2021 Q1 Form 10-Q Financial Statement

#000114036121017339 Filed on May 14, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $15.11M $13.26M
YoY Change 13.93% -0.21%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $538.0K $544.0K
YoY Change -1.1% -2.86%
% of Gross Profit
Operating Expenses $11.53M $11.90M
YoY Change -3.09% 7.83%
Operating Profit
YoY Change
Interest Expense $822.0K $1.568M
YoY Change -47.58% 3.36%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $3.582M $1.366M
YoY Change 162.23% -39.5%
Income Tax $570.0K $116.0K
% Of Pretax Income 15.91% 8.49%
Net Earnings $3.012M $1.250M
YoY Change 140.96% -38.33%
Net Earnings / Revenue 19.93% 9.42%
Basic Earnings Per Share $0.58 $0.24
Diluted Earnings Per Share $0.58 $0.24
COMMON SHARES
Basic Shares Outstanding 5.225M 5.200M
Diluted Shares Outstanding 5.225M 5.201M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $177.4M $78.13M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $32.30M $35.14M
YoY Change -8.07% -5.8%
Goodwill $1.650M $1.650M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $900.0K $900.0K
YoY Change 0.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.258B $1.065B
YoY Change 18.06% 3.74%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $11.00M $4.100M
YoY Change 168.29% 13.89%
Deferred Revenue
YoY Change
Short-Term Debt $6.204M $4.817M
YoY Change 28.79% -80.42%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $11.00M $4.100M
YoY Change 168.29% 13.89%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $1.800M
YoY Change -100.0% -25.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $1.800M
YoY Change -100.0% -25.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.00M $4.100M
Total Long-Term Liabilities $0.00 $1.800M
Total Liabilities $1.140B $955.2M
YoY Change 19.31% 3.62%
SHAREHOLDERS EQUITY
Retained Earnings $68.25M $63.60M
YoY Change 7.3%
Common Stock $47.30M $46.97M
YoY Change 0.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $117.9M $110.0M
YoY Change
Total Liabilities & Shareholders Equity $1.258B $1.065B
YoY Change 18.06% 3.74%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $3.012M $1.250M
YoY Change 140.96% -38.33%
Depreciation, Depletion And Amortization $538.0K $544.0K
YoY Change -1.1% -2.86%
Cash From Operating Activities $14.19M -$1.332M
YoY Change -1165.47% -180.58%
INVESTING ACTIVITIES
Capital Expenditures $126.0K $368.0K
YoY Change -65.76% -26.1%
Acquisitions
YoY Change
Other Investing Activities $18.50M -$20.69M
YoY Change -189.42% -738.58%
Cash From Investing Activities $18.37M -$21.06M
YoY Change -187.27% -867.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 24.40M 10.65M
YoY Change 129.07% -177.11%
NET CHANGE
Cash From Operating Activities 14.19M -1.332M
Cash From Investing Activities 18.37M -21.06M
Cash From Financing Activities 24.40M 10.65M
Net Change In Cash 56.97M -11.74M
YoY Change -585.45% 24.6%
FREE CASH FLOW
Cash From Operating Activities $14.19M -$1.332M
Capital Expenditures $126.0K $368.0K
Free Cash Flow $14.07M -$1.700M
YoY Change -927.41% -247.19%

Facts In Submission

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CY2020Q4 us-gaap Financing Receivable Collectively Evaluated For Impairment
FinancingReceivableCollectivelyEvaluatedForImpairment
834184000
CY2021Q1 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2011000
CY2020Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
FinancingReceivableIndividuallyEvaluatedForImpairment
2116000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
316000
CY2020 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2005000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9541000
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9660000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9661000
CY2021Q1 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
308000
CY2020Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
319000
CY2020Q4 us-gaap Goodwill
Goodwill
1650000
CY2021Q1 us-gaap Goodwill
Goodwill
1650000
CY2021Q1 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2035000
CY2020 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
3257000
CY2021Q1 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
55000
CY2020Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
11000
CY2020 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
67000
CY2021Q1 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
2000
CY2021Q1 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
969000
CY2020Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
424000
CY2021Q1 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1042000
CY2020Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1692000
CY2021Q1 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
3253000
CY2020Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
4200000
CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
3582000
CY2020Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1366000
CY2020Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
116000
CY2021Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
570000
CY2020Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
-1426000
CY2021Q1 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities
5667000
CY2021Q1 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-1765000
CY2020Q1 us-gaap Increase Decrease In Federal Funds Purchased And Securities Sold Under Agreements To Repurchase Net
IncreaseDecreaseInFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchaseNet
-6785000
CY2021Q1 us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
-5122000
CY2020Q1 us-gaap Increase Decrease In Mortgage Loans Held For Sale
IncreaseDecreaseInMortgageLoansHeldForSale
1719000
CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
573000
CY2021Q1 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
425000
CY2021Q1 us-gaap Increase Decrease In Savings Deposits
IncreaseDecreaseInSavingsDeposits
26406000
CY2020Q1 us-gaap Increase Decrease In Savings Deposits
IncreaseDecreaseInSavingsDeposits
29816000
CY2021Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-6561000
CY2020Q1 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-12322000
CY2020Q1 us-gaap Information Technology And Data Processing
InformationTechnologyAndDataProcessing
819000
CY2020Q1 us-gaap Interest And Dividend Income Operating
InterestAndDividendIncomeOperating
9986000
CY2021Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
9954000
CY2020Q1 us-gaap Interest And Fee Income Loans And Leases
InterestAndFeeIncomeLoansAndLeases
8827000
CY2021Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
311000
CY2020Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
384000
CY2020Q1 us-gaap Interest Expense
InterestExpense
1568000
CY2021Q1 us-gaap Interest Expense
InterestExpense
822000
CY2020Q1 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
340000
CY2021Q1 us-gaap Interest Expense Savings Deposits
InterestExpenseSavingsDeposits
215000
CY2020Q1 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
22000
CY2021Q1 us-gaap Interest Expense Federal Funds Purchased And Securities Sold Under Agreements To Repurchase
InterestExpenseFederalFundsPurchasedAndSecuritiesSoldUnderAgreementsToRepurchase
23000
CY2020Q1 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
234000
CY2021Q1 us-gaap Interest Expense Federal Home Loan Bank And Federal Reserve Bank Advances Long Term
InterestExpenseFederalHomeLoanBankAndFederalReserveBankAdvancesLongTerm
0
CY2020Q1 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
972000
CY2021Q1 us-gaap Interest Expense Time Deposits
InterestExpenseTimeDeposits
584000
CY2021Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
181000
CY2020Q1 us-gaap Interest Income Securities Tax Exempt
InterestIncomeSecuritiesTaxExempt
86000
CY2021Q1 us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
43000
CY2020Q1 us-gaap Interest Income Other Domestic Deposits
InterestIncomeOtherDomesticDeposits
151000
CY2020Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
8118000
CY2021Q1 us-gaap Interest Income Expense After Provision For Loan Loss
InterestIncomeExpenseAfterProvisionForLoanLoss
10006000
CY2020Q1 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
12000
CY2021Q1 us-gaap Interest Income Federal Funds Sold
InterestIncomeFederalFundsSold
0
CY2020Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
8418000
CY2021Q1 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
10156000
CY2020Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
864000
CY2021Q1 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
770000
CY2020Q1 us-gaap Interest Paid Net
InterestPaidNet
1639000
CY2021Q1 us-gaap Interest Paid Net
InterestPaidNet
891000
CY2021Q1 us-gaap Interest Receivable
InterestReceivable
3302000
CY2020Q4 us-gaap Interest Receivable
InterestReceivable
3613000
CY2021Q1 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
144982000
CY2020Q4 us-gaap Interest Bearing Deposits In Banks
InterestBearingDepositsInBanks
98633000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
240000
CY2021Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
72000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
213000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1349000
CY2021Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1257638000
CY2021Q1 us-gaap Liabilities
Liabilities
1139715000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
248000
CY2021Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
339000
CY2020Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
5994000
CY2021Q1 us-gaap Labor And Related Expense
LaborAndRelatedExpense
6227000
CY2020Q1 us-gaap Lease Cost
LeaseCost
88000
CY2021Q1 us-gaap Lease Cost
LeaseCost
104000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1226191000
CY2020Q4 us-gaap Liabilities
Liabilities
1109046000
CY2020Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
14413000
CY2021Q1 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
9291000
CY2020Q1 us-gaap Loans And Leases Receivable Impaired Interest Income Recognized Change In Present Value Attributable To Passage Of Time
LoansAndLeasesReceivableImpairedInterestIncomeRecognizedChangeInPresentValueAttributableToPassageOfTime
0
CY2021Q1 us-gaap Loans And Leases Receivable Impaired Interest Income Recognized Change In Present Value Attributable To Passage Of Time
LoansAndLeasesReceivableImpairedInterestIncomeRecognizedChangeInPresentValueAttributableToPassageOfTime
0
CY2020Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9541000
CY2021Q1 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
9661000
CY2020Q1 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0
CY2021Q1 us-gaap Loans And Leases Receivable Impaired Commitment To Lend
LoansAndLeasesReceivableImpairedCommitmentToLend
0
CY2020Q4 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
2100000
CY2021Q1 us-gaap Loans And Leases Receivable Deferred Income
LoansAndLeasesReceivableDeferredIncome
1800000
CY2020Q4 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
836300000
CY2021Q1 us-gaap Loans And Leases Receivable Gross Carrying Amount
LoansAndLeasesReceivableGrossCarryingAmount
807661000
CY2020Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
14413000
CY2021Q1 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
9291000
CY2020Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
78000
CY2021Q1 us-gaap Loans And Leases Receivable Impaired Interest Lost On Nonaccrual Loans
LoansAndLeasesReceivableImpairedInterestLostOnNonaccrualLoans
27000
CY2020Q1 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
78000
CY2021Q1 us-gaap Loans And Leases Receivable Impaired Troubled Debt Interest Income
LoansAndLeasesReceivableImpairedTroubledDebtInterestIncome
27000
CY2020Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
826759000
CY2021Q1 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
798000000
CY2021Q1 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
10995000
CY2020Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
28550000
CY2021Q1 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
798000000
CY2020Q4 us-gaap Loans Receivable Fair Value Disclosure
LoansReceivableFairValueDisclosure
826759000
CY2020Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
28550000
CY2021Q1 us-gaap Loans Payable To Bank
LoansPayableToBank
10995000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
1250000
CY2021Q1 us-gaap Net Income Loss
NetIncomeLoss
3012000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3012000
CY2020Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1332000
CY2021Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
14192000
CY2021Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
18374000
CY2020Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-21055000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1250000
CY2020Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1250000
CY2021Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3012000
CY2020Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
10652000
CY2021Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
24401000
CY2020Q1 us-gaap Net Change Noninterest Bearing Deposits Domestic
NetChangeNoninterestBearingDepositsDomestic
-4454000
CY2021Q1 us-gaap Net Change Noninterest Bearing Deposits Domestic
NetChangeNoninterestBearingDepositsDomestic
24477000
CY2020Q4 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
360602000
CY2021Q1 us-gaap Noninterest Bearing Deposit Liabilities
NoninterestBearingDepositLiabilities
385079000
CY2020Q1 us-gaap Noninterest Expense
NoninterestExpense
10030000
CY2021Q1 us-gaap Noninterest Expense
NoninterestExpense
10558000
CY2021Q1 us-gaap Noninterest Income
NoninterestIncome
4134000
CY2020Q1 us-gaap Noninterest Income
NoninterestIncome
3278000
CY2021Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2020Q1 us-gaap Occupancy Net
OccupancyNet
1266000
CY2021Q1 us-gaap Occupancy Net
OccupancyNet
1202000
CY2020Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
84000
CY2021Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
139000
CY2021Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0176
CY2020Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1378000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
751000
CY2021Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
1277000
CY2020Q1 us-gaap Operating Expenses
OperatingExpenses
11898000
CY2021Q1 us-gaap Operating Expenses
OperatingExpenses
11530000
CY2021Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
104000
CY2020Q1 us-gaap Operating Lease Cost
OperatingLeaseCost
88000
CY2020Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilities
CY2019Q4 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilities
CY2021Q1 us-gaap Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
us-gaap:OtherLiabilities
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
751000
CY2020Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1364000
CY2021Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1260000
CY2021Q1 us-gaap Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
us-gaap:OtherAssets
CY2020Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
88000
CY2021Q1 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
104000
CY2021Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M2D
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0
CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
0
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0
CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
0
CY2020Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0
CY2021Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
0
CY2021Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1694000
CY2020Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-445000
CY2021Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-2144000
CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Before Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeTax
-563000
CY2020Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-118000
CY2021Q1 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-450000
CY2021Q1 us-gaap Other Borrowings
OtherBorrowings
0
CY2020Q4 us-gaap Other Borrowings
OtherBorrowings
1350000
CY2021Q1 us-gaap Other Assets
OtherAssets
13621000
CY2020Q4 us-gaap Other Assets
OtherAssets
12838000
CY2020Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-118000
CY2021Q1 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-450000
CY2021Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-2144000
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-563000
CY2020Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
4036000
CY2021Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
4331000
CY2020Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-445000
CY2021Q1 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-1694000
CY2020Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
46000
CY2021Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
30000
CY2020Q4 us-gaap Other Liabilities
OtherLiabilities
5291000
CY2021Q1 us-gaap Other Liabilities
OtherLiabilities
10958000
CY2020Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
894000
CY2021Q1 us-gaap Other Noninterest Expense
OtherNoninterestExpense
932000
CY2020Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-563000
CY2021Q1 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Before Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentBeforeTaxPortionAttributableToParent
-2144000
CY2021Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
626000
CY2020Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
624000
CY2021Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
16008000
CY2020Q1 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
13570000
CY2021Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
126000
CY2020Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
368000
CY2020Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
25000000
CY2021Q1 us-gaap Proceeds From Federal Home Loan Bank Borrowings
ProceedsFromFederalHomeLoanBankBorrowings
0
CY2021Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
400000
CY2020Q1 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
2500000
CY2020Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
0
CY2021Q1 us-gaap Proceeds From Sale Of Available For Sale Securities
ProceedsFromSaleOfAvailableForSaleSecurities
1300000
CY2020Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
21000
CY2021Q1 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
25000
CY2021Q1 us-gaap Professional Fees
ProfessionalFees
545000
CY2020Q1 us-gaap Professional Fees
ProfessionalFees
475000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
33613000
CY2021Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
32299000
CY2020Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
300000
CY2021Q1 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
150000
CY2020 us-gaap Provision For Loan And Lease Losses
ProvisionForLoanAndLeaseLosses
1000000
CY2021Q1 us-gaap Qualified Affordable Housing Project Investments Commitment
QualifiedAffordableHousingProjectInvestmentsCommitment
18000
CY2020Q4 us-gaap Qualified Affordable Housing Project Investments Commitment
QualifiedAffordableHousingProjectInvestmentsCommitment
18000
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
672000
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1277000
CY2020Q1 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
0
CY2021Q1 us-gaap Repayments Of Bank Debt
RepaymentsOfBankDebt
17555000
CY2020Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
20000000
CY2021Q1 us-gaap Repayments Of Federal Home Loan Bank Borrowings
RepaymentsOfFederalHomeLoanBankBorrowings
0
CY2020Q4 us-gaap Restricted Investments
RestrictedInvestments
1367000
CY2021Q1 us-gaap Restricted Investments
RestrictedInvestments
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CY2020Q4 us-gaap Restricted Investments At Fair Value
RestrictedInvestmentsAtFairValue
1367000
CY2021Q1 us-gaap Restricted Investments At Fair Value
RestrictedInvestmentsAtFairValue
1033000
CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
65859000
CY2021Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
68245000
CY2021Q1 us-gaap Revenues
Revenues
15112000
CY2020Q1 us-gaap Revenues
Revenues
13264000
CY2020 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
21092000
CY2021Q1 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
7032000
CY2021Q1 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
6606000
CY2020 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
9080000
CY2020Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
6619000
CY2021Q1 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
6204000
CY2020Q1 us-gaap Share Based Compensation
ShareBasedCompensation
86000
CY2021Q1 us-gaap Share Based Compensation
ShareBasedCompensation
61000
CY2021Q1 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0010
CY2020 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0019
CY2021Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
6204000
CY2020Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
6619000
CY2021Q1 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0010
CY2020Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0010
CY2021Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
25000
CY2020Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
21000
CY2020Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0
CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
117145000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
117923000
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
109756000
CY2020Q1 us-gaap Stockholders Equity
StockholdersEquity
110044000
CY2020Q1 us-gaap Taxes Other
TaxesOther
150000
CY2021Q1 us-gaap Taxes Other
TaxesOther
251000
CY2021Q1 us-gaap Time Deposits
TimeDeposits
187137000
CY2020Q4 us-gaap Time Deposits
TimeDeposits
193698000
CY2020Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
236000
CY2021Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0
CY2021Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0
CY2020Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1000
CY2020Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5200250
CY2021Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
5224501
CY2021Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5224501
CY2020Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
5200989
CY2021Q1 dei Amendment Flag
AmendmentFlag
false
CY2021Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2021Q1 dei Document Period End Date
DocumentPeriodEndDate
2021-03-31
CY2021Q1 dei Entity Address State Or Province
EntityAddressStateOrProvince
VA
CY2021Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2021Q1 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2021Q1 dei Entity Registrant Name
EntityRegistrantName
OLD POINT FINANCIAL CORP
CY2021Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000740971
CY2021Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
5240433
CY2021Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2021
CY2021Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2021Q1 dei Document Type
DocumentType
10-Q
CY2021Q1 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2021Q1 dei Entity Shell Company
EntityShellCompany
false
CY2021Q1 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2021Q1 dei Entity Small Business
EntitySmallBusiness
true
CY2020Q1 opof Paydowns On Available For Sale Securities
PaydownsOnAvailableForSaleSecurities
3459000
CY2021Q1 opof Paydowns On Available For Sale Securities
PaydownsOnAvailableForSaleSecurities
3850000
CY2020Q1 opof Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield Other Changes Net
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYieldOtherChangesNet
0
CY2021Q1 opof Certain Loans Acquired In Transfer Accounted For As Debt Securities Accretable Yield Other Changes Net
CertainLoansAcquiredInTransferAccountedForAsDebtSecuritiesAccretableYieldOtherChangesNet
0
CY2021Q1 opof Loan Rates Migration Analysis Period
LoanRatesMigrationAnalysisPeriod
8
CY2020 opof Loan Rates Migration Analysis Period
LoanRatesMigrationAnalysisPeriod
8
CY2020Q4 opof Financing Receivable Allowance For Credit Losses Acquired Impaired Loans
FinancingReceivableAllowanceForCreditLossesAcquiredImpairedLoans
0
CY2021Q1 opof Financing Receivable Allowance For Credit Losses Acquired Impaired Loans
FinancingReceivableAllowanceForCreditLossesAcquiredImpairedLoans
0
CY2021Q1 opof Number Of Quarters Remains On Each Migration Period
NumberOfQuartersRemainsOnEachMigrationPeriod
12
CY2020Q4 opof Other Borrowings Fair Value Disclosure
OtherBorrowingsFairValueDisclosure
1350000
CY2021Q1 opof Expected Affordable Housing Tax Benefit Amount
ExpectedAffordableHousingTaxBenefitAmount
10000
CY2020Q1 opof Expected Affordable Housing Tax Benefit Amount
ExpectedAffordableHousingTaxBenefitAmount
9000
CY2020Q1 opof Affordable Housing Tax Credits Amount
AffordableHousingTaxCreditsAmount
103000
CY2021Q1 opof Affordable Housing Tax Credits Amount
AffordableHousingTaxCreditsAmount
94000
CY2020 opof Expected Affordable Housing Tax Credits Amount
ExpectedAffordableHousingTaxCreditsAmount
361000
CY2021Q1 opof Affordable Housing Program Number Of Investments
AffordableHousingProgramNumberOfInvestments
4
CY2020Q4 opof Affordable Housing Program Number Of Investments
AffordableHousingProgramNumberOfInvestments
4
CY2021Q1 opof Number Of Branch Offices
NumberOfBranchOffices
16
CY2021Q1 opof Number Of Subsidiaries
NumberOfSubsidiaries
2
CY2020Q4 opof Federal Funds Lines Available Balance
FederalFundsLinesAvailableBalance
100000000
CY2021Q1 opof Federal Funds Lines Available Balance
FederalFundsLinesAvailableBalance
100000000
CY2020Q1 opof Property Transferred From Fixed Assets To Held For Sale Assets
PropertyTransferredFromFixedAssetsToHeldForSaleAssets
0
CY2021Q1 opof Property Transferred From Fixed Assets To Held For Sale Assets
PropertyTransferredFromFixedAssetsToHeldForSaleAssets
902000
CY2020Q1 opof Increase Decrease In Loans Held For Investment
IncreaseDecreaseInLoansHeldForInvestment
-12850000
CY2021Q1 opof Increase Decrease In Loans Held For Investment
IncreaseDecreaseInLoansHeldForInvestment
28624000
CY2020Q1 opof Payments For Proceeds From Restricted Investments
PaymentsForProceedsFromRestrictedInvestments
226000
CY2021Q1 opof Payments For Proceeds From Restricted Investments
PaymentsForProceedsFromRestrictedInvestments
-334000
CY2020Q1 opof Employee Professional Development
EmployeeProfessionalDevelopment
220000
CY2021Q1 opof Employee Professional Development
EmployeeProfessionalDevelopment
141000
CY2020Q1 opof Bad Checks And Other Losses
BadChecksAndOtherLosses
98000
CY2021Q1 opof Bad Checks And Other Losses
BadChecksAndOtherLosses
139000
CY2020 opof Operating Lease Number Of Leases Extended
OperatingLeaseNumberOfLeasesExtended
2
CY2020 opof Operating Lease Number Of New Leases
OperatingLeaseNumberOfNewLeases
3
CY2021Q1 opof Lessee Operating Lease Liability Payments Due After Year Three
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearThree
309000

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