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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Net income $ 8,090 $ 3,743 $ 15,255 $ 7,382
Defined benefit plan:        
Reclassification of recognized net actuarial losses into net income1 [1] 61 57 121 99
Related income tax effects (12) (12) (25) (21)
Amortization of prior service credit into net income1 [1] (17) (17) (34) (34)
Related income tax effects 3 3 7 7
Defined benefit plan, net of tax 35 31 69 51
Cash flow hedges:        
Unrealized holding (losses) gains arising during the period (235) (154) 755 (2,128)
Related income tax effects 61 39 (194) 547
Amortization of hedging gains into net income2 [2] (2) (3) (4) (6)
Related income tax effects   1 1 2
Cash flow hedges, net of tax (176) (117) 558 (1,585)
Securities available for sale:        
Unrealized holding gains (losses) arising during the period 989 1,779 (1,982) 3,988
Related income tax effects (207) (373) 416 (837)
Reclassification of net realized gains into net income3 [3] (6) (3) (38) (7)
Related income tax effects 1   8 1
Securities available for sale, net of tax 777 1,403 (1,596) 3,145
Other comprehensive income (loss), net of tax 636 1,317 (969) 1,611
Comprehensive income 8,726 5,060 14,286 8,993
Less comprehensive income (loss) attributable to noncontrolling interest 82 (3) 186 58
Comprehensive income attributable to C&F Financial Corporation $ 8,644 $ 5,063 $ 14,100 $ 8,935
[1] These items are included in the computation of net periodic benefit cost and are included in “Noninterest income – Other income, net” 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.