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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Interest income    
Interest and fees on loans $ 21,813 $ 22,897
Interest on interest-bearing deposits and federal funds sold 46 598
Interest and dividends on securities    
U.S. government agencies and corporations 125 126
Mortgage-backed securities 409 520
Tax-exempt obligations of states and political subdivisions 469 496
Taxable obligations of states and political subdivisions 90 92
Other 124 49
Total interest income 23,076 24,778
Interest expense    
Savings and interest-bearing deposits 359 586
Time deposits 1,308 2,299
Borrowings 449 1,001
Trust preferred capital notes 284 289
Total interest expense 2,400 4,175
Net interest income 20,676 20,603
Provision for loan losses 280 2,650
Net interest income after provision for loan losses 20,396 17,953
Noninterest income    
Gains on sales of loans 7,058 3,676
Mortgage banking fee income 1,856 1,305
Interchange income 1,318 1,089
Service charges on deposit accounts 819 1,002
Wealth management services income, net 702 585
Mortgage lender services income 778 242
Other service charges and fees 389 375
Net gains on sales, maturities and calls of available for sale securities 32 4
Other income (loss), net 1,404 (1,530)
Total noninterest income 14,356 6,748
Noninterest expenses    
Salaries and employee benefits 15,613 10,817
Occupancy 2,360 2,047
Other 7,327 7,221
Total noninterest expenses 25,300 20,085
Income before income taxes 9,452 4,616
Income tax expense 2,287 977
Net income 7,165 3,639
Less net income (loss) attributable to noncontrolling interest 104 61
Net income attributable to C&F Financial Corporation $ 7,061 $ 3,578
Net income per share - basic and diluted (in dollars per share) $ 1.92 $ 0.98