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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Interest income      
Interest and fees on loans $ 90,833 $ 88,118 $ 90,992
Interest on interest-bearing deposits and federal funds sold 1,278 254 713
Interest and dividends on securities      
U.S. treasury, government agencies and corporations 2,859 705 463
Mortgage-backed securities 3,178 1,972 2,109
Tax-exempt obligations of states and political subdivisions 1,623 1,678 1,984
Taxable obligations of states and political subdivisions 656 386 406
Corporate and other 927 615 246
Total interest income 101,354 93,728 96,913
Interest expense      
Savings and interest-bearing deposits 2,228 1,409 1,614
Time deposits 2,996 4,028 8,020
Borrowings 1,502 1,771 2,592
Trust preferred capital notes 1,164 1,151 1,156
Total interest expense 7,890 8,359 13,382
Net interest income 93,464 85,369 83,531
Provision for loan losses 3,172 575 11,080
Net interest income after provision for loan losses 90,292 84,794 72,451
Noninterest income      
Gains on sales of loans 7,498 22,279 29,224
Interchange income 6,030 5,740 4,768
Service charges on deposit accounts 4,306 3,718 3,357
Investment income in other equity interests 3,138 456 72
Mortgage banking fee income 2,931 6,482 7,713
Wealth management services income, net 2,442 2,761 2,618
Mortgage lender services income 1,667 2,492 2,176
Other service charges and fees 1,577 1,585 1,551
Net gains on sales, maturities and calls of available for sale securities   42 38
Other income (loss), net (1,107) 3,608 3,090
Total noninterest income 28,482 49,163 54,607
Noninterest expenses      
Salaries and employee benefits 47,867 58,581 57,668
Occupancy 8,564 8,859 8,639
Early debt repayment charges     2,197
Other 25,379 28,435 29,335
Total noninterest expenses 81,810 95,875 97,839
Income before income taxes 36,964 38,082 29,219
Income tax expense 7,595 8,959 6,795
Net income 29,369 29,123 22,424
Less net income attributable to noncontrolling interest 210 456 307
Net income attributable to C&F Financial Corporation $ 29,159 $ 28,667 $ 22,117
Net income per share - basic (in dollars per share) $ 8.29 $ 7.95 $ 6.06
Net income per share - diluted (in dollars per share) $ 8.29 $ 7.95 $ 6.06