C&F Financial Corporation (NASDAQ: CFFI) is a regional bank holding company that serves as the parent of Citizens and Farmers Bank (C&F Bank), an independent community bank in Virginia. The company delivers a wide array of financial services through an extensive branch network and multiple loan origination offices.
The company's business model is structured around three primary segments: Community Banking, Mortgage Banking, and Consumer Finance. The Community Banking segment offers traditional retail and commercial banking services, including checking and savings accounts, business loans, real estate financing, and wealth management services. The Mortgage Banking segment, operated through C&F Mortgage Corporation, originates conventional, FHA, USDA, and VA residential mortgage loans for sale in the secondary market, and provides ancillary mortgage loan production services to third parties. The Consumer Finance segment, managed by C&F Finance Company, specializes in indirect lending programs, providing financing for automobiles, marine, and recreational vehicles across the Mid-Atlantic, Midwest, and Southern United States.
C&F Financial generates revenue primarily through net interest income from its loan and lease portfolios, as well as non-interest income from mortgage banking activities, wealth management fees, and service charges on deposit accounts. The company's competitive position is anchored by its diversified revenue streams, deep community ties, and localized decision-making, allowing it to effectively compete with larger national banks while maintaining a strong regional footprint in Virginia and surrounding states.
