2024 Q1 Form 10-K Financial Statement

#000114036124016955 Filed on April 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $20.61M $80.50M
YoY Change 35.98% 30.79%
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 $534.0K $518.0K $2.100M
YoY Change 0.0% -0.96% 0.0%
% of Gross Profit
Operating Expenses $18.63M $71.44M
YoY Change 25.14% 40.16%
Operating Profit
YoY Change
Interest Expense $5.843M $18.43M
YoY Change 149.7% 411.15%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $1.979M $1.784M $9.064M
YoY Change -46.37% -42.71% -14.35%
Income Tax $262.0K $301.0K $1.334M
% Of Pretax Income 13.24% 16.87% 14.72%
Net Earnings $1.717M $1.483M $7.730M
YoY Change -44.31% -43.89% -15.13%
Net Earnings / Revenue 8.33% 9.6%
Basic Earnings Per Share $0.34 $1.54
Diluted Earnings Per Share $0.34 $0.29 $1.54
COMMON SHARES
Basic Shares Outstanding 5.040M 5.038M 5.025M
Diluted Shares Outstanding 5.040M 5.025M

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $93.31M $78.76M
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 $30.18M $29.91M $29.91M
YoY Change -1.39% -3.53% -3.53%
Goodwill $1.650M $1.650M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $344.0K $344.0K $344.0K
YoY Change -65.15% -65.15% -65.15%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.445B $1.446B $1.446B
YoY Change 2.07% 6.72% 6.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $8.755M $7.706M $7.706M
YoY Change 19.1% -10.18% -10.18%
Deferred Revenue
YoY Change
Short-Term Debt $31.39M $32.05M $32.05M
YoY Change -7.93% -30.18% -30.18%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $40.14M $39.76M $39.76M
YoY Change -3.13% 363.42% 363.42%
LONG-TERM LIABILITIES
Long-Term Debt $29.70M $29.67M $29.67M
YoY Change 0.44% 0.44% 0.44%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $29.70M $29.67M $29.67M
YoY Change 0.44% 0.44% 0.44%
TOTAL LIABILITIES
Total Short-Term Liabilities $40.14M $39.76M $39.76M
Total Long-Term Liabilities $29.70M $29.67M $29.67M
Total Liabilities $1.338B $1.340B $1.340B
YoY Change 1.85% 6.61% 6.61%
SHAREHOLDERS EQUITY
Retained Earnings $83.29M $82.28M
YoY Change 4.71% 5.28%
Common Stock $42.14M $42.03M
YoY Change 1.55% 1.64%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $107.6M $106.8M $106.8M
YoY Change
Total Liabilities & Shareholders Equity $1.445B $1.446B $1.446B
YoY Change 2.07% 6.72% 6.72%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $1.717M $1.483M $7.730M
YoY Change -44.31% -43.89% -15.13%
Depreciation, Depletion And Amortization $534.0K $518.0K $2.100M
YoY Change 0.0% -0.96% 0.0%
Cash From Operating Activities $3.778M $3.006M $11.00M
YoY Change 7.91% -20.5% -37.4%
INVESTING ACTIVITIES
Capital Expenditures $799.0K $163.0K $1.053M
YoY Change 514.62% -57.66% -22.23%
Acquisitions
YoY Change
Other Investing Activities $15.07M $5.106M -$31.49M
YoY Change -129.53% -107.27% -85.15%
Cash From Investing Activities $14.27M $4.943M -$32.55M
YoY Change -127.9% -107.0% -84.75%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.499M -6.830M 81.06M
YoY Change -106.09% -121.63% 197.98%
NET CHANGE
Cash From Operating Activities 3.778M 3.006M 11.00M
Cash From Investing Activities 14.27M 4.943M -32.55M
Cash From Financing Activities -3.499M -6.830M 81.06M
Net Change In Cash 14.55M 1.119M 59.51M
YoY Change 48.2% -103.17% -135.28%
FREE CASH FLOW
Cash From Operating Activities $3.778M $3.006M $11.00M
Capital Expenditures $799.0K $163.0K $1.053M
Free Cash Flow $2.979M $2.843M $9.943M
YoY Change -11.63% -16.28% -38.67%

Facts In Submission

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CY2023 dei Entity Registrant Name
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OLD POINT FINANCIAL CORP
CY2023 dei Entity Incorporation State Country Code
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VA
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54-1265373
CY2023 dei Entity Address Address Line1
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101 East Queen Street
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Hampton
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VA
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23669
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757
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728-1200
CY2023 dei Security12b Title
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Common Stock, $5.00 par value per share
CY2023 dei Trading Symbol
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OPOF
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NASDAQ
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Yount, Hyde & Barbour, P.C.
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Richmond, Virginia
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<div style="color: #000000; font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;">Significant Group Concentrations of Credit Risk</div> <div style="color: #000000; font-weight: bold; font-family: 'Times New Roman'; font-size: 10pt;"> <br/> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">Most of the Company’s activities are with customers located within the Hampton Roads region. The types of securities that the Company invests in are included in “Note 2. Securities.” The types of lending that the Company engages in are included in “Note 3. Loans and Allowance for Credit Losses on Loans.” The Company has significant concentrations in the following industries: construction, lessors of real estate, activities related to real estate, hotels, motels, and religious organizations. The Company does not have any significant concentrations to any one customer.</div> <div style="font-family: 'Times New Roman'; font-size: 10pt;"><br/> </div> <div style="text-align: justify; color: #000000; font-family: 'Times New Roman'; font-size: 10pt;">At December 31, 2023 and 2022, there were $578.1 million and $534.5 million, or 53.5% and 52.0%, respectively, of total loans concentrated in commercial real estate. Commercial real estate for purposes of this note includes all construction loans, loans secured by multifamily residential properties, loans secured by farmland and loans secured by nonfarm, nonresidential properties. Refer to “Note 3. Loans and Allowance for Credit Losses on Loans” for further detail.</div>
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FinancingReceivableRevolving
79559000
CY2023Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1080252000
CY2023 us-gaap Financing Receivable Year One Originated Current Fiscal Year Writeoff
FinancingReceivableYearOneOriginatedCurrentFiscalYearWriteoff
336000
CY2023 us-gaap Financing Receivable Year Two Originated Fiscal Year Before Current Fiscal Year Writeoff
FinancingReceivableYearTwoOriginatedFiscalYearBeforeCurrentFiscalYearWriteoff
1444000
CY2023 us-gaap Financing Receivable Year Three Originated Two Years Before Current Fiscal Year Writeoff
FinancingReceivableYearThreeOriginatedTwoYearsBeforeCurrentFiscalYearWriteoff
341000
CY2022 us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
425000
CY2023 us-gaap Financing Receivable Year Four Originated Three Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFourOriginatedThreeYearsBeforeCurrentFiscalYearWriteoff
131000
CY2023 us-gaap Financing Receivable Year Five Originated Four Years Before Current Fiscal Year Writeoff
FinancingReceivableYearFiveOriginatedFourYearsBeforeCurrentFiscalYearWriteoff
21000
CY2023 us-gaap Financing Receivable Originated More Than Five Years Before Current Fiscal Year Writeoff
FinancingReceivableOriginatedMoreThanFiveYearsBeforeCurrentFiscalYearWriteoff
130000
CY2023 us-gaap Financing Receivable Revolving Writeoff
FinancingReceivableRevolvingWriteoff
0
CY2023 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2403000
CY2022Q4 us-gaap Financing Receivable Recorded Investment Nonaccrual Status
FinancingReceivableRecordedInvestmentNonaccrualStatus
1243000
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
1027085000
CY2022Q4 us-gaap Impaired Financing Receivable Unpaid Principal Balance
ImpairedFinancingReceivableUnpaidPrincipalBalance
2180000
CY2022Q4 us-gaap Impaired Financing Receivable With No Related Allowance Recorded Investment
ImpairedFinancingReceivableWithNoRelatedAllowanceRecordedInvestment
1072000
CY2022Q4 us-gaap Impaired Financing Receivable With Related Allowance Recorded Investment
ImpairedFinancingReceivableWithRelatedAllowanceRecordedInvestment
784000
CY2022Q4 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
30000
CY2022 us-gaap Impaired Financing Receivable Average Recorded Investment
ImpairedFinancingReceivableAverageRecordedInvestment
2054000
CY2022 us-gaap Impaired Financing Receivable Interest Income Accrual Method
ImpairedFinancingReceivableInterestIncomeAccrualMethod
15000
CY2023Q4 opof Loans And Leases Receivables Gross Carrying Amount
LoansAndLeasesReceivablesGrossCarryingAmount
1080252000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
9865000
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
2022000
CY2022 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
977000
CY2022 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
1706000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
10526000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Individually Evaluated For Impairment1
FinancingReceivableAllowanceForCreditLossesIndividuallyEvaluatedForImpairment1
30000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
FinancingReceivableAllowanceForCreditLossesCollectivelyEvaluatedForImpairment
10496000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
10526000
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
66633000
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
65581000
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
36720000
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
34573000
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
29913000
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
31008000
CY2023 us-gaap Depreciation
Depreciation
2100000
CY2022 us-gaap Depreciation
Depreciation
2100000
CY2023 opof Operating Lease Number Of New Leases
OperatingLeaseNumberOfNewLeases
0
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1248000
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
1148000
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y4M13D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0306
CY2023 opof Expected Affordable Housing Tax Benefit Amount
ExpectedAffordableHousingTaxBenefitAmount
77000
CY2022 opof Expected Affordable Housing Tax Benefit Amount
ExpectedAffordableHousingTaxBenefitAmount
89000
CY2023 opof Affordable Housing Tax Credits Amount
AffordableHousingTaxCreditsAmount
309000
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
439000
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
349000
CY2023 us-gaap Lease Cost
LeaseCost
439000
CY2022 us-gaap Lease Cost
LeaseCost
349000
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
417000
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
351000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
423000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
382000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
278000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
208000
CY2023Q4 opof Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
24000
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
1315000
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
67000
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1248000
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
446000
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
415000
CY2023Q4 opof Affordable Housing Program Number Of Investments
AffordableHousingProgramNumberOfInvestments
4
CY2022Q4 opof Affordable Housing Program Number Of Investments
AffordableHousingProgramNumberOfInvestments
4
CY2023Q4 us-gaap Amortization Method Qualified Affordable Housing Project Investments
AmortizationMethodQualifiedAffordableHousingProjectInvestments
1100000
CY2022Q4 us-gaap Amortization Method Qualified Affordable Housing Project Investments
AmortizationMethodQualifiedAffordableHousingProjectInvestments
1400000
CY2022Q4 us-gaap Qualified Affordable Housing Project Investments Commitment
QualifiedAffordableHousingProjectInvestmentsCommitment
0
CY2023Q4 us-gaap Qualified Affordable Housing Project Investments Commitment
QualifiedAffordableHousingProjectInvestmentsCommitment
0
CY2023 us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
367000
CY2022 us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
425000
CY2022 opof Affordable Housing Tax Credits Amount
AffordableHousingTaxCreditsAmount
349000
CY2023 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
386000
CY2022 us-gaap Affordable Housing Tax Credits And Other Tax Benefits Amount
AffordableHousingTaxCreditsAndOtherTaxBenefitsAmount
438000
CY2023 us-gaap Amortization Method Qualified Affordable Housing Project Investments Amortization
AmortizationMethodQualifiedAffordableHousingProjectInvestmentsAmortization
367000
CY2022 opof Deposit Liabilities Time Deposits Denomination Benchmark
DepositLiabilitiesTimeDepositsDenominationBenchmark
250000
CY2023 opof Deposit Liabilities Time Deposits Denomination Benchmark
DepositLiabilitiesTimeDepositsDenominationBenchmark
250000
CY2023Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
75900000
CY2022Q4 us-gaap Time Deposits100000 Or More
TimeDeposits100000OrMore
47300000
CY2023Q4 opof Number Of Customers Exceeding Deposits Limit
NumberOfCustomersExceedingDepositsLimit
0
CY2023Q4 opof Percentage Of Aggregate Deposits
PercentageOfAggregateDeposits
0.05
CY2023Q4 us-gaap Time Deposit Maturities Year One
TimeDepositMaturitiesYearOne
200113000
CY2023Q4 us-gaap Time Deposit Maturities Year Two
TimeDepositMaturitiesYearTwo
23567000
CY2023Q4 us-gaap Time Deposit Maturities Year Three
TimeDepositMaturitiesYearThree
8088000
CY2023Q4 us-gaap Time Deposit Maturities Year Four
TimeDepositMaturitiesYearFour
8851000
CY2023Q4 us-gaap Time Deposit Maturities Year Five
TimeDepositMaturitiesYearFive
2092000
CY2023Q4 us-gaap Time Deposits
TimeDeposits
242711000
CY2023Q4 opof Federal Funds Lines Available Balance
FederalFundsLinesAvailableBalance
90000000
CY2022Q4 opof Federal Funds Lines Available Balance
FederalFundsLinesAvailableBalance
103600000
CY2023Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
362100000
CY2022Q4 us-gaap Federal Home Loan Bank Advances General Debt Obligations Disclosures Amount Of Available Unused Funds
FederalHomeLoanBankAdvancesGeneralDebtObligationsDisclosuresAmountOfAvailableUnusedFunds
346500000
CY2023Q4 us-gaap Federal Funds Purchased
FederalFundsPurchased
0
CY2022Q4 us-gaap Federal Funds Purchased
FederalFundsPurchased
11378000
CY2023Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
2383000
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
4987000
CY2023Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
9450000
CY2022Q4 us-gaap Federal Home Loan Bank Advances Maturities Summary Due Within One Year Of Balance Sheet Date
FederalHomeLoanBankAdvancesMaturitiesSummaryDueWithinOneYearOfBalanceSheetDate
46100000
CY2023Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
11833000
CY2022Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
62465000
CY2023 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
84360000
CY2022 us-gaap Shortterm Debt Maximum Monthend Outstanding Amount
ShorttermDebtMaximumMonthendOutstandingAmount
62465000
CY2023 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
53466000
CY2022 us-gaap Shortterm Debt Average Outstanding Amount
ShorttermDebtAverageOutstandingAmount
11776000
CY2023 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.049
CY2022 us-gaap Short Term Debt Weighted Average Interest Rate Over Time
ShortTermDebtWeightedAverageInterestRateOverTime
0.0234
CY2023Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0565
CY2022Q4 us-gaap Short Term Debt Weighted Average Interest Rate
ShortTermDebtWeightedAverageInterestRate
0.0458
CY2023 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
546000
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
416000
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-134000
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-1870000
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
28000
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
393000
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-106000
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-1477000
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
3964000
CY2023 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
-833000
CY2023 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
3131000
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-134000
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
28000
CY2023 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-106000
CY2023 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
4098000
CY2023 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-861000
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3237000
CY2023 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
4098000
CY2023 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
-861000
CY2023 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3237000
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax
-30382000
CY2022 us-gaap Other Comprehensive Income Loss Available For Sale Securities Before Reclassification Adjustments Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesBeforeReclassificationAdjustmentsTax
6463000
CY2022 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-23919000
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax
-1870000
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesTax
393000
CY2022 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
-1477000
CY2022 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-28512000
CY2022 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
6070000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-22442000
CY2022 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-28512000
CY2022 us-gaap Other Comprehensive Income Loss Tax
OtherComprehensiveIncomeLossTax
6070000
CY2022 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-22442000
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0
CY2023 opof Direct Or Indirect Loans To Principal Shareholders Executive Officers Or Directors Maximum
DirectOrIndirectLoansToPrincipalShareholdersExecutiveOfficersOrDirectorsMaximum
0.10
CY2022Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
2724000
CY2021Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
1889000
CY2023 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
198000
CY2022 us-gaap Loans And Leases Receivable Related Parties Additions
LoansAndLeasesReceivableRelatedPartiesAdditions
1092000
CY2023 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
755000
CY2022 us-gaap Loans And Leases Receivable Related Parties Proceeds
LoansAndLeasesReceivableRelatedPartiesProceeds
257000
CY2023Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
2167000
CY2022Q4 us-gaap Loans And Leases Receivable Related Parties
LoansAndLeasesReceivableRelatedParties
2724000
CY2023Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
11700000
CY2022Q4 us-gaap Related Party Deposit Liabilities
RelatedPartyDepositLiabilities
24500000
CY2023 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1422000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
1525000
CY2023 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-88000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-51000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1334000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1474000
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
1903000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
2222000
CY2023 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
309000
CY2022 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
349000
CY2023 opof Income Tax Reconciliation Tax Exempt Interest
IncomeTaxReconciliationTaxExemptInterest
70000
CY2022 opof Income Tax Reconciliation Tax Exempt Interest
IncomeTaxReconciliationTaxExemptInterest
220000
CY2023 opof Income Tax Reconciliation Bank Owned Life Insurance
IncomeTaxReconciliationBankOwnedLifeInsurance
-218000
CY2022 opof Income Tax Reconciliation Bank Owned Life Insurance
IncomeTaxReconciliationBankOwnedLifeInsurance
-191000
CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
28000
CY2022 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
12000
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1334000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1474000
CY2023 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.147
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.139
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2563000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Provision For Loan Losses
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsProvisionForLoanLosses
2211000
CY2023Q4 opof Deferred Tax Assets Interest On Nonaccrual Loans
DeferredTaxAssetsInterestOnNonaccrualLoans
56000
CY2022Q4 opof Deferred Tax Assets Interest On Nonaccrual Loans
DeferredTaxAssetsInterestOnNonaccrualLoans
9000
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
540000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
574000
CY2023Q4 opof Deferred Tax Assets Investments In Pass Through Entities
DeferredTaxAssetsInvestmentsInPassThroughEntities
355000
CY2022Q4 opof Deferred Tax Assets Investments In Pass Through Entities
DeferredTaxAssetsInvestmentsInPassThroughEntities
320000
CY2023Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
4660000
CY2022Q4 us-gaap Deferred Tax Assets Unrealized Losses On Availablefor Sale Securities Gross
DeferredTaxAssetsUnrealizedLossesOnAvailableforSaleSecuritiesGross
5520000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
140000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
117000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
272000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
498000
CY2023Q4 opof Deferred Tax Assets Deferred Expense Debt Issuance Costs
DeferredTaxAssetsDeferredExpenseDebtIssuanceCosts
258000
CY2022Q4 opof Deferred Tax Assets Deferred Expense Debt Issuance Costs
DeferredTaxAssetsDeferredExpenseDebtIssuanceCosts
217000
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
262000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
343000
CY2023Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
49000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
11000
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
9155000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
9820000
CY2023Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
606000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
606000
CY2023Q4 opof Deferred Tax Liabilities Acquisition Accounting
DeferredTaxLiabilitiesAcquisitionAccounting
39000
CY2022Q4 opof Deferred Tax Liabilities Acquisition Accounting
DeferredTaxLiabilitiesAcquisitionAccounting
49000
CY2023Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
241000
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
DeferredTaxLiabilitiesLeasingArrangements
332000
CY2023Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
886000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
987000
CY2023Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
8269000
CY2022Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
8833000
CY2023Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
213725000
CY2022Q4 us-gaap Fair Value Disclosure Offbalance Sheet Risks Amount Liability
FairValueDisclosureOffbalanceSheetRisksAmountLiability
206571000
CY2023Q4 opof Fair Value Estimation Of Assets And Liabilities Number Of Models Used
FairValueEstimationOfAssetsAndLiabilitiesNumberOfModelsUsed
2
CY2023Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
78759000
CY2023Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
204278000
CY2023Q4 us-gaap Restricted Investments At Fair Value
RestrictedInvestmentsAtFairValue
5176000
CY2023Q4 us-gaap Loans Held For Sale Fair Value Disclosure
LoansHeldForSaleFairValueDisclosure
470000
CY2023Q4 us-gaap Loans Receivable Fair Value Disclosure
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TierOneRiskBasedCapitalToRiskWeightedAssets
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CY2022Q4 us-gaap Tier One Risk Based Capital Required For Capital Adequacy To Risk Weighted Assets
TierOneRiskBasedCapitalRequiredForCapitalAdequacyToRiskWeightedAssets
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CY2023Q4 us-gaap Capital Required For Capital Adequacy To Risk Weighted Assets
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CY2022Q4 us-gaap Tier One Leverage Capital Required For Capital Adequacy To Average Assets
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CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2023 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Net Income Loss
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CY2023 us-gaap Segment Expenditure Addition To Long Lived Assets
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CY2023Q4 us-gaap Assets
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CY2022 opof Provision For Loan Losses Expensed Excluding Unfunded Commitments
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CY2022Q4 us-gaap Assets
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