| 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, 2026 | | $ | (11,670) | | $ | (1,271) | | $ | 364 | | $ | (12,577) | | | | | | | | | | | | | | Other comprehensive (loss) income arising during the period | | | (788) | | | — | | | 128 | | | (660) | Related income tax effects | | | 165 | | | — | | | (33) | | | 132 | | | | (623) | | | — | | | 95 | | | (528) | | | | | | | | | | | | | | Reclassifications into net income | | | 7,129 | | | (17) | | | — | | | 7,112 | Related income tax effects | | | (1,497) | | | 3 | | | — | | | (1,494) | | | | 5,632 | | | (14) | | | — | | | 5,618 | | | | | | | | | | | | | | Other comprehensive income (loss), net of tax | | | 5,009 | | | (14) | | | 95 | | | 5,090 | | | | | | | | | | | | | | Accumulated other comprehensive (loss) income at June 30, 2026 | | $ | (6,661) | | $ | (1,285) | | $ | 459 | | $ | (7,487) |
| | | | | | | | | | | | | | | 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) |
Changes in each component of accumulated other comprehensive loss were as follows for the six months ended June 30, 2026 and 2025. | | | | | | | | | | | | | | | Securities | | Defined | | Cash | | | | | | Available | | Benefit | | Flow | | | (Dollars in thousands) | | For Sale | | Plan | | Hedges | | Total | Accumulated other comprehensive (loss) income at December 31, 2025 | | $ | (10,212) | | $ | (1,258) | | $ | 304 | | $ | (11,166) | | | | | | | | | | | | | | Other comprehensive (loss) income arising during the period | | | (2,634) | | | — | | | 210 | | | (2,424) | Related income tax effects | | | 553 | | | — | | | (54) | | | 499 | | | | (2,081) | | | — | | | 156 | | | (1,925) | | | | | | | | | | | | | | Reclassifications into net income | | | 7,129 | | | (34) | | | (2) | | | 7,093 | Related income tax effects | | | (1,497) | | | 7 | | | 1 | | | (1,489) | | | | 5,632 | | | (27) | | | (1) | | | 5,604 | | | | | | | | | | | | | | Other comprehensive income (loss), net of tax | | | 3,551 | | | (27) | | | 155 | | | 3,679 | | | | | | | | | | | | | | Accumulated other comprehensive (loss) income at June 30, 2026 | | $ | (6,661) | | $ | (1,285) | | $ | 459 | | $ | (7,487) |
| | | | | | | | | | | | | | | 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) |
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| 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) | | 2026 | | 2025 | | | 2026 | | 2025 | | Statements of Income | Securities available for sale: | | | | | | | | | | | | | | | | Reclassification of net realized losses into net income | | $ | (7,129) | | $ | — | | | $ | (7,129) | | $ | — | | Net losses on sales, maturities and calls of available for sale securities | Related income tax effects | | | 1,497 | | | — | | | | 1,497 | | | — | | Income tax expense | | | | (5,632) | | | — | | | | (5,632) | | | — | | Net of tax | | | | | | | | | | | | | | | | | Defined benefit plan:1 | | | | | | | | | | | | | | | | Reclassification of recognized net actuarial losses into net income | | | — | | | (18) | | | | — | | | (23) | | Noninterest expenses - Other | Amortization of prior service credit into net income | | | 17 | | | 17 | | | | 34 | | | 34 | | Noninterest expenses - Other | Related income tax effects | | | (3) | | | 1 | | | | (7) | | | (2) | | Income tax expense | | | | 14 | | | — | | | | 27 | | | 9 | | Net of tax | | | | | | | | | | | | | | | | | Cash flow hedges: | | | | | | | | | | | | | | | | Amortization of hedging gains into net income | | | — | | | (19) | | | | 2 | | | (17) | | Interest expense - Trust preferred capital notes | Related income tax effects | | | — | | | 5 | | | | (1) | | | 4 | | Income tax expense | | | | — | | | (14) | | | | 1 | | | (13) | | Net of tax | | | | | | | | | | | | | | | | | Total | | $ | (5,618) | | $ | (14) | | | $ | (5,604) | | $ | (4) | | |
| 1 | See “Note 9: Employee Benefit Plans,” for additional information. |
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| Schedule of components earnings per share calculations |
| | | | | | | | | Three Months Ended June 30, | (Dollars in thousands) | | 2026 | | 2025 | Net income attributable to C&F Financial Corporation | | $ | 8,563 | | $ | 7,691 | Weighted average shares outstanding—basic and diluted | | | 3,252,163 | | | 3,238,765 |
| | | | | | | | | Six Months Ended June 30, | (Dollars in thousands) | | 2026 | | 2025 | Net income attributable to C&F Financial Corporation | | $ | 15,310 | | $ | 13,059 | Weighted average shares outstanding—basic and diluted | | | 3,250,334 | | | 3,236,849 |
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