C & f financial corp (CFFI)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest income
Interest and fees on loans

87,519

84,529

82,734

82,951

80,102

79,207

74,415

71,947

68,571

64,941

60,116

Interest on interest-bearing deposits and federal funds sold

2,179

2,097

1,128

509

364

378

159

22

-

-

-

Interest and dividends on securities
Interest on money market investments and federal funds sold

-

-

-

-

-

-

-

-

46

43

6

U.S. government agencies and corporations

427

361

340

327

466

690

506

273

283

281

418

Mortgage-backed securities

2,210

2,314

1,773

1,235

1,233

1,228

408

-

-

-

-

Tax-exempt obligations of states and political subdivisions

2,110

2,725

3,214

3,742

4,162

4,417

4,573

4,659

-

-

-

Taxable obligations of states and political subdivisions

358

319

242

192

184

184

47

-

-

-

-

Corporate bonds and other

-

-

-

483

538

391

104

63

-

-

-

Tax-exempt obligations of states and political subdivisions

-

-

-

-

-

-

-

-

4,859

4,459

4,208

Other

207

203

162

-

-

-

-

-

31

124

223

Total interest income

95,010

92,548

89,593

89,439

87,049

86,495

80,212

76,964

73,790

69,848

64,971

Interest expense
Savings and interest-bearing deposits

2,298

1,601

1,175

1,078

1,090

1,015

867

824

1,102

1,142

1,711

Time deposits

6,796

4,085

3,573

3,314

3,104

3,065

3,384

4,501

-

-

-

Certificates of deposit, $100 or more

-

-

-

-

-

-

-

-

2,684

3,161

3,433

Other time deposits

-

-

-

-

-

-

-

-

3,217

3,935

5,174

Borrowings

4,327

4,189

3,702

3,433

3,338

3,485

3,561

3,799

3,892

3,998

4,071

Trust preferred capital notes

1,135

1,152

1,151

1,143

1,162

960

811

987

986

999

1,070

Total interest expense

14,556

11,027

9,601

8,968

8,694

8,525

8,623

10,111

11,881

13,235

15,459

Net interest income

80,454

81,521

79,992

80,471

78,355

77,970

71,589

66,853

61,909

56,613

49,512

Provision for loan losses

8,515

11,006

16,435

18,040

15,512

16,330

15,085

12,405

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

14,160

14,959

18,563

Net interest income after provision for loan losses

71,939

70,515

63,557

62,431

62,843

61,640

56,504

54,448

47,749

41,654

30,949

Noninterest income
Gains on sales of loans

10,603

7,841

8,553

8,120

6,336

5,086

7,532

7,692

6,219

18,564

24,976

Mortgage banking fee income

4,700

3,686

3,885

-

-

-

-

-

-

-

-

Interchange income

4,203

3,882

3,476

3,562

-

-

-

-

-

-

-

Service charges on deposit accounts

3,923

4,213

4,458

4,262

-

-

-

-

-

-

-

Wealth management services income, net

2,029

1,860

1,619

1,165

-

-

-

-

-

-

-

Other service charges and fees

1,496

1,386

1,343

4,991

-

-

-

-

-

-

-

Net gains on maturities, calls and sales of available for sale securities

-

-

-

52

29

-

-

-

-

-

-

Service charges on deposit accounts

-

-

-

-

4,322

4,468

4,197

3,326

3,509

3,511

3,303

Other service charges and fees

-

-

-

-

6,787

6,246

6,220

6,310

5,290

4,913

5,018

Net gains on maturities and calls of available for sale securities

10

10

10

-

-

-

-

-

-

-

-

Net gains on calls and sales of available for sale securities

-

-

-

-

-

29

276

11

13

70

22

Wealth management services income, net

-

-

-

-

1,481

-

-

-

-

-

-

Investment services income

-

-

-

-

-

1,229

1,060

1,017

1,008

834

648

Other

5,048

2,880

3,888

3,895

1,759

2,347

2,383

2,266

1,132

1,808

-

Total noninterest income

32,012

25,758

27,232

26,047

20,714

19,405

21,668

20,622

17,171

-

-

Noninterest expenses
Other income

-

-

-

-

-

-

-

-

-

-

2,722

Total noninterest income

-

-

-

-

-

-

-

-

-

29,700

36,689

Salaries and employee benefits

47,201

42,003

43,597

42,345

38,926

36,310

31,167

27,813

24,442

34,889

35,118

Occupancy

8,743

8,308

7,730

7,228

8,828

8,806

7,397

6,795

6,491

5,768

5,714

Other

24,075

23,421

21,496

20,987

18,420

18,441

18,035

16,434

15,276

19,638

19,335

Total noninterest expenses

80,019

73,732

72,823

70,560

66,174

63,557

56,599

51,042

46,209

60,295

60,167

Income before income taxes

23,932

22,541

17,966

17,918

17,383

17,488

21,573

24,028

-

-

-

Income before income taxes

-

-

-

-

-

-

-

-

18,711

11,059

7,471

Income tax expense

5,082

4,521

11,394

4,459

4,853

5,144

7,129

7,646

5,735

2,949

1,945

Net income

18,850

18,020

6,572

-

-

-

-

-

-

-

-

Less net income (loss) attributable to noncontrolling interest

-9

-

-

-

-

-

-

-

-

-

-

Net income attributable to C&F Financial Corporation

18,859

18,020

6,572

13,459

12,530

12,344

14,444

16,382

12,976

8,110

5,526

Effective dividends on preferred stock

-

-

-

-

-

-

-

311

1,183

1,149

1,130

Net income available to common shareholders

-

-

-

-

-

-

-

16,071

11,793

6,961

4,396

Net income per share - basic (in dollars per share)

5.47

5.15

1.89

3.90

3.68

3.63

4.37

5.00

3.76

2.26

1.44

Net income – assuming dilution (in Dollars per share)

5.47

5.15

1.88

3.89

3.68

3.59

4.19

4.86

3.72

2.24

1.44

Weighted average number of shares - basic (in shares)

-

-

-

3,454

3,401

3,404

-

-

-

-

-

Weighted average number of shares - assuming dilution (in shares)

-

-

-

3,455

3,401

3,436

-

-

-

-

-