Company Information

  

Address: 1 WEST MELLEN ST  
City: HAMPTON 
State: VA 
Zip Code: 23663 
Telephone: 757-728-1876 

Description of Business

Primary SIC Code: 6021
(As filed with the SEC)  

Old Point Financial Corporation (the Company) was incorporated under the laws of Virginia on February 16, 1984, for the purpose of acquiring all the outstanding common stock of The Old Point National Bank of Phoebus (the Bank), in connection with the reorganization of the Bank into a one-bank holding company structure. At the annual meeting of the stockholders on March 27, 1984, the proposed reorganization was approved by the requisite stockholder vote. At the effective date of the reorganization on October 1, 1984, the Bank merged into a newly formed national bank as a wholly-owned subsidiary of the Company, with each outstanding share of common stock of the Bank being converted into five shares of common stock of the Company. The Company completed a spin-off of its trust department as of April 1, 1999. The organization is chartered as Old Point Trust & Financial Services, N.A. (Trust). Trust is a nationally chartered trust company.  ... More ...  

Per Share Overview

Date 12-mos Rolling EPS Dividend P/E Ratio
06/20170.870.11037.79
12/20160.770.10032.47
09/20160.750.10027.55
06/20160.650.10029.51
03/20160.800.10023.25
12/20150.730.09023.51
09/20150.940.09016.71
06/20150.910.08017.18

Key Financial Ratios and Statistics

FYE: 12/31

Profitability 2016 Leverage 2016
Net Inc/Comm Equity0.09Total Liab/Total Assets0.90
Net Inc/Total Assets0.00Total Liab/Inv Cap0.91
Net Inc/Inv Cap0.00Total Liab/Comm Equity19.62
Pretax Inc/Net Sales0.09Interest Coverage Ratio18.13
Net Inc/Net Sales0.09Curr Debt/Equity0.20
Cash Flow/Net Sales0.20LTD/EquityNA
SG&A/NetSales0.77Total Debt/Equity0.20
Asset Utilization   Liquidity  
Net Receivables TurnoverNAQuick RatioNA
Inventory TurnoverNACurrent RatioNA
Inventory Day SalesNANet Rec/Curr AssetsNA
Net Sales/Work CapNAInv/Curr AssetsNA
Net Sales/PP&E1.07  

Income Statement (Millions)

  6/30/2017 3/31/2017 12/31/2016 9/30/2016
Total Revenues(Net Sales) 12.15 10.89 10.78 10.76
Cost of Goods Sold 0.59 0.58 0.61 0.59
Selling & Admin Exps 9.06 8.53 8.12 8.32
Operating Income NA NA NA NA
Interest Exp 0.08 0.01 0.03 0.04
Pretax Income 1.21 0.94 0.94 1.54
Other Income NA NA NA NA
Net Income Bef Extraordinary ... NA NA NA NA
Net Income 1.16 0.94 0.90 1.33

Balance Sheet (Millions)

Assets 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Cash & Short Term Investments 201.06 216.69 226.19 238.93
Receivables - Total NA NA NA NA
Inventories - Total NA NA NA NA
Total Current Assets NA NA NA NA
Net Property, Plant & Equipment 38.37 39.94 40.39 40.98
Total Assets 952.52 922.78 902.97 905.76
Liabilities        
Accounts Payable 5.21 6.14 5.77 6.55
Debt in Current Liabilities 73.22 28.13 18.70 38.24
Total Current Liabilities NA NA NA NA
Long-Term Debt NA NA NA NA
Total Liabilities 855.61 827.66 808.98 809.29
Stockholder's Equity        
Minority Interest NA NA NA NA
Preferred Stock NA NA NA NA
Common Stock 24.92 24.89 24.81 24.80
Retained Earnings 57.97 57.36 56.97 56.57
Treasury Stock NA NA NA NA
Total Stockholders' Equity 96.91 95.12 93.99 96.47
Total Liabilities and Stockholders' Equity 952.52 922.78 902.97 905.76

Cash Flow Summary (Millions)

Categories 6/30/2017 3/31/2017 12/31/2016 9/30/2016
Net Cash Provided by Operating Activities 0.23 3.42 2.68 3.09
Net Cash Provided by Investing Activities -18.84 -26.84 -51.74 33.21
Net Cash Provided by Financing Activities 28.47 18.08 0.02 6.38

Annual Summary Data (Millions)

Year Sales Net Income EPS
12/201247.544.190.84
12/201342.603.160.64
12/201442.934.120.83
12/201543.433.630.73
12/201643.293.800.77
Growth Rates-2.31-2.41-2.15

Stock Ownership

Type Date(Q,M) No. Owners Shares Held (000s) % Own
Institutional09/30/17391,77635.61




Report Date : 10/16/2017

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