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Holding Company Condensed Financial Information | 12 Months Ended
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Dec. 31, 2023
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, 2023 and 2022 and the condensed statements of comprehensive income and cash flows for the years ended December 31, 2023, 2022 and 2021 for the Corporation on a standalone basis: ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, |
(Dollars in thousands) |  | 2023 |  | 2022 |
Condensed Balance Sheets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash | ​ | $ | 13,467 | ​ | $ | 22,094 | ​
Other assets | ​ |  | 22,210 | ​ |  | 21,227 | ​
Investment in C&F Bank | ​ |  | 243,409 | ​ |  | 218,262 | ​
Total assets | ​ | $ | 279,086 | ​ | $ | 261,583 | ​
Liabilities and equity | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trust preferred capital notes | ​ | $ | 25,422 | ​ | $ | 25,386 | ​
Long-term borrowings | ​ | ​ | 19,973 | ​ | ​ | 23,965 | ​
Other liabilities | ​ |  | 16,813 | ​ |  | 16,598 | ​
Equity | ​ |  | 216,878 | ​ |  | 195,634 | ​
Total liabilities and equity | ​ | $ | 279,086 | ​ | $ | 261,583 | ​
​ ​ ​ ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
(Dollars in thousands) |  | 2023 |  | 2022 |  | 2021 |
Condensed Statements of Comprehensive Income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Interest expense on borrowings | ​ | $ | (2,246) | ​ | $ | (2,358) | ​ | $ | (2,348) | ​
Dividends received from C&F Bank | ​ |  | 10,600 | ​ |  | 12,500 | ​ |  | 12,500 | ​
Equity in undistributed net income of C&F Bank | ​ |  | 15,552 | ​ |  | 19,292 | ​ |  | 18,653 | ​
Other income | ​ |  | 2,257 | ​ |  | (3,230) | ​ |  | 2,207 | ​
Other expenses | ​ |  | (2,559) | ​ |  | 2,955 | ​ |  | (2,345) | ​
Net income | ​ | ​ | 23,604 | ​ | ​ | 29,159 | ​ | ​ | 28,667 | ​
Other comprehensive income (loss), net of tax | ​ | ​ | 10,271 | ​ | ​ | (34,871) | ​ | ​ | (132) | ​
Comprehensive income (loss) | ​ | $ | 33,875 | ​ | $ | (5,712) | ​ | $ | 28,535 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
(Dollars in thousands) |  | 2023 |  | 2022 |  | 2021 |
Condensed Statements of Cash Flows | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Operating activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net cash provided by operating activities | ​ | $ | 8,926 | ​ | $ | 9,750 | ​ | $ | 12,001 | ​
Investing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Swap collateral, net | ​ | ​ | — | ​ | ​ | 2,705 | ​ | ​ | 1,030 | ​
Net cash provided by investing activities | ​ |  | — | ​ |  | 2,705 | ​ |  | 1,030 | ​
Financing activities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Repayment of borrowings | ​ | ​ | (4,000) | ​ | ​ | — | ​ | ​ | — | ​
Common stock repurchases | ​ | ​ | (7,758) | ​ | ​ | (5,373) | ​ | ​ | (8,232) | ​
Cash dividends | ​ |  | (5,986) | ​ |  | (5,756) | ​ |  | (5,675) | ​
Other financing activities, net | ​ |  | 191 | ​ |  | 184 | ​ |  | 188 | ​
Net cash used in financing activities | ​ |  | (17,553) | ​ |  | (10,945) | ​ |  | (13,719) | ​
Net (decrease) increase in cash and cash equivalents | ​ |  | (8,627) | ​ |  | 1,510 | ​ |  | (688) | ​
Cash at beginning of year | ​ |  | 22,094 | ​ |  | 20,584 | ​ |  | 21,272 | ​
Cash at end of year | ​ | $ | 13,467 | ​ | $ | 22,094 | ​ | $ | 20,584 | ​
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