Bank of the James raises quarterly dividend 50%
The $0.15 quarterly dividend is payable on or about December 4, 2026, to stockholders of record at the close of business November 20, 2026.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Bank of the James Financial Group, Inc. reported unaudited results for the third quarter and first nine months of 2026. For the three months ended September 30, net income was $3.321 million, up 20.68% from $2.752 million a year earlier, and basic and diluted earnings per share were $0.73 versus $0.61. Nine-month net income was $9.335 million, up 48.22% from $6.298 million; earnings per share were $2.05 versus $1.39.
Third-quarter net interest income was $9.721 million, up 17.12% from $8.300 million; nine-month net interest income was $27.709 million, up 14.17% from $24.269 million. Management said the Bank’s loan and deposit portfolios each reached all-time highs during the quarter. The net loan portfolio increased $7.95 million despite repayment of one $10.07 million loan.
The board declared a quarterly cash dividend of $0.15 per share, a 50% increase from $0.10. It is payable on or about December 4, 2026, to stockholders of record at the close of business on November 20, 2026.
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.
Positive
- Moderate pointThird-quarter net income rose 20.68% to $3.321 million.
- Minor pointNine-month net income rose 48.22% to $9.335 million.
- Minor pointQuarterly cash dividend increased 50%, from $0.10 to $0.15 per share.
Negative
- None.
Insights
Analyzing...
8-K Event Classification
Key Figures
Key Terms
Net interest margin (tax-equivalent) financial
Efficiency ratio financial
Allowance for credit losses financial
Nonperforming assets financial
Other real estate owned financial
Earnings Snapshot
FAQ
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________
FORM
_________________
Current Report
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported):
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(Exact Name of Registrant as Specified in Its Charter)
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(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (IRS Employer Identification No.) |
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(Address of Principal Executive Offices) |
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Registrant’s telephone number, including area code |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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Title of Each Class |
| Trading Symbol(s) |
| Name of Each Exchange on Which Registered |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 2.02. Results of Operations and Financial Condition
On October 30, 2026, Bank of the James Financial Group, Inc. (the “Company”) issued a press release announcing financial results for the three months and nine months ended September 30, 2026 (the “Press Release”). A copy of the Press Release is attached hereto as Exhibit 99.1.
The information contained in this Item 2.02, including Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except as expressly set forth by specific reference in such filing.
Item 8.01. Other Events
On October 27, 2026, the Board of Directors of the Company declared a quarterly cash dividend of $0.15 per share of common stock. The dividend will be paid on or about December 4, 2026 to stockholders of record at the close of business on November 20, 2026.
Item 9.01. Financial Statements and Exhibits
(a) Financial statements of businesses acquired – not applicable
(b) Pro forma financial information – not applicable
(c) Shell company transactions – not applicable
(d) Exhibits
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Exhibit No. | Exhibit Description |
99.1 | Bank of the James Financial Group, Inc. Press Release dated October 30, 2026 |
104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Date: October 30, 2026 | BANK OF THE JAMES FINANCIAL GROUP, INC. | ||
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| By /s/ Eric J. Sorenson, Jr. Eric J. Sorenson, Jr. Secretary and Treasurer | |
Exhibit 99.1
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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%
Bank of the James Financial Group Reports First Nine Months 2026 Net Income of $9.34 Million, $2.05 Per Share
LYNCHBURG, VA, October 30, 2026 -- 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
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· |
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. |
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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. |
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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. |
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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. |
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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. |
1
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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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) |
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(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 |
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|
|
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Liabilities and Stockholders' Equity |
|
|
|
|
|
|
|
|
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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 |
4
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 |