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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Interest income    
Interest and fees on loans $ 20,484 $ 21,813
Interest on interest-bearing deposits and federal funds sold 106 46
Interest and dividends on securities    
U.S. government agencies and corporations 293 125
Mortgage-backed securities 668 409
Tax-exempt obligations of states and political subdivisions 350 469
Taxable obligations of states and political subdivisions 113 90
Other 217 124
Total interest income 22,231 23,076
Interest expense    
Savings and interest-bearing deposits 387 359
Time deposits 718 1,308
Borrowings 366 449
Trust preferred capital notes 284 284
Total interest expense 1,755 2,400
Net interest income 20,476 20,676
Provision for loan losses (328) 280
Net interest income after provision for loan losses 20,804 20,396
Noninterest income    
Gains on sales of loans 2,695 7,058
Interchange income 1,430 1,318
Service charges on deposit accounts 1,046 819
Mortgage banking fee income 853 1,856
Wealth management services income, net 647 702
Mortgage lender services income 424 778
Other service charges and fees 374 389
Net gains on sales, maturities and calls of available for sale securities   32
Other (loss) income, net (740) 1,123
Total noninterest income 6,729 14,075
Noninterest expenses    
Salaries and employee benefits 11,856 15,613
Occupancy 2,209 2,360
Other 6,146 7,046
Total noninterest expenses 20,211 25,019
Income before income taxes 7,322 9,452
Income tax expense 1,587 2,287
Net income 5,735 7,165
Less net income attributable to noncontrolling interest 106 104
Net income attributable to C&F Financial Corporation $ 5,629 $ 7,061
Net income per share - basic (in dollars per share) $ 1.59 $ 1.92
Net income per share - diluted (in Dollars per share) $ 1.59 $ 1.92