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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME    
Net income $ 7,165 $ 3,639
Defined benefit plan:    
Reclassification of recognized net actuarial losses into net income [1] 60 42
Related income tax effects (13) (9)
Amortization of prior service credit into net income [1] (17) (17)
Related income tax effects 4 4
Defined benefit plan, net of tax 34 20
Cash flow hedges:    
Unrealized holding (losses) gains arising during the period 990 (1,974)
Related income tax effects (255) 508
Amortization of hedging gains into net income [2] (2) (3)
Related income tax effects 1 1
Cash flow hedges, net of tax 734 (1,468)
Securities available for sale:    
Unrealized holding gains (losses) arising during the period (2,971) 2,209
Related income tax effects 623 (464)
Reclassification of net realized gains into net income [3] (32) (4)
Related income tax effects 7 1
Securities available for sale, net of tax (2,373) 1,742
Other comprehensive income (loss), net of tax (1,605) 294
Comprehensive income 5,560 3,933
Less comprehensive income (loss) attributable to noncontrolling interest 104 61
Comprehensive income attributable to C&F Financial Corporation $ 5,456 $ 3,872
[1] These items are included in the computation of net periodic benefit cost and are included in “Noninterest income – Other” on the Consolidated Statements of Income. See “Note 8: Employee Benefit Plans,” for additional information.
[2] These items are included in “Interest expense – Trust preferred capital notes” on the Consolidated Statements of Income.
[3] These items are included in “Net gains on sales, maturities and calls of available for sale securities” on the Consolidated Statements of Income.