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Equity, Other Comprehensive Income and Earnings Per Share (Tables) | 6 Months Ended
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Jun. 30, 2025
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 March 31, 2025 | ​ | $ | (19,083) | ​ | $ | (1,806) | ​ | $ | 598 | ​ | $ | (20,291)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive loss arising during the period | ​ |  | (1,040) | ​ |  | — | ​ |  | (272) | ​ |  | (1,312)
Related income tax effects | ​ |  | 218 | ​ |  | — | ​ |  | 70 | ​ |  | 288
​ | ​ | ​ | (822) | ​ | ​ | — | ​ | ​ | (202) | ​ | ​ | (1,024)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassifications into net income | ​ | ​ | — | ​ | ​ | 1 | ​ | ​ | 19 | ​ | ​ | 20
Related income tax effects | ​ | ​ | — | ​ | ​ | (1) | ​ | ​ | (5) | ​ | ​ | (6)
​ | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 14 | ​ | ​ | 14
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive loss, net of tax | ​ | ​ | (822) | ​ | ​ | — | ​ | ​ | (188) | ​ | ​ | (1,010)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated other comprehensive (loss) income at June 30, 2025 | ​ | $ | (19,905) | ​ | $ | (1,806) | ​ | $ | 410 | ​ | $ | (21,301)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Securities |  | Defined |  | Cash |  | ​ | ​
​ | ​ | Available | ​ | Benefit | ​ | Flow | ​ | ​
(Dollars in thousands) | ​ | For Sale | ​ | Plan | ​ | Hedges | ​ | Total
Accumulated other comprehensive (loss) income at March 31, 2024 | ​ | $ | (27,068) | ​ | $ | (2,745) | ​ | $ | 1,144 | ​ | $ | (28,669)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive income (loss) arising during the period | ​ |  | 2,062 | ​ |  | — | ​ |  | (89) | ​ |  | 1,973
Related income tax effects | ​ |  | (433) | ​ |  | — | ​ |  | 23 | ​ |  | (410)
​ | ​ | ​ | 1,629 | ​ | ​ | — | ​ | ​ | (66) | ​ | ​ | 1,563
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassifications into net income | ​ | ​ | — | ​ | ​ | 11 | ​ | ​ | (2) | ​ | ​ | 9
Related income tax effects | ​ | ​ | — | ​ | ​ | (2) | ​ | ​ | — | ​ | ​ | (2)
​ | ​ | ​ | — | ​ | ​ | 9 | ​ | ​ | (2) | ​ | ​ | 7
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive income (loss), net of tax | ​ | ​ | 1,629 | ​ | ​ | 9 | ​ | ​ | (68) | ​ | ​ | 1,570
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated other comprehensive (loss) income at June 30, 2024 | ​ | $ | (25,439) | ​ | $ | (2,736) | ​ | $ | 1,076 | ​ | $ | (27,099)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Securities |  | Defined |  | Cash |  | ​ | ​
​ | ​ | Available | ​ | Benefit | ​ | Flow | ​ | ​
(Dollars in thousands) | ​ | For Sale | ​ | Plan | ​ | Hedges | ​ | Total
Accumulated other comprehensive (loss) income at December 31, 2024 | ​ | $ | (23,693) | ​ | $ | (1,797) | ​ | $ | 886 | ​ | $ | (24,604)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive income (loss) arising during the period | ​ |  | 4,795 | ​ |  | — | ​ |  | (659) | ​ |  | 4,136
Related income tax effects | ​ |  | (1,007) | ​ |  | — | ​ |  | 170 | ​ |  | (837)
​ | ​ | ​ | 3,788 | ​ | ​ | — | ​ | ​ | (489) | ​ | ​ | 3,299
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassifications into net income | ​ | ​ | — | ​ | ​ | (11) | ​ | ​ | 17 | ​ | ​ | 6
Related income tax effects | ​ | ​ | — | ​ | ​ | 2 | ​ | ​ | (4) | ​ | ​ | (2)
​ | ​ | ​ | — | ​ | ​ | (9) | ​ | ​ | 13 | ​ | ​ | 4
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive income (loss), net of tax | ​ | ​ | 3,788 | ​ | ​ | (9) | ​ | ​ | (476) | ​ | ​ | 3,303
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated other comprehensive (loss) income at June 30, 2025 | ​ | $ | (19,905) | ​ | $ | (1,806) | ​ | $ | 410 | ​ | $ | (21,301)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Securities |  | Defined |  | Cash |  | ​ | ​
​ | ​ | Available | ​ | Benefit | ​ | Flow | ​ | ​
(Dollars in thousands) | ​ | For Sale | ​ | Plan | ​ | Hedges | ​ | Total
Accumulated other comprehensive (loss) income at December 31, 2023 | ​ | $ | (25,002) | ​ | $ | (2,752) | ​ | $ | 1,067 | ​ | $ | (26,687)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive (loss) income arising during the period | ​ |  | (553) | ​ |  | — | ​ |  | 17 | ​ |  | (536)
Related income tax effects | ​ |  | 116 | ​ |  | — | ​ |  | (4) | ​ |  | 112
​ | ​ | ​ | (437) | ​ | ​ | — | ​ | ​ | 13 | ​ | ​ | (424)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassifications into net income | ​ | ​ | — | ​ | ​ | 20 | ​ | ​ | (5) | ​ | ​ | 15
Related income tax effects | ​ | ​ | — | ​ | ​ | (4) | ​ | ​ | 1 | ​ | ​ | (3)
​ | ​ | ​ | — | ​ | ​ | 16 | ​ | ​ | (4) | ​ | ​ | 12
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive (loss) income, net of tax | ​ | ​ | (437) | ​ | ​ | 16 | ​ | ​ | 9 | ​ | ​ | (412)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Accumulated other comprehensive (loss) income at June 30, 2024 | ​ | $ | (25,439) | ​ | $ | (2,736) | ​ | $ | 1,076 | ​ | $ | (27,099)
Schedule of reclassifications from accumulated other comprehensive loss | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, | ​ | ​ | Six Months Ended June 30, | ​ | Line Item In the Consolidated
(Dollars in thousands) |  | 2025 |  | 2024 | ​ |  | 2025 |  | 2024 |  | ​ | Statements of Income
Defined benefit plan:1 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Reclassification of recognized net actuarial losses into net income | ​ | ​ | (18) | ​ | ​ | (27) | ​ | ​ | ​ | (23) | ​ | ​ | (54) | ​ | ​ | Noninterest expenses - Other
Amortization of prior service credit into net income | ​ | ​ | 17 | ​ | ​ | 16 | ​ | ​ | ​ | 34 | ​ | ​ | 34 | ​ | ​ | Noninterest expenses - Other
Related income tax effects | ​ | ​ | 1 | ​ | ​ | 2 | ​ | ​ | ​ | (2) | ​ | ​ | 4 | ​ | ​ | Income tax expense
​ | ​ | ​ | — | ​ | ​ | (9) | ​ | ​ | ​ | 9 | ​ | ​ | (16) | ​ | ​ | Net of tax
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash flow hedges: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Amortization of hedging gains into net income | ​ | ​ | (19) | ​ | ​ | 2 | ​ | ​ | ​ | (17) | ​ | ​ | 5 | ​ | ​ | Interest expense - Trust preferred capital notes
Related income tax effects | ​ | ​ | 5 | ​ | ​ | — | ​ | ​ | ​ | 4 | ​ | ​ | (1) | ​ | ​ | Income tax expense
​ | ​ | ​ | (14) | ​ | ​ | 2 | ​ | ​ | ​ | (13) | ​ | ​ | 4 | ​ | ​ | Net of tax
​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
Total | ​ | $ | (14) | ​ | $ | (7) | ​ | ​ | $ | (4) | ​ | $ | (12) | ​ | ​ | ​
1 | See “Note 8: Employee Benefit Plans,” for additional information.
Schedule of components earnings per share calculations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended June 30, |
(Dollars in thousands) |  | 2025 |  | 2024 |
Net income attributable to C&F Financial Corporation | ​ | $ | 7,691 | ​ | $ | 5,007 | ​
Weighted average shares outstanding—basic and diluted | ​ |  | 3,238,765 | ​ |  | 3,343,192 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six Months Ended June 30, |
(Dollars in thousands) |  | 2025 |  | 2024 |
Net income attributable to C&F Financial Corporation | ​ | $ | 13,059 | ​ | $ | 8,408 | ​
Weighted average shares outstanding—basic and diluted | ​ |  | 3,236,849 | ​ |  | 3,357,063 | ​
​

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