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Condensed Financial Statements Of Parent Company

12 Months Ended

Dec. 31, 2016

Condensed Financial Statements Of Parent Company [Abstract]

Condensed Financial Statements Of Parent Company



Note 23– Condensed financial statements of parent company



Financial information pertaining only to Bank of the James Financial Group, Inc. is as follows:

Balance Sheet




	December 31,
	2016		2015
Assets
Cash	$281		$10,895
Taxes receivable	73		332

Investment in subsidiaries	49,049		47,189

     Other assets	18		28

Total assets	$49,421		$58,444

Liabilities and stockholders’ equity

Capital notes	$           -		$10,000
Other liabilities	-		248
Total liabilities	-		10,248

Common stock $2.14 par value	$9,370		$9,370
Additional paid-in-capital	31,495		31,495
Retained earnings	10,156		7,920
Accumulated other comprehensive (loss)	(1,600)		(589)
Total stockholders’ equity	$49,421		$48,196

Total liabilities and stockholders’ equity	$49,421		$58,444



Note 23 – Condensed financial statements of parent company (continued)



Statements of Income
	Years Ended December 31,
	2016		2015
Income
   Dividends from subsidiary	$600		$          -

Operating expenses
   Interest on capital notes	8		600
   Legal and professional fees	145		126
   Other expense	126		92

   Total expenses	279		818

   Income tax (benefit)	(94)		(278)

Income (loss) before equity in undistributed income of subsidiaries	415		(540)

  Equity in undistributed income of subsidiaries	2,871		4,232

Net income	$3,286		$3,692



Note 23 – Condensed financial statements of parent company (continued)




Statements of Cash Flows
	Years Ended December 31,
	2016		2015

Cash flows from operating activities
   Net income	$3,286		$3,692

Adjustments to reconcile net income to net cash used in operating activities
     Decrease (increase) in income taxes receivable	259		(107)
     Decrease (increase) in other assets	10		(9)
 (Decrease)  increase in other liabilities	(248)		248
     Equity in undistributed net (income) of subsidiaries	(2,871)		(4,232)

     Net cash provided by (used in) operating activities	$436		$(408)

Cash flows from financing activities
    Proceeds from exercise of stock options	-		78
    Dividends paid to common stockholders	(1,050)		(803)
    Retirement of capital notes	(10,000)
    Proceeds from sale of 1,000,000 shares of common stock	-		10,653

     Net cash (used in) provided by financing activities	$(11,050)		$9,928

     (Decrease) increase in cash and cash equivalents	$(10,614)		$9,520

Cash and cash equivalents at beginning of period	10,895		1,375

Cash and cash equivalents at end of period	$281		$10,895



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- References

No definition available.

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X

- Definition

The entire disclosure for condensed financial information, including the financial position, cash flows, and the results of operations of the registrant (parent company) as of the same dates or for the same periods for which audited consolidated financial statements are being presented. Alternatively, the details of this disclosure can be reported by the specific parent company taxonomy elements, indicating the appropriate date and period contexts in an instance document.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=51664549&loc=d3e5283-111683

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04)
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24072-122690

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph c
-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 06
-Article 9

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 05
-Paragraph c
-Article 7

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