10-Q 1 botj-20230930x10q.htm 10-Q botj-20230930x10q
0.3330.3330.333false--12-31Q320230001275101http://fasb.org/us-gaap/2023#AccountingStandardsUpdate201613Memberhttp://fasb.org/us-gaap/2023#AccountingStandardsUpdate201613Member0001275101us-gaap:AdditionalPaidInCapitalMember2023-04-012023-06-300001275101us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310001275101us-gaap:AdditionalPaidInCapitalMember2022-07-012022-09-300001275101us-gaap:CommonStockMember2023-04-012023-06-300001275101us-gaap:CommonStockMember2023-01-012023-03-310001275101us-gaap:CommonStockMember2022-07-012022-09-300001275101us-gaap:RetainedEarningsMember2023-09-300001275101us-gaap:AdditionalPaidInCapitalMember2023-09-300001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-09-300001275101us-gaap:RetainedEarningsMember2023-06-300001275101us-gaap:AdditionalPaidInCapitalMember2023-06-300001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-06-3000012751012023-06-300001275101us-gaap:RetainedEarningsMember2023-03-310001275101us-gaap:AdditionalPaidInCapitalMember2023-03-310001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-3100012751012023-03-310001275101srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:RetainedEarningsMember2022-12-310001275101us-gaap:RetainedEarningsMember2022-12-310001275101us-gaap:AdditionalPaidInCapitalMember2022-12-310001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-12-310001275101us-gaap:RetainedEarningsMember2022-09-300001275101us-gaap:AdditionalPaidInCapitalMember2022-09-300001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-09-300001275101us-gaap:RetainedEarningsMember2022-06-300001275101us-gaap:AdditionalPaidInCapitalMember2022-06-300001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-06-3000012751012022-06-300001275101us-gaap:RetainedEarningsMember2022-03-310001275101us-gaap:AdditionalPaidInCapitalMember2022-03-310001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-3100012751012022-03-310001275101us-gaap:RetainedEarningsMember2021-12-310001275101us-gaap:AdditionalPaidInCapitalMember2021-12-310001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-12-310001275101us-gaap:CommonStockMember2023-09-300001275101us-gaap:CommonStockMember2023-06-300001275101us-gaap:CommonStockMember2023-03-310001275101us-gaap:CommonStockMember2022-12-310001275101us-gaap:CommonStockMember2022-09-300001275101us-gaap:CommonStockMember2022-06-300001275101us-gaap:CommonStockMember2022-03-310001275101us-gaap:CommonStockMember2021-12-310001275101us-gaap:RestrictedStockMemberbotj:IncentivePlanMember2023-09-300001275101botj:IncentivePlanMember2018-05-150001275101us-gaap:RestrictedStockMemberbotj:IncentivePlanMember2019-01-022019-01-020001275101botj:PettyyjohnWoodAndWhiteIncMember2021-01-012021-12-310001275101srt:WeightedAverageMemberbotj:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDefaultRateMemberbotj:DiscountedAppraisedValueMember2022-12-310001275101srt:MinimumMemberbotj:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDefaultRateMemberbotj:DiscountedAppraisedValueMember2022-12-310001275101srt:MaximumMemberbotj:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDefaultRateMemberbotj:DiscountedAppraisedValueMember2022-12-310001275101botj:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputCostToSellMemberbotj:DiscountedAppraisedValueMember2022-12-310001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-07-012023-09-300001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-04-012023-06-300001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-01-012023-03-310001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-07-012022-09-300001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012022-06-300001275101us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-01-012022-03-310001275101srt:WeightedAverageMemberbotj:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDefaultRateMemberbotj:DiscountedAppraisedValueMember2022-12-310001275101srt:WeightedAverageMemberbotj:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputCostToSellMemberbotj:DiscountedAppraisedValueMember2022-12-310001275101srt:MinimumMemberbotj:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDefaultRateMemberbotj:DiscountedAppraisedValueMember2022-12-310001275101srt:MinimumMemberbotj:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputCostToSellMemberbotj:DiscountedAppraisedValueMember2022-12-310001275101srt:MaximumMemberbotj:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputDefaultRateMemberbotj:DiscountedAppraisedValueMember2022-12-310001275101srt:MaximumMemberbotj:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMemberus-gaap:MeasurementInputCostToSellMemberbotj:DiscountedAppraisedValueMember2022-12-310001275101us-gaap:LoansMember2023-09-300001275101botj:SecuritiesHeldToMaturityMember2023-09-300001275101botj:AvailableForSaleDebtSecuritiesMember2023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:MortgageMember2023-07-012023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:InvestmentAdvisoryServicesMember2023-07-012023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:CommunityBankingMember2023-07-012023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:MortgageMember2023-01-012023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:InvestmentAdvisoryServicesMember2023-01-012023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:CommunityBankingMember2023-01-012023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:MortgageMember2022-07-012022-09-300001275101us-gaap:OperatingSegmentsMemberbotj:InvestmentAdvisoryServicesMember2022-07-012022-09-300001275101us-gaap:OperatingSegmentsMemberbotj:CommunityBankingMember2022-07-012022-09-300001275101us-gaap:OperatingSegmentsMemberbotj:MortgageMember2022-01-012022-09-300001275101us-gaap:OperatingSegmentsMemberbotj:InvestmentAdvisoryServicesMember2022-01-012022-09-300001275101us-gaap:OperatingSegmentsMemberbotj:CommunityBankingMember2022-01-012022-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2022-01-012022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMember2022-01-012022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMember2022-01-012022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMember2022-01-012022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMember2022-01-012022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMember2022-01-012022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMember2022-01-012022-12-310001275101botj:PettyyjohnWoodAndWhiteIncMember2022-01-012022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberbotj:CommercialConstructionMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:SubstandardMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:SpecialMentionMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:PassMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetPastDueMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:SubstandardMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:SpecialMentionMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:PassMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:FinancialAssetPastDueMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMemberus-gaap:SubstandardMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMemberus-gaap:SpecialMentionMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMemberus-gaap:PassMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMemberus-gaap:FinancialAssetPastDueMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMemberus-gaap:SubstandardMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMemberus-gaap:SpecialMentionMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMemberus-gaap:PassMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMemberus-gaap:FinancialAssetPastDueMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:SubstandardMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:SpecialMentionMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:PassMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:SubstandardMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:SpecialMentionMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:PassMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:SubstandardMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:SpecialMentionMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:PassMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:FinancialAssetPastDueMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300001275101us-gaap:RealEstateMemberus-gaap:ResidentialPortfolioSegmentMember2023-09-300001275101us-gaap:RealEstateMemberus-gaap:ConsumerPortfolioSegmentMember2023-09-300001275101us-gaap:RealEstateMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-09-300001275101us-gaap:RealEstateMemberus-gaap:CommercialPortfolioSegmentMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMember2023-09-300001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2023-09-300001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2023-09-300001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2023-09-300001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2023-09-300001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2023-09-300001275101botj:BusinessOtherAssetsMemberus-gaap:ResidentialPortfolioSegmentMember2023-09-300001275101botj:BusinessOtherAssetsMemberus-gaap:ConsumerPortfolioSegmentMember2023-09-300001275101botj:BusinessOtherAssetsMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2023-09-300001275101botj:BusinessOtherAssetsMemberus-gaap:CommercialPortfolioSegmentMember2023-09-300001275101us-gaap:SubstandardMember2023-09-300001275101us-gaap:SpecialMentionMember2023-09-300001275101us-gaap:RealEstateMember2023-09-300001275101us-gaap:PassMember2023-09-300001275101us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2023-09-300001275101us-gaap:FinancingReceivables60To89DaysPastDueMember2023-09-300001275101us-gaap:FinancingReceivables30To59DaysPastDueMember2023-09-300001275101us-gaap:FinancialAssetPastDueMember2023-09-300001275101us-gaap:FinancialAssetNotPastDueMember2023-09-300001275101us-gaap:AssetPledgedAsCollateralMember2023-09-300001275101botj:BusinessOtherAssetsMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:SubstandardMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:SpecialMentionMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:PassMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetPastDueMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberus-gaap:DoubtfulMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMemberbotj:MonitorMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:SubstandardMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:SpecialMentionMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:PassMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:FinancialAssetPastDueMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberus-gaap:DoubtfulMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMemberbotj:MonitorMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMemberus-gaap:SubstandardMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMemberus-gaap:SpecialMentionMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMemberus-gaap:PassMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMemberus-gaap:FinancialAssetPastDueMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMemberus-gaap:DoubtfulMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMemberbotj:MonitorMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMemberus-gaap:SubstandardMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMemberus-gaap:SpecialMentionMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMemberus-gaap:PassMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMemberus-gaap:FinancialAssetPastDueMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMemberus-gaap:DoubtfulMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMemberbotj:MonitorMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:SubstandardMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:SpecialMentionMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:PassMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberus-gaap:DoubtfulMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMemberbotj:MonitorMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:SubstandardMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:SpecialMentionMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:PassMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:FinancialAssetPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberus-gaap:DoubtfulMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMemberbotj:MonitorMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:SubstandardMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:SpecialMentionMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:PassMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:FinancialAssetPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberus-gaap:DoubtfulMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMemberbotj:MonitorMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerUnsecuredMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerSecuredMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialConstructionMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:SubstandardMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:SpecialMentionMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:PassMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetPastDueMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:FinancialAssetNotPastDueMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberus-gaap:DoubtfulMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMemberbotj:MonitorMember2022-12-310001275101us-gaap:SubstandardMember2022-12-310001275101us-gaap:SpecialMentionMember2022-12-310001275101us-gaap:PassMember2022-12-310001275101us-gaap:FinancingReceivablesEqualToGreaterThan90DaysPastDueMember2022-12-310001275101us-gaap:FinancingReceivables60To89DaysPastDueMember2022-12-310001275101us-gaap:FinancingReceivables30To59DaysPastDueMember2022-12-310001275101us-gaap:FinancialAssetPastDueMember2022-12-310001275101us-gaap:FinancialAssetNotPastDueMember2022-12-310001275101us-gaap:DoubtfulMember2022-12-310001275101botj:MonitorMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2023-01-012023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMember2023-01-012023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMember2023-01-012023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMember2023-01-012023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMember2023-01-012023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMember2023-01-012023-09-300001275101us-gaap:UnfundedLoanCommitmentMember2023-09-300001275101srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ResidentialPortfolioSegmentMember2022-12-310001275101srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:ConsumerPortfolioSegmentMember2022-12-310001275101srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310001275101srt:CumulativeEffectPeriodOfAdoptionAdjustmentMemberus-gaap:CommercialPortfolioSegmentMember2022-12-310001275101srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMember2021-12-310001275101us-gaap:ConsumerPortfolioSegmentMember2021-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMember2021-12-310001275101us-gaap:CommercialPortfolioSegmentMember2021-12-310001275101us-gaap:ResidentialPortfolioSegmentMember2023-01-012023-09-300001275101us-gaap:ConsumerPortfolioSegmentMember2023-01-012023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMember2023-01-012023-09-300001275101us-gaap:CommercialPortfolioSegmentMember2023-01-012023-09-300001275101us-gaap:ResidentialPortfolioSegmentMember2022-01-012022-12-310001275101us-gaap:ConsumerPortfolioSegmentMember2022-01-012022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMember2022-01-012022-12-310001275101us-gaap:CommercialPortfolioSegmentMember2022-01-012022-12-310001275101us-gaap:ConsumerPortfolioSegmentMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMember2022-12-310001275101us-gaap:ConsumerPortfolioSegmentMember2022-12-310001275101us-gaap:CommercialRealEstatePortfolioSegmentMember2022-12-310001275101us-gaap:CommercialPortfolioSegmentMember2022-12-310001275101us-gaap:FairValueMeasurementsRecurringMember2023-01-012023-09-300001275101us-gaap:RestrictedStockMember2023-09-300001275101us-gaap:RetainedEarningsMember2023-07-012023-09-300001275101us-gaap:RetainedEarningsMember2023-04-012023-06-300001275101us-gaap:RetainedEarningsMember2023-01-012023-03-310001275101us-gaap:RetainedEarningsMember2022-07-012022-09-300001275101us-gaap:RetainedEarningsMember2022-04-012022-06-300001275101us-gaap:RetainedEarningsMember2022-01-012022-03-310001275101botj:IrlcsAssetMemberus-gaap:FairValueInputsLevel3Member2023-09-300001275101botj:IrlcsAssetMemberus-gaap:FairValueInputsLevel2Member2023-09-300001275101botj:IrlcsAssetMemberus-gaap:FairValueInputsLevel1Member2023-09-300001275101botj:IrlcsAssetMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300001275101botj:IrlcsAssetMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300001275101botj:IrlcsAssetMemberus-gaap:FairValueInputsLevel3Member2022-12-310001275101botj:IrlcsAssetMemberus-gaap:FairValueInputsLevel2Member2022-12-310001275101botj:IrlcsAssetMemberus-gaap:FairValueInputsLevel1Member2022-12-310001275101botj:IrlcsAssetMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001275101botj:IrlcsAssetMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310001275101srt:WeightedAverageMemberbotj:IrlcsAssetMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbotj:MeasurementInputRangeOfPullThroughRateMemberus-gaap:MarketApproachValuationTechniqueMember2023-09-300001275101srt:MinimumMemberbotj:IrlcsAssetMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbotj:MeasurementInputRangeOfPullThroughRateMemberus-gaap:MarketApproachValuationTechniqueMember2023-09-300001275101srt:MaximumMemberbotj:IrlcsAssetMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbotj:MeasurementInputRangeOfPullThroughRateMemberus-gaap:MarketApproachValuationTechniqueMember2023-09-300001275101srt:WeightedAverageMemberbotj:IrlcsAssetMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbotj:MeasurementInputRangeOfPullThroughRateMemberus-gaap:MarketApproachValuationTechniqueMember2022-12-310001275101srt:MinimumMemberbotj:IrlcsAssetMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbotj:MeasurementInputRangeOfPullThroughRateMemberus-gaap:MarketApproachValuationTechniqueMember2022-12-310001275101srt:MaximumMemberbotj:IrlcsAssetMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbotj:MeasurementInputRangeOfPullThroughRateMemberus-gaap:MarketApproachValuationTechniqueMember2022-12-3100012751012023-04-012023-06-3000012751012023-01-012023-03-3100012751012022-04-012022-06-3000012751012022-01-012022-03-3100012751012021-12-310001275101botj:PettyyjohnWoodAndWhiteIncMemberus-gaap:CustomerRelationshipsMember2021-12-310001275101botj:PettyyjohnWoodAndWhiteIncMember2022-12-310001275101us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-09-300001275101us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-09-300001275101us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Member2023-09-300001275101us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel3Member2023-09-300001275101us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Member2023-09-300001275101us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Member2023-09-300001275101us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-09-300001275101us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-09-300001275101us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2023-09-300001275101us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-09-300001275101us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-09-300001275101us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2023-09-300001275101us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel3Member2023-09-300001275101us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2023-09-300001275101us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2023-09-300001275101us-gaap:USTreasurySecuritiesMember2023-09-300001275101us-gaap:USStatesAndPoliticalSubdivisionsMember2023-09-300001275101us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-09-300001275101us-gaap:MortgageBackedSecuritiesMember2023-09-300001275101us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-09-300001275101us-gaap:CorporateDebtSecuritiesMember2023-09-300001275101us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-09-300001275101us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310001275101us-gaap:USTreasurySecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310001275101us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel2Member2022-12-310001275101us-gaap:USStatesAndPoliticalSubdivisionsMemberus-gaap:FairValueInputsLevel1Member2022-12-310001275101us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310001275101us-gaap:USGovernmentAgenciesDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310001275101us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310001275101us-gaap:MortgageBackedSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310001275101us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel2Member2022-12-310001275101us-gaap:CorporateDebtSecuritiesMemberus-gaap:FairValueInputsLevel1Member2022-12-310001275101us-gaap:USTreasurySecuritiesMember2022-12-310001275101us-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310001275101us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310001275101us-gaap:MortgageBackedSecuritiesMember2022-12-310001275101us-gaap:EstimateOfFairValueFairValueDisclosureMember2022-12-310001275101us-gaap:CorporateDebtSecuritiesMember2022-12-310001275101us-gaap:CarryingReportedAmountFairValueDisclosureMember2022-12-310001275101us-gaap:USTreasurySecuritiesMember2023-09-300001275101us-gaap:MortgageBackedSecuritiesMember2023-09-300001275101us-gaap:CorporateDebtSecuritiesMember2023-09-300001275101us-gaap:USTreasurySecuritiesMember2022-12-310001275101us-gaap:USStatesAndPoliticalSubdivisionsMember2022-12-310001275101us-gaap:USGovernmentAgenciesDebtSecuritiesMember2022-12-310001275101us-gaap:MortgageBackedSecuritiesMember2022-12-310001275101us-gaap:CorporateDebtSecuritiesMember2022-12-310001275101botj:IrlcsAssetMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbotj:MeasurementInputRangeOfPullThroughRateMemberus-gaap:MarketApproachValuationTechniqueMember2023-09-300001275101us-gaap:FairValueInputsLevel3Member2023-09-300001275101us-gaap:FairValueInputsLevel2Member2023-09-300001275101us-gaap:FairValueInputsLevel1Member2023-09-300001275101botj:IrlcsAssetMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberbotj:MeasurementInputRangeOfPullThroughRateMemberus-gaap:MarketApproachValuationTechniqueMember2022-12-310001275101botj:OtherRealEstateOwnedMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310001275101botj:ImpairedLoansMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310001275101us-gaap:FairValueInputsLevel3Member2022-12-310001275101us-gaap:FairValueInputsLevel2Member2022-12-310001275101us-gaap:FairValueInputsLevel1Member2022-12-310001275101us-gaap:FairValueMeasurementsNonrecurringMember2023-01-012023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:MortgageMember2023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:InvestmentAdvisoryServicesMember2023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:CommunityBankingMember2023-09-300001275101us-gaap:OperatingSegmentsMemberbotj:MortgageMember2022-09-300001275101us-gaap:OperatingSegmentsMemberbotj:InvestmentAdvisoryServicesMember2022-09-300001275101us-gaap:OperatingSegmentsMemberbotj:CommunityBankingMember2022-09-3000012751012022-09-300001275101us-gaap:RestrictedStockMemberbotj:IncentivePlanMember2023-07-012023-09-300001275101us-gaap:RestrictedStockMemberbotj:IncentivePlanMember2023-01-012023-09-300001275101us-gaap:RestrictedStockMemberbotj:IncentivePlanMember2022-07-012022-09-300001275101us-gaap:RestrictedStockMemberbotj:IncentivePlanMember2022-01-012022-09-300001275101botj:PettyyjohnWoodAndWhiteIncMemberus-gaap:CustomerRelationshipsMember2021-01-012021-12-3100012751012023-11-130001275101botj:PettyyjohnWoodAndWhiteIncMember2021-12-310001275101botj:IncentivePlanMemberus-gaap:ShareBasedCompensationAwardTrancheThreeMember2022-01-022022-01-020001275101botj:IncentivePlanMemberus-gaap:ShareBasedCompensationAwardTrancheTwoMember2021-01-022021-01-020001275101us-gaap:RestrictedStockMemberbotj:IncentivePlanMemberus-gaap:ShareBasedCompensationAwardTrancheOneMember2020-01-022020-01-0200012751012022-01-012022-12-310001275101us-gaap:USStatesAndPoliticalSubdivisionsMember2023-09-300001275101us-gaap:USGovernmentAgenciesDebtSecuritiesMember2023-09-300001275101srt:StandardPoorsBBBRatingMember2023-09-300001275101srt:StandardPoorsARatingMember2023-09-300001275101srt:StandardPoorsAARatingMember2023-09-300001275101srt:StandardPoorsAAARatingMember2023-09-300001275101botj:PubliclyTradedDomesticCorporationsMember2023-09-300001275101botj:NonRatedMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMember2023-09-300001275101us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsNonrecurringMember2022-12-310001275101us-gaap:FairValueMeasurementsNonrecurringMember2022-12-310001275101us-gaap:ResidentialPortfolioSegmentMemberus-gaap:ResidentialMortgageMember2023-09-300001275101us-gaap:ResidentialPortfolioSegmentMemberbotj:ResidentialConsumerConstructionMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerOpenEndMember2023-09-300001275101us-gaap:ConsumerPortfolioSegmentMemberbotj:ConsumerClosedEndMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesOwnerOccupiedMember2023-09-300001275101us-gaap:CommercialRealEstatePortfolioSegmentMemberbotj:CommercialMortgagesNonOwnerOccupiedMember2023-09-300001275101us-gaap:CommercialPortfolioSegmentMemberbotj:CommercialConstructionMember2023-09-300001275101us-gaap:CommercialPortfolioSegmentMember2023-09-3000012751012023-07-012023-09-3000012751012022-07-012022-09-3000012751012022-01-012022-09-3000012751012023-09-3000012751012022-12-3100012751012023-01-012023-09-30botj:segmentbotj:contractiso4217:USDxbrli:sharesxbrli:sharesxbrli:purebotj:securitybotj:loanbotj:itemiso4217:USD

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________

Form 10-Q

______________________

(Mark one)

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the Quarterly Period Ended September 30, 2023

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from

BANK OF THE JAMES FINANCIAL GROUP, INC.

(Exact Name of Registrant as Specified in Its Charter)

______________________

Virginia

001-35402

20-0500300

(State or other jurisdiction of

incorporation or organization)

(Commission file number)

(I.R.S. Employer

Identification No.)

828 Main Street, Lynchburg, VA

24504

(Address of principal executive offices)

(Zip Code)

(434846-2000

(Registrant’s telephone number, including area code)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes      No  

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes      No  

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

 

  

Accelerated filer

 

Non-accelerated filer

 

  

Smaller reporting company

 

Emerging growth company

 

  

 

______________________

Securities registered or to be registered pursuant to Section 12(b) of the Act

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

Common Stock, 2.14 per share par value

BOTJ

The NASDAQ Stock Market LLC

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act).    Yes      No  

State the number of shares outstanding of each of the issuer’s classes of common equity, as of the latest practicable date: 4,543,338 shares of Common Stock, par value $2.14 per share, were outstanding at November 13, 2023.

PART I – FINANCIAL INFORMATION

Item 1.    Consolidated Financial Statements

Bank of the James Financial Group, Inc. and Subsidiaries

Consolidated Balance Sheets

(dollar amounts in thousands, except per share amounts) (2023 unaudited)

September 30,

December 31,

Assets

2023

2022

Cash and due from banks

$                 20,105

$                 30,025

Federal funds sold

79,424

31,737

Total cash and cash equivalents

99,529

61,762

Securities held-to-maturity, at amortized cost (fair value of $3,028 in 2023 and $3,135 in 2022) net of allowance for credit loss of $0 in 2023

3,626

3,639

Securities available-for-sale, at fair value

181,977

185,787

Restricted stock, at cost

1,541

1,387

Loans, net of allowance for credit losses of $7,320 in 2023 and $6,259 in 2022

599,585

605,366

Loans held for sale

3,325

2,423

Premises and equipment, net

18,371

17,974

Interest receivable

2,707

2,736

Cash value - bank owned life insurance

21,443

19,237

Other real estate owned

-

566

Customer relationship intangibles

7,425

7,845

Goodwill

2,054

2,054

Other assets

19,304

17,795

Total assets

$               960,887

$               928,571

Liabilities and Stockholders' Equity

Deposits

Noninterest bearing demand

$               154,628

$               154,884

NOW, money market and savings

524,721

560,479

Time deposits

200,854

132,775

Total deposits

880,203

848,138

Capital notes, net

10,041

10,037

Other borrowings

10,030

10,457

Interest payable

381

89

Other liabilities

10,103

9,624

Total liabilities

$               910,758

$               878,345

Commitments and Contingencies

 

 

Stockholders' equity

Preferred stock; authorized 1,000,000 shares; none issued and outstanding

$                           -

$                           -

Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,543,338 as of September 30, 2023 and 4,628,657 as of December 31, 2022

9,723

9,905

1

See accompanying notes to these consolidated financial statements


Additional paid-in-capital

35,253

36,068

Retained earnings

34,931

31,034

Accumulated other comprehensive (loss)

(29,778)

(26,781)

Total stockholders' equity

$                 50,129

$                 50,226

Total liabilities and stockholders' equity

$               960,887

$               928,571


2

See accompanying notes to these consolidated financial statements


Bank of the James Financial Group, Inc. and Subsidiaries

Consolidated Statements of Income

(dollar amounts in thousands, except per share amounts) (unaudited)

For the Three Months Ended

For the Nine Months Ended

September 30,

September 30,

Interest Income

2023

2022

2023

2022

Loans

$                   7,990

$                   6,830

$                 23,251

$                 18,909

Securities

U.S. Government and agency obligations

321

331

962

911

Mortgage backed securities

435

437

1,255

1,196

Municipals - taxable

286

257

853

812

Municipals - tax exempt

18

32

55

55

Dividends

8

5

49

36

Corporates

139

144

423

395

Interest bearing deposits

134

101

375

135

Federal Funds sold

812

262

1,601

463

Total interest income

10,143

8,399

28,824

22,912

Interest Expense

Deposits

NOW, money market savings

894

133

1,916

374

Time deposits

1,683

143

3,918

467

FHLB borrowings

-

-

31

-

Finance leases

22

24

66

73

Other borrowings

98

117

297

339

Capital notes

82

82

245

245

Total interest expense

2,779

499

6,473

1,498

Net interest income

7,364

7,900

22,351

21,414

Recovery of credit losses

(164)

(300)

(278)

(900)

Net interest income after recovery of credit losses

7,528

8,200

22,629

22,314

Noninterest income

Gain on sales of loans held for sale

989

1,472

3,065

4,675

Service charges, fees and commissions

1,004

1,313

2,942

2,563

Wealth management fees

1,050

959

3,098

2,935

Life insurance income

139

113

405

338

Other

19

(3)

179

8

Total noninterest income

3,201

3,854

9,689

10,519

Noninterest expenses

Salaries and employee benefits

4,683

4,529

13,296

13,051

Occupancy

458

445

1,389

1,348

Equipment

501

</