OLD POINT FINANCIAL CORP OPOF Income Statement

Old point financial corp (OPOF)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest and Dividend Income:
Loans, including fees
8,827	8,809	8,972	9,075	8,862	8,998	8,865	8,688	7,895	7,659	7,642	7,110	6,780	6,703	6,646	6,560	6,413	6,567	6,565	6,485	6,355	6,538	6,228	6,122	5,993	5,952	5,883	5,891	6,008	6,189	6,494	6,749	7,068	7,588	7,923	8,190	8,402	9,237	9,258
Due from banks
151	264	257	111	57	104	68	22	4	3	4	3	5	18	25	1	4	4	1	3	7	9	1	0	3	27	35	19	14	12	16	10	16	17	2	0	0	0	-
Federal funds sold
12	8	10	6	7	6	5	8	2	2	1	2	3	2	2	1	1	1	0	1	0	0	0	0	5	-0	0	1	0	0	0	0	0	-0	6	5	8	15	28
Securities:
Taxable
864	789	770	648	620	577	510	499	494	490	487	491	496	426	357	471	548	612	597	615	686	747	848	962	1,005	1,021	949	1,252	1,324	1,407	1,229	1,379	1,221	1,074	1,010	896	902	854	849
Tax-exempt
86	109	146	234	266	284	291	302	344	369	385	420	427	404	371	376	384	412	413	415	423	423	425	426	429	426	369	287	265	237	201	148	93	47	31	38	39	53	73
Dividends and interest on all other securities
46	45	53	59	64	54	64	75	60	57	49	35	14	37	35	26	15	36	33	31	33	43	25	26	31	26	25	26	18	39	15	23	21	13	16	20	11	11	11
Total interest and dividend income
9,986	10,024	10,208	10,133	9,876	10,023	9,803	9,594	8,799	8,580	8,568	8,061	7,725	7,590	7,436	7,435	7,365	7,632	7,609	7,550	7,504	7,760	7,527	7,536	7,466	7,454	7,263	7,476	7,629	7,887	7,958	8,311	8,422	8,742	8,991	9,152	9,364	10,172	10,221
Interest Expense:
Checking and savings deposits
340	319	291	275	251	219	164	141	104	102	103	73	64	62	56	54	55	58	60	57	52	55	52	52	71	74	71	69	87	98	95	94	94	98	101	103	105	108	98
Time deposits
972	1,016	1,012	947	870	828	774	698	616	609	560	520	519	544	538	517	517	533	539	544	528	530	580	595	649	711	757	796	854	940	971	963	975	1,015	1,070	1,143	1,265	1,604	1,703
Federal funds purchased, securities sold under agreements to repurchase and other borrowings
22	27	32	36	37	38	41	42	10	12	13	8	5	5	6	8	6	7	7	8	8	8	7	8	9	8	7	7	12	2	10	15	16	18	17	17	53	109	182
Federal Home Loan Bank advances
234	285	321	344	359	363	320	287	324	191	161	72	0	29	33	3	141	308	309	309	305	312	312	307	302	308	308	305	302	308	337	425	425	429	429	425	420	429	710
Total interest expense
1,568	1,647	1,656	1,602	1,517	1,448	1,299	1,168	1,054	914	837	673	588	640	633	582	719	906	915	918	893	905	951	962	1,031	1,103	1,144	1,177	1,255	1,350	1,414	1,498	1,510	1,561	1,619	1,689	1,844	2,252	2,695
Net interest income
8,418	8,377	8,552	8,531	8,359	8,575	8,504	8,426	7,745	7,666	7,731	7,388	7,137	6,950	6,803	6,853	6,646	6,726	6,694	6,632	6,611	6,855	6,576	6,574	6,435	6,350	6,119	6,299	6,374	6,537	6,544	6,813	6,911	7,180	7,372	7,462	7,520	7,919	7,526
Provision for loan losses
300	-695	0	787	226	1,012	749	575	525	1,235	1,275	1,000	650	630	-100	1,250	150	775	-50	25	275	-200	450	100	250	500	300	300	200	450	750	1,000	200	800	600	500	1,800	1,500	1,300
Net interest income after provision for loan losses
8,118	9,072	8,552	7,744	8,133	7,563	7,755	7,851	7,220	6,431	6,456	6,388	6,487	6,320	6,903	5,603	6,496	5,951	6,744	6,607	6,336	7,055	6,126	6,474	6,185	5,850	5,819	5,999	6,174	6,087	5,794	5,813	6,711	6,380	6,772	6,962	5,720	6,419	6,226
Noninterest Income:
Fiduciary and asset management fees
-	-	-	-	-	-	-	-	-	-	-	-	966	924	858	877	901	877	846	914	980	893	865	793	955	918	868	866	900	817	776	793	826	757	713	759	770	718	780
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	927	1,017	1,039	1,021	975	1,013	1,032	994	982	1,030	1,059	1,056	974	1,068	1,081	1,036	997	1,085	1,050	1,073	1,030	1,099	1,090	1,055	1,011	1,068	1,280
Other service charges, commissions and fees
-	-	-	-	-	-	-	-	-	-	-	-	1,016	921	968	1,033	1,018	990	1,031	1,058	1,005	934	1,013	1,041	952	910	880	912	859	816	853	880	797	717	726	820	737	719	753
Bank-owned life insurance income
231	193	201	198	192	198	202	173	209	179	198	199	198	148	215	217	215	221	221	222	221	202	216	217	216	200	215	217	215	196	693	225	223	210	207	203	201	216	210
Mortgage banking income
157	-	-	-	216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refers to the income amount from mortgage banking activities.
-	-	204	302	-	-	240	236	141	183	172	284	6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from Old Point Mortgage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	187	80	0	-	50	125	-	-	0	6	-	-	99	218	-	-	51	94	-	-	-	-	-	-	-
Gain on sale of available-for-sale securities, net
0	2	286	0	26	0	0	40	80	7	2	87	0	0	7	6	509	76	0	0	0	-	0	-7	-	-	-5	-21	-	609	619	769	314	349	386	50	0	541	0
Gain on acquisition of Old Point Mortgage
-	-	-	-	-	-	-	-	-	-	0	550	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income
-	-	-	-	-	-	-	-	-	-	-	-	50	32	53	52	47	16	43	46	89	72	42	47	65	-41	56	57	142	24	60	45	75	106	75	59	83	130	102
Total noninterest income
3,278	3,351	3,737	3,573	3,416	3,359	3,384	3,424	3,142	2,899	3,154	4,091	3,163	3,188	3,327	3,286	3,665	3,277	3,223	3,359	3,277	3,134	3,195	3,153	3,162	3,178	3,196	3,285	3,113	3,704	4,105	3,880	3,267	3,240	3,200	2,949	2,805	3,393	3,127
Noninterest Expense:
Salaries and employee benefits
5,994	6,407	5,991	5,927	5,699	5,560	5,608	5,935	5,477	5,213	5,104	5,449	5,097	4,771	5,063	4,890	5,154	5,131	5,510	5,057	5,049	5,056	4,994	4,981	4,853	4,827	4,554	4,805	4,921	4,899	5,259	5,219	4,960	4,778	4,834	4,895	4,629	4,539	4,621
Occupancy and equipment
1,266	1,346	1,484	1,405	1,393	1,500	1,557	1,487	1,477	1,517	1,444	1,454	1,449	1,454	1,373	1,390	1,358	1,364	1,335	1,304	1,327	1,280	1,287	1,205	1,114	1,106	1,098	1,079	1,112	1,099	1,110	1,069	1,093	1,065	1,090	1,050	1,085	1,084	1,050
Data processing
819	555	460	420	363	335	317	373	302	-89	266	441	414	344	419	435	422	439	421	407	358	385	422	433	423	382	412	413	422	407	448	391	382	360	358	338	327	316	305
FDIC insurance
-	-	-	131	-	-	-	186	191	156	128	98	96	96	66	156	165	132	154	153	147	160	177	183	184	189	172	174	183	192	284	286	280	279	271	266	405	404	316
Customer development
114	102	137	151	162	151	143	135	182	124	153	154	144	162	146	154	150	115	154	161	154	208	215	207	192	211	186	205	206	162	189	202	203	244	223	217	221	215	217
Professional services
475	585	652	560	514	789	482	537	488	668	508	520	373	1,253	372	295	202	902	237	160	114	159	170	153	124	148	155	124	111	142	174	224	183	156	176	219	143	244	214
Other outside service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	178	183	-	186	195	114	167	146	152	119	137	112	113	96	144	135	140	152	147	163	157	143	157	107
Employee professional development expenses which may include training courses, seminars, meals, travel, and lodging.
220	194	181	230	186	154	195	208	192	143	196	219	236	185	147	179	148	152	146	162	131	155	178	220	168	139	142	182	131	144	125	187	142	130	136	178	133	119	117
Loan related expenses
-	-	-	-	-	-	-	-	-	-	-	-	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other taxes
150	147	146	149	150	134	134	142	170	141	141	138	143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	46	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Postage and courier expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96	115	113	121	151	119	87	123	118	118	118	124	121	123	119	123	123	134
Advertising
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	127	124	-	52	120	123	-	138	146	145	-	131	142	144	177	174
Loan Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	118	-	-	-	-	-	-	-	-	-	-	-	-	-	117	241
Stationary and supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113	96	118	119	129	111	96	120	104	116	113	104	-	-	-	-	-	-
Capital stock tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	128	127	135	-	113	111	114	112	126	127	134	103	104	105	87	-	61	-	-	-	-	-	-	-	-
Amount of expenses related to losses due to fraud or error.
98	119	57	53	62	50	103	157	97	232	103	155	177	-	131	83	87	-	101	142	137	101	115	79	115	-	107	124	68	-	103	-	-	-	-	-	-	-	-
Prepayment fee on Federal Home Loan Bank advance
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	391	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) on sale of other real estate owned
0	0	0	0	2	0	0	-86	0	-	0	18	-	-1	-45	-9	-99	-719	-166	-3	-69	-441	-374	26	-83	-1,075	-65	-78	-126	-40	-99	-380	-256	-587	-368	-268	-188	-480	4
Merger expenses
-	-	0	0	-	11	48	391	205	241	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreclosed assets expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	105	151	117	130	-	-
Other operating expenses
894	819	588	482	764	1,132	840	581	635	674	866	660	517	901	553	589	597	828	628	639	573	745	218	277	390	1,045	380	345	396	1,073	385	465	519	913	509	525	489	421	477
Total noninterest expense
10,030	10,143	9,696	9,508	9,291	9,439	9,427	10,218	9,416	12,310	8,909	9,270	8,706	8,566	8,689	8,485	9,091	9,154	9,151	8,494	8,287	8,724	8,718	8,467	8,263	9,053	7,776	8,050	8,225	7,934	8,752	8,946	8,549	8,474	8,538	8,498	8,167	8,402	7,975
Income before income taxes
1,366	2,280	2,593	1,809	2,258	1,483	1,712	1,057	946	-2,980	701	1,209	944	942	1,541	404	1,070	74	816	1,472	1,326	1,465	603	1,160	1,084	-24	1,239	1,234	1,062	1,857	1,147	747	1,429	1,145	1,435	1,413	358	1,410	1,378
Income tax expense
116	305	361	183	231	95	115	65	4	-91	-56	48	2	47	212	-148	49	-236	-24	193	121	119	-89	59	107	-234	202	219	161	461	73	109	351	279	391	378	13	376	370
Net income
1,250	1,975	2,232	1,626	2,027	1,388	1,597	992	942	-2,889	757	1,161	942	895	1,329	552	1,021	310	840	1,279	1,205	1,346	692	1,101	977	209	1,037	1,015	901	1,396	1,074	638	1,078	866	1,043	1,035	344	1,034	1,008
Basic Earnings per Share:
Weighted average shares outstanding (in shares)
5,200	5,201	5,198	5,202	5,184	5,185	5,182	5,177	5,020	5,009	4,993	4,984	4,977	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,958	4,959	4,959	4,959	4,959	4,957	4,954	4,937	4,930	4,925
Net income per share of common stock (in dollars per share)
0.24	0.38	0.43	0.31	0.39	0.27	0.31	0.19	0.19	-0.58	0.15	0.23	0.19	0.18	0.27	0.11	0.21	0.06	0.17	0.26	0.24	0.27	0.14	0.22	0.20	0.04	0.21	0.21	0.18	0.27	0.22	0.13	0.22	0.17	0.21	0.21	0.07	0.21	0.21
Diluted Earnings per Share:
Weighted average shares outstanding (in shares)
5,200	5,201	5,198	5,202	5,184	5,186	5,182	5,177	5,020	4,971	5,003	4,996	4,991	4,966	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,959	4,958	4,959	4,959	4,959	4,959	4,957	4,954	4,937	4,932	4,932
Net income per share of common stock (in dollars per share)
0.24	0.38	0.43	0.31	0.39	0.27	0.31	0.19	0.19	-0.58	0.15	0.23	0.19	0.18	0.27	0.11	0.21	0.06	0.17	0.26	0.24	0.27	0.14	0.22	0.20	0.04	0.21	0.21	0.18	0.27	0.22	0.13	0.22	0.17	0.21	0.21	0.07	0.21	0.20
Income from Fiduciary Activities [Member]
Noninterest revenue
1,017	1,013	949	929	959	923	904	916	983	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service Charges on Deposit Accounts [Member]
Noninterest revenue
895	1,003	1,001	1,028	1,053	1,114	1,095	1,078	870	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Service Charges, Commissions and Fees [Member]
Noninterest revenue
943	927	1,047	1,026	925	879	873	941	854	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Income [Member]
Noninterest revenue
35	51	49	90	45	74	70	40	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-