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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Interest income      
Interest and fees on loans $ 110,938 $ 90,833 $ 88,118
Interest on interest-bearing deposits and federal funds sold 1,245 1,278 254
Interest and dividends on securities      
U.S. treasury, government agencies and corporations 3,491 2,859 705
Mortgage-backed securities 3,669 3,178 1,972
Tax-exempt obligations of states and political subdivisions 2,844 1,623 1,678
Taxable obligations of states and political subdivisions 726 656 386
Corporate and other 1,224 927 615
Total interest income 124,137 101,354 93,728
Interest expense      
Savings and interest-bearing deposits 5,275 2,228 1,409
Time deposits 15,112 2,996 4,028
Borrowings 4,850 1,502 1,771
Trust preferred capital notes 1,193 1,164 1,151
Total interest expense 26,430 7,890 8,359
Net interest income 97,707 93,464 85,369
Provision for credit losses 8,275 3,172 575
Net interest income after provision for credit losses 89,432 90,292 84,794
Noninterest income      
Gains on sales of loans 5,780 7,498 22,279
Interchange income 6,187 6,030 5,740
Service charges on deposit accounts 4,330 4,306 3,718
Investment income from other equity interests 677 3,138 456
Mortgage banking fee income 2,110 2,931 6,482
Wealth management services income, net 2,564 2,442 2,761
Mortgage lender services income 2,048 1,667 2,492
Other service charges and fees 1,643 1,577 1,585
Net (losses) gains on sales, maturities and calls of available for sale securities (5)   42
Other income (loss), net 4,281 (377) 4,276
Total noninterest income 29,615 29,212 49,831
Noninterest expenses      
Salaries and employee benefits 54,876 47,867 58,581
Occupancy 7,993 8,564 8,859
Data processing 10,874 10,514 11,088
Professional fees 2,752 2,767 3,066
Insurance Expense 1,659 1,049 1,061
Marketing and advertising expenses 1,548 1,805 1,523
Mortgage banking loan processing expenses 1,048 1,682 3,128
Other 9,133 8,292 9,237
Total noninterest expenses 89,883 82,540 96,543
Income before income taxes 29,164 36,964 38,082
Income tax expense 5,418 7,595 8,959
Net income 23,746 29,369 29,123
Less net income attributable to noncontrolling interest 142 210 456
Net income attributable to C&F Financial Corporation $ 23,604 $ 29,159 $ 28,667
Net income per share - basic (in dollars per share) $ 6.92 $ 8.29 $ 7.95
Net income per share - diluted (in dollars per share) $ 6.92 $ 8.29 $ 7.95