C&F Financial (CFFI) 10-Q7 May 242024 Q1 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2024	May 03, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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		3,357,838
Entity Central Index Key	0000913341
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 15,904	$ 16,382
Interest-bearing deposits in other banks	39,303	58,777
Total cash and cash equivalents	55,207	75,159
Securities available for sale	430,421	462,444
Loans held for sale, at fair value	22,622	14,176
Loans, net of allowance for credit losses of $40,200 and $39,651, respectively	1,777,227	1,702,488
Restricted stock, at cost	3,592	2,925
Corporate premises and equipment, net	41,549	41,914
Accrued interest receivable	10,595	10,398
Goodwill	25,191	25,191
Other intangible assets, net	1,342	1,407
Bank-owned life insurance	21,586	21,464
Net deferred tax asset	19,253	18,731
Other assets	61,166	62,201
Total assets	2,469,751	2,438,498
Deposits
Noninterest-bearing demand deposits	535,048	549,367
Savings and interest-bearing demand deposits	816,714	843,564
Time deposits	736,170	673,199
Total deposits	2,087,932	2,066,130
Short-term borrowings	27,805	58,223
Long-term borrowings	68,339	25,894
Trust preferred capital notes	25,431	25,422
Accrued interest payable	4,644	3,493
Other liabilities	38,651	41,820
Total liabilities	2,252,802	2,220,982
Commitments and contingent liabilities (Note 11)
Equity
Common stock ($1.00 par value, 8,000,000 shares authorized, 3,367,619 and 3,374,098 shares issued and outstanding, respectively, includes 121,238 and 135,694 of unvested shares, respectively)	3,246	3,238
Additional paid-in capital	6,084	6,567
Retained earnings	235,679	233,760
Accumulated other comprehensive loss, net	(28,669)	(26,687)
Equity attributable to C&F Financial Corporation	216,340	216,878
Noncontrolling interest	609	638
Total equity	216,949	217,516
Total liabilities and equity	$ 2,469,751	$ 2,438,498

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
C&F FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited)
Available-for-sale securities, amortized cost	$ 464,684	$ 494,092
Allowance for credit losses	$ 40,200	$ 39,651
Common stock par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	8,000,000	8,000,000
Common stock, shares issued	3,367,619	3,374,098
Common stock, shares outstanding	3,367,619	3,374,098
Common stock, unvested shares	121,238	135,694

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income
Interest and fees on loans	$ 29,586	$ 26,060
Interest on interest-bearing deposits and federal funds sold	259	176
Interest and dividends on securities
U.S. treasury, government agencies and corporations	602	1,035
Mortgage-backed securities	886	947
Tax-exempt obligations of states and political subdivisions	883	618
Taxable obligations of states and political subdivisions	184	184
Corporate and other	308	285
Total interest income	32,708	29,305
Interest expense
Savings and interest-bearing deposits	1,614	1,209
Time deposits	6,916	1,820
Borrowings	722	1,025
Trust preferred capital notes	298	293
Total interest expense	9,550	4,347
Net interest income	23,158	24,958
Provision for credit losses	3,500	2,050
Net interest income after provision for credit losses	19,658	22,908
Noninterest income
Gains on sales of loans	1,288	1,794
Interchange income	1,475	1,520
Service charges on deposit accounts	1,047	1,048
Investment income from other equity interests	167	113
Mortgage banking fee income	479	494
Wealth management services income, net	731	614
Mortgage lender services income	503	451
Other service charges and fees	396	391
Net (losses) gains on sales, maturities and calls of available for sale securities		(5)
Other income, net	1,406	1,217
Total noninterest income	7,492	7,637
Noninterest expenses
Salaries and employee benefits	14,252	13,898
Occupancy	2,132	2,044
Data processing	2,829	2,682
Professional fees	915	595
Insurance Expense	406	396
Marketing and advertising expenses	168	401
Mortgage banking loan processing expenses	184	258
Other	2,264	2,321
Total noninterest expenses	23,150	22,595
Income (loss) before taxes	4,000	7,950
Income tax expense	565	1,453
Net income (loss)	3,435	6,497
Less net income attributable to noncontrolling interest	34	56
Net income attributable to C&F Financial Corporation	$ 3,401	$ 6,441
Net income per share - basic (in dollars per share)	$ 1.01	$ 1.86
Net income per share - diluted (in dollars per share)	$ 1.01	$ 1.86

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
Net income	$ 3,435	$ 6,497
Other comprehensive (loss) income, net of tax:
Securities available for sale	(2,066)	5,281
Defined benefit plan	7	17
Cash flow hedges	77	(263)
Other comprehensive (loss) income, net of tax	(1,982)	5,035
Comprehensive income	1,453	11,532
Less comprehensive income attributable to noncontrolling interest	34	56
Comprehensive income attributable to C&F Financial Corporation	$ 1,419	$ 11,476

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
Change in stockholders' equity
Adoption of new accounting standard	$ 3,331	$ 12,047	$ (1,072)	$ 217,214	$ (36,958)	$ 599	$ (1,072)	$ 196,233
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 loss:
Net income				6,441		56		6,497
Other comprehensive loss					5,035			5,035
Share-based compensation		474						474
Restricted stock vested	19	(19)
Common stock issued	1	46						47
Common stock purchased	(42)	(2,413)						(2,455)
Cash dividends declared ($0.44 per share)				(1,521)				(1,521)
Distributions to noncontrolling interest						(54)		(54)
Balance, end of period at Mar. 31, 2023	3,309	10,135		221,062	(31,923)	601		203,184
Change in stockholders' equity
Adoption of new accounting standard	3,309	10,135		221,062	(31,923)	601		203,184
Adoption of new accounting standard	3,238	6,567		233,760	(26,687)	638		217,516
Balance, beginning of the period at Dec. 31, 2023	3,238	6,567		233,760	(26,687)	638		217,516
Comprehensive loss:
Net income				3,401		34		3,435
Other comprehensive loss					(1,982)			(1,982)
Share-based compensation		510						510
Restricted stock vested	26	(26)
Common stock issued	1	45						46
Common stock purchased	(19)	(1,012)						(1,031)
Cash dividends declared ($0.44 per share)				(1,482)				(1,482)
Distributions to noncontrolling interest						(63)		(63)
Balance, end of period at Mar. 31, 2024	3,246	6,084		235,679	(28,669)	609		216,949
Change in stockholders' equity
Adoption of new accounting standard	$ 3,246	$ 6,084		$ 235,679	$ (28,669)	$ 609		$ 216,949

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
CONSOLIDATED STATEMENTS OF EQUITY (Unaudited)
Cash dividends declared (in dollars per share)	$ 0.44	$ 0.44

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Operating activities:
Net income	$ 3,435	$ 6,497
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for credit losses	3,500	2,050
Accretion of certain acquisition-related discounts, net	(155)	(228)
Share-based compensation	510	474
Depreciation and amortization	937	988
Amortization of premiums and accretion of discounts on securities, net	397	281
Reversal of provision for indemnifications	(140)
Income from bank-owned life insurance	(106)	(83)
Pension expense	226	236
Proceeds from sales of loans held for sale	87,479	105,023
Origination of loans held for sale	(94,769)	(115,734)
Gains on sales of loans held for sale	(1,288)	(1,794)
Other gains, net	194	328
Change in other assets and liabilities:
Accrued interest receivable	(197)	126
Other assets	2,347	2,317
Accrued interest payable	1,151	662
Other liabilities	(2,626)	(978)
Net cash provided by operating activities	895	165
Investing activities:
Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities	37,324	19,729
Purchases of securities available for sale	(8,313)	(14,364)
Purchases of time deposits, net	491	(744)
Repayments on loans held for investment by non-bank affiliates	45,387	39,057
Purchases of loans held for investment by non-bank affiliates	(49,842)	(41,904)
Net increase in community banking loans held for investment	(73,617)	(36,068)
Purchases of corporate premises and equipment	(485)	(515)
Proceeds from sales of other real estate owned		29
Other investing activities, net	(566)	(4,714)
Net cash used in investing activities	(49,621)	(39,494)
Financing activities:
Net decrease in demand and savings deposits	(41,169)	(122,178)
Net increase in time deposits	62,971	114,116
Net (decrease) increase in short-term borrowings	(30,418)	108,987
Proceeds from long-term borrowings	40,000
Repurchases of common stock	(1,031)	(2,455)
Cash dividends paid	(1,482)	(1,521)
Other financing activities, net	(97)	(61)
Net cash provided by financing activities	28,774	96,888
Net (decrease) increase in cash and cash equivalents	(19,952)	57,559
Cash and cash equivalents at beginning of period	75,159	26,661
Cash and cash equivalents at end of period	55,207	84,220
Supplemental cash flow disclosures:
Interest paid	8,390	3,683
Supplemental disclosure of noncash investing and financing activities:
Adoption of new accounting standard		$ 1,072
Liabilities assumed to acquire right of use assets under operating leases	$ 2,487

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2024
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 Recent Significant Accounting Pronouncements: In November 2023, FASB issued ASU 2023-09, “Income Taxes (Topic 740) – Improvements to Income Tax Disclosures.” The amendments in ASU 2023-09 require that a public entity disclose, on an annual basis, specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold, the amount of income taxes paid disaggregated by federal, state and foreign taxes, and the amount of income taxes paid disaggregated by individual jurisdictions in which income taxes paid is equal to or granter than five percent of total income taxes paid. The amendments also require that entities disclose income from continuing operations before income tax expense disaggregated between domestic and foreign, as well as income tax expense from continuing operations disaggregated by federal, state and foreign. The amendments apply to all public entities that are subject to Topic 740, “Income Taxes,” and are effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments are to be applied on a prospective basis; however, retrospective application is permitted. The Corporation does not expect the adoption of ASU 2023-09 to have a material effect on its consolidated financial statements. Other accounting standards that have been issued by the FASB or other standards-setting bodies are not currently expected to have a material effect on the Corporation’s financial position, results of operations or cash flows.

Securities

Securities	3 Months Ended
Securities	Mar. 31, 2024
Securities
Securities	NOTE 2: Securities The Corporation’s debt securities, all of which are classified as available for sale, are summarized as follows: March 31, 2024 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. Treasury securities $ 28,944 $ — $ (638) $ 28,306 U.S. government agencies and corporations 84,380 — (9,662) 74,718 Mortgage-backed securities 176,686 52 (17,550) 159,188 Obligations of states and political subdivisions 149,497 1,640 (4,486) 146,651 Corporate and other debt securities 25,177 — (3,619) 21,558 $ 464,684 $ 1,692 $ (35,955) $ 430,421 December 31, 2023 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. Treasury securities $ 45,883 $ — $ (780) $ 45,103 U.S. government agencies and corporations 96,407 — (9,313) 87,094 Mortgage-backed securities 177,734 185 (16,223) 161,696 Obligations of states and political subdivisions 148,875 2,280 (4,044) 147,111 Corporate and other debt securities 25,193 — (3,753) 21,440 $ 494,092 $ 2,465 $ (34,113) $ 462,444 The amortized cost and estimated fair value of securities at March 31, 2024, by the earlier of contractual maturity or expected maturity, are shown below. The Corporation has elected to exclude accrued interest receivable, totaling $2.76 million at March 31, 2024, 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. March 31, 2024 Amortized (Dollars in thousands) Cost Fair Value Due in one year or less $ 90,655 $ 87,601 Due after one year through five years 174,821 159,652 Due after five years through ten years 127,667 114,580 Due after ten years 71,541 68,588 $ 464,684 $ 430,421 The following table presents the gross realized gains and losses on and the proceeds from the sales, maturities and calls of securities. During the three months ended March 31, 2024 and 2023 there were no sales of securities. Three Months Ended March 31, (Dollars in thousands) 2024 2023 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 $ 37,324 $ 19,730 The Corporation pledges securities primarily to secure municipal deposits, repurchase agreements and lines of credit that provide liquidity to the Corporation and C&F Bank. Securities with an aggregate amortized cost of $205.65 million and an aggregate fair value of $187.13 million were pledged at March 31, 2024. Securities with an aggregate amortized cost of $215.97 million and an aggregate fair value of $198.85 million were pledged at December 31, 2023. Securities in an unrealized loss position at March 31, 2024, 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 $ — — $ 28,306 $ 638 $ 28,306 $ 638 U.S. government agencies and corporations — — 74,718 9,662 74,718 9,662 Mortgage-backed securities 6,491 119 147,290 17,431 153,781 17,550 Obligations of states and political subdivisions 14,416 183 64,810 4,303 79,226 4,486 Corporate and other debt securities 2,672 328 18,886 3,291 21,558 3,619 Total $ 23,579 $ 630 $ 334,010 $ 35,325 $ 357,589 $ 35,955 There were 513 debt securities with a fair value below the amortized cost basis, totaling $357.59 million of aggregate fair value as of March 31, 2024. The Corporation concluded that a credit loss did not exist in its securities portfolio at March 31, 2024, 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, 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 $ — — $ 45,103 $ 780 $ 45,103 $ 780 U.S. government agencies and corporations — — 87,094 9,313 87,094 9,313 Mortgage-backed securities 5,528 68 150,023 16,155 155,551 16,223 Obligations of states and political subdivisions 4,659 72 65,630 3,972 70,289 4,044 Corporate and other debt securities 3,386 364 18,054 3,389 21,440 3,753 Total $ 13,573 $ 504 $ 365,904 $ 33,609 $ 379,477 $ 34,113 The Corporation’s investment in restricted stock totaled $3.59 million at March 31, 2024 and $2.93 million at December 31, 2023 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 March 31, 2024 and no impairment has been recognized.

Loans

Loans	3 Months Ended
Loans	Mar. 31, 2024
Loans
Loans	NOTE 3: Loans 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 $7.83 million at March 31, 2024, from the recorded balance of loans. March 31, December 31, (Dollars in thousands) 2024 2023 Commercial real estate $ 693,603 $ 668,122 Commercial business 116,236 115,348 Construction - commercial real estate 96,916 69,768 Land acquisition and development 29,644 29,064 Builder lines 28,363 24,668 Construction - consumer real estate 12,471 11,223 Residential mortgage 300,178 293,256 Equity lines 54,463 51,592 Other consumer 9,450 10,588 Consumer finance - automobiles 407,280 401,276 Consumer finance - marine and recreational vehicles 68,823 67,234 Subtotal 1,817,427 1,742,139 Less allowance for credit losses (40,200) (39,651) Loans, net $ 1,777,227 $ 1,702,488 Other consumer loans included $180,000 and $228,000 of demand deposit overdrafts at March 31, 2024 and December 31, 2023, respectively. The following table shows the aging of the Corporation’s loan portfolio, by class, at March 31, 2024: 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 $ — $ — $ — $ — $ 693,603 $ 693,603 $ — Commercial business 9 — — 9 116,227 116,236 — Construction - commercial real estate — — — — 96,916 96,916 — Land acquisition and development — — — — 29,644 29,644 — Builder lines — — — — 28,363 28,363 — Construction - consumer real estate — — — — 12,471 12,471 — Residential mortgage 780 — 216 996 299,182 300,178 216 Equity lines 457 — 161 618 53,845 54,463 62 Other consumer 78 — 9 87 9,363 9,450 — Consumer finance - automobiles 10,782 1,330 705 12,817 394,463 407,280 — Consumer finance - marine and recreational vehicles 385 — 36 421 68,402 68,823 — Total $ 12,491 $ 1,330 $ 1,127 $ 14,948 $ 1,802,479 $ 1,817,427 $ 278 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 $155,000, 30-59 days past due of $286,000 and 90+ days past due of $850,000. The following table shows the aging of the Corporation’s loan portfolio, by class, at December 31, 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 $ 92 $ — $ — $ 92 $ 668,030 $ 668,122 $ — Commercial business — — 1 1 115,347 115,348 1 Construction - commercial real estate — — — — 69,768 69,768 — Land acquisition and development — — — — 29,064 29,064 — Builder lines — — — — 24,668 24,668 — Construction - consumer real estate — — — — 11,223 11,223 — Residential mortgage 1,643 387 273 2,303 290,953 293,256 89 Equity lines 215 103 115 433 51,159 51,592 38 Other consumer 3 — 9 12 10,576 10,588 — Consumer finance - automobiles 15,263 2,628 892 18,783 382,493 401,276 — Consumer finance - marine and recreational vehicles 282 115 — 397 66,837 67,234 — Total $ 17,498 $ 3,233 $ 1,290 $ 22,021 $ 1,720,118 $ 1,742,139 $ 128 1 The table above includes nonaccrual loans that are current of $113,000, 60-89 days past due of $22,000 and 90+ days past due of $1.16 million. The following table shows the Corporation’s recorded balance of loans on nonaccrual status as of March 31, 2024 and December 31, 2023. The Corporation recognized $3,000 in interest income on loans on nonaccrual status as of March 31, 2024 and had no reversals of interest income upon placing loans on nonaccrual status during the three months ended March 31, 2024. All nonaccrual loans at March 31, 2024 had an allowance for credit losses. March 31, December 31, (Dollars in thousands) 2024 2023 Residential mortgage $ 441 $ 320 Equity lines 99 77 Other consumer 10 9 Consumer finance - automobiles 705 892 Consumer finance - marine and recreational vehicles 36 — Total $ 1,291 $ 1,298 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 March 31, 2024 and 2023 that were both experiencing financial difficulty and modified during the three months ended March 31, 2024 and 2023. Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 % of Total % of Total Class of Class of Amortized Financing Amortized Financing (Dollars in thousands) Cost Receivable Cost Receivable Term Extension Residential mortgage $ 341 0.1 % $ — — % Total Term Extension $ 341 $ — Combination Term Extension and Interest Rate Reduction Commercial real estate $ — — % $ 47 — % Residential mortgage 19 — — — Total Combination Term Extension and Interest Rate Reduction $ 19 $ 47 Total $ 360 0.1 % $ 47 — % The following table presents the financial effects of the loan modifications presented above to borrowers experiencing financial difficulty for the three months ended March 31, 2024 and 2023. Three Months Ended March 31, 2024 Three Months Ended March 31, 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 — % — 0.75 % 4.9 Residential mortgage 1.51 6.9 — — Total 1.51 % 6.9 0.75 % 4.9 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 months ended March 31, 2024 and 2023 of modified loans that were modified during the previous twelve months and all were current as of March 31, 2024.

Allowance for Credit Losses

Allowance for Credit Losses	3 Months Ended
Allowance for Credit Losses	Mar. 31, 2024
Allowance for Credit Losses
Allowance for Credit Losses	NOTE 4: Allowance for Credit Losses The Corporation conducts an analysis of the collectability of the loan portfolio on a regular basis and uses this analysis to assess the sufficiency of the allowance for credit losses on loans and to determine the necessary provision for credit losses. The Corporation segmented the loan portfolio into three loan portfolios based on common risk characteristics. The Commercial portfolio consists of commercial real estate loans, commercial business loans, commercial and consumer real estate construction loans, land acquisition and development loans, and builder lines. The Consumer portfolio consists of residential mortgage loans, equity lines, and other consumer loans. The Consumer Finance portfolio consists of automobile and marine and RV loans. The following table shows the allowance for credit losses activity by loan portfolio for the three months ended March 31, 2024 and 2023: Consumer (Dollars in thousands) Commercial Consumer Finance Total Allowance for credit losses: Balance at December 31, 2023 $ 12,315 $ 3,758 $ 23,578 $ 39,651 Provision charged to operations 535 65 3,000 3,600 Loans charged off — (101) (4,103) (4,204) Recoveries of loans previously charged off 9 53 1,091 1,153 Balance at March 31, 2024 $ 12,859 $ 3,775 $ 23,566 $ 40,200 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 233 117 1,600 1,950 Loans charged off (16) (89) (3,108) (3,213) Recoveries of loans previously charged off 35 45 1,008 1,088 Balance at March 31, 2023 $ 11,449 $ 3,510 $ 25,875 $ 40,834 The following table presents a breakdown of the provision for credit losses for the periods indicated. Three Months Ended March 31, (Dollars in thousands) 2024 2023 Provision for credit losses: Provision for loans $ 3,600 $ 1,950 Provision for unfunded commitments (100) 100 Total $ 3,500 $ 2,050 The table below details the recorded balance of the classes of loans within the commercial and consumer loan portfolios by loan rating, which is reviewed on a quarterly basis, and year of origination as of March 31, 2024: Revolving Revolving Term Loans Recorded Balance by Origination Year Loans Loans Recorded Converted (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Balance to Term 1 Total Commercial real estate: Loan Rating Pass $ 43,928 $ 80,300 $ 124,273 $ 153,348 $ 114,997 $ 169,989 $ — $ 116 $ 686,951 Special Mention — — — 5,699 — 953 — — 6,652 Total $ 43,928 $ 80,300 $ 124,273 $ 159,047 $ 114,997 $ 170,942 $ — $ 116 $ 693,603 Commercial business: Loan Rating Pass $ 2,533 $ 16,156 $ 18,358 $ 16,552 $ 11,782 $ 27,633 $ 22,967 $ 169 $ 116,150 Special Mention 27 59 — — — — — — 86 Total $ 2,560 $ 16,215 $ 18,358 $ 16,552 $ 11,782 $ 27,633 $ 22,967 $ 169 $ 116,236 Construction - commercial real estate: Loan Rating Pass $ 5,771 $ 38,685 $ 48,979 $ — $ 3,481 $ — $ — $ — $ 96,916 Total $ 5,771 $ 38,685 $ 48,979 $ — $ 3,481 $ — $ — $ — $ 96,916 Land acquisition and development: Loan Rating Pass $ 265 $ 5,959 $ 4,251 $ 9,176 $ 9,993 $ — $ — $ — $ 29,644 Total $ 265 $ 5,959 $ 4,251 $ 9,176 $ 9,993 $ — $ — $ — $ 29,644 Builder lines: Loan Rating Pass $ 8,790 $ 16,055 $ 3,020 $ 94 $ — $ 404 $ — $ — $ 28,363 Total $ 8,790 $ 16,055 $ 3,020 $ 94 $ — $ 404 $ — $ — $ 28,363 Construction - consumer real estate: Loan Rating Pass $ 456 $ 9,976 $ 1,651 $ — $ — $ — $ 388 $ — $ 12,471 Total $ 456 $ 9,976 $ 1,651 $ — $ — $ — $ 388 $ — $ 12,471 Residential mortgage: Loan Rating Pass $ 13,949 $ 60,002 $ 88,854 $ 43,262 $ 38,608 $ 54,635 $ — $ — $ 299,310 Special Mention — — — — — 43 — — 43 Substandard — — — — 103 281 — — 384 Substandard Nonaccrual 134 — — — — 307 — — 441 Total $ 14,083 $ 60,002 $ 88,854 $ 43,262 $ 38,711 $ 55,266 $ — $ — $ 300,178 Equity lines: Loan Rating Pass $ — $ — $ — $ — $ 70 $ 850 $ 53,048 $ 329 $ 54,297 Substandard — — — — — 5 — 62 67 Substandard Nonaccrual — — — — — — — 99 99 Total $ — $ — $ — $ — $ 70 $ 855 $ 53,048 $ 490 $ 54,463 Other consumer: Loan Rating Pass $ 1,101 $ 4,394 $ 2,389 $ 516 $ 219 $ 770 $ 51 $ — $ 9,440 Substandard Nonaccrual — — — — — 10 — — 10 Total $ 1,101 $ 4,394 $ 2,389 $ 516 $ 219 $ 780 $ 51 $ — $ 9,450 Total: Loan Rating Pass $ 76,793 $ 231,527 $ 291,775 $ 222,948 $ 179,150 $ 254,281 $ 76,454 $ 614 $ 1,333,542 Special Mention 27 59 — 5,699 — 996 — — 6,781 Substandard — — — — 103 286 — 62 451 Substandard Nonaccrual 134 — — — — 317 — 99 550 Total $ 76,954 $ 231,586 $ 291,775 $ 228,647 $ 179,253 $ 255,880 $ 76,454 $ 775 $ 1,341,324 1 For the three months ended March 31, 2024, $58,000 of equity lines revolving loans were converted to term. The table below details the recorded balance of the classes of loans within the commercial and consumer loan portfolios by loan rating, which is reviewed on a quarterly basis, and year of origination as of December 31, 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 1 Total Commercial real estate: Loan Rating Pass $ 81,324 $ 125,278 $ 155,805 $ 121,365 $ 37,383 $ 140,158 $ — $ 119 $ 661,432 Special Mention — — 5,731 — — 959 — — 6,690 Total $ 81,324 $ 125,278 $ 161,536 $ 121,365 $ 37,383 $ 141,117 $ — $ 119 $ 668,122 Commercial business: Loan Rating Pass $ 18,682 $ 18,190 $ 17,219 $ 12,062 $ 14,847 $ 15,339 $ 18,686 $ 261 $ 115,286 Special Mention 62 — — — — — — — 62 Total $ 18,744 $ 18,190 $ 17,219 $ 12,062 $ 14,847 $ 15,339 $ 18,686 $ 261 $ 115,348 Construction - commercial real estate: Loan Rating Pass $ 29,346 $ 36,907 $ — $ 3,515 $ — $ — $ — $ — $ 69,768 Total $ 29,346 $ 36,907 $ — $ 3,515 $ — $ — $ — $ — $ 69,768 Land acquisition and development: Loan Rating Pass $ 4,562 $ 4,665 $ 9,844 $ 9,993 $ — $ — $ — $ — $ 29,064 Total $ 4,562 $ 4,665 $ 9,844 $ 9,993 $ — $ — $ — $ — $ 29,064 Builder lines: Loan Rating Pass $ 17,919 $ 5,124 $ 1,221 $ — $ 404 $ — $ — $ — $ 24,668 Total $ 17,919 $ 5,124 $ 1,221 $ — $ 404 $ — $ — $ — $ 24,668 Construction - consumer real estate: Loan Rating Pass $ 7,889 $ 3,240 $ — $ — $ — $ — $ 94 $ — $ 11,223 Total $ 7,889 $ 3,240 $ — $ — $ — $ — $ 94 $ — $ 11,223 Residential mortgage: Loan Rating Pass $ 59,441 $ 91,086 $ 44,292 $ 40,089 $ 11,524 $ 46,192 $ — $ — $ 292,624 Special Mention — — — — — 44 — — 44 Substandard — — — 103 — 165 — — 268 Substandard Nonaccrual — — — — 62 258 — — 320 Total $ 59,441 $ 91,086 $ 44,292 $ 40,192 $ 11,586 $ 46,659 $ — $ — $ 293,256 Equity lines: Loan Rating Pass $ — $ — $ 34 $ 70 $ — $ 857 $ 50,120 $ 344 $ 51,425 Special Mention — — — — — — — 85 85 Substandard — — — — 5 — — — 5 Substandard Nonaccrual — — — — — 9 — 68 77 Total $ — $ — $ 34 $ 70 $ 5 $ 866 $ 50,120 $ 497 $ 51,592 Other consumer: Loan Rating Pass $ 6,263 $ 2,762 $ 606 $ 282 $ 101 $ 519 $ 46 $ — $ 10,579 Substandard Nonaccrual — — — — 9 — — — 9 Total $ 6,263 $ 2,762 $ 606 $ 282 $ 110 $ 519 $ 46 $ — $ 10,588 Total: Loan Rating Pass $ 225,426 $ 287,252 $ 229,021 $ 187,376 $ 64,259 $ 203,065 $ 68,946 $ 724 $ 1,266,069 Special Mention 62 — 5,731 — — 1,003 — 85 6,881 Substandard — — — 103 5 165 — — 273 Substandard Nonaccrual — — — — 71 267 — 68 406 Total $ 225,488 $ 287,252 $ 234,752 $ 187,479 $ 64,335 $ 204,500 $ 68,946 $ 877 $ 1,273,629 1 All balances shown in this column were converted to term during the year ended December 31, 2023. The table below details the recorded balance of the classes of loans within the consumer finance loan portfolio by credit rating at the time of origination and year of origination as of March 31, 2024: Revolving Term Loans Recorded Balance by Origination Year Loans Revolving Converted (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Loans to Term Total Consumer finance - automobiles: Credit rating Very good $ 9,080 $ 13,972 $ 11,117 $ 3,764 $ 866 $ 232 $ — $ — $ 39,031 Good 11,947 33,653 39,081 13,875 2,806 1,014 — — 102,376 Fairly good 12,408 42,347 50,225 23,953 5,272 4,227 — — 138,432 Fair 6,702 27,277 33,698 19,558 6,086 5,275 — — 98,596 Marginal 1,489 5,980 8,042 6,980 2,828 3,526 — — 28,845 Total $ 41,626 $ 123,229 $ 142,163 $ 68,130 $ 17,858 $ 14,274 $ — $ — $ 407,280 Consumer finance - marine and recreational vehicles: Credit rating Very good $ 3,529 $ 7,171 $ 14,336 $ 9,388 $ 9,454 $ 4,650 $ — $ — $ 48,528 Good 996 7,139 7,895 1,553 1,301 835 — — 19,719 Fairly good — 256 219 36 29 36 — — 576 Total $ 4,525 $ 14,566 $ 22,450 $ 10,977 $ 10,784 $ 5,521 $ — $ — $ 68,823 Total: Credit rating Very good $ 12,609 $ 21,143 $ 25,453 $ 13,152 $ 10,320 $ 4,882 $ — $ — $ 87,559 Good 12,943 40,792 46,976 15,428 4,107 1,849 — — 122,095 Fairly good 12,408 42,603 50,444 23,989 5,301 4,263 — — 139,008 Fair 6,702 27,277 33,698 19,558 6,086 5,275 — — 98,596 Marginal 1,489 5,980 8,042 6,980 2,828 3,526 — — 28,845 Total $ 46,151 $ 137,795 $ 164,613 $ 79,107 $ 28,642 $ 19,795 $ — $ — $ 476,103 The table below details the recorded balance of the classes of loans within the consumer finance loan portfolio by credit rating at the time of origination and year of origination as of December 31, 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 $ 14,916 $ 12,395 $ 4,291 $ 1,012 $ 277 $ 22 $ — $ — $ 32,913 Good 35,203 42,800 15,530 3,338 1,090 325 — — 98,286 Fairly good 44,227 54,968 26,645 6,186 3,984 1,470 — — 137,480 Fair 28,779 36,794 22,266 7,014 4,808 1,908 — — 101,569 Marginal 6,359 8,956 7,715 3,322 2,832 1,844 — — 31,028 Total $ 129,484 $ 155,913 $ 76,447 $ 20,872 $ 12,991 $ 5,569 $ — $ — $ 401,276 Consumer finance - marine and recreational vehicles: Credit rating Very good $ 7,481 $ 15,000 $ 9,857 $ 9,952 $ 2,518 $ 2,438 $ — $ — $ 47,246 Good 7,419 8,130 1,602 1,384 410 453 — — 19,398 Fairly good 265 221 37 30 — 37 — — 590 Total $ 15,165 $ 23,351 $ 11,496 $ 11,366 $ 2,928 $ 2,928 $ — $ — $ 67,234 Total: Credit rating Very good $ 22,397 $ 27,395 $ 14,148 $ 10,964 $ 2,795 $ 2,460 $ — $ — $ 80,159 Good 42,622 50,930 17,132 4,722 1,500 778 — — 117,684 Fairly good 44,492 55,189 26,682 6,216 3,984 1,507 — — 138,070 Fair 28,779 36,794 22,266 7,014 4,808 1,908 — — 101,569 Marginal 6,359 8,956 7,715 3,322 2,832 1,844 — — 31,028 Total $ 144,649 $ 179,264 $ 87,943 $ 32,238 $ 15,919 $ 8,497 $ — $ — $ 468,510 The following table details the current period gross charge-offs of loans by year of origination for the three months ended March 31, 2024: Revolving Current Period Gross Charge-offs by Origination Year Loans Revolving Converted (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Loans to Term Total Residential mortgage $ 3 $ — $ — $ — $ — $ — $ — $ — $ 3 Other consumer 1 90 3 5 — — — — — 98 Consumer finance - automobiles — 724 1,869 1,059 213 190 — — 4,055 Consumer finance - marine and recreational vehicles — 17 23 — 8 — — — 48 Total $ 93 $ 744 $ 1,897 $ 1,059 $ 221 $ 190 $ — $ — $ 4,204 1 Gross charge-offs of other consumer loans for the three months ended March 31, 2024 included $90,000 of demand deposit overdrafts that originated in 2024. The following table details the current period gross charge-offs of loans by year of origination for the three months ended March 31, 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 Construction - consumer real estate — — — — — — 8 — 8 Other consumer 1 81 — — — — — — — 81 Consumer finance - automobiles — 1,384 938 320 135 285 — — 3,062 Consumer finance - marine and recreational vehicles — 46 — — — — — — 46 Total $ 81 $ 1,446 $ 938 $ 320 $ 135 $ 285 $ 8 $ — $ 3,213 1 Gross charge-offs of other consumer loans for the three months ended March 31, 2023 included $81,000 of demand deposit overdrafts that originated in 2023. Gross charge-offs increased for the three months ended March 31, 2024 compared to the same period in 2023 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 and repossessions, which coupled with a decline in wholesale values of used automobiles, results in an increased charge-off amount on a per-unit basis. As of March 31, 2024 and December 31, 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.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
Goodwill and Other Intangible Assets	Mar. 31, 2024
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	NOTE 5: Goodwill and Other Intangible Assets The carrying amount of goodwill was $25.19 million at March 31, 2024 and December 31, 2023. There were no changes in the recorded balance of goodwill during the three months ended March 31, 2024 or 2023. The Corporation had $1.34 million and $1.41 million of other intangible assets as of March 31, 2024 and December 31, 2023, respectively. Other intangible assets were recognized in connection with the core deposits acquired from Peoples Bankshares, Incorporated in 2020 and customer relationships acquired by C&F Wealth Management in 2016. The following table summarizes the gross carrying amounts and accumulated amortization of other intangible assets: March 31, December 31, 2024 2023 Gross Gross Carrying Accumulated Carrying Accumulated (Dollars in thousands) Amount Amortization Amount Amortization Amortizable intangible assets: Core deposit intangibles $ 1,711 $ (616) $ 1,711 $ (588) Other amortizable intangibles 1,405 (1,158) 1,405 (1,121) Total $ 3,116 $ (1,774) $ 3,116 $ (1,709) Amortization expense was $65,000 and $68,000 for the three months ended March 31, 2024 and 2023, respectively.

Equity, Other Comprehensive Inc

Equity, Other Comprehensive Income (Loss) and Earnings Per Share	3 Months Ended
	Mar. 31, 2024
Equity, Other Comprehensive Income (Loss) and Earnings Per Share
Equity, Other Comprehensive Income 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 January 1, 2024, to repurchase up to $10.00 million of the Corporation’s common stock through December 31, 2024 (the 2024 Repurchase Program). During the three months ended March 31, 2024, the Corporation repurchased $516,000 of its common stock under the 2024 Repurchase Program. As of March 31, 2024, there was $9.48 million remaining available for repurchases of the Corporation’s common stock under the 2024 Repurchase Program. The Corporation’s previous share repurchase program, which was authorized by the Board of Directors in December 2022, expired on December 31, 2023. The Corporation repurchased $2.06 million under the previous share repurchase program during the three months ended March 31, 2023. Additionally during the three months ended March 31, 2024 and 2023, the Corporation withheld 9,151 shares and 6,257 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 March 31, 2024 and 2023: Securities Defined Cash Available Benefit Flow (Dollars in thousands) For Sale Plan Hedges Total Accumulated other comprehensive (loss) income at December 31, 2023 $ (25,002) $ (2,752) $ 1,067 $ (26,687) Other comprehensive (loss) income arising during the period (2,615) — 106 (2,509) Related income tax effects 549 — (27) 522 (2,066) — 79 (1,987) Reclassifications into net income — 9 (3) 6 Related income tax effects — (2) 1 (1) — 7 (2) 5 Other comprehensive (loss) income, net of tax (2,066) 7 77 (1,982) Accumulated other comprehensive (loss) income at March 31, 2024 $ (27,068) $ (2,745) $ 1,144 $ (28,669) 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 income (loss) arising during the period 6,680 — (353) 6,327 Related income tax effects (1,403) — 91 (1,312) 5,277 — (262) 5,015 Reclassifications into net income 5 21 (2) 24 Related income tax effects (1) (4) 1 (4) 4 17 (1) 20 Other comprehensive income (loss), net of tax 5,281 17 (263) 5,035 Accumulated other comprehensive (loss) income at March 31, 2023 $ (29,903) $ (3,219) $ 1,199 $ (31,923) The following table provides information regarding reclassifications from accumulated other comprehensive loss into net income for the three months ended March 31, 2024 and 2023: Three Months Ended March 31, Line Item In the Consolidated (Dollars in thousands) 2024 2023 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 (27) (38) Noninterest expenses - Other Amortization of prior service credit into net income 18 17 Noninterest expenses - Other Related income tax effects 2 4 Income tax expense (7) (17) Net of tax Cash flow hedges: Amortization of hedging gains into net income 3 2 Interest expense - Trust preferred capital notes Related income tax effects (1) (1) Income tax expense 2 1 Net of tax Total reclassifications into net income $ (5) $ (20) 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 March 31, (Dollars in thousands) 2024 2023 Net income attributable to C&F Financial Corporation $ 3,401 $ 6,441 Weighted average shares outstanding — 3,370,934 3,464,895 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	3 Months Ended
Share-Based Plans	Mar. 31, 2024
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: 2024 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2023 135,694 $ 52.13 Granted 11,775 52.93 Vested (26,096) 47.74 Forfeited (135) 58.42 Unvested, March 31, 2024 121,238 53.15 2023 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2022 145,677 $ 48.88 Granted 10,655 59.00 Vested (19,408) 52.34 Forfeited (1,170) 50.54 Unvested, March 31, 2023 135,754 49.16 Share-based compensation expense, net of forfeitures, for the three months ended March 31, 2024 was $510,000 ($313,000 after tax) for restricted stock granted during 2019 through 2024. Share-based compensation expense, net of forfeitures, for the three months ended March 31, 2023 was $474,000 ($296,000 after tax) for restricted stock granted during 2018 through 2023. As of March 31, 2024, there was $3.78 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	3 Months Ended
Employee Benefit Plans	Mar. 31, 2024
Employee Benefit Plans
Employee Benefit Plans	NOTE 8: Employee Benefit Plans The following table summarizes the components of net periodic benefit cost for the Bank’s non-contributory cash balance pension plan. Three Months Ended March 31, (Dollars in thousands) 2024 2023 Components of net periodic benefit cost: Service cost, included in salaries and employee benefits $ 369 $ 358 Other components of net periodic benefit cost: Interest cost 189 182 Expected return on plan assets (341) (325) Amortization of prior service credit (18) (17) Recognized net actuarial losses 27 38 Other components of net periodic benefit cost, included in other noninterest expense (143) (122) Net periodic benefit cost $ 226 $ 236

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	3 Months Ended
Fair Value of Assets and Liabilities	Mar. 31, 2024
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. GAAP requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. 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. 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. prepayment model based on volatility-driven, multi-dimensional spread tables. Fixed-rate securities issued by the Small Business Association in the mortgage backed category are individually evaluated based upon a hierarchy of security specific information and market data regarding that security or securities with similar characteristics. Other investments. 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 March 31, 2024 and December 31, 2023, the fair value of these investments was $3.65 million and $3.75 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 an unrealized gain of $148,000 and an unrealized loss of $11,000 for the three months ended March 31, 2024 and 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 March 31, 2024 or December 31, 2023. March 31, 2024 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 $ — $ 28,306 $ — $ 28,306 U.S. government agencies and corporations — 74,718 — 74,718 Mortgage-backed securities — 159,188 — 159,188 Obligations of states and political subdivisions — 146,651 — 146,651 Corporate and other debt securities — 21,558 — 21,558 Total securities available for sale — 430,421 — 430,421 Loans held for sale — 22,622 — 22,622 Other investments — 3,653 — 3,653 Derivatives IRLC — 740 — 740 Interest rate swaps on loans — 6,287 — 6,287 Cash flow hedges — 1,521 — 1,521 Total assets $ — $ 465,244 $ — $ 465,244 Liabilities: Derivatives Interest rate swaps on loans $ — $ 6,287 $ — $ 6,287 Total liabilities $ — $ 6,287 $ — $ 6,287 December 31, 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 $ — $ 45,103 $ — $ 45,103 U.S. government agencies and corporations — 87,094 — 87,094 Mortgage-backed securities — 161,696 — 161,696 Obligations of states and political subdivisions — 147,111 — 147,111 Corporate and other debt securities — 21,440 — 21,440 Total securities available for sale — 462,444 — 462,444 Loans held for sale — 14,176 — 14,176 Other investments — 3,751 — 3,751 Derivatives IRLC — 335 — 335 Interest rate swaps on loans — 6,110 — 6,110 Cash flow hedges — 1,415 — 1,415 Total assets $ — $ 488,231 $ — $ 488,231 Liabilities: Derivatives Interest rate swaps on loans $ — $ 6,110 $ — $ 6,110 Total liabilities $ — $ 6,110 $ — $ 6,110 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 GAAP. As of March 31, 2024 and December 31, 2023, the Corporation had no assets or liabilities recorded at fair value on a nonrecurring basis. Fair Value of Financial Instruments FASB ASC 825, Financial Instruments The following tables reflect the carrying amounts and estimated fair values of the Corporation’s financial instruments whether or not recognized on the Consolidated Balance Sheets at fair value. Carrying Fair Value Measurements at March 31, 2024 Classified as Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ 56,960 $ 55,207 $ 1,753 $ — $ 56,960 Securities available for sale 430,421 — 430,421 — 430,421 Loans, net 1,777,227 — — 1,719,470 1,719,470 Loans held for sale 22,622 — 22,622 — 22,622 Other investments 3,653 — 3,653 — 3,653 Derivatives IRLC 740 — 740 — 740 Interest rate swaps on loans 6,287 — 6,287 — 6,287 Cash flow hedges 1,521 — 1,521 — 1,521 Bank-owned life insurance 21,586 — 21,586 — 21,586 Accrued interest receivable 10,595 10,595 — — 10,595 Financial liabilities: Demand and savings deposits 1,351,762 1,351,762 — — 1,351,762 Time deposits 736,170 — 733,161 — 733,161 Borrowings 113,214 — 100,121 — 100,121 Derivatives Interest rate swaps on loans 6,287 — 6,287 — 6,287 Accrued interest payable 4,644 4,644 — — 4,644 Carrying Fair Value Measurements at December 31, 2023 Classified as Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ 77,403 $ 75,159 $ 2,244 $ — $ 77,403 Securities available for sale 462,444 — 462,444 — 462,444 Loans, net 1,702,488 — — 1,643,462 1,643,462 Loans held for sale 14,176 — 14,176 — 14,176 Other investments 3,751 — 3,751 — 3,751 Derivatives IRLC 335 — 335 — 335 Interest rate swaps on loans 6,110 — 6,110 — 6,110 Cash flow hedges 1,415 — 1,415 — 1,415 Bank-owned life insurance 21,464 — 21,464 — 21,464 Accrued interest receivable 10,398 10,398 — — 10,398 Financial liabilities: Demand and savings deposits 1,392,931 1,392,931 — — 1,392,931 Time deposits 673,199 — 668,965 — 668,965 Borrowings 103,618 — 90,120 — 90,120 Derivatives Interest rate swaps on loans 6,110 — 6,110 — 6,110 Accrued interest payable 3,493 3,493 — — 3,493

Business Segments

Business Segments	3 Months Ended
Business Segments	Mar. 31, 2024
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 March 31, 2024 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 26,169 $ 281 $ 12,025 $ — $ (5,767) $ 32,708 Interest expense 9,005 44 5,803 545 (5,847) 9,550 Net interest income 17,164 237 6,222 (545) 80 23,158 Gain on sales of loans — 1,481 — — (193) 1,288 Other noninterest income 4,110 1,048 255 840 (49) 6,204 Net revenue 21,274 2,766 6,477 295 (162) 30,650 Provision for loan losses 500 — 3,000 — — 3,500 Noninterest expense 15,916 2,373 3,560 1,317 (16) 23,150 Income (loss) before taxes 4,858 393 (83) (1,022) (146) 4,000 Income tax expense (benefit) 846 99 (20) (328) (32) 565 Net income (loss) $ 4,012 $ 294 $ (63) $ (694) $ (114) $ 3,435 Other data: Capital expenditures $ 293 $ 81 $ 111 $ — $ — $ 485 Depreciation and amortization $ 838 $ 14 $ 85 $ — $ — $ 937 Three Months Ended March 31, 2023 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 23,131 $ 296 $ 11,508 $ — $ (5,630) $ 29,305 Interest expense 3,743 62 5,607 603 (5,668) 4,347 Net interest income 19,388 234 5,901 (603) 38 24,958 Gain on sales of loans — 1,857 — — (63) 1,794 Other noninterest income 3,910 1,001 233 757 (58) 5,843 Net revenue 23,298 3,092 6,134 154 (83) 32,595 Provision for loan losses 450 — 1,600 — — 2,050 Noninterest expense 14,935 2,798 3,828 1,050 (16) 22,595 Income (loss) before taxes 7,913 294 706 (896) (67) 7,950 Income tax expense (benefit) 1,495 67 197 (287) (19) 1,453 Net income (loss) $ 6,418 $ 227 $ 509 $ (609) $ (48) $ 6,497 Other data: Capital expenditures $ 515 $ — $ — $ — $ — $ 515 Depreciation and amortization $ 864 $ 24 $ 100 $ — $ — $ 988 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Total assets at March 31, 2024 $ 2,351,463 $ 31,538 $ 483,674 $ 34,453 $ (431,377) $ 2,469,751 Total assets at December 31, 2023 $ 2,319,810 $ 22,177 $ 476,671 $ 35,581 $ (415,741) $ 2,438,498 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 3.5 percent to 5.1 percent. The community banking segment acquires certain residential real estate loans from the mortgage banking segment at prices similar to those paid by third-party investors. These transactions are eliminated to reach consolidated totals. In addition to unallocated expenses recorded by the holding company, certain overhead costs are incurred by the community banking segment and are not allocated to the mortgage banking and consumer finance segments.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
Commitments and Contingent Liabilities	Mar. 31, 2024
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 $400.59 million at March 31, 2024 and $413.53 million at December 31, 2023, 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 $9.00 million at March 31, 2024 and $7.91 million at December 31, 2023. 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 months ended March 31, 2024 the Corporation recorded a net reversal of provision for indemnifications of $140,000 and recorded no provision for indemnifications for the three months ended March 31, 2023, which is included in “Noninterest Expenses – Other” on the Consolidated Statements of Income. No indemnification payments were made during the three months ended March 31, 2024 and 2023. The allowance for indemnifications was $1.67 million and $1.81 million at March 31, 2024 and December 31, 2023.

Derivative Financial Instrument

Derivative Financial Instruments	3 Months Ended
Derivative Financial Instruments	Mar. 31, 2024
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 These interest rate swaps are derivative financial instruments that manage the risk of variability in cash flows by exchanging variable-rate interest payments on a notional amount of the Corporation’s borrowings for fixed-rate interest payments. Interest rate swaps designated as cash flow hedges are expected to be highly effective in offsetting the effect of changes in interest rates on the amount of variable-rate interest payments, and the Corporation assesses the effectiveness of each hedging relationship quarterly. If the Corporation determines that a cash flow hedge is no longer highly effective, future changes in the fair value of the hedging instrument would be reported in earnings. As of March 31, 2024, the Corporation has designated cash flow hedges to manage its exposure to variability in cash flows on certain variable rate borrowings for periods that end between June 2024 and June 2029. 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 March 31, 2024, the mortgage banking segment had $55.76 million of IRLCs and $24.51 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using best-efforts forward sales contracts for $80.27 million in mortgage loans. At December 31, 2023, the mortgage banking segment had $26.15 million of IRLCs and $14.44 million of unpaid principal on mortgage loans held for sale for which it managed interest rate risk using best-efforts forward sales contracts for $40.59 million in mortgage loans. The following tables summarize key elements of the Corporation’s derivative instruments. March 31, 2024 Notional (Dollars in thousands) Amount Assets Liabilities Cash flow hedges: Interest rate swap contracts $ 25,000 $ 1,521 $ — Not designated as hedges: Customer-related interest rate swap contracts: Matched interest rate swaps with borrower 109,255 785 5,502 Matched interest rate swaps with counterparty 109,255 5,502 785 Mortgage banking contracts: IRLCs 55,759 740 — December 31, 2023 Notional (Dollars in thousands) Amount Assets Liabilities Cash flow hedges: Interest rate swap contracts $ 25,000 $ 1,415 $ — Not designated as hedges: Customer-related interest rate swap contracts: Matched interest rate swaps with borrower 109,638 1,611 4,499 Matched interest rate swaps with counterparty 109,638 4,499 1,611 Mortgage banking contracts: IRLCs 26,152 335 — 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 March 31, 2024 and December 31, 2023, there was cash collateral maintained with dealer counterparties.

Other Noninterest Expenses

Other Noninterest Expenses	3 Months Ended
Other Noninterest Expenses	Mar. 31, 2024
Other Noninterest Expenses.
Other Noninterest Expenses	NOTE 13: Other Noninterest Expenses The following table presents the significant components in the Consolidated Statements of Income line “Noninterest Expenses-Other.” Three Months Ended March 31, (Dollars in thousands) 2024 2023 Telecommunication expenses $ 391 $ 275 Travel and educational expenses 289 348 Licenses and taxes expense 236 202 Provision for indemnifications (140) — Other components of net periodic pension cost (143) (122) All other noninterest expenses 1,631 1,618 Total other noninterest expenses $ 2,264 $ 2,321

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
Summary of Significant Accounting Policies (Policies)	Mar. 31, 2024
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
Recent Significant Accounting Pronouncements	Recent Significant Accounting Pronouncements: In November 2023, FASB issued ASU 2023-09, “Income Taxes (Topic 740) – Improvements to Income Tax Disclosures.” The amendments in ASU 2023-09 require that a public entity disclose, on an annual basis, specific categories in the rate reconciliation and provide additional information for reconciling items that meet a quantitative threshold, the amount of income taxes paid disaggregated by federal, state and foreign taxes, and the amount of income taxes paid disaggregated by individual jurisdictions in which income taxes paid is equal to or granter than five percent of total income taxes paid. The amendments also require that entities disclose income from continuing operations before income tax expense disaggregated between domestic and foreign, as well as income tax expense from continuing operations disaggregated by federal, state and foreign. The amendments apply to all public entities that are subject to Topic 740, “Income Taxes,” and are effective for annual periods beginning after December 15, 2024. Early adoption is permitted. The amendments are to be applied on a prospective basis; however, retrospective application is permitted. The Corporation does not expect the adoption of ASU 2023-09 to have a material effect on its consolidated financial statements. Other accounting standards that have been issued by the FASB or other standards-setting bodies are not currently expected to have a material effect on the Corporation’s financial position, results of operations or cash flows.

Securities (Tables)

Securities (Tables)	3 Months Ended
Securities (Tables)	Mar. 31, 2024
Securities
Summary of available for sale debt securities	March 31, 2024 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. Treasury securities $ 28,944 $ — $ (638) $ 28,306 U.S. government agencies and corporations 84,380 — (9,662) 74,718 Mortgage-backed securities 176,686 52 (17,550) 159,188 Obligations of states and political subdivisions 149,497 1,640 (4,486) 146,651 Corporate and other debt securities 25,177 — (3,619) 21,558 $ 464,684 $ 1,692 $ (35,955) $ 430,421 December 31, 2023 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. Treasury securities $ 45,883 $ — $ (780) $ 45,103 U.S. government agencies and corporations 96,407 — (9,313) 87,094 Mortgage-backed securities 177,734 185 (16,223) 161,696 Obligations of states and political subdivisions 148,875 2,280 (4,044) 147,111 Corporate and other debt securities 25,193 — (3,753) 21,440 $ 494,092 $ 2,465 $ (34,113) $ 462,444
Schedule of amortized cost and estimated fair value of securities, by the earlier of contractual maturity or expected maturity	March 31, 2024 Amortized (Dollars in thousands) Cost Fair Value Due in one year or less $ 90,655 $ 87,601 Due after one year through five years 174,821 159,652 Due after five years through ten years 127,667 114,580 Due after ten years 71,541 68,588 $ 464,684 $ 430,421
Schedule of gross realized gains and losses and the proceeds	Three Months Ended March 31, (Dollars in thousands) 2024 2023 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 $ 37,324 $ 19,730
Schedule of securities in an unrealized loss position	Securities in an unrealized loss position at March 31, 2024, 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 $ — — $ 28,306 $ 638 $ 28,306 $ 638 U.S. government agencies and corporations — — 74,718 9,662 74,718 9,662 Mortgage-backed securities 6,491 119 147,290 17,431 153,781 17,550 Obligations of states and political subdivisions 14,416 183 64,810 4,303 79,226 4,486 Corporate and other debt securities 2,672 328 18,886 3,291 21,558 3,619 Total $ 23,579 $ 630 $ 334,010 $ 35,325 $ 357,589 $ 35,955 Securities in an unrealized loss position at December 31, 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 $ — — $ 45,103 $ 780 $ 45,103 $ 780 U.S. government agencies and corporations — — 87,094 9,313 87,094 9,313 Mortgage-backed securities 5,528 68 150,023 16,155 155,551 16,223 Obligations of states and political subdivisions 4,659 72 65,630 3,972 70,289 4,044 Corporate and other debt securities 3,386 364 18,054 3,389 21,440 3,753 Total $ 13,573 $ 504 $ 365,904 $ 33,609 $ 379,477 $ 34,113

Loans (Tables)

Loans (Tables)	3 Months Ended
Loans (Tables)	Mar. 31, 2024
Loans
Summary of classes of loans	March 31, December 31, (Dollars in thousands) 2024 2023 Commercial real estate $ 693,603 $ 668,122 Commercial business 116,236 115,348 Construction - commercial real estate 96,916 69,768 Land acquisition and development 29,644 29,064 Builder lines 28,363 24,668 Construction - consumer real estate 12,471 11,223 Residential mortgage 300,178 293,256 Equity lines 54,463 51,592 Other consumer 9,450 10,588 Consumer finance - automobiles 407,280 401,276 Consumer finance - marine and recreational vehicles 68,823 67,234 Subtotal 1,817,427 1,742,139 Less allowance for credit losses (40,200) (39,651) Loans, net $ 1,777,227 $ 1,702,488
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 $ — $ — $ — $ — $ 693,603 $ 693,603 $ — Commercial business 9 — — 9 116,227 116,236 — Construction - commercial real estate — — — — 96,916 96,916 — Land acquisition and development — — — — 29,644 29,644 — Builder lines — — — — 28,363 28,363 — Construction - consumer real estate — — — — 12,471 12,471 — Residential mortgage 780 — 216 996 299,182 300,178 216 Equity lines 457 — 161 618 53,845 54,463 62 Other consumer 78 — 9 87 9,363 9,450 — Consumer finance - automobiles 10,782 1,330 705 12,817 394,463 407,280 — Consumer finance - marine and recreational vehicles 385 — 36 421 68,402 68,823 — Total $ 12,491 $ 1,330 $ 1,127 $ 14,948 $ 1,802,479 $ 1,817,427 $ 278 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. 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 $ 92 $ — $ — $ 92 $ 668,030 $ 668,122 $ — Commercial business — — 1 1 115,347 115,348 1 Construction - commercial real estate — — — — 69,768 69,768 — Land acquisition and development — — — — 29,064 29,064 — Builder lines — — — — 24,668 24,668 — Construction - consumer real estate — — — — 11,223 11,223 — Residential mortgage 1,643 387 273 2,303 290,953 293,256 89 Equity lines 215 103 115 433 51,159 51,592 38 Other consumer 3 — 9 12 10,576 10,588 — Consumer finance - automobiles 15,263 2,628 892 18,783 382,493 401,276 — Consumer finance - marine and recreational vehicles 282 115 — 397 66,837 67,234 — Total $ 17,498 $ 3,233 $ 1,290 $ 22,021 $ 1,720,118 $ 1,742,139 $ 128 1
Schedule of loans on nonaccrual status	March 31, December 31, (Dollars in thousands) 2024 2023 Residential mortgage $ 441 $ 320 Equity lines 99 77 Other consumer 10 9 Consumer finance - automobiles 705 892 Consumer finance - marine and recreational vehicles 36 — Total $ 1,291 $ 1,298
Summary of amortized cost basis of loans that were both experiencing financial difficulty and modified	Three Months Ended March 31, 2024 Three Months Ended March 31, 2023 % of Total % of Total Class of Class of Amortized Financing Amortized Financing (Dollars in thousands) Cost Receivable Cost Receivable Term Extension Residential mortgage $ 341 0.1 % $ — — % Total Term Extension $ 341 $ — Combination Term Extension and Interest Rate Reduction Commercial real estate $ — — % $ 47 — % Residential mortgage 19 — — — Total Combination Term Extension and Interest Rate Reduction $ 19 $ 47 Total $ 360 0.1 % $ 47 — % Three Months Ended March 31, 2024 Three Months Ended March 31, 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 — % — 0.75 % 4.9 Residential mortgage 1.51 6.9 — — Total 1.51 % 6.9 0.75 % 4.9

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	3 Months Ended
Allowance for Credit Losses (Tables)	Mar. 31, 2024
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, 2023 $ 12,315 $ 3,758 $ 23,578 $ 39,651 Provision charged to operations 535 65 3,000 3,600 Loans charged off — (101) (4,103) (4,204) Recoveries of loans previously charged off 9 53 1,091 1,153 Balance at March 31, 2024 $ 12,859 $ 3,775 $ 23,566 $ 40,200 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 233 117 1,600 1,950 Loans charged off (16) (89) (3,108) (3,213) Recoveries of loans previously charged off 35 45 1,008 1,088 Balance at March 31, 2023 $ 11,449 $ 3,510 $ 25,875 $ 40,834
Schedule of breakdown of provision for credit losses	Three Months Ended March 31, (Dollars in thousands) 2024 2023 Provision for credit losses: Provision for loans $ 3,600 $ 1,950 Provision for unfunded commitments (100) 100 Total $ 3,500 $ 2,050
Schedule of loans by credit quality indicators	The table below details the recorded balance of the classes of loans within the commercial and consumer loan portfolios by loan rating, which is reviewed on a quarterly basis, and year of origination as of March 31, 2024: Revolving Revolving Term Loans Recorded Balance by Origination Year Loans Loans Recorded Converted (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Balance to Term 1 Total Commercial real estate: Loan Rating Pass $ 43,928 $ 80,300 $ 124,273 $ 153,348 $ 114,997 $ 169,989 $ — $ 116 $ 686,951 Special Mention — — — 5,699 — 953 — — 6,652 Total $ 43,928 $ 80,300 $ 124,273 $ 159,047 $ 114,997 $ 170,942 $ — $ 116 $ 693,603 Commercial business: Loan Rating Pass $ 2,533 $ 16,156 $ 18,358 $ 16,552 $ 11,782 $ 27,633 $ 22,967 $ 169 $ 116,150 Special Mention 27 59 — — — — — — 86 Total $ 2,560 $ 16,215 $ 18,358 $ 16,552 $ 11,782 $ 27,633 $ 22,967 $ 169 $ 116,236 Construction - commercial real estate: Loan Rating Pass $ 5,771 $ 38,685 $ 48,979 $ — $ 3,481 $ — $ — $ — $ 96,916 Total $ 5,771 $ 38,685 $ 48,979 $ — $ 3,481 $ — $ — $ — $ 96,916 Land acquisition and development: Loan Rating Pass $ 265 $ 5,959 $ 4,251 $ 9,176 $ 9,993 $ — $ — $ — $ 29,644 Total $ 265 $ 5,959 $ 4,251 $ 9,176 $ 9,993 $ — $ — $ — $ 29,644 Builder lines: Loan Rating Pass $ 8,790 $ 16,055 $ 3,020 $ 94 $ — $ 404 $ — $ — $ 28,363 Total $ 8,790 $ 16,055 $ 3,020 $ 94 $ — $ 404 $ — $ — $ 28,363 Construction - consumer real estate: Loan Rating Pass $ 456 $ 9,976 $ 1,651 $ — $ — $ — $ 388 $ — $ 12,471 Total $ 456 $ 9,976 $ 1,651 $ — $ — $ — $ 388 $ — $ 12,471 Residential mortgage: Loan Rating Pass $ 13,949 $ 60,002 $ 88,854 $ 43,262 $ 38,608 $ 54,635 $ — $ — $ 299,310 Special Mention — — — — — 43 — — 43 Substandard — — — — 103 281 — — 384 Substandard Nonaccrual 134 — — — — 307 — — 441 Total $ 14,083 $ 60,002 $ 88,854 $ 43,262 $ 38,711 $ 55,266 $ — $ — $ 300,178 Equity lines: Loan Rating Pass $ — $ — $ — $ — $ 70 $ 850 $ 53,048 $ 329 $ 54,297 Substandard — — — — — 5 — 62 67 Substandard Nonaccrual — — — — — — — 99 99 Total $ — $ — $ — $ — $ 70 $ 855 $ 53,048 $ 490 $ 54,463 Other consumer: Loan Rating Pass $ 1,101 $ 4,394 $ 2,389 $ 516 $ 219 $ 770 $ 51 $ — $ 9,440 Substandard Nonaccrual — — — — — 10 — — 10 Total $ 1,101 $ 4,394 $ 2,389 $ 516 $ 219 $ 780 $ 51 $ — $ 9,450 Total: Loan Rating Pass $ 76,793 $ 231,527 $ 291,775 $ 222,948 $ 179,150 $ 254,281 $ 76,454 $ 614 $ 1,333,542 Special Mention 27 59 — 5,699 — 996 — — 6,781 Substandard — — — — 103 286 — 62 451 Substandard Nonaccrual 134 — — — — 317 — 99 550 Total $ 76,954 $ 231,586 $ 291,775 $ 228,647 $ 179,253 $ 255,880 $ 76,454 $ 775 $ 1,341,324 1 For the three months ended March 31, 2024, $58,000 of equity lines revolving loans were converted to term. The table below details the recorded balance of the classes of loans within the commercial and consumer loan portfolios by loan rating, which is reviewed on a quarterly basis, and year of origination as of December 31, 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 1 Total Commercial real estate: Loan Rating Pass $ 81,324 $ 125,278 $ 155,805 $ 121,365 $ 37,383 $ 140,158 $ — $ 119 $ 661,432 Special Mention — — 5,731 — — 959 — — 6,690 Total $ 81,324 $ 125,278 $ 161,536 $ 121,365 $ 37,383 $ 141,117 $ — $ 119 $ 668,122 Commercial business: Loan Rating Pass $ 18,682 $ 18,190 $ 17,219 $ 12,062 $ 14,847 $ 15,339 $ 18,686 $ 261 $ 115,286 Special Mention 62 — — — — — — — 62 Total $ 18,744 $ 18,190 $ 17,219 $ 12,062 $ 14,847 $ 15,339 $ 18,686 $ 261 $ 115,348 Construction - commercial real estate: Loan Rating Pass $ 29,346 $ 36,907 $ — $ 3,515 $ — $ — $ — $ — $ 69,768 Total $ 29,346 $ 36,907 $ — $ 3,515 $ — $ — $ — $ — $ 69,768 Land acquisition and development: Loan Rating Pass $ 4,562 $ 4,665 $ 9,844 $ 9,993 $ — $ — $ — $ — $ 29,064 Total $ 4,562 $ 4,665 $ 9,844 $ 9,993 $ — $ — $ — $ — $ 29,064 Builder lines: Loan Rating Pass $ 17,919 $ 5,124 $ 1,221 $ — $ 404 $ — $ — $ — $ 24,668 Total $ 17,919 $ 5,124 $ 1,221 $ — $ 404 $ — $ — $ — $ 24,668 Construction - consumer real estate: Loan Rating Pass $ 7,889 $ 3,240 $ — $ — $ — $ — $ 94 $ — $ 11,223 Total $ 7,889 $ 3,240 $ — $ — $ — $ — $ 94 $ — $ 11,223 Residential mortgage: Loan Rating Pass $ 59,441 $ 91,086 $ 44,292 $ 40,089 $ 11,524 $ 46,192 $ — $ — $ 292,624 Special Mention — — — — — 44 — — 44 Substandard — — — 103 — 165 — — 268 Substandard Nonaccrual — — — — 62 258 — — 320 Total $ 59,441 $ 91,086 $ 44,292 $ 40,192 $ 11,586 $ 46,659 $ — $ — $ 293,256 Equity lines: Loan Rating Pass $ — $ — $ 34 $ 70 $ — $ 857 $ 50,120 $ 344 $ 51,425 Special Mention — — — — — — — 85 85 Substandard — — — — 5 — — — 5 Substandard Nonaccrual — — — — — 9 — 68 77 Total $ — $ — $ 34 $ 70 $ 5 $ 866 $ 50,120 $ 497 $ 51,592 Other consumer: Loan Rating Pass $ 6,263 $ 2,762 $ 606 $ 282 $ 101 $ 519 $ 46 $ — $ 10,579 Substandard Nonaccrual — — — — 9 — — — 9 Total $ 6,263 $ 2,762 $ 606 $ 282 $ 110 $ 519 $ 46 $ — $ 10,588 Total: Loan Rating Pass $ 225,426 $ 287,252 $ 229,021 $ 187,376 $ 64,259 $ 203,065 $ 68,946 $ 724 $ 1,266,069 Special Mention 62 — 5,731 — — 1,003 — 85 6,881 Substandard — — — 103 5 165 — — 273 Substandard Nonaccrual — — — — 71 267 — 68 406 Total $ 225,488 $ 287,252 $ 234,752 $ 187,479 $ 64,335 $ 204,500 $ 68,946 $ 877 $ 1,273,629 1 All balances shown in this column were converted to term during the year ended December 31, 2023. The table below details the recorded balance of the classes of loans within the consumer finance loan portfolio by credit rating at the time of origination and year of origination as of March 31, 2024: Revolving Term Loans Recorded Balance by Origination Year Loans Revolving Converted (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Loans to Term Total Consumer finance - automobiles: Credit rating Very good $ 9,080 $ 13,972 $ 11,117 $ 3,764 $ 866 $ 232 $ — $ — $ 39,031 Good 11,947 33,653 39,081 13,875 2,806 1,014 — — 102,376 Fairly good 12,408 42,347 50,225 23,953 5,272 4,227 — — 138,432 Fair 6,702 27,277 33,698 19,558 6,086 5,275 — — 98,596 Marginal 1,489 5,980 8,042 6,980 2,828 3,526 — — 28,845 Total $ 41,626 $ 123,229 $ 142,163 $ 68,130 $ 17,858 $ 14,274 $ — $ — $ 407,280 Consumer finance - marine and recreational vehicles: Credit rating Very good $ 3,529 $ 7,171 $ 14,336 $ 9,388 $ 9,454 $ 4,650 $ — $ — $ 48,528 Good 996 7,139 7,895 1,553 1,301 835 — — 19,719 Fairly good — 256 219 36 29 36 — — 576 Total $ 4,525 $ 14,566 $ 22,450 $ 10,977 $ 10,784 $ 5,521 $ — $ — $ 68,823 Total: Credit rating Very good $ 12,609 $ 21,143 $ 25,453 $ 13,152 $ 10,320 $ 4,882 $ — $ — $ 87,559 Good 12,943 40,792 46,976 15,428 4,107 1,849 — — 122,095 Fairly good 12,408 42,603 50,444 23,989 5,301 4,263 — — 139,008 Fair 6,702 27,277 33,698 19,558 6,086 5,275 — — 98,596 Marginal 1,489 5,980 8,042 6,980 2,828 3,526 — — 28,845 Total $ 46,151 $ 137,795 $ 164,613 $ 79,107 $ 28,642 $ 19,795 $ — $ — $ 476,103 The table below details the recorded balance of the classes of loans within the consumer finance loan portfolio by credit rating at the time of origination and year of origination as of December 31, 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 $ 14,916 $ 12,395 $ 4,291 $ 1,012 $ 277 $ 22 $ — $ — $ 32,913 Good 35,203 42,800 15,530 3,338 1,090 325 — — 98,286 Fairly good 44,227 54,968 26,645 6,186 3,984 1,470 — — 137,480 Fair 28,779 36,794 22,266 7,014 4,808 1,908 — — 101,569 Marginal 6,359 8,956 7,715 3,322 2,832 1,844 — — 31,028 Total $ 129,484 $ 155,913 $ 76,447 $ 20,872 $ 12,991 $ 5,569 $ — $ — $ 401,276 Consumer finance - marine and recreational vehicles: Credit rating Very good $ 7,481 $ 15,000 $ 9,857 $ 9,952 $ 2,518 $ 2,438 $ — $ — $ 47,246 Good 7,419 8,130 1,602 1,384 410 453 — — 19,398 Fairly good 265 221 37 30 — 37 — — 590 Total $ 15,165 $ 23,351 $ 11,496 $ 11,366 $ 2,928 $ 2,928 $ — $ — $ 67,234 Total: Credit rating Very good $ 22,397 $ 27,395 $ 14,148 $ 10,964 $ 2,795 $ 2,460 $ — $ — $ 80,159 Good 42,622 50,930 17,132 4,722 1,500 778 — — 117,684 Fairly good 44,492 55,189 26,682 6,216 3,984 1,507 — — 138,070 Fair 28,779 36,794 22,266 7,014 4,808 1,908 — — 101,569 Marginal 6,359 8,956 7,715 3,322 2,832 1,844 — — 31,028 Total $ 144,649 $ 179,264 $ 87,943 $ 32,238 $ 15,919 $ 8,497 $ — $ — $ 468,510 The following table details the current period gross charge-offs of loans by year of origination for the three months ended March 31, 2024: Revolving Current Period Gross Charge-offs by Origination Year Loans Revolving Converted (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Loans to Term Total Residential mortgage $ 3 $ — $ — $ — $ — $ — $ — $ — $ 3 Other consumer 1 90 3 5 — — — — — 98 Consumer finance - automobiles — 724 1,869 1,059 213 190 — — 4,055 Consumer finance - marine and recreational vehicles — 17 23 — 8 — — — 48 Total $ 93 $ 744 $ 1,897 $ 1,059 $ 221 $ 190 $ — $ — $ 4,204 1 Gross charge-offs of other consumer loans for the three months ended March 31, 2024 included $90,000 of demand deposit overdrafts that originated in 2024. The following table details the current period gross charge-offs of loans by year of origination for the three months ended March 31, 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 Construction - consumer real estate — — — — — — 8 — 8 Other consumer 1 81 — — — — — — — 81 Consumer finance - automobiles — 1,384 938 320 135 285 — — 3,062 Consumer finance - marine and recreational vehicles — 46 — — — — — — 46 Total $ 81 $ 1,446 $ 938 $ 320 $ 135 $ 285 $ 8 $ — $ 3,213 1 Gross charge-offs of other consumer loans for the three months ended March 31, 2023 included $81,000 of demand deposit overdrafts that originated in 2023.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
Goodwill and Other Intangible Assets (Tables)	Mar. 31, 2024
Goodwill and Other Intangible Assets
Schedule of gross carrying amounts and accumulated amortization of other intangible assets	March 31, December 31, 2024 2023 Gross Gross Carrying Accumulated Carrying Accumulated (Dollars in thousands) Amount Amortization Amount Amortization Amortizable intangible assets: Core deposit intangibles $ 1,711 $ (616) $ 1,711 $ (588) Other amortizable intangibles 1,405 (1,158) 1,405 (1,121) Total $ 3,116 $ (1,774) $ 3,116 $ (1,709)

Equity, Other Comprehensive I_2

Equity, Other Comprehensive Income (Loss) and Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2024
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 December 31, 2023 $ (25,002) $ (2,752) $ 1,067 $ (26,687) Other comprehensive (loss) income arising during the period (2,615) — 106 (2,509) Related income tax effects 549 — (27) 522 (2,066) — 79 (1,987) Reclassifications into net income — 9 (3) 6 Related income tax effects — (2) 1 (1) — 7 (2) 5 Other comprehensive (loss) income, net of tax (2,066) 7 77 (1,982) Accumulated other comprehensive (loss) income at March 31, 2024 $ (27,068) $ (2,745) $ 1,144 $ (28,669) 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 income (loss) arising during the period 6,680 — (353) 6,327 Related income tax effects (1,403) — 91 (1,312) 5,277 — (262) 5,015 Reclassifications into net income 5 21 (2) 24 Related income tax effects (1) (4) 1 (4) 4 17 (1) 20 Other comprehensive income (loss), net of tax 5,281 17 (263) 5,035 Accumulated other comprehensive (loss) income at March 31, 2023 $ (29,903) $ (3,219) $ 1,199 $ (31,923)
Schedule of reclassifications from accumulated other comprehensive loss	Three Months Ended March 31, Line Item In the Consolidated (Dollars in thousands) 2024 2023 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 (27) (38) Noninterest expenses - Other Amortization of prior service credit into net income 18 17 Noninterest expenses - Other Related income tax effects 2 4 Income tax expense (7) (17) Net of tax Cash flow hedges: Amortization of hedging gains into net income 3 2 Interest expense - Trust preferred capital notes Related income tax effects (1) (1) Income tax expense 2 1 Net of tax Total reclassifications into net income $ (5) $ (20) 1 See “Note 8: Employee Benefit Plans,” for additional information.
Schedule of components earnings per share calculations	Three Months Ended March 31, (Dollars in thousands) 2024 2023 Net income attributable to C&F Financial Corporation $ 3,401 $ 6,441 Weighted average shares outstanding — 3,370,934 3,464,895

Share-Based Plans (Tables)

Share-Based Plans (Tables)	3 Months Ended
Share-Based Plans (Tables)	Mar. 31, 2024
Share-Based Plans
Summary of activity for restricted stock awards	2024 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2023 135,694 $ 52.13 Granted 11,775 52.93 Vested (26,096) 47.74 Forfeited (135) 58.42 Unvested, March 31, 2024 121,238 53.15 2023 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2022 145,677 $ 48.88 Granted 10,655 59.00 Vested (19,408) 52.34 Forfeited (1,170) 50.54 Unvested, March 31, 2023 135,754 49.16

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
Employee Benefit Plans (Tables)	Mar. 31, 2024
Employee Benefit Plans
Schedule of net periodic benefit costs	Three Months Ended March 31, (Dollars in thousands) 2024 2023 Components of net periodic benefit cost: Service cost, included in salaries and employee benefits $ 369 $ 358 Other components of net periodic benefit cost: Interest cost 189 182 Expected return on plan assets (341) (325) Amortization of prior service credit (18) (17) Recognized net actuarial losses 27 38 Other components of net periodic benefit cost, included in other noninterest expense (143) (122) Net periodic benefit cost $ 226 $ 236

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	3 Months Ended
Fair Value of Assets and Liabilities (Tables)	Mar. 31, 2024
Fair Value of Assets and Liabilities
Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis	March 31, 2024 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 $ — $ 28,306 $ — $ 28,306 U.S. government agencies and corporations — 74,718 — 74,718 Mortgage-backed securities — 159,188 — 159,188 Obligations of states and political subdivisions — 146,651 — 146,651 Corporate and other debt securities — 21,558 — 21,558 Total securities available for sale — 430,421 — 430,421 Loans held for sale — 22,622 — 22,622 Other investments — 3,653 — 3,653 Derivatives IRLC — 740 — 740 Interest rate swaps on loans — 6,287 — 6,287 Cash flow hedges — 1,521 — 1,521 Total assets $ — $ 465,244 $ — $ 465,244 Liabilities: Derivatives Interest rate swaps on loans $ — $ 6,287 $ — $ 6,287 Total liabilities $ — $ 6,287 $ — $ 6,287 December 31, 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 $ — $ 45,103 $ — $ 45,103 U.S. government agencies and corporations — 87,094 — 87,094 Mortgage-backed securities — 161,696 — 161,696 Obligations of states and political subdivisions — 147,111 — 147,111 Corporate and other debt securities — 21,440 — 21,440 Total securities available for sale — 462,444 — 462,444 Loans held for sale — 14,176 — 14,176 Other investments — 3,751 — 3,751 Derivatives IRLC — 335 — 335 Interest rate swaps on loans — 6,110 — 6,110 Cash flow hedges — 1,415 — 1,415 Total assets $ — $ 488,231 $ — $ 488,231 Liabilities: Derivatives Interest rate swaps on loans $ — $ 6,110 $ — $ 6,110 Total liabilities $ — $ 6,110 $ — $ 6,110
Schedule of carrying amounts and estimated fair values of financial instruments	Carrying Fair Value Measurements at March 31, 2024 Classified as Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ 56,960 $ 55,207 $ 1,753 $ — $ 56,960 Securities available for sale 430,421 — 430,421 — 430,421 Loans, net 1,777,227 — — 1,719,470 1,719,470 Loans held for sale 22,622 — 22,622 — 22,622 Other investments 3,653 — 3,653 — 3,653 Derivatives IRLC 740 — 740 — 740 Interest rate swaps on loans 6,287 — 6,287 — 6,287 Cash flow hedges 1,521 — 1,521 — 1,521 Bank-owned life insurance 21,586 — 21,586 — 21,586 Accrued interest receivable 10,595 10,595 — — 10,595 Financial liabilities: Demand and savings deposits 1,351,762 1,351,762 — — 1,351,762 Time deposits 736,170 — 733,161 — 733,161 Borrowings 113,214 — 100,121 — 100,121 Derivatives Interest rate swaps on loans 6,287 — 6,287 — 6,287 Accrued interest payable 4,644 4,644 — — 4,644 Carrying Fair Value Measurements at December 31, 2023 Classified as Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ 77,403 $ 75,159 $ 2,244 $ — $ 77,403 Securities available for sale 462,444 — 462,444 — 462,444 Loans, net 1,702,488 — — 1,643,462 1,643,462 Loans held for sale 14,176 — 14,176 — 14,176 Other investments 3,751 — 3,751 — 3,751 Derivatives IRLC 335 — 335 — 335 Interest rate swaps on loans 6,110 — 6,110 — 6,110 Cash flow hedges 1,415 — 1,415 — 1,415 Bank-owned life insurance 21,464 — 21,464 — 21,464 Accrued interest receivable 10,398 10,398 — — 10,398 Financial liabilities: Demand and savings deposits 1,392,931 1,392,931 — — 1,392,931 Time deposits 673,199 — 668,965 — 668,965 Borrowings 103,618 — 90,120 — 90,120 Derivatives Interest rate swaps on loans 6,110 — 6,110 — 6,110 Accrued interest payable 3,493 3,493 — — 3,493

Business Segments (Tables)

Business Segments (Tables)	3 Months Ended
Business Segments (Tables)	Mar. 31, 2024
Business Segments
Schedule of segment reporting information, by segment	Three Months Ended March 31, 2024 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 26,169 $ 281 $ 12,025 $ — $ (5,767) $ 32,708 Interest expense 9,005 44 5,803 545 (5,847) 9,550 Net interest income 17,164 237 6,222 (545) 80 23,158 Gain on sales of loans — 1,481 — — (193) 1,288 Other noninterest income 4,110 1,048 255 840 (49) 6,204 Net revenue 21,274 2,766 6,477 295 (162) 30,650 Provision for loan losses 500 — 3,000 — — 3,500 Noninterest expense 15,916 2,373 3,560 1,317 (16) 23,150 Income (loss) before taxes 4,858 393 (83) (1,022) (146) 4,000 Income tax expense (benefit) 846 99 (20) (328) (32) 565 Net income (loss) $ 4,012 $ 294 $ (63) $ (694) $ (114) $ 3,435 Other data: Capital expenditures $ 293 $ 81 $ 111 $ — $ — $ 485 Depreciation and amortization $ 838 $ 14 $ 85 $ — $ — $ 937 Three Months Ended March 31, 2023 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 23,131 $ 296 $ 11,508 $ — $ (5,630) $ 29,305 Interest expense 3,743 62 5,607 603 (5,668) 4,347 Net interest income 19,388 234 5,901 (603) 38 24,958 Gain on sales of loans — 1,857 — — (63) 1,794 Other noninterest income 3,910 1,001 233 757 (58) 5,843 Net revenue 23,298 3,092 6,134 154 (83) 32,595 Provision for loan losses 450 — 1,600 — — 2,050 Noninterest expense 14,935 2,798 3,828 1,050 (16) 22,595 Income (loss) before taxes 7,913 294 706 (896) (67) 7,950 Income tax expense (benefit) 1,495 67 197 (287) (19) 1,453 Net income (loss) $ 6,418 $ 227 $ 509 $ (609) $ (48) $ 6,497 Other data: Capital expenditures $ 515 $ — $ — $ — $ — $ 515 Depreciation and amortization $ 864 $ 24 $ 100 $ — $ — $ 988 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Total assets at March 31, 2024 $ 2,351,463 $ 31,538 $ 483,674 $ 34,453 $ (431,377) $ 2,469,751 Total assets at December 31, 2023 $ 2,319,810 $ 22,177 $ 476,671 $ 35,581 $ (415,741) $ 2,438,498

Derivative Financial Instrume_2

Derivative Financial Instruments (Tables)	3 Months Ended
Derivative Financial Instruments (Tables)	Mar. 31, 2024
Derivative Financial Instruments
Schedule of key elements of derivative instruments other than forward sales of mortgage loans	March 31, 2024 Notional (Dollars in thousands) Amount Assets Liabilities Cash flow hedges: Interest rate swap contracts $ 25,000 $ 1,521 $ — Not designated as hedges: Customer-related interest rate swap contracts: Matched interest rate swaps with borrower 109,255 785 5,502 Matched interest rate swaps with counterparty 109,255 5,502 785 Mortgage banking contracts: IRLCs 55,759 740 — December 31, 2023 Notional (Dollars in thousands) Amount Assets Liabilities Cash flow hedges: Interest rate swap contracts $ 25,000 $ 1,415 $ — Not designated as hedges: Customer-related interest rate swap contracts: Matched interest rate swaps with borrower 109,638 1,611 4,499 Matched interest rate swaps with counterparty 109,638 4,499 1,611 Mortgage banking contracts: IRLCs 26,152 335 —

Other Noninterest Expenses (Tab

Other Noninterest Expenses (Tables)	3 Months Ended
Other Noninterest Expenses (Tables)	Mar. 31, 2024
Other Noninterest Expenses.
Schedule of other noninterest expense	Three Months Ended March 31, (Dollars in thousands) 2024 2023 Telecommunication expenses $ 391 $ 275 Travel and educational expenses 289 348 Licenses and taxes expense 236 202 Provision for indemnifications (140) — Other components of net periodic pension cost (143) (122) All other noninterest expenses 1,631 1,618 Total other noninterest expenses $ 2,264 $ 2,321

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Nature of Operations and Derivative Financial Instruments (Details)	Mar. 31, 2024 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%

Securities - Available for sale

Securities - Available for sale Securities (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 464,684	$ 494,092
Gross Unrealized Gains	1,692	2,465
Gross Unrealized Losses	(35,955)	(34,113)
Fair Value	430,421	462,444
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	28,944	45,883
Gross Unrealized Losses	(638)	(780)
Fair Value	28,306	45,103
U.S. government agencies and corporations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	84,380	96,407
Gross Unrealized Losses	(9,662)	(9,313)
Fair Value	74,718	87,094
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	176,686	177,734
Gross Unrealized Gains	52	185
Gross Unrealized Losses	(17,550)	(16,223)
Fair Value	159,188	161,696
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	149,497	148,875
Gross Unrealized Gains	1,640	2,280
Gross Unrealized Losses	(4,486)	(4,044)
Fair Value	146,651	147,111
Corporate and other debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	25,177	25,193
Gross Unrealized Losses	(3,619)	(3,753)
Fair Value	$ 21,558	$ 21,440

Securities - Maturities and Rea

Securities - Maturities and Realized Gains and Losses (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) security	Mar. 31, 2023 USD ($) security	Dec. 31, 2023 USD ($)
Securities
Exclude accrued interest receivable from the amortized cost basis of securities	$ 2,760
Amortized Cost
Due in one year or less	90,655
Due after one year through five years	174,821
Due after five years through ten years	127,667
Due after ten years	71,541
Amortized Cost	464,684		$ 494,092
Fair Value
Due in one year or less	87,601
Due after one year through five years	159,652
Due after five years through ten years	114,580
Due after ten years	68,588
Fair Value	$ 430,421		$ 462,444
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	$ 37,324	$ 19,730

Securities - Pledged as Collate

Securities - Pledged as Collateral (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Available for sale securities
Amortized Cost	$ 464,684	$ 494,092
Fair Value	430,421	462,444
Securities Pledged as Collateral
Available for sale securities
Amortized Cost	205,650	215,970
Fair Value	$ 187,130	$ 198,850

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Details)	3 Months Ended
Securities - Unrealized Loss Positions (Details)	Mar. 31, 2024 USD ($) security	Dec. 31, 2023 USD ($)
Fair value
Less Than 12 Months, Fair Value	$ 23,579,000	$ 13,573,000
12 Months or More, Fair Value	334,010,000	365,904,000
Total Fair Value	357,589,000	379,477,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	630,000	504,000
12 Months or More, Unrealized Loss	35,325,000	33,609,000
Total Unrealized Loss	$ 35,955,000	34,113,000
Other information
Number of positions \| security	513
Aggregate fair value	$ 357,589,000	379,477,000
Other than temporary impairment	0
U.S. Treasury securities
Fair value
12 Months or More, Fair Value	28,306,000	45,103,000
Total Fair Value	28,306,000	45,103,000
Unrealized Loss
12 Months or More, Unrealized Loss	638,000	780,000
Total Unrealized Loss	638,000	780,000
Other information
Aggregate fair value	28,306,000	45,103,000
U.S. government agencies and corporations
Fair value
12 Months or More, Fair Value	74,718,000	87,094,000
Total Fair Value	74,718,000	87,094,000
Unrealized Loss
12 Months or More, Unrealized Loss	9,662,000	9,313,000
Total Unrealized Loss	9,662,000	9,313,000
Other information
Aggregate fair value	74,718,000	87,094,000
Mortgage-backed securities
Fair value
Less Than 12 Months, Fair Value	6,491,000	5,528,000
12 Months or More, Fair Value	147,290,000	150,023,000
Total Fair Value	153,781,000	155,551,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	119,000	68,000
12 Months or More, Unrealized Loss	17,431,000	16,155,000
Total Unrealized Loss	17,550,000	16,223,000
Other information
Aggregate fair value	153,781,000	155,551,000
Obligations of states and political subdivisions
Fair value
Less Than 12 Months, Fair Value	14,416,000	4,659,000
12 Months or More, Fair Value	64,810,000	65,630,000
Total Fair Value	79,226,000	70,289,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	183,000	72,000
12 Months or More, Unrealized Loss	4,303,000	3,972,000
Total Unrealized Loss	4,486,000	4,044,000
Other information
Aggregate fair value	79,226,000	70,289,000
Corporate and other debt securities
Fair value
Less Than 12 Months, Fair Value	2,672,000	3,386,000
12 Months or More, Fair Value	18,886,000	18,054,000
Total Fair Value	21,558,000	21,440,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	328,000	364,000
12 Months or More, Unrealized Loss	3,291,000	3,389,000
Total Unrealized Loss	3,619,000	3,753,000
Other information
Aggregate fair value	$ 21,558,000	$ 21,440,000

Securities - Restricted Stocks

Securities - Restricted Stocks and others (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Securities
Investment in restricted stock	$ 3,590,000	$ 2,930,000
Restricted stocks, other-than-temporary impairment	$ 0

Loans - Classes of Loans (Detai

Loans - Classes of Loans (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Exclude accrued interest receivable from the amortized cost basis of loans	$ 7,830,000
Subtotal	1,817,427,000	$ 1,742,139,000
Less allowance for credit losses	(40,200,000)	(39,651,000)	$ (40,834,000)	$ (40,518,000)
Loans, net	1,777,227,000	1,702,488,000
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	693,603,000	668,122,000
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	116,236,000	115,348,000
Construction - commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	96,916,000	69,768,000
Land acquisition and development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	29,644,000	29,064,000
Builder lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	28,363,000	24,668,000
Construction - consumer real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	12,471,000	11,223,000
Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	300,178,000	293,256,000
Equity lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	54,463,000	51,592,000
Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	9,450,000	10,588,000
Amount included related to demand deposit overdrafts	180,000	228,000
Consumer finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	476,103,000	468,510,000
Less allowance for credit losses	(23,566,000)	(23,578,000)	$ (25,875,000)	$ (25,969,000)
Consumer finance \| Automobiles
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	407,280,000	401,276,000
Consumer finance \| Marine and recreational vehicles
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	$ 68,823,000	$ 67,234,000

Loans - Loan Portfolio by Class

Loans - Loan Portfolio by Class (Details) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	$ 1,817,427,000	$ 1,742,139,000
90+ Days Past Due and Accruing	278,000	128,000
Loans on nonaccrual status	1,291,000	1,298,000
Nonaccrual loans, 90+ days past due	1,160,000
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	12,491,000	17,498,000
Loans on nonaccrual status	286,000
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	1,330,000	3,233,000
Loans on nonaccrual status	22,000
90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	1,127,000	1,290,000
Nonaccrual loans, 90+ days past due	850,000
Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	14,948,000	22,021,000
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	1,802,479,000	1,720,118,000
Loans on nonaccrual status	113,000
Current, nonaccrual status	155,000
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	693,603,000	668,122,000
Commercial real estate \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross		92,000
Commercial real estate \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross		92,000
Commercial real estate \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	693,603,000	668,030,000
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	116,236,000	115,348,000
90+ Days Past Due and Accruing		1,000
Commercial business \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	9,000
Commercial business \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross		1,000
Commercial business \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	9,000	1,000
Commercial business \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	116,227,000	115,347,000
Construction - commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	96,916,000	69,768,000
Construction - commercial real estate \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	96,916,000	69,768,000
Land acquisition and development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	29,644,000	29,064,000
Land acquisition and development \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	29,644,000	29,064,000
Builder lines
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	28,363,000	24,668,000
Builder lines \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	28,363,000	24,668,000
Construction - consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	12,471,000	11,223,000
Construction - consumer real estate \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	12,471,000	11,223,000
Residential mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	300,178,000	293,256,000
90+ Days Past Due and Accruing	216,000	89,000
Loans on nonaccrual status	441,000	320,000
Residential mortgage \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	780,000	1,643,000
Residential mortgage \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross		387,000
Residential mortgage \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	216,000	273,000
Residential mortgage \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	996,000	2,303,000
Residential mortgage \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	299,182,000	290,953,000
Equity lines
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	54,463,000	51,592,000
90+ Days Past Due and Accruing	62,000	38,000
Loans on nonaccrual status	99,000	77,000
Equity lines \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	457,000	215,000
Equity lines \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross		103,000
Equity lines \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	161,000	115,000
Equity lines \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	618,000	433,000
Equity lines \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	53,845,000	51,159,000
Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	9,450,000	10,588,000
Loans on nonaccrual status	10,000	9,000
Other consumer \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	78,000	3,000
Other consumer \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	9,000	9,000
Other consumer \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	87,000	12,000
Other consumer \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	9,363,000	10,576,000
Consumer finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	476,103,000	468,510,000
Consumer finance \| Automobiles
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	407,280,000	401,276,000
Loans on nonaccrual status	705,000	892,000
Consumer finance \| Automobiles \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	10,782,000	15,263,000
Consumer finance \| Automobiles \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	1,330,000	2,628,000
Consumer finance \| Automobiles \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	705,000	892,000
Consumer finance \| Automobiles \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	12,817,000	18,783,000
Consumer finance \| Automobiles \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	394,463,000	382,493,000
Consumer finance \| Marine and recreational vehicles
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	68,823,000	67,234,000
Loans on nonaccrual status	36,000
Consumer finance \| Marine and recreational vehicles \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	385,000	282,000
Consumer finance \| Marine and recreational vehicles \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross		115,000
Consumer finance \| Marine and recreational vehicles \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	36,000
Consumer finance \| Marine and recreational vehicles \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	421,000	397,000
Consumer finance \| Marine and recreational vehicles \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	$ 68,402,000	$ 66,837,000

Loans - Amortized cost basis of

Loans - Amortized cost basis of loans on nonaccrual status (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Interest income on loans on nonaccrual status	$ 3,000
Reversal of interest income upon placing loans on nonaccrual status	0
Loans on nonaccrual status	1,291,000	$ 1,298,000
Residential mortgage
Loans on nonaccrual status	441,000	320,000
Equity lines
Loans on nonaccrual status	99,000	77,000
Consumer finance \| Automobiles
Loans on nonaccrual status	705,000	$ 892,000
Consumer finance \| Marine and recreational vehicles
Loans on nonaccrual status	$ 36,000

Loans - Amortized cost basis _2

Loans - Amortized cost basis of loans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Financing Receivable, Modifications [Line Items]
Amortized Cost	$ 360	$ 47
% of Total Class of Financing Receivable	0.10%
Term Extension
Financing Receivable, Modifications [Line Items]
Amortized Cost	$ 341
Interest Rate Reduction
Financing Receivable, Modifications [Line Items]
Amortized Cost	19	47
Commercial real estate \| Interest Rate Reduction
Financing Receivable, Modifications [Line Items]
Amortized Cost		$ 47
Residential mortgage \| Term Extension
Financing Receivable, Modifications [Line Items]
Amortized Cost	$ 341
% of Total Class of Financing Receivable	0.10%
Residential mortgage \| Interest Rate Reduction
Financing Receivable, Modifications [Line Items]
Amortized Cost	$ 19

Loans - Loan Modifications (Det

Loans - Loan Modifications (Details) - USD ($)	3 Months Ended
Loans - Loan Modifications (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average interest rate of modified financing receivables	1.51%	0.75%
Weighted average extension term of modified financing receivables	6 years 10 months 24 days	4 years 10 months 24 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%
Weighted average extension term of modified financing receivables		4 years 10 months 24 days
Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average interest rate of modified financing receivables	1.51%
Weighted average extension term of modified financing receivables	6 years 10 months 24 days

Allowance for Credit Losses - L

Allowance for Credit Losses - Loan Portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Allowance for credit losses activity by loan portfolio
Beginning balance	$ 39,651	$ 40,518	$ 40,518
Provision charged to operations	3,600	1,950
Loans charged off	(4,204)	(3,213)	(3,213)
Recoveries of loans previously charged off	1,153	1,088
Ending balance	40,200	40,834	39,651
Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		(113)
Impact of ASC 326 \| Accounting Standards Update 2016-13 \| PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		604
Commercial
Allowance for credit losses activity by loan portfolio
Beginning balance	12,315	11,219	11,219
Provision charged to operations	535	233
Loans charged off		(16)
Recoveries of loans previously charged off	9	35
Ending balance	12,859	11,449	12,315
Commercial \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		(617)
Commercial \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		595
Consumer
Allowance for credit losses activity by loan portfolio
Beginning balance	3,758	3,330	3,330
Provision charged to operations	65	117
Loans charged off	(101)	(89)
Recoveries of loans previously charged off	53	45
Ending balance	3,775	3,510	3,758
Consumer \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		98
Consumer \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		9
Consumer finance
Allowance for credit losses activity by loan portfolio
Beginning balance	23,578	25,969	25,969
Provision charged to operations	3,000	1,600
Loans charged off	(4,103)	(3,108)
Recoveries of loans previously charged off	1,091	1,008
Ending balance	$ 23,566	25,875	$ 23,578
Consumer finance \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		$ 406

Allowance for Credit Losses - P

Allowance for Credit Losses - Provision for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Allowance for Credit Losses
Provision for loans	$ 3,600	$ 1,950
Provision for unfunded commitments	(100)	100
Total	$ 3,500	$ 2,050

Allowance for Credit Losses -_2

Allowance for Credit Losses - Loan Rating and Year of Origination (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Term Loans Amortized Cost Basis by Origination Year
Loans, gross	$ 1,817,427	$ 1,742,139
Revolving Loans Converted to Term	58,000
Commercial and consumer loan portfolio
Term Loans Amortized Cost Basis by Origination Year
2023	76,954	225,488
2022	231,586	287,252
2021	291,775	234,752
2020	228,647	187,479
2019	179,253	64,335
Prior	255,880	204,500
Revolving Loans Recorded Balance	76,454	68,946
Loans, gross	1,341,324	1,273,629
Revolving Loans Converted to Term	775	877
Commercial and consumer loan portfolio \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	76,793	225,426
2022	231,527	287,252
2021	291,775	229,021
2020	222,948	187,376
2019	179,150	64,259
Prior	254,281	203,065
Revolving Loans Recorded Balance	76,454	68,946
Loans, gross	1,333,542	1,266,069
Revolving Loans Converted to Term	614	724
Commercial and consumer loan portfolio \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2023	27	62
2022	59
2021		5,731
2020	5,699
Prior	996	1,003
Loans, gross	6,781	6,881
Revolving Loans Converted to Term		85
Commercial and consumer loan portfolio \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2020		103
2019	103	5
Prior	286	165
Loans, gross	451	273
Revolving Loans Converted to Term	62
Commercial and consumer loan portfolio \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
2023	134
2019		71
Prior	317	267
Loans, gross	550	406
Revolving Loans Converted to Term	99	68
Commercial real estate
Term Loans Amortized Cost Basis by Origination Year
2023	43,928	81,324
2022	80,300	125,278
2021	124,273	161,536
2020	159,047	121,365
2019	114,997	37,383
Prior	170,942	141,117
Loans, gross	693,603	668,122
Revolving Loans Converted to Term	116	119
Commercial real estate \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	43,928	81,324
2022	80,300	125,278
2021	124,273	155,805
2020	153,348	121,365
2019	114,997	37,383
Prior	169,989	140,158
Loans, gross	686,951	661,432
Revolving Loans Converted to Term	116	119
Commercial real estate \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2021		5,731
2020	5,699
Prior	953	959
Loans, gross	6,652	6,690
Commercial business
Term Loans Amortized Cost Basis by Origination Year
2023	2,560	18,744
2022	16,215	18,190
2021	18,358	17,219
2020	16,552	12,062
2019	11,782	14,847
Prior	27,633	15,339
Revolving Loans Recorded Balance	22,967	18,686
Loans, gross	116,236	115,348
Revolving Loans Converted to Term	169	261
Commercial business \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	2,533	18,682
2022	16,156	18,190
2021	18,358	17,219
2020	16,552	12,062
2019	11,782	14,847
Prior	27,633	15,339
Revolving Loans Recorded Balance	22,967	18,686
Loans, gross	116,150	115,286
Revolving Loans Converted to Term	169	261
Commercial business \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2023	27	62
2022	59
Loans, gross	86	62
Construction - commercial real estate
Term Loans Amortized Cost Basis by Origination Year
2023	5,771	29,346
2022	38,685	36,907
2021	48,979
2020		3,515
2019	3,481
Loans, gross	96,916	69,768
Construction - commercial real estate \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	5,771	29,346
2022	38,685	36,907
2021	48,979
2020		3,515
2019	3,481
Loans, gross	96,916	69,768
Land acquisition and development
Term Loans Amortized Cost Basis by Origination Year
2023	265	4,562
2022	5,959	4,665
2021	4,251	9,844
2020	9,176	9,993
2019	9,993
Loans, gross	29,644	29,064
Land acquisition and development \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	265	4,562
2022	5,959	4,665
2021	4,251	9,844
2020	9,176	9,993
2019	9,993
Loans, gross	29,644	29,064
Builder lines
Term Loans Amortized Cost Basis by Origination Year
2023	8,790	17,919
2022	16,055	5,124
2021	3,020	1,221
2020	94
2019		404
Prior	404
Loans, gross	28,363	24,668
Builder lines \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	8,790	17,919
2022	16,055	5,124
2021	3,020	1,221
2020	94
2019		404
Prior	404
Loans, gross	28,363	24,668
Construction - consumer real estate
Term Loans Amortized Cost Basis by Origination Year
2023	456	7,889
2022	9,976	3,240
2021	1,651
Revolving Loans Recorded Balance	388	94
Loans, gross	12,471	11,223
Construction - consumer real estate \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	456	7,889
2022	9,976	3,240
2021	1,651
Revolving Loans Recorded Balance	388	94
Loans, gross	12,471	11,223
Residential mortgage
Term Loans Amortized Cost Basis by Origination Year
2023	14,083	59,441
2022	60,002	91,086
2021	88,854	44,292
2020	43,262	40,192
2019	38,711	11,586
Prior	55,266	46,659
Loans, gross	300,178	293,256
Residential mortgage \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	13,949	59,441
2022	60,002	91,086
2021	88,854	44,292
2020	43,262	40,089
2019	38,608	11,524
Prior	54,635	46,192
Loans, gross	299,310	292,624
Residential mortgage \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
Prior	43	44
Loans, gross	43	44
Residential mortgage \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2020		103
2019	103
Prior	281	165
Loans, gross	384	268
Residential mortgage \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
2023	134
2019		62
Prior	307	258
Loans, gross	441	320
Equity lines
Term Loans Amortized Cost Basis by Origination Year
2021		34
2020		70
2019	70	5
Prior	855	866
Revolving Loans Recorded Balance	53,048	50,120
Loans, gross	54,463	51,592
Revolving Loans Converted to Term	490	497
Equity lines \| Pass
Term Loans Amortized Cost Basis by Origination Year
2021		34
2020		70
2019	70
Prior	850	857
Revolving Loans Recorded Balance	53,048	50,120
Loans, gross	54,297	51,425
Revolving Loans Converted to Term	329	344
Equity lines \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
Loans, gross		85
Revolving Loans Converted to Term		85
Equity lines \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2019		5
Prior	5
Loans, gross	67	5
Revolving Loans Converted to Term	62
Equity lines \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
Prior		9
Loans, gross	99	77
Revolving Loans Converted to Term	99	68
Other consumer
Term Loans Amortized Cost Basis by Origination Year
2023	1,101	6,263
2022	4,394	2,762
2021	2,389	606
2020	516	282
2019	219	110
Prior	780	519
Revolving Loans Recorded Balance	51	46
Loans, gross	9,450	10,588
Other consumer \| Pass
Term Loans Amortized Cost Basis by Origination Year
2023	1,101	6,263
2022	4,394	2,762
2021	2,389	606
2020	516	282
2019	219	101
Prior	770	519
Revolving Loans Recorded Balance	51	46
Loans, gross	$ 9,440	10,579
Other consumer \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
2019		9
Loans, gross		$ 9

Allowance for Credit Losses - C

Allowance for Credit Losses - Credit Rating and Year of Origination (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Term Loans Amortized Cost Basis by Origination Year
Loans, gross	$ 1,817,427	$ 1,742,139
Revolving Loans Converted to Term	58,000
Consumer finance
Term Loans Amortized Cost Basis by Origination Year
2023	46,151	144,649
2022	137,795	179,264
2021	164,613	87,943
2020	79,107	32,238
2019	28,642	15,919
Prior	19,795	8,497
Loans, gross	476,103	468,510
Consumer finance \| Very good
Term Loans Amortized Cost Basis by Origination Year
2023	12,609	22,397
2022	21,143	27,395
2021	25,453	14,148
2020	13,152	10,964
2019	10,320	2,795
Prior	4,882	2,460
Loans, gross	87,559	80,159
Consumer finance \| Good
Term Loans Amortized Cost Basis by Origination Year
2023	12,943	42,622
2022	40,792	50,930
2021	46,976	17,132
2020	15,428	4,722
2019	4,107	1,500
Prior	1,849	778
Loans, gross	122,095	117,684
Consumer finance \| Fairly good
Term Loans Amortized Cost Basis by Origination Year
2023	12,408	44,492
2022	42,603	55,189
2021	50,444	26,682
2020	23,989	6,216
2019	5,301	3,984
Prior	4,263	1,507
Loans, gross	139,008	138,070
Consumer finance \| Fair
Term Loans Amortized Cost Basis by Origination Year
2023	6,702	28,779
2022	27,277	36,794
2021	33,698	22,266
2020	19,558	7,014
2019	6,086	4,808
Prior	5,275	1,908
Loans, gross	98,596	101,569
Consumer finance \| Marginal
Term Loans Amortized Cost Basis by Origination Year
2023	1,489	6,359
2022	5,980	8,956
2021	8,042	7,715
2020	6,980	3,322
2019	2,828	2,832
Prior	3,526	1,844
Loans, gross	28,845	31,028
Consumer finance \| Automobiles
Term Loans Amortized Cost Basis by Origination Year
2023	41,626	129,484
2022	123,229	155,913
2021	142,163	76,447
2020	68,130	20,872
2019	17,858	12,991
Prior	14,274	5,569
Loans, gross	407,280	401,276
Consumer finance \| Automobiles \| Very good
Term Loans Amortized Cost Basis by Origination Year
2023	9,080	14,916
2022	13,972	12,395
2021	11,117	4,291
2020	3,764	1,012
2019	866	277
Prior	232	22
Loans, gross	39,031	32,913
Consumer finance \| Automobiles \| Good
Term Loans Amortized Cost Basis by Origination Year
2023	11,947	35,203
2022	33,653	42,800
2021	39,081	15,530
2020	13,875	3,338
2019	2,806	1,090
Prior	1,014	325
Loans, gross	102,376	98,286
Consumer finance \| Automobiles \| Fairly good
Term Loans Amortized Cost Basis by Origination Year
2023	12,408	44,227
2022	42,347	54,968
2021	50,225	26,645
2020	23,953	6,186
2019	5,272	3,984
Prior	4,227	1,470
Loans, gross	138,432	137,480
Consumer finance \| Automobiles \| Fair
Term Loans Amortized Cost Basis by Origination Year
2023	6,702	28,779
2022	27,277	36,794
2021	33,698	22,266
2020	19,558	7,014
2019	6,086	4,808
Prior	5,275	1,908
Loans, gross	98,596	101,569
Consumer finance \| Automobiles \| Marginal
Term Loans Amortized Cost Basis by Origination Year
2023	1,489	6,359
2022	5,980	8,956
2021	8,042	7,715
2020	6,980	3,322
2019	2,828	2,832
Prior	3,526	1,844
Loans, gross	28,845	31,028
Consumer finance \| Marine and recreational vehicles
Term Loans Amortized Cost Basis by Origination Year
2023	4,525	15,165
2022	14,566	23,351
2021	22,450	11,496
2020	10,977	11,366
2019	10,784	2,928
Prior	5,521	2,928
Loans, gross	68,823	67,234
Consumer finance \| Marine and recreational vehicles \| Very good
Term Loans Amortized Cost Basis by Origination Year
2023	3,529	7,481
2022	7,171	15,000
2021	14,336	9,857
2020	9,388	9,952
2019	9,454	2,518
Prior	4,650	2,438
Loans, gross	48,528	47,246
Consumer finance \| Marine and recreational vehicles \| Good
Term Loans Amortized Cost Basis by Origination Year
2023	996	7,419
2022	7,139	8,130
2021	7,895	1,602
2020	1,553	1,384
2019	1,301	410
Prior	835	453
Loans, gross	19,719	19,398
Consumer finance \| Marine and recreational vehicles \| Fairly good
Term Loans Amortized Cost Basis by Origination Year
2023		265
2022	256	221
2021	219	37
2020	36	30
2019	29
Prior	36	37
Loans, gross	$ 576	$ 590

Allowance for Credit Losses - G

Allowance for Credit Losses - Gross Charge-offs of loans by Year of Origination (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Current Period Gross Charge-offs by Origination Year
2023	$ 93,000		$ 81,000
2022	744,000		1,446,000
2021	1,897,000		938,000
2020	1,059,000		320,000
2019	221,000		135,000
Prior	190,000		285,000
Revolving Loans			8,000
Total	4,204,000	$ 3,213,000	3,213,000
Collateral dependent loans	0
Demand deposit overdrafts
Current Period Gross Charge-offs by Origination Year
2023	90,000	81,000,000
Commercial real estate
Current Period Gross Charge-offs by Origination Year
2022			16,000
Total			16,000
Residential mortgage
Current Period Gross Charge-offs by Origination Year
2023	3,000
Total	3,000
Construction - commercial real estate
Current Period Gross Charge-offs by Origination Year
Revolving Loans			8,000
Total			8,000
Other consumer
Current Period Gross Charge-offs by Origination Year
2023	90,000		81,000
2022	3,000
2021	5,000
Total	98,000		81,000
Consumer finance
Current Period Gross Charge-offs by Origination Year
Total	4,103,000	$ 3,108,000
Consumer finance \| Automobiles
Current Period Gross Charge-offs by Origination Year
2022	724,000		1,384,000
2021	1,869,000		938,000
2020	1,059,000		320,000
2019	213,000		135,000
Prior	190,000		285,000
Total	4,055,000		3,062,000
Consumer finance \| Marine and recreational vehicles
Current Period Gross Charge-offs by Origination Year
2022	17,000		46,000
2021	23,000
2019	8,000
Total	$ 48,000		$ 46,000

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Goodwill and Other Intangible Assets
Goodwill	$ 25,191,000		$ 25,191,000
Changes in the recorded balance of goodwill	0	$ 0
Amortization of intangible assets	$ 65,000	$ 68,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	$ 3,116	$ 3,116
Accumulated Amortization	(1,774)	(1,709)
Other intangible assets, net	1,342	1,407
Core deposit intangibles
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,711	1,711
Accumulated Amortization	(616)	(588)
Other amortizable intangibles
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,405	1,405
Accumulated Amortization	$ (1,158)	$ (1,121)

Equity, Other Comprehensive I_3

Equity, Other Comprehensive Income and Earnings Per Share - Equity and Noncontrolling Interest (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Jan. 01, 2024
Shareholders' Equity
Cost of shares repurchased		$ 2,060,000
Number of shares withheld from employees to satisfy tax withholding obligations	9,151	6,257
Share Repurchase Program 2024
Shareholders' Equity
Stock repurchase program, authorized amount			$ 10,000,000
Cost of shares repurchased	$ 516,000
Remaining shares amount available for repurchases	$ 9,480,000

Equity, Other Comprehensive I_4

Equity, Other Comprehensive Income and Earnings Per Share - Changes in Accumulated Other Comprehensive Income (Loss), Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated other comprehensive (loss) income	$ (26,687)
Other comprehensive (loss) income, net of tax	(1,982)	$ 5,035
Balance, end of period	(28,669)
Accumulated Other Comprehensive Loss, Net
Accumulated other comprehensive (loss) income	(26,687)	(36,958)
Other comprehensive income (loss) arising during the period	(2,509)	6,327
Related income tax effects	522	(1,312)
Other comprehensive income (loss) arising during the period, net of tax	(1,987)	5,015
Reclassifications into net income	6	24
Related income tax effects	(1)	(4)
Reclassifications into net income, net of tax	5	20
Other comprehensive (loss) income, net of tax	(1,982)	5,035
Balance, end of period	(28,669)	(31,923)
Securities Available For Sale:
Accumulated other comprehensive (loss) income	(25,002)	(35,184)
Other comprehensive income (loss) arising during the period	(2,615)	6,680
Related income tax effects	549	(1,403)
Other comprehensive income (loss) arising during the period, net of tax	(2,066)	5,277
Reclassifications into net income		5
Related income tax effects		(1)
Reclassifications into net income, net of tax		4
Other comprehensive (loss) income, net of tax	(2,066)	5,281
Balance, end of period	(27,068)	(29,903)
Defined Benefit Plan:
Accumulated other comprehensive (loss) income	(2,752)	(3,236)
Reclassifications into net income	9	21
Related income tax effects	(2)	(4)
Reclassifications into net income, net of tax	7	17
Other comprehensive (loss) income, net of tax	7	17
Balance, end of period	(2,745)	(3,219)
Cash Flow Hedges:
Accumulated other comprehensive (loss) income	1,067	1,462
Other comprehensive income (loss) arising during the period	106	(353)
Related income tax effects	(27)	91
Other comprehensive income (loss) arising during the period, net of tax	79	(262)
Reclassifications into net income	(3)	(2)
Related income tax effects	1	1
Reclassifications into net income, net of tax	(2)	(1)
Other comprehensive (loss) income, net of tax	77	(263)
Balance, end of period	$ 1,144	$ 1,199

Equity, Other Comprehensive I_5

Equity, Other Comprehensive Income and Earnings Per Share - Reclassification of Accumulated Other Comprehensive Loss, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Net losses on sales, maturities and calls of available for sale securities		$ (5)
Noninterest expenses - Other	$ 2,264	2,321
Interest expense - Trust preferred capital notes	298	293
Income tax expense	565	1,453
Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	(5)	(20)
Securities Available For Sale: \| Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income		(4)
Reclassification of net realized losses 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	(7)	(17)
Reclassification of recognized net actuarial losses into net income \| Reclassifications from accumulated other comprehensive loss into net income
Noninterest expenses - Other	(27)	(38)
Amortization of prior service credit into net income \| Reclassifications from accumulated other comprehensive loss into net income
Noninterest expenses - Other	18	17
Related income tax effects. \| Reclassifications from accumulated other comprehensive loss into net income
Income tax expense	2	4
Cash Flow Hedges: \| Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	2	1
Amortization of hedging gains into net income \| Reclassifications from accumulated other comprehensive loss into net income
Interest expense - Trust preferred capital notes	3	2
Related income tax effects, \| Reclassifications from accumulated other comprehensive loss into net income
Income tax expense	$ (1)	$ (1)

Equity, Other Comprehensive I_6

Equity, Other Comprehensive Income and Earnings Per Share - Earnings Per Share (EPS) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Components of earnings per share calculations
Net Income (Loss)	$ 3,401	$ 6,441
Weighted average shares outstanding-basic	3,370,934	3,464,895
Weighted average shares outstanding-diluted	3,370,934	3,464,895

Share-Based Plans - Restricted

Share-Based Plans - Restricted Stock Activity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Shares
Unvested, beginning of period (in shares)	135,694
Unvested, end of period (in shares)	121,238
Restricted Stock
Shares
Unvested, beginning of period (in shares)	135,694	145,677
Granted (in shares)	11,775	10,655
Vested (in shares)	(26,096)	(19,408)
Forfeited (in shares)	(135)	(1,170)
Unvested, end of period (in shares)	121,238	135,754
Weighted-Average Grant Date Fair Value
Unvested, beginning of period (in dollars per share)	$ 52.13	$ 48.88
Granted (in dollars per share)	52.93	59
Vested (in dollars per share)	47.74	52.34
Forfeited (in dollars per share)	58.42	50.54
Unvested, end of period (in dollars per share)	$ 53.15	$ 49.16
Additional information
Compensation expense	$ 510,000	$ 474,000
Compensation expense after tax	313,000	$ 296,000
Unrecognized compensation expense	$ 3,780,000
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
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Other components of net periodic benefit cost:
Net periodic benefit cost	$ 226	$ 236
Cash Balance Plan \| C&F Bank
Components of net periodic benefit cost
Service cost, included in salaries and employee benefits	369	358
Other components of net periodic benefit cost:
Interest cost	$ 189	$ 182
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense
Expected return on plan assets	$ (341)	$ (325)
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
Amortization of prior service credit	$ (18)	$ (17)
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
Recognized net actuarial losses	$ 27	$ 38
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 components of net periodic benefit cost, included in other noninterest expense	$ (143)	$ (122)
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
Net periodic benefit cost	$ 226	$ 236

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Investments in Other investment company funds (Details) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Dec. 31, 2023
Fair Value of Assets and Liabilities
Fair value of investment in Other investments companies	$ 1,840,000		$ 1,930,000
Unrealized gains or losses	20,000	$ 123,000
Other income	3,650,000
Other income net of tax			$ 3,750,000
Unrealized gains from change in fair value of investments	$ 148,000	$ 11,000

Fair Value of Assets and Liab_4

Fair Value of Assets and Liabilities - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Securities available for sale
Securities available for sale	$ 430,421	$ 462,444
Interest rate swaps on loans \| Cash flow hedges
Securities available for sale
Derivatives	1,521	1,415
Recurring
Securities available for sale
Securities available for sale	430,421	462,444
Loans held for sale	22,622	14,176
Other investments	3,653	3,751
Total assets	465,244	488,231
Liabilities:
Total liabilities	6,287	6,110
Recurring \| Cash flow hedges
Securities available for sale
Derivatives	1,521	1,415
Recurring \| IRLC
Securities available for sale
Derivatives	740	335
Recurring \| Interest rate swaps on loans
Securities available for sale
Derivatives	6,287	6,110
Liabilities:
Derivatives	6,287	6,110
Level 2 \| Recurring
Securities available for sale
Securities available for sale	430,421	462,444
Loans held for sale	22,622	14,176
Other investments	3,653	3,751
Total assets	465,244	488,231
Liabilities:
Total liabilities	6,287	6,110
Level 2 \| Recurring \| Cash flow hedges
Securities available for sale
Derivatives	1,521	1,415
Level 2 \| Recurring \| IRLC
Securities available for sale
Derivatives	740	335
Level 2 \| Recurring \| Interest rate swaps on loans
Securities available for sale
Derivatives	6,287	6,110
Liabilities:
Derivatives	6,287	6,110
U.S. Treasury securities
Securities available for sale
Securities available for sale	28,306	45,103
U.S. Treasury securities \| Recurring
Securities available for sale
Securities available for sale	28,306	45,103
U.S. Treasury securities \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	28,306	45,103
U.S. government agencies and corporations
Securities available for sale
Securities available for sale	74,718	87,094
U.S. government agencies and corporations \| Recurring
Securities available for sale
Securities available for sale	74,718	87,094
U.S. government agencies and corporations \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	74,718	87,094
Mortgage-backed securities
Securities available for sale
Securities available for sale	159,188	161,696
Mortgage-backed securities \| Recurring
Securities available for sale
Securities available for sale	159,188	161,696
Mortgage-backed securities \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	159,188	161,696
Obligations of states and political subdivisions
Securities available for sale
Securities available for sale	146,651	147,111
Obligations of states and political subdivisions \| Recurring
Securities available for sale
Securities available for sale	146,651	147,111
Obligations of states and political subdivisions \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	146,651	147,111
Corporate and other debt securities
Securities available for sale
Securities available for sale	21,558	21,440
Corporate and other debt securities \| Recurring
Securities available for sale
Securities available for sale	21,558	21,440
Corporate and other debt securities \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	$ 21,558	$ 21,440

Fair Value of Assets and Liab_5

Fair Value of Assets and Liabilities - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Securities available for sale	$ 430,421	$ 462,444
Bank-owned life insurance	21,586	21,464
Carrying Value
Assets:
Cash and short-term investments	56,960	77,403
Securities available for sale	430,421	462,444
Loans, net	1,777,227	1,702,488
Loans held for sale	22,622	14,176
Other investments	3,653	3,751
Bank-owned life insurance	21,586	21,464
Accrued interest receivable	10,595	10,398
Financial liabilities:
Demand and savings deposits	1,351,762	1,392,931
Time deposits	736,170	673,199
Borrowings	113,214	103,618
Accrued interest payable	4,644	3,493
Total Fair Value
Assets:
Cash and short-term investments	56,960	77,403
Securities available for sale	430,421	462,444
Loans, net	1,719,470	1,643,462
Loans held for sale	22,622	14,176
Other investments	3,653	3,751
Bank-owned life insurance	21,586	21,464
Accrued interest receivable	10,595	10,398
Financial liabilities:
Demand and savings deposits	1,351,762	1,392,931
Time deposits	733,161	668,965
Borrowings	100,121	90,120
Accrued interest payable	4,644	3,493
Total Fair Value \| Level 1
Assets:
Cash and short-term investments	55,207	75,159
Accrued interest receivable	10,595	10,398
Financial liabilities:
Demand and savings deposits	1,351,762	1,392,931
Accrued interest payable	4,644	3,493
Total Fair Value \| Level 2
Assets:
Cash and short-term investments	1,753	2,244
Securities available for sale	430,421	462,444
Loans held for sale	22,622	14,176
Other investments	3,653	3,751
Bank-owned life insurance	21,586	21,464
Financial liabilities:
Time deposits	733,161	668,965
Borrowings	100,121	90,120
Total Fair Value \| Level 3
Assets:
Loans, net	1,719,470	1,643,462
IRLC \| Carrying Value
Assets:
Derivatives	740	335
IRLC \| Total Fair Value
Assets:
Derivatives	740	335
IRLC \| Total Fair Value \| Level 2
Assets:
Derivatives	740	335
Interest rate swaps on loans \| Carrying Value
Assets:
Derivatives	6,287	6,110
Financial liabilities:
Derivatives	6,287	6,110
Interest rate swaps on loans \| Total Fair Value
Assets:
Derivatives	6,287	6,110
Financial liabilities:
Derivatives	6,287	6,110
Interest rate swaps on loans \| Total Fair Value \| Level 2
Assets:
Derivatives	6,287	6,110
Financial liabilities:
Derivatives	6,287	6,110
Cash flow hedges \| Carrying Value
Assets:
Derivatives	1,521	1,415
Cash flow hedges \| Total Fair Value
Assets:
Derivatives	1,521	1,415
Cash flow hedges \| Total Fair Value \| Level 2
Assets:
Derivatives	1,521	1,415
Cash flow hedges \| Interest rate swaps on loans
Assets:
Derivatives	$ 1,521	$ 1,415

Business Segments - Segment Rep

Business Segments - Segment Reporting (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Business Segments
Number of principal business segments \| segment	3
Interest income	$ 32,708	$ 29,305
Interest expense	9,550	4,347
Net interest income	23,158	24,958
Gains on sales of loans	1,288	1,794
Other noninterest income	6,204	5,843
Net revenue	30,650	32,595
Provision for loan losses	3,500	2,050
Noninterest expense	23,150	22,595
Income (loss) before taxes	4,000	7,950
Income tax expense (benefit)	565	1,453
Net income (loss)	3,435	6,497
Capital expenditures	485	515
Depreciation and amortization	937	988
Total assets	2,469,751		$ 2,438,498
Operating Segments \| Community Banking
Business Segments
Interest income	26,169	23,131
Interest expense	9,005	3,743
Net interest income	17,164	19,388
Other noninterest income	4,110	3,910
Net revenue	21,274	23,298
Provision for loan losses	500	450
Noninterest expense	15,916	14,935
Income (loss) before taxes	4,858	7,913
Income tax expense (benefit)	846	1,495
Net income (loss)	4,012	6,418
Capital expenditures	293	515
Depreciation and amortization	838	864
Total assets	2,351,463		2,319,810
Operating Segments \| Mortgage Banking
Business Segments
Interest income	281	296
Interest expense	44	62
Net interest income	237	234
Gains on sales of loans	1,481	1,857
Other noninterest income	1,048	1,001
Net revenue	2,766	3,092
Noninterest expense	2,373	2,798
Income (loss) before taxes	393	294
Income tax expense (benefit)	99	67
Net income (loss)	294	227
Capital expenditures	81
Depreciation and amortization	14	24
Total assets	31,538		22,177
Operating Segments \| Consumer Finance.
Business Segments
Interest income	12,025	11,508
Interest expense	5,803	5,607
Net interest income	6,222	5,901
Other noninterest income	255	233
Net revenue	6,477	6,134
Provision for loan losses	3,000	1,600
Noninterest expense	3,560	3,828
Income (loss) before taxes	(83)	706
Income tax expense (benefit)	(20)	197
Net income (loss)	(63)	509
Capital expenditures	111
Depreciation and amortization	85	100
Total assets	483,674		476,671
Operating Segments \| Other
Business Segments
Interest expense	545	603
Net interest income	(545)	(603)
Other noninterest income	840	757
Net revenue	295	154
Noninterest expense	1,317	1,050
Income (loss) before taxes	(1,022)	(896)
Income tax expense (benefit)	(328)	(287)
Net income (loss)	(694)	(609)
Total assets	34,453		35,581
Eliminations
Business Segments
Interest income	(5,767)	(5,630)
Interest expense	(5,847)	(5,668)
Net interest income	80	38
Gains on sales of loans	(193)	(63)
Other noninterest income	(49)	(58)
Net revenue	(162)	(83)
Noninterest expense	(16)	(16)
Income (loss) before taxes	(146)	(67)
Income tax expense (benefit)	(32)	(19)
Net income (loss)	(114)	$ (48)
Total assets	$ (431,377)		$ (415,741)

Business Segments - Other (Deta

Business Segments - Other (Details)	3 Months Ended
Business Segments - Other (Details)	Mar. 31, 2024 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)	3.50%
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	Mar. 31, 2024	Dec. 31, 2023
Standby Letters of Credit
Commitments and Contingent Liabilities
Face amount of asset	$ 9,000	$ 7,910
Loan commitments
Commitments and Contingent Liabilities
Face amount of asset	$ 400,590	$ 413,530

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Other (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023
Commitments and Contingent Liabilities
Provision for indemnifications	$ (140)
Indemnification reserve for recourse provisions
Commitments and Contingent Liabilities
Provision for indemnifications	140,000
Allowance for indemnifications	1,670	$ 1,810
Indemnification payments paid	$ 0		$ 0
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	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023
Derivatives and other information
Changes in fair value of loan swaps	$ 0
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	1,521	1,415
Matched interest rate swap with borrower \| Not designated as hedges
Derivatives and other information
Notional amount	109,255	109,638
Derivative Asset	785	1,611
Derivative Liability	5,502	4,499
Matched interest rate swap with counterparty \| Not designated as hedges
Derivatives and other information
Notional amount	109,255	109,638
Derivative Asset	5,502	4,499
Derivative Liability	785	1,611
IRLC \| Not designated as hedges
Derivatives and other information
Notional amount	55,759	26,152
Derivative Asset	740	335
Mortgage Banking \| Best-efforts forward sales contracts
Derivatives and other information
IRLCs	55,760	26,150
Impaired loans, Unpaid Principal Balance	24,510	14,440
Mortgage loans	$ 80,270	$ 40,590

Other Noninterest Expenses (Det

Other Noninterest Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Other Noninterest Expenses.
Telecommunication expenses	$ 391	$ 275
Travel and educational expenses	289	348
Licenses and taxes expense	236	202
Provision for indemnifications	(140)
Other components of net periodic pension cost	(143)	(122)
All other noninterest expenses	1,631	1,618
Total other noninterest expenses	$ 2,264	$ 2,321

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 3,401	$ 6,441

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false