Old Point Financial Corporation (OPOF)

Old Point Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	59.09	56.3	41.41	37.91	36.01	35.72
Interest Income on Investments	12.87	10.32	6.64	4.34	4	4.52
Total Interest Income	71.96	66.63	48.04	42.25	40.01	40.24
Interest Paid on Deposits	20.27	13.87	2.15	2.88	4.42	4.98
Interest Paid on Borrowings	3.86	4.56	1.46	0.58	0.88	1.44
Total Interest Expense	24.13	18.43	3.61	3.46	5.29	6.42
Net Interest Income	47.83	48.2	44.44	38.79	34.72	33.82
Net Interest Income Growth (YoY)	-2.88%	8.46%	14.55%	11.74%	2.66%	1.71%
Trust Income	4.8	4.63	4.1	4.2	3.88	3.85
Mortgage Banking Activities	0.1	0.43	0.5	2.28	1.78	0.88
Gain (Loss) on Sale of Assets	0.02	0.22	1.69	-	0.82	-
Gain (Loss) on Sale of Investments	-	-0.13	-1.87	-	0.26	0.31
Other Non-Interest Income	5.57	5.71	6.02	5.71	5.09	4.94
Total Non-Interest Income	13.66	13.87	13.51	14.89	14.7	14.08
Non-Interest Income Growth (YoY)	1.13%	2.72%	-9.27%	1.27%	4.41%	5.77%
Revenues Before Loan Losses	61.49	62.07	57.94	53.68	49.42	47.9
Provision for Loan Losses	1.98	2.6	1.71	0.79	1	0.32
Revenue	59.5	59.47	56.24	52.89	48.42	47.58
Revenue Growth (YoY)	-2.26%	5.75%	6.34%	9.23%	1.76%	8.88%
Salaries and Employee Benefits	29.06	29.88	26.64	25.07	25.25	23.8
Occupancy Expenses	4.55	4.45	4.37	4.35	4.47	5.29
Selling, General & Administrative	10.4	10.21	9.53	8.81	7.35	6.01
Other Non-Interest Expense	5.63	5.87	5.11	4.93	4.9	3.54
Total Non-Interest Expense	49.63	50.41	45.66	43.15	42.02	38.64
EBT Excluding Unusual Items	9.87	9.06	10.58	9.74	6.4	8.94
Other Unusual Items	-	-	-	-	-0.49	-
Pretax Income	9.87	9.06	10.58	9.74	5.91	8.94
Income Tax Expense	1.76	1.33	1.47	1.3	0.52	1.08
Net Income	8.11	7.73	9.11	8.44	5.39	7.86
Net Income to Common	8.11	7.73	9.11	8.44	5.39	7.86
Net Income Growth	-8.76%	-15.13%	7.91%	56.62%	-31.44%	59.79%
Basic Shares Outstanding	5	5	5	5	5	5
Diluted Shares Outstanding	5	5	5	5	5	5
Shares Change (YoY)	0.81%	-0.91%	-3.19%	0.42%	0.38%	1.08%
EPS (Basic)	1.60	1.54	1.80	1.61	1.03	1.51
EPS (Diluted)	1.60	1.54	1.80	1.61	1.03	1.51
EPS Growth	-9.37%	-14.35%	11.56%	56.31%	-31.79%	57.83%
Dividend Per Share	0.560	0.560	0.520	0.500	0.480	0.480
Dividend Growth	1.82%	7.69%	4.00%	4.17%	0%	9.09%
Effective Tax Rate	17.83%	14.72%	13.93%	13.31%	8.82%	12.08%

Source: S&P Capital IQ. Banks template. Financial Sources.