Private company

OLD POINT FINANCIAL CORP

OLD POINT FINANCIAL CORP is an American national commercial bank based in Hampton.1

Last updated Oct 20, 2026.

Overview

  • IndustryNational Commercial Banks1
  • HeadquartersHampton, Virginia1
  • Incorporated inVA2
  • Business address1 West Mellen St, Hampton, Va 236632
  • Filer categoryNon-accelerated filer, Smaller reporting company2

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The Company’s primary activity is as a holding company for the common stock of the Bank and Wealth. The principal business of the Company is conducted through its subsidiaries.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

11.1%Net margin4
6.6%Revenue growth, 20244
8.3%Return on equity4
$13.2MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs87¢$74.4M
  • Income tax2¢$1.9M
  • Profit11¢$9.5M

Out of $85.8M in revenue.4

Where each dollar of operating cash went, fiscal 2024

  • Capital spending10¢$1.4M
  • Dividends paid19¢$2.8M
  • Kept or used elsewhere71¢$10.4M

Out of $14.6M of cash from operations.4

Financial statements

Revenue567894$85.8M in 2024+67% since 2018
0$25.0M$50.0M$75.0M$100.0M2018: $51.5M$51.5M20182019: $54.3M$54.3M2019+5%2020: $54.7M$54.7M2020+1%2021: $57.1M$57.1M2021+4%2022: $61.5M$61.5M2022+8%2023: $80.5M$80.5M2023+31%2024: $85.8M$85.8M2024+7%
Net income567894$9.5M in 2024+93% since 2018
0$2.5M$5.0M$7.5M$10.0M2018: $4.9M$4.9M20182019: $7.9M$7.9M2019+60%2020: $5.4M$5.4M2020−31%2021: $8.4M$8.4M2021+57%2022: $9.1M$9.1M2022+8%2023: $7.7M$7.7M2023−15%2024: $9.5M$9.5M2024+23%
Fiscal year2018201920202021202220232024
Revenue$51.5M5$54.3M6$54.7M7$57.1M8$61.5M9$80.5M4$85.8M4
Operating expenses$47.4M8$51.0M9$71.4M4$74.4M4
Interest$5.0M5$6.4M6$5.3M7$3.5M8$3.6M9$18.4M9
Income before tax$9.7M8$10.6M9$9.1M4$11.4M4
Income tax$279.0K5$1.1M6$521.0K7$1.3M8$1.5M9$1.3M4$1.9M4
Net income$4.9M5$7.9M6$5.4M7$8.4M8$9.1M9$7.7M4$9.5M4
Earnings per share$0.965$1.516$1.037$1.618$1.809$1.544$1.884
Earnings per share (diluted)$0.965$1.516$1.037$1.618$1.809$1.544$1.884
Shares (weighted, basic)5.2M shares85.1M shares95.0M shares45.1M shares4
Shares (weighted, diluted)5.2M shares85.1M shares95.0M shares45.1M shares4

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Corporate structure

OLD POINT FINANCIAL CORP sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of OLD POINT FINANCIAL CORP

  • PL Capital Advisors, LLC Filed SCHEDULE 13D/A on OLD POINT FINANCIAL CORP, latest Sep 8, 2025 (6 filings since Jan 31, 2022)
  • Fourthstone LLC Filed SCHEDULE 13G/A on OLD POINT FINANCIAL CORP, latest Aug 14, 2025 (2 filings since Feb 14, 2025)
  • Towne Trust Company, N.A Filed SCHEDULE 13G on OLD POINT FINANCIAL CORP, latest Feb 14, 2025
  • FJ Capital Management LLC Filed SCHEDULE 13G/A on OLD POINT FINANCIAL CORP, latest Feb 11, 2025 (4 filings since Feb 8, 2023)
  • SOUTHERN BANCSHARES NC INC Filed SC 13D/A on OLD POINT FINANCIAL CORP, latest Aug 9, 2023 (2 filings since May 12, 2022)
  • OLD POINT FINANCIAL CORP Hampton, Virginia

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What OLD POINT FINANCIAL CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$68.0M4 Dec 31, 2024$66.6M4 Dec 31, 2023+2.1%
Accumulated depreciation$38.8M4 Dec 31, 2024$36.7M4 Dec 31, 2023+5.7%
Property and equipment, net$29.2M4 Dec 31, 2024$29.9M4 Dec 31, 2023−2.4%
Operating-lease assets (leased space)$793.0K4 Dec 31, 2024$1.1M4 Dec 31, 2023−30.9%

Investments

ItemLatestA year beforeChange
Debt securities available for sale$218.1M4 Dec 31, 2024$202.2M4 Dec 31, 2023+7.8%
Deposits held (banks)$1.3B4 Dec 31, 2024$1.2B4 Dec 31, 2023+2.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.6M4 Dec 31, 2024$1.6M4 Dec 31, 20230%
Finite-lived intangibles, net$143.0K4 Dec 31, 2024$187.0K4 Dec 31, 2023−23.5%

Properties, in its own words

As of December 31, 2024, the Company owned and leased buildings in the normal course of business. It owns its main office, which houses its corporate headquarters and includes a branch at 101 East Queen Street, Hampton, Virginia. Additionally, the Bank owns its Wealth headquarters. As of March 17, 2025, the Bank operated 13 branches in the Hampton Roads area of Virginia.

For more information concerning the amounts recorded for premises and equipment and commitments under current leasing agreements, see “Note 4. Premises and Equipment” and “Note 5. Leases” of the Notes to Consolidated Financial Statements included in Item 8, “Financial Statements and Supplementary Data” of this report on Form 10-K.

Item 2 of the 10-K filed Mar 31, 2025.3

Leadership

Who has led OLD POINT FINANCIAL CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert F. Shuford2007–2019

Chair

  1. Robert F. Shuford2007–2019

President

  1. Robert F. Shuford2007–2019
  2. Joseph R. Witt2021–now

Chief financial officer

  1. Laurie D. Grabow2007–2017
  2. Jeffrey W. Farrar2017–2019
  3. Elizabeth T. Beale2019–2023
  4. Paul M. Pickett2023–2024
  5. Cathy W. Liles2024–now
2010201520202025
Board members and other officers (29)

Timeline

  1. Sep 2, 20258-K Completed an acquisition or sale; Listing notice or transfer; Change to shareholders' rights48
  2. Aug 15, 20258-K Other events49
  3. Jul 30, 20258-K Results of operations50
  4. Jul 2, 20258-K Shareholder vote; Regulation FD disclosure51
  5. Jun 23, 20258-K Other events52
  6. May 27, 20258-K Regulation FD disclosure53
  7. Apr 30, 20258-K Results of operations54
  8. Apr 7, 20258-K Entered a material agreement; Executive or director change; Other events55
  9. Apr 3, 20258-K Other events56
  10. Feb 19, 20258-K Regulation FD disclosure57
  11. Jan 30, 20258-K Results of operations58
  12. Nov 20, 20248-K Regulation FD disclosure59
  13. May 7, 2007New chief executive Robert F. Shuford becomes CEO13

Calendar

When it reported results

  1. Jul 30, 2025Reported quarterly or annual results50
  2. Apr 30, 2025Reported quarterly or annual results54
  3. Jan 30, 2025Reported quarterly or annual results58
  4. Oct 24, 2024Reported quarterly or annual results60
  5. Jul 25, 2024Reported quarterly or annual results61
  6. Apr 30, 2024Reported quarterly or annual results62
  7. Jan 31, 2024Reported quarterly or annual results63
  8. Oct 26, 2023Reported quarterly or annual results64

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

301 filings to the SEC since October 2021: 5 annual reports, 12 quarterly reports, 53 major events, 193 insider forms, 15 large holders, 23 other. The latest 20:

  1. Sep 12, 202515-12G EDGAR
  2. Sep 8, 2025SCHEDULE 13D/A EDGAR
  3. Sep 3, 20254 PRIMARY DOCUMENT EDGAR
  4. Sep 3, 20254 PRIMARY DOCUMENT EDGAR
  5. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  6. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  7. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  8. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  10. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  11. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  13. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  17. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. Sep 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  19. Sep 2, 202525-NSE EDGAR
  20. Sep 2, 2025S-8 POS EDGAR

The 301 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

91 open-market trades by officers, directors and large owners since October 2021: 90 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 5, 2024Wash Elizabeth SDirectorBuy965$18.61$18.0KForm 4
Aug 2, 2024Golden Sarah BDirectorBuy495$18.81$9.3KForm 4
Aug 1, 2024Golden Sarah BDirectorBuy500$19.40$9.7KForm 4
Jul 31, 2024Golden Sarah BDirectorBuy500$19.45$9.7KForm 4
Jul 31, 2024WITT JOSEPH RPresidet/Financial Svcs. CSOBuy70$19.32$1.4KForm 4
Jul 30, 2024Golden Sarah BDirectorBuy900$18.00$16.2KForm 4
Jun 13, 2024PL Capital Advisors, LLC10% ownerBuy83,169$14.80$1.2MForm 4
Jun 6, 2024PALMER JOHN W10% ownerBuy3,803$14.78$56.2KForm 4
Jun 4, 2024LASHLEY RICHARD J10% ownerBuy3,769$14.75$55.6KForm 4
Jun 3, 2024LASHLEY RICHARD J10% ownerBuy3,100$15.00$46.5KForm 4
May 28, 2024PALMER JOHN W10% ownerBuy1,799$14.92$26.8KForm 4
May 17, 2024PL Capital Advisors, LLC10% ownerBuy2,101$14.92$31.3KForm 4
May 15, 2024PALMER JOHN W10% ownerBuy871$14.17$12.3KForm 4
May 14, 2024PALMER JOHN W10% ownerBuy17,403$14.25$248.0KForm 4
May 10, 2024WITT JOSEPH RPresidet/Financial Svcs. CSOBuy180$14.25$2.6KForm 4
Dec 5, 2023Golden Sarah BDirectorBuy59$16.95$1.0KForm 4
Dec 5, 2023GLASSER MICHAEL ADirectorBuy32$16.95$548Form 4
Dec 5, 2023LANGLEY TOM BDirectorBuy59$16.95$1.0KForm 4
Oct 31, 2023WITT JOSEPH RPresidet/Financial Svcs. CSOBuy80$16.10$1.3KForm 4
Aug 29, 2023GLASSER MICHAEL ADirectorBuy21$18.93$396Form 4

All 91 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How OLD POINT FINANCIAL CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROLD POINT FINANCIAL CORP1
  • CIK0000740971
  • Employer ID (EIN)54-12653733
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inVirginia3
  • Fiscal year endsDecember 311
  • Industry code (SIC)6021 National Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address1 West Mellen St, Hampton, VA 236631
  • Phone757-728-18761
  • Shares outstanding5,102,197 as of Aug 7, 202511
  • Public float$52.0M as of Jun 28, 20243
  • AuditorYount, Hyde & Barbour, P.C., Richmond, Virginia PCAOB ID 613; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceFeb 10, 19951
  • Filings1,456 in all: 4 (812), 8-K (279), 10-Q (91), DEF 14A (30), 3 (27), 4/A (25), 10-K (23), DEFA14A (21)1
    All 43 form types

    5 (17), 8-K/A (15), ARS (13), SC 13G/A (13), SC 13D/A (11), SC 13G (11), 10-K405 (8), S-8 (5), S-8 POS (5), SC 13D (5), 425 (4), PRE 14A (4), 3/A (3), PREM14A (3), SCHEDULE 13G/A (3), UPLOAD (3), 10-Q/A (2), 13F-HR (2), 13F-HR/A (2), CORRESP (2), SCHEDULE 13D/A (2), SCHEDULE 13G (2), 10-K/A (1), 10-K405/A (1), 15-12G (1), 25-NSE (1), 424B3 (1), D (1), DEFM14A (1), DEFR14A (1), DFAN14A (1), EFFECT (1), NT 10-K (1), S-4 (1), S-4/A (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2025
    Quarterly report (10-Q) Aug 14, 2025
    Proxy statement (DEF 14A) Apr 17, 2024
    Latest 8-K (8-K) Sep 2, 2025

Securities registered for trading

ClassSymbolExchange
Common Stock, $5.00 par value per shareOPOFNASDAQ

From the cover page of the 10-K filed Mar 31, 2025 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks OLD POINT FINANCIAL CORP names in Item 1A of its 10-K filed Mar 31, 2025: 37 risks under these headings, as written.3

  • Weaknesses in economic or market conditions, or adverse developments in the financial services industry, could pose challenges for the Company and could adversely affect the results of operations, liquidity, and financial condition.
  • Weaknesses in the commercial real estate markets could negatively affect the Company's financial performance and results of operations due to the Company's concentration in commercial real estate loans.
  • The Company's profitability depends significantly on local economic conditions and changes in the federal government's military or defense spending may negatively affect the local economy, which could adversely affect the Company’s results of operations and financial condition.
  • Declines in loans outstanding could have a material adverse impact on the Company's operating results and financial condition.
  • The small-to-medium size businesses the Company targets may have fewer financial resources to weather a downturn in the economy, which could materially harm operating results.
  • The allowance for credit losses (ACL) may not be adequate to cover actual losses, which could adversely affect our results of operations, business, and financial condition.
  • The Company is subject to physical and financial risks associated with climate change and other weather and natural disaster impacts.
  • The Company is subject to interest rate risk and variations in interest rates may negatively affect its financial condition and results of operations.
  • The Company relies substantially on deposits obtained from customers in our target markets to provide liquidity and support growth, and liquidity risk could harm the Company’s ability to fund its operations, which could have a material adverse impact on the Company’s financial condition.
  • The Company’s liquidity could be impaired by an inability to access short-term funding or the inability to monetize liquid assets.
  • Consumers may increasingly decide not to use banks to complete their financial transactions, which could have a material adverse impact on the Company’s financial condition and operations.
  • Competition from other financial institutions and financial intermediaries may adversely affect the Company’s future success, profitability, financial condition, and results of operations.
The other 25 risks
  • The soundness of other financial institutions may adversely affect the Company.
  • Market risk affects the earnings of Wealth.
  • The Bank is required to maintain capital to meet regulatory requirements, and the Bank’s failure to maintain sufficient capital could adversely affect the Company's financial condition, liquidity, results of operation and ability to maintain regulatory compliance.
  • The Company and its subsidiaries are subject to operational risk, which could adversely affect business, financial condition, and results of operation.
  • System failures, interruptions, breaches of security, or the failure of a third-party provider to perform its obligations could adversely impact the Company's business operations and financial condition.
  • The Company and its subsidiaries, including the Bank, and its and their employees and customers may in the future be the target of criminal cyberattacks; and we could be exposed to liability and remedial costs, and our reputation and business could suffer.
  • The Company's accounting estimates and risk management processes rely on analytical and forecasting models.
  • The Company is dependent on key personnel and the loss of one or more of those key personnel could harm its business.
  • The Company may not be able to compete effectively without the appropriate use of current technology.
  • The development and use of artificial intelligence (“AI”) presents risks and challenges that may adversely impact our business.
  • Risks Related to the Regulation of the Company
  • The Company may be adversely affected by changes in government monetary policy.
  • The Company and its subsidiaries are subject to extensive regulation which could adversely affect them.
  • The financial services industry may be subject to new or changing legislation, regulation and government policy, which could affect the banking industry and the broader economy.
  • The CFPB may increase our regulatory compliance burden and could affect the consumer financial products and services that the Company offers.
  • Increased scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to environmental, social and governance (ESG) practices may impose additional costs on the Company or expose it to new or additional risks.
  • Failure to comply with the USA Patriot Act, OFAC, the Bank Secrecy Act and related FinCEN guidelines and related regulations could have a material impact on the Company.
  • Current and to-be-effective laws and regulations addressing consumer privacy and data use and security could increase our costs and failure to comply with such laws and regulations could impact our business, financial condition, and reputation.
  • Risks Related to Our Common Stock
  • The Company’s common stock price may be volatile, which could result in losses to investors.
  • The Company's substantial dependence on dividends from its subsidiaries may prevent it from paying dividends to its stockholders and adversely affect its business, results of operations or financial condition.
  • The trading volume of our common stock may not provide adequate volume for investors, and future sales of the Company's common stock by stockholders or the perception that those sales could occur may cause the common stock price to decline.
  • Future issuances of the Company's common stock could adversely affect the market price of the common stock and could be dilutive.
  • General Risk Factors
  • Negative public opinion could damage the Company's reputation and adversely impact the Company's business, financial condition, and results of operation.
  • The Company may need to raise additional capital in the future and such capital may not be available when needed or at all.
  • Natural disasters, severe weather events, acts of war or terrorism, pandemics or endemics, climate change and other external events could significantly impact our business.
  • The Company or any of its subsidiaries may become party from time to time to various claims, lawsuits, and other actions, all of which are subject to many uncertainties such that expenses and ultimate exposure with respect to many of these matters cannot be ascertained.

Legal proceedings

Neither the Company nor any of its subsidiaries is a party to any material pending legal proceedings before any court, administrative agency, or other tribunal.

The opening of Item 3, Legal Proceedings.3

Sources

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