Bank of the James Financial Group, Inc. filings document the regulatory record of a Virginia bank holding company and its banking and investment advisory subsidiaries. Form 8-K reports include quarterly and annual financial results, cash dividend declarations on common stock, officer and director changes, and material agreements tied to company financing.
Proxy materials describe annual meeting matters, board governance, shareholder voting procedures, executive compensation, and oversight of the holding company and Bank of the James. The filing record also includes disclosures related to Pettyjohn, Wood & White, Inc., the company’s investment advisory subsidiary, and debt arrangements used in connection with that business.
Bank of the James Financial Group, Inc. reported much stronger results for the quarter ended March 31, 2026. Net income rose to $2.77 million, up from $0.84 million a year earlier, and earnings per share increased to $0.61 from $0.19, driven by higher net interest income and fee-based revenues.
Total assets reached $1.06 billion, compared with $1.04 billion at December 31, 2025. Deposits grew to $956.6 million, while net loans declined modestly to $649.1 million as the allowance for credit losses decreased to $6.2 million. Noninterest income, including mortgage gains and wealth management fees, improved, and noninterest expenses edged lower.
Comprehensive income was $1.69 million, reflecting unrealized losses on the securities portfolio tied mainly to interest rate movements. Credit quality remained stable, with nonaccrual loans at $1.45 million and no other real estate owned. The investment advisory subsidiary managed about $1.01 billion in assets under management as of March 31, 2026.
Bank of the James Financial Group director Phillip C. Jamerson reported an open-market purchase of the company’s common stock. On May 7, 2026, he bought 1,000 shares at a weighted average price of $23.3969 per share, increasing his direct holdings to 18,190 shares.
Bank of the James Financial Group director buys shares in open market
Director Lewis C. Addison made an open-market purchase of 82 shares of Bank of the James Financial Group common stock at $23.175 per share. Following this transaction, he directly owns 19,721 shares of the company’s common stock.
BANK OF THE JAMES FINANCIAL GROUP INC director William C. Bryant III made an open-market purchase of 1,043 shares of common stock at $23.11 per share. After this transaction on May 6, 2026, he directly owns 77,716 shares of the company’s common stock.
Bank of the James Financial Group, Inc. reported much stronger first quarter 2026 results, with net income of $2.77 million, or $0.61 per share, up sharply from $0.19 a year earlier. Revenue, defined as net interest income plus noninterest income, grew 15.40% year over year while noninterest expense declined 4.69%, improving the efficiency ratio to 73.75% from 89.31%.
Return on average assets reached 1.07% and return on average equity was 13.87%. Asset quality remained solid, with nonperforming loans of $1.45 million, or 0.22% of total loans, and total deposits rose to $956.55 million. The board also declared a quarterly cash dividend of $0.10 per share, payable on or about June 5, 2026 to shareholders of record on May 22, 2026.
Bank of the James Financial Group, Inc. will hold its 2026 Annual Meeting of Shareholders virtually on May 19, 2026 at 1:00 p.m. Eastern Time. Shareholders of record as of March 23, 2026, holding 4,543,338 outstanding common shares, may vote online, by phone, by mail, or during the meeting.
Owners will vote on electing four Group Two directors through 2029, ratifying Elliott Davis as independent auditor for 2026, and approving an advisory “say-on-pay” resolution on executive compensation. Directors and executive officers as a group beneficially owned 542,017 shares, or about 11.93% of common stock as of the record date.
The proxy describes board structure, committee membership, insider trading and clawback policies, director fees, and detailed executive pay, including salary continuation arrangements and a corrected presentation of prior-year compensation table amounts. It also shows 2025 net income of $9.0 million and rising cumulative total shareholder return since 2023.
Bank of the James Financial Group, Inc., a Virginia-based community bank holding company, outlines its operations, regulation and key risks in its annual report. The company serves central and western Virginia through 19 full-service offices plus additional limited-service and mortgage locations, focusing on retail and commercial banking.
It supplements core banking with mortgage brokerage, securities brokerage, insurance agency services and SEC‑registered investment advisory subsidiary PWW, which managed about $1.03 billion of client assets and generated roughly 11% of 2025 revenue. The filing details extensive federal and state regulation, capital requirements and deposit insurance.
Major risks center on local economic conditions, heavy real estate and commercial real estate lending, concentration in small and mid-sized business borrowers, credit losses under the CECL standard, interest rate volatility, competition from larger banks and fintechs, cybersecurity threats, technology dependence, regulatory changes and the need to retain key personnel and culture.
BANK OF THE JAMES FINANCIAL GROUP INC President and director Robert R. Chapman reported an open-market purchase of 1,200 shares of common stock at $20.89 per share. Following this transaction, his directly held stake increased to 124,118 shares.
Bank of the James Financial Group director William C. Bryant III reported two open-market purchases of the company’s common stock. On February 19, 2026, he bought 600 shares at $20.82 per share, and on February 12, 2026, he bought 396 shares at $20.00 per share. After these transactions, he directly owned 76,673 shares of common stock.