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Central Federal reports quarterly results.

Global Banking News-May 15, 2015--Central Federal reports quarterly results

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Global Banking News - 15 May 2015

Central Federal Corporation (NASDAQ: CFBK) has reported that net income for the three months ended March 31, 2015 totalled USD251,000 and increased USD465,000 compared to a net loss of USD214,000 for the three months ended March 31, 2014.

Net income attributable to common stockholders for the three months ended March 31, 2015, totalled USD37,000, or USD0.00 per diluted common share, and increased USD251,000 compared to a net loss attributable to common stockholders of USD214,000, or USD0.01 per diluted common share, for the three months ended March 31, 2014.

For the three months ended March 31, 2015, preferred dividends on the Series B Preferred Stock and accretion of discount reduced net income attributable to common stockholders by USD214,000. There was no preferred stock outstanding at March 31, 2014.

Assets totalled USD317.9m at March 31, 2015, and increased USD2.3m, or 0.7 percent, from USD315.6 million at December 31, 2014.

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Publication:Global Banking News (GBN)
Date:May 15, 2015
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