XML 23 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Interest income      
Interest and fees on loans $ 90,992 $ 87,519 $ 84,529
Interest on interest-bearing deposits and federal funds sold 713 2,179 2,097
Interest and dividends on securities      
U.S. government agencies and corporations 463 427 361
Mortgage-backed securities 2,109 2,210 2,314
Tax-exempt obligations of states and political subdivisions 1,984 2,110 2,725
Taxable obligations of states and political subdivisions 406 358 319
Other 246 207 203
Total interest income 96,913 95,010 92,548
Interest expense      
Savings and interest-bearing deposits 1,614 2,298 1,601
Time deposits 8,020 6,796 4,085
Borrowings 2,592 4,327 4,189
Trust preferred capital notes 1,156 1,135 1,152
Total interest expense 13,382 14,556 11,027
Net interest income 83,531 80,454 81,521
Provision for loan losses 11,080 8,515 11,006
Net interest income after provision for loan losses 72,451 71,939 70,515
Noninterest income      
Gains on sales of loans 29,224 10,603 7,841
Mortgage banking fee income 7,713 4,700 3,686
Interchange income 4,768 4,203 3,882
Service charges on deposit accounts 3,357 3,923 4,213
Wealth management services income, net 2,618 2,029 1,860
Mortgage lender services income 2,176 390 329
Other service charges and fees 1,551 1,496 1,386
Net gains on sales, maturities and calls of available for sale securities 38 10 10
Other 3,973 4,658 3,161
Total noninterest income 55,418 32,012 26,368
Noninterest expenses      
Salaries and employee benefits 57,668 47,201 42,003
Occupancy 8,639 7,912 7,719
Early debt repayment charges 2,197    
Other 30,146 24,906 24,620
Total noninterest expenses 98,650 80,019 74,342
Income before income taxes 29,219 23,932 22,541
Income tax expense 6,795 5,082 4,521
Net income 22,424 18,850 18,020
Less net income (loss) attributable to noncontrolling interest 307 (9)  
Net income attributable to C&F Financial Corporation $ 22,117 $ 18,859 $ 18,020
Net income per share - basic and diluted (in dollars per share) $ 6.06 $ 5.47 $ 5.15