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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income        
Interest and fees on loans $ 22,254 $ 21,673 $ 65,497 $ 63,116
Interest on interest-bearing deposits and federal funds sold 460 527 1,631 1,544
Interest and dividends on securities        
U.S. government agencies and corporations 109 90 311 265
Mortgage-backed securities 528 583 1,706 1,694
Tax-exempt obligations of states and political subdivisions 504 675 1,643 2,086
Taxable obligations of states and political subdivisions 86 84 272 229
Other 51 59 159 152
Total interest income 23,992 23,691 71,219 69,086
Interest expense        
Savings and interest-bearing deposits 538 411 1,737 1,123
Time deposits 1,868 1,020 4,798 2,957
Borrowings 1,091 1,081 3,322 3,102
Trust preferred capital notes 272 291 867 861
Total interest expense 3,769 2,803 10,724 8,043
Net interest income 20,223 20,888 60,495 61,043
Provision for loan losses 1,800 2,400 6,005 7,700
Net interest income after provision for loan losses 18,423 18,488 54,490 53,343
Noninterest income        
Gains on sales of loans 3,205 1,752 8,296 6,399
Service charges on deposit accounts 1,012 1,031 2,874 3,121
Other service charges and fees 1,769 1,296 4,521 3,900
Net gains on maturities and calls of available for sale securities 3 5 8 9
Wealth management services income, net 529 441 1,453 1,325
Interchange income 1,105 981 3,134 2,868
Other 607 1,121 3,249 2,692
Total noninterest income 8,230 6,627 23,535 20,314
Noninterest expenses        
Salaries and employee benefits 11,730 10,967 35,132 32,773
Occupancy 2,226 2,207 6,564 6,262
Other 6,346 5,500 17,832 16,939
Total noninterest expenses 20,302 18,674 59,528 55,974
Income before income taxes 6,351 6,441 18,497 17,683
Income tax expense 1,466 1,340 3,999 3,620
Net income 4,885 5,101 14,498 14,063
Less net income attributable to noncontrolling interest 5   4  
Net income attributable to C&F Financial Corporation $ 4,880 $ 5,101 $ 14,494 $ 14,063
Net income per share - basic and diluted $ 1.42 $ 1.46 $ 4.19 $ 4.02