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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Interest and Dividend Income:        
Interest and fees on loans $ 6,485 $ 6,122 $ 12,840 $ 12,115
Interest on due from banks 3 0 10 3
Interest on federal funds sold 1 0 1 5
Interest on securities:        
Taxable 615 962 1,301 1,967
Tax-exempt 415 426 838 855
Dividends and interest on all other securities 31 26 64 57
Total interest and dividend income 7,550 7,536 15,054 15,002
Interest Expense:        
Interest on savings deposits 57 52 109 123
Interest on time deposits 544 595 1,072 1,244
Interest on federal funds purchased, securities sold under agreements to repurchase and other borrowings 8 8 16 17
Interest on Federal Home Loan Bank advances 309 307 614 609
Total interest expense 918 962 1,811 1,993
Net interest income 6,632 6,574 13,243 13,009
Provision for loan losses 25 100 300 350
Net interest income, after provision for loan losses 6,607 6,474 12,943 12,659
Noninterest Income:        
Income from fiduciary activities 914 793 1,894 1,748
Service charges on deposit accounts 994 1,056 1,976 2,030
Other service charges, commissions and fees 1,058 1,041 2,063 1,993
Income from bank-owned life insurance 222 217 443 433
Income from Old Point Mortgage 125 6 158 31
Available-for-sale Securities, Gross Realized Gain (Loss) 0 (7) 0 (7)
Other operating income 46 47 102 87
Total noninterest income 3,359 3,153 6,636 6,315
Noninterest Expense:        
Salaries and employee benefits 5,057 4,981 10,106 9,834
Occupancy and equipment 1,304 1,205 2,631 2,319
Data processing 407 433 765 856
FDIC insurance 153 183 300 367
Customer development 161 207 315 399
Legal and audit expense 160 153 274 277
Other outside service fees 195 152 309 271
Employee professional development 162 220 293 388
Postage and courier expense 97 113 183 234
Advertising 83 127 169 251
Loan Expenses 58 118 83 216
Stationery and supplies 93 118 181 237
Bad checks and other losses 142 79 279 194
Capital stock tax 111 127 225 261
Loss on write-down/sale of foreclosed assets 3 (26) 72 57
Other operating expense 308 277 596 569
Total noninterest expense 8,494 8,467 16,781 16,730
Income before income taxes 1,472 1,160 2,798 2,244
Income tax expense 193 59 314 166
Net income $ 1,279 $ 1,101 $ 2,484 $ 2,078
Basic Earnings per Share:        
Average shares outstanding (in shares) 4,959,009 4,959,009 4,959,009 4,959,009
Net income per share of common stock (in dollars per share) $ 0.26 $ 0.22 $ 0.50 $ 0.42
Diluted Earnings per Share:        
Average shares outstanding (in shares) 4,959,009 4,959,009 4,959,009 4,959,009
Net income per share of common stock (in dollars per share) $ 0.26 $ 0.22 $ 0.50 $ 0.42