Old point financial corp (OPOF)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Interest and Dividend Income:
Loans, including fees

35,718

34,446

29,191

26,322

25,972

24,881

23,735

26,503

32,105

37,081

38,103

Due from banks

689

198

15

48

15

13

96

56

22

3

2

Federal funds sold

31

21

8

6

2

5

1

2

21

75

54

Securities:
Taxable

2,827

2,080

1,964

1,802

2,510

3,562

4,547

5,238

3,884

3,419

2,566

Tax-exempt

755

1,221

1,601

1,535

1,663

1,703

1,348

681

157

268

538

Dividends and interest on all other securities

221

253

155

113

133

125

96

100

62

44

419

Total interest and dividend income

40,241

38,219

32,934

29,826

30,295

30,289

29,823

32,580

36,251

40,890

41,682

Interest Expense:
Checking and savings deposits

1,136

628

342

227

227

230

302

382

408

413

361

Time deposits

3,845

2,916

2,208

2,116

2,144

2,354

3,119

3,851

4,496

6,624

9,951

Federal funds purchased, securities sold under agreements to repurchase and other borrowings

132

131

38

25

30

32

35

45

106

545

566

Federal Home Loan Bank advances

1,309

1,294

424

206

1,231

1,233

1,224

1,496

1,705

2,400

3,445

Total interest expense

6,422

4,969

3,012

2,574

3,632

3,849

4,680

5,774

6,715

9,982

14,323

Net interest income

33,819

33,250

29,922

27,252

26,663

26,440

25,143

26,806

29,536

30,908

27,359

Provision for loan losses

318

2,861

4,160

1,930

1,025

600

1,300

2,400

3,700

8,800

6,875

Net interest income after provision for loan losses

33,501

30,389

25,762

25,322

25,638

25,840

23,843

24,406

25,836

22,108

20,484

Noninterest Income:
Fiduciary and asset management fees

-

-

-

3,560

3,617

3,506

3,553

3,214

3,002

3,074

2,987

Service charges on deposit accounts

-

-

-

4,052

4,021

4,119

4,183

4,239

4,256

4,760

5,473

Other service charges, commissions and fees

-

-

-

3,940

4,084

3,940

3,562

3,348

3,003

2,846

2,511

Bank-owned life insurance income

784

782

774

795

885

851

848

1,339

823

972

956

Mortgage banking income

884

788

-

-

-

-

-

-

-

-

-

Refers to the income amount from mortgage banking activities.

-

-

645

413

259

-

-

-

-

-

-

Income from Old Point Mortgage

-

-

-

-

-

-

439

300

-

-

-

Gain on sale of available-for-sale securities, net

314

120

96

522

76

2

-26

2,313

787

541

290

Gain on acquisition of Old Point Mortgage

-

-

550

0

0

-

-

-

-

-

-

Other operating income

-

-

-

184

194

226

214

206

325

449

401

Total noninterest income

14,077

13,309

13,307

13,466

13,136

12,644

12,773

14,959

12,196

12,642

12,618

Noninterest Expense:
Salaries and employee benefits

24,024

22,580

20,863

19,878

20,747

19,884

19,108

20,340

19,139

18,296

17,781

Amount of a recognized pretax charge from the termination of the entity's defined benefit plan.

-

-

3,350

0

0

-

-

-

-

-

-

Occupancy and equipment

5,628

6,021

5,864

5,575

5,330

4,886

4,396

4,373

4,292

4,254

4,128

Data processing

1,798

1,327

1,032

1,620

1,625

1,663

1,630

1,630

1,386

1,248

1,089

FDIC insurance

-

-

478

483

586

704

719

1,044

1,222

1,365

1,630

Customer development

552

611

575

612

584

822

809

758

908

839

798

Professional services

2,311

2,296

2,069

2,122

1,413

606

539

725

696

874

479

Other outside service fees

-

-

-

-

-

584

459

574

612

621

354

Employee professional development expenses which may include training courses, seminars, meals, travel, and lodging.

791

749

794

659

591

721

595

600

579

491

500

Loan related expenses

-

-

-

192

146

-

-

-

-

-

-

Other taxes

592

580

563

505

439

-

-

-

-

-

-

Postage and courier expense

-

-

-

-

-

445

481

480

488

511

550

Advertising

-

-

-

-

-

-

-

-

-

654

619

Stationary and supplies

-

-

-

-

-

446

457

439

-

-

-

Capital stock tax

-

-

-

-

-

499

400

-

-

-

-

Amount of expenses related to losses due to fraud or error.

291

407

667

-

-

410

-

-

-

-

-

Prepayment fee on Federal Home Loan Bank advance

-

-

-

391

0

-

-

-

-

-

-

Net (gain) on sale of other real estate owned

2

-86

18

-154

-957

-872

-1,345

-777

-1,413

-1,442

-680

Merger expenses

0

655

241

0

0

-

-

-

-

-

-

Foreclosed assets expense

-

-

-

-

-

-

-

-

505

416

474

Other operating expenses

2,653

3,188

2,717

2,640

2,668

1,630

2,167

2,443

2,439

2,043

2,127

Total noninterest expense

38,638

38,500

39,195

34,831

35,086

34,172

33,105

34,183

33,679

33,054

31,209

Income before income taxes

8,940

5,198

-126

3,957

3,688

4,312

3,511

5,182

4,353

1,696

1,893

Income tax expense

1,080

279

-97

160

54

196

348

995

1,063

149

211

Net income

7,860

4,919

-29

3,797

3,634

4,116

3,163

4,187

3,290

1,547

1,682

Basic Earnings per Share:
Weighted average shares outstanding (in shares)

5,196

5,141

4,991

4,959

4,959

4,959

4,959

4,959

4,952

4

4

Net income per share of common stock (in dollars per share)

1.51

0.96

-0.01

0.77

0.73

0.83

0.64

0.84

0.66

0.31

0.34

Diluted Earnings per Share:
Weighted average shares outstanding (in shares)

5,196

5,141

4,991

4,960

4,959

4,959

4,959

4,959

4,952

4

4

Net income per share of common stock (in dollars per share)

1.51

0.96

-0.01

0.77

0.73

0.83

0.64

0.84

0.66

0.31

0.34

Income from Fiduciary Activities [Member]
Noninterest revenue

3,850

3,726

3,786

-

-

-

-

-

-

-

-

Service Charges on Deposit Accounts [Member]
Noninterest revenue

4,085

4,157

3,874

-

-

-

-

-

-

-

-

Other Service Charges, Commissions and Fees [Member]
Noninterest revenue

3,925

3,547

3,431

-

-

-

-

-

-

-

-

Other Operating Income [Member]
Noninterest revenue

235

189

151

-

-

-

-

-

-

-

-