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Related Party Transactions
 12 Months Ended
Dec. 31, 2020
Related Party Transactions  
Related Party Transactions

NOTE 16: Related Party Transactions

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Loans outstanding to the Corporation’s management, including directors and senior officers and certain of their affiliates, totaled $2.17 million and $2.26 million at December 31, 2020 and 2019, respectively. For the year ended December 31, 2020, the Corporation named new directors with loans outstanding at C&F Bank of $6,000, made $53,000 new loan advances to directors and senior officers, and received repayments totaling $148,000. Total deposits of directors and senior officers and their related interests were $5.81 million and $7.21 million at December 31, 2020 and 2019, respectively.  In the opinion of management, these transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates, collateral and repayment terms, as those prevailing at the same time for comparable transactions with unrelated persons, and, in the opinion of management and the Corporation’s Board of Directors, do not involve more than normal risk or present other unfavorable features.

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