secwatch.observer — SEC 8-K summary
======================================

Issuer:     BANK OF THE JAMES FINANCIAL GROUP INC (BOTJ)
CIK:        0001275101
Form:       8-K
Filed at:   2022-02-15T23:59:59+00:00
Accession:  0001562762-22-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of the James reports record annual net income of $7.59M; Q4 EPS $0.39
--------------------------------------------------------------------------

- Net income $7.59M ($1.60 diluted EPS) in 2021 vs $4.98M ($1.04) in 2020; Q4 net income $1.86M ($0.39) vs $1.71M ($0.36).
- No loan loss provision in 2021; $500K recovery in Q4; nonperforming loans ratio 0.16%.
- Total deposits grew 16% to $887.1M; core deposits 83% of total.
- Declared $0.07/share quarterly dividend payable Mar 18, 2022 to holders of record Mar 4.
- Completed acquisition of Pettyjohn, Wood & White (investment advisor, $650M AUM) on Dec 31, 2021 for $10.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275101/000156276222000029/0001562762-22-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275101/000156276222000029/botj-20220211x8k.htm
  HTML page:      https://secwatch.observer/filing/0001562762-22-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer