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Overview / Commentary
615 Church Street
Lynchburg, VA 24504

Bank of the James is headquartered in Lynchburg and is the 47th largest bank in the state of Virginia. It is also the 1,534th largest bank in the nation. It was established in 1999 and as of December of 2013, it had grown to 119 employees at 10 locations. Bank of the James' savings rates are 4X the national average, and it has a B+ health rating.

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Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Bank of the James had $4.52 million in non-current loans and owned real-estate with $42.4 million in equity and loan loss allowances on hand to cover it. This gives Bank of the James a Texas Ratio of 10.65% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
A+

The Texas Ratio for Bank of the James decreased dramatically from 20.05% as of December 31, 2012 to 10.65% as of December 31, 2013, resulting in a positive change of 46.87%.This indicates that the balance sheet and financial strength for Bank of the James has improved dramatically in recent periods.

Deposit Growth

GRADE:
C-

In the past year, Bank of the James has decreased its total deposits by -$11.9 million, resulting in -2.96% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of the James has shown is below average.

Capitalization

GRADE:
B

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of the James has $434.62 million in assets with $42.4 million in equity, resulting in a capitalization level of 9.75%, which is above average.

Institution Statistics

Overall
FDIC Certificate #35207
Year Established1999
Employees119
Primary RegulatorFED
Assets and Liabilities
Assets$434.62 million
Loans$341.92 million
Deposits$390.18 million
Equity Capital$37.21 million
Loan Loss Allowance$5.19 million
Unbacked Noncurrent Loans$3.07 million
Real Estate Owned$1.45 million
Historic Data - December 2012
Assets$441.44 million
Equity Capital$36.64 million
Loan Loss Allowance$5.54 million
Unbacked Noncurrent Loans$3.07 million
Real Estate Owned$2.11 million
Profit Margin - Quarterly
Net Interest Margin4.19%
Return on Assets0.82%
Return on Equity9.67%
Interest Income$18.43 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Bank of the James, we are a rate comparison website and can not provide official rates or promotions.

Bank of the James Savings Account Rates

DetailsAPYMINMAXPRODUCT
2.00%--Health Savings Account
0.50%--Community Market IRA
0.50%--Christmas Club Account
0.15%-$110kPeaks Savings Account
0.10%--Statement Savings Account
0.10%--Minor Savings Account

Bank of the James Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k$1mBlue Ridge Money Market Account
0.25%$100k$1mCommunity Market Account

Bank of the James Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.15%$500-50 Plus Checking
0.15%$1k-James River Account
0.15%--IOLTA
0.10%$750-Interest Checking
0.10%--Lancer Account
0.10%--Business Interest Checking
0.10%--Minuteman Checking
0.10%--Staunton River Checking

Bank of the James CD Rates

DetailsAPYMINMAXPRODUCT
1.25%$500-60 Month CD
1.05%$500-48 Month CD
0.95%$500-36 Month CD
0.90%$500-30 Month CD
0.65%$500-24 Month CD
0.50%$500-12 Month CD
0.50%$500-18 Month One Time Bump Up CD
0.40%$500-9 Month CD
0.30%$500-6 Month CD
0.30%$1k-1 Year No Penalty CD
0.20%$500-3 Month CD
Locations


Bank of the James Locations
Altavista Branch1110 Main StreetAltavista, VA 24517
Bedford Branch1405 Ole Dominion BlvdBedford, VA 24523
Amherst Branch164 South Main StreetAmherst, VA 24521
Forest Branch17000 Forest RoadForest, VA 24551
Madison Heights Branch4698 S. Amherst HighwayMadison Heights, VA 24572
Boonsboro Branch4935 Boonsboro Road, Suite CLynchburg, VA 24503
Westminster-Canterbury Branch501 Ves RoadLynchburg, VA 24503
Fort Avenue Branch5204 Fort AvenueLynchburg, VA 24502
Bank Of The James615 Church StreetLynchburg, VA 24504
Main Street Branch828 Main StreetLynchburg, VA 24504