C&F Financial Corporation provided earnings guidance for the full year of 2020. Prior to the outbreak of COVID-19, the company is expecting earnings in 2020 to be strong as a result of investments in all of subsidiaries over the past several years, including recently completed merger with Peoples. While it is too early to determine the extent, the company believes that this pandemic and the related economic disruption will have a negative impact on earnings. The company expects there will be deterioration in asset quality, The company expects the pace of new lending will slow, and the company expects net interest margin will decline. The ultimate impact of these expected adverse developments is not known at this time. However, in anticipation of asset quality issues resulting from the pandemic and related economic disruption, the company recorded additional provision for loan losses during the first quarter of $1.7 million, and the company expects that additional increases in the allowance for loan losses may be required in future quarters.