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Consolidated Statements of Income (unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Interest and Dividend Income:        
Interest and fees on loans $ 6,228 $ 5,884 $ 18,343 $ 17,783
Interest on due from banks 1 36 4 69
Interest on federal funds sold 0 0 5 1
Interest on securities:        
Taxable 848 950 2,815 3,526
Tax-exempt 425 369 1,280 921
Dividends and interest on all other securities 25 25 82 69
Total interest and dividend income 7,527 7,264 22,529 22,369
Interest Expense:        
Interest on savings deposits 52 71 175 227
Interest on time deposits 580 757 1,824 2,407
Interest on federal funds purchased, securities sold under agreements to repurchase and other borrowings 7 7 24 26
Interest on Federal Home Loan Bank advances 312 309 921 916
Total interest expense 951 1,144 2,944 3,576
Net interest income 6,576 6,120 19,585 18,793
Provision for loan losses 450 300 800 800
Net interest income, after provision for loan losses 6,126 5,820 18,785 17,993
Noninterest Income:        
Income from fiduciary activities 865 868 2,613 2,634
Service charges on deposit accounts 1,059 1,082 3,089 3,115
Other service charges, commissions and fees 1,013 880 3,006 2,651
Income from bank-owned life insurance 216 215 649 647
Income from Old Point Mortgage (3) 99 28 403
Available-for-sale Securities, Gross Realized Gain (Loss) 0 (5) (7) (26)
Other operating income 45 57 132 170
Total noninterest income 3,195 3,196 9,510 9,594
Noninterest Expense:        
Salaries and employee benefits 4,994 4,555 14,828 14,281
Occupancy and equipment 1,287 1,101 3,606 3,292
Data processing 422 412 1,278 1,247
FDIC insurance 177 172 544 529
Customer development 215 186 614 597
Legal and audit expense 170 156 447 391
Other outside service fees 146 113 417 322
Employee professional development 178 142 566 455
Postage and courier expense 115 120 349 363
Advertising 85 53 336 300
Stationery and supplies 96 111 333 327
Bad checks and other losses 115 108 309 247
Capital stock tax 126 105 387 297
Loss on write-down/sale of foreclosed assets 374 65 431 269
Other operating expense 218 378 1,003 1,134
Total noninterest expense 8,718 7,777 25,448 24,051
Income before income taxes 603 1,239 2,847 3,536
Income tax expense (89) 203 77 583
Net income $ 692 $ 1,036 $ 2,770 $ 2,953
Basic Earnings per Share:        
Average shares outstanding (in shares) 4,959,009.00 4,959,009.00 4,959,009.00 4,959,009.00
Net income per share of common stock (in dollars per share) $ 0.14 $ 0.21 $ 0.56 $ 0.60
Diluted Earnings per Share:        
Average shares outstanding (in shares) 4,959,009.00 4,959,009.00 4,959,009.00 4,959,009.00
Net income per share of common stock (in dollars per share) $ 0.14 $ 0.21 $ 0.56 $ 0.60