Citizens and Farmers Bank
West Point, Virginia, King William County
$2.8B in total assets, the 473rd largest of 4,309 US banks and 11th of 57 headquartered in Virginia.
- FDIC certificate
- 10363
- Established
- 1927
- Owned by
- C&f Financial Corp
- Primary regulator
- FDIC
- Website
- www.cffc.com
At a glance
Compared with 22 banks headquartered in Virginia with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This bank | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $2.8B | 82% | $1.8B | |
| Loans | $2.2B | 82% | $1.3B | |
| Deposits | $2.4B | 82% | $1.6B | |
| Return on assets | 1.22% | 54% | 1.19% | |
| Net interest margin | 4.55% | 91% | 3.62% | |
| Efficiency ratio | 64.7% | 64% | 59.1% | |
| Equity to assets | 11.67% | 73% | 10.33% | |
| Loans to deposits | 91% | 54% | 89% |
Growth
Total assets grew 5.5% a year over the last 5 years and 7.1% a year over 10 years, including 1 acquisition in the last 10 years.
Acquisitions
| Closed | Acquired bank | Assets at acquisition |
|---|---|---|
| Jan 2020 | Peoples Community Bank Montross, VA | $192M |
| Mar 2014 | Central Virginia Bank Powhatan, VA, an affiliate under the same holding company | $347M |
| Sep 1979 | The Colonial Bank Providence Forge, VA | n/a |
Where they operate
32 branches in 23 counties.
Largest markets by deposits
| County | Deposits | Market share | Rank |
|---|---|---|---|
| New Kent County, VA | $356M | 100.0% | 1 of 1 |
| Chesterfield County, VA | $274M | 3.7% | 7 of 20 |
| Henrico County, VA | $268M | 2.9% | 8 of 22 |
| King William County, VA | $247M | 40.9% | 1 of 4 |
| Powhatan County, VA | $206M | 23.9% | 3 of 6 |
| James City County, VA | $174M | 7.6% | 6 of 9 |
Deposits by branch from the FDIC Summary of Deposits, June 2026. Rank among all banks with branches in that county.
Branch history since 2016
Net gain of 6 branches since 2016 (26 to 32, +23.1%). 6 opened, 5 acquired, 5 closed or sold.
| Period | What happened | Opened or acquired | Closed or sold | Net change | Branches at end |
|---|---|---|---|---|---|
| Start of 2016 | Starting point | 26 | |||
| 2016 | Closed Powhatan | 0 | 1 | −1 | 25 |
| 2017 | Opened Charlottesville | 1 | 0 | +1 | 26 |
| 2019 | Closed Midlothian | 0 | 1 | −1 | 25 |
| 2020 | Acquired Peoples Community BankOpened Charlottesville and Richmond, closed West Point | 7 | 1 | +6 | 31 |
| 2022 | Opened FredericksburgClosed King George | 1 | 1 | 0 | 31 |
| 2024 | Opened Colonial HeightsClosed Hampton | 1 | 1 | 0 | 31 |
| 2026 through Q2 | Opened Roanoke | 1 | 0 | +1 | 32 |
Balance sheet and earnings
Loans by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Commercial real estate | 32% | 37% | |
| 1-4 family residential | 26% | 30% | |
| Consumer | 22% | 3% | |
| Construction and land | 9% | 8% | |
| Multifamily | 7% | 7% | |
| Business (C&I) | 3% | 11% | |
| Farmland | 0% | 2% | |
| Other | 1% | 2% |
Deposits by type
| Type | Share | This bank | Peers |
|---|---|---|---|
| Time deposits | 38% | 24% | |
| Other interest-bearing | 37% | 52% | |
| Noninterest-bearing | 24% | 25% |
Brokered deposits are 0.8% of deposits (peers 6.5%).
Return on assets
Trailing four quarters, with the peer median.
Credit and capital
| This bank | Peer median | |
|---|---|---|
| Noncurrent loans | 0.09% | 0.37% |
| Net charge-offs, annualized | 0.57% | 0.04% |
| Reserves to loans | 1.84% | 1.01% |
| Leverage ratio | 11.20% | 10.38% |
Noncurrent loans exclude government-guaranteed portions.
Related banks
Similar size in Virginia
Figures as of June 30, 2026 from the bank's Call Report, FDIC structure and branch data, and the Federal Reserve. Short link: bankingstats.com/banks/citizens-farmers-bank-west-point-va