BANK OF THE JAMES FINANCIAL GROUP INC BOTJ Income Statement

Bank of the james financial group inc (BOTJ)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest Income
Loans
7,005	7,009	7,080	6,816	6,654	6,507	6,460	6,195	5,674	5,745	5,683	5,465	5,188	5,269	5,227	5,007	4,978	5,023	4,968	4,758	4,628	4,602	4,453	4,268	4,188	4,349	4,213	4,199	4,163	4,264	4,332	4,178	4,224	4,360	4,355	4,384	4,473	4,969	5,002
Securities
US Government and agency obligations
187	210	176	184	185	189	187	186	198	185	131	121	113	111	104	125	139	143	144	143	140	132	172	174	180	193	182	172	190	173	219	241	280	258	239	204	238	281	350
Mortgage backed securities
59	49	54	56	61	60	62	66	68	85	71	77	66	35	46	68	52	37	30	18	10	11	13	25	33	43	25	10	4	1	2	7	13	27	94	147	116	54	1
Municipals - taxable
75	76	77	81	78	82	81	82	79	83	81	80	69	67	63	35	34	32	29	22	25	52	55	64	73	-109	124	141	152	168	182	171	154	172	140	124	88	60	78
Municipals - tax exempt
-	1	0	-1	3	1	2	1	3	1	7	10	11	10	10	11	10	11	10	11	10	12	16	36	47	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends
9	33	9	33	18	34	9	23	8	31	7	28	7	28	6	27	6	27	6	29	5	26	5	26	6	25	4	25	5	27	4	25	4	23	3	23	3	2	22
Other (Corporates)
23	24	23	24	23	24	23	24	23	24	24	30	27	22	4	3	6	6	2	2	1	9	8	11	15	15	16	12	16	18	17	17	6	0	0	6	19	20	18
Interest bearing deposits
64	73	88	74	91	76	60	56	35	29	21	17	15	3	13	9	6	5	3	4	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Federal Funds sold
66	122	89	122	121	138	96	92	67	52	45	23	13	18	4	8	4	6	3	4	5	4	4	6	3	6	9	8	7	8	7	6	5	5	5	8	5	6	2
Total interest income
7,488	7,596	7,596	7,390	7,234	7,111	6,980	6,725	6,155	6,235	6,070	5,851	5,509	5,563	5,477	5,293	5,235	5,290	5,195	4,991	4,826	4,848	4,726	4,610	4,545	4,751	4,573	4,567	4,537	4,659	4,763	4,645	4,686	4,845	4,836	4,896	4,942	5,392	5,473
Interest Expense
Deposits
NOW, money market savings
326	455	414	362	306	277	261	231	192	192	186	175	169	162	153	139	136	134	130	123	122	122	125	121	118	125	121	124	124	130	164	209	205	246	353	464	612	719	705
Time Deposits
946	956	926	826	748	732	679	625	581	583	537	486	465	474	457	411	400	406	423	391	332	273	281	297	301	312	316	317	323	353	373	392	421	432	436	428	429	525	577
Federal Funds purchased
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4	0	1	0	1	5	2	0	2	-	-	-	-	-	-	-	-	-	-	-	-	-	2
FHLB borrowings
-	-	-	-	-	0	0	16	1	-	-	-	-	-	-	-	-	0	0	3	25	19	19	19	19	19	19	19	19	19	50	75	74	74	75	75	73	75	74
Finance leases
30	-	41	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reverse repurchase agreements
-	-	-	-	-	-	-	-	-	-	13	-	-	-	-	-	-	-	-	-	-	1	0	0	1	-	-	-	-	0	0	0	15	20	21	18	16	30	32
Capital notes
50	50	50	50	50	50	50	50	50	-	-	-	-	-	-	-	-	150	150	150	150	150	150	150	150	150	150	150	150	149	149	133	105	105	105	105	105	105	105
Total interest expense
1,352	1,491	1,431	1,238	1,104	1,059	990	922	824	825	786	711	671	636	610	550	548	690	704	667	630	570	577	587	591	607	606	610	616	651	736	809	820	877	990	1,090	1,235	1,454	1,495
Net interest income
6,136	6,105	6,165	6,152	6,130	6,052	5,990	5,803	5,331	5,410	5,284	5,140	4,838	4,927	4,867	4,743	4,687	4,600	4,491	4,324	4,196	4,278	4,149	4,023	3,954	4,144	3,967	3,957	3,921	4,008	4,027	3,836	3,866	3,968	3,846	3,806	3,707	3,938	3,978
Provision for loan losses
888	89	108	116	210	189	190	315	22	248	200	445	100	1,017	145	250	200	5	120	57	100	0	0	0	55	250	0	55	235	513	601	425	750	2,050	1,272	906	579	600	448
Net interest income after provision for loan losses
5,248	6,016	6,057	6,036	5,920	5,863	5,800	5,488	5,309	5,162	5,084	4,695	4,738	3,910	4,722	4,493	4,487	4,595	4,371	4,267	4,096	4,278	4,149	4,023	3,899	3,894	3,967	3,902	3,686	3,495	3,426	3,411	3,116	1,918	2,574	2,900	3,128	3,338	3,530
Noninterest income
Gain on sales of loans held for sale
1,177	1,151	1,337	1,075	691	658	767	873	620	771	694	598	371	668	593	681	491	519	623	613	523	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges, fees and commissions
488	437	448	461	439	496	446	465	464	-	479	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	518	407	289	301	295	340	319	340	402	289	226	263	250	243	286	460	322
Service charges, fees and commissions
-	-	-	-	-	-	-	-	-	-	-	443	385	337	373	362	372	327	397	348	318	316	322	364	350	371	351	325	303	319	317	311	283	274	320	272	283	300	379
Life insurance income
78	431	81	84	83	85	86	85	85	86	86	87	86	87	75	65	65	66	68	68	67	69	70	72	71	73	75	76	75	78	81	82	82	85	54	55	55	58	59
Other
12	27	4	39	6	50	20	18	17	34	9	24	9	42	30	45	15	52	100	45	10	40	13	28	13	44	37	29	8	52	11	32	39	12	10	19	17	38	5
Gain on sales and calls of securities, net
431	-	291	-	-	-	-	-	-	0	51	52	10	56	210	163	65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of available-for-sale securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	4	29	57	6	86	-6	51	11	135	259	263	241	129	41	416	566	169	31	98	147
Total noninterest income
2,186	2,149	2,161	1,659	1,219	1,289	1,319	1,441	1,186	1,343	1,319	1,204	861	1,190	1,281	1,316	1,008	970	1,198	1,078	947	984	929	957	717	840	769	905	964	1,052	1,052	843	671	1,050	1,200	758	672	954	912
Noninterest expenses
Salaries and employee benefits
3,354	3,655	3,356	3,153	2,928	2,881	2,853	2,832	2,713	2,698	2,538	2,396	2,380	2,513	2,318	2,162	2,237	2,381	2,135	2,128	2,083	2,173	1,978	1,904	1,885	1,904	1,755	1,726	1,776	1,872	1,608	1,546	1,503	1,388	1,462	1,391	1,427	1,759	1,678
Occupancy
436	403	414	417	421	379	388	360	395	366	390	365	372	342	333	305	332	301	302	312	289	302	287	312	313	313	302	285	305	293	280	291	286	271	272	272	276	268	232
Equipment
609	586	527	536	458	409	414	398	379	375	360	438	348	338	316	314	319	312	360	304	299	297	322	328	287	283	259	240	261	243	250	245	253	258	263	256	261	296	273
Supplies
127	130	163	142	162	135	124	140	149	130	133	123	134	134	119	108	119	115	100	108	96	93	92	97	105	95	84	93	90	92	78	103	113	77	91	108	89	98	82
Professional, data processing, and other outside expense
924	871	887	859	815	813	761	837	815	683	735	697	680	672	696	701	662	581	591	560	486	473	593	562	613	582	582	569	561	509	508	518	498	613	557	496	473	401	401
Marketing
136	217	228	276	145	119	165	187	140	143	212	236	148	188	178	201	119	144	97	148	76	130	113	132	97	93	93	95	86	34	99	145	104	27	119	108	79	78	86
Credit expense
196	175	195	156	127	151	140	112	125	81	155	137	94	126	110	106	83	71	94	63	73	53	80	50	37	55	55	64	55	51	62	56	56	70	44	71	72	99	71
Other real estate expenses
99	26	200	1	139	41	110	86	40	10	42	24	12	11	52	4	1	22	63	32	5	40	9	100	57	106	60	261	79	-110	586	274	48	-	452	38	-	-	-
Other real estate expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92	-	-
FDIC insurance expense
57	-49	87	94	94	99	99	99	101	90	94	88	103	88	92	91	92	91	87	79	74	78	77	77	30	143	143	143	144	146	145	144	144	146	145	141	229	290	193
Other
259	322	316	341	310	270	310	255	240	303	255	252	226	289	235	262	226	314	289	201	199	244	188	195	185	234	235	195	174	388	167	237	279	77	301	323	172	249	250
Other real estate expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	41
Amortization of tax credit investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-
Total noninterest expenses
6,197	6,336	6,373	5,975	5,599	5,297	5,364	5,306	5,097	4,879	4,914	4,756	4,497	4,701	4,449	4,254	4,190	4,446	4,118	3,935	3,680	4,130	3,739	3,757	3,609	4,055	3,568	3,671	3,531	3,765	3,783	3,559	3,284	3,613	3,706	3,204	3,170	3,556	3,307
Income before income taxes
1,237	1,829	1,845	1,720	1,540	1,855	1,755	1,623	1,398	1,626	1,489	1,143	1,102	399	1,554	1,555	1,305	1,119	1,451	1,410	1,363	1,132	1,339	1,223	1,007	679	1,168	1,136	1,119	782	695	695	503	-645	68	454	630	736	1,135
Income tax expense
242	309	371	343	306	380	351	323	275	1,266	474	356	342	106	499	504	418	294	468	453	436	181	425	380	302	17	355	339	331	35	156	209	143	-427	4	135	195	230	365
Net Income
995	1,520	1,474	1,377	1,234	1,475	1,404	1,300	1,123	360	1,015	787	760	293	1,055	1,051	887	825	983	957	927	951	914	843	705	662	813	797	788	747	539	486	360	-218	64	319	435	506	770
Weighted average shares outstanding - basic
4,348	4,367	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	-	3,371	3,371	3,371	3,367	3,364	3,364	3,364	3,356	3,352	3,352	3,352	3,345	3,342	3,342	3,342	3,328	3,323	3,323	3,323	3,301	3,296
Weighted average shares outstanding- diluted
4,348	4,377	4,385	4,383	4,380	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	4,378	-	3,371	3,371	3,371	3,367	3,364	3,364	3,364	3,356	3,356	3,353	3,352	3,345	3,342	3,343	3,342	3,303	3,327	3,331	3,336	3,336	3,338
Earnings per common share - basic
0.23	0.35	0.34	0.31	0.28	0.33	0.32	0.30	0.26	0.09	0.23	0.18	0.17	0.07	0.24	0.24	0.20	0.23	0.29	0.28	0.27	0.28	0.27	0.25	0.21	0.19	0.24	0.24	0.24	0.22	0.16	0.15	0.11	-	0.02	-	-	0.15	-
Earnings per common share - diluted
0.23	0.35	0.34	0.31	0.28	0.33	0.32	0.30	0.26	0.09	0.23	0.18	0.17	0.07	0.24	0.24	0.20	0.23	0.29	0.28	0.27	0.28	0.27	0.25	0.21	0.19	0.24	0.24	0.24	0.22	0.16	0.15	0.11	-	0.02	-	-	0.15	-
Income per common share - basic and diluted
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.10	0.13	-	0.23