LOGO



2004 Annual
Report





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Our Mission



It is the mission of the directors, officers, and staff to maximize the long-term wealth of the shareholders of C&F
Financial Corporation through Citizens and Farmers Bank and its other subsidiaries.



We believe we provide a superior value when we balance long-term and short-term objectives to achieve both a competitive return on investment and a consistent increase in the market value of the Corporations
stock.



This must be achieved while maintaining adequate
liquidity and safety standards for the protection of all of the Corporations interested parties, especially its depositors and shareholders.



This mission will be accomplished by providing our customers with distinctive service and quality financial products which are responsive to their needs,
fairly priced, and delivered promptly and efficiently with the highest degree of accuracy and professionalism.





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Financial Highlights



C&F Financial Corporationis a one-bank holding company with administrative offices in West Point, Virginia. Its wholly-owned
subsidiary, Citizens and Farmers Bank (referred to as C&F Bank), offers quality banking services to individuals, professionals and small businesses through fourteen retail bank branches located throughout the Newport News to Richmond
corridor in Virginia. C&F Mortgage Corporation originates and sells residential mortgages. These mortgage services are provided through ten offices in Virginia, four offices in Maryland and one each in Delaware, North Carolina and New Jersey.
Through its subsidiaries, C&F Mortgage provides ancillary mortgage loan production services for loan settlement, residential appraisals and private mortgage insurance. C&F Finance Company, formerly Moore Loans, Inc., specializes in new and
used automobile lending in the Richmond, Hampton Roads and Northern Virginia markets, as well as portions of Tennessee and Maryland. Brokerage services are offered through C&F Investment Services, Inc. C&F Title Agency, Inc. offers title
insurance services.



Focused on You



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|LOGO |  | LOGO
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|2004 ANNUAL REPORT |  | 1



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LETTERfrom thePRESIDENT



Dear Fellow Shareholders:



It is a pleasure to present C&F Financial Corporations results for
2004. Although we did not set a new earnings record as we have in each of the past three years, we are extremely satisfied with our achievements, especially compared with the results of our peer banks. In fact, given the changes in the economy and
other challenges we faced, I believe that management at all three of our primary business units did a better job this year than in the record-setting years.



LOGO



The year 2004 was a busy one for your company. We
undertook many new initiatives  some to enhance future earnings, some to enhance future efficiencies and some to meet new government regulation.



Larry G. Dillon

Chairman, President and Chief Executive Officer



Net income for 2004 was $11.2 million compared with $12.9
million for 2003. As we had anticipated, higher interest rates resulted in a decline in mortgage loan production and hence our Mortgage Banking segments income. However, this decline was partially offset by increased income at both the Retail
Banking and Consumer Finance segments. Our return on average assets was 1.91 percent in 2004 versus 2.35 percent in 2003, and our return on equity was 16.78 percent versus 21.32 percent. At September 30, 2004, the last period for which data is
available, our peer banks averaged a return on average assets of 1.07 percent and a return on equity of 11.91 percent. For this same period, we ranked in the top 6 percent of our peers on a return on assets basis and the top 13 percent on a return
on equity basis.



We continued our growth in assets, going from
$574 million to $609 million, and in deposits, going from $428 million to $447 million. A $44 million increase in loans, from $350 million to $394 million, was a major contributor to the improved results at our Retail Banking and Consumer Finance
segments. This growth resulted in a $2.2 million increase in interest income and an improvement in the interest margin from 6.14 percent to 6.41 percent.



We increased the quarterly dividends declared on our common stock by 20 percent, from 20 cents per share to 24 cents per share. Over the past two years,
you have seen quarterly dividends increase 50 percent. We have been successful over the years and want our shareholders to share in that success other than through stock price increases.



The year 2004 was a busy one for your company. We undertook many new initiatives  some to enhance future earnings,
some to enhance future efficiencies and some to meet new government regulation.



In 2002, Congress passed the Sarbanes-Oxley Act, legislation that was precipitated by the unethical and illegal actions of a few large companies, but



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|2 |  | C & F FINANCIAL CORPORATION



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which applies to all public companies, most of which are run effectively and with high ethical standards, such as ours is. It is a shame that Congress saw
the need to try to legislate sound management practices in all companies when only a few were guilty of misdoings. Our compliance with this regulation cost the company at least $200,000 in direct expenses plus the countless man-hours that could have
been more productively used in enhancing earnings and hence your investment. The compliance process, however, did reaffirm our confidence in our financial controls and the integrity of our employees.



The majority of our 2004 initiatives were focused on maintaining a firm
foundation for future earnings. Early in the year, we commissioned a market study that revealed several important facts. First, the use of various names for our subsidiaries was confusing to existing and potential customers and likely resulted in
our missing some business opportunities. Second, customers recognized C&F for its personalized service, integrity, stability and sense of community. Finally, the study indicated that the C&F brand is highly
recognized and respected and we would benefit by associating that brand with all our businesses. As a result, we have begun to use C&F in all our subsidiary names. For example, we will now be C&F Bank in all our banking markets
and the Consumer Finance segment will be known as C&F Finance Company. In addition, we have adopted the tagline Focused on You throughout the company to emphasize the personalized service that is well recognized by customers and
employees alike.



We made a difficult decision this year when
we chose to move some of our operations out of the Town of West Point. Unfortunately, we have outgrown our operations facilities in West Point and over the past few years have found it more difficult to attract the number of qualified individuals
that we need from the small workforce available in the immediate area.



Our decision to purchase, at a reasonable price, a 60,000-square-foot-facility only 12 miles outside of West Point and renovate it to meet our needs came after much research and many hours of intense discussions and soul
searching by both our management team and the Board of Directors. The facilitys close proximity to Interstate 64, and therefore easy access to commuters, has already proven beneficial to attracting experienced talent, and we anticipate
that its close proximity to West Point will enable our staff living in town to remain there. Again, this was a difficult decision we wished we had not had to make, but one we believed to be in the best interest of the Company.



Focused on You



Personalized



Treating people as individuals, not a number, means listening to what the
customer wants to accomplish and responding quickly with customized service.



Integrity



This
honest and trustworthy company has an extensive track record for treating customers and employees in a fair open way.



Stability



At a time when new banks are being formed, or established ones being sold, we have a record of employee stability and officer continuity that includes only
three presidents in over 75 years of service.



Hospitable



Wholesome and friendly people throughout make customers
feel welcomed and comfortable  almost as if they were part of a family.



Community



By
always being supportive, we thrive on becoming part of the communities where our customers live and work.



Teamwork



All areas work together to meet the financial services needs of customers.



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|2004 ANNUAL REPORT |  | 3



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What Customers Say



Personalized



To have my personal needs met is the reason I do business with C&F Mortgage Corporation.



 C&F Mortgage Corporation Customer



When so many companies lack personal service, its a pleasure to walk
into my investment office and be treated like Im an important customer.



 C&F Investment Services Customer



As a business client, it is very important for the company to know me and my business needs.



 C&F Finance Company Customer



Integrity



I want to be able to rely on my bank.



 C&F Bank Customer



I would not want to put my money with people that I could not trust.



 C&F Investment Services Customer



When I go to the bank I like to feel confident they are helping me.



 C&F Bank Customer



I like a bank where I can TRUST the employees and institution to be honest
and fair.



 C&F Bank Customer



We also made good strides to improve the future earnings from each of our
segments. At C&F Mortgage, we opened a Waldorf, Maryland, office that proved to be a productive and profitable addition. We also opened a settlement company in Charlottesville, Virginia that reached profitability in a much shorter timeframe than
was anticipated.



At C&F Finance, we implemented a new loan
origination system that greatly increased our speed and efficiency in approving and booking loans and expect this new system, in conjunction with new procedures, to assist us in improving our loan quality. Through the hiring of new lending
personnel, we also entered the markets of Nashville, Tennessee, and the state of Maryland.



At C&F Bank, our entrance into the Peninsula market exceeded our expectations for both growth and profitability. We were fortunate to attract a group of lenders who have a combined total of more than 100
years experience, giving the Bank new talents and positively changing our portfolio, geographic and product mixes. Other changes helped us better cross-sell many new products between C&F Bank and C&F Mortgage. We are just beginning to
take better advantage of the synergies between our various companies and create our own niche through the utilization and cross-selling of products from all of our companies.



As 2004 has been busy, 2005 will be as well. We will implement new technology throughout many areas of the company. Our new
operations center will open this Spring with a new mainframe computer system that utilizes a major upgrade in our primary software system. At C&F Bank, we plan to upgrade all our bank branch technology and implement new loan automation software
similar to that already in place at C&F Mortgage and C&F Finance. In addition, we plan to implement a major enhancement of our web site to support a more sophisticated cash management system for commercial deposit customers.



In the later part of this year, we will open two C&F Bank branches on the
Peninsula, one in Hampton and one in lower Yorktown. Both will be full-service banking facilities, with the Hampton location also housing the local office of C&F Finance and the Yorktown location housing our Peninsula management and commercial
lending officers.



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|4 |  | C & F FINANCIAL CORPORATION



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Our goal as a company is to be the financial institution of choice in the markets we serve, and we make every effort
to obtain that goal. This expectation could never be achieved without an exceptional group of officers and staff, and we believe we have the best.



As we have in the past, we will continue to use a three-prong approach to managing our capital. We will continue to grow the company in a controlled
manner; we will continue to increase our dividends to shareholders; and we will continue to repurchase our stock. We believe this plan will maintain C&F as a long-term company that gives its shareholders a good return on their investment.



In closing, I want to note the recent loss of P. Loy Harrell,
who served as a director of the Bank for more than 35 years. Loy was a friend to all who knew him and was a close friend and confidant of mine for many years. I continued to seek his advice even after he stepped down from the Board in 2002. He had a
great business mind, was a true gentleman and will be greatly missed.



Our goal as a company is to be the financial institution of choice in the markets we serve, and we make every effort to obtain that goal. This expectation could never be achieved without an exceptional group of officers and staff, and we
believe we have the best. Our thanks go out to them for all of their dedicated service and to our Board for their continuing guidance and support. We also thank each of you for your continued confidence as shown by your patronage and hope that we
make you so proud that you will always refer your friends and acquaintances to us as we strive to enhance your investment in our organization.



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|                                                               
|LOGO                                                           
|Larry G. Dillon Chairman, President and
Chief Executive Officer



What Employees
Say



Personalized



The personal service is the reason people bank here.



 C&F Bank/Head Teller/CSR



We are people who truly care about our clients financial needs.



 C&F Bank/Marketing Director



C&F provides customers an intimate and caring relationship across
C&F Financial Corporation.



 C&F
Investment Services/Manager



The best word to describe
our organization is personal.




C&F Finance Company, CEO



We do whatever we can to
make certain that whoever we are on the phone with is most important at that time.



 C&F Title Agency/Manager



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|2004 ANNUAL REPORT |  | 5



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DIRECTORSandOFFICERS



LOGO



C&F FINANCIAL CORPORATION/

C&F BANK



J. P. Causey Jr.*+

Executive Vice President,

Secretary & General Counsel

Chesapeake Corporation



Barry R. Chernack*+

Retired Partner

PricewaterhouseCoopers LLP



Larry G. Dillon *+

Chairman, President & CEO

C&F Financial Corporation

Citizens and Farmers Bank



Audrey D. Holmes+

Attorney-at-Law

Audrey D. Holmes, Attorney-at-Law



James H. Hudson III*+

Attorney-at-Law

Hudson & Bondurant, P.C.



Joshua H. Lawson*+

President

Thrift Insurance Corporation



Bryan E. McKernon+

President & CEO

C&F Mortgage Corporation



William E.
OConnell Jr.*+

Chessie Professor of Business, Emeritus

The College of William and Mary



C. Elis
Olsson+

Director of Operations

Martinair, Inc.



Paul C. Robinson*+

Owner & President

Francisco, Robinson & Associates, Realtors



Thomas B. Whitmore Jr.+

Retired President

Whitmore Chevrolet, Oldsmobile, Pontiac Co., Inc.



|* | C&F Financial Corporation Board Member
|- | --------------------------------------



|+ | C&F Bank Board Member
|- | ---------------------



SANDSTON/VARINA ADVISORY BOARD



Robert A. Canfield

Attorney-at-Law

Canfield, Shapiro, Baer, Heller & Johnston



E. Ray Jernigan

Business Owner

Citizens Machine Shop



S. Floyd Mays

Insurance Agent/Owner

Floyd Mays Insurance



James M. Mehfoud

Pharmacist/Business
Owner

Sandston Pharmacy



Robert F. Nelson Jr.

Professional Engineer

Engineering Design Associates



Reginald H. Nelson IV

Senior Partner

Colonial Acres Farm



John G. Ragsdale II

Business Owner

Sandston Cleaners



Philip T. Rutledge Jr.

Retired Deputy County Manager

County of Henrico



Sandra W. Seelmann

Real Estate
Broker/Owner

Varina & Seelmann Realty



C&F BANK/RICHMOND



Jeffery W. Jones

Chairman & CEO

WFofR, Incorporated



S. Craig Lane

President

Lane & Hamner, P.C.



William E. OConnell Jr.

Chairman of the Board

Chessie Professor of Business, Emeritus

The College of William and Mary



Meade A. Spotts

President

Spotts, Fain, P.C.



Scott E. Strickler

Treasurer

Robins Insurance Agency, Inc.



Katherine K.
Wagner

Senior Vice President Commercial Lending

C&F Bank/Richmond



C&F MORTGAGE CORPORATION



J. P. Causey Jr.

Executive Vice President,

Secretary & General Counsel

Chesapeake Corporation



Larry G. Dillon

Chairman of the Board



James H. Hudson III

Attorney-at-Law

Hudson & Bondurant, P.C.



Bryan E. McKernon

President & CEO

C&F Mortgage Corporation



William E. OConnell Jr.

Chessie Professor of Business, Emeritus

The College of William and Mary



Paul C. Robinson

Owner & President

Francisco, Robinson & Associates, Realtors



INDEPENDENT PUBLIC

ACCOUNTANTS



Yount, Hyde & Barbour, P.C.

Winchester, Virginia



CORPORATE COUNSEL



Hudson & Bondurant, P.C.

West Point,
Virginia



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|6 |  | C & F FINANCIAL CORPORATION



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OFFICERSandLOCATIONS



C&F BANK

ADMINISTRATIVE OFFICE

802 Main Street

West Point,
Virginia 23181

(804) 843-2360



Larry G. Dillon *

Chairman, President & CEO



Robert L. Bryant *

Executive Vice President & COO



Thomas F. Cherry *

Executive Vice President, CFO & Secretary



Ronald P. Espy

Senior Vice President
& Senior Lending Officer



Martin E. Schrodt

Senior Vice President, Retail Operations



Laura H. Shreaves

Senior Vice President & Director of Human
Resources



William J. Callaghan

Vice President, Information Technology



E. Turner Coggin

Vice President, Senior Loan Underwriter



Sandra S. Fryer

Vice President, Special Projects Leader



Deborah H. Hall

Vice President, Credit Administration



Ellen M. Howard

Vice President & Loan Operations Manager



Deborah R. Nichols

Vice President, Quality Control



Mary-Jo Rawson

Vice President & Controller



Evelyn Townsend

Vice President, Operations



|* | Officers of C&F Financial Corporation
|- | -------------------------------------



WEST POINT  MAIN OFFICE

802 Main
Street

West Point, Virginia 23181

(804) 843-2360



Margaret C. Cooper

Assistant Vice President & Branch Manager



JAMESTOWN ROAD

1167 Jamestown Road

Williamsburg, Virginia 23185

(757) 220-3293

Alec J. Nuttall

Assistant Vice President & Branch Manager



LONGHILL ROAD

4780 Longhill Road

Williamsburg, Virginia 23188

(757) 565-0593

Sandra C. St. Clair

Assistant Vice President & Branch Manager



MECHANICSVILLE

7021 Mechanicsville Turnpike

Mechanicsville, Virginia 23111

(804) 569-9776

Ranee Blanton-Clifford

Assistant Vice President & Branch
Manager



MIDDLESEX

Route 33 at Route 641

Saluda, Virginia 23149

(804) 758-3641

Elizabeth B. Faudree

Assistant Vice President & Branch Manager



NORGE

7534 Richmond Road

Norge, Virginia 23127

(757) 564-8114

Robert J. Unangst

Assistant Vice President & Branch Manager



PROVIDENCE FORGE

3501 N. Courthouse Road

Providence Forge, Virginia 23140

(804) 966-2264

James D. W. King

Vice President & Branch Manager



QUINTON

2580 New Kent Highway

Quinton, Virginia 23141

(804) 932-4383

Mary T. Joy Whitley

Assistant Vice
President & Branch Manager



SANDSTON

100 East Williamsburg Road

Sandston, Virginia 23150

(804) 737-7005

Katherine P. Buckner

Assistant Vice President & Branch Manager



VARINA

Route 5 at Strath Road

Richmond, Virginia 23231

(804) 795-7000

Tracy E. Pendleton

Vice President & Branch Manager



WEST POINT  14TH STREET

415 Fourteenth Street

West Point, Virginia 23181

(804) 843-2708

Karen T. Richardson

Assistant Vice President & Branch Manager



CONSTRUCTION LENDING OFFICE

C&F Center

1400 Alverser Drive

Midlothian, Virginia 23113

(804) 858-8351

Terrence C. Gates

Vice President, Real Estate Construction



C&F BANK / RICHMOND

ADMINISTRATIVE OFFICE

C&F Center

1400 Alverser Drive

Midlothian, Virginia 23113

(804) 378-0332

Katherine K. Wagner

Senior Vice President, Commercial Lending



Charles T. Nuttle

Vice President, Commercial Lending



MIDLOTHIAN

C&F Center

1400 Alverser Drive

Midlothian, Virginia 23113

(804) 378-0332

Jesse E. Bullard

Vice President & Branch Manager



RICHMOND

8001 West Broad Street

Richmond, Virginia 23294

(804) 290-0402

Kevin L. Ford

Assistant Vice President & Branch Manager



C&F BANK / PENINSULA

ADMINISTRATIVE OFFICE

City Center

698 Town Center Drive

Newport News, Virginia 23606

(757) 596-4775

Vern E. Lockwood II

President



Lori D. Sarrett  Newport News

Vice President, Commercial Lending



Bonnie S. Smith  Newport News

Vice President, Real Estate Lending



Deborah H. Linkenauger  Williamsburg

Vice President,
Commercial Lending

(757) 220-6623



NEWPORT NEWS  CITY CENTER

698 Town
Center Drive

Newport News, Virginia 23606

(757) 596-4775

Joycelyn Y. Spight

Assistant Vice President &
Branch Manager



C&F INVESTMENT SERVICES, INC.

417 Fourteenth Street

West Point, Virginia 23181

(804) 843-4584    (800) 583-3863

Eric F. Nost

President



C&F Center

1400 Alverser Drive

Midlothian, Virginia 23113

(804)
378-7296    (888) 435-2033

Douglas L. Hartz

Vice President



1167 Jamestown Road

Williamsburg, Virginia 23185

(757) 229-5629

Douglas L. Cash Jr.

Vice President



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|2004 ANNUAL REPORT |  | 7



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OFFICERSandLOCATIONS



C&F MORTGAGE CORPORATION

ADMINISTRATIVE OFFICE

C&F Center

1400 Alverser Drive

Midlothian, Virginia 23113

(804)
858-8300



Bryan E. McKernon

President & CEO



Mark A. Fox

Executive Vice President & CFO



Donna G. Jarratt

Senior Vice
President & Chief of Branch Administration



Kevin A. McCann

Senior Vice President & Controller



Tracy L. Bishop

Vice President & Human Resources Manager



M. Kathy Burley

Vice President & Closing Manager



Susan L. Driver

Vice President & Underwriting Manager



Ronald M. Waddell

Vice President & Marketing Manager



Christopher S. Vick

Vice President & Construction Manager



RICHMOND, VIRGINIA

C&F Center

1400 Alverser Drive

Midlothian, Virginia 23113

(804) 858-8300



Donald R. Jordan

Vice President & Branch Manager



Daniel J. Murphy

Vice President & Production Manager



Susan P. Moore

Vice President &
Operations Manager



RICHMOND, VIRGINIA

7231 Forest Avenue, Suite 202

Richmond, Virginia 23226

(804) 673-2150



Page C. Yonce

Vice President & Branch Manager



RICHMOND, VIRGINIA

6200 B Lakeside Avenue

Richmond, Virginia 23228

(804) 673-3453



Constance Bachman-Hamilton

Vice President & Branch Manager



CHESTER, VIRGINIA

4517 West Hundred Road

Chester, Virginia 23831

(804) 748-2900



Stephen L. Fuller

Vice President & Branch Manager



CHARLOTTESVILLE, VIRGINIA

1420 Greenbrier Place

Charlottesville, Virginia 22901

(434) 974-1450



RUCKERSVILLE, VIRGINIA

8458 Seminole Trail,
Unit 3

Ruckersville, Virginia 22968

(434) 990-2022



WAYNESBORO, VIRGINIA

40 Stoneridge Drive, Suite 101

Waynesboro, Virginia 22980

(540) 949-0260



William E. Hamrick

Vice President & Branch Manager



Philip N. Mahone

Vice President & Branch Manager



FREDERICKSBURG, VIRGINIA

1340 Central Park Boulevard, Suite 206

Fredericksburg, Virginia 22401

(540) 548-8855



CHARLOTTE, NORTH CAROLINA

Ballantyne One

15720 John Jay Delaney Drive, Suite 300

Charlotte, North Carolina 28277

(704) 944-3217



Brian F. Whetzel

Branch Manager



R. W. Edmondson III

Branch Manager



NEWPORT NEWS, VIRGINIA

703 Thimble Shoals
Boulevard, Suite C4

Newport News, Virginia 23606

(757)
873-8200



Linda H. Gaskins

Vice President & Branch Manager



Mary Rebholz

Production Manager



WILLIAMSBURG, VIRGINIA

1167-A Jamestown Road

Williamsburg, Virginia 23185

(757) 259-1200



Lorrie A. Cook

Branch Manager



CROFTON, MARYLAND

2191 Defense Highway, Suite 200

Crofton, Maryland 21114

(410) 721-6770



Michael J. Mazzola

Senior Vice President & Maryland Area Manager



ANNAPOLIS, MARYLAND

705 Melvin Avenue,
Suite 104

Annapolis, Maryland 21401

(410) 263-9229



William J. Regan

Vice President & Branch Manager



Jeffery R. Schroll

Vice President & Production Manager



SOUTHERN MARYLAND

12070 Old Line Centre, Suite 308

Waldorf, Maryland 20602

(301) 885-2830



Timothy J. Murphy

Branch Manager



ELLICOTT CITY, MARYLAND

6339 Ten Oaks Road, Suite 200

Clarksville, Maryland 21029

(410) 531-0910



NEWPORT, DELAWARE

240 North James Street, Suite 206

Newport, Delaware 19804

(302) 999-0130



CHERRY HILL, NEW JERSEY

1939 Olney Avenue, Suite 300

Cherry Hill, New Jersey 08003

(856) 751-8927



Scott B. Segrist

Branch Manager



Robert G. Menton

Branch Manager



C&F TITLE AGENCY, INC.

C&F
Center

1400 Alverser Drive

Midlothian, Virginia 23113

(804) 858-8399

Eileen A. Cherry

Vice President & Title Insurance Underwriter



HOMETOWN SETTLEMENT SERVICES LLC

1463 Greenbrier Place

Charlottesville, Virginia 22901

(434) 220-1046

Donna L. West

Settlement Manager



CERTIFIED APPRAISALS LLC

C&F Center

1400 Alverser Drive

Midlothian, Virginia 23113

H. Daniel Salomonsky

Vice President & Appraisal Manager



C&F FINANCE
COMPANY

ADMINISTRATIVE OFFICE

316 E. Grace Street

Richmond, Virginia 23219

(804)
643-8479



Matthew G. Majikes

President & CEO



Abby W. Moore

President Emeritus



C. Norwood Ashworth

Senior Vice
President



Thomas W. Fee

Senior Vice President & Risk Management Officer



C. Shawn Moore

Senior Vice President & Sales Management
Officer



Michael K. Wilson

Senior Vice President & COO



COLLECTION CENTER

403 E. Grace Street

Richmond, Virginia 23219

(804) 644-0363

H. Lee Shifflett

Manager



NORTHERN VIRGINIA REGION

Paul M. Martin

Area Sales Manager

(804) 643-8479



HAMPTON, VIRGINIA

2017 Cunningham Drive,
Suite 208

Hampton, Virginia 23666

(757) 826-5660



RICHMOND, VIRGINIA

316 E. Grace Street

Richmond, Virginia 23219

(804) 643-8479



ROANOKE, VIRGINIA

5115 Bernard Drive, Suite
111

Roanoke, Virginia 24018

(540) 776-0938

Livia P. Woodford

Area Sales Manager



TENNESSEE

Alan Paul Esstman

Area Sales Manager



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|8 |  | C & F FINANCIAL CORPORATION



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Our Values



We believe that excellence is the standard for all we do, achieved by encouraging and nourishing: respect for others;
honest, open communication; individual development and satisfaction; a sense of ownership and responsibility for the Corporations success; participation, cooperation, and teamwork; creativity, innovation, and initiative; prudent risk-taking;
and recognition and rewards for achievement.



We believe that
we must conduct ourselves morally and ethically at all times and in all relationships.



We believe that we have an obligation to the well-being of all the communities we serve.



We believe that our officers and staff are our most important assets, making the critical difference in how the Corporation performs and, through their
work and effort, separate us from all competitors.



LOGO



Stock Listing



Current market quotations for the common stock of C&F Financial Corporation are
available under the symbol CFFI.



Stock Transfer Agent



American Stock Transfer & Trust Company serves as transfer agent for
the Corporation. You may write them at 59 Maiden Lane, New York, NY 10038, telephone them toll-free at 1-800-937-5449 or visit their website at http://www.amstock.com.



Investor Relations & Financial Statements



C&F Financial Corporations Annual Report on Form 10-K and quarterly reports on Form 10-Q, as filed with the Securities and
Exchange Commission, may be obtained without charge by visiting the Corporations website at http://www.cffc.com. Copies of these documents can also be obtained without charge upon written request. Requests for this or other financial
information about C&F Financial Corporation should be directed to:



Thomas Cherry

Executive Vice President, CFO & Secretary

C&F Financial Corporation

P.O. Box 391

West Point, VA 23181





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C&F Financial
Corporation

802 Main Street  PO Box 391

West Point, Virginia 23181

(804) 843-2360



www.cffc.com