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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Interest income    
Interest and fees on loans $ 26,060 $ 20,484
Interest on interest-bearing deposits and federal funds sold 176 106
Interest and dividends on securities    
U.S. treasury, government agencies and corporations 1,035 293
Mortgage-backed securities 947 668
Tax-exempt obligations of states and political subdivisions 618 350
Taxable obligations of states and political subdivisions 184 113
Corporate and other 285 217
Total interest income 29,305 22,231
Interest expense    
Savings and interest-bearing deposits 1,209 387
Time deposits 1,820 718
Borrowings 1,025 366
Trust preferred capital notes 293 284
Total interest expense 4,347 1,755
Net interest income 24,958 20,476
Provision for credit losses 2,050 (328)
Net interest income after provision for credit losses 22,908 20,804
Noninterest income    
Gains on sales of loans 1,794 2,695
Interchange income 1,520 1,430
Service charges on deposit accounts 1,048 1,046
Investment income in other equity interests 113 138
Mortgage banking fee income 494 853
Wealth management services income, net 614 647
Mortgage lender services income 451 424
Other service charges and fees 391 374
Net losses on sales, maturities and calls of available for sale securities (5)  
Other income (loss), net 1,023 (878)
Total noninterest income 7,443 6,729
Noninterest expenses    
Salaries and employee benefits 13,898 11,856
Occupancy 2,044 2,209
Other 6,459 6,146
Total noninterest expenses 22,401 20,211
Income before income taxes 7,950 7,322
Income tax expense 1,453 1,587
Net income 6,497 5,735
Less net income attributable to noncontrolling interest 56 106
Net income attributable to C&F Financial Corporation $ 6,441 $ 5,629
Net income per share - basic (in dollars per share) $ 1.86 $ 1.59
Net income per share - diluted (in dollars per share) $ 1.86 $ 1.59