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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Interest and Dividend Income:        
Interest and fees on loans $ 6,565 $ 6,228 $ 19,405 $ 18,343
Interest on due from banks 1 1 11 4
Interest on federal funds sold 0 0 1 5
Interest on securities:        
Taxable 597 848 1,898 2,815
Tax-exempt 413 425 1,251 1,280
Dividends and interest on all other securities 33 25 97 82
Total interest and dividend income 7,609 7,527 22,663 22,529
Interest Expense:        
Interest on savings deposits 60 52 169 175
Interest on time deposits 539 580 1,611 1,824
Interest on federal funds purchased, securities sold under agreements to repurchase and other borrowings 7 7 23 24
Interest on Federal Home Loan Bank advances 309 312 923 921
Total interest expense 915 951 2,726 2,944
Net interest income 6,694 6,576 19,937 19,585
Provision for loan losses (50) 450 250 800
Net interest income, after provision for loan losses 6,744 6,126 19,687 18,785
Noninterest Income:        
Income from fiduciary activities 846 865 2,740 2,613
Service charges on deposit accounts 1,032 1,059 3,008 3,089
Other service charges, commissions and fees 1,031 1,013 3,094 3,006
Income from bank-owned life insurance 221 216 664 649
Income from Old Point Mortgage 0 0 0 0
Available-for-sale Securities, Gross Realized Gain (Loss) 0 0 0 (7)
Other operating income 93 42 353 160
Total noninterest income 3,223 3,195 9,859 9,510
Noninterest Expense:        
Salaries and employee benefits 5,510 4,994 15,616 14,828
Occupancy and equipment 1,335 1,287 3,966 3,606
Data processing 421 422 1,186 1,278
FDIC insurance 154 177 454 544
Customer development 154 215 469 614
Legal and audit expense 237 170 511 447
Other outside service fees 186 146 495 417
Employee professional development 146 178 439 566
Postage and courier expense 100 115 283 349
Advertising 83 85 252 336
Loan Expenses 0 0 0 0
Stationery and supplies 84 96 265 333
Bad checks and other losses 101 115 380 309
Capital stock tax 113 126 338 387
Loss on write-down/sale of foreclosed assets 166 374 238 431
Other operating expense 361 218 1,040 1,003
Total noninterest expense 9,151 8,718 25,932 25,448
Income before income taxes 816 603 3,614 2,847
Income tax expense (24) (89) 290 77
Net income $ 840 $ 692 $ 3,324 $ 2,770
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) $ 0.17 $ 0.14 $ 0.67 $ 0.56
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) $ 0.17 $ 0.14 $ 0.67 $ 0.56