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 (BOTJ) announced senior leadership changes approved on October 28, 2025, effective January 1, 2026. Longtime CFO J. Todd Scruggs, who has served since 1999 and as principal accounting officer since 2003, will transition to the newly created role of Chief Investment Officer. Eric J. Sorenson, Jr., currently General Counsel and an advisor to the Company for more than 25 years, will become Chief Financial Officer.
The Company stated the transition is not due to any disagreement on operations, policies, or practices. The filing notes no family relationships or related-party transactions requiring disclosure, and no new compensatory arrangements tied to these changes. As CFO, Sorenson will oversee financial, accounting, treasury, budgeting, and reporting, working with Scruggs and the Board on disciplined capital allocation.
Bank of the James Financial Group (BOTJ) announced senior leadership changes approved on October 28, 2025, effective January 1, 2026. Longtime CFO J. Todd Scruggs, who has served since 1999 and as principal accounting officer since 2003, will transition to the newly created role of Chief Investment Officer. Eric J. Sorenson, Jr., currently General Counsel and an advisor to the Company for more than 25 years, will become Chief Financial Officer.
The Company stated the transition is not due to any disagreement on operations, policies, or practices. The filing notes no family relationships or related-party transactions requiring disclosure, and no new compensatory arrangements tied to these changes. As CFO, Sorenson will oversee financial, accounting, treasury, budgeting, and reporting, working with Scruggs and the Board on disciplined capital allocation.
Bank of the James Financial Group, Inc. (BOTJ) filed an 8-K detailing two items: it furnished a press release announcing financial results for the three and nine months ended September 30, 2025, and it declared a quarterly cash dividend.
The Board approved a $0.10 per-share common stock dividend, payable on or about December 5, 2025 to stockholders of record as of the close of business on November 21, 2025. The results press release is included as Exhibit 99.1.
Bank of the James Financial Group, Inc. (BOTJ) filed an 8-K detailing two items: it furnished a press release announcing financial results for the three and nine months ended September 30, 2025, and it declared a quarterly cash dividend.
The Board approved a $0.10 per-share common stock dividend, payable on or about December 5, 2025 to stockholders of record as of the close of business on November 21, 2025. The results press release is included as Exhibit 99.1.
Director William C. Bryant III purchased 2,525 shares of Bank of the James Financial Group, Inc. (BOTJ) on August 25, 2025, at an average price of $15.43 per share, with per-share prices ranging from $15.15 to $15.51 across multiple transactions. After the purchase the reporting person beneficially owned 75,618 shares. The Form 4 was signed by a power of attorney on August 26, 2025. The filing identifies Mr. Bryant as a director and notes the transactions were non-derivative common stock acquisitions recorded as open-market purchases.
This disclosure provides a clear snapshot of insider buying activity but contains no accompanying commentary on intent, a trading plan, or links to broader company results or events.
Bank of the James Financial Group, Inc. entered into a Second Note Modification Agreement and Allonge with The National Bank of Blacksburg to change the terms of its existing secured promissory note originally issued for $11,000,000. The changes take effect on September 1, 2025.
The modification extends the debt’s maturity to August 31, 2030 from December 31, 2026, raises the interest rate to 5.65% per year from 3.90%, and re-amortizes payments into 240 equal monthly installments of about $61,000 starting September 30, 2025, with a final balloon payment of about $7,410,000 at maturity. As of August 31, 2025, the outstanding principal was roughly $8.9 million, secured by a first-priority lien on about 4.95% of the Bank’s common stock.
The company also gained an option to recast the amortization schedule if it prepays at least $1,000,000, keeping the same maturity date and interest rate while re-spreading the remaining principal over the original amortization period.
J. Todd Scruggs, a director and the secretary-treasurer of Bank of the James Financial Group, Inc. (BOTJ), reported a purchase of 356 shares of the company’s common stock on 08/14/2025 at a price of $14.2999 per share. After this transaction, the filing shows Mr. Scruggs beneficially owns 33,349 shares in total, and an additional 158 shares are indicated as indirectly owned by his spouse. The Form 4 was signed by a power of attorney on 08/15/2025.
This filing discloses a routine insider purchase and the resulting reported beneficial ownership levels; no derivative transactions or other security classes are reported in the document.
Bank of the James Financial Group director Lewis C. Addison reported a purchase of 134 shares of common stock on 08/13/2025 at a reported price of $14 per share, increasing his direct holdings to 19,433 shares. The Form 4 was executed by a power of attorney and lists the reporting person as a director; the transaction code shown is "P".
Bank of the James Financial Group, Inc. reported stronger quarterly operating results while showing mixed year-to-date performance. For the three months ended June 30, 2025, the company earned $2.704 million in net income, up from $2.148 million a year earlier, producing diluted earnings of $0.60 per share versus $0.47 in Q2 2024. Net interest income increased to $8.25 million for the quarter and net interest income after a $0.528 million recovery of credit losses was $8.778 million.
At June 30, 2025 total assets were $1.004 billion, loans net of allowance were $649.1 million, and deposits totaled $910.5 million. Stockholders' equity rose to $71.665 million. Assets under management in the Investment Advisory segment grew to $930.0 million. The company repaid $10.05 million of subordinated capital notes upon maturity. Year-to-date net income for six months was $3.546 million versus $4.335 million in 2024, and noninterest expenses increased to $19.281 million year-to-date.
Bank of the James Financial Group executive Harry P. Umberger reported a purchase of 138 shares of common stock at $13.88 per share on 08/12/2025, bringing his reported beneficial ownership to 2,025 shares. The Form 4 lists his role as EVP - Chief Credit Officer, shows the transaction code P (purchase), and includes a power-of-attorney signature for reporting.
Michael A. Syrek, President and Director of Bank of the James Financial Group, reported purchases of common stock on 08/11/2025. The filing shows two purchase transactions totaling 250 shares (243 shares at $13.97 and 7 shares at $14.00), increasing his direct holdings to 13,600 shares. The report also discloses 1,650 shares held indirectly by his spouse.