secwatch.observer — SEC 8-K summary
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Issuer:     BANK OF THE JAMES FINANCIAL GROUP INC (BOTJ)
CIK:        0001275101
Form:       8-K
Filed at:   2022-07-22T23:59:59+00:00
Accession:  0001562762-22-000299
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of the James Q2 net income rises 14% to $2.29M; declares $0.07 dividend and $500K buyback
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- Net income Q2 2022 $2.29M ($0.48/sh) vs $2.01M ($0.42/sh) in Q2 2021; record quarterly earnings.
- Net interest income after recovery of loan losses: Q2 $7.4M (+10% YoY); first half $14.1M.
- Loan portfolio grew ~$18M in Q2 to $607.32M; nonperforming loans only 0.14% of total loans.
- Board declared $0.07/sh quarterly dividend (payable Sept 16, 2022) and approved $500K stock repurchase plan.
- Book value per share fell to $11.25 from $14.05 due to $21.26M unrealized loss on securities portfolio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275101/000156276222000299/0001562762-22-000299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275101/000156276222000299/botj-20220719x8k.htm
  HTML page:      https://secwatch.observer/filing/0001562762-22-000299

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