Exhibit 99.1

Old Point Releases Second Quarter 2018 Results

Hampton, VA, July 27, 2018 (PRNewswire) Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $990 thousand and earnings per share of $0.19 for the second quarter ended June 30, 2018. Excluding the effect of $479 thousand in after tax merger costs, net operating earnings (non-GAAP) were $1.5 million, or $0.28 per share, for the second quarter of 2018.  The Company's second quarter of 2018 results include the financial results of Citizens National Bank (Citizens), which the Company acquired on April 1, 2018.

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

Robert Shuford, Jr., President and CEO of Old Point National Bank said, "This was a solid quarter for us as we continued to see revenue momentum and improvement in core profitability metrics, as compared to the prior quarter and same quarter prior year.  Net loan growth was muted by some large pay-downs, but new loan production and related pipelines are strong. Noninterest revenues were particularly strong in the second quarter across most of our lines of business. While operating expenses were somewhat elevated during the quarter, much of the increase was associated with nonrecurring expenses associated with the acquisition, which coupled with anticipated cost savings, should improve over the second half of the year. We have a number of initiatives ongoing to improve our efficiency and effectiveness, including the implementation of a new commercial loan origination platform scheduled for later this year. In addition, we are developing, with the help of advisors, a future state for all of our loan origination processes to maximize this investment. The Citizens acquisition has come together seamlessly and our new Old Point teammates are bringing much energy and enthusiasm."

Highlights of the quarter are as follows:

·
Net interest income after provision for loan losses improved to $7.8 million, an increase of 7.4% over the previous quarter and 21.3% over the second quarter of 2017.

·
Return on average assets (ROA) was 0.39% compared to 0.38% in the prior quarter and 0.50% in the second quarter of 2017. Net operating ROA (non-GAAP) was 0.57% compared to 0.46% and 0.34% in the first quarter of 2018 and the second quarter of 2017, respectively.

·
Non-performing assets as a percentage of total assets improved to 1.59% from 1.66% at March 31, 2018; this ratio was 1.58% at June 30, 2017.

·
Total assets increased to $1.0 billion, representing growth of $50.2 million, or 5.1%, from December 31, 2017 and $79.5 million, or 8.3%, from June 30, 2017, reflecting the acquisition of Citizens.

1

The following information was filed by Old Point Financial Corp (OPOF) on Monday, July 30, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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