BANK OF THE JAMES FINANCIAL GROUP INC
Business
Bank of the James Financial Group is a bank holding company providing general retail and commercial banking through Bank of the James, a Virginia state-chartered bank. The company offers deposit and lending products, mortgage brokerage services through its Mortgage Division, and investment advisory and wealth management services through its subsidiary Pettyjohn, Wood & White. Additional services include securities brokerage through BOTJ Investment and insurance/annuity products through BOTJ Insurance, with operations across 19 full-service offices and four loan production/limited-service offices in Virginia.
Summary from 10-K filed 2026-03-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Loans | 37 | 35 | 31 | 26 | 27 | |
| US Government and agency obligations | 2 | 1 | — | — | — | |
| Mortgage backed securities | 2 | 2 | 2 | 2 | 462,000 | |
| Municipals - taxable | 1 | 1 | 1 | 1 | 813,000 | |
| Municipals - tax exempt | 135,000 | 73,000 | 73,000 | 73,000 | 52,000 | |
| Dividends | 98,000 | 95,000 | 82,000 | 66,000 | 67,000 | |
| Corporates | 530,000 | 543,000 | — | — | — | |
| Interest bearing deposits | 559,000 | 775,000 | 496,000 | 282,000 | 33,000 | |
| Federal Funds sold | 3 | 4 | 2 | 721,000 | 107,000 | |
| Total interest income | 47 | 45 | 39 | 32 | 29 | |
| NOW, money market and savings | 5 | 5 | 3 | 555,000 | 564,000 | |
| Time deposits | 8 | 9 | 6 | 732,000 | 1 | |
| Finance leases | 65,000 | 76,000 | 86,000 | — | — | |
| Other borrowings | 389,000 | 376,000 | 398,000 | 440,000 | — | |
| Capital notes | 163,000 | 327,000 | 327,000 | 327,000 | 327,000 | |
| Total interest expense | 14 | 15 | 10 | — | — | |
| Net interest income | 33 | 29 | 30 | 30 | 27 | |
| Recovery of credit losses | −35,000 | −655,000 | −179,000 | −900,000 | −500,000 | |
| Net interest income after recovery of credit losses | 33 | 30 | 30 | 31 | 28 | |
| Gains on sales of loans held for sale | 5 | 4 | 4 | 5 | 8 | |
| Service charges, fees and commissions | 4 | 4 | 4 | 4 | 2 | |
| Wealth management fees | 5 | 5 | 4 | 4 | — | |
| Life insurance income | 769,000 | 721,000 | 548,000 | 452,000 | 430,000 | |
| Income from SBIC fund | 506,000 | 934,000 | 135,000 | — | — | |
| Other | 77,000 | 80,000 | 148,000 | 16,000 | 18,000 | |
| Gain on sales of securities, net | 27,000 | 62,000 | — | — | — | |
| Total noninterest income | 16 | 15 | 13 | 13 | 11 | |
| Salaries and employee benefits | 21 | 19 | 18 | 18 | 16 | |
| Occupancy | 2 | 2 | 2 | 2 | 2 | |
| Equipment | 3 | 2 | 2 | 3 | 3 | |
| Supplies | 631,000 | 542,000 | 530,000 | 521,000 | 471,000 | |
| Professional and other outside expense | 4 | 3 | 3 | 3 | 2 | |
| Data processing | 2 | 3 | 3 | 2 | 2 | |
| Marketing | 867,000 | 768,000 | 919,000 | 920,000 | 934,000 | |
| Credit expense | 904,000 | 816,000 | 805,000 | 923,000 | 1 | |
| FDIC insurance expense | 518,000 | 441,000 | 419,000 | 500,000 | 548,000 | |
| Amortization of intangibles | 561,000 | 560,000 | 560,000 | 560,000 | — | |
| Other | 2 | 2 | 1 | 2 | 2 | |
| Total noninterest expenses | 38 | 35 | 33 | 33 | 29 | |
| Income before income taxes | 11 | 10 | 10 | 11 | 9 | |
| Income tax expense | 2 | 2 | 2 | 2 | 2 | |
| Net Income | 9 | 8 | 9 | 9 | 8 | |
| Weighted average shares outstanding - basic | 5 | 5 | 5 | 5 | 5 | |
| Weighted average shares outstanding - diluted | 5 | 5 | 5 | 5 | 5 | |
| Earnings per common share basic | 1.99 | 1.75 | 1.91 | 1.91 | 1.6 | |
| Earnings per common share - diluted | 1.99 | 1.75 | 1.91 | 1.91 | 1.6 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and due from banks | 29 | 23 | 26 | 30 | 29 | |
| Federal funds sold | 56 | 50 | 49 | 32 | 154 | |
| Total cash and cash equivalents | 84 | 73 | 75 | 62 | 183 | |
| Securities held-to-maturity, at amortized cost (fair value of $3,315 and $3,170 as of December 31, 2025 and 2024, respectively) | 4 | 4 | 4 | 4 | 4 | |
| Securities available-for-sale, at fair value | 214 | 188 | 217 | 186 | — | |
| Restricted stock, at cost | 2 | 2 | 2 | 1 | 1 | |
| Loans, net of allowance for credit losses of $6,450 as of December 31, 2025 and $7,044 as of December 31, 2024 | 661 | 637 | 602 | 605 | — | |
| Loans held for sale | 3 | 4 | 1 | 2 | 2 | |
| Premises and equipment, net | 19 | 19 | 18 | 18 | 18 | |
| Interest receivable | 3 | 3 | 3 | 3 | 2 | |
| Cash value - bank owned life insurance | 24 | 23 | 22 | 19 | 19 | |
| Customer relationship intangible | 6 | 7 | 7 | 8 | 8 | |
| Goodwill | 2 | 2 | 2 | 2 | 3 | |
| Other assets | 16 | 18 | 18 | 18 | 9 | |
| Total assets | 1,039 | 979 | 969 | 929 | 988 | |
| Noninterest bearing demand | 131 | 130 | 134 | 155 | 162 | |
| NOW, money market and savings | 570 | 522 | 538 | 560 | 582 | |
| Time | 235 | 231 | 206 | 133 | 143 | |
| Total deposits | 937 | 882 | 879 | 848 | 887 | |
| Capital notes, net | — | 10 | 10 | 10 | 10 | |
| Other borrowings | 9 | 9 | 10 | 10 | 11 | |
| Interest payable | 1 | 722,000 | 480,000 | 89,000 | 46,000 | |
| Other liabilities | 12 | 12 | 10 | 10 | 10 | |
| Total liabilities | 959 | 914 | 909 | 878 | 918 | |
| Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,543,338 as of December 31, 2025 and December 31, 2024 | 10 | 10 | 10 | 10 | 10 | |
| Additional paid-in-capital | 35 | 35 | 35 | 36 | 37 | |
| Retained earnings | 50 | 43 | 37 | 31 | 23 | |
| Accumulated other comprehensive loss | −15 | −23 | −22 | −27 | −1 | |
| Total stockholders equity | 80 | 65 | 60 | 50 | 69 | |
| Total liabilities and stockholders equity | 1,039 | 979 | 969 | 929 | 988 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 1 | 1 | 1 | 2 | 2 | |
| Net amortization and accretion of premiums and discounts on securities | 211,000 | 571,000 | 1 | 508,000 | 516,000 | |
| Amortization of debt issuance costs | 2,000 | 6,000 | 10,000 | 10,000 | 4,000 | |
| Gain on sales of available-for-sale securities, net | −27,000 | −62,000 | — | 3,000 | — | |
| Gain on sale of equipment | −28,000 | — | — | −18,000 | — | |
| Proceeds from sales of loans held for sale | 177 | 193 | 170 | 218 | 345 | |
| Origination of loans held for sale | −172 | −191 | −165 | −213 | −331 | |
| Deferred income taxes | −156,000 | 28,000 | — | — | — | |
| Increase in accrued interest receivable | −315,000 | −230,000 | −99,000 | −672,000 | 286,000 | |
| Decrease in other assets | 979,000 | 50,000 | −4 | −62,000 | 295,000 | |
| Increase in interest payable | 445,000 | 242,000 | 391,000 | 43,000 | −39,000 | |
| Increase in other liabilities | 298,000 | 2 | 483,000 | −106,000 | 788,000 | |
| Net cash provided by operating activities | 12 | 9 | 9 | 9 | 16 | |
| Purchases of securities available-for-sale | −44 | −21 | −35 | −77 | −84 | |
| Proceeds from maturities, calls and paydowns of securities available-for-sale | 24 | 16 | 12 | 12 | 8 | |
| Proceeds from sales of securities available-for-sale | 4 | 31 | — | 8 | — | |
| Purchases of bank owned life insurance | — | −600,000 | −2 | — | −2 | |
| Purchases of restricted securities | −7,000 | −280,000 | — | — | — | |
| Origination of loans, net of principal collected | −25 | −34 | — | −28 | — | |
| Purchases of premises and equipment | −1 | −3 | −2 | −1 | −3 | |
| Proceeds from sales of equipment | 46,000 | — | — | 30,000 | — | |
| Purchase of SBIC investments | −350,000 | −100,000 | — | −927,000 | −564,000 | |
| Net cash used in investing activities | −42 | −11 | −23 | −88 | −65 | |
| Net increase in deposits | 55 | 4 | 30 | −39 | 122 | |
| Principal payments on finance lease obligations | −451,000 | −402,000 | −367,000 | −357,000 | −414,000 | |
| Repayment of capital notes | −10 | — | — | — | — | |
| Repayment of other borrowings | −504,000 | −590,000 | — | — | — | |
| Dividends paid to common stockholders | −2 | −2 | −1 | −1 | −1 | |
| Net cash provided by financing activities | 42 | 1 | 27 | −43 | 131 | |
| Increase (decrease) in cash and cash equivalents | 11 | −2 | 13 | −121 | 82 | |
| Unrealized gains on securities available-for-sale | 10 | −2 | — | — | — | |
| Lease liabilities arising from right-of-use assets | — | 212,000 | — | — | — | |
| Cash paid for interest | 13 | 15 | 9 | 2 | 2 | |
| Cash paid for income taxes | 2 | 2 | 2 | 2 | 3 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is BANK OF THE JAMES FINANCIAL GROUP INC's CIK number?
BANK OF THE JAMES FINANCIAL GROUP INC's SEC CIK number is 0001275101 (1275101). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find BANK OF THE JAMES FINANCIAL GROUP INC's SEC filings?
All of BANK OF THE JAMES FINANCIAL GROUP INC's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did BANK OF THE JAMES FINANCIAL GROUP INC last report earnings?
BANK OF THE JAMES FINANCIAL GROUP INC (BOTJ) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001275101-26-000017). This is BANK OF THE JAMES FINANCIAL GROUP INC's most recent earnings filing of record — not a forecast of its next earnings date.
What is BANK OF THE JAMES FINANCIAL GROUP INC's most recent earnings 8-K?
BANK OF THE JAMES FINANCIAL GROUP INC's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001275101-26-000017. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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