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Equity, Other Comprehensive Income (Loss) and Earnings Per Share (Tables) | 12 Months Ended
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Dec. 31, 2023
Equity, Other Comprehensive Income and Earnings Per Share |
Schedule of the components of accumulated other comprehensive loss, net of deferred taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Securities |  | Defined |  | Cash |  | ​ | ​
​ | ​ | Available | ​ | Benefit | ​ | Flow | ​ | ​
(Dollars in thousands) | ​ | For Sale | ​ | Plan | ​ | Hedges | ​ | Total
Accumulated other comprehensive (loss) income at December 31, 2022 | ​ | $ | (35,184) | ​ | $ | (3,236) | ​ | $ | 1,462 | ​ | $ | (36,958)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive income (loss) arising during the period | ​ |  | 12,883 | ​ |  | 508 | ​ |  | (526) | ​ |  | 12,865
Related income tax effects | ​ |  | (2,705) | ​ |  | (106) | ​ |  | 135 | ​ |  | (2,676)
​ | ​ | ​ | 10,178 | ​ | ​ | 402 | ​ | ​ | (391) | ​ | ​ | 10,189
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassifications into net income | ​ | ​ | 5 | ​ | ​ | 104 | ​ | ​ | (6) | ​ | ​ | 103
Related income tax effects | ​ | ​ | (1) | ​ | ​ | (22) | ​ | ​ | 2 | ​ | ​ | (21)
​ | ​ | ​ | 4 | ​ | ​ | 82 | ​ | ​ | (4) | ​ | ​ | 82
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive income (loss), net of tax | ​ | ​ | 10,182 | ​ | ​ | 484 | ​ | ​ | (395) | ​ | ​ | 10,271
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated other comprehensive (loss) income at December 31, 2023 | ​ | $ | (25,002) | ​ | $ | (2,752) | ​ | $ | 1,067 | ​ | $ | (26,687)
​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Securities |  | Defined |  | Cash |  | ​ | ​
​ | ​ | Available | ​ | Benefit | ​ | Flow | ​ | ​
(Dollars in thousands) | ​ | For Sale | ​ | Plan | ​ | Hedges | ​ | Total
Accumulated other comprehensive income (loss) at December 31, 2021 | ​ | $ | 437 | ​ | $ | (2,055) | ​ | $ | (469) | ​ | $ | (2,087)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive (loss) income arising during the period | ​ |  | (45,090) | ​ |  | (1,465) | ​ |  | 2,607 | ​ |  | (43,948)
Related income tax effects | ​ |  | 9,469 | ​ |  | 308 | ​ |  | (671) | ​ |  | 9,106
​ | ​ | ​ | (35,621) | ​ | ​ | (1,157) | ​ | ​ | 1,936 | ​ | ​ | (34,842)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassifications into net income | ​ | ​ | — | ​ | ​ | (30) | ​ | ​ | (7) | ​ | ​ | (37)
Related income tax effects | ​ | ​ | — | ​ | ​ | 6 | ​ | ​ | 2 | ​ | ​ | 8
​ | ​ | ​ | — | ​ | ​ | (24) | ​ | ​ | (5) | ​ | ​ | (29)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive (loss) income, net of tax | ​ | ​ | (35,621) | ​ | ​ | (1,181) | ​ | ​ | 1,931 | ​ | ​ | (34,871)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated other comprehensive (loss) income at December 31, 2022 | ​ | $ | (35,184) | ​ | $ | (3,236) | ​ | $ | 1,462 | ​ | $ | (36,958)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Securities |  | Defined |  | Cash |  | ​ | ​
​ | ​ | Available | ​ | Benefit | ​ | Flow | ​ | ​
(Dollars in thousands) | ​ | For Sale | ​ | Plan | ​ | Hedges | ​ | Total
Accumulated other comprehensive income (loss) at December 31, 2020 | ​ | $ | 4,397 | ​ | $ | (4,985) | ​ | $ | (1,367) | ​ | $ | (1,955)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive (loss) income arising during the period | ​ |  | (4,971) | ​ |  | 2,274 | ​ |  | 1,216 | ​ |  | (1,481)
Related income tax effects | ​ |  | 1,044 | ​ |  | (478) | ​ |  | (313) | ​ |  | 253
​ | ​ | ​ | (3,927) | ​ | ​ | 1,796 | ​ | ​ | 903 | ​ | ​ | (1,228)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassifications into net income | ​ | ​ | (42) | ​ | ​ | 1,436 | ​ | ​ | (7) | ​ | ​ | 1,387
Related income tax effects | ​ | ​ | 9 | ​ | ​ | (302) | ​ | ​ | 2 | ​ | ​ | (291)
​ | ​ | ​ | (33) | ​ | ​ | 1,134 | ​ | ​ | (5) | ​ | ​ | 1,096
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive (loss) income, net of tax | ​ | ​ | (3,960) | ​ | ​ | 2,930 | ​ | ​ | 898 | ​ | ​ | (132)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated other comprehensive income (loss) at December 31, 2021 | ​ | $ | 437 | ​ | $ | (2,055) | ​ | $ | (469) | ​ | $ | (2,087)
Schedule of reclassifications from accumulated other comprehensive loss | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, | ​ | Line Item In the Consolidated
(Dollars in thousands) |  | 2023 |  | 2022 |  | 2021 | ​ | Statements of Income
Securities available for sale: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassification of net realized losses into net income | ​ | $ | (5) | ​ | $ | — | ​ | $ | 42 | ​ | Net losses on sales, maturities and calls of available for sale securities
Related income tax effects | ​ | ​ | 1 | ​ | ​ | — | ​ | ​ | (9) | ​ | Income tax expense
​ | ​ | ​ | (4) | ​ | ​ | — | ​ | ​ | 33 | ​ | Net of tax
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Defined benefit plan:1 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassification of recognized net actuarial losses into net income | ​ | ​ | (171) | ​ | ​ | (38) | ​ | ​ | (1,504) | ​ | Noninterest expenses - Other
Amortization of prior service credit into net income | ​ | ​ | 67 | ​ | ​ | 68 | ​ | ​ | 68 | ​ | Noninterest expenses - Other
Related income tax effects | ​ | ​ | 22 | ​ | ​ | (6) | ​ | ​ | 302 | ​ | Income tax expense
​ | ​ | ​ | (82) | ​ | ​ | 24 | ​ | ​ | (1,134) | ​ | Net of tax
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of hedging gains into net income | ​ | ​ | 6 | ​ | ​ | 7 | ​ | ​ | 7 | ​ | Interest expense - Trust preferred capital notes
Related income tax effects | ​ | ​ | (2) | ​ | ​ | (2) | ​ | ​ | (2) | ​ | Income tax expense
​ | ​ | ​ | 4 | ​ | ​ | 5 | ​ | ​ | 5 | ​ | Net of tax
​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Total reclassifications into net income | ​ | $ | (82) | ​ | $ | 29 | ​ | $ | (1,096) | ​ | ​
1 See “Note 14: Employee Benefit Plans,” for additional information.
Schedule of components earnings per share calculations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, |
(Dollars in thousands) |  | 2023 |  | 2022 |  | 2021 |
Net income attributable to C&F Financial Corporation | ​ | $ | 23,604 | ​ | $ | 29,159 | ​ | $ | 28,667 | ​
Weighted average shares outstanding—basic and diluted | ​ |  | 3,411,995 | ​ |  | 3,517,114 | ​ |  | 3,604,119 | ​
​

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