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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income        
Interest and fees on loans $ 33,716 $ 31,407 $ 66,098 $ 60,993
Interest on interest-bearing deposits in other banks 413 163 915 422
Interest and dividends on securities        
U.S. treasury, government agencies and corporations 278 434 567 1,036
Mortgage-backed securities 1,533 927 2,927 1,813
Tax-exempt obligations of states and political subdivisions 953 885 1,864 1,768
Taxable obligations of states and political subdivisions 197 184 392 368
Corporate and other 317 312 632 620
Total interest income 37,407 34,312 73,395 67,020
Interest expense        
Savings and interest-bearing deposits 2,006 1,550 3,811 3,164
Time deposits 7,547 7,700 15,511 14,616
Borrowings 988 940 1,847 1,662
Trust preferred capital notes 358 294 708 592
Total interest expense 10,899 10,484 21,877 20,034
Net interest income 26,508 23,828 51,518 46,986
Provision for credit losses 2,100 2,550 5,100 6,050
Net interest income after provision for credit losses 24,408 21,278 46,418 40,936
Noninterest income        
Gains on sales of loans 2,458 1,701 4,305 2,989
Interchange income 1,621 1,572 3,096 3,047
Service charges on deposit accounts 1,022 1,050 2,012 2,097
Investment income from other equity interests 127 170 334 337
Mortgage banking fee income 888 622 1,458 1,101
Wealth management services income, net 756 714 1,488 1,445
Mortgage lender services income 762 499 1,298 1,002
Other service charges and fees 551 423 1,049 819
Other income (loss), net 1,663 573 2,381 1,979
Total noninterest income 9,848 7,324 17,421 14,816
Noninterest expenses        
Salaries and employee benefits 14,846 13,452 28,329 27,704
Occupancy 2,099 2,063 4,292 4,195
Data processing 2,989 2,963 5,855 5,792
Professional fees 1,001 884 1,922 1,799
Insurance expense 416 409 907 815
Marketing and advertising expenses 549 316 1,078 484
Loan processing and collection expenses 745 675 1,428 1,303
Other 1,985 1,611 3,878 3,431
Total noninterest expenses 24,630 22,373 47,689 45,523
Income before income taxes 9,626 6,229 16,150 10,229
Income tax expense 1,859 1,195 2,988 1,760
Net income 7,767 5,034 13,162 8,469
Less net income attributable to noncontrolling interest 76 27 103 61
Net income attributable to C&F Financial Corporation $ 7,691 $ 5,007 $ 13,059 $ 8,408
Net income per share - basic (in dollars per share) $ 2.37 $ 1.5 $ 4.03 $ 2.5
Net income per share - diluted (in dollars per share) $ 2.37 $ 1.5 $ 4.03 $ 2.5