Central Federal Bancshares Inc is a bank holding company. The company's primary business activity is the ownership of the outstanding capital stock of Central Federal. It provides banking products and services.The company's deposit instruments include non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, including NOW and money market accounts; statement savings accounts; and certificates of deposit. Its loan portfolio comprises real estate loans consisting of owner-occupied and non-owner occupied one-to-four-family loans, one-to four-family construction loans, home equity lines of credit and other junior lien loans, and land loans; commercial and multi-family real estate loans.