XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Interest income        
Interest and fees on loans $ 22,120 $ 22,506 $ 66,399 $ 67,607
Interest on interest-bearing deposits and federal funds sold 77 32 171 682
Interest and dividends on securities        
U.S. government agencies and corporations 198 109 498 355
Mortgage-backed securities 536 533 1,451 1,596
Tax-exempt obligations of states and political subdivisions 395 498 1,300 1,507
Taxable obligations of states and political subdivisions 104 102 288 302
Other 174 42 439 135
Total interest income 23,604 23,822 70,546 72,184
Interest expense        
Savings and interest-bearing deposits 346 346 1,049 1,287
Time deposits 888 1,938 3,249 6,368
Borrowings 462 404 1,365 1,962
Trust preferred capital notes 290 289 861 865
Total interest expense 1,986 2,977 6,524 10,482
Net interest income 21,618 20,845 64,022 61,702
Provision for loan losses 430 3,300 110 9,550
Net interest income after provision for loan losses 21,188 17,545 63,912 52,152
Noninterest income        
Gains on sales of loans 5,660 9,706 18,665 17,987
Mortgage banking fee income 1,630 2,206 5,134 5,497
Interchange income 1,461 1,268 4,250 3,498
Service charges on deposit accounts 992 785 2,639 2,426
Wealth management services income, net 708 640 2,095 1,973
Mortgage lender services income 598 706 1,991 1,348
Other service charges and fees 386 390 1,188 1,159
Net gains on sales, maturities and calls of available for sale securities 3 4 41 11
Other income, net 604 1,233 3,495 1,615
Total noninterest income 12,042 16,938 39,498 35,514
Noninterest expenses        
Salaries and employee benefits 13,915 15,767 45,242 40,938
Occupancy 2,231 2,131 6,781 6,331
Other 7,030 7,433 21,355 21,939
Total noninterest expenses 23,176 25,331 73,378 69,208
Income before income taxes 10,054 9,152 30,032 18,458
Income tax expense 2,227 2,234 6,950 4,158
Net income 7,827 6,918 23,082 14,300
Less net income attributable to noncontrolling interest 153 125 339 183
Net income attributable to C&F Financial Corporation $ 7,674 $ 6,793 $ 22,743 $ 14,117
Net income per share - basic and diluted (in dollars per share) $ 2.16 $ 1.86 $ 6.27 $ 3.87