Bank of the James in Lynchburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of the James - Overview

  • General
  • FDIC Certificate #: 35207
    Status: Active
    Federal Reserve ID: 2787770
    Bank Holding Company (Regulatory Top Holder): Bank Of The James Financial Group, Inc. (RSSDID: 3217032, Location: Lynchburg, VA)
    Date Established: July 22, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 76173
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 22, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 615 Church Street, Lynchburg, VA 24504
    County: Lynchburg City
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Lynchburg, VA (#4640)
    Core Based Statistical Area (CBSA): Lynchburg, VA (#31340)
    CBSA Metro Statistical Area: Lynchburg, VA (#31340)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $427.0 mil
    Equity capital: $33.4 mil
    Deposits held in domestic offices: $375.0 mil
    Return on assets (ROA): 0.32% ($1.4 mil)
    Quarterly return on assets: 0.10% ($0.4 mil)
    Return on Equity (ROE): 4.11% ($1.4 mil)
    Quarterly return on equity: 1.31% ($0.4 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.38% ($1,622.8 mil)
    Quarterly Pretax return on assets: -0.14% (-$597.9 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 120Total employees (full-time equivalent)
  • $427,040Total assets
  • $17,758Cash and due from depository institutions
  • $0Interest-bearing balances
  • $56,472Securities
  • $5,662Federal funds sold & reverse repurchase agreements
  • $319,187Net loans & leases
  • $5,612Loan loss allowance
  • $0Trading account assets
  • $8,679Bank premises and fixed assets
  • $3,253Other real estate owned
  • $0Goodwill and other intangibles
  • $427,040Life insurance assets
  • $16,029All other assets
  • $393,632Total liabilities and capital
  • $374,958Total liabilities
  • $318,665Total deposits
  • $374,958Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 8378.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $296Subordinated debt
  • $33,408All other liabilities
  • $33,408Total equity capital
  • $33,408Total bank equity capital
  • $0Perpetual preferred stock
  • $3,742Common stock
  • $19,325Surplus
  • $10,341Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $433Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,376Income earned, not collected on loans
  • $0Earning assets
  • $1,583Long-term assets (5+ years)
  • $381,321Average Assets, year-to-date
  • $217,607Average Assets, quarterly
  • $427,165Volatile liabilities
  • $428,149Insider loans
  • $317,684FHLB advances
  • $427,680Loans and leases held for sale
  • $8,609Unused loan commitments
  • $3,144Tier 1 (core) risk-based capital
  • $33,461Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,465Total unused commitments
  • $51,153Restructured Loans and leases
  • $10,542Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $19,519Total interest income
  • $3,772Total interest expense
  • $15,747Net interest income
  • $4,807Provision for loan and lease losses
  • $1,619Total noninterest income
  • $0Fiduciary activities
  • $433Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,186Additional noninterest income
  • $12,103Total noninterest expense
  • $5,646Salaries and employee benefits
  • $1,742Premises and equipment expense
  • $4,715Additional noninterest expense
  • $456Pre-tax net operating income
  • $1,181Securities gains (losses)
  • $291Applicable income taxes
  • $1,346Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,346Net income attributable to bank
  • $0Net charge-offs
  • $1,346Cash dividends
  • $4,662Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.06%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.42%Noninterest income to earning assets
  • 3.14%Noninterest expense to earning assets
  • 0.09%Net operating income to assets
  • 0.32%Return on assets (ROA)
  • 0.38%Pretax return on assets
  • 4.11%Return on equity (ROE)
  • 4.11%Retained earnings to average equity (YTD only)
  • 1.43%Net charge-offs to loans
  • 103.11%Credit loss provision to net charge-offs
  • 1.13%Efficiency ratio
  • 69,694Assets per employee
  • 3.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.73%Loss allowance to noncurrent loans
  • 54.09%Noncurrent assets plus other real estate owned to assets
  • 3.19%Noncurrent loans to loans
  • 3.19%Net loans and leases to deposits
  • 85.13%Net loans and leases to core deposits
  • 86.41%Equity capital to assets
  • 7.82%Core capital (leverage) ratio
  • 7.82%Tier 1 risk-based capital ratio
  • 10.53%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $427,165Average earning assets
  • $32,779Average equity
  • $385,825Average loans

List of branches

  • 10 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    076173Bank Of The James615 Church Street, Lynchburg, VA 24504July 22, 1999Full Service Brick and Mortar
    1362096Fort Avenue Branch5204 Fort Avenue, Lynchburg, VA 24502November 13, 2000Full Service Brick and Mortar
    2364199Madison Heights Branch4698 S. Amherst Highway, Madison Heights, VA 24572June 05, 2002Full Service Brick and Mortar
    3425198Forest Branch17000 Forest Road, Forest, VA 24551Febuary 02, 2004Full Service Brick and Mortar
    4441640Main Street Branch828 Main Street, Lynchburg, VA 24504October 22, 2004Full Service Brick and Mortar
    5452499Boonsboro Branch4935 Boonsboro Road, Suite C, Lynchburg, VA 24503April 11, 2006Full Service Brick and Mortar
    6465460Amherst Branch164 South Main Street, Amherst, VA 24521January 25, 2007Full Service Brick and Mortar
    7491969Bedford Branch1405 Ole Dominion Blvd, Bedford, VA 24523October 01, 2008Full Service Brick and Mortar
    8491970Altavista Branch1110 Main Street, Altavista, VA 24517November 01, 2008Full Service Brick and Mortar
    9511455Westminster-Canterbury Branch501 Ves Road, Lynchburg, VA 24503June 25, 2010Limited Service Administrative

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