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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 $14.1MQ3 2024Q2 2026
Deposit mix
85%Interest-bearing $798.8M15%Noninterest $139.3MQ3 2024Q2 2026

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 1.01%, up 41 bps year over year; NIM at 3.51%.
  • Asset quality: problem loans at 0.16% of loans (-12 bps YoY), with net charge-offs at 0.05%.
  • 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.

Return on Assets (YTD, annualized)

1.01%+41 bps YoY

Net Interest Margin (YTD, annualized)

3.51%+26 bps YoY

Efficiency Ratio (YTD, annualized)

72.05%-1,261 bps YoY

Tier 1 Leverage Ratio

9.38%+53 bps YoY

NIM

4.51%Q2 ’244.55%Q2 ’254.63%Q2 ’26+6%+8%

Non-interest income vs. expense

3.20%Q2 ’243.58%Q2 ’253.27%Q2 ’26+15%-14%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.75%0.72%0.23%0.60%0.70%0.78%0.91%1.01%+41 bps
Return on Equity10.30%10.03%3.30%8.54%9.82%10.75%12.04%13.08%+454 bps
Net Interest Margin3.08%3.06%3.15%3.25%3.31%3.28%3.45%3.51%+26 bps
Efficiency Ratio79.62%80.48%91.88%84.66%81.63%78.76%75.61%72.05%-1,261 bps
Non-Interest Burden2.26%2.28%2.83%2.61%2.52%2.37%2.38%2.24%-36 bps
Growth
Asset Growth (YoY)4.91%1.09%2.85%3.29%1.30%6.37%5.02%3.35%+6 bps
Loan Growth (YoY)4.46%6.00%6.77%5.06%4.07%3.72%0.62%5.87%+81 bps
Deposit Growth (YoY)3.15%1.07%2.69%3.34%1.31%5.67%4.38%2.25%-110 bps
Asset Quality
Nonperforming Loans / Loans0.20%0.25%0.27%0.28%0.29%0.25%0.22%0.16%-12 bps
Net Charge-Offs / Loans-0.03%-0.03%0.03%0.06%0.05%0.06%0.10%0.05%-1 bps
Allowance / Loans1.11%1.09%1.07%0.96%0.95%0.96%0.94%0.94%-1 bps
Allowance Coverage of NPLs5.5x4.3x3.9x3.4x3.3x3.8x4.3x6.0x+2.6x
Capital
Tier 1 Leverage Ratio9.62%9.04%9.12%8.85%9.05%9.05%9.18%9.38%+53 bps
Total Risk-Based Capital13.52%12.84%12.75%12.19%12.25%12.54%12.98%12.66%+47 bps
Equity / Assets7.63%6.97%7.11%6.98%7.42%7.60%7.57%7.90%+92 bps
Liquidity & Funding
Loans / Deposits70.01%72.71%71.18%71.89%71.91%71.37%68.62%74.44%+255 bps
Liquid Assets / Assets9.92%5.95%8.01%6.66%6.99%6.48%7.31%1.95%-471 bps
CRE / Total Capitaln/an/an/an/a436%426%414%n/an/a