OPOF Old Point Financial

Old Point Financial Corporation is the holding company for The Old Point National Bank of Phoebus and The Old Point Trust and Financial Services, N.A. The Banks provide a full range of banking and related financial services, including checking, savings, certificates of deposit, and loan services.

Company profile

Robert F. Shuford
Fiscal year end
Industry (SIC)
IRS number

OPOF stock data



14 May 21
28 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
8 Jun 21 Elizabeth S Wash Common Stock Buy Aquire P No No 23.73 200 4.75K 200
4 Jun 21 Langley Tom B Common Stock Buy Aquire P No No 23.3 1,000 23.3K 9,569.041
2 Jun 21 Keefe William F Common Stock Buy Aquire P No No 22.95 31 711.45 7,931
1 Jun 21 Keefe William F Common Stock Buy Aquire P No No 23 200 4.6K 7,900
28 May 21 Ralston Susan Common Stock Buy Aquire P No No 23.277 200 4.66K 3,489.041

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

29.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 21 19 +10.5%
Opened positions 3 1 +200.0%
Closed positions 1 3 -66.7%
Increased positions 6 3 +100.0%
Reduced positions 6 8 -25.0%
13F shares
Current Prev Q Change
Total value 36.83M 28.17M +30.7%
Total shares 1.57M 1.58M -0.7%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
PL Capital Advisors 519.86K $12.23M +14.0%
FJ Capital Management 512.1K $12.05M +0.0%
Old Point Trust & Financial Services N A 197.54K $4.65M +1.0%
Vanguard 137.39K $3.23M -3.7%
STT State Street 42.82K $1.01M +5.6%
PBMares Wealth Management 39.35K $925K 0.0%
Renaissance Technologies 31.04K $730K +2.3%
Fourthstone 28.97K $681K -71.5%
Dimensional Fund Advisors 20.01K $471K 0.0%
Geode Capital Management 15.06K $354K +1.6%
Largest transactions
Shares Bought/sold Change
Fourthstone 28.97K -72.59K -71.5%
PL Capital Advisors 519.86K +63.64K +14.0%
Vanguard 137.39K -5.23K -3.7%
STT State Street 42.82K +2.28K +5.6%
Old Point Trust & Financial Services N A 197.54K +1.88K +1.0%
Tower Research Capital 276 -1.22K -81.5%
WFC Wells Fargo & Co. 631 -1.05K -62.4%
UBS UBS Group AG - Registered Shares 923 +923 NEW
Renaissance Technologies 31.04K +700 +2.3%
Geode Capital Management 15.06K +244 +1.6%

Financial report summary

Management Discussion
  • Net income for 2020 was $5.4 million compared to $7.9 million in 2019. The decrease was primarily attributable to higher net interest income and non-interest income offset by increased provision for loan loss and non-interest expense.  As of December 31, 2020 return on average assets was 0.45% compared to 0.76% in 2019 and the return on average equity was 4.68% at December 31, 2020 compared to 7.33% in 2019.
  • In 2020, the Company recognized one-time pre-tax expenses of $1.1 million associated with three strategic initiatives: prepayment of FHLB advances, the ERIP, and a loss on sale of a non- or under-performing credit relationships. The impact of excluding these one-time strategic initiative expenses would be an increase of $900 thousand to net income and an increase of 8 basis points and 79 basis points to return on average assets and return on average equity, respectively.
  • During 2020, the Company experienced significant balance sheet growth. Assets as of December 31, 2020 were $1.2 billion, an increase of $171.7 million or 16.28% compared to assets as of December 31, 2019. Net loans held for investment increased $88.6 million, or 12.0% from December 31, 2019 to $826.8 million at December 31, 2020. The increase was primarily attributable to PPP loans. Securities available for sale, at fair value, increased $40.7 million from December 31, 2019 to $186.4 million at December 31, 2020, utilizing additional liquidity provided by growth in deposit accounts.
Content analysis
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