Old Point Financial Corporation (OPOF) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 WEST MELLEN ST
HAMPTON, VA 23663
State of Incorp. VA
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments19,250177,497120,43285,89019,91513,420
Cash and cash equivalents19,250177,497120,43285,89019,91513,420
Total current assets:19,250177,497120,43285,89019,91513,420
Noncurrent Assets
Operating lease, right-of-use asset1,5791,0171,364432
Property, plant and equipment31,00832,13433,61335,31236,73837,197
Intangible assets, net (including goodwill)1,8811,9251,9692,0132,057621
Goodwill1,6501,6501,6501,6501,650621
Intangible assets, net (excluding goodwill)231275319363407 
Investment, proportional amortization method, elected, amount1,4001,9002,3003,0003,2003,500
Total noncurrent assets:35,86836,97639,24640,75741,99541,318
Other undisclosed assets1,300,2171,123,6821,066,513927,841976,273927,088
TOTAL ASSETS:1,355,3351,338,1551,226,1911,054,4881,038,183981,826
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt62,4654,5366,61911,45238,77578,193
Total current liabilities:62,4654,5366,61911,45238,77578,193
Noncurrent Liabilities
Liabilities, other than long-term debt   18502481,100
Investment program, proportional amortization method, elected, commitment   18502481,100
Total noncurrent liabilities:   18502481,100
Other undisclosed liabilities1,194,1361,212,8011,102,409933,230897,154806,145
Total liabilities:1,256,6011,217,3371,109,046944,732936,177885,438
Equity
Equity, attributable to parent98,734120,818117,145109,756102,00696,388
Common stock24,76126,00625,97225,90125,85325,087
Additional paid in capital16,59321,45821,24520,95920,69817,270
Accumulated other comprehensive income (loss)(20,767)1,6754,069(79)(2,156)(707)
Retained earnings78,14771,67965,85962,97557,61154,738
Total equity:98,734120,818117,145109,756102,00696,388
TOTAL LIABILITIES AND EQUITY:1,355,3351,338,1551,226,1911,054,4881,038,183981,826

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues61,54857,13754,70754,31851,52846,992
Net investment income48,04342,25240,00940,24138,25732,934
Other operating income      10,272
Financial services revenue11,842
Cost of revenue(1,706)(794)(1,000)(318)(2,861)(4,160)
Provision for loan, lease, and other losses(1,706)(794)(1,000)(318)(2,861)
Financial services costs(4,160)
Gross profit:59,84256,34353,70754,00048,66742,832
Other operating income, net
(Noninterest Income, Other Operating Income)
      151
Operating income:59,84256,34353,70754,00048,66742,983
Nonoperating income9091,014901786696792
Bank owned life insurance income9091,014839784782774
Interest and debt expense(3,605)(3,458)(5,782)(6,422)(4,969)(3,012)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (42,916)(39,424)(39,196)(40,889)
Income (loss) from continuing operations before equity method investments, income taxes:57,14653,8995,9108,9405,198(126)
Other undisclosed loss from continuing operations before income taxes(46,564)(44,163)    
Income (loss) from continuing operations before income taxes:10,5829,7365,9108,9405,198(126)
Income tax expense (benefit)(1,474)(1,296)(521)(1,080)(279)97
Income (loss) from continuing operations:9,1088,4405,3897,8604,919(29)
Income (loss) before gain (loss) on sale of properties:8,4405,3897,8604,919(29)
Net income (loss) available to common stockholders, diluted:9,1088,4405,3897,8604,919(29)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):9,1088,4405,3897,8604,919(29)
Other comprehensive income (loss)(22,442)(2,394)4,1482,077(1,233)3,501
Comprehensive income (loss), net of tax, attributable to parent:(13,334)6,0469,5379,9373,6863,472

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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