XML 12 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets    
Cash and due from banks $ 15,904 $ 16,382
Interest-bearing deposits in other banks 39,303 58,777
Total cash and cash equivalents 55,207 75,159
Securities available for sale 430,421 462,444
Loans held for sale, at fair value 22,622 14,176
Loans, net of allowance for credit losses of $40,200 and $39,651, respectively 1,777,227 1,702,488
Restricted stock, at cost 3,592 2,925
Corporate premises and equipment, net 41,549 41,914
Accrued interest receivable 10,595 10,398
Goodwill 25,191 25,191
Other intangible assets, net 1,342 1,407
Bank-owned life insurance 21,586 21,464
Net deferred tax asset 19,253 18,731
Other assets 61,166 62,201
Total assets 2,469,751 2,438,498
Deposits    
Noninterest-bearing demand deposits 535,048 549,367
Savings and interest-bearing demand deposits 816,714 843,564
Time deposits 736,170 673,199
Total deposits 2,087,932 2,066,130
Short-term borrowings 27,805 58,223
Long-term borrowings 68,339 25,894
Trust preferred capital notes 25,431 25,422
Accrued interest payable 4,644 3,493
Other liabilities 38,651 41,820
Total liabilities 2,252,802 2,220,982
Commitments and contingent liabilities (Note 11)
Equity    
Common stock ($1.00 par value, 8,000,000 shares authorized, 3,367,619 and 3,374,098 shares issued and outstanding, respectively, includes 121,238 and 135,694 of unvested shares, respectively) 3,246 3,238
Additional paid-in capital 6,084 6,567
Retained earnings 235,679 233,760
Accumulated other comprehensive loss, net (28,669) (26,687)
Equity attributable to C&F Financial Corporation 216,340 216,878
Noncontrolling interest 609 638
Total equity 216,949 217,516
Total liabilities and equity $ 2,469,751 $ 2,438,498