Major Rating Factors:
Excellent current capitalization (9.2 on a scale of 0 to 10) based on a risk-based capital ratio of 14.1 and a capital leverage ratio of 10.5. A current level of 1.4 percent of nonperforming loans to core capital combined with 1.0 percent from a year earlier contributes to the Excellent asset quality (8.0).
Other Rating Factors:
A five year analysis of stability tests including evaluations of capital adequacy, asset growth, and profitability lead to an Excellent overall stability index (7.5 on a scale of 0 to 10). Fair liquidity 3.8, driven by a liquidity ratio of 20.5 percent and a “hot money” ratio of 10.6 percent.
Asset Mix:
Comm re (30%), securities (15%), home mtgs (13%), consumer loans (10%), cash (9%), home eq lns (4%), comm loans (4%), other (15%)
States with Branches:
VA
Asset Quality
Non-Performing Loans to Capital
Non-Performing Assets to Assets
Non-Performing Loans to Loans
Loan Loss Reserves to Loans
Charge-Offs to Average Loans
5-Year Charge-Offs to Average Loans
5-Year Asset Growth
1-Year Asset Growth
Profitability
Operating Profit to Average Assets
Return on Equity
Net Interest Spread
5-Year ROAA (Return on Average Assets)
Overhead Efficiency Ratio
Corporate Info
Group Affiliation
Old Point Financial Corporation
Investment Rating
--
Address
One West Mellen Street
Hampton, VA 23663
Hampton, VA 23663
Phone Number
(757) 728-1205
Year Founded
1923
FDIC Number
Website
Largest Affiliates
Newport News, VA
-
Bank