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Holding Company Condensed Financial Information | 12 Months Ended
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Dec. 31, 2020
Holding Company Condensed Financial Information |
Holding Company Condensed Financial Information | NOTE 23: Holding Company Condensed Financial Information ​ The following tables present the condensed balance sheets as of December 31, 2020 and 2019 and the condensed statements of comprehensive income and cash flows for the years ended December 31, 2020, 2019 and 2018 for the Corporation on a standalone basis: ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
(Dollars in thousands) |  | 2020 |  | 2019 |
Condensed Balance Sheets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 21,272 | ​ | $ | 11,464 | ​
Other assets | ​ |  | 22,680 | ​ |  | 17,687 | ​
Investment in C&F Bank | ​ |  | 218,148 | ​ |  | 175,254 | ​
Total assets | ​ | $ | 262,100 | ​ | $ | 204,405 | ​
Liabilities and shareholders’ equity | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trust preferred capital notes | ​ | $ | 25,316 | ​ | $ | 25,281 | ​
Long-term borrowings | ​ | ​ | 24,093 | ​ | ​ | — | ​
Other liabilities | ​ |  | 18,886 | ​ |  | 14,326 | ​
Shareholders’ equity | ​ |  | 193,805 | ​ |  | 164,798 | ​
Total liabilities and shareholders’ equity | ​ | $ | 262,100 | ​ | $ | 204,405 | ​
​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
(Dollars in thousands) |  | 2020 |  | 2019 |  | 2018 |
Condensed Statements of Comprehensive Income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense on borrowings | ​ | $ | (1,611) | ​ | $ | (1,135) | ​ | $ | (1,152) | ​
Dividends received from C&F Bank | ​ |  | 8,746 | ​ |  | 22,632 | ​ |  | 6,312 | ​
Equity in undistributed net income of C&F Bank | ​ |  | 15,373 | ​ |  | (1,697) | ​ |  | 13,228 | ​
Other income | ​ |  | 2,041 | ​ |  | 2,108 | ​ |  | 45 | ​
Other expenses | ​ |  | (2,432) | ​ |  | (3,049) | ​ |  | (413) | ​
Net income | ​ | ​ | 22,117 | ​ | ​ | 18,859 | ​ | ​ | 18,020 | ​
Other comprehensive income (loss), net of tax | ​ | ​ | 294 | ​ | ​ | 2,423 | ​ | ​ | (2,785) | ​
Comprehensive income | ​ | $ | 22,411 | ​ | $ | 21,282 | ​ | $ | 15,235 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
(Dollars in thousands) |  | 2020 |  | 2019 |  | 2018 |
Condensed Statements of Cash Flows | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by operating activities | ​ | $ | 8,141 | ​ | $ | 20,674 | ​ | $ | 5,801 | ​
Investing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Acquisition of Peoples Bankshares, Inc. | ​ |  | (10,084) | ​ |  | — | ​ |  | — | ​
Swap collateral, net | ​ | ​ | (1,710) | ​ | ​ | (150) | ​ | ​ | — | ​
Net cash used in investing activities | ​ |  | (11,794) | ​ |  | (150) | ​ |  | — | ​
Financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Proceeds from borrowings | ​ | ​ | 19,924 | ​ | ​ | — | ​ | ​ | — | ​
Common stock repurchases | ​ | ​ | (1,061) | ​ | ​ | (4,385) | ​ | ​ | (1,105) | ​
Cash dividends | ​ |  | (5,546) | ​ |  | (5,131) | ​ |  | (4,931) | ​
Other financing activities, net | ​ |  | 144 | ​ |  | 140 | ​ |  | 144 | ​
Net cash provided by (used in) financing activities | ​ |  | 13,461 | ​ |  | (9,376) | ​ |  | (5,892) | ​
Net increase (decrease) in cash and cash equivalents | ​ |  | 9,808 | ​ |  | 11,148 | ​ |  | (91) | ​
Cash at beginning of year | ​ |  | 11,464 | ​ |  | 316 | ​ |  | 407 | ​
Cash at end of year | ​ | $ | 21,272 | ​ | $ | 11,464 | ​ | $ | 316 | ​
​

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- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI http://asc.fasb.org/extlink&oid=120391182&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=108774443&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
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