C&F Financial (CFFI) 10-Q7 Nov 232023 Q3 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
Document And Entity Information - shares	Sep. 30, 2023	Nov. 03, 2023
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
Document Transition Report	false
Entity File Number	000-23423
Entity Registrant Name	C & F FINANCIAL CORPORATION
Entity Incorporation, State or Country Code	VA
Entity Address, Address Line One	3600 La Grange Parkway
Entity Tax Identification Number	54-1680165
Entity Address, City or Town	Toano
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23168
City Area Code	804
Local Phone Number	843-2360
Title of 12(b) Security	Common Stock, $1.00 par value per share
Trading Symbol	CFFI
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		3,368,463
Entity Central Index Key	0000913341
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Assets
Cash and due from banks	$ 17,105	$ 19,610
Interest-bearing deposits in other banks	53,407	7,051
Total cash and cash equivalents	70,512	26,661
Securities-available for sale at fair value, amortized cost of $510,597 and $557,128, respectively	460,653	512,591
Loans held for sale, at fair value	25,469	14,259
Loans, net of allowance for credit losses of $40,248 and $40,518, respectively	1,677,481	1,595,200
Restricted stock, at cost	4,801	1,120
Corporate premises and equipment, net	42,354	43,849
Accrued interest receivable	10,039	8,982
Goodwill	25,191	25,191
Other intangible assets, net	1,475	1,679
Bank-owned life insurance	21,248	20,909
Net deferred tax asset	23,434	22,014
Other assets	59,048	59,862
Total assets	2,421,705	2,332,317
Deposits
Noninterest-bearing demand deposits	574,102	605,210
Savings and interest-bearing demand deposits	857,038	1,017,356
Time deposits	597,289	381,294
Total deposits	2,028,429	2,003,860
Short-term borrowings	95,660	36,592
Long-term borrowings	25,975	30,106
Trust preferred capital notes	25,413	25,386
Accrued interest payable	3,188	950
Other liabilities	42,660	39,190
Total liabilities	2,221,325	2,136,084
Commitments and contingent liabilities (Note 11)
Equity
Common stock ($1.00 par value, 8,000,000 shares authorized, 3,379,619 and 3,476,614 shares issued and outstanding, respectively, includes 130,629 and 145,677 of unvested shares, respectively)	3,249	3,331
Additional paid-in capital	7,419	12,047
Retained earnings	230,168	217,214
Accumulated other comprehensive loss, net	(41,074)	(36,958)
Equity attributable to C&F Financial Corporation	199,762	195,634
Noncontrolling interest	618	599
Total equity	200,380	196,233
Total liabilities and equity	$ 2,421,705	$ 2,332,317

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
CONSOLIDATED BALANCE SHEETS (Unaudited)
Available-for-sale securities, amortized cost	$ 510,597	$ 557,128
Allowance for credit losses	$ 40,248	$ 40,518
Common stock par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	8,000,000	8,000,000
Common stock, shares issued	3,379,619	3,476,614
Common stock, shares outstanding	3,379,619	3,476,614
Common stock, unvested shares	130,629	145,677

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Interest income
Interest and fees on loans	$ 28,369	$ 23,159	$ 81,845	$ 65,566
Interest on interest-bearing deposits and federal funds sold	379	521	836	1,021
Interest and dividends on securities
U.S. treasury, government agencies and corporations	795	961	2,785	1,800
Mortgage-backed securities	902	854	2,782	2,300
Tax-exempt obligations of states and political subdivisions	731	409	2,031	1,096
Taxable obligations of states and political subdivisions	178	188	545	475
Corporate and other	332	234	905	691
Total interest income	31,686	26,326	91,729	72,949
Interest expense
Savings and interest-bearing deposits	1,316	557	3,790	1,415
Time deposits	4,316	722	9,447	2,070
Borrowings	1,291	373	3,837	1,110
Trust preferred capital notes	301	294	890	867
Total interest expense	7,224	1,946	17,964	5,462
Net interest income	24,462	24,380	73,765	67,487
Provision for credit losses	2,050	1,200	5,800	1,402
Net interest income after provision for credit losses	22,412	23,180	67,965	66,085
Noninterest income
Gains on sales of loans	1,220	1,870	4,930	6,763
Interchange income	1,558	1,513	4,658	4,502
Service charges on deposit accounts	1,122	1,099	3,241	3,216
Investment income in other equity interests	211	64	480	294
Mortgage banking fee income	558	731	1,695	2,508
Wealth management services income, net	630	613	1,855	1,885
Mortgage lender services income	537	397	1,567	1,259
Other service charges and fees	364	403	1,134	1,179
Net losses on sales, maturities and calls of available for sale securities			(5)
Other income (loss), net	(180)	(561)	1,671	(3,085)
Total noninterest income	6,020	6,129	21,226	18,521
Noninterest expenses
Salaries and employee benefits	12,921	12,202	40,841	34,700
Occupancy	1,944	2,182	5,975	6,507
Other	6,467	6,705	19,408	19,192
Total noninterest expenses	21,332	21,089	66,224	60,399
Income before income taxes	7,100	8,220	22,967	24,207
Income tax expense	1,323	1,675	4,309	5,144
Net income	5,777	6,545	18,658	19,063
Less net (loss) income attributable to noncontrolling interest	(12)	65	122	212
Net income attributable to C&F Financial Corporation	$ 5,789	$ 6,480	$ 18,536	$ 18,851
Net income per share - basic (in dollars per share)	$ 1.71	$ 1.85	$ 5.41	$ 5.34
Net income per share - diluted (in dollars per share)	$ 1.71	$ 1.85	$ 5.41	$ 5.34

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)
Net income	$ 5,777	$ 6,545	$ 18,658	$ 19,063
Other comprehensive income (loss), net of tax:
Securities available for sale	(5,821)	(15,443)	(4,272)	(40,213)
Defined benefit plan	20	(5)	61	(17)
Cash flow hedges	133	653	95	1,997
Other comprehensive loss, net of tax	(5,668)	(14,795)	(4,116)	(38,233)
Comprehensive income (loss)	109	(8,250)	14,542	(19,170)
Less comprehensive (loss) income attributable to noncontrolling interest	(12)	65	122	212
Comprehensive income (loss) attributable to C&F Financial Corporation	$ 121	$ (8,315)	$ 14,420	$ (19,382)

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings Adjustment	Retained Earnings	Accumulated Other Comprehensive Loss, Net	Noncontrolling Interest	Adjustment	Total
Balance, beginning of the period at Dec. 31, 2021	$ 3,405	$ 15,189		$ 193,811	$ (2,087)	$ 706		$ 211,024
Comprehensive income (loss):
Net income				18,851		212		19,063
Other comprehensive income loss					(38,233)			(38,233)
Share-based compensation		1,532						1,532
Restricted stock vested	16	(16)
Common stock issued	3	134						137
Common stock purchased	(71)	(3,468)						(3,539)
Cash dividends declared				(4,299)				(4,299)
Distributions to noncontrolling interest						(245)		(245)
Balance, end of period at Sep. 30, 2022	3,353	13,371		208,363	(40,320)	673		185,440
Balance, beginning of the period at Jun. 30, 2022	3,385	14,464		203,351	(25,525)	608		196,283
Comprehensive income (loss):
Net income				6,480		65		6,545
Other comprehensive income loss					(14,795)			(14,795)
Share-based compensation		524						524
Restricted stock vested	2	(2)
Common stock issued	1	46						47
Common stock purchased	(35)	(1,661)						(1,696)
Cash dividends declared				(1,468)				(1,468)
Balance, end of period at Sep. 30, 2022	3,353	13,371		208,363	(40,320)	673		185,440
Balance, beginning of the period at Dec. 31, 2022	3,331	12,047	$ (1,072)	217,214	(36,958)	599	$ (1,072)	196,233
Comprehensive income (loss):
Net income				18,536		122		18,658
Other comprehensive income loss					(4,116)			(4,116)
Share-based compensation		1,508						1,508
Restricted stock vested	30	(30)
Common stock issued	3	142						145
Common stock purchased	(115)	(6,248)						(6,363)
Cash dividends declared				(4,510)				(4,510)
Distributions to noncontrolling interest						(103)		(103)
Balance, end of period at Sep. 30, 2023	3,249	7,419		230,168	(41,074)	618		200,380
Balance, beginning of the period at Jun. 30, 2023	3,269	8,168		225,867	(35,406)	630		202,528
Comprehensive income (loss):
Net income				5,789		(12)		5,777
Other comprehensive income loss					(5,668)			(5,668)
Share-based compensation		581						581
Restricted stock vested	4	(4)
Common stock issued	2	47						49
Common stock purchased	(26)	(1,373)						(1,399)
Cash dividends declared				(1,488)				(1,488)
Balance, end of period at Sep. 30, 2023	$ 3,249	$ 7,419		$ 230,168	$ (41,074)	$ 618		$ 200,380

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
CONSOLIDATED STATEMENTS OF EQUITY (Unaudited)
Cash dividends declared (in dollars per share)	$ 0.44	$ 0.42	$ 1.32	$ 1.22

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Operating activities:
Net income	$ 18,658	$ 19,063
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	5,800	1,402
Accretion of certain acquisition-related discounts, net	(632)	(1,190)
Share-based compensation	1,508	1,532
Depreciation and amortization	2,919	3,305
Amortization of premiums and accretion of discounts on securities, net	1,041	1,960
(Reversal of) provision for indemnifications	(435)	(858)
Income from bank-owned life insurance	(299)	(295)
Pension expense	692	480
Proceeds from sales of loans held for sale	394,106	644,514
Origination of loans held for sale	(400,559)	(587,245)
Gains on sales of loans held for sale	(4,930)	(6,763)
Other gains, net	184	(13)
Change in other assets and liabilities:
Accrued interest receivable	(1,057)	(1,036)
Other assets	1,713	(2,555)
Accrued interest payable	2,238	(244)
Other liabilities	890	(3,032)
Net cash provided by operating activities	21,837	69,025
Investing activities:
Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities	75,560	43,681
Purchases of securities available for sale	(30,075)	(223,034)
Purchases of time deposits, net	(253)	494
Repayments on loans held for investment by non-bank affiliates	121,257	136,624
Purchases of loans held for investment by non-bank affiliates	(124,340)	(234,828)
Net increase in community banking loans held for investment	(84,113)	(61,516)
Purchases of corporate premises and equipment	(1,019)	(2,360)
Proceeds from sales of other real estate owned		915
Changes in collateral posted with other financial institutions, net		3,880
Other investing activities, net	(3,675)	(1,061)
Net cash used in investing activities	(46,658)	(337,205)
Financing activities:
Net (decrease) increase in demand and savings deposits	(191,426)	143,467
Net increase (decrease) in time deposits	215,995	(38,384)
Net increase in short-term borrowings	59,068	2,898
Repayments of long-term borrowings	(4,000)
Repurchases of common stock	(6,363)	(3,539)
Cash dividends paid	(4,510)	(4,299)
Other financing activities, net	(92)	(260)
Net cash provided by financing activities	68,672	99,883
Net increase (decrease) in cash and cash equivalents	43,851	(168,297)
Cash and cash equivalents at beginning of period	26,661	267,745
Cash and cash equivalents at end of period	70,512	99,448
Supplemental cash flow disclosures:
Interest paid	15,707	5,738
Income taxes paid	3,545	6,623
Supplemental disclosure of noncash investing and financing activities:
Transfers from corporate premises and equipment to other real estate owned		423
Adoption of new accounting standard (Note 1)	1,072
Liabilities assumed to acquire right of use assets under operating leases	$ 181	888
Transfers from loans held for sale to loans held for investment		$ 2,971

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
Summary of Significant Accounting Policies	Sep. 30, 2023
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	NOTE 1: Summary of Significant Accounting Policies Principles of Consolidation: The unaudited consolidated financial statements include the accounts of C&F Financial Corporation (the Corporation), its direct wholly-owned subsidiary, Citizens and Farmers Bank (the Bank or C&F Bank) and indirect subsidiaries that are wholly-owned or controlled. Subsidiaries that are less than wholly owned are fully consolidated if they are controlled by the Corporation or one of its subsidiaries, and the portion of any subsidiary not owned by the Corporation is reported as noncontrolling interest. All significant intercompany accounts and transactions have been eliminated in consolidation. In addition, the Corporation owns all of the common stock of C&F Financial Statutory Trust I, C&F Financial Statutory Trust II and Central Virginia Bankshares Statutory Trust I, all of which are unconsolidated subsidiaries. The subordinated debt owed to these trusts is reported as liabilities of the Corporation. 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. (C&F Insurance) and CVB Title Services, Inc. (CVB Title), 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 and CVB Title were organized for the primary purpose of owning equity interests in an independent insurance agency and a full service title and settlement agency, respectively. Business segment data is presented in Note 10. Basis of Presentation: Reclassification: Derivative Financial Instruments: other asset other liability Recently Adopted Accounting Standard: 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” ASC 326 introduced an approach based on current expected credit losses (CECL) to estimate credit losses on certain types of financial instruments, replacing the incurred loss methodology from prior GAAP. It also applies to unfunded commitments to extend credit, including loan commitments, standby letters of credit, and other similar instruments. It modified the impairment model for available-for-sale debt securities and provided for a simplified accounting model for purchased financial assets with credit deterioration since their origination. It also modified the measurement principles for modifications of loans to borrowers experiencing financial difficulty, including how the allowance for credit losses (ACL) is measured for such loans. The amendments of ASC 326, upon adoption, were applied on a modified retrospective basis, recording an increase in the reported balance of loans and the allowance for credit losses on loans, recognizing a liability for credit losses on commitments to extend credit, and reducing total equity of both the Corporation and of C&F Bank, which resulted in a reduction of regulatory capital of C&F Bank. As a result of adopting ASC 326, the Corporation recorded a decrease to opening retained earnings of $1.1 million. ASC 326 also replaced the Corporation’s previous accounting policies for purchased credit-impaired (PCI) loans and troubled-debt restructurings (TDRs). With the adoption of ASC 326, loans previously designated as PCI loans were designated as purchased loans with credit deterioration (PCD loans). The Corporation adopted ASC 326 using the prospective transition approach for PCD loans that were previously identified as PCI and accounted for under ASC 310-30. On January 1, 2023, the Corporation’s PCD loans were adjusted to reflect the addition of $604,000 of expected credit losses to the amortized cost basis of the loans and a corresponding increase to the ACL. The remaining noncredit discount, the difference between the adjusted amortized cost basis and the outstanding principal balance on PCD loans, will be accreted into interest income over the estimated remaining lives of the loans using the effective interest rate method. The evaluation of the ACL will include PCD loans together with other loans that share similar risk characteristics, rather than using the separate pools that were used under PCI accounting. The adoption of ASC 326 also replaced previous TDR accounting guidance, and the evaluation of the ACL will include loans previously designated as TDRs together with other loans that share similar risk characteristics. The adoption of ASC 326 did not affect the carrying value of debt securities or the amount of unrealized gains and losses recorded in accumulated other comprehensive loss. Upon adoption of ASC 326, the Corporation did not have any securities included in its portfolio where other-than-temporary-impairments had previously been recognized or that required an ACL. The following table illustrates the impact of adopting ASC 326. December 31, 2022 January 1, 2023 January 1, 2023 As Previously As Reported Reported Impact of Under (Dollars in thousands) (Incurred Loss) ASC 326 ASC 326 Assets: Loans, gross $ 1,635,718 $ 604 $ 1,636,322 Allowance for credit losses: Commercial 11,219 (22) 11,197 Consumer 3,330 107 3,437 Consumer finance 25,969 406 26,375 Allowance for credit losses 40,518 491 41,009 Loans, net 1,595,200 113 1,595,313 Net deferred tax asset 22,014 316 22,330 Liabilities: Reserve for credit losses on unfunded commitments — 1,501 1,501 Total equity: $ 196,233 $ (1,072) $ 195,161 The following accounting policies have been updated in connection with the adoption of ASC 326 and apply to periods beginning after December 31, 2022. Accounting policies applying to prior periods are described in the 2022 Annual Report, as discussed above. Securities: Impairment of debt securities occurs when the fair value of a security is less than its amortized cost. The Corporation has elected to exclude accrued interest receivable from the amortized cost basis. For debt securities available for sale, impairment is 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 evaluates unrealized losses to determine whether a decline in fair value below amortized cost basis is a result of 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, or other factors such as changes in market interest rates. If a credit loss exists, an allowance for credit losses is recorded that reflects the amount of the impairment related to credit losses, limited by the amount by which the security’s amortized cost basis exceeds its fair value. Changes in the allowance for credit losses are recorded in net income in the period of change and are included in provision for credit losses. Changes in the fair value of debt securities available for sale not resulting from credit losses are recorded in other comprehensive income (loss). The Corporation regularly reviews unrealized losses in its investments in securities and cash flows expected to be collected from impaired securities based on criteria including the extent to which market value is below amortized cost, the financial health of and specific prospects for the issuer, 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 Investment: Loans acquired in a business combination are recorded at estimated fair value on the date of acquisition. In the case of loans that have experienced more than insignificant deterioration in credit quality since origination as of the acquisition date, the loan’s amortized cost basis is increased above estimated fair value by the amount of expected credit losses as of the acquisition date, and a corresponding allowance for credit losses is also recorded. Any remaining non-credit discount or premium for such purchased loans with credit deterioration (or PCD loans) and any fair value discount or premium for non-PCD loans is accreted or amortized as an adjustment to yield over the estimated lives of the loans using the level-yield method. There is no allowance for credit losses established at the acquisition date for non-PCD 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. Any accrued interest receivable on loans placed on nonaccrual status is reversed by an adjustment to interest income. 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. 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. Allowance for Credit Losses on Loans: The allowance represents management’s current estimate of expected credit losses over the contractual term of loans held for investment, and is recorded at an amount that, in management’s judgment, reduces the recorded investment in loans to the net amount expected to be collected. No allowance for credit loss is recorded on accrued interest receivable and amounts written-off are reversed by an adjustment to interest income. Management’s judgment in determining the level of the allowance is based on evaluations of historical loan losses, current conditions and reasonable and supportable forecasts relevant to the collectability of loans. Loans that share common risk characteristics are evaluated collectively using a discounted cash flow approach for all loans except for overdraft balances, which are evaluated using a loss rate approach. The discounted cash flow approach used by the Corporation utilizes loan-level cash flow projections and pool-level assumptions. For commercial (except for loans to states and political subdivisions) and consumer loans, cash flow projections and estimated expected losses are based in part on twelve-month forecasts of the national unemployment rate that are reasonable and supportable and external observations of historical loan losses. Forecasts of the national unemployment rate are derived from the Federal Open Markets Committee of the Federal Reserve Board and incorporated into the estimate of expected credit losses using a statistical regression analysis. For periods beyond those for which reasonable and supportable forecasts are available, projections are based on a reversion of the national unemployment rate from the last forecast to a historical average level over the following six months. Cash flow projections and estimated expected losses for loans to states and political subdivisions are based on external loss observations for state and municipal debt obligations. For consumer finance loans, cash flow projections and estimated expected losses reflect historical average loss experience based on internal observations for auto loans and based on external loss observations for marine and recreational vehicle loans. Management’s estimate of the allowance for credit losses on loans that are collectively evaluated also includes a qualitative assessment of available information relevant to assessing collectability that is not captured in the loss estimation process. Factors considered by management include changes and expected changes in general market, economic and business conditions; the nature and volume of the loan portfolio; the volume and severity of delinquencies and adversely classified loan balances and the value of underlying collateral. 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 that are inherent in the loan portfolio: ● Commercial loans are comprised of mortgage loans on commercial real estate, real estate acquisition, development and constructions loans, and other business lending, and carry risks associated with the successful operation of a business or a real estate project and changes in the value of collateral. In addition to other risks associated with the ownership of real estate, the repayment of these loans may be dependent upon the profitability and cash flows of the business or project. Construction loans, which include loans to individuals for the construction of a residence that generally will be occupied by the borrower, 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. 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 loans are comprised primarily of residential mortgage loans and home equity lines secured by residential real estate and carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral. ● Consumer finance loans are comprised of indirect financing for purchases of automobiles and marine and recreational vehicles (RVs) and carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral, which are typically rapidly-depreciating vehicles. Consumer finance loans are more likely than real estate loans to be immediately adversely affected by job loss, divorce, illness or personal bankruptcy. Loans that do not share common risk characteristics with other loans are evaluated individually and are not included in the collective analysis. The allowance for credit losses on loans that are individually evaluated may be estimated based on their expected cash flows, or, in the case of loans for which repayment is expected substantially through the operation or sale of collateral when the borrower is experiencing financial difficulty, may be measured based on the fair value of the collateral less estimated costs to sell. Reserve for Unfunded Commitments: Recent Significant Accounting Pronouncements: under Topic 848 in the case of modifications to certain loans, borrowings and cash flow hedges during 2022 and 2023. 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

Securities	9 Months Ended
Securities	Sep. 30, 2023
Securities
Securities	NOTE 2: Securities On January 1, 2023, the Corporation adopted ASC 326, which made changes to accounting for available for sale debt securities whereby credit losses should be presented as an allowance, rather than as a write-down when management does not intend to sell and does not believe that it is more likely than not they will be required to sell prior to maturity. In addition, ASC 326 requires financial assets measured at amortized cost to measure an expected credit loss under the CECL methodology that requires consideration of a broader range of reasonable and supportable information to inform credit loss estimates. All securities information presented as of September 30, 2023 is in accordance with ASC 326. All securities information presented as of December 31, 2022 or a prior date is presented in accordance with previously applicable GAAP. For further discussion on the Corporation’s accounting policies and policy elections related to the accounting standard update refer to Note 1. The Corporation’s debt securities, all of which are classified as available for sale, are summarized as follows: September 30, 2023 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. Treasury securities $ 52,785 $ — $ (1,391) $ 51,394 U.S. government agencies and corporations 106,455 — (12,405) 94,050 Mortgage-backed securities 183,552 2 (23,239) 160,315 Obligations of states and political subdivisions 142,593 97 (8,525) 134,165 Corporate and other debt securities 25,212 — (4,483) 20,729 $ 510,597 $ 99 $ (50,043) $ 460,653 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 The amortized cost and estimated fair value of securities at September 30, 2023, by the earlier of contractual maturity or expected maturity, are shown below. The Corporation has elected to exclude accrued interest receivable, totaling $2.82 million at September 30, 2023, from the amortized cost basis of securities. Expected maturities will differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties. September 30, 2023 Amortized (Dollars in thousands) Cost Fair Value Due in one year or less $ 122,708 $ 117,683 Due after one year through five years 180,708 161,000 Due after five years through ten years 123,319 105,599 Due after ten years 83,862 76,371 $ 510,597 $ 460,653 The following table presents the gross realized gains and losses on and the proceeds from the sales, maturities and calls of securities. During the three and nine months ended September 30, 2023 and 2022 there were no sales of securities. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Realized gains from sales, maturities and calls of securities: Gross realized gains $ — $ — $ — $ — Gross realized losses — — (5) — Net realized losses $ — $ — $ (5) $ — Proceeds from sales, maturities, calls and paydowns of securities $ 30,719 $ 12,700 $ 75,560 $ 43,681 The Corporation pledges securities primarily to secure public deposits, repurchase agreements and lines of credit that provide liquidity to the Corporation and C&F Bank. Securities with an aggregate amortized cost of $215.22 million and an aggregate fair value of $190.51 million were pledged at September 30, 2023. 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 in an unrealized loss position at September 30, 2023, 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 $ — — $ 51,394 $ 1,391 $ 51,394 $ 1,391 U.S. government agencies and corporations — — 94,050 12,405 94,050 12,405 Mortgage-backed securities 10,704 697 149,535 22,542 160,239 23,239 Obligations of states and political subdivisions 44,075 1,657 71,081 6,868 115,156 8,525 Corporate and other debt securities 3,260 489 17,469 3,994 20,729 4,483 Total temporarily impaired securities $ 58,039 $ 2,843 $ 383,529 $ 47,200 $ 441,568 $ 50,043 There were 615 debt securities with a fair value below the amortized cost basis, totaling $441.57 million of aggregate fair value as of September 30, 2023. The Corporation concluded that a credit loss does not exist in its securities portfolio at September 30, 2023, and no impairment loss has been recognized based on the fact that (1) changes in fair value were caused primarily by fluctuations in interest rates, (2) securities with unrealized losses had generally high credit quality, (3) 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 (4) 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, 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 The Corporation’s investment in restricted stock totaled $4.80 million at September 30, 2023 and $1.12 million at December 31, 2022 and consisted of Federal Home Loan Bank of Atlanta (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 impaired at September 30, 2023 and no impairment has been recognized.

Loans

Loans	9 Months Ended
Loans	Sep. 30, 2023
Loans
Loans	NOTE 3: Loans On January 1, 2023, the Corporation adopted ASC 326. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost, including loan receivables. For further discussion on the Corporation’s accounting policies and policy elections related to the accounting standard update see Note 1. All loan information presented as of September 30, 2023 is in accordance with ASC 326. All loan information presented as of December 31, 2022 or a prior date is presented in accordance with previously applicable GAAP. The Corporation’s loans are stated at their face amount, net of deferred fees and costs and discounts, and consist of the classes of loans included in the table below. The Corporation has elected to exclude accrued interest receivable, totaling $7.19 million at September 30, 2023, from the recorded balance of loans. September 30, December 31, (Dollars in thousands) 2023 2022 Commercial real estate $ 645,467 $ 592,301 Commercial business 118,641 118,605 Construction - commercial real estate 62,994 49,136 Land acquisition and development 28,400 37,537 Builder lines 30,787 34,538 Construction - consumer real estate 12,046 10,539 Residential mortgage 290,325 266,267 Equity lines 48,027 43,300 Other consumer 9,867 8,938 Consumer finance - automobiles 403,154 411,112 Consumer finance - marine and recreational vehicles 68,021 63,445 Subtotal 1,717,729 1,635,718 Less allowance for credit losses (40,248) (40,518) Loans, net $ 1,677,481 $ 1,595,200 Other consumer loans included $207,000 and $284,000 of demand deposit overdrafts at September 30, 2023 and December 31, 2022, respectively. The following table shows the aging of the Corporation’s loan portfolio, by class, at September 30, 2023: 30-59 60-89 90+ 90+ Days Days Days Days Total Past Due and (Dollars in thousands) Past Due Past Due Past Due Past Due Current 1 Total Loans Accruing Commercial real estate $ 614 $ — $ 424 $ 1,038 $ 644,429 $ 645,467 $ 160 Commercial business 52 30 — 82 118,559 118,641 — Construction - commercial real estate — — — — 62,994 62,994 — Land acquisition and development — — — — 28,400 28,400 — Builder lines — — — — 30,787 30,787 — Construction - consumer real estate 282 — — 282 11,764 12,046 — Residential mortgage 633 71 280 984 289,341 290,325 280 Equity lines 268 9 51 328 47,699 48,027 — Other consumer — — — — 9,867 9,867 — Consumer finance - automobiles 12,233 2,121 831 15,185 387,969 403,154 — Consumer finance - marine and recreational vehicles 301 — 80 381 67,640 68,021 — Total $ 14,383 $ 2,231 $ 1,666 $ 18,280 $ 1,699,449 $ 1,717,729 $ 440 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 $141,000, 60-89 days past due of $9,000 and 90+ days past due of $1.23 million. The following table shows the Corporation’s recorded balance of loans on nonaccrual status as of September 30, 2023 and December 31, 2022. The Corporation recognized no interest income on loans on nonaccrual status as of September 30, 2023 and had no reversals and $14,000 of reversals of interest income upon placing loans on nonaccrual status during the three and nine months ended September 30, 2023, respectively. All nonaccrual loans at September 30, 2023 had an allowance for credit losses. September 30, December 31, (Dollars in thousands) 2023 2022 Commercial real estate $ 264 $ — Residential mortgage 141 156 Equity lines 60 108 Consumer finance - automobiles 831 842 Consumer finance - marine and recreational vehicles 80 83 Total $ 1,376 $ 1,189 Occasionally, the Corporation modifies loans to borrowers experiencing financial difficulties by providing principal forgiveness, term extensions, interest rate reductions or other-than-insignificant payment delays. As the effect of most modifications is already included in the allowance for credit losses due to the measurement methodologies used in its estimate, the allowance for credit losses is typically not adjusted upon modification. When principal forgiveness is provided at modification, the amount forgiven is charged against the allowance for credit losses. In some cases, the Corporation may provide multiple types of modifications on one loan and when multiple types of modifications occur within the same period, the combination of modifications is separately reported. The following table presents the amortized cost basis of loans as of September 30, 2023 that were both experiencing financial difficulty and modified during the three and nine months ended September 30, 2023. Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 % of Total % of Total Class of Class of Amortized Financing Amortized Financing (Dollars in thousands) Cost Receivable Cost Receivable Term Extension Commercial real estate $ 969 0.2 % $ 969 0.2 % Residential mortgage 71 0.0 71 0.0 Total Term Extension $ 1,040 $ 1,040 Combination Term Extension and Interest Rate Reduction Commercial real estate — — 45 0.0 Total Combination Term Extension and Interest Rate Reduction $ — $ 45 Total $ 1,040 0.1 % $ 1,085 0.1 % The following table presents the financial effects of the loan modifications presented above to borrowers experiencing financial difficulty for the three and nine months ended September 30, 2023. Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Weighted- Weighted- Weighted- Weighted- Average Average Average Average Interest Rate Term Extension Interest Rate Term Extension (Dollars in thousands) Reduction (in years) Reduction (in years) Commercial real estate — % 2.0 0.75 % 2.1 Residential mortgage — 10.0 — 10.0 Total — % 2.5 0.75 % 2.6 The Corporation closely monitors the performance of modified loans to understand the effectiveness of its modification efforts. Upon the determination that all or a portion of a modified loan is uncollectible, that amount is charged against the allowance for credit losses. There were no payment defaults during the three and nine months ended September 30, 2023 of modified loans that were modified during the previous twelve months and all were current as of September 30, 2023. Prior to the adoption of ASC 326 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 of loans acquired in business combinations were as follows: December 31, 2022 Acquired Loans - Acquired Loans - Purchased Purchased Acquired Loans - (Dollars in thousands) Credit Impaired Performing Total Outstanding principal balance $ 4,522 $ 38,157 $ 42,679 Carrying amount Real estate – residential mortgage $ 300 $ 8,587 $ 8,887 Real estate – construction — — — Commercial, financial and agricultural 1 1,114 23,023 24,137 Equity lines 15 5,047 5,062 Consumer 26 755 781 Total acquired loans $ 1,455 $ 37,412 $ 38,867 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: Nine Months Ended (Dollars in thousands) September 30, 2022 Accretable yield, balance at beginning of period $ 3,111 Accretion (1,270) Reclassification of nonaccretable difference due to improvement in expected cash flows 1,603 Other changes, net 178 Accretable yield, balance at end of period $ 3,622 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 Residential mortgage $ 1,649 $ 452 $ 20 $ 2,121 $ 300 $ 263,846 $ 266,267 $ — Real estate – construction: Construction - commercial real estate — — — — — 49,136 49,136 — Construction - consumer real estate — — — — — 10,539 10,539 — Commercial, financial and agricultural: Commercial real estate — — — — 1,114 591,187 592,301 — Land acquisition and development — — — — — 37,537 37,537 — Builder lines — — — — — 34,538 34,538 — Commercial business — 1 — 1 — 118,604 118,605 — Equity lines — 39 — 39 15 43,246 43,300 — Other 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 The table above includes nonaccrual loans that are current of $244,000 and 90+ days past due of $945,000. There were no loan modifications during the three and nine months ended September 30, 2022 that were classified as TDRs. There were no TDR payment defaults during the three and nine months ended September 30, 2022. 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

Allowance for Credit Losses

Allowance for Credit Losses	9 Months Ended
Allowance for Credit Losses	Sep. 30, 2023
Allowance for Credit Losses
Allowance for Credit Losses	NOTE 4: Allowance for Credit Losses On January 1, 2023, the Corporation adopted ASC 326. The measurement of expected credit losses under the CECL methodology is applicable to financial assets measured at amortized cost. For further discussion on the Corporation’s accounting policies and policy elections related to the accounting standard update see Note 1. All allowance for credit loss information presented as of September 30, 2023 is in accordance with ASC 326. All allowance for credit loss information presented as of December 31, 2022 or a prior date is presented in accordance with previously applicable GAAP. The following table shows the allowance for credit losses activity by loan portfolio for the nine months ended September 30, 2023: Consumer (Dollars in thousands) Commercial Consumer Finance Total Allowance for credit losses: Balance at December 31, 2022 $ 11,219 $ 3,330 $ 25,969 $ 40,518 Impact of ASC 326 adoption on non-PCD loans (617) 98 406 (113) Impact of ASC 326 adoption on PCD loans 595 9 — 604 Provision charged to operations 839 362 4,250 5,451 Loans charged off (16) (240) (9,306) (9,562) Recoveries of loans previously charged off 144 136 3,070 3,350 Balance at September 30, 2023 $ 12,164 $ 3,695 $ 24,389 $ 40,248 The following table presents a breakdown of the provision for credit losses for the periods indicated. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Provision for credit losses: Provision for loans $ 2,100 $ 1,200 $ 5,451 $ 1,402 Provision for unfunded commitments (50) — 349 — Total $ 2,050 $ 1,200 $ 5,800 $ 1,402 Commercial and consumer loans are assigned loan classification ratings based on their credit quality and risk of loss. These loan ratings are reviewed on a quarterly basis and updated as new information becomes available. 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. The table below details the recorded balance of the classes of loans within the commercial and consumer loan portfolios by loan rating and year of origination as of September 30, 2023: Revolving Revolving Term Loans Recorded Balance by Origination Year Loans Loans Recorded Converted (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Balance to Term Total Commercial real estate: Loan Rating Pass $ 64,729 $ 124,701 $ 155,982 $ 107,937 $ 38,611 $ 146,396 $ — $ 119 $ 638,475 Special Mention — — 5,763 — — 965 — — 6,728 Substandard Nonaccrual — — — — — 264 — — 264 Total $ 64,729 $ 124,701 $ 161,745 $ 107,937 $ 38,611 $ 147,625 $ — $ 119 $ 645,467 Commercial business: Loan Rating Pass $ 17,317 $ 19,330 $ 18,728 $ 14,045 $ 15,376 $ 14,196 $ 19,496 $ 88 $ 118,576 Special Mention 65 — — — — — — — 65 Total $ 17,382 $ 19,330 $ 18,728 $ 14,045 $ 15,376 $ 14,196 $ 19,496 $ 88 $ 118,641 Construction - commercial real estate: Loan Rating Pass $ 23,177 $ 30,632 $ 1,150 $ 8,035 $ — $ — $ — $ — $ 62,994 Total $ 23,177 $ 30,632 $ 1,150 $ 8,035 $ — $ — $ — $ — $ 62,994 Land acquisition and development: Loan Rating Pass $ 1,049 $ 6,062 $ 10,969 $ 9,992 $ — $ 328 $ — $ — $ 28,400 Total $ 1,049 $ 6,062 $ 10,969 $ 9,992 $ — $ 328 $ — $ — $ 28,400 Builder lines: Loan Rating Pass $ 16,390 $ 9,202 $ 4,585 $ — $ 404 $ — $ 206 $ — $ 30,787 Total $ 16,390 $ 9,202 $ 4,585 $ — $ 404 $ — $ 206 $ — $ 30,787 Construction - consumer real estate: Loan Rating Pass $ 5,543 $ 5,735 $ 768 $ — $ — $ — $ — $ — $ 12,046 Total $ 5,543 $ 5,735 $ 768 $ — $ — $ — $ — $ — $ 12,046 Residential mortgage: Loan Rating Pass $ 48,024 $ 93,630 $ 45,721 $ 42,276 $ 11,828 $ 48,123 $ — $ — $ 289,602 Special Mention — — 4 — — 96 — — 100 Substandard — — — 104 — 378 — — 482 Substandard Nonaccrual — — — — — 141 — — 141 Total $ 48,024 $ 93,630 $ 45,725 $ 42,380 $ 11,828 $ 48,738 $ — $ — $ 290,325 Equity lines: Loan Rating Pass $ — $ — $ 35 $ 70 $ — $ 878 $ 46,680 $ 299 $ 47,962 Substandard — — — — 5 — — — 5 Substandard Nonaccrual — — — — — 9 — 51 60 Total $ — $ — $ 35 $ 70 $ 5 $ 887 $ 46,680 $ 350 $ 48,027 Other consumer: Loan Rating Pass $ 4,856 $ 3,061 $ 717 $ 329 $ 227 $ 627 $ 50 $ — $ 9,867 Total $ 4,856 $ 3,061 $ 717 $ 329 $ 227 $ 627 $ 50 $ — $ 9,867 Total: Loan Rating Pass $ 181,085 $ 292,353 $ 238,655 $ 182,684 $ 66,446 $ 210,548 $ 66,432 $ 506 $ 1,238,709 Special Mention 65 — 5,767 — — 1,061 — — 6,893 Substandard — — — 104 5 378 — — 487 Substandard Nonaccrual — — — — — 414 — 51 465 Total $ 181,150 $ 292,353 $ 244,422 $ 182,788 $ 66,451 $ 212,401 $ 66,432 $ 557 $ 1,246,554 For consumer finance loans, the Corporation utilizes credit scores based on the methods developed and defined by the Fair Isaac Corporation (FICO) as a key indicator of the risk of loss to manage the portfolio and estimate the allowance for credit losses. A FICO Score is a three-digit number based on the information in an applicant’s credit reports. It helps lenders determine how likely an applicant is to repay a loan. This, in turn, affects the loan amount that may be approved, repayment terms, and interest rate. Consumer finance loans are assigned a credit rating based on borrowers’ credit scores at the time of origination and are categorized within ranges of credit ratings used internally that parallel FICO Score rating bands. The Corporation monitors the consumer finance loan portfolio by past due status (refer to Note 3) and by credit rating at the time of origination, which the Corporation believes serves as a relevant indicator of aggregate credit quality and risk of loan defaults in the portfolio based upon the use of FICO Scores over time for loan approval decisions and through experience analyzing loss patterns. The characteristics of these credit ratings are as follows: ● Very Good and Good credit rated borrowers are near or above the average FICO Score of consumers. Borrowers generally have limited to no prior credit difficulties or have shown extensive creditworthiness over a recent period of time. ● Fairly Good and Fair credit rated borrowers are approaching or slightly below the average FICO Score of consumers but typically have a credit profile acceptable to most lenders. Borrowers may have experienced minor credit difficulties or have a relatively limited credit history. ● Marginal credit rated borrowers are well below the average FICO Score of consumers. Borrowers may have limited access to traditional financing due to having experienced prior credit difficulties or have a limited credit history. The risk of future charge-offs is higher. The table below details the recorded balance of the classes of loans within the consumer finance loan portfolio by credit rating and year of origination as of September 30, 2023: Revolving Term Loans Recorded Balance by Origination Year Loans Revolving Converted (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans to Term Total Consumer finance - automobiles: Credit rating Very good $ 7,814 $ 13,655 $ 4,904 $ 1,170 $ 338 $ 34 $ — $ — $ 27,915 Good 26,830 46,654 17,211 3,913 1,391 456 — — 96,455 Fairly good 36,253 60,018 29,527 7,068 4,816 2,061 — — 139,743 Fair 24,257 40,299 24,503 7,973 5,854 2,676 — — 105,562 Marginal 5,538 9,690 8,647 3,733 3,410 2,461 — — 33,479 Total $ 100,692 $ 170,316 $ 84,792 $ 23,857 $ 15,809 $ 7,688 $ — $ — $ 403,154 Consumer finance - marine and recreational vehicles: Credit rating Very good $ 6,475 $ 15,774 $ 10,291 $ 10,386 $ 2,654 $ 2,556 $ — $ — $ 48,136 Good 6,942 8,280 1,712 1,461 425 466 — — 19,286 Fairly good 267 225 38 31 — 38 — — 599 Total $ 13,684 $ 24,279 $ 12,041 $ 11,878 $ 3,079 $ 3,060 $ — $ — $ 68,021 Total: Credit rating Very good $ 14,289 $ 29,429 $ 15,195 $ 11,556 $ 2,992 $ 2,590 $ — $ — $ 76,051 Good 33,772 54,934 18,923 5,374 1,816 922 — — 115,741 Fairly good 36,520 60,243 29,565 7,099 4,816 2,099 — — 140,342 Fair 24,257 40,299 24,503 7,973 5,854 2,676 — — 105,562 Marginal 5,538 9,690 8,647 3,733 3,410 2,461 — — 33,479 Total $ 114,376 $ 194,595 $ 96,833 $ 35,735 $ 18,888 $ 10,748 $ — $ — $ 471,175 The following table details the current period gross charge-offs of loans by year of origination for the nine months ended September 30, 2023: Revolving Current Period Gross Charge-offs by Origination Year Loans Revolving Converted (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans to Term Total Commercial business $ — $ 16 $ — $ — $ — $ — $ — $ — $ 16 Equity lines — — — — — 8 — — 8 Other consumer 1 199 25 — 3 2 3 — — 232 Consumer finance - automobiles 490 4,396 2,628 583 477 567 — — 9,141 Consumer finance - marine and recreational vehicles — 82 — 40 6 37 — — 165 Total $ 689 $ 4,519 $ 2,628 $ 626 $ 485 $ 615 $ — $ — $ 9,562 1 Gross charge-offs of other consumer loans for the nine months ended September 30, 2023 included $199,000 of demand deposit overdrafts that originated in 2023. Gross charge-offs increased for the nine months ended September 30, 2023 compared to the same period in 2022 due primarily to higher charge-offs within the consumer finance-automobile portfolio segment as a result of an increase in the number of delinquent loans following a period of historically low delinquencies during the COVID-19 pandemic, a decline in wholesale values of used automobiles from a recent peak during the COVID-19 pandemic and challenges in repossessing automobiles due to a decline in the number of repossession agencies, which results in a fully charged-off loan when the automobile cannot be repossessed. As of September 30, 2023, the Corporation had no collateral dependent loans for which repayment was expected to be derived substantially through the operation or sale of the collateral and where the borrower is experiencing financial difficulty. Prior to the adoption of ASC 326 The following table presents the changes in the allowance for loan losses by major classification during the nine months ended September 30, 2022: Real Estate Commercial, Residential Real Estate Financial & Equity Consumer (Dollars in thousands) Mortgage Construction Agricultural Lines Consumer Finance Total Allowance for loan losses: Balance at December 31, 2021 $ 2,660 $ 856 $ 11,085 $ 593 $ 172 $ 24,791 $ 40,157 Provision (credited) charged to operations (6) (62) (623) (60) 83 2,070 1,402 Loans charged off — — (11) — (193) (4,115) (4,319) Recoveries of loans previously charged off 16 — 13 2 93 3,516 3,640 Balance at September 30, 2022 $ 2,670 $ 794 $ 10,464 $ 535 $ 155 $ 26,262 $ 40,880 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 Loans by credit quality indicators as of December 31, 2022 were as follows: Special Substandard (Dollars in thousands) Pass Mention Substandard Nonaccrual Total 1 Residential mortgage $ 264,891 $ 518 $ 702 $ 156 $ 266,267 Real estate – construction: Construction - commercial real estate 49,136 — — — 49,136 Construction - consumer real estate 10,539 — — — 10,539 Commercial, financial and agricultural: Commercial real estate 585,707 738 5,856 — 592,301 Land acquisition and development 37,537 — — — 37,537 Builder lines 34,538 — — — 34,538 Commercial business 118,605 — — — 118,605 Equity lines 43,147 40 5 108 43,300 Other 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

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
Goodwill and Other Intangible Assets	Sep. 30, 2023
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	NOTE 5: Goodwill and Other Intangible Assets The carrying amount of goodwill was $25.19 million at September 30, 2023 and December 31, 2022. There were no changes in the recorded balance of goodwill during the three and nine months ended September 30, 2023 or 2022. The Corporation had $1.48 million and $1.68 million of other intangible assets as of September 30, 2023 and December 31, 2022, respectively. Other intangible assets were recognized in connection with the core deposits acquired from Peoples Bankshares, Incorporated in 2020 and customer relationships acquired by C&F Wealth Management in 2016. The following table summarizes the gross carrying amounts and accumulated amortization of other intangible assets: September 30, December 31, 2023 2022 Gross Gross Carrying Accumulated Carrying Accumulated (Dollars in thousands) Amount Amortization Amount Amortization Amortizable intangible assets: Core deposit intangibles $ 1,711 $ (557) $ 1,711 $ (464) Other amortizable intangibles 1,405 (1,084) 1,405 (973) Total $ 3,116 $ (1,641) $ 3,116 $ (1,437) Amortization expense was $68,000 and $75,000 for the three months ended September 30, 2023 and 2022, respectively, and $204,000 and $224,000 for the nine months ended September 30, 2023 and 2022, respectively.

Equity, Other Comprehensive Inc

Equity, Other Comprehensive Income (Loss) and Earnings Per Share	9 Months Ended
	Sep. 30, 2023
Equity, Other Comprehensive Income (Loss) and Earnings Per Share
Equity, Other Comprehensive Income (Loss) and Earnings Per Share	NOTE 6: Equity, Other Comprehensive Income (Loss) and Earnings Per Share Equity and Noncontrolling Interest The Board of Directors authorized a program, effective December 1, 2022, to repurchase up to $10.00 million of the Corporation’s common stock through December 31, 2023 (the 2022 Repurchase Program). During the three and nine months ended September 30, 2023, the Corporation repurchased $1.31 million and $5.85 million, respectively, of its common stock under the 2022 Repurchase Program. As of September 30, 2023, there was $3.70 million remaining available for repurchases of the Corporation’s common stock under the 2022 Repurchase Program. The Corporation’s previous share repurchase program, which was authorized by the Board of Directors in November 2021, expired on November 30, 2022. There were 34,262 shares and 66,143 shares, respectively, repurchased under the previous share repurchase program during the three and nine months ended September 30, 2022 for an aggregate cost of $1.69 million and $3.30 million, respectively. Additionally during the nine months ended September 30, 2023 and 2022, the Corporation withheld 7,765 shares and 4,503 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 Income (Loss), Net Changes in each component of accumulated other comprehensive loss were as follows for the three months ended September 30, 2023 and 2022: Securities Defined Cash Available Benefit Flow (Dollars in thousands) For Sale Plan Hedges Total Accumulated other comprehensive (loss) income at June 30, 2023 $ (33,635) $ (3,195) $ 1,424 $ (35,406) Other comprehensive (loss) income arising during the period (7,369) — 179 (7,190) Related income tax effects 1,548 — (45) 1,503 (5,821) — 134 (5,687) Reclassifications into net income — 25 (1) 24 Related income tax effects — (5) — (5) — 20 (1) 19 Other comprehensive (loss) income, net of tax (5,821) 20 133 (5,668) Accumulated other comprehensive (loss) income at September 30, 2023 $ (39,456) $ (3,175) $ 1,557 $ (41,074) Securities Defined Cash Available Benefit Flow (Dollars in thousands) For Sale Plan Hedges Total Accumulated other comprehensive (loss) income at June 30, 2022 $ (24,333) $ (2,067) $ 875 $ (25,525) Other comprehensive (loss) income arising during the period (19,547) — 882 (18,665) Related income tax effects 4,104 — (228) 3,876 (15,443) — 654 (14,789) Reclassifications into net income — (7) (1) (8) Related income tax effects — 2 — 2 — (5) (1) (6) Other comprehensive (loss) income, net of tax (15,443) (5) 653 (14,795) Accumulated other comprehensive (loss) income at September 30, 2022 $ (39,776) $ (2,072) $ 1,528 $ (40,320) Changes in each component of accumulated other comprehensive loss were as follows for the nine months ended September 30, 2023 and 2022: Securities Defined Cash Available Benefit Flow (Dollars in thousands) For Sale Plan Hedges Total Accumulated other comprehensive (loss) income at December 31, 2022 $ (35,184) $ (3,236) $ 1,462 $ (36,958) Other comprehensive (loss) income arising during the period (5,413) — 131 (5,282) Related income tax effects 1,137 — (32) 1,105 (4,276) — 99 (4,177) Reclassifications into net income 5 77 (5) 77 Related income tax effects (1) (16) 1 (16) 4 61 (4) 61 Other comprehensive (loss) income, net of tax (4,272) 61 95 (4,116) Accumulated other comprehensive (loss) income at September 30, 2023 $ (39,456) $ (3,175) $ 1,557 $ (41,074) 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) Other comprehensive (loss) income arising during the period (50,902) — 2,695 (48,207) Related income tax effects 10,689 — (694) 9,995 (40,213) — 2,001 (38,212) Reclassifications into net income — (22) (5) (27) Related income tax effects — 5 1 6 — (17) (4) (21) Other comprehensive (loss) income, net of tax (40,213) (17) 1,997 (38,233) Accumulated other comprehensive (loss) income at September 30, 2022 $ (39,776) $ (2,072) $ 1,528 $ (40,320) The following table provides information regarding reclassifications from accumulated other comprehensive loss into net income for the three and nine months ended September 30, 2023 and 2022: Three Months Ended September 30, Nine Months Ended September 30, Line Item In the Consolidated (Dollars in thousands) 2023 2022 2023 2022 Statements of Income Securities available for sale: Reclassification of net realized losses into net income $ — $ — $ (5) $ — Net losses on sales, maturities and calls of available for sale securities Related income tax effects — — 1 — Income tax expense — — (4) — Net of tax Defined benefit plan: 1 Reclassification of recognized net actuarial losses into net income (42) (10) (128) (29) Noninterest expenses - Other Amortization of prior service credit into net income 17 17 51 51 Noninterest expenses - Other Related income tax effects 5 (2) 16 (5) Income tax expense (20) 5 (61) 17 Net of tax Cash flow hedges: Amortization of hedging gains into net income 1 1 5 5 Interest expense - Trust preferred capital notes Related income tax effects — — (1) (1) Income tax expense 1 1 4 4 Net of tax Total reclassifications into net income $ (19) $ 6 $ (61) $ 21 1 See “Note 8: Employee Benefit Plans,” for additional information. Earnings Per Share (EPS) The components of the Corporation’s EPS calculations are as follows: Three Months Ended September 30, (Dollars in thousands) 2023 2022 Net income attributable to C&F Financial Corporation $ 5,789 $ 6,480 Weighted average shares outstanding — 3,391,624 3,511,326 Nine Months Ended September 30, (Dollars in thousands) 2023 2022 Net income attributable to C&F Financial Corporation $ 18,536 $ 18,851 Weighted average shares outstanding — 3,426,845 3,531,064 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.

Share-Based Plans

Share-Based Plans	9 Months Ended
Share-Based Plans	Sep. 30, 2023
Share-Based Plans
Share-Based Plans	NOTE 7: Share-Based Plans As permitted under the 2022 Stock and Incentive Compensation Plan, and previously under the 2013 Stock and Incentive Compensation Plan until April 19, 2022, 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: 2023 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2022 145,677 $ 48.88 Granted 18,540 57.32 Vested (30,043) 51.53 Forfeited (3,545) 49.37 Unvested, September 30, 2023 130,629 55.36 2022 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2021 140,577 $ 48.57 Granted 16,430 50.56 Vested (15,920) 50.95 Forfeited (2,930) 48.23 Unvested, September 30, 2022 138,157 48.54 Share-based compensation expense, net of forfeitures, for the three and nine months ended September 30, 2023 was $581,000 ($412,000 after tax) and $1.51 million ($1.02 million after tax), respectively, for restricted stock granted during 2018 through 2023. Share-based compensation expense, net of forfeitures, for the three and nine months ended September 30, 2022 was $524,000 ($375,000 after tax) and $1.53 million ($1.09 million after tax), respectively, for restricted stock granted during 2017 through 2022. As of September 30, 2023, there was $2.90 million of total unrecognized compensation expense related to unvested restricted stock that will be recognized over the remaining requisite service periods.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
Employee Benefit Plans	Sep. 30, 2023
Employee Benefit Plans
Employee Benefit Plans	NOTE 8: Employee Benefit Plans The following table summarizes the components of net periodic benefit cost for the Bank’s non-contributory cash balance pension plan. Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Components of net periodic benefit cost: Service cost, included in salaries and employee benefits $ 344 $ 459 $ 1,032 $ 1,378 Other components of net periodic benefit cost: Interest cost 182 123 546 369 Expected return on plan assets (321) (415) (963) (1,245) Amortization of prior service credit (17) (17) (51) (51) Recognized net actuarial losses 42 10 128 29 Other components of net periodic benefit cost, included in other noninterest expense (114) (299) (340) (898) Net periodic benefit cost $ 230 $ 160 $ 692 $ 480

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	9 Months Ended
Fair Value of Assets and Liabilities	Sep. 30, 2023
Fair Value of Assets and Liabilities
Fair Value of Assets and Liabilities	NOTE 9: Fair Value of Assets and Liabilities Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. U.S. GAAP requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. U.S. GAAP also establishes a fair value hierarchy which prioritizes the valuation inputs into three broad levels. Based on the underlying inputs, each fair value measurement in its entirety is reported in one of the three levels. These levels are: ● Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. Level 1 assets and liabilities include debt securities traded in an active exchange market, as well as U.S. Treasury securities. ● Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. ● Level 3—Valuation is determined using model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect the Corporation’s estimates of assumptions that market participants would use in pricing the respective asset or liability. Valuation techniques may include the use of pricing models, discounted cash flow models and similar techniques. U.S. GAAP allows an entity the irrevocable option to elect fair value (the fair value option) for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis. The Corporation has elected to use fair value accounting for its entire portfolio of loans held for sale (LHFS). Assets and Liabilities Measured at Fair Value on a Recurring Basis The following describes the valuation techniques and inputs used by the Corporation in determining the fair value of certain assets recorded at fair value on a recurring basis in the financial statements. Securities available for sale. 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. These investments are recorded at fair value and included in other assets in the Consolidated Balance Sheets. At September 30, 2023 and December 31, 2022, the fair value of these investments was $3.63 million and $3.65 million, respectively. These investments are recorded at fair value based on the contractual redemption value of the Corporation’s proportionate share of the agencies’ equity. Changes in fair value are recognized in net income and resulted in the recognition of unrealized gains of $120,000 and unrealized losses of $20,000 for the three and nine months ended September 30, 2023, respectively. 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. The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis. The fair value of forward sales of mortgage loans were not material to the consolidated financial statements of the Corporation at September 30, 2023 or December 31, 2022. September 30, 2023 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 $ — $ 51,394 $ — $ 51,394 U.S. government agencies and corporations — 94,050 — 94,050 Mortgage-backed securities — 160,315 — 160,315 Obligations of states and political subdivisions — 134,165 — 134,165 Corporate and other debt securities — 20,729 — 20,729 Total securities available for sale — 460,653 — 460,653 Loans held for sale — 25,469 — 25,469 Other investments — 3,629 — 3,629 Derivatives IRLC — 563 — 563 Interest rate swaps on loans — 7,132 — 7,132 Cash flow hedges — 2,073 — 2,073 Total assets $ — $ 499,519 $ — $ 499,519 Liabilities: Derivatives Interest rate swaps on loans $ — $ 7,132 $ — $ 7,132 Total liabilities $ — $ 7,132 $ — $ 7,132 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 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. Other Real Estate Owned (OREO). At September 30, 2023 and December 31, 2022 there was no OREO that was 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 September 30, 2023 Classified as Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ 73,002 $ 70,512 $ 2,490 $ — $ 73,002 Securities available for sale 460,653 — 460,653 — 460,653 Loans, net 1,677,481 — — 1,618,671 1,618,671 Loans held for sale 25,469 — 25,469 — 25,469 Other investments 3,629 — 3,629 — 3,629 Derivatives IRLC 563 — 563 — 563 Interest rate swaps on loans 7,132 — 7,132 — 7,132 Cash flow hedges 2,073 — 2,073 — 2,073 Bank-owned life insurance 21,248 — 21,248 — 21,248 Accrued interest receivable 10,039 10,039 — — 10,039 Financial liabilities: Demand and savings deposits 1,431,140 1,431,140 — — 1,431,140 Time deposits 597,289 — 591,113 — 591,113 Borrowings 141,042 — 125,792 — 125,792 Derivatives Interest rate swaps on loans 7,132 — 7,132 — 7,132 Accrued interest payable 3,188 3,188 — — 3,188 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

Business Segments

Business Segments	9 Months Ended
Business Segments	Sep. 30, 2023
Business Segments
Business Segments	NOTE 10: Business Segments The Corporation operates in a decentralized fashion in three business segments: community banking, mortgage banking and consumer finance. The community banking segment comprises C&F Bank, C&F Wealth Management, C&F Insurance and CVB Title. 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, debit card interchange activity, and net revenues from offering wealth management services and insurance products through third-party service providers. Through C&F Mortgage, 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 through C&F Finance consist primarily of net interest income earned on purchased retail installment sales contracts. The standalone Corporation’s revenues and expenses are comprised primarily of interest expense associated with the Corporation’s trust preferred capital notes and subordinated debt, general corporate expenses, and changes in the value of the rabbi trust and deferred compensation liability related to its nonqualified deferred compensation plan. The results of the Corporation, which includes funding and operating costs that are not allocated to the business segments, are included in the column labeled “Other” in the tables below. Three Months Ended September 30, 2023 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 25,066 $ 517 $ 12,020 $ — $ (5,917) $ 31,686 Interest expense 6,675 232 5,748 548 (5,979) 7,224 Net interest income 18,391 285 6,272 (548) 62 24,462 Gain on sales of loans — 1,198 — — 22 1,220 Other noninterest income 4,221 1,144 (19) (496) (50) 4,800 Net revenue 22,612 2,627 6,253 (1,044) 34 30,482 Provision for credit losses 500 — 1,550 — — 2,050 Noninterest expense 15,129 2,631 3,761 (172) (17) 21,332 Income (loss) before taxes 6,983 (4) 942 (872) 51 7,100 Income tax expense (benefit) 1,298 1 260 (246) 10 1,323 Net income (loss) $ 5,685 $ (5) $ 682 $ (626) $ 41 $ 5,777 Other data: Capital expenditures $ 251 $ 12 $ 146 $ — $ — $ 409 Depreciation and amortization $ 838 $ 18 $ 100 $ — $ — $ 956 Three Months Ended September 30, 2022 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 18,766 $ 556 $ 11,175 $ — $ (4,171) $ 26,326 Interest expense 1,353 247 3,941 593 (4,188) 1,946 Net interest income 17,413 309 7,234 (593) 17 24,380 Gain on sales of loans — 1,904 — — (34) 1,870 Other noninterest income 3,903 1,197 49 (826) (64) 4,259 Net revenue 21,316 3,410 7,283 (1,419) (81) 30,509 Provision for loan losses — — 1,200 — — 1,200 Noninterest expense 14,621 3,398 3,639 (553) (16) 21,089 Income (loss) before taxes 6,695 12 2,444 (866) (65) 8,220 Income tax expense (benefit) 1,274 (12) 665 (238) (14) 1,675 Net income (loss) $ 5,421 $ 24 $ 1,779 $ (628) $ (51) $ 6,545 Other data: Capital expenditures $ 961 $ 3 $ — $ — $ — $ 964 Depreciation and amortization $ 923 $ 57 $ 102 $ — $ — $ 1,082 Nine Months Ended September 30, 2023 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 72,531 $ 1,312 $ 35,313 $ — $ (17,427) $ 91,729 Interest expense 16,268 513 17,060 1,696 (17,573) 17,964 Net interest income 56,263 799 18,253 (1,696) 146 73,765 Gain on sales of loans — 4,983 — — (53) 4,930 Other noninterest income 12,173 3,413 25 840 (155) 16,296 Net revenue 68,436 9,195 18,278 (856) (62) 94,991 Provision for loan losses 1,550 — 4,250 — — 5,800 Noninterest expense 45,063 8,459 10,909 1,839 (46) 66,224 Income (loss) before taxes 21,823 736 3,119 (2,695) (16) 22,967 Income tax expense (benefit) 4,081 168 858 (790) (8) 4,309 Net income (loss) $ 17,742 $ 568 $ 2,261 $ (1,905) $ (8) $ 18,658 Other data: Capital expenditures $ 861 $ 12 $ 146 $ — $ — $ 1,019 Depreciation and amortization $ 2,558 $ 61 $ 300 $ — $ — $ 2,919 Nine Months Ended September 30, 2022 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 50,612 $ 1,674 $ 30,975 $ — $ (10,312) $ 72,949 Interest expense 3,700 561 9,800 1,762 (10,361) 5,462 Net interest income 46,912 1,113 21,175 (1,762) 49 67,487 Gain on sales of loans — 7,251 — — (488) 6,763 Other noninterest income 11,962 3,918 164 (4,174) (112) 11,758 Net revenue 58,874 12,282 21,339 (5,936) (551) 86,008 Provision for loan losses (700) 32 2,070 — — 1,402 Noninterest expense 42,605 10,045 10,978 (3,186) (43) 60,399 Income (loss) before taxes 16,969 2,205 8,291 (2,750) (508) 24,207 Income tax expense (benefit) 3,215 533 2,255 (752) (107) 5,144 Net income (loss) $ 13,754 $ 1,672 $ 6,036 $ (1,998) $ (401) $ 19,063 Other data: Capital expenditures $ 2,232 $ 65 $ 17 $ — $ — $ 2,314 Depreciation and amortization $ 2,817 $ 180 $ 308 $ — $ — $ 3,305 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Total assets at September 30, 2023 $ 2,299,620 $ 35,995 $ 478,346 $ 35,984 $ (428,240) $ 2,421,705 Total assets at December 31, 2022 $ 2,206,299 $ 24,500 $ 479,864 $ 43,241 $ (421,587) $ 2,332,317 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 3.2 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.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
Commitments and Contingent Liabilities	Sep. 30, 2023
Commitments and Contingent Liabilities
Commitments and Contingent Liabilities	NOTE 11: Commitments and Contingent Liabilities The Corporation enters into commitments to extend credit in the normal course of business to meet the financing needs of its customers, including loan commitments and standby letters of credit. These instruments involve elements of credit and interest rate risk in excess of the amounts recorded on the Consolidated Balance Sheets. The Corporation’s exposure to credit loss in the event of nonperformance by the other party to the financial instrument for commitments to extend credit and standby letters of credit written is represented by the contractual amount of these instruments. The Corporation uses the same credit policies in making commitments and conditional obligations as it does for on-balance-sheet instruments. Collateral is obtained based on management’s credit assessment of the customer. Loan commitments are agreements to extend credit to a customer provided that there are no violations of the terms of the contract prior to funding. Commitments have fixed expiration dates or other termination clauses and may require payment of a fee by the customer. Because many of the commitments may expire without being completely drawn upon, the total commitment amounts do not necessarily represent future cash requirements. The Bank evaluates each customer’s creditworthiness on a case-by-case basis. The amount of loan commitments at the Bank was $432.66 million at September 30, 2023 and $394.75 million at December 31, 2022, which does not include IRLCs at the mortgage banking segment, which are discussed in Note 12. Standby letters of credit are written conditional commitments issued by the Bank to guarantee the performance of a customer to a third party. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loans to customers. The total contract amount of standby letters of credit, whose contract amounts represent credit risk, was $10.42 million at September 30, 2023 and $16.26 million at December 31, 2022. 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 portion of its business. Recourse periods for early payment default for the remaining investors vary from 90 days up to one year. Recourse periods for borrower misrepresentation or fraud, or underwriting error do not have a stated time limit. The mortgage banking segment maintains an allowance for indemnifications that represents management’s estimate of losses that are probable of arising under these recourse provisions. As performance data for loans that have been sold is not made available to the mortgage banking segment by the investors, the estimate of potential losses is inherently subjective and is based on historical indemnification payments and management’s assessment of current conditions that may contribute to indemnified losses on mortgage loans that have been sold in the secondary market. For the three and nine months ended September 30, 2023, the Corporation recorded a reversal of provision for indemnifications of $200,000, and $435,000, respectively, and recorded a provision for indemnifications of $11,000 and a reversal of provision for indemnifications of $858,000 for the three and nine months ended September 30, 2022, respectively, which is included in “Noninterest Expenses – Other” on the Consolidated Statements of Income. No indemnification payments were made during the three and nine months ended September 30, 2023 or 2022. The allowance for indemnifications was $1.96 million and $2.39 million at September 30, 2023 and December 31, 2022.

Derivative Financial Instrument

Derivative Financial Instruments	9 Months Ended
Derivative Financial Instruments	Sep. 30, 2023
Derivative Financial Instruments
Derivative Financial Instruments	NOTE 12: Derivative Financial Instruments The Corporation uses derivative financial instruments primarily to manage risks to the Corporation associated with changing interest rates, and to assist customers with their risk management objectives. The Corporation designates certain interest rate swaps as hedging instruments in qualifying cash flow hedges. The changes in fair value of these designated hedging instruments is reported as a component of other comprehensive income (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 September 30, 2023, the mortgage banking segment had $40.91 million of IRLCs and $27.75 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using best-efforts forward sales contracts for $68.66 million in mortgage loans. 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. The following tables summarize key elements of the Corporation’s derivative instruments. September 30, 2023 Notional (Dollars in thousands) Amount Assets Liabilities Cash flow hedges: Interest rate swap contracts $ 25,000 $ 2,073 $ — Not designated as hedges: Customer-related interest rate swap contracts: Matched interest rate swaps with borrower 109,976 — 7,132 Matched interest rate swaps with counterparty 109,976 7,132 — Mortgage banking contracts: IRLCs 40,909 563 — 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 — The Corporation and the Bank are required to maintain cash collateral with dealer counterparties for interest rate swap relationships in a loss position. At both September 30, 2023 and December 31, 2022, there was cash collateral maintained with dealer counterparties.

Other Noninterest Expenses

Other Noninterest Expenses	9 Months Ended
Other Noninterest Expenses	Sep. 30, 2023
Other Noninterest Expenses
Other Noninterest Expenses	NOTE 13: Other Noninterest Expenses The following table presents the significant components in the Consolidated Statements of Income line “Noninterest Expenses-Other.” Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Data processing fees $ 2,567 $ 2,675 $ 7,863 $ 7,921 Professional fees 707 684 2,096 2,179 Insurance expense 414 293 1,203 767 Marketing and advertising expenses 361 441 1,172 1,415 Telecommunication expenses 344 350 970 1,047 Mortgage banking loan processing expenses 272 404 854 1,405 Provision for indemnifications (200) 11 (435) (858) All other noninterest expenses 2,002 1,847 5,685 5,316 Total other noninterest expenses $ 6,467 $ 6,705 $ 19,408 $ 19,192

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2023
Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation: The unaudited consolidated financial statements include the accounts of C&F Financial Corporation (the Corporation), its direct wholly-owned subsidiary, Citizens and Farmers Bank (the Bank or C&F Bank) and indirect subsidiaries that are wholly-owned or controlled. Subsidiaries that are less than wholly owned are fully consolidated if they are controlled by the Corporation or one of its subsidiaries, and the portion of any subsidiary not owned by the Corporation is reported as noncontrolling interest. All significant intercompany accounts and transactions have been eliminated in consolidation. In addition, the Corporation owns all of the common stock of C&F Financial Statutory Trust I, C&F Financial Statutory Trust II and Central Virginia Bankshares Statutory Trust I, all of which are unconsolidated subsidiaries. The subordinated debt owed to these trusts is reported as liabilities of the Corporation.
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. (C&F Insurance) and CVB Title Services, Inc. (CVB Title), 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 and CVB Title were organized for the primary purpose of owning equity interests in an independent insurance agency and a full service title and settlement agency, respectively. Business segment data is presented in Note 10.
Basis of Presentation	Basis of Presentation:
Reclassification	Reclassification:
Derivative Financial Instruments	Derivative Financial Instruments: other asset other liability
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Standard: 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” ASC 326 introduced an approach based on current expected credit losses (CECL) to estimate credit losses on certain types of financial instruments, replacing the incurred loss methodology from prior GAAP. It also applies to unfunded commitments to extend credit, including loan commitments, standby letters of credit, and other similar instruments. It modified the impairment model for available-for-sale debt securities and provided for a simplified accounting model for purchased financial assets with credit deterioration since their origination. It also modified the measurement principles for modifications of loans to borrowers experiencing financial difficulty, including how the allowance for credit losses (ACL) is measured for such loans. The amendments of ASC 326, upon adoption, were applied on a modified retrospective basis, recording an increase in the reported balance of loans and the allowance for credit losses on loans, recognizing a liability for credit losses on commitments to extend credit, and reducing total equity of both the Corporation and of C&F Bank, which resulted in a reduction of regulatory capital of C&F Bank. As a result of adopting ASC 326, the Corporation recorded a decrease to opening retained earnings of $1.1 million. ASC 326 also replaced the Corporation’s previous accounting policies for purchased credit-impaired (PCI) loans and troubled-debt restructurings (TDRs). With the adoption of ASC 326, loans previously designated as PCI loans were designated as purchased loans with credit deterioration (PCD loans). The Corporation adopted ASC 326 using the prospective transition approach for PCD loans that were previously identified as PCI and accounted for under ASC 310-30. On January 1, 2023, the Corporation’s PCD loans were adjusted to reflect the addition of $604,000 of expected credit losses to the amortized cost basis of the loans and a corresponding increase to the ACL. The remaining noncredit discount, the difference between the adjusted amortized cost basis and the outstanding principal balance on PCD loans, will be accreted into interest income over the estimated remaining lives of the loans using the effective interest rate method. The evaluation of the ACL will include PCD loans together with other loans that share similar risk characteristics, rather than using the separate pools that were used under PCI accounting. The adoption of ASC 326 also replaced previous TDR accounting guidance, and the evaluation of the ACL will include loans previously designated as TDRs together with other loans that share similar risk characteristics. The adoption of ASC 326 did not affect the carrying value of debt securities or the amount of unrealized gains and losses recorded in accumulated other comprehensive loss. Upon adoption of ASC 326, the Corporation did not have any securities included in its portfolio where other-than-temporary-impairments had previously been recognized or that required an ACL. The following table illustrates the impact of adopting ASC 326. December 31, 2022 January 1, 2023 January 1, 2023 As Previously As Reported Reported Impact of Under (Dollars in thousands) (Incurred Loss) ASC 326 ASC 326 Assets: Loans, gross $ 1,635,718 $ 604 $ 1,636,322 Allowance for credit losses: Commercial 11,219 (22) 11,197 Consumer 3,330 107 3,437 Consumer finance 25,969 406 26,375 Allowance for credit losses 40,518 491 41,009 Loans, net 1,595,200 113 1,595,313 Net deferred tax asset 22,014 316 22,330 Liabilities: Reserve for credit losses on unfunded commitments — 1,501 1,501 Total equity: $ 196,233 $ (1,072) $ 195,161 The following accounting policies have been updated in connection with the adoption of ASC 326 and apply to periods beginning after December 31, 2022. Accounting policies applying to prior periods are described in the 2022 Annual Report, as discussed above.
Securities	Securities: Impairment of debt securities occurs when the fair value of a security is less than its amortized cost. The Corporation has elected to exclude accrued interest receivable from the amortized cost basis. For debt securities available for sale, impairment is 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 evaluates unrealized losses to determine whether a decline in fair value below amortized cost basis is a result of 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, or other factors such as changes in market interest rates. If a credit loss exists, an allowance for credit losses is recorded that reflects the amount of the impairment related to credit losses, limited by the amount by which the security’s amortized cost basis exceeds its fair value. Changes in the allowance for credit losses are recorded in net income in the period of change and are included in provision for credit losses. Changes in the fair value of debt securities available for sale not resulting from credit losses are recorded in other comprehensive income (loss). The Corporation regularly reviews unrealized losses in its investments in securities and cash flows expected to be collected from impaired securities based on criteria including the extent to which market value is below amortized cost, the financial health of and specific prospects for the issuer, 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 Investment	Loans Held for Investment: Loans acquired in a business combination are recorded at estimated fair value on the date of acquisition. In the case of loans that have experienced more than insignificant deterioration in credit quality since origination as of the acquisition date, the loan’s amortized cost basis is increased above estimated fair value by the amount of expected credit losses as of the acquisition date, and a corresponding allowance for credit losses is also recorded. Any remaining non-credit discount or premium for such purchased loans with credit deterioration (or PCD loans) and any fair value discount or premium for non-PCD loans is accreted or amortized as an adjustment to yield over the estimated lives of the loans using the level-yield method. There is no allowance for credit losses established at the acquisition date for non-PCD 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. Any accrued interest receivable on loans placed on nonaccrual status is reversed by an adjustment to interest income. 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. 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.
Allowance for Credit Losses on Loans	Allowance for Credit Losses on Loans: The allowance represents management’s current estimate of expected credit losses over the contractual term of loans held for investment, and is recorded at an amount that, in management’s judgment, reduces the recorded investment in loans to the net amount expected to be collected. No allowance for credit loss is recorded on accrued interest receivable and amounts written-off are reversed by an adjustment to interest income. Management’s judgment in determining the level of the allowance is based on evaluations of historical loan losses, current conditions and reasonable and supportable forecasts relevant to the collectability of loans. Loans that share common risk characteristics are evaluated collectively using a discounted cash flow approach for all loans except for overdraft balances, which are evaluated using a loss rate approach. The discounted cash flow approach used by the Corporation utilizes loan-level cash flow projections and pool-level assumptions. For commercial (except for loans to states and political subdivisions) and consumer loans, cash flow projections and estimated expected losses are based in part on twelve-month forecasts of the national unemployment rate that are reasonable and supportable and external observations of historical loan losses. Forecasts of the national unemployment rate are derived from the Federal Open Markets Committee of the Federal Reserve Board and incorporated into the estimate of expected credit losses using a statistical regression analysis. For periods beyond those for which reasonable and supportable forecasts are available, projections are based on a reversion of the national unemployment rate from the last forecast to a historical average level over the following six months. Cash flow projections and estimated expected losses for loans to states and political subdivisions are based on external loss observations for state and municipal debt obligations. For consumer finance loans, cash flow projections and estimated expected losses reflect historical average loss experience based on internal observations for auto loans and based on external loss observations for marine and recreational vehicle loans. Management’s estimate of the allowance for credit losses on loans that are collectively evaluated also includes a qualitative assessment of available information relevant to assessing collectability that is not captured in the loss estimation process. Factors considered by management include changes and expected changes in general market, economic and business conditions; the nature and volume of the loan portfolio; the volume and severity of delinquencies and adversely classified loan balances and the value of underlying collateral. 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 that are inherent in the loan portfolio: ● Commercial loans are comprised of mortgage loans on commercial real estate, real estate acquisition, development and constructions loans, and other business lending, and carry risks associated with the successful operation of a business or a real estate project and changes in the value of collateral. In addition to other risks associated with the ownership of real estate, the repayment of these loans may be dependent upon the profitability and cash flows of the business or project. Construction loans, which include loans to individuals for the construction of a residence that generally will be occupied by the borrower, 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. 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 loans are comprised primarily of residential mortgage loans and home equity lines secured by residential real estate and carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral. ● Consumer finance loans are comprised of indirect financing for purchases of automobiles and marine and recreational vehicles (RVs) and carry risks associated with the continued credit-worthiness of the borrower and changes in the value of the collateral, which are typically rapidly-depreciating vehicles. Consumer finance loans are more likely than real estate loans to be immediately adversely affected by job loss, divorce, illness or personal bankruptcy. Loans that do not share common risk characteristics with other loans are evaluated individually and are not included in the collective analysis. The allowance for credit losses on loans that are individually evaluated may be estimated based on their expected cash flows, or, in the case of loans for which repayment is expected substantially through the operation or sale of collateral when the borrower is experiencing financial difficulty, may be measured based on the fair value of the collateral less estimated costs to sell.
Reserve for Unfunded Commitments	Reserve for Unfunded Commitments:
Recent Significant Accounting Pronouncements	Recent Significant Accounting Pronouncements: under Topic 848 in the case of modifications to certain loans, borrowings and cash flow hedges during 2022 and 2023. 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.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
Summary of Significant Accounting Policies (Tables)	Sep. 30, 2023
Adoption of New Accounting Standards
Schedule of impact of adopting ASC 326	December 31, 2022 January 1, 2023 January 1, 2023 As Previously As Reported Reported Impact of Under (Dollars in thousands) (Incurred Loss) ASC 326 ASC 326 Assets: Loans, gross $ 1,635,718 $ 604 $ 1,636,322 Allowance for credit losses: Commercial 11,219 (22) 11,197 Consumer 3,330 107 3,437 Consumer finance 25,969 406 26,375 Allowance for credit losses 40,518 491 41,009 Loans, net 1,595,200 113 1,595,313 Net deferred tax asset 22,014 316 22,330 Liabilities: Reserve for credit losses on unfunded commitments — 1,501 1,501 Total equity: $ 196,233 $ (1,072) $ 195,161

Securities (Tables)

Securities (Tables)	9 Months Ended
Securities (Tables)	Sep. 30, 2023
Securities
Summary of available for sale debt securities	September 30, 2023 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. Treasury securities $ 52,785 $ — $ (1,391) $ 51,394 U.S. government agencies and corporations 106,455 — (12,405) 94,050 Mortgage-backed securities 183,552 2 (23,239) 160,315 Obligations of states and political subdivisions 142,593 97 (8,525) 134,165 Corporate and other debt securities 25,212 — (4,483) 20,729 $ 510,597 $ 99 $ (50,043) $ 460,653 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
Schedule of amortized cost and estimated fair value of securities, by the earlier of contractual maturity or expected maturity	September 30, 2023 Amortized (Dollars in thousands) Cost Fair Value Due in one year or less $ 122,708 $ 117,683 Due after one year through five years 180,708 161,000 Due after five years through ten years 123,319 105,599 Due after ten years 83,862 76,371 $ 510,597 $ 460,653
Schedule of gross realized gains and losses and the proceeds	Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Realized gains from sales, maturities and calls of securities: Gross realized gains $ — $ — $ — $ — Gross realized losses — — (5) — Net realized losses $ — $ — $ (5) $ — Proceeds from sales, maturities, calls and paydowns of securities $ 30,719 $ 12,700 $ 75,560 $ 43,681
Schedule of securities in an unrealized loss position	Securities in an unrealized loss position at September 30, 2023, 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 $ — — $ 51,394 $ 1,391 $ 51,394 $ 1,391 U.S. government agencies and corporations — — 94,050 12,405 94,050 12,405 Mortgage-backed securities 10,704 697 149,535 22,542 160,239 23,239 Obligations of states and political subdivisions 44,075 1,657 71,081 6,868 115,156 8,525 Corporate and other debt securities 3,260 489 17,469 3,994 20,729 4,483 Total temporarily impaired securities $ 58,039 $ 2,843 $ 383,529 $ 47,200 $ 441,568 $ 50,043 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

Loans (Tables)

Loans (Tables)	9 Months Ended
Loans (Tables)	Sep. 30, 2023
Loans
Summary of classes of loans	September 30, December 31, (Dollars in thousands) 2023 2022 Commercial real estate $ 645,467 $ 592,301 Commercial business 118,641 118,605 Construction - commercial real estate 62,994 49,136 Land acquisition and development 28,400 37,537 Builder lines 30,787 34,538 Construction - consumer real estate 12,046 10,539 Residential mortgage 290,325 266,267 Equity lines 48,027 43,300 Other consumer 9,867 8,938 Consumer finance - automobiles 403,154 411,112 Consumer finance - marine and recreational vehicles 68,021 63,445 Subtotal 1,717,729 1,635,718 Less allowance for credit losses (40,248) (40,518) Loans, net $ 1,677,481 $ 1,595,200
Schedule of past due status of loans	30-59 60-89 90+ 90+ Days Days Days Days Total Past Due and (Dollars in thousands) Past Due Past Due Past Due Past Due Current 1 Total Loans Accruing Commercial real estate $ 614 $ — $ 424 $ 1,038 $ 644,429 $ 645,467 $ 160 Commercial business 52 30 — 82 118,559 118,641 — Construction - commercial real estate — — — — 62,994 62,994 — Land acquisition and development — — — — 28,400 28,400 — Builder lines — — — — 30,787 30,787 — Construction - consumer real estate 282 — — 282 11,764 12,046 — Residential mortgage 633 71 280 984 289,341 290,325 280 Equity lines 268 9 51 328 47,699 48,027 — Other consumer — — — — 9,867 9,867 — Consumer finance - automobiles 12,233 2,121 831 15,185 387,969 403,154 — Consumer finance - marine and recreational vehicles 301 — 80 381 67,640 68,021 — Total $ 14,383 $ 2,231 $ 1,666 $ 18,280 $ 1,699,449 $ 1,717,729 $ 440 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. 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 Residential mortgage $ 1,649 $ 452 $ 20 $ 2,121 $ 300 $ 263,846 $ 266,267 $ — Real estate – construction: Construction - commercial real estate — — — — — 49,136 49,136 — Construction - consumer real estate — — — — — 10,539 10,539 — Commercial, financial and agricultural: Commercial real estate — — — — 1,114 591,187 592,301 — Land acquisition and development — — — — — 37,537 37,537 — Builder lines — — — — — 34,538 34,538 — Commercial business — 1 — 1 — 118,604 118,605 — Equity lines — 39 — 39 15 43,246 43,300 — Other 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
Schedule of loans on nonaccrual status	September 30, December 31, (Dollars in thousands) 2023 2022 Commercial real estate $ 264 $ — Residential mortgage 141 156 Equity lines 60 108 Consumer finance - automobiles 831 842 Consumer finance - marine and recreational vehicles 80 83 Total $ 1,376 $ 1,189
Summary of amortized cost basis of loans that were both experiencing financial difficulty and modified	Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 % of Total % of Total Class of Class of Amortized Financing Amortized Financing (Dollars in thousands) Cost Receivable Cost Receivable Term Extension Commercial real estate $ 969 0.2 % $ 969 0.2 % Residential mortgage 71 0.0 71 0.0 Total Term Extension $ 1,040 $ 1,040 Combination Term Extension and Interest Rate Reduction Commercial real estate — — 45 0.0 Total Combination Term Extension and Interest Rate Reduction $ — $ 45 Total $ 1,040 0.1 % $ 1,085 0.1 % Three Months Ended September 30, 2023 Nine Months Ended September 30, 2023 Weighted- Weighted- Weighted- Weighted- Average Average Average Average Interest Rate Term Extension Interest Rate Term Extension (Dollars in thousands) Reduction (in years) Reduction (in years) Commercial real estate — % 2.0 0.75 % 2.1 Residential mortgage — 10.0 — 10.0 Total — % 2.5 0.75 % 2.6
Schedule of acquired loans	December 31, 2022 Acquired Loans - Acquired Loans - Purchased Purchased Acquired Loans - (Dollars in thousands) Credit Impaired Performing Total Outstanding principal balance $ 4,522 $ 38,157 $ 42,679 Carrying amount Real estate – residential mortgage $ 300 $ 8,587 $ 8,887 Real estate – construction — — — Commercial, financial and agricultural 1 1,114 23,023 24,137 Equity lines 15 5,047 5,062 Consumer 26 755 781 Total acquired loans $ 1,455 $ 37,412 $ 38,867 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)	Nine Months Ended (Dollars in thousands) September 30, 2022 Accretable yield, balance at beginning of period $ 3,111 Accretion (1,270) Reclassification of nonaccretable difference due to improvement in expected cash flows 1,603 Other changes, net 178 Accretable yield, balance at end of period $ 3,622
Schedule of impaired loans	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

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	9 Months Ended
Allowance for Credit Losses (Tables)	Sep. 30, 2023
Allowance for Credit Losses
Schedule of changes in the allowance for credit and loan losses	Consumer (Dollars in thousands) Commercial Consumer Finance Total Allowance for credit losses: Balance at December 31, 2022 $ 11,219 $ 3,330 $ 25,969 $ 40,518 Impact of ASC 326 adoption on non-PCD loans (617) 98 406 (113) Impact of ASC 326 adoption on PCD loans 595 9 — 604 Provision charged to operations 839 362 4,250 5,451 Loans charged off (16) (240) (9,306) (9,562) Recoveries of loans previously charged off 144 136 3,070 3,350 Balance at September 30, 2023 $ 12,164 $ 3,695 $ 24,389 $ 40,248 Real Estate Commercial, Residential Real Estate Financial & Equity Consumer (Dollars in thousands) Mortgage Construction Agricultural Lines Consumer Finance Total Allowance for loan losses: Balance at December 31, 2021 $ 2,660 $ 856 $ 11,085 $ 593 $ 172 $ 24,791 $ 40,157 Provision (credited) charged to operations (6) (62) (623) (60) 83 2,070 1,402 Loans charged off — — (11) — (193) (4,115) (4,319) Recoveries of loans previously charged off 16 — 13 2 93 3,516 3,640 Balance at September 30, 2022 $ 2,670 $ 794 $ 10,464 $ 535 $ 155 $ 26,262 $ 40,880
Schedule of breakdown of provision for credit losses	Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Provision for credit losses: Provision for loans $ 2,100 $ 1,200 $ 5,451 $ 1,402 Provision for unfunded commitments (50) — 349 — Total $ 2,050 $ 1,200 $ 5,800 $ 1,402
Schedule of loans by credit quality indicators	Revolving Revolving Term Loans Recorded Balance by Origination Year Loans Loans Recorded Converted (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Balance to Term Total Commercial real estate: Loan Rating Pass $ 64,729 $ 124,701 $ 155,982 $ 107,937 $ 38,611 $ 146,396 $ — $ 119 $ 638,475 Special Mention — — 5,763 — — 965 — — 6,728 Substandard Nonaccrual — — — — — 264 — — 264 Total $ 64,729 $ 124,701 $ 161,745 $ 107,937 $ 38,611 $ 147,625 $ — $ 119 $ 645,467 Commercial business: Loan Rating Pass $ 17,317 $ 19,330 $ 18,728 $ 14,045 $ 15,376 $ 14,196 $ 19,496 $ 88 $ 118,576 Special Mention 65 — — — — — — — 65 Total $ 17,382 $ 19,330 $ 18,728 $ 14,045 $ 15,376 $ 14,196 $ 19,496 $ 88 $ 118,641 Construction - commercial real estate: Loan Rating Pass $ 23,177 $ 30,632 $ 1,150 $ 8,035 $ — $ — $ — $ — $ 62,994 Total $ 23,177 $ 30,632 $ 1,150 $ 8,035 $ — $ — $ — $ — $ 62,994 Land acquisition and development: Loan Rating Pass $ 1,049 $ 6,062 $ 10,969 $ 9,992 $ — $ 328 $ — $ — $ 28,400 Total $ 1,049 $ 6,062 $ 10,969 $ 9,992 $ — $ 328 $ — $ — $ 28,400 Builder lines: Loan Rating Pass $ 16,390 $ 9,202 $ 4,585 $ — $ 404 $ — $ 206 $ — $ 30,787 Total $ 16,390 $ 9,202 $ 4,585 $ — $ 404 $ — $ 206 $ — $ 30,787 Construction - consumer real estate: Loan Rating Pass $ 5,543 $ 5,735 $ 768 $ — $ — $ — $ — $ — $ 12,046 Total $ 5,543 $ 5,735 $ 768 $ — $ — $ — $ — $ — $ 12,046 Residential mortgage: Loan Rating Pass $ 48,024 $ 93,630 $ 45,721 $ 42,276 $ 11,828 $ 48,123 $ — $ — $ 289,602 Special Mention — — 4 — — 96 — — 100 Substandard — — — 104 — 378 — — 482 Substandard Nonaccrual — — — — — 141 — — 141 Total $ 48,024 $ 93,630 $ 45,725 $ 42,380 $ 11,828 $ 48,738 $ — $ — $ 290,325 Equity lines: Loan Rating Pass $ — $ — $ 35 $ 70 $ — $ 878 $ 46,680 $ 299 $ 47,962 Substandard — — — — 5 — — — 5 Substandard Nonaccrual — — — — — 9 — 51 60 Total $ — $ — $ 35 $ 70 $ 5 $ 887 $ 46,680 $ 350 $ 48,027 Other consumer: Loan Rating Pass $ 4,856 $ 3,061 $ 717 $ 329 $ 227 $ 627 $ 50 $ — $ 9,867 Total $ 4,856 $ 3,061 $ 717 $ 329 $ 227 $ 627 $ 50 $ — $ 9,867 Total: Loan Rating Pass $ 181,085 $ 292,353 $ 238,655 $ 182,684 $ 66,446 $ 210,548 $ 66,432 $ 506 $ 1,238,709 Special Mention 65 — 5,767 — — 1,061 — — 6,893 Substandard — — — 104 5 378 — — 487 Substandard Nonaccrual — — — — — 414 — 51 465 Total $ 181,150 $ 292,353 $ 244,422 $ 182,788 $ 66,451 $ 212,401 $ 66,432 $ 557 $ 1,246,554 Revolving Term Loans Recorded Balance by Origination Year Loans Revolving Converted (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans to Term Total Consumer finance - automobiles: Credit rating Very good $ 7,814 $ 13,655 $ 4,904 $ 1,170 $ 338 $ 34 $ — $ — $ 27,915 Good 26,830 46,654 17,211 3,913 1,391 456 — — 96,455 Fairly good 36,253 60,018 29,527 7,068 4,816 2,061 — — 139,743 Fair 24,257 40,299 24,503 7,973 5,854 2,676 — — 105,562 Marginal 5,538 9,690 8,647 3,733 3,410 2,461 — — 33,479 Total $ 100,692 $ 170,316 $ 84,792 $ 23,857 $ 15,809 $ 7,688 $ — $ — $ 403,154 Consumer finance - marine and recreational vehicles: Credit rating Very good $ 6,475 $ 15,774 $ 10,291 $ 10,386 $ 2,654 $ 2,556 $ — $ — $ 48,136 Good 6,942 8,280 1,712 1,461 425 466 — — 19,286 Fairly good 267 225 38 31 — 38 — — 599 Total $ 13,684 $ 24,279 $ 12,041 $ 11,878 $ 3,079 $ 3,060 $ — $ — $ 68,021 Total: Credit rating Very good $ 14,289 $ 29,429 $ 15,195 $ 11,556 $ 2,992 $ 2,590 $ — $ — $ 76,051 Good 33,772 54,934 18,923 5,374 1,816 922 — — 115,741 Fairly good 36,520 60,243 29,565 7,099 4,816 2,099 — — 140,342 Fair 24,257 40,299 24,503 7,973 5,854 2,676 — — 105,562 Marginal 5,538 9,690 8,647 3,733 3,410 2,461 — — 33,479 Total $ 114,376 $ 194,595 $ 96,833 $ 35,735 $ 18,888 $ 10,748 $ — $ — $ 471,175 Revolving Current Period Gross Charge-offs by Origination Year Loans Revolving Converted (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans to Term Total Commercial business $ — $ 16 $ — $ — $ — $ — $ — $ — $ 16 Equity lines — — — — — 8 — — 8 Other consumer 1 199 25 — 3 2 3 — — 232 Consumer finance - automobiles 490 4,396 2,628 583 477 567 — — 9,141 Consumer finance - marine and recreational vehicles — 82 — 40 6 37 — — 165 Total $ 689 $ 4,519 $ 2,628 $ 626 $ 485 $ 615 $ — $ — $ 9,562 1 Gross charge-offs of other consumer loans for the nine months ended September 30, 2023 included $199,000 of demand deposit overdrafts that originated in 2023. Special Substandard (Dollars in thousands) Pass Mention Substandard Nonaccrual Total 1 Residential mortgage $ 264,891 $ 518 $ 702 $ 156 $ 266,267 Real estate – construction: Construction - commercial real estate 49,136 — — — 49,136 Construction - consumer real estate 10,539 — — — 10,539 Commercial, financial and agricultural: Commercial real estate 585,707 738 5,856 — 592,301 Land acquisition and development 37,537 — — — 37,537 Builder lines 34,538 — — — 34,538 Commercial business 118,605 — — — 118,605 Equity lines 43,147 40 5 108 43,300 Other 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
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

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
Goodwill and Other Intangible Assets (Tables)	Sep. 30, 2023
Goodwill and Other Intangible Assets
Schedule of gross carrying amounts and accumulated amortization of other intangible assets	September 30, December 31, 2023 2022 Gross Gross Carrying Accumulated Carrying Accumulated (Dollars in thousands) Amount Amortization Amount Amortization Amortizable intangible assets: Core deposit intangibles $ 1,711 $ (557) $ 1,711 $ (464) Other amortizable intangibles 1,405 (1,084) 1,405 (973) Total $ 3,116 $ (1,641) $ 3,116 $ (1,437)

Equity, Other Comprehensive I_2

Equity, Other Comprehensive Income (Loss) and Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2023
Equity, Other Comprehensive Income (Loss) and Earnings Per Share
Schedule of the components of accumulated other comprehensive loss, net of deferred taxes	Securities Defined Cash Available Benefit Flow (Dollars in thousands) For Sale Plan Hedges Total Accumulated other comprehensive (loss) income at June 30, 2023 $ (33,635) $ (3,195) $ 1,424 $ (35,406) Other comprehensive (loss) income arising during the period (7,369) — 179 (7,190) Related income tax effects 1,548 — (45) 1,503 (5,821) — 134 (5,687) Reclassifications into net income — 25 (1) 24 Related income tax effects — (5) — (5) — 20 (1) 19 Other comprehensive (loss) income, net of tax (5,821) 20 133 (5,668) Accumulated other comprehensive (loss) income at September 30, 2023 $ (39,456) $ (3,175) $ 1,557 $ (41,074) Securities Defined Cash Available Benefit Flow (Dollars in thousands) For Sale Plan Hedges Total Accumulated other comprehensive (loss) income at June 30, 2022 $ (24,333) $ (2,067) $ 875 $ (25,525) Other comprehensive (loss) income arising during the period (19,547) — 882 (18,665) Related income tax effects 4,104 — (228) 3,876 (15,443) — 654 (14,789) Reclassifications into net income — (7) (1) (8) Related income tax effects — 2 — 2 — (5) (1) (6) Other comprehensive (loss) income, net of tax (15,443) (5) 653 (14,795) Accumulated other comprehensive (loss) income at September 30, 2022 $ (39,776) $ (2,072) $ 1,528 $ (40,320) Securities Defined Cash Available Benefit Flow (Dollars in thousands) For Sale Plan Hedges Total Accumulated other comprehensive (loss) income at December 31, 2022 $ (35,184) $ (3,236) $ 1,462 $ (36,958) Other comprehensive (loss) income arising during the period (5,413) — 131 (5,282) Related income tax effects 1,137 — (32) 1,105 (4,276) — 99 (4,177) Reclassifications into net income 5 77 (5) 77 Related income tax effects (1) (16) 1 (16) 4 61 (4) 61 Other comprehensive (loss) income, net of tax (4,272) 61 95 (4,116) Accumulated other comprehensive (loss) income at September 30, 2023 $ (39,456) $ (3,175) $ 1,557 $ (41,074) 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) Other comprehensive (loss) income arising during the period (50,902) — 2,695 (48,207) Related income tax effects 10,689 — (694) 9,995 (40,213) — 2,001 (38,212) Reclassifications into net income — (22) (5) (27) Related income tax effects — 5 1 6 — (17) (4) (21) Other comprehensive (loss) income, net of tax (40,213) (17) 1,997 (38,233) Accumulated other comprehensive (loss) income at September 30, 2022 $ (39,776) $ (2,072) $ 1,528 $ (40,320)
Schedule of reclassifications from accumulated other comprehensive loss	Three Months Ended September 30, Nine Months Ended September 30, Line Item In the Consolidated (Dollars in thousands) 2023 2022 2023 2022 Statements of Income Securities available for sale: Reclassification of net realized losses into net income $ — $ — $ (5) $ — Net losses on sales, maturities and calls of available for sale securities Related income tax effects — — 1 — Income tax expense — — (4) — Net of tax Defined benefit plan: 1 Reclassification of recognized net actuarial losses into net income (42) (10) (128) (29) Noninterest expenses - Other Amortization of prior service credit into net income 17 17 51 51 Noninterest expenses - Other Related income tax effects 5 (2) 16 (5) Income tax expense (20) 5 (61) 17 Net of tax Cash flow hedges: Amortization of hedging gains into net income 1 1 5 5 Interest expense - Trust preferred capital notes Related income tax effects — — (1) (1) Income tax expense 1 1 4 4 Net of tax Total reclassifications into net income $ (19) $ 6 $ (61) $ 21 1 See “Note 8: Employee Benefit Plans,” for additional information.
Schedule of components earnings per share calculations	Three Months Ended September 30, (Dollars in thousands) 2023 2022 Net income attributable to C&F Financial Corporation $ 5,789 $ 6,480 Weighted average shares outstanding — 3,391,624 3,511,326 Nine Months Ended September 30, (Dollars in thousands) 2023 2022 Net income attributable to C&F Financial Corporation $ 18,536 $ 18,851 Weighted average shares outstanding — 3,426,845 3,531,064

Share-Based Plans (Tables)

Share-Based Plans (Tables)	9 Months Ended
Share-Based Plans (Tables)	Sep. 30, 2023
Share-Based Plans
Summary of activity for restricted stock awards	2023 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2022 145,677 $ 48.88 Granted 18,540 57.32 Vested (30,043) 51.53 Forfeited (3,545) 49.37 Unvested, September 30, 2023 130,629 55.36 2022 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2021 140,577 $ 48.57 Granted 16,430 50.56 Vested (15,920) 50.95 Forfeited (2,930) 48.23 Unvested, September 30, 2022 138,157 48.54

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
Employee Benefit Plans (Tables)	Sep. 30, 2023
Employee Benefit Plans
Schedule of net periodic benefit costs	Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Components of net periodic benefit cost: Service cost, included in salaries and employee benefits $ 344 $ 459 $ 1,032 $ 1,378 Other components of net periodic benefit cost: Interest cost 182 123 546 369 Expected return on plan assets (321) (415) (963) (1,245) Amortization of prior service credit (17) (17) (51) (51) Recognized net actuarial losses 42 10 128 29 Other components of net periodic benefit cost, included in other noninterest expense (114) (299) (340) (898) Net periodic benefit cost $ 230 $ 160 $ 692 $ 480

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	9 Months Ended
Fair Value of Assets and Liabilities (Tables)	Sep. 30, 2023
Fair Value of Assets and Liabilities
Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis	September 30, 2023 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 $ — $ 51,394 $ — $ 51,394 U.S. government agencies and corporations — 94,050 — 94,050 Mortgage-backed securities — 160,315 — 160,315 Obligations of states and political subdivisions — 134,165 — 134,165 Corporate and other debt securities — 20,729 — 20,729 Total securities available for sale — 460,653 — 460,653 Loans held for sale — 25,469 — 25,469 Other investments — 3,629 — 3,629 Derivatives IRLC — 563 — 563 Interest rate swaps on loans — 7,132 — 7,132 Cash flow hedges — 2,073 — 2,073 Total assets $ — $ 499,519 $ — $ 499,519 Liabilities: Derivatives Interest rate swaps on loans $ — $ 7,132 $ — $ 7,132 Total liabilities $ — $ 7,132 $ — $ 7,132 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
Schedule of carrying amounts and estimated fair values of financial instruments	Carrying Fair Value Measurements at September 30, 2023 Classified as Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ 73,002 $ 70,512 $ 2,490 $ — $ 73,002 Securities available for sale 460,653 — 460,653 — 460,653 Loans, net 1,677,481 — — 1,618,671 1,618,671 Loans held for sale 25,469 — 25,469 — 25,469 Other investments 3,629 — 3,629 — 3,629 Derivatives IRLC 563 — 563 — 563 Interest rate swaps on loans 7,132 — 7,132 — 7,132 Cash flow hedges 2,073 — 2,073 — 2,073 Bank-owned life insurance 21,248 — 21,248 — 21,248 Accrued interest receivable 10,039 10,039 — — 10,039 Financial liabilities: Demand and savings deposits 1,431,140 1,431,140 — — 1,431,140 Time deposits 597,289 — 591,113 — 591,113 Borrowings 141,042 — 125,792 — 125,792 Derivatives Interest rate swaps on loans 7,132 — 7,132 — 7,132 Accrued interest payable 3,188 3,188 — — 3,188 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

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
Business Segments (Tables)	Sep. 30, 2023
Business Segments
Schedule of segment reporting information, by segment	Three Months Ended September 30, 2023 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 25,066 $ 517 $ 12,020 $ — $ (5,917) $ 31,686 Interest expense 6,675 232 5,748 548 (5,979) 7,224 Net interest income 18,391 285 6,272 (548) 62 24,462 Gain on sales of loans — 1,198 — — 22 1,220 Other noninterest income 4,221 1,144 (19) (496) (50) 4,800 Net revenue 22,612 2,627 6,253 (1,044) 34 30,482 Provision for credit losses 500 — 1,550 — — 2,050 Noninterest expense 15,129 2,631 3,761 (172) (17) 21,332 Income (loss) before taxes 6,983 (4) 942 (872) 51 7,100 Income tax expense (benefit) 1,298 1 260 (246) 10 1,323 Net income (loss) $ 5,685 $ (5) $ 682 $ (626) $ 41 $ 5,777 Other data: Capital expenditures $ 251 $ 12 $ 146 $ — $ — $ 409 Depreciation and amortization $ 838 $ 18 $ 100 $ — $ — $ 956 Three Months Ended September 30, 2022 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 18,766 $ 556 $ 11,175 $ — $ (4,171) $ 26,326 Interest expense 1,353 247 3,941 593 (4,188) 1,946 Net interest income 17,413 309 7,234 (593) 17 24,380 Gain on sales of loans — 1,904 — — (34) 1,870 Other noninterest income 3,903 1,197 49 (826) (64) 4,259 Net revenue 21,316 3,410 7,283 (1,419) (81) 30,509 Provision for loan losses — — 1,200 — — 1,200 Noninterest expense 14,621 3,398 3,639 (553) (16) 21,089 Income (loss) before taxes 6,695 12 2,444 (866) (65) 8,220 Income tax expense (benefit) 1,274 (12) 665 (238) (14) 1,675 Net income (loss) $ 5,421 $ 24 $ 1,779 $ (628) $ (51) $ 6,545 Other data: Capital expenditures $ 961 $ 3 $ — $ — $ — $ 964 Depreciation and amortization $ 923 $ 57 $ 102 $ — $ — $ 1,082 Nine Months Ended September 30, 2023 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 72,531 $ 1,312 $ 35,313 $ — $ (17,427) $ 91,729 Interest expense 16,268 513 17,060 1,696 (17,573) 17,964 Net interest income 56,263 799 18,253 (1,696) 146 73,765 Gain on sales of loans — 4,983 — — (53) 4,930 Other noninterest income 12,173 3,413 25 840 (155) 16,296 Net revenue 68,436 9,195 18,278 (856) (62) 94,991 Provision for loan losses 1,550 — 4,250 — — 5,800 Noninterest expense 45,063 8,459 10,909 1,839 (46) 66,224 Income (loss) before taxes 21,823 736 3,119 (2,695) (16) 22,967 Income tax expense (benefit) 4,081 168 858 (790) (8) 4,309 Net income (loss) $ 17,742 $ 568 $ 2,261 $ (1,905) $ (8) $ 18,658 Other data: Capital expenditures $ 861 $ 12 $ 146 $ — $ — $ 1,019 Depreciation and amortization $ 2,558 $ 61 $ 300 $ — $ — $ 2,919 Nine Months Ended September 30, 2022 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 50,612 $ 1,674 $ 30,975 $ — $ (10,312) $ 72,949 Interest expense 3,700 561 9,800 1,762 (10,361) 5,462 Net interest income 46,912 1,113 21,175 (1,762) 49 67,487 Gain on sales of loans — 7,251 — — (488) 6,763 Other noninterest income 11,962 3,918 164 (4,174) (112) 11,758 Net revenue 58,874 12,282 21,339 (5,936) (551) 86,008 Provision for loan losses (700) 32 2,070 — — 1,402 Noninterest expense 42,605 10,045 10,978 (3,186) (43) 60,399 Income (loss) before taxes 16,969 2,205 8,291 (2,750) (508) 24,207 Income tax expense (benefit) 3,215 533 2,255 (752) (107) 5,144 Net income (loss) $ 13,754 $ 1,672 $ 6,036 $ (1,998) $ (401) $ 19,063 Other data: Capital expenditures $ 2,232 $ 65 $ 17 $ — $ — $ 2,314 Depreciation and amortization $ 2,817 $ 180 $ 308 $ — $ — $ 3,305 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Total assets at September 30, 2023 $ 2,299,620 $ 35,995 $ 478,346 $ 35,984 $ (428,240) $ 2,421,705 Total assets at December 31, 2022 $ 2,206,299 $ 24,500 $ 479,864 $ 43,241 $ (421,587) $ 2,332,317

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	9 Months Ended
Derivative Financial Instruments (Tables)	Sep. 30, 2023
Derivative Financial Instruments
Schedule of key elements of derivative instruments other than forward sales of mortgage loans	September 30, 2023 Notional (Dollars in thousands) Amount Assets Liabilities Cash flow hedges: Interest rate swap contracts $ 25,000 $ 2,073 $ — Not designated as hedges: Customer-related interest rate swap contracts: Matched interest rate swaps with borrower 109,976 — 7,132 Matched interest rate swaps with counterparty 109,976 7,132 — Mortgage banking contracts: IRLCs 40,909 563 — 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 —

Other Noninterest Expenses (Tab

Other Noninterest Expenses (Tables)	9 Months Ended
Other Noninterest Expenses (Tables)	Sep. 30, 2023
Other Noninterest Expenses
Schedule of other noninterest expense	Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2023 2022 2023 2022 Data processing fees $ 2,567 $ 2,675 $ 7,863 $ 7,921 Professional fees 707 684 2,096 2,179 Insurance expense 414 293 1,203 767 Marketing and advertising expenses 361 441 1,172 1,415 Telecommunication expenses 344 350 970 1,047 Mortgage banking loan processing expenses 272 404 854 1,405 Provision for indemnifications (200) 11 (435) (858) All other noninterest expenses 2,002 1,847 5,685 5,316 Total other noninterest expenses $ 6,467 $ 6,705 $ 19,408 $ 19,192

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Nature of Operations and Derivative Financial Instruments (Details)	Sep. 30, 2023 subsidiary
Nature of Operations
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Other assets.
Derivative Liability, Statement of Financial Position [Extensible Enumeration]	Other liabilities
C&F Bank
Nature of Operations
Number of wholly owned subsidiaries	5
C&F Mortgage \| C&F Select LLC
Nature of Operations
Interest owned (as a percent)	51%

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Adoption of New Accounting Standards
Retained earnings	$ (230,168,000)	$ (217,214,000)
Loans, gross	$ 1,717,729,000	1,635,718,000
Impact of ASC 326 \| Accounting Standards Update 2016-13
Adoption of New Accounting Standards
Retained earnings		1,100,000
Loans, gross		$ 604,000

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Impact of adoption (Details) - USD ($)	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Assets:
Loans, gross	$ 1,717,729,000		$ 1,635,718,000
Allowance for credit losses	40,248,000		40,518,000	$ 40,880,000		$ 40,157,000
Loans, net	1,677,481,000		1,595,200,000
Net deferred tax asset	23,434,000		22,014,000
Liabilities:
Total equity:	200,380,000	$ 202,528,000	196,233,000	185,440,000	$ 196,283,000	211,024,000
Commercial
Assets:
Allowance for credit losses	12,164,000		11,219,000
Consumer
Assets:
Allowance for credit losses	3,695,000		3,330,000
Consumer finance
Assets:
Loans, gross	471,175,000
Allowance for credit losses	$ 24,389,000		25,969,000	$ 26,262,000		$ 24,791,000
Impact of ASC 326
Liabilities:
Total equity:			(1,072,000)
Impact of ASC 326 \| Accounting Standards Update 2016-13
Assets:
Loans, gross			604,000
Allowance for credit losses			491,000
Loans, net			113,000
Net deferred tax asset			316,000
Liabilities:
Reserve for credit losses on unfunded commitments			1,501,000
Total equity:			(1,072,000)
Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Commercial
Assets:
Allowance for credit losses			(22,000)
Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Consumer
Assets:
Allowance for credit losses			107,000
Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Consumer finance
Assets:
Allowance for credit losses			406,000
As Reported under ASC 326 \| Accounting Standards Update 2016-13
Assets:
Loans, gross			1,636,322,000
Allowance for credit losses			41,009,000
Loans, net			1,595,313,000
Net deferred tax asset			22,330,000
Liabilities:
Reserve for credit losses on unfunded commitments			1,501,000
Total equity:			195,161,000
As Reported under ASC 326 \| Accounting Standards Update 2016-13 \| Commercial
Assets:
Allowance for credit losses			11,197,000
As Reported under ASC 326 \| Accounting Standards Update 2016-13 \| Consumer
Assets:
Allowance for credit losses			3,437,000
As Reported under ASC 326 \| Accounting Standards Update 2016-13 \| Consumer finance
Assets:
Allowance for credit losses			$ 26,375,000

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Loans Held for Investment and Allowance for Credit Losses on Loans (Details)	9 Months Ended
	Sep. 30, 2023 USD ($)
Adoption of New Accounting Standards
Allowance for credit losses for non-PCD loans	$ 0
Allowance for credit loss written-off	$ 0

Securities - Available for sale

Securities - Available for sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 510,597	$ 557,128
Gross Unrealized Gains	99	365
Gross Unrealized Losses	(50,043)	(44,902)
Fair Value	460,653	512,591
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	52,785	60,886
Gross Unrealized Losses	(1,391)	(2,053)
Fair Value	51,394	58,833
U.S. government agencies and corporations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	106,455	143,241
Gross Unrealized Losses	(12,405)	(12,967)
Fair Value	94,050	130,274
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	183,552	200,393
Gross Unrealized Gains	2	65
Gross Unrealized Losses	(23,239)	(20,540)
Fair Value	160,315	179,918
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	142,593	127,317
Gross Unrealized Gains	97	300
Gross Unrealized Losses	(8,525)	(6,790)
Fair Value	134,165	120,827
Corporate and other debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	25,212	25,291
Gross Unrealized Losses	(4,483)	(2,552)
Fair Value	$ 20,729	$ 22,739

Securities - Maturities and Rea

Securities - Maturities and Realized Gains and Losses (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) security	Sep. 30, 2022 USD ($) security	Dec. 31, 2022 USD ($)
Securities
Exclude accrued interest receivable from the amortized cost basis of securities	$ 2,820		$ 2,820
Amortized Cost
Due in one year or less	122,708		122,708
Due after one year through five years	180,708		180,708
Due after five years through ten years	123,319		123,319
Due after ten years	83,862		83,862
Amortized Cost	510,597		510,597		$ 557,128
Fair Value
Due in one year or less	117,683		117,683
Due after one year through five years	161,000		161,000
Due after five years through ten years	105,599		105,599
Due after ten years	76,371		76,371
Fair Value	460,653		$ 460,653		$ 512,591
Realized Gains and Losses
Number of securities sales \| security			0	0
Gross realized losses			$ (5)
Net realized losses			(5)
Proceeds from sales, maturities, calls and paydowns of securities	$ 30,719	$ 12,700	$ 75,560	$ 43,681

Securities - Pledged as Collate

Securities - Pledged as Collateral (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Available for sale securities
Amortized Cost	$ 510,597	$ 557,128
Fair Value	460,653	512,591
Securities Pledged as Collateral
Available for sale securities
Amortized Cost	215,220	237,150
Fair Value	$ 190,510	$ 213,580

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Details)	9 Months Ended
Securities - Unrealized Loss Positions (Details)	Sep. 30, 2023 USD ($) security	Dec. 31, 2022 USD ($)
Fair value
Less Than 12 Months, Fair Value	$ 58,039,000	$ 271,692,000
12 Months or More, Fair Value	383,529,000	209,967,000
Total Fair Value	441,568,000	481,659,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	2,843,000	12,523,000
12 Months or More, Unrealized Loss	47,200,000	32,379,000
Total Unrealized Loss	$ 50,043,000	44,902,000
Other information
Number of positions \| security	615
Aggregate fair value	$ 441,568,000	481,659,000
Other than temporary impairment	0
U.S. Treasury securities
Fair value
Less Than 12 Months, Fair Value		50,556,000
12 Months or More, Fair Value	51,394,000	8,277,000
Total Fair Value	51,394,000	58,833,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss		1,368,000
12 Months or More, Unrealized Loss	1,391,000	685,000
Total Unrealized Loss	1,391,000	2,053,000
Other information
Aggregate fair value	51,394,000	58,833,000
U.S. government agencies and corporations
Fair value
Less Than 12 Months, Fair Value		71,948,000
12 Months or More, Fair Value	94,050,000	58,326,000
Total Fair Value	94,050,000	130,274,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss		1,578,000
12 Months or More, Unrealized Loss	12,405,000	11,389,000
Total Unrealized Loss	12,405,000	12,967,000
Other information
Aggregate fair value	94,050,000	130,274,000
Mortgage-backed securities
Fair value
Less Than 12 Months, Fair Value	10,704,000	73,301,000
12 Months or More, Fair Value	149,535,000	104,563,000
Total Fair Value	160,239,000	177,864,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	697,000	5,441,000
12 Months or More, Unrealized Loss	22,542,000	15,099,000
Total Unrealized Loss	23,239,000	20,540,000
Other information
Aggregate fair value	160,239,000	177,864,000
Obligations of states and political subdivisions
Fair value
Less Than 12 Months, Fair Value	44,075,000	60,838,000
12 Months or More, Fair Value	71,081,000	32,120,000
Total Fair Value	115,156,000	92,958,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	1,657,000	2,434,000
12 Months or More, Unrealized Loss	6,868,000	4,356,000
Total Unrealized Loss	8,525,000	6,790,000
Other information
Aggregate fair value	115,156,000	92,958,000
Corporate and other debt securities
Fair value
Less Than 12 Months, Fair Value	3,260,000	15,049,000
12 Months or More, Fair Value	17,469,000	6,681,000
Total Fair Value	20,729,000	21,730,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	489,000	1,702,000
12 Months or More, Unrealized Loss	3,994,000	850,000
Total Unrealized Loss	4,483,000	2,552,000
Other information
Aggregate fair value	$ 20,729,000	$ 21,730,000

Securities - Restricted Stocks

Securities - Restricted Stocks and others (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Securities
Investment in restricted stock	$ 4,800,000	$ 1,120,000
Restricted stocks, other-than-temporary impairment	$ 0

Loans - Classes of Loans (Detai

Loans - Classes of Loans (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Exclude accrued interest receivable from the amortized cost basis of loans	$ 7,190,000
Subtotal	1,717,729,000	$ 1,635,718,000
Less allowance for credit losses	(40,248,000)	(40,518,000)	$ (40,880,000)	$ (40,157,000)
Loans, net	1,677,481,000	1,595,200,000
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	645,467,000	592,301,000
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	118,641,000	118,605,000
Construction - commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	62,994,000	49,136,000
Land acquisition and development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	28,400,000	37,537,000
Builder lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	30,787,000	34,538,000
Construction - consumer real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	12,046,000	10,539,000
Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	290,325,000	266,267,000
Less allowance for credit losses		(2,622,000)	(2,670,000)	(2,660,000)
Equity lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	48,027,000	43,300,000
Less allowance for credit losses		(497,000)	(535,000)	(593,000)
Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	9,867,000	8,938,000
Amount included related to demand deposit overdrafts	207,000	284,000
Consumer finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	471,175,000
Less allowance for credit losses	(24,389,000)	(25,969,000)	$ (26,262,000)	$ (24,791,000)
Consumer finance \| Automobiles
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	403,154,000	411,112,000
Consumer finance \| Marine and recreational vehicles
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	$ 68,021,000	$ 63,445,000

Loans - Loan Portfolio by Class

Loans - Loan Portfolio by Class (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	$ 1,717,729,000	$ 1,635,718,000
90+ Days Past Due and Accruing	440,000
Loans on nonaccrual status	1,376,000	1,189,000
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	14,383,000
Loans on nonaccrual status	9,000
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	2,231,000
90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	1,666,000
Loans on nonaccrual status	1,230,000
Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	18,280,000
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	1,699,449,000
Loans on nonaccrual status	141,000
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	645,467,000	592,301,000
90+ Days Past Due and Accruing	160,000
Loans on nonaccrual status	264,000
Commercial real estate \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	614,000
Commercial real estate \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	424,000
Commercial real estate \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	1,038,000
Commercial real estate \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	644,429,000
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	118,641,000	118,605,000
Commercial business \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	52,000
Commercial business \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	30,000
Commercial business \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	82,000
Commercial business \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	118,559,000
Construction - commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	62,994,000	49,136,000
Construction - commercial real estate \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	62,994,000
Land acquisition and development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	28,400,000	37,537,000
Land acquisition and development \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	28,400,000
Builder lines
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	30,787,000	34,538,000
Builder lines \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	30,787,000
Construction - consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	12,046,000	10,539,000
Construction - consumer real estate \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	282,000
Construction - consumer real estate \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	282,000
Construction - consumer real estate \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	11,764,000
Residential mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	290,325,000	266,267,000
90+ Days Past Due and Accruing	280,000
Loans on nonaccrual status	141,000	156,000
Residential mortgage \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	633,000
Residential mortgage \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	71,000
Residential mortgage \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	280,000
Residential mortgage \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	984,000
Residential mortgage \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	289,341,000
Equity lines
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	48,027,000	43,300,000
Loans on nonaccrual status	60,000	108,000
Equity lines \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	268,000
Equity lines \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	9,000
Equity lines \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	51,000
Equity lines \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	328,000
Equity lines \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	47,699,000
Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	9,867,000	8,938,000
Other consumer \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	9,867,000
Consumer finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	471,175,000
Consumer finance \| Automobiles
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	403,154,000	411,112,000
Loans on nonaccrual status	831,000	842,000
Consumer finance \| Automobiles \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	12,233,000
Consumer finance \| Automobiles \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	2,121,000
Consumer finance \| Automobiles \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	831,000
Consumer finance \| Automobiles \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	15,185,000
Consumer finance \| Automobiles \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	387,969,000
Consumer finance \| Marine and recreational vehicles
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	68,021,000	63,445,000
Loans on nonaccrual status	80,000	$ 83,000
Consumer finance \| Marine and recreational vehicles \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	301,000
Consumer finance \| Marine and recreational vehicles \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	80,000
Consumer finance \| Marine and recreational vehicles \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	381,000
Consumer finance \| Marine and recreational vehicles \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	$ 67,640,000

Loans - Amortized cost basis of

Loans - Amortized cost basis of loans on nonaccrual status (Details) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Dec. 31, 2022
Interest income on loans on nonaccrual status		$ 0
Reversal of interest income upon placing loans on nonaccrual status	$ 0	14,000
Loans on nonaccrual status	1,376,000	1,376,000	$ 1,189,000
Commercial real estate
Loans on nonaccrual status	264,000	264,000
Residential mortgage
Loans on nonaccrual status	141,000	141,000	156,000
Equity lines
Loans on nonaccrual status	60,000	60,000	108,000
Consumer finance \| Automobiles
Loans on nonaccrual status	831,000	831,000	842,000
Consumer finance \| Marine and recreational vehicles
Loans on nonaccrual status	$ 80,000	$ 80,000	$ 83,000

Loans - Loan Modifications (Det

Loans - Loan Modifications (Details) - USD ($)	3 Months Ended	9 Months Ended
Loans - Loan Modifications (Details) - USD ($)	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average interest rate of modified financing receivables	0.75%	0.75%
Weighted average extension term of modified financing receivables	2 years 6 months		2 years 7 months 6 days
Payment defaults of modified loans were modified during the previous twelve months	0	0
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average interest rate of modified financing receivables	0.75%	0.75%
Weighted average extension term of modified financing receivables	2 years		2 years 1 month 6 days
Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average extension term of modified financing receivables	10 years		10 years

Loans - Amortized cost basis _2

Loans - Amortized cost basis of loans (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023
Financing Receivable, Modifications [Line Items]
Amortized Cost	$ 1,040	$ 1,085
% of Total Class of Financing Receivable	0.10%	0.10%
Term Extension
Financing Receivable, Modifications [Line Items]
Amortized Cost	$ 1,040	$ 1,040
Interest Rate Reduction
Financing Receivable, Modifications [Line Items]
Amortized Cost		45
Commercial real estate \| Term Extension
Financing Receivable, Modifications [Line Items]
Amortized Cost	$ 969	$ 969
% of Total Class of Financing Receivable	0.20%	0.20%
Commercial real estate \| Interest Rate Reduction
Financing Receivable, Modifications [Line Items]
Amortized Cost		$ 45
% of Total Class of Financing Receivable		0%
Residential mortgage \| Term Extension
Financing Receivable, Modifications [Line Items]
Amortized Cost	$ 71	$ 71
% of Total Class of Financing Receivable	0%	0%

Loans - Loans Acquired (Details

Loans - Loans Acquired (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Loans
Outstanding principal balance	$ 42,679
Carrying amount
Total acquired loans	38,867
Residential mortgage
Carrying amount
Total acquired loans	8,887
Commercial, Financial & Agricultural
Carrying amount
Total acquired loans	24,137
Equity lines
Carrying amount
Total acquired loans	5,062
Consumer
Carrying amount
Total acquired loans	781
PCI Loans
Loans
Outstanding principal balance	4,522
Carrying amount
Total acquired loans	1,455
PCI Loans \| Residential mortgage
Carrying amount
Total acquired loans	300
PCI Loans \| Commercial, Financial & Agricultural
Carrying amount
Total acquired loans	1,114
PCI Loans \| Equity lines
Carrying amount
Total acquired loans	15
PCI Loans \| Consumer
Carrying amount
Total acquired loans	26
Purchased Performing
Loans
Outstanding principal balance	38,157
Carrying amount
Total acquired loans	37,412
Purchased Performing \| Residential mortgage
Carrying amount
Total acquired loans	8,587
Purchased Performing \| Commercial, Financial & Agricultural
Carrying amount
Total acquired loans	23,023
Purchased Performing \| Equity lines
Carrying amount
Total acquired loans	5,047
Purchased Performing \| Consumer
Carrying amount
Total acquired loans	$ 755

Loans - Change in Accretable Yi

Loans - Change in Accretable Yield (Details) - PCI Loans $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Change in the accretable yield
Accretable yield, balance at beginning of period	$ 3,111
Accretion	(1,270)
Reclassification of nonaccretable difference due to improvement in expected cash flows	1,603
Other changes, net	178
Accretable yield, balance at end of period	$ 3,622

Loans - Past Due Status (Detail

Loans - Past Due Status (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Past due status of loans
Total loans	$ 1,635,718
90+ days past due and accruing	191
Current, nonaccrual status	244,000,000
Nonaccrual loans, 90+ days past due	945
PCI
Past due status of loans
Total loans	1,455
30-59 Days Past Due
Past due status of loans
Total loans	12,329
60-89 Days Past Due
Past due status of loans
Total loans	2,097
90+ Days Past Due
Past due status of loans
Total loans	1,136
Total Past Due
Past due status of loans
Total loans	15,562
Current
Past due status of loans
Total loans	1,618,701
Residential mortgage
Past due status of loans
Total loans	266,267
Residential mortgage \| PCI
Past due status of loans
Total loans	300
Residential mortgage \| 30-59 Days Past Due
Past due status of loans
Total loans	1,649
Residential mortgage \| 60-89 Days Past Due
Past due status of loans
Total loans	452
Residential mortgage \| 90+ Days Past Due
Past due status of loans
Total loans	20
Residential mortgage \| Total Past Due
Past due status of loans
Total loans	2,121
Residential mortgage \| Current
Past due status of loans
Total loans	263,846
Real Estate Construction
Past due status of loans
Total loans	59,675
Construction - commercial real estate
Past due status of loans
Total loans	49,136
Construction - commercial real estate \| Current
Past due status of loans
Total loans	49,136
Construction - consumer real estate
Past due status of loans
Total loans	10,539
Construction - consumer real estate \| Current
Past due status of loans
Total loans	10,539
Commercial real estate
Past due status of loans
Total loans	592,301
Commercial real estate \| PCI
Past due status of loans
Total loans	1,114
Commercial real estate \| Current
Past due status of loans
Total loans	591,187
Land acquisition and development
Past due status of loans
Total loans	37,537
Land acquisition and development \| Current
Past due status of loans
Total loans	37,537
Builder lines
Past due status of loans
Total loans	34,538
Builder lines \| Current
Past due status of loans
Total loans	34,538
Commercial business
Past due status of loans
Total loans	118,605
Commercial business \| 60-89 Days Past Due
Past due status of loans
Total loans	1
Commercial business \| Total Past Due
Past due status of loans
Total loans	1
Commercial business \| Current
Past due status of loans
Total loans	118,604
Equity lines
Past due status of loans
Total loans	43,300
Equity lines \| PCI
Past due status of loans
Total loans	15
Equity lines \| 60-89 Days Past Due
Past due status of loans
Total loans	39
Equity lines \| Total Past Due
Past due status of loans
Total loans	39
Equity lines \| Current
Past due status of loans
Total loans	43,246
Other consumer
Past due status of loans
Total loans	8,938
90+ days past due and accruing	191
Other consumer \| PCI
Past due status of loans
Total loans	26
Other consumer \| 30-59 Days Past Due
Past due status of loans
Total loans	9
Other consumer \| 90+ Days Past Due
Past due status of loans
Total loans	191
Other consumer \| Total Past Due
Past due status of loans
Total loans	200
Other consumer \| Current
Past due status of loans
Total loans	8,712
Consumer finance
Past due status of loans
Total loans	474,557
Consumer finance \| Automobiles
Past due status of loans
Total loans	411,112
Consumer finance \| Automobiles \| 30-59 Days Past Due
Past due status of loans
Total loans	10,557
Consumer finance \| Automobiles \| 60-89 Days Past Due
Past due status of loans
Total loans	1,570
Consumer finance \| Automobiles \| 90+ Days Past Due
Past due status of loans
Total loans	842
Consumer finance \| Automobiles \| Total Past Due
Past due status of loans
Total loans	12,969
Consumer finance \| Automobiles \| Current
Past due status of loans
Total loans	398,143
Consumer finance \| Marine and recreational vehicles
Past due status of loans
Total loans	63,445
Consumer finance \| Marine and recreational vehicles \| 30-59 Days Past Due
Past due status of loans
Total loans	114
Consumer finance \| Marine and recreational vehicles \| 60-89 Days Past Due
Past due status of loans
Total loans	35
Consumer finance \| Marine and recreational vehicles \| 90+ Days Past Due
Past due status of loans
Total loans	83
Consumer finance \| Marine and recreational vehicles \| Total Past Due
Past due status of loans
Total loans	232
Consumer finance \| Marine and recreational vehicles \| Current
Past due status of loans
Total loans	$ 63,213

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructurings (Details)	3 Months Ended		9 Months Ended
Loans - Troubled Debt Restructurings (Details)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($) loan	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($) loan
Loan modifications classified as troubled debt restructurings
Number of Loans \| loan		0		0
Post-Modification Recorded Investment (in Dollars)	$ 1,040,000		$ 1,085,000
Recorded Investment, TDR payment defaults		$ 0		$ 0
Interest rate concession
Loan modifications classified as troubled debt restructurings
Post-Modification Recorded Investment (in Dollars)			$ 45,000

Loans - Impaired Loans (Details

Loans - Impaired Loans (Details)	12 Months Ended
Loans - Impaired Loans (Details)	Dec. 31, 2022 USD ($)
Impaired loans
Impaired loans, troubled debt restructurings	$ 823,000
Impaired loans, Unpaid Principal Balance	823,000
Impaired loans, Recorded Investment in Loans without Specific Reserve	62,000
Impaired loans, Recorded Investment in Loans with Specific Reserve	761,000
Impaired loans, Related Allowance	51,000
Impaired loans, Average Balance	834,000
Impaired loans, Interest Income Recognized	37,000
Residential mortgage
Impaired loans
Impaired loans, Unpaid Principal Balance	797,000
Impaired loans, Recorded Investment in Loans without Specific Reserve	36,000
Impaired loans, Recorded Investment in Loans with Specific Reserve	761,000
Impaired loans, Related Allowance	51,000
Impaired loans, Average Balance	806,000
Impaired loans, Interest Income Recognized	35,000
Equity lines
Impaired loans
Impaired loans, Unpaid Principal Balance	26,000
Impaired loans, Recorded Investment in Loans without Specific Reserve	26,000
Impaired loans, Average Balance	28,000
Impaired loans, Interest Income Recognized	$ 2,000

Allowance for Credit Losses - L

Allowance for Credit Losses - Loan Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Allowance for credit losses activity by loan portfolio
Beginning balance			$ 40,518	$ 40,157
Provision charged to operations	$ 2,100	$ 1,200	5,451	1,402
Loans charged off			(9,562)
Recoveries of loans previously charged off			3,350
Ending balance	40,248	40,880	40,248	40,880
Impact of ASC 326 \| Accounting Standards Update 2016-13
Allowance for credit losses activity by loan portfolio
Beginning balance			491
Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Beginning balance			(113)
Impact of ASC 326 \| Accounting Standards Update 2016-13 \| PCD loans
Allowance for credit losses activity by loan portfolio
Beginning balance			604
Commercial
Allowance for credit losses activity by loan portfolio
Beginning balance			11,219
Provision charged to operations			839
Loans charged off			(16)
Recoveries of loans previously charged off			144
Ending balance	12,164		12,164
Commercial \| Impact of ASC 326 \| Accounting Standards Update 2016-13
Allowance for credit losses activity by loan portfolio
Beginning balance			(22)
Commercial \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Beginning balance			(617)
Commercial \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| PCD loans
Allowance for credit losses activity by loan portfolio
Beginning balance			595
Consumer
Allowance for credit losses activity by loan portfolio
Beginning balance			3,330
Provision charged to operations			362
Loans charged off			(240)
Recoveries of loans previously charged off			136
Ending balance	3,695		3,695
Consumer \| Impact of ASC 326 \| Accounting Standards Update 2016-13
Allowance for credit losses activity by loan portfolio
Beginning balance			107
Consumer \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Beginning balance			98
Consumer \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| PCD loans
Allowance for credit losses activity by loan portfolio
Beginning balance			9
Consumer finance
Allowance for credit losses activity by loan portfolio
Beginning balance			25,969	24,791
Provision charged to operations			4,250
Loans charged off			(9,306)
Recoveries of loans previously charged off			3,070
Ending balance	$ 24,389	$ 26,262	24,389	$ 26,262
Consumer finance \| Impact of ASC 326 \| Accounting Standards Update 2016-13
Allowance for credit losses activity by loan portfolio
Beginning balance			406
Consumer finance \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Beginning balance			$ 406

Allowance for Credit Losses - P

Allowance for Credit Losses - Provision for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Allowance for Credit Losses
Provision for loans	$ 2,100	$ 1,200	$ 5,451	$ 1,402
Provision for unfunded commitments	(50)		349
Total	$ 2,050	$ 1,200	$ 5,800	$ 1,402

Allowance for Credit Losses -_2

Allowance for Credit Losses - Loan Rating and Year of Origination (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Term Loans Amortized Cost Basis by Origination Year
Loans, gross	$ 1,717,729	$ 1,635,718
Commercial and consumer loan portfolio
Term Loans Amortized Cost Basis by Origination Year
2023	181,150
2022	292,353
2021	244,422
2020	182,788
2019	66,451
Prior	212,401
Revolving Loans Recorded Balance	66,432
Loans, gross	1,246,554
Revolving Loans Converted to Term	557
Commercial and consumer loan portfolio \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	181,085
2022	292,353
2021	238,655
2020	182,684
2019	66,446
Prior	210,548
Revolving Loans Recorded Balance	66,432
Loans, gross	1,238,709
Revolving Loans Converted to Term	506
Commercial and consumer loan portfolio \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2023	65
2021	5,767
Prior	1,061
Loans, gross	6,893
Commercial and consumer loan portfolio \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2020	104
2019	5
Prior	378
Loans, gross	487
Commercial and consumer loan portfolio \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
Prior	414
Loans, gross	465
Revolving Loans Converted to Term	51
Commercial real estate
Term Loans Amortized Cost Basis by Origination Year
2023	64,729
2022	124,701
2021	161,745
2020	107,937
2019	38,611
Prior	147,625
Loans, gross	645,467	592,301
Revolving Loans Converted to Term	119
Commercial real estate \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	64,729
2022	124,701
2021	155,982
2020	107,937
2019	38,611
Prior	146,396
Loans, gross	638,475
Revolving Loans Converted to Term	119
Commercial real estate \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2021	5,763
Prior	965
Loans, gross	6,728
Commercial real estate \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
Prior	264
Loans, gross	264
Commercial business
Term Loans Amortized Cost Basis by Origination Year
2023	17,382
2022	19,330
2021	18,728
2020	14,045
2019	15,376
Prior	14,196
Revolving Loans Recorded Balance	19,496
Loans, gross	118,641	118,605
Revolving Loans Converted to Term	88
Commercial business \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	17,317
2022	19,330
2021	18,728
2020	14,045
2019	15,376
Prior	14,196
Revolving Loans Recorded Balance	19,496
Loans, gross	118,576
Revolving Loans Converted to Term	88
Commercial business \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2023	65
Loans, gross	65
Construction - commercial real estate
Term Loans Amortized Cost Basis by Origination Year
2023	23,177
2022	30,632
2021	1,150
2020	8,035
Loans, gross	62,994	49,136
Construction - commercial real estate \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	23,177
2022	30,632
2021	1,150
2020	8,035
Loans, gross	62,994
Land acquisition and development
Term Loans Amortized Cost Basis by Origination Year
2023	1,049
2022	6,062
2021	10,969
2020	9,992
Prior	328
Loans, gross	28,400	37,537
Land acquisition and development \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	1,049
2022	6,062
2021	10,969
2020	9,992
Prior	328
Loans, gross	28,400
Builder lines
Term Loans Amortized Cost Basis by Origination Year
2023	16,390
2022	9,202
2021	4,585
2019	404
Revolving Loans Recorded Balance	206
Loans, gross	30,787	34,538
Builder lines \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	16,390
2022	9,202
2021	4,585
2019	404
Revolving Loans Recorded Balance	206
Loans, gross	30,787
Construction - consumer real estate
Term Loans Amortized Cost Basis by Origination Year
2023	5,543
2022	5,735
2021	768
Loans, gross	12,046	10,539
Construction - consumer real estate \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	5,543
2022	5,735
2021	768
Loans, gross	12,046
Residential mortgage
Term Loans Amortized Cost Basis by Origination Year
2023	48,024
2022	93,630
2021	45,725
2020	42,380
2019	11,828
Prior	48,738
Loans, gross	290,325	266,267
Residential mortgage \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	48,024
2022	93,630
2021	45,721
2020	42,276
2019	11,828
Prior	48,123
Loans, gross	289,602
Residential mortgage \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2021	4
Prior	96
Loans, gross	100
Residential mortgage \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2020	104
Prior	378
Loans, gross	482
Residential mortgage \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
Prior	141
Loans, gross	141
Equity lines
Term Loans Amortized Cost Basis by Origination Year
2021	35
2020	70
2019	5
Prior	887
Revolving Loans Recorded Balance	46,680
Loans, gross	48,027	43,300
Revolving Loans Converted to Term	350
Equity lines \| Pass
Term Loans Amortized Cost Basis by Origination Year
2021	35
2020	70
Prior	878
Revolving Loans Recorded Balance	46,680
Loans, gross	47,962
Revolving Loans Converted to Term	299
Equity lines \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2019	5
Loans, gross	5
Equity lines \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
Prior	9
Loans, gross	60
Revolving Loans Converted to Term	51
Other consumer
Term Loans Amortized Cost Basis by Origination Year
2023	4,856
2022	3,061
2021	717
2020	329
2019	227
Prior	627
Revolving Loans Recorded Balance	50
Loans, gross	9,867	$ 8,938
Other consumer \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	4,856
2022	3,061
2021	717
2020	329
2019	227
Prior	627
Revolving Loans Recorded Balance	50
Loans, gross	$ 9,867

Allowance for Credit Losses - C

Allowance for Credit Losses - Credit Rating and Year of Origination (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Term Loans Amortized Cost Basis by Origination Year
Loans, gross	$ 1,717,729	$ 1,635,718
Consumer finance
Term Loans Amortized Cost Basis by Origination Year
2023	114,376
2022	194,595
2021	96,833
2020	35,735
2019	18,888
Prior	10,748
Loans, gross	471,175
Consumer finance \| Very good
Term Loans Amortized Cost Basis by Origination Year
2023	14,289
2022	29,429
2021	15,195
2020	11,556
2019	2,992
Prior	2,590
Loans, gross	76,051
Consumer finance \| Good
Term Loans Amortized Cost Basis by Origination Year
2023	33,772
2022	54,934
2021	18,923
2020	5,374
2019	1,816
Prior	922
Loans, gross	115,741
Consumer finance \| Fairly good
Term Loans Amortized Cost Basis by Origination Year
2023	36,520
2022	60,243
2021	29,565
2020	7,099
2019	4,816
Prior	2,099
Loans, gross	140,342
Consumer finance \| Fair
Term Loans Amortized Cost Basis by Origination Year
2023	24,257
2022	40,299
2021	24,503
2020	7,973
2019	5,854
Prior	2,676
Loans, gross	105,562
Consumer finance \| Marginal
Term Loans Amortized Cost Basis by Origination Year
2023	5,538
2022	9,690
2021	8,647
2020	3,733
2019	3,410
Prior	2,461
Loans, gross	33,479
Consumer finance \| Automobiles
Term Loans Amortized Cost Basis by Origination Year
2023	100,692
2022	170,316
2021	84,792
2020	23,857
2019	15,809
Prior	7,688
Loans, gross	403,154	411,112
Consumer finance \| Automobiles \| Very good
Term Loans Amortized Cost Basis by Origination Year
2023	7,814
2022	13,655
2021	4,904
2020	1,170
2019	338
Prior	34
Loans, gross	27,915
Consumer finance \| Automobiles \| Good
Term Loans Amortized Cost Basis by Origination Year
2023	26,830
2022	46,654
2021	17,211
2020	3,913
2019	1,391
Prior	456
Loans, gross	96,455
Consumer finance \| Automobiles \| Fairly good
Term Loans Amortized Cost Basis by Origination Year
2023	36,253
2022	60,018
2021	29,527
2020	7,068
2019	4,816
Prior	2,061
Loans, gross	139,743
Consumer finance \| Automobiles \| Fair
Term Loans Amortized Cost Basis by Origination Year
2023	24,257
2022	40,299
2021	24,503
2020	7,973
2019	5,854
Prior	2,676
Loans, gross	105,562
Consumer finance \| Automobiles \| Marginal
Term Loans Amortized Cost Basis by Origination Year
2023	5,538
2022	9,690
2021	8,647
2020	3,733
2019	3,410
Prior	2,461
Loans, gross	33,479
Consumer finance \| Marine and recreational vehicles
Term Loans Amortized Cost Basis by Origination Year
2023	13,684
2022	24,279
2021	12,041
2020	11,878
2019	3,079
Prior	3,060
Loans, gross	68,021	$ 63,445
Consumer finance \| Marine and recreational vehicles \| Very good
Term Loans Amortized Cost Basis by Origination Year
2023	6,475
2022	15,774
2021	10,291
2020	10,386
2019	2,654
Prior	2,556
Loans, gross	48,136
Consumer finance \| Marine and recreational vehicles \| Good
Term Loans Amortized Cost Basis by Origination Year
2023	6,942
2022	8,280
2021	1,712
2020	1,461
2019	425
Prior	466
Loans, gross	19,286
Consumer finance \| Marine and recreational vehicles \| Fairly good
Term Loans Amortized Cost Basis by Origination Year
2023	267
2022	225
2021	38
2020	31
Prior	38
Loans, gross	$ 599

Allowance for Credit Losses - G

Allowance for Credit Losses - Gross Charge-offs of loans by Year of Origination (Details)	9 Months Ended
	Sep. 30, 2023 USD ($)
Current Period Gross Charge-offs by Origination Year
2023	$ 689,000
2022	4,519,000
2021	2,628,000
2020	626,000
2019	485,000
Prior	615,000
Total	9,562,000
Collateral dependent loans	0
Demand deposit overdrafts
Current Period Gross Charge-offs by Origination Year
2023	199,000
Commercial real estate
Current Period Gross Charge-offs by Origination Year
2022	16,000
Total	16,000
Equity lines
Current Period Gross Charge-offs by Origination Year
Prior	8,000
Total	8,000
Other consumer
Current Period Gross Charge-offs by Origination Year
2023	199,000
2022	25,000
2020	3,000
2019	2,000
Prior	3,000
Total	232,000
Consumer finance
Current Period Gross Charge-offs by Origination Year
Total	9,306,000
Consumer finance \| Automobiles
Current Period Gross Charge-offs by Origination Year
2023	490,000
2022	4,396,000
2021	2,628,000
2020	583,000
2019	477,000
Prior	567,000
Total	9,141,000
Consumer finance \| Marine and recreational vehicles
Current Period Gross Charge-offs by Origination Year
2022	82,000
2020	40,000
2019	6,000
Prior	37,000
Total	$ 165,000

Allowance for Credit Losses -_3

Allowance for Credit Losses - Change in Allowance for Loan Losses (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Allowance balance attributable to loans:
Beginning balance	$ 40,157
Provision charged to operations	1,402
Loans charged off	(4,319)
Recoveries of loans previously charged off	3,640
Ending balance	40,880
Residential mortgage
Allowance balance attributable to loans:
Beginning balance	2,660
Provision charged to operations	(6)
Recoveries of loans previously charged off	16
Ending balance	2,670
Real Estate Construction
Allowance balance attributable to loans:
Beginning balance	856
Provision charged to operations	(62)
Ending balance	794
Commercial, Financial & Agricultural
Allowance balance attributable to loans:
Beginning balance	11,085
Provision charged to operations	(623)
Loans charged off	(11)
Recoveries of loans previously charged off	13
Ending balance	10,464
Equity lines
Allowance balance attributable to loans:
Beginning balance	593
Provision charged to operations	(60)
Recoveries of loans previously charged off	2
Ending balance	535
Consumer
Allowance balance attributable to loans:
Beginning balance	172
Provision charged to operations	83
Loans charged off	(193)
Recoveries of loans previously charged off	93
Ending balance	155
Consumer finance
Allowance balance attributable to loans:
Beginning balance	24,791
Provision charged to operations	2,070
Loans charged off	(4,115)
Recoveries of loans previously charged off	3,516
Ending balance	$ 26,262

Allowance for Credit Losses - A

Allowance for Credit Losses - Allowance and Loans by Impairment Methodology (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Allowance balance attributable to loans:
Individually evaluated for impairment		$ 51
Collectively evaluated for impairment		40,467
Total allowance	$ 40,248	40,518	$ 40,880	$ 40,157
Loans:
Individually evaluated for impairment		823
Collectively evaluated for impairment		1,633,440
Acquired loans - PCI		1,455
Total Loans		1,635,718
Residential mortgage
Allowance balance attributable to loans:
Individually evaluated for impairment		51
Collectively evaluated for impairment		2,571
Total allowance		2,622	2,670	2,660
Loans:
Individually evaluated for impairment		797
Collectively evaluated for impairment		265,170
Acquired loans - PCI		300
Total Loans		266,267
Real Estate Construction
Allowance balance attributable to loans:
Collectively evaluated for impairment		788
Total allowance		788	794	856
Loans:
Collectively evaluated for impairment		59,675
Total Loans		59,675
Commercial, Financial & Agricultural
Allowance balance attributable to loans:
Collectively evaluated for impairment		10,431
Total allowance		10,431	10,464	11,085
Loans:
Collectively evaluated for impairment		781,867
Acquired loans - PCI		1,114
Total Loans		782,981
Equity lines
Allowance balance attributable to loans:
Collectively evaluated for impairment		497
Total allowance		497	535	593
Loans:
Individually evaluated for impairment		26
Collectively evaluated for impairment		43,259
Acquired loans - PCI		15
Total Loans		43,300
Consumer
Allowance balance attributable to loans:
Collectively evaluated for impairment		211
Total allowance		211	155	172
Loans:
Collectively evaluated for impairment		8,912
Acquired loans - PCI		26
Total Loans		8,938
Consumer finance
Allowance balance attributable to loans:
Collectively evaluated for impairment		25,969
Total allowance	$ 24,389	25,969	$ 26,262	$ 24,791
Loans:
Collectively evaluated for impairment		474,557
Total Loans		$ 474,557

Allowance for Credit Losses -_4

Allowance for Credit Losses - Credit Quality Indicators (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Allowance for loan losses
Loans, excluding consumer finance	$ 1,161,161
Pass
Allowance for loan losses
Loans, excluding consumer finance	1,152,847
Special Mention
Allowance for loan losses
Loans, excluding consumer finance	1,487
Substandard
Allowance for loan losses
Loans, excluding consumer finance	6,563
Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	264
Doubtful
Allowance for loan losses
Loans, excluding consumer finance	0
Residential mortgage
Allowance for loan losses
Loans, excluding consumer finance	266,267
Residential mortgage \| Pass
Allowance for loan losses
Loans, excluding consumer finance	264,891
Residential mortgage \| Special Mention
Allowance for loan losses
Loans, excluding consumer finance	518
Residential mortgage \| Substandard
Allowance for loan losses
Loans, excluding consumer finance	702
Residential mortgage \| Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	156
Construction - commercial real estate
Allowance for loan losses
Loans, excluding consumer finance	49,136
Construction - commercial real estate \| Pass
Allowance for loan losses
Loans, excluding consumer finance	49,136
Construction - consumer real estate
Allowance for loan losses
Loans, excluding consumer finance	10,539
Construction - consumer real estate \| Pass
Allowance for loan losses
Loans, excluding consumer finance	10,539
Commercial real estate
Allowance for loan losses
Loans, excluding consumer finance	592,301
Commercial real estate \| Pass
Allowance for loan losses
Loans, excluding consumer finance	585,707
Commercial real estate \| Special Mention
Allowance for loan losses
Loans, excluding consumer finance	738
Commercial real estate \| Substandard
Allowance for loan losses
Loans, excluding consumer finance	5,856
Land acquisition and development
Allowance for loan losses
Loans, excluding consumer finance	37,537
Land acquisition and development \| Pass
Allowance for loan losses
Loans, excluding consumer finance	37,537
Builder lines
Allowance for loan losses
Loans, excluding consumer finance	34,538
Builder lines \| Pass
Allowance for loan losses
Loans, excluding consumer finance	34,538
Commercial business
Allowance for loan losses
Loans, excluding consumer finance	118,605
Commercial business \| Pass
Allowance for loan losses
Loans, excluding consumer finance	118,605
Equity lines
Allowance for loan losses
Loans, excluding consumer finance	43,300
Equity lines \| Pass
Allowance for loan losses
Loans, excluding consumer finance	43,147
Equity lines \| Special Mention
Allowance for loan losses
Loans, excluding consumer finance	40
Equity lines \| Substandard
Allowance for loan losses
Loans, excluding consumer finance	5
Equity lines \| Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	108
Other consumer
Allowance for loan losses
Loans, excluding consumer finance	8,938
Other consumer \| Pass
Allowance for loan losses
Loans, excluding consumer finance	8,747
Other consumer \| Special Mention
Allowance for loan losses
Loans, excluding consumer finance	$ 191

Allowance for Credit Losses -_5

Allowance for Credit Losses - Loans by Credit Quality Indicators - Performing and Non-Performing (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Allowance for loan losses
Loans	$ 1,635,718
Consumer finance
Allowance for loan losses
Loans	474,557
Consumer finance \| Performing
Allowance for loan losses
Loans	473,632
Consumer finance \| Non-performing
Allowance for loan losses
Loans	925
Consumer finance \| Automobiles
Allowance for loan losses
Loans	411,112
Consumer finance \| Automobiles \| Performing
Allowance for loan losses
Loans	410,270
Consumer finance \| Automobiles \| Non-performing
Allowance for loan losses
Loans	842
Consumer finance \| Marine and recreational vehicles
Allowance for loan losses
Loans	63,445
Consumer finance \| Marine and recreational vehicles \| Performing
Allowance for loan losses
Loans	63,362
Consumer finance \| Marine and recreational vehicles \| Non-performing
Allowance for loan losses
Loans	$ 83

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Goodwill and Other Intangible Assets
Goodwill	$ 25,191		$ 25,191
Changes in the recorded balance of goodwill	$ 0	$ 0

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	$ 3,116	$ 3,116
Accumulated Amortization	(1,641)	(1,437)
Other intangible assets, net	1,475	1,679
Core deposit intangibles
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,711	1,711
Accumulated Amortization	(557)	(464)
Other amortizable intangibles
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,405	1,405
Accumulated Amortization	$ (1,084)	$ (973)

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets - Amortization (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Other Intangible Assets
Amortization of intangible assets	$ 68,000	$ 75,000	$ 204,000	$ 224,000

Equity, Other Comprehensive I_3

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Equity and Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 01, 2022
Shareholders' Equity
Shares repurchased (in shares)		34,262		66,143
Cost of shares repurchased		$ 1,690		$ 3,300
Number of shares withheld from employees to satisfy tax withholding obligations			7,765	4,503
Share Repurchase Program 2022
Shareholders' Equity
Stock repurchase program, authorized amount					$ 10,000
Cost of shares repurchased	$ 1,310		$ 5,850
Remaining shares amount available for repurchases	$ 3,700		$ 3,700

Equity, Other Comprehensive I_4

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Changes in Accumulated Other Comprehensive Loss, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Balance, beginning of the period			$ (36,958)
Other comprehensive loss, net of tax	$ (5,668)	$ (14,795)	(4,116)	$ (38,233)
Balance, end of period	(41,074)		(41,074)
Accumulated Other Comprehensive Loss, Net
Balance, beginning of the period	(35,406)	(25,525)	(36,958)	(2,087)
Other comprehensive (loss) income arising during the period	(7,190)	(18,665)	(5,282)	(48,207)
Related income tax effects	1,503	3,876	1,105	9,995
Other comprehensive income (loss) arising during the period, net of tax	(5,687)	(14,789)	(4,177)	(38,212)
Reclassifications into net income	24	(8)	77	(27)
Related income tax effects	(5)	2	(16)	6
Reclassifications into net income, net of tax	19	(6)	61	(21)
Other comprehensive loss, net of tax	(5,668)	(14,795)	(4,116)	(38,233)
Balance, end of period	(41,074)	(40,320)	(41,074)	(40,320)
Securities Available For Sale
Balance, beginning of the period	(33,635)	(24,333)	(35,184)	437
Other comprehensive (loss) income arising during the period	(7,369)	(19,547)	(5,413)	(50,902)
Related income tax effects	1,548	4,104	1,137	10,689
Other comprehensive income (loss) arising during the period, net of tax	(5,821)	(15,443)	(4,276)	(40,213)
Reclassifications into net income			5
Related income tax effects			(1)
Reclassifications into net income, net of tax			4
Other comprehensive loss, net of tax	(5,821)	(15,443)	(4,272)	(40,213)
Balance, end of period	(39,456)	(39,776)	(39,456)	(39,776)
Defined Benefit Plan
Balance, beginning of the period	(3,195)	(2,067)	(3,236)	(2,055)
Reclassifications into net income	25	(7)	77	(22)
Related income tax effects	(5)	2	(16)	5
Reclassifications into net income, net of tax	20	(5)	61	(17)
Other comprehensive loss, net of tax	20	(5)	61	(17)
Balance, end of period	(3,175)	(2,072)	(3,175)	(2,072)
Cash Flow Hedges
Balance, beginning of the period	1,424	875	1,462	(469)
Other comprehensive (loss) income arising during the period	179	882	131	2,695
Related income tax effects	(45)	(228)	(32)	(694)
Other comprehensive income (loss) arising during the period, net of tax	134	654	99	2,001
Reclassifications into net income	(1)	(1)	(5)	(5)
Related income tax effects			1	1
Reclassifications into net income, net of tax	(1)	(1)	(4)	(4)
Other comprehensive loss, net of tax	133	653	95	1,997
Balance, end of period	$ 1,557	$ 1,528	$ 1,557	$ 1,528

Equity, Other Comprehensive I_5

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Reclassification of Accumulated Other Comprehensive Loss, Net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Net losses on sales, maturities and calls of available for sale securities			$ (5)
Noninterest expenses - Other	$ 6,467	$ 6,705	19,408	$ 19,192
Interest expense - Trust preferred capital notes	301	294	890	867
Income tax expense	1,323	1,675	4,309	5,144
Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	(19)	6	(61)	21
Securities Available For Sale \| Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income			(4)
Reclassification of net realized gains into net income \| Reclassifications from accumulated other comprehensive loss into net income
Net losses on sales, maturities and calls of available for sale securities			(5)
Related income tax effects \| Reclassifications from accumulated other comprehensive loss into net income
Income tax expense			1
Defined Benefit Plan \| Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	(20)	5	(61)	17
Reclassification of recognized net actuarial losses into net income \| Reclassifications from accumulated other comprehensive loss into net income
Noninterest expenses - Other	(42)	(10)	(128)	(29)
Amortization of prior service credit into net income \| Reclassifications from accumulated other comprehensive loss into net income
Noninterest expenses - Other	17	17	51	51
Related income tax effects. \| Reclassifications from accumulated other comprehensive loss into net income
Income tax expense	5	(2)	16	(5)
Cash Flow Hedges \| Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	1	1	4	4
Amortization of hedging gains into net income \| Reclassifications from accumulated other comprehensive loss into net income
Interest expense - Trust preferred capital notes	$ 1	$ 1	5	5
Related income tax effects, \| Reclassifications from accumulated other comprehensive loss into net income
Income tax expense			$ (1)	$ (1)

Equity, Other Comprehensive I_6

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Earnings Per Share (EPS) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Components of earnings per share calculations
Net income attributable to C&F Financial Corporation	$ 5,789	$ 6,480	$ 18,536	$ 18,851
Weighted average shares outstanding-basic	3,391,624	3,511,326	3,426,845	3,531,064
Weighted average shares outstanding-diluted	3,391,624	3,511,326	3,426,845	3,531,064

Share-Based Plans - Restricted

Share-Based Plans - Restricted Stock Activity (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Shares
Nonvested, beginning of period (in shares)			145,677
Nonvested, end of period (in shares)	130,629		130,629
Restricted Stock
Shares
Nonvested, beginning of period (in shares)			145,677	140,577
Granted (in shares)			18,540	16,430
Vested (in shares)			(30,043)	(15,920)
Forfeited (in shares)			(3,545)	(2,930)
Nonvested, end of period (in shares)	130,629	138,157	130,629	138,157
Weighted-Average Grant Date Fair Value
Nonvested, beginning of period (in dollars per share)			$ 48.88	$ 48.57
Granted (in dollars per share)			57.32	50.56
Vested (in dollars per share)			51.53	50.95
Forfeited (in dollars per share)			49.37	48.23
Nonvested, end of period (in dollars per share)	$ 55.36	$ 48.54	$ 55.36	$ 48.54
Additional information
Compensation expense	$ 581,000	$ 524,000	$ 1,510,000	$ 1,530,000
Compensation expense after tax	412,000	$ 375,000	1,020,000	$ 1,090,000
Unrecognized compensation expense	$ 2,900,000		$ 2,900,000
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

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Other components of net periodic benefit cost:
Net periodic benefit cost			$ 692	$ 480
Cash Balance Plan \| C&F Bank
Components of net periodic benefit cost
Service cost, included in salaries and employee benefits	$ 344	$ 459	1,032	1,378
Other components of net periodic benefit cost:
Interest cost	$ 182	$ 123	$ 546	$ 369
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	Other Noninterest Expense
Expected return on plan assets	$ (321)	$ (415)	$ (963)	$ (1,245)
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	Other Noninterest Expense
Amortization of prior service credit	$ (17)	$ (17)	$ (51)	$ (51)
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	Other Noninterest Expense
Recognized net actuarial losses	$ 42	$ 10	$ 128	$ 29
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 Noninterest Expense
Other components of net periodic benefit cost, included in other noninterest expense	$ (114)	$ (299)	$ (340)	$ (898)
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	Other Noninterest Expense
Net periodic benefit cost	$ 230	$ 160	$ 692	$ 480

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Other investments (Details) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Fair Value of Assets and Liabilities
Fair value of investment in Other investments companies	$ 2,020,000		$ 2,020,000		$ 2,160,000
Unrealized gains or losses	(9,000)	$ (96,000)	136,000	$ (77,000)
Other income			3,630,000
Other income net of tax					$ 3,650,000
Unrealized gains from change in fair value of investments	$ 120,000		$ (20,000)

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	Sep. 30, 2023	Dec. 31, 2022
Securities available for sale
Securities available for sale	$ 460,653	$ 512,591
Interest rate swaps on loans \| Cash flow hedges
Securities available for sale
Derivatives	2,073	1,941
Recurring
Securities available for sale
Securities available for sale	460,653	512,591
Loans held for sale	25,469	14,259
Other investments	3,629	3,649
Total assets	499,519	539,159
Liabilities:
Total liabilities	7,132	6,328
Recurring \| Cash flow hedges
Securities available for sale
Derivatives	2,073	1,941
Recurring \| IRLC
Securities available for sale
Derivatives	563	391
Recurring \| Interest rate swaps on loans
Securities available for sale
Derivatives	7,132	6,328
Liabilities:
Derivatives	7,132	6,328
Level 2 \| Recurring
Securities available for sale
Securities available for sale	460,653	512,591
Loans held for sale	25,469	14,259
Other investments	3,629	3,649
Total assets	499,519	539,159
Liabilities:
Total liabilities	7,132	6,328
Level 2 \| Recurring \| Cash flow hedges
Securities available for sale
Derivatives	2,073	1,941
Level 2 \| Recurring \| IRLC
Securities available for sale
Derivatives	563	391
Level 2 \| Recurring \| Interest rate swaps on loans
Securities available for sale
Derivatives	7,132	6,328
Liabilities:
Derivatives	7,132	6,328
U.S. Treasury securities
Securities available for sale
Securities available for sale	51,394	58,833
U.S. Treasury securities \| Recurring
Securities available for sale
Securities available for sale	51,394	58,833
U.S. Treasury securities \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	51,394	58,833
U.S. government agencies and corporations
Securities available for sale
Securities available for sale	94,050	130,274
U.S. government agencies and corporations \| Recurring
Securities available for sale
Securities available for sale	94,050	130,274
U.S. government agencies and corporations \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	94,050	130,274
Mortgage-backed securities
Securities available for sale
Securities available for sale	160,315	179,918
Mortgage-backed securities \| Recurring
Securities available for sale
Securities available for sale	160,315	179,918
Mortgage-backed securities \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	160,315	179,918
Obligations of states and political subdivisions
Securities available for sale
Securities available for sale	134,165	120,827
Obligations of states and political subdivisions \| Recurring
Securities available for sale
Securities available for sale	134,165	120,827
Obligations of states and political subdivisions \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	134,165	120,827
Corporate and other debt securities
Securities available for sale
Securities available for sale	20,729	22,739
Corporate and other debt securities \| Recurring
Securities available for sale
Securities available for sale	20,729	22,739
Corporate and other debt securities \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	$ 20,729	$ 22,739

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	Sep. 30, 2023	Dec. 31, 2022
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	Sep. 30, 2023	Dec. 31, 2022
Assets:
Securities available for sale	$ 460,653	$ 512,591
Bank-owned life insurance	21,248	20,909
Carrying Value
Assets:
Cash and short-term investments	73,002	28,898
Securities available for sale	460,653	512,591
Loans, net	1,677,481	1,595,200
Loans held for sale	25,469	14,259
Other investments	3,629	3,649
Bank-owned life insurance	21,248	20,909
Accrued interest receivable	10,039	8,982
Financial liabilities:
Demand and savings deposits	1,431,140	1,622,566
Time deposits	597,289	381,294
Borrowings	141,042	85,943
Accrued interest payable	3,188	950
Total Fair Value
Assets:
Cash and short-term investments	73,002	28,850
Securities available for sale	460,653	512,591
Loans, net	1,618,671	1,538,062
Loans held for sale	25,469	14,259
Other investments	3,629	3,649
Bank-owned life insurance	21,248	20,909
Accrued interest receivable	10,039	8,982
Financial liabilities:
Demand and savings deposits	1,431,140	1,622,566
Time deposits	591,113	374,267
Borrowings	125,792	71,906
Accrued interest payable	3,188	950
Total Fair Value \| Level 1
Assets:
Cash and short-term investments	70,512	26,661
Accrued interest receivable	10,039	8,982
Financial liabilities:
Demand and savings deposits	1,431,140	1,622,566
Accrued interest payable	3,188	950
Total Fair Value \| Level 2
Assets:
Cash and short-term investments	2,490	2,189
Securities available for sale	460,653	512,591
Loans held for sale	25,469	14,259
Other investments	3,629	3,649
Bank-owned life insurance	21,248	20,909
Financial liabilities:
Time deposits	591,113	374,267
Borrowings	125,792	71,906
Total Fair Value \| Level 3
Assets:
Loans, net	1,618,671	1,538,062
IRLC \| Carrying Value
Assets:
Derivatives	563	391
IRLC \| Total Fair Value
Assets:
Derivatives	563	391
IRLC \| Total Fair Value \| Level 2
Assets:
Derivatives	563	391
Interest rate swaps on loans \| Carrying Value
Assets:
Derivatives	7,132	6,328
Financial liabilities:
Derivatives	7,132	6,328
Interest rate swaps on loans \| Total Fair Value
Assets:
Derivatives	7,132	6,328
Financial liabilities:
Derivatives	7,132	6,328
Interest rate swaps on loans \| Total Fair Value \| Level 2
Assets:
Derivatives	7,132	6,328
Financial liabilities:
Derivatives	7,132	6,328
Cash flow hedges \| Carrying Value
Assets:
Derivatives	2,073	1,941
Cash flow hedges \| Total Fair Value
Assets:
Derivatives	2,073	1,941
Cash flow hedges \| Total Fair Value \| Level 2
Assets:
Derivatives	2,073	1,941
Cash flow hedges \| Interest rate swaps on loans
Assets:
Derivatives	$ 2,073	$ 1,941

Business Segments - Segment Rep

Business Segments - Segment Reporting (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) segment	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Business Segments
Number of principal business segments \| segment			3
Interest income	$ 31,686	$ 26,326	$ 91,729	$ 72,949
Interest expense	7,224	1,946	17,964	5,462
Net interest income	24,462	24,380	73,765	67,487
Gains on sales of loans	1,220	1,870	4,930	6,763
Other noninterest income	4,800	4,259	16,296	11,758
Net revenue	30,482	30,509	94,991	86,008
Provision for credit losses	2,050	1,200	5,800	1,402
Noninterest expense	21,332	21,089	66,224	60,399
Income before income taxes	7,100	8,220	22,967	24,207
Income tax expense (benefit)	1,323	1,675	4,309	5,144
Net income	5,777	6,545	18,658	19,063
Capital expenditures	409	964	1,019	2,314
Depreciation and amortization	956	1,082	2,919	3,305
Total assets	2,421,705		2,421,705		$ 2,332,317
Operating Segments \| Community Banking
Business Segments
Interest income	25,066	18,766	72,531	50,612
Interest expense	6,675	1,353	16,268	3,700
Net interest income	18,391	17,413	56,263	46,912
Other noninterest income	4,221	3,903	12,173	11,962
Net revenue	22,612	21,316	68,436	58,874
Provision for credit losses	500		1,550	(700)
Noninterest expense	15,129	14,621	45,063	42,605
Income before income taxes	6,983	6,695	21,823	16,969
Income tax expense (benefit)	1,298	1,274	4,081	3,215
Net income	5,685	5,421	17,742	13,754
Capital expenditures	251	961	861	2,232
Depreciation and amortization	838	923	2,558	2,817
Total assets	2,299,620		2,299,620		2,206,299
Operating Segments \| Mortgage Banking
Business Segments
Interest income	517	556	1,312	1,674
Interest expense	232	247	513	561
Net interest income	285	309	799	1,113
Gains on sales of loans	1,198	1,904	4,983	7,251
Other noninterest income	1,144	1,197	3,413	3,918
Net revenue	2,627	3,410	9,195	12,282
Provision for credit losses				32
Noninterest expense	2,631	3,398	8,459	10,045
Income before income taxes	(4)	12	736	2,205
Income tax expense (benefit)	1	(12)	168	533
Net income	(5)	24	568	1,672
Capital expenditures	12	3	12	65
Depreciation and amortization	18	57	61	180
Total assets	35,995		35,995		24,500
Operating Segments \| Consumer Finance.
Business Segments
Interest income	12,020	11,175	35,313	30,975
Interest expense	5,748	3,941	17,060	9,800
Net interest income	6,272	7,234	18,253	21,175
Other noninterest income	(19)	49	25	164
Net revenue	6,253	7,283	18,278	21,339
Provision for credit losses	1,550	1,200	4,250	2,070
Noninterest expense	3,761	3,639	10,909	10,978
Income before income taxes	942	2,444	3,119	8,291
Income tax expense (benefit)	260	665	858	2,255
Net income	682	1,779	2,261	6,036
Capital expenditures	146		146	17
Depreciation and amortization	100	102	300	308
Total assets	478,346		478,346		479,864
Operating Segments \| Other
Business Segments
Interest expense	548	593	1,696	1,762
Net interest income	(548)	(593)	(1,696)	(1,762)
Other noninterest income	(496)	(826)	840	(4,174)
Net revenue	(1,044)	(1,419)	(856)	(5,936)
Noninterest expense	(172)	(553)	1,839	(3,186)
Income before income taxes	(872)	(866)	(2,695)	(2,750)
Income tax expense (benefit)	(246)	(238)	(790)	(752)
Net income	(626)	(628)	(1,905)	(1,998)
Total assets	35,984		35,984		43,241
Eliminations
Business Segments
Interest income	(5,917)	(4,171)	(17,427)	(10,312)
Interest expense	(5,979)	(4,188)	(17,573)	(10,361)
Net interest income	62	17	146	49
Gains on sales of loans	22	(34)	(53)	(488)
Other noninterest income	(50)	(64)	(155)	(112)
Net revenue	34	(81)	(62)	(551)
Noninterest expense	(17)	(16)	(46)	(43)
Income before income taxes	51	(65)	(16)	(508)
Income tax expense (benefit)	10	(14)	(8)	(107)
Net income	41	$ (51)	(8)	$ (401)
Total assets	$ (428,240)		$ (428,240)		$ (421,587)

Business Segments - Other (Deta

Business Segments - Other (Details)	9 Months Ended
Business Segments - Other (Details)	Sep. 30, 2023 item
Mortgage Banking
Business Segments
Number of intersegment lines of credit	2
Mortgage Banking \| FHLB Advances \| Minimum
Business Segments
Variable rate, spread (as a percent)	0.50%
Mortgage Banking \| FHLB Advances \| Maximum
Business Segments
Variable rate, spread (as a percent)	1.75%
Consumer Finance.
Business Segments
Floor variable rate (as a percent)	3.50%
Ceiling rate (as a percent)	6%
Consumer Finance. \| Minimum
Business Segments
Fixed rate (as a percent)	3.20%
Consumer Finance. \| Maximum
Business Segments
Fixed rate (as a percent)	5.10%
Consumer Finance. \| One month SOFR \| Minimum
Business Segments
Variable rate, spread (as a percent)	2.115%

Commitments and Contingent Li_2

Commitments and Contingent Liabilities - Loan Commitments (Details) - C&F Bank - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Standby Letters of Credit
Commitments and Contingent Liabilities
Face amount of asset	$ 10,420	$ 16,260
Loan commitments
Commitments and Contingent Liabilities
Face amount of asset	$ 432,660	$ 394,750

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Other (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Commitments and Contingent Liabilities
Provision for indemnifications	$ (200,000)	$ 11,000	$ (435,000)	$ (858,000)
Indemnification reserve for recourse provisions
Commitments and Contingent Liabilities
Provision for indemnifications	200,000	11,000	435,000	858,000
Indemnification payments paid	0	$ 0	0	$ 0
Loss Contingency Accrual	$ 1,960,000		$ 1,960,000		$ 2,390,000
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

Derivative Financial Instrume_3

Derivative Financial Instruments (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Derivatives and other information
Changes in fair value of loan swaps	$ 0
Unpaid principal on mortgage loans held for sale		$ 823
Other assets
Derivatives and other information
Cash collateral	0	0
Interest rate swaps on loans \| Cash flow hedges
Derivatives and other information
Notional amount	25,000	25,000
Derivative Asset	2,073	1,941
Matched interest rate swap with borrower \| Not designated as hedges
Derivatives and other information
Notional amount	109,976	85,856
Derivative Liability	7,132	6,328
Matched interest rate swap with counterparty \| Not designated as hedges
Derivatives and other information
Notional amount	109,976	85,856
Derivative Asset	7,132	6,328
IRLC \| Not designated as hedges
Derivatives and other information
Notional amount	40,909	42,284
Derivative Asset	563	391
Mortgage Banking \| Best-efforts forward sales contracts
Derivatives and other information
IRLCs	40,910	42,280
Unpaid principal on mortgage loans held for sale	27,750	16,410
Mortgage loans	$ 68,660	$ 58,690

Other Noninterest Expenses (Det

Other Noninterest Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Other Noninterest Expenses
Data processing fees	$ 2,567	$ 2,675	$ 7,863	$ 7,921
Professional fees	707	684	2,096	2,179
Insurance expense	414	293	1,203	767
Marketing and advertising expenses	361	441	1,172	1,415
Telecommunication expenses	344	350	970	1,047
Mortgage banking loan processing expenses	272	404	854	1,405
Provision for indemnifications	(200)	11	(435)	(858)
All other noninterest expenses	2,002	1,847	5,685	5,316
Total other noninterest expenses	$ 6,467	$ 6,705	$ 19,408	$ 19,192