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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income        
Interest and fees on loans $ 21,923 $ 22,466 $ 42,407 $ 44,279
Interest on interest-bearing deposits and federal funds sold 394 48 500 94
Interest and dividends on securities        
U.S. treasury, government agencies and corporations 546 175 839 300
Mortgage-backed securities 778 506 1,446 915
Tax-exempt obligations of states and political subdivisions 337 436 687 905
Taxable obligations of states and political subdivisions 174 94 287 184
Corporate bonds and other 240 141 457 265
Total interest income 24,392 23,866 46,623 46,942
Interest expense        
Savings and interest-bearing deposits 471 344 858 703
Time deposits 630 1,053 1,348 2,361
Borrowings 371 454 737 903
Trust preferred capital notes 289 287 573 571
Total interest expense 1,761 2,138 3,516 4,538
Net interest income 22,631 21,728 43,107 42,404
Provision for loan losses 530 (600) 202 (320)
Net interest income after provision for loan losses 22,101 22,328 42,905 42,724
Noninterest income        
Gains on sales of loans 2,198 5,947 4,893 13,005
Interchange income 1,559 1,471 2,989 2,789
Service charges on deposit accounts 1,071 828 2,117 1,647
Mortgage banking fee income 924 1,648 1,777 3,504
Wealth management services income, net 625 685 1,272 1,387
Mortgage lender services income 438 615 862 1,393
Other service charges and fees 402 413 776 802
Net gains on sales, maturities and calls of available for sale securities   6   38
Other (loss) income, net (1,554) 1,218 (2,294) 2,341
Total noninterest income 5,663 12,831 12,392 26,906
Noninterest expenses        
Salaries and employee benefits 10,642 15,714 22,498 31,327
Occupancy 2,116 2,190 4,325 4,550
Other 6,341 6,729 12,487 13,775
Total noninterest expenses 19,099 24,633 39,310 49,652
Income before income taxes 8,665 10,526 15,987 19,978
Income tax expense 1,882 2,436 3,469 4,723
Net income 6,783 8,090 12,518 15,255
Less net income attributable to noncontrolling interest 41 82 147 186
Net income attributable to C&F Financial Corporation $ 6,742 $ 8,008 $ 12,371 $ 15,069
Net income per share - basic (in dollars per share) $ 1.91 $ 2.19 $ 3.49 $ 4.11
Net income per share - diluted (in Dollars per share) $ 1.91 $ 2.19 $ 3.49 $ 4.11