615 Church Street
Lynchburg, VA 24504
www.bankofthejames.com



Bank of the James is headquartered in Lynchburg and is the 48th largest bank in the state of Virginia. It is also the 1,546th largest bank in the nation. It was established in 1999 and as of December of 2011, it had grown to 120 employees at 10 locations. Bank of the James' savings rates are 5X the national average, and it has a 3-star health rating.

Bank of the James Routing Number: 051409016



See Rates for: Checking | Savings | Money Market | CD

Bank of the James Checking Account Rates

ApyMinMaxProduct
0.15%$500-50 Plus Checking
0.15%--IOLTA
0.10%$750-Interest Checking
0.10%--Business Interest Checking
0.10%--Minuteman Checking
0.10%--Staunton River Checking

Bank of the James Savings Account Rates

ApyMinMaxProduct
2.75%--Health Savings Account
1.25%--Community Market IRA
0.75%--Christmas Club Account
0.25%-$110kPeaks Savings Account
0.15%$1k-James River Account
0.15%--Statement Savings Account
0.15%--Minor Savings Account
0.10%--Lancer Account

Bank of the James Money Market Rates

ApyMinMaxProduct
0.50%$100k$1mBlue Ridge Money Market Account
0.50%$100k$1mCommunity Market Account

Bank of the James CD Rates

ApyMinMaxProduct
1.50%$500-60 Month CD
1.30%$500-48 Month CD
1.20%$500-36 Month CD
1.15%$500-30 Month CD
0.90%$500-24 Month CD
0.65%$500-12 Month CD
0.65%$500-18 Month One Time Bump Up CD
0.55%$1k-1 Year No Penalty CD
0.50%$500-9 Month CD
0.45%$500-6 Month CD
0.20%$500-3 Month CD

Rates updated: 5/23/2012

Data for Q4 2011


Institution Statistics


Bank of the James
FDIC Certificate #35207
BankRate ReportView
Year Established1999
Employees120
Primary RegulatorFED

Assets and Liabilities

Assets$427.04 million
Loans$319.19 million
Deposits$374.96 million
Equity Capital$33.41 million
Loan Loss Allowance$5.61 million
Unbacked Noncurrent Loans$10.38 million
Real Estate Owned$3.25 million

Historic Data - December 2010

Assets$418.90 million
Equity Capital$31.42 million
Loan Loss Allowance$5.47 million
Unbacked Noncurrent Loans$8.37 million
Real Estate Owned$3.44 million

Profit Margin - Quarterly

Net Interest Margin4.08%
Return on Assets0.32%
Return on Equity4.11%
Interest Income$19.52 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
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, 2011 Bank of the James had $13.63 million in non-current loans and owned real-estate with $39.02 million in equity and loan loss allowances on hand to cover it. This gives Bank of the James a Texas Ratio of 34.93% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Bank of the James held steady from 32.00% as of December 31, 2010 to 34.93% as of December 31, 2011, resulting in a negative change of 9.14%. This indicates that the balance sheet and financial strength for Bank of the James has held steady in recent periods.
Deposit Growth4
In the past year, Bank of the James has increased its total deposits by $5.44 million, resulting in 1.47% 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 above average.
Capitalization3
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 $427.04 million in assets with $39.02 million in equity, resulting in a capitalization level of 9.14%, which is average.
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