XML 41 R30.htm IDEA: XBRL DOCUMENT
v3.22.4

Holding Company Condensed Financial Information | 12 Months Ended
--- | ---
Dec. 31, 2022
Holding Company Condensed Financial Information |
Holding Company Condensed Financial Information | NOTE 22: Holding Company Condensed Financial Information ​ The following tables present the condensed balance sheets as of December 31, 2022 and 2021 and the condensed statements of comprehensive income and cash flows for the years ended December 31, 2022, 2021 and 2020 for the Corporation on a standalone basis: ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
(Dollars in thousands) |  | 2022 |  | 2021 |
Condensed Balance Sheets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 22,094 | ​ | $ | 20,584 | ​
Other assets | ​ |  | 21,227 | ​ |  | 24,884 | ​
Investment in C&F Bank | ​ |  | 218,262 | ​ |  | 235,771 | ​
Total assets | ​ | $ | 261,583 | ​ | $ | 281,239 | ​
Liabilities and equity | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trust preferred capital notes | ​ | $ | 25,386 | ​ | $ | 25,351 | ​
Long-term borrowings | ​ | ​ | 23,965 | ​ | ​ | 24,029 | ​
Other liabilities | ​ |  | 16,598 | ​ |  | 21,541 | ​
Equity | ​ |  | 195,634 | ​ |  | 210,318 | ​
Total liabilities and equity | ​ | $ | 261,583 | ​ | $ | 281,239 | ​
​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
(Dollars in thousands) |  | 2022 |  | 2021 |  | 2020 |
Condensed Statements of Comprehensive Income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense on borrowings | ​ | $ | (2,358) | ​ | $ | (2,348) | ​ | $ | (1,611) | ​
Dividends received from C&F Bank | ​ |  | 12,500 | ​ |  | 12,500 | ​ |  | 8,746 | ​
Equity in undistributed net income of C&F Bank | ​ |  | 19,292 | ​ |  | 18,653 | ​ |  | 15,373 | ​
Other income | ​ |  | (3,230) | ​ |  | 2,207 | ​ |  | 2,041 | ​
Other expenses | ​ |  | 2,955 | ​ |  | (2,345) | ​ |  | (2,432) | ​
Net income | ​ | ​ | 29,159 | ​ | ​ | 28,667 | ​ | ​ | 22,117 | ​
Other comprehensive income (loss), net of tax | ​ | ​ | (34,871) | ​ | ​ | (132) | ​ | ​ | 294 | ​
Comprehensive (loss) income | ​ | $ | (5,712) | ​ | $ | 28,535 | ​ | $ | 22,411 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
(Dollars in thousands) |  | 2022 |  | 2021 |  | 2020 |
Condensed Statements of Cash Flows | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by operating activities | ​ | $ | 9,750 | ​ | $ | 12,001 | ​ | $ | 8,141 | ​
Investing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Acquisition of Peoples Bankshares, Inc. | ​ |  | — | ​ |  | — | ​ |  | (10,084) | ​
Swap collateral, net | ​ | ​ | 2,705 | ​ | ​ | 1,030 | ​ | ​ | (1,710) | ​
Net cash provided by (used in) investing activities | ​ |  | 2,705 | ​ |  | 1,030 | ​ |  | (11,794) | ​
Financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Proceeds from borrowings | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 19,924 | ​
Common stock repurchases | ​ | ​ | (5,373) | ​ | ​ | (8,232) | ​ | ​ | (1,061) | ​
Cash dividends | ​ |  | (5,756) | ​ |  | (5,675) | ​ |  | (5,546) | ​
Other financing activities, net | ​ |  | 184 | ​ |  | 188 | ​ |  | 144 | ​
Net cash (used in) provided by financing activities | ​ |  | (10,945) | ​ |  | (13,719) | ​ |  | 13,461 | ​
Net increase (decrease) in cash and cash equivalents | ​ |  | 1,510 | ​ |  | (688) | ​ |  | 9,808 | ​
Cash at beginning of year | ​ |  | 20,584 | ​ |  | 21,272 | ​ |  | 11,464 | ​
Cash at end of year | ​ | $ | 22,094 | ​ | $ | 20,584 | ​ | $ | 21,272 | ​
​

X
- References No definition available. + Details
Name: | srt_CondensedFinancialInformationOfParentCompanyOnlyDisclosureAbstract
Namespace Prefix: | srt_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 10 -Section S99 -Paragraph 6 -Subparagraph (SX 210.5-04(Schedule I)) -URI https://asc.fasb.org/extlink&oid=126898705&loc=d3e5864-122674 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 810 -SubTopic 10 -Section 45 -Paragraph 11 -URI https://asc.fasb.org/extlink&oid=126929396&loc=d3e5283-111683 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e24072-122690 + Details
Name: | us-gaap_CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration