Exhibit 10.16

BASE SALARIES FOR NAMED EXECUTIVE OFFICERS

OF

C&F FINANCIAL CORPORATION

The following are the base salaries (on an annual basis) effective as of January 1, 2012 of the named executive officers of C&F Financial Corporation:

Larry G. Dillon	$	275,000
Chairman, President and Chief Executive Officer
Thomas F. Cherry	$	230,000
Executive Vice President, Chief Financial Officer and Secretary
Bryan E. McKernon	$	195,000
President and Chief Executive Officer of C&F Mortgage Corporation