C&F Financial (CFFI) 10-Q 7 Nov 16 2016 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 03, 2016
Document and Entity Information
Entity Registrant Name	C & F FINANCIAL CORP
Document Type	10-Q
Amendment Flag	false
Entity Central Index Key	913,341
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Entity Common Stock, Shares Outstanding		3,459,636
Current Fiscal Year End Date	--12-31

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and due from banks	$ 9,812	$ 9,679
Interest-bearing deposits in other banks	79,183	143,264
Total cash and cash equivalents	88,995	152,943
Securities—available for sale at fair value, amortized cost of $198,678 and $214,105, respectively	205,232	219,476
Loans held for sale, at fair value	66,689	44,000
Loans, net of allowance for loan losses of $37,070 and $35,569, respectively	935,598	865,892
Restricted stocks, at cost	3,403	3,345
Corporate premises and equipment, net	36,451	36,533
Other real estate owned, net of valuation allowance of $113 and $56, respectively	499	942
Accrued interest receivable	6,551	6,829
Goodwill	14,425	14,425
Core deposit intangible, net	1,041	1,618
Bank-owned life insurance	14,909	14,988
Other assets	51,217	44,085
Total assets	1,425,010	1,405,076
Deposits
Noninterest-bearing demand deposits	222,217	197,909
Savings and interest-bearing demand deposits	521,017	535,992
Time deposits	345,894	339,732
Total deposits	1,089,128	1,073,633
Short-term borrowings	12,009	12,093
Long-term borrowings	130,029	140,029
Trust preferred capital notes	25,166	25,139
Accrued interest payable	672	698
Other liabilities	28,312	22,425
Total liabilities	1,285,316	1,274,017
Commitments and contingent liabilities
Shareholders’ equity
Common stock ($1.00 par value, 8,000,000 shares authorized, 3,458,704 and 3,437,787 shares issued and outstanding, respectively, includes 141,415 and 137,200 of unvested shares, respectively)	3,317	3,301
Additional paid-in capital	11,513	10,420
Retained earnings	123,162	116,167
Accumulated other comprehensive income, net	1,702	1,171
Total shareholders’ equity	139,694	131,059
Total liabilities and shareholders’ equity	$ 1,425,010	$ 1,405,076

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Parenthetical information
Available-for-sale securities, amortized cost	$ 198,678	$ 214,105
Loans, net of allowance for loan losses	37,070	35,569
Other real estate owned, net of valuation allowance	$ 113	$ 56
Common stock par value (in dollars per share)	$ 1	$ 1
Common stock, shares authorized	8,000,000	8,000,000
Common stock, shares issued	3,458,704	3,437,787
Common stock, shares outstanding	3,458,704	3,437,787
Common
Parenthetical information
Common stock, nonvested shares	141,415	137,200

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Interest income
Interest and fees on loans	$ 21,145	$ 21,067	$ 61,987	$ 59,688
Interest on money market investments and federal funds sold	89	84	409	270
Interest and dividends on securities
U.S. government agencies and corporations	71	117	257	363
Mortgage-backed securities	292	312	938	911
Tax-exempt obligations of states and political subdivisions	916	1,030	2,851	3,156
Taxable obligations of states and political subdivisions	50	46	141	138
Corporate bonds and other	115	122	363	405
Total interest income	22,678	22,778	66,946	64,931
Interest expense
Savings and interest-bearing deposits	254	270	813	819
Time deposits	832	816	2,443	2,287
Borrowings	859	879	2,598	2,482
Trust preferred capital notes	287	294	858	878
Total interest expense	2,232	2,259	6,712	6,466
Net interest income	20,446	20,519	60,234	58,465
Provision for loan losses	4,925	4,142	13,125	9,812
Net interest income after provision for loan losses	15,521	16,377	47,109	48,653
Noninterest income
Gains on sales of loans	2,299	1,156	6,581	4,803
Service charges on deposit accounts	1,102	1,119	3,106	3,210
Other service charges and fees	2,179	1,883	6,226	5,083
Investment services income	287	372	878	1,077
Net gains on calls and sales of available for sale securities	3	22	48	25
Other	857	253	2,774	1,223
Total noninterest income	6,727	4,805	19,613	15,421
Noninterest expenses
Salaries and employee benefits	10,799	9,107	31,492	29,209
Occupancy	2,432	2,226	7,131	6,606
Other	4,702	4,928	14,047	13,850
Total noninterest expenses	17,933	16,261	52,670	49,665
Income before income taxes	4,315	4,921	14,052	14,409
Income tax expense	1,171	1,444	3,741	4,186
Net income (loss)	$ 3,144	$ 3,477	$ 10,311	$ 10,223
Net income per share - basic (in dollars per share)	$ 0.91	$ 1.02	$ 2.99	$ 3.01
Net income – assuming dilution (in Dollars per share)	$ 0.91	$ 1.02	$ 2.99	$ 3.01
Weighted average number of shares - basic (in shares)	3,456,901	3,392,480	3,452,426	3,400,296
Weighted average number of shares - assuming dilution (in shares)	3,458,799	3,392,480	3,453,891	3,400,437

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income		$ 3,144	$ 3,477	$ 10,311	$ 10,223
Changes in defined benefit plan assets and benefit obligations
Changes in net gain (loss) arising during the period	[1]	38	(29)	114	(87)
Tax effect		(14)	11	(40)	33
Amortization of prior service costs	[1]	(15)	14	(45)	42
Tax effect		6	(5)	16	(15)
Net of tax amount		15	(9)	45	(27)
Unrealized gains (losses) on cash flow hedging instruments
Unrealized holding gains (losses) arising during the period		244	(449)	(428)	(431)
Tax effect		(96)	158	145	151
Net of tax amount		148	(291)	(283)	(280)
Unrealized holding gains (losses) on securities
Unrealized holding (losses) gains arising during the period		(1,208)	1,446	1,231	(825)
Tax effect		423	(506)	(431)	289
Reclassification adjustment for gains included in net income	[2]	(3)	(22)	(48)	(25)
Tax effect		1	8	17	9
Net of tax amount		(787)	926	769	(552)
Other comprehensive (loss) income		(624)	626	531	(859)
Comprehensive income		$ 2,520	$ 4,103	$ 10,842	$ 9,364
[1]	These items are included in the computation of net periodic benefit cost. See Note 6, Employee Benefit Plans, for additional information.
[2]	Gains are included in “Net gains on calls and sales of available for sale securities" on the consolidated statements of income.

Consolidated Statements' of Sha

Consolidated Statements' of Shareholders Equity - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income	Total
Balance, beginning of the period at Dec. 31, 2014	$ 3,283	$ 9,456	$ 107,785	$ 3,086	$ 123,610
Comprehensive income:
Net income			10,223		10,223
Other comprehensive income				(859)	(859)
Share-based compensation		779			779
Restricted stock vested	13	(13)
Common stock issued	3	98			101
Common stock purchased	(42)	(1,437)			(1,479)
Cash dividends declared – common stock			(3,054)		(3,054)
Balance, end of period at Sep. 30, 2015	3,257	8,883	114,954	2,227	129,321
Balance, beginning of the period at Dec. 31, 2015	3,301	10,420	116,167	1,171	131,059
Comprehensive income:
Net income			10,311		10,311
Other comprehensive income				531	531
Share-based compensation		914			914
Restricted stock vested	11	(11)
Common stock issued	9	341			350
Common stock purchased	(4)	(151)			(155)
Cash dividends declared – common stock			(3,316)		(3,316)
Balance, end of period at Sep. 30, 2016	$ 3,317	$ 11,513	$ 123,162	$ 1,702	$ 139,694

Consolidated Statements' of Sh7

Consolidated Statements' of Shareholders Equity (Parentheticals) - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY
Cash dividends paid per share	$ 0.96	$ 0.90

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Operating activities:
Net income	$ 10,311	$ 10,223
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	1,933	1,901
Provision for loan losses	13,125	9,812
Provision for indemnification	243	212
Provision for other real estate owned losses	106	90
Share-based compensation	914	779
Net accretion of certain acquisition-related fair value adjustments	(1,202)	(1,562)
Accretion of discounts and amortization of premiums on securities, net	1,237	1,162
Realized gains on sales and calls of securities	(48)	(25)
Net realized gains on sales of other real estate owned	(110)	(242)
Net realized gains on sale of corporate premises and equipment	(183)	(37)
Increase in bank-owned life insurance cash surrender value	(754)	(263)
Origination of loans held for sale	(485,361)	(423,999)
Proceeds from sales of loans held for sale	469,253	413,199
Gains on sales of loans held for sale	(6,581)	(4,803)
Change in other assets and liabilities:
Accrued interest receivable	278	(233)
Other assets	(6,142)	(76)
Accrued interest payable	(26)	(53)
Other liabilities	5,217	1,417
Net cash provided by operating activities	2,210	7,502
Investing activities:
Proceeds from maturities, calls and sales of securities available for sale	48,296	24,402
Purchases of securities available for sale	(33,888)	(24,960)
Net (redemptions) issuance of restricted stocks	(58)	97
Purchase of loan portfolio		(16,258)
Net increase in loans	(82,130)	(36,175)
Other real estate owned improvements	(20)
Proceeds from sales of other real estate owned	1,085	705
Purchases of corporate premises and equipment, net	(1,732)	(1,000)
Net cash used in investing activities	(68,447)	(53,189)
Financing activities:
Net increase in demand, interest-bearing demand and savings deposits	9,333	43,987
Net increase (decrease) in time deposits	6,162	(27,966)
Net (decrease) increase in borrowings	(10,085)	11,897
Issuance of common stock	350	101
Purchase of common stock	(155)	(1,479)
Cash dividends	(3,316)	(3,054)
Net cash provided by financing activities	2,289	23,486
Net decrease in cash and cash equivalents	(63,948)	(22,201)
Cash and cash equivalents at beginning of period	152,943	167,616
Cash and cash equivalents at end of period	88,995	145,415
Supplemental disclosure
Interest paid	6,710	6,817
Income taxes paid	2,142	450
Supplemental disclosure of noncash investing and financing activities
Unrealized gains (losses) on securities available for sale	1,183	(850)
Transfers from loans to other real estate owned	618	3,814
Pension adjustment	69	(45)
Unrealized losses on cash flow hedging instruments	$ (428)	$ (431)

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	NOTE (Unaudited) NOTE 1: Summary of Significant Accounting Policies Principles of Consolidation: The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) for interim financial reporting and with applicable quarterly reporting regulations of the Securities and Exchange Commission (the SEC). They do not include all of the information and notes required by U.S. GAAP for complete financial statements. Therefore, these consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the C&F Financial Corporation Annual Report on Form 10-K for the year ended December 31, 2015. The unaudited consolidated financial statements include the accounts of C&F Financial Corporation (the Corporation) and its wholly-owned subsidiary, Citizens and Farmers Bank (the Bank or C&F Bank). All significant intercompany accounts and transactions have been eliminated in consolidation. In addition, the Corporation owns 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 a liability of the Corporation. Nature of Operations: The Corporation is a bank holding company incorporated under the laws of the Commonwealth of Virginia. The Corporation owns all of the stock of its subsidiary, C&F Bank, which is an independent commercial bank chartered under the laws of the Commonwealth of Virginia. The Bank has five wholly-owned subsidiaries: C&F Mortgage Corporation and Subsidiary (C&F Mortgage), C&F Finance Company (C&F Finance), C&F Wealth Management Corporation (C&F Wealth Management), C&F Insurance Services, Inc. and CVB Title Services, Inc., all incorporated under the laws of the Commonwealth of Virginia. C&F Mortgage, organized in September 1995, was formed to originate and sell residential mortgages and through its subsidiary, Certified Appraisals LLC, provides ancillary mortgage loan production services for residential appraisals. C&F Finance, acquired on September 1, 2002, is a finance company purchasing automobile loans through indirect lending programs. C&F Wealth Management, organized in April 1995 as C&F Investment Services, Inc. and renamed in May 2015, is a full-service brokerage firm offering a comprehensive range of investment services and insurance products through an alliance with an independent broker/dealer. C&F Insurance Services, Inc., organized in July 1999, owns an equity interest in an insurance agency that sells insurance products to customers of C&F Bank, C&F Mortgage and other financial institutions that have an equity interest in the agency. CVB Title Services, Inc. was organized for the primary purpose of owning membership interests in two insurance-related limited liability companies. Business segment data is presented in Note 8. Basis of Presentation: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the allowance for indemnifications, impairment of loans, impairment of securities, the valuation of other real estate owned, the projected benefit obligation under the defined benefit pension plan, the valuation of deferred taxes, fair value measurements and goodwill impairment. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the results of operations in these financial statements, have been made. Reclassification: Certain reclassifications have been made to prior period amounts to conform to the current period presentation. None of these reclassifications are considered material. Derivative Financial Instruments: The Corporation recognizes derivative financial instruments at fair value as either an other asset or other liability in the consolidated balance sheet. The Corporation’s derivative financial instruments may include (1) the fair value of interest rate lock commitments (IRLCs) on mortgage loans that will be sold in the secondary market on a best efforts basis and the related forward commitments to sell mortgage loans, (2) the fair value of interest rate swaps with certain qualifying commercial loan customers and dealer counterparties and (3) interest rate swaps that qualify as cash flow hedges on the Corporation’s trust preferred capital notes. Because the IRLCs, forward sales commitments and interest rate swaps with loan customers and dealer counterparties are not designated as hedging instruments, adjustments to reflect unrealized gains and losses resulting from changes in fair value of these instruments are reported as noninterest income. The effective portion of the gain or loss on the Corporation’s cash flow hedges is reported as a component of other comprehensive income, net of deferred income taxes, and reclassified into earnings in the same period(s) during which the hedged transactions affect earnings. Share-Based Compensation: Shared-based compensation expense for the third quarter and the first nine months of 2016 included expense, net of forfeitures, of $299,000 ($185,000 after tax) and $914,000 ($567,000 after tax), respectively, for restricted stock granted during 2011 through 2016. As of September 30, 2016, there was $2.50 million of total unrecognized compensation expense related to unvested restricted stock that will be recognized over the remaining requisite service periods. A summary of activity for restricted stock awards during the first nine months of 2016 and 2015 is presented below: 2016 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2015 $ Granted Vested Forfeited Unvested, September 30, 2016 $ 2015 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2014 $ Granted Vested Forfeited Unvested, September 30, 2015 $ Stock option activity during the nine months ended September 30, 2016 and 2015 and stock options outstanding at September 30, 2016 and 2015 are summarized below: Intrinsic Value of Unexercised Remaining In-The Contractual Money Exercise Life Options Shares Price* (in years)* (in 000’s) Options outstanding and exercisable at December 31, 2015 $ $ Exercised Expired $ Options outstanding and exercisable at September 30, 2016 $ $ Intrinsic Value of Unexercised Remaining In-The Contractual Money Exercise Life Options Shares Price* (in years)* (in 000’s) Options outstanding and exercisable at December 31, 2014 $ $ — Expired $ Options outstanding and exercisable at September 30, 2015 88,762 $ $ — * Weighted average Recent Significant Accounting Pronouncements: In January 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-01, “ Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities .” The amendments in ASU 2016-01 require, among other things, equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; and separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). It also eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Corporation is currently assessing the effect that ASU 2016-01 may have on its financial statements. In February 2016, the FASB issued ASU No. 2016-02, “ Leases (Topic 842) .” Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Corporation is currently assessing the effect that ASU 2016-02 may have on its financial statements. In March 2016, the FASB issued ASU No. 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships.” The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria remain intact. The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Corporation does not expect the adoption of ASU 2016-05 will have a material effect on its financial statements. In March 2016, the FASB issued ASU No. 2016-09, “ Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” , in an effort to improve the accounting for employee share-based payments. ASU 2016-09 simplifies several aspects of the accounting for share-based payment award transactions, such as accounting for income taxes, classification of excess tax benefits on the Statement of Cash Flows, accounting for forfeitures, minimum statutory tax withholding requirements and classification of employee taxes paid on the Statement of Cash Flows. For public business entities, the amendments in this ASU are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any organization in any interim or annual period. The Corporation is currently assessing the effect that ASU 2016-09 may have on its financial statements. In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” , as part of its project on financial instruments. ASU 2016-13 introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. For public business entities that are SEC filers, the new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Corporation is currently assessing the effect that ASU 2016-13 may have on its financial statements. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments ”, to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The amendments should be applied using a retrospective transition method to each period presented. If retrospective application is impractical for some of the issues addressed by the update, the amendments for those issues would be applied prospectively as of the earliest date practicable. Early adoption is permitted, including adoption in an interim period. The Corporation is currently assessing the effect that ASU 2016-15 may have on its financial statements. Other accounting standards that have been issued by the FASB or other standards-setting bodies are not expected to have a material effect on the Corporation’s financial position, results of operations or cash flows.

Securities

Securities	9 Months Ended
	Sep. 30, 2016
Securities
Securities	NOTE 2: Securities Debt and equity securities, all of which are classified as available for sale are summarized as follows: September 30, 2016 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. government agencies and corporations $ $ $ $ Mortgage-backed securities Obligations of states and political subdivisions $ $ $ $ December 31, 2015 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. government agencies and corporations $ $ — $ $ Mortgage-backed securities Obligations of states and political subdivisions $ $ $ $ The amortized cost and estimated fair value of securities at September 30, 2016, by the earlier of contractual maturity or expected maturity, are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to prepay obligations with or without call or prepayment penalties. September 30, 2016 Amortized (Dollars in thousands) Cost Fair Value Due in one year or less $ $ Due after one year through five years Due after five years through ten years Due after ten years $ $ Proceeds from maturities and calls of securities available for sale for the three and nine months ended September 30, 2016 were $16.77 million and $47.40 million, respectively, resulting in gross realized gains of $3,000 and $13,000, respectively, for the three and nine months ended September 30, 2016. Proceeds from sales of securities available for sale for the nine months ended September 30, 2016 were $897,000, resulting in gross realized gains of $61,000 and gross realized losses of $26,000. There were no securities sold during the third quarter of 2016. Proceeds from maturities and calls of securities available for sale for the three and nine months ended September 30, 2015 were $7.52 million and $24.40 million, respectively, resulting in gross realized gains of $22,000 and $25,000, respectively. There were no securities sold during either the three or nine months ended September 30, 2015. The Corporation pledges securities to primarily secure public deposits and repurchase agreements. Securities with an aggregate amortized cost of $83.53 million and an aggregate fair value of $86.80 million were pledged at September 30, 2016. Securities with an aggregate amortized cost of $91.93 million and an aggregate fair value of $95.13 million were pledged at December 31, 2015. Securities in an unrealized loss position at September 30, 2016, by duration of the period of the unrealized loss, are shown below. Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Loss Value Loss Value Loss U.S. government agencies and corporations $ $ $ — $ — $ $ Mortgage-backed securities Obligations of states and political subdivisions Total temporarily impaired securities $ $ $ $ $ $ There were 35 debt securities totaling $14.70 million considered temporarily impaired at September 30, 2016. The primary cause of the temporary impairments in the Corporation's investments in debt securities was fluctuations in interest rates. At September 30, 2016, approximately 98 percent of the Corporation's obligations of states and political subdivisions, as measured by market value, were rated “A” or better by Standard & Poor's or Moody's Investors Service. Of those in a net unrealized loss position, each debt security was rated “A” or better, as measured by market value, at September 30, 2016. The Corporation considers all of its debt securities to meet regulatory credit quality standards, meaning that the securities have low risk of default by the obligor, and the full and timely repayment of principal and interest is expected over the expected life of the investment. Because 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 unrealized losses, the Corporation does not consider these investments to be other-than-temporarily impaired at September 30, 2016 and no other-than-temporary impairment has been recognized. Securities in an unrealized loss position at December 31, 2015, by duration of the period of the unrealized loss, are shown below. Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Loss Value Loss Value Loss U.S. government agencies and corporations $ $ $ $ $ $ Mortgage-backed securities Obligations of states and political subdivisions Total temporarily impaired securities $ $ $ $ $ $ The Corporation’s investment in restricted stocks totaled $3.40 million at September 30, 2016 and consisted of $3.26 million of Federal Home Loan Bank (FHLB) stock and $145,000 of Community Bankers Bank (CBB) stock. Restricted stocks are generally viewed as long-term investments and as restricted investment securities, which are carried at cost, because there is no market for the stock, other than the FHLBs or member institutions. Therefore, when evaluating restricted stock for impairment, their respective values are based on the ultimate recoverability of the par value rather than by recognizing temporary declines in value. The Corporation does not consider its investment in restricted stocks to be other-than-temporarily impaired at September 30, 2016, and no impairment has been recognized. Total restricted stocks is shown as a separate line item on the balance sheet and is not a part of the available-for-sale securities portfolio.

Loans

Loans	9 Months Ended
	Sep. 30, 2016
Loans
Loans	NOTE 3: Loans Major classifications of loans are summarized as follows: September 30, December 31, (Dollars in thousands) 2016 2015 Real estate – residential mortgage $ $ Real estate – construction 1 Commercial, financial and agricultural 2 Equity lines Consumer Consumer finance Less allowance for loan losses Loans, net $ $ 1 Includes the Corporation's real estate construction lending and consumer real estate lot lending. 2 Includes the Corporation’s commercial real estate lending, land acquisition and development lending, builder line lending and commercial business lending. Consumer loans included $286,000 and $266,000 of demand deposit overdrafts at September 30, 2016 and December 31, 2015, respectively. The outstanding principal balance and the carrying amount of loans acquired pursuant to the Corporation's acquisition of Central Virginia Bank (CVB) on October 1, 2013 (acquired loans) that were recorded at fair value at the acquisition date and are included in the consolidated balance sheet at September 30, 2016 and December 31, 2015 were as follows: September 30, 2016 December 31, 2015 Acquired Loans - Acquired Loans - Acquired Loans - Acquired Loans - Purchased Purchased Acquired Loans - Purchased Purchased Acquired Loans - (Dollars in thousands) Credit Impaired Performing Total Credit Impaired Performing Total Outstanding principal balance $ $ $ $ $ $ Carrying amount Real estate – residential mortgage $ $ $ $ $ $ Commercial, financial and agricultural 1 Equity lines Consumer — — Total acquired loans $ $ $ $ $ $ 1 Includes acquired loans classified by the Corporation as commercial real estate lending, land acquisition and development lending, builder line lending and commercial business lending. Loans on nonaccrual status were as follows: September 30, December 31, (Dollars in thousands) 2016 2015 Real estate – residential mortgage $ $ Real estate – construction: Construction lending — — Consumer lot lending — — Commercial, financial and agricultural: Commercial real estate lending Land acquisition and development lending — — Builder line lending — Commercial business lending Equity lines Consumer Consumer finance Total loans on nonaccrual status $ $ The past due status of loans as of September 30, 2016 was as follows: 90+ Days 30 - 59 Days 60 - 89 Days 90+ Days Total Past Due and (Dollars in thousands) Past Due Past Due Past Due Past Due PCI Current 1 Total Loans Accruing Real estate – residential mortgage $ $ $ $ $ $ $ $ — Real estate – construction: Construction lending — — — — — — Consumer lot lending — — — — — — Commercial, financial and agricultural: Commercial real estate lending Land acquisition and development lending — — — Builder line lending — — — Commercial business lending — Equity lines — — Consumer — — — Consumer finance — — Total $ $ $ $ $ $ $ $ 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. The table above includes the following: · nonaccrual loans that are current of $3.03 million, 30-59 days past due of $643,000, 60-89 days past due of $397,000 and 90+ days past due of $1.53 million. · performing loans purchased in the acquisition of CVB that are current of $55.95 million, 30-59 days past due of $171,000, and 60-89 days past due of $223,000. The past due status of loans as of December 31, 2015 was as follows: 90+ Days 30 - 59 Days 60 - 89 Days 90+ Days Total Past Due and (Dollars in thousands) Past Due Past Due Past Due Past Due PCI Current 1 Total Loans Accruing 2 Real estate – residential mortgage $ $ $ $ $ $ $ $ Real estate – construction: Construction lending — — — — — — Consumer lot lending — — — — — — Commercial, financial and agricultural: Commercial real estate lending Land acquisition and development lending — — — — — — Builder line lending — — — — Commercial business lending Equity lines — — Consumer — — Consumer finance — — Total $ $ $ $ $ $ $ $ 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. 2 Includes purchased credit impaired (PCI) loans of $172,000. The table above includes the following: · nonaccrual loans that are current of $3.17 million, 30-59 days past due of $377,000, 60‑89 days past due of $887,000 and 90+ days past due of $2.55 million. · performing loans purchased in the acquisition of CVB that are current of $66.37 million, 30-59 days past due of $270,000, 60-89 days past due of $0 and 90+ days past due of $378,000. Loan modifications that were classified as troubled debt restructurings (TDRs) during the three and nine months ended September 30, 2016 and 2015 were as follows: Three Months Ended September 30, 2016 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Number of Recorded Recorded Number of Recorded Recorded (Dollars in thousands) Loans Investment Investment Loans Investment Investment Real estate – residential mortgage – interest rate concession $ $ $ $ Commercial, financial and agricultural: Commercial real estate lending – interest rate concession — — — Consumer – interest rate concession — — — Total $ $ $ $ Nine Months Ended September 30, 2016 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Number of Recorded Recorded Number of Recorded Recorded (Dollars in thousands) Loans Investment Investment Loans Investment Investment Real estate – residential mortgage – interest rate concession $ $ $ $ Commercial, financial and agricultural: Commercial real estate lending – interest rate concession Commercial business lending – interest rate concession Commercial business lending – term concession — — — Consumer – interest rate concession Total $ $ $ $ A TDR payment default occurs when, within 12 months of the original TDR modification, either a full or partial charge-off occurs or a TDR becomes 90 days or more past due. There were no TDR defaults during the three and nine months ended September 30, 2016. Impaired loans, which consisted solely of TDRs, and the related allowance at September 30, 2016 were as follows: Recorded Recorded Investment Investment Average Unpaid in Loans in Loans Balance- Interest Principal without with Related Impaired Income (Dollars in thousands) Balance Specific Reserve Specific Reserve Allowance Loans Recognized Real estate – residential mortgage $ $ $ $ $ $ Commercial, financial and agricultural: Commercial real estate lending Commercial business lending — Equity lines — — Consumer — Total $ $ $ $ $ $ Impaired loans, which consisted solely of TDRs, and the related allowance at December 31, 2015 were as follows: Recorded Recorded Investment Investment Average Unpaid in Loans in Loans Balance- Interest Principal without with Related Impaired Income (Dollars in thousands) Balance Specific Reserve Specific Reserve Allowance Loans Recognized Real estate – residential mortgage $ $ $ $ $ $ Commercial, financial and agricultural: Commercial real estate lending Commercial business lending — Equity lines — — Consumer — Total $ $ $ $ $ $ PCI loans had an unpaid principal balance of $21.58 million and a carrying value of $10.74 million at September 30, 2016. Determining the fair value of purchased credit impaired loans required the Corporation to estimate cash flows expected to result from those loans and to discount those cash flows at appropriate rates of interest. For such loans, the excess of the cash flows expected at acquisition over the estimated fair value is recognized as interest income over the remaining lives of the loans and is called the accretable yield. The difference between contractually required payments at acquisition and the cash flows expected to be collected at acquisition reflects the effect of estimated credit losses and is called the nonaccretable difference, and is not recorded. In accordance with U.S. GAAP, there was no carry-over of the previously established allowance for loan losses for acquired loans. The following table presents a summary of the change in the accretable yield of the PCI loan portfolio for the nine months ended September 30, 2016 and 2015: September 30, (Dollars in thousands) 2016 2015 Accretable yield, balance at beginning of period $ $ Accretion Reclassification of nonaccretable difference due to improvement in expected cash flows Other changes, net Accretable yield, balance at end of period $ $

Allowance for Loan Losses

Allowance for Loan Losses	9 Months Ended
	Sep. 30, 2016
Allowance for Loan Losses
Allowance for Loan Losses	NOTE 4: Allowance for Loan Losses The following table presents the changes in the allowance for loan losses by major classification during the nine months ended September 30, 2016. Real Estate Commercial, Residential Real Estate Financial & Equity Consumer (Dollars in thousands) Mortgage Construction Agricultural Lines Consumer Finance Total Allowance for loan losses: Balance at December 31, 2015 $ $ $ $ $ $ $ Provision charged (credited) to operations Loans charged off — Recoveries of loans previously charged off — — Balance at September 30, 2016 $ $ $ $ $ $ $ The following table presents the changes in the allowance for loan losses by major classification during the nine months ended September 30, 2015. Real Estate Commercial, Residential Real Estate Financial & Equity Consumer (Dollars in thousands) Mortgage Construction Agricultural Lines Consumer Finance Total Allowance for loan losses: Balance at December 31, 2014 $ $ $ $ $ $ $ Provision charged (credited) to operations Loans charged off — — Recoveries of loans previously charged off — — Balance at September 30, 2015 $ $ $ $ $ $ $ The following table presents, as of September 30, 2016, the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment, collectively evaluated for impairment or PCI loans), the total loans and loans by impairment methodology (individually evaluated for impairment, collectively evaluated for impairment or PCI loans). Real Estate Commercial, Residential Real Estate Financial & Equity Consumer (Dollars in thousands) Mortgage Construction Agricultural Lines Consumer Finance Total Allowance for loan losses: Ending balance at September 30, 2016 $ $ $ $ $ $ $ Ending balance: individually evaluated for impairment $ $ — $ $ — $ $ — $ Ending balance: collectively evaluated for impairment $ $ $ $ $ $ $ Ending balance: acquired loans - PCI $ — $ — $ $ — $ — $ — $ Loans: Ending balance at September 30, 2016 $ $ $ $ $ $ $ Ending balance: individually evaluated for impairment $ $ — $ $ $ $ — $ Ending balance: collectively evaluated for impairment $ $ $ $ $ $ $ Ending balance: acquired loans - PCI $ $ — $ $ $ — $ — $ The following table presents, as of December 31, 2015, the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment,collectively evaluated for impairment, or PCI loans), the total loans and loans by impairment methodology (individually evaluated for impairment, collectively evaluated for impairment or PCI loans). Real Estate Commercial, Residential Real Estate Financial & Equity Consumer (Dollars in thousands) Mortgage Construction Agricultural Lines Consumer Finance Total Allowance for loan losses: Ending balance at December 31, 2015 $ $ $ $ $ $ $ Ending balance: individually evaluated for impairment $ $ — $ $ — $ $ — $ Ending balance: collectively evaluated for impairment $ $ $ $ $ $ $ Ending balance: acquired loans - PCI $ — $ — $ $ — $ — $ — $ Loans: Ending balance at December 31, 2015 $ $ $ $ $ $ $ Ending balance: individually evaluated for impairment $ $ — $ $ $ $ — $ Ending balance: collectively evaluated for impairment $ $ $ $ $ $ $ Ending balance: acquired loans - PCI $ $ — $ $ $ — $ — $ Loans by credit quality indicators as of September 30, 2016 were as follows: Special Substandard (Dollars in thousands) Pass Mention Substandard Nonaccrual Total 1 Real estate – residential mortgage $ $ $ $ $ Real estate – construction: Construction lending — — — Consumer lot lending — — — Commercial, financial and agricultural: Commercial real estate lending Land acquisition and development lending — Builder line lending — Commercial business lending Equity lines Consumer $ $ $ $ $ 1 At September 30, 2016, the Corporation did not have any loans classified as Doubtful or Loss. Included in the table above are loans purchased in connection with the acquisition of CVB of $58.12 million pass rated, $4.67 million special mention, $4.10 million substandard and $187,000 substandard nonaccrual. Non- (Dollars in thousands) Performing Performing Total Consumer finance $ $ $ Loans by credit quality indicators as of December 31, 2015 were as follows: Special Substandard (Dollars in thousands) Pass Mention Substandard Nonaccrual Total 1 Real estate – residential mortgage $ $ $ $ $ Real estate – construction: Construction lending — — Consumer lot lending — — — Commercial, financial and agricultural: Commercial real estate lending Land acquisition and development lending — Builder line lending Commercial business lending Equity lines Consumer $ $ $ $ $ 1 At December 31, 2015, the Corporation did not have any loans classified as Doubtful or Loss. Included in the table above are loans purchased in connection with the acquisition of CVB of $71.14 million pass rated, $4.09 million special mention, $5.15 million substandard and $542,000 substandard nonaccrual. Non- (Dollars in thousands) Performing Performing Total Consumer finance $ $ $

Shareholders' Equity and Earnin

Shareholders' Equity and Earnings Per Common Share	9 Months Ended
	Sep. 30, 2016
Shareholders’ Equity and Earnings Per Common Share
Shareholders’ Equity, Other Comprehensive Income and Earnings Per Common Share	NOTE 5: Shareholders’ Equity and Earnings Per Common Share Accumulated Other Comprehensive Income The following table presents the cumulative balances of the components of accumulated other comprehensive income, net of deferred taxes of $900,000 and $620,000 as of September 30, 2016 and December 31, 2015, respectively. September 30, December 31, (Dollars in thousands) 2016 2015 Net unrealized gains on securities $ $ Net unrecognized loss on cash flow hedges Net unrecognized losses on defined benefit plan Total accumulated other comprehensive income $ $ Common Shares The Corporation purchased 3,990 and 3,281 shares of its common stock from employees to satisfy tax withholding obligations arising upon the vesting of restricted shares during the first nine months of 2016 and 2015, respectively. During the first nine months of 2015, 38,759 shares were purchased under a share repurchase program authorized by the Corporation’s Board of Directors; whereas, no such shares were purchased under this program during the first nine months of 2016. Earnings Per Common Share (EPS) The components of the Corporation’s EPS calculations are as follows: Three Months Ended September 30, (Dollars in thousands) 2016 2015 Net income $ $ Weighted average number of common shares used in earnings per common share—basic Effect of dilutive securities: Stock option awards — Weighted average number of common shares used in earnings per common share—assuming dilution Nine Months Ended September 30, (Dollars in thousands) 2016 2015 Net income $ $ Weighted average number of common shares used in earnings per common share—basic Effect of dilutive securities: Stock option awards Weighted average number of common shares used in earnings per common share—assuming dilution 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. Accordingly, the weighted average number of common shares used in the calculation of basic and diluted EPS includes both vested and unvested common shares outstanding. Potential common shares that may be issued by the Corporation for its stock option awards are determined using the treasury stock method. Accordingly, anti-dilutive shares are not included in computing diluted earnings per share. No shares issuable upon exercise of options were anti-dilutive for the three months ended September 30, 2016; whereas, 4,000 shares issuable upon exercise of options were anti-dilutive for the nine months ended September 30, 2016. For both the three and nine months ended September, 2015, 88,762 shares issuable upon exercise of options were anti-dilutive.

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2016
Employee Benefit Plans
Employee Benefit Plans	NOTE 6: Employee Benefit Plans The Bank has a non-contributory cash balance pension plan for which the components of net periodic benefit cost are as follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2016 2015 2016 2015 Components of net periodic benefit cost: Service cost $ $ $ $ Interest cost Expected return on plan assets Amortization of prior service cost Recognized net actuarial loss Net periodic benefit cost $ $ $ $

Fair Value of Assets and Liabil

Fair Value of Assets and Liabilities	9 Months Ended
	Sep. 30, 2016
Fair Value of Assets and Liabilities
Fair Value of Assets and Liabilities	NOTE 7: Fair Value of Assets and Liabilities Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. U.S. GAAP requires that valuation techniques maximize the use of observable inputs and minimize the use of unobservable inputs. U.S. GAAP also establishes a fair value hierarchy which prioritizes the valuation inputs into three broad levels. Based on the underlying inputs, each fair value measurement in its entirety is reported in one of the three levels. These levels are: · Level 1—Valuation is based upon quoted prices for identical instruments traded in active markets. Level 1 assets and liabilities include debt and equity securities traded in an active exchange market, as well as U.S. Treasury securities. · Level 2—Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities. · Level 3—Valuation is determined using model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect the Corporation's estimates of assumptions that market participants would use in pricing the respective asset or liability. Valuation techniques may include the use of pricing models, discounted cash flow models and similar techniques. U.S. GAAP allows an entity the irrevocable option to elect fair value (the fair value option) for the initial and subsequent measurement for certain financial assets and liabilities on a contract-by-contract basis. The Corporation has elected to use fair value accounting for its entire portfolio of loans held for sale (LHFS). Assets and Liabilities Measured at Fair Value on a Recurring Basis The following describes the valuation techniques and inputs used by the Corporation in determining the fair value of certain assets recorded at fair value on a recurring basis in the financial statements. Securities available for sale. The Corporation primarily values its investment portfolio using Level 2 fair value measurements, but may also use Level 1 or Level 3 measurements if required by the composition of the portfolio. At September 30, 2016 and December 31, 2015, the Corporation's entire investment securities portfolio was comprised of securities available for sale, which were valued using Level 2 fair value measurements. The Corporation has contracted with third party portfolio accounting service vendors for valuation of its securities portfolio. The vendors’ sources for security valuation are Standard & Poor's Securities Evaluations Inc. (SPSE), Thomson Reuters Pricing Service (TRPS), and Interactive Data Pricing and Reference Data LLC (IDC). 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. SPSE and IDC provide evaluated prices for the Corporation's obligations of states and political subdivisions category of securities. Both sources use proprietary pricing models and pricing systems, mathematical tools and judgment to determine an evaluated price for a security based upon a hierarchy of market information regarding that security or securities with similar characteristics. TRPS and IDC provide evaluated prices for the Corporation's U.S. government agencies and corporations and mortgage-backed categories of securities. Fixed-rate callable securities of the U.S. government agencies and corporations category are individually evaluated on an option adjusted spread basis for callable issues or on a nominal spread basis incorporating the term structure of agency market spreads and the appropriate risk free benchmark curve for non-callable issues. Fixed-rate securities issued by the Small Business Association in the U.S. government agencies and corporations category are individually evaluated based upon a hierarchy of security specific information and market data regarding that security or securities with similar characteristics. Pass-through mortgage-backed securities (or 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 a relative mortgage-backed to-be-announced (TBA) or other benchmark price. TBA 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. Loans held for sale. Fair value of the Corporation's LHFS is based on observable market prices for similar instruments traded in the secondary mortgage loan markets in which the Corporation conducts business. The Corporation's portfolio of LHFS is classified as Level 2. Derivative asset (liability) - IRLCs. The Corporation recognizes IRLCs at fair value. Fair value of IRLCs is based on either (i) the price of the underlying loans obtained from an investor for loans that will be delivered on a best efforts basis or (ii) the observable price for individual loans traded in the secondary market for loans that will be delivered on a mandatory basis. All of the Corporation's IRLCs are classified as Level 2. Derivative asset (liability) – interest rate swaps on loans. As discussed in Note 10, “Interest Rate Swaps”, the Corporation recognizes interest rate swaps at fair value on a recurring basis. The Corporation has contracted with a third party vendor to provide valuations for these interest rate swaps using standard valuation techniques and therefore classifies such interest rate swaps as Level 2. Derivative asset (liability) - cash flow hedges. The fair value of the Corporation's cash flow hedges is determined using the discounted cash flow method. All of the Corporation's cash flow hedges are classified as Level 2. The following table presents the balances of financial assets and liabilities measured at fair value on a recurring basis. September 30, 2016 Fair Value Measurements Using Assets/Liabilities at (Dollars in thousands) Level 1 Level 2 Level 3 Fair Value Assets: Securities available for sale U.S. government agencies and corporations $ — $ $ — $ Mortgage-backed securities — — Obligations of states and political subdivisions — — Total securities available for sale — — Loans held for sale — — Derivative asset - IRLC — — Derivative asset - interest rate swaps on loans — — Total assets $ — $ $ — $ Liabilities: Derivative liability - cash flow hedges $ — $ $ — $ Derivative liability - interest rate swaps on loans — — Total liabilities $ — $ $ — $ December 31, 2015 Fair Value Measurements Using Assets/Liabilities at (Dollars in thousands) Level 1 Level 2 Level 3 Fair Value Assets: Securities available for sale U.S. government agencies and corporations $ — $ $ — $ Mortgage-backed securities — — Obligations of states and political subdivisions — — Total securities available for sale — — Loans held for sale — — Derivative asset - IRLC — — Total assets $ — $ $ — $ Liabilities: Derivative liability - cash flow hedges $ — $ $ — $ Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The Corporation may be required, from time to time, to measure and recognize certain assets at fair value on a nonrecurring basis in accordance with U.S. GAAP. The following describes the valuation techniques and inputs used by the Corporation in determining the fair value of certain assets recorded at fair value on a nonrecurring basis in the financial statements. Impaired loans. The Corporation does not record loans held for investment at fair value on a recurring basis. However, there are instances when a loan is considered impaired and an allowance for loan losses is established. A loan is considered impaired when it is probable that the Corporation will be unable to collect all interest and principal payments as scheduled in the loan agreement. All TDRs are considered impaired loans. The Corporation measures impairment on a loan-by-loan basis for commercial, construction and residential loans in excess of $500,000 by either the present value of expected future cash flows discounted at the loan’s effective interest rate, the loan’s obtainable market price, or the fair value of the collateral if the loan is collateral dependent. Additionally, management reviews current market conditions, borrower history, past experience with similar loans and economic conditions. Based on management's review, additional write-downs to fair value may be incurred. The Corporation maintains a valuation allowance to the extent that the measure of the impaired loan is less than the recorded investment. When the fair value of an impaired loan is based solely on observable cash flows, market price or a current appraisal, the Corporation records the impaired loan as nonrecurring Level 2. However, if based on management's review, additional write-downs to fair value are required or if the impaired loan otherwise does not meet the standards for Level 2 classification, the Corporation records the impaired loan as nonrecurring Level 3. The measurement of impaired loans of less than $500,000, with the exception of Commercial loan TDRs, is based on each loan's future cash flows discounted at the loan's effective interest rate rather than the market rate of interest, which is not a fair value measurement and is therefore excluded from fair value disclosure requirements. Other real estate owned (OREO). Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less costs to sell at the date of foreclosure. Initial fair value is based upon appraisals the Corporation obtains from independent licensed appraisers. Subsequent to foreclosure, management periodically performs valuations of the foreclosed assets based on updated appraisals, general market conditions, recent sales of similar properties, length of time the properties have been held, and our ability and intent with regard to continued ownership of the properties. The Corporation may incur additional write-downs of foreclosed assets to fair value less costs to sell if valuations indicate a further deterioration in market conditions. As such, the Corporation records OREO as nonrecurring Level 3. The following table presents the balances of financial assets measured at fair value on a non-recurring basis. September 30, 2016 Fair Value Measurements Using Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Impaired loans, net $ — $ — $ $ Other real estate owned, net — — Total $ — $ — $ $ December 31, 2015 Fair Value Measurements Using Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Impaired loans, net $ — $ — $ $ Other real estate owned, net — — Total $ — $ — $ $ The following table presents quantitative information about Level 3 fair value measurements for financial assets measured at fair value on a non-recurring basis as of September 30, 2016: Fair Value Measurements at September 30, 2016 (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range of Inputs Impaired loans, net $ Appraisals Discount to reflect current market conditions and estimated selling costs 0% - 50% Other real estate owned, net Appraisals Discount to reflect current market conditions and estimated selling costs 0% - 67% Total $ Fair Value of Financial Instruments FASB ASC 825, Financial Instruments , requires disclosure about fair value of financial instruments, including those financial assets and financial liabilities that are not required to be measured and reported at fair value on a recurring or nonrecurring basis. ASC 825 excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Corporation. The following describes the valuation techniques used by the Corporation to measure certain of its financial instruments at fair value as of September 30, 2016 and December 31, 2015. Cash and short-term investments. The nature of these instruments and their relatively short maturities provide for the reporting of fair value equal to the historical cost. Loans, net. The fair value of performing loans is estimated using a discounted expected future cash flows analysis based on current rates being offered on similar products in the market. An overall valuation adjustment is made for specific credit risks as well as general portfolio risks. Based on the valuation methodologies used in assessing the fair value of loans and the associated valuation allowance, these loans are considered Level 3. Loan totals, as listed in the table below, include impaired loans. For valuation techniques used in relation to impaired loans, see the Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis section in this Note 7. Loans held for sale, net. As described in Assets and Liabilities Measured at Fair Value on a Recurring Basis section in this Note 7, the Corporation has elected to carry its portfolio of loans held for sale at fair value, measured on a recurring basis. Accrued interest receivable. The carrying amount of accrued interest receivable approximates fair value. Bank-owned life insurance (BOLI). The fair value of BOLI is estimated using information provided by insurance carriers. These policies are carried at their cash surrender value, which approximates the fair value. Deposits. The fair value of all demand deposit accounts is the amount payable at the report date. For all other deposits, the fair value is determined using the discounted cash flow method. The discount rate was equal to the rate currently offered on similar products in active markets (Level 2). Borrowings. The fair value of borrowings is determined using the discounted cash flow method. The discount rate was equal to the rate currently offered on similar products in active markets (Level 2). Accrued interest payable. The carrying amount of accrued interest payable approximates fair value. Letters of credit. The estimated fair value of letters of credit is based on estimated fees the Corporation would pay to have another entity assume its obligation under the outstanding arrangements. These fees are not considered material. Unused portions of lines of credit. The estimated fair value of unused portions of lines of credit is based on estimated fees the Corporation would pay to have another entity assume its obligation under the outstanding arrangements. These fees are not considered material. The following tables reflect the carrying amounts and estimated fair values of the Corporation's financial instruments whether or not recognized on the balance sheet at fair value. Carrying Fair Value Measurements at September 30, 2016 Using Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ $ $ — $ — $ Securities available for sale — — Loans, net — — Loans held for sale — — Derivative asset - IRLC — — Derivative asset - interest rate swaps on loans — — Bank-owned life insurance — — Accrued interest receivable — — Financial liabilities: Demand deposits $ $ $ — $ — $ Time deposits — — Borrowings — — Derivative liability - cash flow hedges — — Derivative liability - interest rate swaps on loans — — Accrued interest payable — — Carrying Fair Value Measurements at December 31, 2015 Using Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ $ $ — $ — $ Securities available for sale — — Loans, net — — Loans held for sale — — Derivative asset - IRLC — — Bank-owned life insurance — — Accrued interest receivable — — Financial liabilities: Demand deposits $ $ $ — $ — $ Time deposits — — Borrowings — — Derivative liability - cash flow hedges — — Accrued interest payable — — The Corporation assumes interest rate risk (the risk that general interest rate levels will change) in the normal course of operations. As a result, the fair values of the Corporation’s financial instruments will change when interest rate levels change and that change may be either favorable or unfavorable to the Corporation. Management attempts to match maturities of assets and liabilities to the extent believed necessary to balance minimizing interest rate risk and increasing net interest income in current market conditions. However, borrowers with fixed rate obligations are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors interest rates, maturities and repricing dates of assets and liabilities and attempts to manage interest rate risk by adjusting terms of new loans, deposits and borrowings and by investing in securities with terms that mitigate the Corporation’s overall interest rate risk.

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2016
Business Segments
Business Segments	NOTE 8: Business Segments The Corporation operates in a decentralized fashion in three principal business segments: Retail Banking, Mortgage Banking and Consumer Finance. Revenues from Retail Banking operations consist primarily of interest earned on loans and investment securities and service charges on deposit accounts. Mortgage Banking operating revenues consist principally of gains on sales of loans in the secondary market, loan origination fee income and interest earned on mortgage loans held for sale. Revenues from Consumer Finance consist primarily of interest earned on purchased automobile retail installment sales contracts. The Corporation’s other segment includes a full-service brokerage firm that derives revenues from offering investment services and insurance products through an alliance with an independent broker/dealer and an insurance company that derives revenues from insurance services. The results of the other segment are not significant to the Corporation as a whole and have been included in “Other.” Revenue and expenses of the Corporation are also included in “Other,” and consist primarily of interest expense associated with the Corporation’s trust preferred capital notes and other general corporate expenses. Three Months Ended September 30, 2016 Retail Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Revenues: Interest income $ $ $ $ $ $ Gains on sales of loans — — — — Other noninterest income — Total operating income Expenses: Provision for loan losses — — — — Interest expense Salaries and employee benefits — Other noninterest expenses — Total operating expenses Income (loss) before income taxes — Income tax expense (benefit) — Net income (loss) $ $ $ $ $ — $ Total assets $ $ $ $ $ $ Goodwill $ $ — $ $ — $ — $ Capital expenditures $ $ $ $ — $ — $ Three Months Ended September 30, 2015 Retail Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Revenues: Interest income $ $ $ $ — $ $ Gains on sales of loans — — — — Other noninterest income — Total operating income Expenses: Provision for loan losses — — — Interest expense Salaries and employee benefits — Other noninterest expenses — Total operating expenses Income (loss) before income taxes — Income tax expense (benefit) — Net income (loss) $ $ $ $ $ — $ Total assets $ $ $ $ $ $ Goodwill $ $ — $ $ — $ — $ Capital expenditures $ $ $ $ $ — $ Nine Months Ended September 30, 2016 Retail Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Revenues: Interest income $ $ $ $ $ $ Gains on sales of loans — — — — Other noninterest income — Total operating income Expenses: Provision for loan losses — — — — Interest expense Salaries and employee benefits — Other noninterest expenses — Total operating expenses Income (loss) before income taxes — Income tax expense (benefit) — Net income (loss) $ $ $ $ $ — $ Total assets $ $ $ $ $ $ Goodwill $ $ — $ $ — $ — $ Capital expenditures $ $ $ $ — $ — $ Nine Months Ended September 30, 2015 Retail Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Revenues: Interest income $ $ $ $ — $ $ Gains on sales of loans — — — — Other noninterest income — Total operating income Expenses: Provision for loan losses — — — Interest expense Salaries and employee benefits — Other noninterest expenses — Total operating expenses Income (loss) before income taxes — Income tax expense (benefit) — Net income (loss) $ $ $ $ $ — $ Total assets $ $ $ $ $ $ Goodwill $ $ — $ $ — $ — $ Capital expenditures $ $ $ $ $ — $ The Retail Banking segment extends a warehouse line of credit to the Mortgage Banking segment, providing a portion of the funds needed to originate mortgage loans. The Retail Banking segment charges the Mortgage Banking segment interest at the daily FHLB advance rate plus 50 basis points. The Retail Banking segment also provides the Consumer Finance segment with a portion of the funds needed to purchase loan contracts by means of variable rate notes that carry interest at one-month LIBOR plus 200 basis points and fixed rate notes that carry interest rates ranging from 3.8 percent to 8.0 percent. The Retail 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. Certain corporate overhead costs incurred by the Retail Banking segment are not allocated to the Mortgage Banking, Consumer Finance and Other segments.

Commitments and Financial Instr

Commitments and Financial Instruments with Off-Balance-Sheet Risk	9 Months Ended
	Sep. 30, 2016
Commitments and Financial Instruments with Off-Balance-Sheet Risk
Commitments and Financial Instruments with Off-Balance-Sheet Risk	NOTE 9: Commitments and Financial Instruments with Off-Balance-Sheet Risk C&F Mortgage enters into IRLCs with customers and will sell the underlying loans to investors on either a best efforts or a mandatory delivery basis. C&F Mortgage mitigates interest rate risk on IRLCs and loans held for sale by (a) entering into forward loan sales contracts with investors for loans to be delivered on a best efforts basis or (b) entering into forward sales contracts of MBS for loans to be delivered on a mandatory basis. Both the IRLCs with customers and the forward sales contracts are considered derivative financial instruments. At September 30, 2016, the Corporation had best efforts forward sales contracts with a notional value of $156.87 million, and each loan held for sale by C&F Mortgage was subject to a forward sales agreement. The fair value of these derivative instruments at September 30, 2016 was $1.25 million, which was included in other assets. The Corporation had no mandatory forward sales contracts at September 30, 2016. C&F Mortgage sells substantially all of the residential mortgage loans it originates to third-party counterparties (i.e., investors). As is customary in the industry, the agreements with these counterparties require C&F Mortgage to extend representations and warranties with respect to program compliance, borrower misrepresentation, fraud, and early payment performance. Under the agreements, the counterparties are entitled to make loss claims and repurchase requests of C&F Mortgage for loans that contain covered deficiencies. C&F Mortgage has obtained early payment default recourse waivers for a significant portion of its business. Recourse periods for early payment default for the remaining counterparties 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. C&F Mortgage maintains an indemnification reserve for potential claims made under these recourse provisions. During the third quarter of 2016, C&F Mortgage reached an agreement with one of its third-party counterparties that resolved all known and unknown indemnification obligations for loans sold to this counterparty prior to August 2016. The following table presents the changes in the allowance for indemnification losses for the periods presented: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2016 2015 2016 2015 Allowance, beginning of period $ $ $ $ Provision for indemnification losses Payments — Allowance, end of period $ $ $ $

Interest Rate Swaps

Interest Rate Swaps	9 Months Ended
	Sep. 30, 2016
Interest Rate Swaps
Interest Rate Swaps	NOTE 10: Interest Rate Swaps The Corporation uses interest rate swaps to manage its exposure to interest rate risk. Interest rate swaps involve the exchange of fixed and variable rate interest payments between two parties, based on a common notional principal amount and maturity date with no exchange of underlying principal amounts. The Corporation has interest rate swaps that qualify as cash flow hedges. The Corporation’s cash flow hedges effectively modify the Corporation’s exposure of its trust preferred capital notes to interest rate risk by converting variable rates of interest on $10.00 million and $15.00 million of the Corporation’s trust preferred capital notes to fixed rates of interest until September 2020 and December 2019, respectively. The cash flow hedges’ total notional amount is $25.00 million. At September 30, 2016, the cash flow hedges had a fair value of ($603,000), which is recorded in other liabilities. The cash flow hedges were fully effective at September 30, 2016 and therefore the net loss on the cash flow hedges was recognized as a component of other comprehensive income (loss), net of deferred income taxes. The Corporation also enters into interest rate swaps with certain qualifying commercial loan customers to meet their interest rate risk management needs. The Corporation simultaneously enters into interest rate swaps with dealer counterparties, with identical notional amounts and terms. The net result of these interest rate swaps is that the customer pays a fixed rate of interest and the Corporation receives a floating rate. The total notional amount of the interest rate swaps on loans is $50.51 million. At September 30, 2016, the interest rate swaps had a net fair value of zero, with $815,000 recognized in other assets and $815,000 recognized in other liabilities. Changes in fair value are recorded in other noninterest expense and net to zero because of the identical amounts and terms of the swaps.

Other Noninterest Expenses

Other Noninterest Expenses	9 Months Ended
	Sep. 30, 2016
Other Noninterest Expenses
Other Noninterest Expenses	NOTE 11: Other Noninterest Expenses The following table presents the significant components in the statements of income line “Noninterest Expenses-Other.” Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2016 2015 2016 2015 Data processing expenses $ $ $ $ Professional fees Marketing and advertising expenses Travel and educational expenses Telecommunication expenses All other noninterest expenses Total other noninterest expenses $ $ $ $

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation: The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) for interim financial reporting and with applicable quarterly reporting regulations of the Securities and Exchange Commission (the SEC). They do not include all of the information and notes required by U.S. GAAP for complete financial statements. Therefore, these consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the C&F Financial Corporation Annual Report on Form 10-K for the year ended December 31, 2015. The unaudited consolidated financial statements include the accounts of C&F Financial Corporation (the Corporation) and its wholly-owned subsidiary, Citizens and Farmers Bank (the Bank or C&F Bank). All significant intercompany accounts and transactions have been eliminated in consolidation. In addition, the Corporation owns 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 a liability of the Corporation.
Nature of Operations	Nature of Operations: The Corporation is a bank holding company incorporated under the laws of the Commonwealth of Virginia. The Corporation owns all of the stock of its subsidiary, C&F Bank, which is an independent commercial bank chartered under the laws of the Commonwealth of Virginia. The Bank has five wholly-owned subsidiaries: C&F Mortgage Corporation and Subsidiary (C&F Mortgage), C&F Finance Company (C&F Finance), C&F Wealth Management Corporation (C&F Wealth Management), C&F Insurance Services, Inc. and CVB Title Services, Inc., all incorporated under the laws of the Commonwealth of Virginia. C&F Mortgage, organized in September 1995, was formed to originate and sell residential mortgages and through its subsidiary, Certified Appraisals LLC, provides ancillary mortgage loan production services for residential appraisals. C&F Finance, acquired on September 1, 2002, is a finance company purchasing automobile loans through indirect lending programs. C&F Wealth Management, organized in April 1995 as C&F Investment Services, Inc. and renamed in May 2015, is a full-service brokerage firm offering a comprehensive range of investment services and insurance products through an alliance with an independent broker/dealer. C&F Insurance Services, Inc., organized in July 1999, owns an equity interest in an insurance agency that sells insurance products to customers of C&F Bank, C&F Mortgage and other financial institutions that have an equity interest in the agency. CVB Title Services, Inc. was organized for the primary purpose of owning membership interests in two insurance-related limited liability companies. Business segment data is presented in Note 8.
Basis of Presentation	Basis of Presentation: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, the allowance for indemnifications, impairment of loans, impairment of securities, the valuation of other real estate owned, the projected benefit obligation under the defined benefit pension plan, the valuation of deferred taxes, fair value measurements and goodwill impairment. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for a fair presentation of the results of operations in these financial statements, have been made.
Reclassification	Reclassification: Certain reclassifications have been made to prior period amounts to conform to the current period presentation. None of these reclassifications are considered material.
Derivative Financial Instruments	Derivative Financial Instruments: The Corporation recognizes derivative financial instruments at fair value as either an other asset or other liability in the consolidated balance sheet. The Corporation’s derivative financial instruments may include (1) the fair value of interest rate lock commitments (IRLCs) on mortgage loans that will be sold in the secondary market on a best efforts basis and the related forward commitments to sell mortgage loans, (2) the fair value of interest rate swaps with certain qualifying commercial loan customers and dealer counterparties and (3) interest rate swaps that qualify as cash flow hedges on the Corporation’s trust preferred capital notes. Because the IRLCs, forward sales commitments and interest rate swaps with loan customers and dealer counterparties are not designated as hedging instruments, adjustments to reflect unrealized gains and losses resulting from changes in fair value of these instruments are reported as noninterest income. The effective portion of the gain or loss on the Corporation’s cash flow hedges is reported as a component of other comprehensive income, net of deferred income taxes, and reclassified into earnings in the same period(s) during which the hedged transactions affect earnings.
Share-Based Compensation	Share-Based Compensation: Shared-based compensation expense for the third quarter and the first nine months of 2016 included expense, net of forfeitures, of $299,000 ($185,000 after tax) and $914,000 ($567,000 after tax), respectively, for restricted stock granted during 2011 through 2016. As of September 30, 2016, there was $2.50 million of total unrecognized compensation expense related to unvested restricted stock that will be recognized over the remaining requisite service periods. A summary of activity for restricted stock awards during the first nine months of 2016 and 2015 is presented below: 2016 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2015 $ Granted Vested Forfeited Unvested, September 30, 2016 $ 2015 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2014 $ Granted Vested Forfeited Unvested, September 30, 2015 $ Stock option activity during the nine months ended September 30, 2016 and 2015 and stock options outstanding at September 30, 2016 and 2015 are summarized below: Intrinsic Value of Unexercised Remaining In-The Contractual Money Exercise Life Options Shares Price* (in years)* (in 000’s) Options outstanding and exercisable at December 31, 2015 $ $ Exercised Expired $ Options outstanding and exercisable at September 30, 2016 $ $ Intrinsic Value of Unexercised Remaining In-The Contractual Money Exercise Life Options Shares Price* (in years)* (in 000’s) Options outstanding and exercisable at December 31, 2014 $ $ — Expired $ Options outstanding and exercisable at September 30, 2015 88,762 $ $ — * Weighted average
Recent Significant Accounting Pronouncements	Recent Significant Accounting Pronouncements: In January 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-01, “ Financial Instruments – Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities .” The amendments in ASU 2016-01 require, among other things, equity investments (except those accounted for under the equity method of accounting, or those that result in consolidation of the investee) to be measured at fair value with changes in fair value recognized in net income; public business entities to use the exit price notion when measuring the fair value of financial instruments for disclosure purposes; and separate presentation of financial assets and financial liabilities by measurement category and form of financial asset (i.e., securities or loans and receivables). It also eliminates the requirement for public business entities to disclose the method(s) and significant assumptions used to estimate the fair value that is required to be disclosed for financial instruments measured at amortized cost. The amendments in this ASU are effective for public companies for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. The Corporation is currently assessing the effect that ASU 2016-01 may have on its financial statements. In February 2016, the FASB issued ASU No. 2016-02, “ Leases (Topic 842) .” Among other things, in the amendments in ASU 2016-02, lessees will be required to recognize the following for all leases (with the exception of short-term leases) at the commencement date: (1) a lease liability, which is a lessee’s obligation to make lease payments arising from a lease, measured on a discounted basis; and (2) a right-of-use asset, which is an asset that represents the lessee’s right to use, or control the use of, a specified asset for the lease term. Under the new guidance, lessor accounting is largely unchanged. Certain targeted improvements were made to align, where necessary, lessor accounting with the lessee accounting model and Topic 606, Revenue from Contracts with Customers. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted upon issuance. Lessees (for capital and operating leases) and lessors (for sales-type, direct financing, and operating leases) must apply a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. The modified retrospective approach would not require any transition accounting for leases that expired before the earliest comparative period presented. Lessees and lessors may not apply a full retrospective transition approach. The Corporation is currently assessing the effect that ASU 2016-02 may have on its financial statements. In March 2016, the FASB issued ASU No. 2016-05, “Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships.” The amendments in this ASU clarify that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument does not, in and of itself, require dedesignation of that hedging relationship provided that all other hedge accounting criteria remain intact. The amendments are effective for public business entities for financial statements issued for fiscal years beginning after December 15, 2016, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. The Corporation does not expect the adoption of ASU 2016-05 will have a material effect on its financial statements. In March 2016, the FASB issued ASU No. 2016-09, “ Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting” , in an effort to improve the accounting for employee share-based payments. ASU 2016-09 simplifies several aspects of the accounting for share-based payment award transactions, such as accounting for income taxes, classification of excess tax benefits on the Statement of Cash Flows, accounting for forfeitures, minimum statutory tax withholding requirements and classification of employee taxes paid on the Statement of Cash Flows. For public business entities, the amendments in this ASU are effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. Early adoption is permitted for any organization in any interim or annual period. The Corporation is currently assessing the effect that ASU 2016-09 may have on its financial statements. In June 2016, the FASB issued ASU No. 2016-13, “ Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” , as part of its project on financial instruments. ASU 2016-13 introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments. It also modifies the impairment model for available-for-sale debt securities and provides for a simplified accounting model for purchased financial assets with credit deterioration since their origination. For public business entities that are SEC filers, the new standard is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early adoption will be permitted for all organizations for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Corporation is currently assessing the effect that ASU 2016-13 may have on its financial statements. In August 2016, the FASB issued ASU 2016-15, “ Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments ”, to address diversity in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The amendments are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The amendments should be applied using a retrospective transition method to each period presented. If retrospective application is impractical for some of the issues addressed by the update, the amendments for those issues would be applied prospectively as of the earliest date practicable. Early adoption is permitted, including adoption in an interim period. The Corporation is currently assessing the effect that ASU 2016-15 may have on its financial statements. Other accounting standards that have been issued by the FASB or other standards-setting bodies are not expected to have a material effect on the Corporation’s financial position, results of operations or cash flows.

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2016
Summary of Significant Accounting Policies
Summary of activity for restricted stock awards	2016 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2015 $ Granted Vested Forfeited Unvested, September 30, 2016 $ 2015 Weighted- Average Grant Date Shares Fair Value Unvested, December 31, 2014 $ Granted Vested Forfeited Unvested, September 30, 2015 $
Schedule of stock option transactions	Intrinsic Value of Unexercised Remaining In-The Contractual Money Exercise Life Options Shares Price* (in years)* (in 000’s) Options outstanding and exercisable at December 31, 2015 $ $ Exercised Expired $ Options outstanding and exercisable at September 30, 2016 $ $ Intrinsic Value of Unexercised Remaining In-The Contractual Money Exercise Life Options Shares Price* (in years)* (in 000’s) Options outstanding and exercisable at December 31, 2014 $ $ — Expired $ Options outstanding and exercisable at September 30, 2015 88,762 $ $ — * Weighted average

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2016
Securities
Summary of available for sale securities	September 30, 2016 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. government agencies and corporations $ $ $ $ Mortgage-backed securities Obligations of states and political subdivisions $ $ $ $ December 31, 2015 Gross Gross Amortized Unrealized Unrealized (Dollars in thousands) Cost Gains Losses Fair Value U.S. government agencies and corporations $ $ — $ $ Mortgage-backed securities Obligations of states and political subdivisions $ $ $ $
Schedule of amortized cost and estimated fair value of securities, by contractual maturity date	September 30, 2016 Amortized (Dollars in thousands) Cost Fair Value Due in one year or less $ $ Due after one year through five years Due after five years through ten years Due after ten years $ $
Schedule of securities in an unrealized loss position	Securities in an unrealized loss position at September 30, 2016, by duration of the period of the unrealized loss, are shown below. Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Loss Value Loss Value Loss U.S. government agencies and corporations $ $ $ — $ — $ $ Mortgage-backed securities Obligations of states and political subdivisions Total temporarily impaired securities $ $ $ $ $ $ Securities in an unrealized loss position at December 31, 2015, by duration of the period of the unrealized loss, are shown below. Less Than 12 Months 12 Months or More Total Fair Unrealized Fair Unrealized Fair Unrealized (Dollars in thousands) Value Loss Value Loss Value Loss U.S. government agencies and corporations $ $ $ $ $ $ Mortgage-backed securities Obligations of states and political subdivisions Total temporarily impaired securities $ $ $ $ $ $

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2016
Loans
Summary of major classifications of loans	September 30, December 31, (Dollars in thousands) 2016 2015 Real estate – residential mortgage $ $ Real estate – construction 1 Commercial, financial and agricultural 2 Equity lines Consumer Consumer finance Less allowance for loan losses Loans, net $ $ 1 Includes the Corporation's real estate construction lending and consumer real estate lot lending. 2 Includes the Corporation’s commercial real estate lending, land acquisition and development lending, builder line lending and commercial business lending.
Schedule of acquired loans	September 30, 2016 December 31, 2015 Acquired Loans - Acquired Loans - Acquired Loans - Acquired Loans - Purchased Purchased Acquired Loans - Purchased Purchased Acquired Loans - (Dollars in thousands) Credit Impaired Performing Total Credit Impaired Performing Total Outstanding principal balance $ $ $ $ $ $ Carrying amount Real estate – residential mortgage $ $ $ $ $ $ Commercial, financial and agricultural 1 Equity lines Consumer — — Total acquired loans $ $ $ $ $ $ 1 Includes acquired loans classified by the Corporation as commercial real estate lending, land acquisition and development lending, builder line lending and commercial business lending.
Schedule of loans on nonaccrual status	September 30, December 31, (Dollars in thousands) 2016 2015 Real estate – residential mortgage $ $ Real estate – construction: Construction lending — — Consumer lot lending — — Commercial, financial and agricultural: Commercial real estate lending Land acquisition and development lending — — Builder line lending — Commercial business lending Equity lines Consumer Consumer finance Total loans on nonaccrual status $ $
Schedule of past due status of loans	The past due status of loans as of September 30, 2016 was as follows: 90+ Days 30 - 59 Days 60 - 89 Days 90+ Days Total Past Due and (Dollars in thousands) Past Due Past Due Past Due Past Due PCI Current 1 Total Loans Accruing Real estate – residential mortgage $ $ $ $ $ $ $ $ — Real estate – construction: Construction lending — — — — — — Consumer lot lending — — — — — — Commercial, financial and agricultural: Commercial real estate lending Land acquisition and development lending — — — Builder line lending — — — Commercial business lending — Equity lines — — Consumer — — — Consumer finance — — Total $ $ $ $ $ $ $ $ 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. The table above includes the following: · nonaccrual loans that are current of $3.03 million, 30-59 days past due of $643,000, 60-89 days past due of $397,000 and 90+ days past due of $1.53 million. · performing loans purchased in the acquisition of CVB that are current of $55.95 million, 30-59 days past due of $171,000, and 60-89 days past due of $223,000. The past due status of loans as of December 31, 2015 was as follows: 90+ Days 30 - 59 Days 60 - 89 Days 90+ Days Total Past Due and (Dollars in thousands) Past Due Past Due Past Due Past Due PCI Current 1 Total Loans Accruing 2 Real estate – residential mortgage $ $ $ $ $ $ $ $ Real estate – construction: Construction lending — — — — — — Consumer lot lending — — — — — — Commercial, financial and agricultural: Commercial real estate lending Land acquisition and development lending — — — — — — Builder line lending — — — — Commercial business lending Equity lines — — Consumer — — Consumer finance — — Total $ $ $ $ $ $ $ $ 1 For the purposes of the table above, “Current” includes loans that are 1-29 days past due. 2 Includes purchased credit impaired (PCI) loans of $172,000. The table above includes the following: · nonaccrual loans that are current of $3.17 million, 30-59 days past due of $377,000, 60‑89 days past due of $887,000 and 90+ days past due of $2.55 million. · performing loans purchased in the acquisition of CVB that are current of $66.37 million, 30-59 days past due of $270,000, 60-89 days past due of $0 and 90+ days past due of $378,000.
Schedule of loan modifications classified as TDRs	Three Months Ended September 30, 2016 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Number of Recorded Recorded Number of Recorded Recorded (Dollars in thousands) Loans Investment Investment Loans Investment Investment Real estate – residential mortgage – interest rate concession $ $ $ $ Commercial, financial and agricultural: Commercial real estate lending – interest rate concession — — — Consumer – interest rate concession — — — Total $ $ $ $ Nine Months Ended September 30, 2016 2015 Pre- Post- Pre- Post- Modification Modification Modification Modification Number of Recorded Recorded Number of Recorded Recorded (Dollars in thousands) Loans Investment Investment Loans Investment Investment Real estate – residential mortgage – interest rate concession $ $ $ $ Commercial, financial and agricultural: Commercial real estate lending – interest rate concession Commercial business lending – interest rate concession Commercial business lending – term concession — — — Consumer – interest rate concession Total $ $ $ $
Impaired financing receivables, including TDR loans	Impaired loans, which consisted solely of TDRs, and the related allowance at September 30, 2016 were as follows: Recorded Recorded Investment Investment Average Unpaid in Loans in Loans Balance- Interest Principal without with Related Impaired Income (Dollars in thousands) Balance Specific Reserve Specific Reserve Allowance Loans Recognized Real estate – residential mortgage $ $ $ $ $ $ Commercial, financial and agricultural: Commercial real estate lending Commercial business lending — Equity lines — — Consumer — Total $ $ $ $ $ $ Impaired loans, which consisted solely of TDRs, and the related allowance at December 31, 2015 were as follows: Recorded Recorded Investment Investment Average Unpaid in Loans in Loans Balance- Interest Principal without with Related Impaired Income (Dollars in thousands) Balance Specific Reserve Specific Reserve Allowance Loans Recognized Real estate – residential mortgage $ $ $ $ $ $ Commercial, financial and agricultural: Commercial real estate lending Commercial business lending — Equity lines — — Consumer — Total $ $ $ $ $ $
Summary of change in the accretable yield of acquired loan portfolio	September 30, (Dollars in thousands) 2016 2015 Accretable yield, balance at beginning of period $ $ Accretion Reclassification of nonaccretable difference due to improvement in expected cash flows Other changes, net Accretable yield, balance at end of period $ $

Allowance for Loan Losses (Tabl

Allowance for Loan Losses (Tables)	9 Months Ended
	Sep. 30, 2016
Allowance for Loan Losses
Schedule of changes in the allowance for loan losses	The following table presents the changes in the allowance for loan losses by major classification during the nine months ended September 30, 2016. Real Estate Commercial, Residential Real Estate Financial & Equity Consumer (Dollars in thousands) Mortgage Construction Agricultural Lines Consumer Finance Total Allowance for loan losses: Balance at December 31, 2015 $ $ $ $ $ $ $ Provision charged (credited) to operations Loans charged off — Recoveries of loans previously charged off — — Balance at September 30, 2016 $ $ $ $ $ $ $ The following table presents the changes in the allowance for loan losses by major classification during the nine months ended September 30, 2015. Real Estate Commercial, Residential Real Estate Financial & Equity Consumer (Dollars in thousands) Mortgage Construction Agricultural Lines Consumer Finance Total Allowance for loan losses: Balance at December 31, 2014 $ $ $ $ $ $ $ Provision charged (credited) to operations Loans charged off — — Recoveries of loans previously charged off — — Balance at September 30, 2015 $ $ $ $ $ $ $
Schedule of total allowance for loan losses, allowance by impairment methodology, and total loans and loans by impairment methodology	The following table presents, as of September 30, 2016, the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment, collectively evaluated for impairment or PCI loans), the total loans and loans by impairment methodology (individually evaluated for impairment, collectively evaluated for impairment or PCI loans). Real Estate Commercial, Residential Real Estate Financial & Equity Consumer (Dollars in thousands) Mortgage Construction Agricultural Lines Consumer Finance Total Allowance for loan losses: Ending balance at September 30, 2016 $ $ $ $ $ $ $ Ending balance: individually evaluated for impairment $ $ — $ $ — $ $ — $ Ending balance: collectively evaluated for impairment $ $ $ $ $ $ $ Ending balance: acquired loans - PCI $ — $ — $ $ — $ — $ — $ Loans: Ending balance at September 30, 2016 $ $ $ $ $ $ $ Ending balance: individually evaluated for impairment $ $ — $ $ $ $ — $ Ending balance: collectively evaluated for impairment $ $ $ $ $ $ $ Ending balance: acquired loans - PCI $ $ — $ $ $ — $ — $ The following table presents, as of December 31, 2015, the total allowance for loan losses, the allowance by impairment methodology (individually evaluated for impairment,collectively evaluated for impairment, or PCI loans), the total loans and loans by impairment methodology (individually evaluated for impairment, collectively evaluated for impairment or PCI loans). Real Estate Commercial, Residential Real Estate Financial & Equity Consumer (Dollars in thousands) Mortgage Construction Agricultural Lines Consumer Finance Total Allowance for loan losses: Ending balance at December 31, 2015 $ $ $ $ $ $ $ Ending balance: individually evaluated for impairment $ $ — $ $ — $ $ — $ Ending balance: collectively evaluated for impairment $ $ $ $ $ $ $ Ending balance: acquired loans - PCI $ — $ — $ $ — $ — $ — $ Loans: Ending balance at December 31, 2015 $ $ $ $ $ $ $ Ending balance: individually evaluated for impairment $ $ — $ $ $ $ — $ Ending balance: collectively evaluated for impairment $ $ $ $ $ $ $ Ending balance: acquired loans - PCI $ $ — $ $ $ — $ — $
Schedule of loans by credit quality indicators	Loans by credit quality indicators as of September 30, 2016 were as follows: Special Substandard (Dollars in thousands) Pass Mention Substandard Nonaccrual Total 1 Real estate – residential mortgage $ $ $ $ $ Real estate – construction: Construction lending — — — Consumer lot lending — — — Commercial, financial and agricultural: Commercial real estate lending Land acquisition and development lending — Builder line lending — Commercial business lending Equity lines Consumer $ $ $ $ $ 1 At September 30, 2016, the Corporation did not have any loans classified as Doubtful or Loss. Included in the table above are loans purchased in connection with the acquisition of CVB of $58.12 million pass rated, $4.67 million special mention, $4.10 million substandard and $187,000 substandard nonaccrual. Non- (Dollars in thousands) Performing Performing Total Consumer finance $ $ $ Loans by credit quality indicators as of December 31, 2015 were as follows: Special Substandard (Dollars in thousands) Pass Mention Substandard Nonaccrual Total 1 Real estate – residential mortgage $ $ $ $ $ Real estate – construction: Construction lending — — Consumer lot lending — — — Commercial, financial and agricultural: Commercial real estate lending Land acquisition and development lending — Builder line lending Commercial business lending Equity lines Consumer $ $ $ $ $ 1 At December 31, 2015, the Corporation did not have any loans classified as Doubtful or Loss. Included in the table above are loans purchased in connection with the acquisition of CVB of $71.14 million pass rated, $4.09 million special mention, $5.15 million substandard and $542,000 substandard nonaccrual. Non- (Dollars in thousands) Performing Performing Total Consumer finance $ $ $

Shareholders' Equity, and Earni

Shareholders' Equity, and Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2016
Shareholders’ Equity and Earnings Per Common Share
Schedule of the components of accumulated other comprehensive income (loss), net of deferred taxes	September 30, December 31, (Dollars in thousands) 2016 2015 Net unrealized gains on securities $ $ Net unrecognized loss on cash flow hedges Net unrecognized losses on defined benefit plan Total accumulated other comprehensive income $ $
Schedule of components earnings per common share calculations	Three Months Ended September 30, (Dollars in thousands) 2016 2015 Net income $ $ Weighted average number of common shares used in earnings per common share—basic Effect of dilutive securities: Stock option awards — Weighted average number of common shares used in earnings per common share—assuming dilution Nine Months Ended September 30, (Dollars in thousands) 2016 2015 Net income $ $ Weighted average number of common shares used in earnings per common share—basic Effect of dilutive securities: Stock option awards Weighted average number of common shares used in earnings per common share—assuming dilution

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Employee Benefit Plans
Schedule of net periodic benefit costs	Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2016 2015 2016 2015 Components of net periodic benefit cost: Service cost $ $ $ $ Interest cost Expected return on plan assets Amortization of prior service cost Recognized net actuarial loss Net periodic benefit cost $ $ $ $

Fair Value of Assets and Liab27

Fair Value of Assets and Liabilities (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value of Assets and Liabilities
Schedule of financial assets measured at fair value on a recurring basis	September 30, 2016 Fair Value Measurements Using Assets/Liabilities at (Dollars in thousands) Level 1 Level 2 Level 3 Fair Value Assets: Securities available for sale U.S. government agencies and corporations $ — $ $ — $ Mortgage-backed securities — — Obligations of states and political subdivisions — — Total securities available for sale — — Loans held for sale — — Derivative asset - IRLC — — Derivative asset - interest rate swaps on loans — — Total assets $ — $ $ — $ Liabilities: Derivative liability - cash flow hedges $ — $ $ — $ Derivative liability - interest rate swaps on loans — — Total liabilities $ — $ $ — $ December 31, 2015 Fair Value Measurements Using Assets/Liabilities at (Dollars in thousands) Level 1 Level 2 Level 3 Fair Value Assets: Securities available for sale U.S. government agencies and corporations $ — $ $ — $ Mortgage-backed securities — — Obligations of states and political subdivisions — — Total securities available for sale — — Loans held for sale — — Derivative asset - IRLC — — Total assets $ — $ $ — $ Liabilities: Derivative liability - cash flow hedges $ — $ $ — $
Schedule of financial assets measured at fair value on a nonrecurring basis	September 30, 2016 Fair Value Measurements Using Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Impaired loans, net $ — $ — $ $ Other real estate owned, net — — Total $ — $ — $ $ December 31, 2015 Fair Value Measurements Using Assets at Fair (Dollars in thousands) Level 1 Level 2 Level 3 Value Impaired loans, net $ — $ — $ $ Other real estate owned, net — — Total $ — $ — $ $
Schedule of quantitative information about Level 3 fair value measurements for financial assets measured at fair value on a non-recurring basis	Fair Value Measurements at September 30, 2016 (Dollars in thousands) Fair Value Valuation Technique(s) Unobservable Inputs Range of Inputs Impaired loans, net $ Appraisals Discount to reflect current market conditions and estimated selling costs 0% - 50% Other real estate owned, net Appraisals Discount to reflect current market conditions and estimated selling costs 0% - 67% Total $
Schedule of carrying amounts and estimated fair values of financial instruments	Carrying Fair Value Measurements at September 30, 2016 Using Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ $ $ — $ — $ Securities available for sale — — Loans, net — — Loans held for sale — — Derivative asset - IRLC — — Derivative asset - interest rate swaps on loans — — Bank-owned life insurance — — Accrued interest receivable — — Financial liabilities: Demand deposits $ $ $ — $ — $ Time deposits — — Borrowings — — Derivative liability - cash flow hedges — — Derivative liability - interest rate swaps on loans — — Accrued interest payable — — Carrying Fair Value Measurements at December 31, 2015 Using Total Fair (Dollars in thousands) Value Level 1 Level 2 Level 3 Value Financial assets: Cash and short-term investments $ $ $ — $ — $ Securities available for sale — — Loans, net — — Loans held for sale — — Derivative asset - IRLC — — Bank-owned life insurance — — Accrued interest receivable — — Financial liabilities: Demand deposits $ $ $ — $ — $ Time deposits — — Borrowings — — Derivative liability - cash flow hedges — — Accrued interest payable — —

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2016
Business Segments
Schedule of segment reporting information, by segment	Three Months Ended September 30, 2016 Retail Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Revenues: Interest income $ $ $ $ $ $ Gains on sales of loans — — — — Other noninterest income — Total operating income Expenses: Provision for loan losses — — — — Interest expense Salaries and employee benefits — Other noninterest expenses — Total operating expenses Income (loss) before income taxes — Income tax expense (benefit) — Net income (loss) $ $ $ $ $ — $ Total assets $ $ $ $ $ $ Goodwill $ $ — $ $ — $ — $ Capital expenditures $ $ $ $ — $ — $ Three Months Ended September 30, 2015 Retail Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Revenues: Interest income $ $ $ $ — $ $ Gains on sales of loans — — — — Other noninterest income — Total operating income Expenses: Provision for loan losses — — — Interest expense Salaries and employee benefits — Other noninterest expenses — Total operating expenses Income (loss) before income taxes — Income tax expense (benefit) — Net income (loss) $ $ $ $ $ — $ Total assets $ $ $ $ $ $ Goodwill $ $ — $ $ — $ — $ Capital expenditures $ $ $ $ $ — $ Nine Months Ended September 30, 2016 Retail Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Revenues: Interest income $ $ $ $ $ $ Gains on sales of loans — — — — Other noninterest income — Total operating income Expenses: Provision for loan losses — — — — Interest expense Salaries and employee benefits — Other noninterest expenses — Total operating expenses Income (loss) before income taxes — Income tax expense (benefit) — Net income (loss) $ $ $ $ $ — $ Total assets $ $ $ $ $ $ Goodwill $ $ — $ $ — $ — $ Capital expenditures $ $ $ $ — $ — $ Nine Months Ended September 30, 2015 Retail Mortgage Consumer (Dollars in thousands) Banking Banking Finance Other Eliminations Consolidated Revenues: Interest income $ $ $ $ — $ $ Gains on sales of loans — — — — Other noninterest income — Total operating income Expenses: Provision for loan losses — — — Interest expense Salaries and employee benefits — Other noninterest expenses — Total operating expenses Income (loss) before income taxes — Income tax expense (benefit) — Net income (loss) $ $ $ $ $ — $ Total assets $ $ $ $ $ $ Goodwill $ $ — $ $ — $ — $ Capital expenditures $ $ $ $ $ — $

Commitments and Financial Ins29

Commitments and Financial Instruments with Off-Balance-Sheet Risk (Tables)	9 Months Ended
	Sep. 30, 2016
Commitments and Financial Instruments with Off-Balance-Sheet Risk
Schedule of allowance for indemnifications losses	Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2016 2015 2016 2015 Allowance, beginning of period $ $ $ $ Provision for indemnification losses Payments — Allowance, end of period $ $ $ $

Other Noninterest Expenses (Tab

Other Noninterest Expenses (Tables)	9 Months Ended
	Sep. 30, 2016
Other Noninterest Expenses
Schedule of other noninterest expense	Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2016 2015 2016 2015 Data processing expenses $ $ $ $ Professional fees Marketing and advertising expenses Travel and educational expenses Telecommunication expenses All other noninterest expenses Total other noninterest expenses $ $ $ $

Summary of Significant Accoun31

Summary of Significant Accounting Policies - Basis of Presentation (Details)	9 Months Ended
	Sep. 30, 2016subsidiary
C&F Bank
Nature of Operations
Number of wholly owned subsidiaries	5
CVB Title Services, Inc.
Nature of Operations
Number of insurance-related limited liability companies in which an ownership interest is held	2

Summary of Significant Accoun32

Summary of Significant Accounting Policies - Share-Based Compensation (Details) - Restricted Stock	3 Months Ended	9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2016USD ($)
Share-based compensation
Compensation expense before tax	$ 299,000	$ 914,000
Compensation expense after tax	185,000	567,000
Unrecognized compensation expense	$ 2,500,000	$ 2,500,000

Summary of Significant Accoun33

Summary of Significant Accounting Policies - Restricted Stock Activity (Details) - Restricted Stock - $ / shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Shares
Unvested, beginning of period (in shares)	137,200	135,600
Granted (in shares)	17,365	16,700
Vested (in shares)	(11,500)	(12,600)
Forfeited	(1,650)	(5,075)
Unvested, end of period (in shares)	141,415	134,625
Weighted average grant date fair value
Unvested, beginning of period (in dollars per share)	$ 36.50	$ 34.34
Granted (in dollars per share)	38.42	37.72
Vested (in dollars per share)	30.33	25.78
Forfeited (in dollars per share)	39.31	44.44
Unvested, end of period (in dollars per share)	$ 37.20	$ 35.18

Summary of Significant Accoun34

Summary of Significant Accounting Policies - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Shares
Options outstanding at beginning of period (in shares)	24,000	100,762	100,762
Exercised (in Shares)	(6,400)
Expired (in shares)	(12,000)	(12,000)
Options outstanding at end of period (in shares)	5,600	88,762	24,000	100,762
Exercisable at end of year (in shares)	5,600	88,762	24,000	100,762
Exercise Price
Options outstanding at beginning of year (in dollars per share)	$ 38.39	$ 37.75	$ 37.75
Exercised (in dollars per share)	37.17
Expired (in dollars per share)	39.60	35.20
Options outstanding at end of year (in dollars per share)	37.17	38.10	38.39	$ 37.75
Exercisable at end of year	$ 37.17	$ 38.10	$ 38.39	$ 37.75
Additional information
Remaining Contractual Life - Outstanding Options (in years)	7 months 6 days	6 months	9 months 18 days	10 months 24 days
Remaining Contractual Life - Exercisable Options - (in years)	7 months 6 days	6 months	9 months 18 days	10 months 24 days
Intrinsic value of unexercised in-the-money options - Outstanding Options (in dollars)	$ 33		$ 22
Intrinsic value of unexercised in-the-money options - Exercisable Options (in dollars)	$ 33		$ 22

Securities - Available for sale

Securities - Available for sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Available for sale debt and equity securities
Amortized Cost	$ 198,678	$ 214,105
Gross Unrealized Gains	6,628	6,153
Gross Unrealized Losses	(74)	(782)
Fair Value	205,232	219,476
U.S. government agencies and corporations
Available for sale debt and equity securities
Amortized Cost	14,032	18,759
Gross Unrealized Gains	22
Gross Unrealized Losses	(2)	(258)
Fair Value	14,052	18,501
Mortgage-backed securities
Available for sale debt and equity securities
Amortized Cost	68,870	76,957
Gross Unrealized Gains	1,493	513
Gross Unrealized Losses	(3)	(443)
Fair Value	70,360	77,027
Obligations of states and political subdivisions
Available for sale debt and equity securities
Amortized Cost	115,776	118,389
Gross Unrealized Gains	5,113	5,640
Gross Unrealized Losses	(69)	(81)
Fair Value	$ 120,820	$ 123,948

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)security	Sep. 30, 2015USD ($)security	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)security	Dec. 31, 2015USD ($)
Amortized Cost
Due in one year or less	$ 26,880		$ 26,880
Due after one year through five years	137,448		137,448
Due after five years through ten years	24,905		24,905
Due after ten years	9,445		9,445
Amortized Cost	198,678		198,678		$ 214,105
Estimated Fair Value
Due in one year or less	27,169		27,169
Due after one year through five years	142,067		142,067
Due after five years through ten years	25,817		25,817
Due after ten years	10,179		10,179
Fair Value	205,232		205,232		$ 219,476
Proceeds from sales and maturities and related gains and losses
Proceeds from maturities and calls of securities available for sale	16,770	$ 7,520	47,400	$ 24,400
Gross realized gains from maturities and calls of securities available for sale	$ 3	$ 22	13	$ 25
Proceeds from sales of securities available for sale			897
Gross realized gains from sales of securities available for sale			61
Gross realized losses from sales of securities available for sale			$ 26
Number of available-for-sale securities sold | security	0	0		0

Securities - Pledged as Collate

Securities - Pledged as Collateral (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Securities pledged
Amortized Cost	$ 198,678	$ 214,105
Fair Value	205,232	219,476
Securities Pledged as Collateral
Securities pledged
Amortized Cost	83,530	91,930
Fair Value	$ 86,800	$ 95,130

Securities - Unrealized Loss Po

Securities - Unrealized Loss Positions (Details)	9 Months Ended
	Sep. 30, 2016USD ($)security	Dec. 31, 2015USD ($)
Fair value
Less Than 12 Months, Fair Value	$ 12,071,000	$ 41,772,000
12 Months or More, Fair Value	2,629,000	15,889,000
Total Fair Value	14,700,000	57,661,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	55,000	498,000
12 Months or More, Unrealized Loss	19,000	284,000
Total Unrealized Loss	$ 74,000	782,000
Other information
Number of positions considered temporarily impaired | security	35
Other than temporary impairment	$ 0
U.S. government agencies and corporations
Fair value
Less Than 12 Months, Fair Value	3,076,000	9,530,000
12 Months or More, Fair Value		8,971,000
Total Fair Value	3,076,000	18,501,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	2,000	69,000
12 Months or More, Unrealized Loss		189,000
Total Unrealized Loss	2,000	258,000
Mortgage-backed securities
Fair value
Less Than 12 Months, Fair Value	903,000	27,085,000
12 Months or More, Fair Value	703,000	2,252,000
Total Fair Value	1,606,000	29,337,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	1,000	397,000
12 Months or More, Unrealized Loss	2,000	46,000
Total Unrealized Loss	3,000	443,000
Obligations of states and political subdivisions
Fair value
Less Than 12 Months, Fair Value	8,092,000	5,157,000
12 Months or More, Fair Value	1,926,000	4,666,000
Total Fair Value	10,018,000	9,823,000
Unrealized Loss
Less Than 12 Months, Unrealized Loss	52,000	32,000
12 Months or More, Unrealized Loss	17,000	49,000
Total Unrealized Loss	$ 69,000	$ 81,000
Standard & Poor's, A Rating
Other information
Percentage of portfolio with rating	98.00%

Securities - Restricted Stocks

Securities - Restricted Stocks (Details) - USD ($)	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Securities
Restricted stocks, at cost	$ 3,403,000	$ 3,345,000
FHLB stock	3,260,000
CBB stock	145,000
Restricted stocks, other-than-temporary impairment	$ 0

Loans - Major Classifications o

Loans - Major Classifications of Loans (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Loans
Loans	$ 972,668	$ 901,461
Less allowance for loan losses	(37,070)	(35,569)
Loans, net	935,598	865,892
Real estate - residential mortgage
Loans
Loans	185,451	186,763
Real estate - construction
Loans
Loans	33,283	7,759
Commercial, financial and agricultural
Loans
Loans	390,863	356,062
Equity lines
Loans
Loans	50,278	50,111
Consumer Loan
Loans
Loans	8,636	9,011
Amount included related to demand deposit overdrafts	286	266
Consumer Finance
Loans
Loans	$ 304,157	$ 291,755

Loans - Loans Acquired (Details

Loans - Loans Acquired (Details) - CVBK - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Loans
Outstanding principal balance	$ 81,107	$ 96,694
Carrying amount
Acquired Loans	67,084	80,930
Real estate - residential mortgage
Carrying amount
Acquired Loans	14,951	16,783
Commercial, financial and agricultural
Carrying amount
Acquired Loans	39,568	49,604
Equity lines
Carrying amount
Acquired Loans	12,433	14,255
Consumer Loan
Carrying amount
Acquired Loans	132	288
PCI Loans
Loans
Outstanding principal balance	21,581	25,701
Carrying amount
Acquired Loans	10,741	13,908
PCI Loans | Real estate - residential mortgage
Carrying amount
Acquired Loans	1,225	1,305
PCI Loans | Commercial, financial and agricultural
Carrying amount
Acquired Loans	9,239	12,317
PCI Loans | Equity lines
Carrying amount
Acquired Loans	277	286
Purchased Performing Loans
Loans
Outstanding principal balance	59,526	70,993
Carrying amount
Acquired Loans	56,343	67,022
Purchased Performing Loans | Real estate - residential mortgage
Carrying amount
Acquired Loans	13,726	15,478
Purchased Performing Loans | Commercial, financial and agricultural
Carrying amount
Acquired Loans	30,329	37,287
Purchased Performing Loans | Equity lines
Carrying amount
Acquired Loans	12,156	13,969
Purchased Performing Loans | Consumer Loan
Carrying amount
Acquired Loans	$ 132	$ 288

Loans - Loans on Nonaccrual Sta

Loans - Loans on Nonaccrual Status (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Loans on nonaccrual status
Loans on nonaccrual status	$ 4,808	$ 6,987
Real estate - residential mortgage
Loans on nonaccrual status
Loans on nonaccrual status	1,747	2,297
Commercial, financial and agricultural | Commercial real estate lending
Loans on nonaccrual status
Loans on nonaccrual status	1,656	2,515
Commercial, financial and agricultural | Builder line lending
Loans on nonaccrual status
Loans on nonaccrual status		359
Commercial, financial and agricultural | Commercial business lending
Loans on nonaccrual status
Loans on nonaccrual status	142	86
Equity lines
Loans on nonaccrual status
Loans on nonaccrual status	765	881
Consumer Loan
Loans on nonaccrual status
Loans on nonaccrual status	3	19
Consumer Finance
Loans on nonaccrual status
Loans on nonaccrual status	$ 495	$ 830

Loans - Past Due Status (Detail

Loans - Past Due Status (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Loans on nonaccrual status
Total Past Due	$ 20,683	$ 24,656
Current	941,244	862,897
Total Loans	972,668	901,461
90+ days past due and accruing	1,092	761
Additional disclosure for nonaccrual loans
Current, nonaccrual status	3,030	3,170
Nonaccrual loans, 30-59 days past due	643	377
Nonaccrual loans, 60-89 days past due	397	887
Nonaccrual loans, 90+ days past due	1,530	2,550
PCI
Loans on nonaccrual status
PCI	10,741	13,908
30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	15,362	17,740
60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	3,221	3,778
90+ Days Past Due
Loans on nonaccrual status
Total Past Due	2,100	3,138
Real estate - residential mortgage
Loans on nonaccrual status
Total Past Due	1,231	1,457
Current	182,995	184,001
Total Loans	185,451	186,763
90+ days past due and accruing		268
Real estate - residential mortgage | PCI
Loans on nonaccrual status
PCI	1,225	1,305
Real estate - residential mortgage | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	678	737
Real estate - residential mortgage | 60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	206	146
Real estate - residential mortgage | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due	347	574
Equity lines
Loans on nonaccrual status
Total Past Due	249	990
Current	49,752	48,835
Total Loans	50,278	50,111
Equity lines | PCI
Loans on nonaccrual status
PCI	277	286
Equity lines | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	169	378
Equity lines | 60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	80
Equity lines | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due		612
Consumer Loan
Loans on nonaccrual status
Total Past Due	125	105
Current	8,511	8,906
Total Loans	8,636	9,011
Consumer Loan | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	122	84
Consumer Loan | 60-89 Days Past Due
Loans on nonaccrual status
Total Past Due		2
Consumer Loan | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due	3	19
Consumer Finance
Loans on nonaccrual status
Total Past Due	12,529	18,140
Current	291,628	273,615
Total Loans	304,157	291,755
Consumer Finance | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	10,587	15,046
Consumer Finance | 60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	1,447	2,264
Consumer Finance | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due	495	830
Construction Lending | Real estate - construction
Loans on nonaccrual status
Current	25,873	5,996
Total Loans	25,873	5,996
Consumer lot lending | Real estate - construction
Loans on nonaccrual status
Current	7,410	1,763
Total Loans	7,410	1,763
Commercial real estate lending | Commercial, financial and agricultural
Loans on nonaccrual status
Total Past Due	5,757	3,178
Current	226,052	204,079
Total Loans	239,291	217,616
90+ days past due and accruing	455	172
Commercial real estate lending | Commercial, financial and agricultural | PCI
Loans on nonaccrual status
PCI	7,482	10,359
Commercial real estate lending | Commercial, financial and agricultural | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	3,784	1,475
Commercial real estate lending | Commercial, financial and agricultural | 60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	1,439	1,280
Commercial real estate lending | Commercial, financial and agricultural | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due	534	423
Land acquisition and development lending | Commercial, financial and agricultural
Loans on nonaccrual status
Total Past Due	270
Current	60,079	46,311
Total Loans	60,349	46,311
90+ days past due and accruing	270
Land acquisition and development lending | Commercial, financial and agricultural | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due	270
Builder line lending | Commercial, financial and agricultural
Loans on nonaccrual status
Total Past Due	367	359
Current	22,132	20,612
Total Loans	22,499	20,971
90+ days past due and accruing	367
Builder line lending | Commercial, financial and agricultural | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due	367	359
Commercial business lending | Commercial, financial and agricultural
Loans on nonaccrual status
Total Past Due	155	427
Current	66,812	68,779
Total Loans	68,724	71,164
90+ days past due and accruing		321
Commercial business lending | Commercial, financial and agricultural | PCI
Loans on nonaccrual status
PCI	1,757	1,958
Commercial business lending | Commercial, financial and agricultural | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	22	20
Commercial business lending | Commercial, financial and agricultural | 60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	49	86
Commercial business lending | Commercial, financial and agricultural | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due	84	321
CVBK | 1-29 Days Past Due
Loans on nonaccrual status
Total Past Due	55,950	66,370
CVBK | 30-59 Days Past Due
Loans on nonaccrual status
Total Past Due	171	270
CVBK | 60-89 Days Past Due
Loans on nonaccrual status
Total Past Due	$ 223	0
CVBK | 90+ Days Past Due
Loans on nonaccrual status
Total Past Due		378
PCI Loans
Loans on nonaccrual status
90+ days past due and accruing		$ 172

Loans - Troubled Debt Restructu

Loans - Troubled Debt Restructurings (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)loan	Sep. 30, 2015USD ($)loan	Sep. 30, 2016USD ($)loan	Sep. 30, 2015USD ($)loan
Loan modifications classified as troubled debt restructurings
Number of Loans | loan	3,000	2,000	11,000	6,000
Pre-Modification Recorded Investment (in Dollars)	$ 439,000	$ 317,000	$ 1,779,000	$ 734,000
Post-Modification Recorded Investment (in Dollars)	440,000	$ 317,000	1,804,000	$ 734,000
Recorded Investment, TDR payment defaults	$ 0		$ 0
TDR payment default period			12 months
Period determining when a past due TDR becomes a subsequent default			90 days
Real estate - residential mortgage | Interest rate concession
Loan modifications classified as troubled debt restructurings
Number of Loans | loan	2	1	5	2
Pre-Modification Recorded Investment (in Dollars)	$ 343,000	$ 202,000	$ 1,136,000	$ 441,000
Post-Modification Recorded Investment (in Dollars)	$ 344,000	$ 202,000	$ 1,161,000	$ 441,000
Commercial, financial and agricultural | Commercial real estate lending | Interest rate concession
Loan modifications classified as troubled debt restructurings
Number of Loans | loan	1		3	1
Pre-Modification Recorded Investment (in Dollars)	$ 96,000		$ 227,000	$ 15,000
Post-Modification Recorded Investment (in Dollars)	$ 96,000		$ 227,000	$ 15,000
Commercial, financial and agricultural | Commercial business lending | Interest rate concession
Loan modifications classified as troubled debt restructurings
Number of Loans | loan			1	1
Pre-Modification Recorded Investment (in Dollars)			$ 100,000	$ 17,000
Post-Modification Recorded Investment (in Dollars)			$ 100,000	$ 17,000
Commercial, financial and agricultural | Commercial business lending | Term concession
Loan modifications classified as troubled debt restructurings
Number of Loans | loan			1
Pre-Modification Recorded Investment (in Dollars)			$ 25,000
Post-Modification Recorded Investment (in Dollars)			$ 25,000
Consumer Loan
Loan modifications classified as troubled debt restructurings
Number of Loans | loan			1	2
Pre-Modification Recorded Investment (in Dollars)			$ 291,000	$ 261,000
Post-Modification Recorded Investment (in Dollars)			$ 291,000	$ 261,000
Consumer Loan | Interest rate concession
Loan modifications classified as troubled debt restructurings
Number of Loans | loan		1
Pre-Modification Recorded Investment (in Dollars)		$ 115,000
Post-Modification Recorded Investment (in Dollars)		$ 115,000

Loans - Impaired Loans (Details

Loans - Impaired Loans (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Impaired loans
Impaired loans, Unpaid Principal Balance	$ 6,310	$ 5,688
Impaired loans, Recorded Investment in Loans without Specific Reserve	853	264
Impaired loans, Recorded Investment in Loans with Specific Reserve	5,071	5,080,000
Impaired loans, Related Allowance	785	849
Impaired loans, Average Balance	6,017	5,425
Impaired loans, Interest Income Recognized	127	141
Real estate - residential mortgage
Impaired loans
Impaired loans, Unpaid Principal Balance	3,560	2,828
Impaired loans, Recorded Investment in Loans without Specific Reserve	772	173
Impaired loans, Recorded Investment in Loans with Specific Reserve	2,656	2,516,000
Impaired loans, Related Allowance	364	360
Impaired loans, Average Balance	3,465	2,718
Impaired loans, Interest Income Recognized	88	97
Commercial, financial and agricultural | Commercial real estate lending
Impaired loans
Impaired loans, Unpaid Principal Balance	2,013	2,522
Impaired loans, Recorded Investment in Loans without Specific Reserve	51	61
Impaired loans, Recorded Investment in Loans with Specific Reserve	1,715	2,258,000
Impaired loans, Related Allowance	310	438
Impaired loans, Average Balance	1,799	2,361
Impaired loans, Interest Income Recognized	23	35
Commercial, financial and agricultural | Commercial business lending
Impaired loans
Impaired loans, Unpaid Principal Balance	185	99
Impaired loans, Recorded Investment in Loans with Specific Reserve	180	99,000
Impaired loans, Related Allowance	33	28
Impaired loans, Average Balance	200	108
Impaired loans, Interest Income Recognized	7	1
Equity lines
Impaired loans
Impaired loans, Unpaid Principal Balance	32	32
Impaired loans, Recorded Investment in Loans without Specific Reserve	30	30
Impaired loans, Average Balance	32	30
Impaired loans, Interest Income Recognized	1	1
Consumer Loan
Impaired loans
Impaired loans, Unpaid Principal Balance	520	207
Impaired loans, Recorded Investment in Loans with Specific Reserve	520	207,000
Impaired loans, Related Allowance	78	23
Impaired loans, Average Balance	521	208
Impaired loans, Interest Income Recognized	$ 8	$ 7

Loans - Change in Accretable Yi

Loans - Change in Accretable Yield (Details) - PCI Loans - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Change in the accretable yield
Accretable yield	$ 10,419	$ 13,488
Accretion	(1,731)	(2,047)
Reclassification of nonaccreatable difference due to improvement in expected cash flows	924	287
Other changes, net	(503)	(307)
Accretable yield	$ 9,109	$ 11,421

Allowance for Loan Losses - Cha

Allowance for Loan Losses - Change in Allowance for Loan Losses (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Changes in the allowance for loan losses
Balance at the beginning of period	$ 35,569	$ 35,606
Provision charged to operations	13,125	9,812
Loans charged off	(15,082)	(13,379)
Recoveries of loans previously charged off	3,458	3,687
Balance at the end of period	37,070	35,726
Real estate - residential mortgage
Changes in the allowance for loan losses
Balance at the beginning of period	2,471	2,313
Provision charged to operations	(293)	43
Loans charged off	(82)	(93)
Recoveries of loans previously charged off	93	243
Balance at the end of period	2,189	2,506
Real estate - construction
Changes in the allowance for loan losses
Balance at the beginning of period	94	434
Provision charged to operations	305	(340)
Balance at the end of period	399	94
Commercial, financial and agricultural
Changes in the allowance for loan losses
Balance at the beginning of period	7,755	7,744
Provision charged to operations	(85)	78
Loans charged off	(87)	(22)
Recoveries of loans previously charged off	200	24
Balance at the end of period	7,783	7,824
Equity lines
Changes in the allowance for loan losses
Balance at the beginning of period	1,052	812
Provision charged to operations	39	197
Loans charged off	(55)
Balance at the end of period	1,036	1,009
Consumer Loan
Changes in the allowance for loan losses
Balance at the beginning of period	243	211
Provision charged to operations	34	67
Loans charged off	(208)	(213)
Recoveries of loans previously charged off	200	231
Balance at the end of period	269	296
Consumer Finance
Changes in the allowance for loan losses
Balance at the beginning of period	23,954	24,092
Provision charged to operations	13,125	9,767
Loans charged off	(14,650)	(13,051)
Recoveries of loans previously charged off	2,965	3,189
Balance at the end of period	$ 25,394	$ 23,997

Allowance for Loan Losses - All

Allowance for Loan Losses - Allowance and Loans by Impairment Methodology (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Changes in the allowance for loan losses
Ending balance	$ 37,070	$ 35,569	$ 35,726	$ 35,606
Ending balance: individually evaluated for impairment	785	849
Ending balance, collectively evaluated for impairment	36,250	34,685
Loans:
Ending balance	972,668	901,461
Ending balance: individually evaluated for impairment	5,924	5,344
Ending balance: collectively evaluated for impairment	956,003	882,209
Real estate - residential mortgage
Changes in the allowance for loan losses
Ending balance	2,189	2,471	2,506	2,313
Ending balance: individually evaluated for impairment	364	360
Ending balance, collectively evaluated for impairment	1,825	2,111
Loans:
Ending balance	185,451	186,763
Ending balance: individually evaluated for impairment	3,428	2,689
Ending balance: collectively evaluated for impairment	180,798	182,769
Real estate - construction
Changes in the allowance for loan losses
Ending balance	399	94	94	434
Ending balance, collectively evaluated for impairment	399	94
Loans:
Ending balance	33,283	7,759
Ending balance: collectively evaluated for impairment	33,283	7,759
Commercial, financial and agricultural
Changes in the allowance for loan losses
Ending balance	7,783	7,755	7,824	7,744
Ending balance: individually evaluated for impairment	343	466
Ending balance, collectively evaluated for impairment	7,405	7,254
Loans:
Ending balance	390,863	356,062
Ending balance: individually evaluated for impairment	1,946	2,418
Ending balance: collectively evaluated for impairment	379,678	341,327
Equity lines
Changes in the allowance for loan losses
Ending balance	1,036	1,052	1,009	812
Ending balance, collectively evaluated for impairment	1,036	1,052
Loans:
Ending balance	50,278	50,111
Ending balance: individually evaluated for impairment	30	30
Ending balance: collectively evaluated for impairment	49,971	49,795
Consumer Loan
Changes in the allowance for loan losses
Ending balance	269	243	296	211
Ending balance: individually evaluated for impairment	78	23
Ending balance, collectively evaluated for impairment	191	220
Loans:
Ending balance	8,636	9,011
Ending balance: individually evaluated for impairment	520	207
Ending balance: collectively evaluated for impairment	8,116	8,804
Consumer Finance
Changes in the allowance for loan losses
Ending balance	25,394	23,954	$ 23,997	$ 24,092
Ending balance, collectively evaluated for impairment	25,394	23,954
Loans:
Ending balance	304,157	291,755
Ending balance: collectively evaluated for impairment	304,157	291,755
PCI
Changes in the allowance for loan losses
Ending balance	35	35
Loans:
Ending balance: acquired loans - purchase credit impaired	10,741	13,908
PCI | Real estate - residential mortgage
Loans:
Ending balance: acquired loans - purchase credit impaired	1,225	1,305
PCI | Commercial, financial and agricultural
Changes in the allowance for loan losses
Ending balance	35	35
Loans:
Ending balance: acquired loans - purchase credit impaired	9,239	12,317
PCI | Equity lines
Loans:
Ending balance: acquired loans - purchase credit impaired	$ 277	$ 286

Allowance for Loan Losses - Cre

Allowance for Loan Losses - Credit Quality Indicators (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Allowance for loan losses
Loans	$ 972,668	$ 901,461
Loans, excluding consumer finance	668,511	609,706
Pass
Allowance for loan losses
Loans, excluding consumer finance	626,586	563,666
Pass | CVBK
Allowance for loan losses
Loans	58,120
Loans, excluding consumer finance		71,140
Special Mention
Allowance for loan losses
Loans, excluding consumer finance	9,097	11,161
Special Mention | CVBK
Allowance for loan losses
Loans	4,670
Loans, excluding consumer finance		4,090
Substandard
Allowance for loan losses
Loans, excluding consumer finance	28,515	28,722
Substandard | CVBK
Allowance for loan losses
Loans	4,100
Loans, excluding consumer finance		5,150
Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	4,313	6,157
Substandard Nonaccrual | CVBK
Allowance for loan losses
Loans	187
Loans, excluding consumer finance		542
Real estate - residential mortgage
Allowance for loan losses
Loans	185,451	186,763
Loans, excluding consumer finance	185,451	186,763
Real estate - residential mortgage | Pass
Allowance for loan losses
Loans, excluding consumer finance	179,373	181,107
Real estate - residential mortgage | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	1,499	1,276
Real estate - residential mortgage | Substandard
Allowance for loan losses
Loans, excluding consumer finance	2,832	2,083
Real estate - residential mortgage | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	1,747	2,297
Real estate - construction
Allowance for loan losses
Loans	33,283	7,759
Real estate - construction | Construction Lending
Allowance for loan losses
Loans, excluding consumer finance	25,873	5,996
Real estate - construction | Construction Lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	25,873	5,924
Real estate - construction | Construction Lending | Special Mention
Allowance for loan losses
Loans, excluding consumer finance		72
Real estate - construction | Consumer lot lending
Allowance for loan losses
Loans, excluding consumer finance	7,410	1,763
Real estate - construction | Consumer lot lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	7,410	1,763
Commercial, financial and agricultural
Allowance for loan losses
Loans	390,863	356,062
Commercial, financial and agricultural | Commercial real estate lending
Allowance for loan losses
Loans, excluding consumer finance	239,291	217,616
Commercial, financial and agricultural | Commercial real estate lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	220,137	195,479
Commercial, financial and agricultural | Commercial real estate lending | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	5,643	6,089
Commercial, financial and agricultural | Commercial real estate lending | Substandard
Allowance for loan losses
Loans, excluding consumer finance	11,855	13,533
Commercial, financial and agricultural | Commercial real estate lending | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	1,656	2,515
Commercial, financial and agricultural | Land acquisition and development lending
Allowance for loan losses
Loans, excluding consumer finance	60,349	46,311
Commercial, financial and agricultural | Land acquisition and development lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	58,416	45,061
Commercial, financial and agricultural | Land acquisition and development lending | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	710	856
Commercial, financial and agricultural | Land acquisition and development lending | Substandard
Allowance for loan losses
Loans, excluding consumer finance	1,223	394
Commercial, financial and agricultural | Builder line lending
Allowance for loan losses
Loans, excluding consumer finance	22,499	20,971
Commercial, financial and agricultural | Builder line lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	21,569	19,252
Commercial, financial and agricultural | Builder line lending | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	563	829
Commercial, financial and agricultural | Builder line lending | Substandard
Allowance for loan losses
Loans, excluding consumer finance	367	531
Commercial, financial and agricultural | Builder line lending | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance		359
Commercial, financial and agricultural | Commercial business lending
Allowance for loan losses
Loans, excluding consumer finance	68,724	71,164
Commercial, financial and agricultural | Commercial business lending | Pass
Allowance for loan losses
Loans, excluding consumer finance	57,006	57,928
Commercial, financial and agricultural | Commercial business lending | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	44	1,306
Commercial, financial and agricultural | Commercial business lending | Substandard
Allowance for loan losses
Loans, excluding consumer finance	11,532	11,844
Commercial, financial and agricultural | Commercial business lending | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	142	86
Equity lines
Allowance for loan losses
Loans	50,278	50,111
Loans, excluding consumer finance	50,278	50,111
Equity lines | Pass
Allowance for loan losses
Loans, excluding consumer finance	48,699	48,392
Equity lines | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	632	617
Equity lines | Substandard
Allowance for loan losses
Loans, excluding consumer finance	182	221
Equity lines | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	765	881
Consumer Loan
Allowance for loan losses
Loans	8,636	9,011
Loans, excluding consumer finance	8,636	9,011
Consumer Loan | Pass
Allowance for loan losses
Loans, excluding consumer finance	8,103	8,760
Consumer Loan | Special Mention
Allowance for loan losses
Loans, excluding consumer finance	6	116
Consumer Loan | Substandard
Allowance for loan losses
Loans, excluding consumer finance	524	116
Consumer Loan | Substandard Nonaccrual
Allowance for loan losses
Loans, excluding consumer finance	$ 3	$ 19

Allowance for Loan Losses - Loa

Allowance for Loan Losses - Loans by Credit Quality Indicators - Performing and Non-Performing (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Allowance for loan losses
Loans	$ 972,668	$ 901,461
Consumer Finance
Allowance for loan losses
Loans	304,157	291,755
Consumer Finance | Performing
Allowance for loan losses
Loans	303,662	290,925
Consumer Finance | Nonperforming
Allowance for loan losses
Loans	$ 495	$ 830

Shareholders' Equity and Earn51

Shareholders' Equity and Earnings Per Common Share - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Shareholders’ Equity and Earnings Per Common Share
Deferred taxes included in AOCI	$ 900	$ 620
Net unrealized gains on securities	4,260	3,491
Net unrecognized loss on cash flow hedges	(390)	(107)
Net unrecognized losses on defined benefit plan	(2,168)	(2,213)
Total accumulated other comprehensive income	$ 1,702	$ 1,171

Shareholders' Equity, Other Com

Shareholders' Equity, Other Comprehensive Income and Earnings Per Common Share - Shareholders' Equity (Common Shares) (Details) - Common - shares	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Repurchase Program
Common stock
Shares repurchased	0	38,759
Restricted Stock Tax Withholding Repurchases
Common stock
Shares repurchased	3,990	3,281

Shareholders' Equity and Earn53

Shareholders' Equity and Earnings Per Common Share - Earnings Per Common Share (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Components of earnings per share calculations
Net income	$ 3,144	$ 3,477	$ 10,311	$ 10,223
Weighted average number of common shares used in earnings per common share – basic (in shares)	3,456,901	3,392,480	3,452,426	3,400,296
Effect of dilutive securities:
Stock option awards and warrant	1,898		1,465	141
Weighted average number of common shares used in earnings per common share – assuming dilution	3,458,799	3,392,480	3,453,891	3,400,437

Shareholders' Equity and Earn54

Shareholders' Equity and Earnings Per Common Share - Antidilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Stock options
Antidilutive securities
Antidilutive securities excluded from earnings per share	0	88,762	4,000	88,762

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Components of net periodic benefit cost
Service cost	$ 262	$ 267	$ 785	$ 801
Interest cost	130	117	390	351
Expected return on plan assets	(261)	(253)	(783)	(759)
Amortization of prior service cost	(15)	(14)	(45)	(42)
Recognized net actuarial loss	38	29	114	87
Net periodic benefit cost	$ 154	$ 146	$ 461	$ 438

Fair Value of Assets and Liab56

Fair Value of Assets and Liabilities - Financial Assets Measured at Fair Value on a Recurring Basis (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Securities available for sale
Securities available for sale	$ 205,232,000	$ 219,476,000
Interest rate lock commitments
Securities available for sale
Derivative asset	1,250,000
Interest Rate Swap | Cash Flow Hedges
Securities available for sale
Derivative asset	815,000
Liabilities:
Derivative liabilities	815,000
Recurring
Securities available for sale
Securities available for sale	205,232,000	219,476,000
Loans held for sale	66,689,000	44,000,000
Total assets measured at fair value	273,987,000	264,220,000
Recurring | Cash Flow Hedges
Liabilities:
Derivative liabilities	603,000
Recurring | Interest rate lock commitments
Securities available for sale
Derivative asset	1,251,000	744,000
Recurring | Interest Rate Swap
Securities available for sale
Derivative asset	815,000
Liabilities:
Derivative liabilities	815,000
Recurring | Interest Rate Swap | Cash Flow Hedges
Liabilities:
Derivative liabilities	1,418,000	175,000
Level 2 | Recurring
Securities available for sale
Securities available for sale	205,232,000	219,476,000
Loans held for sale	66,689,000	44,000,000
Total assets measured at fair value	273,987,000	264,220,000
Level 2 | Recurring | Cash Flow Hedges
Liabilities:
Derivative liabilities	603,000
Level 2 | Recurring | Interest rate lock commitments
Securities available for sale
Derivative asset	1,251,000	744,000
Level 2 | Recurring | Interest Rate Swap
Securities available for sale
Derivative asset	815,000
Liabilities:
Derivative liabilities	815,000
Level 2 | Recurring | Interest Rate Swap | Cash Flow Hedges
Liabilities:
Derivative liabilities	1,418,000	175,000
U.S. government agencies and corporations
Securities available for sale
Securities available for sale	14,052,000	18,501,000
U.S. government agencies and corporations | Recurring
Securities available for sale
Securities available for sale	14,052,000	18,501,000
U.S. government agencies and corporations | Level 2 | Recurring
Securities available for sale
Securities available for sale	14,052,000	18,501,000
Mortgage-backed securities
Securities available for sale
Securities available for sale	70,360,000	77,027,000
Mortgage-backed securities | Recurring
Securities available for sale
Securities available for sale	70,360,000	77,027,000
Mortgage-backed securities | Level 2 | Recurring
Securities available for sale
Securities available for sale	70,360,000	77,027,000
Obligations of states and political subdivisions
Securities available for sale
Securities available for sale	120,820,000	123,948,000
Obligations of states and political subdivisions | Recurring
Securities available for sale
Securities available for sale	120,820,000	123,948,000
Obligations of states and political subdivisions | Level 2 | Recurring
Securities available for sale
Securities available for sale	$ 120,820,000	$ 123,948,000

Fair Value of Assets and Liab57

Fair Value of Assets and Liabilities - Financial Assets Measured at Fair Value on Non-Recurring Basis (Details) - Nonrecurring - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Fair value assets and liabilities - Nonrecurring Basis
Value above which impaired loans are valued using either the present value of expected future cash flows or fair value of the collateral	$ 500,000
Value below which loans are valued using the present value of expected future cash flows discounted at the loan's effective interest rate	500,000
Financial assets measured at fair value on a non-recurring basis	1,978,000	$ 2,895,000
Impaired loans, net
Fair value assets and liabilities - Nonrecurring Basis
Financial assets measured at fair value on a non-recurring basis	1,479,000	1,953,000
Other real estate owned, net
Fair value assets and liabilities - Nonrecurring Basis
Financial assets measured at fair value on a non-recurring basis	499,000	942,000
Level 3
Fair value assets and liabilities - Nonrecurring Basis
Financial assets measured at fair value on a non-recurring basis	1,978,000	2,895,000
Level 3 | Impaired loans, net
Fair value assets and liabilities - Nonrecurring Basis
Financial assets measured at fair value on a non-recurring basis	$ 1,479,000	1,953,000
Level 3 | Impaired loans, net | Minimum
Fair value assets and liabilities - Nonrecurring Basis
Discount rate	0.00%
Level 3 | Impaired loans, net | Maximum
Fair value assets and liabilities - Nonrecurring Basis
Discount rate	50.00%
Level 3 | Other real estate owned, net
Fair value assets and liabilities - Nonrecurring Basis
Financial assets measured at fair value on a non-recurring basis	$ 499,000	$ 942,000
Level 3 | Other real estate owned, net | Minimum
Fair value assets and liabilities - Nonrecurring Basis
Discount rate		0.00%
Level 3 | Other real estate owned, net | Maximum
Fair value assets and liabilities - Nonrecurring Basis
Discount rate		67.00%

Fair Value of Assets and Liab58

Fair Value of Assets and Liabilities - Carrying Value and Estimated Fair Value of Financial Instruments (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Assets:
Securities available for sale	$ 205,232,000	$ 219,476,000
Bank-owned life insurance	14,909,000	14,988,000
Carrying Value
Assets:
Cash and short-term investments	88,995,000	152,943,000
Securities available for sale	205,232,000	219,476,000
Loans, net	935,598,000	865,892,000
Loans held for sale	66,689,000	44,000,000
Bank-owned life insurance	14,909,000	14,988,000
Accrued interest receivable	6,551,000	6,829,000
Financial liabilities:
Demand deposits	743,234,000	733,901,000
Time deposits	345,894,000	339,732,000
Borrowings	167,204,000	177,261,000
Accrued interest payable	672,000	698,000
Total Fair Value
Assets:
Cash and short-term investments	88,995,000	152,943,000
Securities available for sale	205,232,000	219,476,000
Loans, net	942,484,000	875,341,000
Loans held for sale	66,689,000	44,000,000
Bank-owned life insurance	14,909,000	14,988,000
Accrued interest receivable	6,551,000	6,829,000
Financial liabilities:
Demand deposits	743,234,000	733,901,000
Time deposits	348,301,000	342,275,000
Borrowings	160,813,000	174,032,000
Accrued interest payable	672,000	698,000
Total Fair Value | Level 1
Assets:
Cash and short-term investments	88,995,000	152,943,000
Accrued interest receivable	6,551,000	6,829,000
Financial liabilities:
Demand deposits	743,234,000	733,901,000
Accrued interest payable	672,000	698,000
Total Fair Value | Level 2
Assets:
Securities available for sale	205,232,000	219,476,000
Loans held for sale	66,689,000	44,000,000
Bank-owned life insurance	14,909,000	14,988,000
Financial liabilities:
Time deposits	348,301,000	342,275,000
Borrowings	160,813,000	174,032,000
Total Fair Value | Level 3
Assets:
Loans, net	942,484,000	875,341,000
Interest rate lock commitments
Assets:
Derivative asset	1,250,000
Interest rate lock commitments | Carrying Value
Assets:
Derivative asset	1,251,000	744,000
Interest rate lock commitments | Total Fair Value
Assets:
Derivative asset	1,251,000	744,000
Interest rate lock commitments | Total Fair Value | Level 2
Assets:
Derivative asset	1,251,000	744,000
Interest Rate Swap | Carrying Value
Assets:
Derivative asset	815,000
Financial liabilities:
Derivative liabilities	815,000
Interest Rate Swap | Total Fair Value
Assets:
Derivative asset	815,000
Financial liabilities:
Derivative liabilities	815,000
Interest Rate Swap | Total Fair Value | Level 2
Assets:
Derivative asset	815,000
Financial liabilities:
Derivative liabilities	815,000
Cash Flow Hedges | Interest Rate Swap
Assets:
Derivative asset	815,000
Financial liabilities:
Derivative liabilities	815,000
Cash Flow Hedges | Interest Rate Swap | Carrying Value
Financial liabilities:
Derivative liabilities	603,000	175,000
Cash Flow Hedges | Interest Rate Swap | Total Fair Value
Financial liabilities:
Derivative liabilities	603,000	175,000
Cash Flow Hedges | Interest Rate Swap | Total Fair Value | Level 2
Financial liabilities:
Derivative liabilities	$ 603,000	$ 175,000

Business Segments - Segment Rep

Business Segments - Segment Reporting (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)segment	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)
Business Segments
Number of Operating Segments | segment			3
Revenues:
Interest income	$ 22,678	$ 22,778	$ 66,946	$ 64,931
Gains on sales of loans	2,299	1,156	6,581	4,803
Other noninterest income	4,428	3,649	13,032	10,618
Total operating income	29,405	27,583	86,559	80,352
Expenses:
Provision for loan losses	4,925	4,142	13,125	9,812
Interest expense	2,232	2,259	6,712	6,466
Salaries and employee benefits	10,799	9,107	31,492	29,209
Other noninterest expenses	7,134	7,154	21,178	20,456
Total operating expenses	25,090	22,662	72,507	65,943
Income (loss) before income taxes	4,315	4,921	14,052	14,409
Income tax expense (benefit)	1,171	1,444	3,741	4,186
Net income (loss)	3,144	3,477	10,311	10,223
Total assets	1,425,010	1,373,371	1,425,010	1,373,371	$ 1,405,076
Goodwill	14,425	14,425	14,425	14,425	$ 14,425
Capital expenditures	923	470	2,186	1,063
Operating Segments | Retail Banking
Revenues:
Interest income	11,751	10,715	34,268	32,157
Other noninterest income	2,742	2,312	8,598	6,764
Total operating income	14,493	13,027	42,866	38,921
Expenses:
Interest expense	1,440	1,453	4,316	4,238
Salaries and employee benefits	6,296	5,663	18,447	17,354
Other noninterest expenses	4,428	4,440	13,237	12,906
Total operating expenses	12,164	11,556	36,000	34,498
Income (loss) before income taxes	2,329	1,471	6,866	4,423
Income tax expense (benefit)	377	85	885	250
Net income (loss)	1,952	1,386	5,981	4,173
Total assets	1,255,815	1,194,435	1,255,815	1,194,435
Goodwill	3,702	3,702	3,702	3,702
Capital expenditures	760	434	1,584	928
Operating Segments | Mortgage Banking
Revenues:
Interest income	549	528	1,216	1,301
Gains on sales of loans	2,299	1,156	6,581	4,803
Other noninterest income	1,169	703	2,853	1,961
Total operating income	4,017	2,387	10,650	8,065
Expenses:
Provision for loan losses		15		45
Interest expense	158	100	304	240
Salaries and employee benefits	1,530	660	4,213	3,511
Other noninterest expenses	1,327	1,292	3,517	3,430
Total operating expenses	3,015	2,067	8,034	7,226
Income (loss) before income taxes	1,002	320	2,616	839
Income tax expense (benefit)	397	130	1,039	340
Net income (loss)	605	190	1,577	499
Total assets	81,274	58,370	81,274	58,370
Capital expenditures	70	28	255	86
Operating Segments | Consumer Finance
Revenues:
Interest income	11,832	12,702	35,448	34,985
Other noninterest income	202	237	628	751
Total operating income	12,034	12,939	36,076	35,736
Expenses:
Provision for loan losses	4,925	4,127	13,125	9,767
Interest expense	1,801	1,579	5,221	4,622
Salaries and employee benefits	2,524	2,503	7,683	7,294
Other noninterest expenses	1,325	1,324	4,032	3,708
Total operating expenses	10,575	9,533	30,061	25,391
Income (loss) before income taxes	1,459	3,406	6,015	10,345
Income tax expense (benefit)	577	1,336	2,366	4,053
Net income (loss)	882	2,070	3,649	6,292
Total assets	306,674	291,214	306,674	291,214
Goodwill	10,723	10,723	10,723	10,723
Capital expenditures	93	7	347	47
Operating Segments | Other
Revenues:
Interest income	1		2
Other noninterest income	315	397	953	1,142
Total operating income	316	397	955	1,142
Expenses:
Interest expense	288	294	859	878
Salaries and employee benefits	449	281	1,149	1,050
Other noninterest expenses	54	98	392	412
Total operating expenses	791	673	2,400	2,340
Income (loss) before income taxes	(475)	(276)	(1,445)	(1,198)
Income tax expense (benefit)	(180)	(107)	(549)	(457)
Net income (loss)	(295)	(169)	(896)	(741)
Total assets	4,905	4,728	4,905	4,728
Capital expenditures		1		2
Eliminations
Revenues:
Interest income	(1,455)	(1,167)	(3,988)	(3,512)
Total operating income	(1,455)	(1,167)	(3,988)	(3,512)
Expenses:
Interest expense	(1,455)	(1,167)	(3,988)	(3,512)
Total operating expenses	(1,455)	(1,167)	(3,988)	(3,512)
Total assets	$ (223,658)	$ (175,376)	$ (223,658)	$ (175,376)

Business Segments - Segment Deb

Business Segments - Segment Debt (Details)	9 Months Ended
	Sep. 30, 2016
Mortgage Banking | FHLB Advances
Business Segments
Variable rate, spread (as a percent)	0.50%
Consumer Finance | Minimum
Business Segments
Variable rate, spread (as a percent)	3.80%
Consumer Finance | Maximum
Business Segments
Variable rate, spread (as a percent)	8.00%
Consumer Finance | LIBOR | Minimum
Business Segments
Variable rate, spread (as a percent)	2.00%

Commitments and Financial Ins61

Commitments and Financial Instruments with Off-Balance-Sheet Risk - IRLC and Other Derivatives (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
C&F Mortgage
Commitments and Financial Instruments with Off-Balance Sheet Risk
Recourse period for early payment default, minimum	90 days
Recourse period for early payment default, maximum	1 year
Forward sales commitments
Commitments and Financial Instruments with Off-Balance Sheet Risk
Notional amount	$ 156,870
Interest rate lock commitments
Commitments and Financial Instruments with Off-Balance Sheet Risk
Derivative asset	$ 1,250

Commitments and Financial Ins62

Commitments and Financial Instruments with Off-Balance-Sheet Risk - Changes in Allowance for Indemnifications Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Change in the allowance for indemnification losses
Provision for indemnification			$ 243	$ 212
Indemnification reserve for recourse provisions
Change in the allowance for indemnification losses
Allowance, beginning of period	$ 2,503	$ 2,227	2,363	2,089
Provision for indemnification	103	73	243	212
Payments	(350)		(350)	(1)
Allowance, end of period	$ 2,256	$ 2,300	$ 2,256	$ 2,300

Interest Rate Swaps (Details)

Interest Rate Swaps (Details)	9 Months Ended
	Sep. 30, 2016USD ($)
Interest Rate Swap
Derivatives and other information
Notional amount	$ 50,510,000
Interest Rate Swap | Cash Flow Hedges
Derivatives and other information
Notional amount	25,000,000
Derivative liability recorded in other liabilities	815,000
Net fair value	0
Derivative asset recorded in other assets	815,000
Changes in fair value of interest rate swaps	0
December 2019 Interest Rate Swaps | Cash Flow Hedges
Derivatives and other information
Derivative liability recorded in other liabilities	603,000
Trust Preferred Securities Subject to Mandatory Redemption | September 2015 Interest Rate Swaps | Cash Flow Hedges
Derivatives and other information
Amount hedged	10,000,000
Trust Preferred Securities Subject to Mandatory Redemption | December 2019 Interest Rate Swaps | Cash Flow Hedges
Derivatives and other information
Amount hedged	$ 15,000,000

Other Noninterest Expenses (Det

Other Noninterest Expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Other Noninterest Expenses
Data processing fees	$ 946	$ 944	$ 2,949	$ 2,771
Professional fees	543	517	1,685	1,584
Marketing and advertising expenses	393	357	1,227	978
Travel and educational expenses	314	284	861	774
Telecommunication expenses	333	379	888	1,074
All other noninterest expenses	2,173	2,447	6,437	6,669
Total Other Noninterest Expenses	$ 4,702	$ 4,928	$ 14,047	$ 13,850