Condensed Financial Statements of Parent Company (Tables)

12 Months Ended

Dec. 31, 2014

Condensed Financial Statements of Parent Company [Abstract]

Balance Sheets

Financial information pertaining to Old Point Financial Corporation (parent company only) is as follows:

	December 31,
Balance Sheets	2014			2013
	(in thousands)
Assets
Cash and cash equivalents	$	1,349		$	273
Securities available-for-sale		85			0
Investment in common stock of subsidiaries		87,005			80,212
Other assets		58			277
Total assets	$	88,497		$	80,762
Liabilities and Stockholders' Equity
Note payable - subsidiary	$	0		$	1
Common stock		24,795			24,795
Additional paid-in capital		16,392			16,392
Retained earnings		53,203			50,376
Accumulated other comprehensive loss		(5,893	)		(10,802	)
Total liabilities and stockholders' equity	$	88,497		$	80,762

Statements of Income

	Years Ended December 31,
Statements of Income	2014			2013
	(in thousands)
Income:
Dividends from subsidiaries	$	2,475		$	1,480
Other income		200			201
Total income		2,675			1,681
Expenses:
Salaries and benefits		428			432
Legal expenses		107			78
Service fees		143			164
Other operating expenses		(125	)		19
Total expenses		553			693
Income before income taxes and equity in undistributed net income of subsidiaries		2,122			988
Income tax benefit		(120	)		(167	)
		2,242			1,155
Equity in undistributed net income of subsidiaries		1,874			2,008
Net income	$	4,116		$	3,163

Statements of Cash Flows

	Years Ended December 31,
Statements of Cash Flows	2014			2013
	(in thousands)
Cash flows from operating activities:
Net income	$	4,116			$	3,163
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed net income of subsidiaries		(1,874	)			(2,008	)
(Increase) decrease in other assets		124				(11	)
Increase (decrease) in other liabilities		(1	)			1
Net cash provided by operating activities		2,365				1,145
Cash flows from investing activities:		0				0
Cash flows from financing activities: cash dividends paid on common stock		(1,289	)			(1,092	)
Net increase in cash and cash equivalents		1,076				53
Cash and cash equivalents at beginning of year		273				220
Cash and cash equivalents at end of year	$	1,349			$	273
Supplemental schedule of noncash transactions:
Unrealized loss on securities available-for-sale	$	(15	)		$	0
Book value of equity securities transferred from other assets to available-for-sale	$	100		S		0