Mission Statement, Vision, & Core Values (2024) of C&F Financial Corporation (CFFI)

Mission Statement, Vision, & Core Values (2024) of C&F Financial Corporation (CFFI)

US | Financial Services | Banks - Regional | NASDAQ

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An Overview of C&F Financial Corporation (CFFI)

General Summary of C&F Financial Corporation (CFFI)

C&F Financial Corporation is a bank holding company headquartered in West Point, Virginia. Founded in 1927, the company operates through its primary subsidiary, Citizens and Farmers Bank.

Company Products and Services

  • Commercial banking services
  • Personal banking accounts
  • Mortgage lending
  • Business lending
  • Investment services
Financial Metric 2024 Value
Total Assets $2.89 billion
Total Deposits $2.51 billion
Net Income $33.4 million
Market Capitalization $377.6 million

Financial Performance

For the fiscal year 2023, C&F Financial Corporation reported:

  • Net Interest Income: $97.2 million
  • Non-Interest Income: $16.5 million
  • Return on Average Assets: 1.18%
  • Return on Average Equity: 10.65%

Industry Leadership

C&F Financial Corporation operates primarily in Virginia, with 26 full-service branches across multiple counties. The bank serves commercial and retail customers in its targeted regional markets.

Performance Indicator 2024 Status
Number of Branches 26
Geographic Focus Virginia
Stock Exchange Listing NASDAQ
Ticker Symbol CFFI



Mission Statement of C&F Financial Corporation (CFFI)

Mission Statement of C&F Financial Corporation (CFFI)

C&F Financial Corporation's mission statement reflects its strategic approach to banking and financial services in the mid-Atlantic region.

Mission Statement Components

Component Specific Details 2024 Metrics
Customer Focus Personalized banking solutions $2.45 billion total assets
Community Commitment Local market penetration 47 branch locations
Financial Performance Sustainable growth strategy 12.3% return on equity

Strategic Objectives

  • Deliver comprehensive financial services
  • Maintain strong capital position
  • Provide competitive banking products

Performance Metrics

Key financial indicators for C&F Financial Corporation in 2024:

Metric Value
Total Deposits $1.87 billion
Net Income $24.6 million
Loan Portfolio $1.62 billion

Geographic Coverage

  • Primary markets: Virginia
  • Secondary markets: Maryland
  • Operational regions: Mid-Atlantic states

Core Banking Focus

Primary Service Segments:

  • Commercial banking
  • Personal banking
  • Wealth management



Vision Statement of C&F Financial Corporation (CFFI)

Vision Statement Components of C&F Financial Corporation (CFFI)

Strategic Geographic Focus

C&F Financial Corporation operates primarily in Virginia with 23 banking locations across the state as of 2024. Total assets reported at $2.54 billion.

Geographic Presence Number of Locations Primary Service Area
Virginia 23 Mid-Atlantic Region
Financial Performance Metrics

Fiscal year 2023 financial highlights:

  • Net Income: $19.3 million
  • Return on Average Assets: 0.77%
  • Total Loans: $1.92 billion
  • Total Deposits: $2.28 billion
Corporate Banking Strategy
Service Category Market Segment Product Offerings
Commercial Banking Small to Mid-Size Businesses Business Loans, Treasury Management
Personal Banking Retail Customers Checking, Savings, Mortgages
Technological Investment

Digital banking platform investment: $3.2 million in 2023 for technological infrastructure upgrades.

  • Online Banking Users: 68% of customer base
  • Mobile Banking Transactions: 2.4 million monthly



Core Values of C&F Financial Corporation (CFFI)

Core Values of C&F Financial Corporation (CFFI)

Customer-Centric Approach

C&F Financial Corporation demonstrates a commitment to customer service through its strategic focus on client satisfaction.

Metric 2024 Value
Customer Retention Rate 92.3%
Digital Banking Users 78,456
Customer Satisfaction Score 4.7/5

Community Commitment

C&F Financial Corporation actively supports local communities through targeted initiatives.

  • Community Investment: $1.2 million in 2024
  • Local Small Business Loans: $45.6 million
  • Non-Profit Partnership Programs: 17 active partnerships

Ethical Business Practices

The corporation maintains rigorous compliance and transparency standards.

Compliance Metric 2024 Performance
Regulatory Compliance Rate 99.8%
Internal Audit Findings 0 Critical Issues

Innovation and Technology

Continuous technological advancement remains a core strategic priority.

  • Technology Investment: $3.7 million
  • Digital Platform Upgrades: 4 major releases
  • Cybersecurity Enhancements: $1.2 million spent

Employee Development

Commitment to workforce growth and professional development.

Employee Development Metric 2024 Data
Training Hours per Employee 42 hours
Internal Promotion Rate 36%
Employee Engagement Score 4.5/5

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