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Bank of the James

Lynchburg, VA · Cert 35207 · Bk James Finl Group Inc.

State charter, Fed member · FED · 22 branches

Q2 2026

$1.0BAssets
$698.3MLoans
$938.1MDeposits
$81.6MEquity
Loan mix
89%RE $581.9M9%C&I $58.0M2%Consumer $14.1MQ2 2025Q2 2026
Deposit mix
85%Interest-bearing $798.8M15%Noninterest $139.3MQ2 2025Q2 2026

NIM

4.68%Q2 ’244.63%Q2 ’254.70%Q2 ’26+5%+7%

Non-interest income vs. expense

3.31%Q2 ’243.51%Q2 ’253.25%Q2 ’26+4%-11%

Market Position · Lynchburg, VA · 2026 SOD (annual) · 12.8% share · #3 of 17 inst. · $0.8B of $6.2B

15.6% Lynchburg (City)
10.6% Bedford
21.2% Amherst
8.1% Campbell

Executive Summary

  • Earnings: ROA of 1.09%, up 13 bps year over year; NIM at 3.60%.
  • Asset quality: problem loans at 0.16% of loans (-12 bps YoY), with net charge-offs at 0.01%.
  • Capital: tier 1 leverage ratio of 9.38%, up 53 bps from a year ago.
  • Funding: loans stand at 74.44% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.09%+13 bps YoY

Net Interest Margin (quarter, annualized)

3.60%+24 bps YoY

Efficiency Ratio (quarter, annualized)

68.76%-952 bps YoY

Tier 1 Leverage Ratio

9.38%+53 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.96%0.90%1.00%0.91%1.09%+13 bps
Return on Equity13.59%12.46%13.36%12.04%14.13%+54 bps
Net Interest Margin3.36%3.44%3.45%3.45%3.60%+24 bps
Efficiency Ratio78.28%75.88%70.87%75.61%68.76%-952 bps
Non-Interest Burden2.38%2.37%2.12%2.38%2.12%-26 bps
Growth
Asset Growth (YoY)3.29%1.30%6.37%5.02%3.35%+6 bps
Loan Growth (YoY)5.06%4.07%3.72%0.62%5.87%+81 bps
Deposit Growth (YoY)3.34%1.31%5.67%4.38%2.25%-110 bps
Asset Quality
Nonperforming Loans / Loans0.28%0.29%0.25%0.22%0.16%-12 bps
Net Charge-Offs / Loans0.10%0.01%0.12%0.10%0.01%-9 bps
Allowance / Loans0.96%0.95%0.96%0.94%0.94%-1 bps
Allowance Coverage of NPLs3.4x3.3x3.8x4.3x6.0x+2.6x
Capital
Tier 1 Leverage Ratio8.85%9.05%9.05%9.18%9.38%+53 bps
Total Risk-Based Capital12.19%12.25%12.54%12.98%12.66%+47 bps
Equity / Assets6.98%7.42%7.60%7.57%7.90%+92 bps
Liquidity & Funding
Loans / Deposits71.89%71.91%71.37%68.62%74.44%+255 bps
Liquid Assets / Assets6.66%6.99%6.48%7.31%1.95%-471 bps
CRE / Total Capitaln/a436%426%414%n/an/a