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:   2024-07-29T23:59:59+00:00
Accession:  0001562762-24-000185
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bank of the James Q2 net income $2.15M ($0.47 EPS), down 15% YoY; declares $0.10 dividend
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- Net income $2.15M ($0.47/share) vs $2.53M ($0.56) YoY; first-half $4.34M ($0.95) vs $4.52M ($0.99).
- Net interest income after recovery of credit losses $7.21M (Q2), $14.72M (first half); net interest margin 3.02%.
- Total interest income up 14% to $10.94M (Q2) on higher loan yields; noninterest income rose 22% to $4.19M.
- Loans net of allowance $616.09M (+2.4% from Dec 2023); deposits $884.90M; nonperforming loans 0.13% of loans.
- Quarterly dividend $0.10/share payable Sept 20, 2024 to holders of record Sept 6, 2024; book value $13.58.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275101/000156276224000185/0001562762-24-000185-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275101/000156276224000185/botj-20240726x8k.htm
  HTML page:      https://secwatch.observer/filing/0001562762-24-000185

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