Old Point Financial (Old Point Financial) Financial Strength : 3 (As of Dec. 2023)

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What is Old Point Financial Financial Strength?

Old Point Financial has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Warning Sign:

Old Point Financial Corp displays poor financial strength. Usually, this is caused by too much debt for the company.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

GuruFocus does not calculate Old Point Financial's interest coverage with the available data. Old Point Financial's debt to revenue ratio for the quarter that ended in Dec. 2023 was 1.62. Altman Z-Score does not apply to banks and insurance companies.

Old Point Financial Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Old Point Financial's Interest Expense for the months ended in Dec. 2023 was $-6.08 Mil. Its Operating Income for the months ended in Dec. 2023 was $0.00 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $99.12 Mil.

Old Point Financial's Interest Coverage for the quarter that ended in Dec. 2023 is

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Old Point Financial's Debt to Revenue Ratio for the quarter that ended in Dec. 2023 is

Debt to Revenue Ratio	=	Total Debt (Q: Dec. 2023 )			/	Revenue
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Revenue
	=	(0	+	99.118)	/	61.336
	=	1.62

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Altman Z-Score does not apply to banks and insurance companies.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Old Point Financial (NAS:OPOF) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Old Point Financial has the Financial Strength Rank of 3. It displays poor financial strength and is likely in financial distress. Usually this is caused by too much debt for the company.

Old Point Financial Financial Strength Related Terms

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Old Point Financial (Old Point Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Old Point Financial Corp (NAS:OPOF) » Definitions » Financial Strength

Comparable Companies

Traded in Other Exchanges

N/A

Address

101 East Queen Street, Hampton, VA, USA, 23669

Website

https://www.oldpoint.com

Old Point Financial Corp functions in the financial services domain in the United States. As the holding company of The Bank and Trust, it is a nationally chartered trust and wealth management service, provider. Its suite of services includes commercial banking solutions such as loan, deposit and cash management, which are rendered through a chain of branches throughout the country. It operates through segments such as Bank, Wealth and Company.

Executives

Sarah B Golden	director	PO BOX 3392, HAMPTON VA 23663
Tom B Langley	director	PO BOX 3392, HAMPTON VA 23663
Michael A Glasser	director	PO BOX 3392, HAMPTON VA 23663
Joseph R Witt	director, other: EVP, Corporate Banking, OPNB	PO BOX 3392, HAMPTON VA 23663
Paul M Pickett	officer: Chief Financial Officer	PO BOX 3392, HAMPTON VA 23663
Elizabeth S Wash	director	1104 WORMLEY CREEK DRIVE, YORKTOWN VA 23692
Pl Capital Advisors, Llc	10 percent owner	750 ELEVENTH STREET SOUTH, SUITE 202, NAPLES FL 34102
John Cabot Ishon	director	PO BOX 3392, HAMPTON VA 23663
Thacker Clark Rebekah Ellen	director	PO BOX 3392, HAMPTON VA 23663
Adams Stephen Conway	director	PO BOX 3392, HAMPTON VA 23663
Shuford Robert F Jr	other: EVP/CHIEF OPERATING OFFR-OPNB	PO BOX 3392, HAMPTON VA 23663
Greene Dr Arthur D	director	PO BOX 3392, HAMPTON VA 23663
John W Palmer	10 percent owner	C/O SECURITY FINANCIAL BANCORP INC, 9321 WICKER AVE, ST JOHN IN 46373
Richard J Lashley	10 percent owner	C/O PL CAPITAL, LLC, 47 E. CHICAGO AVE., SUITE 328, NAPERVILLE IL 60540
Kauders A Eric Jr	officer: SVP/Trust	101 E QUEEN ST, HAMPTON VA 23669