Old Point Financial Corporation (OPOF) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1771208620132234
Cash and cash equivalents1771208620132234
Total current assets:1771208620132234
Noncurrent Assets
Operating lease, right-of-use asset110
Property, plant and equipment32343537373941
Intangible assets, net (including goodwill)22221  
Goodwill22221  
Intangible assets, net (excluding goodwill)0000   
Amortization method qualified affordable housing project investments2233404
Total noncurrent assets:37394142413945
Other undisclosed assets1,1241,067928976927842818
TOTAL ASSETS:1,3381,2261,0541,038982903897
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt57113978126
Total current liabilities:57113978126
Noncurrent Liabilities
Liabilities, other than long-term debt 000103
Qualified affordable housing project investments, commitment 000103
Total noncurrent liabilities: 000103
Other undisclosed liabilities1,2131,102933897806808775
Total liabilities:1,2171,109945936885809804
Stockholders' equity
Stockholders' equity attributable to parent121117110102969493
Common stock26262626252525
Additional paid in capital21212121171616
Accumulated other comprehensive income (loss)24(0)(2)(1)(4)(3)
Retained earnings72666358555755
Total stockholders' equity:121117110102969493
TOTAL LIABILITIES AND EQUITY:1,3381,2261,0541,038982903897

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues57555452474343
Net investment income424040383330 
Other operating income    101010
Financial services revenue1212 
Cost of revenue(1)(1)(0)(3)(4)(2) 
Provision for loan, lease, and other losses(1)(1)(0)(3)
Financial services costs(4)(2) 
Gross profit:56545449434143
Other operating income, net
(Noninterest Income, Other Operating Income)
    010
Operating income:56545449434244
Nonoperating income (expense)111111(0)
Gains (losses) on sales of other real estate 00(0)0(0)(1)
Bank owned life insurance income1111111
Interest and debt expense(3)(6)(6)(5)(3)(3)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes (43)(39)(39)(41)(36)(36)
Income (loss) from continuing operations before equity method investments, income taxes:54695(0)44
Other undisclosed loss from continuing operations before income taxes(44)      
Income (loss) from continuing operations before income taxes:10695(0)44
Income tax expense (benefit)(1)(1)(1)(0)0(0)(0)
Net income (loss) available to common stockholders, diluted:8585(0)44

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):8585(0)44
Other comprehensive income (loss)(2)42(1)4(1)3
Comprehensive income, net of tax, attributable to parent:610104336

Statements sources

The financial statements are based on the company's filings with the 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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