Revenue during the year went up marginally by 0.04 percent to $38.79 million from $38.77 million in the previous year. Net interest income for the quarter rose 2.21 percent over the prior year period to $27.25 million. Non-interest income for the year rose 2.51 percent over the last year to $13.47 million.

Old Point Financial Corp has made provision of $1.93 million for loan losses during the year, up 88.29 percent from $1.02 million in the same period last year.

Net interest margin improved 10 basis points to 3.66 percent in the year from 3.56 percent in the last year.

Robert Shuford, Jr., president and chief executive officer of Old Point National Bank said, "After our first full year, the management team has made significant progress in transforming the bank, with significant improvements in the structure of our balance sheet, the strength of our credit culture, and the quality of our sales management process. As a direct result, our core earnings continue to improve, and we are experiencing the strongest organic loan growth since 2008."

Deposits stood at $784.50 million as on Dec. 31, 2016, up 5.09 percent compared with $746.47 million on Dec. 31, 2015.

Noninterest-bearing deposit liabilities were $228.64 million or 29.14 percent of total deposits on Dec. 31, 2016, compared with $215.09 million or 28.81 percent of total deposits on Dec. 31, 2015.

Investments stood at $199.36 million as on Dec. 31, 2016, down 6.92 percent or $14.83 million from year-ago. Shareholders equity was at $93.99 million as on Dec. 31, 2016.

Nonperforming assets moved up 4.04 percent or $0.43 million to $11.11 million on Dec. 31, 2016 from $10.68 million on Dec. 31, 2015. Meanwhile, nonperforming assets to total assets was 1.23 percent in the year, up from 1.19 percent in the last year.