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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Interest and Dividend Income:        
Interest and fees on loans $ 7,642 $ 6,646 $ 21,532 $ 19,619
Interest on due from banks 4 25 12 30
Interest on federal funds sold 1 2 6 4
Interest on securities:        
Taxable 487 357 1,474 1,376
Tax-exempt 385 371 1,232 1,131
Dividends and interest on all other securities 49 35 98 76
Total interest and dividend income 8,568 7,436 24,354 22,236
Interest Expense:        
Interest on savings deposits 103 56 240 165
Interest on time deposits 560 538 1,599 1,572
Interest on federal funds purchased, securities sold under agreements to repurchase and other borrowings 13 6 26 20
Interest on Federal Home Loan Bank advances 161 33 233 177
Total interest expense 837 633 2,098 1,934
Net interest income 7,731 6,803 22,256 20,302
Provision for loan losses 1,275 (100) 2,925 1,300
Net interest income, after provision for loan losses 6,456 6,903 19,331 19,002
Noninterest Income:        
Income from fiduciary activities 903 858 2,820 2,636
Service charges on deposit accounts 1,001 1,039 2,844 3,035
Other service charges, commissions and fees 1,050 968 3,141 3,019
Income from bank-owned life insurance 198 215 595 647
Income from Old Point Mortgage 172 187 462 276
Gain on sale of available-for-sale securities, net 2 7 89 522
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain 0 0 550 0
Other operating income 35 53 114 143
Total noninterest income 3,361 3,327 10,615 10,278
Noninterest Expense:        
Salaries and employee benefits 5,104 5,063 15,650 15,107
Occupancy and equipment 1,444 1,373 4,347 4,121
Data processing 473 419 1,328 1,276
FDIC insurance 128 66 322 387
Customer development 153 146 451 450
Legal and audit expenses 216 372 604 869
Other outside service fees 292 200 797 561
Employee professional development 196 147 651 474
Loan expenses 302 46 483 103
Capital stock tax 141 128 422 390
ATM and check losses 103 131 435 301
Prepayment fee on Federal Home Loan Bank Advance 0 0 0 391
Gains (Losses) on Sales of Other Real Estate 0 45 (18) 153
Other Noninterest Expense 564 553 1,620 1,682
Total Noninterest Expense 9,116 8,689 27,092 26,265
Income before Income Taxes 701 1,541 2,854 3,015
Income tax expense (benefit) (56) 212 (6) 113
Net income $ 757 $ 1,329 $ 2,860 $ 2,902
Basic Earnings per Share:        
Weighted Average Shares Outstanding 4,993,805 4,959,009 4,985,135 4,959,009
Earnings Per Share, Basic $ 0.15 $ 0.27 $ 0.57 $ 0.59
Diluted Earnings per Share:        
Weighted Average Shares Outstanding 5,003,785 4,959,009 4,997,231 4,959,009
Earnings Per Share, Diluted $ 0.15 $ 0.27 $ 0.57 $ 0.59