 shares to the Central Federal Savings and Loan Association Employee Stock Ownership Plan (the “ESOP”) which was established by Central Federal in connection with the conversion. In addition, the Company contributed an additional 68,770 shares of common stock, and $100,000 in cash, to the Central Federal Community Foundation, a charitable organization created by the Company and Central Federal in connection with the conversion and the related stock offering. The cost of the conversion and issuance of common stock was deferred and deducted from the proceeds of the offering. Central Federal incurred conversion costs of $1,425,000. In accordance with applicable federal conversion regulations, at the time of the completion of the conversion, Central Federal established a liquidation account in an amount equal to Central Federal’s total retained earnings as of the latest balance sheet date in the final prospectus used in the conversion (which was June 30, 2015). Each eligible account holder or supplemental account holder is entitled to a proportionate share of this liquidation account in the event of a complete liquidation of Central Federal, and only in such event. This share will be reduced if the eligible account holder’s or supplemental account holder’s deposit balance falls below the amounts on the date of record as of any December 31 and will cease to exist if the account is closed. The liquidation account will never be increased despite any increase after conversion in the related deposit balance. Central Federal may not pay dividends if those dividends would reduce equity capital below the required liquidation account amount.
Principles of Consolidation	Principles of Consolidation On January 12, 2016, Central Federal completed its conversion from the mutual to stock form of ownership and now operates as a wholly-owned subsidiary of the Company. The conversion was accounted for as a change in corporate form with the historic base of Central Federal’s assets, liabilities and equity unchanged as a result. The unaudited consolidated financial statements as of September 30, 2017 and for the three and nine months ended September 30, 2017 and 2016 are for the Company and Central Federal. Intercompany transactions and balances have been eliminated in the consolidation.
Unaudited Interim Consolidated Financial Statements	Unaudited Interim Consolidated Financial Statements The interim consolidated financial statements prepared by management as of September 30, 2017 and for the three and nine months ended September 30, 2017 and 2016 contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position at September 30, 2017, and the results of operations and cash flows for the periods ended September 30, 2017 and 2016, and are not necessarily indicative of the results to be expected for the full year. These consolidated financial statements should be read in conjunction with the consolidated financial statements of Central Federal Bancshares or Company for the year ended December 31, 2016, contained in the 2016 Annual Report on Form 10-K filed with the SEC on March 24, 2017.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses, valuation of foreclosed assets, valuation of deferred tax assets, and fair values of financial instruments.
New Accounting Standards	New Accounting Standards In January 2016, the FASB issued ASU 2016-01,“Recognition and Measurement of Financial Assets and Financial Liabilities,” an amendment to address certain aspects of recognition, measurement, presentation, and disclosure of financial instruments. This amendment supersedes the guidance to classify equity securities with readily determinable fair values into different categories, requires equity securities to be measured at fair value with changes in the fair value recognized through net income, and simplifies the impairment assessment of equity investments without readily determinable fair values. The amendment requires public business entities that are required to disclose the fair value of financial instruments measured at amortized cost on the balance sheet to measure that fair value using the exit price notion. The amendment requires an entity to present separately in other comprehensive income the portion of the total change in the fair value of a liability resulting from a change in the instrument-specific credit risk when the entity has elected to measure the liability at fair value in accordance with the fair value option. The amendment requires separate presentation of financial assets and financial liabilities by measurement category and form of financial asset on the balance sheet or in the accompanying notes to the financial statements. The amendment reduces diversity in current practice by clarifying that an entity should evaluate the need for a valuation allowance on a deferred tax asset related to available for sale securities in combination with the entity’s other deferred tax assets. This amendment is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Entities should apply the amendment by means of a cumulative-effect adjustment as of the beginning of the fiscal year of adoption, with the exception of the amendment related to equity securities without readily determinable fair values, which should be applied prospectively to equity investments that exist as of the date of adoption. The Company intends to adopt the accounting standard during the first quarter of 2018, as required, and is currently evaluating the impact of implementation. In June 2016, the FASB issued ASU 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The ASU requires an organization to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. Additionally, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. For the Company, this update will be effective for interim and annual periods beginning after December 15, 2019. The Company has not yet determined the impact the adoption of ASU 2016-13 will have on the consolidated financial statements. In March 2017, the FASB issued ASU 2017-08, Receivables-Nonrefundable Fees and Other Costs (Subtopic) 310-20): Premium Amortization of Purchased Callable Debt Securities.
Reclassification	Reclassification Certain amounts in the 2016 consolidated financial statements have been reclassified to conform to the 2017 presentation.
Subsequent Events	Subsequent Events In preparing these financial statements, the Company has evaluated events and transactions for potential recognition or disclosure through the date the consolidated financial statements were available to be issued.

Income (Loss) Per Share (Tables

Income (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2017
Common share data
Schedule of Income (Loss) Per Share	Three Months Ended Nine Months Ended September 30, September 30, 2017 2016 2017 2016 (Unaudited) Basic and Diluted Income (Loss) per Share: Net Income (Loss) $ 31,000 $ (24,000 ) $ (16,000 ) $ (885,000 ) Less: Dividends Paid on Common Stock - - - - Undistributed Income (Loss) $ 31,000 $ (24,000 ) $ (16,000 ) $ (885,000 ) Weighted-Average Basic and Diluted Shares Outstanding 1,602,410 1,647,123 1,630,348 1,574,331 Distributed Income (Loss) per Share Undistributed Income (Loss) per Share 0.02 (0.01 ) (0.01 ) (0.56 ) Net Income (Loss) per Share $ 0.02 $ (0.01 ) $ (0.01 ) $ (0.56 )

Certificates of Deposit in Ot23

Certificates of Deposit in Other Financial Institutions (Tables)	9 Months Ended
	Sep. 30, 2017
Deposits:
Schedule of Certificates of Deposit in Other Financial Institutions	Certificates of deposit in other financial institutions are as follows: September 30, 2017 December 31, 2016 (Unaudited) Certificates of Deposit at Cost Maturing In: Less than One Year $ 3,721,000 $ 1,488,000 One Year to Five Years 3,218,000 3,224,000 $ 6,939,000 $ 4,712,000

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2017
Investments, Debt and Equity Securities [Abstract]
Schedule of Amortized Cost and Estimated Fair Market Value of Investment Securities	The amortized cost and estimated fair value of investment securities classified as available-for-sale are summarized as follows: September 30, 2017 (Unaudited) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage Backed Securities $ 5,246,000 $ - $ (85,000 ) $ 5,161,000 Small Business Administration (“SBA”) Pools 916,000 - (27,000 ) 889,000 Muncipal Obligation 406,000 4,000 - 410,000 Federal Home Loan Mortgage Corp. Stock 15,000 25,000 - 40,000 Total $ 6,583,000 $ 29,000 $ (112,000 ) $ 6,500,000 December 31, 2016 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage Backed Securities $ 5,321,000 $ - $ (139,000 ) $ 5,182,000 Small Business Administration (“SBA”) Pools 988,000 - (34,000 ) 954,000 Muncipal Obligation 407,000 - (4,000 ) 403,000 Federal Home Loan Mortgage Corp. Stock 15,000 27,000 - 42,000 Total $ 6,731,000 $ 27,000 $ (177,000 ) $ 6,581,000
Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale	The following table indicates amortized cost and the estimated fair value of securities available-for-sale as of September 30, 2017 based upon contractual maturity. Amortized Cost Fair Value (Unaudited) Over Ten Years $ 406,000 $ 410,000 Mortgage Backed Securities and SBA Pools 6,162,000 6,050,000 No Stated Maturity Date 15,000 40,000 Total $ 6,583,000 $ 6,500,000
Schedule of Gross Unrealized Losses	The following tables show securities with gross unrealized losses at September 30, 2017 and December 31, 2016 aggregated by investment category and length of time that individual securities have been in a continuous loss position. September 30, 2017 (Unaudited) Less Than 12 Months 12 Months or More Total Gross Gross Gross Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses Mortgage Backed Securities $ 3,776,000 $ (64,000 ) $ 1,385,000 $ (21,000 ) $ 5,161,000 $ (85,000 ) Small Business Administration Pools 889,000 (27,000 ) - - 889,000 (27,000 ) Muncipal Obligation - - - - - - Total $ 4,665,000 $ (91,000 ) $ 1,385,000 $ (21,000 ) $ 6,050,000 $ (112,000 ) December 31, 2016 Less Than 12 Months 12 Months or More Total Gross Gross Gross Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses Mortgage Backed Securities $ - $ - $ 5,182,000 $ (139,000 ) $ 5,182,000 $ (139,000 ) Small Business Administration Pools - - 954,000 (34,000 ) 954,000 (34,000 ) Muncipal Obligation - - 403,000 (4,000 ) 403,000 (4,000 ) Total $ - $ - $ 6,539,000 $ (177,000 ) $ 6,539,000 $ (177,000 )

Loans and Allowance for Loan 25

Loans and Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2017
Receivables [Abstract]
Schedule of Loans	Loans are summarized as follows: September 30, December 31, 2017 2016 (Unaudited) Commercial Business $ 1,292,000 $ 1,543,000 Commercial and Multi-Family Real Estate 16,522,000 14,428,000 Residential Real Estate 34,090,000 32,999,000 Consumer and Other 711,000 558,000 52,615,000 49,528,000 Allowance for Loan Losses (264,000 ) (263,000 ) Net Deferred Loan Fees (14,000 ) (17,000 ) Loans, Net $ 52,337,000 $ 49,248,000
Schedule of Allowance for Loan Losses	The following table presents, by portfolio segment, the activity in the allowance for loan losses for the three and nine months ended September 30, 2017. Also presented is the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method as of September 30, 2017. September 30, 2017 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Allowance for Loan Losses: Balance July 1, 2017 $ 3,000 $ 38,000 $ 192,000 $ 3,000 $ 28,000 $ 264,000 Provision for Loan Losses (1,000 ) - 19,000 1,000 (19,000 ) - Loans Charged-Off - - - (1,000 ) - (1,000 ) Recoveries of Loans Previously Charged-Off - - 1,000 - - 1,000 Balance September 30, 2017 $ 2,000 $ 38,000 $ 212,000 $ 3,000 $ 9,000 $ 264,000 Balance January 1, 2017 $ 3,000 $ 37,000 $ 181,000 $ 3,000 $ 39,000 $ 263,000 Provision for Loan Losses (1,000 ) 1,000 28,000 2,000 (30,000 ) - Loans Charged-Off - - - (2,000 ) - (2,000 ) Recoveries of Loans Previously Charged-Off - - 3,000 - - 3,000 Balance September 30, 2017 $ 2,000 $ 38,000 $ 212,000 $ 3,000 $ 9,000 $ 264,000 Ending Balance: Individually Evaluated for Impairment $ - $ - $ - $ - $ - $ - Ending Balance: Collectively Evaluated for Impairment $ 2,000 $ 38,000 $ 212,000 $ 3,000 $ 9,000 $ 264,000 Loans: Ending Balance: Individually Evaluated for Impairment $ - $ - $ 30,000 $ - $ - Ending Balance: Collectively Evaluated for Impairment $ 1,292,000 $ 16,522,000 $ 34,060,000 $ 711,000 $ 52,615,000 The following table presents, by portfolio segment, the activity in the allowance for loan losses for the three and nine months ended September 30, 2016: September 30, 2016 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Allowance for Loan Losses: Balance July 1, 2016 $ 3,000 $ 36,000 $ 192,000 $ 9,000 $ 21,000 $ 261,000 Provision for Loan Losses - 5,000 4,000 - (9,000 ) - Loans Charged-Off - - - - - - Recoveries of Loans Previously Charged-Off - - 1,000 - - 1,000 Balance September 30, 2016 $ 3,000 $ 41,000 $ 197,000 $ 9,000 $ 12,000 $ 262,000 Balance January 1, 2016 $ 5,000 $ 30,000 $ 183,000 $ 4,000 $ 39,000 $ 261,000 Provision for Loan Losses (2,000 ) 11,000 12,000 6,000 (27,000 ) - Loans Charged-Off - - - (1,000 ) - (1,000 ) Recoveries of Loans Previously Charged-Off - - 2,000 - - 2,000 Balance September 30, 2016 $ 3,000 $ 41,000 $ 197,000 $ 9,000 $ 12,000 $ 262,000 The following table presents the balance in the allowance for loan losses and the recorded investment in loans based on portfolio segment and impairment method at December 31, 2016. December 31, 2016 Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Ending Balance: Individually Evaluated for Impairment $ - $ - $ - $ - $ - $ - Ending Balance: Collectively Evaluated for Impairment $ 3,000 $ 37,000 $ 181,000 $ 3,000 $ 39,000 $ 263,000 Loans: Ending Balance: Individually Evaluated for Impairment $ - $ - $ 199,000 $ - $ 199,000 Ending Balance: Collectively Evaluated for Impairment $ 1,543,000 $ 14,428,000 $ 32,800,000 $ 558,000 $ 49,329,000
Schedule of Loans Allocated by Management's Internal Risk Ratings	The following tables show the loans allocated by management’s internal risk ratings: Risk Profile by Risk Rating September 30, 2017 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Total Risk Rating: Unclassified $ 1,167,000 $ 16,522,000 $ 33,117,000 $ 711,000 $ 51,517,000 Special Mention 125,000 - 643,000 - 768,000 Substandard - - 330,000 - 330,000 Total $ 1,292,000 $ 16,522,000 $ 34,090,000 $ 711,000 $ 52,615,000 Risk Profile by Risk Rating December 31, 2016 Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Total Risk Rating: Unclassified $ 1,540,000 $ 14,428,000 $ 32,269,000 $ 557,000 $ 48,794,000 Special Mention 3,000 - 118,000 - 121,000 Substandard - - 612,000 1,000 613,000 Total $ 1,543,000 $ 14,428,000 $ 32,999,000 $ 558,000 $ 49,528,000
Schedule of Loan Portfolio	The following tables show the aging analysis of the loan portfolio by time past due: Accruing Interest September 30, 2017 (Unaudited) Current 30-89 Days Past Due 90 Days or More Past Due Total Nonaccrual Toal Loans Commercial Business $ 1,292,000 $ - $ - $ - $ 1,292,000 Commerical and Multi-Family Real Estate 16,522,000 - - - 16,522,000 Residential Real Estate 33,334,000 726,000 - 30,000 34,090,000 Consumer and Other 711,000 - - 711,000 $ 51,859,000 $ 726,000 $ - $ 30,000 $ 52,615,000 Accruing Interest December 31, 2016 Current 30-89 Days Past Due 90 Days or More Past Due Total Nonaccrual Toal Loans Commercial Business $ 1,543,000 $ - $ - $ - $ 1,543,000 Commerical and Multi-Family Real Estate 14,428,000 - - - 14,428,000 Residential Real Estate 32,650,000 150,000 - 199,000 32,999,000 Consumer and Other 556,000 2,000 - - 558,000 $ 49,177,000 $ 152,000 $ - $ 199,000 $ 49,528,000
Schedule of Impaired Loans	The following tables present information related to impaired loans: September 30, 2017 (Unaudited) Recorded Investment Unpaid Principal Balance Related Allowance Loans With No Related Allowance Recorded: Commercial and Multi-Family Real Estate $ - $ - $ - Residential Real Estate 30,000 32,000 - Total Loans With No Related Allowance Recorded $ 30,000 $ 32,000 $ - Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - Total Impaired Loans: Commercial and Multi-Family Real Estate $ - $ - $ - Residential Real Estate 30,000 32,000 - Total $ 30,000 $ 32,000 $ - December 31, 2016 Recorded Investment Unpaid Principal Balance Related Allowance Loans With No Related Allowance Recorded: Commercial and Multi-Family Real Estate $ - $ - $ - Residential Real Estate 199,000 202,000 - Total Loans With No Related Allowance Recorded $ 199,000 $ 202,000 $ - Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - Total Impaired Loans: Commercial and Multi-Family Real Estate $ - $ - $ - Residential Real Estate 199,000 202,000 - Total $ 199,000 $ 202,000 $ - Three Months Ended Nine Months Ended September 30, 2017 (Unaudited) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans With No Related Allowance Recorded: Commercial and Multi-Family Real Estate $ - $ - $ - $ - Residential Real Estate 31,000 - 94,000 1,000 Total Loans With No Related Allowance Recorded $ 31,000 $ - $ 94,000 $ 1,000 Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - $ - Total Impaired Loans: Commercial and Multi-Family Real Estate $ - $ - $ - $ - Residential Real Estate 31,000 - 94,000 1,000 Total $ 31,000 $ - $ 94,000 $ 1,000 September 30, 2016 (Unaudited) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans With No Related Allowance Recorded: Commercial and Multi-Family Real Estate $ 206,000 $ - $ 313,000 $ 3,000 Residential Real Estate 88,000 - 89,000 - Total Loans With No Related Allowance Recorded $ 294,000 $ - $ 402,000 $ 3,000 Loans With an Allowance Recorded: Residential Real Estate $ 274,000 $ - $ 277,000 $ - Total Impaired Loans: Commercial and Multi-Family Real Estate $ 206,000 $ - $ 313,000 $ 3,000 Residential Real Estate 362,000 - 366,000 - Total $ 568,000 $ - $ 679,000 $ 3,000

Foreclosed Assets (Tables)

Foreclosed Assets (Tables)	9 Months Ended
	Sep. 30, 2017
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Schedule of Foreclosed Assets	Activity in foreclosed assets is as follows: Nine Months Ended September 30, 2017 2016 (Unaudited) Balance Beginning of Period $ 26,000 $ 608,000 Additions 82,000 - Loans ro Facilitate Sale - (209,000 ) Proceeds from Sale, Net (130,000 ) (359,000 ) Gain (Loss) on Sale 22,000 (14,000 ) Balance at End of Period $ - $ 26,000

Financial Instruments With Of27

Financial Instruments With Off-Balance Sheet Risk (Tables)	9 Months Ended
	Sep. 30, 2017
Risks and Uncertainties [Abstract]
Schedule of Financial Instruments Contract Amount	The following financial instruments whose contract amount represents credit risk were approximately as follows: September 30, 2017 December 31, 2016 (Unaudited) Commitments to Extend Credit $ 2,811,000 $ 2,760,000 Standby Letters of Credit - - Total $ 2,811,000 $ 2,760,000

Stockholders' Equity and Regu28

Stockholders' Equity and Regulatory Matters (Tables)	9 Months Ended
	Sep. 30, 2017
Regulated Operations [Abstract]
Schedule of Association's Capital Amounts and Ratios	Applicable capital adequacy requirements and Central Federal’s capital amounts and ratios are presented in the following table. Actual Minimum Capital Requirement Minimum to be Well Capitalized Amount Ratio Amount Ratio Amount Ratio September 30, 2017 (Unaudited) Total Capital to Risk Weighted Assets $ 20,783,000 51.3 % 3,242,000 8.0 % 4,053,000 10.0 % Tier 1 Capital to Risk Weighted Assets 20,506,000 50.6 % 2,432,000 6.0 % 3,242,000 8.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 20,506,000 50.6 % 1,824,000 4.5 % 2,634,000 6.5 % Tier 1 Capital to Average Assets 20,506,000 28.8 % 2,849,000 4.0 % 3,561,000 5.0 % December 31, 2016 Total Capital to Risk Weighted Assets $ 20,630,000 53.5 % $ 3,082,000 8.0 % $ 3,853,000 10.0 % Tier 1 Capital to Risk Weighted Assets 20,367,000 52.9 % 2,312,000 6.0 % 3,082,000 8.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 20,367,000 52.9 % 1,734,000 4.5 % 2,504,000 6.5 % Tier 1 Capital to Average Assets 20,367,000 27.0 % 3,014,000 4.0 % 3,767,000 5.0 %

Employee Stock Ownership Plan29

Employee Stock Ownership Plan (“ESOP”) (Tables)	9 Months Ended
	Sep. 30, 2017
Retirement Benefits [Abstract]
Schedule of Employee Stock Ownership Plan	A summary of the shares held by the ESOP is as follows at September 30, 2017: At September 30, 2017 (unaudited) Allocated Shares 10,010 Committed-to-be-allocated Shares - Unallocated Shares 133,032 Total ESOP Shares 143,042 Fair value of unallocated shares $ 1,829,190

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of Balances of Assets and Liabilities Measured at Fair Value On a Recurring Basis	The following tables present the balances of assets and liabilities measured at fair value on a recurring basis: Level 1 Level 2 Level 3 Total September 30, 2017 (Unaudited) Securities Available-for-Sale Mortgage Backed Securities $ - $ 5,161,000 $ - $ 5,161,000 Small Business Administration Pools - 889,000 - 889,000 Municipal Obligation - 410,000 - 410,000 Federal Home Loan Mortgage Corp. Stock 40,000 - - 40,000 $ 40,000 $ 6,460,000 $ - $ 6,500,000 December 31, 2016 Securities Available-for-Sale Mortgage Backed Securities $ - $ 5,182,000 $ - $ 5,182,000 Small Business Administration Pools - 954,000 - 954,000 Municipal Obligation - 403,000 - 403,000 Federal Home Loan Mortgage Corp. Stock 42,000 - - 42,000 $ 42,000 $ 6,539,000 $ - $ 6,581,000
Schedule of Impairment Losses Including in Nonrecurring Basis	Net impairment losses, including charge-offs or allocated losses related to nonrecurring fair value measurements of certain assets, for the periods ended September 30, 2017 and December 31, 2016 consisted of the following: Level 1 Level 2 Level 3 Impairment Losses September 30, 2017 (Unaudited) Impaired Loans $ - $ - $ - $ - December 31, 2016 Impaired Loans $ - $ - $ - $ -
Schedule of Significant Inputs Used in the Fair Value Measurements of Level 3	The significant inputs used in the fair value measurements for Level 3 assets measured at fair value on the nonrecurring basis are as follows as of June 30, 2017 and December 31, 2016: Valuation Unobservable Range Techniques Inputs (Average) Impaired Loans Evaluation of Estimation of NM* Collateral Value * Not Meaningful.

Fair Value of Financial Instr31

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2017
Fair Value Of Financial Instruments [Abstract]
Schedule of Fair Value of Financial Instruments	The estimated fair values, and related carrying or notional amounts, of the Company’s financial instruments are as follows: September 30, 2017 December 31, 2016 (Unaudited) Carrying Fair Carrying Fair Input Amount Value Amount Value Level Financial Assets: Cash and Cash Equivalents $ 1,795,000 $ 1,795,000 $ 12,199,000 $ 12,199,000 1 Certificates of Deposit in Other Financial Institutions 6,939,000 6,939,000 4,712,000 4,712,000 2 Securities Available-For-Sale: Mortgage Backed Securities 5,161,000 5,161,000 5,182,000 5,182,000 2 Small Business Administration Pools 889,000 889,000 954,000 954,000 2 Municipal Obligation 410,000 410,000 403,000 403,000 2 FHLMC Stock 40,000 40,000 42,000 42,000 1 FHLB Stock 89,000 89,000 97,000 97,000 2 Loans, net 52,337,000 52,347,000 49,248,000 49,235,000 3 Accrued Interest Receivable 166,000 166,000 160,000 160,000 2 Financial Liabilities: Deposits 41,930,000 41,780,000 46,223,000 46,156,000 3 Accrued Interest Payable $ 6,000 $ 6,000 1,000 1,000 2

Summary of Significant Accoun32

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jan. 12, 2016	Sep. 30, 2017
Summary Of Significant Accounting Policies [Line Items]
Ownership percentage		100.00%
Central Federal Community Foundation [Member]
Summary Of Significant Accounting Policies [Line Items]
Stock price per share		$ 10
Number of shares issued to charitable organization		68,770
Payments for funding charitable foundation		$ 100,000
Plan Of Conversion [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of shares issued in connection with conversion	1,719,250
Shares issued during period to employee stock ownership plan	143,042
Plan Of Conversion [Member] | Central Federal Community Foundation [Member]
Summary Of Significant Accounting Policies [Line Items]
Stock price per share	$ 10
Number of shares issued to charitable organization	68,770
Payments for funding charitable foundation	$ 100,000
Stock conversion cost	$ 1,425,000

Income (Loss) Per Share - Sched

Income (Loss) Per Share - Schedule of Income (loss) Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Common share data
Net income (loss)	$ 31,000	$ (24,000)	$ (16,000)	$ (885,000)
Less: Dividends Paid on Common Stock
Undistributed Income (Loss)	$ 31,000	$ (24,000)	$ (16,000)	$ (785,000)
Weighted-Average Basic and Diluted Shares Outstanding	1,602,410	1,647,123	1,630,348	1,574,331
Distributed Income (Loss) per Share
Undistributed Income (Loss) per Share	0.02	(0.01)	(0.01)	(0.56)
Net Income (Loss) per Share	$ 0.02	$ (0.01)	$ (0.01)	$ (0.56)

Certificates of Deposit in Ot34

Certificates of Deposit in Other Financial Institutions - Schedule of Certificates of Deposit in Other Financial Institutions (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Deposits:
Less than One Year	$ 3,721,000	$ 1,488,000
One Year to Five Years	3,218,000	3,224,000
Certificates of Deposit at Cost	$ 6,939,000	$ 4,712,000

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost and Estimated Fair Market Value of Investment Securities (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	$ 6,583,000	$ 6,731,000
Gross Unrealized Gains	29,000	27,000
Gross Unrealized Losses	(112,000)	(177,000)
Fair Value	6,500,000	6,581,000
Commercial Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	5,246,000	5,321,000
Gross Unrealized Gains
Gross Unrealized Losses	(85,000)	(139,000)
Fair Value	5,161,000	5,182,000
Small Business Administration (“SBA”) Pools [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	916,000	988,000
Gross Unrealized Gains
Gross Unrealized Losses	(27,000)	(34,000)
Fair Value	889,000	954,000
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	406,000	407,000
Gross Unrealized Gains	4,000
Gross Unrealized Losses		(4,000)
Fair Value	410,000	403,000
US Government-sponsored Enterprises Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized Cost	15,000	15,000
Gross Unrealized Gains	25,000	27,000
Gross Unrealized Losses
Fair Value	$ 40,000	$ 42,000

Securities - Schedule of Amor36

Securities - Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale (Details)	Sep. 30, 2017USD ($)
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Over Ten Years	$ 406,000
Amortized Cost, Mortgage Backed Securities and SBA Pools	6,162,000
Amortized Cost, No Stated Maturity Date	15,000
Total	6,583,000
Fair Value, Over Ten Years	410,000
Fair Value, Mortgage Backed Securities and SBA Pools	6,050,000
Fair Value, No Stated Maturity Date	40,000
Fair value amortized cost of securities available for sale	$ 6,500,000

Securities - Schedule of Gross

Securities - Schedule of Gross Unrealized Losses (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, estimated fair value	$ 4,665,000
Less than 12 months, gross unrealized losses	(91,000)
12 months or more, estimated fair value	1,385,000	6,539,000
12 months or more, unrealized loss	(21,000)	(177,000)
Total, estimated fair value	6,050,000	6,539,000
Total unrealized loss	(112,000)	(177,000)
Commercial Mortgage Backed Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, estimated fair value	3,776,000
Less than 12 months, gross unrealized losses	(64,000)
12 months or more, estimated fair value	1,385,000	5,182,000
12 months or more, unrealized loss	(21,000)	(139,000)
Total, estimated fair value	5,161,000	5,182,000
Total unrealized loss	(85,000)	(139,000)
Small Business Administration (“SBA”) Pools [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, estimated fair value	889,000
Less than 12 months, gross unrealized losses	(27,000)
12 months or more, estimated fair value		954,000
12 months or more, unrealized loss		(34,000)
Total, estimated fair value	889,000	954,000
Total unrealized loss	(27,000)	(34,000)
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Less than 12 months, estimated fair value
Less than 12 months, gross unrealized losses
12 months or more, estimated fair value		403,000
12 months or more, unrealized loss		(4,000)
Total, estimated fair value		403,000
Total unrealized loss		$ (4,000)

Loans and Allowance for Loan 38

Loans and Allowance for Loan Losses (Details Narrative) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Gross	$ 52,615,000		$ 49,528,000
Interest income recorded for nonaccrual loans	2,000	$ 19,000
Interest income recognized on nonaccrual loans	1,000	$ 3,000
One-To Four-family Nonowner Occupied Properties [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Gross	9,848,000
One-To Four-family Nonowner Occupied Properties [Member] | Residential Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Gross			9,493,000
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, Gross	1,494,000		2,736,000
Loans in process	$ 140,000		$ 2,299,000

Loans and Allowance for Loan 39

Loans and Allowance for Loan Losses - Schedule of Loans (Details) - USD ($)	Sep. 30, 2017	Jun. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Dec. 31, 2015
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	$ 52,615,000		$ 49,528,000
Allowance for Loan Losses	(264,000)	$ (264,000)	(263,000)	$ (262,000)	$ (261,000)	$ (261,000)
Net Deferred Loan Fees	(14,000)		(17,000)
Loans, Net	52,337,000		49,248,000
Business Loan [Member] | Commercial Portfolio Segment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	1,292,000		1,543,000
Allowance for Loan Losses	(2,000)	(3,000)	(3,000)	(3,000)	(3,000)	(5,000)
Multi Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	16,522,000		14,428,000
Allowance for Loan Losses	(38,000)	(38,000)	(37,000)	(41,000)	(36,000)	(30,000)
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	34,090,000		32,999,000
Allowance for Loan Losses	(212,000)	(192,000)	(181,000)	(197,000)	(192,000)	(183,000)
Consumer And Other Loans [Member] | Consumer Portfolio Segment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, Gross	711,000		558,000
Allowance for Loan Losses	$ (3,000)	$ (3,000)	$ (3,000)	$ (9,000)	$ (9,000)	$ (4,000)

Loans and Allowance for Loan 40

Loans and Allowance for Loan Losses - Schedule of Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	$ 264,000	$ 261,000	$ 263,000	$ 261,000
Provision for Loan Losses
Loans Charged-Off	(1,000)		(2,000)	(1,000)
Recoveries of Loans Previously Charged-Off	1,000	1,000	3,000	2,000
Balance at End of Year	264,000	262,000	264,000	262,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	264,000	263,000	264,000	263,000
Ending Balance: Individually Evaluated for Impairment		199,000		199,000
Ending Balance: Collectively Evaluated for Impairment	52,615,000	49,329,000	52,615,000	49,329,000
Unallocated Financing Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	28,000	21,000	39,000	39,000
Provision for Loan Losses	(19,000)	(9,000)	(30,000)	(27,000)
Loans Charged-Off
Recoveries of Loans Previously Charged-Off
Balance at End of Year	9,000	12,000	9,000	12,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	9,000	39,000	9,000	39,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment
Business Loan [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	3,000	3,000	3,000	5,000
Provision for Loan Losses	(1,000)		(1,000)	(2,000)
Loans Charged-Off
Recoveries of Loans Previously Charged-Off
Balance at End of Year	2,000	3,000	2,000	3,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	2,000	3,000	2,000	3,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	1,292,000	1,543,000	1,292,000	1,543,000
Multi Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	38,000	36,000	37,000	30,000
Provision for Loan Losses		5,000	1,000	11,000
Loans Charged-Off
Recoveries of Loans Previously Charged-Off
Balance at End of Year	38,000	41,000	38,000	41,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	38,000	37,000	38,000	37,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	16,522,000	14,428,000	16,522,000	14,428,000
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	192,000	192,000	181,000	183,000
Provision for Loan Losses	19,000	4,000	28,000	12,000
Loans Charged-Off
Recoveries of Loans Previously Charged-Off	1,000	1,000	3,000	2,000
Balance at End of Year	212,000	197,000	212,000	197,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	212,000	181,000	212,000	181,000
Ending Balance: Individually Evaluated for Impairment	30,000	199,000	30,000	199,000
Ending Balance: Collectively Evaluated for Impairment	34,060,000	32,800,000	34,060,000	32,800,000
Consumer And Other Loans [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	3,000	9,000	3,000	4,000
Provision for Loan Losses	1,000		2,000	6,000
Loans Charged-Off	(1,000)		(2,000)	(1,000)
Recoveries of Loans Previously Charged-Off
Balance at End of Year	3,000	9,000	3,000	9,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	3,000	3,000	3,000	3,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	$ 711,000	$ 558,000	$ 711,000	$ 558,000

Loans and Allowance for Loan 41

Loans and Allowance for Loan Losses - Schedule of Loans Allocated by Management's Internal Risk Ratings (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 52,615,000	$ 49,528,000
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	768,000	121,000
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	330,000	613,000
Unlikely to be Collected Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	51,517,000	48,794,000
Business Loan [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,292,000	1,543,000
Business Loan [Member] | Commercial Portfolio Segment [Member] | Unclassified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,167,000	1,540,000
Business Loan [Member] | Commercial Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	125,000	3,000
Business Loan [Member] | Commercial Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Multi Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	16,522,000	14,428,000
Multi Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Unclassified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	16,522,000	14,428,000
Multi Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Multi Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	34,090,000	32,999,000
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Unclassified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	33,117,000	32,269,000
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	643,000	118,000
Real Estate Loan [Member] | Residential Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	330,000	612,000
Consumer And Other Loans [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	711,000	558,000
Consumer And Other Loans [Member] | Consumer Portfolio Segment [Member] | Unclassified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		557,000
Consumer And Other Loans [Member] | Consumer Portfolio Segment [Member] | Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Consumer And Other Loans [Member] | Consumer Portfolio Segment [Member] | Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross		$ 1,000
Consumer And Other Loans [Member] | Consumer Portfolio Segment [Member] | Unlikely to be Collected Financing Receivable [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 711,000

Loans and Allowance for Loan 42

Loans and Allowance for Loan Losses - Schedule of Loan Portfolio (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 51,859,000	$ 49,177,000
Accruing Interest	726,000	152,000
Total Nonaccrual	30,000	199,000
Total	52,615,000	49,528,000
Business Loan [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,292,000	1,543,000
Total Nonaccrual
Total	1,292,000	1,543,000
Business Loan [Member] | Financing Receivables 30 To 89 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest
Business Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest
Multi Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	16,522,000	14,428,000
Total Nonaccrual
Total	16,522,000	14,428,000
Multi Family Real Estate [Member] | Financing Receivables 30 To 89 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest
Multi Family Real Estate [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	33,334,000	32,650,000
Total Nonaccrual	30,000	199,000
Total	34,090,000	32,999,000
Real Estate Loan [Member] | Financing Receivables 30 To 89 Days Past Due [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest	726,000	150,000
Real Estate Loan [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest
Consumer And Other Loans [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	711,000	556,000
Total Nonaccrual
Total	711,000	558,000
Consumer And Other Loans [Member] | Financing Receivables 30 To 89 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest		2,000
Consumer And Other Loans [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest

Loans and Allowance for Loan 43

Loans and Allowance for Loan Losses - Schedule of Impaired Loans (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Financing Receivable, Impaired [Line Items]
Loans With No Related Allowance Recorded, Recorded Investment	$ 30,000		$ 30,000		$ 199,000
Loans With No Related Allowance Recorded, Unpaid Principal Balance	32,000		32,000		202,000
Loans With No Related Allowance Recorded, Average Recorded Investment	31,000	$ 294,000	94,000	$ 402,000
Loans With No Related Allowance Recorded, Interest Income Recognized			1,000	3,000
Total Impaired Loans, Recorded Investment	30,000		30,000		199,000
Total Impaired Loans, Unpaid Principal Balance	32,000		32,000		202,000
Total Impaired Loans, Related allowance
Total Impaired Loans, Average Recorded Investment	31,000	568,000	94,000	679,000
Total Impaired Loans, Interest Income Recognized			1,000	3,000
Multi Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Loans With No Related Allowance Recorded, Recorded Investment
Loans With No Related Allowance Recorded, Unpaid Principal Balance
Loans With No Related Allowance Recorded, Average Recorded Investment		206,000		313,000
Loans With No Related Allowance Recorded, Interest Income Recognized				3,000
Total Impaired Loans, Recorded Investment
Total Impaired Loans, Unpaid Principal Balance
Total Impaired Loans, Related allowance
Total Impaired Loans, Average Recorded Investment		206,000		313,000
Total Impaired Loans, Interest Income Recognized				3,000
Real Estate Loan [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Loans With No Related Allowance Recorded, Recorded Investment	30,000		30,000		199,000
Loans With No Related Allowance Recorded, Unpaid Principal Balance	32,000		32,000		202,000
Loans With No Related Allowance Recorded, Average Recorded Investment	31,000	88,000	94,000	89,000
Loans With No Related Allowance Recorded, Interest Income Recognized			1,000
Loans With an Allowance Recorded, Recorded investment
Loans With an Allowance Recorded, Unpaid Principal Balance
Loans With an Allowance Recorded, Related Allowance
Loans With an Allowance Recorded, Average Recorded Investment		274,000		277,000
Loans With an Allowance Recorded, Interest Income Recognized
Total Impaired Loans, Recorded Investment	30,000		30,000		199,000
Total Impaired Loans, Unpaid Principal Balance	32,000		32,000		202,000
Total Impaired Loans, Related allowance
Total Impaired Loans, Average Recorded Investment	31,000	362,000	94,000	366,000
Total Impaired Loans, Interest Income Recognized			$ 1,000

Foreclosed Assets - Schedule of

Foreclosed Assets - Schedule of Foreclosed Assets (Details) - USD ($)	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Balance Beginning of Period	$ 26,000	$ 608,000
Additions	82,000
Loans ro Facilitate Sale		(209,000)
Proceeds from Sale, Net	(130,000)	(359,000)
Gain (Loss) on Sale	22,000	(14,000)
Balance at End of Period		$ 26,000

Financial Instruments With Of45

Financial Instruments With Off-Balance Sheet Risk - Schedule of Financial Instruments Contract Amount (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total financial instruments with off-balance sheet risk	$ 2,811,000	$ 2,760,000
Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total financial instruments with off-balance sheet risk	2,811,000	2,760,000
Standby Letters of Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total financial instruments with off-balance sheet risk

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - Central Federal Community Foundation [Member]	9 Months Ended
	Sep. 30, 2017USD ($)$ / sharesshares
Income Taxes [Line Items]
Payments for funding charitable foundation	$ 100,000
Number of shares issued	$ 687,700
Number of shares issued, value | shares	68,770
Stock price per share | $ / shares	$ 10
Contribution for funding	$ 787,700
Maximum percentage federal income tax deduction	10.00%
Excess contribution carry forward period	5 years

Stockholders' Equity and Regu47

Stockholders' Equity and Regulatory Matters (Details Narrative) - shares	Apr. 05, 2017	Sep. 30, 2017
Capital conservation buffer above risk-based capital ratios		2.50%
Risk-weighted assets		0.625%
Maximum number of shares repuchased	178,802
Maximum number of shares repuchased percentage	10.00%
Board of Directors [Member]
Maximum number of shares repuchased		74,000

Stockholders' Equity and Regu48

Stockholders' Equity and Regulatory Matters - Schedule of Association's Capital Amounts and Ratios (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Regulatory Matters [Abstract]
Total Capital to Risk Weighted Assets, Actual Amount	$ 20,783,000	$ 20,630,000
Total Capital to Risk Weighted Assets, Actual Ratio	51.30%	53.50%
Total Capital to Risk Weighted Assets, Minimum Capital Requirement Amount	$ 3,242,000	$ 3,082,000
Total Capital to Risk Weighted Assets, Minimum Capital Requirement Ratio	8.00%	8.00%
Total Capital to Risk Weighted Assets, Minimum to be Well Capitalized Amount	$ 4,053,000	$ 3,853,000
Total Capital to Risk Weighted Assets, Minimum to be Well Capitalized Ratio	10.00%	10.00%
Tier I Capital to Risk Weighted Assets, Actual Amount	$ 20,506,000	$ 20,367,000
Tier I Capital to Risk Weighted Assets, Actual Ratio	50.60%	52.90%
Tier I Capital to Risk Weighted Assets, Minimum Capital Requirement Amount	$ 2,432,000	$ 2,312,000
Tier I Capital to Risk Weighted Assets, Minimum Capital Requirement Ratio	6.00%	6.00%
Tier I Capital to Risk Weighted Assets, Minimum to be Well Capitalized Amount	$ 3,242,000	$ 3,082,000
Tier I Capital to Risk Weighted Assets, Minimum to be Well Capitalized Ratio	8.00%	8.00%
Common Equity Tier I Capital to Risk Weighted Assets, Actual Amount	$ 20,506,000	$ 20,367,000
Common Equity Tier I Capital to Risk Weighted Assets, Actual Ratio	50.60%	52.90%
Common Equity Tier I Capital to Risk Weighted Assets, Minimum Capital Requirement Amount	$ 1,824,000	$ 1,734,000
Common Equity Tier I Capital to Risk Weighted Assets, Minimum Capital Requirement Ratio	4.50%	4.50%
Common Equity Tier I Capital to Risk Weighted Assets, Minimum to be Well Capitalized Amount	$ 2,634,000	$ 2,504,000
Common Equity Tier I Capital to Risk Weighted Assets, Minimum to be Well Capitalized Ratio	6.50%	6.50%
Tier I Capital to Average Assets, Actual Amount	$ 20,506,000	$ 20,367,000
Tier I Capital to Average Assets, Actual Ratio	28.80%	27.00%
Tier I Capital to Average Assets, Minimum Capital Requirement Amount	$ 2,849,000	$ 3,014,000
Tier I Capital to Average Assets, Minimum Capital Requirement Ratio	4.00%	4.00%
Tier I Capital to Average Assets, Minimum to be Well Capitalized Amount	$ 3,561,000	$ 3,767,000
Tier I Capital to Average Assets, Minimum to be Well Capitalized Ratio	5.00%	5.00%

Employee Stock Ownership Plan49

Employee Stock Ownership Plan (“ESOP”) (Details Narrative)	9 Months Ended
	Sep. 30, 2017USD ($)Integershares	Sep. 30, 2016USD ($)shares
Retirement Benefits [Abstract]
Funding of ESOP of common stock | shares	143,042	143,042
Term of employee stock ownership plan | Integer	100
ESOP of common stock percentage interest rate	3.50%
Compensation expense | $	$ 55,000	$ 45,000

Employee Stock Ownership Plan50

Employee Stock Ownership Plan (“ESOP”) - Schedule of Employee Stock Ownership Plan (Details) - USD ($)	Sep. 30, 2017	Sep. 30, 2016
Retirement Benefits [Abstract]
Allocated Shares	10,010
Committed-to-be-allocated Shares
Unallocated Shares	133,032
Total ESOP Shares	143,042	143,042
Fair value of unallocated shares	$ 1,829,190

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Balances of Assets and Liabilities Measured at Fair Value On a Recurring Basis (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	$ 6,500,000	$ 6,581,000
Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	5,161,000	5,182,000
Small Business Administration (“SBA”) Pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	889,000	954,000
Municipal Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	410,000	403,000
Federal Home Loan Mortgage Corp. Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	40,000	42,000
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	40,000	42,000
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Small Business Administration (“SBA”) Pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Municipal Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Inputs, Level 1 [Member] | Fair Value, Measurements, Recurring [Member] | Federal Home Loan Mortgage Corp. Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	40,000	42,000
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	6,460,000	6,539,000
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	5,161,000	5,182,000
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Small Business Administration (“SBA”) Pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	889,000	954,000
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Municipal Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	410,000	403,000
Fair Value, Inputs, Level 2 [Member] | Fair Value, Measurements, Recurring [Member] | Federal Home Loan Mortgage Corp. Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Small Business Administration (“SBA”) Pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Municipal Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Inputs, Level 3 [Member] | Fair Value, Measurements, Recurring [Member] | Federal Home Loan Mortgage Corp. Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale

Fair Value Measurements - Sch52

Fair Value Measurements - Schedule of Impairment Losses Including in Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impairment Losses
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Impaired Loans

Fair Value of Financial Instr53

Fair Value of Financial Instruments - Schedule of Fair Value of Financial Instruments (Details) - USD ($)	Sep. 30, 2017	Dec. 31, 2016	Sep. 30, 2016	Dec. 31, 2015
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	$ 1,795,000	$ 12,199,000	$ 12,611,000	$ 25,010,000
Certificates of Deposit in Other Financial Institutions	6,939,000	4,712,000
Mortgage Backed Securities	5,161,000	5,182,000
Small Business Administration Pools	889,000	954,000
Municipal Obligation	410,000	403,000
FHLMC Stock	40,000	42,000
FHLB Stock	89,000	97,000
Loans, net	52,337,000	49,248,000
Accrued Interest Receivable	166,000	160,000
Deposits	41,930,000	46,223,000
Accrued Interest Payable	6,000	1,000
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	1,795,000	12,199,000
Certificates of Deposit in Other Financial Institutions	6,939,000	4,712,000
Mortgage Backed Securities	5,161,000	5,182,000
Small Business Administration Pools	889,000	954,000
Municipal Obligation	410,000	403,000
FHLMC Stock	40,000	42,000
FHLB Stock	89,000	97,000
Loans, net	52,347,000	49,235,000
Accrued Interest Receivable	166,000	160,000
Deposits	41,780,000	46,156,000
Accrued Interest Payable	$ 6,000	$ 1,000