Old Point Financial Corporation (OPOF) has reported 58.21 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $1.33 million, or $0.27 a share in the quarter, compared with $0.84 million, or $0.17 a share for the same period last year.

Revenue during the quarter went up marginally by 2.64 percent to $10.23 million from $9.97 million in the previous year period. Net interest income for the quarter rose 1.63 percent over the prior year period to $6.80 million. Non-interest income for the quarter rose 3.23 percent over the last year period to $3.33 million.

Old Point Financial Corporation has made negative provision of $0.10 million for loan losses during the quarter, compared with a negative provision of $0.05 million in the same period last year.

"During the past year, the management team has worked diligently to restructure the balance sheet, strengthen our credit culture, and improve our sales management process," said Rob Shuford, Jr., Old Point National Bank's president and chief executive officer. "As a direct result, our core earnings continue to improve, and we are experiencing the strongest organic loan growth since 2008."

Investments stood at $162.22 million as on Sep. 30, 2016. Shareholders equity was at $96.47 million as on Sep. 30, 2016.