Bank of The James Financial Group, Inc. (NASDAQ: BOTJ) is a community banking holding company that operates Bank of the James, a Virginia-chartered commercial bank serving communities across central and western Virginia. The company earns revenue primarily through net interest income on loans and deposits, supplemented by noninterest income from mortgage originations and sales, service fees, investment services, wealth management fees earned through subsidiary PWW, and credit and debit card transaction fees. Bank of the James operates full-service branches across Lynchburg, Charlottesville, Harrisonburg, Roanoke, Appomattox, Lexington, Rustburg, Buchanan, and Nellysford, with a mortgage origination office in Blacksburg, as of the 10-K filed 2026-03-27. Total risk-based capital was $100.2 million against risk-weighted assets of $799.3 million, with average total assets of $1.04 billion for FY2025. The bank's Tier 1 capital ratio stood at 11.73% as of December 31, 2025, well above the 8.5% regulatory adequacy threshold.

Revenue model

Net interest income from loans and deposits is the primary revenue source. Noninterest income includes mortgage origination and sale fees (all conforming and non-conforming mortgages originated by the Mortgage Division are presold to third-party institutions, eliminating credit and interest rate risk on that portfolio), deposit service fees, overdraft and ATM charges, treasury management fees, credit and debit card income, investment services fees, and wealth management fees from PWW.

Products and services

Checking accounts, savings accounts, money market accounts, certificates of deposit, conforming and non-conforming consumer residential mortgages, reverse mortgage loans, treasury management services, investment services, wealth management services (PWW subsidiary), credit and debit card services, ATM services.

Customers and end markets

Retail and commercial deposit customers, residential mortgage borrowers, small and mid-sized businesses, and wealth management clients across central and western Virginia markets including the Region 2000 area, Charlottesville, Harrisonburg, Roanoke, Lexington, Blacksburg, and Wytheville.

Value-chain role

Community bank and holding company. Originates loans and deposits locally, sells all Mortgage Division originations to mortgage banking or other financial institutions via non-delegated correspondent relationships. Holding company revenue is derived almost entirely from dividends paid up by Bank of the James and PWW.

Geographic exposure

Virginia-focused, with branches in Lynchburg (primary market), Charlottesville, Harrisonburg, Roanoke, Appomattox, Lexington, Rustburg, Buchanan, and Nellysford, plus a mortgage origination office in Blacksburg. Geographic expansion into Charlottesville, Roanoke, and Harrisonburg cited as deliberate diversification away from primary market concentration, per 10-K filed 2026-03-27.

Source: SEC 10-K, filed 2026-03-27

Industry: State Commercial Banks Peers: Ameriserv Financial Inc Delhi Bank Corp PNC Financial Services Group Inc UNITED BANCSHARES INC/OH