Central Federal Bancshares (CFDB) 10-Q 13 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 10, 2018
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	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		1,622,220
Trading Symbol	CFDB
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,018

Consolidated Statements of Fina

Consolidated Statements of Financial Condition - USD ($)	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and Due from Financial Institutions	$ 1,401,000	$ 2,049,000
Federal Funds Sold	1,455,000	876,000
Cash and Cash Equivalents	2,856,000	2,925,000
Certificates of Deposit in Other Financial Institutions	2,976,000	5,699,000
Securities Available-for-Sale at Fair Value	5,603,000	6,220,000
Federal Home Loan Bank (FHLB) Stock, at Cost	82,000	89,000
Loans, Net of Allowance for Loan Losses of $260,000 and $273,000 at June 30, 2018 and December 31, 2017, respectively	55,971,000	51,937,000
Foreclosed Assets	71,000
Premises and Equipment, Net	703,000	710,000
Accrued Interest Receivable	177,000	163,000
Other Assets	463,000	346,000
Total Assets	68,902,000	68,089,000
Deposits:
Noninterest-Bearing	3,465,000	3,181,000
Interest-Bearing	39,235,000	38,455,000
Total Deposits	42,700,000	41,636,000
Other Liabilities	166,000	135,000
Total Liabilities	42,866,000	41,771,000
Redeemable Common Stock Held By Employee Stock Ownership Plan (“ESOP”)	199,000	159,000
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 shares issued; 1,660,220 and 1,675,920 shares outstanding at June 30, 2018 and December 31, 2017, respectively	18,000	18,000
Retained Earnings - Substantially Restricted	12,775,000	12,758,000
Additional Paid-In Capital	16,475,000	16,464,000
Treasury Stock, at cost; 127,800 and 112,100 shares at June 30, 2018 and December 31, 2017, respectively	(1,747,000)	(1,523,000)
Common Stock Acquired by Employee Stock Ownership Plan (“ESOP”)	(1,287,000)	(1,316,000)
Accumulated Other Comprehensive Income (Loss)	(198,000)	(83,000)
Total Stockholders’ Equity	26,036,000	26,318,000
Less Maximum cash obligation related to ESOP shares	199,000	159,000
Total Stockholders’ Equity Less Maximum Cash Obligations Related to ESOP shares	25,837,000	26,159,000
Total Liabilities and Stockholders’ Equity	$ 68,902,000	$ 68,089,000

Consolidated Statements of Fin3

Consolidated Statements of Financial Condition (Parenthetical) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Allowance for Loan Losses	$ 260,000	$ 273,000
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	1,660,220	1,675,920
Treasury stock shares	127,800	112,100

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
INTEREST INCOME
Loans, Including Fees	$ 610,000	$ 565,000	$ 1,172,000	$ 1,109,000
Securities and Other	49,000	69,000	113,000	140,000
Total Interest Income	659,000	634,000	1,285,000	1,249,000
INTEREST EXPENSE
Deposits	73,000	72,000	138,000	153,000
Total Interest Expense	73,000	72,000	138,000	153,000
NET INTEREST INCOME	586,000	562,000	1,147,000	1,096,000
PROVISION FOR LOAN LOSSES
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	586,000	562,000	1,147,000	1,096,000
NONINTEREST INCOME
Customer Service Fees	28,000	20,000	48,000	38,000
Unrealized Gain (Loss) on Equity Securities	2,000		(15,000)
Other Income	11,000	10,000	12,000	12,000
Total Noninterest Income	41,000	30,000	45,000	50,000
NONINTEREST EXPENSE
Compensation and Employee Benefits	333,000	325,000	655,000	639,000
Data Processing and Other Outside Services	82,000	91,000	170,000	170,000
FDIC Insurance and Regulatory Assessment	14,000	14,000	28,000	28,000
Occupancy and Equipment	48,000	45,000	99,000	89,000
Legal and Professional Services	60,000	128,000	154,000	235,000
Supplies, Telephone, and Postage	9,000	16,000	18,000	26,000
Expense (Income) from Foreclosed Assets, net	1,000	(7,000)	10,000	(16,000)
Other	29,000	27,000	56,000	54,000
Total Noninterest Expense	576,000	639,000	1,190,000	1,225,000
INCOME (LOSS) BEFORE INCOME TAXES	51,000	(47,000)	2,000	(79,000)
INCOME TAX EXPENSE (BENEFIT)	2,000	(16,000)	3,000	(32,000)
NET INCOME (LOSS)	$ 49,000	$ (31,000)	$ (1,000)	$ (47,000)
Common share data
Basic and diluted Income (Loss) per share	$ 0.03	$ (0.02)		$ (0.03)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Income Statement [Abstract]
NET INCOME (LOSS)	$ 49,000	$ (31,000)	$ (1,000)	$ (47,000)
Other Comprehensive Income (Loss):
Unrealized Gains (Losses) on Debt Securities Available-for-Sale	(13,000)	95,000	(135,000)	87,000
Income Tax (Expense) Benefit	3,000	(27,000)	38,000	(27,000)
Total Other Comprehensive Income (Loss), net of tax	(10,000)	68,000	(97,000)	60,000
TOTAL COMPREHENSIVE INCOME (LOSS)	$ 39,000	$ 37,000	$ (98,000)	$ 13,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (1,000)	$ (47,000)
Items not requiring (providing) cash:
Net Amortization of Securities	20,000	26,000
Provision for Loan Losses
Depreciation	37,000	33,000
Gain on Sale of Foreclosed Assets		(22,000)
ESOP Expense	40,000	37,000
Loss on Equity Securities	15,000
Net Changes in:
Accrued Interest Receivable	(14,000)	(15,000)
Other Assets	(79,000)	23,000
Other Liabilities	31,000	32,000
Net Cash Provided by Operating Activities	49,000	67,000
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of Certificates of Deposit in Other Financial Institutions		(3,218,000)
Proceeds from Maturities of Certificates of Deposit in Other Financial Institutions	2,723,000	745,000
Net Change in FHLB Stock	7,000	8,000
Purchase of Securities Available-for-Sale		(777,000)
Proceeds from Maturities, Calls and Paydowns of Securities Available-for-Sale	447,000	557,000
Net Increase in Loans	(4,105,000)	(2,140,000)
Purchases of Premises and Equipment	(30,000)	(100,000)
Proceeds from Sale of Foreclosed Assets		130,000
Net Cash Used In Investing Activities	(958,000)	(4,795,000)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase (Decrease) in Deposits	1,064,000	(2,900,000)
Purchase of Treasury Stock	(224,000)	(555,000)
Net Cash Provided by (Used in) Financing Activities	840,000	(3,455,000)
NET CHANGE IN CASH AND CASH EQUIVALENTS	(69,000)	(8,183,000)
Cash and Cash Equivalents at Beginning of Period	2,925,000	12,199,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD	2,856,000	4,016,000
SUPPLEMENTAL CASH FLOW DISCLOSURE
Interest Paid on Deposits	138,000	148,000
Income Taxes Paid, Net of Refunds Received		(47,000)
Noncash Investing Activities:
Transfer of Loans to Foreclosed Assets	$ 71,000	$ 82,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
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 costs 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 June 30, 2018 and for the three and six months ended June 30, 2018 and 2017 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 June 30, 2018 and for the three and six months ended June 30, 2018 and 2017 contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position at June 30, 2018, and the results of operations and cash flows for the periods ended June 30, 2018 and 2017 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, Inc. for the year ended December 31, 2017, contained in the 2017 Annual Report on Form 10-K filed with the SEC on March 28, 2018. 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. The Company adopted the accounting standard during the first quarter of 2018, as required. The adoption of the standard resulted in a cumulative–effect adjustment that increased retained earnings by $18,000 with offsetting adjustment to AOCI. 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. Revenue Recognition Accounting Changes In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), an amendment that clarifies the principles for recognizing revenue and establishes principles for reporting information about the nature, amount, timing, and uncertainty of revenue and cashflows arising from the entity’s contracts to provide goods or services to customers. Most of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, investments and letters of credit. Service charges on deposit accounts, representing general services fees for monthly account maintenance, and transaction-based fee revenue is recognized when our performance is completed which is generally monthly. ASU 2014-09 became effective for us on January 1, 2018 and had no material effect on how we recognize revenue or to our consolidated financial statements and disclosures. Treasury Stock Common stock shares repurchased are recorded at cost. Cost of shares retired or reissued is determined using the first in, first out method. Reclassification Certain amounts in the 2017 consolidated financial statements have been reclassified to conform to the 2018 presentation. These reclassifications had no effect on net income (loss). 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	6 Months Ended
	Jun. 30, 2018
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. Any shares in the ESOP that have been committed-to-be-released are considered outstanding. Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Basic and Diluted Income (Loss) per Share: Net Income (Loss) $ 49,000 $ (31,000 ) $ (1,000 ) $ (47,000 ) Weighted-Average Basic and Diluted Shares Outstanding 1,530,393 1,640,722 1,536,704 1,644,642 Net Income (Loss) per Share, Basic and Diluted $ 0.03 $ (0.02 ) $ (0.00 ) $ (0.03 )

Certificates of Deposit in Othe

Certificates of Deposit in Other Financial Institutions	6 Months Ended
	Jun. 30, 2018
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: June 30, 2018 December 31, 2017 (Unaudited) Certificates of Deposit at Cost Maturing In: Less than One Year $ 992,000 $ 2,481,000 One Year to Five Years 1,984,000 3,218,000 $ 2,976,000 $ 5,699,000

Securities

Securities	6 Months Ended
	Jun. 30, 2018
Investments, Debt and Equity Securities [Abstract]
Securities	note 4 sECURITIES The carrying amount and estimated fair value of available-for-sale debt securities are summarized as follows: June 30, 2018 (Unaudited) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage Backed Securities $ 4,563,000 $ - $ (220,000 ) $ 4,343,000 Small Business Administration (“SBA”) Pools 881,000 - (45,000 ) 836,000 Muncipal Obligation 405,000 - (5,000 ) 400,000 Total $ 5,849,000 $ - $ (270,000 ) $ 5,579,000 December 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage Backed Securities $ 4,994,000 $ - $ (111,000 ) $ 4,883,000 Small Business Administration (“SBA”) Pools 916,000 - (31,000 ) 885,000 Muncipal Obligation 406,000 6,000 - 412,000 Total $ 6,316,000 $ 6,000 $ (142,000 ) $ 6,180,000 The following table indicates amortized cost and the estimated fair value of available-for-sale debt securities as of June 30, 2018 based upon contractual maturity. Amortized Cost Fair Value (Unaudited) Over Ten Years $ 405,000 $ 400,000 Mortgage Backed Securities and SBA Pools with no stated maturity date 5,444,000 5,179,000 Total $ 5,849,000 $ 5,579,000 Certain investments in debt securities are reported in the financial statements at an amount less than their historical cost. Total fair value of these investments at June 30, 2018 and December 31, 2017 was $5,579,000 and $5,768,000, which is approximately 100% and 93%, respectively, of the Company’s available-for-sale debt securities portfolio. These declines primarily resulted from changes in market interest rates. The following tables show securities with gross unrealized losses at June 30, 2018 and December 31, 2017 aggregated by investment category and length of time that individual securities have been in a continuous loss position. June 30, 2018 (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 $ - $ - $ 4,343,000 $ (220,000 ) $ 4,343,000 $ (220,000 ) Small Business Administration Pools - - 836,000 (45,000 ) 836,000 (45,000 ) Muncipal Obligation - - 400,000 (5,000 ) 400,000 (5,000 ) Total $ - $ - $ 5,579,000 $ (270,000 ) $ 5,579,000 $ (270,000 ) December 31, 2017 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 $ 665,000 $ (8,000 ) $ 4,218,000 $ (103,000 ) $ 4,883,000 $ (111,000 ) Small Business Administration Pools - - 885,000 (31,000 ) 885,000 (31,000 ) Muncipal Obligation - - - - - - Total $ 665,000 $ (8,000 ) $ 5,103,000 $ (134,000 ) $ 5,768,000 $ (142,000 ) There were no debt securities with unrealized losses which management believes were other-than-temporarily impaired at June 30, 2018 and December 31, 2017. The carrying amount and estimated fair value of equity securities are shown below: June 30, 2018 (Unaudited) Amortized Cost Gross Recognized Gains Gross Recognized Losses Fair Value Federal Home Loan Mortgage Corp. Stock $ 15,000 $ 9,000 $ - $ 24,000 Total $ 15,000 $ 9,000 $ - $ 24,000 December 31, 2017 Amortized Cost Gross Recognized Gains Gross Recognized Losses Fair Value Federal Home Loan Mortgage Corp. Stock $ 15,000 $ 25,000 $ - $ 40,000 Total $ 15,000 $ 25,000 $ - $ 40,000 Prior to January 1, 2018, equity securities were stated at fair value with unrealized gains and losses reported in AOCI, net of tax. On January 1, 2018, the unrealized gain was reclassified out of AOCI and into retained earnings with subsequent changes in fair value being recognized in net income. Net losses recognized during the six months ended June 30, 2018 amounted to $15,000, all of which was unrealized as securities were still held at June 30, 2018. There were no securities pledged as collateral at June 30, 2018 and December 31, 2017. During the six-month period ended June 30, 2018 and 2017, the Company did not sell any securities.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Loans and Allowance for Loan Losses	note 5 LOANS AND ALLOWANCE FOR LOAN LOSSES Loans are summarized as follows: June 30,2018 December 31, 2017 (Unaudited) Commercial Business $ 1,526,000 $ 1,285,000 Commercial and Multi-Family Real Estate 20,596,000 16,503,000 Residential Real Estate 33,321,000 33,753,000 Consumer and Other 800,000 683,000 56,243,000 52,224,000 Allowance for Loan Losses (260,000 ) (273,000 ) Net Deferred Loan Fees (12,000 ) (14,000 ) Loans, Net $ 55,971,000 $ 51,937,000 Residential real estate loans at June 30, 2018 and December 31, 2017 include loans secured by one- to four-family, non-owner-occupied properties of $8,924,000 and $9,190,000, respectively. At June 30, 2018 and December 31, 2017, construction loan commitments were $5,689,000 and $2,076,000, respectively. Undisbursed loans in process at June 30, 2018 and December 31, 2017 were $3,307,000 and $1,330,000, 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 Economic trends determined by unemployment rates and other key economic indicators are closely correlated to the credit quality of these loans. 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 six months ended June 30, 2018. 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 June 30, 2018. June 30, 2018 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Allowance for Loan Losses: Balance April 1, 2018 $ 3,000 $ 40,000 $ 200,000 $ 4,000 $ 11,000 $ 258,000 Provision for Loan Losses - 21,000 (18,000 ) - (3,000 ) - Loans Charged-Off - - - - - - Recoveries of Loans Previously Charged-Off - - 2,000 - - 2,000 Balance June 30, 2018 $ 3,000 $ 61,000 $ 184,000 $ 4,000 $ 8,000 $ 260,000 Balance January 1, 2018 $ 3,000 $ 38,000 $ 220,000 $ 3,000 $ 9,000 $ 273,000 Provision for Loan Losses - 23,000 (23,000 ) 1,000 (1,000 ) - Loans Charged-Off - - (16,000 ) - - (16,000 ) Recoveries of Loans Previously Charged-Off - - 3,000 - - 3,000 Balance June 30, 2018 $ 3,000 $ 61,000 $ 184,000 $ 4,000 $ 8,000 $ 260,000 Allowance for Loan Losses: Ending Balance: Individually Evaluated for Impairment $ - $ - $ - $ - $ - $ - Ending Balance: Collectively Evaluated for Impairment $ 3,000 $ 61,000 $ 184,000 $ 4,000 $ 8,000 $ 260,000 Loans: Ending Balance: Individually Evaluated for Impairment $ - $ - $ 120,000 $ - $ 120,000 Ending Balance: Collectively Evaluated for Impairment $ 1,526,000 $ 20,596,000 $ 33,201,000 $ 800,000 $ 56,123,000 The following table presents, by portfolio segment, the activity in the allowance for loan losses for the three and six months ended June 30, 2017: June 30, 2017 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Allowance for Loan Losses: Balance April 1, 2017 $ 2,000 $ 39,000 $ 190,000 $ 3,000 $ 29,000 $ 263,000 Provision for Loan Losses 1,000 (1,000 ) 1,000 - (1,000 ) - Loans Charged-Off - - - - - - Recoveries of Loans Previously Charged-Off - - 1,000 - - 1,000 Balance June 30, 2017 $ 3,000 $ 38,000 $ 192,000 $ 3,000 $ 28,000 $ 264,000 Balance January 1, 2017 $ 3,000 $ 37,000 $ 181,000 $ 3,000 $ 39,000 $ 263,000 Provision for Loan Losses - 1,000 9,000 1,000 (11,000 ) - Loans Charged-Off - - - (1,000 ) - (1,000 ) Recoveries of Loans Previously Charged-Off - - 2,000 - - 2,000 Balance June 30, 2017 $ 3,000 $ 38,000 $ 192,000 $ 3,000 $ 28,000 $ 264,000 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, 2017. December 31, 2017 Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Allowance for Loan Losses: Ending Balance: Individually Evaluated for Impairment $ - $ - $ 19,000 $ - $ - $ 19,000 Ending Balance: Collectively Evaluated for Impairment $ 3,000 $ 38,000 $ 201,000 $ 3,000 $ 9,000 $ 254,000 Loans: Ending Balance: Individually Evaluated for Impairment $ - $ - $ 101,000 $ - $ 101,000 Ending Balance: Collectively Evaluated for Impairment $ 1,285,000 $ 16,503,000 $ 33,652,000 $ 683,000 $ 52,123,000 The following tables show the loans allocated by management’s internal risk ratings: Risk Profile by Risk Rating June 30, 2018 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Total Risk Rating: Unclassified $ 1,526,000 $ 20,326,000 $ 32,459,000 $ 800,000 $ 55,111,000 Special Mention - 270,000 547,000 - 817,000 Substandard - - 315,000 - 315,000 Total $ 1,526,000 $ 20,596,000 $ 33,321,000 $ 800,000 $ 56,243,000 Risk Profile by Risk Rating December 31, 2017 Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Total Risk Rating: Unclassified $ 1,285,000 $ 16,349,000 $ 32,849,000 $ 683,000 $ 51,166,000 Special Mention - 154,000 620,000 - 774,000 Substandard - - 284,000 - 284,000 Total $ 1,285,000 $ 16,503,000 $ 33,753,000 $ 683,000 $ 52,224,000 The following tables show the aging analysis of the loan portfolio by time past due: Accruing Interest June 30, 2018 (Unaudited) Current 30-89 Days Past Due 90 Days or More Past Due Total Nonaccrual Toal Loans Commercial Business $ 1,526,000 $ - $ - $ - $ 1,526,000 Commercial and Multi-Family Real Estate 20,596,000 - - - 20,596,000 Residential Real Estate 32,607,000 520,000 74,000 120,000 33,321,000 Consumer and Other 800,000 - - - 800,000 $ 55,529,000 $ 520,000 $ 74,000 $ 120,000 $ 56,243,000 December 31, 2017 Commercial Business $ 1,285,000 $ - $ - $ - $ 1,285,000 Commercial and Multi-Family Real Estate 16,503,000 - - - 16,503,000 Residential Real Estate 33,346,000 306,000 71,000 30,000 33,753,000 Consumer and Other 683,000 - - - 683,000 $ 51,817,000 $ 306,000 $ 71,000 $ 30,000 $ 52,224,000 Interest income that would have been recorded for the six months ended June 30, 2018 and 2017 had nonaccrual loans been current according to their original terms amounted to $3,000 and $1,000, respectively. There was no interest income recognized for nonaccrual loans during the six months ended June 30, 2018. Interest income recognized for the six months ended June 30,2017 was $1,000. The following tables present information related to impaired loans: June 30, 2018 (Unaudited) Recorded Investment Unpaid Principal Balance Related Allowance Loans With No Related Allowance Recorded: Residential Real Estate $ 120,000 $ 121,000 $ - Total Loans With No Related Allowance Recorded $ 120,000 $ 121,000 $ - Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - Total Impaired Loans: Residential Real Estate $ 120,000 $ 121,000 $ - Total $ 120,000 $ 121,000 $ - December 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Loans With No Related Allowance Recorded: 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 $ 71,000 $ 71,000 $ 19,000 Total Impaired Loans: Residential Real Estate $ 101,000 $ 103,000 $ 19,000 Total $ 101,000 $ 103,000 $ 19,000 Three Months Ended Six Months Ended June 30, 2018 (Unaudited) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans With No Related Allowance Recorded: Residential Real Estate $ 120,000 $ 1,000 $ 52,000 $ 3,000 Total Loans With No Related Allowance Recorded $ 120,000 $ 1,000 $ 52,000 $ 3,000 Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - $ - Total Impaired Loans: Residential Real Estate $ 120,000 $ 1,000 $ 52,000 $ 3,000 Total $ 120,000 $ 1,000 $ 52,000 $ 3,000 June 30, 2017 (Unaudited) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans With No Related Allowance Recorded: Residential Real Estate $ 74,000 $ - $ 115,000 $ 1,000 Total Loans With No Related Allowance Recorded $ 74,000 $ - $ 115,000 $ 1,000 Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - $ - Total Impaired Loans: Residential Real Estate $ 74,000 $ - $ 115,000 $ 1,000 Total $ 74,000 $ - $ 115,000 $ 1,000 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 six months ended June 30, 2018 and 2017.

Foreclosed Assets

Foreclosed Assets	6 Months Ended
	Jun. 30, 2018
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Foreclosed Assets	Note 6 foreclosed assets Activity in foreclosed assets is as follows: Six Months Ended June 30, 2018 2017 (Unaudited) Balance Beginning of Period $ - $ 26,000 Additions 71,000 82,000 Proceeds from Sale, Net - (130,000 ) Gain (Loss) on Sale - 22,000 Balance at End of Period $ 71,000 $ -

Financial Instruments With Off-

Financial Instruments With Off-Balance Sheet Risk	6 Months Ended
	Jun. 30, 2018
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: June 30, 2018 December 31, 2017 (Unaudited) Commitments to Extend Credit $ 5,405,000 $ 3,759,000 Standby Letters of Credit - Total $ 5,405,000 $ 3,759,000 Range of Rates on Fixed Rate Commitments 2.25-6.25 % 2.00-6.00 % 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 six months ended June 30, 2018.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	note 8 income taxes At June 30, 2018, the Company had approximately $300,000 of net operating loss carry forward that will begin to expire in 2036. 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 subject to certain annual limitations with unused contributions carried forward five years subject to the same annual limitations. At June 30, 2018 and December 31, 2017, the Company had recorded a valuation allowance against the entire deferred tax asset related to this contribution carryforward. The Company has determined it is more likely than not that this deferred tax asset will not be realized.

Stockholders' Equity and Regula

Stockholders' Equity and Regulatory Matters	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018, 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 June 30, 2018 and December 31, 2017, 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 June 30, 2018 (Unaudited) Total Capital to Risk Weighted Assets $ 20,978,000 44.9 % $ 3,650,880 8.0 % $ 4,563,600 10.0 % Tier 1 Capital to Risk Weighted Assets 20,718,000 44.3 % 2,738,160 6.0 % 3,650,880 8.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 20,718,000 44.3 % 2,053,620 4.5 % 2,966,340 6.5 % Tier 1 Capital to Average Assets 20,718,000 30.7 % 2,700,800 4.0 % 3,376,000 5.0 % December 31, 2017 Total Capital to Risk Weighted Assets $ 20,759,000 51.5 % $ 3,226,400 8.0 % $ 4,033,000 10.0 % Tier 1 Capital to Risk Weighted Assets 20,597,000 51.1 % 2,419,800 6.0 % 3,226,400 8.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 20,597,000 51.1 % 1,814,850 4.5 % 2,621,450 6.5 % Tier 1 Capital to Average Assets 20,597,000 30.2 % 2,731,480 4.0 % 3,414,350 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 was authorized to repurchase up to 178,802 shares of its common stock, or approximately 10% of the then-current outstanding shares. Subsequently, on June 22, 2018 the Company announced that its Board of Directors again adopted a stock repurchase program under which the Company is authorized to repurchase up to 83,511 shares of its common stock. As of June 30, 2018, the Company had repurchased, under both authorizations, 127,800 shares.

Employee Stock Ownership Plan (

Employee Stock Ownership Plan ('ESOP')	6 Months Ended
	Jun. 30, 2018
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 and funded 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 based on each active participant’s proportional share of compensation. Compensation expense related to the ESOP was $40,000 and $37,000 for the six months ended June 30, 2018 and 2017, respectively. A summary of the shares held by the ESOP is as follows at June 30, 2018: Six Months Ended June 30,2018 (Unaudited) Allocated Shares 11,440 Shares released for Allocation 2,860 Unallocated Shares 128,742 Total ESOP Shares 143,042 Fair value of Unallocated Shares $ 1,789,514 At June 30, 2018, the fair value of the 14,300 shares allocated, or released for allocation, held by the ESOP was $199,000 and is reported on the balance sheet as mezzanine capital. The fair value of all shares originally purchased on behalf of the ESOP under the loan obligation is $1,988,000.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2018
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 After 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. Professional standards allow entities the irrevocable option to elect to measure certain financial instruments and other items at fair value for the initial and subsequent measurement on an instrument-by-instrument basis. The Company adopted the policy to value certain financial instruments at 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 June 30, 2018 (Unaudited) Securities Available-for-Sale Mortgage Backed Securities $ - $ 4,343,000 $ - $ 4,343,000 Small Business Administration Pools - 836,000 - 836,000 Municipal Obligation - 400,000 - 400,000 Federal Home Loan Mortgage Corp. Stock 24,000 - - 24,000 $ 24,000 $ 5,579,000 $ - $ 5,603,000 December 31, 2017 Securities Available-for-Sale Mortgage Backed Securities $ - $ 4,883,000 $ - $ 4,883,000 Small Business Administration Pools - 885,000 - 885,000 Municipal Obligation - 412,000 - 412,000 Federal Home Loan Mortgage Corp. Stock 40,000 - - 40,000 $ 40,000 $ 6,180,000 $ - $ 6,220,000 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. The following table presents the fair value of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2018 and December 31, 2017: Level 1 Level 2 Level 3 June 30, 2018 (Unaudited) Impaired Loans $ - $ - $ - December 31, 2017 Impaired Loans $ - $ - $ 71,000 The impaired loan above that required Level 3 adjustments during 2017 consisted of a specific valuation allowance of $19,000. 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	6 Months Ended
	Jun. 30, 2018
Investments, All Other Investments [Abstract]
Fair Value of Financial Instruments	NOTE 12 fair value OF FINANCIAL INSTRUMENTS A new requirement regarding the disclosure of fair value of financial instruments carried at amortized cost under Accounting Standards Codification (ASC) Topic 825, to address certain aspects of recognition, measurement, presentation and disclosure of financial instruments, requires a change in how the fair value is determined. Instead of permitting the use of entrance pricing, exit pricing must be used to determine fair value. The estimated fair values, and related carrying or notional amounts, of the Company’s financial instruments are as follows: June 30, 2018 December 31, 2017 (Unaudited) Carrying Fair Carrying Fair Input Amount Value Amount Value Level Financial Assets: Cash and Cash Equivalents $ 2,856,000 $ 2,856,000 $ 2,925,000 $ 2,925,000 1 Certificates of Deposit in Other Financial Institutions 2,976,000 2,976,000 5,699,000 5,699,000 2 FHLB Stock 82,000 82,000 89,000 89,000 2 Loans, net 55,971,000 51,937,000 51,788,000 3 Accrued Interest Receivable 177,000 177,000 163,000 163,000 2 Financial Liabilities: Deposits 42,700,000 41,636,000 41,430,000 3 Accrued Interest Payable - - - - 2

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
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 costs 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 June 30, 2018 and for the three and six months ended June 30, 2018 and 2017 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 June 30, 2018 and for the three and six months ended June 30, 2018 and 2017 contain all adjustments (consisting of only normal recurring accruals) necessary to present fairly the financial position at June 30, 2018, and the results of operations and cash flows for the periods ended June 30, 2018 and 2017 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, Inc. for the year ended December 31, 2017, contained in the 2017 Annual Report on Form 10-K filed with the SEC on March 28, 2018.
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. The Company adopted the accounting standard during the first quarter of 2018, as required. The adoption of the standard resulted in a cumulative–effect adjustment that increased retained earnings by $18,000 with offsetting adjustment to AOCI. 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.
Revenue Recognition Accounting Changes	Revenue Recognition Accounting Changes In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (Topic 606), an amendment that clarifies the principles for recognizing revenue and establishes principles for reporting information about the nature, amount, timing, and uncertainty of revenue and cashflows arising from the entity’s contracts to provide goods or services to customers. Most of our revenue-generating transactions are not subject to ASC 606, including revenue generated from financial instruments, such as our loans, investments and letters of credit. Service charges on deposit accounts, representing general services fees for monthly account maintenance, and transaction-based fee revenue is recognized when our performance is completed which is generally monthly. ASU 2014-09 became effective for us on January 1, 2018 and had no material effect on how we recognize revenue or to our consolidated financial statements and disclosures.
Treasury Stock	Treasury Stock Common stock shares repurchased are recorded at cost. Cost of shares retired or reissued is determined using the first in, first out method.
Reclassification	Reclassification Certain amounts in the 2017 consolidated financial statements have been reclassified to conform to the 2018 presentation. These reclassifications had no effect on net income (loss).
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)	6 Months Ended
	Jun. 30, 2018
Common share data
Schedule of Income (Loss) Per Share	Any shares in the ESOP that have been committed-to-be-released are considered outstanding. Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Basic and Diluted Income (Loss) per Share: Net Income (Loss) $ 49,000 $ (31,000 ) $ (1,000 ) $ (47,000 ) Weighted-Average Basic and Diluted Shares Outstanding 1,530,393 1,640,722 1,536,704 1,644,642 Net Income (Loss) per Share, Basic and Diluted $ 0.03 $ (0.02 ) $ (0.00 ) $ (0.03 )

Certificates of Deposit in Ot21

Certificates of Deposit in Other Financial Institutions (Tables)	6 Months Ended
	Jun. 30, 2018
Deposits:
Schedule of Certificates of Deposit in Other Financial Institutions	Certificates of deposit in other financial institutions are as follows: June 30, 2018 December 31, 2017 (Unaudited) Certificates of Deposit at Cost Maturing In: Less than One Year $ 992,000 $ 2,481,000 One Year to Five Years 1,984,000 3,218,000 $ 2,976,000 $ 5,699,000

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2018
Schedule of Amortized Cost and Estimated Fair Market Value of Investment Securities	The carrying amount and estimated fair value of available-for-sale debt securities are summarized as follows: June 30, 2018 (Unaudited) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage Backed Securities $ 4,563,000 $ - $ (220,000 ) $ 4,343,000 Small Business Administration (“SBA”) Pools 881,000 - (45,000 ) 836,000 Muncipal Obligation 405,000 - (5,000 ) 400,000 Total $ 5,849,000 $ - $ (270,000 ) $ 5,579,000 December 31, 2017 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Mortgage Backed Securities $ 4,994,000 $ - $ (111,000 ) $ 4,883,000 Small Business Administration (“SBA”) Pools 916,000 - (31,000 ) 885,000 Muncipal Obligation 406,000 6,000 - 412,000 Total $ 6,316,000 $ 6,000 $ (142,000 ) $ 6,180,000
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 available-for-sale debt securities as of June 30, 2018 based upon contractual maturity. Amortized Cost Fair Value (Unaudited) Over Ten Years $ 405,000 $ 400,000 Mortgage Backed Securities and SBA Pools with no stated maturity date 5,444,000 5,179,000 Total $ 5,849,000 $ 5,579,000
Schedule of Gross Unrealized Losses	The following tables show securities with gross unrealized losses at June 30, 2018 and December 31, 2017 aggregated by investment category and length of time that individual securities have been in a continuous loss position. June 30, 2018 (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 $ - $ - $ 4,343,000 $ (220,000 ) $ 4,343,000 $ (220,000 ) Small Business Administration Pools - - 836,000 (45,000 ) 836,000 (45,000 ) Muncipal Obligation - - 400,000 (5,000 ) 400,000 (5,000 ) Total $ - $ - $ 5,579,000 $ (270,000 ) $ 5,579,000 $ (270,000 ) December 31, 2017 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 $ 665,000 $ (8,000 ) $ 4,218,000 $ (103,000 ) $ 4,883,000 $ (111,000 ) Small Business Administration Pools - - 885,000 (31,000 ) 885,000 (31,000 ) Muncipal Obligation - - - - - - Total $ 665,000 $ (8,000 ) $ 5,103,000 $ (134,000 ) $ 5,768,000 $ (142,000 )
Equity Securities [Member]
Schedule of Amortized Cost and Estimated Fair Market Value of Investment Securities	The carrying amount and estimated fair value of equity securities are shown below: June 30, 2018 (Unaudited) Amortized Cost Gross Recognized Gains Gross Recognized Losses Fair Value Federal Home Loan Mortgage Corp. Stock $ 15,000 $ 9,000 $ - $ 24,000 Total $ 15,000 $ 9,000 $ - $ 24,000 December 31, 2017 Amortized Cost Gross Recognized Gains Gross Recognized Losses Fair Value Federal Home Loan Mortgage Corp. Stock $ 15,000 $ 25,000 $ - $ 40,000 Total $ 15,000 $ 25,000 $ - $ 40,000

Loans and Allowance for Loan 23

Loans and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2018
Receivables [Abstract]
Schedule of Loans	Loans are summarized as follows: June 30,2018 December 31, 2017 (Unaudited) Commercial Business $ 1,526,000 $ 1,285,000 Commercial and Multi-Family Real Estate 20,596,000 16,503,000 Residential Real Estate 33,321,000 33,753,000 Consumer and Other 800,000 683,000 56,243,000 52,224,000 Allowance for Loan Losses (260,000 ) (273,000 ) Net Deferred Loan Fees (12,000 ) (14,000 ) Loans, Net $ 55,971,000 $ 51,937,000
Schedule of Allowance for Loan Losses	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 June 30, 2018. June 30, 2018 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Allowance for Loan Losses: Balance April 1, 2018 $ 3,000 $ 40,000 $ 200,000 $ 4,000 $ 11,000 $ 258,000 Provision for Loan Losses - 21,000 (18,000 ) - (3,000 ) - Loans Charged-Off - - - - - - Recoveries of Loans Previously Charged-Off - - 2,000 - - 2,000 Balance June 30, 2018 $ 3,000 $ 61,000 $ 184,000 $ 4,000 $ 8,000 $ 260,000 Balance January 1, 2018 $ 3,000 $ 38,000 $ 220,000 $ 3,000 $ 9,000 $ 273,000 Provision for Loan Losses - 23,000 (23,000 ) 1,000 (1,000 ) - Loans Charged-Off - - (16,000 ) - - (16,000 ) Recoveries of Loans Previously Charged-Off - - 3,000 - - 3,000 Balance June 30, 2018 $ 3,000 $ 61,000 $ 184,000 $ 4,000 $ 8,000 $ 260,000 Allowance for Loan Losses: Ending Balance: Individually Evaluated for Impairment $ - $ - $ - $ - $ - $ - Ending Balance: Collectively Evaluated for Impairment $ 3,000 $ 61,000 $ 184,000 $ 4,000 $ 8,000 $ 260,000 Loans: Ending Balance: Individually Evaluated for Impairment $ - $ - $ 120,000 $ - $ 120,000 Ending Balance: Collectively Evaluated for Impairment $ 1,526,000 $ 20,596,000 $ 33,201,000 $ 800,000 $ 56,123,000 The following table presents, by portfolio segment, the activity in the allowance for loan losses for the three and six months ended June 30, 2017: June 30, 2017 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Allowance for Loan Losses: Balance April 1, 2017 $ 2,000 $ 39,000 $ 190,000 $ 3,000 $ 29,000 $ 263,000 Provision for Loan Losses 1,000 (1,000 ) 1,000 - (1,000 ) - Loans Charged-Off - - - - - - Recoveries of Loans Previously Charged-Off - - 1,000 - - 1,000 Balance June 30, 2017 $ 3,000 $ 38,000 $ 192,000 $ 3,000 $ 28,000 $ 264,000 Balance January 1, 2017 $ 3,000 $ 37,000 $ 181,000 $ 3,000 $ 39,000 $ 263,000 Provision for Loan Losses - 1,000 9,000 1,000 (11,000 ) - Loans Charged-Off - - - (1,000 ) - (1,000 ) Recoveries of Loans Previously Charged-Off - - 2,000 - - 2,000 Balance June 30, 2017 $ 3,000 $ 38,000 $ 192,000 $ 3,000 $ 28,000 $ 264,000 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, 2017. December 31, 2017 Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Unallocated Total Allowance for Loan Losses: Ending Balance: Individually Evaluated for Impairment $ - $ - $ 19,000 $ - $ - $ 19,000 Ending Balance: Collectively Evaluated for Impairment $ 3,000 $ 38,000 $ 201,000 $ 3,000 $ 9,000 $ 254,000 Loans: Ending Balance: Individually Evaluated for Impairment $ - $ - $ 101,000 $ - $ 101,000 Ending Balance: Collectively Evaluated for Impairment $ 1,285,000 $ 16,503,000 $ 33,652,000 $ 683,000 $ 52,123,000
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 June 30, 2018 (Unaudited) Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Total Risk Rating: Unclassified $ 1,526,000 $ 20,326,000 $ 32,459,000 $ 800,000 $ 55,111,000 Special Mention - 270,000 547,000 - 817,000 Substandard - - 315,000 - 315,000 Total $ 1,526,000 $ 20,596,000 $ 33,321,000 $ 800,000 $ 56,243,000 Risk Profile by Risk Rating December 31, 2017 Commercial Business Commercial and Multi-Family Real Estate Residential Real Estate Consumer and Other Total Risk Rating: Unclassified $ 1,285,000 $ 16,349,000 $ 32,849,000 $ 683,000 $ 51,166,000 Special Mention - 154,000 620,000 - 774,000 Substandard - - 284,000 - 284,000 Total $ 1,285,000 $ 16,503,000 $ 33,753,000 $ 683,000 $ 52,224,000
Schedule of Loan Portfolio	The following tables show the aging analysis of the loan portfolio by time past due: Accruing Interest June 30, 2018 (Unaudited) Current 30-89 Days Past Due 90 Days or More Past Due Total Nonaccrual Toal Loans Commercial Business $ 1,526,000 $ - $ - $ - $ 1,526,000 Commercial and Multi-Family Real Estate 20,596,000 - - - 20,596,000 Residential Real Estate 32,607,000 520,000 74,000 120,000 33,321,000 Consumer and Other 800,000 - - - 800,000 $ 55,529,000 $ 520,000 $ 74,000 $ 120,000 $ 56,243,000 December 31, 2017 Commercial Business $ 1,285,000 $ - $ - $ - $ 1,285,000 Commercial and Multi-Family Real Estate 16,503,000 - - - 16,503,000 Residential Real Estate 33,346,000 306,000 71,000 30,000 33,753,000 Consumer and Other 683,000 - - - 683,000 $ 51,817,000 $ 306,000 $ 71,000 $ 30,000 $ 52,224,000
Schedule of Impaired Loans	The following tables present information related to impaired loans: June 30, 2018 (Unaudited) Recorded Investment Unpaid Principal Balance Related Allowance Loans With No Related Allowance Recorded: Residential Real Estate $ 120,000 $ 121,000 $ - Total Loans With No Related Allowance Recorded $ 120,000 $ 121,000 $ - Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - Total Impaired Loans: Residential Real Estate $ 120,000 $ 121,000 $ - Total $ 120,000 $ 121,000 $ - December 31, 2017 Recorded Investment Unpaid Principal Balance Related Allowance Loans With No Related Allowance Recorded: 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 $ 71,000 $ 71,000 $ 19,000 Total Impaired Loans: Residential Real Estate $ 101,000 $ 103,000 $ 19,000 Total $ 101,000 $ 103,000 $ 19,000 Three Months Ended Six Months Ended June 30, 2018 (Unaudited) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans With No Related Allowance Recorded: Residential Real Estate $ 120,000 $ 1,000 $ 52,000 $ 3,000 Total Loans With No Related Allowance Recorded $ 120,000 $ 1,000 $ 52,000 $ 3,000 Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - $ - Total Impaired Loans: Residential Real Estate $ 120,000 $ 1,000 $ 52,000 $ 3,000 Total $ 120,000 $ 1,000 $ 52,000 $ 3,000 June 30, 2017 (Unaudited) Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized Loans With No Related Allowance Recorded: Residential Real Estate $ 74,000 $ - $ 115,000 $ 1,000 Total Loans With No Related Allowance Recorded $ 74,000 $ - $ 115,000 $ 1,000 Loans With an Allowance Recorded: Residential Real Estate $ - $ - $ - $ - Total Impaired Loans: Residential Real Estate $ 74,000 $ - $ 115,000 $ 1,000 Total $ 74,000 $ - $ 115,000 $ 1,000

Foreclosed Assets (Tables)

Foreclosed Assets (Tables)	6 Months Ended
	Jun. 30, 2018
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Schedule of Foreclosed Assets	Activity in foreclosed assets is as follows: Six Months Ended June 30, 2018 2017 (Unaudited) Balance Beginning of Period $ - $ 26,000 Additions 71,000 82,000 Proceeds from Sale, Net - (130,000 ) Gain (Loss) on Sale - 22,000 Balance at End of Period $ 71,000 $ -

Financial Instruments With Of25

Financial Instruments With Off-Balance Sheet Risk (Tables)	6 Months Ended
	Jun. 30, 2018
Risks and Uncertainties [Abstract]
Schedule of Financial Instruments Contract Amount	The following financial instruments whose contract amount represents credit risk were approximately as follows: June 30, 2018 December 31, 2017 (Unaudited) Commitments to Extend Credit $ 5,405,000 $ 3,759,000 Standby Letters of Credit - Total $ 5,405,000 $ 3,759,000 Range of Rates on Fixed Rate Commitments 2.25-6.25 % 2.00-6.00 %

Stockholders' Equity and Regu26

Stockholders' Equity and Regulatory Matters (Tables)	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 (Unaudited) Total Capital to Risk Weighted Assets $ 20,978,000 44.9 % $ 3,650,880 8.0 % $ 4,563,600 10.0 % Tier 1 Capital to Risk Weighted Assets 20,718,000 44.3 % 2,738,160 6.0 % 3,650,880 8.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 20,718,000 44.3 % 2,053,620 4.5 % 2,966,340 6.5 % Tier 1 Capital to Average Assets 20,718,000 30.7 % 2,700,800 4.0 % 3,376,000 5.0 % December 31, 2017 Total Capital to Risk Weighted Assets $ 20,759,000 51.5 % $ 3,226,400 8.0 % $ 4,033,000 10.0 % Tier 1 Capital to Risk Weighted Assets 20,597,000 51.1 % 2,419,800 6.0 % 3,226,400 8.0 % Common Equity Tier 1 Capital to Risk Weighted Assets 20,597,000 51.1 % 1,814,850 4.5 % 2,621,450 6.5 % Tier 1 Capital to Average Assets 20,597,000 30.2 % 2,731,480 4.0 % 3,414,350 5.0 %

Employee Stock Ownership Plan27

Employee Stock Ownership Plan ('ESOP') (Tables)	6 Months Ended
	Jun. 30, 2018
Retirement Benefits [Abstract]
Schedule of Employee Stock Ownership Plan	A summary of the shares held by the ESOP is as follows at June 30, 2018: Six Months Ended June 30,2018 (Unaudited) Allocated Shares 11,440 Shares released for Allocation 2,860 Unallocated Shares 128,742 Total ESOP Shares 143,042 Fair value of Unallocated Shares $ 1,789,514

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2018
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 June 30, 2018 (Unaudited) Securities Available-for-Sale Mortgage Backed Securities $ - $ 4,343,000 $ - $ 4,343,000 Small Business Administration Pools - 836,000 - 836,000 Municipal Obligation - 400,000 - 400,000 Federal Home Loan Mortgage Corp. Stock 24,000 - - 24,000 $ 24,000 $ 5,579,000 $ - $ 5,603,000 December 31, 2017 Securities Available-for-Sale Mortgage Backed Securities $ - $ 4,883,000 $ - $ 4,883,000 Small Business Administration Pools - 885,000 - 885,000 Municipal Obligation - 412,000 - 412,000 Federal Home Loan Mortgage Corp. Stock 40,000 - - 40,000 $ 40,000 $ 6,180,000 $ - $ 6,220,000
Schedule of Impairment Losses Including in Nonrecurring Basis	The following table presents the fair value of assets measured at fair value on a nonrecurring basis and the level within the fair value hierarchy in which the fair value measurements fall at June 30, 2018 and December 31, 2017: Level 1 Level 2 Level 3 June 30, 2018 (Unaudited) Impaired Loans $ - $ - $ - December 31, 2017 Impaired Loans $ - $ - $ 71,000

Fair Value of Financial Instr29

Fair Value of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2018
Investments, All Other Investments [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: June 30, 2018 December 31, 2017 (Unaudited) Carrying Fair Carrying Fair Input Amount Value Amount Value Level Financial Assets: Cash and Cash Equivalents $ 2,856,000 $ 2,856,000 $ 2,925,000 $ 2,925,000 1 Certificates of Deposit in Other Financial Institutions 2,976,000 2,976,000 5,699,000 5,699,000 2 FHLB Stock 82,000 82,000 89,000 89,000 2 Loans, net 55,971,000 51,937,000 51,788,000 3 Accrued Interest Receivable 177,000 177,000 163,000 163,000 2 Financial Liabilities: Deposits 42,700,000 41,636,000 41,430,000 3 Accrued Interest Payable - - - - 2

Summary of Significant Accoun30

Summary of Significant Accounting Policies (Details Narrative) - USD ($)	Jan. 12, 2016	Dec. 31, 2016	Jun. 30, 2018
Summary Of Significant Accounting Policies [Line Items]
Ownership percentage			100.00%
Adjustment to accumulated other comprehensive income			$ 18,000
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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Common share data
Net Income (Loss)	$ 49,000	$ (31,000)	$ (1,000)	$ (47,000)
Weighted-Average Basic and Diluted Shares Outstanding	1,530,393	1,640,722	1,536,704	1,644,642
Net Income (Loss) per Share, Basic and Diluted	$ 0.03	$ (0.02)		$ (0.03)

Certificates of Deposit in Ot32

Certificates of Deposit in Other Financial Institutions - Schedule of Certificates of Deposit in Other Financial Institutions (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Deposits:
Less than One Year	$ 992,000	$ 2,481,000
One Year to Five Years	1,984,000	3,218,000
Certificates of Deposit at Cost	$ 2,976,000	$ 5,699,000

Securities (Details Narrative)

Securities (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Fair value of investments	$ 5,579,000	$ 5,768,000
Percentage on fair value of investments	100.00%	93.00%
Net losses	$ 15,000
Securities pledged as collateral

Securities - Schedule of Amorti

Securities - Schedule of Amortized Cost and Estimated Fair Market Value of Investment Securities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Gross Unrealized Gains		$ 6,000
Gross Unrealized Losses	(270,000)	(142,000)
Fair Value	5,603,000	6,220,000
Mortgage Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,563,000	4,994,000
Gross Unrealized Gains
Gross Unrealized Losses	(220,000)	(111,000)
Fair Value	4,343,000	4,883,000
Small Business Administration (SBA) Pools [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	881,000	916,000
Gross Unrealized Gains
Gross Unrealized Losses	(45,000)	(31,000)
Fair Value	836,000	885,000
Muncipal Obligation [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	405,000	406,000
Gross Unrealized Gains		6,000
Gross Unrealized Losses	(5,000)
Fair Value	400,000	412,000
Available for Sale Debt Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	5,849,000	6,316,000
Fair Value	5,579,000	6,180,000
Federal Home Loan Mortgage Corp. Stock [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	15,000	15,000
Gross Recognized Gains	9,000	25,000
Gross Recognized Losses
Fair Value	24,000	40,000
Equity Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	15,000	15,000
Gross Recognized Gains	9,000	25,000
Gross Recognized Losses
Fair Value	$ 24,000	$ 40,000

Securities - Schedule of Amor35

Securities - Schedule of Amortized Cost and Estimated Fair Value of Securities Available for Sale (Details)	Jun. 30, 2018USD ($)
Investments, Debt and Equity Securities [Abstract]
Amortized Cost, Over Ten Years	$ 405,000
Amortized Cost, Mortgage Backed Securities and SBA Pools with no stated maturity date	5,444,000
Total	5,849,000
Fair Value, Over Ten Years	400,000
Fair Value, Mortgage Backed Securities and SBA Pools with no stated maturity date	5,179,000
Fair value amortized cost of securities available for sale	$ 5,579,000

Securities - Schedule of Gross

Securities - Schedule of Gross Unrealized Losses (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, estimated fair value		$ 665,000
Less than 12 months, gross unrealized losses		(8,000)
12 months or more, estimated fair value	5,579,000	5,103,000
12 months or more, unrealized loss	(270,000)	(134,000)
Total, estimated fair value	5,579,000	5,768,000
Total unrealized loss	(270,000)	(142,000)
Mortgage Backed Securities [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, estimated fair value		665,000
Less than 12 months, gross unrealized losses		(8,000)
12 months or more, estimated fair value	4,343,000	4,218,000
12 months or more, unrealized loss	(220,000)	(103,000)
Total, estimated fair value	4,343,000	4,883,000
Total unrealized loss	(220,000)	(111,000)
Small Business Administration (SBA) Pools [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, estimated fair value
Less than 12 months, gross unrealized losses
12 months or more, estimated fair value	836,000	885,000
12 months or more, unrealized loss	(45,000)	(31,000)
Total, estimated fair value	836,000	885,000
Total unrealized loss	(45,000)	(31,000)
Muncipal Obligation [Member]
Debt Securities, Available-for-sale [Line Items]
Less than 12 months, estimated fair value
Less than 12 months, gross unrealized losses
12 months or more, estimated fair value	400,000
12 months or more, unrealized loss	(5,000)
Total, estimated fair value	400,000
Total unrealized loss	$ (5,000)

Loans and Allowance for Loan 37

Loans and Allowance for Loan Losses (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	$ 56,243,000		$ 52,224,000
Interest income recorded for nonaccrual loans	3,000	$ 1,000
Interest income recognized on nonaccrual loans		$ 1,000
One-To Four-Family Nonowner Occupied Properties [Member] | Commercial Real Estate Portfolio Segment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	8,924,000		9,190,000
Construction Loans [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, gross	5,689,000		2,076,000
Loans in process	$ 3,307,000		$ 1,330,000

Loans and Allowance for Loan 38

Loans and Allowance for Loan Losses - Schedule of Loans (Details) - USD ($)	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	$ 56,243,000		$ 52,224,000
Allowance for Loan Losses	(260,000)	$ (258,000)	(273,000)	$ (264,000)	$ (263,000)	$ (263,000)
Net Deferred Loan Fees	(12,000)		(14,000)
Loans, Net	55,971,000		51,937,000
Commercial Business [Member] | Commercial Portfolio Segment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	1,526,000		1,285,000
Allowance for Loan Losses	(3,000)	(3,000)	(3,000)	(3,000)	(2,000)
Commercial and Multi-Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	20,596,000		16,503,000
Residential Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	33,321,000		33,753,000
Allowance for Loan Losses	(184,000)	(200,000)	(220,000)	(192,000)	(190,000)	(181,000)
Consumer and Other [Member] | Consumer Portfolio Segment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans, gross	800,000		683,000
Allowance for Loan Losses	$ (4,000)	$ (4,000)	$ (3,000)	$ (3,000)	$ (3,000)	$ (3,000)

Loans and Allowance for Loan 39

Loans and Allowance for Loan Losses - Schedule of Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	$ 258,000	$ 263,000	$ 273,000	$ 263,000
Provision for Loan Losses
Loans Charged-Off			(16,000)	(1,000)
Recoveries of Loans Previously Charged-Off	2,000	1,000	3,000	2,000
Balance at End of Year	260,000	264,000	260,000	264,000
Ending Balance: Individually Evaluated for Impairment					$ 19,000
Ending Balance: Collectively Evaluated for Impairment	260,000		260,000		254,000
Ending Balance: Individually Evaluated for Impairment	120,000		120,000		101,000
Ending Balance: Collectively Evaluated for Impairment	56,123,000		56,123,000		52,123,000
Unallocated Financing Receivables [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year			9,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment					9,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment
Commercial Business [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	3,000	2,000	3,000
Provision for Loan Losses		1,000
Loans Charged-Off
Recoveries of Loans Previously Charged-Off
Balance at End of Year	3,000	3,000	3,000	3,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	3,000		3,000		3,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	1,526,000		1,526,000		1,285,000
Commercial and Multi-Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	40,000	39,000	38,000	37,000
Provision for Loan Losses	21,000	(1,000)	23,000	1,000
Loans Charged-Off
Recoveries of Loans Previously Charged-Off
Balance at End of Year	61,000	38,000	61,000	38,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	61,000		61,000		38,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	20,596,000		20,596,000		16,503,000
Residential Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	200,000	190,000	220,000	181,000
Provision for Loan Losses	(18,000)	1,000	(23,000)	9,000
Loans Charged-Off			(16,000)
Recoveries of Loans Previously Charged-Off	2,000	1,000	3,000	2,000
Balance at End of Year	184,000	192,000	184,000	192,000
Ending Balance: Individually Evaluated for Impairment					19,000
Ending Balance: Collectively Evaluated for Impairment	184,000		184,000		201,000
Ending Balance: Individually Evaluated for Impairment	120,000		120,000		101,000
Ending Balance: Collectively Evaluated for Impairment	33,201,000		33,201,000		33,652,000
Consumer and Other [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	4,000	3,000	3,000	3,000
Provision for Loan Losses			1,000	1,000
Loans Charged-Off				(1,000)
Recoveries of Loans Previously Charged-Off
Balance at End of Year	4,000	3,000	4,000	3,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	4,000		4,000		3,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	800,000		800,000		$ 683,000
Unallocated [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year	11,000	29,000	9,000	39,000
Provision for Loan Losses	(3,000)	(1,000)	(1,000)	(11,000)
Loans Charged-Off
Recoveries of Loans Previously Charged-Off
Balance at End of Year	8,000	$ 28,000	8,000	28,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment	8,000		8,000
Ending Balance: Individually Evaluated for Impairment
Ending Balance: Collectively Evaluated for Impairment
Commercial Business [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Balance at Beginning of Year				3,000
Provision for Loan Losses
Loans Charged-Off
Recoveries of Loans Previously Charged-Off

Loans and Allowance for Loan 40

Loans and Allowance for Loan Losses - Schedule of Loans Allocated by Management's Internal Risk Ratings (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 56,243,000	$ 52,224,000
Special Mention [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	817,000	774,000
Substandard [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	315,000	284,000
Unclassified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	55,111,000	51,166,000
Commercial Business [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,526,000	1,285,000
Commercial Business [Member] | Unclassified [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	1,526,000	1,285,000
Commercial Business [Member] | Special Mention [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial Business [Member] | Substandard [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial and Multi-Family Real Estate [Member] | Unclassified [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	20,326,000	16,349,000
Commercial and Multi-Family Real Estate [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	270,000	154,000
Commercial and Multi-Family Real Estate [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Commercial and Multi-Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	20,596,000	16,503,000
Residential Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	33,321,000	33,753,000
Residential Real Estate [Member] | Unclassified [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	32,459,000	32,849,000
Residential Real Estate [Member] | Special Mention [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	547,000	620,000
Residential Real Estate [Member] | Substandard [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	315,000	284,000
Consumer and Other [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	800,000	683,000
Consumer and Other [Member] | Special Mention [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Consumer and Other [Member] | Substandard [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross
Consumer and Other [Member] | Unclassified [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross	$ 800,000	683,000
Commercial Business [Member] | Substandard [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans and Leases Receivable, Gross

Loans and Allowance for Loan 41

Loans and Allowance for Loan Losses - Schedule of Loan Portfolio (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	$ 55,529,000	$ 51,817,000
Total Nonaccrual	120,000	30,000
Loans gross, Total	56,243,000	52,224,000
Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest	520,000	306,000
Financing Receivables, 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest	74,000	71,000
Commercial Business [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	1,526,000	1,285,000
Total Nonaccrual
Loans gross, Total	1,526,000	1,285,000
Commercial Business [Member] | Commercial Portfolio Segment [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest
Commercial Business [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest
Commercial and Multi-Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	20,596,000	16,503,000
Total Nonaccrual
Loans gross, Total	20,596,000	16,503,000
Commercial and Multi-Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest
Commercial and Multi-Family Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest
Residential Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	32,607,000	33,334,000
Total Nonaccrual	120,000	30,000
Loans gross, Total	33,321,000	33,753,000
Residential Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest	520,000	306,000
Residential Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member] | Financing Receivables, 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest	74,000	71,000
Consumer and Other [Member] | Consumer Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Current	800,000	683,000
Total Nonaccrual
Loans gross, Total	800,000	683,000
Consumer and Other [Member] | Consumer Portfolio Segment [Member] | Financing Receivables 30 To 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest
Consumer and Other [Member] | Consumer Portfolio Segment [Member] | Financing Receivables, 90 Days or More Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Accruing Interest

Loans and Allowance for Loan 42

Loans and Allowance for Loan Losses - Schedule of Impaired Loans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Financing Receivable, Impaired [Line Items]
Loans With No Related Allowance Recorded, Recorded Investment	$ 120,000		$ 120,000		$ 30,000
Loans With No Related Allowance Recorded, Unpaid Principal Balance	121,000		121,000		32,000
Loans With No Related Allowance Recorded, Related Allowance
Loans With No Related Allowance Recorded, Average Recorded Investment	120,000		52,000	$ 1,000
Loans With No Related Allowance Recorded, Interest Income Recognized	1,000		3,000	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
Loans With an Allowance Recorded, Interest Income Recognized
Total Impaired Loans, Recorded Investment	120,000		120,000		101,000
Total Impaired Loans, Unpaid Principal Balance	121,000		121,000		103,000
Total Impaired Loans, Related allowance					19,000
Total Impaired Loans, Average Recorded Investment	120,000		52,000	1,000
Total Impaired Loans, Interest Income Recognized	1,000		3,000	1,000
Residential Real Estate [Member] | Commercial Real Estate Portfolio Segment [Member]
Financing Receivable, Impaired [Line Items]
Loans With No Related Allowance Recorded, Recorded Investment	120,000		120,000		30,000
Loans With No Related Allowance Recorded, Unpaid Principal Balance	121,000		121,000		32,000
Loans With No Related Allowance Recorded, Related Allowance
Loans With No Related Allowance Recorded, Average Recorded Investment	120,000	74,000	52,000	115,000
Loans With No Related Allowance Recorded, Interest Income Recognized	1,000	74,000	3,000	115,000
Loans With an Allowance Recorded, Recorded investment					71,000
Loans With an Allowance Recorded, Unpaid Principal Balance					71,000
Loans With an Allowance Recorded, Related Allowance					19,000
Loans With an Allowance Recorded, Average Recorded Investment
Loans With an Allowance Recorded, Interest Income Recognized
Total Impaired Loans, Recorded Investment	120,000		120,000		101,000
Total Impaired Loans, Unpaid Principal Balance	121,000		121,000		103,000
Total Impaired Loans, Related allowance					$ 19,000
Total Impaired Loans, Average Recorded Investment	120,000	74,000	52,000	115,000
Total Impaired Loans, Interest Income Recognized	$ 1,000	$ 74,000	$ 3,000	$ 115,000

Foreclosed Assets - Schedule of

Foreclosed Assets - Schedule of Foreclosed Assets (Details) - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
Other Real Estate, Foreclosed Assets, and Repossessed Assets [Abstract]
Balance Beginning of Period		$ 26,000
Additions	71,000	82,000
Proceeds from Sale, Net		(130,000)
Gain (Loss) on Sale		22,000
Balance at End of Period	$ 71,000

Financial Instruments With Of44

Financial Instruments With Off-Balance Sheet Risk - Schedule of Financial Instruments Contract Amount (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total financial instruments with off-balance sheet risk	$ 5,405,000	$ 3,759,000
Minimum [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Range of Rates on Fixed Rate Commitments	2.25%	2.00%
Maximum [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Range of Rates on Fixed Rate Commitments	6.25%	6.00%
Commitments to Extend Credit [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Total financial instruments with off-balance sheet risk	$ 5,405,000	$ 3,759,000
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) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2016
Income Taxes [Line Items]
Net operating loss carryforwards	$ 300,000
Net operating loss carryforward expire period	Dec. 31, 2036
Central Federal Community Foundation [Member]
Income Taxes [Line Items]
Payments for funding charitable foundation		$ 100,000
Value of shares issued to charitable organization		$ 687,700
Number of shares issued to charitable organization		68,770
Stock price per share		$ 10
Total contribution of charitable organization		$ 787,700

Stockholders' Equity and Regu46

Stockholders' Equity and Regulatory Matters (Details Narrative) - shares	Jun. 22, 2018	Apr. 05, 2017	Jun. 30, 2018
Capital conservation buffer above risk-based capital ratios			2.50%
Risk-weighted assets			0.625%
Maximum number of shares repurchased	83,511	178,802
Maximum number of shares repurchased percentage		10.00%
Board of Directors [Member]
Maximum number of shares repurchased			127,800

Stockholders' Equity and Regu47

Stockholders' Equity and Regulatory Matters - Schedule of Association's Capital Amounts and Ratios (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Regulated Operations [Abstract]
Total Capital to Risk Weighted Assets, Actual Amount	$ 20,978,000	$ 20,759,000
Total Capital to Risk Weighted Assets, Actual Ratio	44.90%	51.50%
Total Capital to Risk Weighted Assets, Minimum Capital Requirement Amount	$ 3,650,880	$ 3,226,000
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	$ 4,563,600	$ 4,033,000
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	$ 20,718,000	$ 20,597,000
Tier I Capital to Risk Weighted Assets, Actual Ratio	44.30%	51.10%
Tier I Capital to Risk Weighted Assets, Minimum Capital Requirement Amount	$ 2,738,160	$ 2,419,800
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	$ 3,650,880	$ 3,226,400
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	$ 20,718,000	$ 20,597,000
Common Equity Tier I Capital to Risk Weighted Assets, Actual Ratio	44.30%	51.10%
Common Equity Tier I Capital to Risk Weighted Assets, Minimum Capital Requirement Amount	$ 2,053,620	$ 1,814,850
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	$ 2,966,340	$ 2,621,450
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	$ 20,718,000	$ 20,597,000
Tier I Capital to Average Assets, Actual Ratio	30.70%	30.20%
Tier I Capital to Average Assets, Minimum Capital Requirement Amount	$ 2,700,800	$ 2,731,480
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	$ 3,376,000	$ 3,414,350
Tier I Capital to Average Assets, Minimum to be Well Capitalized Ratio	5.00%	5.00%

Employee Stock Ownership Plan48

Employee Stock Ownership Plan ('ESOP') (Details Narrative)	6 Months Ended
	Jun. 30, 2018USD ($)Integershares	Jun. 30, 2017USD ($)	Jan. 12, 2016shares
Funding of ESOP of common stock | shares	143,042
Term of employee stock ownership plan | Integer	100
ESOP of common stock percentage interest rate	3.50%
Compensation expense | $	$ 40,000	$ 37,000
Number of shares held by ESOP | shares	14,300
Number of shares held by ESOP, value | $	$ 199,000
Fair value of shares subject to repurchase obligation | $	$ 1,988,000
ESOP [Member]
Funding of ESOP of common stock | shares			143,042

Employee Stock Ownership Plan49

Employee Stock Ownership Plan ('ESOP') - Schedule of Employee Stock Ownership Plan (Details)	Jun. 30, 2018USD ($)shares
Retirement Benefits [Abstract]
Allocated Shares	11,440
Shares released for Allocation	2,860
Unallocated Shares	128,742
Total ESOP Shares	143,042
Fair value of unallocated shares | $	$ 1,789,514

Fair Value Measurements (Detail

Fair Value Measurements (Details Narrative)	6 Months Ended
	Jun. 30, 2018USD ($)
Fair Value Measurements Details Narrative Abstract
Impaired loans on valuation allowance	$ 19,000

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Balances of Assets and Liabilities Measured at Fair Value On a Recurring Basis (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	$ 5,603,000	$ 6,220,000
Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	4,343,000	4,883,000
Small Business Administration (SBA) Pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	836,000	885,000
Municipal Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	400,000	412,000
Federal Home Loan Mortgage Corp. Stock [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	24,000	40,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	24,000	40,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [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, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member] | Municipal Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [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	24,000	40,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	5,579,000	6,180,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	4,343,000	4,883,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Small Business Administration (SBA) Pools [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	836,000	885,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Municipal Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale	400,000	412,000
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [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, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [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, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member] | Municipal Obligation [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Securities Available-for-Sale
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [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 ($)	Jun. 30, 2018	Dec. 31, 2017
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		$ 71,000

Fair Value of Financial Instr53

Fair Value of Financial Instruments - Schedule of Fair Value of Financial Instruments (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	$ 2,856,000	$ 2,925,000	$ 4,016,000	$ 12,199,000
Certificates of Deposit in Other Financial Institutions	2,976,000	5,699,000
FHLB Stock	82,000	89,000
Loans, net	55,971,000	51,937,000
Accrued Interest Receivable	177,000	163,000
Deposits	42,700,000	41,636,000
Accrued Interest Payable	6,000
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents	2,856,000	2,925,000
Certificates of Deposit in Other Financial Institutions	2,976,000	5,699,000
FHLB Stock	82,000	89,000
Loans, net		51,788,000
Accrued Interest Receivable	177,000	163,000
Deposits		41,430,000
Accrued Interest Payable