Bank of the James is headquartered in Lynchburg and is the 33rd largest bank in the state of Virginia. It is also the 1,060th largest bank in the nation. It was established in 1999 and as of December of 2020, it had grown to 146 employees at 18 locations. Bank of the James has an A 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||0.68%|
|Return on Equity - YTD||7.81%|
|Annual Interest Income||$29.7MM|
|Assets and Liabilities|
|Assets||Q4 2020vs Q4 2019||$851.8MM$725.7MM|
|Loans||Q4 2020vs Q4 2019||$609.0MM$577.5MM|
|Deposits||Q4 2020vs Q4 2019||$769.7MM$650.0MM|
|Equity Capital||Q4 2020vs Q4 2019||$72.5MM$66.3MM|
|Loan Loss Allowance||Q4 2020vs Q4 2019||$7.2MM$4.8MM|
|Unbacked Noncurrent Loans||Q4 2020vs Q4 2019||$2.1MM$1.3MM|
|Real Estate Owned||Q4 2020vs Q4 2019||$1.1MM$2.3MM|
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