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Overview / Commentary
615 Church Street
Lynchburg, VA 24504

Bank of the James is headquartered in Lynchburg and is the 45th largest bank in the state of Virginia. It is also the 1,526th largest bank in the nation. It was established in 1999 and as of March of 2014, it had grown to 121 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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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Bank of the James had $5.13 million in non-current loans and owned real-estate with $44.14 million in equity and loan loss allowances on hand to cover it. This gives Bank of the James a Texas Ratio of 11.61% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Bank of the James decreased dramatically from 19.56% as of March 31, 2013 to 11.61% as of March 31, 2014, resulting in a positive change of 40.62%.This indicates that the balance sheet and financial strength for Bank of the James has improved dramatically in recent periods.

Deposit Growth


In the past year, Bank of the James has increased its total deposits by $12.51 million, resulting in 3.22% 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 excellent.



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 $442.69 million in assets with $44.14 million in equity, resulting in a capitalization level of 9.97%, which is above average.

Institution Statistics

FDIC Certificate #35207
Year Established1999
Primary RegulatorFED
Assets and Liabilities
Assets$442.69 million
Loans$350.99 million
Deposits$400.66 million
Equity Capital$38.88 million
Loan Loss Allowance$5.26 million
Unbacked Noncurrent Loans$3.41 million
Real Estate Owned$1.71 million
Historic Data - March 2013
Assets$428.07 million
Equity Capital$37.12 million
Loan Loss Allowance$5.61 million
Unbacked Noncurrent Loans$3.41 million
Real Estate Owned$2.32 million
Profit Margin - Quarterly
Return on Assets0.75%
Return on Equity8.68%
Interest Income$4.55 million

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Bank of the James Savings Account Rates

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

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

Bank of the James Checking Account Rates

0.15%$500-50 Plus Checking
0.15%$1k-James River Account
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

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

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