Bank of the James Financial Group, Inc. announced unaudited results for the three and six months ended June 30, 2025. Net income for the three months was $2.70 million, compared to $2.15 million in 2024. For the six months, net income was $3.55 million, down from $4.34 million in 2024.

The Bank’s net interest margin improved to 3.45% in the second quarter of 2025, the highest in several quarters. Asset quality ratios remained strong, supporting sound margins and quality earnings. The Bank retired approximately $10 million in capital notes, reducing interest expense and overall liabilities.

Total interest income for the second quarter of 2025 increased by 6% to $11.64 million, while interest expense decreased by 12%. Noninterest income remained stable at $4.08 million, with strong contributions from commercial treasury services and wealth management fees. Noninterest expenses increased due to various factors.

The Bank’s balance sheet showed a strong cash position and high asset quality, with total assets at $1.004 billion at June 30, 2025. Loans, net of allowance for credit losses, increased to $649.09 million, and commercial real estate loans led lending activity. The Bank’s Tier 1 leverage ratio was 8.85% at June 30, 2025.

Key shareholder value measures improved, with stockholders’ equity rising to $71.67 million and a book value per share of $15.77 at June 30, 2025. The Company continues to focus on efficient operations, asset quality, and sustainable growth. The Board of Directors approved a quarterly dividend of $0.10 per common share.

Read more at GlobeNewswire: CORRECTING and REPLACING “Bank of the James Announces