C&F Financial (CFFI) 10-K 28 Feb 23 2022 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 27, 2023	Jun. 30, 2022
Document and Entity Information
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 151,245,621
Entity Common Stock, Shares Outstanding		3,466,947
Entity Central Index Key	0000913341
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Auditor Name	Yount, Hyde & Barbour, P.C.
Auditor Firm ID	613
Auditor Location	Richmond, Virginia

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Assets
Cash and due from banks	$ 19,610	$ 19,692
Interest-bearing deposits in other banks	7,051	248,053
Total cash and cash equivalents	26,661	267,745
Securities-available for sale at fair value, amortized cost of $557,128 and $372,520, respectively	512,591	373,073
Loans held for sale, at fair value	14,259	82,295
Loans, net of allowance for loan losses of $40,518 and $40,157, respectively	1,595,200	1,369,903
Restricted stock, at cost	1,120	1,027
Corporate premises and equipment, net	43,849	44,799
Other real estate owned	0	835
Accrued interest receivable	8,982	6,810
Goodwill	25,191	25,191
Other intangible assets, net	1,679	1,977
Bank-owned life insurance	20,909	20,597
Net deferred tax asset	22,014	13,608
Other assets	59,862	56,661
Total assets	2,332,317	2,264,521
Deposits
Noninterest-bearing demand deposits	605,210	581,694
Savings and interest-bearing demand deposits	1,017,356	907,199
Time deposits	381,294	425,721
Total deposits	2,003,860	1,914,614
Short-term borrowings	36,592	34,735
Long-term borrowings	30,106	30,375
Trust preferred capital notes	25,386	25,351
Accrued interest payable	950	715
Other liabilities	39,190	47,707
Total liabilities	2,136,084	2,053,497
Commitments and contingent liabilities (Note 18)
Equity
Common stock ($1.00 par value, 8,000,000 shares authorized, 3,476,614 and 3,545,554 shares issued and outstanding, respectively, includes 145,677 and 140,577 of unvested shares, respectively)	3,331	3,405
Additional paid-in capital	12,047	15,189
Retained earnings	217,214	193,811
Accumulated other comprehensive loss, net	(36,958)	(2,087)
Equity attributable to C&F Financial Corporation	195,634	210,318
Noncontrolling interest	599	706
Total equity	196,233	211,024
Total liabilities and equity	$ 2,332,317	$ 2,264,521

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
CONSOLIDATED BALANCE SHEETS
Available-for-sale securities, amortized cost	$ 557,128	$ 372,520
Loans, allowance for loan losses	$ 40,518	$ 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	3,476,614	3,545,554
Common stock, shares outstanding	3,476,614	3,545,554
Common stock, unvested shares	145,677	140,577

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest income
Interest and fees on loans	$ 90,833	$ 88,118	$ 90,992
Interest on interest-bearing deposits and federal funds sold	1,278	254	713
Interest and dividends on securities
U.S. treasury, government agencies and corporations	2,859	705	463
Mortgage-backed securities	3,178	1,972	2,109
Tax-exempt obligations of states and political subdivisions	1,623	1,678	1,984
Taxable obligations of states and political subdivisions	656	386	406
Corporate and other	927	615	246
Total interest income	101,354	93,728	96,913
Interest expense
Savings and interest-bearing deposits	2,228	1,409	1,614
Time deposits	2,996	4,028	8,020
Borrowings	1,502	1,771	2,592
Trust preferred capital notes	1,164	1,151	1,156
Total interest expense	7,890	8,359	13,382
Net interest income	93,464	85,369	83,531
Provision for loan losses	3,172	575	11,080
Net interest income after provision for loan losses	90,292	84,794	72,451
Noninterest income
Gains on sales of loans	7,498	22,279	29,224
Interchange income	6,030	5,740	4,768
Service charges on deposit accounts	4,306	3,718	3,357
Investment income in other equity interests	3,138	456	72
Mortgage banking fee income	2,931	6,482	7,713
Wealth management services income, net	2,442	2,761	2,618
Mortgage lender services income	1,667	2,492	2,176
Other service charges and fees	1,577	1,585	1,551
Net gains on sales, maturities and calls of available for sale securities		42	38
Other income (loss), net	(1,107)	3,608	3,090
Total noninterest income	28,482	49,163	54,607
Noninterest expenses
Salaries and employee benefits	47,867	58,581	57,668
Occupancy	8,564	8,859	8,639
Early debt repayment charges			2,197
Other	25,379	28,435	29,335
Total noninterest expenses	81,810	95,875	97,839
Income before income taxes	36,964	38,082	29,219
Income tax expense	7,595	8,959	6,795
Net income	29,369	29,123	22,424
Less net income attributable to noncontrolling interest	210	456	307
Net income attributable to C&F Financial Corporation	$ 29,159	$ 28,667	$ 22,117
Net income per share - basic (in dollars per share)	$ 8.29	$ 7.95	$ 6.06
Net income per share - diluted (in dollars per share)	$ 8.29	$ 7.95	$ 6.06

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
Net income	$ 29,369	$ 29,123	$ 22,424
Other comprehensive (loss) income, net of tax:
Securities available for sale	(35,621)	(3,960)	2,837
Defined benefit plan	(1,181)	2,930	(1,245)
Cash flow hedges	1,931	898	(1,298)
Other comprehensive (loss) income, net of tax	(34,871)	(132)	294
Comprehensive (loss) income	(5,502)	28,991	22,718
Less comprehensive income attributable to noncontrolling interest	210	456	307
Comprehensive (loss) income attributable to C&F Financial Corporation	$ (5,712)	$ 28,535	$ 22,411

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss, Net	Noncontrolling Interest	Total
Balance, beginning of the period at Dec. 31, 2019	$ 3,296	$ 9,503	$ 154,248	$ (2,249)	$ 481	$ 165,279
Comprehensive income (loss):
Net income			22,117		307	22,424
Other comprehensive income (loss)				294		294
Share-based compensation		1,447				1,447
Restricted stock vested	30	(30)
Acquisition of Peoples Bankshares, Incorporated	210	11,402				11,612
Common stock issued	4	140				144
Common stock purchased	(26)	(1,035)				(1,061)
Cash dividends declared			(5,546)			(5,546)
Distributions to noncontrolling interest					(122)	(122)
Balance, end of period at Dec. 31, 2020	3,514	21,427	170,819	(1,955)	666	194,471
Comprehensive income (loss):
Net income			28,667		456	29,123
Other comprehensive income (loss)				(132)		(132)
Share-based compensation		1,697				1,697
Restricted stock vested	51	(51)
Common stock issued	5	183				188
Common stock purchased	(165)	(8,067)				(8,232)
Cash dividends declared			(5,675)			(5,675)
Distributions to noncontrolling interest					(416)	(416)
Balance, end of period at Dec. 31, 2021	3,405	15,189	193,811	(2,087)	706	211,024
Comprehensive income (loss):
Net income			29,159		210	29,369
Other comprehensive income (loss)				(34,871)		(34,871)
Share-based compensation		1,973				1,973
Restricted stock vested	26	(26)
Common stock issued	4	180				184
Common stock purchased	(104)	(5,269)				(5,373)
Cash dividends declared			(5,756)			(5,756)
Distributions to noncontrolling interest					(317)	(317)
Balance, end of period at Dec. 31, 2022	$ 3,331	$ 12,047	$ 217,214	$ (36,958)	$ 599	$ 196,233

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF EQUITY
Cash dividends declared (in dollars per share)	$ 1.64	$ 1.58	$ 1.52

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating activities:
Net income	$ 29,369	$ 29,123	$ 22,424
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for loan losses	3,172	575	11,080
Accretion of certain acquisition-related discounts, net	(1,499)	(2,727)	(3,707)
Share-based compensation	1,973	1,697	1,447
Depreciation and amortization	4,356	4,741	4,189
Amortization of premiums and accretion of discounts on securities, net	2,292	3,550	2,271
Deferred income taxes	708	(90)	(817)
(Reversal of) provision for indemnifications	(858)	(104)	881
Income from bank-owned life insurance	(620)	(526)	(506)
Gains on sales of loans held for investment			(3,489)
Early debt repayment charges			2,197
Pension expense	639	2,131	793
Pension contribution	(2,000)		(2,000)
Proceeds from sales of loans held for sale	772,555	1,613,467	1,668,113
Origination of loans held for sale	(699,459)	(1,467,675)	(1,765,449)
Gains on sales of loans held for sale	(7,498)	(22,279)	(25,735)
Other gains, net	(3,173)	(591)	624
Change in other assets and liabilities:
Accrued interest receivable	(2,172)	1,293	(897)
Other assets	(2,700)	1,283	6,882
Accrued interest payable	235	(394)	(442)
Other liabilities	(4,761)	(6,087)	1,767
Net cash provided by (used in) operating activities	90,559	157,387	(80,374)
Investing activities:
Acquisition of Peoples Bankshares, Incorporated			19,101
Disposition of assets related to business combination			8,004
Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities	55,328	114,019	123,741
Purchases of securities available for sale	(242,228)	(209,224)	(201,870)
Maturities of time deposits, net	(494)	5,930	(5,478)
Repayments on loans held for investment by non-bank affiliates	175,340	161,299	129,011
Purchases of loans held for investment by non-bank affiliates	(284,428)	(216,681)	(132,897)
Proceeds from sales of loans held for investment			3,366
Net (increase) decrease in community banking loans held for investment	(116,663)	3,424	(110,862)
Purchases of corporate premises and equipment	(3,394)	(4,786)	(10,228)
Proceeds from sales of corporate premises and equipment	1,967	1	338
Changes in collateral posted with other financial institutions, net	3,880	6,040	(7,400)
Other investing activities, net	(587)	1,285	1,888
Net cash used in investing activities	(411,279)	(138,693)	(183,286)
Financing activities:
Net increase in demand and savings deposits	133,673	206,303	318,598
Net decrease in time deposits	(44,427)	(43,583)	(29,212)
Net increase in short-term borrowings	1,857	14,280	4,095
Proceeds from long-term borrowings			19,924
Repayments of long-term borrowings			(121,726)
Repurchases of common stock	(5,373)	(8,232)	(1,061)
Cash dividends paid	(5,756)	(5,675)	(5,546)
Other financing activities, net	(338)	(711)	(176)
Net cash provided by financing activities	79,636	162,382	184,896
Net (decrease) increase in cash and cash equivalents	(241,084)	181,076	(78,764)
Cash and cash equivalents at beginning of period	267,745	86,669	165,433
Cash and cash equivalents at end of period	26,661	267,745	86,669
Supplemental cash flow disclosures:
Interest paid	7,699	9,076	14,168
Income taxes paid	8,019	10,545	6,410
Supplemental disclosure of noncash investing and financing activities:
Transfers from loans to other real estate owned			63
Transfers from corporate premises and equipment to other real estate owned	423
Liabilities assumed to acquire right of use assets under operating leases	888	2,480	1,103
Transfers from loans held for sale to loans held for investment	$ 1,425	$ 2,764	$ 2,460

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	NOTE 1: Summary of Significant Accounting Policies ​ Principles of Consolidation: ​ 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 20. ​ Basis of Presentation: ​ Reclassification: ​ Significant Group Concentrations of Credit Risk: ​ Cash and Cash Equivalents: ​ Securities: ​ Impairment of debt securities occurs when the fair value of a security is less than its amortized cost. For debt securities, impairment is considered other-than-temporary and recognized in its entirety in net income if either (i) we intend to sell the security or (ii) it is more-likely-than-not that we will be required to sell the security before recovery of its amortized cost basis. If, however, the Corporation does not intend to sell the security and it is not more-likely-than-not that the Corporation will be required to sell the security before recovery, the Corporation must determine what portion of the impairment is attributable to a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security. If there is no credit loss, there is no other-than-temporary impairment. If there is a credit loss, other-than-temporary impairment exists, and the credit loss must be recognized in net income and the remaining portion of impairment must be recognized in other comprehensive income (loss). The Corporation regularly reviews unrealized losses in its investments in securities based on criteria including the extent to which market value is below amortized cost, the duration of that market decline, the financial health of and specific prospects for the issuer, the Corporation’s best estimate of the present value of cash flows expected to be collected from debt securities, the Corporation’s intention with regard to holding the security to maturity and the likelihood that the Corporation would be required to sell the security before recovery. ​ Loans Held for Sale: Fair Value Measurement, ​ Loans Acquired in a Business Combination: third parties, receipt of payments in full or part from the borrower or foreclosure of the collateral, result in removal of the loan from the PCI loan portfolio at its carrying amount. ​ PCI loans are not classified as nonperforming loans by the Corporation at the time they are acquired, regardless of whether they had been classified as nonperforming by the previous holder of such loans, and they will not be classified as nonperforming so long as, at quarterly re-estimation periods, we believe we will fully collect the new carrying value of the pools of loans. ​ Loans not designated PCI loans as of the acquisition date are designated purchased performing loans. The Corporation accounts for purchased performing loans using the contractual cash flows method of recognizing discount accretion based on the acquired loans’ contractual cash flows. Purchased performing loans are recorded at fair value, including a credit discount. The fair value discount is accreted as an adjustment to yield over the estimated lives of the loans. There is no allowance for loan losses established at the acquisition date for purchased performing loans. ​ Originated Loans: ​ A loan’s past due status is based on the contractual due date of the most delinquent payment due. Loans are generally placed on nonaccrual status when the collection of principal or interest is 90 days or more past due, or earlier, if collection is uncertain based on an evaluation of the net realizable value of the collateral and the financial strength of the borrower. Loans greater than 90 days past due may remain on accrual status if management determines it has adequate collateral to cover the principal and interest. For those loans that are carried on nonaccrual status, payments are first applied to principal outstanding. A loan may be returned to accrual status if the borrower has demonstrated a sustained period of repayment performance in accordance with the contractual terms of the loan and there is reasonable assurance the borrower will continue to make payments as agreed. These policies are applied consistently across our loan portfolio. ​ The Corporation considers a loan impaired when it is probable that the Corporation will be unable to collect all interest and principal payments as scheduled in the loan agreement. A loan is not considered impaired during a period of delay in payment if the ultimate collectability of all amounts due is expected. Impairment is measured based on either the fair value of the loan using the loan’s obtainable market price or the fair value of the collateral, if the loan is collateral dependent, or using the present value of expected future cash flows discounted at the loan’s effective interest rate, which is not a fair value measurement. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. ​ Troubled debt restructurings (TDRs) occur when the Corporation agrees to significantly modify the original terms of a loan due to the deterioration in the financial condition of the borrower. TDRs are considered impaired loans and are evaluated individually. Upon designation as a TDR, the Corporation evaluates the borrower’s payment history, past due status and ability to make payments based on the revised terms of the loan. If a loan was accruing prior to being modified as a TDR and if the Corporation concludes that the borrower is able to make such payments, and there are no other factors or circumstances that would cause it to conclude otherwise, the loan will remain on an accruing status. If a loan was on nonaccrual status at the time of the TDR, the loan will remain on nonaccrual status following the modification and may be returned to accrual status based on the policy for returning loans to accrual status as noted above. ​ In the ordinary course of business, the Corporation has entered into commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the Consolidated Balance Sheets when they are funded. ​ Paycheck Protection Program: repayment of the PPP loans is guaranteed by the SBA, the Corporation does not recognize a reserve for PPP loans in its allowance for loan losses. The Corporation received fees from the SBA of one percent to five percent of the principal amount of each loan originated under the PPP. Fees received from the SBA are recognized net of direct origination costs in interest income over the life of the related loans. Recognition of fees related to PPP loans is dependent upon the timing of ultimate repayment or forgiveness. All net PPP origination fees received by C&F Bank had been recognized in income as of December 31, 2022, totaling $6.3 million since the inception of the PPP. In 2022, 2021 and 2020, the Corporation recognized $679,000, $4.06 million and $1.56 million in net loan fees related to PPP loans in interest income on loans in the Consolidated Statements of Income, respectively. ​ Allowance for Loan Losses: ​ The allowance represents an amount that, in management’s judgment, will be adequate to absorb probable losses inherent in the loan portfolio. Management’s judgment in determining the level of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as trends in delinquencies and charge-offs, changes in the nature and volume of the loan portfolio, current economic conditions that may affect a borrower’s ability to repay and the value of collateral, overall portfolio quality and review of specific potential losses. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. The evaluation also considers the following risk characteristics of each loan portfolio: ​ ● Real estate residential mortgage loans carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral. ● Real estate construction loans carry risks that the project will not be finished according to schedule, the project will not be finished according to budget and the value of the collateral may, at any point in time, be less than the principal amount of the loan. Construction loans also bear the risk that the general contractor, who may or may not be a loan customer, may be unable to finish the construction project as planned because of financial pressure unrelated to the project. ● Commercial, financial and agricultural loans carry risks associated with the successful operation of a business or a real estate project, in addition to other risks associated with the ownership of real estate, because the repayment of these loans may be dependent upon the profitability and cash flows of the business or project. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time and cannot be appraised with as much precision. ● Consumer and consumer finance loans carry risks associated with the continued credit-worthiness of the borrower and the value of the collateral (e.g., rapidly-depreciating assets such as automobiles and marine and recreational vehicles (RVs)), or lack thereof. Consumer loans are more likely than real estate loans to be immediately adversely affected by job loss, divorce, illness or personal bankruptcy. ● Equity lines of credit carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral. The allowance consists of specific and general components. The specific component relates to loans that are individually evaluated for impairment, and is established when the discounted cash flows (or collateral value or observable market price) of an impaired loan is lower than the carrying value of that loan. For collateral dependent loans, an updated appraisal will be ordered if a current one is not on file. Appraisals are performed by independent third-party appraisers with relevant industry experience. Adjustments to the appraised value may be made based on recent sales of similar properties or general market conditions when appropriate. The general component covers non-classified loans and those loans classified as substandard or special mention that are not individually evaluated for impairment. The general component is based on historical loss experience adjusted for qualitative factors, such as current economic conditions, including current home sales and foreclosures, unemployment rates and retail sales. Relative to non-classified loans, non-impaired classified loans are assigned a higher allowance factor which increases with the severity of classification. The characteristics of these loan ratings are as follows: ● Pass rated loans are to persons or business entities with an acceptable financial condition, appropriate collateral margins, appropriate cash flow to service the existing loan, and an appropriate leverage ratio. The borrower has paid all obligations as agreed and it is expected that this type of payment history will continue. When necessary, acceptable personal guarantors support the loan. ● Special mention loans have a specific identified weakness in the borrower’s operations and in the borrower’s ability to generate positive cash flow on a sustained basis. The borrower’s recent payment history may be characterized by late payments. The Corporation’s risk exposure is mitigated by collateral supporting the loan. The collateral is considered to be well-margined, well maintained, accessible and readily marketable. ● Substandard loans are considered to have specific and well-defined weaknesses that jeopardize the viability of the Corporation’s credit extension. The payment history for the loan has been inconsistent and the expected or projected primary repayment source may be inadequate to service the loan. The estimated net liquidation value of the collateral pledged and/or ability of the personal guarantor(s) to pay the loan may not adequately protect the Corporation. There is a distinct possibility that the Corporation will sustain some loss if the deficiencies associated with the loan are not corrected in the near term. A substandard loan would not automatically meet the Corporation’s definition of impaired unless the loan is significantly past due and the borrower’s performance and financial condition provide evidence that it is probable that the Corporation will be unable to collect all amounts due. ● Substandard nonaccrual loans have the same characteristics as substandard loans; however, they have a nonaccrual classification because it is probable that the Corporation will not be able to collect all amounts due. ● Doubtful rated loans have all the weaknesses inherent in a loan that is classified substandard but with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high. ● Loss rated loans are not considered collectible under normal circumstances and there is no realistic expectation for any future payment on the loan. Loss rated loans are fully charged off. ​ On a quarterly basis the Corporation evaluates its estimate of cash flows to be collected on PCI loans. These evaluations require the continued assessment of key assumptions and estimates similar to the initial estimate of fair value as of the acquisition date, such as the effect of collateral value changes, changing loss severities, estimated and experienced prepayment speeds and other relevant factors. Subsequent decreases to the expected cash flows to be collected on a PCI loan will generally result in a provision for loan losses. ​ The consumer finance loans are segregated between performing and nonperforming loans. Performing loans are those that have made timely payments in accordance with the terms of the loan agreement and are not past due 90 days or more. Nonperforming loans are those that do not accrue interest and are greater than 90 days past due. ​ Allowance for Indemnifications: allowance for indemnifications when a purchaser of a loan (investor) sold by the mortgage banking segment incurs a validated indemnified loss due to borrower misrepresentation, fraud, early payment default or underwriting error. ​ The allowance represents an amount that, in management’s judgment, will be adequate to absorb any losses that are probable of arising from valid indemnification requests for loans that have been sold by the mortgage banking segment. Management’s judgment in determining the level of the allowance is based on the volume of loans sold, historical experience, current economic conditions, changes in operational and compliance processes, and information provided by investors. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. ​ Other Real Estate Owned (OREO): ​ The Corporation records a gain/loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Corporation finances the sale of OREO to the buyer, the Corporation assesses whether the buyer is committed to perform the obligations under the contract and whether collectability of the transaction price is probable. In determining the gain/loss on the sale, the Corporation adjusts the transaction price and the related gain/loss on sale if a significant financing component is present. ​ Repossessed Assets: Repossessed assets primarily consist of vehicles repossessed by C&F Finance due to borrowers’ payment defaults. The repossession process is generally initiated after a loan becomes more than 60 days delinquent. Most customers have an opportunity to redeem their repossessed vehicles by paying all outstanding balances, including finance charges and fees. Vehicles that are not redeemed within a prescribed waiting period following repossession are then reclassified from loans to repossessed assets available-for-sale (included in other assets) and recorded initially at fair value less estimated costs to sell. The difference between the carrying amount of each loan and the fair value of the vehicle (i.e., the deficiency) is charged against the allowance for loan losses. The waiting period is determined as the length of time after repossession that C&F Finance is prohibited to sell the vehicle under the laws of the state where the vehicle was repossessed. Accounts still in process of collection or for which the Corporation does not have the legal right to sell continue to be classified as loans until such legal authority is obtained. At December 31, 2022, repossessed vehicles at fair value less estimated costs to sell included in other assets totaled $352,000 , compared to $190,000 at December 31, 2021. ​ Repossession expense includes the costs to repossess and sell vehicles. These costs include transportation, storage, rekeying, condition reports, legal fees, fees paid to repossession agents and auction fees. These costs are included in noninterest expenses. ​ Corporate Premises and Equipment: Land is carried at cost. Buildings and equipment are carried at cost less accumulated depreciation computed using a straight-line method over the estimated useful lives of the assets. Estimated useful lives range from ten to forty years for buildings and from three to ten years for equipment, furniture and fixtures. Leasehold improvements are amortized over the shorter of the life of the related lease or the estimated useful life of the related asset. Maintenance and repairs are charged to expense as incurred and major improvements are capitalized. Upon sale or retirement of depreciable properties, the cost and related accumulated depreciation are netted against proceeds and any resulting gain or loss is included in income. ​ Goodwill: The Corporation reviews the carrying value of goodwill at least annually or more frequently if certain impairment indicators exist. In testing goodwill for impairment, the Corporation may first consider qualitative factors to determine whether the existence of events or circumstances lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events and circumstances, we conclude that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then no further testing is required and the goodwill of the reporting unit is not impaired. If the Corporation elects to bypass the qualitative assessment or if we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then the fair value of the reporting unit is compared with its carrying amount to determine whether an impairment exists. ​ Transfer of Financial Assets: ​ Income Taxes: ​ C&F Bank invests in qualified affordable housing projects through housing equity funds, the purpose of which is to encourage investment in low-income residential property development in Virginia by providing a return on investment through federal income tax credits and other tax benefits on losses generated by the projects. C&F Bank recognizes its share of losses on these projects as a component of income tax expense. ​ The benefit of an uncertain tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination by the applicable taxing authority, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. Interest and penalties associated with unrecognized tax benefits are recognized as a component of income tax expense. ​ Retirement Plan: ​ Share-Based Compensation: ​ Earnings Per Share: ​ Derivative Financial Instruments: The Corporation recognizes derivative financial instruments at fair value as either an other asset or other liability in the Consolidated Balance Sheets. The Corporation’s derivative financial instruments include (1) interest rate swaps that qualify and are designated as cash flow hedges on the Corporation’s trust preferred capital notes, (2) interest rate swaps with certain qualifying commercial loan customers and dealer counterparties and (3) interest rate contracts arising from mortgage banking activities, including interest rate lock commitments (IRLCs) on mortgage loans and related forward sales of mortgage loans and mortgage backed securities. The gain or loss on the Corporation’s cash flow hedges is reported as a component of other comprehensive income (loss), net of deferred income taxes, and reclassified into earnings in the same period(s) during which the hedged transactions affect earnings. IRLCs, forward sales contracts and interest rate swaps with loan customers and dealer counterparties are not designated as hedging instruments, and therefore changes in the fair value of these instruments are reported as noninterest income. The Corporation’s derivative financial instruments are described more fully in Note 21. ​ Leases: ​ Service Charges on Deposit Accounts: ​ Other Service Charges and Fees: ​ Interchange Income: ​ Wealth Management Services Income, Net: management at the end of each period. Fees and commissions collected from customers are reported net of related fees paid to the third-party service providers and presented in noninterest income. ​ Mortgage Lender Services Income: ​ Recent Significant Accounting Pronouncements: 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” ​ The amendments of ASC 326, upon adoption, are to 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 established a working group to prepare for and implement changes related to ASC 326. This working group gathered historical loan loss data for purposes of evaluating appropriate portfolio segmentation and modeling methods under the standard related to the allowance for credit losses on loans, 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 and engaged a vendor to assist in modeling expected lifetime losses under ASC 326. ​ 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.” Subsequently, the FASB issued ASU 2022-06, “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. 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, 2024 and can be adopted at an instrument level. The Corporation has utilized certain optional expedients and exceptions under Topic 848 in the case of modifications to certain loans, borrowings and cash flow hedges during 2022. These modifications have not had and are not expected to 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.

Adoption of New Accounting Stan

Adoption of New Accounting Standards	12 Months Ended
	Dec. 31, 2022
Adoption of New Accounting Standards
Adoption of New Accounting Standards	NOTE 2: Adoption of New Accounting Standards ​ In December 2022, the Corporation adopted ASU 2022-03, “Fair Value Measurement (Topic 820) – Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.” This amendment clarified the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security. It also introduced new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The applicable amendments of ASU 2022-03 were applied prospectively with any adjustments from the adoption of the amendments recognized in earnings and disclosed on the date of adoption. In connection with a its adoption of ASU 2022-03, the Corporation also made an irrevocable accounting policy election to account for certain equity investments, primarily consisting of equity interests in an independent insurance agency and a full service title and settlement agency, at fair value, which had previously been recognized using a measurement alternative for equity securities without a readily determinable fair value. As a result of this accounting policy election, fair value adjustments were recorded in the fourth quarter of 2022, which resulted in the one-time recognition of additional other income of $2.7 million ($2.2 million after income taxes). For more information about fair value measurements, see “Note 19: Fair Value of Assets and Liabilities.” ​

Securities

Securities	12 Months Ended
	Dec. 31, 2022
Securities
Securities	NOTE 3: Securities ​ The Corporation’s debt securities, all of which are classified as available for sale, are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 60,886 ​ $ — ​ $ (2,053) ​ $ 58,833 ​ U.S. government agencies and corporations ​ ​ 143,241 ​ ​ — ​ ​ (12,967) ​ ​ 130,274 ​ Mortgage-backed securities ​ 200,393 ​ 65 ​ (20,540) ​ 179,918 ​ Obligations of states and political subdivisions ​ 127,317 ​ 300 ​ (6,790) ​ 120,827 ​ Corporate and other debt securities ​ ​ 25,291 ​ ​ — ​ ​ (2,552) ​ ​ 22,739 ​ ​ ​ $ 557,128 ​ $ 365 ​ $ (44,902) ​ $ 512,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 and 2021, by the earlier of contractual maturity or expected maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Amortized ​ (Dollars in thousands) ​ Cost ​ Fair Value Due in one year or less ​ $ 120,590 ​ $ 113,350 ​ Due after one year through five years ​ 276,622 ​ 257,306 ​ Due after five years through ten years ​ 152,015 ​ 134,619 ​ Due after ten years ​ 7,901 ​ 7,316 ​ ​ ​ $ 557,128 ​ $ 512,591 ​ ​ The following table presents the gross realized gains and losses on and the proceeds from the sales, maturities and calls of securities. There were no sales of securities during the year ended December 31, 2022. During the years ended December 31, 2021 and 2020, $2.30 million and $5.99 million of proceeds, respectively, were related to sales of securities. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Realized gains from sales, maturities and calls of securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross realized gains ​ $ — ​ $ 42 ​ $ 38 Gross realized losses ​ — ​ — ​ — Net realized gains ​ $ — ​ $ 42 ​ $ 38 Proceeds from sales, maturities, calls and paydowns of securities ​ $ 55,328 ​ $ 114,019 ​ $ 123,741 ​ The Corporation pledges securities primarily to secure public deposits and repurchase agreements. Securities with an aggregate amortized cost of $237.15 million and an aggregate fair value of $213.58 million were pledged at December 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 December 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 ​ $ 50,556 ​ $ 1,368 ​ $ 8,277 ​ $ 685 ​ $ 58,833 ​ $ 2,053 ​ U.S. government agencies and corporations ​ ​ 71,948 ​ ​ 1,578 ​ ​ 58,326 ​ ​ 11,389 ​ ​ 130,274 ​ ​ 12,967 ​ Mortgage-backed securities ​ 73,301 ​ ​ 5,441 ​ 104,563 ​ 15,099 ​ 177,864 ​ 20,540 ​ Obligations of states and political subdivisions ​ 60,838 ​ 2,434 ​ 32,120 ​ 4,356 ​ 92,958 ​ 6,790 ​ Corporate and other debt securities ​ ​ 15,049 ​ ​ 1,702 ​ ​ 6,681 ​ ​ 850 ​ ​ 21,730 ​ ​ 2,552 ​ Total temporarily impaired securities ​ $ 271,692 ​ $ 12,523 ​ $ 209,967 ​ $ 32,379 ​ $ 481,659 ​ $ 44,902 ​ ​ There were 558 debt securities totaling $481.66 million of aggregate fair value considered temporarily impaired at December 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 December 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 increases in interest rates, 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 December 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 December 31, 2022 and no impairment has been recognized. ​

Loans

Loans	12 Months Ended
	Dec. 31, 2022
Loans
Loans	NOTE 4: Loans ​ Major classifications of loans are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Real estate – residential mortgage ​ $ 266,267 ​ $ 217,016 ​ Real estate – construction 1 ​ 59,675 ​ 57,495 ​ Commercial, financial and agricultural 2 ​ 782,981 ​ 717,730 ​ Equity lines ​ 43,300 ​ 41,345 ​ Consumer ​ 8,938 ​ 8,280 ​ Consumer finance 3 ​ 474,557 ​ 368,194 ​ ​ ​ 1,635,718 ​ 1,410,060 ​ Less allowance for loan losses ​ (40,518) ​ (40,157) ​ Loans, net ​ $ 1,595,200 ​ $ 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 PPP). 3 Includes the Corporation’s automobile lending and marine and recreational vehicle lending. ​ Consumer loans included $284,000 and $207,000 of demand deposit overdrafts at December 31, 2022 and 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 December 31, 2022 and 2021 of loans acquired in business combinations were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 ​ $ 4,522 ​ $ 38,157 ​ $ 42,679 ​ $ 8,350 ​ $ 57,862 ​ $ 66,212 ​ Carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate – residential mortgage ​ $ 300 ​ $ 8,587 ​ $ 8,887 ​ $ 817 ​ $ 9,997 ​ $ 10,814 ​ Real estate – construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,356 ​ ​ 1,356 ​ Commercial, financial and agricultural 1 ​ 1,114 ​ 23,023 ​ 24,137 ​ 2,753 ​ 37,313 ​ 40,066 ​ Equity lines ​ 15 ​ 5,047 ​ 5,062 ​ 38 ​ 6,919 ​ 6,957 ​ Consumer ​ 26 ​ 755 ​ 781 ​ 47 ​ 1,213 ​ 1,260 ​ Total acquired loans ​ $ 1,455 ​ $ 37,412 ​ $ 38,867 ​ $ 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 PCI loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ (Dollars in thousands) 2022 2021 Accretable yield, balance at beginning of period ​ $ 3,111 ​ $ 4,048 ​ Accretion ​ (1,566) ​ (2,472) ​ Reclassification of nonaccretable difference due to improvement in expected cash flows ​ 1,921 ​ 794 ​ Other changes, net ​ (222) ​ 741 ​ Accretable yield, balance at end of period ​ $ 3,244 ​ $ 3,111 ​ ​ Loans on nonaccrual status at December 31, 2022 and 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Real estate – residential mortgage ​ $ 156 ​ $ 315 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ Commercial business lending ​ — ​ 2,122 ​ Equity lines ​ 108 ​ 104 ​ Consumer ​ — ​ 3 ​ Consumer finance: ​ ​ ​ ​ ​ ​ ​ Automobiles ​ ​ 842 ​ ​ 380 ​ Marine and recreational vehicles ​ 83 ​ — ​ Total loans on nonaccrual status ​ $ 1,189 ​ $ 2,924 ​ ​ The past due status of loans as of December 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 ​ $ 1,649 ​ $ 452 ​ $ 20 ​ $ 2,121 ​ $ 300 ​ $ 263,846 ​ $ 266,267 ​ $ — ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ — ​ — ​ — ​ — ​ ​ — ​ 49,136 ​ 49,136 ​ — ​ Consumer lot lending ​ — ​ — ​ — ​ — ​ ​ — ​ 10,539 ​ 10,539 ​ — ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ — ​ — ​ — ​ — ​ ​ 1,114 ​ 591,187 ​ 592,301 ​ — ​ Land acquisition and development lending ​ — ​ — ​ — ​ — ​ ​ — ​ 37,537 ​ 37,537 ​ — ​ Builder line lending ​ — ​ — ​ — ​ — ​ ​ — ​ 34,538 ​ 34,538 ​ — ​ Commercial business lending ​ — ​ 1 ​ — ​ 1 ​ ​ — ​ 118,604 ​ 118,605 ​ — ​ Equity lines ​ — ​ 39 ​ — ​ 39 ​ ​ 15 ​ 43,246 ​ 43,300 ​ — ​ Consumer ​ 9 ​ — ​ 191 ​ 200 ​ ​ 26 ​ 8,712 ​ 8,938 ​ 191 ​ Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ ​ 10,557 ​ ​ 1,570 ​ ​ 842 ​ ​ 12,969 ​ ​ — ​ ​ 398,143 ​ ​ 411,112 ​ ​ — ​ Marine and recreational vehicles ​ 114 ​ 35 ​ 83 ​ 232 ​ ​ — ​ 63,213 ​ 63,445 ​ — ​ Total ​ $ 12,329 ​ $ 2,097 ​ $ 1,136 ​ $ 15,562 ​ $ 1,455 ​ $ 1,618,701 ​ $ 1,635,718 ​ $ 191 ​ 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 $244,000 and 90+ days past due of $945,000. ​ 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. ​ Loan modifications that were classified as TDRs, and the recorded investment in those loans at the time of their modification, during the years ended December 31, 2022, 2021 and 2020 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ ​ ​ Number of ​ Recorded ​ Number of ​ Recorded ​ Number of ​ Recorded ​ (Dollars in thousands) ​ Loans ​ Investment ​ Loans ​ Investment ​ Loans ​ Investment ​ Real estate – residential mortgage 1 ​ $ 45 ​ 1 ​ $ 4 2 ​ $ 176 ​ Equity lines — ​ ​ — ​ — ​ — 1 ​ ​ 84 ​ Total 1 ​ $ 45 ​ 1 ​ $ 4 3 ​ $ 260 ​ ​ One TDR during each of the years ended December 31, 2022 and 2021 and three of the TDRs during the year ended December 31, 2020 included modifications of the loan’s payment structure. There were no TDRs in the years ended December 31, 2022, 2021 or 2020 that included a reduction in principal or a modification of the loan’s interest rate as part of the loan’s modification. ​ 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 years ended December 31, 2022, 2021 and 2020. ​ Impaired loans, which included TDRs of $823,000, and the related allowance at December 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 ​ $ 797 ​ $ 36 ​ $ 761 ​ $ 51 ​ $ 806 ​ $ 35 ​ Equity lines ​ 26 ​ 26 ​ — ​ — ​ 28 ​ 2 ​ Total ​ $ 823 ​ $ 62 ​ $ 761 ​ $ 51 ​ $ 834 ​ $ 37 ​ ​ 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	12 Months Ended
	Dec. 31, 2022
Allowance for Loan Losses
Allowance for Loan Losses	NOTE 5: Allowance for Loan Losses ​ The following table presents the changes in the allowance for loan losses by major classification for the years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ ​ Commercial, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Real Estate ​ Financial & ​ Equity ​ ​ ​ ​ Consumer ​ ​ ​ ​ (Dollars in thousands) ​ Mortgage ​ Construction ​ Agricultural ​ Lines ​ Consumer ​ Finance ​ Total ​ Balance at December 31, 2019 ​ $ 2,080 ​ $ 681 ​ $ 7,121 ​ $ 733 ​ $ 465 ​ $ 21,793 ​ $ 32,873 ​ Provision charged to operations ​ 808 ​ 294 ​ 3,589 ​ (47) ​ (34) ​ 6,470 ​ ​ 11,080 ​ Loans charged off ​ (62) ​ — ​ (18) ​ — ​ (231) ​ (9,331) ​ ​ (9,642) ​ Recoveries of loans previously charged off ​ 88 ​ — ​ 4 ​ 1 ​ 171 ​ 4,581 ​ ​ 4,845 ​ Balance at December 31, 2020 ​ ​ 2,914 ​ ​ 975 ​ ​ 10,696 ​ ​ 687 ​ ​ 371 ​ ​ 23,513 ​ ​ 39,156 ​ Provision charged to operations ​ (279) ​ ​ (119) ​ ​ 385 ​ ​ (95) ​ ​ (137) ​ ​ 820 ​ ​ 575 ​ Loans charged off ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (184) ​ ​ (4,381) ​ ​ (4,565) ​ Recoveries of loans previously charged off ​ 25 ​ ​ — ​ ​ 4 ​ ​ 1 ​ ​ 122 ​ ​ 4,839 ​ ​ 4,991 ​ Balance at December 31, 2021 ​ ​ 2,660 ​ ​ 856 ​ ​ 11,085 ​ ​ 593 ​ ​ 172 ​ ​ 24,791 ​ ​ 40,157 ​ Provision charged to operations ​ (54) ​ ​ (68) ​ ​ (534) ​ ​ (98) ​ ​ 186 ​ ​ 3,740 ​ ​ 3,172 ​ Loans charged off ​ (2) ​ ​ — ​ ​ (140) ​ ​ — ​ ​ (260) ​ ​ (7,016) ​ ​ (7,418) ​ Recoveries of loans previously charged off ​ 18 ​ ​ — ​ ​ 20 ​ ​ 2 ​ ​ 113 ​ ​ 4,454 ​ ​ 4,607 ​ Balance at December 31, 2022 ​ $ 2,622 ​ $ 788 ​ $ 10,431 ​ $ 497 ​ $ 211 ​ $ 25,969 ​ $ 40,518 ​ ​ The following table presents, as of December 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 ​ $ 51 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 51 ​ Collectively evaluated for impairment ​ ​ 2,571 ​ ​ 788 ​ ​ 10,431 ​ ​ 497 ​ ​ 211 ​ ​ 25,969 ​ ​ 40,467 ​ Acquired loans - PCI ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Total allowance ​ $ 2,622 ​ $ 788 ​ $ 10,431 ​ $ 497 ​ $ 211 ​ $ 25,969 ​ $ 40,518 ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 797 ​ $ — ​ $ — ​ $ 26 ​ $ — ​ $ — ​ $ 823 ​ Collectively evaluated for impairment ​ ​ 265,170 ​ ​ 59,675 ​ ​ 781,867 ​ ​ 43,259 ​ ​ 8,912 ​ ​ 474,557 ​ ​ 1,633,440 ​ Acquired loans - PCI ​ ​ 300 ​ ​ — ​ ​ 1,114 ​ ​ 15 ​ ​ 26 ​ ​ — ​ ​ 1,455 ​ Total loans ​ $ 266,267 ​ $ 59,675 ​ $ 782,981 ​ $ 43,300 ​ $ 8,938 ​ $ 474,557 ​ $ 1,635,718 ​ ​ 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 December 31, 2022 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ Substandard ​ ​ (Dollars in thousands) ​ Pass ​ Mention ​ Substandard ​ Nonaccrual ​ Total 1 Real estate – residential mortgage ​ $ 264,891 ​ $ 518 ​ $ 702 ​ $ 156 ​ $ 266,267 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ 49,136 ​ — ​ — ​ — ​ 49,136 ​ Consumer lot lending ​ 10,539 ​ — ​ — ​ — ​ 10,539 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 585,707 ​ 738 ​ 5,856 ​ — ​ 592,301 ​ Land acquisition and development lending ​ 37,537 ​ — ​ — ​ — ​ 37,537 ​ Builder line lending ​ 34,538 ​ — ​ — ​ — ​ 34,538 ​ Commercial business lending ​ 118,605 ​ — ​ — ​ — ​ 118,605 ​ Equity lines ​ 43,147 ​ 40 ​ 5 ​ 108 ​ 43,300 ​ Consumer ​ 8,747 ​ 191 ​ — ​ — ​ 8,938 ​ ​ ​ $ 1,152,847 ​ $ 1,487 ​ $ 6,563 ​ $ 264 ​ $ 1,161,161 ​ 1 At December 31, 2022, the Corporation did no t have any loans classified as Doubtful or Loss. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ (Dollars in thousands) Performing Performing Total Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ $ 410,270 ​ $ 842 ​ $ 411,112 Marine and recreational vehicles ​ ​ 63,362 ​ ​ 83 ​ ​ 63,445 ​ ​ $ 473,632 ​ $ 925 ​ $ 474,557 ​ 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 no t 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 ​

OREO

OREO	12 Months Ended
	Dec. 31, 2022
OREO
OREO	NOTE 6: OREO ​ At December 31, 2022 and 2021, the carrying amount of OREO was zero and $835,000 respectively. At December 31, 2021, OREO was primarily comprised of a property previously used by the Bank as a branch, which was consolidated into a nearby branch in 2019. Changes in the balance for OREO are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 Balance at the beginning of year, gross ​ $ 835 ​ $ 1,114 ​ Additions ​ 423 ​ — ​ Charge-offs ​ — ​ (54) ​ Sales proceeds ​ (1,547) ​ (462) ​ Gain on disposition ​ 289 ​ 237 ​ Balance at the end of year, gross ​ — ​ 835 ​ Less valuation allowance ​ — ​ — ​ Balance at the end of year, net ​ $ — ​ $ 835 ​ ​ Changes in the allowance for OREO losses are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Balance at the beginning of year ​ $ — ​ $ 207 ​ $ 88 ​ Provision for losses ​ — ​ (153) ​ 176 ​ Charge-offs, net ​ — ​ (54) ​ (57) ​ Balance at the end of year ​ $ — ​ $ — ​ $ 207 ​ ​ Net OREO gains of $289,000 were recognized upon the disposal of real estate in connection with the sale of former branch locations subsequent to consolidation into nearby branches and are included in other income (loss), net in the Consolidated Statements of Income for 2022. Net OREO losses of $2,000, gains of $379,000 and losses of $213,000, including expenses associated with OREO properties, are included in other noninterest expense in the Consolidated Statements of Income for 2022, 2021 and 2020, respectively.

Corporate Premises and Equipmen

Corporate Premises and Equipment	12 Months Ended
	Dec. 31, 2022
Corporate Premises and Equipment
Corporate Premises and Equipment	NOTE 7: Corporate Premises and Equipment ​ Major classifications of corporate premises and equipment are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Land ​ $ 9,024 ​ $ 9,104 ​ Buildings ​ 48,537 ​ 48,231 ​ Equipment, furniture and fixtures ​ 23,613 ​ 22,061 ​ ​ ​ 81,174 ​ 79,396 ​ Less accumulated depreciation ​ (37,325) ​ (34,597) ​ ​ ​ $ 43,849 ​ $ 44,799 ​ ​

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	12 Months Ended
	Dec. 31, 2022
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	NOTE 8: Goodwill and Other Intangible Assets ​ The carrying amount of goodwill was $25.19 million at December 31, 2022 and 2021. There were no changes in the recorded balance of goodwill during the years ended December 31, 2022 or 2021. The following table presents the changes in goodwill during the year ended December 31, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community ​ Consumer ​ ​ (Dollars in thousands) Banking Finance Total Balance as of January 1, 2020 ​ $ 3,702 ​ $ 10,723 ​ $ 14,425 Acquisition of Peoples Bankshares, Incorporated ​ ​ 10,766 ​ ​ — ​ ​ 10,766 Balance at December 31, 2020 ​ $ 14,468 ​ $ 10,723 ​ $ 25,191 ​ The Corporation had $1.68 million and $1.98 million of other intangible assets as of December 31, 2022 and 2021, respectively. Other intangible assets were recognized in connection with the core deposits acquired from Peoples in 2020 and customer relationships acquired by C&F Wealth Management in 2016. The following table summarizes the gross carrying amounts and accumulated amortization of other intangible assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 ​ $ (464) ​ $ 1,711 ​ $ (325) Other amortizable intangibles ​ 1,405 ​ ​ (973) ​ ​ 1,405 ​ ​ (814) Total ​ $ 3,116 ​ $ (1,437) ​ $ 3,116 ​ $ (1,139) ​ Amortization expense was $298,000, $314,000 and $332,000 for the years ended December 31, 2022, 2021 and 2020, respectively. ​ Estimated future amortization expense by year as of December 31, 2022 is as follows: ​ ​ ​ ​ ​ (Dollars in thousands) ​ 2023 ​ $ 273 2024 ​ 260 2025 ​ 237 2026 ​ 101 2027 ​ ​ 101 Thereafter ​ 707 Total ​ $ 1,679 ​

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases
Leases	NOTE 9: Leases ​ The Corporation’s leases comprise primarily leases of real estate and office equipment in which the Corporation is the lessee. Lease cost for the years ended December 31, 2022, 2021 and 2020 is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Operating lease cost ​ $ 1,008 ​ $ 1,331 ​ $ 1,616 ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use asset ​ ​ 314 ​ ​ 314 ​ ​ 166 ​ Interest on lease liability ​ ​ 125 ​ ​ 129 ​ ​ 70 ​ Short-term lease cost ​ ​ 139 ​ ​ 142 ​ ​ 219 ​ Variable lease cost ​ 97 ​ 46 ​ 52 ​ Total lease cost ​ $ 1,683 ​ $ 1,962 ​ $ 2,123 ​ ​ Interest on lease liability cost is included in “Interest expense – Borrowings” and all other lease costs are included in “Occupancy” on the Consolidated Statements of Income. Variable lease payments primarily represent payments for common area maintenance related to real estate leases and taxes and fees related to equipment leases that are not included in base rent payments and changes in lease payments that are adjusted for inflation. ​ Certain of the Corporation’s leases contain options to extend the lease term beyond the initial term. Options to extend the lease term are recognized as part of the Corporation’s lease liabilities and right-of-use assets at the commencement of a lease to the extent the Corporation is reasonably certain to exercise such options. ​ The Corporation’s right-of-use assets, lease liabilities, weighted average remaining lease term and weighted average discount rate of the Corporation’s leases are set forth in the table below. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, (Dollars in thousands) ​ ​ 2022 2021 Operating leases: ​ ​ ​ ​ ​ ​ ​ Right of use assets ​ $ 2,887 ​ $ 3,221 ​ Lease liabilities ​ ​ 2,965 ​ ​ 3,324 ​ Weighted average remaining lease term (years) ​ ​ 6.5 ​ ​ 7.0 ​ Weighted average discount rate ​ ​ 1.6 % ​ 1.7 % ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ Right of use assets ​ $ 5,565 ​ $ 5,879 ​ Lease liabilities ​ 6,141 ​ 6,346 ​ Weighted average remaining lease term (years) ​ ​ 17.5 ​ ​ 18.5 ​ Weighted average discount rate ​ ​ 2.0 % ​ 2.0 % ​ Right of use assets are included in “Other Assets” on the Consolidated Balance Sheets. Operating lease liabilities are included in “Other Liabilities,” and Finance lease liabilities are included in “Long-term Borrowings” in the Consolidated Balance Sheets. During the year ended December 31, 2022, the Corporation obtained right-of-use assets in exchange for lease liabilities in operating leases of $888,000. During the year ended December 31, 2021, the Corporation obtained right-of-use assets in exchange for lease liabilities in operating leases of $2.48 million. During the year ended December 31, 2020, the Corporation obtained right-of-use assets in exchange for lease liabilities in operating leases and finance leases of $1.11 million and $6.36 million, respectively. ​ Cash paid for amounts included in the measurement of lease liabilities for the years ended December 31, 2022, 2021 and 2020 is set forth in the table below. In addition to the amounts paid shown below, the Corporation received lease incentives of $235,000 related to finance leases during the year ended December 31, 2022, $236,000 related to finance leases during the year ended December 31, 2021 and $115,000 related to operating leases during the year ended December 31, 2020. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Operating leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows ​ $ 1,823 ​ $ 1,313 ​ $ 1,659 ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows ​ ​ 125 ​ ​ 129 ​ ​ 70 ​ Financing cash flows ​ ​ 440 ​ ​ 195 ​ ​ 53 ​ Total cash flows ​ $ 2,388 ​ $ 1,637 ​ $ 1,782 ​ ​ ​ Maturities of the Corporation’s lease liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) ​ Operating Leases ​ Finance Leases 2023 ​ $ 744 ​ $ 310 2024 ​ ​ 759 ​ ​ 346 2025 ​ ​ 472 ​ ​ 355 2026 ​ ​ 303 ​ ​ 364 2027 ​ ​ 123 ​ ​ 373 Thereafter ​ ​ 773 ​ ​ 5,637 Total ​ 3,174 ​ 7,385 Imputed interest ​ (209) ​ (1,244) Lease liabilities ​ $ 2,965 ​ $ 6,141 ​

Time Deposits

Time Deposits	12 Months Ended
	Dec. 31, 2022
Time Deposits
Time Deposits	NOTE 10: Time Deposits ​ Time deposits are summarized as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Certificates of deposit, over $250 ​ $ 105,678 ​ $ 114,533 ​ Other time deposits ​ 275,616 ​ 311,188 ​ ​ ​ $ 381,294 ​ $ 425,721 ​ ​ Remaining maturities on time deposits are as follows: ​ ​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2022 2023 ​ $ 251,040 2024 ​ 99,611 2025 ​ 17,405 2026 ​ 5,916 2027 ​ 5,037 Thereafter ​ 2,285 ​ ​ $ 381,294 ​

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2022
Borrowings
Borrowings	​ NOTE 11: Borrowings ​ The table below presents selected information on short-term borrowings: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) ​ 2022 ​ 2021 Balance outstanding at year end 1 ​ $ 36,592 ​ $ 34,735 ​ Maximum balance at any month end during the year ​ $ 38,051 ​ $ 38,197 ​ Average balance for the year ​ $ 35,630 ​ $ 27,359 ​ Weighted average rate for the year ​ 0.51 % 0.47 % Weighted average rate on borrowings at year end ​ 0.97 % 0.48 % Estimated fair value at year end ​ $ 36,592 ​ $ 34,735 ​ 1 Consists of $34.5 million of repurchase transactions with customers, which generally mature the day following the day sold and are secured by investment securities and $2.1 million of overnight borrowings with the Federal Reserve Bank. ​ Long-term borrowings at December 31, 2022 were comprised of $4.00 million of the Corporation’s subordinated notes due in 2028 (the 2028 Subordinated Notes) and $20.00 million of the Corporation’s subordinated notes due in 2030 (the 2030 Subordinated Notes). The 2028 Subordinated Notes bear interest at a fixed rate of 6.99 percent, and may be redeemed at the option of the Corporation at any time beginning in April 2023. The 2030 Subordinated Notes bear interest at a fixed rate of 4.875 percent until September 2025 and at the three month SOFR plus 475.5 basis points thereafter. The 2030 Subordinated Notes may be redeemed at the option of the Corporation at any time beginning in September 2025. The subordinated notes of the Corporation rank junior to all existing and future senior indebtedness of the Corporation and are structurally subordinated to all existing and future debt and liabilities of the Bank and its subsidiaries. These borrowings are presented in the Consolidated Balance Sheets net of issuance costs and, as applicable, acquisition premium. ​ During the year ended December 31, 2021, the Corporation terminated C&F Finance’s $50.00 million revolving bank line of credit as it was not expected to be utilized during its remaining term. During the year ended December 31, 2020, the Corporation repaid its outstanding revolving bank line of credit balance of $75.03 million and repaid FHLB advances of $44.50 million using excess cash. The Corporation incurred early debt repayment charges of $2.20 million in connection with the payoff of the FHLB advances. ​ ​ The Corporation’s available sources of credit for future borrowings total approximately $432.61 million at December 31, 2022, which consisted of $203.04 million available from the FHLB, $99.57 million available from the FRB, $95.00 million under unsecured federal funds agreements with third party financial institutions and $35.00 million in repurchase lines of credit with third party financial institutions. Credit available from the FHLB is secured by a blanket floating lien on all qualifying closed-end and revolving, open-end loans of C&F Bank secured by 1-4 family residential properties. Credit available from the FRB is secured by liens on specific loans of C&F Bank. Additional loans and securities are available that can be pledged as collateral for future borrowings from the FRB or the FHLB above the current lendable collateral value. ​ C&F Financial Statutory Trust I (Trust I), C&F Financial Statutory Trust II (Trust II) and Central Virginia Bankshares Statutory Trust I (CVBK Trust I) are wholly-owned non-operating subsidiaries of the Corporation, formed for the purpose of issuing trust preferred capital securities. Collectively, these trusts have issued $25.00 million of trust preferred capital securities to institutional investors through private placements and $775,000 in common equity that is held by the Corporation. Trust preferred capital securities of $5.00 million issued by CVBK Trust I, $10.00 million issued by Trust I, and $10.00 million issued by Trust II mature in 2033, 2035 and 2037, respectively, and are redeemable at the Corporation’s option. Each of the trusts is required to make quarterly distributions to the holders of the securities at a rate based on the three-month LIBOR plus a spread of between 1.57 percent and 3.15 percent. During 2022, 2021 and 2020, the Corporation used interest rate swaps in designated cash flow hedges of interest payments on the trust preferred capital securities to mitigate the effects of changes in interest rates. At December 31, 2022, the effect of the interest rate swaps was a fixed rate of interest on the securities issued by CVBK Trust I, Trust I and Trust II of 4.64 percent, 3.32 percent and 5.10 percent, respectively. The principal assets of CVBK Trust I, Trust I and Trust II are trust preferred capital notes of the Corporation of $5.16 million, $10.31 million and $10.31 million, respectively, which have like maturities and like interest rates to the trust preferred capital securities. The interest payments by the Corporation on the notes will be used by the trusts to pay the quarterly distributions on the trust preferred capital securities. The trusts are unconsolidated subsidiaries of the Corporation, and the Corporation’s trust preferred capital notes are presented as liabilities in the Consolidated Balance Sheets net of acquisition discount, as applicable. ​ Subject to certain exceptions and limitations, the Corporation may elect from time to time to defer interest payments on the junior subordinated debt securities, which would result in a deferral of distribution payments on the related capital securities.

Equity, Other Comprehensive Inc

Equity, Other Comprehensive Income and Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Equity, Other Comprehensive Income and Earnings Per Share
Equity, Other Comprehensive Income and Earnings Per Share	NOTE 12: Equity, Other Comprehensive Income and Earnings Per Share ​ Equity and Noncontrolling Interest ​ In November 2021, the 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 2022 (the 2021 Repurchase Program). This share repurchase program expired on November 30, 2022 and as of December 31, 2022, the Corporation has made aggregate common stock repurchases of 89,373 shares for an aggregate amount repurchased of $4.6 million under the 2021 Repurchase Program. On November 15, 2022, the Board of Directors authorized a program, effective December 1, 2022, to repurchase up to $10.0 million of the Corporation’s common stock through December 31, 2023 (the 2022 Repurchase Program). During the year ended December 31, 2022, the Corporation repurchased $5.0 million of its common stock under these share repurchase plans. As of December 31, 2022, there was $9.5 million remaining available for repurchases of the Corporation’s common stock under the 2022 Repurchase Program. ​ During the years ended December 31, 2021 and 2020, the Corporation repurchased 145,185 shares and 16,422 shares of its common stock, respectively, for an aggregate cost of $7.31 million and $630,000, respectively, under share repurchase programs authorized by its Board of Directors. ​ Additionally, during the years ended December 31, 2022, 2021 and 2020, the Corporation withheld 7,696 shares, 19,554 shares and 9,670 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 years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ (45,090) ​ (1,465) ​ 2,607 ​ (43,948) Related income tax effects ​ 9,469 ​ 308 ​ (671) ​ 9,106 ​ ​ ​ (35,621) ​ ​ (1,157) ​ ​ 1,936 ​ ​ (34,842) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassifications into net income ​ ​ — ​ ​ (30) ​ ​ (7) ​ ​ (37) Related income tax effects ​ ​ — ​ ​ 6 ​ ​ 2 ​ ​ 8 ​ ​ ​ — ​ ​ (24) ​ ​ (5) ​ ​ (29) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income, net of tax ​ ​ (35,621) ​ ​ (1,181) ​ ​ 1,931 ​ ​ (34,871) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive (loss) income at December 31, 2022 ​ $ (35,184) ​ $ (3,236) ​ $ 1,462 ​ $ (36,958) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ (4,971) ​ 2,274 ​ 1,216 ​ (1,481) Related income tax effects ​ 1,044 ​ (478) ​ (313) ​ 253 ​ ​ ​ (3,927) ​ ​ 1,796 ​ ​ 903 ​ ​ (1,228) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassifications into net income ​ ​ (42) ​ ​ 1,436 ​ ​ (7) ​ ​ 1,387 Related income tax effects ​ ​ 9 ​ ​ (302) ​ ​ 2 ​ ​ (291) ​ ​ ​ (33) ​ ​ 1,134 ​ ​ (5) ​ ​ 1,096 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income, net of tax ​ ​ (3,960) ​ ​ 2,930 ​ ​ 898 ​ ​ (132) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive income (loss) at December 31, 2021 ​ $ 437 ​ $ (2,055) ​ $ (469) ​ $ (2,087) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Defined Cash ​ ​ ​ ​ Available ​ Benefit ​ Flow ​ ​ (Dollars in thousands) ​ For Sale ​ Plan ​ Hedges ​ Total Accumulated other comprehensive income (loss) at December 31, 2019 ​ $ 1,560 ​ $ (3,740) ​ $ (69) ​ $ (2,249) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) arising during the period ​ 3,629 ​ (1,706) ​ (1,737) ​ 186 Related income tax effects ​ (762) ​ 358 ​ 447 ​ 43 ​ ​ ​ 2,867 ​ ​ (1,348) ​ ​ (1,290) ​ ​ 229 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassifications into net income ​ ​ (38) ​ ​ 131 ​ ​ (11) ​ ​ 82 Related income tax effects ​ ​ 8 ​ ​ (28) ​ ​ 3 ​ ​ (17) ​ ​ ​ (30) ​ ​ 103 ​ ​ (8) ​ ​ 65 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss), net of tax ​ ​ 2,837 ​ ​ (1,245) ​ ​ (1,298) ​ ​ 294 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive income (loss) at December 31, 2020 ​ $ 4,397 ​ $ (4,985) ​ $ (1,367) ​ $ (1,955) ​ ​ The following table provides information regarding the reclassifications from accumulated other comprehensive loss into net income for the years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ Line Item In the Consolidated (Dollars in thousands) 2022 2021 2020 ​ Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassification of net realized gains into net income ​ $ — ​ $ 42 ​ $ 38 ​ Net gains on sales, maturities and calls of available for sale securities Related income tax effects ​ ​ — ​ ​ (9) ​ ​ (8) ​ Income tax expense ​ ​ ​ — ​ ​ 33 ​ ​ 30 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Defined benefit plan: 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassification of recognized net actuarial losses into net income ​ ​ (38) ​ ​ (1,504) ​ ​ (197) ​ Noninterest expenses - Other Amortization of prior service credit into net income ​ ​ 68 ​ ​ 68 ​ ​ 66 ​ Noninterest expenses - Other Related income tax effects ​ ​ (6) ​ ​ 302 ​ ​ 28 ​ Income tax expense ​ ​ ​ 24 ​ ​ (1,134) ​ ​ (103) ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of hedging gains into net income ​ ​ 7 ​ ​ 7 ​ ​ 11 ​ Interest expense - Trust preferred capital notes Related income tax effects ​ ​ (2) ​ ​ (2) ​ ​ (3) ​ Income tax expense ​ ​ ​ 5 ​ ​ 5 ​ ​ 8 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ Total reclassifications into net income ​ $ 29 ​ $ (1,096) ​ $ (65) ​ ​ 1 See “Note 14: Employee Benefit Plans,” for additional information. ​ ​ Earnings Per Share (EPS) ​ The components of the Corporation’s EPS calculations are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Net income attributable to C&F Financial Corporation ​ $ 29,159 ​ $ 28,667 ​ $ 22,117 ​ Weighted average shares outstanding — ​ 3,517,114 ​ 3,604,119 ​ 3,648,696 ​ ​ 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.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Taxes
Income Taxes	NOTE 13: Income Taxes ​ Principal components of income tax expense as reflected in the Consolidated Statements of Income are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Current taxes ​ $ 6,887 ​ $ 9,049 ​ $ 7,612 ​ Deferred taxes ​ 708 ​ (90) ​ (817) ​ ​ ​ $ 7,595 ​ $ 8,959 ​ $ 6,795 ​ ​ Income tax expense for the years ended December 31, 2022, 2021 and 2020 differed from the federal statutory rate applied to income before income taxes for the following reasons: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ (Dollars in thousands) ​ Amount ​ Percent ​ Amount ​ Percent ​ Amount ​ Percent Income tax at statutory rates ​ $ 7,762 21.0 % $ 7,997 21.0 % $ 6,136 ​ 21.0 % State income taxes ​ 536 1.5 ​ 1,340 3.5 ​ 1,449 ​ 5.0 ​ Tax-exempt interest income ​ (427) (1.1) ​ (396) (1.0) ​ (493) ​ (1.7) ​ Excess compensation ​ ​ — ​ — ​ ​ 571 ​ 1.5 ​ ​ 328 ​ 1.1 ​ Change in tax law ​ ​ — ​ — ​ ​ — ​ — ​ ​ (326) ​ (1.1) ​ Income from bank-owned life insurance ​ ​ (130) ​ (0.4) ​ ​ (110) ​ (0.3) ​ ​ (107) ​ (0.4) ​ Investments in qualified housing projects ​ ​ (56) ​ (0.2) ​ ​ (48) ​ (0.1) ​ ​ (82) ​ (0.3) ​ Share based compensation ​ (37) (0.1) ​ (83) (0.2) ​ ​ (77) ​ (0.3) ​ Contribution of real property ​ ​ — ​ — ​ ​ (107) ​ (0.3) ​ ​ — ​ — ​ Merger related expenses ​ ​ — ​ — ​ ​ — ​ — ​ ​ 29 ​ 0.1 ​ Other ​ (53) (0.1) ​ (205) (0.5) ​ (62) ​ (0.2) ​ ​ ​ $ 7,595 20.6 % $ 8,959 23.6 % $ 6,795 23.2 % ​ The Coronavirus Aid, Relief, and Economic Security Act, (CARES Act), enacted in March 2020, included a provision that allowed net operating losses generated in years prior to 2020 to be carried back for up to five tax years. Previously, tax law only allowed for net operating losses to be carried forward to future tax years. During 2020, the Corporation recognized income tax benefits of $326,000 related to net operating losses generated by Peoples in 2019, which were able to be applied to years prior to 2018 at higher income tax rates than the current statutory rate as a result of the CARES Act. ​ The Corporation’s net deferred income taxes totaled $22.01 million and $13.61 million at December 31, 2022 and 2021, respectively. The tax effects of each type of significant item that gave rise to deferred taxes are: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) ​ 2022 ​ 2021 Deferred tax assets ​ ​ ​ ​ ​ ​ ​ Allowances for loan losses ​ $ 10,108 ​ $ 9,960 ​ Nonqualified defined contribution plan ​ 4,128 ​ 3,948 ​ Lease liabilities ​ ​ 1,967 ​ ​ 2,057 ​ Fair value adjustments related to business combinations ​ 711 ​ 1,119 ​ Share-based compensation ​ 897 ​ 752 ​ Reserve for indemnification losses ​ 586 ​ 821 ​ Accrued expenses ​ ​ 396 ​ ​ 352 ​ Cash flow hedges ​ — ​ 158 ​ Net unrealized loss on securities available for sale ​ ​ 9,353 ​ ​ — ​ Other ​ 845 ​ 1,275 ​ Deferred tax assets ​ 28,991 ​ 20,442 ​ Deferred tax liabilities ​ ​ ​ ​ ​ ​ ​ Goodwill and other intangible assets ​ (3,068) ​ (3,114) ​ Right of use assets ​ ​ (1,830) ​ ​ (1,938) ​ Depreciation ​ (917) ​ (989) ​ Net unrealized gain on securities available for sale ​ — ​ (116) ​ Defined benefit plan ​ (649) ​ (677) ​ Cash flow hedges ​ ​ (513) ​ ​ — ​ Deferred tax liabilities ​ (6,977) ​ (6,834) ​ Net deferred tax assets ​ $ 22,014 ​ $ 13,608 ​ ​ The Corporation files income tax returns in the U.S. federal jurisdiction and several states. With few exceptions, the Corporation is no longer subject to U.S. federal, state and local income tax examinations by tax authorities for years prior to 2019.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2022
Employee Benefit Plans
Employee Benefit Plans	NOTE 14: Employee Benefit Plans ​ The Corporation’s subsidiaries maintain defined contribution plans that provide the opportunity for voluntary tax-qualified deferral to substantially all of its full-time employees who are at least 18 years of age. These plans also provide for employer contributions as a discretionary or non-discretionary matching contribution and in some cases as a discretionary profit-sharing contribution to the account of each participant. The total expense recognized in connection with these qualified defined contribution plans for 2022, 2021 and 2020 were $1.44 million, $2.03 million and $2.09 million, respectively. ​ C&F Bank has a non-contributory, defined benefit pension plan (Cash Balance Plan) for many of its full-time employees over 21 years of age. During 2021, C&F Bank amended its Cash Balance Plan and closed the plan to new entrants hired after December 31, 2021. Benefits earned by participants in the plan hired before January 1, 2022 were not affected by the amendment and will continue to accrue for active participants. Under the Cash Balance Plan, the benefit account for each participant will grow each year with annual pay credits based on age and years of service and monthly interest credits based on the yield on 30-year Treasuries plus 150 basis points, but no less than three percent. C&F Bank funds pension costs in accordance with the funding provisions of the Employee Retirement Income Security Act. ​ The Corporation has a nonqualified deferred compensation plan for certain executives. The plan allows for elective deferrals of salary, bonus and commissions. The plan also allows for discretionary employer contributions to enhance retirement benefits by supplementing the benefits provided under tax-qualified plans. Expenses under this plan were $345,000, $296,000 and $465,000 in 2022, 2021 and 2020, respectively. The deferred compensation liability under the nonqualified plan is not required to be funded, however, the currently liability is funded and held in a rabbi trust and invested according to participant elections. These investments are included in other assets and the related liability is included in other liabilities. ​ In 2014, the Corporation approved an additional compensation benefit for the Corporation’s Chief Executive Officer at the time to provide post-retirement medical and dental coverage for him and his spouse for life. Expense recognized for this arrangement in 2022 and 2021 was $10,000 and $15,000, respectively. There was no expense recognized for this arrangement in 2020. The related liability is included in other liabilities. ​ The following table summarizes the projected benefit obligations, plan assets, funded status and related assumptions associated with the Cash Balance Plan based upon actuarial valuations. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Change in benefit obligation ​ ​ ​ ​ ​ ​ ​ Projected benefit obligation, beginning ​ $ 20,247 ​ $ 24,643 ​ Service cost ​ 1,837 ​ 1,970 ​ Interest cost ​ 492 ​ 458 ​ Actuarial gain ​ (5,190) ​ (1,248) ​ Benefits paid ​ (2,119) ​ (210) ​ Settlements paid ​ ​ — ​ ​ (5,366) ​ Projected benefit obligation, ending ​ ​ 15,267 ​ ​ 20,247 ​ Change in plan assets ​ ​ ​ ​ ​ ​ ​ Fair value of plan assets, beginning ​ ​ 23,470 ​ ​ 26,287 ​ Actual return on plan assets ​ (4,995) ​ 2,759 ​ Employer contributions ​ 2,000 ​ — ​ Benefits paid ​ ​ (2,119) ​ ​ (210) ​ Settlements paid ​ — ​ (5,366) ​ Fair value of plan assets, ending ​ ​ 18,356 ​ ​ 23,470 ​ Funded status ​ $ 3,089 ​ $ 3,223 ​ Amounts recognized as an other asset ​ $ 3,089 ​ $ 3,223 ​ Amounts recognized in accumulated other comprehensive loss ​ ​ ​ ​ ​ ​ ​ Net loss ​ $ 4,397 ​ $ 2,970 ​ Prior service credits ​ (302) ​ (370) ​ Deferred taxes ​ (859) ​ (545) ​ Total recognized in accumulated other comprehensive loss ​ $ 3,236 ​ $ 2,055 ​ Weighted-average assumptions for benefit obligation at valuation date ​ ​ ​ ​ ​ ​ ​ Discount rate ​ 4.9 % 2.5 % Rate of compensation increase ​ 3.0 ​ 3.0 ​ Interest crediting rate ​ 5.0 ​ 5.0 ​ ​ The accumulated benefit obligation was $15.27 million and $20.25 million as of the actuarial valuation dates December 31, 2022 and 2021, respectively. The actuarial gain of $5.19 million on the projected benefit obligation for 2022 and the actuarial gain of $1.25 million on the projected benefit obligation for 2021 were due primarily to fluctuations in the discount rate as well as demographic changes in the population. ​ The Cash Balance Plan contains provisions that allow participants the option of receiving their pension benefits in a lump sum upon retirement or, in certain cases, prior to retirement. The Corporation’s accounting policy is to record these payments as a settlement only if, in the aggregate for a given year, they exceed the sum of the annual service cost and interest cost for the Cash Balance Plan. During the year ended December 31, 2021, lump sum pension settlement payments to retired and active participants totaled $5.37 million, which exceeded the settlement threshold, and as a result, the Corporation recognized non-cash settlement charges totaling $1.26 million before income taxes during 2021. The non-cash charge accelerated the recognition of a portion of previously unrecognized net actuarial losses in accumulated other comprehensive loss. There were no lump sum pension settlement payments which exceeded the settlement threshold during 2022. ​ The following table summarizes the components of net periodic benefit cost and related assumptions associated with the Cash Balance Plan. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost, included in salaries and employee benefits ​ $ 1,837 ​ $ 1,970 ​ $ 1,603 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 492 ​ 458 ​ 551 ​ Expected return on plan assets ​ (1,660) ​ (1,733) ​ (1,492) ​ Amortization of prior service credit ​ (68) ​ (68) ​ (66) ​ Pension settlement charges ​ — ​ 1,261 ​ — ​ Recognized net actuarial losses ​ 38 ​ 243 ​ 197 ​ Other components of net periodic benefit cost, included in other noninterest expense ​ ​ (1,198) ​ ​ 161 ​ ​ (810) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost ​ $ 639 ​ $ 2,131 ​ $ 793 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1, ​ 2022 2021 2020 Weighted-average assumptions for net periodic benefit cost ​ ​ ​ ​ ​ ​ ​ Discount rate 2.5 % 2.1 % 2.9 % Expected return on plan assets 7.3 ​ 7.3 ​ 7.3 ​ Rate of compensation increase 3.0 ​ 3.0 ​ 3.0 ​ Interest crediting rate ​ 5.0 ​ 5.0 ​ 5.0 ​ ​ The benefits expected to be paid by the plan in the next ten years are as follows: ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ 2023 ​ $ 814 ​ 2024 ​ 1,305 ​ 2025 ​ 1,828 ​ 2026 ​ 950 ​ 2027 ​ 910 ​ 2028 – 2032 ​ 10,023 ​ ​ C&F Bank selects the expected long-term rate of return on assets in consultation with its investment advisors and actuary. This rate is intended to reflect the average rate of earnings expected to be earned on the funds invested or to be invested to provide plan benefits. Historical performance is reviewed, especially with respect to real rates of return (net of inflation), for the major asset classes held or anticipated to be held by the trust and for the trust itself. Undue weight is not given to recent experience, which may not continue over the measurement period. Higher significance is placed on current forecasts of future long-term economic conditions. ​ Because assets are held in a qualified trust, anticipated returns are not reduced for taxes. Further, solely for this purpose, the plan is assumed to continue in force and not terminate during the period during which assets are invested. However, consideration is given to the potential impact of current and future investment policy, cash flow into and out of the trust, and expenses (both investment and non-investment) typically paid from plan assets (to the extent such expenses are not explicitly within periodic costs). ​ C&F Bank’s defined benefit pension plan’s weighted average asset allocations by asset category are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2022 2021 Mutual funds-fixed income 38 % 38 % Mutual funds-equity 62 ​ 62 ​ Cash and equivalents ​ * ​ * ​ ​ 100 % 100 % * Less than one percent. ​ The following table summarizes the fair value of the defined benefit plan assets as of December 31, 2022 and 2021. For more information about fair value measurements, see “Note 19: Fair Value of Assets and Liabilities.” ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Fair Value Measurements Using ​ Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Mutual funds-fixed income 1 ​ $ 6,975 ​ $ — ​ $ — ​ $ 6,975 ​ Mutual funds-equity 2 ​ 11,381 ​ — ​ — ​ 11,381 ​ Cash and equivalents 3 ​ — ​ — ​ — ​ — ​ Total pension plan assets ​ $ 18,356 ​ $ — ​ $ — ​ $ 18,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Fair Value Measurements Using ​ Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Mutual funds-fixed income 1 ​ $ 8,919 ​ $ — ​ $ — ​ $ 8,919 ​ Mutual funds-equity 2 ​ 14,551 ​ — ​ — ​ 14,551 ​ Cash and equivalents 3 ​ — ​ — ​ — ​ — ​ Total pension plan assets ​ $ 23,470 ​ $ — ​ $ — ​ $ 23,470 ​ 1 This category includes investments in mutual funds focused on fixed income securities with both short-term and long-term investments. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the funds. 2 This category includes investments in mutual funds focused on equity securities with a diversified portfolio and includes investments in large cap and small cap funds, growth funds, international focused funds and value funds. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the funds. 3 This category comprises cash and short-term cash equivalent funds. The funds are valued at cost which approximates fair value. ​ The trust fund is sufficiently diversified to maintain a reasonable level of risk without imprudently sacrificing return, with a targeted asset allocation of 40 percent fixed income and 60 percent equities. The investment advisor selects investment fund managers with demonstrated experience and expertise, and funds with demonstrated historical performance, for the implementation of the plan’s investment strategy. The investment manager will consider both actively and passively managed investment strategies and will allocate funds across the asset classes to develop an efficient investment structure. ​ It is the responsibility of the trustee to administer the investments of the trust within reasonable costs, being careful to avoid sacrificing quality. These costs include, but are not limited to, management and custodial fees, consulting fees, transaction costs and other administrative costs chargeable to the trust.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2022
Related Party Transactions
Related Party Transactions	NOTE 15: Related Party Transactions ​ Loans outstanding to the Corporation’s management, including directors and senior officers and certain of their affiliates, totaled $1.53 million and $1.73 million at December 31, 2022 and 2021, respectively. For the year ended December 31, 2022, the Corporation made $4,000 new loan advances to directors and senior officers and received repayments totaling $196,000. Total deposits of directors and senior officers and their related interests were $5.02 million and $5.96 million at December 31, 2022 and 2021, respectively. In the opinion of management, these transactions were made in the ordinary course of business on substantially the same terms and conditions, including interest rates, collateral and repayment terms, as those prevailing at the same time for comparable transactions with unrelated persons, and, in the opinion of management and the Corporation’s Board of Directors, do not involve more than normal risk or present other unfavorable features. ​

Share-Based Plans

Share-Based Plans	12 Months Ended
	Dec. 31, 2022
Share-Based Plans
Share-Based Plans	NOTE 16: Share-Based Plans ​ On April 19, 2022, the Corporation’s shareholders approved the C&F Financial Corporation 2022 Stock and Incentive Compensation Plan, (the 2022 Plan) for the grant of equity awards to certain key employees of the Corporation, as well as non-employee directors and consultants. The 2022 Plan authorizes the Corporation to issue equity awards in the form of stock options, restricted stock, restricted stock units and other stock-based awards. Since the 2022 Plan’s approval, equity awards have only been issued in the form of restricted stock. ​ Prior to the approval of the 2022 Plan, the Corporation granted equity awards under the 2013 Stock and Incentive Compensation Plan, (the 2013 Plan). The 2013 Plan authorized the Corporation to issue equity awards in the form of stock options, tandem stock appreciation rights, restricted stock, restricted stock units and/or other stock-based awards. Since the 2013 Plan’s approval, equity awards have only been issued in the form of restricted stock. ​ As permitted under the plans, the Corporation awards shares of restricted stock to certain key employees, non-employee directors and consultants. Restricted shares awarded to employees generally vest over periods up to five years , and restricted shares awarded to non-employee directors generally vest over periods up to three years . A summary of the activity for restricted stock awards for the periods indicated is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ ​ Weighted- ​ Weighted- ​ Weighted- ​ ​ ​ ​ Average ​ ​ ​ Average ​ ​ ​ Average ​ ​ ​ ​ Grant Date ​ ​ ​ Grant Date ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value ​ Shares ​ Fair Value ​ Shares ​ Fair Value Nonvested at beginning of year 140,577 ​ $ 48.57 155,945 ​ $ 48.52 142,020 ​ $ 48.88 ​ Granted ​ 36,435 ​ 54.18 41,912 ​ 47.83 47,385 ​ 42.01 ​ Vested (26,200) ​ 54.73 (51,305) ​ 48.11 (30,550) ​ 39.84 ​ Cancelled (5,135) ​ 48.28 (5,975) ​ 45.87 (2,910) ​ 53.46 ​ Nonvested at end of year 145,677 ​ ​ 48.88 140,577 ​ ​ 48.57 155,945 ​ ​ 48.52 ​ ​ ​ The fair value of shares that vested during the years ended December 31, 2022, 2021 and 2020 were $1.39 million, $2.42 million, and $1.37 million, respectively. Compensation is accounted for using the fair value of the Corporation’s common stock on the date the restricted shares are awarded. Compensation expense is charged to income ratably over the required service periods and was $1.97 million ($1.42 million after income taxes) in 2022, $1.70 million ($1.16 million after income taxes) in 2021 and $1.45 million ($981,000 after income taxes) in 2020. As of December 31, 2022, there was $3.52 million of total unrecognized compensation cost related to restricted stock granted under the plan. This amount is expected to be recognized through 2027.

Regulatory Requirements and Res

Regulatory Requirements and Restrictions	12 Months Ended
	Dec. 31, 2022
Regulatory Requirements and Restrictions
Regulatory Requirements and Restrictions	NOTE 17: Regulatory Requirements and Restrictions ​ The Bank is subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, and possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Corporation’s and the Bank’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve quantitative measures of the Bank’s assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. The Bank’s capital amounts and classification are subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Federal banking regulations also impose regulatory capital requirements on bank holding companies. Under the small bank holding company policy statement of the FRB, which applies to certain bank holding companies with consolidated total assets of less than $3 billion, the Corporation is not subject to regulatory capital requirements. ​ As of December 31, 2022, the most recent notification from the FDIC categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized under regulations applicable at December 31, 2022, the Bank was required to maintain minimum total risk-based, Tier 1 risk-based, CET1 risk-based and Tier 1 leverage ratios as set forth in the tables below. The total capital ratio, Tier 1 capital ratio and CET1 ratio are calculated as a percentage of risk-weighted assets. The Tier 1 leverage ratio is calculated as a percentage of average tangible assets. ​ The Corporation’s and the Bank’s actual capital amounts and ratios as of December 31, 2022 and 2021 are presented in the following tables along with regulatory requirements for the Bank and requirements that apply to bank holding companies that are subject to regulatory capital requirements for bank holding companies. The Corporation’s consolidated capital is determined under regulations that apply to bank holding companies that are not small bank holding companies. Although the minimum regulatory capital requirements are not applicable to the Corporation, the Corporation calculates these ratios for its own planning and monitoring purposes. Total risk-weighted assets at December 31, 2022 for the Corporation were $1.82 billion and for the Bank were $1.80 billion. Total risk-weighted assets at December 31, 2021 for the Corporation were $1.64 billion and for the Bank were $1.61 billion. Management believes that, as of December 31, 2022, the Bank met all capital adequacy requirements to which it is subject. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ Well Capitalized ​ ​ ​ Actual ​ Requirements ​ Requirements ​ (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio The Corporation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital ratio ​ $ 280,606 ​ 15.4 % $ 145,958 ​ 8.0 % $ N/A ​ N/A % Tier 1 risk-based capital ratio ​ ​ 233,581 ​ 12.8 ​ ​ 109,468 ​ 6.0 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 capital ratio ​ ​ 208,581 ​ 11.4 ​ ​ 82,101 ​ 4.5 ​ ​ N/A ​ N/A ​ Tier 1 leverage ratio ​ ​ 233,581 ​ 9.9 ​ ​ 94,562 ​ 4.0 ​ ​ N/A ​ N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital ratio ​ $ 255,719 ​ 14.2 % $ 144,074 ​ 8.0 % $ 180,093 ​ 10.0 % Tier 1 risk-based capital ratio ​ ​ 232,985 ​ 12.9 ​ ​ 108,056 ​ 6.0 ​ ​ 144,074 ​ 8.0 ​ Common Equity Tier 1 capital ratio ​ ​ 232,985 ​ 12.9 ​ ​ 81,042 ​ 4.5 ​ ​ 117,060 ​ 6.5 ​ Tier 1 leverage ratio ​ ​ 232,985 ​ 9.9 ​ ​ 93,856 ​ 4.0 ​ ​ 117,320 ​ 5.0 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ Well Capitalized ​ ​ ​ Actual ​ Requirements ​ Requirements ​ (Dollars in thousands) ​ Amount Ratio Amount Ratio Amount Ratio ​ The Corporation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital ratio ​ $ 257,779 ​ 15.8 % $ 130,817 ​ 8.0 % $ N/A ​ N/A % Tier 1 risk-based capital ratio ​ ​ 213,095 ​ 13.0 ​ ​ 98,113 ​ 6.0 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 capital ratio ​ ​ 188,095 ​ 11.5 ​ ​ 73,585 ​ 4.5 ​ ​ N/A ​ N/A ​ Tier 1 leverage ratio ​ ​ 213,095 ​ 9.7 ​ ​ 88,121 ​ 4.0 ​ ​ N/A ​ N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital ratio ​ $ 233,780 ​ 14.5 % $ 128,701 ​ 8.0 % $ 160,876 ​ 10.0 % Tier 1 risk-based capital ratio ​ ​ 213,423 ​ 13.3 ​ ​ 96,526 ​ 6.0 ​ ​ 128,701 ​ 8.0 ​ Common Equity Tier 1 capital ratio ​ ​ 213,423 ​ 13.3 ​ ​ 72,394 ​ 4.5 ​ ​ 104,569 ​ 6.5 ​ Tier 1 leverage ratio ​ ​ 213,423 ​ 9.8 ​ ​ 87,184 ​ 4.0 ​ ​ 108,980 ​ 5.0 ​ ​ The Basel III rules established a “capital conservation buffer” of additional capital of 2.5 percent above the regulatory minimum risk-based capital ratios, which is not included in the tables above. Including the capital conservation buffer, the minimum ratios are a common equity Tier I risk-based capital ratio of 7.0 percent, a Tier I risk-based capital ratio of 8.5 percent and a total risk-based capital ratio of 10.5 percent. The Corporation and the Bank exceeded these ratios at December 31, 2022 and 2021. ​ Between 2003 and 2007, the Corporation’s statutory business trusts issued $25.00 million of aggregate trust preferred securities. Based on the Corporation’s Tier 1 capital levels, the entire $25.00 million of trust preferred securities was included in the Corporation’s Tier 1 capital as of December 31, 2022 and 2021. The Corporation’s 2028 Subordinated Notes, assumed upon the acquisition of Peoples in 2020, and the Corporation’s 2030 Subordinated Notes, issued in 2020, each qualify for inclusion in Tier 2 capital of the Corporation. In each case, the amount included in regulatory capital with respect to trust preferred securities or subordinated notes may be reduced as those instruments near maturity. ​ Federal and state banking regulations place certain restrictions on dividends paid and loans or advances made by C&F Bank to the Corporation. The total amount of dividends that may be paid at any date by C&F Bank is generally limited to the retained earnings of C&F Bank, while other measures of capital adequacy may also restrict the Bank’s ability to declare dividends.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	12 Months Ended
	Dec. 31, 2022
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	NOTE 18: 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 credit-worthiness on a case-by-case basis. The amount of loan commitments at the Bank was $394.75 million at December 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 21. ​ 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 $16.26 million at December 31, 2022 and $15.11 million at December 31, 2021. ​ The mortgage banking segment sells the majority of the residential mortgage loans it originates to third-party investors. Additionally, the community banking segment purchases residential mortgage loans from the mortgage banking segment under terms and conditions similar 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. During the year ended December 31, 2022, the Corporation recorded a net reversal of provision for indemnifications of $858,000 , compared to a net reversal of provision for indemnifications of $104,000 for the year ended December 31, 2021, which is included in “Noninterest Expenses – Other” on the Consolidated Statements of Income. The following table presents the changes in the allowance for indemnification losses for the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ (Dollars in thousands) 2022 2021 Allowance, beginning of period ​ $ 3,252 ​ $ 3,356 ​ Net reversal of provision for indemnification losses ​ (858) ​ (104) ​ Payments ​ — ​ — ​ Allowance, end of period ​ $ 2,394 ​ $ 3,252 ​ ​

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	12 Months Ended
	Dec. 31, 2022
Fair Value of Assets and Liabilities
Fair Value of Assets and Liabilities	NOTE 19: 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 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. ​ Other investments. ​ The Corporation also holds certain equity investments consisting of equity interests in an independent insurance agency and a full service title and settlement agency (collectively, the agencies). These investments are subject to contractual sale restrictions that only permit the sale of the investments back to the agencies themselves. Prior to the fourth quarter of 2022, these investments were recorded at cost. In connection with a change in accounting policy for these investments, fair value adjustments were recorded in the fourth quarter of 2022, which resulted in the one-time recognition of additional other income of $2.7 million ($2.2 million after income taxes). At December 31, 2022, the fair value of these investments was $3.65 million. These investments are recorded at fair value based on the contractual redemption value of Corporation’s proportionate share of the agencies equity and included in other assets in the Consolidated Balance Sheets. Changes in fair value are recognized in net income and resulted in the recognition of unrealized gains of $2.86 million for the year ended December 31, 2022. The Corporation’s investments in these agencies are classified as Level 2. 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 ​ $ — ​ $ 58,833 ​ $ — ​ $ 58,833 ​ U.S. government agencies and corporations ​ ​ — ​ ​ 130,274 ​ ​ — ​ ​ 130,274 ​ Mortgage-backed securities ​ — ​ 179,918 ​ — ​ 179,918 ​ Obligations of states and political subdivisions ​ — ​ 120,827 ​ — ​ 120,827 ​ Corporate and other debt securities ​ ​ — ​ ​ 22,739 ​ ​ — ​ ​ 22,739 ​ Total securities available for sale ​ — ​ 512,591 ​ — ​ 512,591 ​ Loans held for sale ​ — ​ 14,259 ​ — ​ 14,259 ​ Other investments ​ ​ — ​ ​ 3,649 ​ ​ — ​ ​ 3,649 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ — ​ 391 ​ — ​ 391 ​ Interest rate swaps on loans ​ ​ — ​ ​ 6,328 ​ ​ — ​ ​ 6,328 ​ Cash flow hedges ​ — ​ 1,941 ​ — ​ 1,941 ​ Total assets ​ $ — ​ $ 539,159 ​ $ — ​ $ 539,159 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ $ — ​ $ 6,328 ​ $ — ​ $ 6,328 ​ Total liabilities ​ $ — ​ $ 6,328 ​ $ — ​ $ 6,328 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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. ​ OREO. ​ At December 31, 2022 and 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 December 31, 2022 Classified as Total Fair (Dollars in thousands) ​ Value ​ Level 1 ​ Level 2 ​ Level 3 ​ Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and short-term investments ​ $ 28,898 ​ $ 26,661 ​ $ 2,189 ​ $ — ​ $ 28,850 ​ Securities available for sale ​ 512,591 ​ ​ — ​ 512,591 ​ ​ — ​ 512,591 ​ Loans, net ​ 1,595,200 ​ — ​ — ​ 1,538,062 ​ 1,538,062 ​ Loans held for sale ​ 14,259 ​ — ​ 14,259 ​ — ​ 14,259 ​ Other investments ​ ​ 3,649 ​ ​ — ​ ​ 3,649 ​ ​ — ​ ​ 3,649 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ ​ 391 ​ ​ — ​ ​ 391 ​ ​ — ​ ​ 391 ​ Interest rate swaps on loans ​ ​ 6,328 ​ ​ — ​ ​ 6,328 ​ ​ — ​ ​ 6,328 ​ Cash flow hedges ​ ​ 1,941 ​ ​ — ​ ​ 1,941 ​ ​ — ​ ​ 1,941 ​ Bank-owned life insurance ​ ​ 20,909 ​ ​ — ​ ​ 20,909 ​ ​ — ​ ​ 20,909 ​ Accrued interest receivable ​ 8,982 ​ 8,982 ​ — ​ — ​ 8,982 ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand and savings deposits ​ ​ 1,622,566 ​ ​ 1,622,566 ​ ​ — ​ ​ — ​ ​ 1,622,566 ​ Time deposits ​ 381,294 ​ — ​ 374,267 ​ — ​ 374,267 ​ Borrowings ​ 85,943 ​ — ​ 71,906 ​ — ​ 71,906 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ ​ 6,328 ​ ​ — ​ ​ 6,328 ​ ​ — ​ ​ 6,328 ​ Accrued interest payable ​ 950 ​ 950 ​ — ​ — ​ 950 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 1,742 ​ $ — ​ $ 269,487 ​ 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	12 Months Ended
	Dec. 31, 2022
Business Segments
Business Segments	NOTE 20: Business Segments ​ The Corporation operates in a decentralized fashion in three business segments: community banking, mortgage banking and consumer finance. Beginning with the first quarter of 2021, the community banking segment comprises C&F Bank and C&F Wealth Management. Prior to 2021, the segment comprised only C&F Bank, and prior periods have been restated to conform to the current period presentation. Revenues from community banking operations consist primarily of net interest income related to investments in loans and securities and outstanding deposits and borrowings, fees earned on deposit accounts and debit card interchange activity, and net revenues from offering wealth management services and insurance products through third-party service providers. Mortgage banking 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 operations 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. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 72,568 ​ $ 2,036 ​ $ 42,441 ​ $ — ​ $ (15,691) ​ $ 101,354 ​ Interest expense ​ 5,532 ​ ​ 662 ​ 15,124 ​ 2,358 ​ (15,786) ​ 7,890 ​ Net interest income ​ 67,036 ​ 1,374 ​ 27,317 ​ (2,358) ​ 95 ​ 93,464 ​ Gain on sales of loans ​ ​ — ​ ​ 7,963 ​ ​ — ​ ​ — ​ ​ (465) ​ ​ 7,498 ​ Other noninterest income ​ ​ 19,250 ​ ​ 4,856 ​ ​ 320 ​ ​ (3,230) ​ ​ (212) ​ ​ 20,984 ​ Net revenue ​ 86,286 ​ 14,193 ​ 27,637 ​ (5,588) ​ (582) ​ 121,946 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ (600) ​ 32 ​ ​ 3,740 ​ ​ — ​ ​ — ​ 3,172 ​ Noninterest expense ​ 56,718 ​ 12,580 ​ ​ 14,554 ​ ​ (1,982) ​ ​ (60) ​ 81,810 ​ Income (loss) before taxes ​ 30,168 ​ 1,581 ​ 9,343 ​ (3,606) ​ (522) ​ 36,964 ​ Income tax expense (benefit) ​ 5,794 ​ 371 ​ ​ 2,512 ​ ​ (973) ​ (109) ​ 7,595 ​ Net income (loss) ​ $ 24,374 ​ $ 1,210 ​ $ 6,831 ​ $ (2,633) ​ $ (413) ​ $ 29,369 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 3,265 ​ $ 66 ​ $ 17 ​ $ — ​ $ — ​ $ 3,348 ​ Depreciation and amortization ​ $ 3,720 ​ $ 226 ​ $ 410 ​ $ — ​ $ — ​ $ 4,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 62,402 ​ $ 3,845 ​ $ 37,803 ​ $ — ​ $ (10,322) ​ $ 93,728 ​ Interest expense ​ 5,693 ​ ​ 1,157 ​ 9,503 ​ 2,349 ​ (10,343) ​ 8,359 ​ Net interest income ​ 56,709 ​ 2,688 ​ 28,300 ​ (2,349) ​ 21 ​ 85,369 ​ Gain on sales of loans ​ ​ — ​ ​ 22,370 ​ ​ — ​ ​ — ​ ​ (91) ​ ​ 22,279 ​ Other noninterest income ​ ​ 15,208 ​ ​ 9,192 ​ ​ 378 ​ ​ 2,207 ​ ​ (101) ​ ​ 26,884 ​ Net revenue ​ 71,917 ​ 34,250 ​ 28,678 ​ (142) ​ (171) ​ 134,532 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ (200) ​ (45) ​ ​ 820 ​ ​ — ​ ​ — ​ 575 ​ Noninterest expense ​ 54,981 ​ 23,328 ​ ​ 14,213 ​ ​ 3,375 ​ ​ (22) ​ 95,875 ​ Income (loss) before taxes ​ 17,136 ​ 10,967 ​ 13,645 ​ (3,517) ​ (149) ​ 38,082 ​ Income tax expense (benefit) ​ 3,051 ​ 3,284 ​ ​ 3,685 ​ ​ (1,030) ​ (31) ​ 8,959 ​ Net income (loss) ​ $ 14,085 ​ $ 7,683 ​ $ 9,960 ​ $ (2,487) ​ $ (118) ​ $ 29,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 878 ​ $ 164 ​ $ 3,744 ​ $ — ​ $ — ​ $ 4,786 ​ Depreciation and amortization ​ $ 4,113 ​ $ 256 ​ $ 372 ​ $ — ​ $ — ​ $ 4,741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 62,173 ​ $ 4,954 ​ $ 38,949 ​ $ — ​ $ (9,163) ​ $ 96,913 ​ Interest expense ​ 10,630 ​ ​ 1,579 ​ 8,726 ​ 1,611 ​ (9,164) ​ 13,382 ​ Net interest income ​ 51,543 ​ 3,375 ​ 30,223 ​ (1,611) ​ 1 ​ 83,531 ​ Gain on sales of loans ​ ​ 3,489 ​ ​ 25,792 ​ ​ — ​ ​ — ​ ​ (57) ​ ​ 29,224 ​ Other noninterest income ​ ​ 12,896 ​ ​ 9,985 ​ ​ 492 ​ ​ 2,040 ​ ​ (30) ​ ​ 25,383 ​ Net revenue ​ 67,928 ​ 39,152 ​ 30,715 ​ 429 ​ (86) ​ 138,138 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ 4,600 ​ 10 ​ ​ 6,470 ​ ​ — ​ ​ — ​ 11,080 ​ Noninterest expense ​ 56,770 ​ 24,014 ​ ​ 13,828 ​ ​ 3,227 ​ ​ — ​ 97,839 ​ Income (loss) before taxes ​ 6,558 ​ 15,128 ​ 10,417 ​ (2,798) ​ (86) ​ 29,219 ​ Income tax expense (benefit) ​ 411 ​ 4,392 ​ ​ 2,805 ​ ​ (795) ​ (18) ​ 6,795 ​ Net income (loss) ​ $ 6,147 ​ $ 10,736 ​ $ 7,612 ​ $ (2,003) ​ $ (68) ​ $ 22,424 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 6,528 ​ $ 354 ​ $ 3,346 ​ $ — ​ $ — ​ $ 10,228 ​ Depreciation and amortization ​ $ 3,733 ​ $ 281 ​ $ 175 ​ $ — ​ $ — ​ $ 4,189 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated ​ Total assets at December 31, 2022 ​ $ 2,206,299 ​ $ 24,500 ​ $ 479,864 ​ $ 43,241 ​ $ (421,587) ​ $ 2,332,317 ​ Total assets at December 31, 2021 ​ $ 2,131,391 ​ $ 105,547 ​ $ 372,292 ​ $ 44,897 ​ $ (389,606) ​ $ 2,264,521 ​ ​ No merger related expenses were recorded during the year ended December 31, 2022 or 2021. During the year ended December 31, 2020, the Corporation recorded merger related expenses of $1.40 million ($1.13 million after income taxes), in connection with its acquisition of Peoples, of which $1.30 million ($1.03 million after income taxes) was allocated to the community banking segment and recorded as $119,000 of salaries and benefits expense, $879,000 of other noninterest expense and a loss on disposal of equipment of $298,000 included in other noninterest income. The remainder was recorded as other noninterest expense at the holding company. ​ The community banking segment extends two warehouse lines of credit to the mortgage banking segment, providing a portion of the funds needed to originate mortgage loans. The community banking segment charges the mortgage banking segment interest at the daily FHLB advance rate plus a spread ranging from 50 basis points to 175 basis points. The community banking segment also provides the consumer finance segment with a portion of the funds needed to purchase loan contracts by means of variable rate notes that carry interest at one-month term SOFR plus 211.5 basis points, with a floor of 3.5 percent and a ceiling of 6.0 percent, and fixed rate notes that carry interest at rates ranging from 2.5 percent to 5.1 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.

Derivative Financial Instrument

Derivative Financial Instruments	12 Months Ended
	Dec. 31, 2022
Derivative Financial Instruments
Derivative Financial Instruments	NOTE 21: 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 (loss). 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 (loss) 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 (loss) 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 December 31, 2022, the mortgage banking segment had $42.28 million of IRLCs and $16.41 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using best-efforts forward sales contracts for $58.69 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 December 31, 2022 and 2021. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Notional ​ ​ (Dollars in thousands) ​ Amount ​ Assets ​ Liabilities ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap contracts ​ $ 25,000 ​ $ 1,941 ​ $ — ​ ​ Not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ Customer-related interest rate swap contracts: ​ ​ ​ ​ ​ ​ ​ ​ Matched interest rate swaps with borrower ​ 85,856 ​ — ​ 6,328 ​ ​ Matched interest rate swaps with counterparty ​ ​ 85,856 ​ ​ 6,328 ​ ​ — ​ ​ Mortgage banking contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ ​ 42,284 ​ ​ 391 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 and 2021, there were zero and $3.88 million, respectively, of cash collateral maintained with dealer counterparties and was included in “Other assets” in the Consolidated Balance Sheets. 1

Holding Company Condensed Finan

Holding Company Condensed Financial Information	12 Months Ended
	Dec. 31, 2022
Holding Company Condensed Financial Information
Holding Company Condensed Financial Information	NOTE 22: Holding Company Condensed Financial Information ​ The following tables present the condensed balance sheets as of December 31, 2022 and 2021 and the condensed statements of comprehensive income and cash flows for the years ended December 31, 2022, 2021 and 2020 for the Corporation on a standalone basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Condensed Balance Sheets ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 22,094 ​ $ 20,584 ​ Other assets ​ 21,227 ​ 24,884 ​ Investment in C&F Bank ​ 218,262 ​ 235,771 ​ Total assets ​ $ 261,583 ​ $ 281,239 ​ Liabilities and equity ​ ​ ​ ​ ​ ​ ​ Trust preferred capital notes ​ $ 25,386 ​ $ 25,351 ​ Long-term borrowings ​ ​ 23,965 ​ ​ 24,029 ​ Other liabilities ​ 16,598 ​ 21,541 ​ Equity ​ 195,634 ​ 210,318 ​ Total liabilities and equity ​ $ 261,583 ​ $ 281,239 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Condensed Statements of Comprehensive Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense on borrowings ​ $ (2,358) ​ $ (2,348) ​ $ (1,611) ​ Dividends received from C&F Bank ​ 12,500 ​ 12,500 ​ 8,746 ​ Equity in undistributed net income of C&F Bank ​ 19,292 ​ 18,653 ​ 15,373 ​ Other income ​ (3,230) ​ 2,207 ​ 2,041 ​ Other expenses ​ 2,955 ​ (2,345) ​ (2,432) ​ Net income ​ ​ 29,159 ​ ​ 28,667 ​ ​ 22,117 ​ Other comprehensive income (loss), net of tax ​ ​ (34,871) ​ ​ (132) ​ ​ 294 ​ Comprehensive (loss) income ​ $ (5,712) ​ $ 28,535 ​ $ 22,411 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Condensed Statements of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by operating activities ​ $ 9,750 ​ $ 12,001 ​ $ 8,141 ​ Investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquisition of Peoples Bankshares, Inc. ​ — ​ — ​ (10,084) ​ Swap collateral, net ​ ​ 2,705 ​ ​ 1,030 ​ ​ (1,710) ​ Net cash provided by (used in) investing activities ​ 2,705 ​ 1,030 ​ (11,794) ​ Financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Proceeds from borrowings ​ ​ — ​ ​ — ​ ​ 19,924 ​ Common stock repurchases ​ ​ (5,373) ​ ​ (8,232) ​ ​ (1,061) ​ Cash dividends ​ (5,756) ​ (5,675) ​ (5,546) ​ Other financing activities, net ​ 184 ​ 188 ​ 144 ​ Net cash (used in) provided by financing activities ​ (10,945) ​ (13,719) ​ 13,461 ​ Net increase (decrease) in cash and cash equivalents ​ 1,510 ​ (688) ​ 9,808 ​ Cash at beginning of year ​ 20,584 ​ 21,272 ​ 11,464 ​ Cash at end of year ​ $ 22,094 ​ $ 20,584 ​ $ 21,272 ​ ​

Other Noninterest Expenses

Other Noninterest Expenses	12 Months Ended
	Dec. 31, 2022
Other Noninterest Expenses
Other Noninterest Expenses	NOTE 23: Other Noninterest Expenses ​ The following table presents the significant components in the Consolidated Statements of Income line “Noninterest Expenses-Other.” ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Data processing fees ​ $ 10,514 ​ $ 11,088 ​ $ 10,916 ​ Professional fees ​ ​ 2,767 ​ ​ 3,066 ​ ​ 3,046 ​ Marketing and advertising expenses ​ ​ 1,805 ​ ​ 1,523 ​ ​ 1,663 ​ Mortgage banking loan processing expenses ​ ​ 1,682 ​ ​ 3,128 ​ ​ 3,235 ​ Travel and educational expenses ​ ​ 1,393 ​ ​ 959 ​ ​ 1,153 ​ Telecommunication expenses ​ ​ 1,368 ​ ​ 1,517 ​ ​ 1,455 ​ All other noninterest expenses ​ 5,850 ​ 7,154 ​ 7,867 ​ Total other noninterest expenses ​ $ 25,379 ​ $ 28,435 ​ $ 29,335 ​ ​ ​ ​ ​ There were no merger related expenses for the year ended December 31, 2022 or 2021. The table above includes merger related expenses for the year ended December 31, 2020 of $898,000, of which $501,000 was included in data processing fees, $336,000 was included in professional fees, and $61,000 was included in all other noninterest expenses.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation: ​
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 20. ​
Basis of Presentation	Basis of Presentation: ​
Reclassification	Reclassification: ​
Significant Group Concentrations of Credit Risk	Significant Group Concentrations of Credit Risk: ​
Cash and Cash Equivalents	Cash and Cash Equivalents: ​
Securities	Securities: ​ Impairment of debt securities occurs when the fair value of a security is less than its amortized cost. For debt securities, impairment is considered other-than-temporary and recognized in its entirety in net income if either (i) we intend to sell the security or (ii) it is more-likely-than-not that we will be required to sell the security before recovery of its amortized cost basis. If, however, the Corporation does not intend to sell the security and it is not more-likely-than-not that the Corporation will be required to sell the security before recovery, the Corporation must determine what portion of the impairment is attributable to a credit loss, which occurs when the amortized cost basis of the security exceeds the present value of the cash flows expected to be collected from the security. If there is no credit loss, there is no other-than-temporary impairment. If there is a credit loss, other-than-temporary impairment exists, and the credit loss must be recognized in net income and the remaining portion of impairment must be recognized in other comprehensive income (loss). The Corporation regularly reviews unrealized losses in its investments in securities based on criteria including the extent to which market value is below amortized cost, the duration of that market decline, the financial health of and specific prospects for the issuer, the Corporation’s best estimate of the present value of cash flows expected to be collected from debt securities, the Corporation’s intention with regard to holding the security to maturity and the likelihood that the Corporation would be required to sell the security before recovery. ​
Loans Held for Sale	Loans Held for Sale: Fair Value Measurement, ​
Loans Acquired in a Business Combination	Loans Acquired in a Business Combination: third parties, receipt of payments in full or part from the borrower or foreclosure of the collateral, result in removal of the loan from the PCI loan portfolio at its carrying amount. ​ PCI loans are not classified as nonperforming loans by the Corporation at the time they are acquired, regardless of whether they had been classified as nonperforming by the previous holder of such loans, and they will not be classified as nonperforming so long as, at quarterly re-estimation periods, we believe we will fully collect the new carrying value of the pools of loans. ​ Loans not designated PCI loans as of the acquisition date are designated purchased performing loans. The Corporation accounts for purchased performing loans using the contractual cash flows method of recognizing discount accretion based on the acquired loans’ contractual cash flows. Purchased performing loans are recorded at fair value, including a credit discount. The fair value discount is accreted as an adjustment to yield over the estimated lives of the loans. There is no allowance for loan losses established at the acquisition date for purchased performing loans. ​
Originated Loans	Originated Loans: ​ A loan’s past due status is based on the contractual due date of the most delinquent payment due. Loans are generally placed on nonaccrual status when the collection of principal or interest is 90 days or more past due, or earlier, if collection is uncertain based on an evaluation of the net realizable value of the collateral and the financial strength of the borrower. Loans greater than 90 days past due may remain on accrual status if management determines it has adequate collateral to cover the principal and interest. For those loans that are carried on nonaccrual status, payments are first applied to principal outstanding. A loan may be returned to accrual status if the borrower has demonstrated a sustained period of repayment performance in accordance with the contractual terms of the loan and there is reasonable assurance the borrower will continue to make payments as agreed. These policies are applied consistently across our loan portfolio. ​ The Corporation considers a loan impaired when it is probable that the Corporation will be unable to collect all interest and principal payments as scheduled in the loan agreement. A loan is not considered impaired during a period of delay in payment if the ultimate collectability of all amounts due is expected. Impairment is measured based on either the fair value of the loan using the loan’s obtainable market price or the fair value of the collateral, if the loan is collateral dependent, or using the present value of expected future cash flows discounted at the loan’s effective interest rate, which is not a fair value measurement. Large groups of smaller balance homogeneous loans are collectively evaluated for impairment. ​ Troubled debt restructurings (TDRs) occur when the Corporation agrees to significantly modify the original terms of a loan due to the deterioration in the financial condition of the borrower. TDRs are considered impaired loans and are evaluated individually. Upon designation as a TDR, the Corporation evaluates the borrower’s payment history, past due status and ability to make payments based on the revised terms of the loan. If a loan was accruing prior to being modified as a TDR and if the Corporation concludes that the borrower is able to make such payments, and there are no other factors or circumstances that would cause it to conclude otherwise, the loan will remain on an accruing status. If a loan was on nonaccrual status at the time of the TDR, the loan will remain on nonaccrual status following the modification and may be returned to accrual status based on the policy for returning loans to accrual status as noted above. ​ In the ordinary course of business, the Corporation has entered into commitments to extend credit and standby letters of credit. Such financial instruments are recorded in the Consolidated Balance Sheets when they are funded. ​
Paycheck Protection Program	Paycheck Protection Program: repayment of the PPP loans is guaranteed by the SBA, the Corporation does not recognize a reserve for PPP loans in its allowance for loan losses. The Corporation received fees from the SBA of one percent to five percent of the principal amount of each loan originated under the PPP. Fees received from the SBA are recognized net of direct origination costs in interest income over the life of the related loans. Recognition of fees related to PPP loans is dependent upon the timing of ultimate repayment or forgiveness. All net PPP origination fees received by C&F Bank had been recognized in income as of December 31, 2022, totaling $6.3 million since the inception of the PPP. In 2022, 2021 and 2020, the Corporation recognized $679,000, $4.06 million and $1.56 million in net loan fees related to PPP loans in interest income on loans in the Consolidated Statements of Income, respectively.
Allowance for Loan Losses	Allowance for Loan Losses: ​ The allowance represents an amount that, in management’s judgment, will be adequate to absorb probable losses inherent in the loan portfolio. Management’s judgment in determining the level of the allowance is based on evaluations of the collectability of loans while taking into consideration such factors as trends in delinquencies and charge-offs, changes in the nature and volume of the loan portfolio, current economic conditions that may affect a borrower’s ability to repay and the value of collateral, overall portfolio quality and review of specific potential losses. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. The evaluation also considers the following risk characteristics of each loan portfolio: ​ ● Real estate residential mortgage loans carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral. ● Real estate construction loans carry risks that the project will not be finished according to schedule, the project will not be finished according to budget and the value of the collateral may, at any point in time, be less than the principal amount of the loan. Construction loans also bear the risk that the general contractor, who may or may not be a loan customer, may be unable to finish the construction project as planned because of financial pressure unrelated to the project. ● Commercial, financial and agricultural loans carry risks associated with the successful operation of a business or a real estate project, in addition to other risks associated with the ownership of real estate, because the repayment of these loans may be dependent upon the profitability and cash flows of the business or project. In addition, there is risk associated with the value of collateral other than real estate which may depreciate over time and cannot be appraised with as much precision. ● Consumer and consumer finance loans carry risks associated with the continued credit-worthiness of the borrower and the value of the collateral (e.g., rapidly-depreciating assets such as automobiles and marine and recreational vehicles (RVs)), or lack thereof. Consumer loans are more likely than real estate loans to be immediately adversely affected by job loss, divorce, illness or personal bankruptcy. ● Equity lines of credit carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral. The allowance consists of specific and general components. The specific component relates to loans that are individually evaluated for impairment, and is established when the discounted cash flows (or collateral value or observable market price) of an impaired loan is lower than the carrying value of that loan. For collateral dependent loans, an updated appraisal will be ordered if a current one is not on file. Appraisals are performed by independent third-party appraisers with relevant industry experience. Adjustments to the appraised value may be made based on recent sales of similar properties or general market conditions when appropriate. The general component covers non-classified loans and those loans classified as substandard or special mention that are not individually evaluated for impairment. The general component is based on historical loss experience adjusted for qualitative factors, such as current economic conditions, including current home sales and foreclosures, unemployment rates and retail sales. Relative to non-classified loans, non-impaired classified loans are assigned a higher allowance factor which increases with the severity of classification. The characteristics of these loan ratings are as follows: ● Pass rated loans are to persons or business entities with an acceptable financial condition, appropriate collateral margins, appropriate cash flow to service the existing loan, and an appropriate leverage ratio. The borrower has paid all obligations as agreed and it is expected that this type of payment history will continue. When necessary, acceptable personal guarantors support the loan. ● Special mention loans have a specific identified weakness in the borrower’s operations and in the borrower’s ability to generate positive cash flow on a sustained basis. The borrower’s recent payment history may be characterized by late payments. The Corporation’s risk exposure is mitigated by collateral supporting the loan. The collateral is considered to be well-margined, well maintained, accessible and readily marketable. ● Substandard loans are considered to have specific and well-defined weaknesses that jeopardize the viability of the Corporation’s credit extension. The payment history for the loan has been inconsistent and the expected or projected primary repayment source may be inadequate to service the loan. The estimated net liquidation value of the collateral pledged and/or ability of the personal guarantor(s) to pay the loan may not adequately protect the Corporation. There is a distinct possibility that the Corporation will sustain some loss if the deficiencies associated with the loan are not corrected in the near term. A substandard loan would not automatically meet the Corporation’s definition of impaired unless the loan is significantly past due and the borrower’s performance and financial condition provide evidence that it is probable that the Corporation will be unable to collect all amounts due. ● Substandard nonaccrual loans have the same characteristics as substandard loans; however, they have a nonaccrual classification because it is probable that the Corporation will not be able to collect all amounts due. ● Doubtful rated loans have all the weaknesses inherent in a loan that is classified substandard but with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently existing facts, conditions, and values, highly questionable and improbable. The possibility of loss is extremely high. ● Loss rated loans are not considered collectible under normal circumstances and there is no realistic expectation for any future payment on the loan. Loss rated loans are fully charged off. ​ On a quarterly basis the Corporation evaluates its estimate of cash flows to be collected on PCI loans. These evaluations require the continued assessment of key assumptions and estimates similar to the initial estimate of fair value as of the acquisition date, such as the effect of collateral value changes, changing loss severities, estimated and experienced prepayment speeds and other relevant factors. Subsequent decreases to the expected cash flows to be collected on a PCI loan will generally result in a provision for loan losses. ​ The consumer finance loans are segregated between performing and nonperforming loans. Performing loans are those that have made timely payments in accordance with the terms of the loan agreement and are not past due 90 days or more. Nonperforming loans are those that do not accrue interest and are greater than 90 days past due.
Allowance for Indemnifications	Allowance for Indemnifications: allowance for indemnifications when a purchaser of a loan (investor) sold by the mortgage banking segment incurs a validated indemnified loss due to borrower misrepresentation, fraud, early payment default or underwriting error. ​ The allowance represents an amount that, in management’s judgment, will be adequate to absorb any losses that are probable of arising from valid indemnification requests for loans that have been sold by the mortgage banking segment. Management’s judgment in determining the level of the allowance is based on the volume of loans sold, historical experience, current economic conditions, changes in operational and compliance processes, and information provided by investors. This evaluation is inherently subjective, as it requires estimates that are susceptible to significant revision as more information becomes available. ​
Other Real Estate Owned (OREO)	Other Real Estate Owned (OREO): ​ The Corporation records a gain/loss from the sale of OREO when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Corporation finances the sale of OREO to the buyer, the Corporation assesses whether the buyer is committed to perform the obligations under the contract and whether collectability of the transaction price is probable. In determining the gain/loss on the sale, the Corporation adjusts the transaction price and the related gain/loss on sale if a significant financing component is present. ​
Repossessed Assets	Repossessed Assets: Repossessed assets primarily consist of vehicles repossessed by C&F Finance due to borrowers’ payment defaults. The repossession process is generally initiated after a loan becomes more than 60 days delinquent. Most customers have an opportunity to redeem their repossessed vehicles by paying all outstanding balances, including finance charges and fees. Vehicles that are not redeemed within a prescribed waiting period following repossession are then reclassified from loans to repossessed assets available-for-sale (included in other assets) and recorded initially at fair value less estimated costs to sell. The difference between the carrying amount of each loan and the fair value of the vehicle (i.e., the deficiency) is charged against the allowance for loan losses. The waiting period is determined as the length of time after repossession that C&F Finance is prohibited to sell the vehicle under the laws of the state where the vehicle was repossessed. Accounts still in process of collection or for which the Corporation does not have the legal right to sell continue to be classified as loans until such legal authority is obtained. At December 31, 2022, repossessed vehicles at fair value less estimated costs to sell included in other assets totaled $352,000 , compared to $190,000 at December 31, 2021. ​ Repossession expense includes the costs to repossess and sell vehicles. These costs include transportation, storage, rekeying, condition reports, legal fees, fees paid to repossession agents and auction fees. These costs are included in noninterest expenses. ​
Corporate Premises and Equipment	Corporate Premises and Equipment: Land is carried at cost. Buildings and equipment are carried at cost less accumulated depreciation computed using a straight-line method over the estimated useful lives of the assets. Estimated useful lives range from ten to forty years for buildings and from three to ten years for equipment, furniture and fixtures. Leasehold improvements are amortized over the shorter of the life of the related lease or the estimated useful life of the related asset. Maintenance and repairs are charged to expense as incurred and major improvements are capitalized. Upon sale or retirement of depreciable properties, the cost and related accumulated depreciation are netted against proceeds and any resulting gain or loss is included in income. ​
Goodwill	Goodwill: The Corporation reviews the carrying value of goodwill at least annually or more frequently if certain impairment indicators exist. In testing goodwill for impairment, the Corporation may first consider qualitative factors to determine whether the existence of events or circumstances lead to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If, after assessing the totality of events and circumstances, we conclude that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then no further testing is required and the goodwill of the reporting unit is not impaired. If the Corporation elects to bypass the qualitative assessment or if we conclude that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then the fair value of the reporting unit is compared with its carrying amount to determine whether an impairment exists. ​
Transfer of Financial Assets	Transfer of Financial Assets: ​
Income Taxes	Income Taxes: ​ C&F Bank invests in qualified affordable housing projects through housing equity funds, the purpose of which is to encourage investment in low-income residential property development in Virginia by providing a return on investment through federal income tax credits and other tax benefits on losses generated by the projects. C&F Bank recognizes its share of losses on these projects as a component of income tax expense. ​ The benefit of an uncertain tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination by the applicable taxing authority, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely of being realized upon settlement with the applicable taxing authority. Interest and penalties associated with unrecognized tax benefits are recognized as a component of income tax expense. ​
Retirement Plan	Retirement Plan: ​
Share-Based Compensation	Share-Based Compensation: ​
Earnings Per Share	Earnings Per Share:
Derivative Financial Instruments	Derivative Financial Instruments: The Corporation recognizes derivative financial instruments at fair value as either an other asset or other liability in the Consolidated Balance Sheets. The Corporation’s derivative financial instruments include (1) interest rate swaps that qualify and are designated as cash flow hedges on the Corporation’s trust preferred capital notes, (2) interest rate swaps with certain qualifying commercial loan customers and dealer counterparties and (3) interest rate contracts arising from mortgage banking activities, including interest rate lock commitments (IRLCs) on mortgage loans and related forward sales of mortgage loans and mortgage backed securities. The gain or loss on the Corporation’s cash flow hedges is reported as a component of other comprehensive income (loss), net of deferred income taxes, and reclassified into earnings in the same period(s) during which the hedged transactions affect earnings. IRLCs, forward sales contracts and interest rate swaps with loan customers and dealer counterparties are not designated as hedging instruments, and therefore changes in the fair value of these instruments are reported as noninterest income. The Corporation’s derivative financial instruments are described more fully in Note 21. ​
Leases	Leases: ​
Service Charges on Deposit Accounts	Service Charges on Deposit Accounts:
Other Service Charges and Fees	Other Service Charges and Fees: ​
Interchange Income	Interchange Income: ​
Wealth Management Services Income, Net	Wealth Management Services Income, Net: management at the end of each period. Fees and commissions collected from customers are reported net of related fees paid to the third-party service providers and presented in noninterest income.
Mortgage Lender Services Income	Mortgage Lender Services Income:
Recent Significant Accounting Pronouncements	Recent Significant Accounting Pronouncements: 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” ​ The amendments of ASC 326, upon adoption, are to 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 established a working group to prepare for and implement changes related to ASC 326. This working group gathered historical loan loss data for purposes of evaluating appropriate portfolio segmentation and modeling methods under the standard related to the allowance for credit losses on loans, 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 and engaged a vendor to assist in modeling expected lifetime losses under ASC 326. ​ 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.” Subsequently, the FASB issued ASU 2022-06, “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848. 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, 2024 and can be adopted at an instrument level. The Corporation has utilized certain optional expedients and exceptions under Topic 848 in the case of modifications to certain loans, borrowings and cash flow hedges during 2022. These modifications have not had and are not expected to 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 (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 2022
Securities
Summary of available for sale debt securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ (Dollars in thousands) ​ Cost ​ Gains ​ Losses ​ Fair Value U.S. Treasury securities ​ $ 60,886 ​ $ — ​ $ (2,053) ​ $ 58,833 ​ U.S. government agencies and corporations ​ ​ 143,241 ​ ​ — ​ ​ (12,967) ​ ​ 130,274 ​ Mortgage-backed securities ​ 200,393 ​ 65 ​ (20,540) ​ 179,918 ​ Obligations of states and political subdivisions ​ 127,317 ​ 300 ​ (6,790) ​ 120,827 ​ Corporate and other debt securities ​ ​ 25,291 ​ ​ — ​ ​ (2,552) ​ ​ 22,739 ​ ​ ​ $ 557,128 ​ $ 365 ​ $ (44,902) ​ $ 512,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Amortized ​ (Dollars in thousands) ​ Cost ​ Fair Value Due in one year or less ​ $ 120,590 ​ $ 113,350 ​ Due after one year through five years ​ 276,622 ​ 257,306 ​ Due after five years through ten years ​ 152,015 ​ 134,619 ​ Due after ten years ​ 7,901 ​ 7,316 ​ ​ ​ $ 557,128 ​ $ 512,591 ​ ​
Schedule of gross realized gains and losses and the proceeds	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Realized gains from sales, maturities and calls of securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross realized gains ​ $ — ​ $ 42 ​ $ 38 Gross realized losses ​ — ​ — ​ — Net realized gains ​ $ — ​ $ 42 ​ $ 38 Proceeds from sales, maturities, calls and paydowns of securities ​ $ 55,328 ​ $ 114,019 ​ $ 123,741 ​
Schedule of securities in an unrealized loss position	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 50,556 ​ $ 1,368 ​ $ 8,277 ​ $ 685 ​ $ 58,833 ​ $ 2,053 ​ U.S. government agencies and corporations ​ ​ 71,948 ​ ​ 1,578 ​ ​ 58,326 ​ ​ 11,389 ​ ​ 130,274 ​ ​ 12,967 ​ Mortgage-backed securities ​ 73,301 ​ ​ 5,441 ​ 104,563 ​ 15,099 ​ 177,864 ​ 20,540 ​ Obligations of states and political subdivisions ​ 60,838 ​ 2,434 ​ 32,120 ​ 4,356 ​ 92,958 ​ 6,790 ​ Corporate and other debt securities ​ ​ 15,049 ​ ​ 1,702 ​ ​ 6,681 ​ ​ 850 ​ ​ 21,730 ​ ​ 2,552 ​ Total temporarily impaired securities ​ $ 271,692 ​ $ 12,523 ​ $ 209,967 ​ $ 32,379 ​ $ 481,659 ​ $ 44,902 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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)	12 Months Ended
	Dec. 31, 2022
Loans
Summary of major classifications of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Real estate – residential mortgage ​ $ 266,267 ​ $ 217,016 ​ Real estate – construction 1 ​ 59,675 ​ 57,495 ​ Commercial, financial and agricultural 2 ​ 782,981 ​ 717,730 ​ Equity lines ​ 43,300 ​ 41,345 ​ Consumer ​ 8,938 ​ 8,280 ​ Consumer finance 3 ​ 474,557 ​ 368,194 ​ ​ ​ 1,635,718 ​ 1,410,060 ​ Less allowance for loan losses ​ (40,518) ​ (40,157) ​ Loans, net ​ $ 1,595,200 ​ $ 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 PPP). 3 Includes the Corporation’s automobile lending and marine and recreational vehicle lending. ​
Schedule of acquired loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 ​ $ 4,522 ​ $ 38,157 ​ $ 42,679 ​ $ 8,350 ​ $ 57,862 ​ $ 66,212 ​ Carrying amount ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real estate – residential mortgage ​ $ 300 ​ $ 8,587 ​ $ 8,887 ​ $ 817 ​ $ 9,997 ​ $ 10,814 ​ Real estate – construction ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,356 ​ ​ 1,356 ​ Commercial, financial and agricultural 1 ​ 1,114 ​ 23,023 ​ 24,137 ​ 2,753 ​ 37,313 ​ 40,066 ​ Equity lines ​ 15 ​ 5,047 ​ 5,062 ​ 38 ​ 6,919 ​ 6,957 ​ Consumer ​ 26 ​ 755 ​ 781 ​ 47 ​ 1,213 ​ 1,260 ​ Total acquired loans ​ $ 1,455 ​ $ 37,412 ​ $ 38,867 ​ $ 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)	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ (Dollars in thousands) 2022 2021 Accretable yield, balance at beginning of period ​ $ 3,111 ​ $ 4,048 ​ Accretion ​ (1,566) ​ (2,472) ​ Reclassification of nonaccretable difference due to improvement in expected cash flows ​ 1,921 ​ 794 ​ Other changes, net ​ (222) ​ 741 ​ Accretable yield, balance at end of period ​ $ 3,244 ​ $ 3,111 ​ ​
Schedule of loans on nonaccrual status	Loans on nonaccrual status at December 31, 2022 and 2021 were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Real estate – residential mortgage ​ $ 156 ​ $ 315 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ Commercial business lending ​ — ​ 2,122 ​ Equity lines ​ 108 ​ 104 ​ Consumer ​ — ​ 3 ​ Consumer finance: ​ ​ ​ ​ ​ ​ ​ Automobiles ​ ​ 842 ​ ​ 380 ​ Marine and recreational vehicles ​ 83 ​ — ​ Total loans on nonaccrual status ​ $ 1,189 ​ $ 2,924 ​ ​
Schedule of past due status of loans	The past due status of loans as of December 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 ​ $ 1,649 ​ $ 452 ​ $ 20 ​ $ 2,121 ​ $ 300 ​ $ 263,846 ​ $ 266,267 ​ $ — ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ — ​ — ​ — ​ — ​ ​ — ​ 49,136 ​ 49,136 ​ — ​ Consumer lot lending ​ — ​ — ​ — ​ — ​ ​ — ​ 10,539 ​ 10,539 ​ — ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ — ​ — ​ — ​ — ​ ​ 1,114 ​ 591,187 ​ 592,301 ​ — ​ Land acquisition and development lending ​ — ​ — ​ — ​ — ​ ​ — ​ 37,537 ​ 37,537 ​ — ​ Builder line lending ​ — ​ — ​ — ​ — ​ ​ — ​ 34,538 ​ 34,538 ​ — ​ Commercial business lending ​ — ​ 1 ​ — ​ 1 ​ ​ — ​ 118,604 ​ 118,605 ​ — ​ Equity lines ​ — ​ 39 ​ — ​ 39 ​ ​ 15 ​ 43,246 ​ 43,300 ​ — ​ Consumer ​ 9 ​ — ​ 191 ​ 200 ​ ​ 26 ​ 8,712 ​ 8,938 ​ 191 ​ Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ ​ 10,557 ​ ​ 1,570 ​ ​ 842 ​ ​ 12,969 ​ ​ — ​ ​ 398,143 ​ ​ 411,112 ​ ​ — ​ Marine and recreational vehicles ​ 114 ​ 35 ​ 83 ​ 232 ​ ​ — ​ 63,213 ​ 63,445 ​ — ​ Total ​ $ 12,329 ​ $ 2,097 ​ $ 1,136 ​ $ 15,562 ​ $ 1,455 ​ $ 1,618,701 ​ $ 1,635,718 ​ $ 191 ​ 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. ​ 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. ​
Schedule of loan modifications classified as TDRs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ ​ ​ Number of ​ Recorded ​ Number of ​ Recorded ​ Number of ​ Recorded ​ (Dollars in thousands) ​ Loans ​ Investment ​ Loans ​ Investment ​ Loans ​ Investment ​ Real estate – residential mortgage 1 ​ $ 45 ​ 1 ​ $ 4 2 ​ $ 176 ​ Equity lines — ​ ​ — ​ — ​ — 1 ​ ​ 84 ​ Total 1 ​ $ 45 ​ 1 ​ $ 4 3 ​ $ 260 ​ ​
Schedule of impaired loans	Impaired loans, which included TDRs of $823,000, and the related allowance at December 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 ​ $ 797 ​ $ 36 ​ $ 761 ​ $ 51 ​ $ 806 ​ $ 35 ​ Equity lines ​ 26 ​ 26 ​ — ​ — ​ 28 ​ 2 ​ Total ​ $ 823 ​ $ 62 ​ $ 761 ​ $ 51 ​ $ 834 ​ $ 37 ​ ​ 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)	12 Months Ended
	Dec. 31, 2022
Allowance for Loan Losses
Schedule of changes in the allowance for loan losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Real Estate ​ ​ Commercial, ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Residential ​ Real Estate ​ Financial & ​ Equity ​ ​ ​ ​ Consumer ​ ​ ​ ​ (Dollars in thousands) ​ Mortgage ​ Construction ​ Agricultural ​ Lines ​ Consumer ​ Finance ​ Total ​ Balance at December 31, 2019 ​ $ 2,080 ​ $ 681 ​ $ 7,121 ​ $ 733 ​ $ 465 ​ $ 21,793 ​ $ 32,873 ​ Provision charged to operations ​ 808 ​ 294 ​ 3,589 ​ (47) ​ (34) ​ 6,470 ​ ​ 11,080 ​ Loans charged off ​ (62) ​ — ​ (18) ​ — ​ (231) ​ (9,331) ​ ​ (9,642) ​ Recoveries of loans previously charged off ​ 88 ​ — ​ 4 ​ 1 ​ 171 ​ 4,581 ​ ​ 4,845 ​ Balance at December 31, 2020 ​ ​ 2,914 ​ ​ 975 ​ ​ 10,696 ​ ​ 687 ​ ​ 371 ​ ​ 23,513 ​ ​ 39,156 ​ Provision charged to operations ​ (279) ​ ​ (119) ​ ​ 385 ​ ​ (95) ​ ​ (137) ​ ​ 820 ​ ​ 575 ​ Loans charged off ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (184) ​ ​ (4,381) ​ ​ (4,565) ​ Recoveries of loans previously charged off ​ 25 ​ ​ — ​ ​ 4 ​ ​ 1 ​ ​ 122 ​ ​ 4,839 ​ ​ 4,991 ​ Balance at December 31, 2021 ​ ​ 2,660 ​ ​ 856 ​ ​ 11,085 ​ ​ 593 ​ ​ 172 ​ ​ 24,791 ​ ​ 40,157 ​ Provision charged to operations ​ (54) ​ ​ (68) ​ ​ (534) ​ ​ (98) ​ ​ 186 ​ ​ 3,740 ​ ​ 3,172 ​ Loans charged off ​ (2) ​ ​ — ​ ​ (140) ​ ​ — ​ ​ (260) ​ ​ (7,016) ​ ​ (7,418) ​ Recoveries of loans previously charged off ​ 18 ​ ​ — ​ ​ 20 ​ ​ 2 ​ ​ 113 ​ ​ 4,454 ​ ​ 4,607 ​ Balance at December 31, 2022 ​ $ 2,622 ​ $ 788 ​ $ 10,431 ​ $ 497 ​ $ 211 ​ $ 25,969 ​ $ 40,518 ​ ​
Schedule of balance of the allowance for loan losses and the allowance by impairment methodology	The following table presents, as of December 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 ​ $ 51 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 51 ​ Collectively evaluated for impairment ​ ​ 2,571 ​ ​ 788 ​ ​ 10,431 ​ ​ 497 ​ ​ 211 ​ ​ 25,969 ​ ​ 40,467 ​ Acquired loans - PCI ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ Total allowance ​ $ 2,622 ​ $ 788 ​ $ 10,431 ​ $ 497 ​ $ 211 ​ $ 25,969 ​ $ 40,518 ​ Loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 797 ​ $ — ​ $ — ​ $ 26 ​ $ — ​ $ — ​ $ 823 ​ Collectively evaluated for impairment ​ ​ 265,170 ​ ​ 59,675 ​ ​ 781,867 ​ ​ 43,259 ​ ​ 8,912 ​ ​ 474,557 ​ ​ 1,633,440 ​ Acquired loans - PCI ​ ​ 300 ​ ​ — ​ ​ 1,114 ​ ​ 15 ​ ​ 26 ​ ​ — ​ ​ 1,455 ​ Total loans ​ $ 266,267 ​ $ 59,675 ​ $ 782,981 ​ $ 43,300 ​ $ 8,938 ​ $ 474,557 ​ $ 1,635,718 ​ ​ 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	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ Substandard ​ ​ (Dollars in thousands) ​ Pass ​ Mention ​ Substandard ​ Nonaccrual ​ Total 1 Real estate – residential mortgage ​ $ 264,891 ​ $ 518 ​ $ 702 ​ $ 156 ​ $ 266,267 ​ Real estate – construction: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Construction lending ​ 49,136 ​ — ​ — ​ — ​ 49,136 ​ Consumer lot lending ​ 10,539 ​ — ​ — ​ — ​ 10,539 ​ Commercial, financial and agricultural: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial real estate lending ​ 585,707 ​ 738 ​ 5,856 ​ — ​ 592,301 ​ Land acquisition and development lending ​ 37,537 ​ — ​ — ​ — ​ 37,537 ​ Builder line lending ​ 34,538 ​ — ​ — ​ — ​ 34,538 ​ Commercial business lending ​ 118,605 ​ — ​ — ​ — ​ 118,605 ​ Equity lines ​ 43,147 ​ 40 ​ 5 ​ 108 ​ 43,300 ​ Consumer ​ 8,747 ​ 191 ​ — ​ — ​ 8,938 ​ ​ ​ $ 1,152,847 ​ $ 1,487 ​ $ 6,563 ​ $ 264 ​ $ 1,161,161 ​ 1 At December 31, 2022, the Corporation did no t have any loans classified as Doubtful or Loss. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Non- ​ ​ ​ (Dollars in thousands) Performing Performing Total Consumer finance: ​ ​ ​ ​ ​ ​ ​ ​ ​ Automobiles ​ $ 410,270 ​ $ 842 ​ $ 411,112 Marine and recreational vehicles ​ ​ 63,362 ​ ​ 83 ​ ​ 63,445 ​ ​ $ 473,632 ​ $ 925 ​ $ 474,557 ​ 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 no t 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

OREO (Tables)

OREO (Tables)	12 Months Ended
	Dec. 31, 2022
OREO
Changes in the balance for OREO	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 Balance at the beginning of year, gross ​ $ 835 ​ $ 1,114 ​ Additions ​ 423 ​ — ​ Charge-offs ​ — ​ (54) ​ Sales proceeds ​ (1,547) ​ (462) ​ Gain on disposition ​ 289 ​ 237 ​ Balance at the end of year, gross ​ — ​ 835 ​ Less valuation allowance ​ — ​ — ​ Balance at the end of year, net ​ $ — ​ $ 835 ​ ​
Changes in the allowance for OREO	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Balance at the beginning of year ​ $ — ​ $ 207 ​ $ 88 ​ Provision for losses ​ — ​ (153) ​ 176 ​ Charge-offs, net ​ — ​ (54) ​ (57) ​ Balance at the end of year ​ $ — ​ $ — ​ $ 207 ​ ​

Corporate Premises and Equipm_2

Corporate Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Corporate Premises and Equipment
Schedule of major classifications of corporate premises and equipment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Land ​ $ 9,024 ​ $ 9,104 ​ Buildings ​ 48,537 ​ 48,231 ​ Equipment, furniture and fixtures ​ 23,613 ​ 22,061 ​ ​ ​ 81,174 ​ 79,396 ​ Less accumulated depreciation ​ (37,325) ​ (34,597) ​ ​ ​ $ 43,849 ​ $ 44,799 ​

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Other Intangible Assets
Schedule of changes in goodwill	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community ​ Consumer ​ ​ (Dollars in thousands) Banking Finance Total Balance as of January 1, 2020 ​ $ 3,702 ​ $ 10,723 ​ $ 14,425 Acquisition of Peoples Bankshares, Incorporated ​ ​ 10,766 ​ ​ — ​ ​ 10,766 Balance at December 31, 2020 ​ $ 14,468 ​ $ 10,723 ​ $ 25,191 ​
Schedule of gross carrying amounts and accumulated amortization of other intangible assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 ​ $ (464) ​ $ 1,711 ​ $ (325) Other amortizable intangibles ​ 1,405 ​ ​ (973) ​ ​ 1,405 ​ ​ (814) Total ​ $ 3,116 ​ $ (1,437) ​ $ 3,116 ​ $ (1,139) ​
Schedule of estimated remaining amortization expense of intangibles	​ ​ ​ ​ ​ (Dollars in thousands) ​ 2023 ​ $ 273 2024 ​ 260 2025 ​ 237 2026 ​ 101 2027 ​ ​ 101 Thereafter ​ 707 Total ​ $ 1,679

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases
Schedule of lease cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Operating lease cost ​ $ 1,008 ​ $ 1,331 ​ $ 1,616 ​ Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use asset ​ ​ 314 ​ ​ 314 ​ ​ 166 ​ Interest on lease liability ​ ​ 125 ​ ​ 129 ​ ​ 70 ​ Short-term lease cost ​ ​ 139 ​ ​ 142 ​ ​ 219 ​ Variable lease cost ​ 97 ​ 46 ​ 52 ​ Total lease cost ​ $ 1,683 ​ $ 1,962 ​ $ 2,123 ​ ​
Schedule of balance sheet details and quantitative details	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, (Dollars in thousands) ​ ​ 2022 2021 Operating leases: ​ ​ ​ ​ ​ ​ ​ Right of use assets ​ $ 2,887 ​ $ 3,221 ​ Lease liabilities ​ ​ 2,965 ​ ​ 3,324 ​ Weighted average remaining lease term (years) ​ ​ 6.5 ​ ​ 7.0 ​ Weighted average discount rate ​ ​ 1.6 % ​ 1.7 % ​ ​ ​ ​ ​ ​ ​ ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ Right of use assets ​ $ 5,565 ​ $ 5,879 ​ Lease liabilities ​ 6,141 ​ 6,346 ​ Weighted average remaining lease term (years) ​ ​ 17.5 ​ ​ 18.5 ​ Weighted average discount rate ​ ​ 2.0 % ​ 2.0 % ​
Schedule of cash flow information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Operating leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows ​ $ 1,823 ​ $ 1,313 ​ $ 1,659 ​ Finance leases: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating cash flows ​ ​ 125 ​ ​ 129 ​ ​ 70 ​ Financing cash flows ​ ​ 440 ​ ​ 195 ​ ​ 53 ​ Total cash flows ​ $ 2,388 ​ $ 1,637 ​ $ 1,782 ​
Schedule of maturities of operating lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) ​ Operating Leases ​ Finance Leases 2023 ​ $ 744 ​ $ 310 2024 ​ ​ 759 ​ ​ 346 2025 ​ ​ 472 ​ ​ 355 2026 ​ ​ 303 ​ ​ 364 2027 ​ ​ 123 ​ ​ 373 Thereafter ​ ​ 773 ​ ​ 5,637 Total ​ 3,174 ​ 7,385 Imputed interest ​ (209) ​ (1,244) Lease liabilities ​ $ 2,965 ​ $ 6,141
Schedule of maturities of finance lease liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (Dollars in thousands) ​ Operating Leases ​ Finance Leases 2023 ​ $ 744 ​ $ 310 2024 ​ ​ 759 ​ ​ 346 2025 ​ ​ 472 ​ ​ 355 2026 ​ ​ 303 ​ ​ 364 2027 ​ ​ 123 ​ ​ 373 Thereafter ​ ​ 773 ​ ​ 5,637 Total ​ 3,174 ​ 7,385 Imputed interest ​ (209) ​ (1,244) Lease liabilities ​ $ 2,965 ​ $ 6,141

Time Deposits (Tables)

Time Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Time Deposits
Schedule of time deposits	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Certificates of deposit, over $250 ​ $ 105,678 ​ $ 114,533 ​ Other time deposits ​ 275,616 ​ 311,188 ​ ​ ​ $ 381,294 ​ $ 425,721 ​ ​
Schedule of remaining maturities on time deposits	​ ​ ​ ​ ​ (Dollars in thousands) December 31, 2022 2023 ​ $ 251,040 2024 ​ 99,611 2025 ​ 17,405 2026 ​ 5,916 2027 ​ 5,037 Thereafter ​ 2,285 ​ ​ $ 381,294

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2022
Borrowings
Schedule of selected information on short-term borrowings	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) ​ 2022 ​ 2021 Balance outstanding at year end 1 ​ $ 36,592 ​ $ 34,735 ​ Maximum balance at any month end during the year ​ $ 38,051 ​ $ 38,197 ​ Average balance for the year ​ $ 35,630 ​ $ 27,359 ​ Weighted average rate for the year ​ 0.51 % 0.47 % Weighted average rate on borrowings at year end ​ 0.97 % 0.48 % Estimated fair value at year end ​ $ 36,592 ​ $ 34,735 ​ 1 Consists of $34.5 million of repurchase transactions with customers, which generally mature the day following the day sold and are secured by investment securities and $2.1 million of overnight borrowings with the Federal Reserve Bank. ​

Equity, Other Comprehensive I_2

Equity, Other Comprehensive Income and Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Equity, Other Comprehensive Income 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 ​ (45,090) ​ (1,465) ​ 2,607 ​ (43,948) Related income tax effects ​ 9,469 ​ 308 ​ (671) ​ 9,106 ​ ​ ​ (35,621) ​ ​ (1,157) ​ ​ 1,936 ​ ​ (34,842) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassifications into net income ​ ​ — ​ ​ (30) ​ ​ (7) ​ ​ (37) Related income tax effects ​ ​ — ​ ​ 6 ​ ​ 2 ​ ​ 8 ​ ​ ​ — ​ ​ (24) ​ ​ (5) ​ ​ (29) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income, net of tax ​ ​ (35,621) ​ ​ (1,181) ​ ​ 1,931 ​ ​ (34,871) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive (loss) income at December 31, 2022 ​ $ (35,184) ​ $ (3,236) ​ $ 1,462 ​ $ (36,958) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ (4,971) ​ 2,274 ​ 1,216 ​ (1,481) Related income tax effects ​ 1,044 ​ (478) ​ (313) ​ 253 ​ ​ ​ (3,927) ​ ​ 1,796 ​ ​ 903 ​ ​ (1,228) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassifications into net income ​ ​ (42) ​ ​ 1,436 ​ ​ (7) ​ ​ 1,387 Related income tax effects ​ ​ 9 ​ ​ (302) ​ ​ 2 ​ ​ (291) ​ ​ ​ (33) ​ ​ 1,134 ​ ​ (5) ​ ​ 1,096 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive (loss) income, net of tax ​ ​ (3,960) ​ ​ 2,930 ​ ​ 898 ​ ​ (132) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive income (loss) at December 31, 2021 ​ $ 437 ​ $ (2,055) ​ $ (469) ​ $ (2,087) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Defined Cash ​ ​ ​ ​ Available ​ Benefit ​ Flow ​ ​ (Dollars in thousands) ​ For Sale ​ Plan ​ Hedges ​ Total Accumulated other comprehensive income (loss) at December 31, 2019 ​ $ 1,560 ​ $ (3,740) ​ $ (69) ​ $ (2,249) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) arising during the period ​ 3,629 ​ (1,706) ​ (1,737) ​ 186 Related income tax effects ​ (762) ​ 358 ​ 447 ​ 43 ​ ​ ​ 2,867 ​ ​ (1,348) ​ ​ (1,290) ​ ​ 229 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassifications into net income ​ ​ (38) ​ ​ 131 ​ ​ (11) ​ ​ 82 Related income tax effects ​ ​ 8 ​ ​ (28) ​ ​ 3 ​ ​ (17) ​ ​ ​ (30) ​ ​ 103 ​ ​ (8) ​ ​ 65 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other comprehensive income (loss), net of tax ​ ​ 2,837 ​ ​ (1,245) ​ ​ (1,298) ​ ​ 294 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated other comprehensive income (loss) at December 31, 2020 ​ $ 4,397 ​ $ (4,985) ​ $ (1,367) ​ $ (1,955) ​
Schedule of reclassifications from accumulated other comprehensive loss	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ Line Item In the Consolidated (Dollars in thousands) 2022 2021 2020 ​ Statements of Income Securities available for sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassification of net realized gains into net income ​ $ — ​ $ 42 ​ $ 38 ​ Net gains on sales, maturities and calls of available for sale securities Related income tax effects ​ ​ — ​ ​ (9) ​ ​ (8) ​ Income tax expense ​ ​ ​ — ​ ​ 33 ​ ​ 30 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Defined benefit plan: 1 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reclassification of recognized net actuarial losses into net income ​ ​ (38) ​ ​ (1,504) ​ ​ (197) ​ Noninterest expenses - Other Amortization of prior service credit into net income ​ ​ 68 ​ ​ 68 ​ ​ 66 ​ Noninterest expenses - Other Related income tax effects ​ ​ (6) ​ ​ 302 ​ ​ 28 ​ Income tax expense ​ ​ ​ 24 ​ ​ (1,134) ​ ​ (103) ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of hedging gains into net income ​ ​ 7 ​ ​ 7 ​ ​ 11 ​ Interest expense - Trust preferred capital notes Related income tax effects ​ ​ (2) ​ ​ (2) ​ ​ (3) ​ Income tax expense ​ ​ ​ 5 ​ ​ 5 ​ ​ 8 ​ Net of tax ​ ​ ​ ​ ​ ​ ​ ​ ​ Total reclassifications into net income ​ $ 29 ​ $ (1,096) ​ $ (65) ​ ​ 1 See “Note 14: Employee Benefit Plans,” for additional information. ​
Schedule of components earnings per share calculations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Net income attributable to C&F Financial Corporation ​ $ 29,159 ​ $ 28,667 ​ $ 22,117 ​ Weighted average shares outstanding — ​ 3,517,114 ​ 3,604,119 ​ 3,648,696 ​ ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Taxes
Schedule of principal components of income tax expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Current taxes ​ $ 6,887 ​ $ 9,049 ​ $ 7,612 ​ Deferred taxes ​ 708 ​ (90) ​ (817) ​ ​ ​ $ 7,595 ​ $ 8,959 ​ $ 6,795 ​ ​
Schedule of reconciliation of effective income tax rate to income tax provision	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2020 ​ (Dollars in thousands) ​ Amount ​ Percent ​ Amount ​ Percent ​ Amount ​ Percent Income tax at statutory rates ​ $ 7,762 21.0 % $ 7,997 21.0 % $ 6,136 ​ 21.0 % State income taxes ​ 536 1.5 ​ 1,340 3.5 ​ 1,449 ​ 5.0 ​ Tax-exempt interest income ​ (427) (1.1) ​ (396) (1.0) ​ (493) ​ (1.7) ​ Excess compensation ​ ​ — ​ — ​ ​ 571 ​ 1.5 ​ ​ 328 ​ 1.1 ​ Change in tax law ​ ​ — ​ — ​ ​ — ​ — ​ ​ (326) ​ (1.1) ​ Income from bank-owned life insurance ​ ​ (130) ​ (0.4) ​ ​ (110) ​ (0.3) ​ ​ (107) ​ (0.4) ​ Investments in qualified housing projects ​ ​ (56) ​ (0.2) ​ ​ (48) ​ (0.1) ​ ​ (82) ​ (0.3) ​ Share based compensation ​ (37) (0.1) ​ (83) (0.2) ​ ​ (77) ​ (0.3) ​ Contribution of real property ​ ​ — ​ — ​ ​ (107) ​ (0.3) ​ ​ — ​ — ​ Merger related expenses ​ ​ — ​ — ​ ​ — ​ — ​ ​ 29 ​ 0.1 ​ Other ​ (53) (0.1) ​ (205) (0.5) ​ (62) ​ (0.2) ​ ​ ​ $ 7,595 20.6 % $ 8,959 23.6 % $ 6,795 23.2 % ​
Schedule of deferred tax assets and liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) ​ 2022 ​ 2021 Deferred tax assets ​ ​ ​ ​ ​ ​ ​ Allowances for loan losses ​ $ 10,108 ​ $ 9,960 ​ Nonqualified defined contribution plan ​ 4,128 ​ 3,948 ​ Lease liabilities ​ ​ 1,967 ​ ​ 2,057 ​ Fair value adjustments related to business combinations ​ 711 ​ 1,119 ​ Share-based compensation ​ 897 ​ 752 ​ Reserve for indemnification losses ​ 586 ​ 821 ​ Accrued expenses ​ ​ 396 ​ ​ 352 ​ Cash flow hedges ​ — ​ 158 ​ Net unrealized loss on securities available for sale ​ ​ 9,353 ​ ​ — ​ Other ​ 845 ​ 1,275 ​ Deferred tax assets ​ 28,991 ​ 20,442 ​ Deferred tax liabilities ​ ​ ​ ​ ​ ​ ​ Goodwill and other intangible assets ​ (3,068) ​ (3,114) ​ Right of use assets ​ ​ (1,830) ​ ​ (1,938) ​ Depreciation ​ (917) ​ (989) ​ Net unrealized gain on securities available for sale ​ — ​ (116) ​ Defined benefit plan ​ (649) ​ (677) ​ Cash flow hedges ​ ​ (513) ​ ​ — ​ Deferred tax liabilities ​ (6,977) ​ (6,834) ​ Net deferred tax assets ​ $ 22,014 ​ $ 13,608 ​ ​

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Employee Benefit Plans
Schedule of Changes in Projected Benefit Obligations, Fair Value, and Funded Status	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Change in benefit obligation ​ ​ ​ ​ ​ ​ ​ Projected benefit obligation, beginning ​ $ 20,247 ​ $ 24,643 ​ Service cost ​ 1,837 ​ 1,970 ​ Interest cost ​ 492 ​ 458 ​ Actuarial gain ​ (5,190) ​ (1,248) ​ Benefits paid ​ (2,119) ​ (210) ​ Settlements paid ​ ​ — ​ ​ (5,366) ​ Projected benefit obligation, ending ​ ​ 15,267 ​ ​ 20,247 ​ Change in plan assets ​ ​ ​ ​ ​ ​ ​ Fair value of plan assets, beginning ​ ​ 23,470 ​ ​ 26,287 ​ Actual return on plan assets ​ (4,995) ​ 2,759 ​ Employer contributions ​ 2,000 ​ — ​ Benefits paid ​ ​ (2,119) ​ ​ (210) ​ Settlements paid ​ — ​ (5,366) ​ Fair value of plan assets, ending ​ ​ 18,356 ​ ​ 23,470 ​ Funded status ​ $ 3,089 ​ $ 3,223 ​ Amounts recognized as an other asset ​ $ 3,089 ​ $ 3,223 ​ Amounts recognized in accumulated other comprehensive loss ​ ​ ​ ​ ​ ​ ​ Net loss ​ $ 4,397 ​ $ 2,970 ​ Prior service credits ​ (302) ​ (370) ​ Deferred taxes ​ (859) ​ (545) ​ Total recognized in accumulated other comprehensive loss ​ $ 3,236 ​ $ 2,055 ​ Weighted-average assumptions for benefit obligation at valuation date ​ ​ ​ ​ ​ ​ ​ Discount rate ​ 4.9 % 2.5 % Rate of compensation increase ​ 3.0 ​ 3.0 ​ Interest crediting rate ​ 5.0 ​ 5.0 ​ ​
Schedule of net periodic benefit costs	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Service cost, included in salaries and employee benefits ​ $ 1,837 ​ $ 1,970 ​ $ 1,603 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other components of net periodic benefit cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest cost ​ 492 ​ 458 ​ 551 ​ Expected return on plan assets ​ (1,660) ​ (1,733) ​ (1,492) ​ Amortization of prior service credit ​ (68) ​ (68) ​ (66) ​ Pension settlement charges ​ — ​ 1,261 ​ — ​ Recognized net actuarial losses ​ 38 ​ 243 ​ 197 ​ Other components of net periodic benefit cost, included in other noninterest expense ​ ​ (1,198) ​ ​ 161 ​ ​ (810) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net periodic benefit cost ​ $ 639 ​ $ 2,131 ​ $ 793 ​ ​
Schedule of weighted-average assumptions used for net periodic benefit cost	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ January 1, ​ 2022 2021 2020 Weighted-average assumptions for net periodic benefit cost ​ ​ ​ ​ ​ ​ ​ Discount rate 2.5 % 2.1 % 2.9 % Expected return on plan assets 7.3 ​ 7.3 ​ 7.3 ​ Rate of compensation increase 3.0 ​ 3.0 ​ 3.0 ​ Interest crediting rate ​ 5.0 ​ 5.0 ​ 5.0 ​ ​
Schedule of benefits expected to be paid by the plan in the next ten years	​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ 2023 ​ $ 814 ​ 2024 ​ 1,305 ​ 2025 ​ 1,828 ​ 2026 ​ 950 ​ 2027 ​ 910 ​ 2028 – 2032 ​ 10,023 ​ ​
Schedule of defined benefit pension plan weighted average asset allocations by asset category	​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ 2022 2021 Mutual funds-fixed income 38 % 38 % Mutual funds-equity 62 ​ 62 ​ Cash and equivalents ​ * ​ * ​ ​ 100 % 100 % * Less than one percent. ​
Summary of fair value of defined benefit plan assets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ Fair Value Measurements Using ​ Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Mutual funds-fixed income 1 ​ $ 6,975 ​ $ — ​ $ — ​ $ 6,975 ​ Mutual funds-equity 2 ​ 11,381 ​ — ​ — ​ 11,381 ​ Cash and equivalents 3 ​ — ​ — ​ — ​ — ​ Total pension plan assets ​ $ 18,356 ​ $ — ​ $ — ​ $ 18,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Fair Value Measurements Using ​ Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Mutual funds-fixed income 1 ​ $ 8,919 ​ $ — ​ $ — ​ $ 8,919 ​ Mutual funds-equity 2 ​ 14,551 ​ — ​ — ​ 14,551 ​ Cash and equivalents 3 ​ — ​ — ​ — ​ — ​ Total pension plan assets ​ $ 23,470 ​ $ — ​ $ — ​ $ 23,470 ​ 1 This category includes investments in mutual funds focused on fixed income securities with both short-term and long-term investments. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the funds. 2 This category includes investments in mutual funds focused on equity securities with a diversified portfolio and includes investments in large cap and small cap funds, growth funds, international focused funds and value funds. The funds are valued using the net asset value method in which an average of the market prices for the underlying investments is used to value the funds. 3 This category comprises cash and short-term cash equivalent funds. The funds are valued at cost which approximates fair value. ​

Share-Based Plans (Tables)

Share-Based Plans (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Plans
Summary of activity for restricted stock awards	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ 2021 ​ 2020 ​ ​ Weighted- ​ Weighted- ​ Weighted- ​ ​ ​ ​ Average ​ ​ ​ Average ​ ​ ​ Average ​ ​ ​ ​ Grant Date ​ ​ ​ Grant Date ​ ​ ​ Grant Date ​ ​ Shares ​ Fair Value ​ Shares ​ Fair Value ​ Shares ​ Fair Value Nonvested at beginning of year 140,577 ​ $ 48.57 155,945 ​ $ 48.52 142,020 ​ $ 48.88 ​ Granted ​ 36,435 ​ 54.18 41,912 ​ 47.83 47,385 ​ 42.01 ​ Vested (26,200) ​ 54.73 (51,305) ​ 48.11 (30,550) ​ 39.84 ​ Cancelled (5,135) ​ 48.28 (5,975) ​ 45.87 (2,910) ​ 53.46 ​ Nonvested at end of year 145,677 ​ ​ 48.88 140,577 ​ ​ 48.57 155,945 ​ ​ 48.52 ​ ​

Regulatory Requirements and R_2

Regulatory Requirements and Restrictions (Tables)	12 Months Ended
	Dec. 31, 2022
Regulatory Requirements and Restrictions
Schedule of actual capital amounts and ratios	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ Well Capitalized ​ ​ ​ Actual ​ Requirements ​ Requirements ​ (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio The Corporation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital ratio ​ $ 280,606 ​ 15.4 % $ 145,958 ​ 8.0 % $ N/A ​ N/A % Tier 1 risk-based capital ratio ​ ​ 233,581 ​ 12.8 ​ ​ 109,468 ​ 6.0 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 capital ratio ​ ​ 208,581 ​ 11.4 ​ ​ 82,101 ​ 4.5 ​ ​ N/A ​ N/A ​ Tier 1 leverage ratio ​ ​ 233,581 ​ 9.9 ​ ​ 94,562 ​ 4.0 ​ ​ N/A ​ N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital ratio ​ $ 255,719 ​ 14.2 % $ 144,074 ​ 8.0 % $ 180,093 ​ 10.0 % Tier 1 risk-based capital ratio ​ ​ 232,985 ​ 12.9 ​ ​ 108,056 ​ 6.0 ​ ​ 144,074 ​ 8.0 ​ Common Equity Tier 1 capital ratio ​ ​ 232,985 ​ 12.9 ​ ​ 81,042 ​ 4.5 ​ ​ 117,060 ​ 6.5 ​ Tier 1 leverage ratio ​ ​ 232,985 ​ 9.9 ​ ​ 93,856 ​ 4.0 ​ ​ 117,320 ​ 5.0 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Minimum Capital ​ Well Capitalized ​ ​ ​ Actual ​ Requirements ​ Requirements ​ (Dollars in thousands) ​ Amount Ratio Amount Ratio Amount Ratio ​ The Corporation ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital ratio ​ $ 257,779 ​ 15.8 % $ 130,817 ​ 8.0 % $ N/A ​ N/A % Tier 1 risk-based capital ratio ​ ​ 213,095 ​ 13.0 ​ ​ 98,113 ​ 6.0 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 capital ratio ​ ​ 188,095 ​ 11.5 ​ ​ 73,585 ​ 4.5 ​ ​ N/A ​ N/A ​ Tier 1 leverage ratio ​ ​ 213,095 ​ 9.7 ​ ​ 88,121 ​ 4.0 ​ ​ N/A ​ N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ The Bank ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total risk-based capital ratio ​ $ 233,780 ​ 14.5 % $ 128,701 ​ 8.0 % $ 160,876 ​ 10.0 % Tier 1 risk-based capital ratio ​ ​ 213,423 ​ 13.3 ​ ​ 96,526 ​ 6.0 ​ ​ 128,701 ​ 8.0 ​ Common Equity Tier 1 capital ratio ​ ​ 213,423 ​ 13.3 ​ ​ 72,394 ​ 4.5 ​ ​ 104,569 ​ 6.5 ​ Tier 1 leverage ratio ​ ​ 213,423 ​ 9.8 ​ ​ 87,184 ​ 4.0 ​ ​ 108,980 ​ 5.0 ​ ​

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingent Liabilities
Schedule of allowance for indemnifications losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ (Dollars in thousands) 2022 2021 Allowance, beginning of period ​ $ 3,252 ​ $ 3,356 ​ Net reversal of provision for indemnification losses ​ (858) ​ (104) ​ Payments ​ — ​ — ​ Allowance, end of period ​ $ 2,394 ​ $ 3,252 ​ ​

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2022
Fair Value of Assets and Liabilities
Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 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 ​ $ — ​ $ 58,833 ​ $ — ​ $ 58,833 ​ U.S. government agencies and corporations ​ ​ — ​ ​ 130,274 ​ ​ — ​ ​ 130,274 ​ Mortgage-backed securities ​ — ​ 179,918 ​ — ​ 179,918 ​ Obligations of states and political subdivisions ​ — ​ 120,827 ​ — ​ 120,827 ​ Corporate and other debt securities ​ ​ — ​ ​ 22,739 ​ ​ — ​ ​ 22,739 ​ Total securities available for sale ​ — ​ 512,591 ​ — ​ 512,591 ​ Loans held for sale ​ — ​ 14,259 ​ — ​ 14,259 ​ Other investments ​ ​ — ​ ​ 3,649 ​ ​ — ​ ​ 3,649 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ — ​ 391 ​ — ​ 391 ​ Interest rate swaps on loans ​ ​ — ​ ​ 6,328 ​ ​ — ​ ​ 6,328 ​ Cash flow hedges ​ — ​ 1,941 ​ — ​ 1,941 ​ Total assets ​ $ — ​ $ 539,159 ​ $ — ​ $ 539,159 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ $ — ​ $ 6,328 ​ $ — ​ $ 6,328 ​ Total liabilities ​ $ — ​ $ 6,328 ​ $ — ​ $ 6,328 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 Classified as Total Fair (Dollars in thousands) ​ Value ​ Level 1 ​ Level 2 ​ Level 3 ​ Value Financial assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and short-term investments ​ $ 28,898 ​ $ 26,661 ​ $ 2,189 ​ $ — ​ $ 28,850 ​ Securities available for sale ​ 512,591 ​ ​ — ​ 512,591 ​ ​ — ​ 512,591 ​ Loans, net ​ 1,595,200 ​ — ​ — ​ 1,538,062 ​ 1,538,062 ​ Loans held for sale ​ 14,259 ​ — ​ 14,259 ​ — ​ 14,259 ​ Other investments ​ ​ 3,649 ​ ​ — ​ ​ 3,649 ​ ​ — ​ ​ 3,649 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC ​ ​ 391 ​ ​ — ​ ​ 391 ​ ​ — ​ ​ 391 ​ Interest rate swaps on loans ​ ​ 6,328 ​ ​ — ​ ​ 6,328 ​ ​ — ​ ​ 6,328 ​ Cash flow hedges ​ ​ 1,941 ​ ​ — ​ ​ 1,941 ​ ​ — ​ ​ 1,941 ​ Bank-owned life insurance ​ ​ 20,909 ​ ​ — ​ ​ 20,909 ​ ​ — ​ ​ 20,909 ​ Accrued interest receivable ​ 8,982 ​ 8,982 ​ — ​ — ​ 8,982 ​ Financial liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Demand and savings deposits ​ ​ 1,622,566 ​ ​ 1,622,566 ​ ​ — ​ ​ — ​ ​ 1,622,566 ​ Time deposits ​ 381,294 ​ — ​ 374,267 ​ — ​ 374,267 ​ Borrowings ​ 85,943 ​ — ​ 71,906 ​ — ​ 71,906 ​ Derivatives ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps on loans ​ ​ 6,328 ​ ​ — ​ ​ 6,328 ​ ​ — ​ ​ 6,328 ​ Accrued interest payable ​ 950 ​ 950 ​ — ​ — ​ 950 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ $ 1,742 ​ $ — ​ $ 269,487 ​ 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)	12 Months Ended
	Dec. 31, 2022
Business Segments
Schedule of segment reporting information, by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2022 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 72,568 ​ $ 2,036 ​ $ 42,441 ​ $ — ​ $ (15,691) ​ $ 101,354 ​ Interest expense ​ 5,532 ​ ​ 662 ​ 15,124 ​ 2,358 ​ (15,786) ​ 7,890 ​ Net interest income ​ 67,036 ​ 1,374 ​ 27,317 ​ (2,358) ​ 95 ​ 93,464 ​ Gain on sales of loans ​ ​ — ​ ​ 7,963 ​ ​ — ​ ​ — ​ ​ (465) ​ ​ 7,498 ​ Other noninterest income ​ ​ 19,250 ​ ​ 4,856 ​ ​ 320 ​ ​ (3,230) ​ ​ (212) ​ ​ 20,984 ​ Net revenue ​ 86,286 ​ 14,193 ​ 27,637 ​ (5,588) ​ (582) ​ 121,946 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ (600) ​ 32 ​ ​ 3,740 ​ ​ — ​ ​ — ​ 3,172 ​ Noninterest expense ​ 56,718 ​ 12,580 ​ ​ 14,554 ​ ​ (1,982) ​ ​ (60) ​ 81,810 ​ Income (loss) before taxes ​ 30,168 ​ 1,581 ​ 9,343 ​ (3,606) ​ (522) ​ 36,964 ​ Income tax expense (benefit) ​ 5,794 ​ 371 ​ ​ 2,512 ​ ​ (973) ​ (109) ​ 7,595 ​ Net income (loss) ​ $ 24,374 ​ $ 1,210 ​ $ 6,831 ​ $ (2,633) ​ $ (413) ​ $ 29,369 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 3,265 ​ $ 66 ​ $ 17 ​ $ — ​ $ — ​ $ 3,348 ​ Depreciation and amortization ​ $ 3,720 ​ $ 226 ​ $ 410 ​ $ — ​ $ — ​ $ 4,356 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 62,402 ​ $ 3,845 ​ $ 37,803 ​ $ — ​ $ (10,322) ​ $ 93,728 ​ Interest expense ​ 5,693 ​ ​ 1,157 ​ 9,503 ​ 2,349 ​ (10,343) ​ 8,359 ​ Net interest income ​ 56,709 ​ 2,688 ​ 28,300 ​ (2,349) ​ 21 ​ 85,369 ​ Gain on sales of loans ​ ​ — ​ ​ 22,370 ​ ​ — ​ ​ — ​ ​ (91) ​ ​ 22,279 ​ Other noninterest income ​ ​ 15,208 ​ ​ 9,192 ​ ​ 378 ​ ​ 2,207 ​ ​ (101) ​ ​ 26,884 ​ Net revenue ​ 71,917 ​ 34,250 ​ 28,678 ​ (142) ​ (171) ​ 134,532 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ (200) ​ (45) ​ ​ 820 ​ ​ — ​ ​ — ​ 575 ​ Noninterest expense ​ 54,981 ​ 23,328 ​ ​ 14,213 ​ ​ 3,375 ​ ​ (22) ​ 95,875 ​ Income (loss) before taxes ​ 17,136 ​ 10,967 ​ 13,645 ​ (3,517) ​ (149) ​ 38,082 ​ Income tax expense (benefit) ​ 3,051 ​ 3,284 ​ ​ 3,685 ​ ​ (1,030) ​ (31) ​ 8,959 ​ Net income (loss) ​ $ 14,085 ​ $ 7,683 ​ $ 9,960 ​ $ (2,487) ​ $ (118) ​ $ 29,123 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 878 ​ $ 164 ​ $ 3,744 ​ $ — ​ $ — ​ $ 4,786 ​ Depreciation and amortization ​ $ 4,113 ​ $ 256 ​ $ 372 ​ $ — ​ $ — ​ $ 4,741 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated Interest income ​ $ 62,173 ​ $ 4,954 ​ $ 38,949 ​ $ — ​ $ (9,163) ​ $ 96,913 ​ Interest expense ​ 10,630 ​ ​ 1,579 ​ 8,726 ​ 1,611 ​ (9,164) ​ 13,382 ​ Net interest income ​ 51,543 ​ 3,375 ​ 30,223 ​ (1,611) ​ 1 ​ 83,531 ​ Gain on sales of loans ​ ​ 3,489 ​ ​ 25,792 ​ ​ — ​ ​ — ​ ​ (57) ​ ​ 29,224 ​ Other noninterest income ​ ​ 12,896 ​ ​ 9,985 ​ ​ 492 ​ ​ 2,040 ​ ​ (30) ​ ​ 25,383 ​ Net revenue ​ 67,928 ​ 39,152 ​ 30,715 ​ 429 ​ (86) ​ 138,138 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provision for loan losses ​ 4,600 ​ 10 ​ ​ 6,470 ​ ​ — ​ ​ — ​ 11,080 ​ Noninterest expense ​ 56,770 ​ 24,014 ​ ​ 13,828 ​ ​ 3,227 ​ ​ — ​ 97,839 ​ Income (loss) before taxes ​ 6,558 ​ 15,128 ​ 10,417 ​ (2,798) ​ (86) ​ 29,219 ​ Income tax expense (benefit) ​ 411 ​ 4,392 ​ ​ 2,805 ​ ​ (795) ​ (18) ​ 6,795 ​ Net income (loss) ​ $ 6,147 ​ $ 10,736 ​ $ 7,612 ​ $ (2,003) ​ $ (68) ​ $ 22,424 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other data: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures ​ $ 6,528 ​ $ 354 ​ $ 3,346 ​ $ — ​ $ — ​ $ 10,228 ​ Depreciation and amortization ​ $ 3,733 ​ $ 281 ​ $ 175 ​ $ — ​ $ — ​ $ 4,189 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Community Mortgage Consumer ​ ​ ​ ​ ​ ​ ​ (Dollars in thousands) ​ Banking ​ Banking ​ Finance ​ Other ​ Eliminations ​ Consolidated ​ Total assets at December 31, 2022 ​ $ 2,206,299 ​ $ 24,500 ​ $ 479,864 ​ $ 43,241 ​ $ (421,587) ​ $ 2,332,317 ​ 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)	12 Months Ended
	Dec. 31, 2022
Derivative Financial Instruments
Schedule of key elements of derivative instruments other than forward sales of mortgage loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ Notional ​ ​ (Dollars in thousands) ​ Amount ​ Assets ​ Liabilities ​ Cash flow hedges: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swap contracts ​ $ 25,000 ​ $ 1,941 ​ $ — ​ ​ Not designated as hedges: ​ ​ ​ ​ ​ ​ ​ ​ Customer-related interest rate swap contracts: ​ ​ ​ ​ ​ ​ ​ ​ Matched interest rate swaps with borrower ​ 85,856 ​ — ​ 6,328 ​ ​ Matched interest rate swaps with counterparty ​ ​ 85,856 ​ ​ 6,328 ​ ​ — ​ ​ Mortgage banking contracts: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLCs ​ ​ 42,284 ​ ​ 391 ​ ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ ​

Holding Company Condensed Fin_2

Holding Company Condensed Financial Information (Tables) - C&F Financial Corporation	12 Months Ended
	Dec. 31, 2022
Condensed Balance Sheet	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (Dollars in thousands) 2022 2021 Condensed Balance Sheets ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ ​ ​ ​ ​ ​ Cash ​ $ 22,094 ​ $ 20,584 ​ Other assets ​ 21,227 ​ 24,884 ​ Investment in C&F Bank ​ 218,262 ​ 235,771 ​ Total assets ​ $ 261,583 ​ $ 281,239 ​ Liabilities and equity ​ ​ ​ ​ ​ ​ ​ Trust preferred capital notes ​ $ 25,386 ​ $ 25,351 ​ Long-term borrowings ​ ​ 23,965 ​ ​ 24,029 ​ Other liabilities ​ 16,598 ​ 21,541 ​ Equity ​ 195,634 ​ 210,318 ​ Total liabilities and equity ​ $ 261,583 ​ $ 281,239 ​ ​
Condensed Statements of Comprehensive Income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Condensed Statements of Comprehensive Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest expense on borrowings ​ $ (2,358) ​ $ (2,348) ​ $ (1,611) ​ Dividends received from C&F Bank ​ 12,500 ​ 12,500 ​ 8,746 ​ Equity in undistributed net income of C&F Bank ​ 19,292 ​ 18,653 ​ 15,373 ​ Other income ​ (3,230) ​ 2,207 ​ 2,041 ​ Other expenses ​ 2,955 ​ (2,345) ​ (2,432) ​ Net income ​ ​ 29,159 ​ ​ 28,667 ​ ​ 22,117 ​ Other comprehensive income (loss), net of tax ​ ​ (34,871) ​ ​ (132) ​ ​ 294 ​ Comprehensive (loss) income ​ $ (5,712) ​ $ 28,535 ​ $ 22,411 ​
Condensed Cash Flow Statement	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Condensed Statements of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net cash provided by operating activities ​ $ 9,750 ​ $ 12,001 ​ $ 8,141 ​ Investing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Acquisition of Peoples Bankshares, Inc. ​ — ​ — ​ (10,084) ​ Swap collateral, net ​ ​ 2,705 ​ ​ 1,030 ​ ​ (1,710) ​ Net cash provided by (used in) investing activities ​ 2,705 ​ 1,030 ​ (11,794) ​ Financing activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Proceeds from borrowings ​ ​ — ​ ​ — ​ ​ 19,924 ​ Common stock repurchases ​ ​ (5,373) ​ ​ (8,232) ​ ​ (1,061) ​ Cash dividends ​ (5,756) ​ (5,675) ​ (5,546) ​ Other financing activities, net ​ 184 ​ 188 ​ 144 ​ Net cash (used in) provided by financing activities ​ (10,945) ​ (13,719) ​ 13,461 ​ Net increase (decrease) in cash and cash equivalents ​ 1,510 ​ (688) ​ 9,808 ​ Cash at beginning of year ​ 20,584 ​ 21,272 ​ 11,464 ​ Cash at end of year ​ $ 22,094 ​ $ 20,584 ​ $ 21,272 ​

Other Noninterest Expenses (Tab

Other Noninterest Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Other Noninterest Expenses
Schedule of other noninterest expense	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (Dollars in thousands) 2022 2021 2020 Data processing fees ​ $ 10,514 ​ $ 11,088 ​ $ 10,916 ​ Professional fees ​ ​ 2,767 ​ ​ 3,066 ​ ​ 3,046 ​ Marketing and advertising expenses ​ ​ 1,805 ​ ​ 1,523 ​ ​ 1,663 ​ Mortgage banking loan processing expenses ​ ​ 1,682 ​ ​ 3,128 ​ ​ 3,235 ​ Travel and educational expenses ​ ​ 1,393 ​ ​ 959 ​ ​ 1,153 ​ Telecommunication expenses ​ ​ 1,368 ​ ​ 1,517 ​ ​ 1,455 ​ All other noninterest expenses ​ 5,850 ​ 7,154 ​ 7,867 ​ Total other noninterest expenses ​ $ 25,379 ​ $ 28,435 ​ $ 29,335 ​

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Nature of Operations and Significant Group Concentration of Credit Risk (Details)	12 Months Ended
	Dec. 31, 2022 subsidiary
Category of loan concentration risk | Loan Portfolio Concentration Risk [Member] | Commercial, Financial & Agricultural
Concentration risk
Concentration risk, percentage	47.90%
Category of loan concentration risk | Loan Portfolio Concentration Risk [Member] | Non-prime consumer finance loans
Concentration risk
Concentration risk, percentage	25.10%
C&F Bank
Concentration risk
Number of wholly owned subsidiaries	5
C&F Mortgage | C&F Select LLC
Concentration risk
Interest owned (as a percent)	51%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Originated Loans and Allowance for Loan Losses (Details)	12 Months Ended
	Dec. 31, 2022
Originated Loans and Allowance for Loan Losses
Non-accrual Status Collection Days Past Due	90 days
Performing | Maximum
Originated Loans and Allowance for Loan Losses
Threshold for classification as performing loans	90 days
Non-performing | Minimum
Originated Loans and Allowance for Loan Losses
Threshold for classification as performing loans	90 days

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Paycheck Protection Program (Details) - USD ($)	12 Months Ended			33 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022
Amount recognized in net loan fees	$ 90,833,000	$ 88,118,000	$ 90,992,000
Minimum
Fees as percentage of principal amount (as a percent)	1%
Maximum
Fees as percentage of principal amount (as a percent)	5%
Paycheck Protection Program
Amount recognized in net loan fees	$ 679,000	$ 4,060,000	$ 1,560,000	$ 6,300,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Repossessed Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Delinquent threshold for repossession process to initiate	60 days
Other assets
Repossessed vehicles	$ 352	$ 190

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Corporate Premises and Equipment (Details)	12 Months Ended
	Dec. 31, 2022
Buildings | Minimum
Premises and equipment
Property, Plant and Equipment, Useful Life	10 years
Buildings | Maximum
Premises and equipment
Property, Plant and Equipment, Useful Life	40 years
Equipment, furniture and fixtures | Minimum
Premises and equipment
Property, Plant and Equipment, Useful Life	3 years
Equipment, furniture and fixtures | Maximum
Premises and equipment
Property, Plant and Equipment, Useful Life	10 years

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Transfer of Financial Assets (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020 USD ($)
Summary of Significant Accounting Policies
Gain on sale of loans held for investment	$ 3,489

Summary of Significant Accoun_9

Summary of Significant Accounting Policies - Income taxes and derivative financial instruments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2022
Summary of Significant Accounting Policies
Income tax benefits from a change in tax law	$ 326,000
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other assets.
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Other liabilities

Summary of Significant Accou_10

Summary of Significant Accounting Policies - Recent Significant Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jan. 01, 2023	Dec. 31, 2022	Dec. 31, 2021
Retained earnings		$ (217,214)	$ (193,811)
Adjustment | Accounting Standards Update 2016-13 | Minimum
Retained earnings	$ 1,000
Adjustment | Accounting Standards Update 2016-13 | Maximum
Retained earnings	$ 3,000

Adoption of New Accounting St_2

Adoption of New Accounting Standards (Details) - ASU 2022-03 $ in Millions	3 Months Ended
	Dec. 31, 2022 USD ($)
Adoption of New Accounting Standards
Other income	$ 2.7
Other income net of tax	$ 2.2

Securities - Available for sale

Securities - Available for sale Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 557,128	$ 372,520
Gross Unrealized Gains	365	3,494
Gross Unrealized Losses	(44,902)	(2,941)
Fair Value	512,591	373,073
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	60,886
Gross Unrealized Losses	(2,053)
Fair Value	58,833
U.S. government agencies and corporations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	143,241	69,583
Gross Unrealized Gains		41
Gross Unrealized Losses	(12,967)	(1,339)
Fair Value	130,274	68,285
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	200,393	189,985
Gross Unrealized Gains	65	1,565
Gross Unrealized Losses	(20,540)	(1,201)
Fair Value	179,918	190,349
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	127,317	91,304
Gross Unrealized Gains	300	1,642
Gross Unrealized Losses	(6,790)	(280)
Fair Value	120,827	92,666
Corporate and other debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	25,291	21,648
Gross Unrealized Gains		246
Gross Unrealized Losses	(2,552)	(121)
Fair Value	$ 22,739	$ 21,773

Securities - Maturities and Rea

Securities - Maturities and Realized Gains and Losses (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Amortized Cost
Due in one year or less	$ 120,590
Due after one year through five years	276,622
Due after five years through ten years	152,015
Due after ten years	7,901
Amortized Cost	557,128	$ 372,520
Fair Value
Due in one year or less	113,350
Due after one year through five years	257,306
Due after five years through ten years	134,619
Due after ten years	7,316
Fair Value	$ 512,591	373,073
Realized Gains and Losses
Number of securities sales | security	0
Proceeds from sales of securities		2,300	$ 5,990
Gross realized gains		42	38
Net realized gains		42	38
Proceeds from sales, maturities, calls and paydowns of securities	$ 55,328	$ 114,019	$ 123,741

Securities - Pledged as Collate

Securities - Pledged as Collateral (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Available for sale securities
Amortized Cost	$ 557,128	$ 372,520
Fair Value	512,591	373,073
Securities Pledged as Collateral
Available for sale securities
Amortized Cost	237,150	185,250
Fair Value	$ 213,580	$ 186,220

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) security	Dec. 31, 2021 USD ($)
Fair value
Less Than 12 Months, Fair Value	$ 271,692	$ 198,937
12 Months or More, Fair Value	209,967	18,485
Total Fair Value	481,659	217,422
Unrealized Loss
Less Than 12 Months, Unrealized Loss	12,523	2,417
12 Months or More, Unrealized Loss	32,379	524
Total Unrealized Loss	$ 44,902	2,941
Other information
Number of positions considered temporarily impaired | security	558
Debt securities considered temporarily impaired	$ 481,659	217,422
Other than temporary impairment	0
U.S. Treasury securities
Fair value
Less Than 12 Months, Fair Value	50,556
12 Months or More, Fair Value	8,277
Total Fair Value	58,833
Unrealized Loss
Less Than 12 Months, Unrealized Loss	1,368
12 Months or More, Unrealized Loss	685
Total Unrealized Loss	2,053
Other information
Debt securities considered temporarily impaired	58,833
U.S. government agencies and corporations
Fair value
Less Than 12 Months, Fair Value	71,948	46,561
12 Months or More, Fair Value	58,326	10,604
Total Fair Value	130,274	57,165
Unrealized Loss
Less Than 12 Months, Unrealized Loss	1,578	945
12 Months or More, Unrealized Loss	11,389	394
Total Unrealized Loss	12,967	1,339
Other information
Debt securities considered temporarily impaired	130,274	57,165
Mortgage-backed securities
Fair value
Less Than 12 Months, Fair Value	73,301	126,873
12 Months or More, Fair Value	104,563	5,178
Total Fair Value	177,864	132,051
Unrealized Loss
Less Than 12 Months, Unrealized Loss	5,441	1,127
12 Months or More, Unrealized Loss	15,099	74
Total Unrealized Loss	20,540	1,201
Other information
Debt securities considered temporarily impaired	177,864	132,051
Obligations of states and political subdivisions
Fair value
Less Than 12 Months, Fair Value	60,838	16,578
12 Months or More, Fair Value	32,120	2,703
Total Fair Value	92,958	19,281
Unrealized Loss
Less Than 12 Months, Unrealized Loss	2,434	224
12 Months or More, Unrealized Loss	4,356	56
Total Unrealized Loss	6,790	280
Other information
Debt securities considered temporarily impaired	92,958	19,281
Corporate and other debt securities
Fair value
Less Than 12 Months, Fair Value	15,049	8,925
12 Months or More, Fair Value	6,681
Total Fair Value	21,730	8,925
Unrealized Loss
Less Than 12 Months, Unrealized Loss	1,702	121
12 Months or More, Unrealized Loss	850
Total Unrealized Loss	2,552	121
Other information
Debt securities considered temporarily impaired	$ 21,730	$ 8,925

Securities - Restricted Stocks

Securities - Restricted Stocks and others (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
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 ($)	Dec. 31, 2022	Dec. 31, 2021
Loans
Loans	$ 1,635,718,000	$ 1,410,060,000
Less allowance for loan losses	(40,518,000)	(40,157,000)
Loans, net	1,595,200,000	1,369,903,000
Real Estate Residential Mortgage
Loans
Loans	266,267,000	217,016,000
Real Estate Construction
Loans
Loans	59,675,000	57,495,000
Commercial, Financial & Agricultural
Loans
Loans	782,981,000	717,730,000
Equity lines
Loans
Loans	43,300,000	41,345,000
Consumer
Loans
Loans	8,938,000	8,280,000
Consumer Finance
Loans
Loans	474,557,000	368,194,000
Consumer
Loans
Amount included related to demand deposit overdrafts	$ 284,000	$ 207,000

Loans - Loans Acquired (Details

Loans - Loans Acquired (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans
Outstanding principal balance	$ 42,679	$ 66,212
Carrying amount
Total acquired loans	38,867	60,453
Real Estate Residential Mortgage
Carrying amount
Total acquired loans	8,887	10,814
Real Estate Construction
Carrying amount
Total acquired loans		1,356
Commercial, Financial & Agricultural
Carrying amount
Total acquired loans	24,137	40,066
Equity lines
Carrying amount
Total acquired loans	5,062	6,957
Consumer
Carrying amount
Total acquired loans	781	1,260
PCI Loans
Loans
Outstanding principal balance	4,522	8,350
Carrying amount
Total acquired loans	1,455	3,655
PCI Loans | Real Estate Residential Mortgage
Carrying amount
Total acquired loans	300	817
PCI Loans | Commercial, Financial & Agricultural
Carrying amount
Total acquired loans	1,114	2,753
PCI Loans | Equity lines
Carrying amount
Total acquired loans	15	38
PCI Loans | Consumer
Carrying amount
Total acquired loans	26	47
Purchased Performing
Loans
Outstanding principal balance	38,157	57,862
Carrying amount
Total acquired loans	37,412	56,798
Purchased Performing | Real Estate Residential Mortgage
Carrying amount
Total acquired loans	8,587	9,997
Purchased Performing | Real Estate Construction
Carrying amount
Total acquired loans		1,356
Purchased Performing | Commercial, Financial & Agricultural
Carrying amount
Total acquired loans	23,023	37,313
Purchased Performing | Equity lines
Carrying amount
Total acquired loans	5,047	6,919
Purchased Performing | Consumer
Carrying amount
Total acquired loans	$ 755	$ 1,213

Loans - Change in Accretable Yi

Loans - Change in Accretable Yield (Details) - PCI Loans - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in the accretable yield
Accretable yield, balance at beginning of period	$ 3,111	$ 4,048
Accretion	(1,566)	(2,472)
Reclassification of nonaccretable difference due to improvement in expected cash flows	1,921	794
Other changes, net	(222)	741
Accretable yield, balance at end of period	$ 3,244	$ 3,111

Loans - Loans on Nonaccrual Sta

Loans - Loans on Nonaccrual Status (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Loans on nonaccrual status
Loans on nonaccrual status	$ 1,189	$ 2,924
Real Estate Residential Mortgage
Loans on nonaccrual status
Loans on nonaccrual status	156	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	108	104
Consumer
Loans on nonaccrual status
Loans on nonaccrual status		3
Marine and recreational vehicles
Loans on nonaccrual status
Loans on nonaccrual status	83
Consumer Finance | Automobiles
Loans on nonaccrual status
Loans on nonaccrual status	$ 842	$ 380

Loans - Past Due Status (Detail

Loans - Past Due Status (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Past due status of loans
Total loans	$ 1,635,718,000	$ 1,410,060,000
90+ days past due and accruing	191,000	178,000
Current, nonaccrual status	244,000	2,240,000
Nonaccrual loans, 90+ days past due	945,000	680,000
PCI
Past due status of loans
Total loans	1,455,000	3,655,000
30-59 Days Past Due
Past due status of loans
Total loans	12,329,000	7,589,000
60-89 Days Past Due
Past due status of loans
Total loans	2,097,000	1,403,000
90+ Days Past Due
Past due status of loans
Total loans	1,136,000	858,000
Total Past Due
Past due status of loans
Total loans	15,562,000	9,850,000
Current
Past due status of loans
Total loans	1,618,701,000	1,396,555,000
Real Estate Residential Mortgage
Past due status of loans
Total loans	266,267,000	217,016,000
90+ days past due and accruing		129,000
Real Estate Residential Mortgage | PCI
Past due status of loans
Total loans	300,000	817,000
Real Estate Residential Mortgage | 30-59 Days Past Due
Past due status of loans
Total loans	1,649,000	963,000
Real Estate Residential Mortgage | 60-89 Days Past Due
Past due status of loans
Total loans	452,000	325,000
Real Estate Residential Mortgage | 90+ Days Past Due
Past due status of loans
Total loans	20,000	429,000
Real Estate Residential Mortgage | Total Past Due
Past due status of loans
Total loans	2,121,000	1,717,000
Real Estate Residential Mortgage | Current
Past due status of loans
Total loans	263,846,000	214,482,000
Real Estate Construction
Past due status of loans
Total loans	59,675,000	57,495,000
Commercial, Financial & Agricultural
Past due status of loans
Total loans	782,981,000	717,730,000
Equity lines
Past due status of loans
Total loans	43,300,000	41,345,000
90+ days past due and accruing		49,000
Equity lines | PCI
Past due status of loans
Total loans	15,000	38,000
Equity lines | 30-59 Days Past Due
Past due status of loans
Total loans		55,000
Equity lines | 60-89 Days Past Due
Past due status of loans
Total loans	39,000	31,000
Equity lines | 90+ Days Past Due
Past due status of loans
Total loans		49,000
Equity lines | Total Past Due
Past due status of loans
Total loans	39,000	135,000
Equity lines | Current
Past due status of loans
Total loans	43,246,000	41,172,000
Consumer
Past due status of loans
Total loans	8,938,000	8,280,000
90+ days past due and accruing	191,000
Consumer | PCI
Past due status of loans
Total loans	26,000	47,000
Consumer | 30-59 Days Past Due
Past due status of loans
Total loans	9,000	12,000
Consumer | 90+ Days Past Due
Past due status of loans
Total loans	191,000
Consumer | Total Past Due
Past due status of loans
Total loans	200,000	12,000
Consumer | Current
Past due status of loans
Total loans	8,712,000	8,221,000
Consumer Finance
Past due status of loans
Total loans	474,557,000	368,194,000
Construction lending | Real Estate Construction
Past due status of loans
Total loans	49,136,000	39,252,000
Construction lending | Real Estate Construction | Current
Past due status of loans
Total loans	49,136,000	39,252,000
Consumer lot lending | Real Estate Construction
Past due status of loans
Total loans	10,539,000	18,243,000
Consumer lot lending | Real Estate Construction | Current
Past due status of loans
Total loans	10,539,000	18,243,000
Commercial real estate lending | Commercial, Financial & Agricultural
Past due status of loans
Total loans	592,301,000	527,913,000
Commercial real estate lending | Commercial, Financial & Agricultural | PCI
Past due status of loans
Total loans	1,114,000	2,753,000
Commercial real estate lending | Commercial, Financial & Agricultural | 60-89 Days Past Due
Past due status of loans
Total loans		39,000
Commercial real estate lending | Commercial, Financial & Agricultural | Total Past Due
Past due status of loans
Total loans		39,000
Commercial real estate lending | Commercial, Financial & Agricultural | Current
Past due status of loans
Total loans	591,187,000	525,121,000
Land acquisition & development lending | Commercial, Financial & Agricultural
Past due status of loans
Total loans	37,537,000	27,609,000
Land acquisition & development lending | Commercial, Financial & Agricultural | Current
Past due status of loans
Total loans	37,537,000	27,609,000
Builder line lending | Commercial, Financial & Agricultural
Past due status of loans
Total loans	34,538,000	30,499,000
Builder line lending | Commercial, Financial & Agricultural | Current
Past due status of loans
Total loans	34,538,000	30,499,000
Commercial business lending | Commercial, Financial & Agricultural
Past due status of loans
Total loans	118,605,000	131,709,000
Commercial business lending | Commercial, Financial & Agricultural | 30-59 Days Past Due
Past due status of loans
Total loans		8,000
Commercial business lending | Commercial, Financial & Agricultural | 60-89 Days Past Due
Past due status of loans
Total loans	1,000
Commercial business lending | Commercial, Financial & Agricultural | Total Past Due
Past due status of loans
Total loans	1,000	8,000
Commercial business lending | Commercial, Financial & Agricultural | Current
Past due status of loans
Total loans	118,604,000	131,701,000
Automobiles | Consumer Finance
Past due status of loans
Total loans	411,112,000	322,067,000
Automobiles | Consumer Finance | 30-59 Days Past Due
Past due status of loans
Total loans	10,557,000	6,519,000
Automobiles | Consumer Finance | 60-89 Days Past Due
Past due status of loans
Total loans	1,570,000	1,008,000
Automobiles | Consumer Finance | 90+ Days Past Due
Past due status of loans
Total loans	842,000	380,000
Automobiles | Consumer Finance | Total Past Due
Past due status of loans
Total loans	12,969,000	7,907,000
Automobiles | Consumer Finance | Current
Past due status of loans
Total loans	398,143,000	314,160,000
Marine and recreational vehicles | Consumer Finance
Past due status of loans
Total loans	63,445,000	46,127,000
Marine and recreational vehicles | Consumer Finance | 30-59 Days Past Due
Past due status of loans
Total loans	114,000	32,000
Marine and recreational vehicles | Consumer Finance | 60-89 Days Past Due
Past due status of loans
Total loans	35,000
Marine and recreational vehicles | Consumer Finance | 90+ Days Past Due
Past due status of loans
Total loans	83,000
Marine and recreational vehicles | Consumer Finance | Total Past Due
Past due status of loans
Total loans	232,000	32,000
Marine and recreational vehicles | Consumer Finance | Current
Past due status of loans
Total loans	$ 63,213,000	$ 46,095,000

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructurings (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) loan item	Dec. 31, 2021 USD ($) item loan	Dec. 31, 2020 USD ($) loan item
Loan modifications classified as troubled debt restructurings
Number of Loans | loan	1	1	3
Recorded Investment | $	$ 45,000	$ 4,000	$ 260,000
TDR payment default period	12 months
Period determining when a past due TDR becomes a subsequent default	90 days
Recorded Investment, TDR payment defaults | $	$ 0	$ 0	$ 0
modifications of payment structure
Loan modifications classified as troubled debt restructurings
Number of Loans | loan	1	1	3
Reduction in principal
Loan modifications classified as troubled debt restructurings
Number of Loans | item	0	0	0
Real Estate Residential Mortgage
Loan modifications classified as troubled debt restructurings
Number of Loans | loan	1	1	2
Recorded Investment | $	$ 45,000	$ 4,000	$ 176,000
Equity lines
Loan modifications classified as troubled debt restructurings
Number of Loans | loan			1
Recorded Investment | $			$ 84,000

Loans - Impaired Loans (Details

Loans - Impaired Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Impaired loans
Impaired loans, troubled debt restructurings	$ 823,000	$ 2,690,000
Impaired loans, Unpaid Principal Balance	823,000	5,430,000
Impaired loans, Recorded Investment in Loans without Specific Reserve	62,000	660,000
Impaired loans, Recorded Investment in Loans with Specific Reserve	761,000	4,548,000
Impaired loans, Related Allowance	51,000	655,000
Impaired loans, Average Balance	834,000	5,329,000
Impaired loans, Interest Income Recognized	37,000	140,000
Real Estate Residential Mortgage
Impaired loans
Impaired loans, Unpaid Principal Balance	797,000	1,689,000
Impaired loans, Recorded Investment in Loans without Specific Reserve	36,000	550,000
Impaired loans, Recorded Investment in Loans with Specific Reserve	761,000	1,035,000
Impaired loans, Related Allowance	51,000	63,000
Impaired loans, Average Balance	806,000	1,560,000
Impaired loans, Interest Income Recognized	35,000	64,000
Commercial, Financial & Agricultural | Commercial real estate lending
Impaired loans
Impaired loans, Unpaid Principal Balance		1,389,000
Impaired loans, Recorded Investment in Loans with Specific Reserve		1,390,000
Impaired loans, Related Allowance		103,000
Impaired loans, Average Balance		1,393,000
Impaired loans, Interest Income Recognized		72,000
Commercial, Financial & Agricultural | Commercial business lending
Impaired loans
Impaired loans, Unpaid Principal Balance		2,234,000
Impaired loans, Recorded Investment in Loans with Specific Reserve		2,123,000
Impaired loans, Related Allowance		489,000
Impaired loans, Average Balance		2,257,000
Equity lines
Impaired loans
Impaired loans, Unpaid Principal Balance	26,000	118,000
Impaired loans, Recorded Investment in Loans without Specific Reserve	26,000	110,000
Impaired loans, Average Balance	28,000	119,000
Impaired loans, Interest Income Recognized	$ 2,000	$ 4,000

Allowance for Loan Losses - Cha

Allowance for Loan Losses - Change in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance balance attributable to loans:
Balance at the beginning of period	$ 40,157	$ 39,156	$ 32,873
Provision charged to operations	3,172	575	11,080
Loans charged off	(7,418)	(4,565)	(9,642)
Recoveries of loans previously charged off	4,607	4,991	4,845
Balance at the end of period	40,518	40,157	39,156
Real Estate Residential Mortgage
Allowance balance attributable to loans:
Balance at the beginning of period	2,660	2,914	2,080
Provision charged to operations	(54)	(279)	808
Loans charged off	(2)		(62)
Recoveries of loans previously charged off	18	25	88
Balance at the end of period	2,622	2,660	2,914
Real Estate Construction
Allowance balance attributable to loans:
Balance at the beginning of period	856	975	681
Provision charged to operations	(68)	(119)	294
Balance at the end of period	788	856	975
Commercial, Financial & Agricultural
Allowance balance attributable to loans:
Balance at the beginning of period	11,085	10,696	7,121
Provision charged to operations	(534)	385	3,589
Loans charged off	(140)		(18)
Recoveries of loans previously charged off	20	4	4
Balance at the end of period	10,431	11,085	10,696
Equity lines
Allowance balance attributable to loans:
Balance at the beginning of period	593	687	733
Provision charged to operations	(98)	(95)	(47)
Recoveries of loans previously charged off	2	1	1
Balance at the end of period	497	593	687
Consumer
Allowance balance attributable to loans:
Balance at the beginning of period	172	371	465
Provision charged to operations	186	(137)	(34)
Loans charged off	(260)	(184)	(231)
Recoveries of loans previously charged off	113	122	171
Balance at the end of period	211	172	371
Consumer Finance
Allowance balance attributable to loans:
Balance at the beginning of period	24,791	23,513	21,793
Provision charged to operations	3,740	820	6,470
Loans charged off	(7,016)	(4,381)	(9,331)
Recoveries of loans previously charged off	4,454	4,839	4,581
Balance at the end of period	$ 25,969	$ 24,791	$ 23,513

Allowance for Loan Losses - All

Allowance for Loan Losses - Allowance and Loans by Impairment Methodology (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Allowance balance attributable to loans:
Individually evaluated for impairment	$ 51	$ 655
Collectively evaluated for impairment	40,467	39,502
Total allowance	40,518	40,157	$ 39,156	$ 32,873
Loans:
Individually evaluated for impairment	823	5,208
Collectively evaluated for impairment	1,633,440	1,401,197
Acquired loans - PCI	1,455	3,655
Total Loans	1,635,718	1,410,060
Real Estate Residential Mortgage
Allowance balance attributable to loans:
Individually evaluated for impairment	51	63
Collectively evaluated for impairment	2,571	2,597
Total allowance	2,622	2,660	2,914	2,080
Loans:
Individually evaluated for impairment	797	1,585
Collectively evaluated for impairment	265,170	214,614
Acquired loans - PCI	300	817
Total Loans	266,267	217,016
Real Estate Construction
Allowance balance attributable to loans:
Collectively evaluated for impairment	788	856
Total allowance	788	856	975	681
Loans:
Collectively evaluated for impairment	59,675	57,495
Total Loans	59,675	57,495
Commercial, Financial & Agricultural
Allowance balance attributable to loans:
Individually evaluated for impairment		592
Collectively evaluated for impairment	10,431	10,493
Total allowance	10,431	11,085	10,696	7,121
Loans:
Individually evaluated for impairment		3,513
Collectively evaluated for impairment	781,867	711,464
Acquired loans - PCI	1,114	2,753
Total Loans	782,981	717,730
Equity lines
Allowance balance attributable to loans:
Collectively evaluated for impairment	497	593
Total allowance	497	593	687	733
Loans:
Individually evaluated for impairment	26	110
Collectively evaluated for impairment	43,259	41,197
Acquired loans - PCI	15	38
Total Loans	43,300	41,345
Consumer
Allowance balance attributable to loans:
Collectively evaluated for impairment	211	172
Total allowance	211	172	371	465
Loans:
Collectively evaluated for impairment	8,912	8,233
Acquired loans - PCI	26	47
Total Loans	8,938	8,280
Consumer Finance
Allowance balance attributable to loans:
Collectively evaluated for impairment	25,969	24,791
Total allowance	25,969	24,791	$ 23,513	$ 21,793
Loans:
Collectively evaluated for impairment	474,557	368,194
Total Loans	$ 474,557	$ 368,194

Allowance for Loan Losses - Cre

Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Allowance for loan losses
Loans, excluding consumer finance	$ 1,161,161,000	$ 1,041,866,000
Pass
Allowance for loan losses
Loans, excluding consumer finance	1,152,847,000	1,029,849,000
Special Mention
Allowance for loan losses
Loans, excluding consumer finance	1,487,000	2,700,000
Substandard
Allowance for loan losses
Loans, excluding consumer finance	6,563,000	6,773,000
Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	264,000	2,544,000
Doubtful
Allowance for loan losses
Loans, excluding consumer finance	0	0
Real Estate Residential Mortgage
Allowance for loan losses
Loans, excluding consumer finance	266,267,000	217,016,000
Real Estate Residential Mortgage | Pass
Allowance for loan losses
Loans, excluding consumer finance	264,891,000	215,432,000
Real Estate Residential Mortgage | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	518,000	664,000
Real Estate Residential Mortgage | Substandard
Allowance for loan losses
Loans, excluding consumer finance	702,000	605,000
Real Estate Residential Mortgage | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	156,000	315,000
Real Estate Construction | Construction lending
Allowance for loan losses
Loans, excluding consumer finance	49,136,000	39,252,000
Real Estate Construction | Construction lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	49,136,000	39,252,000
Real Estate Construction | Consumer lot lending
Allowance for loan losses
Loans, excluding consumer finance	10,539,000	18,243,000
Real Estate Construction | Consumer lot lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	10,539,000	18,243,000
Commercial, Financial & Agricultural | Commercial real estate lending
Allowance for loan losses
Loans, excluding consumer finance	592,301,000	527,913,000
Commercial, Financial & Agricultural | Commercial real estate lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	585,707,000	519,938,000
Commercial, Financial & Agricultural | Commercial real estate lending | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	738,000	1,989,000
Commercial, Financial & Agricultural | Commercial real estate lending | Substandard
Allowance for loan losses
Loans, excluding consumer finance	5,856,000	5,986,000
Commercial, Financial & Agricultural | Land acquisition & development lending
Allowance for loan losses
Loans, excluding consumer finance	37,537,000	27,609,000
Commercial, Financial & Agricultural | Land acquisition & development lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	37,537,000	27,609,000
Commercial, Financial & Agricultural | Builder line lending
Allowance for loan losses
Loans, excluding consumer finance	34,538,000	30,499,000
Commercial, Financial & Agricultural | Builder line lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	34,538,000	30,499,000
Commercial, Financial & Agricultural | Commercial business lending
Allowance for loan losses
Loans, excluding consumer finance	118,605,000	131,709,000
Commercial, Financial & Agricultural | Commercial business lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	118,605,000	129,587,000
Commercial, Financial & Agricultural | Commercial business lending | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance		2,122,000
Equity lines
Allowance for loan losses
Loans, excluding consumer finance	43,300,000	41,345,000
Equity lines | Pass
Allowance for loan losses
Loans, excluding consumer finance	43,147,000	41,013,000
Equity lines | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	40,000	47,000
Equity lines | Substandard
Allowance for loan losses
Loans, excluding consumer finance	5,000	181,000
Equity lines | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	108,000	104,000
Consumer
Allowance for loan losses
Loans, excluding consumer finance	8,938,000	8,280,000
Consumer | Pass
Allowance for loan losses
Loans, excluding consumer finance	8,747,000	8,276,000
Consumer | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	$ 191,000
Consumer | Substandard
Allowance for loan losses
Loans, excluding consumer finance		1,000
Consumer | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance		$ 3,000

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loans by Credit Quality Indicators - Performing and Non-Performing (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Allowance for loan losses
Loans	$ 1,635,718	$ 1,410,060
Consumer Finance
Allowance for loan losses
Loans	474,557	368,194
Consumer Finance | Performing
Allowance for loan losses
Loans	473,632	367,814
Consumer Finance | Non-performing
Allowance for loan losses
Loans	925	380
Consumer Finance | Automobiles
Allowance for loan losses
Loans	411,112	322,067
Consumer Finance | Automobiles | Performing
Allowance for loan losses
Loans	410,270	321,687
Consumer Finance | Automobiles | Non-performing
Allowance for loan losses
Loans	842	380
Consumer Finance | Marine and recreational vehicles
Allowance for loan losses
Loans	63,445	46,127
Consumer Finance | Marine and recreational vehicles | Performing
Allowance for loan losses
Loans	63,362	$ 46,127
Consumer Finance | Marine and recreational vehicles | Non-performing
Allowance for loan losses
Loans	$ 83

OREO - Change in OREO (Details)

OREO - Change in OREO (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Changes in the balance for OREO
Balance at the beginning of year, gross	$ 835,000	$ 1,114,000
Additions	423,000
Charge-offs		(54,000)
Sales proceeds	(1,547,000)	(462,000)
Gain on disposition	289,000	237,000
Balance at the end of year, gross		835,000
Less allowance for losses			$ (207,000)	$ (88,000)
Balance at the end of the year, net	$ 0	$ 835,000

OREO - Changes in the Allowance

OREO - Changes in the Allowance for OREO Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in the allowance for OREO losses
Balance at the beginning of year		$ 207,000	$ 88,000
Provision for losses		(153,000)	176,000
Charge-offs, net		(54,000)	(57,000)
Balance at the end of year			207,000
OREO, expenses other than provision for losses	$ (2,000)	379,000	$ (213,000)
Gain on disposition	$ 289,000	$ 237,000

Corporate Premises and Equipm_3

Corporate Premises and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Corporate premises and equipment, Gross	$ 81,174	$ 79,396
Less accumulated depreciation	(37,325)	(34,597)
Corporate premises and equipment, net	43,849	44,799
Land
Property, Plant and Equipment [Line Items]
Corporate premises and equipment, Gross	9,024	9,104
Buildings
Property, Plant and Equipment [Line Items]
Corporate premises and equipment, Gross	48,537	48,231
Equipment, furniture and fixtures
Property, Plant and Equipment [Line Items]
Corporate premises and equipment, Gross	$ 23,613	$ 22,061

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Goodwill and Other Intangible Assets
Goodwill	$ 25,191	$ 25,191	$ 25,191	$ 14,425
Acquisition of Peoples Bankshares, Incorporated	$ 0	$ 0	10,766
Community Banking
Goodwill and Other Intangible Assets
Goodwill			14,468	3,702
Acquisition of Peoples Bankshares, Incorporated			10,766
Consumer Finance.
Goodwill and Other Intangible Assets
Goodwill			$ 10,723	$ 10,723

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	$ 3,116	$ 3,116
Accumulated Amortization	(1,437)	(1,139)
Other intangible assets, net	1,679	1,977
Core deposit intangible
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,711	1,711
Accumulated Amortization	(464)	(325)
Other amortizable intangibles
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,405	1,405
Accumulated Amortization	$ (973)	$ (814)

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Amortization (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Goodwill and Other Intangible Assets
Amortization of intangible assets	$ 298,000	$ 314,000	$ 332,000
Finite-Lived Intangible Assets, Amortization Expense, Maturity Schedule [Abstract]
2023	273,000
2024	260,000
2025	237,000
2026	101,000
2027	101,000
Thereafter	707,000
Total	$ 1,679,000	$ 1,977,000

Leases (Details)

Leases (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Lease cost
Operating lease cost	$ 1,008,000	$ 1,331,000	$ 1,616,000
Amortization of right-of-use asset	314,000	314,000	166,000
Interest on lease liability	125,000	129,000	70,000
Short-term lease cost	139,000	142,000	219,000
Variable lease cost	97,000	46,000	52,000
Total lease cost	1,683,000	1,962,000	2,123,000
Operating leases:
Right-of-use assets	$ 2,887,000	$ 3,221,000
Right-of-use assets, line item in Statement of Financial Position	Other assets	Other assets
Lease liabilities	$ 2,965,000	$ 3,324,000
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities	Other liabilities
Weighted average remaining lease term (years)	6 years 6 months	7 years
Weighted average discount rate	1.60%	1.70%
Finance leases:
Right of use assets	$ 5,565,000	$ 5,879,000
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other assets.	Other assets.
Lease liabilities	$ 6,141,000	$ 6,346,000
Finance Lease, Liability, Statement of Financial Position [Extensible List]	Secured Debt	Secured Debt
Weighted average remaining lease term (years)	17 years 6 months	18 years 6 months
Weighted average discount rate	2%	2%
Right-of-use assets obtained in exchange for lease liabilities	$ 888,000	$ 2,480,000	1,110,000
Right of use assets obtained in exchange for lease liabilities under finance leases			6,360,000
Lease incentives received, finance leases	235,000	236,000
Lease incentives received, operating leases			115,000
Operating cash flows	1,823,000	1,313,000	1,659,000
Operating cash flows	125,000	129,000	70,000
Finance cash flows	440,000	195,000	53,000
Total cash flows	$ 2,388,000	$ 1,637,000	$ 1,782,000

Leases - Maturities of Corporat

Leases - Maturities of Corporation's Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating leases
2023	$ 744
2024	759
2025	472
2026	303
2027	123
Thereafter	773
Total	3,174
Imputed interest	(209)
Lease liabilities	2,965	$ 3,324
Finance leases
2023	310
2024	346
2025	355
2026	364
2027	373
Thereafter	5,637
Total	7,385
Imputed interest	(1,244)
Lease liabilities	$ 6,141	$ 6,346

Time Deposits - Time Deposits (

Time Deposits - Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Time Deposits
Certificates of deposit, over $250	$ 105,678	$ 114,533
Other time deposits	275,616	311,188
Time Deposits, Total	$ 381,294	$ 425,721

Time Deposits - Remaining Matur

Time Deposits - Remaining Maturities on Time Deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Time Deposits
2023	$ 251,040
2024	99,611
2025	17,405
2026	5,916
2027	5,037
Thereafter	2,285
Time Deposits, Total	$ 381,294	$ 425,721

Borrowings - Short-term Borrowi

Borrowings - Short-term Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Balance outstanding at year end	$ 36,592	$ 34,735
Maximum balance at any month end during the year	38,051	38,197
Average balance for the year	$ 35,630	$ 27,359
Weighted average rate for the year (as a percent)	0.51%	0.47%
Weighted average rate on borrowings at year end	0.97%	0.48%
Estimated fair value at year end	$ 36,592	$ 34,735
Customers
Balance outstanding at year end	34,500
Overnight borrowings | Federal Reserve Bank
Balance outstanding at year end	$ 2,100

Borrowings - Long-term Borrowin

Borrowings - Long-term Borrowings (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Long-term borrowings
Early debt repayment charges			$ (2,197)
2028 Subordinated Notes | Subordinated Notes
Long-term borrowings
Aggregate principal amount	$ 4,000
Fixed rate (as a percent)	6.99%
2030 Subordinated Notes | Subordinated Notes
Long-term borrowings
Aggregate principal amount	$ 20,000
2030 Subordinated Notes | Subordinated Notes | Until September 2025
Long-term borrowings
Fixed rate (as a percent)	4.875%
2030 Subordinated Notes | Subordinated Notes | Thereafter | Three month SOFR
Long-term borrowings
Variable rate, basis spread (as a percent)	4.755%
Revolving bank line of credit | Subordinated Notes
Long-term borrowings
Revolving bank line of credit terminated		$ 50,000
Repayment of revolving bank line of credit			75,030
Repayment of FHLB advances			44,500
Early debt repayment charges			$ 2,200

Borrowings - Line of Credit and

Borrowings - Line of Credit and other disclosures (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Long-term borrowings
Available sources of credit for future borrowings	$ 432,610
FHLB
Long-term borrowings
Available sources of credit for future borrowings	203,040
FRB
Long-term borrowings
Available sources of credit for future borrowings	99,570
Federal Funds Agreements
Long-term borrowings
Available sources of credit for future borrowings	95,000
Repurchase Lines of Credit
Long-term borrowings
Available sources of credit for future borrowings	$ 35,000

Borrowings - Statutory Trusts (

Borrowings - Statutory Trusts (Details) - Trust Preferred Securities Subject to Mandatory Redemption - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2007
Long-term borrowings
Securities issued		$ 25,000,000
Common Stock
Long-term borrowings
Securities issued	$ 775,000
Private Placement
Long-term borrowings
Securities issued	$ 25,000,000
London Interbank Offered Rate (LIBOR) | Minimum
Long-term borrowings
Variable rate, basis spread (as a percent)	1.57%
London Interbank Offered Rate (LIBOR) | Maximum
Long-term borrowings
Variable rate, basis spread (as a percent)	3.15%
CVBK Trust I [Member]
Long-term borrowings
Securities issued	$ 5,000,000
Interest rate (as a percent)	4.64%
Principal asset of Trust, notes receivable from reporting entity	$ 5,160,000
C&F Financial Statutory Trust I [Member]
Long-term borrowings
Securities issued	$ 10,000,000
Interest rate (as a percent)	3.32%
Principal asset of Trust, notes receivable from reporting entity	$ 10,310,000
CF Financial Statutory Trust II
Long-term borrowings
Securities issued	$ 10,000,000
Interest rate (as a percent)	5.10%
Principal asset of Trust, notes receivable from reporting entity	$ 10,310,000

Equity, Other Comprehensive I_3

Equity, Other Comprehensive Income and Earnings Per Share - Equity and Noncontrolling Interest (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Nov. 15, 2022	Nov. 30, 2021
Shareholders' Equity
Number of shares authorized to be repurchased				10,000,000
Shares repurchased (in shares)		145,185	16,422
Cost of shares repurchased		$ 7,310,000	$ 630,000
Number of shares withheld from employees to satisfy tax withholding obligations	7,696	19,554	9,670
Share Repurchase Program 2021
Shareholders' Equity
Number of shares authorized to be repurchased					10,000,000
Shares repurchased (in shares)	89,373
Cost of shares repurchased	$ 4,600,000
Share Repurchase Program 2022
Shareholders' Equity
Cost of shares repurchased	5,000,000
Remaining shares amount available for repurchases	$ 9,500,000

Equity, Other Comprehensive I_4

Equity, Other Comprehensive Income and Earnings Per Share - Changes in Accumulated Other Comprehensive Loss, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Balance, beginning of the period	$ (2,087)
Other comprehensive (loss) income, net of tax	(34,871)	$ (132)	$ 294
Balance, end of period	(36,958)	(2,087)
Accumulated Other Comprehensive Loss, Net
Balance, beginning of the period	(2,087)	(1,955)	(2,249)
Net (loss) income arising during the period	(43,948)	(1,481)	186
Related income tax effects	9,106	253	43
Net (loss) income arising during the period, net of tax	(34,842)	(1,228)	229
Reclassifications into net income	(37)	1,387	82
Related income tax effects	8	(291)	(17)
Reclassifications into net income, net of tax	(29)	1,096	65
Other comprehensive (loss) income, net of tax	(34,871)	(132)	294
Balance, end of period	(36,958)	(2,087)	(1,955)
Securities Available For Sale
Balance, beginning of the period	437	4,397	1,560
Net (loss) income arising during the period	(45,090)	(4,971)	3,629
Related income tax effects	9,469	1,044	(762)
Net (loss) income arising during the period, net of tax	(35,621)	(3,927)	2,867
Reclassifications into net income		(42)	(38)
Related income tax effects		9	8
Reclassifications into net income, net of tax		(33)	(30)
Other comprehensive (loss) income, net of tax	(35,621)	(3,960)	2,837
Balance, end of period	(35,184)	437	4,397
Defined Benefit Plan
Balance, beginning of the period	(2,055)	(4,985)	(3,740)
Net (loss) income arising during the period	(1,465)	2,274	(1,706)
Related income tax effects	308	(478)	358
Net (loss) income arising during the period, net of tax	(1,157)	1,796	(1,348)
Reclassifications into net income	(30)	1,436	131
Related income tax effects	6	(302)	(28)
Reclassifications into net income, net of tax	(24)	1,134	103
Other comprehensive (loss) income, net of tax	(1,181)	2,930	(1,245)
Balance, end of period	(3,236)	(2,055)	(4,985)
Cash Flow Hedges
Balance, beginning of the period	(469)	(1,367)	(69)
Net (loss) income arising during the period	2,607	1,216	(1,737)
Related income tax effects	(671)	(313)	447
Net (loss) income arising during the period, net of tax	1,936	903	(1,290)
Reclassifications into net income	(7)	(7)	(11)
Related income tax effects	2	2	3
Reclassifications into net income, net of tax	(5)	(5)	(8)
Other comprehensive (loss) income, net of tax	1,931	898	(1,298)
Balance, end of period	$ 1,462	$ (469)	$ (1,367)

Equity, Other Comprehensive I_5

Equity, Other Comprehensive Income and Earnings Per Share - Reclassification of Accumulated Other Comprehensive Loss, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Net gains on sales, maturities and calls of available for sale securities		$ 42	$ 38
Noninterest expenses - Other	$ 25,379	28,435	29,335
Interest expense - Trust preferred capital notes	1,164	1,151	1,156
Income tax expense	7,595	8,959	6,795
Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	29	(1,096)	(65)
Securities Available For Sale | Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income		33	30
Reclassification of net realized gains into net income | Reclassifications from accumulated other comprehensive loss into net income
Net gains on sales, maturities and calls of available for sale securities		42	38
Related income tax effects | Reclassifications from accumulated other comprehensive loss into net income
Income tax expense		(9)	(8)
Defined Benefit Plan | Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	24	(1,134)	(103)
Reclassification of recognized net actuarial losses into net income | Reclassifications from accumulated other comprehensive loss into net income
Noninterest expenses - Other	(38)	(1,504)	(197)
Amortization of prior service credit into net income | Reclassifications from accumulated other comprehensive loss into net income
Noninterest expenses - Other	68	68	66
Related income tax effects. | Reclassifications from accumulated other comprehensive loss into net income
Income tax expense	(6)	302	28
Cash Flow Hedges | Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	5	5	8
Amortization of hedging gains into net income | Reclassifications from accumulated other comprehensive loss into net income
Interest expense - Trust preferred capital notes	7	7	11
Related income tax effects, | Reclassifications from accumulated other comprehensive loss into net income
Income tax expense	$ (2)	$ (2)	$ (3)

Equity, Other Comprehensive I_6

Equity, Other Comprehensive Income and Earnings Per Share - Earnings Per Share (EPS) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of earnings per share calculations
Net income attributable to C&F Financial Corporation	$ 29,159	$ 28,667	$ 22,117
Weighted average shares outstanding-basic	3,517,114	3,604,119	3,648,696

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Principal components on income tax expense:
Current taxes	$ 6,887	$ 9,049	$ 7,612
Deferred taxes	708	(90)	(817)
Income tax expense	$ 7,595	$ 8,959	$ 6,795

Income Taxes - Income Tax Rate

Income Taxes - Income Tax Rate Reconciliation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amounts
Income tax at statutory rates	$ 7,762,000	$ 7,997,000	$ 6,136,000
State income taxes	536,000	1,340,000	1,449,000
Tax-exempt interest income	(427,000)	(396,000)	(493,000)
Excess compensation		571,000	328,000
Change in tax law			(326,000)
Income from bank-owned life insurance	(130,000)	(110,000)	(107,000)
Investments in qualified housing projects	(56,000)	(48,000)	(82,000)
Share-based compensation	(37,000)	(83,000)	(77,000)
Contribution of real property		(107,000)
Merger related expenses			29,000
Other	(53,000)	(205,000)	(62,000)
Income tax expense	$ 7,595,000	$ 8,959,000	$ 6,795,000
Percent of Pre-tax Income
Income tax at statutory rates (as a percent)	21%	21%	21%
State income taxes (as a percent)	1.50%	3.50%	5%
Tax-exempt interest income (as a percent)	(1.10%)	(1.00%)	(1.70%)
Excess compensation (as a percent)		1.50%	1.10%
Change in tax law (as a percent)			(1.10%)
Income from bank-owned life insurance (as a percent)	(0.40%)	(0.30%)	(0.40%)
Investments in qualified housing projects (as a percent)	(0.20%)	(0.10%)	(0.30%)
Share-based compensation (as a percent)	(0.10%)	(0.20%)	(0.30%)
Contribution of real property (as a percent)		(0.30%)
Merger related expenses			0.10%
Other	(0.10%)	(0.50%)	(0.20%)
Income tax expense (as a percent)	20.60%	23.60%	23.20%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets
Allowances for loan losses	$ 10,108	$ 9,960
Nonqualified defined contribution plan	4,128	3,948
Lease liabilities	1,967	2,057
Fair value adjustments related to business combinations	711	1,119
Share-based compensation	897	752
Reserve for indemnification losses	586	821
Accrued expenses	396	352
Cash flow hedges		158
Net unrealized loss on securities available for sale	9,353
Other	845	1,275
Deferred tax assets	28,991	20,442
Deferred tax liabilities
Goodwill and other intangible assets	(3,068)	(3,114)
Right of use assets	(1,830)	(1,938)
Depreciation	(917)	(989)
Net unrealized gain on securities available for sale		(116)
Defined benefit plan	(649)	(677)
Cash flow hedges	(513)
Deferred tax liabilities	(6,977)	(6,834)
Net deferred tax asset	$ 22,014	$ 13,608

Employee Benefit Plans - Define

Employee Benefit Plans - Defined Contribution Plans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Defined contribution plans
Minimum age	18 years
Amounts charged to expense	$ 1,440,000	$ 2,030,000	$ 2,090,000
Postretirement benefit plan | Chief Executive Officer
Defined contribution plans
Amounts charged to expense	10,000	15,000	0
Nonqualified Executive Plan | Profit-Sharing Plan
Defined contribution plans
Amounts charged to expense	$ 345,000	$ 296,000	$ 465,000
Cash Balance Plan | C&F Bank
Defined contribution plans
Threshold monthly interest credits based on the yield under the benefit plan	3%
Minimum age	21 years
Basis points added to 30-year Treasuries yield to compute interest credit (as a percent)	1.50%

Employee Benefit Plans - Defi_2

Employee Benefit Plans - Defined Benefit Plans - Projected Benefit Obligations, Plan Assets, Funded Status and Rate Assumptions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Change in benefit obligation
Actuarial gain	$ 5,190	$ 1,250
Weighted-average assumptions for benefit obligation at valuation date
Accumulated benefit obligation	15,270	20,250
C&F Bank | Cash Balance Plan
Change in benefit obligation
Projected benefit obligation, beginning	20,247	24,643
Service cost	1,837	1,970	$ 1,603
Interest cost	492	458	551
Actuarial gain	5,190	1,248
Benefits paid	(2,119)	(210)
Settlements paid		(5,366)
Projected benefit obligation, ending	15,267	20,247	24,643
Change in plan assets
Fair value of plan assets, beginning	23,470	26,287
Actual return on plan assets	(4,995)	2,759
Employer contributions	2,000
Benefits paid	(2,119)	(210)
Settlements paid		(5,366)
Fair value of plan assets, ending	18,356	23,470	$ 26,287
Funded status	3,089	3,223
Amounts recognized as an other asset	3,089	3,223
Amounts recognized in accumulated other comprehensive loss
Net loss	4,397	2,970
Prior service credits	(302)	(370)
Deferred taxes	(859)	(545)
Total recognized in accumulated other comprehensive loss	$ 3,236	$ 2,055
Weighted-average assumptions for benefit obligation at valuation date
Discount rate	4.90%	2.50%
Rate of compensation increase	3%	3%
Interest crediting rate	5%	5%
Settlements paid		$ 5,366

Employee Benefit Plans - Defi_3

Employee Benefit Plans - Defined Benefit Plans - Components of Net Periodic Pension Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of net periodic benefit cost
Net periodic benefit cost	$ 639	$ 2,131	$ 793
C&F Bank | Cash Balance Plan
Components of net periodic benefit cost
Service cost, included in salaries and employee benefits	1,837	1,970	1,603
Interest cost	$ 492	$ 458	$ 551
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Expected return on plan assets	$ (1,660)	$ (1,733)	$ (1,492)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Amortization of prior service credit	$ (68)	$ (68)	$ (66)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Pension settlement charges		$ 1,261
Recognized net actuarial losses	$ 38	$ 243	$ 197
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Other components of net periodic benefit cost, included in other noninterest expense	$ (1,198)	$ 161	$ (810)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Net periodic benefit cost	$ 639	$ 2,131	$ 793

Employee Benefit Plans - Defi_4

Employee Benefit Plans - Defined Benefit Plans - Weighted-average Assumptions for Net Periodic Benefit Cost (Details) - C&F Bank - Cash Balance Plan	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Weighted-average assumptions for net periodic benefit cost as of
Discount rate	2.50%	2.10%	2.90%
Expected return on plan assets	7.30%	7.30%	7.30%
Rate of compensation increase	3%	3%	3%
Interest crediting rate	5%	5%	5%

Employee Benefit Plans - Defi_5

Employee Benefit Plans - Defined Benefit Plans - Expected Benefit Payments (Details) - C&F Bank - Cash Balance Plan $ in Thousands	Dec. 31, 2022 USD ($)
Expected benefit payments
2023	$ 814
2024	1,305
2025	1,828
2026	950
2027	910
2028 - 2032	$ 10,023

Employee Benefit Plans - Defi_6

Employee Benefit Plans - Defined Benefit Plans - Weighted-Average Asset Allocations (Details) - C&F Bank - Cash Balance Plan	Dec. 31, 2022	Dec. 31, 2021
Weighted average asset allocations by asset category
Weighted average asset allocation by asset category	100%	100%
Mutual funds-fixed income
Weighted average asset allocations by asset category
Weighted average asset allocation by asset category	38%	38%
Mutual funds-equity
Weighted average asset allocations by asset category
Weighted average asset allocation by asset category	62%	62%

Employee Benefit Plans - Defi_7

Employee Benefit Plans - Defined Benefit Plans - Fair Value of Defined Benefit Plan Assets (Details) - C&F Bank - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Mutual funds-fixed income
Defined Benefit Plans
Target asset allocations	40%
Mutual funds-equity
Defined Benefit Plans
Target asset allocations	60%
Cash Balance Plan
Defined Benefit Plans
Assets at Fair Value	$ 18,356	$ 23,470	$ 26,287
Cash Balance Plan | Level 1
Defined Benefit Plans
Assets at Fair Value	18,356	23,470
Cash Balance Plan | Mutual funds-fixed income
Defined Benefit Plans
Assets at Fair Value	6,975	8,919
Cash Balance Plan | Mutual funds-fixed income | Level 1
Defined Benefit Plans
Assets at Fair Value	6,975	8,919
Cash Balance Plan | Mutual funds-equity
Defined Benefit Plans
Assets at Fair Value	11,381	14,551
Cash Balance Plan | Mutual funds-equity | Level 1
Defined Benefit Plans
Assets at Fair Value	$ 11,381	$ 14,551

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Management, including directors and senior officers and certain of their affiliates
Related party activity
Loans receivable, related party	$ 1,530,000	$ 1,730,000
Directors and senior officers
Related party activity
Advances	4,000
Repayments	196,000
Deposits, related party	$ 5,020,000	$ 5,960,000

Share-Based Plans - Restricted

Share-Based Plans - Restricted Stock Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Shares
Nonvested, beginning of period (in shares)	140,577
Nonvested, end of period (in shares)	145,677	140,577
Restricted Stock
Shares
Nonvested, beginning of period (in shares)	140,577	155,945	142,020
Granted (in shares)	36,435	41,912	47,385
Vested (in shares)	(26,200)	(51,305)	(30,550)
Cancelled (in shares)	(5,135)	(5,975)	(2,910)
Nonvested, end of period (in shares)	145,677	140,577	155,945
Weighted-Average Grant Date Fair Value
Nonvested, beginning of period (in dollars per share)	$ 48.57	$ 48.52	$ 48.88
Granted (in dollars per share)	54.18	47.83	42.01
Vested (in dollars per share)	54.73	48.11	39.84
Cancelled (in dollars per share)	48.28	45.87	53.46
Nonvested, end of period (in dollars per share)	$ 48.88	$ 48.57	$ 48.52
Additional information
Fair value of shares vested	$ 1,390,000	$ 2,420,000	$ 1,370,000
Compensation expense	1,970,000	1,700,000	1,450,000
Compensation expense after tax	1,420,000	$ 1,160,000	$ 981,000
Unrecognized compensation expense	$ 3,520,000
Restricted Stock | Employees
Summary of restricted stock awards
Vesting period	5 years
Restricted Stock | Nonemployee Directors
Summary of restricted stock awards
Vesting period	3 years

Regulatory Requirements and R_3

Regulatory Requirements and Restrictions - Capital Amounts and Ratios (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Regulatory requirements
Risk-weighted assets	$ 1,820,000	$ 1,640,000
Total Capital (to Risk-Weighted Assets)
Actual (in Dollars)	$ 280,606	$ 257,779
Actual	0.154	0.158
Minimum capital requirements (in Dollars)	$ 145,958	$ 130,817
Minimum capital requirements	0.080	0.080
Tier 1 Capital (to Risk-Weighted Assets)
Actual (in Dollars)	$ 233,581	$ 213,095
Actual	0.128	0.130
Minimum capital requirements (in Dollars)	$ 109,468	$ 98,113
Minimum capital requirements	0.060	0.060
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual (in Dollars)	$ 208,581	$ 188,095
Actual	0.114	0.115
Minimum capital requirements (in Dollars)	$ 82,101	$ 73,585
Minimum capital requirements	0.045	0.045
Tier 1 Capital (to Average Tangible Assets)
Actual (in Dollars)	$ 233,581	$ 213,095
Actual	0.099	0.097
Minimum capital requirements (in Dollars)	$ 94,562	$ 88,121
Minimum capital requirements	0.040	0.040
C&F Bank
Regulatory requirements
Risk-weighted assets	$ 1,800,000	$ 1,610,000
Total Capital (to Risk-Weighted Assets)
Actual (in Dollars)	$ 255,719	$ 233,780
Actual	0.142	0.145
Minimum capital requirements (in Dollars)	$ 144,074	$ 128,701
Minimum capital requirements	0.080	0.080
Minimum to be well capitalized under prompt corrective action provisions (in Dollars)	$ 180,093	$ 160,876
Minimum to be well capitalized under prompt corrective action provisions	0.100	0.100
Tier 1 Capital (to Risk-Weighted Assets)
Actual (in Dollars)	$ 232,985	$ 213,423
Actual	0.129	0.133
Minimum capital requirements (in Dollars)	$ 108,056	$ 96,526
Minimum capital requirements	0.060	0.060
Minimum to be well capitalized under prompt corrective action provisions (in Dollars)	$ 144,074	$ 128,701
Minimum to be well capitalized under prompt corrective action provisions	0.080	0.080
Common Equity Tier 1 Capital (to Risk-Weighted Assets)
Actual (in Dollars)	$ 232,985	$ 213,423
Actual	0.129	0.133
Minimum capital requirements (in Dollars)	$ 81,042	$ 72,394
Minimum capital requirements	0.045	0.045
Minimum to be well capitalized under prompt corrective action provisions (in Dollars)	$ 117,060	$ 104,569
Minimum to be well capitalized under prompt corrective action provisions	0.065	0.065
Tier 1 Capital (to Average Tangible Assets)
Actual (in Dollars)	$ 232,985	$ 213,423
Actual	0.099	0.098
Minimum capital requirements (in Dollars)	$ 93,856	$ 87,184
Minimum capital requirements	0.040	0.040
Minimum to be well capitalized under prompt corrective action provisions (in Dollars)	$ 117,320	$ 108,980
Minimum to be well capitalized under prompt corrective action provisions	0.050	0.050

Regulatory Requirements and R_4

Regulatory Requirements and Restrictions - New minimum capital ratios (Details)	Dec. 31, 2022
Regulatory requirements
Capital conservation buffer requirement	2.50%
C&F Bank
Regulatory requirements
Capital conservation buffer requirement	7%
Total capital conservation buffer exceeded	10.50%
Tier 1 capital conservation buffer exceeded	8.50%

Regulatory Requirements and R_5

Regulatory Requirements and Restrictions - Trust Preferred Securities (Details) - Trust Preferred Securities Subject to Mandatory Redemption - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2007
Financial Instruments Subject to Mandatory Redemption by Settlement Terms [Line Items]
Securities issued			$ 25,000
Securities included in Tier One Capital	$ 25,000	$ 25,000

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Loan Commitments (Details) - C&F Bank - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Standby Letters of Credit
Commitments and Contingent Liabilities
Face amount of asset	$ 16,260	$ 15,110
Loan commitments
Commitments and Contingent Liabilities
Face amount of asset	$ 394,750	$ 305,370

Commitments and Contingent Li_4

Commitments and Contingent Liabilities - Other (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Indemnification reserve for recourse provisions
Commitments and Contingent Liabilities
Provision for indemnifications	$ (858,000)	$ (104,000)
C&F Mortgage
Commitments and Contingent Liabilities
Recourse period for early payment default, minimum	90 days
Recourse period for early payment default, maximum	1 year

Commitments and Contingent Li_5

Commitments and Contingent Liabilities - Changes in Allowance for Indemnifications Losses (Details) - Indemnification reserve for recourse provisions - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in the allowance for indemnification losses
Allowance, beginning of period	$ 3,252,000	$ 3,356,000
Net reversal of provision for indemnification losses	(858,000)	(104,000)
Allowance, end of period	$ 2,394,000	$ 3,252,000

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Investments in Other investment company funds (Details) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2022	Dec. 31, 2021
Fair value of investment in Other investments companies	$ 2,160,000	$ 2,160,000	$ 1,470,000
Unrealized gains or losses		(204,000)	$ 172,000
Fair value of investments	3,650,000	3,650,000
Unrealized gains from change in fair value of investments		$ 2,860,000
ASU 2022-03
Other income	2,700,000
Other income net of tax	2,200,000
ASU 2022-03 | Change in accounting policy for investments
Other income	2,700,000
Other income net of tax	$ 2,200,000

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	Dec. 31, 2022	Dec. 31, 2021
Securities available for sale
Securities available for sale	$ 512,591	$ 373,073
Other investments	3,650
Interest rate swaps on loans | Cash flow hedge
Securities available for sale
Derivatives	1,941
Liabilities:
Derivatives		665
Recurring
Securities available for sale
Securities available for sale	512,591	373,073
Other investments	3,649
Loans held for sale	14,259	82,295
Total assets	539,159	460,358
Liabilities:
Derivatives	6,328	4,135
Recurring | Cash flow hedge
Securities available for sale
Derivatives	1,941
Liabilities:
Derivatives		665
Recurring | IRLC
Securities available for sale
Derivatives	391	1,523
Recurring | Interest rate swaps on loans
Securities available for sale
Derivatives	6,328	3,467
Liabilities:
Derivatives	6,328	3,467
Recurring | Forward sales of TBA securities
Liabilities:
Derivatives		3
Level 2 | Recurring
Securities available for sale
Securities available for sale	512,591	373,073
Other investments	3,649
Loans held for sale	14,259	82,295
Total assets	539,159	460,358
Liabilities:
Derivatives	6,328	4,135
Level 2 | Recurring | Cash flow hedge
Securities available for sale
Derivatives	1,941
Liabilities:
Derivatives		665
Level 2 | Recurring | IRLC
Securities available for sale
Derivatives	391	1,523
Level 2 | Recurring | Interest rate swaps on loans
Securities available for sale
Derivatives	6,328	3,467
Liabilities:
Derivatives	6,328	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	58,833
U.S. Treasury securities | Recurring
Securities available for sale
Securities available for sale	58,833
U.S. Treasury securities | Level 2 | Recurring
Securities available for sale
Securities available for sale	58,833
U.S. government agencies and corporations
Securities available for sale
Securities available for sale	130,274	68,285
U.S. government agencies and corporations | Recurring
Securities available for sale
Securities available for sale	130,274	68,285
U.S. government agencies and corporations | Level 2 | Recurring
Securities available for sale
Securities available for sale	130,274	68,285
Mortgage-backed securities
Securities available for sale
Securities available for sale	179,918	190,349
Mortgage-backed securities | Recurring
Securities available for sale
Securities available for sale	179,918	190,349
Mortgage-backed securities | Level 2 | Recurring
Securities available for sale
Securities available for sale	179,918	190,349
Obligations of states and political subdivisions
Securities available for sale
Securities available for sale	120,827	92,666
Obligations of states and political subdivisions | Recurring
Securities available for sale
Securities available for sale	120,827	92,666
Obligations of states and political subdivisions | Level 2 | Recurring
Securities available for sale
Securities available for sale	120,827	92,666
Corporate and other debt securities
Securities available for sale
Securities available for sale	22,739	21,773
Corporate and other debt securities | Recurring
Securities available for sale
Securities available for sale	22,739	21,773
Corporate and other debt securities | Level 2 | Recurring
Securities available for sale
Securities available for sale	$ 22,739	$ 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) - USD ($) $ in Thousands	Dec. 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	Dec. 31, 2022	Dec. 31, 2021
Assets:
Securities available for sale	$ 512,591	$ 373,073
Other investments	3,650
Bank-owned life insurance	20,909	20,597
Carrying Value
Assets:
Cash and short-term investments	28,898	269,487
Securities available for sale	512,591	373,073
Loans, net	1,595,200	1,369,903
Loans held for sale	14,259	82,295
Other investments	3,649
Bank-owned life insurance	20,909	20,597
Accrued interest receivable	8,982	6,810
Financial liabilities:
Demand and savings deposits	1,622,566	1,488,893
Time deposits	381,294	425,721
Borrowings	85,943	84,115
Accrued interest payable	950	715
Total Fair Value
Assets:
Cash and short-term investments	28,850	269,487
Securities available for sale	512,591	373,073
Loans, net	1,538,062	1,379,564
Loans held for sale	14,259	82,295
Other investments	3,649
Bank-owned life insurance	20,909	20,597
Accrued interest receivable	8,982	6,810
Financial liabilities:
Demand and savings deposits	1,622,566	1,488,893
Time deposits	374,267	428,462
Borrowings	71,906	89,609
Accrued interest payable	950	715
Total Fair Value | Level 1
Assets:
Cash and short-term investments	26,661	267,745
Accrued interest receivable	8,982	6,810
Financial liabilities:
Demand and savings deposits	1,622,566	1,488,893
Accrued interest payable	950	715
Total Fair Value | Level 2
Assets:
Cash and short-term investments	2,189	1,742
Securities available for sale	512,591	373,073
Loans held for sale	14,259	82,295
Other investments	3,649
Bank-owned life insurance	20,909	20,597
Financial liabilities:
Time deposits	374,267	428,462
Borrowings	71,906	89,609
Total Fair Value | Level 3
Assets:
Loans, net	1,538,062	1,379,564
IRLC | Carrying Value
Assets:
Derivatives	391	1,523
IRLC | Total Fair Value
Assets:
Derivatives	391	1,523
IRLC | Total Fair Value | Level 2
Assets:
Derivatives	391	1,523
Interest rate swaps on loans | Carrying Value
Assets:
Derivatives	6,328	3,467
Financial liabilities:
Derivatives	6,328	3,467
Interest rate swaps on loans | Total Fair Value
Assets:
Derivatives	6,328	3,467
Financial liabilities:
Derivatives	6,328	3,467
Interest rate swaps on loans | Total Fair Value | Level 2
Assets:
Derivatives	6,328	3,467
Financial liabilities:
Derivatives	6,328	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 hedge | Carrying Value
Assets:
Derivatives	1,941
Financial liabilities:
Derivatives		665
Cash flow hedge | Total Fair Value
Assets:
Derivatives	1,941
Financial liabilities:
Derivatives		665
Cash flow hedge | Total Fair Value | Level 2
Assets:
Derivatives	1,941
Financial liabilities:
Derivatives		665
Cash flow hedge | Interest rate swaps on loans
Assets:
Derivatives	$ 1,941
Financial liabilities:
Derivatives		$ 665

Business Segments - Segment Rep

Business Segments - Segment Reporting (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Business Segments
Number of principal business segments | segment	3
Interest income	$ 101,354	$ 93,728	$ 96,913
Interest expense	7,890	8,359	13,382
Net interest income	93,464	85,369	83,531
Gains on sales of loans	7,498	22,279	29,224
Other noninterest income	20,984	26,884	25,383
Net revenue	121,946	134,532	138,138
Provision for loan losses	3,172	575	11,080
Noninterest expense	81,810	95,875	97,839
Income before income taxes	36,964	38,082	29,219
Income tax expense (benefit)	7,595	8,959	6,795
Net income	29,369	29,123	22,424
Capital expenditures	3,348	4,786	10,228
Depreciation and amortization	4,356	4,741	4,189
Total assets	2,332,317	2,264,521
Operating Segments | Community Banking
Business Segments
Interest income	72,568	62,402	62,173
Interest expense	5,532	5,693	10,630
Net interest income	67,036	56,709	51,543
Gains on sales of loans			3,489
Other noninterest income	19,250	15,208	12,896
Net revenue	86,286	71,917	67,928
Provision for loan losses	(600)	(200)	4,600
Noninterest expense	56,718	54,981	56,770
Income before income taxes	30,168	17,136	6,558
Income tax expense (benefit)	5,794	3,051	411
Net income	24,374	14,085	6,147
Capital expenditures	3,265	878	6,528
Depreciation and amortization	3,720	4,113	3,733
Total assets	2,206,299	2,131,391
Operating Segments | Mortgage Banking
Business Segments
Interest income	2,036	3,845	4,954
Interest expense	662	1,157	1,579
Net interest income	1,374	2,688	3,375
Gains on sales of loans	7,963	22,370	25,792
Other noninterest income	4,856	9,192	9,985
Net revenue	14,193	34,250	39,152
Provision for loan losses	32	(45)	10
Noninterest expense	12,580	23,328	24,014
Income before income taxes	1,581	10,967	15,128
Income tax expense (benefit)	371	3,284	4,392
Net income	1,210	7,683	10,736
Capital expenditures	66	164	354
Depreciation and amortization	226	256	281
Total assets	24,500	105,547
Operating Segments | Consumer Finance.
Business Segments
Interest income	42,441	37,803	38,949
Interest expense	15,124	9,503	8,726
Net interest income	27,317	28,300	30,223
Other noninterest income	320	378	492
Net revenue	27,637	28,678	30,715
Provision for loan losses	3,740	820	6,470
Noninterest expense	14,554	14,213	13,828
Income before income taxes	9,343	13,645	10,417
Income tax expense (benefit)	2,512	3,685	2,805
Net income	6,831	9,960	7,612
Capital expenditures	17	3,744	3,346
Depreciation and amortization	410	372	175
Total assets	479,864	372,292
Operating Segments | Other
Business Segments
Interest expense	2,358	2,349	1,611
Net interest income	(2,358)	(2,349)	(1,611)
Other noninterest income	(3,230)	2,207	2,040
Net revenue	(5,588)	(142)	429
Noninterest expense	(1,982)	3,375	3,227
Income before income taxes	(3,606)	(3,517)	(2,798)
Income tax expense (benefit)	(973)	(1,030)	(795)
Net income	(2,633)	(2,487)	(2,003)
Total assets	43,241	44,897
Eliminations
Business Segments
Interest income	(15,691)	(10,322)	(9,163)
Interest expense	(15,786)	(10,343)	(9,164)
Net interest income	95	21	1
Gains on sales of loans	(465)	(91)	(57)
Other noninterest income	(212)	(101)	(30)
Net revenue	(582)	(171)	(86)
Noninterest expense	(60)	(22)
Income before income taxes	(522)	(149)	(86)
Income tax expense (benefit)	(109)	(31)	(18)
Net income	(413)	(118)	$ (68)
Total assets	$ (421,587)	$ (389,606)

Business Segments - Merger Rela

Business Segments - Merger Related Expenses and Segment Debt (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) item	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Business Segments
Merger related costs	$ 0	$ 0	$ 898,000
Mortgage Banking
Business Segments
Number of intersegment lines of credit | item	2
Mortgage Banking | FHLB Advances | Minimum
Business Segments
Variable rate, spread (as a percent)	0.50%
Mortgage Banking | FHLB Advances | Maximum
Business Segments
Variable rate, spread (as a percent)	1.75%
Consumer Finance.
Business Segments
Floor variable rate (as a percent)	3.50%
Ceiling rate (as a percent)	6%
Consumer Finance. | Minimum
Business Segments
Variable rate, spread (as a percent)	2.50%
Consumer Finance. | Maximum
Business Segments
Variable rate, spread (as a percent)	5.10%
Consumer Finance. | London Interbank Offered Rate (LIBOR) | Minimum
Business Segments
Variable rate, spread (as a percent)	2.115%
Peoples Bankshares, Incorporated (Peoples)
Business Segments
Merger related costs	$ 0	$ 0	1,400,000
Merger related costs, after income taxes			1,130,000
Peoples Bankshares, Incorporated (Peoples) | Community Banking
Business Segments
Merger related costs			1,300,000
Merger related costs, after income taxes			1,030,000
Peoples Bankshares, Incorporated (Peoples) | Community Banking | Salaries and benefits expense
Business Segments
Merger related costs			119,000
Peoples Bankshares, Incorporated (Peoples) | Community Banking | Other noninterest expense
Business Segments
Merger related costs			879,000
Peoples Bankshares, Incorporated (Peoples) | Community Banking | Other noninterest income
Business Segments
Merger related costs			$ 298,000

Derivatives Financial Instrumen

Derivatives Financial Instruments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 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	823	$ 5,430
Other assets
Derivatives and other information
Cash collateral	0	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 hedge
Derivatives and other information
Notional amount	25,000	25,000
Derivative Asset	1,941
Derivative Liability		665
Matched interest rate swap with borrower | Not designated as hedges
Derivatives and other information
Notional amount	85,856	72,352
Derivative Asset		3,303
Derivative Liability	6,328	164
Matched interest rate swaps with counterparty | Not designated as hedges
Derivatives and other information
Notional amount	85,856	72,352
Derivative Asset	6,328	164
Derivative Liability		3,303
IRLC | Not designated as hedges
Derivatives and other information
Notional amount	42,284	83,407
Derivative Asset	391	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	42,280	80,590
Unpaid principal on mortgage loans held for sale	16,410	72,240
Mortgage loans	$ 58,690	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

Holding Company Condensed Fin_3

Holding Company Condensed Financial Information - Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Assets
Other assets.	$ 59,862	$ 56,661
Total assets	2,332,317	2,264,521
Liabilities and shareholders' equity
Trust preferred capital notes	25,386	25,351
Long-term borrowings	30,106	30,375
Other liabilities	39,190	47,707
Equity	195,634	210,318
Total liabilities and equity	2,332,317	2,264,521
C&F Financial Corporation | Reportable Legal Entities
Assets
Cash	22,094	20,584	$ 21,272	$ 11,464
Other assets.	21,227	24,884
Investment in C&F Bank	218,262	235,771
Total assets	261,583	281,239
Liabilities and shareholders' equity
Trust preferred capital notes	25,386	25,351
Long-term borrowings	23,965	24,029
Other liabilities	16,598	21,541
Equity	195,634	210,318
Total liabilities and equity	$ 261,583	$ 281,239

Holding Company Condensed Fin_4

Holding Company Condensed Financial Information - Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CONSOLIDATED STATEMENTS OF INCOME
Interest expense on borrowings	$ (1,502)	$ (1,771)	$ (2,592)
Other expenses	(81,810)	(95,875)	(97,839)
Net income	29,369	29,123	22,424
Other comprehensive income (loss), net of tax	(34,871)	(132)	294
Comprehensive (loss) income	(5,502)	28,991	22,718
C&F Financial Corporation | Reportable Legal Entities
CONSOLIDATED STATEMENTS OF INCOME
Interest expense on borrowings	(2,358)	(2,348)	(1,611)
Dividends received from C&F Bank	12,500	12,500	8,746
Equity in undistributed net income of C&F Bank	19,292	18,653	15,373
Other income	(3,230)	2,207	2,041
Other expenses	2,955	(2,345)	(2,432)
Net income	29,159	28,667	22,117
Other comprehensive income (loss), net of tax	(34,871)	(132)	294
Comprehensive (loss) income	$ (5,712)	$ 28,535	$ 22,411

Holding Company Condensed Fin_5

Holding Company Condensed Financial Information - Condensed Cash Flow Statement (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statements of Cash Flows
Net cash provided by operating activities	$ 90,559	$ 157,387	$ (80,374)
Investing activities:
Acquisition of Peoples Bankshares, Incorporated			19,101
Swap collateral, net	3,880	6,040	(7,400)
Net cash used in investing activities	(411,279)	(138,693)	(183,286)
Financing activities:
Proceeds from borrowings			19,924
Common stock repurchases	(5,373)	(8,232)	(1,061)
Cash dividends	(5,756)	(5,675)	(5,546)
Other financing activities, net	(338)	(711)	(176)
Net cash provided by financing activities	79,636	162,382	184,896
Net (decrease) increase in cash and cash equivalents	(241,084)	181,076	(78,764)
C&F Financial Corporation | Reportable Legal Entities
Statements of Cash Flows
Net cash provided by operating activities	9,750	12,001	8,141
Investing activities:
Acquisition of Peoples Bankshares, Incorporated			(10,084)
Swap collateral, net	2,705	1,030	(1,710)
Net cash used in investing activities	2,705	1,030	(11,794)
Financing activities:
Proceeds from borrowings			19,924
Common stock repurchases	(5,373)	(8,232)	(1,061)
Cash dividends	(5,756)	(5,675)	(5,546)
Other financing activities, net	184	188	144
Net cash provided by financing activities	(10,945)	(13,719)	13,461
Net (decrease) increase in cash and cash equivalents	1,510	(688)	9,808
Cash at beginning of year	20,584	21,272	11,464
Cash at end of year	$ 22,094	$ 20,584	$ 21,272

Other Noninterest Expenses (Det

Other Noninterest Expenses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Other Noninterest Expenses
Data processing fees	$ 10,514,000	$ 11,088,000	$ 10,916,000
Professional fees	2,767,000	3,066,000	3,046,000
Marketing and advertising expenses	1,805,000	1,523,000	1,663,000
Mortgage banking loan processing expenses	1,682,000	3,128,000	3,235,000
Travel and educational expenses	1,393,000	959,000	1,153,000
Telecommunication expenses	1,368,000	1,517,000	1,455,000
All other noninterest expenses	5,850,000	7,154,000	7,867,000
Total other noninterest expenses	25,379,000	28,435,000	29,335,000
Merger related expenses	$ 0	$ 0	898,000
Merger related data processing fees			501,000
Merger related professional fees			336,000
Merger related other noninterest expenses			$ 61,000