Citizens and Farmers Bank

What Citizens and Farmers Bank does

Citizens and Farmers Bank (C&F Bank) is a Virginia-based community bank and the primary operating subsidiary of C&F Financial Corporation (NASDAQ: CFFI), founded in 1927 and headquartered in Toano, Virginia. As of March 31, 2026, the bank reported $2.81 billion in total assets and $2.40 billion in deposits, operating through 31 retail banking offices and 5 commercial loan offices across Virginia, with a recently extended Southwest Virginia footprint. The franchise serves individual consumers, small and mid-size businesses, mortgage borrowers, and consumer finance customers, with a relationship-driven local decision-making model.

C&F runs a diversified four-segment platform: community banking (commercial loans, residential mortgages, deposits, treasury management) through C&F Bank; residential mortgage origination across the Mid-Atlantic through C&F Mortgage Corporation and C&F Select LLC (which also provides third-party lender services); indirect consumer lending for automobiles, marine craft, and recreational vehicles across the Mid-Atlantic, Midwest, and Southern U.S. through C&F Finance Company (headquartered in Henrico, Virginia); and personalized investment solutions through C&F Wealth Management. The technology stack is standard regional-bank digital infrastructure — online and mobile banking, remote deposit capture, and a dedicated loan payment portal — with no disclosed proprietary AI/ML capabilities.

Revenue mechanics are dominated by net interest income from the bank's $1.61 billion community banking loan book and $460.6 million consumer finance portfolio, supplemented by noninterest income from gains on mortgage loan sales, debit/credit card interchange, deposit account service charges, wealth management fees, and B2B mortgage lender services. For FY2025, total income was $186.13M and consolidated net income reached $27.0M (up 35.5% year-over-year), with Q1 2026 delivering a 4.27% net interest margin, 11.28% annualized return on average tangible common equity, and $179.6M in mortgage originations (+57.9% year-over-year). Recent strategic actions include the July 2025 Southwest Virginia expansion and a May 2026 divestiture of the Bearing Insurance Group interest combined with a securities portfolio restructuring.

Name

Citizens and Farmers Bank

Legal name

Citizens and Farmers Bank

Website

https://investor.cffc.com

Company type

Public

Founded year

1927

Operating status

Operating

Headcount range

251–500 employees

Short description

Citizens and Farmers Bank is a Virginia community bank and subsidiary of C&F Financial Corporation (NASDAQ: CFFI), operating 31 branches with $2.81B in assets and providing community banking, mortgage, consumer finance, and wealth management services to individuals and businesses across Virginia and surrounding states.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Offices of Bank Holding Companies (551111)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

Keywords

• Community banking services
• Residential mortgage lending
• Consumer indirect lending
• Wealth management services
• Commercial lending

Headquarters

HQ city

Toano

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income: Interest income from community banking, mortgage banking, and consumer finance lending activities including commercial loans, residential mortgages, and auto/RV loans
2. Gains on Sales of Loans: Mortgage banking segment generates gains on sales of loans when mortgage loans are sold to secondary market investors
3. Interchange Income: Debit and credit card transaction fees from customer card usage
4. Service Charges on Deposit Accounts: Fees charged on deposit accounts including overdraft fees, maintenance fees, and other account service charges
5. Wealth Management Services: Investment management and advisory services income through C&F Wealth Management subsidiary
6. Mortgage Lender Services: Fee income from Lender Solutions division providing mortgage origination functions to third-party mortgage lenders
7. Mortgage Banking Fee Income: Origination fees and other mortgage banking related fee income

Distribution channels4 records

Marketing channels7 records

Core offering

Citizens and Farmers Bank is a community bank providing retail and commercial deposit accounts, consumer and commercial loans, treasury management, residential mortgages, indirect consumer finance loans (automobile, marine, and recreational vehicles), and wealth management services to individuals and businesses primarily across Virginia. Operating as a subsidiary of C&F Financial Corporation (NASDAQ: CFFI), the bank delivers services through 31 retail branches, 5 commercial loan offices, online and mobile banking, and remote deposit capture.

Product overview

Citizens and Farmers Bank operates as part of C&F Financial Corporation, a diversified financial services holding company with a platform-plus-subsidiaries architecture. The core offering is C&F Bank, which provides community banking services including retail branches, commercial lending, and deposit accounts. This is supplemented by three specialized subsidiaries: C&F Mortgage Corporation (and its subsidiary C&F Select LLC) for residential mortgage origination in the Mid-Atlantic; C&F Finance Company for consumer indirect lending (auto, marine, recreational vehicles); and C&F Wealth Management for investment services. The subsidiaries allow C&F to offer a full spectrum of financial services to individuals and businesses across Virginia and surrounding states.

Differentiator

Problem solved

Functional benefit

Products and services

• C&F Bank Community Banking Services Full-service community banking for individuals and businesses in Virginia, including personal and business checking and savings accounts, treasury management, consumer loans, commercial loans, and commercial real estate financing. Delivered through 31 retail branches, 5 commercial loan offices, online and mobile banking, and remote deposit capture across Virginia with Southwest Virginia expansion completed in 2025.
• C&F Mortgage Corporation Residential Mortgages Residential mortgage loan origination for home purchases and refinances across the Mid-Atlantic region through dedicated mortgage offices in Virginia and surrounding states, generating gains on sales of loans to secondary market investors. Q1 2026 originations reached $179.6 million, up 57.9% year-over-year.
• C&F Finance Company Consumer Indirect Lending Indirect consumer lending for automobiles, boats, and recreational vehicles distributed through dealer networks in the Mid-Atlantic, Midwest, and Southern U.S. Loan portfolio totaled $460.6 million as of March 31, 2026.
• C&F Wealth Management Investment Services Personalized investment management and advisory services delivered primarily through C&F Bank branches, offering wealth management solutions to individuals seeking full-spectrum financial services from a single local provider.
• C&F Select LLC Mortgage Lender Services B2B fee-based mortgage origination services provided to third-party mortgage lenders, generating Lender Solutions division fee income for the holding company.

Quantifiable outcome

• Q1 2026 EPS of $2.08, up 25% year-over-year from $1.66 in Q1 2025
• +5 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators13 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• TowneBank: Virginia-based community bank with comparable Hampton Roads/Tidewater presence and similar diversified financial services model. Closely comparable in geography, scale, and operating philosophy.
• Burke & Herbert Financial Services: Virginia community bank with similar asset size (~$2–3 billion range), community banking model, and Northern Virginia/regional focus. Closely comparable on business model and scale.
• Virginia National Bankshares: Small Virginia-based community bank holding company with similar community banking focus and overlapping Virginia footprint. Directly comparable in scale and business mix.
• First National Corporation: Virginia community bank holding company with comparable asset size, community banking model, and rural/small-market focus. Closely aligned with C&F's operating profile.
• Old Point Financial: Hampton Roads, Virginia-based community bank with similar size, community focus, and traditional banking products. Closely comparable geographically and operationally.
• National Bankshares: Small community bank holding company with similar community banking model, rural footprint, and traditional retail/commercial banking focus. Comparable in scale and operating philosophy.

Broad incumbents

• Atlantic Union Bankshares: Larger Virginia-headquartered regional bank with overlapping branch network and similar commercial/retail banking focus. Comparable in customer base and product mix though materially larger in scale.
• Eagle Bancorp: Mid-Atlantic community bank focused on commercial lending and business banking. Comparable in customer segments and product offerings though operating in different sub-regions (DC metro).
• Sandy Spring Bancorp: Mid-Atlantic regional bank with community banking focus, wealth management, and mortgage operations. Similar diversified structure though larger in scale than C&F.

Regional players

• First Bank (NJ): Mid-Atlantic community bank of comparable size with diversified business model including commercial lending and retail banking. Comparable in scale though operating in different state.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/candfbank
• YouTubeyoutube.com/channel/UC21cbIO3DcoVRgU1xLRr60g
• Facebookfacebook.com/CandFBank
• LinkedInlinkedin.com/company/citizens-and-farmers-bank-c&f-bank-
• Instagraminstagram.com/candfbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Citizens and Farmers Bank