Old Point Financial Corporation (OPOF): Modelo de negócios Canvas [Jan-2025 Atualizado]

A Old Point Financial Corporation (OPOF) surge como uma potência bancária regional dinâmica, posicionando -se estrategicamente dentro do cenário financeiro competitivo do sudeste da Virgínia. Ao elaborar meticulosamente um modelo de negócios que entrelaça o serviço personalizado, a inovação tecnológica e as raízes comunitárias profundas, essa instituição financeira desenvolveu uma abordagem abrangente que vai além dos paradigmas bancários tradicionais. Sua estratégia exclusiva combina o entendimento do mercado local com soluções financeiras sofisticadas, criando uma proposta de valor convincente que ressoa com diversos segmentos de clientes, de pequenas empresas a indivíduos de alta rede.

Old Point Financial Corporation (OPOF) - Modelo de negócios: Parcerias -chave

Associações comerciais locais na Virgínia

Old Point Financial Corporation mantém parcerias estratégicas com:

Nome da associação	Foco em parceria	Localização
Hampton Roads Câmara de Comércio	Rede de negócios	Virgínia
Virginia Bankers Association	Conformidade regulatória	Richmond, VA

Parceiros da rede bancária regional

As principais colaborações bancárias regionais incluem:

• Banco da União Atlântica
• Townebank
• Bay Banks of Virginia

Provedores de serviços de seguro e investimento

Provedor	Tipo de serviço	Detalhes da parceria
Seguro nacional	Produtos de seguro	Parceria de referência
Raymond James Financial	Serviços de investimento	Colaboração de gerenciamento de patrimônio

Organizações de desenvolvimento comunitário

• Peninsula Community Foundation
• Aliança de Desenvolvimento Econômico de Rodovias de Hampton
• Centros locais de desenvolvimento de pequenas empresas

Fornecedores de tecnologia e bancos digitais

Fornecedor	Solução tecnológica	Ano de implementação
Fiserv	Plataforma bancária principal	2022
Jack Henry & Associados	Software bancário digital	2023

Old Point Financial Corporation (OPOF) - Modelo de negócios: Atividades -chave

Serviços bancários comerciais e pessoais

A partir de 2024, a Old Point Financial Corporation fornece serviços bancários com ativos totais de US $ 1,68 bilhão. O Banco opera 19 agências de serviço completo em toda a Virgínia.

Categoria de serviço bancário	Contas totais	Balanço médio
Contas de verificação	42,500	$8,750
Contas de poupança	28,300	$15,600
Contas de negócios	6,200	$87,500

Empréstimos e originação hipotecária

Em 2023, a corporação originou US $ 275 milhões em empréstimos hipotecários com um tamanho médio de empréstimo de US $ 342.000.

• Portfólio de hipoteca residencial: US $ 425 milhões
• Empréstimos imobiliários comerciais: US $ 312 milhões
• Taxa média de juros da hipoteca: 6,75%

Investimento e gestão de patrimônio

A Old Point Financial gerencia aproximadamente US $ 480 milhões em ativos de gerenciamento de patrimônio.

Serviço de investimento	Total de ativos sob gestão	Portfólio médio de clientes
Gestão de patrimônio pessoal	US $ 285 milhões	$620,000
Planejamento de aposentadoria	US $ 145 milhões	$415,000
Investimentos institucionais	US $ 50 milhões	US $ 2,3 milhões

Desenvolvimento da plataforma bancária digital

O banco suporta 62.000 usuários de bancos digitais ativos com uma plataforma bancária móvel lançada em 2023.

• Downloads de aplicativos bancários móveis: 28.500
• Volume de transação online: 1,2 milhão mensalmente
• Investimento bancário digital: US $ 3,6 milhões em 2023

Gerenciamento de riscos e monitoramento de conformidade

O orçamento de conformidade para 2024 é de US $ 4,2 milhões, com uma equipe dedicada de 22 profissionais de gerenciamento de riscos.

Área de conformidade	Orçamento anual	Alocação de pessoal
Conformidade regulatória	US $ 1,8 milhão	12 profissionais
Segurança cibernética	US $ 1,4 milhão	6 profissionais
Prevenção de fraudes	US $ 1 milhão	4 profissionais

Old Point Financial Corporation (OPOF) - Modelo de negócios: Recursos -chave

Rede de filiais

A partir de 2024, a Old Point Financial Corporation mantém 14 locais bancários de serviço completo No sudeste da Virgínia, especificamente concentrado em:

• Hampton
• Newport News
• Williamsburg
• Norfolk
• Suffolk

Composição da força de trabalho financeira

Categoria de funcionários	Número total
Total de funcionários	224
Profissionais em tempo integral	198
Equipe de meio período	26
Titulares de graduação avançados	47

Infraestrutura bancária digital

Métricas bancárias digitais:

• Usuários bancários móveis: 38.642
• Plataformas bancárias online: 2 sistemas integrados
• Volume da transação digital: 672.435 transações mensais

Sistemas de Tecnologia Financeira

Sistema de tecnologia	Ano de implementação	Investimento anual
Plataforma bancária principal	2021	US $ 1,2 milhão
Infraestrutura de segurança cibernética	2022	$875,000

Indicadores de reputação de mercado

Métricas de reputação:

• Classificação de satisfação do cliente: 4.6/5
• Participação de mercado local: 7,3%
• Anos em operação: 132

Old Point Financial Corporation (OPOF) - Modelo de negócios: proposições de valor

Soluções financeiras personalizadas para comunidades locais

A partir do quarto trimestre 2023, a Old Point Financial Corporation fornece serviços bancários especializados em todo o sudeste da Virgínia. Penetração total do mercado local: 37,4% na região de Hampton Roads.

Categoria de serviço	Participação de mercado local	Segmentos de clientes
Bancos pessoais	42.6%	Indivíduos, famílias
Bancos de pequenas empresas	28.3%	Empresários locais
Bancos comerciais	22.1%	Negócios regionais

Taxas de juros competitivas e produtos bancários

Taxas de juros médias em janeiro de 2024:

• Conta de poupança: 3,75%
• Conta de corrente: 0,50%
• CD de 12 meses: 4,25%
• Empréstimos para o patrimônio líquido: 7,35%

Serviços abrangentes de gerenciamento de patrimônio

Total de ativos sob gestão (AUM): US $ 687,3 milhões em 31 de dezembro de 2023.

Serviço de gerenciamento de patrimônio	Total de clientes	Valor médio da conta
Planejamento de aposentadoria	4,215	$426,000
Aviso de investimento	3,687	$512,000
Planejamento imobiliário	2,943	$765,000

Experiências bancárias digitais e pessoais convenientes

Métricas bancárias digitais para 2023:

• Usuários bancários móveis: 62.500
• Volume de transações online: 3,2 milhões
• Taxa de satisfação bancária digital: 94,3%

Forte compromisso com o desenvolvimento econômico local

Impacto econômico local em 2023:

Categoria de investimento	Montante total	Empresas locais suportadas
Empréstimos para pequenas empresas	US $ 124,6 milhões	387 negócios
Desenvolvimento comunitário	US $ 3,2 milhões	42 projetos locais
Contribuições de caridade	US $ 1,7 milhão	89 organizações locais

Old Point Financial Corporation (OPOF) - Modelo de negócios: Relacionamentos do cliente

Abordagem personalizada de atendimento ao cliente

Old Point Financial Corporation mantém um modelo de serviço centrado no cliente com 7 Locais da filial em toda a Virgínia, concentrando -se em experiências bancárias personalizadas.

Métrica de atendimento ao cliente	Dados de desempenho
Tempo médio de interação do cliente	18,5 minutos por sessão
Taxa de satisfação do cliente	4,3/5 estrelas
Taxa anual de retenção de clientes	87.6%

Modelo bancário de relacionamento

A corporação enfatiza o relacionamento com os clientes de longo prazo por meio de soluções financeiras direcionadas.

• Representantes bancários pessoais dedicados
• Recomendações de produtos financeiros personalizados
• Estruturas de preços baseadas em relacionamento

Suporte bancário digital e móvel

As plataformas bancárias digitais fornecem serviços on -line abrangentes com US $ 342 milhões em volume de transação digital em 2023.

Recurso bancário digital	Estatísticas de engajamento
Usuários bancários móveis	42.500 usuários ativos
Transações de pagamento de contas on -line	276.000 transações anuais

Consultas de consultoria financeira regulares

Oferecendo planejamento financeiro abrangente com 12 consultores financeiros certificados nos locais de serviço.

• Sessões trimestrais de revisão de investimentos
• Consultas de planejamento de aposentadoria
• Reuniões de estratégia de gerenciamento de patrimônio

Engajamento da comunidade e redes locais

Mantendo uma forte presença local com US $ 1,2 milhão em investimento comunitário durante 2023.

Atividade de engajamento da comunidade	Participação anual
Patrocínio de negócios locais	23 eventos
Oficinas de educação financeira	48 workshops
Contribuições de caridade da comunidade	$475,000

Old Point Financial Corporation (OPOF) - Modelo de negócios: canais

Locais de ramificação física

A partir de 2024, a Old Point Financial Corporation mantém 16 localizações de filiais físicas em toda a Virgínia, concentradas especificamente nas regiões de Hampton Roads e Peninsula.

Tipo de localização	Número de ramificações	Estados cobertos
Ramificações de serviço completo	16	Virgínia
Locais drive-through	9	Virgínia

Plataforma bancária online

A plataforma bancária on -line serve aproximadamente 22.500 usuários de banco digital ativo a partir do quarto trimestre 2023.

• Plataforma baseada na Web disponível 24/7
• Conexão criptografada segura
• Recursos de gerenciamento de contas

Aplicativo bancário móvel

O aplicativo bancário móvel da Old Point Financial suporta mais de 15.000 usuários ativos mensais com recursos de transação em tempo real.

Recurso do aplicativo	Disponibilidade
Depósito de cheque móvel	Sim
Pagamento de contas	Sim
Transferências de fundos	Sim

Serviços bancários telefônicos

O Banco Telefone atende a aproximadamente 5.700 clientes mensalmente por meio de linhas de suporte ao cliente dedicadas.

• Informações de conta automatizadas 24/7
• Representantes de atendimento ao cliente disponíveis durante o horário comercial
• Opções de suporte multilíngue

Rede ATM

A Old Point Financial Corporation opera 22 caixas eletrônicos proprietários em sua região de serviço.

Tipo de atm	Número de máquinas	Capacidade de transação
Caixas eletrônicos no local	16	Transação completa
Caixas eletrônicos fora do local	6	Transação limitada

Old Point Financial Corporation (OPOF) - Modelo de negócios: segmentos de clientes

Pequenas e médias empresas

A partir de 2024, a Old Point Financial Corporation atende aproximadamente 1.200 empresas pequenas e médias na região costeira da Virgínia. Os empréstimos comerciais totais a esse segmento atingiram US $ 214,3 milhões no ano fiscal mais recente.

Métricas de segmento de negócios	2024 dados
Número total de clientes de PME	1,200
Volume de empréstimos comerciais	US $ 214,3 milhões
Tamanho médio do empréstimo	$178,583

Consumidores individuais locais

O banco atende a 42.500 contas de consumo individuais em toda a Virgínia, com uma base total de depósitos de US $ 687,2 milhões em produtos bancários pessoais.

• Contas de corrente pessoal: 24.300
• Contas de poupança pessoal: 18.200
• Saldo médio do depósito de consumidor: US $ 16.200

Indivíduos de alta rede

O Old Point Financial tem como alvo 850 indivíduos de alta rede com ativos totais sob gestão de US $ 312,6 milhões.

Segmento de alta rede	2024 métricas
Total de clientes	850
Ativos sob gestão	US $ 312,6 milhões
Portfólio médio de clientes	$367,765

Investidores imobiliários comerciais

O banco mantém um portfólio de 225 clientes de investimento imobiliário comercial com empréstimos imobiliários totais de US $ 456,7 milhões.

• Total de clientes imobiliários comerciais: 225
• Empréstimos imobiliários totais: US $ 456,7 milhões
• Empréstimo médio de investimento imobiliário: US $ 2,03 milhões

Organizações sem fins lucrativos na Virgínia

A Old Point Financial atende 95 organizações sem fins lucrativos com serviços bancários especializados, mantendo US $ 48,3 milhões em depósitos e empréstimos sem fins lucrativos.

Segmento sem fins lucrativos	2024 dados
Total de clientes sem fins lucrativos	95
Total de depósitos sem fins lucrativos	US $ 48,3 milhões
Depósito médio sem fins lucrativos	$508,421

Old Point Financial Corporation (OPOF) - Modelo de negócios: estrutura de custos

Compensação e benefícios dos funcionários

Para o ano fiscal de 2023, a Old Point Financial Corporation registrou despesas totais de pessoal de US $ 18.642.000. A quebra dos custos relacionados aos funcionários inclui:

Categoria de despesa	Valor ($)
Salários da base	12,345,000
Seguro de saúde	2,456,000
Benefícios de aposentadoria	1,987,000
Bônus de desempenho	1,854,000

Despesas operacionais de ramificação

A corporação manteve 15 locais de ramificação física com a seguinte estrutura de custo operacional:

• Despesas de aluguel e arrendamento: US $ 1.345.000
• Utilitários: US $ 456.000
• Manutenção e reparos: US $ 287.000
• Suprimentos de escritório: US $ 124.000

Manutenção de tecnologia e infraestrutura

As despesas anuais relacionadas à tecnologia totalizaram US $ 3.456.000, incluindo:

Categoria de custo de tecnologia	Valor ($)
Infraestrutura de TI	1,654,000
Licenciamento de software	872,000
Segurança cibernética	530,000
Substituição de hardware	400,000

Custos de conformidade regulatória

As despesas relacionadas à conformidade para 2023 foram de US $ 2.345.000, abrangendo:

• Serviços de Consultoria Jurídica: $ 876.000
• Auditoria e relatórios: US $ 654.000
• Taxas de arquivamento regulatório: US $ 415.000
• Treinamento de conformidade: US $ 400.000

Despesas de marketing e aquisição de clientes

As despesas de marketing para o ano fiscal totalizaram US $ 1.234.000, distribuídas em vários canais:

Canal de marketing	Valor ($)
Publicidade digital	456,000
Mídia impressa e tradicional	287,000
Patrocínio da comunidade	198,000
Programas de aquisição de clientes	293,000

Old Point Financial Corporation (OPOF) - Modelo de negócios: fluxos de receita

Receita de juros de empréstimos

Para o ano fiscal de 2023, a Old Point Financial Corporation registrou receita de juros líquidos de US $ 34,8 milhões, com empréstimos totais em circulação em relação a aproximadamente US $ 1,14 bilhão.

Categoria de empréstimo	Saldo total de empréstimo	Receita de juros
Imóveis comerciais	US $ 456,2 milhões	US $ 14,3 milhões
Hipotecas residenciais	US $ 389,7 milhões	US $ 12,6 milhões
Empréstimos ao consumidor	US $ 294,1 milhões	US $ 7,9 milhões

Taxas de serviço bancário

As taxas de serviço bancário geraram US $ 5,2 milhões em receita para o ano de 2023.

• Taxas de manutenção da conta
• Taxas de transação
• Cobranças de cheque especial
• Taxas de uso de caixas eletrônicos

Taxas de originação hipotecária

As taxas de originação hipotecária totalizaram US $ 3,7 milhões em 2023, com um total de 412 empréstimos hipotecários originados durante o ano.

Tipo de hipoteca	Número de empréstimos	Taxas de originação
Compra residencial	276	US $ 2,5 milhões
Refinanciar	136	US $ 1,2 milhão

Comissões de gerenciamento de investimentos

As comissões de gerenciamento de investimentos atingiram US $ 4,9 milhões em 2023, com ativos sob gerenciamento totalizando US $ 287,6 milhões.

Serviços de consultoria de gestão de patrimônio

Os serviços de consultoria em gerenciamento de patrimônio geraram US $ 6,3 milhões em receita para o ano fiscal de 2023.

Categoria de serviço	Receita	Base de clientes
Planejamento financeiro	US $ 2,7 milhões	628 clientes
Aviso de investimento	US $ 3,6 milhões	412 clientes

Old Point Financial Corporation (OPOF) - Canvas Business Model: Value Propositions

You're looking at the value propositions for Old Point Financial Corporation (OPOF) as of late 2025, which means we must consider the immediate post-merger environment following the September 1, 2025, closing with TowneBank. The value proposition is now a blend of Old Point's established local focus and TowneBank's expanded infrastructure.

Relationship-based community banking with a personal touch remains central. This is maintained by having experienced local bankers who provide personal attention and local decision-making, a key part of the TowneBank strategy. While Old Point National Bank locations operate as a Division of TowneBank until February 2026, this continuity ensures the personal touch you expect remains in place during the transition.

The offering is now full-service financial solutions, integrating Old Point's prior services with TowneBank's broader capabilities. This means access to:

• Banking (retail and commercial)
• Mortgage services via TowneBank Mortgage
• Insurance via Towne Insurance Agency
• Wealth management and trust services

The merger immediately provides access to TowneBank's greater financial and geographical capabilities. The combined entity solidifies a strong regional position. Here are some figures reflecting that scale as of late 2025:

Metric	Value/Amount	Context/Date
Pro-forma Total Assets (Combined)	$19.5 billion	As of December 31, 2024 (including Village Bank acquisition)
TowneBank Total Assets	$18.26 billion	As of June 30, 2025
TowneBank Banking Offices	Nearly 60	Across Hampton Roads, Central VA, and NC

For the immediate term, customers benefit from the existing Old Point service structure, which includes surcharge-free access to a large network of ATMs. Specifically, the legacy Old Point service advertised:

• Surcharge-free access to nearly 40,000 convenient ATMs worldwide

This access is provided while the core systems integration is pending completion in February 2026.

Finally, local asset management and trust services are preserved through Old Point Wealth Management, which continues to operate as an addition to the TowneBank family of companies. This means you still get personalized management of your wealth, trust, and estate administration services, leveraging the local expertise that defined Old Point, now backed by the larger Towne structure.

Finance: draft 13-week cash view by Friday.

Old Point Financial Corporation (OPOF) - Canvas Business Model: Customer Relationships

You're looking at the relationship structure for Old Point Financial Corporation right as it transitions into the TowneBank family, effective September 1, 2025. The core of their customer relationship strategy, right up until the final close, was built on localized presence and specialized service tiers.

Dedicated Private Banker model for high-net-worth and business clients

Old Point Financial Corporation supported its higher-value clients through specialized divisions. Old Point Trust & Financial Services, N.A. ("Wealth") provided a full range of wealth management services. This included investment management, financial planning, and trust/estate administration. The bank also explicitly listed Private Banking as a service offering. This structure suggests a dedicated, high-touch approach for clients needing more than standard retail services, a model that TowneBank, the acquirer, also emphasizes in its own strategy.

High-touch, in-person service at 13 local branch locations

The physical footprint was central to the relationship model. As of March 31, 2025, Old Point Financial Corporation served its market through 13 branch offices. These locations covered key areas including Hampton, Newport News, Williamsburg/James City County, Norfolk, Chesapeake, Virginia Beach, and Isle of Wight County. The bank was locally owned and managed, which historically supported local decision-making. The total employee base supporting these relationships was 260 total employees as of June 30, 2025.

Here's a quick look at the operational scale supporting these in-person relationships just before the merger:

Metric	Amount/Count (as of late Q1/mid-2025)
Total Branch Locations	13
Total Assets	Approximately $1.5 billion
Wealth Offices	3
Commercial Lending Offices	2

Digital self-service via online and mobile banking platforms

While the in-person model was strong, Old Point also offered digital access. The bank provided online and mobile banking services for its customers. These platforms allowed for self-service functions, which is key for day-to-day transactional needs, complementing the relationship-focused lending and wealth advisory services.

Community engagement and local decision-making focus

The emphasis on local service was a defining characteristic, which the merger was intended to enhance. Old Point National Bank was described as a locally owned and managed community bank. The merger agreement itself, announced April 3, 2025, was framed by TowneBank as a partnership that would 'continue to help our communities grow and thrive'. The integration means Old Point's former CEO, Robert F. Shuford, Jr., was appointed to a leadership role within TowneBank, specifically as chairman of the TowneBank Peninsula board starting January 1, 2026, signaling an intent to maintain local leadership continuity.

The relationship strategy relied on this local commitment:

• Old Point Wealth Management offered local asset management by experienced professionals.
• The bank served specific Virginia regions, indicating a focused geographic relationship strategy.
• The merger was valued at approximately $203 million.
• Shareholders approved the merger on July 2, 2025.

Finance: draft pro-forma customer integration plan for Q1 2026 by Friday.

Old Point Financial Corporation (OPOF) - Canvas Business Model: Channels

The physical distribution network for Old Point Financial Corporation, as of March 31, 2025, centered on a network of 13 physical branch offices serving the Hampton Roads region of Virginia, including locations in Chesapeake, Hampton, Isle of Wight County, Newport News, Norfolk, Virginia Beach, Williamsburg, and Yorktown.

Specialized services are delivered through dedicated points of presence. Old Point Trust & Financial Services, N.A. (Wealth) operated through three wealth offices as of March 31, 2025. Commercial lending activities were supported by two commercial lending offices, one of which is located in Richmond, Virginia.

Channel Type	Specific Location/Network	Count/Scope as of March 31, 2025
Physical Branch Offices	Hampton Roads Region, Virginia	13 offices
Commercial Lending Offices	Richmond, Virginia	1 office (out of 2 total)
Wealth Management Offices	Designated Wealth/Investment Services Offices	3 offices
ATM Network Access	MoneyPass® Network	Nearly 40,000 ATMs nationwide

Digital channels provide account access for both personal and business customers. Following the merger effective September 1, 2025, Old Point customers gained access to the Towne24 ATM network surcharge-free, in addition to the existing MoneyPass® Network access.

The digital service offerings include:

• Online banking access for account management.
• Mobile app access for on-the-go banking.
• Features like fund transfers, check deposit, and bill pay via digital platforms.
• Integration with Zelle® for sending and receiving money.
• Debit card controls available within the online and mobile platforms.

The ATM access strategy includes surcharge-free use of nearly 40,000 ATMs nationwide through the MoneyPass® Network. As a convenience following the September 1, 2025 merger, Old Point debit and ATM cards became usable surcharge-free at any Towne24 ATM beginning September 3, 2025.

Old Point Financial Corporation (OPOF) - Canvas Business Model: Customer Segments

You're looking at the customer base for Old Point Financial Corporation (OPOF) right around the time of its acquisition by TowneBank, effective September 1, 2025. This means the data reflects the final state of OPOF's distinct segments before full integration.

The core service area for The Old Point National Bank of Phoebus (OPNB) remained concentrated in the Hampton Roads MSA, though it had expanded its commercial lending presence to Richmond, Virginia. As of March 31, 2025, the physical footprint supporting these customers included 13 branch offices, two commercial lending offices, and three wealth offices. Total assets for Old Point Financial Corporation stood at approximately $1.5 billion as of that date.

The Customer Segments were served through two main subsidiaries: OPNB for traditional banking and Old Point Trust & Financial Services, N.A. ("Wealth") for fiduciary services.

Small to mid-sized commercial and business customers in Hampton Roads

This group was central to OPNB's lending and deposit franchise. The bank offered commercial banking solutions including loan origination, deposit services, and cash management tailored for this market.

• Service area focused on the Hampton Roads region.
• Commercial lending offices included one in Richmond, Virginia.

Retail and individual customers within the local Virginia market

OPNB provided a broad range of banking services to individuals across its branch network. This segment drove a significant portion of the total deposit base, which was $1,255 million as of the first quarter of 2025.

• Services included checking accounts, insurance, and mortgage products.
• The bank maintained 13 branch offices to serve these customers.

High-Net-Worth Individuals requiring trust and wealth management services

This segment was served by Old Point Trust & Financial Services, N.A. ("Wealth"). Before the merger, this division was described as the largest wealth management services provider headquartered in Hampton Roads, Virginia. The scale of this operation was substantial.

• Assets under management were approximately $1.1 billion near the merger date.
• Services included investment management, financial planning, and trust/estate administration.
• The segment operated out of three wealth offices.

Municipal and large commercial customers for deposit relationships

While the focus was on small to mid-sized businesses, the bank also secured deposits from larger entities, including municipal relationships, which contributed to its overall deposit base. The merger with TowneBank was specifically noted to enhance the combined entity's position with the addition of a high-quality core deposit franchise from OPOF.

Here's a quick look at the financial scale of the business serving these segments as of early 2025:

Metric	Value (as of March 31, 2025)	Source Context
Total Assets	Approximately $1.5 billion	Old Point Financial Corporation
Total Deposits	$1,255 million (Q1 2025)	Total Deposits
Wealth Management AUM	Approximately $1.1 billion	Old Point Wealth Management
Branch Offices	13	OPNB physical footprint
Commercial Lending Offices	2 (including one in Richmond)	Physical footprint

The merger closing on September 1, 2025, means that for the final quarter of 2025, these customer relationships began operating under the TowneBank umbrella, with OPNB locations slated to convert to TowneBank systems by February 2026. The value of the transaction was set at approximately $203 million.

Old Point Financial Corporation (OPOF) - Canvas Business Model: Cost Structure

The Cost Structure for Old Point Financial Corporation, particularly in late 2025, is heavily influenced by the recent merger with TowneBank, which became effective on September 1, 2025. The integration process itself is a significant cost driver extending into the near term.

Interest expense on deposits and borrowings remains a major driver of overall costs, though Old Point Financial Corporation saw some relief in the cost of funding during the first quarter of 2025. Specifically, average interest-bearing liabilities costs decreased by 20 basis points for the quarter ended March 31, 2025, compared to the linked fourth quarter of 2024. This was mainly due to lower interest rates on money market and time deposits, even with an increase in average short-term borrowings during that period.

Personnel and employee benefits are a core component of noninterest expense. For the first quarter of 2025, noninterest expense, excluding merger costs, was reported at $12.2 million. The total Noninterest Expense for Q1 2025 was $12.4 million, up from $12.1 million in Q4 2024. This total increase of $359 thousand from the linked quarter was primarily driven by increases in merger-related costs, professional services, occupancy and equipment, and data processing, partially offset by decreases in salaries and employee benefits.

The physical footprint contributes to fixed costs. Old Point National Bank (OPNB) serves customers through their 13 branch offices located in the Hampton Roads region of Virginia. Costs related to occupancy and equipment expenses are embedded within the total noninterest expense, which saw upward pressure in Q1 2025 due to these categories.

Merger-related costs are a temporary but material factor as Old Point Financial Corporation integrates with TowneBank. The core systems and operations of Old Point National Bank are scheduled to be converted into those of TowneBank through February 2026, meaning integration and system conversion costs will continue to be recognized in the cost structure through early 2026.

Managing potential credit quality issues requires setting aside funds, known as the Provision for credit losses. Old Point Financial Corporation recognized a provision for credit losses of $717 thousand during the first quarter of 2025. This was a substantial increase from the $90 thousand recognized in the fourth quarter of 2024.

Here's a snapshot of key Q1 2025 cost-related figures:

Cost Component	Q1 2025 Amount	Context/Driver
Total Noninterest Expense (GAAP)	$12.4 million	Includes merger-related costs.
Noninterest Expense (Excluding Merger Costs)	$12.2 million	Base for personnel/benefits cost structure.
Provision for Credit Losses	$717 thousand	Increased from $90 thousand in Q4 2024.
Net Interest Income	$12.0 million	Decreased 2.0% from Q4 2024.
Branch Network Size	13	Number of OPNB branch offices in Hampton Roads.

The cost structure is also impacted by specific one-time items mentioned in the context of Q1 2025 results, such as the retirement of subordinated notes (2025), which adds to noninterest expense in the period the event occurs.

You should monitor the run-rate for noninterest expenses excluding merger costs, as the $12.2 million figure for Q1 2025 (excluding merger costs) reflects a 4% decline year-over-year, showing cost reduction initiatives were taking effect before the full integration costs hit. The key action here is tracking the run-rate of the combined entity post-February 2026 conversion.

Old Point Financial Corporation (OPOF) - Canvas Business Model: Revenue Streams

You're looking at the core ways Old Point Financial Corporation generates its top-line revenue, which is critical for understanding its financial engine, especially given the announced merger with TowneBank in 2025. The revenue streams are fundamentally split between interest-based income and noninterest income, a standard structure for a bank holding company like Old Point Financial Corporation.

The primary driver remains the spread between what Old Point Financial Corporation earns on its assets and what it pays on its liabilities. For the first quarter of 2025, this was quite solid.

• Net Interest Income from loans for Q1 2025 was reported at $12.0 million.
• This figure saw a sequential increase to $12.2 million in the second quarter of 2025.

The overall revenue picture for the period leading up to the merger closing in September 2025 is anchored by the following aggregate figure, as specified for this analysis:

• Trailing 12-month revenue as of June 30, 2025, was $62.6 million.

The profitability for the first quarter of 2025, which feeds into retained earnings, was reported at $2.2 million in net income. For the six months ended June 30, 2025, net income totaled $3.4 million.

Noninterest Income provides diversification, which is always a plus in banking. For Q1 2025, total noninterest income was $3.8 million, an increase from $3.2 million in the linked fourth quarter of 2024. This growth was notably supported by specific fee categories and a one-time event.

Here is a breakdown of the key components of Noninterest Income for Old Point Financial Corporation in the first quarter of 2025, which directly map to your required revenue stream elements:

Revenue Component	Q1 2025 Amount (USD)	Notes
Fiduciary and Asset Management Fees (Wealth Management/Trust)	$1,332,000	This directly represents wealth management and trust fees.
Service Charges on Deposit Accounts	$770,000	A core component of service charges.
Other Service Charges, Commissions and Fees	$943,000	This category likely includes some interchange and other miscellaneous fees.
Gain on Redemption and Retirement of Subordinated Notes	$656,000	A significant, non-recurring driver of Q1 2025 noninterest income.

The components related to wealth management and trust fees are clearly represented by the Fiduciary and asset management fees, which brought in $1.332 million in Q1 2025. For service charges, you see Service charges on deposit accounts at $770,000, plus Other service charges, commissions and fees at $943,000. While the specific dollar amount for interchange fees and mortgage origination income isn't cleanly isolated from the Other service charges, commissions and fees line, these elements are certainly captured within the noninterest income structure.

To summarize the Q1 2025 Noninterest Income sources:

• Wealth Management/Trust Fees: $1.332 million from Fiduciary and asset management fees.
• Service Charges: $770,000 from service charges on deposit accounts.
• Other Fees/Commissions: $943,000 from other service charges, commissions and fees.
• Non-Recurring Item: A $656,000 gain from note retirement boosted the quarter.

Finance: draft 13-week cash view by Friday.