Bank of the James Financial Group Announces Third Quarter of 2026 and First Nine Months of 2026 Financial Results and Declaration of Cash Dividend; Increases Quarterly Cash Dividend by 50%

Higher earnings supported a 50% dividend increase, while unrealized securities losses reduced stockholders’ equity.

Rhea-AI Summary

Bank of the James Financial Group (NASDAQ: BOTJ) reported third-quarter 2026 net income of $3.32 million and increased its quarterly dividend. Earnings per share rose to $0.73 from $0.61 a year earlier. Nine-month net income reached $9.34 million, or $2.05 per share, versus $6.30 million, or $1.39 per share.

The dividend increased 50% to $0.15 per share, payable December 4, 2026, to holders of record November 20. Third-quarter net interest income rose 17.12%, while the tax-equivalent net interest margin widened to 3.81% from 3.44%. At September 30, net loans were $694.03 million and deposits were $963.60 million, both above year-end levels. Nonperforming loans fell to $548,000 from $1.70 million at year-end. However, equity declined 2.00% to $78.45 million as increased unrealized securities losses outweighed retained earnings growth. Quarterly noninterest expenses rose 5.85%.

18 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 6 points

How the balance works

Positive

• Moderate pointThird-quarter net income increased 20.68% to $3.32 million; EPS rose to $0.73 from $0.61 year over year.
• Moderate pointQuarterly dividend increased 50% to $0.15 per share, payable December 4, 2026; record date November 20.
• Moderate pointNet interest income rose 17.12% in Q3 and 14.17% over nine months versus 2025.
• Moderate pointTax-equivalent net interest margin widened to 3.81% from 3.44% in Q3 and 3.70% from 3.37% over nine months.
• Moderate pointInterest expense declined 8.90% in Q3 and 10.26% over nine months versus 2025.
• Moderate pointNoninterest income increased 0.24% to $4.18 million in Q3 and 9.47% to $12.62 million over nine months.
• Moderate pointEfficiency ratio improved to 69.76% from 73.46% in Q3 and 70.35% from 79.45% over nine months.
• Moderate pointNet loans reached $694.03 million, up from $686.08 million in June and $661.36 million at year-end.

10 minor points

• Minor pointNine-month net income increased 48.22% to $9.34 million; EPS rose to $2.05 from $1.39 year over year.
• Minor pointWealth management fees increased 10.43% in Q3 and 11.90% over nine months versus 2025.
• Minor pointLoan-sale gains rose to $1.306 million from $1.242 million in Q3; nine-month gains also increased year over year.
• Minor pointService charges, fees and commissions rose to $1.089 million from $1.046 million in Q3 versus 2025.
• Minor pointNine-month noninterest expenses declined 0.24% to $28.37 million from $28.44 million in 2025.
• Minor pointDeposits increased 2.82% to $963.60 million from December 31, 2025.
• Minor pointTotal assets increased 2.46% to $1.065 billion from December 31, 2025.
• Minor pointNonperforming loans fell to $548,000 from $1.09 million in June and $1.70 million at year-end.
• Minor pointCredit-loss allowance coverage of nonperforming loans increased to 1,195.99% from 378.52% at year-end.
• Minor pointThird-quarter credit-loss provision declined to $35,000 from $91,000 a year earlier.

Negative

• Moderate pointAccumulated other comprehensive loss increased $9.57 million to $24.51 million from year-end, reflecting unrealized securities losses. 8.9% of market cap
• Moderate pointThird-quarter noninterest expenses increased 5.85% to $9.70 million from $9.16 million a year earlier.
• Minor pointStockholders’ equity declined 2.00% to $78.45 million; book value fell to $17.27 from $17.62 at year-end.
• Minor pointNine-month credit-loss provision was $239,000, versus a $300,000 recovery in 2025.
• Minor pointSmall business investment company income fell to $28,000 from $278,000 in Q3 versus 2025.
• Minor pointIncome tax expense increased 81.97% in Q3 and 75.53% over nine months versus 2025.

Key Figures

Third-quarter net income: $3.32 million vs. $2.75 million First-nine-month net income: $9.34 million vs. $6.30 million First-nine-month EPS: $2.05 vs. $1.39 per share +4 more

Third-quarter net income

$3.32 million vs. $2.75 million

Three months ended September 30, 2026 vs. 2025

First-nine-month net income

$9.34 million vs. $6.30 million

Nine months ended September 30, 2026 vs. 2025

First-nine-month EPS

$2.05 vs. $1.39 per share

Nine months ended September 30, 2026 vs. 2025

Quarterly cash dividend

$0.15 per common share; 50% increase from $0.10

Approved October 27, 2026; payable December 4, 2026

Third-quarter net interest income after provision

$9.69 million vs. $8.21 million

Three months ended September 30, 2026 vs. 2025

Nonperforming loans

$548,000, down from $1.09 million

September 30, 2026 vs. June 30, 2026

Accumulated other comprehensive loss

$24.51 million, increased by $9.57 million

At September 30, 2026; increase reflects unrealized losses on available-for-sale securities

Previous Dividends,earnings Reports

2 past events · Latest: Jul 30

Same Type 2 events

1. Jul 30

   Earnings and dividend

   24h Move

   -2.1%

   Q2 net income rose year over year; board declared a $0.10 quarterly dividend.

2. Apr 30

   Earnings and dividend

   24h Move

   -0.1%

   Q1 net income increased year over year; board declared a $0.10 quarterly dividend.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

net interest margin, nonperforming loans, allowance for credit losses, accumulated other comprehensive loss, +1 more

5 terms

net interest margin financial

"Net interest margin (tax-equivalent) was 3.81%"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

nonperforming loans financial

"Nonperforming loans were $548,000 at September 30, 2026"

Nonperforming loans are loans on which borrowers have stopped making the scheduled interest or principal payments for an extended period (commonly 90 days or more) or are otherwise in serious danger of default. Think of them as IOUs that aren’t being repaid: they tie up a lender’s money, reduce future interest income, and force the lender to hold extra reserves or take losses. For investors, a rising share of nonperforming loans signals weakening credit quality, higher potential losses, and greater risk to a bank’s profitability and capital.

allowance for credit losses financial

"The allowance for credit losses was $6.55 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

accumulated other comprehensive loss financial

"a $9.57 million increase in accumulated other comprehensive loss"

Accumulated other comprehensive loss is the running negative total of certain gains and losses that companies record outside their regular profit-and-loss statement, such as changes in the value of some investments, pension adjustments, or currency translation effects. It matters to investors because it reduces shareholders’ equity and reveals economic swings that haven’t affected reported net income yet — like a side ledger showing pending ups and downs that could influence future cash flow or balance-sheet strength.

available-for-sale securities financial

"unrealized losses on the Company’s available-for-sale securities portfolio"

Available-for-sale securities are investments in stocks, bonds or similar instruments that a company does not intend to trade frequently but may sell before they mature. They matter to investors because changes in the market value of these holdings show up as paper gains or losses on the company's balance sheet rather than immediately in profit, so they can affect reported net worth and the timing of income without changing day-to-day earnings. Think of them like items on a household shelf you might sell later: their value moves with the market even if you haven’t cashed out.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Bank of the James Financial Group Reports First Nine Months 2026 Net Income of $9.34 Million, $2.05 Per Share

LYNCHBURG, Va., Oct. 30, 2026 (GLOBE NEWSWIRE) -- Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ: BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc. (“PWW”), an SEC-registered investment advisor, today announced unaudited results of operations for the three-month and nine-month periods ended September 30, 2026. The Bank serves Region 2000 (the greater Lynchburg metropolitan statistical area) and the Blacksburg, Charlottesville, Harrisonburg, Lexington, Nellysford, Roanoke, and Wytheville, Virginia markets.

Third Quarter 2026 and Year-to-Date 2026 Highlights

• Net income for the third quarter of 2026 was $3.32 million, an increase of $570,000 from $2.75 million in the third quarter of 2025. Earnings per share were $0.73 compared with $0.61 per share one year earlier. Net income for the first nine months of 2026 was $9.34 million, an increase of $3.04 million from $6.30 million in the first nine months of 2025. Earnings per share were $2.05 compared with $1.39 per share one year earlier. The year-over-year increases reflect higher net interest income and growth in noninterest income.
• Total assets were $1.065 billion at September 30, 2026, compared with $1.039 billion at December 31, 2025, and $1.020 billion at September 30, 2025.
• Net interest income after provision for (recovery of) credit losses increased approximately 18% to $9.69 million in the third quarter of 2026 from $8.21 million in the third quarter of 2025, and increased 11.80% to $27.47 million in the first nine months of 2026 from $24.57 million in the first nine months of 2025. The Company recorded a total provision for credit losses of $35,000 for the third quarter and $239,000 for the first nine months of 2026. The provision for credit losses on loans was $26,000 and $344,000, respectively.
• Net interest margin (tax-equivalent) was 3.81% for the third quarter of 2026 compared with 3.44% for the third quarter of 2025, and 3.70% for the first nine months of 2026 compared with 3.37% for the first nine months of 2025.  
• Interest expense decreased 8.90% to $3.16 million in the third quarter of 2026 from $3.47 million in the third quarter of 2025, and decreased 10.26% to $9.31 million in the first nine months of 2026 from $10.37 million in the first nine months of 2025, reflecting lower deposit costs and, for the nine-month comparison only, the retirement of approximately $10 million in capital notes in the second quarter of 2025.
• Noninterest income increased 0.24% to $4.18 million in the third quarter of 2026 from $4.17 million in the third quarter of 2025, and increased 9.47% to $12.62 million in the first nine months of 2026 from $11.53 million in the first nine months of 2025.
• Noninterest expense increased 5.85% to $9.70 million in the third quarter of 2026 from $9.16 million in the third quarter of 2025, and decreased 0.24% to $28.37 million in the first nine months of 2026 from $28.44 million in the first nine months of 2025.
• Wealth management fees from PWW increased 10.43% to $1.50 million in the third quarter of 2026 from $1.36 million in the third quarter of 2025, and increased 11.90% to $4.38 million in the first nine months of 2026 from $3.92 million in the first nine months of 2025.
• The efficiency ratio (noninterest expense divided by the sum of net interest income and noninterest income) improved to 69.76% in the third quarter of 2026 from 73.46% in the third quarter of 2025, and to 70.35% in the first nine months of 2026 from 79.45% in the first nine months of 2025.
• Loans, net of the allowance for credit losses, were $694.03 million at September 30, 2026, compared with $686.08 million at June 30, 2026, $661.36 million at December 31, 2025, and $653.29 million at September 30, 2025.
• Total deposits were $963.60 million at September 30, 2026, compared with $937.13 million at December 31, 2025, and $919.80 million at September 30, 2025.
• Nonperforming loans were $548,000 at September 30, 2026, down from $1.09 million at June 30, 2026, and from $1.70 million at December 31, 2025. The allowance for credit losses was $6.55 million at September 30, 2026, compared with $6.45 million at December 31, 2025, and represented 1,195.99% coverage of nonperforming loans, compared with 378.52% at December 31, 2025.   The decrease in nonperforming loans was due primarily to the return of selected non-accrual relationships to accrual status.
• Stockholders’ equity decreased to $78.45 million at September 30, 2026, from $80.05 million at December 31, 2025, a decrease of 2.00%. Book value per share decreased to $17.27 from $17.62. Retained earnings increased $7.97 million, as year-to-date net income of $9.34 million was partially offset by dividends paid. This was more than offset by a $9.57 million increase in accumulated other comprehensive loss (AOCI), net of tax, to $24.51 million from $14.94 million at December 31, 2025, reflecting unrealized losses on the Company’s available-for-sale securities portfolio resulting from the increase in market interest rates since December 31, 2025, particularly during the third quarter.
• On October 27, 2026, the Company’s board of directors approved a quarterly dividend of $0.15 per common share to stockholders of record as of November 20, 2026, to be paid on December 4, 2026.   This is an increase of $0.05 per common share, or 50%, from the dividend declared in July 2026.

Commentary from Executive Management

Robert R. Chapman III, CEO of the Bank, commented: “Bank of the James Financial Group once again produced record quarterly profits during the third quarter, perpetuating the momentum which our corporation has generated thus far during 2026. Our team continues to do an outstanding job of serving our customers, and we appreciate the trust which our clients have placed in our organization.     

“We are also very pleased to announce a 50% increase in our quarterly cash dividend from $0.10 per share to $0.15 per share.   This is a well-deserved enhancement for our many loyal shareholders in appreciation for their participation in the Company’s journey over the past 27 years.”

Mike Syrek, President of the Bank, added: “Bank of the James’ loan portfolio and its deposit portfolio each reached all-time highs during the third quarter. It is especially notable that the net loan portfolio increased by $7.95 million during the quarter despite the repayment of one $10.07 million loan. These milestone achievements are a testament to the hard work of the entire team, not just this year but over the course of many years. We will continue to focus upon building relationships with our clients on both the loan and deposit fronts.”

About the Company

Bank of the James, a wholly-owned subsidiary of Bank of the James Financial Group, Inc. opened for business in July 1999 and is headquartered in Lynchburg, Virginia. The Bank currently serves customers in Virginia from offices located in Altavista, Amherst, Appomattox, Bedford, Blacksburg, Charlottesville, Forest, Harrisonburg, Lexington, Lynchburg, Madison Heights, Nellysford, Roanoke, Rustburg, and Wytheville. The Bank offers full investment and insurance services through its BOTJ Investment Services division and BOTJ Insurance, Inc. subsidiary. The Bank provides mortgage loan origination through Bank of the James Mortgage, a division of Bank of the James. The Company provides investment advisory services through its wholly-owned subsidiary, Pettyjohn, Wood & White, Inc., an SEC-registered investment advisor. Bank of the James Financial Group, Inc. common stock is listed under the symbol “BOTJ” on the NASDAQ Stock Market, LLC. Additional information on the Company is available at: www.bankofthejames.bank.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “plan” and similar expressions and variations thereof identify certain of such forward-looking statements which speak only as of the date on which they were made. Bank of the James Financial Group, Inc. (the “Company”) undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Such factors include, but are not limited to, competition, general economic conditions, potential changes in interest rates, changes in the value of real estate securing loans made by the Bank, as well as geopolitical conditions. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company’s filings with the Securities and Exchange Commission.

CONTACT: Eric J. Sorenson, Jr., Executive Vice President and Chief Financial Officer of the Bank, (434) 846-2000.

FINANCIAL RESULTS FOLLOW

Bank of the James Financial Group, Inc. and Subsidiaries
Consolidated Balance Sheets
(dollar amounts in thousands, except per share amounts)

	(unaudited)				(audited)
Assets	9/30/2026				12/31/2025
Cash and due from banks	$	20,706			$	28,538
Federal funds sold		41,049				55,937
Total cash and cash equivalents		61,755				84,475
Securities held-to-maturity (fair value of $3,114 as of September 30, 2026 and $3,315 as of December 31, 2025), net of allowance for credit losses of $0 as of September 30, 2026 and December 31, 2025		3,577				3,590
Securities available-for-sale, at fair value		225,490				214,128
Restricted stock, at cost		1,872				1,828
Loans, net of allowance for credit losses of $6,554 as of September 30, 2026 and $6,450 as of December 31, 2025		694,033				661,357
Loans held for sale		2,674				3,472
Premises and equipment, net		18,587				19,132
Interest receivable		3,286				3,380
Cash value - bank owned life insurance		24,319				23,676
Customer relationship intangible		5,744				6,164
Goodwill		2,054				2,054
Other real estate owned		192				-
Other assets		21,000				15,768
Total assets	$	1,064,583			$	1,039,024
Liabilities and Stockholders' Equity
Deposits
Noninterest bearing demand	$	150,251			$	131,456
NOW, money market and savings		564,419				570,345
Time		248,925				235,328
Total deposits		963,595				937,129
Other borrowings		8,606				8,796
Interest payable		1,193				1,167
Other liabilities		12,742				11,884
Total liabilities	$	986,136			$	958,976
Stockholders' equity
Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,543,338 as of September 30, 2026 and December 31, 2025		9,723				9,723
Additional paid-in capital		35,253				35,253
Retained earnings		57,982				50,009
Accumulated other comprehensive loss		(24,511	)			(14,937	)
Total stockholders' equity	$	78,447			$	80,048
Total liabilities and stockholders' equity	$	1,064,583			$	1,039,024

Bank of the James Financial Group, Inc. and Subsidiaries
Consolidated Statements of Income
(dollar amounts in thousands, except per share amounts) (unaudited)

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
Interest Income		2026			2025			2026			2025
Loans	$	10,432		$	9,492		$	29,596		$	27,739
Securities
US Government and agency obligations		595			540			1,847			1,542
Mortgage backed securities		725			386			1,916			1,150
Municipals - taxable		427			355			1,227			996
Municipals - tax exempt		70			40			195			82
Dividends		16			15			61			63
Corporates		129			136			426			407
Interest bearing deposits		78			150			303			400
Federal funds sold		411			657			1,448			2,264
Total interest income		12,883			11,771			37,019			34,643
Interest Expense
NOW, money market and savings	$	976		$	1,273		$	3,003		$	3,779
Time deposits		1,949			2,114			5,796			6,138
Finance leases		13			16			41			50
Other borrowings		224			68			470			244
Capital notes		-			-			-			163
Total interest expense		3,162			3,471			9,310			10,374
Net interest income		9,721			8,300			27,709			24,269
Provision for (recovery of) credit losses		35			91			239			(300	)
Net interest income after provision for (recovery of) credit losses		9,686			8,209			27,470			24,569
Noninterest income
Gains on sale of loans held for sale	$	1,306		$	1,242		$	4,031		$	3,668
Service charges, fees and commissions		1,089			1,046			3,232			3,002
Wealth management fees		1,504			1,362			4,383			3,917
Life insurance income		218			195			643			573
Income from small business investment company		28			278			229			278
Gains on sales and calls of securities		-			27			1			27
Other		34			19			100			62
Total noninterest income		4,179			4,169			12,619			11,527
Noninterest expenses
Salaries and employee benefits		5,632			5,516			16,642			15,650
Occupancy		551			523			1,682			1,590
Equipment		755			697			2,208			2,021
Supplies		205			153			497			463
Professional and other outside expense		746			725			2,272			3,194
Data processing		543			381			1,537			1,984
Marketing		227			249			674			684
Loan related expense		227			216			676			665
FDIC insurance expense		126			132			380			394
Amortization of intangibles		140			140			420			420
Other		544			428			1,384			1,376
Total noninterest expenses		9,696			9,160			28,372			28,441
Income before income taxes		4,169			3,218			11,717			7,655
Income tax expense		848			466			2,382			1,357
Net Income	$	3,321		$	2,752		$	9,335		$	6,298
Weighted average shares outstanding - basic and diluted		4,543,338			4,543,338			4,543,338			4,543,338
Net income per common share - basic and diluted	$	0.73		$	0.61		$	2.05		$	1.39

Bank of the James Financial Group, Inc. and Subsidiaries
Dollar amounts in thousands, except per share data
unaudited

Selected Data:	Three months ending Sep 30, 2026		Three months ending Sep 30, 2025		Change			Nine Months ending Sep 30, 2026		Nine Months ending Sep 30, 2025			Change
Interest income	$	12,883	$	11,771		9.45	%	$	37,019	$	34,643			6.86	%
Interest expense		3,162		3,471		-8.90	%		9,310		10,374			-10.26	%
Net interest income		9,721		8,300		17.12	%		27,709		24,269			14.17	%
Provision for (recovery of) credit losses		35		91		-61.54	%		239		(300	)		-179.67	%
Noninterest income		4,179		4,169		0.24	%		12,619		11,527			9.47	%
Noninterest expense		9,696		9,160		5.85	%		28,372		28,441			-0.24	%
Income taxes		848		466		81.97	%		2,382		1,357			75.53	%
Net income		3,321		2,752		20.68	%		9,335		6,298			48.22	%
Weighted average shares outstanding - basic and diluted		4,543,338		4,543,338		-			4,543,338		4,543,338			-
Basic and diluted net income per share	$	0.73	$	0.61	$	0.12		$	2.05	$	1.39		$	0.66

Balance Sheet at period end:	Sep 30, 2026		Dec 31, 2025		Change			Sep 30, 2025		Dec 31, 2024		Change
Loans, net	$	694,033	$	661,357		4.94	%	$	653,288	$	636,552		2.63	%
Loans held for sale		2,674		3,472		-22.98	%		3,766		3,616		4.15	%
Total securities		229,067		217,718		5.21	%		206,100		191,522		7.61	%
Total deposits		963,595		937,129		2.82	%		919,796		882,404		4.24	%
Stockholders' equity		78,447		80,048		-2.00	%		76,972		64,865		18.66	%
Total assets		1,064,583		1,039,024		2.46	%		1,020,125		979,244		4.17	%
Shares outstanding		4,543,338		4,543,338		-			4,543,338		4,543,338		-
Book value per share	$	17.27	$	17.62	$	(0.35	)	$	16.94	$	14.28	$	2.66

Daily averages:	Three months ending Sep 30, 2026		Three months ending Sep 30, 2025		Change		Year to date ending Sep 30, 2026		Year to date ending Sep 30, 2025		Change
Loans	$	691,133	$	657,028	5.19	%	$	675,928	$	652,562	3.58	%
Loans held for sale		3,361		3,011	11.62	%		3,441		3,022	13.86	%
Total securities (book value)		262,122		224,958	16.52	%		256,857		223,001	15.18	%
Total deposits		960,411		922,270	4.14	%		953,575		921,588	3.47	%
Stockholders' equity		84,702		71,641	18.23	%		82,785		68,250	21.30	%
Interest earning assets		1,012,880		959,442	5.57	%		1,003,299		961,411	4.36	%
Interest bearing liabilities		827,519		794,931	4.10	%		822,186		796,914	3.17	%
Total assets		1,067,582		1,017,872	4.88	%		1,059,183		1,018,389	4.01	%

Financial Ratios:	Three months ending Sep 30, 2026		Three months ending Sep 30, 2025		Change	Year to date ending Sep 30, 2026		Year to date ending Sep 30, 2025		Change
Return on average assets	1.23	%	1.07	%	0.16	1.18	%	0.83	%	0.35
Return on average equity	15.56	%	15.24	%	0.32	15.08	%	12.34	%	2.74
Net interest margin (tax-equivalent)	3.81	%	3.44	%	0.37	3.70	%	3.37	%	0.33
Efficiency ratio	69.76	%	73.46	%	-3.70	70.35	%	79.45	%	-9.10
Average equity to average assets	7.93	%	7.04	%	0.89	7.82	%	6.70	%	1.12

Allowance for credit losses:	Three months ending Sep 30, 2026			Three months ending Sep 30, 2025			Change		Year to date ending Sep 30, 2026			Year to date ending Sep 30, 2025			Change
Beginning balance	$	6,597		$	6,308		4.58	%	$	6,450		$	7,044		-8.43	%
Provision for (recovery of) credit losses*		26			9		188.89	%		344			(518	)	-166.41	%
Charge-offs		(80	)		(21	)	280.95	%		(392	)		(244	)	60.66	%
Recoveries		11			2		450.00	%		152			16		850.00	%
Ending balance		6,554			6,298		4.06	%		6,554			6,298		4.06	%
* does not include provision for or recovery of unfunded loan commitment liability

Nonperforming assets:	Sep 30, 2026		Dec 31, 2025		Change		Sep 30, 2025		Dec 31, 2024		Change
Total nonperforming loans	$	548	$	1,704	-67.84	%	$	1,895	$	1,640	15.55	%
Other real estate owned		192		-	N/A			-		-	N/A

Asset quality ratios:	2026		2025		Change	2025		2024		Change
Nonperforming loans to total loans	0.08	%	0.26	%	-0.18	0.29	%	0.25	%	0.04
Allowance for credit losses for loans to total loans	0.94	%	0.97	%	-0.03	0.95	%	1.09	%	-0.14
Allowance for credit losses for loans to nonperforming loans	1,195.99	%	378.52	%	817.47	332.35	%	429.51	%	-97.16

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Bank of the James increase its quarterly dividend in 2026?

Bank of the James Financial Group increased its quarterly dividend 50%, from $0.10 to $0.15 per common share. The board approved the dividend on October 27, 2026. Payment is scheduled for December 4, 2026, to stockholders of record on November 20, 2026.

What were BOTJ’s third-quarter 2026 earnings?

Third-quarter 2026 net income was $3.32 million, or $0.73 per share, compared with $2.75 million, or $0.61 per share, a year earlier. Net income increased 20.68%. The results are unaudited.

Why did Bank of the James nonperforming loans decline in 2026?

The decline primarily reflected the return of selected loans from non-accrual status to accrual status, meaning interest recognition resumed. Nonperforming loans were $548,000 at September 30, 2026, compared with $1.09 million at June 30 and $1.70 million at December 31, 2025.