Exhibit 99.1

Old Point Reports Second Quarter 2019 Results

Hampton, VA, July 25, 2019 (PRNewswire) Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $1.6 million and earnings per diluted common share of $0.31 for the quarter ended June 30, 2019, as compared to net income of $992 thousand or $0.19 earnings per diluted common share for the second quarter of 2018. Net operating earnings (non-GAAP) for the second quarter of 2019 were also $1.6 million or $0.31 per diluted common share, which compares to $1.5 million, or $0.28 per diluted common share for the second quarter of 2018.  Net operating earnings (non-GAAP) for the second quarter of 2018 adjust for certain merger-related costs incurred in the acquisition of Citizens National Bank which closed on April 1, 2018.

Net income for the six months ended June 30, 2019 was $3.7 million or $0.70 earnings per diluted common share. For the comparative 2018 period, net income was $1.9 million or $0.38 earnings per diluted common share. Excluding the effect of $684 thousand in after tax merger costs, net operating earnings (non-GAAP) were $2.6 million, or $0.51 earnings per diluted common share, for the six month period ended June 30, 2018.

Robert Shuford, Jr., Chairman, President, and CEO of Old Point National Bank (the Bank) said, "We are pleased to report earnings of $3.7 million, or $0.70 earnings per diluted common share, for the first six months of 2019. Our Company experienced solid revenue growth and expense control during the first six months of 2019 compared to the same period in 2018 and continued improvement in overall asset quality.”

Highlights of the quarter are as follows:

• Net interest income increased slightly to $8.5 million for the second quarter of 2019 compared to $8.4 million in the first quarter of 2019 and the second quarter of 2018, respectively.

• Net interest margin (on a fully tax-equivalent basis) improved to 3.68% from 3.67% in the prior quarter and 3.65% in the second quarter of 2018.

• Non-performing assets (NPAs) totaled $12.4 million as of June 30, 2019, down from $12.9 million at March 31, 2019 and $16.4 million at June 30, 2018. NPAs as a percentage of total assets improved to 1.21% at June 30, 2019 which compared to 1.26% at March 31, 2019 and 1.59% at June 30, 2018.

• Return on average assets (ROA) was 0.63% for the second quarter of 2019 compared to 0.80% in the prior quarter and 0.39% in the second quarter of 2018. Net operating ROA (non-GAAP) was 0.63% for the second quarter of 2019 compared to 0.80% and 0.58% in the first quarter of 2019 and the second quarter of 2018, respectively.

• Return on average equity (ROE) was 6.12% for the second quarter of 2019 compared to 7.94% in the prior quarter and 4.06% in the second quarter of 2018. Net operating ROE (non-GAAP) was 6.12% for the second quarter of 2019 compared to 7.94% and 6.02% in the first quarter of 2019 and the second quarter of 2018, respectively.

• The efficiency ratio improved to 78.06% for the second quarter of 2019 compared to 78.34% in the first quarter of 2019 and 85.54% in the second quarter of 2018.

Net Interest Income

Net interest income for the second quarter of 2019 was $8.5 million, an increase of $172 thousand, or 2.1%, from the prior quarter and $105 thousand, or 1.2%, from the second quarter of 2018. The year-over-year and quarter-over-quarter growth was positively impacted by higher average earning asset balances and higher yields which was partially offset by higher funding costs.  The tax-equivalent net interest margin for the quarter was 3.68%, up from 3.67% in the prior quarter and 3.65% in the same period a year ago.

Asset Quality

Non-performing assets (NPAs) totaled $12.4 million as of June 30, 2019, down from $12.9 million at March 31, 2019 and $16.4 million at June 30, 2018. NPAs as a percentage of total assets were 1.21%, which compares to 1.26% at March 31, 2019 and 1.59% at June 30, 2018. Non-accrual loans were $11.2 million at June 30, 2019 and March 31, 2019, down from $13.9 million at June 30, 2018. Loans past due 90 days or more and still accruing interest decreased $456 thousand to $1.2 million at June 30, 2019 from $1.7 million at March 31, 2019 and decreased by $1.1 million compared to $2.3 million at June 30, 2018. Of the loans past due 90 days or more at June 30, 2019, approximately $900 thousand were government-guaranteed student loans.

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The provision for loan losses was $787 thousand for the second quarter of 2019, as compared to $226 thousand for the prior quarter and $575 thousand for the second quarter of 2018.  The allowance for loan and lease losses (ALLL) was $10.8 million at June 30, 2019 compared to $10.1 million at March 31, 2019 and $9.9 million at June 30, 2018. The ALLL as a percentage of loans held for investment was 1.41% at June 30, 2019, up from 1.32% at March 31, 2019 and 1.27% at June 30, 2018. Annualized net charge offs as a percentage of average loans outstanding was 0.06% for the second quarter of 2019, which compares to 0.13% in the preceding quarter and 0.22% in the second quarter of 2018.  Despite overall improving asset quality which positively impacted the level of provision for loan losses in the first quarter of 2019, the level of provision in the second quarter of 2019 was impacted by specific impairments of $707 thousand, or a 9 basis point increase in the ratio of the ALLL as a percentage of loans held for investment, associated with problem credit resolutions.

Noninterest Income

Total noninterest income for the quarter was $3.6 million, an increase of $157 thousand from the previous quarter and an increase of $149 thousand, or 4.4% from the second quarter of 2018. Increases in other service charges, commissions and fees and mortgage banking income over the preceding quarter and the prior year quarter were partially offset by fluctuations in fiduciary and management fees and service charges on deposit accounts.

Noninterest Expense

Noninterest expense totaled $9.5 million for the second quarter of 2019, an increase of $217 thousand from the first quarter of 2019 and a decrease of $710 thousand from the second quarter of 2018. Adjusting for the impact of merger expenses of $479 thousand in the second quarter of 2018, adjusted noninterest expense (non-GAAP) decreased $231 thousand comparing second quarter of 2019 to the same period in 2018. For the linked quarter, increases in salaries and employee benefits and data processing were partially offset by decreases in other operating expenses.

Balance Sheet Review

Total assets as of June 30, 2019 were $1.0 billion, essentially unchanged from December 31, 2018. Net loans held for investment decreased $13.5 million, or 1.8%, from December 31, 2018 to $750.4 million.  Securities available for sale, at fair value, decreased $2.8 million to $145.5 million at June 30, 2019.

Total deposits as of June 30, 2019 increased $4.6 million, or 0.6%, to $847.8 million from December 31, 2018. Noninterest-bearing deposits decreased $3.4 million, or 1.4%, savings deposits increased $1.6 million, or 0.4%, and time deposits increased $6.5 million, or 2.8%.

The Company’s total stockholders’ equity at June 30, 2019 increased $5.4 million or 5.3% from December 31, 2018 to $107.4 million.  The Bank remains well capitalized with a Tier 1 Capital ratio of 11.43% at June 30, 2019 as compared to 10.90% at December 31, 2018. The Bank’s leverage ratio was 9.66% at June 30, 2019 as compared to 9.34% at December 31, 2018.

Non-GAAP Financial Measures – In addition to the Company's results presented in accordance with GAAP, this release includes certain non-GAAP financial measures including net operating earnings, net operating earnings per share, net operating ROA, net operating ROE, operating efficiency ratio, and adjusted noninterest expense.  A schedule reconciling these non-GAAP financial measures is provided at the end of this press release.  The Company uses non-GAAP financial measures in its internal analysis of financial and operating performance and the Company's management believes that they provide greater transparency regarding management's view of the Company's performance.  These non-GAAP financial measures should be read in conjunction with, and not as a substitute for, the Company's GAAP results.  In addition, because not all companies use identical calculations, the Company's presentation of its non-GAAP financial measures may not be comparable to other similarly titled measures of other companies.

Safe Harbor Statement Regarding Forward-Looking Statements - Statements in this press release which use language such as "believes," "expects," "plans," "may," "will," "should," "projects," "contemplates," "anticipates," "forecasts," "intends" and similar expressions, identify forward-looking statements. These forward-looking statements are based on the beliefs of Old Point's management, as well as estimates and assumptions made by, and information currently available to, management. These statements are inherently uncertain, and there can be no assurance that the underlying estimates or assumptions will prove to be accurate. Actual results could differ materially from historical results or those anticipated by such statements. Forward-looking statements in this release may include, without limitation: statements regarding future financial performance; performance of the investment and loan portfolios, including performance of the consumer auto loan portfolio and the purchased student loan portfolio; the effects of diversifying the loan portfolio; strategic business initiatives; management's efforts to reposition the balance sheet; deposit growth; levels and sources of liquidity; use of proceeds from the sale of securities; future levels of charge-offs or net recoveries; the impact of changes in NPAs on future earnings; write-downs and expected sales of other real estate owned; and changes in interest rates.

Factors that could have a material adverse effect on the operations and future prospects of Old Point include, but are not limited to, changes in: interest rates and yields; general economic and business conditions, including unemployment levels; demand for loan products; the legislative/regulatory climate; monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Federal Reserve Board and any changes associated with the current administration; the quality or composition of the loan or securities portfolios; changes in the volume and mix of interest-earning assets and interest-bearing liabilities; the effects of management's investment strategy and strategy to manage the net interest margin; the U.S. Government's guarantee of repayment of student loans purchased by Old Point; the level of net charge-offs on loans; deposit flows; competition; demand for financial services in Old Point's market area; technology; cyber threats, attacks and events; reliance on third parties for key services; the use of inaccurate assumptions in management's modeling systems; the real estate market; accounting principles, policies and guidelines; and other factors detailed in Old Point's publicly filed documents, including its Annual Report on Form 10-K for the year ended December 31, 2018. These risks and uncertainties should be considered in evaluating the forward-looking statements contained herein, and readers are cautioned not to place undue reliance on such statements, which speak only as of date of the release.

Old Point Financial Corporation ("OPOF" - Nasdaq)is theparent company of The Old Point National Bank of Phoebus, a locally owned and managed community bank serving all of Hampton Roads and Old Point Trust & Financial Services, N.A., aHampton Roads wealth management services provider. Web: www.oldpoint.com. For more information, contact Elizabeth Beale, Interim Chief Financial Officer of Old Point Financial Corporation at 757-325-8123, or Laura Wright, Vice President/Marketing Director, Old Point National Bank at 757-728-1743.

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Old Point Financial Corporation and Subsidiaries
Consolidated Balance Sheets	June 30,		December 31,
(dollars in thousands, except share data)	2019		2018
	(unaudited)
Assets
Cash and due from banks	$	15,903	$	19,915
Interest-bearing due from banks		33,868		20,000
Federal funds sold		831		2,302
Cash and cash equivalents		50,602		42,217
Securities available-for-sale, at fair value		145,453		148,247
Restricted securities, at cost		3,479		3,853
Loans held for sale		754		479
Loans, net		750,421		763,898
Premises and equipment, net		36,293		36,738
Bank-owned life insurance		27,153		26,763
Goodwill		1,650		1,650
Other real estate owned, net		-		83
Core deposit intangible, net		385		407
Other assets		13,214		13,848
Total assets	$	1,029,404	$	1,038,183
Liabilities & Stockholders' Equity
Deposits:
Noninterest-bearing deposits	$	242,882	$	246,265
Savings deposits		369,477		367,915
Time deposits		235,425		228,964
Total deposits		847,784		843,144
Overnight repurchase agreements		18,011		25,775
Federal Home Loan Bank advances		50,000		60,000
Other borrowings		2,250		2,550
Accrued expenses and other liabilities		3,934		4,708
Total liabilities		921,979		936,177
Stockholders' equity:
Common stock, $5 par value, 10,000,000 shares authorized; 5,202,850 and 5,184,289 shares outstanding (includes 24,511 and 13,689 of nonvested restricted stock, respectively)		25,892		25,853
Additional paid-in capital		20,838		20,698
Retained earnings		60,016		57,611
Accumulated other comprehensive income(loss), net		679		(2,156	)
Total stockholders' equity		107,425		102,006
Total liabilities and stockholders' equity	$	1,029,404	$	1,038,183

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Old Point Financial Corporation and Subsidiaries
Consolidated Statements of Income (unaudited)	Three Months Ended							Six Months Ended
(dollars in thousands, except per share data)	Jun. 30, 2019		Mar. 31, 2019			Jun. 30, 2018		Jun. 30, 2019			Jun. 30, 2018
Interest and Dividend Income:
Loans, including fees	$	9,075	$	8,862		$	8,688	$	17,937		$	16,583
Due from banks		111		57			22		168			26
Federal funds sold		6		7			8		13			10
Securities:
Taxable		648		620			499		1,268			993
Tax-exempt		234		266			302		500			646
Dividends and interest on all other securities		59		64			75		123			135
Total interest and dividend income		10,133		9,876			9,594		20,009			18,393
Interest Expense:
Checking and savings deposits		275		251			141		526			245
Time deposits		947		870			698		1,817			1,314
Federal funds purchased, securities sold under
agreements to repurchase and other borrowings		36		37			42		73			52
Federal Home Loan Bank advances		344		359			287		703			611
Total interest expense		1,602		1,517			1,168		3,119			2,222
Net interest income		8,531		8,359			8,426		16,890			16,171
Provision for loan losses		787		226			575		1,013			1,100
Net interest income after provision for loan losses		7,744		8,133			7,851		15,877			15,071
Noninterest Income:
Fiduciary and asset management fees		929		959			916		1,888			1,899
Service charges on deposit accounts		1,028		1,053			1,078		2,081			1,948
Other service charges, commissions and fees		1,026		925			941		1,951			1,795
Bank-owned life insurance income		198		192			173		390			382
Mortgage banking income		302		216			236		518			377
Gain on sale of available-for-sale securities, net		-		26			40		26			120
Other operating income		90		45			40		135			45
Total noninterest income		3,573		3,416			3,424		6,989			6,566
Noninterest Expense:
Salaries and employee benefits		5,927		5,699			5,935		11,626			11,412
Occupancy and equipment		1,405		1,393			1,487		2,798			2,964
Data processing		420		363			373		783			676
FDIC insurance		131		127			186		258			377
Customer development		151		162			135		313			317
Professional services		560		514			537		1,074			1,025
Employee professional development		230		186			208		416			400
Other taxes		149		150			142		299			312
ATM and other losses		53		62			157		115			254
Loss (gain) on other real estate owned		-		(2	)		86		(2	)		86
Merger expenses		-		-			391		-			596
Other operating expenses		482		637			581		1,119			1,215
Total noninterest expense		9,508		9,291			10,218		18,799			19,634
Income before income taxes		1,809		2,258			1,057		4,067			2,003
Income tax expense		183		231			65		414			69
Net income	$	1,626	$	2,027		$	992	$	3,653		$	1,934
Basic Earnings per Share:
Weighted average shares outstanding		5,202,166		5,186,807			5,177,233		5,194,529			5,099,008
Net income per share of common stock	$	0.31	$	0.39		$	0.19	$	0.70		$	0.38
Diluted Earnings per Share:
Weighted average shares outstanding		5,202,196		5,186,907			5,177,233		5,194,594			5,099,124
Net income per share of common stock	$	0.31	$	0.39		$	0.19	$	0.70		$	0.38
Cash Dividends Declared per Share:	$	0.12	$	0.12		$	0.11	$	0.24		$	0.22

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Old Point Financial Corporation and Subsidiaries
Average Balance Sheets, Net Interest Income And Rates
	For the quarter ended June 30,
(unaudited)	2019								2018
				Interest								Interest
	Average			Income/		Yield/			Average			Income/		Yield/
(dollars in thousands)	Balance			Expense		Rate**			Balance			Expense		Rate**
ASSETS
Loans*	$	767,393		$	9,088		4.75	%	$	778,033		$	8,702		4.47	%
Investment securities:
Taxable		108,060			648		2.40	%		95,657			499		2.09	%
Tax-exempt*		38,500			296		3.08	%		49,879			382		3.06	%
Total investment securities		146,560			944		2.58	%		145,536			881		2.42	%
Interest-bearing due from banks		18,656			111		2.40	%		4,656			22		1.89	%
Federal funds sold		1,143			6		2.38	%		2,079			8		1.54	%
Other investments		3,595			59		6.54	%		4,314			75		6.95	%
Total earning assets		937,347		$	10,208		4.37	%		934,618		$	9,688		4.15	%
Allowance for loan losses		(10,331	)							(10,125	)
Other non-earning assets		104,691								100,098
Total assets	$	1,031,707							$	1,024,591
LIABILITIES AND STOCKHOLDERS' EQUITY
Time and savings deposits:
Interest-bearing transaction accounts	$	31,050		$	3		0.03	%	$	28,875		$	3		0.04	%
Money market deposit accounts		254,908			250		0.39	%		240,832			117		0.19	%
Savings accounts		87,816			22		0.10	%		88,904			21		0.09	%
Time deposits		232,566			947		1.63	%		236,396			698		1.18	%
Total time and savings deposits		606,340			1,222		0.81	%		595,007			839		0.56	%
Federal funds purchased, repurchase
agreements and other borrowings		23,070			36		0.62	%		30,125			42		0.56	%
Federal Home Loan Bank advances		52,747			344		2.62	%		64,560			287		1.78	%
Total interest-bearing liabilities		682,157			1,602		0.94	%		689,692			1,168		0.68	%
Demand deposits		239,589								233,931
Other liabilities		3,481								2,897
Stockholders' equity		106,480								98,071
Total liabilities and stockholders' equity	$	1,031,707							$	1,024,591
Net interest margin				$	8,606		3.68	%				$	8,520		3.65	%
*Computed on a fully tax-equivalent basis using a 21% rate, adjusting interest income by $75 thousand and $94 thousand, respectively.
**Annualized

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Old Point Financial Corporation and Subsidiaries
Average Balance Sheets, Net Interest Income And Rates
	For the six months ended June 30,
(unaudited)	2019								2018
				Interest								Interest
	Average			Income/		Yield/			Average			Income/		Yield/
(dollars in thousands)	Balance			Expense		Rate			Balance			Expense		Rate
ASSETS
Loans*	$	769,258		$	17,964		4.71	%	$	761,795		$	16,612		4.36	%
Investment securities:
Taxable		105,676			1,268		2.42	%		95,025			993		2.09	%
Tax-exempt*		41,059			633		3.11	%		53,881			818		3.04	%
Total investment securities		146,735			1,901		2.61	%		148,906			1,811		2.43	%
Interest-bearing due from banks		14,319			168		2.37	%		2,913			26		1.79	%
Federal funds sold		1,133			13		2.38	%		1,271			10		1.57	%
Other investments		3,689			123		6.73	%		4,365			135		6.19	%
Total earning assets		935,134		$	20,169		4.35	%		919,250		$	18,594		4.05	%
Allowance for loan losses		(10,396	)							(9,985	)
Other nonearning assets		103,374								96,763
Total assets	$	1,028,112							$	1,006,028
LIABILITIES AND STOCKHOLDERS' EQUITY
Time and savings deposits:
Interest-bearing transaction accounts	$	29,606		$	5		0.04	%	$	28,239		$	5		0.04	%
Money market deposit accounts		253,007			477		0.38	%		235,961			208		0.18	%
Savings accounts		87,882			44		0.10	%		87,214			32		0.07	%
Time deposits		231,335			1,817		1.58	%		224,088			1,314		1.17	%
Total time and savings deposits		601,830			2,343		0.79	%		575,502			1,559		0.54	%
Federal funds purchased, repurchase
agreements and other borrowings		24,139			73		0.61	%		29,243			52		0.36	%
Federal Home Loan Bank advances		55,470			703		2.55	%		72,403			611		1.69	%
Total interest-bearing liabilities		681,439			3,119		0.92	%		677,148			2,222		0.66	%
Demand deposits		237,496								228,524
Other liabilities		4,186								3,172
Stockholders' equity		104,991								97,184
Total liabilities and stockholders' equity	$	1,028,112							$	1,006,028
Net interest margin				$	17,050		3.68	%				$	16,372		3.56	%
*Computed on a fully tax-equivalent basis using a 21% rate, adjusting interest income by $160 thousand and $201 thousand, respectively.
**Annualized

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Old Point Financial Corporation and Subsidiaries	As of or for the quarter ended,
Selected Ratios (unaudited)	June 30,			March 31,			June 30,
(dollars in thousands, except per share data)	2019			2019			2018
Earnings per common share, diluted	$	0.31		$	0.39		$	0.19
Return on average assets (ROA)		0.63	%		0.80	%		0.39	%
Return on average equity (ROE)		6.12	%		7.94	%		4.06	%
Net Interest Margin (FTE)		3.68	%		3.67	%		3.65	%
Non-performing assets (NPAs) / total assets		1.21	%		1.26	%		1.59	%
Annualized Net Charge Offs / average total loans		0.06	%		0.13	%		0.22	%
Allowance for loan losses / total loans		1.41	%		1.32	%		1.27	%
Efficiency ratio (FTE)		78.06	%		78.34	%		85.54	%
Non-Performing Assets (NPAs)
Nonaccrual loans	$	11,203		$	11,245		$	13,891
Loans > 90 days past due, but still accruing interest		1,222			1,678			2,295
Other real estate owned		-			-			251
Total non-performing assets	$	12,425		$	12,923		$	16,437
Other Selected Numbers
Loans, net	$	750,421		$	752,799		$	766,344
Deposits		847,784			836,177			840,335
Stockholders equity		107,425			105,019			99,293
Total assets		1,029,404			1,026,880			1,032,130
Loans charged off during the quarter, net of recoveries		118			249			426
Quarterly average loans		767,393			771,143			778,033
Quarterly average assets		1,031,707			1,024,476			1,024,591
Quarterly average earning assets		937,347			932,895			934,618
Quarterly average deposits		845,929			832,652			828,938
Quarterly average equity		106,480			103,486			98,071

Reconciliations of GAAP Measures to Non-GAAP Measures (unaudited)
	Three Months Ended									Six Months Ended
	Jun. 30, 2019			Mar. 31, 2019			Jun. 30, 2018			Jun. 30, 2019			Jun. 30, 2018
Net income	$	1,626		$	2,027		$	992		$	3,653		$	1,934
Plus: Merger-related costs (after tax)		-			-			391			-			596
Merger-related severance costs (after tax)		-			-			88			-			88
Net operating earnings	$	1,626		$	2,027		$	1,471		$	3,653		$	2,618
Weighted average shares outstanding (assuming dilution)		5,202,196			5,186,907			5,177,233			5,194,594			5,099,124
Earnings per share (GAAP)	$	0.31		$	0.39		$	0.19		$	0.70		$	0.38
Net operating earnings per share (non-GAAP)		0.31			0.39			0.28			0.70			0.51
Average assets	$	1,031,707		$	1,024,476		$	1,024,591		$	1,028,112		$	1,006,028
ROA (GAAP)		0.63	%		0.80	%		0.39	%		0.72	%		0.39	%
Net operating ROA (non-GAAP)		0.63	%		0.80	%		0.58	%		0.72	%		0.52	%
Average stockholders equity	$	106,480		$	103,486		$	98,071		$	104,991		$	97,184
ROE (GAAP)		6.12	%		7.94	%		4.06	%		7.02	%		4.01	%
Net operating ROE (non-GAAP)		6.12	%		7.94	%		6.02	%		7.02	%		5.43	%
Efficiency ratio (FTE)		78.06	%		78.34	%		85.54	%		78.20	%		85.59	%
Operating efficiency ratio (FTE)		78.06	%		78.34	%		81.53	%		78.20	%		82.61	%

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