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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME        
Net income $ 3,743 $ 5,842 $ 7,382 $ 9,613
Defined benefit plan:        
Reclassification of recognized net actuarial losses into net income [1],[2] 57 52 99 94
Related income tax effects (12) (11) (21) (20)
Amortization of prior service credit into net income [1],[2] (17) (17) (34) (34)
Related income tax effects 3 3 7 7
Defined benefit plan, net of tax 31 27 51 47
Cash flow hedges:        
Unrealized holding losses arising during the period (154) (102) (2,128) (210)
Related income tax effects 39 26 547 54
Amortization of hedging gains into net income [3] (3)   (6)  
Related income tax effects 1   2  
Cash flow hedges, net of tax (117) (76) (1,585) (156)
Securities available for sale:        
Unrealized holding gains arising during the period 1,779 1,547 3,988 3,373
Related income tax effects (373) (325) (837) (708)
Reclassification of net realized gains into net income [4] (3) (1) (7) (5)
Related income tax effects     1 1
Securities available for sale, net of tax 1,403 1,221 3,145 2,661
Other comprehensive income, net of tax 1,317 1,172 1,611 2,552
Comprehensive income 5,060 7,014 8,993 12,165
Less comprehensive (loss) income attributable to noncontrolling interest (3) (1) 58 (1)
Comprehensive income attributable to C&F Financial Corporation $ 5,063 $ 7,015 $ 8,935 $ 12,166
[1] These items are included in the computation of net periodic benefit cost and are included in “Noninterest income – Other” on the Consolidated Statements of Income. See “Note 8: Employee Benefit Plans,” for additional information.
[2] These items are included in the computation of net periodic benefit cost and are included in “Noninterest income – Other” on the Consolidated Statements of Income. See “Note 8: Employee Benefit Plans,” for additional information.
[3] These items are included in “Interest expense – Trust preferred capital notes” on the Consolidated Statements of Income.
[4] These items are included in “Net gains on sales, maturities and calls of available for sale securities” on the Consolidated Statements of Income.