C&F Financial (CFFI) 10-Q 4 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 03, 2021
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	000-23423
Entity Registrant Name	C & F FINANCIAL CORP
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1680165
Entity Address, Address Line One	3600 La Grange Parkway
Entity Address, City or Town	Toano
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23168
City Area Code	804
Local Phone Number	843-2360
Title of 12(b) Security	Common Stock, $1.00 par value per share
Trading Symbol	CFFI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,683,251
Entity Central Index Key	0000913341
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets
Cash and due from banks	$ 13,845	$ 17,742
Interest-bearing deposits in other banks	133,593	68,927
Total cash and cash equivalents	147,438	86,669
Securities-available for sale at fair value, amortized cost of $318,723 and $280,824, respectively	321,285	286,389
Loans held for sale, at fair value	177,350	214,266
Loans, net of allowance for loan losses of $39,033 and $39,156, respectively	1,346,003	1,313,250
Restricted stock, at cost	1,027	1,636
Corporate premises and equipment, net	45,223	44,132
Other real estate owned, net of valuation allowance of $207 and $207, respectively	907	907
Accrued interest receivable	7,723	8,103
Goodwill	25,191	25,191
Other intangible assets, net	2,213	2,291
Bank-owned life insurance	20,332	20,205
Net deferred tax asset	13,931	13,555
Other assets	60,015	69,716
Total assets	2,168,638	2,086,310
Deposits
Noninterest-bearing demand deposits	548,755	501,945
Savings and interest-bearing demand deposits	825,127	780,645
Time deposits	458,100	469,583
Total deposits	1,831,982	1,752,173
Short-term borrowings	23,926	20,455
Long-term borrowings	30,484	30,398
Trust preferred capital notes	25,325	25,316
Accrued interest payable	734	1,109
Other liabilities	57,495	62,388
Total liabilities	1,969,946	1,891,839
Commitments and contingent liabilities (Note 11)
Equity
Common stock ($1.00 par value, 8,000,000 shares authorized, 3,683,015 and 3,670,301 shares issued and outstanding, respectively, includes 157,065 and 155,945 of unvested shares, respectively)	3,526	3,514
Additional paid-in capital	21,622	21,427
Retained earnings	176,481	170,819
Accumulated other comprehensive loss, net	(3,560)	(1,955)
Equity attributable to C&F Financial Corporation	198,069	193,805
Noncontrolling interest	623	666
Total equity	198,692	194,471
Total liabilities and equity	$ 2,168,638	$ 2,086,310

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Consolidated Balance Sheets
Available-for-sale securities, amortized cost	$ 318,723	$ 280,824
Loans, allowance for loan losses	39,033	39,156
Other real estate owned, valuation allowance	$ 207	$ 207
Common stock par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	8,000,000	8,000,000
Common stock, shares issued	3,683,015	3,670,301
Common stock, shares outstanding	3,683,015	3,670,301
Common stock, unvested shares	157,065	155,945

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Interest income
Interest and fees on loans	$ 21,813	$ 22,897
Interest on interest-bearing deposits and federal funds sold	46	598
Interest and dividends on securities
U.S. government agencies and corporations	125	126
Mortgage-backed securities	409	520
Tax-exempt obligations of states and political subdivisions	469	496
Taxable obligations of states and political subdivisions	90	92
Other	124	49
Total interest income	23,076	24,778
Interest expense
Savings and interest-bearing deposits	359	586
Time deposits	1,308	2,299
Borrowings	449	1,001
Trust preferred capital notes	284	289
Total interest expense	2,400	4,175
Net interest income	20,676	20,603
Provision for loan losses	280	2,650
Net interest income after provision for loan losses	20,396	17,953
Noninterest income
Gains on sales of loans	7,058	3,676
Mortgage banking fee income	1,856	1,305
Interchange income	1,318	1,089
Service charges on deposit accounts	819	1,002
Wealth management services income, net	702	585
Mortgage lender services income	778	242
Other service charges and fees	389	375
Net gains on sales, maturities and calls of available for sale securities	32	4
Other income (loss), net	1,404	(1,530)
Total noninterest income	14,356	6,748
Noninterest expenses
Salaries and employee benefits	15,613	10,817
Occupancy	2,360	2,047
Other	7,327	7,221
Total noninterest expenses	25,300	20,085
Income before income taxes	9,452	4,616
Income tax expense	2,287	977
Net income	7,165	3,639
Less net income (loss) attributable to noncontrolling interest	104	61
Net income attributable to C&F Financial Corporation	$ 7,061	$ 3,578
Net income per share - basic and diluted (in dollars per share)	$ 1.92	$ 0.98

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income		$ 7,165	$ 3,639
Defined benefit plan:
Reclassification of recognized net actuarial losses into net income	[1]	60	42
Related income tax effects		(13)	(9)
Amortization of prior service credit into net income	[1]	(17)	(17)
Related income tax effects		4	4
Defined benefit plan, net of tax		34	20
Cash flow hedges:
Unrealized holding (losses) gains arising during the period		990	(1,974)
Related income tax effects		(255)	508
Amortization of hedging gains into net income	[2]	(2)	(3)
Related income tax effects		1	1
Cash flow hedges, net of tax		734	(1,468)
Securities available for sale:
Unrealized holding gains (losses) arising during the period		(2,971)	2,209
Related income tax effects		623	(464)
Reclassification of net realized gains into net income	[3]	(32)	(4)
Related income tax effects		7	1
Securities available for sale, net of tax		(2,373)	1,742
Other comprehensive income (loss), net of tax		(1,605)	294
Comprehensive income		5,560	3,933
Less comprehensive income (loss) attributable to noncontrolling interest		104	61
Comprehensive income attributable to C&F Financial Corporation		$ 5,456	$ 3,872
[1]	These items are included in the computation of net periodic benefit cost and are included in “Noninterest income – Other” on the Consolidated Statements of Income. See “Note 8: Employee Benefit Plans,” for additional information.
[2]	These items are included in “Interest expense – Trust preferred capital notes” on the Consolidated Statements of Income.
[3]	These items are included in “Net gains on sales, maturities and calls of available for sale securities” on the Consolidated Statements of Income.

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss, Net	Noncontrolling Interest	Total
Balance, beginning of the period at Dec. 31, 2019	$ 3,296	$ 9,503	$ 154,248	$ (2,249)	$ 481	$ 165,279
Comprehensive income:
Net income (loss)			3,578		61	3,639
Other comprehensive income (loss)				294		294
Share-based compensation		389				389
Restricted stock vested	16	(16)
Acquisition of Peoples Bankshares, Incorporated	210	11,402				11,612
Common stock issued	1	36				37
Common stock purchased	(14)	(604)				(618)
Cash dividends declared			(1,388)			(1,388)
Balance, end of period at Mar. 31, 2020	3,509	20,710	156,438	(1,955)	542	179,244
Balance, beginning of the period at Dec. 31, 2020	3,514	21,427	170,819	(1,955)	666	194,471
Comprehensive income:
Net income (loss)			7,061		104	7,165
Other comprehensive income (loss)				(1,605)		(1,605)
Share-based compensation		392				392
Restricted stock vested	16	(16)
Common stock issued	2	42				44
Common stock purchased	(6)	(223)				(229)
Cash dividends declared			(1,399)			(1,399)
Distributions to noncontrolling interest					(147)	(147)
Balance, end of period at Mar. 31, 2021	$ 3,526	$ 21,622	$ 176,481	$ (3,560)	$ 623	$ 198,692

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
CONSOLIDATED STATEMENTS OF EQUITY
Cash dividends declared - common stock (in dollars per share)	$ 0.38	$ 0.38

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Operating activities:
Net income	$ 7,165	$ 3,639
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for loan losses	280	2,650
Accretion of certain acquisition-related discounts, net	(743)	(1,259)
Share-based compensation	392	389
Depreciation and amortization	1,189	968
Accretion of discounts and amortization of premiums on securities, net	833	370
Income from bank-owned life insurance	(112)	(103)
Pension expense	206	172
Proceeds from sales of loans held for sale	462,469	227,422
Origination of loans held for sale	(424,082)	(253,868)
Gains on sales of loans held for sale	(7,058)	(3,676)
Other (gains) losses, net	(59)	253
Change in other assets and liabilities:
Accrued interest receivable	380	(47)
Other assets	198	4,455
Accrued interest payable	(375)	(43)
Other liabilities	451	(3,100)
Net cash provided by (used in) operating activities	41,134	(21,778)
Investing activities:
Acquisition of Peoples Bankshares, Incorporated		19,101
Disposition of assets related to business combination		8,004
Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities	33,712	39,063
Purchases of securities available for sale	(72,413)	(64,746)
Purchases of time deposits, net	1,976	251
Repayments on loans held for investment by non-bank affiliates	35,907	32,448
Purchases of loans held for investment by non-bank affiliates	(41,064)	(29,305)
Net increase in community banking loans held for investment	(22,770)	(4,911)
Purchases of corporate premises and equipment	(2,123)	(1,548)
Changes in collateral posted with other financial institutions, net	4,300	(8,270)
Other investing activities, net	683	229
Net cash used in investing activities	(61,792)	(9,684)
Financing activities:
Net increase in demand and savings deposits	91,293	12,632
Net (decrease) increase in time deposits	(11,414)	8,745
Net increase in short-term borrowings	3,471	2,030
Repayments of long-term borrowings		(7,519)
Repurchases of common stock	(229)	(355)
Cash dividends paid	(1,399)	(1,388)
Other financing activities, net	(295)	(107)
Net cash provided by financing activities	81,427	14,038
Net increase (decrease) in cash and cash equivalents	60,769	(17,424)
Cash and cash equivalents at beginning of period	86,669	165,433
Cash and cash equivalents at end of period	147,438	148,009
Supplemental cash flow disclosures:
Interest paid	2,856	4,175
Income taxes paid		3
Supplemental disclosure of noncash investing and financing activities:
Liabilities assumed to acquire right of use assets under operating leases	$ 118	$ 204

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2021
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	C&F FINANCIAL CORPORATION AND SUBSIDIARIES NOTE S TO CONSOLIDATED INTERIM FINANCIAL STATEMENTS (Unaudited) ​ NOTE 1: Summary of Significant Accounting Policies ​ Principles of Consolidation: ​ The unaudited consolidated financial statements include the accounts of C&F Financial Corporation (the Corporation), its direct wholly-owned subsidiary, Citizens and Farmers Bank (the Bank or C&F Bank) and indirect subsidiaries that are wholly-owned or controlled. Subsidiaries that are less than wholly owned are fully consolidated if they are controlled by the Corporation or one of its subsidiaries, and the portion of any subsidiary not owned by the Corporation is reported as noncontrolling interest. All significant intercompany accounts and transactions have been eliminated in consolidation. In addition, the Corporation owns all of the common stock of C&F Financial Statutory Trust I, C&F Financial Statutory Trust II and Central Virginia Bankshares Statutory Trust I, all of which are unconsolidated subsidiaries. The subordinated debt owed to these trusts is reported as liabilities of the Corporation. The accounting and reporting policies of the Corporation conform to U.S. GAAP and to predominant practices within the banking industry. ​ Nature of Operations: ​ C&F Bank has five wholly-owned subsidiaries: C&F Mortgage Corporation (C&F Mortgage), C&F Finance Company (C&F Finance), C&F Wealth Management Corporation (C&F Wealth Management), C&F Insurance Services, Inc. and CVB Title Services, Inc., all incorporated under the laws of the Commonwealth of Virginia. C&F Mortgage, organized in September 1995, originates and sells residential mortgages, provides mortgage loan origination services to third-party lenders and, through its subsidiary Certified Appraisals LLC, provides ancillary mortgage loan production services for residential appraisals. C&F Mortgage owns a 51 percent interest in C&F Select LLC, which was organized in January 2019 and is also engaged in the business of originating and selling residential mortgages. C&F Finance, acquired in September 2002, is a finance company purchasing automobile, marine and recreational vehicle (RV) loans through indirect lending programs. C&F Wealth Management, organized in April 1995, is a full-service brokerage firm offering a comprehensive range of wealth management services and insurance products through third-party service providers. C&F Insurance Services, Inc. and CVB Title Services, Inc. were organized for the primary purpose of owning equity interests in an independent insurance agency and a full service title and settlement agency, respectively. Business segment data is presented in Note 10. ​ Basis of Presentation: ​ The COVID-19 pandemic has caused a significant disruption in economic activity worldwide, including in market areas served by the Corporation. Estimates for the allowance for loan losses at March 31, 2021 include probable losses related to the pandemic. While there have been signals of economic recovery and a resumption of many types of business activity, there remains significant uncertainty involved in the measurement of these losses. If economic conditions deteriorate further, then additional provision for loan losses may be required in future periods. It is unknown how long these conditions will last and what the ultimate financial impact will be to the Corporation. ​ Reclassification: ​ Business Combination: ​ Derivative Financial Instruments: ​ Income Taxes: ​ Share-Based Compensation: ​ A summary of activity for restricted stock awards during the first three months of 2021 and 2020 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ Weighted- ​ ​ ​ ​ Average ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value Unvested, December 31, 2020 155,945 ​ $ 48.52 ​ Granted ​ 18,975 ​ 43.70 ​ Vested (16,105) ​ 43.05 ​ Forfeited (1,750) ​ 45.50 ​ Unvested, March 31, 2021 157,065 ​ ​ 48.53 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ ​ Shares ​ Fair Value ​ Unvested, December 31, 2019 142,020 ​ $ 48.88 ​ Granted 14,650 ​ 53.22 ​ Vested (16,230) ​ 39.97 ​ Forfeited (620) ​ 53.46 ​ Unvested, March 31, 2020 139,820 ​ ​ 50.39 ​ ​ Recent Significant Accounting Pronouncements: ​ In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments Financial Instruments – Credit Losses (Topic 326): Targeted Transition Relief Financial Instruments—Credit losses (Topic 326), Derivatives and hedging (Topic 815), and Leases (Topic 842)—Effective dates, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Financial Instruments-Credit Losses (Topic 326) and Leases (Topic 842) Codification Improvements to Financial Instruments ​ The amendments of ASC 326, upon adoption, will be applied on a modified retrospective basis, with the cumulative effect of adopting the new standard being recorded as an adjustment to opening retained earnings in the period of adoption. The Corporation has established a working group to prepare for and implement changes related to ASC 326 and has gathered historical loan loss data for purposes of evaluating appropriate portfolio segmentation and modeling methods under the standard. The Corporation has performed procedures to validate the historical loan loss data to ensure its suitability and reliability for purposes of developing an estimate of expected credit losses under ASC 326. The Corporation has engaged a vendor to assist in modeling expected lifetime losses under ASC 326, and is continuing to develop and refine an approach to estimating the allowance for credit losses. The adoption of ASC 326 will result in significant changes to the Corporation’s consolidated financial statements, which may include changes in the level of the allowance for credit losses that will be considered adequate, a reduction in total equity and regulatory capital of C&F Bank, differences in the timing of recognizing changes to the allowance for credit losses and expanded disclosures about the allowance for credit losses. The Corporation has not yet determined an estimate of the effect of these changes. The adoption of the standard will also result in significant changes in the Corporation’s internal control over financial reporting related to the allowance for credit losses. ​ Other accounting standards that have been issued by the FASB or other standards-setting bodies are not currently expected to have a material effect on the Corporation’s financial position, results of operations or cash flows. ​

Business Combination

Business Combination	3 Months Ended
	Mar. 31, 2021
Business Combination
Business Combination	NOTE 2: Business Combination ​ On January 1, 2020, the Corporation completed its acquisition of Peoples. Peoples shareholders received 0.5366 shares of the Corporation’s common stock and $27.00 in cash for each share of Peoples common stock, with cash paid in lieu of any fractional shares of the Corporation’s common stock. In connection with the transaction, the Corporation paid aggregate cash consideration of $10.58 million and issued 209,871 shares of its common stock to the shareholders of Peoples. ​ The Corporation accounted for the acquisition using the acquisition method of accounting in accordance with ASC 805, Business Combinations ​ The following table presents as of January 1, 2020 the total consideration paid by the Corporation in connection with the acquisition of Peoples, the fair values of the assets acquired and liabilities assumed, and the resulting goodwill. ​ ​ ​ ​ ​ ​ ​ Amounts ​ ​ ​ Recognized as of ​ (Dollars in thousands) ​ January 1, 2020 ​ Purchase price: ​ ​ ​ ​ Cash paid ​ $ 10,579 ​ Common stock issued ​ 11,612 ​ Total purchase price ​ $ 22,191 ​ ​ ​ ​ ​ ​ Identifiable assets acquired: ​ ​ ​ ​ Cash and cash equivalents ​ $ 29,680 ​ Securities available for sale ​ 17,169 ​ Loans ​ 124,195 ​ Accrued interest receivable ​ ​ 430 ​ Corporate premises and equipment ​ 3,105 ​ Other real estate owned ​ 281 ​ Core deposit intangible asset ​ 1,711 ​ Bank-owned life insurance ​ ​ 3,591 ​ Investment in small business investment company ​ ​ 1,493 ​ Other receivables ​ ​ 5,234 ​ Other assets ​ 3,658 ​ Total identifiable assets acquired ​ 190,547 ​ ​ ​ ​ ​ ​ Identifiable liabilities assumed: ​ ​ ​ ​ Demand and savings deposits ​ 94,798 ​ Time deposits ​ ​ 77,018 ​ Borrowings ​ 4,245 ​ Accrued interest payable ​ 260 ​ Salaries, benefits and deferred compensation ​ ​ 2,054 ​ Other liabilities ​ 747 ​ Total identifiable liabilities assumed ​ 179,122 ​ ​ ​ ​ ​ ​ Net identifiable assets acquired ​ $ 11,425 ​ ​ ​ ​ ​ ​ Goodwill resulting from acquisition ​ $ 10,766 ​ ​ In connection with the acquisition, the Corporation recorded approximately $10.77 million of goodwill and $1.71 million of other intangible assets related to the core deposits of Peoples. The goodwill arising from the acquisition of Peoples is not deductible for income taxes. The core deposit intangible asset (CDI) will be amortized over a period of 15 years using a declining balance method. ​ Loans acquired from Peoples had aggregate outstanding principal of $131.92 million and an estimated fair value of $124.20 million. The discount between the outstanding principal balance and fair value represents expected credit losses and adjustments for market interest rates. Under the acquisition method, the allowance for loan losses recorded in the books of Peoples in the amount of $2.87 million was not carried over into the books of the Corporation. Loans that have evidence of deterioration in credit quality since origination are categorized as purchased credit impaired (PCI). PCI loans acquired from Peoples included medical student loans with an outstanding principal balance of $4.28 million and a fair value of $635,000 at January 1, 2020, which were purchased by Peoples and the performance of which was previously backed by surety bonds. The surety bonds were terminated in 2018 when the issuer of the bond was placed into liquidation by its insurance regulator, and replacement surety bond coverage was not obtained. The Bank subsequently sold these medical student loans during the year ending December 31, 2020. ​ Information about PCI loans acquired from Peoples as of January 1, 2020 is as follows: ​ ​ ​ ​ ​ ​ (Dollars in thousands) January 1, 2020 Contractual principal and interest due ​ $ 20,310 ​ Nonaccretable difference ​ (7,679) ​ Expected cash flows ​ 12,631 ​ Accretable yield ​ (3,372) ​ Purchased credit impaired loans - estimated fair value ​ $ 9,259 ​ ​ Fair values of the major categories of assets acquired and liabilities assumed were determined as follows: ​ Loans: ​ Core Deposit Intangible: ​ Deposits: ​ The revenue and earnings amounts specific to Peoples since the first quarter of 2020 that are included in the consolidated results for 2020 are not readily determinable. Disclosure of these amounts is impracticable due to the merging of certain processes and systems at the acquisition date. ​ The Corporation recorded merger related expenses in connection with the acquisition of Peoples of $957,000 ($785,000 after income taxes) for the three months ended March 31, 2020. The Corporation recorded aggregate merger related expenses of $2.10 million ($1.78 million after income taxes) during 2019 and 2020, including the integration of systems and operations and legal and consulting expenses, which were expensed as incurred.

Securities

Securities	3 Months Ended
	Mar. 31, 2021
Securities
Securities	NOTE 3: Securities ​ The Corporation’s debt securities, all of which are classified as available for sale, are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. government agencies and corporations ​ $ 54,900 ​ $ 105 ​ $ (1,324) ​ $ 53,681 ​ Mortgage-backed securities ​ 148,307 ​ 2,769 ​ (558) ​ 150,518 ​ Obligations of states and political subdivisions ​ 101,601 ​ 1,923 ​ (370) ​ 103,154 ​ Corporate and other debt securities ​ ​ 13,915 ​ ​ 79 ​ ​ (62) ​ ​ 13,932 ​ ​ ​ $ 318,723 ​ $ 4,876 ​ $ (2,314) ​ $ 321,285 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. government agencies and corporations ​ $ 48,171 ​ $ 121 ​ $ (10) ​ $ 48,282 ​ Mortgage-backed securities ​ 120,664 ​ 3,165 ​ (115) ​ 123,714 ​ Obligations of states and political subdivisions ​ 100,405 ​ 2,436 ​ (36) ​ 102,805 ​ Corporate and other debt securities ​ 11,584 ​ 47 ​ (43) ​ 11,588 ​ ​ ​ $ 280,824 ​ $ 5,769 ​ $ (204) ​ $ 286,389 ​ ​ The amortized cost and estimated fair value of securities at March 31, 2021, by the earlier of contractual maturity or expected maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Amortized ​ (Dollars in thousands) ​ Cost ​ Fair Value Due in one year or less ​ $ 63,112 ​ $ 62,695 ​ Due after one year through five years ​ 171,500 ​ 175,068 ​ Due after five years through ten years ​ 75,592 ​ 75,334 ​ Due after ten years ​ 8,519 ​ 8,188 ​ ​ ​ $ 318,723 ​ $ 321,285 ​ ​ The following table presents the gross realized gains and losses on and the proceeds from the sales, maturities and calls of securities. During the three months ended March 31, 2021 and 2020, $2.30 million and $5.99 million of proceeds, respectively, were related to sales of securities. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2021 2020 Realized gains from sales, maturities and calls of securities: ​ ​ ​ ​ ​ ​ Gross realized gains ​ $ 32 ​ $ 4 Gross realized losses ​ — ​ — Net realized gains ​ $ 32 ​ $ 4 Proceeds from sales, maturities, calls and paydowns of securities ​ $ 33,712 ​ $ 39,063 ​ The Corporation pledges securities primarily to secure public deposits and repurchase agreements. Securities with an aggregate amortized cost of $135.46 million and an aggregate fair value of $138.11 million were pledged at March 31, 2021. Securities with an aggregate amortized cost of $146.66 million and an aggregate fair value of $150.13 million were pledged at December 31, 2020. ​ Securities in an unrealized loss position at March 31, 2021, by duration of the period of the unrealized loss, are shown below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or More ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) ​ Value ​ Loss ​ Value ​ Loss ​ Value ​ Loss U.S. government agencies and corporations ​ $ 42,067 ​ $ 1,324 ​ $ — ​ $ — ​ $ 42,067 ​ $ 1,324 ​ Mortgage-backed securities ​ 48,067 ​ ​ 558 ​ — ​ — ​ 48,067 ​ 558 ​ Obligations of states and political subdivisions ​ 21,881 ​ 370 ​ — ​ — ​ 21,881 ​ 370 ​ Corporate and other debt securities ​ ​ 6,258 ​ ​ 62 ​ ​ — ​ ​ — ​ ​ 6,258 ​ ​ 62 ​ Total temporarily impaired securities ​ $ 118,273 ​ $ 2,314 ​ $ — ​ $ — ​ $ 118,273 ​ $ 2,314 ​ ​ There were 106 debt securities totaling $118.27 million of aggregate fair value considered temporarily impaired at March 31, 2021. The primary cause of the temporary impairments in the Corporation’s investments in debt securities was fluctuations in interest rates. The Corporation concluded that no other-than-temporary impairment existed in its securities portfolio at March 31, 2021, and no other-than-temporary impairment loss has been recognized in net income, based primarily on the fact that changes in fair value were caused primarily by fluctuations in interest rates, there were no securities with unrealized losses that were significant relative to their carrying amounts, no securities have been in an unrealized loss position continuously for more than 12 months, securities with unrealized losses had generally high credit quality, the Corporation intends to hold these investments in debt securities to maturity and it is more-likely-than-not that the Corporation will not be required to sell these investments before a recovery of its investment, and issuers have continued to make timely payments of principal and interest. Additionally, the Corporation’s mortgage-backed securities are entirely issued by either U.S. government agencies or U.S. government-sponsored enterprises. Collectively, these entities provide a guarantee, which is either explicitly or implicitly supported by the full faith and credit of the U.S. government, that investors in such mortgage-backed securities will receive timely principal and interest payments. ​ Securities in an unrealized loss position at December 31, 2020, by duration of the period of the unrealized loss, are shown below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or More ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) ​ Value ​ Loss ​ Value ​ Loss ​ Value ​ Loss U.S. government agencies and corporations ​ $ 12,719 ​ $ 10 ​ $ — ​ $ — ​ $ 12,719 ​ $ 10 ​ Mortgage-backed securities ​ ​ 15,691 ​ 115 ​ — ​ — ​ 15,691 ​ 115 ​ Obligations of states and political subdivisions ​ ​ 5,110 ​ ​ 36 ​ ​ — ​ ​ — ​ ​ 5,110 ​ ​ 36 ​ Corporate and other debt securities ​ 4,271 ​ 43 ​ — ​ — ​ 4,271 ​ 43 ​ Total temporarily impaired securities ​ $ 37,791 ​ $ 204 ​ $ — ​ $ — ​ $ 37,791 ​ $ 204 ​ ​ The Corporation’s investment in restricted stock totaled $1.03 million at March 31, 2021 and consisted of Federal Home Loan Bank (FHLB) stock. Restricted stock is generally viewed as a long-term investment, which is carried at cost because there is no market for the stock other than the FHLBs. Therefore, when evaluating restricted stock for impairment, its value is based on the ultimate recoverability of the par value rather than by recognizing any temporary decline in value. The Corporation did not consider its investment in restricted stock to be other-than-temporarily impaired at March 31, 2021 and no impairment has been recognized.

Loans

Loans	3 Months Ended
	Mar. 31, 2021
Loans
Loans	NOTE 4: Loans ​ Major classifications of loans are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (Dollars in thousands) 2021 2020 Real estate – residential mortgage ​ $ 216,920 ​ $ 218,298 ​ Real estate – construction 1 ​ 52,884 ​ 62,147 ​ Commercial, financial and agricultural 2 ​ 741,980 ​ 700,215 ​ Equity lines ​ 46,976 ​ 48,466 ​ Consumer ​ 9,132 ​ 11,028 ​ Consumer finance ​ 317,144 ​ 312,252 ​ ​ ​ 1,385,036 ​ 1,352,406 ​ Less allowance for loan losses ​ (39,033) ​ (39,156) ​ Loans, net ​ $ 1,346,003 ​ $ 1,313,250 ​ 1 Includes the Corporation’s real estate construction lending and consumer real estate lot lending. 2 Includes the Corporation’s commercial real estate lending, land acquisition and development lending, builder line lending and commercial business lending (which includes loans originated under the PPP). ​ Consumer loans included $125,000 and $284,000 of demand deposit overdrafts at March 31, 2021 and December 31, 2020, respectively. ​ Loans acquired in business combinations are recorded in the Consolidated Balance Sheets at fair value at the acquisition date under the acquisition method of accounting. The outstanding principal balance and the carrying amount at March 31, 2021 and December 31, 2020 of loans acquired in business combinations were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 December 31, 2020 ​ Acquired Loans - Acquired Loans - ​ ​ Acquired Loans - Acquired Loans - ​ ​ ​ ​ Purchased ​ Purchased ​ Acquired Loans - ​ Purchased ​ Purchased ​ Acquired Loans - (Dollars in thousands) ​ Credit Impaired ​ Performing ​ Total ​ Credit Impaired ​ Performing ​ Total Outstanding principal balance ​ $ 11,931 ​ $ 79,015 ​ $ 90,946 ​ $ 12,760 ​ $ 89,043 ​ $ 101,803 ​ Carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate – residential mortgage ​ $ 914 ​ $ 14,007 ​ $ 14,921 ​ $ 1,473 ​ $ 15,117 ​ $ 16,590 ​ Real estate – construction ​ ​ — ​ ​ 1,077 ​ ​ 1,077 ​ ​ — ​ ​ 1,077 ​ ​ 1,077 ​ Commercial, financial and agricultural 1 ​ 4,872 ​ 51,880 ​ 56,752 ​ 4,758 ​ 58,796 ​ 63,554 ​ Equity lines ​ 50 ​ 8,861 ​ 8,911 ​ 80 ​ 10,182 ​ 10,262 ​ Consumer ​ 42 ​ 1,666 ​ 1,708 ​ 48 ​ 1,924 ​ 1,972 ​ Total acquired loans ​ $ 5,878 ​ $ 77,491 ​ $ 83,369 ​ $ 6,359 ​ $ 87,096 ​ $ 93,455 ​ 1 Includes acquired loans classified by the Corporation as commercial real estate lending and commercial business lending. ​ The following table presents a summary of the change in the accretable yield of loans classified as purchased credit impaired (PCI): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ (Dollars in thousands) 2021 2020 Accretable yield, balance at beginning of period ​ $ 4,048 ​ $ 4,721 ​ Acquisition of Peoples ​ — ​ 3,366 ​ Accretion ​ (517) ​ (959) ​ Reclassification of nonaccretable difference due to improvement in expected cash flows ​ 456 ​ 733 ​ Other changes, net ​ (69) ​ 57 ​ Accretable yield, balance at end of period ​ $ 3,918 ​ $ 7,918 ​ ​ Loans on nonaccrual status were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (Dollars in thousands) 2021 2020 Real estate – residential mortgage ​ $ 278 ​ $ 276 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ Commercial business lending ​ 2,409 ​ 2,428 ​ Equity lines ​ 189 ​ 191 ​ Consumer ​ 110 ​ 107 ​ Consumer finance ​ 182 ​ 402 ​ Total loans on nonaccrual status ​ $ 3,168 ​ $ 3,404 ​ ​ ​ The past due status of loans as of March 31, 2021 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90+ Days ​ ​ 30 - 59 Days ​ 60 - 89 Days ​ 90+ Days ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due and (Dollars in thousands) ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ PCI ​ Current 1 ​ Total Loans ​ Accruing Real estate – residential mortgage ​ $ 982 ​ $ 449 ​ $ 291 ​ $ 1,722 ​ $ 914 ​ $ 214,284 ​ $ 216,920 ​ $ 145 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ — ​ — ​ — ​ — ​ ​ — ​ 39,525 ​ 39,525 ​ — ​ Consumer lot lending ​ — ​ — ​ — ​ — ​ ​ — ​ 13,359 ​ 13,359 ​ — ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 219 ​ — ​ — ​ 219 ​ ​ 4,872 ​ 449,211 ​ 454,302 ​ — ​ Land acquisition and development lending ​ — ​ — ​ — ​ — ​ ​ — ​ 33,615 ​ 33,615 ​ — ​ Builder line lending ​ — ​ — ​ — ​ — ​ ​ — ​ 22,388 ​ 22,388 ​ — ​ Commercial business lending ​ — ​ — ​ — ​ — ​ ​ — ​ 231,675 ​ 231,675 ​ — ​ Equity lines ​ 51 ​ 64 ​ — ​ 115 ​ ​ 50 ​ 46,811 ​ 46,976 ​ — ​ Consumer ​ 26 ​ — ​ — ​ 26 ​ ​ 42 ​ 9,064 ​ 9,132 ​ — ​ Consumer finance ​ 4,242 ​ 518 ​ 182 ​ 4,942 ​ ​ — ​ 312,202 ​ 317,144 ​ — ​ Total ​ $ 5,520 ​ $ 1,031 ​ $ 473 ​ $ 7,024 ​ $ 5,878 ​ $ 1,372,134 ​ $ 1,385,036 ​ $ 145 ​ 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. ​ The table above includes nonaccrual loans that are current of $2.83 million, 30-59 days past due of $5,000 and 90+ days past due of $328,000. ​ The past due status of loans as of December 31, 2020 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90+ Days ​ ​ 30 - 59 Days ​ 60 - 89 Days ​ 90+ Days ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due and (Dollars in thousands) ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ PCI ​ Current 1 ​ Total Loans ​ Accruing Real estate – residential mortgage ​ $ 1,100 ​ $ 154 ​ $ 176 ​ $ 1,430 ​ $ 1,473 ​ $ 215,395 ​ $ 218,298 ​ $ 145 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ — ​ — ​ — ​ — ​ ​ — ​ 49,659 ​ 49,659 ​ — ​ Consumer lot lending ​ — ​ — ​ — ​ — ​ ​ — ​ 12,488 ​ 12,488 ​ — ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ — ​ — ​ — ​ — ​ ​ 4,758 ​ 437,145 ​ 441,903 ​ — ​ Land acquisition and development lending ​ — ​ — ​ — ​ — ​ ​ — ​ 37,724 ​ 37,724 ​ — ​ Builder line lending ​ — ​ — ​ — ​ — ​ ​ — ​ 18,194 ​ 18,194 ​ — ​ Commercial business lending ​ 24 ​ — ​ — ​ 24 ​ ​ — ​ 202,370 ​ 202,394 ​ — ​ Equity lines ​ 52 ​ — ​ — ​ 52 ​ ​ 80 ​ 48,334 ​ 48,466 ​ — ​ Consumer ​ 2 ​ — ​ — ​ 2 ​ ​ 48 ​ 10,978 ​ 11,028 ​ — ​ Consumer finance ​ 8,249 ​ 967 ​ 402 ​ 9,618 ​ ​ — ​ 302,634 ​ 312,252 ​ — ​ Total ​ $ 9,427 ​ $ 1,121 ​ $ 578 ​ $ 11,126 ​ $ 6,359 ​ $ 1,334,921 ​ $ 1,352,406 ​ $ 145 ​ 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. ​ The table above includes nonaccrual loans that are current of $2.86 million, 30-59 days past due of $115,000 and 90+ days past due of $433,000. ​ There was one loan modification during the three months ended March 31, 2021 that was classified as a troubled debt restructuring (TDR). This TDR was a residential mortgage with a recorded investment of $4,000 at the time of modification and included modifications of the loan’s payment structure. There was one loan modification during the three months ended March 31, 2020 that was classified as a TDR. This TDR was an equity line with a recorded investment of $84,000 at the time of its modification and included modifications of the loan’s payment structure. ​ All TDRs are considered impaired loans and are individually evaluated in the determination of the allowance for loan losses. A TDR payment default occurs when, within 12 months of the original TDR modification, either a full or partial charge-off occurs or a TDR becomes 90 days or more past due. The specific reserve associated with a TDR is reevaluated when a TDR payment default occurs. There were no TDR payment defaults during the three months ended March 31, 2021 and 2020. ​ Impaired loans, which included TDRs of $3.00 million, and the related allowance at March 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ ​ Average ​ ​ ​ ​ Unpaid ​ in Loans ​ in Loans ​ ​ ​ Balance- ​ Interest ​ ​ ​ Principal ​ without ​ with ​ Related ​ Impaired ​ Income ​ (Dollars in thousands) ​ Balance ​ Specific Reserve ​ Specific Reserve ​ Allowance ​ Loans ​ Recognized Real estate – residential mortgage ​ $ 1,753 ​ $ 446 ​ $ 1,194 ​ $ 69 ​ $ 1,758 ​ $ 17 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 1,395 ​ — ​ 1,395 ​ 95 ​ 1,396 ​ 18 ​ Commercial business lending ​ 2,430 ​ — ​ 2,408 ​ 625 ​ 2,410 ​ — ​ Equity lines ​ 120 ​ 110 ​ — ​ — ​ 117 ​ — ​ Consumer ​ 286 ​ — ​ 105 ​ 102 ​ 106 ​ — ​ Total ​ $ 5,984 ​ $ 556 ​ $ 5,102 ​ $ 891 ​ $ 5,787 ​ $ 35 ​ ​ Impaired loans, which included TDRs of $3.58 million, and the related allowance at December 31, 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ ​ Average ​ ​ ​ ​ Unpaid ​ in Loans ​ in Loans ​ ​ ​ Balance- ​ Interest ​ ​ ​ Principal ​ without ​ with ​ Related ​ Impaired ​ Income ​ (Dollars in thousands) ​ Balance ​ Specific Reserve ​ Specific Reserve ​ Allowance ​ Loans ​ Recognized Real estate – residential mortgage ​ $ 2,326 ​ $ 931 ​ $ 1,279 ​ $ 77 ​ $ 2,353 ​ $ 105 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 1,397 ​ — ​ 1,397 ​ 89 ​ 1,404 ​ 73 ​ Commercial business lending ​ 2,430 ​ — ​ 2,428 ​ 585 ​ 2,573 ​ — ​ Equity lines ​ 120 ​ 111 ​ — ​ — ​ 119 ​ 2 ​ Consumer ​ 147 ​ — ​ 132 ​ 128 ​ 154 ​ 3 ​ Total ​ $ 6,420 ​ $ 1,042 ​ $ 5,236 ​ $ 879 ​ $ 6,603 ​ $ 183 ​ ​

Allowance for Loan Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2021
Allowance for Loan Losses
Allowance for Loan Losses	NOTE 5: Allowance for Loan Losses ​ The following table presents the changes in the allowance for loan losses by major classification during the three months ended March 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ ​ Commercial, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Real Estate ​ Financial & ​ Equity ​ ​ ​ ​ Consumer ​ ​ ​ (Dollars in thousands) ​ Mortgage ​ Construction ​ Agricultural ​ Lines ​ Consumer ​ Finance ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2020 ​ $ 2,914 ​ $ 975 ​ $ 10,696 ​ $ 687 ​ $ 371 ​ $ 23,513 ​ $ 39,156 ​ Provision charged (credited) to operations ​ ​ (28) ​ ​ (153) ​ ​ 311 ​ ​ (16) ​ ​ (84) ​ ​ 250 ​ ​ 280 ​ Loans charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (45) ​ ​ (1,651) ​ ​ (1,696) ​ Recoveries of loans previously charged off ​ ​ 7 ​ ​ — ​ ​ — ​ ​ — ​ ​ 35 ​ ​ 1,251 ​ ​ 1,293 ​ Balance at March 31, 2021 ​ $ 2,893 ​ $ 822 ​ $ 11,007 ​ $ 671 ​ $ 277 ​ $ 23,363 ​ $ 39,033 ​ ​ The following table presents the changes in the allowance for loan losses by major classification during the three months ended March 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ ​ Commercial, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Real Estate ​ Financial & ​ Equity ​ ​ ​ ​ Consumer ​ ​ ​ (Dollars in thousands) ​ Mortgage ​ Construction ​ Agricultural ​ Lines ​ Consumer ​ Finance ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ $ 2,080 ​ $ 681 ​ $ 7,121 ​ $ 733 ​ $ 465 ​ $ 21,793 ​ $ 32,873 ​ Provision charged (credited) to operations ​ ​ 60 ​ ​ 90 ​ ​ 831 ​ ​ 37 ​ ​ (18) ​ ​ 1,650 ​ ​ 2,650 ​ Loans charged off ​ ​ (4) ​ ​ — ​ ​ (18) ​ ​ — ​ ​ (93) ​ ​ (3,426) ​ ​ (3,541) ​ Recoveries of loans previously charged off ​ ​ 4 ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 62 ​ ​ 1,249 ​ ​ 1,316 ​ Balance at March 31, 2020 ​ $ 2,140 ​ $ 771 ​ $ 7,935 ​ $ 770 ​ $ 416 ​ $ 21,266 ​ $ 33,298 ​ ​ The following table presents, as of March 31, 2021, the balance of the allowance for loan losses, the allowance by impairment methodology, total loans and loans by impairment methodology. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ ​ Commercial, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Real Estate ​ Financial & ​ Equity ​ ​ ​ ​ Consumer ​ ​ ​ (Dollars in thousands) ​ Mortgage ​ Construction ​ Agricultural ​ Lines ​ Consumer ​ Finance ​ Total Allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 69 ​ $ — ​ $ 720 ​ $ — ​ $ 102 ​ $ — ​ $ 891 ​ Collectively evaluated for impairment ​ ​ 2,824 ​ ​ 822 ​ ​ 10,287 ​ ​ 671 ​ ​ 175 ​ ​ 23,363 ​ ​ 38,142 ​ Acquired loans - PCI ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Total allowance ​ $ 2,893 ​ $ 822 ​ $ 11,007 ​ $ 671 ​ $ 277 ​ $ 23,363 ​ $ 39,033 ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,640 ​ $ — ​ $ 3,803 ​ $ 110 ​ $ 105 ​ $ — ​ $ 5,658 ​ Collectively evaluated for impairment ​ ​ 214,366 ​ ​ 52,884 ​ ​ 733,305 ​ ​ 46,816 ​ ​ 8,985 ​ ​ 317,144 ​ ​ 1,373,500 ​ Acquired loans - PCI ​ ​ 914 ​ ​ — ​ ​ 4,872 ​ ​ 50 ​ ​ 42 ​ ​ — ​ ​ 5,878 ​ Total loans ​ $ 216,920 ​ $ 52,884 ​ $ 741,980 ​ $ 46,976 ​ $ 9,132 ​ $ 317,144 ​ $ 1,385,036 ​ ​ The following table presents, as of December 31, 2020, the balance of the allowance for loan losses, the allowance by impairment methodology, total loans and loans by impairment methodology. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ ​ Commercial, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Real Estate ​ Financial & ​ Equity ​ ​ ​ ​ Consumer ​ ​ ​ (Dollars in thousands) ​ Mortgage ​ Construction ​ Agricultural ​ Lines ​ Consumer ​ Finance ​ Total Allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 77 ​ $ — ​ $ 674 ​ $ — ​ $ 128 ​ $ — ​ $ 879 ​ Collectively evaluated for impairment ​ ​ 2,837 ​ ​ 975 ​ ​ 10,022 ​ ​ 687 ​ ​ 243 ​ ​ 23,513 ​ ​ 38,277 ​ Acquired loans - PCI ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Total allowance ​ $ 2,914 ​ $ 975 ​ $ 10,696 ​ $ 687 ​ $ 371 ​ $ 23,513 ​ $ 39,156 ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 2,210 ​ $ — ​ $ 3,825 ​ $ 111 ​ $ 132 ​ $ — ​ $ 6,278 ​ Collectively evaluated for impairment ​ ​ 214,615 ​ ​ 62,147 ​ ​ 691,632 ​ ​ 48,275 ​ ​ 10,848 ​ ​ 312,252 ​ ​ 1,339,769 ​ Acquired loans - PCI ​ ​ 1,473 ​ ​ — ​ ​ 4,758 ​ ​ 80 ​ ​ 48 ​ ​ — ​ ​ 6,359 ​ Total loans ​ $ 218,298 ​ $ 62,147 ​ $ 700,215 ​ $ 48,466 ​ $ 11,028 ​ $ 312,252 ​ $ 1,352,406 ​ ​ Loans by credit quality indicators as of March 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ Substandard ​ ​ (Dollars in thousands) ​ Pass ​ Mention ​ Substandard ​ Nonaccrual ​ Total 1 Real estate – residential mortgage ​ $ 215,312 ​ $ 699 ​ $ 631 ​ $ 278 ​ $ 216,920 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ 39,525 ​ — ​ — ​ — ​ 39,525 ​ Consumer lot lending ​ 13,359 ​ — ​ — ​ — ​ 13,359 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 430,671 ​ 15,507 ​ 8,124 ​ — ​ 454,302 ​ Land acquisition and development lending ​ 33,615 ​ — ​ — ​ — ​ 33,615 ​ Builder line lending ​ 22,388 ​ — ​ — ​ — ​ 22,388 ​ Commercial business lending ​ 226,063 ​ 3,104 ​ 99 ​ 2,409 ​ 231,675 ​ Equity lines ​ 46,658 ​ 126 ​ 3 ​ 189 ​ 46,976 ​ Consumer ​ 8,964 ​ 42 ​ 16 ​ 110 ​ 9,132 ​ ​ ​ $ 1,036,555 ​ $ 19,478 ​ $ 8,873 ​ $ 2,986 ​ $ 1,067,892 ​ 1 At March 31, 2021, the Corporation did not have any loans classified as Doubtful or Loss. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ ​ (Dollars in thousands) Performing Performing Total Consumer finance ​ $ 316,962 ​ $ 182 ​ $ 317,144 ​ ​ Loans by credit quality indicators as of December 31, 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ Substandard ​ ​ (Dollars in thousands) ​ Pass ​ Mention ​ Substandard ​ Nonaccrual ​ Total 1 Real estate – residential mortgage ​ $ 215,712 ​ $ 1,715 ​ $ 595 ​ $ 276 ​ $ 218,298 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ 49,659 ​ — ​ — ​ — ​ 49,659 ​ Consumer lot lending ​ 12,488 ​ — ​ — ​ — ​ 12,488 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 415,506 ​ 15,507 ​ 10,890 ​ — ​ 441,903 ​ Land acquisition and development lending ​ 37,724 ​ — ​ — ​ — ​ 37,724 ​ Builder line lending ​ 18,194 ​ — ​ — ​ — ​ 18,194 ​ Commercial business lending ​ 196,743 ​ 3,124 ​ 99 ​ 2,428 ​ 202,394 ​ Equity lines ​ 48,140 ​ 132 ​ 3 ​ 191 ​ 48,466 ​ Consumer ​ 10,832 ​ 48 ​ 41 ​ 107 ​ 11,028 ​ ​ ​ $ 1,004,998 ​ $ 20,526 ​ $ 11,628 ​ $ 3,002 ​ $ 1,040,154 ​ 1 At December 31, 2020, the Corporation did not have any loans classified as Doubtful or Loss. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ ​ (Dollars in thousands) Performing Performing Total Consumer finance ​ $ 311,850 ​ $ 402 ​ $ 312,252 ​ ​

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2021
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	NOTE 6: Goodwill and Other Intangible Assets ​ The carrying amount of goodwill was $25.19 million at both March 31, 2021 and December 31, 2020. The following table presents the changes in goodwill during the three months ended March 31, 2020. There were no changes in the recorded balance of goodwill during the three months ended March 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community ​ Consumer ​ ​ (Dollars in thousands) Banking Finance Total Balance as of January 1, 2020 ​ $ 3,702 ​ $ 10,723 ​ $ 14,425 Acquisition of Peoples Bankshares, Incorporated ​ ​ 10,766 ​ ​ — ​ ​ 10,766 Balance at March 31, 2020 ​ $ 14,468 ​ $ 10,723 ​ $ 25,191 ​ The Corporation had $2.21 million and $2.29 million of other intangible assets as of March 31, 2021 and December 31, 2020, respectively. Other intangible assets were recognized in connection with the core deposits acquired from Peoples in 2020 and customer relationships acquired by C&F Wealth Management in 2016. The following table summarizes the gross carrying amounts and accumulated amortization of other intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ ​ December 31, ​ ​ ​ 2021 ​ ​ 2020 ​ ​ ​ Gross ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ Carrying ​ Accumulated ​ ​ Carrying ​ Accumulated (Dollars in thousands) ​ ​ Amount ​ Amortization ​ ​ Amount ​ Amortization Amortizable intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Core deposit intangibles ​ $ 1,711 ​ $ (209) ​ $ 1,711 ​ $ (171) Other amortizable intangibles ​ 1,405 ​ ​ (694) ​ ​ 1,405 ​ ​ (654) Total ​ $ 3,116 ​ $ (903) ​ $ 3,116 ​ $ (825) ​ ​ Amortization expense was $78,000 and $83,000 for the three months ended March 31, 2021 and 2020, respectively.

Equity, Other Comprehensive Inc

Equity, Other Comprehensive Income and Earnings Per Share	3 Months Ended
	Mar. 31, 2021
Equity, Other Comprehensive Income and Earnings Per Share
Equity, Other Comprehensive Income and Earnings Per Share	NOTE 7: Equity, Other Comprehensive Income and Earnings Per Share ​ Equity and Noncontrolling Interest ​ The Corporation’s Board of Directors authorized a program, effective November 17, 2020 to repurchase up to 365,000 shares of the Corporation’s common stock through November 30, 2021 (the Repurchase Program). As of March 31, 2021, the Corporation has made aggregate common stock repurchases of 7,459 shares for an aggregate cost of $275,000 under the Repurchase Program. There were ​ The Corporation’s previous share repurchase program, which was authorized by the Board of Directors in May 2019, expired on May 31, 2020. During the three months ended March 31, 2020, the Corporation repurchased 8,963 shares of its common stock for an aggregate cost of $355,000 , under its previous share repurchase program. ​ Additionally during the three months ended March 31, 2021 and 2020, the Corporation withheld 5,633 shares and 5,069 shares of its common stock, respectively, from employees to satisfy tax withholding obligations upon vesting of restricted stock. ​ Noncontrolling interest represents an ownership interest in C&F Select LLC, a subsidiary of C&F Mortgage, held by an unrelated investor. In exchange for issuing this noncontrolling interest in C&F Select LLC, C&F Bank received a note receivable from the investor for $490,000, which is included in loans in the Consolidated Balance Sheets and is secured by cash deposits at C&F Bank. ​ Accumulated Other Comprehensive Loss, Net ​ The following table presents the cumulative balances of the components of accumulated other comprehensive loss, net of deferred taxes of $997,000 and $630,000 as of March 31, 2021 and December 31, 2020, respectively. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (Dollars in thousands) 2021 2020 Net unrealized gains on securities ​ $ 2,024 ​ $ 4,397 Net unrecognized losses on cash flow hedges ​ (633) ​ (1,367) Net unrecognized losses on defined benefit plan ​ (4,951) ​ (4,985) Total accumulated other comprehensive loss, net ​ $ (3,560) ​ $ (1,955) ​ Earnings Per Share (EPS) ​ The components of the Corporation’s EPS calculations are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2021 2020 Net income attributable to C&F Financial Corporation ​ $ 7,061 ​ $ 3,578 ​ Weighted average shares outstanding — ​ 3,676,067 ​ 3,644,614 ​ ​ ​ The Corporation has applied the two-class method of computing basic and diluted EPS for each period presented because the Corporation’s unvested restricted shares outstanding contain rights to nonforfeitable dividends equal to dividends on the Corporation’s common stock. Accordingly, the weighted average number of shares used in the calculation of basic and diluted EPS includes both vested and unvested shares outstanding.

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2021
Employee Benefit Plans
Employee Benefit Plans	NOTE 8: Employee Benefit Plans ​ The following table summarizes the components of net periodic benefit cost for the Bank’s non-contributory cash balance pension plan. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2021 2020 Components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ Service cost, included in salaries and employee benefits ​ $ 487 ​ $ 386 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 116 ​ 135 ​ Expected return on plan assets ​ (440) ​ (374) ​ Amortization of prior service credit ​ (17) ​ (17) ​ Amortization of net obligation at transition ​ — ​ — ​ Recognized net actuarial losses ​ 60 ​ 42 ​ Other components of net periodic benefit cost, included in other noninterest income ​ ​ (281) ​ ​ (214) ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost ​ $ 206 ​ $ 172 ​ ​

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2021
Fair Value of Assets and Liabilities
Fair Value of Assets and Liabilities	NOTE 9: Fair Value of Assets and Liabilities ​ Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. U.S. GAAP requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. U.S. GAAP also establishes a fair value hierarchy which prioritizes the valuation inputs into three broad levels. Based on the underlying inputs, each fair value measurement in its entirety is reported in one of the three levels. These levels are: ● Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. Level 1 assets and liabilities include debt securities traded in an active exchange market, as well as U.S. Treasury securities. ● Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3—Valuation is determined using model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect the Corporation’s estimates of assumptions that market participants would use in pricing the respective asset or liability. Valuation techniques may include the use of pricing models, discounted cash flow models and similar techniques. U.S. GAAP allows an entity the irrevocable option to elect fair value (the fair value option) for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis. The Corporation has elected to use fair value accounting for its entire portfolio of loans held for sale (LHFS). Assets and Liabilities Measured at Fair Value on a Recurring Basis The following describes the valuation techniques and inputs used by the Corporation in determining the fair value of certain assets recorded at fair value on a recurring basis in the financial statements. Securities available for sale. March 31, 2021 and December 31, 2020, the Corporation’s entire investment securities portfolio was comprised of securities available for sale, which were valued using Level 2 fair value measurements. The Corporation has contracted with third party portfolio accounting service vendors for valuation of its securities portfolio. The vendors’ sources for security valuation are ICE Data Services (ICE) and Thomson Reuters Pricing Service (TRPS). Each source provides opinions, known as evaluated prices, as to the value of individual securities based on model-based pricing techniques that are partially based on available market data, including prices for similar instruments in active markets and prices for identical assets in markets that are not active. ICE provides evaluated prices for the Corporation’s obligations of states and political subdivisions category of securities. ICE uses proprietary pricing models and pricing systems, mathematical tools and judgment to determine an evaluated price for a security based upon a hierarchy of market information regarding that security or securities with similar characteristics. TRPS provides evaluated prices for the Corporation’s U.S. government agencies and corporations, mortgage-backed, and corporate categories of securities. Fixed-rate callable securities of the U.S. government agencies and corporations category are individually evaluated on an option adjusted spread basis for callable issues or on a nominal spread basis incorporating the term structure of agency market spreads and the appropriate risk free benchmark curve for non-callable issues. Pass-through mortgage-backed securities (MBS) in the mortgage-backed category are grouped into aggregate categories defined by issuer program, weighted average coupon, and weighted average maturity. Each aggregate is benchmarked to relative to-be-announced mortgage-backed securities (TBA securities) or other benchmark prices. TBA securities prices are obtained from market makers and live trading systems. Collateralized mortgage obligations in the mortgage-backed category are individually evaluated based upon a hierarchy of security specific information and market data regarding that security or securities with similar characteristics. Each evaluation is determined using an option adjusted spread and prepayment model based on volatility-driven, multi-dimensional spread tables. Fixed-rate securities issued by the Small Business Association in the mortgage backed category are individually evaluated based upon a hierarchy of security specific information and market data regarding that security or securities with similar characteristics. ​ Investments in small business investment company funds. Loans held for sale. ​ Derivative asset - IRLCs. ​ Derivative asset/liability – interest rate swaps on loans. ​ Derivative asset/liability – cash flow hedges. ​ Derivative asset/liability – forward sales of TBA securities. trading systems for TBA securities of similar issuer programs, coupons and maturities. All of the Corporation’s forward sales of TBA securities are classified as Level 2. ​ The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ Fair Value Measurements Classified as ​ Assets/Liabilities at (Dollars in thousands) Level 1 Level 2 Level 3 Fair Value Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies and corporations ​ $ — ​ $ 53,681 ​ $ — ​ $ 53,681 ​ Mortgage-backed securities ​ — ​ 150,518 ​ — ​ 150,518 ​ Obligations of states and political subdivisions ​ — ​ 103,154 ​ — ​ 103,154 ​ Corporate and other debt securities ​ ​ — ​ ​ 13,932 ​ ​ — ​ ​ 13,932 ​ Total securities available for sale ​ — ​ 321,285 ​ — ​ 321,285 ​ Loans held for sale ​ — ​ 177,350 ​ — ​ 177,350 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ — ​ 4,026 ​ — ​ 4,026 ​ Interest rate swaps on loans ​ ​ — ​ ​ 4,841 ​ ​ — ​ ​ 4,841 ​ Forward sales of TBA securities ​ — ​ 75 ​ — ​ 75 ​ Total assets ​ $ — ​ $ 507,577 ​ $ — ​ $ 507,577 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ $ — ​ $ 4,841 ​ $ — ​ $ 4,841 ​ Cash flow hedges ​ ​ — ​ ​ 891 ​ ​ — ​ ​ 891 ​ Total liabilities ​ $ — ​ $ 5,732 ​ $ — ​ $ 5,732 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Fair Value Measurements Classified as ​ Assets/Liabilities at (Dollars in thousands) Level 1 Level 2 Level 3 Fair Value Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies and corporations ​ $ — ​ $ 48,282 ​ $ — ​ $ 48,282 ​ Mortgage-backed securities ​ — ​ 123,714 ​ — ​ 123,714 ​ Obligations of states and political subdivisions ​ — ​ 102,805 ​ — ​ 102,805 ​ Corporate and other debt securities ​ — ​ 11,588 ​ — ​ 11,588 ​ Total securities available for sale ​ — ​ 286,389 ​ — ​ 286,389 ​ Loans held for sale ​ — ​ 214,266 ​ — ​ 214,266 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ — ​ 4,582 ​ — ​ 4,582 ​ Interest rate swaps on loans ​ — ​ 8,185 ​ — ​ 8,185 ​ Total assets ​ $ — ​ $ 513,422 ​ $ — ​ $ 513,422 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ $ — ​ $ 8,185 ​ $ — ​ $ 8,185 ​ Cash flow hedges ​ ​ — ​ ​ 1,882 ​ ​ — ​ ​ 1,882 ​ Forward sales of TBA securities ​ ​ — ​ ​ 47 ​ ​ — ​ ​ 47 ​ Total liabilities ​ $ — ​ $ 10,114 ​ $ — ​ $ 10,114 ​ ​ Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis ​ The Corporation may be required, from time to time, to measure and recognize certain assets at fair value on a nonrecurring basis in accordance with U.S. GAAP. The following describes the valuation techniques and inputs used by the Corporation in determining the fair value of certain assets recorded at fair value on a nonrecurring basis in the financial statements. ​ Impaired loans. ​ Impaired loans that are measured based on expected future cash flows discounted at the loan’s effective interest rate rather than the market rate of interest, are not recorded at fair value and are therefore excluded from fair value disclosure requirements. ​ Other Real Estate Owned (OREO). ​ The following table presents the balances of assets measured at fair value on a nonrecurring basis. At March 31, 2021 and December 31, 2020 there were no impaired loans that were measured at fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ Fair Value Measurements Classified as ​ Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Other real estate owned, net ​ $ — ​ $ — ​ $ 72 ​ $ 72 ​ Total ​ $ — ​ $ — ​ $ 72 ​ $ 72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Fair Value Measurements Classified as ​ Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Other real estate owned, net ​ $ — ​ $ — ​ $ 72 ​ $ 72 ​ Total ​ $ — ​ $ — ​ $ 72 ​ $ 72 ​ ​ The following table presents quantitative information about Level 3 fair value measurements for financial assets measured at fair value on a nonrecurring basis as of March 31, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range (Weighted Average) 1 At March 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other real estate owned, net ​ $ 72 Appraisals Discount to reflect current market conditions and estimated selling costs 75% - 80% ( 79% ) ​ Total ​ $ 72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other real estate owned, net ​ $ 72 Appraisals Discount to reflect current market conditions and estimated selling costs 75% - 80% (79%) ​ Total ​ $ 72 ​ ​ ​ ​ ​ ​ ​ 1 The weighted average of unobservable inputs is calculated based on the relative asset fair values. ​ ​ Fair Value of Financial Instruments ​ FASB ASC 825, Financial Instruments ​ The following tables reflect the carrying amounts and estimated fair values of the Corporation’s financial instruments whether or not recognized on the Consolidated Balance Sheets at fair value. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Value Measurements at March 31, 2021 Classifed as Total Fair (Dollars in thousands) ​ Value ​ Level 1 ​ Level 2 ​ Level 3 ​ Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and short-term investments ​ $ 147,438 ​ $ 147,438 ​ $ — ​ $ — ​ $ 147,438 ​ Securities available for sale ​ 321,285 ​ ​ — ​ 321,285 ​ ​ — ​ 321,285 ​ Loans, net ​ 1,346,003 ​ — ​ — ​ 1,331,249 ​ 1,331,249 ​ Loans held for sale ​ 177,350 ​ — ​ 177,350 ​ — ​ 177,350 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ ​ 4,026 ​ ​ — ​ ​ 4,026 ​ ​ — ​ ​ 4,026 ​ Interest rate swaps on loans ​ ​ 4,841 ​ ​ — ​ ​ 4,841 ​ ​ — ​ ​ 4,841 ​ Forward sales of TBA securities ​ ​ 75 ​ ​ — ​ ​ 75 ​ ​ — ​ ​ 75 ​ Bank-owned life insurance ​ ​ 20,332 ​ ​ — ​ ​ 20,332 ​ ​ — ​ ​ 20,332 ​ Accrued interest receivable ​ 7,723 ​ 7,723 ​ — ​ — ​ 7,723 ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand and savings deposits ​ ​ 1,373,882 ​ ​ 1,373,882 ​ ​ — ​ ​ — ​ ​ 1,373,882 ​ Time deposits ​ 458,100 ​ — ​ 461,981 ​ — ​ 461,981 ​ Borrowings ​ 73,328 ​ — ​ 72,267 ​ — ​ 72,267 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow hedges ​ 891 ​ ​ — ​ 891 ​ ​ — ​ 891 ​ Interest rate swaps on loans ​ ​ 4,841 ​ ​ — ​ ​ 4,841 ​ ​ — ​ ​ 4,841 ​ Accrued interest payable ​ 734 ​ 734 ​ — ​ — ​ 734 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Value Measurements at December 31, 2020 Classifed as Total Fair (Dollars in thousands) ​ Value ​ Level 1 ​ Level 2 ​ Level 3 ​ Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and short-term investments ​ $ 86,669 ​ $ 86,669 ​ $ — ​ $ — ​ $ 86,669 ​ Securities available for sale ​ 286,389 ​ ​ — ​ 286,389 ​ ​ — ​ 286,389 ​ Loans, net ​ 1,313,250 ​ — ​ — ​ 1,308,569 ​ 1,308,569 ​ Loans held for sale ​ 214,266 ​ — ​ 214,266 ​ — ​ 214,266 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ ​ 4,582 ​ ​ — ​ ​ 4,582 ​ ​ — ​ ​ 4,582 ​ Interest rate swaps on loans ​ ​ 8,185 ​ ​ — ​ ​ 8,185 ​ ​ — ​ ​ 8,185 ​ Bank-owned life insurance ​ ​ 20,205 ​ ​ — ​ ​ 20,205 ​ ​ — ​ ​ 20,205 ​ Accrued interest receivable ​ 8,103 ​ 8,103 ​ — ​ — ​ 8,103 ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand and savings deposits ​ ​ 1,282,590 ​ ​ 1,282,590 ​ ​ — ​ ​ — ​ ​ 1,282,590 ​ Time deposits ​ 469,583 ​ — ​ 474,154 ​ — ​ 474,154 ​ Borrowings ​ 69,864 ​ — ​ 71,119 ​ — ​ 71,119 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow hedges ​ 1,882 ​ ​ — ​ 1,882 ​ ​ — ​ 1,882 ​ Interest rate swaps on loans ​ ​ 8,185 ​ ​ — ​ ​ 8,185 ​ ​ — ​ ​ 8,185 ​ Forward sales of TBA securities ​ ​ 47 ​ ​ — ​ ​ 47 ​ ​ ​ ​ ​ 47 ​ Accrued interest payable ​ 1,109 ​ 1,109 ​ — ​ — ​ 1,109 ​ ​

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2021
Business Segments
Business Segments	NOTE 10: Business Segments ​ The Corporation operates in a decentralized fashion in three business segments: community banking, mortgage banking and consumer finance. Beginning with the first quarter of 2021, the community banking segment comprises C&F Bank and C&F Wealth Management. Prior to 2021, the segment comprised only C&F Bank, and prior periods have been restated to conform to the current period presentation. Revenues from community banking operations consist primarily of net interest income related to investments in loans and securities and outstanding deposits and borrowings, fees earned on deposit accounts and debit card interchange activity, and net revenues from offering wealth management services and insurance products through third-party service providers. Mortgage banking revenues consist principally of gains on sales of loans in the secondary market, mortgage banking fee income related to loan originations, fees earned by providing mortgage loan origination functions to third-party lenders, and net interest income earned on mortgage loans held for sale. Revenues from consumer finance consist primarily of net interest income earned on purchased retail installment sales contracts. ​ The Corporation’s revenues and expenses are comprised primarily of interest expense associated with the Corporation’s trust preferred capital notes and subordinated debt, general corporate expenses, and changes in the value of the rabbi trust assets and deferred compensation liability related to its nonqualified deferred compensation plan. The results of the Corporation, which includes funding and operating costs that are not allocated to the business segments, are included in the column labeled “Other” in the tables below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2021 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 15,176 ​ $ 1,127 ​ $ 9,249 ​ $ — ​ $ (2,476) ​ $ 23,076 ​ Interest expense ​ 1,724 ​ ​ 373 ​ 2,200 ​ 582 ​ (2,479) ​ 2,400 ​ Net interest income ​ 13,452 ​ 754 ​ 7,049 ​ (582) ​ 3 ​ 20,676 ​ Gain on sales of loans ​ ​ — ​ ​ 7,105 ​ ​ — ​ ​ — ​ ​ (47) ​ ​ 7,058 ​ Other noninterest income ​ ​ 3,968 ​ ​ 2,724 ​ ​ 112 ​ ​ 511 ​ ​ (17) ​ ​ 7,298 ​ Net revenue ​ 17,420 ​ 10,583 ​ 7,161 ​ (71) ​ (61) ​ 35,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ — ​ 30 ​ ​ 250 ​ ​ — ​ ​ — ​ 280 ​ Noninterest expense ​ 14,052 ​ 6,987 ​ ​ 3,448 ​ ​ 813 ​ ​ — ​ 25,300 ​ Income (loss) before taxes ​ 3,368 ​ 3,566 ​ 3,463 ​ (884) ​ (61) ​ 9,452 ​ Income tax expense (benefit) ​ 575 ​ 1,021 ​ ​ 936 ​ ​ (232) ​ (13) ​ 2,287 ​ Net income (loss) ​ $ 2,793 ​ $ 2,545 ​ $ 2,527 ​ $ (652) ​ $ (48) ​ $ 7,165 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 139 ​ $ 60 ​ $ 1,924 ​ $ — ​ $ — ​ $ 2,123 ​ Depreciation and amortization ​ $ 1,066 ​ $ 68 ​ $ 55 ​ $ — ​ $ — ​ $ 1,189 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2020 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 15,915 ​ $ 661 ​ $ 10,101 ​ $ — ​ $ (1,899) ​ $ 24,778 ​ Interest expense ​ 3,144 ​ ​ 305 ​ 2,286 ​ 339 ​ (1,899) ​ 4,175 ​ Net interest income ​ 12,771 ​ 356 ​ 7,815 ​ (339) ​ — ​ 20,603 ​ Gain on sales of loans ​ ​ — ​ ​ 3,676 ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,676 ​ Other noninterest income ​ ​ 3,285 ​ ​ 1,611 ​ ​ 117 ​ ​ (1,941) ​ ​ — ​ ​ 3,072 ​ Net revenue ​ 16,056 ​ 5,643 ​ 7,932 ​ (2,280) ​ — ​ 27,351 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ 1,000 ​ — ​ ​ 1,650 ​ ​ — ​ ​ — ​ 2,650 ​ Noninterest expense ​ 14,402 ​ 3,568 ​ ​ 3,630 ​ ​ (1,515) ​ ​ — ​ 20,085 ​ Income (loss) before taxes ​ 654 ​ 2,075 ​ 2,652 ​ (765) ​ — ​ 4,616 ​ Income tax expense (benefit) ​ (3) ​ 532 ​ ​ 722 ​ ​ (274) ​ — ​ 977 ​ Net income (loss) ​ $ 657 ​ $ 1,543 ​ $ 1,930 ​ $ (491) ​ $ — ​ $ 3,639 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 752 ​ $ 294 ​ $ 502 ​ $ — ​ $ — ​ $ 1,548 ​ Depreciation and amortization ​ $ 850 ​ $ 72 ​ $ 46 ​ $ — ​ $ — ​ $ 968 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated ​ Total assets at March 31, 2021 ​ $ 2,023,480 ​ $ 205,074 ​ $ 320,891 ​ $ 44,924 ​ $ (425,731) ​ $ 2,168,638 ​ Total assets at December 31, 2020 ​ $ 1,951,622 ​ $ 239,417 ​ $ 314,746 ​ $ 43,826 ​ $ (463,301) ​ $ 2,086,310 ​ ​ ​ During the three months ended March 31, 2020, the Corporation recorded merger related expenses of $957,000 ($785,000 after income taxes) in connection with its acquisition of Peoples, of which $857,000 ($685,000 after income taxes) was allocated to the community banking segment and recorded as $559,000 of noninterest expense and $298,000 of a loss on disposal of assets within other noninterest income. The remainder was recorded as other noninterest expense at the holding company. ​ The community banking segment extends two warehouse lines of credit to the mortgage banking segment, providing a portion of the funds needed to originate mortgage loans. The community banking segment charges the mortgage banking segment interest at the daily FHLB advance rate plus a spread ranging from 50 basis points to 175 basis points. The community banking segment also provides the consumer finance segment with a portion of the funds needed to purchase loan contracts by means of variable rate notes that carry interest at one-month LIBOR plus 200 basis points, with a floor of 3.5 percent and fixed rate notes that carry interest at rates ranging from 2.2 percent to 8.0 percent. The community banking segment acquires certain residential real estate loans from the mortgage banking segment at prices similar to those paid by third-party investors. These transactions are eliminated to reach consolidated totals. In addition to unallocated expenses recorded by the holding company, certain overhead costs are incurred by the community banking segment and are not allocated to the mortgage banking and consumer finance segments.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Mar. 31, 2021
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	NOTE 11: Commitments and Contingent Liabilities ​ The Corporation enters into commitments to extend credit in the normal course of business to meet the financing needs of its customers, including loan commitments and standby letters of credit. These instruments involve elements of credit and interest rate risk in excess of the amounts recorded on the Consolidated Balance Sheets. The Corporation’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit written is represented by the contractual amount of these instruments. The Corporation uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Collateral is obtained based on management’s credit assessment of the customer. ​ Loan commitments are agreements to extend credit to a customer provided that there are no violations of the terms of the contract prior to funding. Commitments have fixed expiration dates or other termination clauses and may require payment of a fee by the customer. Because many of the commitments may expire without being completely drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of loan commitments at the Bank was $318.95 million at March 31, 2021 and $326.98 million at December 31, 2020, which does not include IRLCs at the mortgage banking segment, which are discussed in Note 12. ​ Standby letters of credit are written conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The total contract amount of standby letters of credit, whose contract amounts represent credit risk, was $15.55 million at March 31, 2021 and $19.07 million at December 31, 2020. ​ The mortgage banking segment sells substantially all of the residential mortgage loans it originates to third-party investors. As is customary in the industry, the agreements with these investors require the mortgage banking segment to extend representations and warranties with respect to program compliance, borrower misrepresentation, fraud, and early payment performance. Under the agreements, the investors are entitled to make loss claims and repurchase requests of the mortgage banking segment for loans that contain covered deficiencies. The mortgage banking segment has obtained early payment default recourse waivers for a significant portion of its business. Recourse periods for early payment default for the remaining investors vary from 90 days up to one year. Recourse periods for borrower misrepresentation or fraud, or underwriting error do not have a stated time limit. The mortgage banking segment maintains an allowance for indemnifications that represents management’s estimate of losses that are probable of arising under these recourse provisions. As performance data for loans that have been sold is not made available to the mortgage banking segment by the investors, the estimate of potential losses is inherently subjective and is based on historical indemnification payments and management’s assessment of current conditions that may contribute to indemnified losses on mortgage loans that have been sold in the secondary market. For the three months ended March 31, 2021 and 2020, the Corporation recorded $17,000 and $7,000 of provision for indemnifications, respectively. The allowance for indemnifications was $3.37 million at March 31, 2021 and $3.36 million at December 31, 2020. ​

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2021
Derivative Financial Instruments
Derivative Financial Instruments	NOTE 12: Derivative Financial Instruments ​ The Corporation uses derivative financial instruments primarily to manage risks to the Corporation associated with changing interest rates, and to assist customers with their risk management objectives. The Corporation designates certain interest rate swaps as hedging instruments in qualifying cash flow hedges. The changes in fair value of these designated hedging instruments is reported as a component of other comprehensive income. Derivative contracts that are not designated in a qualifying hedging relationship include customer accommodation loan swaps and contracts related to mortgage banking activities. ​ Cash flow hedges All interest rate swaps were entered into with counterparties that met the Corporation’s credit standards and the agreements contain collateral provisions protecting the at-risk party. The Corporation believes that the credit risk inherent in these derivative contracts is not significant. ​ Unrealized gains or losses recorded in other comprehensive income related to cash flow hedges are reclassified into earnings in the same period(s) during which the hedged interest payments affect earnings. When a designated hedging instrument is terminated and the hedged interest payments remain probable of occurring, any remaining unrecognized gain or loss in other comprehensive income is reclassified into earnings in the period(s) during which the forecasted interest payments affect earnings. Amounts reclassified into earnings and interest receivable or payable under designated interest rate swaps are reported in interest expense. The Corporation does not expect any unrealized losses related to cash flow hedges to be reclassified into earnings in the next twelve months. ​ Loan swaps ​ Mortgage banking contracts with investors at the time that interest rates are locked for mortgage loans to be delivered on a best efforts basis or (2) entering into forward sales contracts for TBA securities until it can enter into forward sales contracts with investors for mortgage loans to be delivered on a mandatory basis. IRLCs, forward sales of loans and forward sales of TBA securities are derivative financial instruments and are reported at fair value in other assets and other liabilities in the Consolidated Balance Sheets. Changes in the fair value of mortgage banking derivatives are recorded as a component of gains on sales of loans. ​ At March 31, 2021, the mortgage banking segment had $181.07 million of IRLCs and $161.85 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using best-efforts forward sales contracts for $342.92 million in mortgage loans. Also at March 31, 2021, the mortgage banking segment had $11.39 million of IRLCs and $8.97 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using forward sales of $11.25 million of TBA securities and mandatory-delivery forward sales contracts for $7.62 million in mortgage loans. ​ At December 31, 2020, the mortgage banking segment had $190.96 million of IRLCs and $200.88 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using best-efforts forward sales contracts for $391.84 million in mortgage loans. Also at December 31, 2020, the mortgage banking segment had $7.67 million of IRLCs and $5.63 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using forward sales of $8.00 million of TBA securities and mandatory-delivery forward sales contracts for $3.94 million in mortgage loans. ​ The following tables summarize key elements of the Corporation’s derivative instruments other than forward sales of mortgage loans. The fair values of forward sales of mortgage loans were not material to the consolidated financial statements of the Corporation at March 31, 2021 or December 31, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Notional ​ ​ (Dollars in thousands) ​ Amount ​ Assets ​ Liabilities ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap contracts ​ $ 25,000 ​ $ — ​ $ 891 ​ ​ Not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ Customer-related interest rate swap contracts: ​ ​ ​ ​ ​ ​ ​ ​ Matched interest rate swaps with borrower ​ 84,444 ​ 4,547 ​ 294 ​ ​ Matched interest rate swaps with counterparty ​ ​ 84,444 ​ ​ 294 ​ ​ 4,547 ​ ​ Mortgage banking contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ ​ 192,458 ​ ​ 4,026 ​ ​ — ​ ​ Forward sales of TBA securities ​ 11,250 ​ 75 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Notional ​ ​ ​ (Dollars in thousands) ​ Amount ​ Assets ​ Liabilities ​ ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap contracts ​ $ 25,000 ​ $ — ​ $ 1,882 ​ ​ Not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer-related interest rate swap contracts: ​ ​ ​ ​ ​ ​ ​ ​ Matched interest rate swaps with borrower ​ 84,753 ​ 8,185 ​ — ​ ​ Matched interest rate swaps with counterparty ​ ​ 84,753 ​ ​ — ​ ​ 8,185 ​ ​ Mortgage banking contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ ​ 198,632 ​ ​ 4,582 ​ ​ — ​ ​ Forward sales of TBA securities ​ ​ 8,000 ​ — ​ 47 ​ ​ ​ ​ ​ ​ ​ ​ The Corporation is required to maintain cash collateral with dealer counterparties for interest rate swap relationships in a loss position. At March 31, 2021 and at December 31, 2020, $5.62 million and $9.92 million, respectively, of cash collateral was maintained with dealer counterparties and was included in “Other assets” in the Consolidated Balance Sheets. ​

Other Noninterest Expenses

Other Noninterest Expenses	3 Months Ended
	Mar. 31, 2021
Other Noninterest Expenses
Other Noninterest Expenses	NOTE 13: Other Noninterest Expenses ​ The following table presents the significant components in the Consolidated Statements of Income line “Noninterest Expenses-Other.” ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2021 2020 Data processing fees ​ $ 2,903 ​ $ 2,674 ​ Mortgage banking loan processing expenses ​ ​ 894 ​ ​ 484 ​ Professional fees ​ ​ 747 ​ ​ 980 ​ Marketing and advertising expenses ​ ​ 345 ​ ​ 490 ​ Telecommunication expenses ​ ​ 374 ​ ​ 372 ​ Travel and educational expenses ​ 154 ​ 444 ​ All other noninterest expenses ​ 1,910 ​ 1,777 ​ Total other noninterest expenses ​ $ 7,327 ​ $ 7,221 ​ ​ The table above includes merger related expenses for the three months ended March 31, 2020 of $590,000, of which $238,000 was included in data processing fees, $314,000 was included in professional fees, and $38,000 was included in all other noninterest expenses. There were no merger related expenses during the three months ended March 31, 2021. ​ ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation: ​ The unaudited consolidated financial statements include the accounts of C&F Financial Corporation (the Corporation), its direct wholly-owned subsidiary, Citizens and Farmers Bank (the Bank or C&F Bank) and indirect subsidiaries that are wholly-owned or controlled. Subsidiaries that are less than wholly owned are fully consolidated if they are controlled by the Corporation or one of its subsidiaries, and the portion of any subsidiary not owned by the Corporation is reported as noncontrolling interest. All significant intercompany accounts and transactions have been eliminated in consolidation. In addition, the Corporation owns all of the common stock of C&F Financial Statutory Trust I, C&F Financial Statutory Trust II and Central Virginia Bankshares Statutory Trust I, all of which are unconsolidated subsidiaries. The subordinated debt owed to these trusts is reported as liabilities of the Corporation. The accounting and reporting policies of the Corporation conform to U.S. GAAP and to predominant practices within the banking industry.
Nature of Operations	Nature of Operations: ​ C&F Bank has five wholly-owned subsidiaries: C&F Mortgage Corporation (C&F Mortgage), C&F Finance Company (C&F Finance), C&F Wealth Management Corporation (C&F Wealth Management), C&F Insurance Services, Inc. and CVB Title Services, Inc., all incorporated under the laws of the Commonwealth of Virginia. C&F Mortgage, organized in September 1995, originates and sells residential mortgages, provides mortgage loan origination services to third-party lenders and, through its subsidiary Certified Appraisals LLC, provides ancillary mortgage loan production services for residential appraisals. C&F Mortgage owns a 51 percent interest in C&F Select LLC, which was organized in January 2019 and is also engaged in the business of originating and selling residential mortgages. C&F Finance, acquired in September 2002, is a finance company purchasing automobile, marine and recreational vehicle (RV) loans through indirect lending programs. C&F Wealth Management, organized in April 1995, is a full-service brokerage firm offering a comprehensive range of wealth management services and insurance products through third-party service providers. C&F Insurance Services, Inc. and CVB Title Services, Inc. were organized for the primary purpose of owning equity interests in an independent insurance agency and a full service title and settlement agency, respectively. Business segment data is presented in Note 10.
Basis of Presentation	Basis of Presentation: ​ The COVID-19 pandemic has caused a significant disruption in economic activity worldwide, including in market areas served by the Corporation. Estimates for the allowance for loan losses at March 31, 2021 include probable losses related to the pandemic. While there have been signals of economic recovery and a resumption of many types of business activity, there remains significant uncertainty involved in the measurement of these losses. If economic conditions deteriorate further, then additional provision for loan losses may be required in future periods. It is unknown how long these conditions will last and what the ultimate financial impact will be to the Corporation. ​
Reclassification	Reclassification:
Business Combination	​ Business Combination:
Derivative Financial Instruments	Derivative Financial Instruments: ​
Income Taxes	Income Taxes: ​
Share-Based Compensation	Share-Based Compensation: ​ A summary of activity for restricted stock awards during the first three months of 2021 and 2020 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ Weighted- ​ ​ ​ ​ Average ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value Unvested, December 31, 2020 155,945 ​ $ 48.52 ​ Granted ​ 18,975 ​ 43.70 ​ Vested (16,105) ​ 43.05 ​ Forfeited (1,750) ​ 45.50 ​ Unvested, March 31, 2021 157,065 ​ ​ 48.53 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ ​ Shares ​ Fair Value ​ Unvested, December 31, 2019 142,020 ​ $ 48.88 ​ Granted 14,650 ​ 53.22 ​ Vested (16,230) ​ 39.97 ​ Forfeited (620) ​ 53.46 ​ Unvested, March 31, 2020 139,820 ​ ​ 50.39 ​
Recent Significant Accounting Pronouncements	Recent Significant Accounting Pronouncements: ​ In June 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments,” Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments Financial Instruments – Credit Losses (Topic 326): Targeted Transition Relief Financial Instruments—Credit losses (Topic 326), Derivatives and hedging (Topic 815), and Leases (Topic 842)—Effective dates, Codification Improvements to Topic 326, Financial Instruments—Credit Losses, Financial Instruments-Credit Losses (Topic 326) and Leases (Topic 842) Codification Improvements to Financial Instruments ​ The amendments of ASC 326, upon adoption, will be applied on a modified retrospective basis, with the cumulative effect of adopting the new standard being recorded as an adjustment to opening retained earnings in the period of adoption. The Corporation has established a working group to prepare for and implement changes related to ASC 326 and has gathered historical loan loss data for purposes of evaluating appropriate portfolio segmentation and modeling methods under the standard. The Corporation has performed procedures to validate the historical loan loss data to ensure its suitability and reliability for purposes of developing an estimate of expected credit losses under ASC 326. The Corporation has engaged a vendor to assist in modeling expected lifetime losses under ASC 326, and is continuing to develop and refine an approach to estimating the allowance for credit losses. The adoption of ASC 326 will result in significant changes to the Corporation’s consolidated financial statements, which may include changes in the level of the allowance for credit losses that will be considered adequate, a reduction in total equity and regulatory capital of C&F Bank, differences in the timing of recognizing changes to the allowance for credit losses and expanded disclosures about the allowance for credit losses. The Corporation has not yet determined an estimate of the effect of these changes. The adoption of the standard will also result in significant changes in the Corporation’s internal control over financial reporting related to the allowance for credit losses. ​ Other accounting standards that have been issued by the FASB or other standards-setting bodies are not currently expected to have a material effect on the Corporation’s financial position, results of operations or cash flows. ​

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2021
Summary of Significant Accounting Policies
Summary of activity for restricted stock awards	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2021 ​ ​ Weighted- ​ ​ ​ ​ Average ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value Unvested, December 31, 2020 155,945 ​ $ 48.52 ​ Granted ​ 18,975 ​ 43.70 ​ Vested (16,105) ​ 43.05 ​ Forfeited (1,750) ​ 45.50 ​ Unvested, March 31, 2021 157,065 ​ ​ 48.53 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2020 ​ ​ ​ Weighted- ​ ​ ​ ​ ​ Average ​ ​ ​ ​ ​ Grant Date ​ ​ ​ Shares ​ Fair Value ​ Unvested, December 31, 2019 142,020 ​ $ 48.88 ​ Granted 14,650 ​ 53.22 ​ Vested (16,230) ​ 39.97 ​ Forfeited (620) ​ 53.46 ​ Unvested, March 31, 2020 139,820 ​ ​ 50.39 ​

Business Combination (Tables)

Business Combination (Tables)	3 Months Ended
	Mar. 31, 2021
Schedule of acquired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 December 31, 2020 ​ Acquired Loans - Acquired Loans - ​ ​ Acquired Loans - Acquired Loans - ​ ​ ​ ​ Purchased ​ Purchased ​ Acquired Loans - ​ Purchased ​ Purchased ​ Acquired Loans - (Dollars in thousands) ​ Credit Impaired ​ Performing ​ Total ​ Credit Impaired ​ Performing ​ Total Outstanding principal balance ​ $ 11,931 ​ $ 79,015 ​ $ 90,946 ​ $ 12,760 ​ $ 89,043 ​ $ 101,803 ​ Carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate – residential mortgage ​ $ 914 ​ $ 14,007 ​ $ 14,921 ​ $ 1,473 ​ $ 15,117 ​ $ 16,590 ​ Real estate – construction ​ ​ — ​ ​ 1,077 ​ ​ 1,077 ​ ​ — ​ ​ 1,077 ​ ​ 1,077 ​ Commercial, financial and agricultural 1 ​ 4,872 ​ 51,880 ​ 56,752 ​ 4,758 ​ 58,796 ​ 63,554 ​ Equity lines ​ 50 ​ 8,861 ​ 8,911 ​ 80 ​ 10,182 ​ 10,262 ​ Consumer ​ 42 ​ 1,666 ​ 1,708 ​ 48 ​ 1,924 ​ 1,972 ​ Total acquired loans ​ $ 5,878 ​ $ 77,491 ​ $ 83,369 ​ $ 6,359 ​ $ 87,096 ​ $ 93,455 ​ 1 Includes acquired loans classified by the Corporation as commercial real estate lending and commercial business lending.
Peoples Bankshares, Incorporated (Peoples)
Schedule of total consideration paid, the fair values of assets acquired and liabilities assumed, and the resulting goodwill	​ ​ ​ ​ ​ ​ ​ Amounts ​ ​ ​ Recognized as of ​ (Dollars in thousands) ​ January 1, 2020 ​ Purchase price: ​ ​ ​ ​ Cash paid ​ $ 10,579 ​ Common stock issued ​ 11,612 ​ Total purchase price ​ $ 22,191 ​ ​ ​ ​ ​ ​ Identifiable assets acquired: ​ ​ ​ ​ Cash and cash equivalents ​ $ 29,680 ​ Securities available for sale ​ 17,169 ​ Loans ​ 124,195 ​ Accrued interest receivable ​ ​ 430 ​ Corporate premises and equipment ​ 3,105 ​ Other real estate owned ​ 281 ​ Core deposit intangible asset ​ 1,711 ​ Bank-owned life insurance ​ ​ 3,591 ​ Investment in small business investment company ​ ​ 1,493 ​ Other receivables ​ ​ 5,234 ​ Other assets ​ 3,658 ​ Total identifiable assets acquired ​ 190,547 ​ ​ ​ ​ ​ ​ Identifiable liabilities assumed: ​ ​ ​ ​ Demand and savings deposits ​ 94,798 ​ Time deposits ​ ​ 77,018 ​ Borrowings ​ 4,245 ​ Accrued interest payable ​ 260 ​ Salaries, benefits and deferred compensation ​ ​ 2,054 ​ Other liabilities ​ 747 ​ Total identifiable liabilities assumed ​ 179,122 ​ ​ ​ ​ ​ ​ Net identifiable assets acquired ​ $ 11,425 ​ ​ ​ ​ ​ ​ Goodwill resulting from acquisition ​ $ 10,766 ​
Schedule of acquired loans	​ ​ ​ ​ ​ ​ (Dollars in thousands) January 1, 2020 Contractual principal and interest due ​ $ 20,310 ​ Nonaccretable difference ​ (7,679) ​ Expected cash flows ​ 12,631 ​ Accretable yield ​ (3,372) ​ Purchased credit impaired loans - estimated fair value ​ $ 9,259 ​

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2021
Securities
Summary of available for sale debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. government agencies and corporations ​ $ 54,900 ​ $ 105 ​ $ (1,324) ​ $ 53,681 ​ Mortgage-backed securities ​ 148,307 ​ 2,769 ​ (558) ​ 150,518 ​ Obligations of states and political subdivisions ​ 101,601 ​ 1,923 ​ (370) ​ 103,154 ​ Corporate and other debt securities ​ ​ 13,915 ​ ​ 79 ​ ​ (62) ​ ​ 13,932 ​ ​ ​ $ 318,723 ​ $ 4,876 ​ $ (2,314) ​ $ 321,285 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. government agencies and corporations ​ $ 48,171 ​ $ 121 ​ $ (10) ​ $ 48,282 ​ Mortgage-backed securities ​ 120,664 ​ 3,165 ​ (115) ​ 123,714 ​ Obligations of states and political subdivisions ​ 100,405 ​ 2,436 ​ (36) ​ 102,805 ​ Corporate and other debt securities ​ 11,584 ​ 47 ​ (43) ​ 11,588 ​ ​ ​ $ 280,824 ​ $ 5,769 ​ $ (204) ​ $ 286,389 ​
Schedule of amortized cost and estimated fair value of securities, by the earlier of contractual maturity or expected maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Amortized ​ (Dollars in thousands) ​ Cost ​ Fair Value Due in one year or less ​ $ 63,112 ​ $ 62,695 ​ Due after one year through five years ​ 171,500 ​ 175,068 ​ Due after five years through ten years ​ 75,592 ​ 75,334 ​ Due after ten years ​ 8,519 ​ 8,188 ​ ​ ​ $ 318,723 ​ $ 321,285 ​
Schedule of gross realized gains and losses and the proceeds	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2021 2020 Realized gains from sales, maturities and calls of securities: ​ ​ ​ ​ ​ ​ Gross realized gains ​ $ 32 ​ $ 4 Gross realized losses ​ — ​ — Net realized gains ​ $ 32 ​ $ 4 Proceeds from sales, maturities, calls and paydowns of securities ​ $ 33,712 ​ $ 39,063
Schedule of securities in an unrealized loss position	Securities in an unrealized loss position at March 31, 2021, by duration of the period of the unrealized loss, are shown below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or More ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) ​ Value ​ Loss ​ Value ​ Loss ​ Value ​ Loss U.S. government agencies and corporations ​ $ 42,067 ​ $ 1,324 ​ $ — ​ $ — ​ $ 42,067 ​ $ 1,324 ​ Mortgage-backed securities ​ 48,067 ​ ​ 558 ​ — ​ — ​ 48,067 ​ 558 ​ Obligations of states and political subdivisions ​ 21,881 ​ 370 ​ — ​ — ​ 21,881 ​ 370 ​ Corporate and other debt securities ​ ​ 6,258 ​ ​ 62 ​ ​ — ​ ​ — ​ ​ 6,258 ​ ​ 62 ​ Total temporarily impaired securities ​ $ 118,273 ​ $ 2,314 ​ $ — ​ $ — ​ $ 118,273 ​ $ 2,314 ​ Securities in an unrealized loss position at December 31, 2020, by duration of the period of the unrealized loss, are shown below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or More ​ Total ​ Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) ​ Value ​ Loss ​ Value ​ Loss ​ Value ​ Loss U.S. government agencies and corporations ​ $ 12,719 ​ $ 10 ​ $ — ​ $ — ​ $ 12,719 ​ $ 10 ​ Mortgage-backed securities ​ ​ 15,691 ​ 115 ​ — ​ — ​ 15,691 ​ 115 ​ Obligations of states and political subdivisions ​ ​ 5,110 ​ ​ 36 ​ ​ — ​ ​ — ​ ​ 5,110 ​ ​ 36 ​ Corporate and other debt securities ​ 4,271 ​ 43 ​ — ​ — ​ 4,271 ​ 43 ​ Total temporarily impaired securities ​ $ 37,791 ​ $ 204 ​ $ — ​ $ — ​ $ 37,791 ​ $ 204 ​

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2021
Loans
Summary of major classifications of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (Dollars in thousands) 2021 2020 Real estate – residential mortgage ​ $ 216,920 ​ $ 218,298 ​ Real estate – construction 1 ​ 52,884 ​ 62,147 ​ Commercial, financial and agricultural 2 ​ 741,980 ​ 700,215 ​ Equity lines ​ 46,976 ​ 48,466 ​ Consumer ​ 9,132 ​ 11,028 ​ Consumer finance ​ 317,144 ​ 312,252 ​ ​ ​ 1,385,036 ​ 1,352,406 ​ Less allowance for loan losses ​ (39,033) ​ (39,156) ​ Loans, net ​ $ 1,346,003 ​ $ 1,313,250 ​ 1 Includes the Corporation’s real estate construction lending and consumer real estate lot lending. 2 Includes the Corporation’s commercial real estate lending, land acquisition and development lending, builder line lending and commercial business lending (which includes loans originated under the PPP).
Schedule of acquired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 December 31, 2020 ​ Acquired Loans - Acquired Loans - ​ ​ Acquired Loans - Acquired Loans - ​ ​ ​ ​ Purchased ​ Purchased ​ Acquired Loans - ​ Purchased ​ Purchased ​ Acquired Loans - (Dollars in thousands) ​ Credit Impaired ​ Performing ​ Total ​ Credit Impaired ​ Performing ​ Total Outstanding principal balance ​ $ 11,931 ​ $ 79,015 ​ $ 90,946 ​ $ 12,760 ​ $ 89,043 ​ $ 101,803 ​ Carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate – residential mortgage ​ $ 914 ​ $ 14,007 ​ $ 14,921 ​ $ 1,473 ​ $ 15,117 ​ $ 16,590 ​ Real estate – construction ​ ​ — ​ ​ 1,077 ​ ​ 1,077 ​ ​ — ​ ​ 1,077 ​ ​ 1,077 ​ Commercial, financial and agricultural 1 ​ 4,872 ​ 51,880 ​ 56,752 ​ 4,758 ​ 58,796 ​ 63,554 ​ Equity lines ​ 50 ​ 8,861 ​ 8,911 ​ 80 ​ 10,182 ​ 10,262 ​ Consumer ​ 42 ​ 1,666 ​ 1,708 ​ 48 ​ 1,924 ​ 1,972 ​ Total acquired loans ​ $ 5,878 ​ $ 77,491 ​ $ 83,369 ​ $ 6,359 ​ $ 87,096 ​ $ 93,455 ​ 1 Includes acquired loans classified by the Corporation as commercial real estate lending and commercial business lending.
Summary of change in the accretable yield of loans classified as purchased credit impaired (PCI)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ (Dollars in thousands) 2021 2020 Accretable yield, balance at beginning of period ​ $ 4,048 ​ $ 4,721 ​ Acquisition of Peoples ​ — ​ 3,366 ​ Accretion ​ (517) ​ (959) ​ Reclassification of nonaccretable difference due to improvement in expected cash flows ​ 456 ​ 733 ​ Other changes, net ​ (69) ​ 57 ​ Accretable yield, balance at end of period ​ $ 3,918 ​ $ 7,918 ​
Schedule of loans on nonaccrual status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (Dollars in thousands) 2021 2020 Real estate – residential mortgage ​ $ 278 ​ $ 276 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ Commercial business lending ​ 2,409 ​ 2,428 ​ Equity lines ​ 189 ​ 191 ​ Consumer ​ 110 ​ 107 ​ Consumer finance ​ 182 ​ 402 ​ Total loans on nonaccrual status ​ $ 3,168 ​ $ 3,404 ​
Schedule of past due status of loans	The past due status of loans as of March 31, 2021 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90+ Days ​ ​ 30 - 59 Days ​ 60 - 89 Days ​ 90+ Days ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due and (Dollars in thousands) ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ PCI ​ Current 1 ​ Total Loans ​ Accruing Real estate – residential mortgage ​ $ 982 ​ $ 449 ​ $ 291 ​ $ 1,722 ​ $ 914 ​ $ 214,284 ​ $ 216,920 ​ $ 145 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ — ​ — ​ — ​ — ​ ​ — ​ 39,525 ​ 39,525 ​ — ​ Consumer lot lending ​ — ​ — ​ — ​ — ​ ​ — ​ 13,359 ​ 13,359 ​ — ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 219 ​ — ​ — ​ 219 ​ ​ 4,872 ​ 449,211 ​ 454,302 ​ — ​ Land acquisition and development lending ​ — ​ — ​ — ​ — ​ ​ — ​ 33,615 ​ 33,615 ​ — ​ Builder line lending ​ — ​ — ​ — ​ — ​ ​ — ​ 22,388 ​ 22,388 ​ — ​ Commercial business lending ​ — ​ — ​ — ​ — ​ ​ — ​ 231,675 ​ 231,675 ​ — ​ Equity lines ​ 51 ​ 64 ​ — ​ 115 ​ ​ 50 ​ 46,811 ​ 46,976 ​ — ​ Consumer ​ 26 ​ — ​ — ​ 26 ​ ​ 42 ​ 9,064 ​ 9,132 ​ — ​ Consumer finance ​ 4,242 ​ 518 ​ 182 ​ 4,942 ​ ​ — ​ 312,202 ​ 317,144 ​ — ​ Total ​ $ 5,520 ​ $ 1,031 ​ $ 473 ​ $ 7,024 ​ $ 5,878 ​ $ 1,372,134 ​ $ 1,385,036 ​ $ 145 ​ 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. ​ The table above includes nonaccrual loans that are current of $2.83 million, 30-59 days past due of $5,000 and 90+ days past due of $328,000. ​ The past due status of loans as of December 31, 2020 was as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 90+ Days ​ ​ 30 - 59 Days ​ 60 - 89 Days ​ 90+ Days ​ Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Past Due and (Dollars in thousands) ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ PCI ​ Current 1 ​ Total Loans ​ Accruing Real estate – residential mortgage ​ $ 1,100 ​ $ 154 ​ $ 176 ​ $ 1,430 ​ $ 1,473 ​ $ 215,395 ​ $ 218,298 ​ $ 145 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ — ​ — ​ — ​ — ​ ​ — ​ 49,659 ​ 49,659 ​ — ​ Consumer lot lending ​ — ​ — ​ — ​ — ​ ​ — ​ 12,488 ​ 12,488 ​ — ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ — ​ — ​ — ​ — ​ ​ 4,758 ​ 437,145 ​ 441,903 ​ — ​ Land acquisition and development lending ​ — ​ — ​ — ​ — ​ ​ — ​ 37,724 ​ 37,724 ​ — ​ Builder line lending ​ — ​ — ​ — ​ — ​ ​ — ​ 18,194 ​ 18,194 ​ — ​ Commercial business lending ​ 24 ​ — ​ — ​ 24 ​ ​ — ​ 202,370 ​ 202,394 ​ — ​ Equity lines ​ 52 ​ — ​ — ​ 52 ​ ​ 80 ​ 48,334 ​ 48,466 ​ — ​ Consumer ​ 2 ​ — ​ — ​ 2 ​ ​ 48 ​ 10,978 ​ 11,028 ​ — ​ Consumer finance ​ 8,249 ​ 967 ​ 402 ​ 9,618 ​ ​ — ​ 302,634 ​ 312,252 ​ — ​ Total ​ $ 9,427 ​ $ 1,121 ​ $ 578 ​ $ 11,126 ​ $ 6,359 ​ $ 1,334,921 ​ $ 1,352,406 ​ $ 145 ​ 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. ​ The table above includes nonaccrual loans that are current of $2.86 million, 30-59 days past due of $115,000 and 90+ days past due of $433,000.
Schedule of impaired loans	Impaired loans, which included TDRs of $3.00 million, and the related allowance at March 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ ​ Average ​ ​ ​ ​ Unpaid ​ in Loans ​ in Loans ​ ​ ​ Balance- ​ Interest ​ ​ ​ Principal ​ without ​ with ​ Related ​ Impaired ​ Income ​ (Dollars in thousands) ​ Balance ​ Specific Reserve ​ Specific Reserve ​ Allowance ​ Loans ​ Recognized Real estate – residential mortgage ​ $ 1,753 ​ $ 446 ​ $ 1,194 ​ $ 69 ​ $ 1,758 ​ $ 17 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 1,395 ​ — ​ 1,395 ​ 95 ​ 1,396 ​ 18 ​ Commercial business lending ​ 2,430 ​ — ​ 2,408 ​ 625 ​ 2,410 ​ — ​ Equity lines ​ 120 ​ 110 ​ — ​ — ​ 117 ​ — ​ Consumer ​ 286 ​ — ​ 105 ​ 102 ​ 106 ​ — ​ Total ​ $ 5,984 ​ $ 556 ​ $ 5,102 ​ $ 891 ​ $ 5,787 ​ $ 35 ​ ​ Impaired loans, which included TDRs of $3.58 million, and the related allowance at December 31, 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Recorded ​ Recorded ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Investment ​ Investment ​ ​ ​ Average ​ ​ ​ ​ Unpaid ​ in Loans ​ in Loans ​ ​ ​ Balance- ​ Interest ​ ​ ​ Principal ​ without ​ with ​ Related ​ Impaired ​ Income ​ (Dollars in thousands) ​ Balance ​ Specific Reserve ​ Specific Reserve ​ Allowance ​ Loans ​ Recognized Real estate – residential mortgage ​ $ 2,326 ​ $ 931 ​ $ 1,279 ​ $ 77 ​ $ 2,353 ​ $ 105 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 1,397 ​ — ​ 1,397 ​ 89 ​ 1,404 ​ 73 ​ Commercial business lending ​ 2,430 ​ — ​ 2,428 ​ 585 ​ 2,573 ​ — ​ Equity lines ​ 120 ​ 111 ​ — ​ — ​ 119 ​ 2 ​ Consumer ​ 147 ​ — ​ 132 ​ 128 ​ 154 ​ 3 ​ Total ​ $ 6,420 ​ $ 1,042 ​ $ 5,236 ​ $ 879 ​ $ 6,603 ​ $ 183 ​

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2021
Allowance for Loan Losses
Schedule of changes in the allowance for loan losses	The following table presents the changes in the allowance for loan losses by major classification during the three months ended March 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ ​ Commercial, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Real Estate ​ Financial & ​ Equity ​ ​ ​ ​ Consumer ​ ​ ​ (Dollars in thousands) ​ Mortgage ​ Construction ​ Agricultural ​ Lines ​ Consumer ​ Finance ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2020 ​ $ 2,914 ​ $ 975 ​ $ 10,696 ​ $ 687 ​ $ 371 ​ $ 23,513 ​ $ 39,156 ​ Provision charged (credited) to operations ​ ​ (28) ​ ​ (153) ​ ​ 311 ​ ​ (16) ​ ​ (84) ​ ​ 250 ​ ​ 280 ​ Loans charged off ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (45) ​ ​ (1,651) ​ ​ (1,696) ​ Recoveries of loans previously charged off ​ ​ 7 ​ ​ — ​ ​ — ​ ​ — ​ ​ 35 ​ ​ 1,251 ​ ​ 1,293 ​ Balance at March 31, 2021 ​ $ 2,893 ​ $ 822 ​ $ 11,007 ​ $ 671 ​ $ 277 ​ $ 23,363 ​ $ 39,033 ​ ​ The following table presents the changes in the allowance for loan losses by major classification during the three months ended March 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ ​ Commercial, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Real Estate ​ Financial & ​ Equity ​ ​ ​ ​ Consumer ​ ​ ​ (Dollars in thousands) ​ Mortgage ​ Construction ​ Agricultural ​ Lines ​ Consumer ​ Finance ​ Total Allowance for loan losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2019 ​ $ 2,080 ​ $ 681 ​ $ 7,121 ​ $ 733 ​ $ 465 ​ $ 21,793 ​ $ 32,873 ​ Provision charged (credited) to operations ​ ​ 60 ​ ​ 90 ​ ​ 831 ​ ​ 37 ​ ​ (18) ​ ​ 1,650 ​ ​ 2,650 ​ Loans charged off ​ ​ (4) ​ ​ — ​ ​ (18) ​ ​ — ​ ​ (93) ​ ​ (3,426) ​ ​ (3,541) ​ Recoveries of loans previously charged off ​ ​ 4 ​ ​ — ​ ​ 1 ​ ​ — ​ ​ 62 ​ ​ 1,249 ​ ​ 1,316 ​ Balance at March 31, 2020 ​ $ 2,140 ​ $ 771 ​ $ 7,935 ​ $ 770 ​ $ 416 ​ $ 21,266 ​ $ 33,298 ​
Schedule of balance of the allowance for loan losses and the balance of loans by impairment methodology	The following table presents, as of March 31, 2021, the balance of the allowance for loan losses, the allowance by impairment methodology, total loans and loans by impairment methodology. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ ​ Commercial, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Real Estate ​ Financial & ​ Equity ​ ​ ​ ​ Consumer ​ ​ ​ (Dollars in thousands) ​ Mortgage ​ Construction ​ Agricultural ​ Lines ​ Consumer ​ Finance ​ Total Allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 69 ​ $ — ​ $ 720 ​ $ — ​ $ 102 ​ $ — ​ $ 891 ​ Collectively evaluated for impairment ​ ​ 2,824 ​ ​ 822 ​ ​ 10,287 ​ ​ 671 ​ ​ 175 ​ ​ 23,363 ​ ​ 38,142 ​ Acquired loans - PCI ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Total allowance ​ $ 2,893 ​ $ 822 ​ $ 11,007 ​ $ 671 ​ $ 277 ​ $ 23,363 ​ $ 39,033 ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,640 ​ $ — ​ $ 3,803 ​ $ 110 ​ $ 105 ​ $ — ​ $ 5,658 ​ Collectively evaluated for impairment ​ ​ 214,366 ​ ​ 52,884 ​ ​ 733,305 ​ ​ 46,816 ​ ​ 8,985 ​ ​ 317,144 ​ ​ 1,373,500 ​ Acquired loans - PCI ​ ​ 914 ​ ​ — ​ ​ 4,872 ​ ​ 50 ​ ​ 42 ​ ​ — ​ ​ 5,878 ​ Total loans ​ $ 216,920 ​ $ 52,884 ​ $ 741,980 ​ $ 46,976 ​ $ 9,132 ​ $ 317,144 ​ $ 1,385,036 ​ ​ The following table presents, as of December 31, 2020, the balance of the allowance for loan losses, the allowance by impairment methodology, total loans and loans by impairment methodology. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ ​ Commercial, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Real Estate ​ Financial & ​ Equity ​ ​ ​ ​ Consumer ​ ​ ​ (Dollars in thousands) ​ Mortgage ​ Construction ​ Agricultural ​ Lines ​ Consumer ​ Finance ​ Total Allowance balance attributable to loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 77 ​ $ — ​ $ 674 ​ $ — ​ $ 128 ​ $ — ​ $ 879 ​ Collectively evaluated for impairment ​ ​ 2,837 ​ ​ 975 ​ ​ 10,022 ​ ​ 687 ​ ​ 243 ​ ​ 23,513 ​ ​ 38,277 ​ Acquired loans - PCI ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Total allowance ​ $ 2,914 ​ $ 975 ​ $ 10,696 ​ $ 687 ​ $ 371 ​ $ 23,513 ​ $ 39,156 ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 2,210 ​ $ — ​ $ 3,825 ​ $ 111 ​ $ 132 ​ $ — ​ $ 6,278 ​ Collectively evaluated for impairment ​ ​ 214,615 ​ ​ 62,147 ​ ​ 691,632 ​ ​ 48,275 ​ ​ 10,848 ​ ​ 312,252 ​ ​ 1,339,769 ​ Acquired loans - PCI ​ ​ 1,473 ​ ​ — ​ ​ 4,758 ​ ​ 80 ​ ​ 48 ​ ​ — ​ ​ 6,359 ​ Total loans ​ $ 218,298 ​ $ 62,147 ​ $ 700,215 ​ $ 48,466 ​ $ 11,028 ​ $ 312,252 ​ $ 1,352,406 ​
Schedule of loans by credit quality indicators	Loans by credit quality indicators as of March 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ Substandard ​ ​ (Dollars in thousands) ​ Pass ​ Mention ​ Substandard ​ Nonaccrual ​ Total 1 Real estate – residential mortgage ​ $ 215,312 ​ $ 699 ​ $ 631 ​ $ 278 ​ $ 216,920 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ 39,525 ​ — ​ — ​ — ​ 39,525 ​ Consumer lot lending ​ 13,359 ​ — ​ — ​ — ​ 13,359 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 430,671 ​ 15,507 ​ 8,124 ​ — ​ 454,302 ​ Land acquisition and development lending ​ 33,615 ​ — ​ — ​ — ​ 33,615 ​ Builder line lending ​ 22,388 ​ — ​ — ​ — ​ 22,388 ​ Commercial business lending ​ 226,063 ​ 3,104 ​ 99 ​ 2,409 ​ 231,675 ​ Equity lines ​ 46,658 ​ 126 ​ 3 ​ 189 ​ 46,976 ​ Consumer ​ 8,964 ​ 42 ​ 16 ​ 110 ​ 9,132 ​ ​ ​ $ 1,036,555 ​ $ 19,478 ​ $ 8,873 ​ $ 2,986 ​ $ 1,067,892 ​ 1 At March 31, 2021, the Corporation did not have any loans classified as Doubtful or Loss. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ ​ (Dollars in thousands) Performing Performing Total Consumer finance ​ $ 316,962 ​ $ 182 ​ $ 317,144 ​ ​ Loans by credit quality indicators as of December 31, 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ Substandard ​ ​ (Dollars in thousands) ​ Pass ​ Mention ​ Substandard ​ Nonaccrual ​ Total 1 Real estate – residential mortgage ​ $ 215,712 ​ $ 1,715 ​ $ 595 ​ $ 276 ​ $ 218,298 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ 49,659 ​ — ​ — ​ — ​ 49,659 ​ Consumer lot lending ​ 12,488 ​ — ​ — ​ — ​ 12,488 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 415,506 ​ 15,507 ​ 10,890 ​ — ​ 441,903 ​ Land acquisition and development lending ​ 37,724 ​ — ​ — ​ — ​ 37,724 ​ Builder line lending ​ 18,194 ​ — ​ — ​ — ​ 18,194 ​ Commercial business lending ​ 196,743 ​ 3,124 ​ 99 ​ 2,428 ​ 202,394 ​ Equity lines ​ 48,140 ​ 132 ​ 3 ​ 191 ​ 48,466 ​ Consumer ​ 10,832 ​ 48 ​ 41 ​ 107 ​ 11,028 ​ ​ ​ $ 1,004,998 ​ $ 20,526 ​ $ 11,628 ​ $ 3,002 ​ $ 1,040,154 ​ 1 At December 31, 2020, the Corporation did not have any loans classified as Doubtful or Loss. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ ​ (Dollars in thousands) Performing Performing Total Consumer finance ​ $ 311,850 ​ $ 402 ​ $ 312,252 ​

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Other Intangible Assets
Schedule of changes in goodwill, by reporting unit	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community ​ Consumer ​ ​ (Dollars in thousands) Banking Finance Total Balance as of January 1, 2020 ​ $ 3,702 ​ $ 10,723 ​ $ 14,425 Acquisition of Peoples Bankshares, Incorporated ​ ​ 10,766 ​ ​ — ​ ​ 10,766 Balance at March 31, 2020 ​ $ 14,468 ​ $ 10,723 ​ $ 25,191
Schedule of gross carrying amounts and accumulated amortization of other intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ ​ December 31, ​ ​ ​ 2021 ​ ​ 2020 ​ ​ ​ Gross ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ Carrying ​ Accumulated ​ ​ Carrying ​ Accumulated (Dollars in thousands) ​ ​ Amount ​ Amortization ​ ​ Amount ​ Amortization Amortizable intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Core deposit intangibles ​ $ 1,711 ​ $ (209) ​ $ 1,711 ​ $ (171) Other amortizable intangibles ​ 1,405 ​ ​ (694) ​ ​ 1,405 ​ ​ (654) Total ​ $ 3,116 ​ $ (903) ​ $ 3,116 ​ $ (825)

Equity, Other Comprehensive I_2

Equity, Other Comprehensive Income and Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2021
Equity, Other Comprehensive Income and Earnings Per Share
Schedule of the components of accumulated other comprehensive loss, net of deferred taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (Dollars in thousands) 2021 2020 Net unrealized gains on securities ​ $ 2,024 ​ $ 4,397 Net unrecognized losses on cash flow hedges ​ (633) ​ (1,367) Net unrecognized losses on defined benefit plan ​ (4,951) ​ (4,985) Total accumulated other comprehensive loss, net ​ $ (3,560) ​ $ (1,955)
Schedule of components earnings per share calculations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2021 2020 Net income attributable to C&F Financial Corporation ​ $ 7,061 ​ $ 3,578 ​ Weighted average shares outstanding — ​ 3,676,067 ​ 3,644,614 ​ ​ ​

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2021
Employee Benefit Plans
Schedule of net periodic benefit costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2021 2020 Components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ Service cost, included in salaries and employee benefits ​ $ 487 ​ $ 386 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 116 ​ 135 ​ Expected return on plan assets ​ (440) ​ (374) ​ Amortization of prior service credit ​ (17) ​ (17) ​ Amortization of net obligation at transition ​ — ​ — ​ Recognized net actuarial losses ​ 60 ​ 42 ​ Other components of net periodic benefit cost, included in other noninterest income ​ ​ (281) ​ ​ (214) ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost ​ $ 206 ​ $ 172 ​

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value of Assets and Liabilities
Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ Fair Value Measurements Classified as ​ Assets/Liabilities at (Dollars in thousands) Level 1 Level 2 Level 3 Fair Value Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies and corporations ​ $ — ​ $ 53,681 ​ $ — ​ $ 53,681 ​ Mortgage-backed securities ​ — ​ 150,518 ​ — ​ 150,518 ​ Obligations of states and political subdivisions ​ — ​ 103,154 ​ — ​ 103,154 ​ Corporate and other debt securities ​ ​ — ​ ​ 13,932 ​ ​ — ​ ​ 13,932 ​ Total securities available for sale ​ — ​ 321,285 ​ — ​ 321,285 ​ Loans held for sale ​ — ​ 177,350 ​ — ​ 177,350 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ — ​ 4,026 ​ — ​ 4,026 ​ Interest rate swaps on loans ​ ​ — ​ ​ 4,841 ​ ​ — ​ ​ 4,841 ​ Forward sales of TBA securities ​ — ​ 75 ​ — ​ 75 ​ Total assets ​ $ — ​ $ 507,577 ​ $ — ​ $ 507,577 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ $ — ​ $ 4,841 ​ $ — ​ $ 4,841 ​ Cash flow hedges ​ ​ — ​ ​ 891 ​ ​ — ​ ​ 891 ​ Total liabilities ​ $ — ​ $ 5,732 ​ $ — ​ $ 5,732 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Fair Value Measurements Classified as ​ Assets/Liabilities at (Dollars in thousands) Level 1 Level 2 Level 3 Fair Value Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities available for sale ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. government agencies and corporations ​ $ — ​ $ 48,282 ​ $ — ​ $ 48,282 ​ Mortgage-backed securities ​ — ​ 123,714 ​ — ​ 123,714 ​ Obligations of states and political subdivisions ​ — ​ 102,805 ​ — ​ 102,805 ​ Corporate and other debt securities ​ — ​ 11,588 ​ — ​ 11,588 ​ Total securities available for sale ​ — ​ 286,389 ​ — ​ 286,389 ​ Loans held for sale ​ — ​ 214,266 ​ — ​ 214,266 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ — ​ 4,582 ​ — ​ 4,582 ​ Interest rate swaps on loans ​ — ​ 8,185 ​ — ​ 8,185 ​ Total assets ​ $ — ​ $ 513,422 ​ $ — ​ $ 513,422 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ $ — ​ $ 8,185 ​ $ — ​ $ 8,185 ​ Cash flow hedges ​ ​ — ​ ​ 1,882 ​ ​ — ​ ​ 1,882 ​ Forward sales of TBA securities ​ ​ — ​ ​ 47 ​ ​ — ​ ​ 47 ​ Total liabilities ​ $ — ​ $ 10,114 ​ $ — ​ $ 10,114 ​
Schedule of balances of assets measured at fair value on a nonrecurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ ​ Fair Value Measurements Classified as ​ Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Other real estate owned, net ​ $ — ​ $ — ​ $ 72 ​ $ 72 ​ Total ​ $ — ​ $ — ​ $ 72 ​ $ 72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Fair Value Measurements Classified as ​ Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Other real estate owned, net ​ $ — ​ $ — ​ $ 72 ​ $ 72 ​ Total ​ $ — ​ $ — ​ $ 72 ​ $ 72 ​
Schedule of quantitative information about Level 3 fair value measurements for financial assets measured at fair value on a nonrecurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Fair Value Measurements (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range (Weighted Average) 1 At March 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other real estate owned, net ​ $ 72 Appraisals Discount to reflect current market conditions and estimated selling costs 75% - 80% ( 79% ) ​ Total ​ $ 72 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ At December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other real estate owned, net ​ $ 72 Appraisals Discount to reflect current market conditions and estimated selling costs 75% - 80% (79%) ​ Total ​ $ 72 ​ ​ ​ ​ ​ ​ ​ 1 The weighted average of unobservable inputs is calculated based on the relative asset fair values.
Schedule of carrying amounts and estimated fair values of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Value Measurements at March 31, 2021 Classifed as Total Fair (Dollars in thousands) ​ Value ​ Level 1 ​ Level 2 ​ Level 3 ​ Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and short-term investments ​ $ 147,438 ​ $ 147,438 ​ $ — ​ $ — ​ $ 147,438 ​ Securities available for sale ​ 321,285 ​ ​ — ​ 321,285 ​ ​ — ​ 321,285 ​ Loans, net ​ 1,346,003 ​ — ​ — ​ 1,331,249 ​ 1,331,249 ​ Loans held for sale ​ 177,350 ​ — ​ 177,350 ​ — ​ 177,350 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ ​ 4,026 ​ ​ — ​ ​ 4,026 ​ ​ — ​ ​ 4,026 ​ Interest rate swaps on loans ​ ​ 4,841 ​ ​ — ​ ​ 4,841 ​ ​ — ​ ​ 4,841 ​ Forward sales of TBA securities ​ ​ 75 ​ ​ — ​ ​ 75 ​ ​ — ​ ​ 75 ​ Bank-owned life insurance ​ ​ 20,332 ​ ​ — ​ ​ 20,332 ​ ​ — ​ ​ 20,332 ​ Accrued interest receivable ​ 7,723 ​ 7,723 ​ — ​ — ​ 7,723 ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand and savings deposits ​ ​ 1,373,882 ​ ​ 1,373,882 ​ ​ — ​ ​ — ​ ​ 1,373,882 ​ Time deposits ​ 458,100 ​ — ​ 461,981 ​ — ​ 461,981 ​ Borrowings ​ 73,328 ​ — ​ 72,267 ​ — ​ 72,267 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow hedges ​ 891 ​ ​ — ​ 891 ​ ​ — ​ 891 ​ Interest rate swaps on loans ​ ​ 4,841 ​ ​ — ​ ​ 4,841 ​ ​ — ​ ​ 4,841 ​ Accrued interest payable ​ 734 ​ 734 ​ — ​ — ​ 734 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Value Measurements at December 31, 2020 Classifed as Total Fair (Dollars in thousands) ​ Value ​ Level 1 ​ Level 2 ​ Level 3 ​ Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and short-term investments ​ $ 86,669 ​ $ 86,669 ​ $ — ​ $ — ​ $ 86,669 ​ Securities available for sale ​ 286,389 ​ ​ — ​ 286,389 ​ ​ — ​ 286,389 ​ Loans, net ​ 1,313,250 ​ — ​ — ​ 1,308,569 ​ 1,308,569 ​ Loans held for sale ​ 214,266 ​ — ​ 214,266 ​ — ​ 214,266 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ ​ 4,582 ​ ​ — ​ ​ 4,582 ​ ​ — ​ ​ 4,582 ​ Interest rate swaps on loans ​ ​ 8,185 ​ ​ — ​ ​ 8,185 ​ ​ — ​ ​ 8,185 ​ Bank-owned life insurance ​ ​ 20,205 ​ ​ — ​ ​ 20,205 ​ ​ — ​ ​ 20,205 ​ Accrued interest receivable ​ 8,103 ​ 8,103 ​ — ​ — ​ 8,103 ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand and savings deposits ​ ​ 1,282,590 ​ ​ 1,282,590 ​ ​ — ​ ​ — ​ ​ 1,282,590 ​ Time deposits ​ 469,583 ​ — ​ 474,154 ​ — ​ 474,154 ​ Borrowings ​ 69,864 ​ — ​ 71,119 ​ — ​ 71,119 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow hedges ​ 1,882 ​ ​ — ​ 1,882 ​ ​ — ​ 1,882 ​ Interest rate swaps on loans ​ ​ 8,185 ​ ​ — ​ ​ 8,185 ​ ​ — ​ ​ 8,185 ​ Forward sales of TBA securities ​ ​ 47 ​ ​ — ​ ​ 47 ​ ​ ​ ​ ​ 47 ​ Accrued interest payable ​ 1,109 ​ 1,109 ​ — ​ — ​ 1,109 ​

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2021
Business Segments
Schedule of segment reporting information, by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2021 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 15,176 ​ $ 1,127 ​ $ 9,249 ​ $ — ​ $ (2,476) ​ $ 23,076 ​ Interest expense ​ 1,724 ​ ​ 373 ​ 2,200 ​ 582 ​ (2,479) ​ 2,400 ​ Net interest income ​ 13,452 ​ 754 ​ 7,049 ​ (582) ​ 3 ​ 20,676 ​ Gain on sales of loans ​ ​ — ​ ​ 7,105 ​ ​ — ​ ​ — ​ ​ (47) ​ ​ 7,058 ​ Other noninterest income ​ ​ 3,968 ​ ​ 2,724 ​ ​ 112 ​ ​ 511 ​ ​ (17) ​ ​ 7,298 ​ Net revenue ​ 17,420 ​ 10,583 ​ 7,161 ​ (71) ​ (61) ​ 35,032 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ — ​ 30 ​ ​ 250 ​ ​ — ​ ​ — ​ 280 ​ Noninterest expense ​ 14,052 ​ 6,987 ​ ​ 3,448 ​ ​ 813 ​ ​ — ​ 25,300 ​ Income (loss) before taxes ​ 3,368 ​ 3,566 ​ 3,463 ​ (884) ​ (61) ​ 9,452 ​ Income tax expense (benefit) ​ 575 ​ 1,021 ​ ​ 936 ​ ​ (232) ​ (13) ​ 2,287 ​ Net income (loss) ​ $ 2,793 ​ $ 2,545 ​ $ 2,527 ​ $ (652) ​ $ (48) ​ $ 7,165 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 139 ​ $ 60 ​ $ 1,924 ​ $ — ​ $ — ​ $ 2,123 ​ Depreciation and amortization ​ $ 1,066 ​ $ 68 ​ $ 55 ​ $ — ​ $ — ​ $ 1,189 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2020 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 15,915 ​ $ 661 ​ $ 10,101 ​ $ — ​ $ (1,899) ​ $ 24,778 ​ Interest expense ​ 3,144 ​ ​ 305 ​ 2,286 ​ 339 ​ (1,899) ​ 4,175 ​ Net interest income ​ 12,771 ​ 356 ​ 7,815 ​ (339) ​ — ​ 20,603 ​ Gain on sales of loans ​ ​ — ​ ​ 3,676 ​ ​ — ​ ​ — ​ ​ — ​ ​ 3,676 ​ Other noninterest income ​ ​ 3,285 ​ ​ 1,611 ​ ​ 117 ​ ​ (1,941) ​ ​ — ​ ​ 3,072 ​ Net revenue ​ 16,056 ​ 5,643 ​ 7,932 ​ (2,280) ​ — ​ 27,351 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ 1,000 ​ — ​ ​ 1,650 ​ ​ — ​ ​ — ​ 2,650 ​ Noninterest expense ​ 14,402 ​ 3,568 ​ ​ 3,630 ​ ​ (1,515) ​ ​ — ​ 20,085 ​ Income (loss) before taxes ​ 654 ​ 2,075 ​ 2,652 ​ (765) ​ — ​ 4,616 ​ Income tax expense (benefit) ​ (3) ​ 532 ​ ​ 722 ​ ​ (274) ​ — ​ 977 ​ Net income (loss) ​ $ 657 ​ $ 1,543 ​ $ 1,930 ​ $ (491) ​ $ — ​ $ 3,639 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 752 ​ $ 294 ​ $ 502 ​ $ — ​ $ — ​ $ 1,548 ​ Depreciation and amortization ​ $ 850 ​ $ 72 ​ $ 46 ​ $ — ​ $ — ​ $ 968 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated ​ Total assets at March 31, 2021 ​ $ 2,023,480 ​ $ 205,074 ​ $ 320,891 ​ $ 44,924 ​ $ (425,731) ​ $ 2,168,638 ​ Total assets at December 31, 2020 ​ $ 1,951,622 ​ $ 239,417 ​ $ 314,746 ​ $ 43,826 ​ $ (463,301) ​ $ 2,086,310 ​ ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2021
Derivative Financial Instruments
Schedule of key elements of derivative instruments other than forward sales of mortgage loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2021 ​ Notional ​ ​ (Dollars in thousands) ​ Amount ​ Assets ​ Liabilities ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap contracts ​ $ 25,000 ​ $ — ​ $ 891 ​ ​ Not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ Customer-related interest rate swap contracts: ​ ​ ​ ​ ​ ​ ​ ​ Matched interest rate swaps with borrower ​ 84,444 ​ 4,547 ​ 294 ​ ​ Matched interest rate swaps with counterparty ​ ​ 84,444 ​ ​ 294 ​ ​ 4,547 ​ ​ Mortgage banking contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ ​ 192,458 ​ ​ 4,026 ​ ​ — ​ ​ Forward sales of TBA securities ​ 11,250 ​ 75 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Notional ​ ​ ​ (Dollars in thousands) ​ Amount ​ Assets ​ Liabilities ​ ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap contracts ​ $ 25,000 ​ $ — ​ $ 1,882 ​ ​ Not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer-related interest rate swap contracts: ​ ​ ​ ​ ​ ​ ​ ​ Matched interest rate swaps with borrower ​ 84,753 ​ 8,185 ​ — ​ ​ Matched interest rate swaps with counterparty ​ ​ 84,753 ​ ​ — ​ ​ 8,185 ​ ​ Mortgage banking contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ ​ 198,632 ​ ​ 4,582 ​ ​ — ​ ​ Forward sales of TBA securities ​ ​ 8,000 ​ — ​ 47 ​ ​

Other Noninterest Expenses (Tab

Other Noninterest Expenses (Tables)	3 Months Ended
	Mar. 31, 2021
Other Noninterest Expenses
Schedule of other noninterest expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2021 2020 Data processing fees ​ $ 2,903 ​ $ 2,674 ​ Mortgage banking loan processing expenses ​ ​ 894 ​ ​ 484 ​ Professional fees ​ ​ 747 ​ ​ 980 ​ Marketing and advertising expenses ​ ​ 345 ​ ​ 490 ​ Telecommunication expenses ​ ​ 374 ​ ​ 372 ​ Travel and educational expenses ​ 154 ​ 444 ​ All other noninterest expenses ​ 1,910 ​ 1,777 ​ Total other noninterest expenses ​ $ 7,327 ​ $ 7,221 ​

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Nature of Operations and Business Combination (Details) $ in Thousands	Jan. 01, 2020USD ($)	Mar. 31, 2021subsidiary
Peoples Bankshares, Incorporated (Peoples)
Nature of Operations
Aggregate purchase price | $	$ 22,191
C&F Bank
Nature of Operations
Number of wholly owned subsidiaries | subsidiary		5
C&F Mortgage | C&F Select LLC
Nature of Operations
Interest owned (as a percent)		51.00%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Income taxes (Details)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Summary of Significant Accounting Policies
Effective income tax rate (as a percent)	24.20%	21.20%

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Share-Based Compensation (Details) - Restricted Stock - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based compensation
Compensation expense before tax	$ 392,000	$ 389,000
Compensation expense after tax	287,000	$ 217,000
Unrecognized compensation expense	$ 4,090,000

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Restricted Stock Activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Shares
Unvested, beginning of period (in shares)	155,945
Unvested, end of period (in shares)	157,065
Restricted Stock
Shares
Unvested, beginning of period (in shares)	155,945	142,020
Granted (in shares)	18,975	14,650
Vested (in shares)	(16,105)	(16,230)
Cancelled	(1,750)	(620)
Unvested, end of period (in shares)	157,065	139,820
Weighted-Average Grant Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 48.52	$ 48.88
Granted (in dollars per share)	43.70	53.22
Vested (in dollars per share)	43.05	39.97
Cancelled (in dollars per share)	45.50	53.46
Nonvested, end of period (in dollars per share)	$ 48.53	$ 50.39

Business Combination - Consider

Business Combination - Consideration (Details) - Peoples Bankshares, Incorporated (Peoples)	Jan. 01, 2020USD ($)shares
Business Combination
Shares received for each share of common stock | shares	0.5366
Amount received for each share of common stock | $	$ 27
Cash consideration paid | $	$ 10,579,000
Common stock to shareholders of acquiree | shares	209,871

Business Combination - Purchase

Business Combination - Purchase Price Allocation (Details) - USD ($) $ in Thousands	Jan. 01, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Identifiable liabilities assumed:
Goodwill resulting from acquisition		$ 25,191	$ 25,191	$ 25,191	$ 14,425
Peoples Bankshares, Incorporated (Peoples)
Purchase price
Cash paid	$ 10,579
Common stock issued	11,612
Total purchase price	22,191
Identifiable assets acquired:
Cash and cash equivalents	29,680
Securities available for sale	17,169
Loans	124,195
Accrued interest receivable	430
Corporate premises and equipment	3,105
Other real estate owned	281
Core deposit intangible asset	1,711
Bank-owned life insurance	3,591
Investment in small business investment company	1,493
Other receivables	5,234
Other assets	3,658
Total identifiable assets acquired	190,547
Identifiable liabilities assumed:
Demand and savings deposits	94,798
Time deposits	77,018
Borrowings	4,245
Accrued interest payable	260
Salaries, benefits and deferred compensation	2,054
Other liabilities	747
Total identifiable liabilities assumed	179,122
Net identifiable assets acquired	11,425
Goodwill resulting from acquisition	$ 10,766
Amortization period (in years)	15 years

Business Combination - Loans, C

Business Combination - Loans, Core Deposit Intangible and Deposits (Details) - USD ($)	Jan. 01, 2020	Mar. 31, 2021	Dec. 31, 2020
Business Combination
Outstanding principal balance		$ 90,946,000	$ 101,803,000
Loans, allowance for loan losses		39,033,000	39,156,000
Maximum
Information about PCI loans acquired
Maturity of deposits	5 years
PCI Loans
Business Combination
Outstanding principal balance		$ 11,931,000	$ 12,760,000
Peoples Bankshares, Incorporated (Peoples)
Business Combination
Outstanding principal balance	$ 131,920,000
Estimated fair value of loans acquired	124,195,000
Loans, allowance for loan losses	2,870,000
Information about PCI loans acquired
Contractual principal and interest due	20,310,000
Nonaccretable difference	(7,679,000)
Expected cash flows	12,631,000
Accretable yield	(3,372,000)
Purchase credit impaired loans - estimated fair value	9,259,000
Core deposit intangible asset	$ 1,711,000
Percentage of CDI to non-maturity deposits	1.80%
Premium of deposits	$ 557,000
Amortization period	2 years
Peoples Bankshares, Incorporated (Peoples) | Minimum
Information about PCI loans acquired
Maturity of deposits	3 months
Peoples Bankshares, Incorporated (Peoples) | PCI Loans
Business Combination
Outstanding principal balance	$ 4,280,000
Estimated fair value of loans acquired	$ 635,000

Business Combination - Merger r

Business Combination - Merger related costs (Details) - USD ($) $ in Thousands	3 Months Ended		24 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Business Combination
Merger related costs	$ 0	$ 590	$ 2,100
Merger related costs, after income taxes			$ 1,780
Peoples Bankshares, Incorporated (Peoples)
Business Combination
Merger related costs		957
Merger related costs, after income taxes		$ 785

Securities - Available for sale

Securities - Available for sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 318,723	$ 280,824
Gross Unrealized Gains	4,876	5,769
Gross Unrealized Losses	(2,314)	(204)
Fair Value	321,285	286,389
U.S. government agencies and corporations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	54,900	48,171
Gross Unrealized Gains	105	121
Gross Unrealized Losses	(1,324)	(10)
Fair Value	53,681	48,282
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	148,307	120,664
Gross Unrealized Gains	2,769	3,165
Gross Unrealized Losses	(558)	(115)
Fair Value	150,518	123,714
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	101,601	100,405
Gross Unrealized Gains	1,923	2,436
Gross Unrealized Losses	(370)	(36)
Fair Value	103,154	102,805
Corporate and other debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	13,915	11,584
Gross Unrealized Gains	79	47
Gross Unrealized Losses	(62)	(43)
Fair Value	$ 13,932	$ 11,588

Securities - Maturities and Rea

Securities - Maturities and Realized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Amortized Cost
Due in one year or less	$ 63,112
Due after one year through five years	171,500
Due after five years through ten years	75,592
Due after ten years	8,519
Amortized Cost	318,723		$ 280,824
Fair Value
Due in one year or less	62,695
Due after one year through five years	175,068
Due after five years through ten years	75,334
Due after ten years	8,188
Fair Value	321,285		$ 286,389
Realized Gains and Losses
Proceeds related to sales of securities	2,300	$ 5,990
Gross realized gains	32	4
Net realized gains	32	4
Proceeds from sales, maturities, calls and paydowns of securities	$ 33,712	$ 39,063

Securities - Pledged as Collate

Securities - Pledged as Collateral (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Available for sale securities
Amortized Cost	$ 318,723	$ 280,824
Fair Value	321,285	286,389
Securities Pledged as Collateral
Available for sale securities
Amortized Cost	135,460	146,660
Fair Value	$ 138,110	$ 150,130

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Details)	3 Months Ended
	Mar. 31, 2021USD ($)security	Dec. 31, 2020USD ($)
Fair value
Less Than 12 Months, Fair Value	$ 118,273,000	$ 37,791,000
12 Months or More, Fair Value	0
Total Fair Value	118,273,000	37,791,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	2,314,000	204,000
12 Months or More, Unrealized Loss	0
Total Unrealized Loss	$ 2,314,000	204,000
Other information
Number of positions considered temporarily impaired | security	106
Debt securities considered temporarily impaired	$ 118,273,000	37,791,000
Other than temporary impairment	0
U.S. government agencies and corporations
Fair value
Less Than 12 Months, Fair Value	42,067,000	12,719,000
Total Fair Value	42,067,000	12,719,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	1,324,000	10,000
Total Unrealized Loss	1,324,000	10,000
Other information
Debt securities considered temporarily impaired	42,067,000	12,719,000
Mortgage-backed securities
Fair value
Less Than 12 Months, Fair Value	48,067,000	15,691,000
Total Fair Value	48,067,000	15,691,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	558,000	115,000
Total Unrealized Loss	558,000	115,000
Other information
Debt securities considered temporarily impaired	48,067,000	15,691,000
Obligations of states and political subdivisions
Fair value
Less Than 12 Months, Fair Value	21,881,000	5,110,000
Total Fair Value	21,881,000	5,110,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	370,000	36,000
Total Unrealized Loss	370,000	36,000
Other information
Debt securities considered temporarily impaired	21,881,000	5,110,000
Corporate and other debt securities
Fair value
Less Than 12 Months, Fair Value	6,258,000	4,271,000
Total Fair Value	6,258,000	4,271,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	62,000	43,000
Total Unrealized Loss	62,000	43,000
Other information
Debt securities considered temporarily impaired	$ 6,258,000	$ 4,271,000

Securities - Restricted Stocks

Securities - Restricted Stocks and others (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Securities
Investment in restricted stock	$ 1,030,000
Investment in restricted stocks	1,027,000	$ 1,636,000
Restricted stocks, other-than-temporary impairment	$ 0

Loans - Major Classifications o

Loans - Major Classifications of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Loans
Loans	$ 1,385,036	$ 1,352,406
Less allowance for loan losses	(39,033)	(39,156)
Loans, net	1,346,003	1,313,250
Real estate - residential mortgage
Loans
Loans	216,920	218,298
Real estate - construction
Loans
Loans	52,884	62,147
Commercial, financial and agricultural
Loans
Loans	741,980	700,215
Equity lines
Loans
Loans	46,976	48,466
Consumer
Loans
Loans	9,132	11,028
Amount included related to demand deposit overdrafts	125	284
Consumer finance
Loans
Loans	$ 317,144	$ 312,252

Loans - Loans Acquired (Details

Loans - Loans Acquired (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Loans
Outstanding principal balance	$ 90,946	$ 101,803
Carrying amount
Total acquired loans	83,369	93,455
Real estate - residential mortgage
Carrying amount
Total acquired loans	14,921	16,590
Real estate - construction
Carrying amount
Total acquired loans	1,077	1,077
Commercial, financial and agricultural
Carrying amount
Total acquired loans	56,752	63,554
Equity lines
Carrying amount
Total acquired loans	8,911	10,262
Consumer
Carrying amount
Total acquired loans	1,708	1,972
PCI Loans
Loans
Outstanding principal balance	11,931	12,760
Carrying amount
Total acquired loans	5,878	6,359
PCI Loans | Real estate - residential mortgage
Carrying amount
Total acquired loans	914	1,473
PCI Loans | Commercial, financial and agricultural
Carrying amount
Total acquired loans	4,872	4,758
PCI Loans | Equity lines
Carrying amount
Total acquired loans	50	80
PCI Loans | Consumer
Carrying amount
Total acquired loans	42	48
Purchased Performing Loans
Loans
Outstanding principal balance	79,015	89,043
Carrying amount
Total acquired loans	77,491	87,096
Purchased Performing Loans | Real estate - residential mortgage
Carrying amount
Total acquired loans	14,007	15,117
Purchased Performing Loans | Real estate - construction
Carrying amount
Total acquired loans	1,077	1,077
Purchased Performing Loans | Commercial, financial and agricultural
Carrying amount
Total acquired loans	51,880	58,796
Purchased Performing Loans | Equity lines
Carrying amount
Total acquired loans	8,861	10,182
Purchased Performing Loans | Consumer
Carrying amount
Total acquired loans	$ 1,666	$ 1,924

Loans - Change in Accretable Yi

Loans - Change in Accretable Yield (Details) - PCI Loans - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Change in the accretable yield
Accretable yield, balance at beginning of period	$ 4,048	$ 4,721
Acquisition of Peoples		3,366
Accretion	(517)	(959)
Reclassification of nonaccreatable difference due to improvement in expected cash flows	456	733
Other changes, net	(69)	57
Accretable yield, balance at end of period	$ 3,918	$ 7,918

Loans - Loans on Nonaccrual Sta

Loans - Loans on Nonaccrual Status (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Loans on nonaccrual status
Loans on nonaccrual status	$ 3,168	$ 3,404
Real estate - residential mortgage
Loans on nonaccrual status
Loans on nonaccrual status	278	276
Commercial, financial and agricultural | Commercial business lending
Loans on nonaccrual status
Loans on nonaccrual status	2,409	2,428
Equity lines
Loans on nonaccrual status
Loans on nonaccrual status	189	191
Consumer
Loans on nonaccrual status
Loans on nonaccrual status	110	107
Consumer finance
Loans on nonaccrual status
Loans on nonaccrual status	$ 182	$ 402

Loans - Past Due Status (Detail

Loans - Past Due Status (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Loans on nonaccrual status
Total Past Due	$ 7,024	$ 11,126
Current	1,372,134	1,334,921
Total Loans	1,385,036	1,352,406
90+ days past due and accruing	145	145
Additional disclosure for nonaccrual loans
Current, nonaccrual status	2,830	2,860
Nonaccrual loans, 30-59 days past due	5	115
Nonaccrual loans, 90+ days past due	328	433
PCI
Loans on nonaccrual status
PCI	5,878	6,359
30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	5,520	9,427
60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	1,031	1,121
90+ Days Past Due
Loans on nonaccrual status
Total Past Due	473	578
Real estate - residential mortgage
Loans on nonaccrual status
Total Past Due	1,722	1,430
Current	214,284	215,395
Total Loans	216,920	218,298
90+ days past due and accruing	145	145
Real estate - residential mortgage | PCI
Loans on nonaccrual status
PCI	914	1,473
Real estate - residential mortgage | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	982	1,100
Real estate - residential mortgage | 60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	449	154
Real estate - residential mortgage | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due	291	176
Real estate - construction
Loans on nonaccrual status
Total Loans	52,884	62,147
Commercial, financial and agricultural
Loans on nonaccrual status
Total Loans	741,980	700,215
Equity lines
Loans on nonaccrual status
Total Past Due	115	52
Current	46,811	48,334
Total Loans	46,976	48,466
Equity lines | PCI
Loans on nonaccrual status
PCI	50	80
Equity lines | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	51	52
Equity lines | 60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	64
Consumer
Loans on nonaccrual status
Total Past Due	26	2
Current	9,064	10,978
Total Loans	9,132	11,028
Consumer | PCI
Loans on nonaccrual status
PCI	42	48
Consumer | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	26	2
Consumer finance
Loans on nonaccrual status
Total Past Due	4,942	9,618
Current	312,202	302,634
Total Loans	317,144	312,252
Consumer finance | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	4,242	8,249
Consumer finance | 60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	518	967
Consumer finance | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due	182	402
Construction lending | Real estate - construction
Loans on nonaccrual status
Current	39,525	49,659
Total Loans	39,525	49,659
Consumer lot lending | Real estate - construction
Loans on nonaccrual status
Current	13,359	12,488
Total Loans	13,359	12,488
Commercial real estate lending | Commercial, financial and agricultural
Loans on nonaccrual status
Total Past Due	219
Current	449,211	437,145
Total Loans	454,302	441,903
Commercial real estate lending | Commercial, financial and agricultural | PCI
Loans on nonaccrual status
PCI	4,872	4,758
Commercial real estate lending | Commercial, financial and agricultural | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	219
Land acquisition and development lending | Commercial, financial and agricultural
Loans on nonaccrual status
Current	33,615	37,724
Total Loans	33,615	37,724
Builder line lending | Commercial, financial and agricultural
Loans on nonaccrual status
Current	22,388	18,194
Total Loans	22,388	18,194
Commercial business lending | Commercial, financial and agricultural
Loans on nonaccrual status
Total Past Due		24
Current	231,675	202,370
Total Loans	$ 231,675	202,394
Commercial business lending | Commercial, financial and agricultural | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due		$ 24

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructurings (Details)	3 Months Ended
	Mar. 31, 2021USD ($)loan	Mar. 31, 2020USD ($)loan
Loans
Number of Loans | loan	1	1
Recorded Investment	$ 4,000	$ 84,000
TDR payment default period	12 months
Period determining when a past due TDR becomes a subsequent default	90 days
Recorded Investment, TDR payment defaults	$ 0	$ 0

Loans - Impaired Loans (Details

Loans - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Impaired loans
Impaired loans, troubled debt restructurings	$ 3,000	$ 3,580
Impaired loans, Unpaid Principal Balance	5,984	6,420
Impaired loans, Recorded Investment in Loans without Specific Reserve	556	1,042
Impaired loans, Recorded Investment in Loans with Specific Reserve	5,102	5,236,000
Impaired loans, Related Allowance	891	879
Impaired loans, Average Balance	5,787	6,603
Impaired loans, Interest Income Recognized	35	183
Real estate - residential mortgage
Impaired loans
Impaired loans, Unpaid Principal Balance	1,753	2,326
Impaired loans, Recorded Investment in Loans without Specific Reserve	446	931
Impaired loans, Recorded Investment in Loans with Specific Reserve	1,194	1,279,000
Impaired loans, Related Allowance	69	77
Impaired loans, Average Balance	1,758	2,353
Impaired loans, Interest Income Recognized	17	105
Commercial, financial and agricultural | Commercial real estate lending
Impaired loans
Impaired loans, Unpaid Principal Balance	1,395	1,397
Impaired loans, Recorded Investment in Loans with Specific Reserve	1,395	1,397,000
Impaired loans, Related Allowance	95	89
Impaired loans, Average Balance	1,396	1,404
Impaired loans, Interest Income Recognized	18	73
Commercial, financial and agricultural | Commercial business lending
Impaired loans
Impaired loans, Unpaid Principal Balance	2,430	2,430
Impaired loans, Recorded Investment in Loans with Specific Reserve	2,408	2,428,000
Impaired loans, Related Allowance	625	585
Impaired loans, Average Balance	2,410	2,573
Equity lines
Impaired loans
Impaired loans, Unpaid Principal Balance	120	120
Impaired loans, Recorded Investment in Loans without Specific Reserve	110	111
Impaired loans, Average Balance	117	119
Impaired loans, Interest Income Recognized		2
Consumer
Impaired loans
Impaired loans, Unpaid Principal Balance	286	147
Impaired loans, Recorded Investment in Loans with Specific Reserve	105	132,000
Impaired loans, Related Allowance	102	128
Impaired loans, Average Balance	$ 106	154
Impaired loans, Interest Income Recognized		$ 3

Allowance for Loan Losses - Cha

Allowance for Loan Losses - Change in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Allowance balance attributable to loans:
Balance at the beginning of period	$ 39,156	$ 32,873
Provision charged to operations	280	2,650
Loans charged off	(1,696)	(3,541)
Recoveries of loans previously charged off	1,293	1,316
Balance at the end of period	39,033	33,298
Real estate - residential mortgage
Allowance balance attributable to loans:
Balance at the beginning of period	2,914	2,080
Provision charged to operations	(28)	60
Loans charged off		(4)
Recoveries of loans previously charged off	7	4
Balance at the end of period	2,893	2,140
Real estate - construction
Allowance balance attributable to loans:
Balance at the beginning of period	975	681
Provision charged to operations	(153)	90
Balance at the end of period	822	771
Commercial, financial and agricultural
Allowance balance attributable to loans:
Balance at the beginning of period	10,696	7,121
Provision charged to operations	311	831
Loans charged off		(18)
Recoveries of loans previously charged off		1
Balance at the end of period	11,007	7,935
Equity lines
Allowance balance attributable to loans:
Balance at the beginning of period	687	733
Provision charged to operations	(16)	37
Balance at the end of period	671	770
Consumer
Allowance balance attributable to loans:
Balance at the beginning of period	371	465
Provision charged to operations	(84)	(18)
Loans charged off	(45)	(93)
Recoveries of loans previously charged off	35	62
Balance at the end of period	277	416
Consumer finance
Allowance balance attributable to loans:
Balance at the beginning of period	23,513	21,793
Provision charged to operations	250	1,650
Loans charged off	(1,651)	(3,426)
Recoveries of loans previously charged off	1,251	1,249
Balance at the end of period	$ 23,363	$ 21,266

Allowance for Loan Losses - All

Allowance for Loan Losses - Allowance and Loans by Impairment Methodology (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Allowance balance attributable to loans:
Individually evaluated for impairment	$ 891	$ 879
Collectively evaluated for impairment	38,142	38,277
Total allowance	39,033	39,156	$ 33,298	$ 32,873
Loans:
Individually evaluated for impairment	5,658	6,278
Collectively evaluated for impairment	1,373,500	1,339,769
Acquired loans - PCI	5,878	6,359
Total loans	1,385,036	1,352,406
Real estate - residential mortgage
Allowance balance attributable to loans:
Individually evaluated for impairment	69	77
Collectively evaluated for impairment	2,824	2,837
Total allowance	2,893	2,914	2,140	2,080
Loans:
Individually evaluated for impairment	1,640	2,210
Collectively evaluated for impairment	214,366	214,615
Acquired loans - PCI	914	1,473
Total loans	216,920	218,298
Real estate - construction
Allowance balance attributable to loans:
Collectively evaluated for impairment	822	975
Total allowance	822	975	771	681
Loans:
Collectively evaluated for impairment	52,884	62,147
Total loans	52,884	62,147
Commercial, financial and agricultural
Allowance balance attributable to loans:
Individually evaluated for impairment	720	674
Collectively evaluated for impairment	10,287	10,022
Total allowance	11,007	10,696	7,935	7,121
Loans:
Individually evaluated for impairment	3,803	3,825
Collectively evaluated for impairment	733,305	691,632
Acquired loans - PCI	4,872	4,758
Total loans	741,980	700,215
Equity lines
Allowance balance attributable to loans:
Collectively evaluated for impairment	671	687
Total allowance	671	687	770	733
Loans:
Individually evaluated for impairment	110	111
Collectively evaluated for impairment	46,816	48,275
Acquired loans - PCI	50	80
Total loans	46,976	48,466
Consumer
Allowance balance attributable to loans:
Individually evaluated for impairment	102	128
Collectively evaluated for impairment	175	243
Total allowance	277	371	416	465
Loans:
Individually evaluated for impairment	105	132
Collectively evaluated for impairment	8,985	10,848
Acquired loans - PCI	42	48
Total loans	9,132	11,028
Consumer finance
Allowance balance attributable to loans:
Collectively evaluated for impairment	23,363	23,513
Total allowance	23,363	23,513	$ 21,266	$ 21,793
Loans:
Collectively evaluated for impairment	317,144	312,252
Total loans	$ 317,144	$ 312,252

Allowance for Loan Losses - Cre

Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Allowance for loan losses
Loans, excluding consumer finance	$ 1,067,892	$ 1,040,154
Pass
Allowance for loan losses
Loans, excluding consumer finance	1,036,555	1,004,998
Special Mention
Allowance for loan losses
Loans, excluding consumer finance	19,478	20,526
Substandard
Allowance for loan losses
Loans, excluding consumer finance	8,873	11,628
Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	2,986	3,002
Real estate - residential mortgage
Allowance for loan losses
Loans, excluding consumer finance	216,920	218,298
Real estate - residential mortgage | Pass
Allowance for loan losses
Loans, excluding consumer finance	215,312	215,712
Real estate - residential mortgage | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	699	1,715
Real estate - residential mortgage | Substandard
Allowance for loan losses
Loans, excluding consumer finance	631	595
Real estate - residential mortgage | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	278	276
Real estate - construction | Construction lending
Allowance for loan losses
Loans, excluding consumer finance	39,525	49,659
Real estate - construction | Construction lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	39,525	49,659
Real estate - construction | Consumer lot lending
Allowance for loan losses
Loans, excluding consumer finance	13,359	12,488
Real estate - construction | Consumer lot lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	13,359	12,488
Commercial, financial and agricultural | Commercial real estate lending
Allowance for loan losses
Loans, excluding consumer finance	454,302	441,903
Commercial, financial and agricultural | Commercial real estate lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	430,671	415,506
Commercial, financial and agricultural | Commercial real estate lending | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	15,507	15,507
Commercial, financial and agricultural | Commercial real estate lending | Substandard
Allowance for loan losses
Loans, excluding consumer finance	8,124	10,890
Commercial, financial and agricultural | Land acquisition and development lending
Allowance for loan losses
Loans, excluding consumer finance	33,615	37,724
Commercial, financial and agricultural | Land acquisition and development lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	33,615	37,724
Commercial, financial and agricultural | Builder line lending
Allowance for loan losses
Loans, excluding consumer finance	22,388	18,194
Commercial, financial and agricultural | Builder line lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	22,388	18,194
Commercial, financial and agricultural | Commercial business lending
Allowance for loan losses
Loans, excluding consumer finance	231,675	202,394
Commercial, financial and agricultural | Commercial business lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	226,063	196,743
Commercial, financial and agricultural | Commercial business lending | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	3,104	3,124
Commercial, financial and agricultural | Commercial business lending | Substandard
Allowance for loan losses
Loans, excluding consumer finance	99	99
Commercial, financial and agricultural | Commercial business lending | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	2,409	2,428
Equity lines
Allowance for loan losses
Loans, excluding consumer finance	46,976	48,466
Equity lines | Pass
Allowance for loan losses
Loans, excluding consumer finance	46,658	48,140
Equity lines | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	126	132
Equity lines | Substandard
Allowance for loan losses
Loans, excluding consumer finance	3	3
Equity lines | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	189	191
Consumer
Allowance for loan losses
Loans, excluding consumer finance	9,132	11,028
Consumer | Pass
Allowance for loan losses
Loans, excluding consumer finance	8,964	10,832
Consumer | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	42	48
Consumer | Substandard
Allowance for loan losses
Loans, excluding consumer finance	16	41
Consumer | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	$ 110	$ 107

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loans by Credit Quality Indicators - Performing and Non-Performing (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Allowance for loan losses
Loans	$ 1,385,036	$ 1,352,406
Consumer finance
Allowance for loan losses
Loans	317,144	312,252
Consumer finance | Performing
Allowance for loan losses
Loans	316,962	311,850
Consumer finance | Non-Performing
Allowance for loan losses
Loans	$ 182	$ 402

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Goodwill and Other Intangible Assets
Goodwill	$ 25,191	$ 25,191
Changes in the recorded balance of goodwill	0	10,766
Changes in goodwill, by reporting unit
Balance as of the beginning of the period	25,191	14,425
Acquisition of Peoples Bankshares, Incorporated	0	10,766
Balance at the end of the period	$ 25,191	25,191
Community Banking
Goodwill and Other Intangible Assets
Goodwill		14,468
Changes in the recorded balance of goodwill		10,766
Changes in goodwill, by reporting unit
Balance as of the beginning of the period		3,702
Acquisition of Peoples Bankshares, Incorporated		10,766
Balance at the end of the period		14,468
Consumer Finance
Goodwill and Other Intangible Assets
Goodwill		10,723
Changes in goodwill, by reporting unit
Balance as of the beginning of the period		10,723
Balance at the end of the period		$ 10,723

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Other intangible assets
Other intangible assets, net	$ 2,213	$ 2,291
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	3,116	3,116
Accumulated Amortization	(903)	(825)
Core deposit intangible
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,711	1,711
Accumulated Amortization	(209)	(171)
Other amortizable intangibles
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,405	1,405
Accumulated Amortization	$ (694)	$ (654)

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Amortization (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Goodwill and Other Intangible Assets
Amortization of intangible assets	$ 78,000	$ 83,000

Equity, Other Comprehensive I_3

Equity, Other Comprehensive Income and Earnings Per Share - Equity and Noncontrolling Interest (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Nov. 17, 2020
Shareholders' Equity
Number of shares withheld from employees to satisfy tax withholding obligations	5,633	5,069
C&F Select LLC
Shareholders' Equity
Issuance of noncontrolling interest	$ 490,000
The Repurchase Program
Shareholders' Equity
Number of shares authorized to be repurchased			365,000
Aggregate common stock repurchased (in shares)	7,459
Aggregate cost of common stock repurchased	$ 275,000
Shares repurchased (in shares)	0
Previous share repurchase program
Shareholders' Equity
Shares repurchased (in shares)		8,963
Cost of shares repurchased		$ 355,000

Equity, Other Comprehensive I_4

Equity, Other Comprehensive Income and Earnings Per Share - Accumulated Other Comprehensive Loss, Net (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Equity, Other Comprehensive Income and Earnings Per Share
Deferred taxes included in AOCI	$ 997,000	$ 630,000
Net unrealized gains on securities	2,024,000	4,397,000
Net unrecognized losses on cash flow hedges	(633,000)	(1,367,000)
Net unrecognized losses on defined benefit plan	(4,951,000)	(4,985,000)
Total accumulated other comprehensive loss, net	$ (3,560,000)	$ (1,955,000)

Equity, Other Comprehensive I_5

Equity, Other Comprehensive Income and Earnings Per Share - Earnings Per Share (EPS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Components of earnings per share calculations
Net income attributable to C&F Financial Corporation	$ 7,061	$ 3,578
Weighted average shares outstanding-basic and diluted	3,676,067	3,644,614

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Components of net periodic benefit cost
Service cost, included in salaries and employee benefits	$ 487	$ 386
Other components of net periodic benefit cost:
Interest cost	116	135
Expected return on plan assets	(440)	(374)
Amortization of prior service credit	(17)	(17)
Recognized net actuarial losses	60	42
Other components of net periodic benefit cost, included in other noninterest income	(281)	(214)
Net periodic benefit cost	$ 206	$ 172

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Investments in small business investment company funds (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Fair Value of Assets and Liabilities
Fair value of investment in small business investment companies	$ 1,440		$ 1,480
Unrealized gains or losses	$ 45	$ 0

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Securities available for sale
Securities available for sale	$ 321,285	$ 286,389
Interest rate swaps on loans | Cash flow hedges
Liabilities:
Derivatives	891	1,882
Recurring
Securities available for sale
Securities available for sale	321,285	286,389
Loans held for sale	177,350	214,266
Total assets measured at fair value	507,577	513,422
Liabilities:
Derivatives	5,732	10,114
Recurring | Cash flow hedges
Liabilities:
Derivatives	891	1,882
Recurring | IRLC
Securities available for sale
Derivatives	4,026	4,582
Recurring | Interest rate swaps on loans
Securities available for sale
Derivatives	4,841	8,185
Liabilities:
Derivatives	4,841	8,185
Recurring | Forward sales of TBA securities
Securities available for sale
Derivatives	75
Liabilities:
Derivatives		47
Level 2 | Recurring
Securities available for sale
Securities available for sale	321,285	286,389
Loans held for sale	177,350	214,266
Total assets measured at fair value	507,577	513,422
Liabilities:
Derivatives	5,732	10,114
Level 2 | Recurring | Cash flow hedges
Liabilities:
Derivatives	891	1,882
Level 2 | Recurring | IRLC
Securities available for sale
Derivatives	4,026	4,582
Level 2 | Recurring | Interest rate swaps on loans
Securities available for sale
Derivatives	4,841	8,185
Liabilities:
Derivatives	4,841	8,185
Level 2 | Recurring | Forward sales of TBA securities
Securities available for sale
Derivatives	75
Liabilities:
Derivatives		47
U.S. government agencies and corporations
Securities available for sale
Securities available for sale	53,681	48,282
U.S. government agencies and corporations | Recurring
Securities available for sale
Securities available for sale	53,681	48,282
U.S. government agencies and corporations | Level 2 | Recurring
Securities available for sale
Securities available for sale	53,681	48,282
Mortgage-backed securities
Securities available for sale
Securities available for sale	150,518	123,714
Mortgage-backed securities | Recurring
Securities available for sale
Securities available for sale	150,518	123,714
Mortgage-backed securities | Level 2 | Recurring
Securities available for sale
Securities available for sale	150,518	123,714
Obligations of states and political subdivisions
Securities available for sale
Securities available for sale	103,154	102,805
Obligations of states and political subdivisions | Recurring
Securities available for sale
Securities available for sale	103,154	102,805
Obligations of states and political subdivisions | Level 2 | Recurring
Securities available for sale
Securities available for sale	103,154	102,805
Corporate and other debt securities
Securities available for sale
Securities available for sale	13,932	11,588
Corporate and other debt securities | Recurring
Securities available for sale
Securities available for sale	13,932	11,588
Corporate and other debt securities | Level 2 | Recurring
Securities available for sale
Securities available for sale	$ 13,932	$ 11,588

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities - Financial Assets Measured at Fair Value on Non-Recurring Basis (Details)	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Impaired loans, net
Fair value assets and liabilities - Nonrecurring Basis
Total assets measured at fair value	$ 0	$ 0
Nonrecurring
Fair value assets and liabilities - Nonrecurring Basis
Total assets measured at fair value	72,000	72,000
Nonrecurring | Other real estate owned, net
Fair value assets and liabilities - Nonrecurring Basis
Total assets measured at fair value	72,000	72,000
Level 3 | Nonrecurring
Fair value assets and liabilities - Nonrecurring Basis
Total assets measured at fair value	72,000	72,000
Level 3 | Nonrecurring | Other real estate owned, net
Fair value assets and liabilities - Nonrecurring Basis
Total assets measured at fair value	$ 72,000	$ 72,000
Other real estate owned, net, valuation technique	cffi:ValuationTechniqueAppraisalsMember	cffi:ValuationTechniqueAppraisalsMember
Other real estate owned, net, measurement input	us-gaap:MeasurementInputDiscountRateMember	us-gaap:MeasurementInputDiscountRateMember
Level 3 | Nonrecurring | Other real estate owned, net | Minimum
Fair value assets and liabilities - Nonrecurring Basis
Other real estate owned, input	0.75	0.75
Level 3 | Nonrecurring | Other real estate owned, net | Maximum
Fair value assets and liabilities - Nonrecurring Basis
Other real estate owned, input	0.80	0.80
Level 3 | Nonrecurring | Other real estate owned, net | Weighted Average
Fair value assets and liabilities - Nonrecurring Basis
Other real estate owned, input	0.79	0.79

Fair Value of Assets and Liab_6

Fair Value of Assets and Liabilities - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Assets:
Securities available for sale	$ 321,285	$ 286,389
Bank-owned life insurance	20,332	20,205
Carrying Value
Assets:
Cash and short-term investments	147,438	86,669
Securities available for sale	321,285	286,389
Loans, net	1,346,003	1,313,250
Loans held for sale	177,350	214,266
Bank-owned life insurance	20,332	20,205
Accrued interest receivable	7,723	8,103
Financial liabilities:
Demand and savings deposits	1,373,882	1,282,590
Time deposits	458,100	469,583
Borrowings	73,328	69,864
Accrued interest payable	734	1,109
Total Fair Value
Assets:
Cash and short-term investments	147,438	86,669
Securities available for sale	321,285	286,389
Loans, net	1,331,249	1,308,569
Loans held for sale	177,350	214,266
Bank-owned life insurance	20,332	20,205
Accrued interest receivable	7,723	8,103
Financial liabilities:
Demand and savings deposits	1,373,882	1,282,590
Time deposits	461,981	474,154
Borrowings	72,267	71,119
Accrued interest payable	734	1,109
Total Fair Value | Level 1
Assets:
Cash and short-term investments	147,438	86,669
Accrued interest receivable	7,723	8,103
Financial liabilities:
Demand and savings deposits	1,373,882	1,282,590
Accrued interest payable	734	1,109
Total Fair Value | Level 2
Assets:
Securities available for sale	321,285	286,389
Loans held for sale	177,350	214,266
Bank-owned life insurance	20,332	20,205
Financial liabilities:
Time deposits	461,981	474,154
Borrowings	72,267	71,119
Total Fair Value | Level 3
Assets:
Loans, net	1,331,249	1,308,569
IRLC | Carrying Value
Assets:
Derivatives	4,026	4,582
IRLC | Total Fair Value
Assets:
Derivatives	4,026	4,582
IRLC | Total Fair Value | Level 2
Assets:
Derivatives	4,026	4,582
Interest rate swaps on loans | Carrying Value
Assets:
Derivatives	4,841	8,185
Financial liabilities:
Derivatives	4,841	8,185
Interest rate swaps on loans | Total Fair Value
Assets:
Derivatives	4,841	8,185
Financial liabilities:
Derivatives	4,841	8,185
Interest rate swaps on loans | Total Fair Value | Level 2
Assets:
Derivatives	4,841	8,185
Financial liabilities:
Derivatives	4,841	8,185
Forward sales of TBA securities | Carrying Value
Assets:
Derivatives	75
Financial liabilities:
Derivatives		47
Forward sales of TBA securities | Total Fair Value
Assets:
Derivatives	75
Financial liabilities:
Derivatives		47
Forward sales of TBA securities | Total Fair Value | Level 2
Assets:
Derivatives	75
Financial liabilities:
Derivatives		47
Cash flow hedges | Carrying Value
Financial liabilities:
Derivatives	891	1,882
Cash flow hedges | Total Fair Value
Financial liabilities:
Derivatives	891	1,882
Cash flow hedges | Total Fair Value | Level 2
Financial liabilities:
Derivatives	891	1,882
Cash flow hedges | Interest rate swaps on loans
Financial liabilities:
Derivatives	$ 891	$ 1,882

Business Segments - Segment Rep

Business Segments - Segment Reporting (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)segment	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Business Segments
Number of principal business segments | segment	3
Interest income	$ 23,076	$ 24,778
Interest expense	2,400	4,175
Net interest income	20,676	20,603
Gains on sales of loans	7,058	3,676
Other noninterest income	7,298	3,072
Net revenue	35,032	27,351
Provision for loan losses	280	2,650
Noninterest expense	25,300	20,085
Income before income taxes	9,452	4,616
Income tax expense (benefit)	2,287	977
Net income	7,165	3,639
Capital expenditures	2,123	1,548
Depreciation and amortization	1,189	968
Total assets	2,168,638		$ 2,086,310
Expenses:
Salaries and employee benefits	15,613	10,817
Depreciation and amortization	1,189	968
Operating Segments | Community Banking
Business Segments
Interest income	15,176	15,915
Interest expense	1,724	3,144
Net interest income	13,452	12,771
Other noninterest income	3,968	3,285
Net revenue	17,420	16,056
Provision for loan losses		1,000
Noninterest expense	14,052	14,402
Income before income taxes	3,368	654
Income tax expense (benefit)	575	(3)
Net income	2,793	657
Capital expenditures	139	752
Depreciation and amortization	1,066	850
Total assets	2,023,480		1,951,622
Expenses:
Depreciation and amortization	1,066	850
Operating Segments | Mortgage Banking
Business Segments
Interest income	1,127	661
Interest expense	373	305
Net interest income	754	356
Gains on sales of loans	7,105	3,676
Other noninterest income	2,724	1,611
Net revenue	10,583	5,643
Provision for loan losses	30
Noninterest expense	6,987	3,568
Income before income taxes	3,566	2,075
Income tax expense (benefit)	1,021	532
Net income	2,545	1,543
Capital expenditures	60	294
Depreciation and amortization	68	72
Total assets	205,074		239,417
Expenses:
Depreciation and amortization	68	72
Operating Segments | Consumer Finance
Business Segments
Interest income	9,249	10,101
Interest expense	2,200	2,286
Net interest income	7,049	7,815
Other noninterest income	112	117
Net revenue	7,161	7,932
Provision for loan losses	250	1,650
Noninterest expense	3,448	3,630
Income before income taxes	3,463	2,652
Income tax expense (benefit)	936	722
Net income	2,527	1,930
Capital expenditures	1,924	502
Depreciation and amortization	55	46
Total assets	320,891		314,746
Expenses:
Depreciation and amortization	55	46
Operating Segments | Other
Business Segments
Interest expense	582	339
Net interest income	(582)	(339)
Other noninterest income	511	(1,941)
Net revenue	(71)	(2,280)
Noninterest expense	813	(1,515)
Income before income taxes	(884)	(765)
Income tax expense (benefit)	(232)	(274)
Net income	(652)	(491)
Total assets	44,924		43,826
Eliminations
Business Segments
Interest income	(2,476)	(1,899)
Interest expense	(2,479)	$ (1,899)
Net interest income	3
Gains on sales of loans	(47)
Other noninterest income	(17)
Net revenue	(61)
Income before income taxes	(61)
Income tax expense (benefit)	(13)
Net income	(48)
Total assets	$ (425,731)		$ (463,301)

Business Segments - Merger Rela

Business Segments - Merger Related Expenses and Segment Debt (Details) $ in Thousands	3 Months Ended		24 Months Ended
	Mar. 31, 2021USD ($)item	Mar. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Business Segments
Merger related costs	$ 0	$ 590	$ 2,100
Merger related costs, after income taxes			$ 1,780
Mortgage Banking
Business Segments
Number of intersegment lines of credit | item	2
Mortgage Banking | FHLB Advances | Minimum
Business Segments
Variable rate, spread (as a percent)	0.50%
Mortgage Banking | FHLB Advances | Maximum
Business Segments
Variable rate, spread (as a percent)	1.75%
Consumer Finance
Business Segments
Floor variable rate (as a percent)	3.50%
Consumer Finance | Minimum
Business Segments
Fixed rate (as a percent)	2.20%
Consumer Finance | Maximum
Business Segments
Fixed rate (as a percent)	8.00%
Consumer Finance | London Interbank Offered Rate (LIBOR) | Minimum
Business Segments
Variable rate, spread (as a percent)	2.00%
Peoples Bankshares, Incorporated (Peoples)
Business Segments
Merger related costs		957
Merger related costs, after income taxes		785
Peoples Bankshares, Incorporated (Peoples) | Community Banking
Business Segments
Merger related costs		857
Merger related costs, after income taxes		685
Peoples Bankshares, Incorporated (Peoples) | Community Banking | Noninterest expense
Business Segments
Merger related costs		559
Peoples Bankshares, Incorporated (Peoples) | Community Banking | Other noninterest income
Business Segments
Merger related costs		$ 298

Commitments and Contingent Li_2

Commitments and Contingent Liabilities - Loan Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Standby Letters of Credit
Commitments and Contingent Liabilities
Face amount of asset	$ 15,550	$ 19,070
Loan commitments
Commitments and Contingent Liabilities
Face amount of asset	$ 318,950	$ 326,980

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Other (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Commitments and Contingent Liabilities
Provision for indemnification losses	$ 17,000	$ 7,000
Mortgage Banking
Commitments and Contingent Liabilities
Recourse period for early payment default, minimum	90 days
Recourse period for early payment default, maximum	1 year
Indemnification reserve for recourse provisions
Commitments and Contingent Liabilities
Allowance for indemnifications	$ 3,370,000		$ 3,360,000

Derivatives Financial Instrumen

Derivatives Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Derivatives and other information
Changes in fair value of loan swaps	$ 0
Unpaid principal on mortgage loans held for sale	5,984	$ 6,420
Other assets
Derivatives and other information
Cash collateral	5,620	9,920
Forward sales of TBA securities | Not designated as hedges
Derivatives and other information
Notional amount	11,250	8,000
Derivative Asset	75
Derivative Liability		47
Interest rate swaps on loans | Cash flow hedges
Derivatives and other information
Notional amount	25,000	25,000
Derivative Liability	891	1,882
Matched interest rate swap with borrower | Not designated as hedges
Derivatives and other information
Notional amount	84,444	84,753
Derivative Asset	4,547	8,185
Derivative Liability	294
Matched interest rate swap with counterparty | Not designated as hedges
Derivatives and other information
Notional amount	84,444	84,753
Derivative Asset	294
Derivative Liability	4,547	8,185
IRLC | Not designated as hedges
Derivatives and other information
Notional amount	192,458	198,632
Derivative Asset	4,026	4,582
Mortgage Banking
Derivatives and other information
IRLCs	11,390	7,670
Unpaid principal on mortgage loans held for sale	8,970	5,630
Mortgage Banking | Best-efforts forward sales contracts
Derivatives and other information
IRLCs	181,070	190,960
Unpaid principal on mortgage loans held for sale	161,850	200,880
Mortgage loans		391,840
Mortgage Banking | Forward sales of TBA securities
Derivatives and other information
Mortgage loans	11,250	8,000
Mortgage Banking | Mandatory-delivery forward sales contracts
Derivatives and other information
Mortgage loans	7,620	$ 3,940
C&F Mortgage | Best-efforts forward sales contracts
Derivatives and other information
Mortgage loans	$ 342,920

Other Noninterest Expenses (Det

Other Noninterest Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		24 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Other Noninterest Expenses
Data processing fees	$ 2,903	$ 2,674
Mortgage banking loan processing expenses	894	484
Professional fees	747	980
Marketing and advertising expenses	345	490
Telecommunication expenses	374	372
Travel and educational expenses	154	444
All other noninterest expenses	1,910	1,777
Total Other Noninterest Expenses	7,327	7,221
Merger related expenses	$ 0	590	$ 2,100
Merger related data processing fees		238
Merger related professional fees		314
Merger related other noninterest expenses		$ 38