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Business Segments | 9 Months Ended
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Sep. 30, 2014
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 and other areas within Central Virginia. 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 with servicing released. 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 the three and nine months ended September 30, 2014 and 2013 was as follows (dollars in thousands): Note 8 – Business Segments (continued)
Business Segments |  |  |  |  |
| Community |  |  |  |
| Banking |  | Mortgage |  | Total
Nine months ended September 30, 2014 |  |  |  |  |
Net interest income | $ 12,126 |  | $ - |  | $ 12,126
Provision for loan losses | 55 |  | - |  | 55
Net interest income after provision for loan losses | 12,071 |  | - |  | 12,071
Noninterest income | 1,389 |  | 1,214 |  | 2,603
Noninterest expenses | 10,071 |  | 1,034 |  | 11,105
Income before income taxes | 3,389 |  | 180 |  | 3,569
Income tax expense | 1,044 |  | 63 |  | 1,107
Net income | $ 2,345 |  | $ 117 |  | $ 2,462
Total assets | $ 449,623 |  | $ 2,063 |  | $ 451,686
Nine months ended September 30, 2013 |  |  |  |  |
Net interest income | $ 11,845 |  | $ - |  | $ 11,845
Provision for loan losses | 290 |  | - |  | 290
Net interest income after provision for loan losses | 11,555 |  | - |  | 11,555
Noninterest income | 1,684 |  | 954 |  | 2,638
Noninterest expenses | 10,006 |  | 764 |  | 10,770
Income before income taxes | 3,233 |  | 190 |  | 3,423
Income tax expense | 960 |  | 65 |  | 1,025
Net income | $ 2,273 |  | $ 125 |  | $ 2,398
Total assets | $ 434,493 |  | $ 879 |  | $ 435,372
| Community |  |  |  |
| Banking |  | Mortgage |  | Total
Three months ended September 30, 2014 |  |  |  |  |
Net interest income | $ 4,149 |  | $ - |  | $ 4,149
Provision for loan losses | - |  | - |  | -
Net interest income after provision for loan losses | 4,149 |  | - |  | 4,149
Noninterest income | 411 |  | 518 |  | 929
Noninterest expenses | 3,224 |  | 515 |  | 3,739
Income before income taxes | 1,336 |  | 3 |  | 1,339
Income tax expense | 409 |  | 16 |  | 425
Net income (loss) | $ 927 |  | $ (13) |  | $ 914
Total assets | $ 449,623 |  | $ 2,063 |  | $ 451,686
Three months ended September 30, 2013 |  |  |  |  |
Net interest income | $ 3,967 |  | $ - |  | $ 3,967
Provision for loan losses | - |  | - |  | -
Net interest income after provision for loan losses | 3,967 |  | - |  | 3,967
Noninterest income | 474 |  | 295 |  | 769
Noninterest expenses | 3,376 |  | 192 |  | 3,568
Income before income taxes | 1,065 |  | 103 |  | 1,168
Income tax expense | 332 |  | 23 |  | 355
Net income | $ 733 |  | $ 80 |  | $ 813
Total assets | $ 434,493 |  | $ 879 |  | $ 435,372

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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 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: 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 4: 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 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 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: 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 8: 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 Reference 9: 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 10: 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 11: 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 12: 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 13: 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 14: 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 + Details
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