OLD POINT FINANCIAL CORP OPOF Income Statement

Old point financial corp (OPOF)

Income statement / TTM

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
35,683	35,718	35,907	35,800	35,413	34,446	33,107	31,884	30,306	29,191	28,235	27,239	26,689	26,322	26,186	26,105	26,030	25,972	25,943	25,606	25,243	24,881	24,295	23,951	23,720	23,735	23,972	24,583	25,442	26,503	27,901	29,330	30,771	32,105	33,753	35,089	0	0	0
Due from banks
783	689	529	340	251	198	97	33	14	15	30	51	49	48	34	10	12	15	20	20	17	13	31	66	85	96	81	62	53	56	61	46	37	22	4	0	0	0	-
Federal funds sold
36	31	29	24	26	21	17	13	7	8	8	9	8	6	5	3	3	2	1	1	0	5	4	5	6	1	1	2	1	2	1	7	13	21	36	57	0	0	0
Securities:
Taxable
3,071	2,827	2,615	2,355	2,206	2,080	1,993	1,970	1,962	1,964	1,900	1,770	1,750	1,802	1,988	2,228	2,372	2,510	2,645	2,896	3,243	3,562	3,836	3,938	4,228	4,547	4,933	5,213	5,340	5,238	4,904	4,686	4,202	3,884	3,663	3,502	0	0	0
Tax-exempt
575	755	930	1,075	1,143	1,221	1,306	1,400	1,518	1,601	1,636	1,622	1,578	1,535	1,543	1,585	1,624	1,663	1,674	1,686	1,697	1,703	1,706	1,651	1,512	1,348	1,158	990	852	681	491	321	211	157	162	204	0	0	0
Dividends and interest on all other securities
203	221	230	241	257	253	256	241	201	155	135	121	112	113	112	110	115	133	140	132	127	125	108	109	109	96	108	98	96	100	73	75	71	62	60	55	0	0	0
Total interest and dividend income
40,351	40,241	40,240	39,835	39,296	38,219	36,776	35,541	34,008	32,934	31,944	30,812	30,186	29,826	29,868	30,041	30,156	30,295	30,423	30,341	30,327	30,289	29,983	29,720	29,660	29,823	30,256	30,951	31,786	32,580	33,434	34,467	35,308	36,251	37,681	38,910	0	0	0
Interest Expense:
Checking and savings deposits
1,225	1,136	1,036	909	775	628	511	450	382	342	302	255	236	227	223	227	230	227	224	216	211	230	249	269	286	302	325	349	374	382	381	387	396	408	418	415	0	0	0
Time deposits
3,947	3,845	3,657	3,419	3,170	2,916	2,697	2,483	2,305	2,208	2,143	2,121	2,118	2,116	2,105	2,106	2,133	2,144	2,141	2,182	2,233	2,354	2,535	2,713	2,914	3,119	3,348	3,562	3,729	3,851	3,925	4,025	4,205	4,496	5,085	5,717	0	0	0
Federal funds purchased, securities sold under agreements to repurchase and other borrowings
117	132	143	152	158	131	105	77	43	38	31	24	24	25	27	28	28	30	31	31	31	32	32	33	32	35	28	31	40	45	60	67	69	106	197	363	0	0	0
Federal Home Loan Bank advances
1,184	1,309	1,387	1,386	1,329	1,294	1,122	963	748	424	262	134	65	206	485	761	1,067	1,231	1,235	1,238	1,236	1,233	1,229	1,226	1,224	1,224	1,223	1,252	1,372	1,496	1,617	1,709	1,709	1,705	1,704	1,985	0	0	0
Total interest expense
6,473	6,422	6,223	5,866	5,432	4,969	4,435	3,973	3,478	3,012	2,738	2,534	2,443	2,574	2,840	3,122	3,458	3,632	3,631	3,667	3,711	3,849	4,047	4,241	4,456	4,680	4,926	5,196	5,518	5,774	5,985	6,190	6,381	6,715	7,406	8,482	0	0	0
Net interest income
33,878	33,819	34,017	33,969	33,864	33,250	32,341	31,568	30,530	29,922	29,206	28,278	27,743	27,252	27,028	26,919	26,698	26,663	26,792	26,674	26,616	26,440	25,935	25,479	25,204	25,143	25,329	25,754	26,268	26,806	27,448	28,277	28,926	29,536	30,275	30,428	0	0	0
Provision for loan losses
392	318	2,025	2,774	2,562	2,861	3,084	3,610	4,035	4,160	3,555	2,180	2,430	1,930	2,075	2,125	900	1,025	50	550	625	600	1,300	1,150	1,350	1,300	1,250	1,700	2,400	2,400	2,750	2,600	2,100	3,700	4,400	5,100	0	0	0
Net interest income after provision for loan losses
33,486	33,501	31,992	31,195	31,302	30,389	29,257	27,958	26,495	25,762	25,651	26,098	25,313	25,322	24,953	24,794	25,798	25,638	26,742	26,124	25,991	25,840	24,635	24,329	23,854	23,843	24,079	24,054	23,868	24,406	24,698	25,677	26,826	25,836	25,875	25,328	0	0	0
Noninterest Income:
Fiduciary and asset management fees
-	-	-	-	-	-	-	-	-	-	-	-	3,625	3,560	3,513	3,501	3,538	3,617	3,633	3,652	3,531	3,506	3,531	3,535	3,608	3,553	3,452	3,360	3,287	3,214	3,153	3,090	3,057	3,002	2,962	3,029	0	0	0
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	4,004	4,052	4,048	4,041	4,014	4,021	4,038	4,065	4,127	4,119	4,157	4,180	4,160	4,183	4,200	4,168	4,205	4,239	4,252	4,292	4,274	4,256	4,225	4,415	0	0	0
Other service charges, commissions and fees
-	-	-	-	-	-	-	-	-	-	-	-	3,938	3,940	4,009	4,072	4,097	4,084	4,028	4,010	3,993	3,940	3,916	3,784	3,655	3,562	3,468	3,441	3,409	3,348	3,248	3,121	3,062	3,003	3,004	3,031	0	0	0
Bank-owned life insurance income
823	784	789	790	765	782	763	759	785	774	743	760	778	795	868	874	879	885	866	861	856	851	849	849	849	848	843	1,322	1,330	1,339	1,352	866	844	823	829	831	0	0	0
Mortgage banking income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refers to the income amount from mortgage banking activities.
-	-	893	929	-	-	800	732	780	645	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from Old Point Mortgage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-
Gain on sale of available-for-sale securities, net
288	314	312	26	66	120	127	129	176	96	89	94	13	522	598	591	585	76	0	-7	0	-	0	0	-	-	0	0	-	2,313	2,053	1,819	1,101	787	978	592	0	0	0
Gain on acquisition of Old Point Mortgage
-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating income
-	-	-	-	-	-	-	-	-	-	-	-	187	184	168	158	152	194	250	249	250	226	112	127	137	214	279	283	272	206	287	303	317	325	348	375	0	0	0
Total noninterest income
13,939	14,077	14,085	13,732	13,583	13,309	12,849	12,619	13,286	13,307	13,596	13,769	12,964	13,466	13,555	13,451	13,524	13,136	12,993	12,965	12,759	12,644	12,688	12,690	12,822	12,773	13,299	14,208	14,804	14,959	14,494	13,589	12,658	12,196	12,348	12,275	0	0	0
Noninterest Expense:
Salaries and employee benefits
24,319	24,024	23,177	22,794	22,802	22,580	22,233	21,729	21,243	20,863	20,421	20,380	19,821	19,878	20,238	20,685	20,852	20,747	20,672	20,156	20,080	19,884	19,655	19,216	19,040	19,108	19,180	19,885	20,300	20,340	20,218	19,793	19,469	19,139	18,899	18,686	0	0	0
Occupancy and equipment
5,501	5,628	5,782	5,855	5,937	6,021	6,038	5,925	5,892	5,864	5,801	5,730	5,666	5,575	5,485	5,447	5,361	5,330	5,246	5,198	5,099	4,886	4,712	4,524	4,398	4,396	4,388	4,401	4,391	4,373	4,339	4,319	4,300	4,292	4,311	4,271	0	0	0
Data processing
2,254	1,798	1,578	1,435	1,388	1,327	903	852	920	1,032	1,465	1,618	1,612	1,620	1,715	1,717	1,689	1,625	1,571	1,572	1,598	1,663	1,660	1,651	1,631	1,630	1,654	1,691	1,669	1,630	1,583	1,493	1,440	1,386	1,341	1,287	0	0	0
FDIC insurance
-	-	-	582	-	-	-	661	573	478	418	356	414	483	519	607	604	586	614	637	667	704	733	729	720	719	722	833	946	1,044	1,130	1,117	1,097	1,222	1,347	1,392	0	0	0
Customer development
504	552	601	607	591	611	584	594	613	575	613	606	606	612	565	573	580	584	677	738	784	822	825	797	795	809	759	762	760	758	840	875	890	908	878	872	0	0	0
Professional services
2,272	2,311	2,515	2,345	2,322	2,296	2,175	2,201	2,184	2,069	2,654	2,518	2,293	2,122	1,771	1,636	1,501	1,413	670	603	596	606	595	581	552	539	533	551	652	725	739	741	736	696	783	822	0	0	0
Other outside service fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	759	745	762	-	662	622	579	584	554	521	482	459	466	489	517	574	577	604	620	612	622	566	0	0	0
Employee professional development expenses which may include training courses, seminars, meals, travel, and lodging.
825	791	751	765	743	749	738	739	750	794	836	787	747	659	626	625	608	591	594	626	684	721	705	670	632	595	599	583	588	600	586	596	588	579	567	548	0	0	0
Loan related expenses
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other taxes
592	592	579	567	560	580	587	594	590	563	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Postage and courier expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	445	500	505	479	481	448	446	478	480	482	488	489	488	489	501	0	0	0
Advertising
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	595	638	0	0	0
Loan Expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Stationary and supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	446	462	478	456	457	431	437	454	439	0	0	0	-	-	-	-	-	-
Capital stock tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	491	476	460	-	450	463	479	499	490	469	447	400	0	0	0	-	0	-	-	-	-	-	-	-	-
Amount of expenses related to losses due to fraud or error.
327	291	222	268	372	407	589	589	587	667	0	0	0	-	373	343	402	-	481	495	432	410	0	0	0	-	0	0	0	-	0	-	-	-	-	-	-	-	-
Prepayment fee on Federal Home Loan Bank advance
-	-	-	-	-	-	-	-	-	-	-	-	-	391	391	391	391	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (gain) on sale of other real estate owned
0	2	2	2	-84	-86	0	0	0	-	0	0	-	-154	-872	-993	-987	-957	-679	-887	-858	-872	-1,506	-1,198	-1,302	-1,345	-309	-344	-646	-777	-1,323	-1,592	-1,480	-1,413	-1,306	-933	0	0	0
Merger expenses
-	-	11	59	-	655	885	837	446	241	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreclosed assets expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	505	0	0	0	-	-
Other operating expenses
2,783	2,653	2,966	3,218	3,317	3,188	2,730	2,756	2,835	2,717	2,944	2,631	2,560	2,640	2,567	2,642	2,692	2,668	2,585	2,175	1,813	1,630	1,930	2,093	2,161	2,167	2,194	2,199	2,319	2,443	2,283	2,407	2,468	2,439	1,947	1,915	0	0	0
Total noninterest expense
39,377	38,638	37,934	37,665	38,375	38,500	41,371	40,853	39,905	39,195	35,451	35,231	34,446	34,831	35,419	35,881	35,890	35,086	34,656	34,223	34,196	34,172	34,501	33,560	33,143	33,105	31,985	32,961	33,858	34,183	34,723	34,509	34,061	33,679	33,606	33,043	0	0	0
Income before income taxes
8,048	8,940	8,143	7,262	6,510	5,198	735	-276	-124	-126	3,796	4,636	3,831	3,957	3,089	2,364	3,432	3,688	5,079	4,866	4,554	4,312	2,822	3,459	3,533	3,511	5,393	5,300	4,814	5,182	4,470	4,758	5,424	4,353	4,617	4,560	0	0	0
Income tax expense
965	1,080	870	624	506	279	93	-78	-95	-97	41	309	113	160	-123	-359	-18	54	409	344	210	196	-157	134	294	348	1,043	914	804	995	813	1,131	1,400	1,063	1,159	1,138	0	0	0
Net income
7,083	7,860	7,273	6,638	6,004	4,919	642	-198	-29	-29	3,755	4,327	3,718	3,797	3,212	2,723	3,450	3,634	4,670	4,522	4,344	4,116	2,979	3,325	3,239	3,163	4,349	4,386	4,009	4,187	3,657	3,626	4,023	3,290	3,457	3,422	0	0	0
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
3,908	3,850	3,760	3,715	3,702	3,726	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service Charges on Deposit Accounts [Member]
Noninterest revenue
3,927	4,085	4,196	4,290	4,340	4,157	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Service Charges, Commissions and Fees [Member]
Noninterest revenue
3,943	3,925	3,877	3,703	3,618	3,547	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Income [Member]
Noninterest revenue
225	235	258	279	229	189	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-