Old Point Financial Corporation
Consolidated Balance Sheet
Assets	30-Jun-03		30-Jun-02
Cash and due from banks	$	17,685	$	12,842
Investments:
Securities available for sale, at market		143,738		100,053
Securities to be held to maturity		14,665		32,765
Trading Account Securities		0		0
Federal Funds Sold		12,460		5,275
Loans (total)		391,247		363,311
Less reserve for loan losses		4,877		4,209
Net loans		386,370		359,102
Bank Premises and Equipment		13,303		13,538
Other Real Estate Owned		696		1,347
Other Assets:		10,945		10,706
Total Assets	$	599,862	$	535,628

Liabilities	30-Jun-03		30-Jun-02
Noninterest-bearing deposits	$	101,718	$	82,089
Savings deposits		161,799		148,210
Time Deposits		206,601		197,674
Total Deposits		470,118		427,973
Federal funds purchased and securities sold		19,144		20,704
under agreement to repurchase
Federal Home Loan Bank Advances		40,000		25,000
Interest-bearing demand notes issued to the		6,000		4,745
United States Treasury and other liabilities
for borrowed money
Other liabilities		2,449		2,286
Total Liabilities		537,711		480,708
Stockholders' Equity
Common stock, $5.00 par value		19,822		13,049
2003              2002
Shares Authorized     10,000,000    10,000,000
Shares Outstanding     3,964,493      3,914,737
Surplus		12,097		10,738
Undivided profits		27,745		29,837
Accumulated other comprehensive income(loss)		2,487		1,296
Total stockholders' equity		62,151		54,920
Total liabilities and stockholders' equity	$	599,862	$	535,628

Old Point Financial Corporation
Consolidated Statements of Earnings
Interest Income	3 Mos Ended		3 Mos Ended		6 Mos Ended		6 Mos Ended
	30-Jun-03		30-Jun-02		30-Jun-03		30-Jun-02
Interest and Fees on loans	$	6,746	$	6,768	$	13,433	$	13,424
Interest on federal funds sold		33		49		93		91
Interest on securities
Taxable		1,056		1,056		2,137		2,184
Exempt from Federal income tax		553		586		1,120		1,182
Total interest on securities		1,609		1,642		3,257		3,366
Interest on trading account		0		0		0		0
Total interest income		8,388		8,459		16,783		16,881
Interest Expense
Interest on savings deposits		277		424		585		827
Interest on time deposits		1,650		2,113		3,401		4,362
Interest on federal funds purchased and		56		96		119		199
securities sold under agreement to repurchase
Interest on Federal Home Loan Bank advances		506		384		999		763
Interest on demands notes (note balances)		3		5		8		15
issued to the United States Treasury and on
other borrowed money
Total Interest expense		2,492		3,022		5,112		6,166
Net Interest Income		5,896		5,437		11,671		10,715
Provision for loan losses		300		400		600		700
Net interest income after provision for loan		5,596		5,037		11,071		10,015
losses
Other Income
Income from fiduciary activities		517		635		1,069		1,164
Service charges on demand deposits		730		731		1,444		1,429
Other service charges, commissions and fees		366		226		676		503
Other operating income		273		272		493		405
Security gains(losses)		24		4		29		9
Trading account income		0		0		0		0
Total Other income		1,910		1,868		3,711		3,510
Other Expenses
Salaries and employee benefits		2,982		2,692		5,904		5,306
Occupancy expense of bank premises		305		270		610		569
Furniture and equipment expense		412		414		821		820
Other operating expenses		1,227		1,152		2,257		2,223
Total other expenses		4,926		4,528		9,592		8,918
Income before taxes		2,580		2,377		5,190		4,607
Applicable income taxes		640		565		1,296		1,137
Net Income		1,940		1,812		3,894		3,470
Per Share
Based on weighted average number of common		3,955,511		3,906,603		3,948,406		3,904,821
shares outstanding
Basic Earnings per share	$	0.49	$	0.46	$	0.99	$	0.89
Diluted Earnings per share	$	0.47	$	0.45	$	0.96	$	0.87
Cash Dividends Declared	$	0.12	$	0.11	$	0.24	$	0.21