C&F Financial (CFFI) 10-Q2 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2024	Jul. 31, 2024
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 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		3,266,902
Entity Central Index Key	0000913341
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Amendment Flag	false

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Assets
Cash and due from banks	$ 16,233	$ 16,382
Interest-bearing deposits in other banks	28,433	58,777
Total cash and cash equivalents	44,666	75,159
Securities-available for sale at fair value, amortized cost of $436,959 and $494,092, respectively	404,758	462,444
Loans held for sale, at fair value	33,716	14,176
Loans, net of allowance for credit losses of $40,343 and $39,651, respectively	1,824,833	1,702,488
Restricted stock, at cost	3,592	2,925
Corporate premises and equipment, net	41,208	41,914
Accrued interest receivable	10,516	10,398
Goodwill	25,191	25,191
Other intangible assets, net	1,277	1,407
Bank-owned life insurance	21,705	21,464
Net deferred tax asset	18,844	18,731
Other assets	61,794	62,201
Total assets	2,492,100	2,438,498
Deposits
Noninterest-bearing demand deposits	533,618	549,367
Savings and interest-bearing demand deposits	788,780	843,564
Time deposits	783,664	673,199
Total deposits	2,106,062	2,066,130
Short-term borrowings	25,049	58,223
Long-term borrowings	68,311	25,894
Trust preferred capital notes	25,440	25,422
Accrued interest payable	4,670	3,493
Other liabilities	43,469	41,820
Total liabilities	2,273,001	2,220,982
Commitments and contingent liabilities (Note 11)
Equity
Common stock ($1.00 par value, 8,000,000 shares authorized, 3,293,909 and 3,374,098 shares issued and outstanding, respectively, includes 120,388 and 135,694 of unvested shares, respectively)	3,174	3,238
Additional paid-in capital	3,157	6,567
Retained earnings	239,231	233,760
Accumulated other comprehensive loss, net	(27,099)	(26,687)
Equity attributable to C&F Financial Corporation	218,463	216,878
Noncontrolling interest	636	638
Total equity	219,099	217,516
Total liabilities and equity	$ 2,492,100	$ 2,438,498

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
C&F FINANCIAL CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS (Unaudited)
Available-for-sale securities, amortized cost	$ 436,959	$ 494,092
Allowance for credit losses	$ 40,343	$ 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	3,293,909	3,374,098
Common stock, shares outstanding	3,293,909	3,374,098
Common stock, unvested shares	120,388	135,694

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Interest income
Interest and fees on loans	$ 31,407	$ 27,416	$ 60,993	$ 53,476
Interest on interest-bearing deposits and federal funds sold	163	281	422	457
Interest and dividends on securities
U.S. treasury, government agencies and corporations	434	955	1,036	1,990
Mortgage-backed securities	927	933	1,813	1,880
Tax-exempt obligations of states and political subdivisions	885	682	1,768	1,300
Taxable obligations of states and political subdivisions	184	183	368	367
Corporate and other	312	288	620	573
Total interest income	34,312	30,738	67,020	60,043
Interest expense
Savings and interest-bearing deposits	1,550	1,265	3,164	2,474
Time deposits	7,700	3,311	14,616	5,131
Borrowings	940	1,521	1,662	2,546
Trust preferred capital notes	294	296	592	589
Total interest expense	10,484	6,393	20,034	10,740
Net interest income	23,828	24,345	46,986	49,303
Provision for credit losses	2,550	1,700	6,050	3,750
Net interest income after provision for credit losses	21,278	22,645	40,936	45,553
Noninterest income
Gains on sales of loans	1,701	1,916	2,989	3,710
Interchange income	1,572	1,580	3,047	3,100
Service charges on deposit accounts	1,050	1,071	2,097	2,119
Investment income from other equity interests	170	156	337	269
Mortgage banking fee income	622	643	1,101	1,137
Wealth management services income, net	714	611	1,445	1,225
Mortgage lender services income	499	579	1,002	1,030
Other service charges and fees	423	379	819	770
Net losses on sales, maturities and calls of available for sale securities				(5)
Other income, net	573	1,026	1,979	2,243
Total noninterest income	7,324	7,961	14,816	15,598
Noninterest expenses
Salaries and employee benefits	13,452	14,022	27,704	27,920
Occupancy	2,063	1,987	4,195	4,031
Data processing	2,963	2,614	5,792	5,296
Professional fees	884	794	1,799	1,389
Insurance expense	409	393	815	790
Marketing and advertising expenses	316	410	484	811
Mortgage banking loan processing expenses	250	324	434	582
Other	2,036	2,145	4,300	4,465
Total noninterest expenses	22,373	22,689	45,523	45,284
Income before income taxes	6,229	7,917	10,229	15,867
Income tax expense	1,195	1,533	1,760	2,986
Net income (loss)	5,034	6,384	8,469	12,881
Less net income attributable to noncontrolling interest	27	78	61	134
Net income attributable to C&F Financial Corporation	$ 5,007	$ 6,306	$ 8,408	$ 12,747
Net income per share - basic (in dollars per share)	$ 1.50	$ 1.84	$ 2.50	$ 3.70
Net income per share - diluted (in dollars per share)	$ 1.50	$ 1.84	$ 2.50	$ 3.70

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited)
Net income	$ 5,034	$ 6,384	$ 8,469	$ 12,881
Other comprehensive income (loss), net of tax:
Securities available for sale	1,629	(3,732)	(437)	1,549
Defined benefit plan	9	24	16	41
Cash flow hedges	(68)	225	9	(38)
Other comprehensive income (loss), net of tax	1,570	(3,483)	(412)	1,552
Comprehensive income	6,604	2,901	8,057	14,433
Less comprehensive income attributable to noncontrolling interest	27	78	61	134
Comprehensive income attributable to C&F Financial Corporation	$ 6,577	$ 2,823	$ 7,996	$ 14,299

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				12,747		134		12,881
Other comprehensive loss					1,552			1,552
Share-based compensation		927						927
Restricted stock vested	26	(26)
Common stock issued	1	95						96
Common stock purchased	(89)	(4,875)						(4,964)
Cash dividends declared				(3,022)				(3,022)
Distributions to noncontrolling interest						(103)		(103)
Balance, end of period at Jun. 30, 2023	3,269	8,168		225,867	(35,406)	630		202,528
Change in stockholders' equity
Adoption of new accounting standard	3,309	10,135		221,062	(31,923)	601		203,184
Balance, beginning of the period at Mar. 31, 2023	3,309	10,135		221,062	(31,923)	601		203,184
Comprehensive loss:
Net income				6,306		78		6,384
Other comprehensive loss					(3,483)			(3,483)
Share-based compensation		453						453
Restricted stock vested	7	(7)
Common stock issued		49						49
Common stock purchased	(47)	(2,462)						(2,509)
Cash dividends declared				(1,501)				(1,501)
Distributions to noncontrolling interest						(49)		(49)
Balance, end of period at Jun. 30, 2023	3,269	8,168		225,867	(35,406)	630		202,528
Change in stockholders' equity
Adoption of new accounting standard	3,269	8,168		225,867	(35,406)	630		202,528
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				8,408		61		8,469
Other comprehensive loss					(412)			(412)
Share-based compensation		973						973
Restricted stock vested	32	(32)
Common stock issued	2	94						96
Common stock purchased	(98)	(4,445)						(4,543)
Cash dividends declared				(2,937)				(2,937)
Distributions to noncontrolling interest						(63)		(63)
Balance, end of period at Jun. 30, 2024	3,174	3,157		239,231	(27,099)	636		219,099
Change in stockholders' equity
Adoption of new accounting standard	3,246	6,084		235,679	(28,669)	609		216,949
Balance, beginning of the period at Mar. 31, 2024	3,246	6,084		235,679	(28,669)	609		216,949
Comprehensive loss:
Net income				5,007		27		5,034
Other comprehensive loss					1,570			1,570
Share-based compensation		463						463
Restricted stock vested	6	(6)
Common stock issued	1	49						50
Common stock purchased	(79)	(3,433)						(3,512)
Cash dividends declared				(1,455)				(1,455)
Balance, end of period at Jun. 30, 2024	3,174	3,157		239,231	(27,099)	636		219,099
Change in stockholders' equity
Adoption of new accounting standard	$ 3,174	$ 3,157		$ 239,231	$ (27,099)	$ 636		$ 219,099

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) (Parenthetical) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
CONSOLIDATED STATEMENTS OF EQUITY (Unaudited)
Cash dividends declared (in dollars per share)	$ 0.44	$ 0.44	$ 0.88	$ 0.88

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Operating activities:
Net income	$ 8,469	$ 12,881
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Provision for credit losses	6,050	3,750
Accretion of certain acquisition-related discounts, net	(298)	(444)
Share-based compensation	973	927
Depreciation and amortization	1,896	1,963
Amortization of premiums and accretion of discounts on securities, net	769	600
Reversal of provision for indemnifications	(275)	(235)
Income from bank-owned life insurance	(215)	(190)
Pension expense	451	462
Proceeds from sales of loans held for sale	223,410	252,170
Origination of loans held for sale	(239,259)	(270,713)
Gains on sales of loans held for sale	(2,989)	(3,710)
Other gains, net	64	281
Change in other assets and liabilities:
Accrued interest receivable	(118)	(284)
Other assets	872	325
Accrued interest payable	1,177	1,455
Other liabilities	1,613	(45)
Net cash provided by (used in) operating activities	2,590	(807)
Investing activities:
Proceeds from sales, maturities and calls of securities available for sale and payments on mortgage-backed securities	72,896	44,841
Purchases of securities available for sale	(16,532)	(21,779)
Purchases of time deposits, net	736	(252)
Repayments on loans held for investment by non-bank affiliates	84,998	80,945
Purchases of loans held for investment by non-bank affiliates	(93,840)	(85,471)
Net increase in community banking loans held for investment	(118,986)	(49,686)
Purchases of corporate premises and equipment	(1,024)	(610)
Other investing activities, net	(470)	(4,037)
Net cash used in investing activities	(72,222)	(36,049)
Financing activities:
Net decrease in demand and savings deposits	(70,533)	(171,418)
Net increase in time deposits	110,465	165,029
Net (decrease) increase in short-term borrowings	(33,174)	87,588
Proceeds from long-term borrowings	40,000
Repayments of long-term borrowings		(4,000)
Repurchases of common stock	(4,543)	(4,964)
Cash dividends paid	(2,937)	(3,022)
Other financing activities, net	(139)	(113)
Net cash provided by financing activities	39,139	69,100
Net (decrease) increase in cash and cash equivalents	(30,493)	32,244
Cash and cash equivalents at beginning of period	75,159	26,661
Cash and cash equivalents at end of period	44,666	58,905
Supplemental cash flow disclosures:
Interest paid	18,839	9,274
Income taxes paid	22	2,292
Supplemental disclosure of noncash investing and financing activities:
Adoption of new accounting standard		$ 1,072
Liabilities assumed to acquire right of use assets at lease commencement	$ 2,481

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
Summary of Significant Accounting Policies	Jun. 30, 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	6 Months Ended
Securities	Jun. 30, 2024
Securities
Securities	NOTE 2: Securities The Corporation’s debt securities, all of which are classified as available for sale, are summarized as follows: June 30, 2024 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. Treasury securities $ 10,970 $ — $ (501) $ 10,469 U.S. government agencies and corporations 77,062 — (8,938) 68,124 Mortgage-backed securities 177,324 279 (16,146) 161,457 Obligations of states and political subdivisions 147,438 1,187 (4,785) 143,840 Corporate and other debt securities 24,165 — (3,297) 20,868 $ 436,959 $ 1,466 $ (33,667) $ 404,758 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 June 30, 2024, by the earlier of contractual maturity or expected maturity, are shown below. The Corporation has elected to exclude accrued interest receivable, totaling $2.48 million at June 30, 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. June 30, 2024 Amortized (Dollars in thousands) Cost Fair Value Due in one year or less $ 64,742 $ 61,986 Due after one year through five years 178,757 163,364 Due after five years through ten years 115,524 104,176 Due after ten years 77,936 75,232 $ 436,959 $ 404,758 The following table presents the gross realized gains and losses on and the proceeds from the sales, maturities and calls of securities. During the three and six months ended June 30, 2024 and 2023 there were no sales of securities. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2024 2023 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 $ 35,572 $ 25,111 $ 72,896 $ 44,841 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 $193.97 million and an aggregate fair value of $176.55 million were pledged at June 30, 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 June 30, 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 $ — $ — $ 10,469 $ 501 $ 10,469 $ 501 U.S. government agencies and corporations — — 68,124 8,938 68,124 8,938 Mortgage-backed securities 4,700 80 140,346 16,066 145,046 16,146 Obligations of states and political subdivisions 22,328 215 64,748 4,570 87,076 4,785 Corporate and other debt securities 2,703 297 18,165 3,000 20,868 3,297 Total $ 29,731 $ 592 $ 301,852 $ 33,075 $ 331,583 $ 33,667 There were 513 debt securities with a fair value below the amortized cost basis, totaling $331.58 million of aggregate fair value as of June 30, 2024. The Corporation concluded that a credit loss did not exist in its securities portfolio at June 30, 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 June 30, 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 to be redeemed or repurchased by the FHLB. 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 June 30, 2024 and no impairment has been recognized.

Loans

Loans	6 Months Ended
Loans	Jun. 30, 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 $8.03 million and $7.65 million at June 30, 2024 and December 31, 2023, respectively, from the recorded balance of loans. June 30, December 31, (Dollars in thousands) 2024 2023 Commercial real estate $ 701,460 $ 668,122 Commercial business 119,020 115,348 Construction - commercial real estate 120,208 69,768 Land acquisition and development 31,355 29,064 Builder lines 21,727 24,668 Construction - consumer real estate 16,481 11,223 Residential mortgage 308,790 293,256 Equity lines 56,835 51,592 Other consumer 10,956 10,588 Consumer finance - automobiles 406,833 401,276 Consumer finance - marine and recreational vehicles 71,511 67,234 Subtotal 1,865,176 1,742,139 Less allowance for credit losses (40,343) (39,651) Loans, net $ 1,824,833 $ 1,702,488 Other consumer loans included $214,000 and $228,000 of demand deposit overdrafts at June 30, 2024 and December 31, 2023, respectively. The following table shows the aging of the Corporation’s loan portfolio, by class, at June 30, 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 $ — $ 191 $ — $ 191 $ 701,269 $ 701,460 $ — Commercial business 77 — — 77 118,943 119,020 — Construction - commercial real estate — — — — 120,208 120,208 — Land acquisition and development — — — — 31,355 31,355 — Builder lines — — — — 21,727 21,727 — Construction - consumer real estate — — 517 517 15,964 16,481 — Residential mortgage 2,415 86 391 2,892 305,898 308,790 118 Equity lines 192 — 97 289 56,546 56,835 47 Other consumer 19 27 — 46 10,910 10,956 — Consumer finance - automobiles 13,565 2,095 780 16,440 390,393 406,833 — Consumer finance - marine and recreational vehicles 217 119 22 358 71,153 71,511 — Total $ 16,485 $ 2,518 $ 1,807 $ 20,810 $ 1,844,366 $ 1,865,176 $ 165 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 $131,000, 30-59 days past due of $105,000, 60-89 days past due of $21,000, and 90+ days past due of $1.64 million. 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 June 30, 2024 and December 31, 2023. The Corporation recognized $8,000 in interest income on loans on nonaccrual status as of June 30, 2024 and had $8,000 in reversals of interest income upon placing commercial loans on nonaccrual status during both the three and six months ended June 30, 2024. All nonaccrual loans at June 30, 2024 had an allowance for credit losses. June 30, December 31, (Dollars in thousands) 2024 2023 Construction - consumer real estate $ 517 $ — Residential mortgage 531 320 Equity lines 50 77 Other consumer — 9 Consumer finance - automobiles 780 892 Consumer finance - marine and recreational vehicles 22 — Total $ 1,900 $ 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 tables present the amortized cost basis of loans as of June 30, 2024 and 2023 that were both experiencing financial difficulty and modified during the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 % of Total % of Total Class of Class of Amortized Financing Amortized Financing (Dollars in thousands) Cost Receivable Cost Receivable Term Extension Residential mortgage $ — — % $ 340 0.1 % Total Term Extension $ — $ 340 Combination Term Extension and Interest Rate Reduction Residential mortgage $ — — % $ 18 — % Total Combination Term Extension and Interest Rate Reduction $ — $ 18 Total $ — — % $ 358 — % Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 % of Total % of Total Class of Class of Amortized Financing Amortized Financing (Dollars in thousands) Cost Receivable Cost Receivable Combination Term Extension and Interest Rate Reduction Commercial real estate $ — — % $ 47 — % Total Combination Term Extension and Interest Rate Reduction $ — $ 47 Total $ — — % $ 47 — % The following table presents the financial effects of the loan modifications presented above to borrowers experiencing financial difficulty for the three and six months ended June 30, 2024 and 2023. Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 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) Residential mortgage — % — 1.51 % 6.9 Total — % — 1.51 % 6.9 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Weighted- Weighted- Weighted- Weighted- Average Average Average Average Interest Rate Term Extension Interest Rate Term Extension (Dollars in thousands) Reduction (in years) Reduction (in years) Commercial real estate — % — 0.75 % 4.9 Total — % — 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 and six months ended June 30, 2024 and 2023 of modified loans that were modified during the previous twelve months and all were current as of June 30, 2024.

Allowance for Credit Losses

Allowance for Credit Losses	6 Months Ended
Allowance for Credit Losses	Jun. 30, 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 six months ended June 30, 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 645 255 5,100 6,000 Loans charged off — (169) (7,572) (7,741) Recoveries of loans previously charged off 18 98 2,317 2,433 Balance at June 30, 2024 $ 12,978 $ 3,942 $ 23,423 $ 40,343 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 432 219 2,700 3,351 Loans charged off (16) (157) (5,934) (6,107) Recoveries of loans previously charged off 125 104 2,046 2,275 Balance at June 30, 2023 $ 11,738 $ 3,603 $ 25,187 $ 40,528 The following table presents a breakdown of the provision for credit losses for the periods indicated. Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Provision for credit losses: Provision for loans $ 2,400 $ 1,401 $ 6,000 $ 3,351 Provision for unfunded commitments 150 299 50 399 Total $ 2,550 $ 1,700 $ 6,050 $ 3,750 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 June 30, 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 $ 57,461 $ 78,507 $ 125,591 $ 149,376 $ 118,129 $ 165,667 $ — $ 114 $ 694,845 Special Mention — — — 5,668 — 947 — — 6,615 Total $ 57,461 $ 78,507 $ 125,591 $ 155,044 $ 118,129 $ 166,614 $ — $ 114 $ 701,460 Commercial business: Loan Rating Pass $ 5,154 $ 15,501 $ 18,034 $ 15,884 $ 11,624 $ 26,395 $ 26,252 $ 96 $ 118,940 Special Mention 25 55 — — — — — — 80 Total $ 5,179 $ 15,556 $ 18,034 $ 15,884 $ 11,624 $ 26,395 $ 26,252 $ 96 $ 119,020 Construction - commercial real estate: Loan Rating Pass $ 20,161 $ 45,282 $ 54,765 $ — $ — $ — $ — $ — $ 120,208 Total $ 20,161 $ 45,282 $ 54,765 $ — $ — $ — $ — $ — $ 120,208 Land acquisition and development: Loan Rating Pass $ 3,339 $ 5,708 $ 3,942 $ 8,368 $ 9,998 $ — $ — $ — $ 31,355 Total $ 3,339 $ 5,708 $ 3,942 $ 8,368 $ 9,998 $ — $ — $ — $ 31,355 Builder lines: Loan Rating Pass $ 12,471 $ 6,818 $ 1,555 $ 479 $ — $ 404 $ — $ — $ 21,727 Total $ 12,471 $ 6,818 $ 1,555 $ 479 $ — $ 404 $ — $ — $ 21,727 Construction - consumer real estate: Loan Rating Pass $ 5,203 $ 9,844 $ 917 $ — $ — $ — $ — $ — $ 15,964 Substandard Nonaccrual — 517 — — — — — — 517 Total $ 5,203 $ 10,361 $ 917 $ — $ — $ — $ — $ — $ 16,481 Residential mortgage: Loan Rating Pass $ 32,529 $ 56,114 $ 86,985 $ 42,060 $ 37,588 $ 51,633 $ — $ — $ 306,909 Special Mention — 872 43 — — 34 — — 949 Substandard — — — — 103 298 — — 401 Substandard Nonaccrual 131 21 105 — — 274 — — 531 Total $ 32,660 $ 57,007 $ 87,133 $ 42,060 $ 37,691 $ 52,239 $ — $ — $ 308,790 Equity lines: Loan Rating Pass $ — $ — $ — $ — $ 70 $ 844 $ 55,438 $ 277 $ 56,629 Substandard — — — — — 5 — 151 156 Substandard Nonaccrual — — — — — — — 50 50 Total $ — $ — $ — $ — $ 70 $ 849 $ 55,438 $ 478 $ 56,835 Other consumer: Loan Rating Pass $ 3,891 $ 3,643 $ 2,059 $ 409 $ 189 $ 718 $ 47 $ — $ 10,956 Total $ 3,891 $ 3,643 $ 2,059 $ 409 $ 189 $ 718 $ 47 $ — $ 10,956 Total: Loan Rating Pass $ 140,209 $ 221,417 $ 293,848 $ 216,576 $ 177,598 $ 245,661 $ 81,737 $ 487 $ 1,377,533 Special Mention 25 927 43 5,668 — 981 — — 7,644 Substandard — — — — 103 303 — 151 557 Substandard Nonaccrual 131 538 105 — — 274 — 50 1,098 Total $ 140,365 $ 222,882 $ 293,996 $ 222,244 $ 177,701 $ 247,219 $ 81,737 $ 688 $ 1,386,832 1 For the three and six months ended June 30, 2024, $78,000 and $136,000 of equity lines revolving loans were converted to term, respectively. 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 June 30, 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 $ 14,402 $ 12,501 $ 10,050 $ 3,209 $ 706 $ 179 $ — $ — $ 41,047 Good 22,324 31,064 35,997 12,348 2,347 750 — — 104,830 Fairly good 23,662 39,611 45,913 21,781 4,589 3,092 — — 138,648 Fair 12,883 25,377 30,434 17,304 5,259 4,062 — — 95,319 Marginal 2,860 5,407 7,244 6,332 2,435 2,711 — — 26,989 Total $ 76,131 $ 113,960 $ 129,638 $ 60,974 $ 15,336 $ 10,794 $ — $ — $ 406,833 Consumer finance - marine and recreational vehicles: Credit rating Very good $ 7,061 $ 6,830 $ 13,759 $ 8,922 $ 8,818 $ 4,265 $ — $ — $ 49,655 Good 3,431 6,885 7,504 1,443 1,250 809 — — 21,322 Fairly good — 217 217 36 29 35 — — 534 Total $ 10,492 $ 13,932 $ 21,480 $ 10,401 $ 10,097 $ 5,109 $ — $ — $ 71,511 Total: Credit rating Very good $ 21,463 $ 19,331 $ 23,809 $ 12,131 $ 9,524 $ 4,444 $ — $ — $ 90,702 Good 25,755 37,949 43,501 13,791 3,597 1,559 — — 126,152 Fairly good 23,662 39,828 46,130 21,817 4,618 3,127 — — 139,182 Fair 12,883 25,377 30,434 17,304 5,259 4,062 — — 95,319 Marginal 2,860 5,407 7,244 6,332 2,435 2,711 — — 26,989 Total $ 86,623 $ 127,892 $ 151,118 $ 71,375 $ 25,433 $ 15,903 $ — $ — $ 478,344 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 six months ended June 30, 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 1 147 11 5 — — 3 — — 166 Consumer finance - automobiles 78 1,370 3,383 1,846 312 405 — — 7,394 Consumer finance - marine and recreational vehicles — 40 103 8 27 — — — 178 Total $ 228 $ 1,421 $ 3,491 $ 1,854 $ 339 $ 408 $ — $ — $ 7,741 1 Gross charge-offs of other consumer loans for the six months ended June 30, 2024 included $137,000 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 six months ended June 30, 2023: Revolving Current Period Gross Charge-offs by Origination Year Loans Revolving Converted (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans to Term Total Commercial business $ — $ 16 $ — $ — $ — $ — $ — $ — $ 16 Equity lines — — — — — 8 — — 8 Other consumer 1 140 7 — — 2 — — — 149 Consumer finance - automobiles 83 2,789 1,739 430 312 460 — — 5,813 Consumer finance - marine and recreational vehicles — 56 — 49 2 14 — — 121 Total $ 223 $ 2,868 $ 1,739 $ 479 $ 316 $ 482 $ — $ — $ 6,107 1 Gross charge-offs of other consumer loans for the six months ended June 30, 2023 included $139,000 of demand deposit overdrafts that originated in 2023. Gross charge-offs increased for the six months ended June 30, 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 and a higher average charge-off per unit as a result of a decline in wholesale values of used automobiles. As of June 30, 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	6 Months Ended
Goodwill and Other Intangible Assets	Jun. 30, 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 June 30, 2024 and December 31, 2023. There were no changes in the recorded balance of goodwill during the three and six months ended June 30, 2024 or 2023. The Corporation had $1.28 million and $1.41 million of other intangible assets as of June 30, 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: June 30, 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 $ (644) $ 1,711 $ (588) Other amortizable intangibles 1,405 (1,195) 1,405 (1,121) Total $ 3,116 $ (1,839) $ 3,116 $ (1,709) Amortization expense was $65,000 and $68,000 for the three months ended June 30, 2024 and 2023, respectively, and $130,000 and $136,000 for the six months ended June 30, 2024 and 2023, respectively.

Equity, Other Comprehensive Inc

Equity, Other Comprehensive Income (Loss) and Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Equity, Other Comprehensive Income (Loss) and Earnings Per Share
Equity, Other Comprehensive Income (Loss) and Earnings Per Share	NOTE 6: Equity, Other Comprehensive Income (Loss) and Earnings Per Share Equity and Noncontrolling Interest The Board of Directors authorized a program, effective 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 and six months ended June 30, 2024, the Corporation repurchased $3.51 million and $4.03 million, respectively, of its common stock under the 2024 Repurchase Program. As of June 30, 2024, there was $5.97 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 $2.48 million and $4.54 million, respectively, under the previous share repurchase program during the three and six months ended June 30, 2023. Additionally during the six months ended June 30, 2024 and 2023, the Corporation withheld 9,192 shares and 6,352 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 June 30, 2024 and 2023: Securities Defined Cash Available Benefit Flow (Dollars in thousands) For Sale Plan Hedges Total Accumulated other comprehensive (loss) income at March 31, 2024 $ (27,068) $ (2,745) $ 1,144 $ (28,669) Other comprehensive income (loss) arising during the period 2,062 — (89) 1,973 Related income tax effects (433) — 23 (410) 1,629 — (66) 1,563 Reclassifications into net income — 11 (2) 9 Related income tax effects — (2) — (2) — 9 (2) 7 Other comprehensive income (loss), net of tax 1,629 9 (68) 1,570 Accumulated other comprehensive (loss) income at June 30, 2024 $ (25,439) $ (2,736) $ 1,076 $ (27,099) Securities Defined Cash Available Benefit Flow (Dollars in thousands) For Sale Plan Hedges Total Accumulated other comprehensive (loss) income at March 31, 2023 $ (29,903) $ (3,219) $ 1,199 $ (31,923) Other comprehensive (loss) income arising during the period (4,724) — 305 (4,419) Related income tax effects 992 — (78) 914 (3,732) — 227 (3,505) Reclassifications into net income — 31 (2) 29 Related income tax effects — (7) — (7) — 24 (2) 22 Other comprehensive (loss) income, net of tax (3,732) 24 225 (3,483) Accumulated other comprehensive (loss) income at June 30, 2023 $ (33,635) $ (3,195) $ 1,424 $ (35,406) Changes in each component of accumulated other comprehensive loss were as follows for the six months ended June 30, 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 (553) — 17 (536) Related income tax effects 116 — (4) 112 (437) — 13 (424) Reclassifications into net income — 20 (5) 15 Related income tax effects — (4) 1 (3) — 16 (4) 12 Other comprehensive (loss) income, net of tax (437) 16 9 (412) Accumulated other comprehensive (loss) income at June 30, 2024 $ (25,439) $ (2,736) $ 1,076 $ (27,099) 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 1,956 — (48) 1,908 Related income tax effects (411) — 13 (398) 1,545 — (35) 1,510 Reclassifications into net income 5 52 (4) 53 Related income tax effects (1) (11) 1 (11) 4 41 (3) 42 Other comprehensive income (loss), net of tax 1,549 41 (38) 1,552 Accumulated other comprehensive (loss) income at June 30, 2023 $ (33,635) $ (3,195) $ 1,424 $ (35,406) The following table provides information regarding reclassifications from accumulated other comprehensive loss into net income for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, Line Item In the Consolidated (Dollars in thousands) 2024 2023 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) (48) (54) (86) Noninterest expenses - Other Amortization of prior service credit into net income 16 17 34 34 Noninterest expenses - Other Related income tax effects 2 7 4 11 Income tax expense (9) (24) (16) (41) Net of tax Cash flow hedges: Amortization of hedging gains into net income 2 2 5 4 Interest expense - Trust preferred capital notes Related income tax effects — — (1) (1) Income tax expense 2 2 4 3 Net of tax Total reclassifications into net income $ (7) $ (22) $ (12) $ (42) 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 June 30, (Dollars in thousands) 2024 2023 Net income attributable to C&F Financial Corporation $ 5,007 $ 6,306 Weighted average shares outstanding — 3,343,192 3,424,820 Six Months Ended June 30, (Dollars in thousands) 2024 2023 Net income attributable to C&F Financial Corporation $ 8,408 $ 12,747 Weighted average shares outstanding — 3,357,063 3,444,746 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	6 Months Ended
Share-Based Plans	Jun. 30, 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 17,775 46.75 Vested (31,681) 49.08 Forfeited (1,400) 53.60 Unvested, June 30, 2024 120,388 52.12 2023 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2022 145,677 $ 48.88 Granted 18,255 57.39 Vested (25,763) 51.88 Forfeited (3,440) 49.13 Unvested, June 30, 2023 134,729 49.45 Share-based compensation expense, net of forfeitures, for the three and six months ended June 30, 2024 was $463,000 ($354,000 after tax) and $973,000 ($667,000 after tax), respectively, for restricted stock granted during 2019 through 2024. Share-based compensation expense, net of forfeitures, for the three and six months ended June 30, 2023 was $453,000 ($316,000 after tax) and $927,000 ($612,000 after tax), respectively, for restricted stock granted during 2018 through 2023. As of June 30, 2024, there was $3.46 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	6 Months Ended
Employee Benefit Plans	Jun. 30, 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 June 30, Six Months Ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Components of net periodic benefit cost: Service cost, included in salaries and employee benefits $ 368 $ 330 $ 737 $ 688 Other components of net periodic benefit cost: Interest cost 190 182 379 364 Expected return on plan assets (344) (317) (685) (642) Amortization of prior service credit (16) (17) (34) (34) Recognized net actuarial losses 27 48 54 86 Other components of net periodic benefit cost, included in other noninterest expense (143) (104) (286) (226) Net periodic benefit cost $ 225 $ 226 $ 451 $ 462

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	6 Months Ended
Fair Value of Assets and Liabilities	Jun. 30, 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. June 30, 2024 and December 31, 2023, the Corporation’s entire securities portfolio was comprised of investments in debt securities classified as available for sale, which were valued using Level 2 fair value measurements. The Corporation has contracted with third party portfolio accounting service vendors for valuation of its securities portfolio. The vendors’ sources for security valuation are ICE Data Services (ICE), Refinitiv, and Bloomberg Valuation Service (BVAL). Each source provides opinions, known as evaluated prices, as to the value of individual securities based on model-based pricing techniques that are partially based on available market data, including prices for similar instruments in active markets and prices for identical assets in markets that are not active. ICE provides evaluated prices for the Corporation’s obligations of states and political subdivisions category of securities. ICE uses proprietary pricing models and pricing systems, mathematical tools and judgment to determine an evaluated price for a security based upon a hierarchy of market information regarding that security or securities with similar characteristics. Refinitiv and BVAL provide evaluated prices for the Corporation’s U.S. treasury, government agencies and corporations, mortgage-backed, and corporate categories of securities. U.S. treasury securities and fixed-rate callable securities of U.S. government agencies and corporations are individually evaluated on an option adjusted spread basis for callable issues or on a nominal spread basis incorporating the term structure of agency market spreads and the appropriate risk free benchmark curve for non-callable issues. Pass-through mortgage-backed securities (MBS) in the mortgage-backed category are grouped into aggregate categories defined by issuer program, weighted average coupon, and weighted average maturity. Each aggregate is benchmarked to relative to-be-announced mortgage-backed securities (TBA securities) or other benchmark prices. TBA securities prices are obtained from market makers and live trading systems. Collateralized mortgage obligations in the mortgage-backed category are individually evaluated based upon a hierarchy of security specific information and market data regarding that security or securities with similar characteristics. Each evaluation is determined using an option adjusted spread and prepayment model based on volatility-driven, multi-dimensional spread tables. Fixed-rate securities issued by the Small Business Association in the mortgage backed category are individually evaluated based upon a hierarchy of security specific information and market data regarding that security or securities with similar characteristics. Other investments. 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 June 30, 2024 and December 31, 2023, the fair value of these investments was $3.73 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 unrealized gains of $92,000 and $240,000 for the three and six months ended June 30, 2024, respectively, and unrealized gains of $83,000 and unrealized losses of $140,000 for the three and six months ended June 30, 2023, respectively. The Corporation’s investments in these agencies are classified as Level 2. Loans held for sale. Derivative asset - IRLCs. Derivative asset/liability – interest rate swaps on loans. Derivative asset/liability – cash flow hedges. The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis. The fair value of forward sales of mortgage loans were not material to the consolidated financial statements of the Corporation at June 30, 2024 or December 31, 2023. June 30, 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 $ — $ 10,469 $ — $ 10,469 U.S. government agencies and corporations — 68,124 — 68,124 Mortgage-backed securities — 161,457 — 161,457 Obligations of states and political subdivisions — 143,840 — 143,840 Corporate and other debt securities — 20,868 — 20,868 Total securities available for sale — 404,758 — 404,758 Loans held for sale — 33,716 — 33,716 Other investments — 3,731 — 3,731 Derivatives IRLC — 730 — 730 Interest rate swaps on loans — 6,043 — 6,043 Cash flow hedges — 1,423 — 1,423 Total assets $ — $ 450,401 $ — $ 450,401 Liabilities: Derivatives Interest rate swaps on loans $ — $ 6,043 $ — $ 6,043 Total liabilities $ — $ 6,043 $ — $ 6,043 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 June 30, 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 June 30, 2024 Classified as Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ 46,174 $ 44,666 $ 1,508 $ — $ 46,174 Securities available for sale 404,758 — 404,758 — 404,758 Loans, net 1,824,833 — — 1,764,692 1,764,692 Loans held for sale 33,716 — 33,716 — 33,716 Other investments 3,731 — 3,731 — 3,731 Derivatives IRLC 730 — 730 — 730 Interest rate swaps on loans 6,043 — 6,043 — 6,043 Cash flow hedges 1,423 — 1,423 — 1,423 Bank-owned life insurance 21,705 — 21,705 — 21,705 Accrued interest receivable 10,516 10,516 — — 10,516 Financial liabilities: Demand and savings deposits 1,322,398 1,322,398 — — 1,322,398 Time deposits 783,664 — 780,017 — 780,017 Borrowings 110,470 — 96,839 — 96,839 Derivatives Interest rate swaps on loans 6,043 — 6,043 — 6,043 Accrued interest payable 4,670 4,670 — — 4,670 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	6 Months Ended
Business Segments	Jun. 30, 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 June 30, 2024 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 27,435 $ 533 $ 12,383 $ — $ (6,039) $ 34,312 Interest expense 9,941 244 5,894 542 (6,137) 10,484 Net interest income 17,494 289 6,489 (542) 98 23,828 Gain on sales of loans — 1,863 — — (162) 1,701 Other noninterest income 4,165 1,192 226 119 (79) 5,623 Net revenue 21,659 3,344 6,715 (423) (143) 31,152 Provision for credit losses 450 — 2,100 — — 2,550 Noninterest expense 15,650 2,840 3,385 513 (15) 22,373 Income (loss) before taxes 5,559 504 1,230 (936) (128) 6,229 Income tax expense (benefit) 988 128 336 (232) (25) 1,195 Net income (loss) $ 4,571 $ 376 $ 894 $ (704) $ (103) $ 5,034 Other data: Capital expenditures $ 523 $ 16 $ — $ — $ — $ 539 Depreciation and amortization $ 855 $ 20 $ 84 $ — $ — $ 959 Three Months Ended June 30, 2023 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 24,334 $ 499 $ 11,785 $ — $ (5,880) $ 30,738 Interest expense 5,850 219 5,705 545 (5,926) 6,393 Net interest income 18,484 280 6,080 (545) 46 24,345 Gain on sales of loans — 1,928 — — (12) 1,916 Other noninterest income 4,042 1,268 203 579 (47) 6,045 Net revenue 22,526 3,476 6,283 34 (13) 32,306 Provision for loan losses 600 — 1,100 — — 1,700 Noninterest expense 14,999 3,030 3,712 961 (13) 22,689 Income (loss) before taxes 6,927 446 1,471 (927) — 7,917 Income tax expense (benefit) 1,288 100 401 (257) 1 1,533 Net income (loss) $ 5,639 $ 346 $ 1,070 $ (670) $ (1) $ 6,384 Other data: Capital expenditures $ 95 $ — $ — $ — $ — $ 95 Depreciation and amortization $ 856 $ 19 $ 100 $ — $ — $ 975 Six Months Ended June 30, 2024 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 53,604 $ 814 $ 24,408 $ — $ (11,806) $ 67,020 Interest expense 18,946 288 11,697 1,087 (11,984) 20,034 Net interest income 34,658 526 12,711 (1,087) 178 46,986 Gain on sales of loans — 3,344 — — (355) 2,989 Other noninterest income 8,275 2,240 481 959 (128) 11,827 Net revenue 42,933 6,110 13,192 (128) (305) 61,802 Provision for loan losses 950 — 5,100 — — 6,050 Noninterest expense 31,566 5,213 6,945 1,830 (31) 45,523 Income (loss) before taxes 10,417 897 1,147 (1,958) (274) 10,229 Income tax expense (benefit) 1,834 227 316 (560) (57) 1,760 Net income (loss) $ 8,583 $ 670 $ 831 $ (1,398) $ (217) $ 8,469 Other data: Capital expenditures $ 816 $ 97 $ 111 $ — $ — $ 1,024 Depreciation and amortization $ 1,693 $ 34 $ 169 $ — $ — $ 1,896 Six Months Ended June 30, 2023 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 47,465 $ 795 $ 23,293 $ — $ (11,510) $ 60,043 Interest expense 9,593 281 11,312 1,148 (11,594) 10,740 Net interest income 37,872 514 11,981 (1,148) 84 49,303 Gain on sales of loans — 3,785 — — (75) 3,710 Other noninterest income 7,952 2,269 436 1,336 (105) 11,888 Net revenue 45,824 6,568 12,417 188 (96) 64,901 Provision for loan losses 1,050 — 2,700 — — 3,750 Noninterest expense 29,934 5,828 7,540 2,011 (29) 45,284 Income (loss) before taxes 14,840 740 2,177 (1,823) (67) 15,867 Income tax expense (benefit) 2,783 167 598 (544) (18) 2,986 Net income (loss) $ 12,057 $ 573 $ 1,579 $ (1,279) $ (49) $ 12,881 Other data: Capital expenditures $ 610 $ — $ — $ — $ — $ 610 Depreciation and amortization $ 1,720 $ 43 $ 200 $ — $ — $ 1,963 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Total assets at June 30, 2024 $ 2,371,916 $ 45,146 $ 485,624 $ 32,386 $ (442,972) $ 2,492,100 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 3.7 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	6 Months Ended
Commitments and Contingent Liabilities	Jun. 30, 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 $447.69 million at June 30, 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 $14.05 million at June 30, 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 and six months ended June 30, 2024, the Corporation recorded a net reversal of provision for indemnifications of $135,000 and $275,000, respectively, and recorded a net reversal of provision for indemnifications of $235,000 for both the three and six months ended June 30, 2023, which is included in “Noninterest Expenses – Other” on the Consolidated Statements of Income. No indemnification payments were made during the three and six months ended June 30, 2024 and 2023. The allowance for indemnifications was $1.53 million and $1.81 million at June 30, 2024 and December 31, 2023, respectively.

Derivative Financial Instrument

Derivative Financial Instruments	6 Months Ended
Derivative Financial Instruments	Jun. 30, 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 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 June 30, 2024, the mortgage banking segment had $60.26 million of IRLCs and $37.81 million of unpaid principal on mortgage loans held for sale, including those held for sale to C&F Bank, for which it managed interest rate risk using best-efforts forward sales contracts for $98.07 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. June 30, 2024 Notional (Dollars in thousands) Amount Assets Liabilities Cash flow hedges: Interest rate swap contracts $ 25,000 $ 1,423 $ — Not designated as hedges: Customer-related interest rate swap contracts: Matched interest rate swaps with borrower 108,849 602 5,441 Matched interest rate swaps with counterparty 108,849 5,441 602 Mortgage banking contracts: IRLCs 60,261 730 — 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 June 30, 2024 and December 31, 2023, there was cash collateral maintained with dealer counterparties.

Other Noninterest Expenses

Other Noninterest Expenses	6 Months Ended
Other Noninterest Expenses	Jun. 30, 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 June 30, Six Months Ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Telecommunication expenses $ 379 $ 351 $ 770 $ 626 Travel and educational expenses 237 305 526 653 Licenses and taxes expense 250 218 486 420 Provision for indemnifications (135) (235) (275) (235) Other real estate loss/(gain) and expense, net — — — (5) Other components of net periodic pension cost (143) (104) (286) (226) All other noninterest expenses 1,448 1,610 3,079 3,232 Total other noninterest expenses $ 2,036 $ 2,145 $ 4,300 $ 4,465

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 5,007	$ 6,306	$ 8,408	$ 12,747

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 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

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
Summary of Significant Accounting Policies (Policies)	Jun. 30, 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)	6 Months Ended
Securities (Tables)	Jun. 30, 2024
Securities
Summary of available for sale debt securities	June 30, 2024 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. Treasury securities $ 10,970 $ — $ (501) $ 10,469 U.S. government agencies and corporations 77,062 — (8,938) 68,124 Mortgage-backed securities 177,324 279 (16,146) 161,457 Obligations of states and political subdivisions 147,438 1,187 (4,785) 143,840 Corporate and other debt securities 24,165 — (3,297) 20,868 $ 436,959 $ 1,466 $ (33,667) $ 404,758 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	June 30, 2024 Amortized (Dollars in thousands) Cost Fair Value Due in one year or less $ 64,742 $ 61,986 Due after one year through five years 178,757 163,364 Due after five years through ten years 115,524 104,176 Due after ten years 77,936 75,232 $ 436,959 $ 404,758
Schedule of gross realized gains and losses and the proceeds	Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2024 2023 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 $ 35,572 $ 25,111 $ 72,896 $ 44,841
Schedule of securities in an unrealized loss position	Securities in an unrealized loss position at June 30, 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 $ — $ — $ 10,469 $ 501 $ 10,469 $ 501 U.S. government agencies and corporations — — 68,124 8,938 68,124 8,938 Mortgage-backed securities 4,700 80 140,346 16,066 145,046 16,146 Obligations of states and political subdivisions 22,328 215 64,748 4,570 87,076 4,785 Corporate and other debt securities 2,703 297 18,165 3,000 20,868 3,297 Total $ 29,731 $ 592 $ 301,852 $ 33,075 $ 331,583 $ 33,667 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)	6 Months Ended
Loans (Tables)	Jun. 30, 2024
Loans
Summary of classes of loans	June 30, December 31, (Dollars in thousands) 2024 2023 Commercial real estate $ 701,460 $ 668,122 Commercial business 119,020 115,348 Construction - commercial real estate 120,208 69,768 Land acquisition and development 31,355 29,064 Builder lines 21,727 24,668 Construction - consumer real estate 16,481 11,223 Residential mortgage 308,790 293,256 Equity lines 56,835 51,592 Other consumer 10,956 10,588 Consumer finance - automobiles 406,833 401,276 Consumer finance - marine and recreational vehicles 71,511 67,234 Subtotal 1,865,176 1,742,139 Less allowance for credit losses (40,343) (39,651) Loans, net $ 1,824,833 $ 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 $ — $ 191 $ — $ 191 $ 701,269 $ 701,460 $ — Commercial business 77 — — 77 118,943 119,020 — Construction - commercial real estate — — — — 120,208 120,208 — Land acquisition and development — — — — 31,355 31,355 — Builder lines — — — — 21,727 21,727 — Construction - consumer real estate — — 517 517 15,964 16,481 — Residential mortgage 2,415 86 391 2,892 305,898 308,790 118 Equity lines 192 — 97 289 56,546 56,835 47 Other consumer 19 27 — 46 10,910 10,956 — Consumer finance - automobiles 13,565 2,095 780 16,440 390,393 406,833 — Consumer finance - marine and recreational vehicles 217 119 22 358 71,153 71,511 — Total $ 16,485 $ 2,518 $ 1,807 $ 20,810 $ 1,844,366 $ 1,865,176 $ 165 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	June 30, December 31, (Dollars in thousands) 2024 2023 Construction - consumer real estate $ 517 $ — Residential mortgage 531 320 Equity lines 50 77 Other consumer — 9 Consumer finance - automobiles 780 892 Consumer finance - marine and recreational vehicles 22 — Total $ 1,900 $ 1,298
Summary of amortized cost basis of loans that were both experiencing financial difficulty and modified	Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 % of Total % of Total Class of Class of Amortized Financing Amortized Financing (Dollars in thousands) Cost Receivable Cost Receivable Term Extension Residential mortgage $ — — % $ 340 0.1 % Total Term Extension $ — $ 340 Combination Term Extension and Interest Rate Reduction Residential mortgage $ — — % $ 18 — % Total Combination Term Extension and Interest Rate Reduction $ — $ 18 Total $ — — % $ 358 — % Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 % of Total % of Total Class of Class of Amortized Financing Amortized Financing (Dollars in thousands) Cost Receivable Cost Receivable Combination Term Extension and Interest Rate Reduction Commercial real estate $ — — % $ 47 — % Total Combination Term Extension and Interest Rate Reduction $ — $ 47 Total $ — — % $ 47 — % Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 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) Residential mortgage — % — 1.51 % 6.9 Total — % — 1.51 % 6.9 Three Months Ended June 30, 2023 Six Months Ended June 30, 2023 Weighted- Weighted- Weighted- Weighted- Average Average Average Average Interest Rate Term Extension Interest Rate Term Extension (Dollars in thousands) Reduction (in years) Reduction (in years) Commercial real estate — % — 0.75 % 4.9 Total — % — 0.75 % 4.9

Allowance for Credit Losses (Ta

Allowance for Credit Losses (Tables)	6 Months Ended
Allowance for Credit Losses (Tables)	Jun. 30, 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 645 255 5,100 6,000 Loans charged off — (169) (7,572) (7,741) Recoveries of loans previously charged off 18 98 2,317 2,433 Balance at June 30, 2024 $ 12,978 $ 3,942 $ 23,423 $ 40,343 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 432 219 2,700 3,351 Loans charged off (16) (157) (5,934) (6,107) Recoveries of loans previously charged off 125 104 2,046 2,275 Balance at June 30, 2023 $ 11,738 $ 3,603 $ 25,187 $ 40,528
Schedule of breakdown of provision for credit losses	Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Provision for credit losses: Provision for loans $ 2,400 $ 1,401 $ 6,000 $ 3,351 Provision for unfunded commitments 150 299 50 399 Total $ 2,550 $ 1,700 $ 6,050 $ 3,750
Schedule of loans by credit quality indicators	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 $ 57,461 $ 78,507 $ 125,591 $ 149,376 $ 118,129 $ 165,667 $ — $ 114 $ 694,845 Special Mention — — — 5,668 — 947 — — 6,615 Total $ 57,461 $ 78,507 $ 125,591 $ 155,044 $ 118,129 $ 166,614 $ — $ 114 $ 701,460 Commercial business: Loan Rating Pass $ 5,154 $ 15,501 $ 18,034 $ 15,884 $ 11,624 $ 26,395 $ 26,252 $ 96 $ 118,940 Special Mention 25 55 — — — — — — 80 Total $ 5,179 $ 15,556 $ 18,034 $ 15,884 $ 11,624 $ 26,395 $ 26,252 $ 96 $ 119,020 Construction - commercial real estate: Loan Rating Pass $ 20,161 $ 45,282 $ 54,765 $ — $ — $ — $ — $ — $ 120,208 Total $ 20,161 $ 45,282 $ 54,765 $ — $ — $ — $ — $ — $ 120,208 Land acquisition and development: Loan Rating Pass $ 3,339 $ 5,708 $ 3,942 $ 8,368 $ 9,998 $ — $ — $ — $ 31,355 Total $ 3,339 $ 5,708 $ 3,942 $ 8,368 $ 9,998 $ — $ — $ — $ 31,355 Builder lines: Loan Rating Pass $ 12,471 $ 6,818 $ 1,555 $ 479 $ — $ 404 $ — $ — $ 21,727 Total $ 12,471 $ 6,818 $ 1,555 $ 479 $ — $ 404 $ — $ — $ 21,727 Construction - consumer real estate: Loan Rating Pass $ 5,203 $ 9,844 $ 917 $ — $ — $ — $ — $ — $ 15,964 Substandard Nonaccrual — 517 — — — — — — 517 Total $ 5,203 $ 10,361 $ 917 $ — $ — $ — $ — $ — $ 16,481 Residential mortgage: Loan Rating Pass $ 32,529 $ 56,114 $ 86,985 $ 42,060 $ 37,588 $ 51,633 $ — $ — $ 306,909 Special Mention — 872 43 — — 34 — — 949 Substandard — — — — 103 298 — — 401 Substandard Nonaccrual 131 21 105 — — 274 — — 531 Total $ 32,660 $ 57,007 $ 87,133 $ 42,060 $ 37,691 $ 52,239 $ — $ — $ 308,790 Equity lines: Loan Rating Pass $ — $ — $ — $ — $ 70 $ 844 $ 55,438 $ 277 $ 56,629 Substandard — — — — — 5 — 151 156 Substandard Nonaccrual — — — — — — — 50 50 Total $ — $ — $ — $ — $ 70 $ 849 $ 55,438 $ 478 $ 56,835 Other consumer: Loan Rating Pass $ 3,891 $ 3,643 $ 2,059 $ 409 $ 189 $ 718 $ 47 $ — $ 10,956 Total $ 3,891 $ 3,643 $ 2,059 $ 409 $ 189 $ 718 $ 47 $ — $ 10,956 Total: Loan Rating Pass $ 140,209 $ 221,417 $ 293,848 $ 216,576 $ 177,598 $ 245,661 $ 81,737 $ 487 $ 1,377,533 Special Mention 25 927 43 5,668 — 981 — — 7,644 Substandard — — — — 103 303 — 151 557 Substandard Nonaccrual 131 538 105 — — 274 — 50 1,098 Total $ 140,365 $ 222,882 $ 293,996 $ 222,244 $ 177,701 $ 247,219 $ 81,737 $ 688 $ 1,386,832 1 For the three and six months ended June 30, 2024, $78,000 and $136,000 of equity lines revolving loans were converted to term, respectively. 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. 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 $ 14,402 $ 12,501 $ 10,050 $ 3,209 $ 706 $ 179 $ — $ — $ 41,047 Good 22,324 31,064 35,997 12,348 2,347 750 — — 104,830 Fairly good 23,662 39,611 45,913 21,781 4,589 3,092 — — 138,648 Fair 12,883 25,377 30,434 17,304 5,259 4,062 — — 95,319 Marginal 2,860 5,407 7,244 6,332 2,435 2,711 — — 26,989 Total $ 76,131 $ 113,960 $ 129,638 $ 60,974 $ 15,336 $ 10,794 $ — $ — $ 406,833 Consumer finance - marine and recreational vehicles: Credit rating Very good $ 7,061 $ 6,830 $ 13,759 $ 8,922 $ 8,818 $ 4,265 $ — $ — $ 49,655 Good 3,431 6,885 7,504 1,443 1,250 809 — — 21,322 Fairly good — 217 217 36 29 35 — — 534 Total $ 10,492 $ 13,932 $ 21,480 $ 10,401 $ 10,097 $ 5,109 $ — $ — $ 71,511 Total: Credit rating Very good $ 21,463 $ 19,331 $ 23,809 $ 12,131 $ 9,524 $ 4,444 $ — $ — $ 90,702 Good 25,755 37,949 43,501 13,791 3,597 1,559 — — 126,152 Fairly good 23,662 39,828 46,130 21,817 4,618 3,127 — — 139,182 Fair 12,883 25,377 30,434 17,304 5,259 4,062 — — 95,319 Marginal 2,860 5,407 7,244 6,332 2,435 2,711 — — 26,989 Total $ 86,623 $ 127,892 $ 151,118 $ 71,375 $ 25,433 $ 15,903 $ — $ — $ 478,344 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 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 1 147 11 5 — — 3 — — 166 Consumer finance - automobiles 78 1,370 3,383 1,846 312 405 — — 7,394 Consumer finance - marine and recreational vehicles — 40 103 8 27 — — — 178 Total $ 228 $ 1,421 $ 3,491 $ 1,854 $ 339 $ 408 $ — $ — $ 7,741 1 Gross charge-offs of other consumer loans for the six months ended June 30, 2024 included $137,000 of demand deposit overdrafts that originated in 2024. Revolving Current Period Gross Charge-offs by Origination Year Loans Revolving Converted (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Loans to Term Total Commercial business $ — $ 16 $ — $ — $ — $ — $ — $ — $ 16 Equity lines — — — — — 8 — — 8 Other consumer 1 140 7 — — 2 — — — 149 Consumer finance - automobiles 83 2,789 1,739 430 312 460 — — 5,813 Consumer finance - marine and recreational vehicles — 56 — 49 2 14 — — 121 Total $ 223 $ 2,868 $ 1,739 $ 479 $ 316 $ 482 $ — $ — $ 6,107 1 Gross charge-offs of other consumer loans for the six months ended June 30, 2023 included $139,000 of demand deposit overdrafts that originated in 2023.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
Goodwill and Other Intangible Assets (Tables)	Jun. 30, 2024
Goodwill and Other Intangible Assets
Schedule of gross carrying amounts and accumulated amortization of other intangible assets	June 30, 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 $ (644) $ 1,711 $ (588) Other amortizable intangibles 1,405 (1,195) 1,405 (1,121) Total $ 3,116 $ (1,839) $ 3,116 $ (1,709)

Equity, Other Comprehensive I_2

Equity, Other Comprehensive Income (Loss) and Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 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 March 31, 2024 $ (27,068) $ (2,745) $ 1,144 $ (28,669) Other comprehensive income (loss) arising during the period 2,062 — (89) 1,973 Related income tax effects (433) — 23 (410) 1,629 — (66) 1,563 Reclassifications into net income — 11 (2) 9 Related income tax effects — (2) — (2) — 9 (2) 7 Other comprehensive income (loss), net of tax 1,629 9 (68) 1,570 Accumulated other comprehensive (loss) income at June 30, 2024 $ (25,439) $ (2,736) $ 1,076 $ (27,099) Securities Defined Cash Available Benefit Flow (Dollars in thousands) For Sale Plan Hedges Total Accumulated other comprehensive (loss) income at March 31, 2023 $ (29,903) $ (3,219) $ 1,199 $ (31,923) Other comprehensive (loss) income arising during the period (4,724) — 305 (4,419) Related income tax effects 992 — (78) 914 (3,732) — 227 (3,505) Reclassifications into net income — 31 (2) 29 Related income tax effects — (7) — (7) — 24 (2) 22 Other comprehensive (loss) income, net of tax (3,732) 24 225 (3,483) Accumulated other comprehensive (loss) income at June 30, 2023 $ (33,635) $ (3,195) $ 1,424 $ (35,406) 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 (553) — 17 (536) Related income tax effects 116 — (4) 112 (437) — 13 (424) Reclassifications into net income — 20 (5) 15 Related income tax effects — (4) 1 (3) — 16 (4) 12 Other comprehensive (loss) income, net of tax (437) 16 9 (412) Accumulated other comprehensive (loss) income at June 30, 2024 $ (25,439) $ (2,736) $ 1,076 $ (27,099) 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 1,956 — (48) 1,908 Related income tax effects (411) — 13 (398) 1,545 — (35) 1,510 Reclassifications into net income 5 52 (4) 53 Related income tax effects (1) (11) 1 (11) 4 41 (3) 42 Other comprehensive income (loss), net of tax 1,549 41 (38) 1,552 Accumulated other comprehensive (loss) income at June 30, 2023 $ (33,635) $ (3,195) $ 1,424 $ (35,406)
Schedule of reclassifications from accumulated other comprehensive loss	Three Months Ended June 30, Six Months Ended June 30, Line Item In the Consolidated (Dollars in thousands) 2024 2023 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) (48) (54) (86) Noninterest expenses - Other Amortization of prior service credit into net income 16 17 34 34 Noninterest expenses - Other Related income tax effects 2 7 4 11 Income tax expense (9) (24) (16) (41) Net of tax Cash flow hedges: Amortization of hedging gains into net income 2 2 5 4 Interest expense - Trust preferred capital notes Related income tax effects — — (1) (1) Income tax expense 2 2 4 3 Net of tax Total reclassifications into net income $ (7) $ (22) $ (12) $ (42) 1 See “Note 8: Employee Benefit Plans,” for additional information.
Schedule of components earnings per share calculations	Three Months Ended June 30, (Dollars in thousands) 2024 2023 Net income attributable to C&F Financial Corporation $ 5,007 $ 6,306 Weighted average shares outstanding — 3,343,192 3,424,820 Six Months Ended June 30, (Dollars in thousands) 2024 2023 Net income attributable to C&F Financial Corporation $ 8,408 $ 12,747 Weighted average shares outstanding — 3,357,063 3,444,746

Share-Based Plans (Tables)

Share-Based Plans (Tables)	6 Months Ended
Share-Based Plans (Tables)	Jun. 30, 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 17,775 46.75 Vested (31,681) 49.08 Forfeited (1,400) 53.60 Unvested, June 30, 2024 120,388 52.12 2023 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2022 145,677 $ 48.88 Granted 18,255 57.39 Vested (25,763) 51.88 Forfeited (3,440) 49.13 Unvested, June 30, 2023 134,729 49.45

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	6 Months Ended
Employee Benefit Plans (Tables)	Jun. 30, 2024
Employee Benefit Plans
Schedule of net periodic benefit costs	Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Components of net periodic benefit cost: Service cost, included in salaries and employee benefits $ 368 $ 330 $ 737 $ 688 Other components of net periodic benefit cost: Interest cost 190 182 379 364 Expected return on plan assets (344) (317) (685) (642) Amortization of prior service credit (16) (17) (34) (34) Recognized net actuarial losses 27 48 54 86 Other components of net periodic benefit cost, included in other noninterest expense (143) (104) (286) (226) Net periodic benefit cost $ 225 $ 226 $ 451 $ 462

Fair Value of Assets and Liab_2

Fair Value of Assets and Liabilities (Tables)	6 Months Ended
Fair Value of Assets and Liabilities (Tables)	Jun. 30, 2024
Fair Value of Assets and Liabilities
Schedule of balances of financial assets and liabilities measured at fair value on a recurring basis	June 30, 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 $ — $ 10,469 $ — $ 10,469 U.S. government agencies and corporations — 68,124 — 68,124 Mortgage-backed securities — 161,457 — 161,457 Obligations of states and political subdivisions — 143,840 — 143,840 Corporate and other debt securities — 20,868 — 20,868 Total securities available for sale — 404,758 — 404,758 Loans held for sale — 33,716 — 33,716 Other investments — 3,731 — 3,731 Derivatives IRLC — 730 — 730 Interest rate swaps on loans — 6,043 — 6,043 Cash flow hedges — 1,423 — 1,423 Total assets $ — $ 450,401 $ — $ 450,401 Liabilities: Derivatives Interest rate swaps on loans $ — $ 6,043 $ — $ 6,043 Total liabilities $ — $ 6,043 $ — $ 6,043 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 June 30, 2024 Classified as Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ 46,174 $ 44,666 $ 1,508 $ — $ 46,174 Securities available for sale 404,758 — 404,758 — 404,758 Loans, net 1,824,833 — — 1,764,692 1,764,692 Loans held for sale 33,716 — 33,716 — 33,716 Other investments 3,731 — 3,731 — 3,731 Derivatives IRLC 730 — 730 — 730 Interest rate swaps on loans 6,043 — 6,043 — 6,043 Cash flow hedges 1,423 — 1,423 — 1,423 Bank-owned life insurance 21,705 — 21,705 — 21,705 Accrued interest receivable 10,516 10,516 — — 10,516 Financial liabilities: Demand and savings deposits 1,322,398 1,322,398 — — 1,322,398 Time deposits 783,664 — 780,017 — 780,017 Borrowings 110,470 — 96,839 — 96,839 Derivatives Interest rate swaps on loans 6,043 — 6,043 — 6,043 Accrued interest payable 4,670 4,670 — — 4,670 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)	6 Months Ended
Business Segments (Tables)	Jun. 30, 2024
Business Segments
Schedule of segment reporting information, by segment	Three Months Ended June 30, 2024 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 27,435 $ 533 $ 12,383 $ — $ (6,039) $ 34,312 Interest expense 9,941 244 5,894 542 (6,137) 10,484 Net interest income 17,494 289 6,489 (542) 98 23,828 Gain on sales of loans — 1,863 — — (162) 1,701 Other noninterest income 4,165 1,192 226 119 (79) 5,623 Net revenue 21,659 3,344 6,715 (423) (143) 31,152 Provision for credit losses 450 — 2,100 — — 2,550 Noninterest expense 15,650 2,840 3,385 513 (15) 22,373 Income (loss) before taxes 5,559 504 1,230 (936) (128) 6,229 Income tax expense (benefit) 988 128 336 (232) (25) 1,195 Net income (loss) $ 4,571 $ 376 $ 894 $ (704) $ (103) $ 5,034 Other data: Capital expenditures $ 523 $ 16 $ — $ — $ — $ 539 Depreciation and amortization $ 855 $ 20 $ 84 $ — $ — $ 959 Three Months Ended June 30, 2023 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 24,334 $ 499 $ 11,785 $ — $ (5,880) $ 30,738 Interest expense 5,850 219 5,705 545 (5,926) 6,393 Net interest income 18,484 280 6,080 (545) 46 24,345 Gain on sales of loans — 1,928 — — (12) 1,916 Other noninterest income 4,042 1,268 203 579 (47) 6,045 Net revenue 22,526 3,476 6,283 34 (13) 32,306 Provision for loan losses 600 — 1,100 — — 1,700 Noninterest expense 14,999 3,030 3,712 961 (13) 22,689 Income (loss) before taxes 6,927 446 1,471 (927) — 7,917 Income tax expense (benefit) 1,288 100 401 (257) 1 1,533 Net income (loss) $ 5,639 $ 346 $ 1,070 $ (670) $ (1) $ 6,384 Other data: Capital expenditures $ 95 $ — $ — $ — $ — $ 95 Depreciation and amortization $ 856 $ 19 $ 100 $ — $ — $ 975 Six Months Ended June 30, 2024 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 53,604 $ 814 $ 24,408 $ — $ (11,806) $ 67,020 Interest expense 18,946 288 11,697 1,087 (11,984) 20,034 Net interest income 34,658 526 12,711 (1,087) 178 46,986 Gain on sales of loans — 3,344 — — (355) 2,989 Other noninterest income 8,275 2,240 481 959 (128) 11,827 Net revenue 42,933 6,110 13,192 (128) (305) 61,802 Provision for loan losses 950 — 5,100 — — 6,050 Noninterest expense 31,566 5,213 6,945 1,830 (31) 45,523 Income (loss) before taxes 10,417 897 1,147 (1,958) (274) 10,229 Income tax expense (benefit) 1,834 227 316 (560) (57) 1,760 Net income (loss) $ 8,583 $ 670 $ 831 $ (1,398) $ (217) $ 8,469 Other data: Capital expenditures $ 816 $ 97 $ 111 $ — $ — $ 1,024 Depreciation and amortization $ 1,693 $ 34 $ 169 $ — $ — $ 1,896 Six Months Ended June 30, 2023 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Interest income $ 47,465 $ 795 $ 23,293 $ — $ (11,510) $ 60,043 Interest expense 9,593 281 11,312 1,148 (11,594) 10,740 Net interest income 37,872 514 11,981 (1,148) 84 49,303 Gain on sales of loans — 3,785 — — (75) 3,710 Other noninterest income 7,952 2,269 436 1,336 (105) 11,888 Net revenue 45,824 6,568 12,417 188 (96) 64,901 Provision for loan losses 1,050 — 2,700 — — 3,750 Noninterest expense 29,934 5,828 7,540 2,011 (29) 45,284 Income (loss) before taxes 14,840 740 2,177 (1,823) (67) 15,867 Income tax expense (benefit) 2,783 167 598 (544) (18) 2,986 Net income (loss) $ 12,057 $ 573 $ 1,579 $ (1,279) $ (49) $ 12,881 Other data: Capital expenditures $ 610 $ — $ — $ — $ — $ 610 Depreciation and amortization $ 1,720 $ 43 $ 200 $ — $ — $ 1,963 Community Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Total assets at June 30, 2024 $ 2,371,916 $ 45,146 $ 485,624 $ 32,386 $ (442,972) $ 2,492,100 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)	6 Months Ended
Derivative Financial Instruments (Tables)	Jun. 30, 2024
Derivative Financial Instruments
Schedule of key elements of derivative instruments other than forward sales of mortgage loans	June 30, 2024 Notional (Dollars in thousands) Amount Assets Liabilities Cash flow hedges: Interest rate swap contracts $ 25,000 $ 1,423 $ — Not designated as hedges: Customer-related interest rate swap contracts: Matched interest rate swaps with borrower 108,849 602 5,441 Matched interest rate swaps with counterparty 108,849 5,441 602 Mortgage banking contracts: IRLCs 60,261 730 — 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)	6 Months Ended
Other Noninterest Expenses (Tables)	Jun. 30, 2024
Other Noninterest Expenses.
Schedule of other noninterest expense	Three Months Ended June 30, Six Months Ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Telecommunication expenses $ 379 $ 351 $ 770 $ 626 Travel and educational expenses 237 305 526 653 Licenses and taxes expense 250 218 486 420 Provision for indemnifications (135) (235) (275) (235) Other real estate loss/(gain) and expense, net — — — (5) Other components of net periodic pension cost (143) (104) (286) (226) All other noninterest expenses 1,448 1,610 3,079 3,232 Total other noninterest expenses $ 2,036 $ 2,145 $ 4,300 $ 4,465

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Nature of Operations and Derivative Financial Instruments (Details)	Jun. 30, 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	Jun. 30, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 436,959	$ 494,092
Gross Unrealized Gains	1,466	2,465
Gross Unrealized Losses	(33,667)	(34,113)
Fair Value	404,758	462,444
U.S. Treasury securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	10,970	45,883
Gross Unrealized Losses	(501)	(780)
Fair Value	10,469	45,103
U.S. government agencies and corporations
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	77,062	96,407
Gross Unrealized Losses	(8,938)	(9,313)
Fair Value	68,124	87,094
Mortgage-backed securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	177,324	177,734
Gross Unrealized Gains	279	185
Gross Unrealized Losses	(16,146)	(16,223)
Fair Value	161,457	161,696
Obligations of states and political subdivisions
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	147,438	148,875
Gross Unrealized Gains	1,187	2,280
Gross Unrealized Losses	(4,785)	(4,044)
Fair Value	143,840	147,111
Corporate and other debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	24,165	25,193
Gross Unrealized Losses	(3,297)	(3,753)
Fair Value	$ 20,868	$ 21,440

Securities - Maturities and Rea

Securities - Maturities and Realized Gains and Losses (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($) security	Jun. 30, 2024 USD ($) security	Jun. 30, 2023 USD ($) security	Dec. 31, 2023 USD ($)
Securities
Exclude accrued interest receivable from the amortized cost basis of securities	$ 2,480		$ 2,480
Amortized Cost
Due in one year or less	64,742		64,742
Due after one year through five years	178,757		178,757
Due after five years through ten years	115,524		115,524
Due after ten years	77,936		77,936
Amortized Cost	436,959		436,959		$ 494,092
Fair Value
Due in one year or less	61,986		61,986
Due after one year through five years	163,364		163,364
Due after five years through ten years	104,176		104,176
Due after ten years	75,232		75,232
Fair Value	$ 404,758		$ 404,758		$ 462,444
Realized Gains and Losses
Number of securities sales \| security	0	0	0	0
Gross realized losses				$ (5)
Net realized losses				(5)
Proceeds from sales, maturities, calls and paydowns of securities	$ 35,572	$ 25,111	$ 72,896	$ 44,841

Securities - Pledged as Collate

Securities - Pledged as Collateral (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Available for sale securities
Amortized Cost	$ 436,959	$ 494,092
Fair Value	404,758	462,444
Securities Pledged as Collateral
Available for sale securities
Amortized Cost	193,970	215,970
Fair Value	$ 176,550	$ 198,850

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Details)	6 Months Ended
Securities - Unrealized Loss Positions (Details)	Jun. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($)
Fair value
Less Than 12 Months, Fair Value	$ 29,731,000	$ 13,573,000
12 Months or More, Fair Value	301,852,000	365,904,000
Total Fair Value	331,583,000	379,477,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	592,000	504,000
12 Months or More, Unrealized Loss	33,075,000	33,609,000
Total Unrealized Loss	$ 33,667,000	34,113,000
Other information
Number of positions \| security	513
Aggregate fair value	$ 331,583,000	379,477,000
Other than temporary impairment	0
U.S. Treasury securities
Fair value
12 Months or More, Fair Value	10,469,000	45,103,000
Total Fair Value	10,469,000	45,103,000
Unrealized Loss
12 Months or More, Unrealized Loss	501,000	780,000
Total Unrealized Loss	501,000	780,000
Other information
Aggregate fair value	10,469,000	45,103,000
U.S. government agencies and corporations
Fair value
12 Months or More, Fair Value	68,124,000	87,094,000
Total Fair Value	68,124,000	87,094,000
Unrealized Loss
12 Months or More, Unrealized Loss	8,938,000	9,313,000
Total Unrealized Loss	8,938,000	9,313,000
Other information
Aggregate fair value	68,124,000	87,094,000
Mortgage-backed securities
Fair value
Less Than 12 Months, Fair Value	4,700,000	5,528,000
12 Months or More, Fair Value	140,346,000	150,023,000
Total Fair Value	145,046,000	155,551,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	80,000	68,000
12 Months or More, Unrealized Loss	16,066,000	16,155,000
Total Unrealized Loss	16,146,000	16,223,000
Other information
Aggregate fair value	145,046,000	155,551,000
Obligations of states and political subdivisions
Fair value
Less Than 12 Months, Fair Value	22,328,000	4,659,000
12 Months or More, Fair Value	64,748,000	65,630,000
Total Fair Value	87,076,000	70,289,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	215,000	72,000
12 Months or More, Unrealized Loss	4,570,000	3,972,000
Total Unrealized Loss	4,785,000	4,044,000
Other information
Aggregate fair value	87,076,000	70,289,000
Corporate and other debt securities
Fair value
Less Than 12 Months, Fair Value	2,703,000	3,386,000
12 Months or More, Fair Value	18,165,000	18,054,000
Total Fair Value	20,868,000	21,440,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	297,000	364,000
12 Months or More, Unrealized Loss	3,000,000	3,389,000
Total Unrealized Loss	3,297,000	3,753,000
Other information
Aggregate fair value	$ 20,868,000	$ 21,440,000

Securities - Restricted Stocks

Securities - Restricted Stocks and others (Details) - USD ($)	6 Months Ended
	Jun. 30, 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 ($)	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Exclude accrued interest receivable from the amortized cost basis of loans	$ 8,030,000	$ 7,650,000
Subtotal	1,865,176,000	1,742,139,000
Less allowance for credit losses	(40,343,000)	(39,651,000)	$ (40,528,000)	$ (40,518,000)
Loans, net	1,824,833,000	1,702,488,000
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	701,460,000	668,122,000
Commercial business
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	119,020,000	115,348,000
Construction - commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	120,208,000	69,768,000
Land acquisition and development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	31,355,000	29,064,000
Builder lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	21,727,000	24,668,000
Construction - consumer real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	16,481,000	11,223,000
Residential mortgage
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	308,790,000	293,256,000
Equity lines
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	56,835,000	51,592,000
Other consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	10,956,000	10,588,000
Amount included related to demand deposit overdrafts	214,000	228,000
Consumer finance
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	478,344,000	468,510,000
Less allowance for credit losses	(23,423,000)	(23,578,000)	$ (25,187,000)	$ (25,969,000)
Consumer finance \| Automobiles
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	406,833,000	401,276,000
Consumer finance \| Marine and recreational vehicles
Accounts, Notes, Loans and Financing Receivable [Line Items]
Subtotal	$ 71,511,000	$ 67,234,000

Loans - Loan Portfolio by Class

Loans - Loan Portfolio by Class (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	$ 1,865,176,000	$ 1,742,139,000
90+ Days Past Due and Accruing	165,000	128,000
Loans on nonaccrual status	1,900,000	1,298,000
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	16,485,000	17,498,000
Loans on nonaccrual status	105,000
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	2,518,000	3,233,000
Loans on nonaccrual status	21,000	22,000
90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	1,807,000	1,290,000
Loans on nonaccrual status	1,640,000	1,160,000
Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	20,810,000	22,021,000
Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	1,844,366,000	1,720,118,000
Loans on nonaccrual status	131,000	113,000
Commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	701,460,000	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 \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	191,000
Commercial real estate \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	191,000	92,000
Commercial real estate \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	701,269,000	668,030,000
Commercial business
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	119,020,000	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	77,000
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	77,000	1,000
Commercial business \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	118,943,000	115,347,000
Construction - commercial real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	120,208,000	69,768,000
Construction - commercial real estate \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	120,208,000	69,768,000
Land acquisition and development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	31,355,000	29,064,000
Land acquisition and development \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	31,355,000	29,064,000
Builder lines
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	21,727,000	24,668,000
Builder lines \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	21,727,000	24,668,000
Construction - consumer real estate
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	16,481,000	11,223,000
Loans on nonaccrual status	517,000
Construction - consumer real estate \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	517,000
Construction - consumer real estate \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	517,000
Construction - consumer real estate \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	15,964,000	11,223,000
Residential mortgage
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	308,790,000	293,256,000
90+ Days Past Due and Accruing	118,000	89,000
Loans on nonaccrual status	531,000	320,000
Residential mortgage \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	2,415,000	1,643,000
Residential mortgage \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	86,000	387,000
Residential mortgage \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	391,000	273,000
Residential mortgage \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	2,892,000	2,303,000
Residential mortgage \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	305,898,000	290,953,000
Equity lines
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	56,835,000	51,592,000
90+ Days Past Due and Accruing	47,000	38,000
Loans on nonaccrual status	50,000	77,000
Equity lines \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	192,000	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	97,000	115,000
Equity lines \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	289,000	433,000
Equity lines \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	56,546,000	51,159,000
Other consumer
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	10,956,000	10,588,000
Loans on nonaccrual status		9,000
Other consumer \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	19,000	3,000
Other consumer \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	27,000
Other consumer \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross		9,000
Other consumer \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	46,000	12,000
Other consumer \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	10,910,000	10,576,000
Consumer finance
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	478,344,000	468,510,000
Consumer finance \| Automobiles
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	406,833,000	401,276,000
Loans on nonaccrual status	780,000	892,000
Consumer finance \| Automobiles \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	13,565,000	15,263,000
Consumer finance \| Automobiles \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	2,095,000	2,628,000
Consumer finance \| Automobiles \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	780,000	892,000
Consumer finance \| Automobiles \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	16,440,000	18,783,000
Consumer finance \| Automobiles \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	390,393,000	382,493,000
Consumer finance \| Marine and recreational vehicles
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	71,511,000	67,234,000
Loans on nonaccrual status	22,000
Consumer finance \| Marine and recreational vehicles \| 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	217,000	282,000
Consumer finance \| Marine and recreational vehicles \| 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	119,000	115,000
Consumer finance \| Marine and recreational vehicles \| 90+ Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	22,000
Consumer finance \| Marine and recreational vehicles \| Total Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	358,000	397,000
Consumer finance \| Marine and recreational vehicles \| Current
Financing Receivable, Recorded Investment, Past Due [Line Items]
Loans, gross	$ 71,153,000	$ 66,837,000

Loans - Amortized cost basis of

Loans - Amortized cost basis of loans on nonaccrual status (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Interest income on loans on nonaccrual status		$ 8,000
Reversal of interest income upon placing commercial loans on nonaccrual status	$ 8,000	8,000
Loans on nonaccrual status	1,900,000	1,900,000	$ 1,298,000
Construction - consumer real estate
Loans on nonaccrual status	517,000	517,000
Residential mortgage
Loans on nonaccrual status	531,000	531,000	320,000
Equity lines
Loans on nonaccrual status	50,000	50,000	77,000
Other consumer
Loans on nonaccrual status			9,000
Consumer finance \| Automobiles
Loans on nonaccrual status	780,000	780,000	$ 892,000
Consumer finance \| Marine and recreational vehicles
Loans on nonaccrual status	$ 22,000	$ 22,000

Loans - Amortized cost basis _2

Loans - Amortized cost basis of loans (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Modifications [Line Items]
Amortized Cost	$ 358	$ 47
Term Extension
Financing Receivable, Modifications [Line Items]
Amortized Cost	340
Interest Rate Reduction
Financing Receivable, Modifications [Line Items]
Amortized Cost	18	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	$ 340
% of Total Class of Financing Receivable	0.10%
Residential mortgage \| Interest Rate Reduction
Financing Receivable, Modifications [Line Items]
Amortized Cost	$ 18

Loans - Loan Modifications (Det

Loans - Loan Modifications (Details) - USD ($)	3 Months Ended		6 Months Ended
Loans - Loan Modifications (Details) - USD ($)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average interest rate of modified financing receivables	1.51%	0.75%	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	0	0
Commercial real estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Weighted average interest rate of modified financing receivables		0.75%		0.75%
Weighted average extension term of modified financing receivables				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%		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		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Allowance for credit losses activity by loan portfolio
Beginning balance			$ 39,651	$ 40,518
Provision charged to operations	$ 2,400	$ 1,401	6,000	3,351
Loans charged off			(7,741)	(6,107)
Recoveries of loans previously charged off			2,433	2,275
Ending balance	40,343	40,528	40,343	40,528
Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		(113)		(113)
Impact of ASC 326 \| Accounting Standards Update 2016-13 \| PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		604		604
Commercial
Allowance for credit losses activity by loan portfolio
Beginning balance			12,315	11,219
Provision charged to operations			645	432
Loans charged off				(16)
Recoveries of loans previously charged off			18	125
Ending balance	12,978	11,738	12,978	11,738
Commercial \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		(617)		(617)
Commercial \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		595		595
Consumer
Allowance for credit losses activity by loan portfolio
Beginning balance			3,758	3,330
Provision charged to operations			255	219
Loans charged off			(169)	(157)
Recoveries of loans previously charged off			98	104
Ending balance	3,942	3,603	3,942	3,603
Consumer \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| Non-PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		98		98
Consumer \| Impact of ASC 326 \| Accounting Standards Update 2016-13 \| PCD loans
Allowance for credit losses activity by loan portfolio
Ending balance		9		9
Consumer finance
Allowance for credit losses activity by loan portfolio
Beginning balance			23,578	25,969
Provision charged to operations			5,100	2,700
Loans charged off			(7,572)	(5,934)
Recoveries of loans previously charged off			2,317	2,046
Ending balance	$ 23,423	25,187	$ 23,423	25,187
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		$ 406

Allowance for Credit Losses - P

Allowance for Credit Losses - Provision for Credit Losses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Allowance for Credit Losses
Provision for loans	$ 2,400	$ 1,401	$ 6,000	$ 3,351
Provision for unfunded commitments	150	299	50	399
Total	$ 2,550	$ 1,700	$ 6,050	$ 3,750

Allowance for Credit Losses -_2

Allowance for Credit Losses - Loan Rating and Year of Origination (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Term Loans Amortized Cost Basis by Origination Year
Loans, gross	$ 1,865,176	$ 1,865,176	$ 1,742,139
Revolving Loans Converted to Term During The Period	78,000	136,000
Commercial and consumer loan portfolio
Term Loans Amortized Cost Basis by Origination Year
2024	140,365	140,365	225,488
2023	222,882	222,882	287,252
2022	293,996	293,996	234,752
2021	222,244	222,244	187,479
2020	177,701	177,701	64,335
Prior	247,219	247,219	204,500
Revolving Loans Recorded Balance	81,737	81,737	68,946
Loans, gross	1,386,832	1,386,832	1,273,629
Revolving Loans Converted to Term	688	688	877
Commercial and consumer loan portfolio \| Pass
Term Loans Amortized Cost Basis by Origination Year
2024	140,209	140,209	225,426
2023	221,417	221,417	287,252
2022	293,848	293,848	229,021
2021	216,576	216,576	187,376
2020	177,598	177,598	64,259
Prior	245,661	245,661	203,065
Revolving Loans Recorded Balance	81,737	81,737	68,946
Loans, gross	1,377,533	1,377,533	1,266,069
Revolving Loans Converted to Term	487	487	724
Commercial and consumer loan portfolio \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2024	25	25	62
2023	927	927
2022	43	43	5,731
2021	5,668	5,668
Prior	981	981	1,003
Loans, gross	7,644	7,644	6,881
Revolving Loans Converted to Term			85
Commercial and consumer loan portfolio \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2021			103
2020	103	103	5
Prior	303	303	165
Loans, gross	557	557	273
Revolving Loans Converted to Term	151	151
Commercial and consumer loan portfolio \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
2024	131	131
2023	538	538
2022	105	105
2020			71
Prior	274	274	267
Loans, gross	1,098	1,098	406
Revolving Loans Converted to Term	50	50	68
Commercial real estate
Term Loans Amortized Cost Basis by Origination Year
2024	57,461	57,461	81,324
2023	78,507	78,507	125,278
2022	125,591	125,591	161,536
2021	155,044	155,044	121,365
2020	118,129	118,129	37,383
Prior	166,614	166,614	141,117
Loans, gross	701,460	701,460	668,122
Revolving Loans Converted to Term	114	114	119
Commercial real estate \| Pass
Term Loans Amortized Cost Basis by Origination Year
2024	57,461	57,461	81,324
2023	78,507	78,507	125,278
2022	125,591	125,591	155,805
2021	149,376	149,376	121,365
2020	118,129	118,129	37,383
Prior	165,667	165,667	140,158
Loans, gross	694,845	694,845	661,432
Revolving Loans Converted to Term	114	114	119
Commercial real estate \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2022			5,731
2021	5,668	5,668
Prior	947	947	959
Loans, gross	6,615	6,615	6,690
Commercial business
Term Loans Amortized Cost Basis by Origination Year
2024	5,179	5,179	18,744
2023	15,556	15,556	18,190
2022	18,034	18,034	17,219
2021	15,884	15,884	12,062
2020	11,624	11,624	14,847
Prior	26,395	26,395	15,339
Revolving Loans Recorded Balance	26,252	26,252	18,686
Loans, gross	119,020	119,020	115,348
Revolving Loans Converted to Term	96	96	261
Commercial business \| Pass
Term Loans Amortized Cost Basis by Origination Year
2024	5,154	5,154	18,682
2023	15,501	15,501	18,190
2022	18,034	18,034	17,219
2021	15,884	15,884	12,062
2020	11,624	11,624	14,847
Prior	26,395	26,395	15,339
Revolving Loans Recorded Balance	26,252	26,252	18,686
Loans, gross	118,940	118,940	115,286
Revolving Loans Converted to Term	96	96	261
Commercial business \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2024	25	25	62
2023	55	55
Loans, gross	80	80	62
Construction - commercial real estate
Term Loans Amortized Cost Basis by Origination Year
2024	20,161	20,161	29,346
2023	45,282	45,282	36,907
2022	54,765	54,765
2021			3,515
Loans, gross	120,208	120,208	69,768
Construction - commercial real estate \| Pass
Term Loans Amortized Cost Basis by Origination Year
2024	20,161	20,161	29,346
2023	45,282	45,282	36,907
2022	54,765	54,765
2021			3,515
Loans, gross	120,208	120,208	69,768
Land acquisition and development
Term Loans Amortized Cost Basis by Origination Year
2024	3,339	3,339	4,562
2023	5,708	5,708	4,665
2022	3,942	3,942	9,844
2021	8,368	8,368	9,993
2020	9,998	9,998
Loans, gross	31,355	31,355	29,064
Land acquisition and development \| Pass
Term Loans Amortized Cost Basis by Origination Year
2024	3,339	3,339	4,562
2023	5,708	5,708	4,665
2022	3,942	3,942	9,844
2021	8,368	8,368	9,993
2020	9,998	9,998
Loans, gross	31,355	31,355	29,064
Builder lines
Term Loans Amortized Cost Basis by Origination Year
2024	12,471	12,471	17,919
2023	6,818	6,818	5,124
2022	1,555	1,555	1,221
2021	479	479
2020			404
Prior	404	404
Loans, gross	21,727	21,727	24,668
Builder lines \| Pass
Term Loans Amortized Cost Basis by Origination Year
2024	12,471	12,471	17,919
2023	6,818	6,818	5,124
2022	1,555	1,555	1,221
2021	479	479
2020			404
Prior	404	404
Loans, gross	21,727	21,727	24,668
Construction - consumer real estate
Term Loans Amortized Cost Basis by Origination Year
2024	5,203	5,203	7,889
2023	10,361	10,361	3,240
2022	917	917
Revolving Loans Recorded Balance			94
Loans, gross	16,481	16,481	11,223
Construction - consumer real estate \| Pass
Term Loans Amortized Cost Basis by Origination Year
2024	5,203	5,203	7,889
2023	9,844	9,844	3,240
2022	917	917
Revolving Loans Recorded Balance			94
Loans, gross	15,964	15,964	11,223
Construction - consumer real estate \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
2023	517	517
Loans, gross	517	517
Residential mortgage
Term Loans Amortized Cost Basis by Origination Year
2024	32,660	32,660	59,441
2023	57,007	57,007	91,086
2022	87,133	87,133	44,292
2021	42,060	42,060	40,192
2020	37,691	37,691	11,586
Prior	52,239	52,239	46,659
Loans, gross	308,790	308,790	293,256
Residential mortgage \| Pass
Term Loans Amortized Cost Basis by Origination Year
2024	32,529	32,529	59,441
2023	56,114	56,114	91,086
2022	86,985	86,985	44,292
2021	42,060	42,060	40,089
2020	37,588	37,588	11,524
Prior	51,633	51,633	46,192
Loans, gross	306,909	306,909	292,624
Residential mortgage \| Special Mention
Term Loans Amortized Cost Basis by Origination Year
2023	872	872
2022	43	43
Prior	34	34	44
Loans, gross	949	949	44
Residential mortgage \| Substandard
Term Loans Amortized Cost Basis by Origination Year
2021			103
2020	103	103
Prior	298	298	165
Loans, gross	401	401	268
Residential mortgage \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
2024	131	131
2023	21	21
2022	105	105
2020			62
Prior	274	274	258
Loans, gross	531	531	320
Equity lines
Term Loans Amortized Cost Basis by Origination Year
2022			34
2021			70
2020	70	70	5
Prior	849	849	866
Revolving Loans Recorded Balance	55,438	55,438	50,120
Loans, gross	56,835	56,835	51,592
Revolving Loans Converted to Term	478	478	497
Equity lines \| Pass
Term Loans Amortized Cost Basis by Origination Year
2022			34
2021			70
2020	70	70
Prior	844	844	857
Revolving Loans Recorded Balance	55,438	55,438	50,120
Loans, gross	56,629	56,629	51,425
Revolving Loans Converted to Term	277	277	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
2020			5
Prior	5	5
Loans, gross	156	156	5
Revolving Loans Converted to Term	151	151
Equity lines \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
Prior			9
Loans, gross	50	50	77
Revolving Loans Converted to Term	50	50	68
Other consumer
Term Loans Amortized Cost Basis by Origination Year
2024	3,891	3,891	6,263
2023	3,643	3,643	2,762
2022	2,059	2,059	606
2021	409	409	282
2020	189	189	110
Prior	718	718	519
Revolving Loans Recorded Balance	47	47	46
Loans, gross	10,956	10,956	10,588
Other consumer \| Pass
Term Loans Amortized Cost Basis by Origination Year
2024	3,891	3,891	6,263
2023	3,643	3,643	2,762
2022	2,059	2,059	606
2021	409	409	282
2020	189	189	101
Prior	718	718	519
Revolving Loans Recorded Balance	47	47	46
Loans, gross	$ 10,956	$ 10,956	10,579
Other consumer \| Substandard Nonaccrual
Term Loans Amortized Cost Basis by Origination Year
2020			9
Loans, gross			$ 9

Allowance for Credit Losses - C

Allowance for Credit Losses - Credit Rating and Year of Origination (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Term Loans Amortized Cost Basis by Origination Year
Loans, gross	$ 1,865,176	$ 1,742,139
Consumer finance
Term Loans Amortized Cost Basis by Origination Year
2024	86,623	144,649
2023	127,892	179,264
2022	151,118	87,943
2021	71,375	32,238
2020	25,433	15,919
Prior	15,903	8,497
Loans, gross	478,344	468,510
Consumer finance \| Very good
Term Loans Amortized Cost Basis by Origination Year
2024	21,463	22,397
2023	19,331	27,395
2022	23,809	14,148
2021	12,131	10,964
2020	9,524	2,795
Prior	4,444	2,460
Loans, gross	90,702	80,159
Consumer finance \| Good
Term Loans Amortized Cost Basis by Origination Year
2024	25,755	42,622
2023	37,949	50,930
2022	43,501	17,132
2021	13,791	4,722
2020	3,597	1,500
Prior	1,559	778
Loans, gross	126,152	117,684
Consumer finance \| Fairly good
Term Loans Amortized Cost Basis by Origination Year
2024	23,662	44,492
2023	39,828	55,189
2022	46,130	26,682
2021	21,817	6,216
2020	4,618	3,984
Prior	3,127	1,507
Loans, gross	139,182	138,070
Consumer finance \| Fair
Term Loans Amortized Cost Basis by Origination Year
2024	12,883	28,779
2023	25,377	36,794
2022	30,434	22,266
2021	17,304	7,014
2020	5,259	4,808
Prior	4,062	1,908
Loans, gross	95,319	101,569
Consumer finance \| Marginal
Term Loans Amortized Cost Basis by Origination Year
2024	2,860	6,359
2023	5,407	8,956
2022	7,244	7,715
2021	6,332	3,322
2020	2,435	2,832
Prior	2,711	1,844
Loans, gross	26,989	31,028
Consumer finance \| Automobiles
Term Loans Amortized Cost Basis by Origination Year
2024	76,131	129,484
2023	113,960	155,913
2022	129,638	76,447
2021	60,974	20,872
2020	15,336	12,991
Prior	10,794	5,569
Loans, gross	406,833	401,276
Consumer finance \| Automobiles \| Very good
Term Loans Amortized Cost Basis by Origination Year
2024	14,402	14,916
2023	12,501	12,395
2022	10,050	4,291
2021	3,209	1,012
2020	706	277
Prior	179	22
Loans, gross	41,047	32,913
Consumer finance \| Automobiles \| Good
Term Loans Amortized Cost Basis by Origination Year
2024	22,324	35,203
2023	31,064	42,800
2022	35,997	15,530
2021	12,348	3,338
2020	2,347	1,090
Prior	750	325
Loans, gross	104,830	98,286
Consumer finance \| Automobiles \| Fairly good
Term Loans Amortized Cost Basis by Origination Year
2024	23,662	44,227
2023	39,611	54,968
2022	45,913	26,645
2021	21,781	6,186
2020	4,589	3,984
Prior	3,092	1,470
Loans, gross	138,648	137,480
Consumer finance \| Automobiles \| Fair
Term Loans Amortized Cost Basis by Origination Year
2024	12,883	28,779
2023	25,377	36,794
2022	30,434	22,266
2021	17,304	7,014
2020	5,259	4,808
Prior	4,062	1,908
Loans, gross	95,319	101,569
Consumer finance \| Automobiles \| Marginal
Term Loans Amortized Cost Basis by Origination Year
2024	2,860	6,359
2023	5,407	8,956
2022	7,244	7,715
2021	6,332	3,322
2020	2,435	2,832
Prior	2,711	1,844
Loans, gross	26,989	31,028
Consumer finance \| Marine and recreational vehicles
Term Loans Amortized Cost Basis by Origination Year
2024	10,492	15,165
2023	13,932	23,351
2022	21,480	11,496
2021	10,401	11,366
2020	10,097	2,928
Prior	5,109	2,928
Loans, gross	71,511	67,234
Consumer finance \| Marine and recreational vehicles \| Very good
Term Loans Amortized Cost Basis by Origination Year
2024	7,061	7,481
2023	6,830	15,000
2022	13,759	9,857
2021	8,922	9,952
2020	8,818	2,518
Prior	4,265	2,438
Loans, gross	49,655	47,246
Consumer finance \| Marine and recreational vehicles \| Good
Term Loans Amortized Cost Basis by Origination Year
2024	3,431	7,419
2023	6,885	8,130
2022	7,504	1,602
2021	1,443	1,384
2020	1,250	410
Prior	809	453
Loans, gross	21,322	19,398
Consumer finance \| Marine and recreational vehicles \| Fairly good
Term Loans Amortized Cost Basis by Origination Year
2024		265
2023	217	221
2022	217	37
2021	36	30
2020	29
Prior	35	37
Loans, gross	$ 534	$ 590

Allowance for Credit Losses - G

Allowance for Credit Losses - Gross Charge-offs of loans by Year of Origination (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Current Period Gross Charge-offs by Origination Year
2024	$ 228,000	$ 223,000
2023	1,421,000	2,868,000
2022	3,491,000	1,739,000
2021	1,854,000	479,000
2020	339,000	316,000
Prior	408,000	482,000
Total	7,741,000	6,107,000
Collateral dependent loans	0		$ 0
Demand deposit overdrafts
Current Period Gross Charge-offs by Origination Year
2024	137,000	139,000,000
Commercial real estate
Current Period Gross Charge-offs by Origination Year
2023		16,000
Total		16,000
Residential mortgage
Current Period Gross Charge-offs by Origination Year
2024	3,000
Total	3,000
Equity lines
Current Period Gross Charge-offs by Origination Year
Prior		8,000
Total		8,000
Other consumer
Current Period Gross Charge-offs by Origination Year
2024	147,000	140,000
2023	11,000	7,000
2022	5,000
2020		2,000
Prior	3,000
Total	166,000	149,000
Consumer finance
Current Period Gross Charge-offs by Origination Year
Total	7,572,000	5,934,000
Consumer finance \| Automobiles
Current Period Gross Charge-offs by Origination Year
2024	78,000	83,000
2023	1,370,000	2,789,000
2022	3,383,000	1,739,000
2021	1,846,000	430,000
2020	312,000	312,000
Prior	405,000	460,000
Total	7,394,000	5,813,000
Consumer finance \| Marine and recreational vehicles
Current Period Gross Charge-offs by Origination Year
2023	40,000	56,000
2022	103,000
2021	8,000	49,000
2020	27,000	2,000
Prior		14,000
Total	$ 178,000	$ 121,000

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Goodwill (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Goodwill and Other Intangible Assets
Goodwill	$ 25,191,000		$ 25,191,000		$ 25,191,000
Changes in the recorded balance of goodwill	0	$ 0	0	$ 0
Amortization of intangible assets	$ 65,000	$ 68,000	$ 130,000	$ 136,000

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Other Intangible Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	$ 3,116	$ 3,116
Accumulated Amortization	(1,839)	(1,709)
Other intangible assets, net	1,277	1,407
Core deposit intangibles
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,711	1,711
Accumulated Amortization	(644)	(588)
Other amortizable intangibles
Gross carrying amounts and accumulated amortization
Gross Carrying Amount	1,405	1,405
Accumulated Amortization	$ (1,195)	$ (1,121)

Equity, Other Comprehensive I_3

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Equity and Noncontrolling Interest (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Jun. 30, 2023	Jan. 01, 2024
Shareholders' Equity
Number of shares withheld from employees to satisfy tax withholding obligations		9,192	6,352
Share Repurchase Program 2022
Shareholders' Equity
Cost of shares repurchased	$ 2,480	$ 4,540
Share Repurchase Program 2024
Shareholders' Equity
Stock repurchase program, authorized amount				$ 10,000
Cost of shares repurchased	3,510	4,030
Remaining shares amount available for repurchases	$ 5,970	$ 5,970

Equity, Other Comprehensive I_4

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Changes in Accumulated Other Comprehensive Income (Loss), Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated other comprehensive (loss) income			$ (26,687)
Other comprehensive income (loss), net of tax	$ 1,570	$ (3,483)	(412)	$ 1,552
Balance, end of period	(27,099)		(27,099)
Accumulated Other Comprehensive Loss, Net
Accumulated other comprehensive (loss) income	(28,669)	(31,923)	(26,687)	(36,958)
Other comprehensive income (loss) arising during the period	1,973	(4,419)	(536)	1,908
Related income tax effects	(410)	914	112	(398)
Other comprehensive income (loss) arising during the period, net of tax	1,563	(3,505)	(424)	1,510
Reclassifications into net income	9	29	15	53
Related income tax effects	(2)	(7)	(3)	(11)
Reclassifications into net income, net of tax	7	22	12	42
Other comprehensive income (loss), net of tax	1,570	(3,483)	(412)	1,552
Balance, end of period	(27,099)	(35,406)	(27,099)	(35,406)
Securities Available For Sale:
Accumulated other comprehensive (loss) income	(27,068)	(29,903)	(25,002)	(35,184)
Other comprehensive income (loss) arising during the period	2,062	(4,724)	(553)	1,956
Related income tax effects	(433)	992	116	(411)
Other comprehensive income (loss) arising during the period, net of tax	1,629	(3,732)	(437)	1,545
Reclassifications into net income				5
Related income tax effects				(1)
Reclassifications into net income, net of tax				4
Other comprehensive income (loss), net of tax	1,629	(3,732)	(437)	1,549
Balance, end of period	(25,439)	(33,635)	(25,439)	(33,635)
Defined Benefit Plan:
Accumulated other comprehensive (loss) income	(2,745)	(3,219)	(2,752)	(3,236)
Reclassifications into net income	11	31	20	52
Related income tax effects	(2)	(7)	(4)	(11)
Reclassifications into net income, net of tax	9	24	16	41
Other comprehensive income (loss), net of tax	9	24	16	41
Balance, end of period	(2,736)	(3,195)	(2,736)	(3,195)
Cash Flow Hedges:
Accumulated other comprehensive (loss) income	1,144	1,199	1,067	1,462
Other comprehensive income (loss) arising during the period	(89)	305	17	(48)
Related income tax effects	23	(78)	(4)	13
Other comprehensive income (loss) arising during the period, net of tax	(66)	227	13	(35)
Reclassifications into net income	(2)	(2)	(5)	(4)
Related income tax effects			1	1
Reclassifications into net income, net of tax	(2)	(2)	(4)	(3)
Other comprehensive income (loss), net of tax	(68)	225	9	(38)
Balance, end of period	$ 1,076	$ 1,424	$ 1,076	$ 1,424

Equity, Other Comprehensive I_5

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Reclassification of Accumulated Other Comprehensive Loss, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Net losses on sales, maturities and calls of available for sale securities				$ (5)
Noninterest expenses - Other	$ 2,036	$ 2,145	$ 4,300	4,465
Interest expense - Trust preferred capital notes	294	296	592	589
Income tax expense	1,195	1,533	1,760	2,986
Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	(7)	(22)	(12)	(42)
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	(9)	(24)	(16)	(41)
Reclassification of recognized net actuarial losses into net income \| Reclassifications from accumulated other comprehensive loss into net income
Noninterest expenses - Other	(27)	(48)	(54)	(86)
Amortization of prior service credit into net income \| Reclassifications from accumulated other comprehensive loss into net income
Noninterest expenses - Other	16	17	34	34
Related income tax effects. \| Reclassifications from accumulated other comprehensive loss into net income
Income tax expense	2	7	4	11
Cash Flow Hedges: \| Reclassifications from accumulated other comprehensive loss into net income
Total reclassifications into net income	2	2	4	3
Amortization of hedging gains into net income \| Reclassifications from accumulated other comprehensive loss into net income
Interest expense - Trust preferred capital notes	$ 2	$ 2	5	4
Related income tax effects, \| Reclassifications from accumulated other comprehensive loss into net income
Income tax expense			$ (1)	$ (1)

Equity, Other Comprehensive I_6

Equity, Other Comprehensive Income (Loss) and Earnings Per Share - Earnings Per Share (EPS) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Components of earnings per share calculations
Net Income (Loss)	$ 5,007	$ 6,306	$ 8,408	$ 12,747
Weighted average shares outstanding-basic	3,343,192	3,424,820	3,357,063	3,444,746
Weighted average shares outstanding-diluted	3,343,192	3,424,820	3,357,063	3,444,746

Share-Based Plans - Restricted

Share-Based Plans - Restricted Stock Activity (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Shares
Unvested, beginning of period (in shares)			135,694
Unvested, end of period (in shares)	120,388		120,388
Restricted Stock
Shares
Unvested, beginning of period (in shares)			135,694	145,677
Granted (in shares)			17,775	18,255
Vested (in shares)			(31,681)	(25,763)
Forfeited (in shares)			(1,400)	(3,440)
Unvested, end of period (in shares)	120,388	134,729	120,388	134,729
Weighted-Average Grant Date Fair Value
Unvested, beginning of period (in dollars per share)			$ 52.13	$ 48.88
Granted (in dollars per share)			46.75	57.39
Vested (in dollars per share)			49.08	51.88
Forfeited (in dollars per share)			53.60	49.13
Unvested, end of period (in dollars per share)	$ 52.12	$ 49.45	$ 52.12	$ 49.45
Additional information
Compensation expense	$ 463,000	$ 453,000	$ 973,000	$ 927,000
Compensation expense after tax	354,000	$ 316,000	667,000	$ 612,000
Unrecognized compensation expense	$ 3,460,000		$ 3,460,000
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		6 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other components of net periodic benefit cost:
Net periodic benefit cost			$ 451	$ 462
Cash Balance Plan \| C&F Bank
Components of net periodic benefit cost
Service cost, included in salaries and employee benefits	$ 368	$ 330	737	688
Other components of net periodic benefit cost:
Interest cost	$ 190	$ 182	$ 379	$ 364
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Expected return on plan assets	$ (344)	$ (317)	$ (685)	$ (642)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Amortization of prior service credit	$ (16)	$ (17)	$ (34)	$ (34)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Amortization of Prior Service Cost (Credit), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Recognized net actuarial losses	$ 27	$ 48	$ 54	$ 86
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Other components of net periodic benefit cost, included in other noninterest expense	$ (143)	$ (104)	$ (286)	$ (226)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) Excluding Service Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense	Other Noninterest Expense
Net periodic benefit cost	$ 225	$ 226	$ 451	$ 462

Fair Value of Assets and Liab_3

Fair Value of Assets and Liabilities - Investments in Other investment company funds (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Fair Value of Assets and Liabilities
Fair value of investment in Other investments companies	$ 1,850,000		$ 1,850,000		$ 1,930,000
Unrealized gains or losses	78,000	$ 31,000	98,000	$ 145,000
Other income			3,730,000
Other income net of tax					$ 3,750,000
Unrealized gains from change in fair value of investments	$ 92,000	$ 83,000	$ 240,000	$ (140,000)

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	Jun. 30, 2024	Dec. 31, 2023
Securities available for sale
Securities available for sale	$ 404,758	$ 462,444
Interest rate swaps on loans \| Cash flow hedges
Securities available for sale
Derivatives	1,423	1,415
Recurring
Securities available for sale
Securities available for sale	404,758	462,444
Loans held for sale	33,716	14,176
Other investments	3,731	3,751
Total assets	450,401	488,231
Liabilities:
Total liabilities	6,043	6,110
Recurring \| Cash flow hedges
Securities available for sale
Derivatives	1,423	1,415
Recurring \| IRLC
Securities available for sale
Derivatives	730	335
Recurring \| Interest rate swaps on loans
Securities available for sale
Derivatives	6,043	6,110
Liabilities:
Derivatives	6,043	6,110
Level 2 \| Recurring
Securities available for sale
Securities available for sale	404,758	462,444
Loans held for sale	33,716	14,176
Other investments	3,731	3,751
Total assets	450,401	488,231
Liabilities:
Total liabilities	6,043	6,110
Level 2 \| Recurring \| Cash flow hedges
Securities available for sale
Derivatives	1,423	1,415
Level 2 \| Recurring \| IRLC
Securities available for sale
Derivatives	730	335
Level 2 \| Recurring \| Interest rate swaps on loans
Securities available for sale
Derivatives	6,043	6,110
Liabilities:
Derivatives	6,043	6,110
U.S. Treasury securities
Securities available for sale
Securities available for sale	10,469	45,103
U.S. Treasury securities \| Recurring
Securities available for sale
Securities available for sale	10,469	45,103
U.S. Treasury securities \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	10,469	45,103
U.S. government agencies and corporations
Securities available for sale
Securities available for sale	68,124	87,094
U.S. government agencies and corporations \| Recurring
Securities available for sale
Securities available for sale	68,124	87,094
U.S. government agencies and corporations \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	68,124	87,094
Mortgage-backed securities
Securities available for sale
Securities available for sale	161,457	161,696
Mortgage-backed securities \| Recurring
Securities available for sale
Securities available for sale	161,457	161,696
Mortgage-backed securities \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	161,457	161,696
Obligations of states and political subdivisions
Securities available for sale
Securities available for sale	143,840	147,111
Obligations of states and political subdivisions \| Recurring
Securities available for sale
Securities available for sale	143,840	147,111
Obligations of states and political subdivisions \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	143,840	147,111
Corporate and other debt securities
Securities available for sale
Securities available for sale	20,868	21,440
Corporate and other debt securities \| Recurring
Securities available for sale
Securities available for sale	20,868	21,440
Corporate and other debt securities \| Level 2 \| Recurring
Securities available for sale
Securities available for sale	$ 20,868	$ 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	Jun. 30, 2024	Dec. 31, 2023
Assets:
Securities available for sale	$ 404,758	$ 462,444
Bank-owned life insurance	21,705	21,464
Carrying Value
Assets:
Cash and short-term investments	46,174	77,403
Securities available for sale	404,758	462,444
Loans, net	1,824,833	1,702,488
Loans held for sale	33,716	14,176
Other investments	3,731	3,751
Bank-owned life insurance	21,705	21,464
Accrued interest receivable	10,516	10,398
Financial liabilities:
Demand and savings deposits	1,322,398	1,392,931
Time deposits	783,664	673,199
Borrowings	110,470	103,618
Accrued interest payable	4,670	3,493
Total Fair Value
Assets:
Cash and short-term investments	46,174	77,403
Securities available for sale	404,758	462,444
Loans, net	1,764,692	1,643,462
Loans held for sale	33,716	14,176
Other investments	3,731	3,751
Bank-owned life insurance	21,705	21,464
Accrued interest receivable	10,516	10,398
Financial liabilities:
Demand and savings deposits	1,322,398	1,392,931
Time deposits	780,017	668,965
Borrowings	96,839	90,120
Accrued interest payable	4,670	3,493
Total Fair Value \| Level 1
Assets:
Cash and short-term investments	44,666	75,159
Accrued interest receivable	10,516	10,398
Financial liabilities:
Demand and savings deposits	1,322,398	1,392,931
Accrued interest payable	4,670	3,493
Total Fair Value \| Level 2
Assets:
Cash and short-term investments	1,508	2,244
Securities available for sale	404,758	462,444
Loans held for sale	33,716	14,176
Other investments	3,731	3,751
Bank-owned life insurance	21,705	21,464
Financial liabilities:
Time deposits	780,017	668,965
Borrowings	96,839	90,120
Total Fair Value \| Level 3
Assets:
Loans, net	1,764,692	1,643,462
IRLC \| Carrying Value
Assets:
Derivatives	730	335
IRLC \| Total Fair Value
Assets:
Derivatives	730	335
IRLC \| Total Fair Value \| Level 2
Assets:
Derivatives	730	335
Interest rate swaps on loans \| Carrying Value
Assets:
Derivatives	6,043	6,110
Financial liabilities:
Derivatives	6,043	6,110
Interest rate swaps on loans \| Total Fair Value
Assets:
Derivatives	6,043	6,110
Financial liabilities:
Derivatives	6,043	6,110
Interest rate swaps on loans \| Total Fair Value \| Level 2
Assets:
Derivatives	6,043	6,110
Financial liabilities:
Derivatives	6,043	6,110
Cash flow hedges \| Carrying Value
Assets:
Derivatives	1,423	1,415
Cash flow hedges \| Total Fair Value
Assets:
Derivatives	1,423	1,415
Cash flow hedges \| Total Fair Value \| Level 2
Assets:
Derivatives	1,423	1,415
Cash flow hedges \| Interest rate swaps on loans
Assets:
Derivatives	$ 1,423	$ 1,415

Business Segments - Segment Rep

Business Segments - Segment Reporting (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Business Segments
Number of principal business segments \| segment			3
Interest income	$ 34,312	$ 30,738	$ 67,020	$ 60,043
Interest expense	10,484	6,393	20,034	10,740
Net interest income	23,828	24,345	46,986	49,303
Gains on sales of loans	1,701	1,916	2,989	3,710
Other noninterest income	5,623	6,045	11,827	11,888
Net revenue	31,152	32,306	61,802	64,901
Provision for loan losses	2,550	1,700	6,050	3,750
Noninterest expense	22,373	22,689	45,523	45,284
Income before income taxes	6,229	7,917	10,229	15,867
Income tax expense (benefit)	1,195	1,533	1,760	2,986
Net income (loss)	5,034	6,384	8,469	12,881
Capital expenditures	539	95	1,024	610
Depreciation and amortization	959	975	1,896	1,963
Total assets	2,492,100		2,492,100		$ 2,438,498
Operating Segments \| Community Banking
Business Segments
Interest income	27,435	24,334	53,604	47,465
Interest expense	9,941	5,850	18,946	9,593
Net interest income	17,494	18,484	34,658	37,872
Other noninterest income	4,165	4,042	8,275	7,952
Net revenue	21,659	22,526	42,933	45,824
Provision for loan losses	450	600	950	1,050
Noninterest expense	15,650	14,999	31,566	29,934
Income before income taxes	5,559	6,927	10,417	14,840
Income tax expense (benefit)	988	1,288	1,834	2,783
Net income (loss)	4,571	5,639	8,583	12,057
Capital expenditures	523	95	816	610
Depreciation and amortization	855	856	1,693	1,720
Total assets	2,371,916		2,371,916		2,319,810
Operating Segments \| Mortgage Banking
Business Segments
Interest income	533	499	814	795
Interest expense	244	219	288	281
Net interest income	289	280	526	514
Gains on sales of loans	1,863	1,928	3,344	3,785
Other noninterest income	1,192	1,268	2,240	2,269
Net revenue	3,344	3,476	6,110	6,568
Noninterest expense	2,840	3,030	5,213	5,828
Income before income taxes	504	446	897	740
Income tax expense (benefit)	128	100	227	167
Net income (loss)	376	346	670	573
Capital expenditures	16		97
Depreciation and amortization	20	19	34	43
Total assets	45,146		45,146		22,177
Operating Segments \| Consumer Finance.
Business Segments
Interest income	12,383	11,785	24,408	23,293
Interest expense	5,894	5,705	11,697	11,312
Net interest income	6,489	6,080	12,711	11,981
Other noninterest income	226	203	481	436
Net revenue	6,715	6,283	13,192	12,417
Provision for loan losses	2,100	1,100	5,100	2,700
Noninterest expense	3,385	3,712	6,945	7,540
Income before income taxes	1,230	1,471	1,147	2,177
Income tax expense (benefit)	336	401	316	598
Net income (loss)	894	1,070	831	1,579
Capital expenditures			111
Depreciation and amortization	84	100	169	200
Total assets	485,624		485,624		476,671
Operating Segments \| Other
Business Segments
Interest expense	542	545	1,087	1,148
Net interest income	(542)	(545)	(1,087)	(1,148)
Other noninterest income	119	579	959	1,336
Net revenue	(423)	34	(128)	188
Noninterest expense	513	961	1,830	2,011
Income before income taxes	(936)	(927)	(1,958)	(1,823)
Income tax expense (benefit)	(232)	(257)	(560)	(544)
Net income (loss)	(704)	(670)	(1,398)	(1,279)
Total assets	32,386		32,386		35,581
Eliminations
Business Segments
Interest income	(6,039)	(5,880)	(11,806)	(11,510)
Interest expense	(6,137)	(5,926)	(11,984)	(11,594)
Net interest income	98	46	178	84
Gains on sales of loans	(162)	(12)	(355)	(75)
Other noninterest income	(79)	(47)	(128)	(105)
Net revenue	(143)	(13)	(305)	(96)
Noninterest expense	(15)	(13)	(31)	(29)
Income before income taxes	(128)		(274)	(67)
Income tax expense (benefit)	(25)	1	(57)	(18)
Net income (loss)	(103)	$ (1)	(217)	$ (49)
Total assets	$ (442,972)		$ (442,972)		$ (415,741)

Business Segments - Other (Deta

Business Segments - Other (Details)	6 Months Ended
Business Segments - Other (Details)	Jun. 30, 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)	3.70%
Consumer Finance. \| Maximum
Business Segments
Fixed rate (as a percent)	5.10%
Consumer Finance. \| One-month Term Secured Overnight Financing Rate (SOFR) [Member] \| 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	Jun. 30, 2024	Dec. 31, 2023
Standby Letters of Credit
Commitments and Contingent Liabilities
Face amount of asset	$ 14,050	$ 7,910
Loan commitments
Commitments and Contingent Liabilities
Face amount of asset	$ 447,690	$ 413,530

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Other (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Commitments and Contingent Liabilities
Provision for indemnifications	$ (135,000)	$ (235,000)	$ (275,000)	$ (235,000)
Indemnification reserve for recourse provisions
Commitments and Contingent Liabilities
Provision for indemnifications	135,000	235,000	275,000	235,000
Allowance for indemnifications	1,530,000		1,530,000		$ 1,810,000
Indemnification payments paid	$ 0	$ 0	$ 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	6 Months Ended	12 Months Ended
	Jun. 30, 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	1,423	1,415
Matched interest rate swap with borrower \| Not designated as hedges
Derivatives and other information
Notional amount	108,849	109,638
Derivative Asset	602	1,611
Derivative Liability	5,441	4,499
Matched interest rate swap with counterparty \| Not designated as hedges
Derivatives and other information
Notional amount	108,849	109,638
Derivative Asset	5,441	4,499
Derivative Liability	602	1,611
IRLC \| Not designated as hedges
Derivatives and other information
Notional amount	60,261	26,152
Derivative Asset	730	335
Mortgage Banking \| Best-efforts forward sales contracts
Derivatives and other information
IRLCs	60,260	26,150
Impaired loans, Unpaid Principal Balance	37,810	14,440
Mortgage loans	$ 98,070	$ 40,590

Other Noninterest Expenses (Det

Other Noninterest Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Other Noninterest Expenses.
Telecommunication expenses	$ 379	$ 351	$ 770	$ 626
Travel and educational expenses	237	305	526	653
Licenses and taxes expense	250	218	486	420
Provision for indemnifications	(135)	(235)	(275)	(235)
Other real estate loss/(gain) and expense, net				(5)
Other components of net periodic pension cost	(143)	(104)	(286)	(226)
All other noninterest expenses	1,448	1,610	3,079	3,232
Total other noninterest expenses	$ 2,036	$ 2,145	$ 4,300	$ 4,465