XML 23 R13.htm IDEA: XBRL DOCUMENT
v3.25.2

Goodwill and Other Intangible Assets | 6 Months Ended
--- | ---
Jun. 30, 2025
Goodwill and Other Intangible Assets |
Goodwill and Other Intangible Assets | NOTE 5: Goodwill and Other Intangible Assets ​ The carrying amount of goodwill was $25.19 million at June 30, 2025 and December 31, 2024. There were no changes in the recorded balance of goodwill during the three and six months ended June 30, 2025 or 2024. ​ The Corporation had $1.02 million and $1.15 million of other intangible assets as of June 30, 2025 and December 31, 2024, respectively. Other intangible assets were recognized in connection with the core deposits acquired from Peoples Bankshares, Incorporated in 2020 and customer relationships acquired by C&F Wealth Management in 2016. ​ The following table summarizes the gross carrying amounts and accumulated amortization of other intangible assets. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | June 30, | ​ | ​ | December 31,
​ | ​ | ​ | 2025 | ​ | ​ | 2024
​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​
​ | ​ | ​ | Carrying | ​ | Accumulated | ​ | ​ | Carrying | ​ | Accumulated
(Dollars in thousands) | ​ | ​ | Amount | ​ | Amortization | ​ | ​ | Amount | ​ | Amortization
Amortizable intangible assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Core deposit intangibles | ​ | $ | 1,711 | ​ | $ | (751) | ​ | $ | 1,711 | ​ | $ | (700)
Other amortizable intangibles | ​ |  | 1,405 | ​ | ​ | (1,343) | ​ | ​ | 1,405 | ​ | ​ | (1,269)
Total | ​ | $ | 3,116 | ​ | $ | (2,094) | ​ | $ | 3,116 | ​ | $ | (1,969)
​ Amortization expense was $62,000 and $65,000 for the three months ended June 30, 2025 and 2024, respectively, and $125,000 and $130,000 for the six months ended June 30, 2025 and 2024, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration