v3.26.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Interest income        
Interest and fees on loans $ 35,690 $ 33,716 $ 70,405 $ 66,098
Interest on interest-bearing deposits in other banks 471 413 1,122 915
Interest and dividends on securities        
U.S. treasury, government agencies and corporations 181 278 440 567
Mortgage-backed securities 2,102 1,533 3,762 2,927
Tax-exempt obligations of states and political subdivisions 1,128 953 2,222 1,864
Taxable obligations of states and political subdivisions 213 197 407 392
Corporate and other 566 317 1,139 632
Total interest income 40,351 37,407 79,497 73,395
Interest expense        
Savings and interest-bearing deposits 2,240 2,006 4,503 3,811
Time deposits 7,526 7,547 15,112 15,511
FHLB advances 328 447 757 887
Subordinated notes 1,110 756 2,212 1,353
Other borrowings 57 143 114 315
Total interest expense 11,261 10,899 22,698 21,877
Net interest income 29,090 26,508 56,799 51,518
Provision for credit losses 2,650 2,100 6,250 5,100
Net interest income after provision for credit losses 26,440 24,408 50,549 46,418
Noninterest income        
Gains on sales of loans 2,436 2,458 4,981 4,305
Interchange income 1,673 1,621 3,250 3,096
Service charges on deposit accounts 1,061 1,022 2,081 2,012
Investment income from other equity interests 8,332 127 8,704 334
Mortgage banking fee income 985 888 1,835 1,458
Wealth management services income, net 847 756 1,655 1,488
Mortgage lender services income 969 762 1,789 1,298
Other service charges and fees 517 551 1,021 1,049
Net losses on sales, maturities and calls of available for sale securities (7,129)   (7,129)  
Other income, net 2,085 1,663 2,139 2,381
Total noninterest income 11,776 9,848 20,326 17,421
Noninterest expenses        
Salaries and employee benefits 16,501 14,846 30,858 28,329
Occupancy 2,402 2,099 4,617 4,292
Data processing 3,403 2,989 6,578 5,855
Professional fees 943 1,001 1,860 1,922
Insurance expense 440 416 870 907
Marketing and advertising expenses 639 549 1,186 1,078
Loan processing and collection expenses 918 745 1,791 1,428
Other 2,101 1,985 3,902 3,878
Total noninterest expenses 27,347 24,630 51,662 47,689
Income before income taxes 10,869 9,626 19,213 16,150
Income tax expense 2,243 1,859 3,793 2,988
Net income 8,626 7,767 15,420 13,162
Less net income attributable to noncontrolling interest 63 76 110 103
Net income attributable to C&F Financial Corporation $ 8,563 $ 7,691 $ 15,310 $ 13,059
Net income per share - basic (in dollars per share) $ 2.63 $ 2.37 $ 4.71 $ 4.03
Net income per share - diluted (in dollars per share) $ 2.63 $ 2.37 $ 4.71 $ 4.03