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:   2025-08-20T23:59:59+00:00
Accession:  0001562762-25-000214
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1275101/000156276225000214/0001562762-25-000214-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1275101/000156276225000214/botj-20250818x8k.htm
  HTML page:      https://secwatch.observer/filing/0001562762-25-000214

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