Bank of the James is headquartered in Lynchburg and is the 32nd largest bank in the state of Virginia. It is also the 1,108th largest bank in the nation. It was established in 1999 and as of September of 2018, it had grown to 150 employees at 16 locations. Bank of the James has a B+ health rating.
For the most part, I always get great customer service when I walk in to any of these local branches. At my typical branch, someone always greets me and opens the door for me, making me feel relaxed and positive before I even begin my transaction. I have business accounts with them and I've had the pleasure of working with bankers on several occasions. Every time, they have been curious and been good listeners, ensuring that I get the most out of my accounts and with the least amount of fees. They fix my problems quickly and I don't have to wait around all day to talk to someone like I would at some larger banks. I am considering moving my personal accounts to them too but the main two things holding me back is that I like having locations across multiple states in case I am out of town, and they're mobile/web experience is not as strong and user friendly as some other big banks. It is important to me to be able to access accounts quickly online.
|FDIC Certificate #||35207|
|Return on Assets - YTD||0.85%|
|Return on Equity - YTD||9.75%|
|Annual Interest Income||$20.0MM|
|Assets and Liabilities|
|Assets||Q3 2018vs Q3 2017||$667.4MM$619.8MM|
|Loans||Q3 2018vs Q3 2017||$526.6MM$495.3MM|
|Deposits||Q3 2018vs Q3 2017||$608.0MM$562.1MM|
|Equity Capital||Q3 2018vs Q3 2017||$57.8MM$55.4MM|
|Loan Loss Allowance||Q3 2018vs Q3 2017||$4.6MM$6.0MM|
|Unbacked Noncurrent Loans||Q3 2018vs Q3 2017||$2.3MM$2.3MM|
|Real Estate Owned||Q3 2018vs Q3 2017||$2.5MM$2.6MM|
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