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Consolidated Statements of Income (unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Interest and Dividend Income:        
Interest and fees on loans $ 5,891,576 $ 6,749,689 $ 11,899,269 $ 13,818,466
Interest on due from banks 18,782 10,008 32,807 26,280
Interest on federal funds sold 291 460 751 763
Interest on securities:        
Taxable 1,252,486 1,379,414 2,576,536 2,600,900
Tax-exempt 287,389 148,232 551,982 242,209
Dividends and interest on all other securities 26,023 23,815 44,118 45,192
Total interest and dividend income 7,476,547 8,311,618 15,105,463 16,733,810
Interest Expense:        
Interest on savings deposits 68,669 94,184 155,855 188,239
Interest on time deposits 795,843 963,549 1,649,735 1,938,978
Interest on federal funds purchased, securities sold under agreements to repurchase and other borrowings 7,875 15,627 19,441 32,023
Interest on Federal Home Loan Bank advances 305,229 425,046 607,104 850,092
Total interest expense 1,177,616 1,498,406 2,432,135 3,009,332
Net interest income 6,298,931 6,813,212 12,673,328 13,724,478
Provision for loan losses 300,000 1,000,000 500,000 1,200,000
Net interest income, after provision for loan losses 5,998,931 5,813,212 12,173,328 12,524,478
Noninterest Income:        
Income from fiduciary activities 865,689 793,005 1,765,494 1,619,651
Service charges on deposit accounts 1,036,265 1,073,004 2,032,865 2,103,309
Other service charges, commissions and fees 911,619 880,032 1,770,590 1,677,061
Income from bank-owned life insurance 216,519 225,201 431,826 448,881
Income from Old Point Mortgage 217,799 94,311 304,324 125,298
Gain (loss) on sale of available-for-sale securities, net (20,532) 769,474 (20,532) 1,083,869
Other operating income 56,874 45,821 112,935 90,664
Total noninterest income 3,284,233 3,880,848 6,397,502 7,148,733
Noninterest Expense:        
Salaries and employee benefits 4,805,584 5,219,885 9,726,510 10,180,162
Occupancy and equipment 1,078,684 1,069,180 2,190,883 2,162,933
Data processing 412,884 391,376 834,460 773,903
FDIC insurance 173,914 286,314 356,975 567,152
Customer development 205,372 202,992 411,478 406,888
Legal and audit expense 123,537 224,182 234,661 408,112
Other outside service fees 112,510 140,981 208,888 293,367
Employee professional development 181,367 187,643 312,781 329,984
Postage and courier expense 120,166 118,984 243,031 243,311
Advertising 124,320 146,594 247,370 291,612
Stationery and supplies 95,414 113,304 215,723 217,839
Loss on write-down/sale of foreclosed assets 77,223 380,050 203,676 636,634
Other operating expense 537,800 465,165 1,088,141 984,191
Total noninterest expense 8,048,775 8,946,650 16,274,577 17,496,088
Income before income taxes 1,234,389 747,410 2,296,253 2,177,123
Income tax expense 219,574 109,203 380,121 460,615
Net income $ 1,014,815 $ 638,207 $ 1,916,132 $ 1,716,508
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) $ 0.21 $ 0.13 $ 0.39 $ 0.35
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) $ 0.21 $ 0.13 $ 0.39 $ 0.35