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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income        
Interest and fees on loans $ 23,159 $ 22,120 $ 65,566 $ 66,399
Interest on interest-bearing deposits and federal funds sold 521 77 1,021 171
Interest and dividends on securities        
U.S. treasury, government agencies and corporations 961 198 1,800 498
Mortgage-backed securities 854 536 2,300 1,451
Tax-exempt obligations of states and political subdivisions 409 395 1,096 1,300
Taxable obligations of states and political subdivisions 188 104 475 288
Corporate bonds and other 234 174 691 439
Total interest income 26,326 23,604 72,949 70,546
Interest expense        
Savings and interest-bearing deposits 557 346 1,415 1,049
Time deposits 722 888 2,070 3,249
Borrowings 373 462 1,110 1,365
Trust preferred capital notes 294 290 867 861
Total interest expense 1,946 1,986 5,462 6,524
Net interest income 24,380 21,618 67,487 64,022
Provision for loan losses 1,200 430 1,402 110
Net interest income after provision for loan losses 23,180 21,188 66,085 63,912
Noninterest income        
Gains on sales of loans 1,870 5,660 6,763 18,665
Interchange income 1,513 1,461 4,502 4,250
Service charges on deposit accounts 1,099 992 3,216 2,639
Mortgage banking fee income 731 1,630 2,508 5,134
Wealth management services income, net 613 708 1,885 2,095
Mortgage lender services income 397 598 1,259 1,991
Other service charges and fees 403 386 1,179 1,188
Net gains on sales, maturities and calls of available for sale securities   3   41
Other (loss) income, net (497) 329 (2,791) 2,670
Total noninterest income 6,129 11,767 18,521 38,673
Noninterest expenses        
Salaries and employee benefits 12,202 13,915 34,700 45,242
Occupancy 2,182 2,231 6,507 6,781
Other 6,705 6,755 19,192 20,530
Total noninterest expenses 21,089 22,901 60,399 72,553
Income before income taxes 8,220 10,054 24,207 30,032
Income tax expense 1,675 2,227 5,144 6,950
Net income 6,545 7,827 19,063 23,082
Less net income attributable to noncontrolling interest 65 153 212 339
Net income attributable to C&F Financial Corporation $ 6,480 $ 7,674 $ 18,851 $ 22,743
Net income per share - basic (in dollars per share) $ 1.85 $ 2.16 $ 5.34 $ 6.27
Net income per share - diluted (in Dollars per share) $ 1.85 $ 2.16 $ 5.34 $ 6.27