C&F Financial is a Virginia-based bank holding company that operates primarily through C&F Bank, a community bank with over 30 branches across Virginia. Community banking is the dominant business, generating roughly 90% of total net income, and it earns revenue through net interest income — the spread between loan and investment yields and deposit funding costs — along with deposit fees, debit card interchange, and ancillary services like wealth management and insurance. Commercial lending is managed through offices in Richmond, Charlottesville, Fredericksburg, Roanoke, and Williamsburg, serving individuals, small-to-medium-sized businesses, and real estate investors. Beyond community banking, C&F Financial operates two smaller segments. C&F Finance purchases indirect auto loans from franchised and independent dealerships across the Mid-Atlantic, Midwest, and South, targeting prime and non-prime borrowers and charging higher rates to compensate for elevated credit risk. C&F Mortgage originates conventional, FHA, USDA, and VA residential mortgages and sells them into the secondary market, primarily to Fannie Mae and Freddie Mac; it also provides mortgage origination services to third-party lenders through its Lender Solutions division. Mortgage banking revenue is driven by gains on loan sales rather than by holding loans, making it sensitive to interest rates and seasonal home-buying patterns. C&F Financial's growth strategy is largely organic — expanding commercial lending offices, recruiting mortgage originators in new markets, and selectively building dealership relationships in the auto lending business.