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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Interest and Dividend Income:        
Interest and fees on loans $ 6,560 $ 6,485 $ 12,973 $ 12,840
Interest on due from banks 1 3 5 10
Interest on federal funds sold 1 1 2 1
Interest on securities:        
Taxable 471 615 1,019 1,301
Tax-exempt 376 415 760 838
Dividends and interest on all other securities 26 31 41 64
Total interest and dividend income 7,435 7,550 14,800 15,054
Interest Expense:        
Interest on savings deposits 54 57 109 109
Interest on time deposits 517 544 1,034 1,072
Interest on federal funds purchased, securities sold under agreements to repurchase and other borrowings 8 8 14 16
Interest on Federal Home Loan Bank advances 3 309 144 614
Total interest expense 582 918 1,301 1,811
Net interest income 6,853 6,632 13,499 13,243
Provision for loan losses 1,250 25 1,400 300
Net interest income, after provision for loan losses 5,603 6,607 12,099 12,943
Noninterest Income:        
Income from fiduciary activities 877 914 1,778 1,894
Service charges on deposit accounts 1,021 994 1,996 1,976
Other service charges, commissions and fees 1,033 1,058 2,051 2,063
Income from bank-owned life insurance 217 222 432 443
Income from Old Point Mortgage 80 125 89 158
Gain on sale of available-for-sale securities, net 6 0 515 0
Other operating income 52 46 90 102
Total noninterest income 3,286 3,359 6,951 6,636
Noninterest Expense:        
Salaries and employee benefits 4,890 5,057 10,044 10,106
Occupancy and equipment 1,390 1,304 2,748 2,631
Data processing 435 407 857 765
FDIC insurance 156 153 321 300
Customer development 154 161 304 315
Legal and audit expense 295 160 497 274
Other outside service fees 178 195 361 309
Employee professional development 179 162 327 293
Bad checks and other losses 83 142 170 279
Capital stock tax 127 111 262 225
Prepayment fee on Federal Home Loan Bank Advance 0 0 391 0
Gain (loss) on write-down/sale of foreclosed assets 9 3 108 72
Other operating expense 589 639 1,186 1,212
Total noninterest expense 8,485 8,494 17,576 16,781
Income before income taxes 404 1,472 1,474 2,798
Income tax expense (148) 193 (99) 314
Net income $ 552 $ 1,279 $ 1,573 $ 2,484
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) $ 0.11 $ 0.26 $ 0.32 $ 0.50
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) $ 0.11 $ 0.26 $ 0.32 $ 0.50