OLD POINT TRUST & FINANCIAL SERVICES N A

Where Microsoft led Old Point Trust & Financial Services' December book, Exxon Mobil sits first as of March 2026 — 4.4% of a $311 million portfolio that still reads like a regional trust sleeve, not a concentrated active book. The contrast is sharper than a simple reshuffle: ConocoPhillips was cut almost in half by shares (−50%, about $6.1 million of share flow out), while the largest share adds clustered in factor and bond ETFs (SPYG, IUSV, VGIT, BSV). Microsoft and Apple remain multi-percent holdings but both were lightly trimmed; Johnson & Johnson, Cisco, and Amgen also saw share reductions. With 349 lines and ETFs as the largest sector sleeve (~$47 million), Q1 looks like a defensive rebalance — energy leadership at the top, energy selectivity underneath, and more index/bond ballast in the middle.