v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Interest income    
Interest and fees on loans $ 34,715 $ 32,382
Interest on interest-bearing deposits in other banks 651 502
Interest and dividends on securities    
U.S. treasury, government agencies and corporations 259 289
Mortgage-backed securities 1,660 1,394
Tax-exempt obligations of states and political subdivisions 1,094 911
Taxable obligations of states and political subdivisions 194 195
Corporate and other 573 315
Total interest income 39,146 35,988
Interest expense    
Savings and interest-bearing deposits 2,263 1,805
Time deposits 7,586 7,964
Borrowings 1,236 859
Trust preferred capital notes 352 350
Total interest expense 11,437 10,978
Net interest income 27,709 25,010
Provision for credit losses 3,600 3,000
Net interest income after provision for credit losses 24,109 22,010
Noninterest income    
Gains on sales of loans 2,545 1,847
Interchange income 1,577 1,475
Service charges on deposit accounts 1,020 990
Investment income from other equity interests 372 207
Mortgage banking fee income 850 570
Wealth management services income, net 808 732
Mortgage lender services income 820 536
Other service charges and fees 504 498
Other income, net 54 718
Total noninterest income 8,550 7,573
Noninterest expenses    
Salaries and employee benefits 14,357 13,483
Occupancy 2,215 2,193
Data processing 3,175 2,866
Professional fees 917 921
Insurance expense 430 491
Marketing and advertising expenses 547 529
Loan processing and collection expenses 873 683
Other 1,801 1,893
Total noninterest expenses 24,315 23,059
Income before income taxes 8,344 6,524
Income tax expense 1,550 1,129
Net income 6,794 5,395
Less net income attributable to noncontrolling interest 47 27
Net income attributable to C&F Financial Corporation $ 6,747 $ 5,368
Net income per share - basic (in dollars per share) $ 2.08 $ 1.66
Net income per share - diluted (in dollars per share) $ 2.08 $ 1.66