Citizens and Farmers Bank
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Data as of · sourced from FFIEC call reports. How we update
Citizens and Farmers Bank is an FDIC-insured commercial bank headquartered in West Point, VA, established in 1927 (FDIC certificate 10363), and it is supervised by the FDIC. At Q2 2026 it reported total assets of $2.79B, up 4.7% from Q2 2025, the 11th largest of 56 banks headquartered in Virginia. Its CET1 capital ratio was 13.54% at Q2 2026, comfortably above the 7% level required once the capital conservation buffer is included.
- Charter
- Commercial bank
- Regulator
- FDIC
- Deposit insurance
- FDIC
- FDIC certificate
- 10363
- Headquarters
- West Point, VA
- Established
- 1927
- Total assets, Q2 2026
- $2.79B
- Assets vs Q2 2025
- +4.7%
- CET1 ratio, Q2 2026
- 13.54%
- Domestic offices
- 32 FDIC institution directory, current count
- Routing number
- 051404901
- Latest call report
- Q2 2026, FFIEC 051 · Citizens and Farmers Bank call report
- Holding company
- C&F FINANCIAL CORPORATION
- Asset rank in state
- 11th of 56 in Virginia
Citizens and Farmers Bank earns an unusually wide margin on its lending. Its balance sheet stood at $2.8 billion at June 30, 2026, up 4.7% from a year earlier; it is based in West Point, Virginia. It keeps 4.57 cents of net interest income on every dollar of earning assets, higher than about three-quarters of the 895 banks with $1 billion to $10 billion in assets (median 3.71 cents). It also carries problem assets equal to 0.6% of the capital and reserves that would absorb them, a small fraction of the median of 3.6% for banks its size.
Its reported earnings move with the stock market: it holds equity securities whose value runs through net income, and they gained $8.3 million on paper in the quarter, out of $12 million of pre-tax income. Return on assets swings accordingly, so it is not compared with peers here. Paper losses on its bond portfolio are shrinking: unrealized losses of $8.4 million equal 3% of Tier 1 capital, down from 9% a year earlier.
As of June 30, 2026, Citizens and Farmers Bank reported a CET1 capital ratio of 13.54%, a return on assets of 1.39%, a nonperforming-loan ratio of 0.09% and a Texas ratio of 0.60%. The figures come from its call report filed with the FFIEC.
By total assets at Q2 2026, Citizens and Farmers Bank is the 11th largest of the 56 banks headquartered in Virginia. From Q1 2026 to Q2 2026, its total assets fell 0.1% to $2.79B, loans rose 1.3% and deposits fell 1.2%. The largest part of its loan book on June 30, 2026 was 1-4 family residential loans, at 25.7% of total loans, ahead of non-owner-occupied commercial real estate loans at 25.6%. The FDIC Summary of Deposits lists 32 offices for it, in 24 cities in VA; its West Point office books 10% of its branch deposits. By the capital ratios in its Q2 2026 call report, Citizens and Farmers Bank meets every capital ratio test for well capitalized.
Headquarters Profile
- Address
- 415 14th Street, West Point, VA 23181
- County
- King William
- Metro Area
- Richmond, VA
- Charter
- Commercial bank, state charter, Fed non-member, FDIC-supervised
- Primary Regulator
- FDIC
- FDIC Region
- Atlanta (Region 5)
- Federal Reserve member
- No
- Federal Reserve district
- District 5, Richmond
- Fiduciary (trust) powers
- Full trust powers granted
- Call Report form
- FFIEC 051
- Established
- February 1, 1927
- Domestic offices
- 32 FDIC institution directory, current count
- Employees (FTE)
- 582
- Domestic deposits
- $2.38B
- Allowance for credit losses
- $39.7M
- Net charge-offs (YTD)
- $6.1M
- Average total assets
- $2.79B
- Average total loans
- $2.14B
- Average interest-bearing deposits
- $1.82B
- Tax status
- C corporation
- Ownership
- Stock
- Community bank
- No
- FDIC-insured since
- January 1, 1934
- FDIC Cert
- 10363
- Fed RSSD
- 928421
- SEC CIK
- 913341 → filed by C&F FINANCIAL CORPORATION
- Website
- www.cffc.com →
- Parent Holding Company
- C&F FINANCIAL CORPORATION (RSSD 2183493) · CFFI
Management
Senior officers at parent holding company, from SEC Form 3/4/5 disclosures
| Name | Role | Title |
|---|---|---|
| Thomas F Cherry | CEO | PRESIDENT & CEO |
| Larry G Dillon | CHR | EXECUTIVE CHAIRMAN |
| Crone S Dustin | PRES | PRESIDENT & CEO C&F FINANCE |
| Jason E Long | CFO | EVP, CHIEF FINANCIAL OFFICER |
| John A Seaman Iii | CCO | EVP, CHIEF CREDIT OFFICER |
Profitability
Q2 annualizedCapital & Liquidity
Balance Sheet
Income Statement
Operating & Funding
Ratios tagged annualized use the Q2 income alone. The UBPR and FDIC annualize the year to date instead. FDIC BankFind divides by the average of quarter-end total assets, the UBPR by RC-K average assets. The YTD margin is the UBPR's tax-equivalent figure over its own average earning assets; FDIC BankFind's margin is not tax-equivalent. How we compute these figures
Quarterly trends
From Q3 2023 to Q2 2026, Citizens and Farmers Bank's total assets ranged from $2.40B (Q3 2023) to $2.79B (Q1 2026), and it earned a profit in all 12 quarters. The line under each chart compares Q2 2026 with Q2 2025. How these charts are built
$2.79B total assets against $2.66B; $2.46B total liabilities against $2.37B.
$2.12B net loans and leases against $2.00B; $2.38B total deposits against $2.26B.
$459.9M securities against $440.3M; $63.9M cash and balances due against $81.7M.
$40.5M total interest income against $37.5M; $10.2M total interest expense against $10.1M.
$30.3M net interest income against $27.4M.
$8.8M total noninterest income against $8.4M; $25.3M total noninterest expense against $23.0M.
$2.6M provision for credit losses against $2.1M.
$9.7M net income against $8.6M.
1.39% return on assets against 1.30%; 4.57% net interest margin against 4.38%.
13.54% CET1 capital ratio against 13.58%; 11.20% tier 1 leverage ratio against 11.27%.
Inside the full Citizens and Farmers Bank terminal
21 quarters of trends · 8 tabs · peer percentiles · watchlist alerts
Unlock this bank, freeWatch flags
Automated conditions triggered on this bank's latest filing. Advisory only; see the source metric pages for full context. Each flag is tagged Regulatory when it cites an official supervisory threshold, or BRR analysis when it's our own band, informed by our data and models.
Commercial real estate loans are between 200% and 300% of total capital, approaching the 2006 interagency guidance threshold of 300% that triggers heightened supervisory attention. BankRegReports early-warning band below the 300% guidance.
Citizens and Farmers Bank rankings
Its closest position to the top of a national ranking is 453 of 4,196, for total assets; its furthest is 2,902 of 3,640, for Texas Ratio.
Quarterly trend: last 8 quarters
From Q3 2024 to Q2 2026, its return on assets ran from 0.94% (Q1 2025) to 1.39% (Q2 2026) and its net interest margin ran from 4.18% (Q3 2024) to 4.57% (Q2 2026).
| Quarter | CET1 | ROA | NPL | Texas | NIM |
|---|---|---|---|---|---|
| Q2 2026 | 13.54% | 1.39% | 0.09% | 0.60% | 4.57% |
| Q1 2026 | 13.43% | 1.14% | 0.10% | 0.64% | 4.39% |
| Q4 2025 | 13.58% | 1.13% | 0.10% | 1.07% | 4.40% |
| Q3 2025 | 13.74% | 1.21% | 0.13% | 1.21% | 4.45% |
| Q2 2025 | 13.58% | 1.30% | 0.09% | 1.02% | 4.38% |
| Q1 2025 | 12.44% | 0.94% | 0.12% | 1.28% | 4.20% |
| Q4 2024 | 12.27% | 1.05% | 0.07% | 0.99% | 4.26% |
| Q3 2024 | 12.09% | 0.96% | 0.10% | 0.82% | 4.18% |
Swipe the table sideways to see every column.
Branch Network
View all 32 branches → Branch count from the FDIC Summary of Deposits, June 30, 2026. The domestic office count above is the FDIC's current figure, so the two can differ.
| Branch | Location | ZIP | Deposits |
|---|---|---|---|
| Citizens and Farmers Bank (main office) | West Point , VA | 23181 | $247.4M |
| Powhatan Branch | Powhatan , VA | 23139 | $205.9M |
| Providence Forge Branch | Providence Forge , VA | 23140 | $205.0M |
| Quinton Branch | Quinton , VA | 23141 | $150.5M |
| Norge Branch | James City County , VA | 23127 | $126.1M |
| Middlesex Branch | Saluda , VA | 23149 | $104.6M |
| Varina Branch | Varina , VA | 23231 | $97.1M |
| Alverser Branch | Midlothian , VA | 23113 | $94.2M |
| Midlothian Branch | Midlothian , VA | 23113 | $78.0M |
| Montross Branch | Montross , VA | 22520 | $75.0M |
| Mechanicsville Branch | Mechanicsville , VA | 23111 | $71.9M |
| Jamestown Road Branch | Williamsburg , VA | 23185 | $71.5M |
| Sandston Branch | Sandston , VA | 23150 | $68.0M |
| West Broad Branch | Richmond , VA | 23294 | $67.9M |
| Downtown Richmond Financial Center Branch | Richmond , VA | 23219 | $65.1M |
| Brandermill Branch | Midlothian , VA | 23112 | $60.9M |
| City Center Branch | Newport News , VA | 23606 | $56.2M |
| King George County Branch | King George , VA | 22485 | $54.3M |
| Cumberland Branch | Cumberland , VA | 23040 | $53.6M |
| Patterson Avenue Branch | Richmond , VA | 23238 | $50.2M |
| Longhill Branch | James City County , VA | 23081 | $47.7M |
| Warsaw Branch | Warsaw , VA | 22572 | $42.4M |
| Charlottesville Branch | Charlottesville , VA | 22902 | $41.3M |
| Chester Branch | Chester , VA | 23831 | $40.5M |
| Stafford Branch | Fredericksburg , VA | 22405 | $36.2M |
Events & Regulatory History
Mergers, charter changes, enforcement actions, FDIC assistance, and (if applicable) failure events recorded against this institution. Click a year to see what else was happening across US banking that year.
| Date | Category | Event | Source |
|---|---|---|---|
| January 1, 2020 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| January 1, 2020 | Structure Change | Acquired Peoples Community Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| March 22, 2014 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| March 22, 2014 | Structure Change | Acquired Central Virginia Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
| September 21, 1979 | Merger | Participated in Absorption/Consolidation/Merger | FDIC |
| September 21, 1979 | Structure Change | Acquired The Colonial Bank Charter Discontinued (Merger or Purchase & Assumption) for the acquired bank | FFIEC NIC |
Sourced from the bank event history (FDIC, Federal Reserve NIC, OCC, and OTS). Showing the most recent 6 events.
Regulatory record
Facts as filed or published, not a rating.
- Deposit market share
- 0.7% of deposits in VA, rank 17 of 102 institutions
- Period: June 30, 2026. Source: FDIC Summary of Deposits.
- Mortgage lending (HMDA)
- 975 applications, 559 loans originated, $89.4M originated, across 4 states
- Period: Calendar year 2025. Source: FFIEC HMDA loan application register.
- SBA 7(a) lending
- 1 loans, $120K approved, $120K average. 0.00% of that year's loans have since been charged off
- Period: Federal fiscal year 2015 (October to September). Source: SBA 7(a) and 504 loan data (FOIA).
- Not on file
- Enforcement actions, Consumer complaints, CFPB enforcement, CRA examination rating. No record from these sources, which is not the same as a clean record. Sources
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Frequently asked about Citizens and Farmers Bank
What are Citizens and Farmers Bank's total assets?
As of the Q2 2026 filing, Citizens and Farmers Bank reported total assets of $2.79 billion in its FFIEC call report.
Where is Citizens and Farmers Bank headquartered?
It is headquartered in West Point, VA, United States.
When was Citizens and Farmers Bank founded?
It was established in 1927, per the FDIC institution directory.
Is Citizens and Farmers Bank FDIC-insured?
Yes. It is an FDIC-insured commercial bank (FDIC Certificate #10363). Deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category, per FDIC rules.
Who regulates Citizens and Farmers Bank?
Citizens and Farmers Bank's primary federal regulator is the FDIC.
What is Citizens and Farmers Bank's CET1 capital ratio?
It reported a Common Equity Tier 1 (CET1) capital ratio of 13.54% in its Q2 2026 call report, comfortably above the 7% level required once the capital conservation buffer is included.
How many branches does Citizens and Farmers Bank operate?
It operates 32 domestic offices, per the FDIC institution directory. That count includes administrative and limited-service offices as well as full-service branches.
What is Citizens and Farmers Bank's Texas Ratio?
Its Texas Ratio is 0.60% in its Q2 2026 call report, within the healthy range (at or below 50%, the level at which problem assets reach half of the capital cushion). The Texas Ratio measures non-performing assets against the bank's capital and reserves.
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