XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Interest income        
Interest and fees on loans $ 22,466 $ 22,204 $ 44,279 $ 45,101
Interest on interest-bearing deposits and federal funds sold 48 52 94 650
Interest and dividends on securities        
U.S. government agencies and corporations 175 120 300 246
Mortgage-backed securities 506 543 915 1,063
Tax-exempt obligations of states and political subdivisions 436 513 905 1,009
Taxable obligations of states and political subdivisions 94 108 184 200
Other 141 44 265 93
Total interest income 23,866 23,584 46,942 48,362
Interest expense        
Savings and interest-bearing deposits 344 355 703 941
Time deposits 1,053 2,131 2,361 4,430
Borrowings 454 557 903 1,558
Trust preferred capital notes 287 287 571 576
Total interest expense 2,138 3,330 4,538 7,505
Net interest income 21,728 20,254 42,404 40,857
Provision for loan losses (600) 3,600 (320) 6,250
Net interest income after provision for loan losses 22,328 16,654 42,724 34,607
Noninterest income        
Gains on sales of loans 5,947 4,605 13,005 8,281
Mortgage banking fee income 1,648 1,986 3,504 3,291
Interchange income 1,471 1,141 2,789 2,230
Service charges on deposit accounts 828 639 1,647 1,641
Wealth management services income, net 685 748 1,387 1,333
Mortgage lender services income 615 400 1,393 642
Other service charges and fees 413 394 802 769
Net gains on sales, maturities and calls of available for sale securities 6 3 38 7
Other income, net 1,487 1,912 2,891 382
Total noninterest income 13,100 11,828 27,456 18,576
Noninterest expenses        
Salaries and employee benefits 15,714 14,354 31,327 25,171
Occupancy 2,190 2,154 4,550 4,201
Other 6,998 7,284 14,325 14,505
Total noninterest expenses 24,902 23,792 50,202 43,877
Income before income taxes 10,526 4,690 19,978 9,306
Income tax expense 2,436 947 4,723 1,924
Net income 8,090 3,743 15,255 7,382
Less net income (loss) attributable to noncontrolling interest 82 (3) 186 58
Net income attributable to C&F Financial Corporation $ 8,008 $ 3,746 $ 15,069 $ 7,324
Net income per share - basic and diluted (in dollars per share) $ 2.19 $ 1.03 $ 4.11 $ 2.01