CF Bankshares (CFBK) - 2024 Q1 - Quarterly Report

40 43 Currently, the annual debt service on the Company's $10 million of fixed-to-floating rate subordinated notes is $970,000. The subordinated notes initially bore a fixed rate of 7.00% until December 2023, and now the interest rate resets quarterly to a rate equal to the current three-month SOFR plus 4.402%, which was 9.70% at March 31, 2024. (a) None. (b) Not applicable. (c) The following table provides information concerning purchases of the Holding Company's shares of common stock made by or on behalf ...