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Business Segments | 6 Months Ended
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Jun. 30, 2012
Business Segments [Abstract] |
Business Segments | Note 8 – Business Segments The Company has two reportable business segments: (i) a traditional full service community banking segment and, (ii) a mortgage loan origination business. The community banking business segment includes Bank of the James which provides loans, deposits, investments and insurance to retail and commercial customers throughout Region 2000. The mortgage segment provides a variety of mortgage loan products principally within Region 2000. Mortgage loans are originated and sold in the secondary market through purchase commitments from investors. Because of the pre-arranged purchase commitments, there is minimal risk to the Company. Both of the Company's reportable segments are service based. The mortgage business is a fee-based business while the Bank's primary source of revenue is net interest income. The Bank also provides a referral network for the mortgage origination business. The mortgage business may also be in a position to refer its customers to the Bank for banking services when appropriate. Information about reportable business segments and reconciliation of such information to the consolidated financial statements for six months ended June 30, 2012 and 2011 was as follows (dollars in thousands): Business Segments
|  | Community |  |  |  |  |  |
|  | Banking |  |  | Mortgage |  |  | Total
Three months ended June 30, 2012 |  |  |  |  |  |  |  |
Net interest income | $ | 3,836 |  | $ | - |  | $ | 3,836
Provision for loan losses |  | 425 |  |  | - |  |  | 425
Net interest income after provision for loan losses |  | 3,411 |  |  | - |  |  | 3,411
Noninterest income |  | 554 |  |  | 289 |  |  | 843
Noninterest expenses |  | 3,318 |  |  | 241 |  |  | 3,559
Income before income taxes |  | 647 |  |  | 48 |  |  | 695
Income tax expense |  | 193 |  |  | 16 |  |  | 209
Net income | $ | 454 | $ |  | 32 |  | $ | 486
Total assets | $ | 431,967 | $ |  | 1,237 | $ | $ | 433,204
Six months ended June 30, 2012 |  |  |  |  |  |  |  |
Net interest income | $ | 7,702 |  | $ | - |  | $ | 7,702
Provision for loan losses |  | 1,175 |  |  | - |  |  | 1,175
Net interest income after provision for loan losses |  | 6,527 |  |  | - |  |  | 6,527
Noninterest income |  | 999 |  |  | 515 |  |  | 1,514
Noninterest expenses |  | 6,407 |  |  | 436 |  |  | 6,843
Income before income taxes |  | 1,119 |  |  | 79 |  |  | 1,198
Income tax expense |  | 325 |  |  | 27 |  |  | 352
Net income | $ | 794 | $ |  | 52 |  | $ | 846
Total assets | $ | 431,967 | $ |  | 1,237 | $ | $ | 433,204
Three months ended June 30, 2011 |  |  |  |  |  |  |  |
Net interest income | $ | 3,806 |  | $ | - |  | $ | 3,806
Provision for loan losses |  | 906 |  |  | - |  |  | 906
Net interest income after provision for loan losses |  | 2,900 |  |  | - |  |  | 2,900
Noninterest income |  | 515 |  |  | 243 |  |  | 758
Noninterest expenses |  | 2,990 |  |  | 214 |  |  | 3,204
Income before income taxes |  | 425 |  |  | 29 |  |  | 454
Income tax expense |  | 125 |  |  | 10 |  |  | 135
Net income | $ | 300 | $ |  | 19 |  | $ | 319
Total assets |  | 429,122 | $ |  | 503 | $ | $ | 429,625
Six months ended June 30, 2011 |  |  |  |  |  |  |  |
Net interest income | $ | 7,513 |  | $ | - |  | $ | 7,513
Provision for loan losses |  | 1,485 |  |  | - |  |  | 1,485
Net interest income after provision for loan losses |  | 6,028 |  |  | - |  |  | 6,028
Noninterest income |  | 901 |  |  | 529 |  |  | 1,430
Noninterest expenses |  | 5,915 |  |  | 459 |  |  | 6,374
Income before income taxes |  | 1,014 |  |  | 70 |  |  | 1,084
Income tax expense |  | 306 |  |  | 24 |  |  | 330
Net income | $ | 708 | $ |  | 46 |  | $ | 754
Total assets | $ | 429,122 | $ |  | 503 | $ | $ | 429,625

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 + Details
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