NOTE 8 – FHLB ADVANCES AND OTHER DEBT

Each FHLB advance is payable at its maturity date, with a prepayment penalty for fixed-rate advances.

Based on the collateral pledged to the FHLB, CFBank was eligible to borrow up to a total of $250,833 from the FHLB at March 31, 2026 inclusive of the amount outstanding.

There were no outstanding borrowings from the Federal Reserve Bank (“FRB”) at March 31, 2026 and December 31, 2025.

Based on the collateral pledged, CFBank was eligible to borrow up to $137,217 from the FRB at March 31, 2026.

At March 31, 2026, CFBank had availability in unused lines of credit at two commercial banks in amounts of $50,000 and $15,000. There were no outstanding borrowings on either line at March 31, 2026 and December 31, 2025. Interest on any principal amounts outstanding from time to time under these lines accrues daily at a variable rate based on the commercial bank’s cost of funds and current market returns.

The Holding Company has a credit facility with a third-party bank. Prior to April 30, 2025, the credit facility had a borrowing limit of $35,000 with a revolving feature until May 21, 2024, at which time the outstanding balance was converted to a 10-year term note on a graduated 10-year amortization. Borrowings on the credit facility bore interest at a fixed rate of 3.85% until May 21, 2026, at which time the interest rate would convert to a floating rate equal to PRIME with a floor of 3.25%. Effective April 30, 2025, an additional $10,000 revolving line of credit was added to the credit facility and the interest rate was amended to reset the fixed rate to 6.00% until May 21, 2026, at which time the rate will convert to a floating rate equal to PRIME. The $10,000 revolving line of credit matures on April 30, 2027. The revolving line of credit provided an additional $10,000 that was injected as additional Tier 1 capital into CFBank during the second quarter of 2025. At March 31, 2026, the Company had an outstanding balance, net of unamortized debt issuance costs, of $42,973 on the facility.