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:   2024-04-26T23:59:59+00:00
Accession:  0001562762-24-000100
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BOTJ Q1 net income $2.19M ($0.48 EPS) vs $1.98M a year ago; declares $0.10 dividend
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- Net income of $2.19M, $0.48 per share, vs $1.98M ($0.43) in Q1 2023; earnings per share up 11.6% YoY.
- Net interest margin narrowed to 3.02% from 3.48% YoY; total interest income rose 15.5% to $10.51M.
- Nonperforming loans ratio remained low at 0.09%; recovery of credit losses of $553K vs $140K provision a year ago.
- Total deposits increased to $893.5M at March 31, 2024 from $878.5M at Dec 31, 2023; core deposits >70%.
- Book value per share rose to $13.30 from $13.21 in Dec 2023; quarterly dividend of $0.10 declared.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275101/000156276224000100/0001562762-24-000100-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275101/000156276224000100/botj-20240426x8k.htm
  HTML page:      https://secwatch.observer/filing/0001562762-24-000100

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