BOTJ amends $11M note: maturity extended to 2030, rate raised to 5.65%

BANK OF THE JAMES FINANCIAL GROUP INC

Maturity of $11M secured note extended from Dec 2026 to Aug 31, 2030; interest rate increased to 5.65% from 3.90% as of Sept 1, 2025.
Monthly P&I payments reduced to ~$61k from ~$81k; balloon payment of ~$7.4M due at maturity.
Outstanding principal ~$8.9M as of Aug 31, 2025; note secured by ~4.95% of Bank's common stock.
Borrower may request one-time recast of amortization if prepaying $1M or more.

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