XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Interest income        
Interest and fees on loans $ 34,683 $ 33,021 $ 100,781 $ 94,014
Interest on interest-bearing deposits in other banks 719 389 1,634 811
Interest and dividends on securities        
U.S. treasury, government agencies and corporations 273 334 840 1,370
Mortgage-backed securities 1,610 994 4,537 2,807
Tax-exempt obligations of states and political subdivisions 990 893 2,854 2,661
Taxable obligations of states and political subdivisions 186 183 578 551
Corporate and other 322 317 954 937
Total interest income 38,783 36,131 112,178 103,151
Interest expense        
Savings and interest-bearing deposits 2,226 1,667 6,037 4,831
Time deposits 7,725 8,524 23,236 23,140
Borrowings 1,296 878 3,143 2,540
Trust preferred capital notes 362 373 1,070 965
Total interest expense 11,609 11,442 33,486 31,476
Net interest income 27,174 24,689 78,692 71,675
Provision for credit losses 2,900 3,700 8,000 9,750
Net interest income after provision for credit losses 24,274 20,989 70,692 61,925
Noninterest income        
Gains on sales of loans 1,896 1,825 6,201 4,814
Interchange income 1,610 1,571 4,706 4,618
Service charges on deposit accounts 1,049 1,122 3,061 3,219
Investment income from other equity interests 197 334 531 671
Mortgage banking fee income 735 650 2,193 1,751
Wealth management services income, net 795 757 2,283 2,202
Mortgage lender services income 768 486 2,066 1,488
Other service charges and fees 520 542 1,569 1,361
Other income, net 1,274 1,485 3,655 3,464
Total noninterest income 8,844 8,772 26,265 23,588
Noninterest expenses        
Salaries and employee benefits 14,420 13,921 42,749 41,625
Occupancy 2,245 2,091 6,537 6,286
Data processing 3,026 2,893 8,881 8,685
Professional fees 901 868 2,823 2,667
Insurance expense 399 415 1,306 1,230
Marketing and advertising expenses 660 460 1,738 944
Loan processing and collection expenses 831 718 2,259 2,021
Other 1,808 1,725 5,686 5,156
Total noninterest expenses 24,290 23,091 71,979 68,614
Income before income taxes 8,828 6,670 24,978 16,899
Income tax expense 1,715 1,250 4,703 3,010
Net income 7,113 5,420 20,275 13,889
Less net income attributable to noncontrolling interest 38 31 141 92
Net income attributable to C&F Financial Corporation $ 7,075 $ 5,389 $ 20,134 $ 13,797
Net income per share - basic (in dollars per share) $ 2.18 $ 1.65 $ 6.22 $ 4.15
Net income per share - diluted (in dollars per share) $ 2.18 $ 1.65 $ 6.22 $ 4.15