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Letter portraitLegal landscapeQuarterYTD

Old Point National Bank of Phoebus, The

Hampton, VA · Cert 6892

FDIC · 14 branches

Q2 2025

$1.4BAssets
$1.0BLoans
$1.2BDeposits
$138.7MEquity
Loan mix
71%RE $505.6M8%C&I $53.7M21%Consumer $149.8MQ3 2023Q2 2025
Deposit mix
72%Interest-bearing $866.1M28%Noninterest $343.7MQ3 2023Q2 2025

Market Position · Virginia Beach-Chesapeake-Norfolk, VA-NC · 2025 SOD (annual) · 4.0% share · #6 of 21 inst. · $1.2B of $30.0B

40.6% Hampton (City)
6.4% Newport News (City)
10.0% York
4.2% James (City)

Executive Summary

  • Earnings: ROA of 0.69%, down 10 bps year over year; NIM at 3.47%.
  • Asset quality: problem loans at 0.10% of loans (+5 bps YoY), with net charge-offs at 0.13%.
  • Capital: tier 1 leverage ratio of 10.57%, up 71 bps from a year ago.
  • Funding: loans stand at 83.17% of deposits as of Q2 2025.

Return on Assets (quarter, annualized)

0.69%-10 bps YoY

Net Interest Margin (quarter, annualized)

3.47%+7 bps YoY

Efficiency Ratio (quarter, annualized)

75.73%+94 bps YoY

Tier 1 Leverage Ratio

10.57%+71 bps YoY

NIM

4.55%Q2 ’234.97%Q2 ’244.89%Q2 ’25-1%+2%

Non-interest income vs. expense

3.18%Q2 ’232.99%Q2 ’242.97%Q2 ’25-5%+5%

Discrete quarter, annualized.

MetricQ3 2023Q4 2023Q1 2024Q2 2024Q3 2024Q4 2024Q1 2025Q2 2025YoY ΔTrend
Earnings
Return on Assets0.52%0.45%0.58%0.79%0.76%0.85%0.60%0.69%-10 bps
Return on Equity6.22%5.31%6.59%8.89%8.31%9.18%6.35%7.11%-178 bps
Net Interest Margin3.18%3.28%3.26%3.41%3.41%3.37%3.41%3.47%+7 bps
Efficiency Ratio81.00%76.36%81.56%74.79%73.69%74.36%74.80%75.73%+94 bps
Non-Interest Burden2.46%2.38%2.56%2.40%2.36%2.38%2.43%2.52%+12 bps
Growth
Asset Growth (YoY)9.94%6.71%2.01%-1.44%2.05%0.45%0.55%-1.33%+11 bps
Loan Growth (YoY)13.30%5.18%-1.27%-3.74%-5.29%-6.53%-5.15%-4.58%-84 bps
Deposit Growth (YoY)3.95%5.67%2.27%0.57%3.37%2.08%2.24%-2.45%-302 bps
Asset Quality
Nonperforming Loans / Loans0.25%0.18%0.10%0.05%0.10%0.10%0.19%0.10%+5 bps
Net Charge-Offs / Loans0.11%0.39%0.13%0.12%0.18%0.16%0.14%0.13%+1 bps
Allowance / Loans1.09%1.13%1.12%1.12%1.14%1.13%1.17%1.19%+7 bps
Allowance Coverage of NPLs4.4x6.2x11.1x22.6x11.7x11.5x6.0x12.2x-10.4x
Capital
Tier 1 Leverage Ratio9.48%9.46%9.76%9.87%9.99%10.06%10.45%10.57%+71 bps
Total Risk-Based Capital12.28%12.47%12.73%13.12%13.80%13.98%14.08%14.36%+124 bps
Equity / Assets8.22%8.70%8.77%9.08%9.29%9.31%9.50%9.94%+86 bps
Liquidity & Funding
Loans / Deposits87.21%87.53%86.69%85.03%79.91%80.15%80.43%83.17%-186 bps
Liquid Assets / Assets4.38%4.42%5.26%5.42%10.60%8.47%8.30%5.87%+45 bps
CRE / Total Capitaln/an/an/an/an/an/an/an/an/an/a