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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments53,35428,84719,25050,48086,129156,898
Cash and cash equivalents53,35428,84719,25050,48086,129156,898
Total current assets:53,35428,84719,25050,48086,129156,898
Noncurrent Assets
Operating lease, right-of-use asset1,3771,4781,5791,093853935
Property, plant and equipment30,40330,60431,00831,20831,37731,472
Intangible assets, net (including goodwill)1,8591,8701,8811,8921,9031,914
Goodwill1,6501,6501,6501,6501,6501,650
Intangible assets, net (excluding goodwill)209220231242253264
Amortization method qualified affordable housing project investments1,2001,3001,4001,7001,8001,800
Total noncurrent assets:34,83935,25235,86835,89335,93336,121
Other undisclosed assets1,354,8661,352,0521,300,2171,230,6331,192,8221,132,366
TOTAL ASSETS:1,443,0591,416,1511,355,3351,317,0061,314,8841,325,385
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt53,95077,01762,4653,9814,3843,528
Total current liabilities:53,95077,01762,4653,9814,3843,528
Noncurrent Liabilities
Other undisclosed liabilities1,286,5671,236,5361,194,1361,219,5131,209,3501,213,758
Total liabilities:1,340,5171,313,5531,256,6011,223,4941,213,7341,217,286
Equity
Equity, attributable to parent102,542102,59898,73493,512101,150108,099
Common stock24,88624,76724,76124,75325,09125,439
Additional paid in capital16,77716,72716,59316,45017,64319,082
Accumulated other comprehensive loss(19,757)(18,435)(20,767)(23,847)(15,850)(9,458)
Retained earnings80,63679,53978,14776,15674,26673,036
Total equity:102,542102,59898,73493,512101,150108,099
TOTAL LIABILITIES AND EQUITY:1,443,0591,416,1511,355,3351,317,0061,314,8841,325,385

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues19,82418,57417,24515,73314,58513,985
Net investment income16,34715,153 12,36811,08510,470
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(310)(563)(633)(402)(570)(101)
Gross profit:19,51418,01116,61215,33114,01513,884
Operating income:19,51418,01116,61215,33114,01513,884
Nonoperating income
(Bank Owned Life Insurance Income)
259254256227195231
Interest and debt expense(4,248)(2,340)(1,211)(797)(764)(833)
Income from continuing operations before equity method investments, income taxes:15,52515,92515,65714,76113,44613,282
Other undisclosed loss from continuing operations before income taxes(13,457)(12,235)(12,543)(11,792)(11,285)(10,944)
Income from continuing operations before income taxes:2,0683,6903,1142,9692,1612,338
Income tax expense(266)(607)(471)(427)(269)(307)
Income from continuing operations:1,8023,0832,6432,5421,8922,031
Income before gain (loss) on sale of properties:2,5421,8922,031
Net income available to common stockholders, diluted:1,8023,0832,6432,5421,8922,031

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:1,8023,0832,6432,5421,8922,031
Other comprehensive income (loss)(1,322)2,3323,080(7,997)(6,392)(11,133)
Comprehensive income (loss), net of tax, attributable to parent:4805,4155,723(5,455)(4,500)(9,102)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: