C&F Financial (CFFI) 10-Q 6 May 22 2022 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2022	May 05, 2022
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	000-23423
Entity Registrant Name	C & F FINANCIAL CORPORATION
Entity Incorporation, State or Country Code	VA
Entity Address, Address Line One	3600 La Grange Parkway
Entity Tax Identification Number	54-1680165
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		3,535,915
Entity Central Index Key	0000913341
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 14,760	$ 19,692
Interest-bearing deposits in other banks	254,178	248,053
Total cash and cash equivalents	268,938	267,745
Securities-available for sale at fair value, amortized cost of $433,574 and $372,520, respectively	415,532	373,073
Loans held for sale, at fair value	46,659	82,295
Loans, net of allowance for loan losses of $39,768 and $40,157, respectively	1,401,841	1,369,903
Restricted stock, at cost	1,120	1,027
Corporate premises and equipment, net	44,975	44,799
Other real estate owned		835
Accrued interest receivable	6,953	6,810
Goodwill	25,191	25,191
Other intangible assets, net	1,902	1,977
Bank-owned life insurance	20,705	20,597
Net deferred tax asset	17,194	13,608
Other assets	50,833	56,661
Total assets	2,301,843	2,264,521
Deposits
Noninterest-bearing demand deposits	596,769	581,694
Savings and interest-bearing demand deposits	972,123	907,199
Time deposits	400,769	425,721
Total deposits	1,969,661	1,914,614
Short-term borrowings	32,434	34,735
Long-term borrowings	30,309	30,375
Trust preferred capital notes	25,360	25,351
Accrued interest payable	434	715
Other liabilities	42,367	47,707
Total liabilities	2,100,565	2,053,497
Commitments and contingent liabilities (Note 10)
Equity
Common stock ($1.00 par value, 8,000,000 shares authorized, 3,546,024 and 3,545,554 shares issued and outstanding, respectively, includes 140,037 and 140,577 of unvested shares, respectively)	3,406	3,405
Additional paid-in capital	15,022	15,189
Retained earnings	198,020	193,811
Accumulated other comprehensive loss, net	(15,864)	(2,087)
Equity attributable to C&F Financial Corporation	200,584	210,318
Noncontrolling interest	694	706
Total equity	201,278	211,024
Total liabilities and equity	$ 2,301,843	$ 2,264,521

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Consolidated Balance Sheets
Available-for-sale securities, amortized cost	$ 433,574	$ 372,520
Loans, allowance for loan losses	$ 39,768	$ 40,157
Common stock par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	8,000,000	8,000,000
Common stock, shares issued	3,546,024	3,545,554
Common stock, shares outstanding	3,546,024	3,545,554
Common stock, unvested shares	140,037	140,577

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Interest income
Interest and fees on loans	$ 20,484	$ 21,813
Interest on interest-bearing deposits and federal funds sold	106	46
Interest and dividends on securities
U.S. government agencies and corporations	293	125
Mortgage-backed securities	668	409
Tax-exempt obligations of states and political subdivisions	350	469
Taxable obligations of states and political subdivisions	113	90
Other	217	124
Total interest income	22,231	23,076
Interest expense
Savings and interest-bearing deposits	387	359
Time deposits	718	1,308
Borrowings	366	449
Trust preferred capital notes	284	284
Total interest expense	1,755	2,400
Net interest income	20,476	20,676
Provision for loan losses	(328)	280
Net interest income after provision for loan losses	20,804	20,396
Noninterest income
Gains on sales of loans	2,695	7,058
Interchange income	1,430	1,318
Service charges on deposit accounts	1,046	819
Mortgage banking fee income	853	1,856
Wealth management services income, net	647	702
Mortgage lender services income	424	778
Other service charges and fees	374	389
Net gains on sales, maturities and calls of available for sale securities		32
Other (loss) income, net	(740)	1,123
Total noninterest income	6,729	14,075
Noninterest expenses
Salaries and employee benefits	11,856	15,613
Occupancy	2,209	2,360
Other	6,146	7,046
Total noninterest expenses	20,211	25,019
Income before income taxes	7,322	9,452
Income tax expense	1,587	2,287
Net income	5,735	7,165
Less net income attributable to noncontrolling interest	106	104
Net income attributable to C&F Financial Corporation	$ 5,629	$ 7,061
Net income per share - basic (in dollars per share)	$ 1.59	$ 1.92
Net income per share - diluted (in Dollars per share)	$ 1.59	$ 1.92

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 5,735	$ 7,165
Other comprehensive loss, net of tax:
Securities available for sale	(14,690)	(2,373)
Defined benefit plan	(7)	34
Cash flow hedges	920	734
Other comprehensive loss, net of tax	(13,777)	(1,605)
Comprehensive (loss) income	(8,042)	5,560
Less comprehensive income attributable to noncontrolling interest	106	104
Comprehensive (loss) income attributable to C&F Financial Corporation	$ (8,148)	$ 5,456

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, 2020	$ 3,514	$ 21,427	$ 170,819	$ (1,955)	$ 666	$ 194,471
Comprehensive income:
Net income			7,061		104	7,165
Other comprehensive 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
Balance, beginning of the period at Dec. 31, 2021	3,405	15,189	193,811	(2,087)	706	211,024
Comprehensive income:
Net income			5,629		106	5,735
Other comprehensive loss				(13,777)		(13,777)
Share-based compensation		511				511
Restricted stock vested	14	(14)
Common stock issued	1	45				46
Common stock purchased	(14)	(709)				(723)
Cash dividends declared			(1,420)			(1,420)
Distributions to noncontrolling interest					(118)	(118)
Balance, end of period at Mar. 31, 2022	$ 3,406	$ 15,022	$ 198,020	$ (15,864)	$ 694	$ 201,278

Consolidated Statements of Eq_2

Consolidated Statements of Equity (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
CONSOLIDATED STATEMENTS OF EQUITY
Cash dividends declared - common stock (in dollars per share)	$ 0.40	$ 0.38

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating activities:
Net income	$ 5,735	$ 7,165
Adjustments to reconcile net income to net cash provided by operating activities:
(Reversal of) provision for loan losses	(328)	280
Accretion of certain acquisition-related discounts, net	(362)	(743)
Share-based compensation	511	392
Depreciation and amortization	1,135	1,189
Accretion of discounts and amortization of premiums on securities, net	811	833
(Reversal of) provision for indemnifications	(583)	17
Income from bank-owned life insurance	(77)	(112)
Pension expense	177	206
Proceeds from sales of loans held for sale	227,612	462,469
Origination of loans held for sale	(189,976)	(424,082)
Gains on sales of loans held for sale	(2,695)	(7,058)
Other gains, net	(102)	(59)
Change in other assets and liabilities:
Accrued interest receivable	(143)	380
Other assets	1,052	198
Accrued interest payable	(281)	(375)
Other liabilities	(1,289)	434
Net cash provided by operating activities	41,197	41,134
Investing activities:
Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities	14,629	33,712
Purchases of securities available for sale	(76,494)	(72,413)
(Purchases) maturities of time deposits, net	(247)	1,976
Repayments on loans held for investment by non-bank affiliates	44,274	35,907
Purchases of loans held for investment by non-bank affiliates	(72,818)	(41,064)
Net increase in community banking loans held for investment	(2,320)	(22,770)
Purchases of corporate premises and equipment	(1,203)	(2,123)
Changes in collateral posted with other financial institutions, net	3,880	4,300
Other investing activities, net	(186)	683
Net cash used in investing activities	(90,485)	(61,792)
Financing activities:
Net increase in demand and savings deposits	79,999	91,293
Net decrease in time deposits	(24,952)	(11,414)
Net (decrease) increase in short-term borrowings	(2,301)	3,471
Repurchases of common stock	(723)	(229)
Cash dividends paid	(1,420)	(1,399)
Other financing activities, net	(122)	(295)
Net cash provided by financing activities	50,481	81,427
Net increase in cash and cash equivalents	1,193	60,769
Cash and cash equivalents at beginning of period	267,745	86,669
Cash and cash equivalents at end of period	268,938	147,438
Supplemental cash flow disclosures:
Interest paid	2,047	2,856
Supplemental disclosure of noncash investing and financing activities:
Liabilities assumed to acquire right of use assets under operating leases	$ 838	$ 118

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2022
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	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 9. ​ Basis of Presentation: ​ Reclassification: ​ Derivative Financial Instruments: ​ Share-Based Compensation: ​ A summary of activity for restricted stock awards during the first three months of 2022 and 2021 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ Weighted- ​ ​ ​ ​ Average ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value Unvested, December 31, 2021 140,577 ​ $ 48.57 ​ Granted ​ 15,930 ​ 50.57 ​ Vested (14,270) ​ 51.24 ​ Forfeited (2,200) ​ 48.11 ​ Unvested, March 31, 2022 140,037 ​ ​ 48.57 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ 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 “Financial Instruments – Credit Losses (Topic 326) - Troubled Debt Restructurings and Vintage Disclosures” on expected losses to estimate credit losses on certain types of financial instruments. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. The new standard will be effective for the Corporation beginning on January 1, 2023. Early adoption of the new standard is permitted. ​ 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. ​ In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This guidance provides temporary, optional expedients and exceptions to ease the potential burden in accounting for modifications of loan contracts, borrowings, hedging relationships and other transactions related to reference rate reform associated with the LIBOR transition if certain criteria are met. The amendments are effective as of March 12, 2020 through December 31, 2022, can be adopted at an instrument level. The Corporation expects to apply Topic 848 in the case of modifications to certain loans, borrowings and cash flow hedges during 2022, and that these modifications will not have a material impact on the consolidated financial statements. ​ 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. ​

Securities

Securities	3 Months Ended
	Mar. 31, 2022
Securities
Securities	NOTE 2: Securities ​ The Corporation’s debt securities, all of which are classified as available for sale, are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 26,730 ​ $ — ​ $ (519) ​ $ 26,211 ​ U.S. government agencies and corporations ​ ​ 78,291 ​ ​ — ​ ​ (5,812) ​ ​ 72,479 ​ Mortgage-backed securities ​ 207,179 ​ 111 ​ (8,839) ​ 198,451 ​ Obligations of states and political subdivisions ​ 94,312 ​ 350 ​ (2,942) ​ 91,720 ​ Corporate and other debt securities ​ ​ 27,062 ​ ​ 133 ​ ​ (524) ​ ​ 26,671 ​ ​ ​ $ 433,574 ​ $ 594 ​ $ (18,636) ​ $ 415,532 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. government agencies and corporations ​ $ 69,583 ​ $ 41 ​ $ (1,339) ​ $ 68,285 ​ Mortgage-backed securities ​ 189,985 ​ 1,565 ​ (1,201) ​ 190,349 ​ Obligations of states and political subdivisions ​ 91,304 ​ 1,642 ​ (280) ​ 92,666 ​ Corporate and other debt securities ​ 21,648 ​ 246 ​ (121) ​ 21,773 ​ ​ ​ $ 372,520 ​ $ 3,494 ​ $ (2,941) ​ $ 373,073 ​ ​ The amortized cost and estimated fair value of securities at March 31, 2022, 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, 2022 ​ Amortized ​ (Dollars in thousands) ​ Cost ​ Fair Value Due in one year or less ​ $ 56,457 ​ $ 53,744 ​ Due after one year through five years ​ 278,190 ​ 268,883 ​ Due after five years through ten years ​ 94,042 ​ 88,462 ​ Due after ten years ​ 4,885 ​ 4,443 ​ ​ ​ $ 433,574 ​ $ 415,532 ​ ​ 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, 2022 there were no sales of securities. During the three months ended March 31, 2021, $2.30 million of proceeds were related to sales of securities. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2022 2021 Realized gains from sales, maturities and calls of securities: ​ ​ ​ ​ ​ ​ Gross realized gains ​ $ — ​ $ 32 Gross realized losses ​ — ​ — Net realized gains ​ $ — ​ $ 32 Proceeds from sales, maturities, calls and paydowns of securities ​ $ 14,629 ​ $ 33,712 ​ The Corporation pledges securities primarily to secure public deposits and repurchase agreements. Securities with an aggregate amortized cost of $185.48 million and an aggregate fair value of $177.40 million were pledged at March 31, 2022. Securities with an aggregate amortized cost of $185.25 million and an aggregate fair value of $186.22 million were pledged at December 31, 2021. ​ Securities in an unrealized loss position at March 31, 2022, 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. Treasury securities ​ $ 24,200 ​ $ 519 ​ $ — ​ $ — ​ $ 24,200 ​ $ 519 ​ U.S. government agencies and corporations ​ ​ 41,083 ​ ​ 2,599 ​ ​ 29,078 ​ ​ 3,213 ​ ​ 70,161 ​ ​ 5,812 ​ Mortgage-backed securities ​ 151,040 ​ ​ 7,102 ​ 26,199 ​ 1,737 ​ 177,239 ​ 8,839 ​ Obligations of states and political subdivisions ​ 54,328 ​ 2,408 ​ 6,875 ​ 534 ​ 61,203 ​ 2,942 ​ Corporate and other debt securities ​ ​ 16,520 ​ ​ 488 ​ ​ 963 ​ ​ 36 ​ ​ 17,483 ​ ​ 524 ​ Total temporarily impaired securities ​ $ 287,171 ​ $ 13,116 ​ $ 63,115 ​ $ 5,520 ​ $ 350,286 ​ $ 18,636 ​ ​ There were 390 debt securities totaling $350.29 million of aggregate fair value considered temporarily impaired at March 31, 2022. The primary cause of the temporary impairments in the Corporation’s investments in debt securities was increases in market interest rates. The Corporation concluded that no other-than-temporary impairment existed in its securities portfolio at March 31, 2022, 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, 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, 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 ​ $ 46,561 ​ $ 945 ​ $ 10,604 ​ $ 394 ​ $ 57,165 ​ $ 1,339 ​ Mortgage-backed securities ​ ​ 126,873 ​ 1,127 ​ 5,178 ​ 74 ​ 132,051 ​ 1,201 ​ Obligations of states and political subdivisions ​ ​ 16,578 ​ ​ 224 ​ ​ 2,703 ​ ​ 56 ​ ​ 19,281 ​ ​ 280 ​ Corporate and other debt securities ​ 8,925 ​ 121 ​ — ​ — ​ 8,925 ​ 121 ​ Total temporarily impaired securities ​ $ 198,937 ​ $ 2,417 ​ $ 18,485 ​ $ 524 ​ $ 217,422 ​ $ 2,941 ​ ​ The Corporation’s investment in restricted stock totaled $1.12 million at March 31, 2022 and consisted of 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, 2022 and no impairment has been recognized.

Loans

Loans	3 Months Ended
	Mar. 31, 2022
Loans
Loans	NOTE 3: Loans ​ Major classifications of loans are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (Dollars in thousands) 2022 2021 Real estate – residential mortgage ​ $ 216,026 ​ $ 217,016 ​ Real estate – construction 1 ​ 61,302 ​ 57,495 ​ Commercial, financial and agricultural 2 ​ 719,096 ​ 717,730 ​ Equity lines ​ 40,705 ​ 41,345 ​ Consumer ​ 7,758 ​ 8,280 ​ Consumer finance 3 ​ 396,722 ​ 368,194 ​ ​ ​ 1,441,609 ​ 1,410,060 ​ Less allowance for loan losses ​ (39,768) ​ (40,157) ​ Loans, net ​ $ 1,401,841 ​ $ 1,369,903 ​ 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 Paycheck Protection Program). 3 Includes the Corporation’s non-prime automobile lending and prime marine and recreational vehicle lending. ​ Consumer loans included $235,000 and $207,000 of demand deposit overdrafts at March 31, 2022 and December 31, 2021, 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, 2022 and December 31, 2021 of loans acquired in business combinations were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ December 31, 2021 ​ ​ 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 ​ $ 7,098 ​ $ 52,913 ​ $ 60,011 ​ $ 8,350 ​ $ 57,862 ​ $ 66,212 ​ Carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate – residential mortgage ​ $ 510 ​ $ 10,281 ​ $ 10,791 ​ $ 817 ​ $ 9,997 ​ $ 10,814 ​ Real estate – construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,356 ​ ​ 1,356 ​ Commercial, financial and agricultural 1 ​ 2,106 ​ 34,235 ​ 36,341 ​ 2,753 ​ 37,313 ​ 40,066 ​ Equity lines ​ 29 ​ 6,310 ​ 6,339 ​ 38 ​ 6,919 ​ 6,957 ​ Consumer ​ 41 ​ 1,112 ​ 1,153 ​ 47 ​ 1,213 ​ 1,260 ​ Total acquired loans ​ $ 2,686 ​ $ 51,938 ​ $ 54,624 ​ $ 3,655 ​ $ 56,798 ​ $ 60,453 ​ 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) 2022 2021 Accretable yield, balance at beginning of period ​ $ 3,111 ​ $ 4,048 ​ Accretion ​ (363) ​ (517) ​ Reclassification of nonaccretable difference due to improvement in expected cash flows ​ 378 ​ 456 ​ Other changes, net ​ (69) ​ (69) ​ Accretable yield, balance at end of period ​ $ 3,057 ​ $ 3,918 ​ ​ Loans on nonaccrual status were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (Dollars in thousands) 2022 2021 Real estate – residential mortgage ​ $ 342 ​ $ 315 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ Commercial business lending ​ — ​ 2,122 ​ Equity lines ​ 103 ​ 104 ​ Consumer ​ 2 ​ 3 ​ Consumer finance: ​ ​ ​ ​ ​ ​ ​ Automobiles ​ ​ 318 ​ ​ 380 ​ Total loans on nonaccrual status ​ $ 765 ​ $ 2,924 ​ ​ ​ The past due status of loans as of March 31, 2022 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 ​ $ 617 ​ $ — ​ $ 329 ​ $ 946 ​ $ 510 ​ $ 214,570 ​ $ 216,026 ​ $ — ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ — ​ — ​ — ​ — ​ ​ — ​ 46,206 ​ 46,206 ​ — ​ Consumer lot lending ​ 235 ​ 14 ​ — ​ 249 ​ ​ — ​ 14,847 ​ 15,096 ​ — ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 231 ​ — ​ — ​ 231 ​ ​ 2,106 ​ 523,085 ​ 525,422 ​ — ​ Land acquisition and development lending ​ — ​ — ​ — ​ — ​ ​ — ​ 37,062 ​ 37,062 ​ — ​ Builder line lending ​ — ​ — ​ — ​ — ​ ​ — ​ 30,915 ​ 30,915 ​ — ​ Commercial business lending ​ 33 ​ — ​ — ​ 33 ​ ​ — ​ 125,664 ​ 125,697 ​ — ​ Equity lines ​ 13 ​ — ​ — ​ 13 ​ ​ 29 ​ 40,663 ​ 40,705 ​ — ​ Consumer ​ 1 ​ — ​ — ​ 1 ​ ​ 41 ​ 7,716 ​ 7,758 ​ — ​ Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ ​ 5,588 ​ ​ 777 ​ ​ 318 ​ ​ 6,683 ​ ​ — ​ ​ 342,007 ​ ​ 348,690 ​ ​ — ​ Marine and recreational vehicles ​ 81 ​ — ​ — ​ 81 ​ ​ — ​ 47,951 ​ 48,032 ​ — ​ Total ​ $ 6,799 ​ $ 791 ​ $ 647 ​ $ 8,237 ​ $ 2,686 ​ $ 1,430,686 ​ $ 1,441,609 ​ $ — ​ 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 $118,000 and 90+ days past due of $647,000. ​ The past due status of loans as of December 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 ​ $ 963 ​ $ 325 ​ $ 429 ​ $ 1,717 ​ $ 817 ​ $ 214,482 ​ $ 217,016 ​ $ 129 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ — ​ — ​ — ​ — ​ ​ — ​ 39,252 ​ 39,252 ​ — ​ Consumer lot lending ​ — ​ — ​ — ​ — ​ ​ — ​ 18,243 ​ 18,243 ​ — ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ — ​ 39 ​ — ​ 39 ​ ​ 2,753 ​ 525,121 ​ 527,913 ​ — ​ Land acquisition and development lending ​ — ​ — ​ — ​ — ​ ​ — ​ 27,609 ​ 27,609 ​ — ​ Builder line lending ​ — ​ — ​ — ​ — ​ ​ — ​ 30,499 ​ 30,499 ​ — ​ Commercial business lending ​ 8 ​ — ​ — ​ 8 ​ ​ — ​ 131,701 ​ 131,709 ​ — ​ Equity lines ​ 55 ​ 31 ​ 49 ​ 135 ​ ​ 38 ​ 41,172 ​ 41,345 ​ 49 ​ Consumer ​ 12 ​ — ​ — ​ 12 ​ ​ 47 ​ 8,221 ​ 8,280 ​ — ​ Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ ​ 6,519 ​ ​ 1,008 ​ ​ 380 ​ ​ 7,907 ​ ​ — ​ ​ 314,160 ​ ​ 322,067 ​ ​ — ​ Marine and recreational vehicles ​ 32 ​ ​ — ​ ​ — ​ ​ 32 ​ ​ — ​ ​ 46,095 ​ ​ 46,127 ​ ​ — ​ Total ​ $ 7,589 ​ $ 1,403 ​ $ 858 ​ $ 9,850 ​ $ 3,655 ​ $ 1,396,555 ​ $ 1,410,060 ​ $ 178 ​ 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 $2.24 million and 90+ days past due of $680,000. ​ There were no loan modifications during the three months ended March 31, 2022 that were classified as troubled debt restructurings (TDRs). There was one loan modification during the three months ended March 31, 2021 that was classified as a TDR. This TDR was a residential mortgage with a recorded investment of $4,000 at the time of modification and included a modification 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, 2022 and 2021. ​ Impaired loans, which included TDRs of $2.18 million, and the related allowance at March 31, 2022 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 ​ $ 1,270 ​ $ 439 ​ $ 729 ​ $ 52 ​ $ 1,118 ​ $ 14 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 1,387 ​ — ​ 1,388 ​ 90 ​ 1,388 ​ 17 ​ Equity lines ​ 28 ​ 28 ​ — ​ — ​ 28 ​ — ​ Total ​ $ 2,685 ​ $ 467 ​ $ 2,117 ​ $ 142 ​ $ 2,534 ​ $ 31 ​ ​ Impaired loans, which included TDRs of $2.69 million, and the related allowance at December 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 ​ $ 1,689 ​ $ 550 ​ $ 1,035 ​ $ 63 ​ $ 1,560 ​ $ 64 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 1,389 ​ — ​ 1,390 ​ 103 ​ 1,393 ​ 72 ​ Commercial business lending ​ 2,234 ​ — ​ 2,123 ​ 489 ​ 2,257 ​ — ​ Equity lines ​ 118 ​ 110 ​ — ​ — ​ 119 ​ 4 ​ Total ​ $ 5,430 ​ $ 660 ​ $ 4,548 ​ $ 655 ​ $ 5,329 ​ $ 140 ​ ​

Allowance for Loan Losses

Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2022
Allowance for Loan Losses
Allowance for Loan Losses	NOTE 4: 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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2021 ​ $ 2,660 ​ $ 856 ​ $ 11,085 ​ $ 593 ​ $ 172 ​ $ 24,791 ​ $ 40,157 ​ Provision (credited) charged to operations ​ ​ (38) ​ ​ 37 ​ ​ (636) ​ ​ (49) ​ ​ 8 ​ ​ 350 ​ ​ (328) ​ Loans charged off ​ ​ — ​ ​ — ​ ​ (11) ​ ​ — ​ ​ (48) ​ ​ (1,313) ​ ​ (1,372) ​ Recoveries of loans previously charged off ​ ​ 6 ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 32 ​ ​ 1,271 ​ ​ 1,311 ​ Balance at March 31, 2022 ​ $ 2,628 ​ $ 893 ​ $ 10,440 ​ $ 544 ​ $ 164 ​ $ 25,099 ​ $ 39,768 ​ ​ 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, as of March 31, 2022, 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 ​ $ 52 ​ $ — ​ $ 90 ​ $ — ​ $ — ​ $ — ​ $ 142 ​ Collectively evaluated for impairment ​ ​ 2,576 ​ ​ 893 ​ ​ 10,350 ​ ​ 544 ​ ​ 164 ​ ​ 25,099 ​ ​ 39,626 ​ Acquired loans - PCI ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Total allowance ​ $ 2,628 ​ $ 893 ​ $ 10,440 ​ $ 544 ​ $ 164 ​ $ 25,099 ​ $ 39,768 ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,168 ​ $ — ​ $ 1,388 ​ $ 28 ​ $ — ​ $ — ​ $ 2,584 ​ Collectively evaluated for impairment ​ ​ 214,348 ​ ​ 61,302 ​ ​ 715,602 ​ ​ 40,648 ​ ​ 7,717 ​ ​ 396,722 ​ ​ 1,436,339 ​ Acquired loans - PCI ​ ​ 510 ​ ​ — ​ ​ 2,106 ​ ​ 29 ​ ​ 41 ​ ​ — ​ ​ 2,686 ​ Total loans ​ $ 216,026 ​ $ 61,302 ​ $ 719,096 ​ $ 40,705 ​ $ 7,758 ​ $ 396,722 ​ $ 1,441,609 ​ ​ ​ The following table presents, as of December 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 ​ $ 63 ​ $ — ​ $ 592 ​ $ — ​ $ — ​ $ — ​ $ 655 ​ Collectively evaluated for impairment ​ ​ 2,597 ​ ​ 856 ​ ​ 10,493 ​ ​ 593 ​ ​ 172 ​ ​ 24,791 ​ ​ 39,502 ​ Acquired loans - PCI ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Total allowance ​ $ 2,660 ​ $ 856 ​ $ 11,085 ​ $ 593 ​ $ 172 ​ $ 24,791 ​ $ 40,157 ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,585 ​ $ — ​ $ 3,513 ​ $ 110 ​ $ — ​ $ — ​ $ 5,208 ​ Collectively evaluated for impairment ​ ​ 214,614 ​ ​ 57,495 ​ ​ 711,464 ​ ​ 41,197 ​ ​ 8,233 ​ ​ 368,194 ​ ​ 1,401,197 ​ Acquired loans - PCI ​ ​ 817 ​ ​ — ​ ​ 2,753 ​ ​ 38 ​ ​ 47 ​ ​ — ​ ​ 3,655 ​ Total loans ​ $ 217,016 ​ $ 57,495 ​ $ 717,730 ​ $ 41,345 ​ $ 8,280 ​ $ 368,194 ​ $ 1,410,060 ​ ​ Loans by credit quality indicators as of March 31, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ Substandard ​ ​ (Dollars in thousands) ​ Pass ​ Mention ​ Substandard ​ Nonaccrual ​ Total 1 Real estate – residential mortgage ​ $ 214,505 ​ $ 509 ​ $ 670 ​ $ 342 ​ $ 216,026 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ 46,206 ​ — ​ — ​ — ​ 46,206 ​ Consumer lot lending ​ 15,096 ​ — ​ — ​ — ​ 15,096 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 517,441 ​ 2,057 ​ 5,924 ​ — ​ 525,422 ​ Land acquisition and development lending ​ 37,062 ​ — ​ — ​ — ​ 37,062 ​ Builder line lending ​ 30,915 ​ — ​ — ​ — ​ 30,915 ​ Commercial business lending ​ 125,697 ​ — ​ — ​ — ​ 125,697 ​ Equity lines ​ 40,578 ​ 10 ​ 14 ​ 103 ​ 40,705 ​ Consumer ​ 7,756 ​ — ​ — ​ 2 ​ 7,758 ​ ​ ​ $ 1,035,256 ​ $ 2,576 ​ $ 6,608 ​ $ 447 ​ $ 1,044,887 ​ 1 At March 31, 2022, the Corporation did not have any loans classified as Doubtful or Loss. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ (Dollars in thousands) Performing Performing Total Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ $ 348,372 ​ $ 318 ​ $ 348,690 Marine and recreational vehicles ​ ​ 48,032 ​ ​ - ​ ​ 48,032 ​ ​ $ 396,404 ​ $ 318 ​ $ 396,722 ​ Loans by credit quality indicators as of December 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ Substandard ​ ​ (Dollars in thousands) ​ Pass ​ Mention ​ Substandard ​ Nonaccrual ​ Total 1 Real estate – residential mortgage ​ $ 215,432 ​ $ 664 ​ $ 605 ​ $ 315 ​ $ 217,016 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ 39,252 ​ — ​ — ​ — ​ 39,252 ​ Consumer lot lending ​ 18,243 ​ — ​ — ​ — ​ 18,243 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 519,938 ​ 1,989 ​ 5,986 ​ — ​ 527,913 ​ Land acquisition and development lending ​ 27,609 ​ — ​ — ​ — ​ 27,609 ​ Builder line lending ​ 30,499 ​ — ​ — ​ — ​ 30,499 ​ Commercial business lending ​ 129,587 ​ — ​ — ​ 2,122 ​ 131,709 ​ Equity lines ​ 41,013 ​ 47 ​ 181 ​ 104 ​ 41,345 ​ Consumer ​ 8,276 ​ — ​ 1 ​ 3 ​ 8,280 ​ ​ ​ $ 1,029,849 ​ $ 2,700 ​ $ 6,773 ​ $ 2,544 ​ $ 1,041,866 ​ 1 At December 31, 2021, the Corporation did not have any loans classified as Doubtful or Loss. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ (Dollars in thousands) Performing Performing Total Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ $ 321,687 ​ $ 380 ​ $ 322,067 Marine and recreational vehicles ​ ​ 46,127 ​ ​ - ​ ​ 46,127 ​ ​ $ 367,814 ​ $ 380 ​ $ 368,194 ​

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2022
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	NOTE 5: Goodwill and Other Intangible Assets ​ The carrying amount of goodwill was $25.19 million at March 31, 2022 and December 31, 2021. There were no changes in the recorded balance of goodwill during the three months ended March 31, 2022 or 2021. ​ The Corporation had $1.90 million and $1.98 million of other intangible assets as of March 31, 2022 and December 31, 2021, respectively. Other intangible assets were recognized in connection with the core deposits acquired from Peoples Bankshares, Incorporated 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, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ ​ Gross ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ Carrying ​ Accumulated ​ ​ Carrying ​ Accumulated (Dollars in thousands) ​ ​ Amount ​ Amortization ​ ​ Amount ​ Amortization Amortizable intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Core deposit intangibles ​ $ 1,711 ​ $ (360) ​ $ 1,711 ​ $ (325) Other amortizable intangibles ​ 1,405 ​ ​ (854) ​ ​ 1,405 ​ ​ (814) Total ​ $ 3,116 ​ $ (1,214) ​ $ 3,116 ​ $ (1,139) ​ Amortization expense was $75,000 and $78,000 for the three months ended March 31, 2022 and 2021, respectively. ​

Equity, Other Comprehensive Inc

Equity, Other Comprehensive Income (Loss) and Earnings Per Share	3 Months Ended
	Mar. 31, 2022
Equity, Other Comprehensive Income (Loss) and Earnings Per Share
Equity, Other Comprehensive Income (Loss) and Earnings Per Share	NOTE 6: Equity, Other Comprehensive Income (Loss) and Earnings Per Share ​ Equity and Noncontrolling Interest ​ The Corporation’s Board of Directors authorized a program, effective December 1, 2021, to repurchase up to $10.0 million of the Corporation’s common stock through November 30, 2022 (the 2021 Repurchase Program). During the three months ended March 31, 2022, the Corporation repurchased ​ Additionally during the three months ended March 31, 2022 and 2021, the Corporation withheld 4,434 shares and 5,633 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. ​ Accumulated Other Comprehensive Loss, Net ​ Changes in each component of accumulated other comprehensive loss were as follows for the three months ended March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Defined Cash ​ ​ ​ ​ Available ​ Benefit ​ Flow ​ ​ (Dollars in thousands) ​ For Sale ​ Plan ​ Hedges ​ Total Accumulated other comprehensive income (loss) at December 31, 2021 ​ $ 437 ​ $ (2,055) ​ $ (469) ​ $ (2,087) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (loss) income arising during the period ​ (18,595) ​ — ​ 1,240 ​ (17,355) Related income tax effects ​ 3,905 ​ — ​ (319) ​ 3,586 ​ ​ ​ (14,690) ​ ​ — ​ ​ 921 ​ ​ (13,769) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassifications into net income ​ ​ — ​ ​ (8) ​ ​ (2) ​ ​ (10) Related income tax effects ​ ​ — ​ ​ 1 ​ ​ 1 ​ ​ 2 ​ ​ ​ — ​ ​ (7) ​ ​ (1) ​ ​ (8) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income, net of tax ​ ​ (14,690) ​ ​ (7) ​ ​ 920 ​ ​ (13,777) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive (loss) income at March 31, 2022 ​ $ (14,253) ​ $ (2,062) ​ $ 451 ​ $ (15,864) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Defined Cash ​ ​ ​ ​ Available ​ Benefit ​ Flow ​ ​ (Dollars in thousands) ​ For Sale ​ Plan ​ Hedges ​ Total Accumulated other comprehensive income (loss) at December 31, 2020 ​ $ 4,397 ​ $ (4,985) ​ $ (1,367) ​ $ (1,955) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (loss) income arising during the period ​ (2,971) ​ — ​ 990 ​ (1,981) Related income tax effects ​ 623 ​ — ​ (255) ​ 368 ​ ​ ​ (2,348) ​ ​ — ​ ​ 735 ​ ​ (1,613) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassifications into net income ​ ​ (32) ​ ​ 43 ​ ​ (2) ​ ​ 9 Related income tax effects ​ ​ 7 ​ ​ (9) ​ ​ 1 ​ ​ (1) ​ ​ ​ (25) ​ ​ 34 ​ ​ (1) ​ ​ 8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income, net of tax ​ ​ (2,373) ​ ​ 34 ​ ​ 734 ​ ​ (1,605) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive income (loss) at March 31, 2021 ​ $ 2,024 ​ $ (4,951) ​ $ (633) ​ $ (3,560) ​ The following table provides information regarding reclassifications from accumulated other comprehensive loss into net income for the three months ended March 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ Line Item In the (Dollars in thousands) 2022 2021 ​ Consolidated Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ Reclassification of net realized gains into net income ​ $ — ​ $ 32 ​ Net gains on sales, maturities and calls of available for sale securities Related income tax effects ​ ​ — ​ ​ (7) ​ Income tax expense ​ ​ ​ — ​ ​ 25 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ Defined benefit plan: 1 ​ ​ ​ ​ ​ ​ ​ ​ Reclassification of recognized net actuarial losses into net income ​ ​ (9) ​ ​ (60) ​ Noninterest expenses - Other Amortization of prior service credit into net income ​ ​ 17 ​ ​ 17 ​ Noninterest expenses - Other Related income tax effects ​ ​ (1) ​ ​ 9 ​ Income tax expense ​ ​ ​ 7 ​ ​ (34) ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ Csah flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ Amortization of hedging gains into net income ​ ​ 2 ​ ​ 2 ​ Interest expense - Trust preferred capital notes Related income tax effects ​ ​ (1) ​ ​ (1) ​ Income tax expense ​ ​ ​ 1 ​ ​ 1 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ Total reclassifications into net income ​ $ 8 ​ $ (8) ​ ​ 1 See “Note 7: Employee Benefit Plans,” for additional information. ​ ​ Earnings Per Share (EPS) ​ The components of the Corporation’s EPS calculations are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2022 2021 Net income attributable to C&F Financial Corporation ​ $ 5,629 ​ $ 7,061 ​ Weighted average shares outstanding — ​ 3,547,780 ​ 3,676,067 ​ ​ 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, 2022
Employee Benefit Plans
Employee Benefit Plans	NOTE 7: 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) 2022 2021 Components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ Service cost, included in salaries and employee benefits ​ $ 479 ​ $ 487 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 124 ​ 116 ​ Expected return on plan assets ​ (418) ​ (440) ​ Amortization of prior service credit ​ (17) ​ (17) ​ Recognized net actuarial losses ​ 9 ​ 60 ​ Other components of net periodic benefit cost, included in other noninterest expense ​ ​ (302) ​ ​ (281) ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost ​ $ 177 ​ $ 206 ​ ​

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
	Mar. 31, 2022
Fair Value of Assets and Liabilities
Fair Value of Assets and Liabilities	NOTE 8: 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. 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. ​ Other investments. 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. ​ The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ 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. Treasury securities ​ $ — ​ $ 26,211 ​ $ — ​ $ 26,211 ​ U.S. government agencies and corporations ​ ​ — ​ ​ 72,479 ​ ​ — ​ ​ 72,479 ​ Mortgage-backed securities ​ — ​ 198,451 ​ — ​ 198,451 ​ Obligations of states and political subdivisions ​ — ​ 91,720 ​ — ​ 91,720 ​ Corporate and other debt securities ​ ​ — ​ ​ 26,671 ​ ​ — ​ ​ 26,671 ​ Total securities available for sale ​ — ​ 415,532 ​ — ​ 415,532 ​ Loans held for sale ​ — ​ 46,659 ​ — ​ 46,659 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ — ​ 1,767 ​ — ​ 1,767 ​ Interest rate swaps on loans ​ ​ — ​ ​ 1,554 ​ ​ — ​ ​ 1,554 ​ Cash flow hedges ​ — ​ 575 ​ — ​ 575 ​ Total assets ​ $ — ​ $ 466,087 ​ $ — ​ $ 466,087 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ $ — ​ $ 1,554 ​ $ — ​ $ 1,554 ​ Total liabilities ​ $ — ​ $ 1,554 ​ $ — ​ $ 1,554 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 ​ $ — ​ $ 68,285 ​ $ — ​ $ 68,285 ​ Mortgage-backed securities ​ — ​ 190,349 ​ — ​ 190,349 ​ Obligations of states and political subdivisions ​ — ​ 92,666 ​ — ​ 92,666 ​ Corporate and other debt securities ​ — ​ 21,773 ​ — ​ 21,773 ​ Total securities available for sale ​ — ​ 373,073 ​ — ​ 373,073 ​ Loans held for sale ​ — ​ 82,295 ​ — ​ 82,295 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ — ​ 1,523 ​ — ​ 1,523 ​ Interest rate swaps on loans ​ — ​ 3,467 ​ — ​ 3,467 ​ Total assets ​ $ — ​ $ 460,358 ​ $ — ​ $ 460,358 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ $ — ​ $ 3,467 ​ $ — ​ $ 3,467 ​ Cash flow hedges ​ ​ — ​ ​ 665 ​ ​ — ​ ​ 665 ​ Forward sales of TBA securities ​ ​ — ​ ​ 3 ​ ​ — ​ ​ 3 ​ Total liabilities ​ $ — ​ $ 4,135 ​ $ — ​ $ 4,135 ​ ​ 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). ​ At March 31, 2022 and December 31, 2021 there were no impaired loans and no OREO that were measured at fair value. ​ 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, 2022 Classified as Total Fair (Dollars in thousands) ​ Value ​ Level 1 ​ Level 2 ​ Level 3 ​ Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and short-term investments ​ $ 270,928 ​ $ 268,938 ​ $ 1,468 ​ $ — ​ $ 270,406 ​ Securities available for sale ​ 415,532 ​ ​ — ​ 415,532 ​ ​ — ​ 415,532 ​ Loans, net ​ 1,401,841 ​ — ​ — ​ 1,405,244 ​ 1,405,244 ​ Loans held for sale ​ 46,659 ​ — ​ 46,659 ​ — ​ 46,659 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ ​ 1,767 ​ ​ — ​ ​ 1,767 ​ ​ — ​ ​ 1,767 ​ Interest rate swaps on loans ​ ​ 1,554 ​ ​ — ​ ​ 1,554 ​ ​ — ​ ​ 1,554 ​ Cash flow hedges ​ ​ 575 ​ ​ — ​ ​ 575 ​ ​ — ​ ​ 575 ​ Bank-owned life insurance ​ ​ 20,705 ​ ​ — ​ ​ 20,705 ​ ​ — ​ ​ 20,705 ​ Accrued interest receivable ​ 6,953 ​ 6,953 ​ — ​ — ​ 6,953 ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand and savings deposits ​ ​ 1,568,892 ​ ​ 1,568,892 ​ ​ — ​ ​ — ​ ​ 1,568,892 ​ Time deposits ​ 400,769 ​ — ​ 402,981 ​ — ​ 402,981 ​ Borrowings ​ 81,807 ​ — ​ 85,137 ​ — ​ 85,137 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ ​ 1,554 ​ ​ — ​ ​ 1,554 ​ ​ — ​ ​ 1,554 ​ Accrued interest payable ​ 434 ​ 434 ​ — ​ — ​ 434 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Value Measurements at December 31, 2021 Classified as Total Fair (Dollars in thousands) ​ Value ​ Level 1 ​ Level 2 ​ Level 3 ​ Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and short-term investments ​ $ 269,487 ​ $ 267,745 ​ $ 1,235 ​ $ — ​ $ 268,980 ​ Securities available for sale ​ 373,073 ​ ​ — ​ 373,073 ​ ​ — ​ 373,073 ​ Loans, net ​ 1,369,903 ​ — ​ — ​ 1,379,564 ​ 1,379,564 ​ Loans held for sale ​ 82,295 ​ — ​ 82,295 ​ — ​ 82,295 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ ​ 1,523 ​ ​ — ​ ​ 1,523 ​ ​ — ​ ​ 1,523 ​ Interest rate swaps on loans ​ ​ 3,467 ​ ​ — ​ ​ 3,467 ​ ​ — ​ ​ 3,467 ​ Bank-owned life insurance ​ ​ 20,597 ​ ​ — ​ ​ 20,597 ​ ​ — ​ ​ 20,597 ​ Accrued interest receivable ​ 6,810 ​ 6,810 ​ — ​ — ​ 6,810 ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand and savings deposits ​ ​ 1,488,893 ​ ​ 1,488,893 ​ ​ — ​ ​ — ​ ​ 1,488,893 ​ Time deposits ​ 425,721 ​ — ​ 428,462 ​ — ​ 428,462 ​ Borrowings ​ 84,115 ​ — ​ 89,609 ​ — ​ 89,609 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow hedges ​ 665 ​ ​ — ​ 665 ​ ​ — ​ 665 ​ Interest rate swaps on loans ​ ​ 3,467 ​ ​ — ​ ​ 3,467 ​ ​ — ​ ​ 3,467 ​ Forward sales of TBA securities ​ ​ 3 ​ ​ — ​ ​ 3 ​ ​ ​ ​ ​ 3 ​ Accrued interest payable ​ 715 ​ 715 ​ — ​ — ​ 715 ​ ​ The Corporation assumes interest rate risk (the risk that general interest rate levels will change) in the normal course of operations. As a result, the fair values of the Corporation’s financial instruments will change when interest rate levels change and that change may be either favorable or unfavorable to the Corporation. Management attempts to match maturities of assets and liabilities to the extent believed necessary to balance minimizing interest rate risk and increasing net interest income in current market conditions. However, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors interest rates, maturities and repricing dates of assets and liabilities and attempts to manage interest rate risk by adjusting terms of new loans, deposits and borrowings and by investing in securities with terms that mitigate the Corporation’s overall interest rate risk.

Business Segments

Business Segments	3 Months Ended
	Mar. 31, 2022
Business Segments
Business Segments	NOTE 9: Business Segments ​ The Corporation operates in a decentralized fashion in three business segments: community banking, mortgage banking and consumer finance. The community banking segment comprises C&F Bank and C&F Wealth Management. 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 operating 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 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 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, 2022 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 15,038 ​ $ 488 ​ $ 9,578 ​ $ — ​ $ (2,873) ​ $ 22,231 ​ Interest expense ​ 1,173 ​ ​ 120 ​ 2,768 ​ 582 ​ (2,888) ​ 1,755 ​ Net interest income ​ 13,865 ​ 368 ​ 6,810 ​ (582) ​ 15 ​ 20,476 ​ Gain on sales of loans ​ ​ — ​ ​ 2,708 ​ ​ — ​ ​ — ​ ​ (13) ​ ​ 2,695 ​ Other noninterest income ​ ​ 3,924 ​ ​ 1,321 ​ ​ 66 ​ ​ (1,260) ​ ​ (17) ​ ​ 4,034 ​ Net revenue ​ 17,789 ​ 4,397 ​ 6,876 ​ (1,842) ​ (15) ​ 27,205 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ (700) ​ 22 ​ ​ 350 ​ ​ — ​ ​ — ​ (328) ​ Noninterest expense ​ 14,172 ​ 3,226 ​ ​ 3,694 ​ ​ (867) ​ ​ (14) ​ 20,211 ​ Income (loss) before taxes ​ 4,317 ​ 1,149 ​ 2,832 ​ (975) ​ (1) ​ 7,322 ​ Income tax expense (benefit) ​ 800 ​ 283 ​ ​ 770 ​ ​ (266) ​ — ​ 1,587 ​ Net income (loss) ​ $ 3,517 ​ $ 866 ​ $ 2,062 ​ $ (709) ​ $ (1) ​ $ 5,735 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 1,113 ​ $ 26 ​ $ 17 ​ $ — ​ $ — ​ $ 1,156 ​ Depreciation and amortization ​ $ 969 ​ $ 63 ​ $ 103 ​ $ — ​ $ — ​ $ 1,135 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ 3,687 ​ ​ 2,724 ​ ​ 112 ​ ​ 511 ​ ​ (17) ​ ​ 7,017 ​ Net revenue ​ 17,139 ​ 10,583 ​ 7,161 ​ (71) ​ (61) ​ 34,751 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ — ​ 30 ​ ​ 250 ​ ​ — ​ ​ — ​ 280 ​ Noninterest expense ​ 13,771 ​ 6,987 ​ ​ 3,448 ​ ​ 813 ​ ​ — ​ 25,019 ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated ​ Total assets at March 31, 2022 ​ $ 2,166,045 ​ $ 69,917 ​ $ 400,338 ​ $ 43,982 ​ $ (378,439) ​ $ 2,301,843 ​ Total assets at December 31, 2021 ​ $ 2,131,391 ​ $ 105,547 ​ $ 372,292 ​ $ 44,897 ​ $ (389,606) ​ $ 2,264,521 ​ ​ 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, 2022
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	NOTE 10: 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 $303.06 million at March 31, 2022 and $305.37 million at December 31, 2021, which does not include IRLCs at the mortgage banking segment, which are discussed in Note 11. ​ 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 $14.37 million at March 31, 2022 and $15.11 million at December 31, 2021. ​ 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, 2022 and 2021, the Corporation recorded a reversal of provision for indemnifications of $583,000 and recorded a provision for indemnifications of $17,000, respectively, which is included in “Noninterest Expenses – Other” on the Consolidated Statements of Income. No indemnification payments were made during the three months ended March 31, 2022 or 2021. The allowance for indemnifications was $2.67 million at March 31, 2022 and $3.25 million at December 31, 2021. ​

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
	Mar. 31, 2022
Derivative Financial Instruments
Derivative Financial Instruments	NOTE 11: 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 ​ At March 31, 2022, the mortgage banking segment had $103.51 million of IRLCs and $45.36 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using best-efforts forward sales contracts for $148.87 million in mortgage loans. ​ At December 31, 2021, the mortgage banking segment had $80.59 million of IRLCs and $72.24 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using best-efforts forward sales contracts for $152.83 million in mortgage loans. Also at December 31, 2021, the mortgage banking segment had $2.82 million of IRLCs and $7.40 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using forward sales of $9.25 million of TBA securities and mandatory-delivery forward sales contracts for $1.01 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, 2022 or December 31, 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ Notional ​ ​ (Dollars in thousands) ​ Amount ​ Assets ​ Liabilities ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap contracts ​ $ 25,000 ​ $ 575 ​ $ — ​ ​ Not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ Customer-related interest rate swap contracts: ​ ​ ​ ​ ​ ​ ​ ​ Matched interest rate swaps with borrower ​ 72,031 ​ 350 ​ 1,204 ​ ​ Matched interest rate swaps with counterparty ​ ​ 72,031 ​ ​ 1,204 ​ ​ 350 ​ ​ Mortgage banking contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ ​ 103,505 ​ ​ 1,767 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Notional ​ ​ ​ (Dollars in thousands) ​ Amount ​ Assets ​ Liabilities ​ ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap contracts ​ $ 25,000 ​ $ — ​ $ 665 ​ ​ Not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer-related interest rate swap contracts: ​ ​ ​ ​ ​ ​ ​ ​ Matched interest rate swaps with borrower ​ 72,352 ​ 3,303 ​ 164 ​ ​ Matched interest rate swaps with counterparty ​ ​ 72,352 ​ ​ 164 ​ ​ 3,303 ​ ​ Mortgage banking contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ ​ 83,407 ​ ​ 1,523 ​ ​ — ​ ​ Forward sales of TBA securities ​ ​ 9,250 ​ — ​ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ The Corporation and the Bank are required to maintain cash collateral with dealer counterparties for interest rate swap relationships in a loss position. At March 31, 2022 and at December 31, 2021, $1.44 million and $3.88 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, 2022
Other Noninterest Expenses
Other Noninterest Expenses	NOTE 12: 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) 2022 2021 Data processing fees ​ $ 2,601 ​ $ 2,903 Professional fees ​ ​ 752 ​ ​ 747 Mortgage banking loan processing expenses ​ ​ 502 ​ ​ 894 Marketing and advertising expenses ​ ​ 468 ​ ​ 345 Travel and educational expenses ​ 442 ​ 154 Telecommunication expenses ​ ​ 367 ​ ​ 374 Provision for indemnifications ​ ​ (583) ​ ​ 17 Other real estate (gain)/loss and expenses, net ​ ​ — ​ ​ (7) All other noninterest expenses ​ 1,597 ​ 1,619 Total other noninterest expenses ​ $ 6,146 ​ $ 7,046 ​ ​ ​

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2022
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 9.
Basis of Presentation	Basis of Presentation: ​
Reclassification	Reclassification: ​
Derivative Financial Instruments	Derivative Financial Instruments: ​
Share-Based Compensation	Share-Based Compensation: ​ A summary of activity for restricted stock awards during the first three months of 2022 and 2021 is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ Weighted- ​ ​ ​ ​ Average ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value Unvested, December 31, 2021 140,577 ​ $ 48.57 ​ Granted ​ 15,930 ​ 50.57 ​ Vested (14,270) ​ 51.24 ​ Forfeited (2,200) ​ 48.11 ​ Unvested, March 31, 2022 140,037 ​ ​ 48.57 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​
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 “Financial Instruments – Credit Losses (Topic 326) - Troubled Debt Restructurings and Vintage Disclosures” on expected losses to estimate credit losses on certain types of financial instruments. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. The new standard will be effective for the Corporation beginning on January 1, 2023. Early adoption of the new standard is permitted. ​ 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. ​ In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848) – Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” This guidance provides temporary, optional expedients and exceptions to ease the potential burden in accounting for modifications of loan contracts, borrowings, hedging relationships and other transactions related to reference rate reform associated with the LIBOR transition if certain criteria are met. The amendments are effective as of March 12, 2020 through December 31, 2022, can be adopted at an instrument level. The Corporation expects to apply Topic 848 in the case of modifications to certain loans, borrowings and cash flow hedges during 2022, and that these modifications will not have a material impact on the consolidated financial statements. ​ 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, 2022
Summary of Significant Accounting Policies
Summary of activity for restricted stock awards	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ Weighted- ​ ​ ​ ​ Average ​ ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value Unvested, December 31, 2021 140,577 ​ $ 48.57 ​ Granted ​ 15,930 ​ 50.57 ​ Vested (14,270) ​ 51.24 ​ Forfeited (2,200) ​ 48.11 ​ Unvested, March 31, 2022 140,037 ​ ​ 48.57 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2022
Securities
Summary of available for sale debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 26,730 ​ $ — ​ $ (519) ​ $ 26,211 ​ U.S. government agencies and corporations ​ ​ 78,291 ​ ​ — ​ ​ (5,812) ​ ​ 72,479 ​ Mortgage-backed securities ​ 207,179 ​ 111 ​ (8,839) ​ 198,451 ​ Obligations of states and political subdivisions ​ 94,312 ​ 350 ​ (2,942) ​ 91,720 ​ Corporate and other debt securities ​ ​ 27,062 ​ ​ 133 ​ ​ (524) ​ ​ 26,671 ​ ​ ​ $ 433,574 ​ $ 594 ​ $ (18,636) ​ $ 415,532 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. government agencies and corporations ​ $ 69,583 ​ $ 41 ​ $ (1,339) ​ $ 68,285 ​ Mortgage-backed securities ​ 189,985 ​ 1,565 ​ (1,201) ​ 190,349 ​ Obligations of states and political subdivisions ​ 91,304 ​ 1,642 ​ (280) ​ 92,666 ​ Corporate and other debt securities ​ 21,648 ​ 246 ​ (121) ​ 21,773 ​ ​ ​ $ 372,520 ​ $ 3,494 ​ $ (2,941) ​ $ 373,073 ​
Schedule of amortized cost and estimated fair value of securities, by the earlier of contractual maturity or expected maturity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ Amortized ​ (Dollars in thousands) ​ Cost ​ Fair Value Due in one year or less ​ $ 56,457 ​ $ 53,744 ​ Due after one year through five years ​ 278,190 ​ 268,883 ​ Due after five years through ten years ​ 94,042 ​ 88,462 ​ Due after ten years ​ 4,885 ​ 4,443 ​ ​ ​ $ 433,574 ​ $ 415,532 ​
Schedule of gross realized gains and losses and the proceeds	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2022 2021 Realized gains from sales, maturities and calls of securities: ​ ​ ​ ​ ​ ​ Gross realized gains ​ $ — ​ $ 32 Gross realized losses ​ — ​ — Net realized gains ​ $ — ​ $ 32 Proceeds from sales, maturities, calls and paydowns of securities ​ $ 14,629 ​ $ 33,712
Schedule of securities in an unrealized loss position	Securities in an unrealized loss position at March 31, 2022, 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. Treasury securities ​ $ 24,200 ​ $ 519 ​ $ — ​ $ — ​ $ 24,200 ​ $ 519 ​ U.S. government agencies and corporations ​ ​ 41,083 ​ ​ 2,599 ​ ​ 29,078 ​ ​ 3,213 ​ ​ 70,161 ​ ​ 5,812 ​ Mortgage-backed securities ​ 151,040 ​ ​ 7,102 ​ 26,199 ​ 1,737 ​ 177,239 ​ 8,839 ​ Obligations of states and political subdivisions ​ 54,328 ​ 2,408 ​ 6,875 ​ 534 ​ 61,203 ​ 2,942 ​ Corporate and other debt securities ​ ​ 16,520 ​ ​ 488 ​ ​ 963 ​ ​ 36 ​ ​ 17,483 ​ ​ 524 ​ Total temporarily impaired securities ​ $ 287,171 ​ $ 13,116 ​ $ 63,115 ​ $ 5,520 ​ $ 350,286 ​ $ 18,636 ​ Securities in an unrealized loss position at December 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 ​ $ 46,561 ​ $ 945 ​ $ 10,604 ​ $ 394 ​ $ 57,165 ​ $ 1,339 ​ Mortgage-backed securities ​ ​ 126,873 ​ 1,127 ​ 5,178 ​ 74 ​ 132,051 ​ 1,201 ​ Obligations of states and political subdivisions ​ ​ 16,578 ​ ​ 224 ​ ​ 2,703 ​ ​ 56 ​ ​ 19,281 ​ ​ 280 ​ Corporate and other debt securities ​ 8,925 ​ 121 ​ — ​ — ​ 8,925 ​ 121 ​ Total temporarily impaired securities ​ $ 198,937 ​ $ 2,417 ​ $ 18,485 ​ $ 524 ​ $ 217,422 ​ $ 2,941 ​

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2022
Loans
Summary of major classifications of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (Dollars in thousands) 2022 2021 Real estate – residential mortgage ​ $ 216,026 ​ $ 217,016 ​ Real estate – construction 1 ​ 61,302 ​ 57,495 ​ Commercial, financial and agricultural 2 ​ 719,096 ​ 717,730 ​ Equity lines ​ 40,705 ​ 41,345 ​ Consumer ​ 7,758 ​ 8,280 ​ Consumer finance 3 ​ 396,722 ​ 368,194 ​ ​ ​ 1,441,609 ​ 1,410,060 ​ Less allowance for loan losses ​ (39,768) ​ (40,157) ​ Loans, net ​ $ 1,401,841 ​ $ 1,369,903 ​ 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 Paycheck Protection Program). 3 Includes the Corporation’s non-prime automobile lending and prime marine and recreational vehicle lending.
Schedule of acquired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ December 31, 2021 ​ ​ 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 ​ $ 7,098 ​ $ 52,913 ​ $ 60,011 ​ $ 8,350 ​ $ 57,862 ​ $ 66,212 ​ Carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate – residential mortgage ​ $ 510 ​ $ 10,281 ​ $ 10,791 ​ $ 817 ​ $ 9,997 ​ $ 10,814 ​ Real estate – construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,356 ​ ​ 1,356 ​ Commercial, financial and agricultural 1 ​ 2,106 ​ 34,235 ​ 36,341 ​ 2,753 ​ 37,313 ​ 40,066 ​ Equity lines ​ 29 ​ 6,310 ​ 6,339 ​ 38 ​ 6,919 ​ 6,957 ​ Consumer ​ 41 ​ 1,112 ​ 1,153 ​ 47 ​ 1,213 ​ 1,260 ​ Total acquired loans ​ $ 2,686 ​ $ 51,938 ​ $ 54,624 ​ $ 3,655 ​ $ 56,798 ​ $ 60,453 ​ 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) 2022 2021 Accretable yield, balance at beginning of period ​ $ 3,111 ​ $ 4,048 ​ Accretion ​ (363) ​ (517) ​ Reclassification of nonaccretable difference due to improvement in expected cash flows ​ 378 ​ 456 ​ Other changes, net ​ (69) ​ (69) ​ Accretable yield, balance at end of period ​ $ 3,057 ​ $ 3,918 ​
Schedule of loans on nonaccrual status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ December 31, (Dollars in thousands) 2022 2021 Real estate – residential mortgage ​ $ 342 ​ $ 315 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ Commercial business lending ​ — ​ 2,122 ​ Equity lines ​ 103 ​ 104 ​ Consumer ​ 2 ​ 3 ​ Consumer finance: ​ ​ ​ ​ ​ ​ ​ Automobiles ​ ​ 318 ​ ​ 380 ​ Total loans on nonaccrual status ​ $ 765 ​ $ 2,924 ​
Schedule of past due status of loans	The past due status of loans as of March 31, 2022 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 ​ $ 617 ​ $ — ​ $ 329 ​ $ 946 ​ $ 510 ​ $ 214,570 ​ $ 216,026 ​ $ — ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ — ​ — ​ — ​ — ​ ​ — ​ 46,206 ​ 46,206 ​ — ​ Consumer lot lending ​ 235 ​ 14 ​ — ​ 249 ​ ​ — ​ 14,847 ​ 15,096 ​ — ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 231 ​ — ​ — ​ 231 ​ ​ 2,106 ​ 523,085 ​ 525,422 ​ — ​ Land acquisition and development lending ​ — ​ — ​ — ​ — ​ ​ — ​ 37,062 ​ 37,062 ​ — ​ Builder line lending ​ — ​ — ​ — ​ — ​ ​ — ​ 30,915 ​ 30,915 ​ — ​ Commercial business lending ​ 33 ​ — ​ — ​ 33 ​ ​ — ​ 125,664 ​ 125,697 ​ — ​ Equity lines ​ 13 ​ — ​ — ​ 13 ​ ​ 29 ​ 40,663 ​ 40,705 ​ — ​ Consumer ​ 1 ​ — ​ — ​ 1 ​ ​ 41 ​ 7,716 ​ 7,758 ​ — ​ Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ ​ 5,588 ​ ​ 777 ​ ​ 318 ​ ​ 6,683 ​ ​ — ​ ​ 342,007 ​ ​ 348,690 ​ ​ — ​ Marine and recreational vehicles ​ 81 ​ — ​ — ​ 81 ​ ​ — ​ 47,951 ​ 48,032 ​ — ​ Total ​ $ 6,799 ​ $ 791 ​ $ 647 ​ $ 8,237 ​ $ 2,686 ​ $ 1,430,686 ​ $ 1,441,609 ​ $ — ​ 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 $118,000 and 90+ days past due of $647,000. ​ The past due status of loans as of December 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 ​ $ 963 ​ $ 325 ​ $ 429 ​ $ 1,717 ​ $ 817 ​ $ 214,482 ​ $ 217,016 ​ $ 129 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ — ​ — ​ — ​ — ​ ​ — ​ 39,252 ​ 39,252 ​ — ​ Consumer lot lending ​ — ​ — ​ — ​ — ​ ​ — ​ 18,243 ​ 18,243 ​ — ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ — ​ 39 ​ — ​ 39 ​ ​ 2,753 ​ 525,121 ​ 527,913 ​ — ​ Land acquisition and development lending ​ — ​ — ​ — ​ — ​ ​ — ​ 27,609 ​ 27,609 ​ — ​ Builder line lending ​ — ​ — ​ — ​ — ​ ​ — ​ 30,499 ​ 30,499 ​ — ​ Commercial business lending ​ 8 ​ — ​ — ​ 8 ​ ​ — ​ 131,701 ​ 131,709 ​ — ​ Equity lines ​ 55 ​ 31 ​ 49 ​ 135 ​ ​ 38 ​ 41,172 ​ 41,345 ​ 49 ​ Consumer ​ 12 ​ — ​ — ​ 12 ​ ​ 47 ​ 8,221 ​ 8,280 ​ — ​ Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ ​ 6,519 ​ ​ 1,008 ​ ​ 380 ​ ​ 7,907 ​ ​ — ​ ​ 314,160 ​ ​ 322,067 ​ ​ — ​ Marine and recreational vehicles ​ 32 ​ ​ — ​ ​ — ​ ​ 32 ​ ​ — ​ ​ 46,095 ​ ​ 46,127 ​ ​ — ​ Total ​ $ 7,589 ​ $ 1,403 ​ $ 858 ​ $ 9,850 ​ $ 3,655 ​ $ 1,396,555 ​ $ 1,410,060 ​ $ 178 ​ 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 $2.24 million and 90+ days past due of $680,000.
Schedule of impaired loans	Impaired loans, which included TDRs of $2.18 million, and the related allowance at March 31, 2022 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 ​ $ 1,270 ​ $ 439 ​ $ 729 ​ $ 52 ​ $ 1,118 ​ $ 14 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 1,387 ​ — ​ 1,388 ​ 90 ​ 1,388 ​ 17 ​ Equity lines ​ 28 ​ 28 ​ — ​ — ​ 28 ​ — ​ Total ​ $ 2,685 ​ $ 467 ​ $ 2,117 ​ $ 142 ​ $ 2,534 ​ $ 31 ​ ​ Impaired loans, which included TDRs of $2.69 million, and the related allowance at December 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 ​ $ 1,689 ​ $ 550 ​ $ 1,035 ​ $ 63 ​ $ 1,560 ​ $ 64 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 1,389 ​ — ​ 1,390 ​ 103 ​ 1,393 ​ 72 ​ Commercial business lending ​ 2,234 ​ — ​ 2,123 ​ 489 ​ 2,257 ​ — ​ Equity lines ​ 118 ​ 110 ​ — ​ — ​ 119 ​ 4 ​ Total ​ $ 5,430 ​ $ 660 ​ $ 4,548 ​ $ 655 ​ $ 5,329 ​ $ 140 ​

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2022
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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2021 ​ $ 2,660 ​ $ 856 ​ $ 11,085 ​ $ 593 ​ $ 172 ​ $ 24,791 ​ $ 40,157 ​ Provision (credited) charged to operations ​ ​ (38) ​ ​ 37 ​ ​ (636) ​ ​ (49) ​ ​ 8 ​ ​ 350 ​ ​ (328) ​ Loans charged off ​ ​ — ​ ​ — ​ ​ (11) ​ ​ — ​ ​ (48) ​ ​ (1,313) ​ ​ (1,372) ​ Recoveries of loans previously charged off ​ ​ 6 ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 32 ​ ​ 1,271 ​ ​ 1,311 ​ Balance at March 31, 2022 ​ $ 2,628 ​ $ 893 ​ $ 10,440 ​ $ 544 ​ $ 164 ​ $ 25,099 ​ $ 39,768 ​ ​ 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 ​
Schedule of balance of the allowance for loan losses and the allowance by impairment methodology	​ The following table presents, as of March 31, 2022, 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 ​ $ 52 ​ $ — ​ $ 90 ​ $ — ​ $ — ​ $ — ​ $ 142 ​ Collectively evaluated for impairment ​ ​ 2,576 ​ ​ 893 ​ ​ 10,350 ​ ​ 544 ​ ​ 164 ​ ​ 25,099 ​ ​ 39,626 ​ Acquired loans - PCI ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Total allowance ​ $ 2,628 ​ $ 893 ​ $ 10,440 ​ $ 544 ​ $ 164 ​ $ 25,099 ​ $ 39,768 ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,168 ​ $ — ​ $ 1,388 ​ $ 28 ​ $ — ​ $ — ​ $ 2,584 ​ Collectively evaluated for impairment ​ ​ 214,348 ​ ​ 61,302 ​ ​ 715,602 ​ ​ 40,648 ​ ​ 7,717 ​ ​ 396,722 ​ ​ 1,436,339 ​ Acquired loans - PCI ​ ​ 510 ​ ​ — ​ ​ 2,106 ​ ​ 29 ​ ​ 41 ​ ​ — ​ ​ 2,686 ​ Total loans ​ $ 216,026 ​ $ 61,302 ​ $ 719,096 ​ $ 40,705 ​ $ 7,758 ​ $ 396,722 ​ $ 1,441,609 ​ ​ ​ The following table presents, as of December 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 ​ $ 63 ​ $ — ​ $ 592 ​ $ — ​ $ — ​ $ — ​ $ 655 ​ Collectively evaluated for impairment ​ ​ 2,597 ​ ​ 856 ​ ​ 10,493 ​ ​ 593 ​ ​ 172 ​ ​ 24,791 ​ ​ 39,502 ​ Acquired loans - PCI ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Total allowance ​ $ 2,660 ​ $ 856 ​ $ 11,085 ​ $ 593 ​ $ 172 ​ $ 24,791 ​ $ 40,157 ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 1,585 ​ $ — ​ $ 3,513 ​ $ 110 ​ $ — ​ $ — ​ $ 5,208 ​ Collectively evaluated for impairment ​ ​ 214,614 ​ ​ 57,495 ​ ​ 711,464 ​ ​ 41,197 ​ ​ 8,233 ​ ​ 368,194 ​ ​ 1,401,197 ​ Acquired loans - PCI ​ ​ 817 ​ ​ — ​ ​ 2,753 ​ ​ 38 ​ ​ 47 ​ ​ — ​ ​ 3,655 ​ Total loans ​ $ 217,016 ​ $ 57,495 ​ $ 717,730 ​ $ 41,345 ​ $ 8,280 ​ $ 368,194 ​ $ 1,410,060 ​
Schedule of loans by credit quality indicators	​ Loans by credit quality indicators as of March 31, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ Substandard ​ ​ (Dollars in thousands) ​ Pass ​ Mention ​ Substandard ​ Nonaccrual ​ Total 1 Real estate – residential mortgage ​ $ 214,505 ​ $ 509 ​ $ 670 ​ $ 342 ​ $ 216,026 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ 46,206 ​ — ​ — ​ — ​ 46,206 ​ Consumer lot lending ​ 15,096 ​ — ​ — ​ — ​ 15,096 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 517,441 ​ 2,057 ​ 5,924 ​ — ​ 525,422 ​ Land acquisition and development lending ​ 37,062 ​ — ​ — ​ — ​ 37,062 ​ Builder line lending ​ 30,915 ​ — ​ — ​ — ​ 30,915 ​ Commercial business lending ​ 125,697 ​ — ​ — ​ — ​ 125,697 ​ Equity lines ​ 40,578 ​ 10 ​ 14 ​ 103 ​ 40,705 ​ Consumer ​ 7,756 ​ — ​ — ​ 2 ​ 7,758 ​ ​ ​ $ 1,035,256 ​ $ 2,576 ​ $ 6,608 ​ $ 447 ​ $ 1,044,887 ​ 1 At March 31, 2022, the Corporation did not have any loans classified as Doubtful or Loss. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ (Dollars in thousands) Performing Performing Total Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ $ 348,372 ​ $ 318 ​ $ 348,690 Marine and recreational vehicles ​ ​ 48,032 ​ ​ - ​ ​ 48,032 ​ ​ $ 396,404 ​ $ 318 ​ $ 396,722 ​ Loans by credit quality indicators as of December 31, 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ Substandard ​ ​ (Dollars in thousands) ​ Pass ​ Mention ​ Substandard ​ Nonaccrual ​ Total 1 Real estate – residential mortgage ​ $ 215,432 ​ $ 664 ​ $ 605 ​ $ 315 ​ $ 217,016 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ 39,252 ​ — ​ — ​ — ​ 39,252 ​ Consumer lot lending ​ 18,243 ​ — ​ — ​ — ​ 18,243 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 519,938 ​ 1,989 ​ 5,986 ​ — ​ 527,913 ​ Land acquisition and development lending ​ 27,609 ​ — ​ — ​ — ​ 27,609 ​ Builder line lending ​ 30,499 ​ — ​ — ​ — ​ 30,499 ​ Commercial business lending ​ 129,587 ​ — ​ — ​ 2,122 ​ 131,709 ​ Equity lines ​ 41,013 ​ 47 ​ 181 ​ 104 ​ 41,345 ​ Consumer ​ 8,276 ​ — ​ 1 ​ 3 ​ 8,280 ​ ​ ​ $ 1,029,849 ​ $ 2,700 ​ $ 6,773 ​ $ 2,544 ​ $ 1,041,866 ​ 1 At December 31, 2021, the Corporation did not have any loans classified as Doubtful or Loss. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ (Dollars in thousands) Performing Performing Total Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ $ 321,687 ​ $ 380 ​ $ 322,067 Marine and recreational vehicles ​ ​ 46,127 ​ ​ - ​ ​ 46,127 ​ ​ $ 367,814 ​ $ 380 ​ $ 368,194

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Other Intangible Assets
Schedule of gross carrying amounts and accumulated amortization of other intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, ​ ​ December 31, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ ​ Gross ​ ​ ​ ​ Gross ​ ​ ​ ​ ​ ​ Carrying ​ Accumulated ​ ​ Carrying ​ Accumulated (Dollars in thousands) ​ ​ Amount ​ Amortization ​ ​ Amount ​ Amortization Amortizable intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Core deposit intangibles ​ $ 1,711 ​ $ (360) ​ $ 1,711 ​ $ (325) Other amortizable intangibles ​ 1,405 ​ ​ (854) ​ ​ 1,405 ​ ​ (814) Total ​ $ 3,116 ​ $ (1,214) ​ $ 3,116 ​ $ (1,139)

Equity, Other Comprehensive I_2

Equity, Other Comprehensive Income (Loss) and Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2022
Equity, Other Comprehensive Income (Loss) and Earnings Per Share
Schedule of the components of accumulated other comprehensive loss, net of deferred taxes	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Defined Cash ​ ​ ​ ​ Available ​ Benefit ​ Flow ​ ​ (Dollars in thousands) ​ For Sale ​ Plan ​ Hedges ​ Total Accumulated other comprehensive income (loss) at December 31, 2021 ​ $ 437 ​ $ (2,055) ​ $ (469) ​ $ (2,087) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (loss) income arising during the period ​ (18,595) ​ — ​ 1,240 ​ (17,355) Related income tax effects ​ 3,905 ​ — ​ (319) ​ 3,586 ​ ​ ​ (14,690) ​ ​ — ​ ​ 921 ​ ​ (13,769) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassifications into net income ​ ​ — ​ ​ (8) ​ ​ (2) ​ ​ (10) Related income tax effects ​ ​ — ​ ​ 1 ​ ​ 1 ​ ​ 2 ​ ​ ​ — ​ ​ (7) ​ ​ (1) ​ ​ (8) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income, net of tax ​ ​ (14,690) ​ ​ (7) ​ ​ 920 ​ ​ (13,777) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive (loss) income at March 31, 2022 ​ $ (14,253) ​ $ (2,062) ​ $ 451 ​ $ (15,864) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Defined Cash ​ ​ ​ ​ Available ​ Benefit ​ Flow ​ ​ (Dollars in thousands) ​ For Sale ​ Plan ​ Hedges ​ Total Accumulated other comprehensive income (loss) at December 31, 2020 ​ $ 4,397 ​ $ (4,985) ​ $ (1,367) ​ $ (1,955) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (loss) income arising during the period ​ (2,971) ​ — ​ 990 ​ (1,981) Related income tax effects ​ 623 ​ — ​ (255) ​ 368 ​ ​ ​ (2,348) ​ ​ — ​ ​ 735 ​ ​ (1,613) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassifications into net income ​ ​ (32) ​ ​ 43 ​ ​ (2) ​ ​ 9 Related income tax effects ​ ​ 7 ​ ​ (9) ​ ​ 1 ​ ​ (1) ​ ​ ​ (25) ​ ​ 34 ​ ​ (1) ​ ​ 8 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income, net of tax ​ ​ (2,373) ​ ​ 34 ​ ​ 734 ​ ​ (1,605) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive income (loss) at March 31, 2021 ​ $ 2,024 ​ $ (4,951) ​ $ (633) ​ $ (3,560)
Schedule of reclassifications from accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, ​ Line Item In the (Dollars in thousands) 2022 2021 ​ Consolidated Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ Reclassification of net realized gains into net income ​ $ — ​ $ 32 ​ Net gains on sales, maturities and calls of available for sale securities Related income tax effects ​ ​ — ​ ​ (7) ​ Income tax expense ​ ​ ​ — ​ ​ 25 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ Defined benefit plan: 1 ​ ​ ​ ​ ​ ​ ​ ​ Reclassification of recognized net actuarial losses into net income ​ ​ (9) ​ ​ (60) ​ Noninterest expenses - Other Amortization of prior service credit into net income ​ ​ 17 ​ ​ 17 ​ Noninterest expenses - Other Related income tax effects ​ ​ (1) ​ ​ 9 ​ Income tax expense ​ ​ ​ 7 ​ ​ (34) ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ Csah flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ Amortization of hedging gains into net income ​ ​ 2 ​ ​ 2 ​ Interest expense - Trust preferred capital notes Related income tax effects ​ ​ (1) ​ ​ (1) ​ Income tax expense ​ ​ ​ 1 ​ ​ 1 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ Total reclassifications into net income ​ $ 8 ​ $ (8) ​ ​
Schedule of components earnings per share calculations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2022 2021 Net income attributable to C&F Financial Corporation ​ $ 5,629 ​ $ 7,061 ​ Weighted average shares outstanding — ​ 3,547,780 ​ 3,676,067 ​ ​

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2022
Employee Benefit Plans
Schedule of net periodic benefit costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2022 2021 Components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ Service cost, included in salaries and employee benefits ​ $ 479 ​ $ 487 ​ ​ ​ ​ ​ ​ ​ ​ ​ Other components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 124 ​ 116 ​ Expected return on plan assets ​ (418) ​ (440) ​ Amortization of prior service credit ​ (17) ​ (17) ​ Recognized net actuarial losses ​ 9 ​ 60 ​ Other components of net periodic benefit cost, included in other noninterest expense ​ ​ (302) ​ ​ (281) ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost ​ $ 177 ​ $ 206 ​

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value of Assets and Liabilities
Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ ​ 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. Treasury securities ​ $ — ​ $ 26,211 ​ $ — ​ $ 26,211 ​ U.S. government agencies and corporations ​ ​ — ​ ​ 72,479 ​ ​ — ​ ​ 72,479 ​ Mortgage-backed securities ​ — ​ 198,451 ​ — ​ 198,451 ​ Obligations of states and political subdivisions ​ — ​ 91,720 ​ — ​ 91,720 ​ Corporate and other debt securities ​ ​ — ​ ​ 26,671 ​ ​ — ​ ​ 26,671 ​ Total securities available for sale ​ — ​ 415,532 ​ — ​ 415,532 ​ Loans held for sale ​ — ​ 46,659 ​ — ​ 46,659 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ — ​ 1,767 ​ — ​ 1,767 ​ Interest rate swaps on loans ​ ​ — ​ ​ 1,554 ​ ​ — ​ ​ 1,554 ​ Cash flow hedges ​ — ​ 575 ​ — ​ 575 ​ Total assets ​ $ — ​ $ 466,087 ​ $ — ​ $ 466,087 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ $ — ​ $ 1,554 ​ $ — ​ $ 1,554 ​ Total liabilities ​ $ — ​ $ 1,554 ​ $ — ​ $ 1,554 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 ​ $ — ​ $ 68,285 ​ $ — ​ $ 68,285 ​ Mortgage-backed securities ​ — ​ 190,349 ​ — ​ 190,349 ​ Obligations of states and political subdivisions ​ — ​ 92,666 ​ — ​ 92,666 ​ Corporate and other debt securities ​ — ​ 21,773 ​ — ​ 21,773 ​ Total securities available for sale ​ — ​ 373,073 ​ — ​ 373,073 ​ Loans held for sale ​ — ​ 82,295 ​ — ​ 82,295 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ — ​ 1,523 ​ — ​ 1,523 ​ Interest rate swaps on loans ​ — ​ 3,467 ​ — ​ 3,467 ​ Total assets ​ $ — ​ $ 460,358 ​ $ — ​ $ 460,358 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ $ — ​ $ 3,467 ​ $ — ​ $ 3,467 ​ Cash flow hedges ​ ​ — ​ ​ 665 ​ ​ — ​ ​ 665 ​ Forward sales of TBA securities ​ ​ — ​ ​ 3 ​ ​ — ​ ​ 3 ​ Total liabilities ​ $ — ​ $ 4,135 ​ $ — ​ $ 4,135 ​
Schedule of carrying amounts and estimated fair values of financial instruments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Value Measurements at March 31, 2022 Classified as Total Fair (Dollars in thousands) ​ Value ​ Level 1 ​ Level 2 ​ Level 3 ​ Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and short-term investments ​ $ 270,928 ​ $ 268,938 ​ $ 1,468 ​ $ — ​ $ 270,406 ​ Securities available for sale ​ 415,532 ​ ​ — ​ 415,532 ​ ​ — ​ 415,532 ​ Loans, net ​ 1,401,841 ​ — ​ — ​ 1,405,244 ​ 1,405,244 ​ Loans held for sale ​ 46,659 ​ — ​ 46,659 ​ — ​ 46,659 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ ​ 1,767 ​ ​ — ​ ​ 1,767 ​ ​ — ​ ​ 1,767 ​ Interest rate swaps on loans ​ ​ 1,554 ​ ​ — ​ ​ 1,554 ​ ​ — ​ ​ 1,554 ​ Cash flow hedges ​ ​ 575 ​ ​ — ​ ​ 575 ​ ​ — ​ ​ 575 ​ Bank-owned life insurance ​ ​ 20,705 ​ ​ — ​ ​ 20,705 ​ ​ — ​ ​ 20,705 ​ Accrued interest receivable ​ 6,953 ​ 6,953 ​ — ​ — ​ 6,953 ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand and savings deposits ​ ​ 1,568,892 ​ ​ 1,568,892 ​ ​ — ​ ​ — ​ ​ 1,568,892 ​ Time deposits ​ 400,769 ​ — ​ 402,981 ​ — ​ 402,981 ​ Borrowings ​ 81,807 ​ — ​ 85,137 ​ — ​ 85,137 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ ​ 1,554 ​ ​ — ​ ​ 1,554 ​ ​ — ​ ​ 1,554 ​ Accrued interest payable ​ 434 ​ 434 ​ — ​ — ​ 434 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying Fair Value Measurements at December 31, 2021 Classified as Total Fair (Dollars in thousands) ​ Value ​ Level 1 ​ Level 2 ​ Level 3 ​ Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and short-term investments ​ $ 269,487 ​ $ 267,745 ​ $ 1,235 ​ $ — ​ $ 268,980 ​ Securities available for sale ​ 373,073 ​ ​ — ​ 373,073 ​ ​ — ​ 373,073 ​ Loans, net ​ 1,369,903 ​ — ​ — ​ 1,379,564 ​ 1,379,564 ​ Loans held for sale ​ 82,295 ​ — ​ 82,295 ​ — ​ 82,295 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ ​ 1,523 ​ ​ — ​ ​ 1,523 ​ ​ — ​ ​ 1,523 ​ Interest rate swaps on loans ​ ​ 3,467 ​ ​ — ​ ​ 3,467 ​ ​ — ​ ​ 3,467 ​ Bank-owned life insurance ​ ​ 20,597 ​ ​ — ​ ​ 20,597 ​ ​ — ​ ​ 20,597 ​ Accrued interest receivable ​ 6,810 ​ 6,810 ​ — ​ — ​ 6,810 ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand and savings deposits ​ ​ 1,488,893 ​ ​ 1,488,893 ​ ​ — ​ ​ — ​ ​ 1,488,893 ​ Time deposits ​ 425,721 ​ — ​ 428,462 ​ — ​ 428,462 ​ Borrowings ​ 84,115 ​ — ​ 89,609 ​ — ​ 89,609 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow hedges ​ 665 ​ ​ — ​ 665 ​ ​ — ​ 665 ​ Interest rate swaps on loans ​ ​ 3,467 ​ ​ — ​ ​ 3,467 ​ ​ — ​ ​ 3,467 ​ Forward sales of TBA securities ​ ​ 3 ​ ​ — ​ ​ 3 ​ ​ ​ ​ ​ 3 ​ Accrued interest payable ​ 715 ​ 715 ​ — ​ — ​ 715 ​

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2022
Business Segments
Schedule of segment reporting information, by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, 2022 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 15,038 ​ $ 488 ​ $ 9,578 ​ $ — ​ $ (2,873) ​ $ 22,231 ​ Interest expense ​ 1,173 ​ ​ 120 ​ 2,768 ​ 582 ​ (2,888) ​ 1,755 ​ Net interest income ​ 13,865 ​ 368 ​ 6,810 ​ (582) ​ 15 ​ 20,476 ​ Gain on sales of loans ​ ​ — ​ ​ 2,708 ​ ​ — ​ ​ — ​ ​ (13) ​ ​ 2,695 ​ Other noninterest income ​ ​ 3,924 ​ ​ 1,321 ​ ​ 66 ​ ​ (1,260) ​ ​ (17) ​ ​ 4,034 ​ Net revenue ​ 17,789 ​ 4,397 ​ 6,876 ​ (1,842) ​ (15) ​ 27,205 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ (700) ​ 22 ​ ​ 350 ​ ​ — ​ ​ — ​ (328) ​ Noninterest expense ​ 14,172 ​ 3,226 ​ ​ 3,694 ​ ​ (867) ​ ​ (14) ​ 20,211 ​ Income (loss) before taxes ​ 4,317 ​ 1,149 ​ 2,832 ​ (975) ​ (1) ​ 7,322 ​ Income tax expense (benefit) ​ 800 ​ 283 ​ ​ 770 ​ ​ (266) ​ — ​ 1,587 ​ Net income (loss) ​ $ 3,517 ​ $ 866 ​ $ 2,062 ​ $ (709) ​ $ (1) ​ $ 5,735 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 1,113 ​ $ 26 ​ $ 17 ​ $ — ​ $ — ​ $ 1,156 ​ Depreciation and amortization ​ $ 969 ​ $ 63 ​ $ 103 ​ $ — ​ $ — ​ $ 1,135 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ 3,687 ​ ​ 2,724 ​ ​ 112 ​ ​ 511 ​ ​ (17) ​ ​ 7,017 ​ Net revenue ​ 17,139 ​ 10,583 ​ 7,161 ​ (71) ​ (61) ​ 34,751 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ — ​ 30 ​ ​ 250 ​ ​ — ​ ​ — ​ 280 ​ Noninterest expense ​ 13,771 ​ 6,987 ​ ​ 3,448 ​ ​ 813 ​ ​ — ​ 25,019 ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated ​ Total assets at March 31, 2022 ​ $ 2,166,045 ​ $ 69,917 ​ $ 400,338 ​ $ 43,982 ​ $ (378,439) ​ $ 2,301,843 ​ Total assets at December 31, 2021 ​ $ 2,131,391 ​ $ 105,547 ​ $ 372,292 ​ $ 44,897 ​ $ (389,606) ​ $ 2,264,521 ​ ​

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2022
Derivative Financial Instruments
Schedule of key elements of derivative instruments other than forward sales of mortgage loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ March 31, 2022 ​ Notional ​ ​ (Dollars in thousands) ​ Amount ​ Assets ​ Liabilities ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap contracts ​ $ 25,000 ​ $ 575 ​ $ — ​ ​ Not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ Customer-related interest rate swap contracts: ​ ​ ​ ​ ​ ​ ​ ​ Matched interest rate swaps with borrower ​ 72,031 ​ 350 ​ 1,204 ​ ​ Matched interest rate swaps with counterparty ​ ​ 72,031 ​ ​ 1,204 ​ ​ 350 ​ ​ Mortgage banking contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ ​ 103,505 ​ ​ 1,767 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Notional ​ ​ ​ (Dollars in thousands) ​ Amount ​ Assets ​ Liabilities ​ ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap contracts ​ $ 25,000 ​ $ — ​ $ 665 ​ ​ Not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ Customer-related interest rate swap contracts: ​ ​ ​ ​ ​ ​ ​ ​ Matched interest rate swaps with borrower ​ 72,352 ​ 3,303 ​ 164 ​ ​ Matched interest rate swaps with counterparty ​ ​ 72,352 ​ ​ 164 ​ ​ 3,303 ​ ​ Mortgage banking contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ ​ 83,407 ​ ​ 1,523 ​ ​ — ​ ​ Forward sales of TBA securities ​ ​ 9,250 ​ — ​ 3 ​ ​

Other Noninterest Expenses (Tab

Other Noninterest Expenses (Tables)	3 Months Ended
	Mar. 31, 2022
Other Noninterest Expenses
Schedule of other noninterest expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended March 31, (Dollars in thousands) 2022 2021 Data processing fees ​ $ 2,601 ​ $ 2,903 Professional fees ​ ​ 752 ​ ​ 747 Mortgage banking loan processing expenses ​ ​ 502 ​ ​ 894 Marketing and advertising expenses ​ ​ 468 ​ ​ 345 Travel and educational expenses ​ 442 ​ 154 Telecommunication expenses ​ ​ 367 ​ ​ 374 Provision for indemnifications ​ ​ (583) ​ ​ 17 Other real estate (gain)/loss and expenses, net ​ ​ — ​ ​ (7) All other noninterest expenses ​ 1,597 ​ 1,619 Total other noninterest expenses ​ $ 6,146 ​ $ 7,046

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Nature of Operations and Business Combination (Details)	Mar. 31, 2022subsidiary
C&F Bank
Nature of Operations
Number of wholly owned subsidiaries	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 - Share-Based Compensation (Details) - Restricted Stock - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Share-based compensation
Compensation expense before tax	$ 511,000	$ 392,000
Compensation expense after tax	365,000	$ 287,000
Unrecognized compensation expense	$ 3,950,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Restricted Stock Activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Shares
Unvested, beginning of period (in shares)	140,577
Unvested, end of period (in shares)	140,037
Restricted Stock
Shares
Unvested, beginning of period (in shares)	140,577	155,945
Granted (in shares)	15,930	18,975
Vested (in shares)	(14,270)	(16,105)
Forfeited (in shares)	(2,200)	(1,750)
Unvested, end of period (in shares)	140,037	157,065
Weighted-Average Grant Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 48.57	$ 48.52
Granted (in dollars per share)	50.57	43.70
Vested (in dollars per share)	51.24	43.05
Forfeited (in dollars per share)	48.11	45.50
Nonvested, end of period (in dollars per share)	$ 48.57	$ 48.53

Securities - Available for sale

Securities - Available for sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 433,574	$ 372,520
Gross Unrealized Gains	594	3,494
Gross Unrealized Losses	(18,636)	(2,941)
Fair Value	415,532	373,073
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	26,730
Gross Unrealized Losses	(519)
Fair Value	26,211
U.S. government agencies and corporations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	78,291	69,583
Gross Unrealized Gains		41
Gross Unrealized Losses	(5,812)	(1,339)
Fair Value	72,479	68,285
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	207,179	189,985
Gross Unrealized Gains	111	1,565
Gross Unrealized Losses	(8,839)	(1,201)
Fair Value	198,451	190,349
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	94,312	91,304
Gross Unrealized Gains	350	1,642
Gross Unrealized Losses	(2,942)	(280)
Fair Value	91,720	92,666
Corporate and other debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	27,062	21,648
Gross Unrealized Gains	133	246
Gross Unrealized Losses	(524)	(121)
Fair Value	$ 26,671	$ 21,773

Securities - Maturities and Rea

Securities - Maturities and Realized Gains and Losses (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)item	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Amortized Cost
Due in one year or less	$ 56,457
Due after one year through five years	278,190
Due after five years through ten years	94,042
Due after ten years	4,885
Amortized Cost	433,574		$ 372,520
Fair Value
Due in one year or less	53,744
Due after one year through five years	268,883
Due after five years through ten years	88,462
Due after ten years	4,443
Fair Value	$ 415,532		$ 373,073
Realized Gains and Losses
Number of securities sales | item	0
Proceeds from sales of securities		$ 2,300
Gross realized gains		32
Net realized gains		32
Proceeds from sales, maturities, calls and paydowns of securities	$ 14,629	$ 33,712

Securities - Pledged as Collate

Securities - Pledged as Collateral (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Available for sale securities
Amortized Cost	$ 433,574	$ 372,520
Fair Value	415,532	373,073
Securities Pledged as Collateral
Available for sale securities
Amortized Cost	185,480	185,250
Fair Value	$ 177,400	$ 186,220

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Details)	3 Months Ended
	Mar. 31, 2022USD ($)security	Dec. 31, 2021USD ($)
Fair value
Less Than 12 Months, Fair Value	$ 287,171,000	$ 198,937,000
12 Months or More, Fair Value	63,115,000	18,485,000
Total Fair Value	350,286,000	217,422,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	13,116,000	2,417,000
12 Months or More, Unrealized Loss	5,520,000	524,000
Total Unrealized Loss	$ 18,636,000	2,941,000
Other information
Number of positions considered temporarily impaired | security	390
Number of position significant relative to carrying value	0
Debt securities considered temporarily impaired	$ 350,286,000	217,422,000
Other than temporary impairment	0
U.S. Treasury securities
Fair value
Less Than 12 Months, Fair Value	24,200,000
Total Fair Value	24,200,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	519,000
Total Unrealized Loss	519,000
Other information
Debt securities considered temporarily impaired	24,200,000
U.S. government agencies and corporations
Fair value
Less Than 12 Months, Fair Value	41,083,000	46,561,000
12 Months or More, Fair Value	29,078,000	10,604,000
Total Fair Value	70,161,000	57,165,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	2,599,000	945,000
12 Months or More, Unrealized Loss	3,213,000	394,000
Total Unrealized Loss	5,812,000	1,339,000
Other information
Debt securities considered temporarily impaired	70,161,000	57,165,000
Mortgage-backed securities
Fair value
Less Than 12 Months, Fair Value	151,040,000	126,873,000
12 Months or More, Fair Value	26,199,000	5,178,000
Total Fair Value	177,239,000	132,051,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	7,102,000	1,127,000
12 Months or More, Unrealized Loss	1,737,000	74,000
Total Unrealized Loss	8,839,000	1,201,000
Other information
Debt securities considered temporarily impaired	177,239,000	132,051,000
Obligations of states and political subdivisions
Fair value
Less Than 12 Months, Fair Value	54,328,000	16,578,000
12 Months or More, Fair Value	6,875,000	2,703,000
Total Fair Value	61,203,000	19,281,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	2,408,000	224,000
12 Months or More, Unrealized Loss	534,000	56,000
Total Unrealized Loss	2,942,000	280,000
Other information
Debt securities considered temporarily impaired	61,203,000	19,281,000
Corporate and other debt securities
Fair value
Less Than 12 Months, Fair Value	16,520,000	8,925,000
12 Months or More, Fair Value	963,000
Total Fair Value	17,483,000	8,925,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	488,000	121,000
12 Months or More, Unrealized Loss	36,000
Total Unrealized Loss	524,000	121,000
Other information
Debt securities considered temporarily impaired	$ 17,483,000	$ 8,925,000

Securities - Restricted Stocks

Securities - Restricted Stocks and others (Details)	3 Months Ended
	Mar. 31, 2022USD ($)
Securities
Investment in restricted stock	$ 1,120,000
Restricted stocks, other-than-temporary impairment	$ 0

Loans - Major Classifications o

Loans - Major Classifications of Loans (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans
Loans	$ 1,441,609	$ 1,410,060
Less allowance for loan losses	(39,768)	(40,157)
Loans, net	1,401,841	1,369,903
Real Estate Residential Mortgage
Loans
Loans	216,026	217,016
Real Estate Construction
Loans
Loans	61,302	57,495
Commercial, Financial & Agricultural
Loans
Loans	719,096	717,730
Equity lines
Loans
Loans	40,705	41,345
Consumer
Loans
Loans	7,758	8,280
Amount included related to demand deposit overdrafts	235	207
Consumer Finance
Loans
Loans	$ 396,722	$ 368,194

Loans - Loans Acquired (Details

Loans - Loans Acquired (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans
Outstanding principal balance	$ 60,011	$ 66,212
Carrying amount
Total acquired loans	54,624	60,453
Real Estate Residential Mortgage
Carrying amount
Total acquired loans	10,791	10,814
Real Estate Construction
Carrying amount
Total acquired loans		1,356
Commercial, Financial & Agricultural
Carrying amount
Total acquired loans	36,341	40,066
Equity lines
Carrying amount
Total acquired loans	6,339	6,957
Consumer
Carrying amount
Total acquired loans	1,153	1,260
PCI Loans
Loans
Outstanding principal balance	7,098	8,350
Carrying amount
Total acquired loans	2,686	3,655
PCI Loans | Real Estate Residential Mortgage
Carrying amount
Total acquired loans	510	817
PCI Loans | Commercial, Financial & Agricultural
Carrying amount
Total acquired loans	2,106	2,753
PCI Loans | Equity lines
Carrying amount
Total acquired loans	29	38
PCI Loans | Consumer
Carrying amount
Total acquired loans	41	47
Purchased Performing
Loans
Outstanding principal balance	52,913	57,862
Carrying amount
Total acquired loans	51,938	56,798
Purchased Performing | Real Estate Residential Mortgage
Carrying amount
Total acquired loans	10,281	9,997
Purchased Performing | Real Estate Construction
Carrying amount
Total acquired loans		1,356
Purchased Performing | Commercial, Financial & Agricultural
Carrying amount
Total acquired loans	34,235	37,313
Purchased Performing | Equity lines
Carrying amount
Total acquired loans	6,310	6,919
Purchased Performing | Consumer
Carrying amount
Total acquired loans	$ 1,112	$ 1,213

Loans - Change in Accretable Yi

Loans - Change in Accretable Yield (Details) - PCI Loans - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Change in the accretable yield
Accretable yield, balance at beginning of period	$ 3,111	$ 4,048
Accretion	(363)	(517)
Reclassification of nonaccreatable difference due to improvement in expected cash flows	378	456
Other changes, net	(69)	(69)
Accretable yield, balance at end of period	$ 3,057	$ 3,918

Loans - Loans on Nonaccrual Sta

Loans - Loans on Nonaccrual Status (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Loans on nonaccrual status
Loans on nonaccrual status	$ 765	$ 2,924
Automobiles
Loans on nonaccrual status
Loans on nonaccrual status	318	380
Real Estate Residential Mortgage
Loans on nonaccrual status
Loans on nonaccrual status	342	315
Commercial, Financial & Agricultural | Commercial business lending
Loans on nonaccrual status
Loans on nonaccrual status		2,122
Equity lines
Loans on nonaccrual status
Loans on nonaccrual status	103	104
Consumer
Loans on nonaccrual status
Loans on nonaccrual status	$ 2	$ 3

Loans - Past Due Status (Detail

Loans - Past Due Status (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021
Past due status of loans
Total loans	$ 1,441,609	$ 1,410,060
90+ days past due and accruing		178
Current, nonaccrual status	118,000,000	2,240
Nonaccrual loans, 90+ days past due	647	680
PCI
Past due status of loans
Total loans	2,686	3,655
30-59 Days Past Due
Past due status of loans
Total loans	6,799	7,589
60-89 Days Past Due
Past due status of loans
Total loans	791	1,403
90+ Days Past Due
Past due status of loans
Total loans	647	858
Total Past Due
Past due status of loans
Total loans	8,237	9,850
Current
Past due status of loans
Total loans	1,430,686	1,396,555
Real Estate Residential Mortgage
Past due status of loans
Total loans	216,026	217,016
90+ days past due and accruing		129
Recorded Investment			$ 4,000
Real Estate Residential Mortgage | PCI
Past due status of loans
Total loans	510	817
Real Estate Residential Mortgage | 30-59 Days Past Due
Past due status of loans
Total loans	617	963
Real Estate Residential Mortgage | 60-89 Days Past Due
Past due status of loans
Total loans		325
Real Estate Residential Mortgage | 90+ Days Past Due
Past due status of loans
Total loans	329	429
Real Estate Residential Mortgage | Total Past Due
Past due status of loans
Total loans	946	1,717
Real Estate Residential Mortgage | Current
Past due status of loans
Total loans	214,570	214,482
Real Estate Construction
Past due status of loans
Total loans	61,302	57,495
Commercial, Financial & Agricultural
Past due status of loans
Total loans	719,096	717,730
Equity lines
Past due status of loans
Total loans	40,705	41,345
90+ days past due and accruing		49
Equity lines | PCI
Past due status of loans
Total loans	29	38
Equity lines | 30-59 Days Past Due
Past due status of loans
Total loans	13	55
Equity lines | 60-89 Days Past Due
Past due status of loans
Total loans		31
Equity lines | 90+ Days Past Due
Past due status of loans
Total loans		49
Equity lines | Total Past Due
Past due status of loans
Total loans	13	135
Equity lines | Current
Past due status of loans
Total loans	40,663	41,172
Consumer
Past due status of loans
Total loans	7,758	8,280
Consumer | PCI
Past due status of loans
Total loans	41	47
Consumer | 30-59 Days Past Due
Past due status of loans
Total loans	1	12
Consumer | Total Past Due
Past due status of loans
Total loans	1	12
Consumer | Current
Past due status of loans
Total loans	7,716	8,221
Consumer Finance
Past due status of loans
Total loans	396,722	368,194
Construction lending | Real Estate Construction
Past due status of loans
Total loans	46,206	39,252
Construction lending | Real Estate Construction | Current
Past due status of loans
Total loans	46,206	39,252
Consumer lot lending | Real Estate Construction
Past due status of loans
Total loans	15,096	18,243
Consumer lot lending | Real Estate Construction | 30-59 Days Past Due
Past due status of loans
Total loans	235
Consumer lot lending | Real Estate Construction | 60-89 Days Past Due
Past due status of loans
Total loans	14
Consumer lot lending | Real Estate Construction | Total Past Due
Past due status of loans
Total loans	249
Consumer lot lending | Real Estate Construction | Current
Past due status of loans
Total loans	14,847	18,243
Commercial real estate lending | Commercial, Financial & Agricultural
Past due status of loans
Total loans	525,422	527,913
Commercial real estate lending | Commercial, Financial & Agricultural | PCI
Past due status of loans
Total loans	2,106	2,753
Commercial real estate lending | Commercial, Financial & Agricultural | 30-59 Days Past Due
Past due status of loans
Total loans	231
Commercial real estate lending | Commercial, Financial & Agricultural | 60-89 Days Past Due
Past due status of loans
Total loans		39
Commercial real estate lending | Commercial, Financial & Agricultural | Total Past Due
Past due status of loans
Total loans	231	39
Commercial real estate lending | Commercial, Financial & Agricultural | Current
Past due status of loans
Total loans	523,085	525,121
Land acquisition & development lending | Commercial, Financial & Agricultural
Past due status of loans
Total loans	37,062	27,609
Land acquisition & development lending | Commercial, Financial & Agricultural | Current
Past due status of loans
Total loans	37,062	27,609
Builder line lending | Commercial, Financial & Agricultural
Past due status of loans
Total loans	30,915	30,499
Builder line lending | Commercial, Financial & Agricultural | Current
Past due status of loans
Total loans	30,915	30,499
Commercial business lending | Commercial, Financial & Agricultural
Past due status of loans
Total loans	125,697	131,709
Commercial business lending | Commercial, Financial & Agricultural | 30-59 Days Past Due
Past due status of loans
Total loans	33	8
Commercial business lending | Commercial, Financial & Agricultural | Total Past Due
Past due status of loans
Total loans	33	8
Commercial business lending | Commercial, Financial & Agricultural | Current
Past due status of loans
Total loans	125,664	131,701
Automobiles | Consumer Finance
Past due status of loans
Total loans	348,690	322,067
Automobiles | Consumer Finance | 30-59 Days Past Due
Past due status of loans
Total loans	5,588	6,519
Automobiles | Consumer Finance | 60-89 Days Past Due
Past due status of loans
Total loans	777	1,008
Automobiles | Consumer Finance | 90+ Days Past Due
Past due status of loans
Total loans	318	380
Automobiles | Consumer Finance | Total Past Due
Past due status of loans
Total loans	6,683	7,907
Automobiles | Consumer Finance | Current
Past due status of loans
Total loans	342,007	314,160
Marine and recreational vehicles | Consumer Finance
Past due status of loans
Total loans	48,032	46,127
Marine and recreational vehicles | Consumer Finance | 30-59 Days Past Due
Past due status of loans
Total loans	81	32
Marine and recreational vehicles | Consumer Finance | Total Past Due
Past due status of loans
Total loans	81	32
Marine and recreational vehicles | Consumer Finance | Current
Past due status of loans
Total loans	$ 47,951	$ 46,095

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructurings (Details)	3 Months Ended
	Mar. 31, 2022USD ($)loan	Mar. 31, 2021USD ($)loan
Loan modifications classified as troubled debt restructurings
Number of Loans	0
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
Real Estate Residential Mortgage
Loan modifications classified as troubled debt restructurings
Number of Loans		1

Loans - Impaired Loans (Details

Loans - Impaired Loans (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Impaired loans
Impaired loans, troubled debt restructurings	$ 2,180	$ 2,690
Impaired loans, Unpaid Principal Balance	2,685	5,430
Impaired loans, Recorded Investment in Loans without Specific Reserve	467	660
Impaired loans, Recorded Investment in Loans with Specific Reserve	2,117	4,548,000
Impaired loans, Related Allowance	142	655
Impaired loans, Average Balance	2,534	5,329
Impaired loans, Interest Income Recognized	31	140
Real Estate Residential Mortgage
Impaired loans
Impaired loans, Unpaid Principal Balance	1,270	1,689
Impaired loans, Recorded Investment in Loans without Specific Reserve	439	550
Impaired loans, Recorded Investment in Loans with Specific Reserve	729	1,035,000
Impaired loans, Related Allowance	52	63
Impaired loans, Average Balance	1,118	1,560
Impaired loans, Interest Income Recognized	14	64
Commercial, Financial & Agricultural | Commercial real estate lending
Impaired loans
Impaired loans, Unpaid Principal Balance	1,387	1,389
Impaired loans, Recorded Investment in Loans with Specific Reserve	1,388	1,390,000
Impaired loans, Related Allowance	90	103
Impaired loans, Average Balance	1,388	1,393
Impaired loans, Interest Income Recognized	17	72
Commercial, Financial & Agricultural | Commercial business lending
Impaired loans
Impaired loans, Unpaid Principal Balance		2,234
Impaired loans, Recorded Investment in Loans with Specific Reserve		2,123,000
Impaired loans, Related Allowance		489
Impaired loans, Average Balance		2,257
Equity lines
Impaired loans
Impaired loans, Unpaid Principal Balance	28	118
Impaired loans, Recorded Investment in Loans without Specific Reserve	28	110
Impaired loans, Average Balance	$ 28	119
Impaired loans, Interest Income Recognized		$ 4

Allowance for Loan Losses - Cha

Allowance for Loan Losses - Change in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Allowance balance attributable to loans:
Balance at the beginning of period	$ 40,157	$ 39,156
Provision charged to operations	(328)	280
Loans charged off	(1,372)	(1,696)
Recoveries of loans previously charged off	1,311	1,293
Balance at the end of period	39,768	39,033
Real Estate Residential Mortgage
Allowance balance attributable to loans:
Balance at the beginning of period	2,660	2,914
Provision charged to operations	(38)	(28)
Recoveries of loans previously charged off	6	7
Balance at the end of period	2,628	2,893
Real Estate Construction
Allowance balance attributable to loans:
Balance at the beginning of period	856	975
Provision charged to operations	37	(153)
Balance at the end of period	893	822
Commercial, Financial & Agricultural
Allowance balance attributable to loans:
Balance at the beginning of period	11,085	10,696
Provision charged to operations	(636)	311
Loans charged off	(11)
Recoveries of loans previously charged off	2
Balance at the end of period	10,440	11,007
Equity lines
Allowance balance attributable to loans:
Balance at the beginning of period	593	687
Provision charged to operations	(49)	(16)
Balance at the end of period	544	671
Consumer
Allowance balance attributable to loans:
Balance at the beginning of period	172	371
Provision charged to operations	8	(84)
Loans charged off	(48)	(45)
Recoveries of loans previously charged off	32	35
Balance at the end of period	164	277
Consumer Finance
Allowance balance attributable to loans:
Balance at the beginning of period	24,791	23,513
Provision charged to operations	350	250
Loans charged off	(1,313)	(1,651)
Recoveries of loans previously charged off	1,271	1,251
Balance at the end of period	$ 25,099	$ 23,363

Allowance for Loan Losses - All

Allowance for Loan Losses - Allowance and Loans by Impairment Methodology (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2020
Allowance balance attributable to loans:
Individually evaluated for impairment	$ 142	$ 655
Collectively evaluated for impairment	39,626	39,502
Total allowance	39,768	40,157	$ 39,033	$ 39,156
Loans:
Individually evaluated for impairment	2,584	5,208
Collectively evaluated for impairment	1,436,339	1,401,197
Acquired loans - PCI	2,686	3,655
Total Loans	1,441,609	1,410,060
Real Estate Residential Mortgage
Allowance balance attributable to loans:
Individually evaluated for impairment	52	63
Collectively evaluated for impairment	2,576	2,597
Total allowance	2,628	2,660	2,893	2,914
Loans:
Individually evaluated for impairment	1,168	1,585
Collectively evaluated for impairment	214,348	214,614
Acquired loans - PCI	510	817
Total Loans	216,026	217,016
Real Estate Construction
Allowance balance attributable to loans:
Collectively evaluated for impairment	893	856
Total allowance	893	856	822	975
Loans:
Collectively evaluated for impairment	61,302	57,495
Total Loans	61,302	57,495
Commercial, Financial & Agricultural
Allowance balance attributable to loans:
Individually evaluated for impairment	90	592
Collectively evaluated for impairment	10,350	10,493
Total allowance	10,440	11,085	11,007	10,696
Loans:
Individually evaluated for impairment	1,388	3,513
Collectively evaluated for impairment	715,602	711,464
Acquired loans - PCI	2,106	2,753
Total Loans	719,096	717,730
Equity lines
Allowance balance attributable to loans:
Collectively evaluated for impairment	544	593
Total allowance	544	593	671	687
Loans:
Individually evaluated for impairment	28	110
Collectively evaluated for impairment	40,648	41,197
Acquired loans - PCI	29	38
Total Loans	40,705	41,345
Consumer
Allowance balance attributable to loans:
Collectively evaluated for impairment	164	172
Total allowance	164	172	277	371
Loans:
Collectively evaluated for impairment	7,717	8,233
Acquired loans - PCI	41	47
Total Loans	7,758	8,280
Consumer Finance
Allowance balance attributable to loans:
Collectively evaluated for impairment	25,099	24,791
Total allowance	25,099	24,791	$ 23,363	$ 23,513
Loans:
Collectively evaluated for impairment	396,722	368,194
Total Loans	$ 396,722	$ 368,194

Allowance for Loan Losses - Cre

Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Allowance for loan losses
Loans, excluding consumer finance	$ 1,044,887	$ 1,041,866
Pass
Allowance for loan losses
Loans, excluding consumer finance	1,035,256	1,029,849
Special Mention
Allowance for loan losses
Loans, excluding consumer finance	2,576	2,700
Substandard
Allowance for loan losses
Loans, excluding consumer finance	6,608	6,773
Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	447	2,544
Doubtful
Allowance for loan losses
Loans, excluding consumer finance	0	0
Real Estate Residential Mortgage
Allowance for loan losses
Loans, excluding consumer finance	216,026	217,016
Real Estate Residential Mortgage | Pass
Allowance for loan losses
Loans, excluding consumer finance	214,505	215,432
Real Estate Residential Mortgage | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	509	664
Real Estate Residential Mortgage | Substandard
Allowance for loan losses
Loans, excluding consumer finance	670	605
Real Estate Residential Mortgage | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	342	315
Real Estate Construction | Construction lending
Allowance for loan losses
Loans, excluding consumer finance	46,206	39,252
Real Estate Construction | Construction lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	46,206	39,252
Real Estate Construction | Consumer lot lending
Allowance for loan losses
Loans, excluding consumer finance	15,096	18,243
Real Estate Construction | Consumer lot lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	15,096	18,243
Commercial, Financial & Agricultural | Commercial real estate lending
Allowance for loan losses
Loans, excluding consumer finance	525,422	527,913
Commercial, Financial & Agricultural | Commercial real estate lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	517,441	519,938
Commercial, Financial & Agricultural | Commercial real estate lending | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	2,057	1,989
Commercial, Financial & Agricultural | Commercial real estate lending | Substandard
Allowance for loan losses
Loans, excluding consumer finance	5,924	5,986
Commercial, Financial & Agricultural | Land acquisition & development lending
Allowance for loan losses
Loans, excluding consumer finance	37,062	27,609
Commercial, Financial & Agricultural | Land acquisition & development lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	37,062	27,609
Commercial, Financial & Agricultural | Builder line lending
Allowance for loan losses
Loans, excluding consumer finance	30,915	30,499
Commercial, Financial & Agricultural | Builder line lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	30,915	30,499
Commercial, Financial & Agricultural | Commercial business lending
Allowance for loan losses
Loans, excluding consumer finance	125,697	131,709
Commercial, Financial & Agricultural | Commercial business lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	125,697	129,587
Commercial, Financial & Agricultural | Commercial business lending | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance		2,122
Equity lines
Allowance for loan losses
Loans, excluding consumer finance	40,705	41,345
Equity lines | Pass
Allowance for loan losses
Loans, excluding consumer finance	40,578	41,013
Equity lines | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	10	47
Equity lines | Substandard
Allowance for loan losses
Loans, excluding consumer finance	14	181
Equity lines | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	103	104
Consumer
Allowance for loan losses
Loans, excluding consumer finance	7,758	8,280
Consumer | Pass
Allowance for loan losses
Loans, excluding consumer finance	7,756	8,276
Consumer | Substandard
Allowance for loan losses
Loans, excluding consumer finance		1
Consumer | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	$ 2	$ 3

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loans by Credit Quality Indicators - Performing and Non-Performing (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Allowance for loan losses
Loans	$ 1,441,609	$ 1,410,060
Consumer Finance
Allowance for loan losses
Loans	396,722	368,194
Consumer Finance | Performing
Allowance for loan losses
Loans	396,404	367,814
Consumer Finance | Non-performing
Allowance for loan losses
Loans	318	380
Consumer Finance | Automobiles
Allowance for loan losses
Loans	348,690	322,067
Consumer Finance | Automobiles | Performing
Allowance for loan losses
Loans	348,372	321,687
Consumer Finance | Automobiles | Non-performing
Allowance for loan losses
Loans	318	380
Consumer Finance | Marine and recreational vehicles
Allowance for loan losses
Loans	48,032	46,127
Consumer Finance | Marine and recreational vehicles | Performing
Allowance for loan losses
Loans	$ 48,032	$ 46,127

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)
Goodwill and Other Intangible Assets
Goodwill	$ 25,191
Changes in the recorded balance of goodwill	0
Changes in goodwill, by reporting unit
Balance as of the beginning of the period	25,191
Acquisition of Peoples Bankshares, Incorporated	0
Balance at the end of the period	$ 25,191

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Other intangible assets
Other intangible assets, net	$ 1,902	$ 1,977
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	3,116	3,116
Accumulated Amortization	(1,214)	(1,139)
Core deposit intangible
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,711	1,711
Accumulated Amortization	(360)	(325)
Other amortizable intangibles
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,405	1,405
Accumulated Amortization	$ (854)	$ (814)

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Amortization (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Goodwill and Other Intangible Assets
Amortization of intangible assets	$ 75,000	$ 78,000
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
Finite-Lived Intangible Assets, Net	$ 1,902,000		$ 1,977,000

Equity, Other Comprehensive I_3

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Equity and Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 01, 2021
Shareholders' Equity
Number of shares withheld from employees to satisfy tax withholding obligations	4,434	5,633
Share Repurchase Program 2021
Shareholders' Equity
Number of shares authorized to be repurchased			10,000,000
Shares repurchased (in shares)	9,717
Cost of shares repurchased	$ 493,000	$ 0

Equity, Other Comprehensive I_4

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Changes in Accumulated Other Comprehensive Loss, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Balance, beginning of the period	$ 211,024	$ 194,471
Other comprehensive loss, net of tax	(13,777)	(1,605)
Balance, end of period	201,278	198,692
Accumulated Other Comprehensive Loss, Net
Balance, beginning of the period	(2,087)	(1,955)
Net (loss) income arising during the period	(17,355)	(1,981)
Related income tax effects	3,586	368
Net (loss) income arising during the period, net of tax	(13,769)	(1,613)
Reclassifications into net income	(10)	9
Related income tax effects	2	(1)
Reclassifications into net income, net of tax	(8)	8
Other comprehensive loss, net of tax	(13,777)	(1,605)
Balance, end of period	(15,864)	(3,560)
Securities Available For Sale
Balance, beginning of the period	437	4,397
Net (loss) income arising during the period	(18,595)	(2,971)
Related income tax effects	3,905	623
Net (loss) income arising during the period, net of tax	(14,690)	(2,348)
Reclassifications into net income		(32)
Related income tax effects		7
Reclassifications into net income, net of tax		(25)
Other comprehensive loss, net of tax	(14,690)	(2,373)
Balance, end of period	(14,253)	2,024
Defined Benefit Plan
Balance, beginning of the period	(2,055)	(4,985)
Reclassifications into net income	(8)	43
Related income tax effects	1	(9)
Reclassifications into net income, net of tax	(7)	34
Other comprehensive loss, net of tax	(7)	34
Balance, end of period	(2,062)	(4,951)
Cash Flow Hedges
Balance, beginning of the period	(469)	(1,367)
Net (loss) income arising during the period	1,240	990
Related income tax effects	(319)	(255)
Net (loss) income arising during the period, net of tax	921	735
Reclassifications into net income	(2)	(2)
Related income tax effects	1	1
Reclassifications into net income, net of tax	(1)	(1)
Other comprehensive loss, net of tax	920	734
Balance, end of period	$ 451	$ (633)

Equity, Other Comprehensive I_5

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Reclassification of Accumulated Other Comprehensive Loss, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Net gains on calls of available for sale securities		$ 32
Noninterest expenses - Other	$ 6,146	7,046
Interest expense - Trust preferred capital notes	284	284
Income tax expense	1,587	2,287
Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	8	(8)
Securities Available For Sale | Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income		25
Reclassification of net realized gains into net income | Reclassifications from accumulated other comprehensive loss into net income
Net gains on calls of available for sale securities		32
Related income tax effects | Reclassifications from accumulated other comprehensive loss into net income
Income tax expense		(7)
Defined Benefit Plan | Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	7	(34)
Reclassification of recognized net acuarial losses into net income | Reclassifications from accumulated other comprehensive loss into net income
Noninterest expenses - Other	(9)	(60)
Amortization of prior service credit into net income | Reclassifications from accumulated other comprehensive loss into net income
Noninterest expenses - Other	17	17
Related income tax effects. | Reclassifications from accumulated other comprehensive loss into net income
Income tax expense	(1)	9
Cash Flow Hedges | Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	1	1
Amortization of hedging gains into net income | Reclassifications from accumulated other comprehensive loss into net income
Interest expense - Trust preferred capital notes	2	2
Related income tax effects, | Reclassifications from accumulated other comprehensive loss into net income
Income tax expense	$ (1)	$ (1)

Equity, Other Comprehensive I_6

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Earnings Per Share (EPS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Components of earnings per share calculations
Net income attributable to C&F Financial Corporation	$ 5,629	$ 7,061
Weighted average shares outstanding-basic	3,547,780	3,676,067
Weighted average shares outstanding-diluted	3,547,780	3,676,067

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other components of net periodic benefit cost:
Net periodic benefit cost	$ 177	$ 206
Cash Balance Plan | C&F Bank
Components of net periodic benefit cost
Service cost, included in salaries and employee benefits	479	487
Other components of net periodic benefit cost:
Interest cost	124	116
Expected return on plan assets	(418)	(440)
Amortization of prior service credit	(17)	(17)
Recognized net actuarial losses	9	60
Other components of net periodic benefit cost, included in other noninterest expense	(302)	(281)
Net periodic benefit cost	$ 177	$ 206

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Investments in small business investment company funds (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Fair Value of Assets and Liabilities
Fair value of investment in small business investment companies	$ 2,500,000		$ 1,470,000
Unrealized gains or losses	$ 24,000	$ 45,000

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, 2022	Dec. 31, 2021
Securities available for sale
Securities available for sale	$ 415,532	$ 373,073
Interest rate swaps on loans | Cash flow hedges
Securities available for sale
Derivatives	575
Liabilities:
Derivatives		665
Recurring
Securities available for sale
Securities available for sale	415,532	373,073
Loans held for sale	46,659	82,295
Total assets	466,087	460,358
Liabilities:
Total liabilities	1,554	4,135
Recurring | Cash flow hedges
Securities available for sale
Derivatives	575
Liabilities:
Derivatives		665
Recurring | IRLC
Securities available for sale
Derivatives	1,767	1,523
Recurring | Interest rate swaps on loans
Securities available for sale
Derivatives	1,554	3,467
Liabilities:
Derivatives	1,554	3,467
Recurring | Forward sales of TBA securities
Liabilities:
Derivatives		3
Level 2 | Recurring
Securities available for sale
Securities available for sale	415,532	373,073
Loans held for sale	46,659	82,295
Total assets	466,087	460,358
Liabilities:
Total liabilities	1,554	4,135
Level 2 | Recurring | Cash flow hedges
Securities available for sale
Derivatives	575
Liabilities:
Derivatives		665
Level 2 | Recurring | IRLC
Securities available for sale
Derivatives	1,767	1,523
Level 2 | Recurring | Interest rate swaps on loans
Securities available for sale
Derivatives	1,554	3,467
Liabilities:
Derivatives	1,554	3,467
Level 2 | Recurring | Forward sales of TBA securities
Liabilities:
Derivatives		3
U.S. Treasury securities
Securities available for sale
Securities available for sale	26,211
U.S. Treasury securities | Recurring
Securities available for sale
Securities available for sale	26,211
U.S. Treasury securities | Level 2 | Recurring
Securities available for sale
Securities available for sale	26,211
U.S. government agencies and corporations
Securities available for sale
Securities available for sale	72,479	68,285
U.S. government agencies and corporations | Recurring
Securities available for sale
Securities available for sale	72,479	68,285
U.S. government agencies and corporations | Level 2 | Recurring
Securities available for sale
Securities available for sale	72,479	68,285
Mortgage-backed securities
Securities available for sale
Securities available for sale	198,451	190,349
Mortgage-backed securities | Recurring
Securities available for sale
Securities available for sale	198,451	190,349
Mortgage-backed securities | Level 2 | Recurring
Securities available for sale
Securities available for sale	198,451	190,349
Obligations of states and political subdivisions
Securities available for sale
Securities available for sale	91,720	92,666
Obligations of states and political subdivisions | Recurring
Securities available for sale
Securities available for sale	91,720	92,666
Obligations of states and political subdivisions | Level 2 | Recurring
Securities available for sale
Securities available for sale	91,720	92,666
Corporate and other debt securities
Securities available for sale
Securities available for sale	26,671	21,773
Corporate and other debt securities | Recurring
Securities available for sale
Securities available for sale	26,671	21,773
Corporate and other debt securities | Level 2 | Recurring
Securities available for sale
Securities available for sale	$ 26,671	$ 21,773

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities - Financial Assets Measured at Fair Value on Non-Recurring Basis (Details) - Nonrecurring - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Impaired loans, net
Fair value assets and liabilities - Nonrecurring Basis
Total assets measured at fair value	$ 0	$ 0
Other real estate owned, net
Fair value assets and liabilities - Nonrecurring Basis
Total assets measured at fair value	$ 0	$ 0

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, 2022	Dec. 31, 2021
Assets:
Securities available for sale	$ 415,532	$ 373,073
Bank-owned life insurance	20,705	20,597
Carrying Value
Assets:
Cash and short-term investments	270,928	269,487
Securities available for sale	415,532	373,073
Loans, net	1,401,841	1,369,903
Loans held for sale	46,659	82,295
Bank-owned life insurance	20,705	20,597
Accrued interest receivable	6,953	6,810
Financial liabilities:
Demand and savings deposits	1,568,892	1,488,893
Time deposits	400,769	425,721
Borrowings	81,807	84,115
Accrued interest payable	434	715
Total Fair Value
Assets:
Cash and short-term investments	270,406	268,980
Securities available for sale	415,532	373,073
Loans, net	1,405,244	1,379,564
Loans held for sale	46,659	82,295
Bank-owned life insurance	20,705	20,597
Accrued interest receivable	6,953	6,810
Financial liabilities:
Demand and savings deposits	1,568,892	1,488,893
Time deposits	402,981	428,462
Borrowings	85,137	89,609
Accrued interest payable	434	715
Total Fair Value | Level 1
Assets:
Cash and short-term investments	268,938	267,745
Accrued interest receivable	6,953	6,810
Financial liabilities:
Demand and savings deposits	1,568,892	1,488,893
Accrued interest payable	434	715
Total Fair Value | Level 2
Assets:
Cash and short-term investments	1,468	1,235
Securities available for sale	415,532	373,073
Loans held for sale	46,659	82,295
Bank-owned life insurance	20,705	20,597
Financial liabilities:
Time deposits	402,981	428,462
Borrowings	85,137	89,609
Total Fair Value | Level 3
Assets:
Loans, net	1,405,244	1,379,564
IRLC | Carrying Value
Assets:
Derivatives	1,767	1,523
IRLC | Total Fair Value
Assets:
Derivatives	1,767	1,523
IRLC | Total Fair Value | Level 2
Assets:
Derivatives	1,767	1,523
Interest rate swaps on loans | Carrying Value
Assets:
Derivatives	1,554	3,467
Financial liabilities:
Derivatives	1,554	3,467
Interest rate swaps on loans | Total Fair Value
Assets:
Derivatives	1,554	3,467
Financial liabilities:
Derivatives	1,554	3,467
Interest rate swaps on loans | Total Fair Value | Level 2
Assets:
Derivatives	1,554	3,467
Financial liabilities:
Derivatives	1,554	3,467
Forward sales of TBA securities | Carrying Value
Financial liabilities:
Derivatives		3
Forward sales of TBA securities | Total Fair Value
Financial liabilities:
Derivatives		3
Forward sales of TBA securities | Total Fair Value | Level 2
Financial liabilities:
Derivatives		3
Cash flow hedges | Carrying Value
Assets:
Derivatives	575
Financial liabilities:
Derivatives		665
Cash flow hedges | Total Fair Value
Assets:
Derivatives	575
Financial liabilities:
Derivatives		665
Cash flow hedges | Total Fair Value | Level 2
Assets:
Derivatives	575
Financial liabilities:
Derivatives		665
Cash flow hedges | Interest rate swaps on loans
Assets:
Derivatives	$ 575
Financial liabilities:
Derivatives		$ 665

Business Segments - Segment Rep

Business Segments - Segment Reporting (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2022USD ($)segment	Mar. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Business Segments
Number of principal business segments | segment	3
Interest income	$ 22,231	$ 23,076
Interest expense	1,755	2,400
Net interest income	20,476	20,676
Gains on sales of loans	2,695	7,058
Other noninterest income	4,034	7,017
Net revenue	27,205	34,751
Provision for loan losses	(328)	280
Noninterest expense	20,211	25,019
Income before income taxes	7,322	9,452
Income tax expense (benefit)	1,587	2,287
Net income	5,735	7,165
Capital expenditures	1,156	2,123
Depreciation and amortization	1,135	1,189
Total assets	2,301,843		$ 2,264,521
Operating Segments | Community Banking
Business Segments
Interest income	15,038	15,176
Interest expense	1,173	1,724
Net interest income	13,865	13,452
Other noninterest income	3,924	3,687
Net revenue	17,789	17,139
Provision for loan losses	(700)
Noninterest expense	14,172	13,771
Income before income taxes	4,317	3,368
Income tax expense (benefit)	800	575
Net income	3,517	2,793
Capital expenditures	1,113	139
Depreciation and amortization	969	1,066
Total assets	2,166,045		2,131,391
Operating Segments | Mortgage Banking
Business Segments
Interest income	488	1,127
Interest expense	120	373
Net interest income	368	754
Gains on sales of loans	2,708	7,105
Other noninterest income	1,321	2,724
Net revenue	4,397	10,583
Provision for loan losses	22	30
Noninterest expense	3,226	6,987
Income before income taxes	1,149	3,566
Income tax expense (benefit)	283	1,021
Net income	866	2,545
Capital expenditures	26	60
Depreciation and amortization	63	68
Total assets	69,917		105,547
Operating Segments | Consumer Finance.
Business Segments
Interest income	9,578	9,249
Interest expense	2,768	2,200
Net interest income	6,810	7,049
Other noninterest income	66	112
Net revenue	6,876	7,161
Provision for loan losses	350	250
Noninterest expense	3,694	3,448
Income before income taxes	2,832	3,463
Income tax expense (benefit)	770	936
Net income	2,062	2,527
Capital expenditures	17	1,924
Depreciation and amortization	103	55
Total assets	400,338		372,292
Operating Segments | Other
Business Segments
Interest expense	582	582
Net interest income	(582)	(582)
Other noninterest income	(1,260)	511
Net revenue	(1,842)	(71)
Noninterest expense	(867)	813
Income before income taxes	(975)	(884)
Income tax expense (benefit)	(266)	(232)
Net income	(709)	(652)
Total assets	43,982		44,897
Eliminations
Business Segments
Interest income	(2,873)	(2,476)
Interest expense	(2,888)	(2,479)
Net interest income	15	3
Gains on sales of loans	(13)	(47)
Other noninterest income	(17)	(17)
Net revenue	(15)	(61)
Noninterest expense	(14)
Income before income taxes	(1)	(61)
Income tax expense (benefit)		(13)
Net income	(1)	$ (48)
Total assets	$ (378,439)		$ (389,606)

Business Segments - Merger Rela

Business Segments - Merger Related Expenses and Segment Debt (Details)	3 Months Ended
	Mar. 31, 2022item
Mortgage Banking
Business Segments
Number of intersegment lines of credit	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%

Commitments and Contingent Li_2

Commitments and Contingent Liabilities - Loan Commitments (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Standby Letters of Credit
Commitments and Contingent Liabilities
Face amount of asset	$ 14,370	$ 15,110
Loan commitments
Commitments and Contingent Liabilities
Face amount of asset	$ 303,060	$ 305,370

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Other (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Commitments and Contingent Liabilities
Provision for indemnification losses	$ (583)	$ 17
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 | Mortgage Banking
Commitments and Contingent Liabilities
Provision for indemnification losses	$ 583	17
Indemnification payments paid	0	$ 0
Allowance for indemnifications	$ 2,670		$ 3,250

Derivatives Financial Instrumen

Derivatives Financial Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Derivatives and other information
Changes in fair value of loan swaps	$ 0
Unpaid principal on mortgage loans held for sale	2,685	$ 5,430
Other assets
Derivatives and other information
Cash collateral	1,440	3,880
Forward sales of TBA securities | Not designated as hedges
Derivatives and other information
Notional amount		9,250
Derivative Liability		3
Interest rate swaps on loans | Cash flow hedges
Derivatives and other information
Notional amount	25,000	25,000
Derivative Asset	575
Derivative Liability		665
Matched interest rate swap with borrower | Not designated as hedges
Derivatives and other information
Notional amount	72,031	72,352
Derivative Asset	350	3,303
Derivative Liability	1,204	164
Matched interest rate swap with counterparty | Not designated as hedges
Derivatives and other information
Notional amount	72,031	72,352
Derivative Asset	1,204	164
Derivative Liability	350	3,303
IRLC | Not designated as hedges
Derivatives and other information
Notional amount	103,505	83,407
Derivative Asset	1,767	1,523
Mortgage Banking
Derivatives and other information
IRLCs		2,820
Unpaid principal on mortgage loans held for sale		7,400
Mortgage Banking | Best-efforts forward sales contracts
Derivatives and other information
IRLCs	103,510	80,590
Unpaid principal on mortgage loans held for sale	45,360	72,240
Mortgage loans	$ 148,870	152,830
Mortgage Banking | Forward sales of TBA securities
Derivatives and other information
Mortgage loans		9,250
Mortgage Banking | Mandatory-delivery forward sales contracts
Derivatives and other information
Mortgage loans		$ 1,010

Other Noninterest Expenses (Det

Other Noninterest Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Other Noninterest Expenses
Data processing fees	$ 2,601	$ 2,903
Professional fees	752	747
Mortgage banking loan processing expenses	502	894
Marketing and advertising expenses	468	345
Travel and educational expenses	442	154
Telecommunication expenses	367	374
Provision for indemnification losses	(583)	17
Other real estate (gain)/loss and expenses, net		(7)
All other noninterest expenses	1,597	1,619
Total other noninterest expenses	$ 6,146	$ 7,046