Bank of the James Financial Group, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 22, 2021 at 12:20 pm
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Bank of the James Financial Group, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 6.889 million compared to USD 6.105 million a year ago. Net income was USD 1.710 million compared to USD 1.520 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to USD 0.35 a year ago. For the full year, net interest income was USD 25.146 million compared to USD 24.552 million a year ago. Net income was USD 4.980 million compared to USD 5.605 million a year ago. Basic earnings per share from continuing operations was USD 1.15 compared to USD 1.28 a year ago.
Bank of the James (the Bank) is a full-service commercial and retail bank. The Bank is a wholly owned subsidiary of Bank of the James Financial Group, Inc. The Bank is engaged in a general retail and commercial banking business. The Bankâs services include personal, business and online banking, loans, and investments. The Bank serves individuals, small and medium-sized businesses and professionals of the Central Virginia area from offices located in Altavista, Amherst, Appomattox, Bedford, Blacksburg, Charlottesville, Forest, Harrisonburg, Lexington, Lynchburg, Madison Heights, Roanoke, Rustburg, and Wytheville. The Bank offers full investment and insurance services through its BOTJ Investment Services division and BOTJ Insurance, Inc. subsidiary. It also provides mortgage loan origination through Bank of the James Mortgage, a division of Bank of the James. It also provides investment advisory services through its wholly owned subsidiary, Pettyjohn, Wood & White, Inc.
BANK OF THE JAMES FINANCIAL GROUP, INC. 
