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Business Segments | 6 Months Ended
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Jun. 30, 2021
Business Segments [Abstract] |
Business Segments | Note 7 – 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 gain on sale 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 six months ended June 30, 2021 and 2020 was as follows (dollars in thousands): ‎ Note 7 – Business Segments (continued)
Business Segments |  |  |  |  |  |  |  |
| Community |  |  |  |  |  |
| Banking |  | Mortgage |  | Total
For the three months ended June 30, 2021 |  |  |  |  |  |  |  |
Net interest income | $ | 6,710 |  | $ | — |  | $ | 6,710
Provision for loan losses |  | — |  |  | — |  |  | —
Net interest income after provision for loan losses |  | 6,710 |  |  | — |  |  | 6,710
Noninterest income |  | 739 |  |  | 2,310 |  |  | 3,049
Noninterest expenses |  | 5,705 |  |  | 1,532 |  |  | 7,237
Income before income taxes |  | 1,744 |  |  | 778 |  |  | 2,522
Income tax expense |  | 345 |  |  | 163 |  |  | 508
Net income | $ | 1,399 |  | $ | 615 |  | $ | 2,014
Total assets | $ | 901,350 |  | $ | 7,014 |  | $ | 908,364
For the three months ended June 30, 2020 |  |  |  |  |  |  |  |
Net interest income | $ | 5,918 |  | $ | — |  | $ | 5,918
Provision for loan losses |  | 760 |  |  | — |  |  | 760
Net interest income after provision for loan losses |  | 5,158 |  |  | — |  |  | 5,158
Noninterest income |  | 839 |  |  | 1,950 |  |  | 2,789
Noninterest expenses |  | 5,609 |  |  | 1,326 |  |  | 6,935
Income before income taxes |  | 388 |  |  | 624 |  |  | 1,012
Income tax expense |  | 60 |  |  | 131 |  |  | 191
Net income | $ | 328 |  | $ | 493 |  | $ | 821
Total assets | $ | 820,623 |  | $ | 6,475 |  | $ | 827,098
| Community |  |  |  |  |  |
| Banking |  | Mortgage |  | Total
Six months ended June 30, 2021 |  |  |  |  |  |  |  |
Net interest income | $ | 13,458 |  | $ | — |  | $ | 13,458
Provision for loan losses |  | — |  |  | — |  |  | —
Net interest income after provision for loan losses |  | 13,458 |  |  | — |  |  | 13,458
Noninterest income |  | 1,399 |  |  | 4,084 |  |  | 5,483
Noninterest expenses |  | 11,209 |  |  | 2,917 |  |  | 14,126
Income before income taxes |  | 3,648 |  |  | 1,167 |  |  | 4,815
Income tax expense |  | 721 |  |  | 245 |  |  | 966
Net income | $ | 2,927 |  | $ | 922 |  | $ | 3,849
Total assets | $ | 901,350 |  | $ | 7,014 |  | $ | 908,364
Six months ended June 30, 2020 |  |  |  |  |  |  |  |
Net interest income | $ | 12,054 |  | $ | — |  | $ | 12,054
Provision for loan losses |  | 1,648 |  |  | — |  |  | 1,648
Net interest income after provision for loan losses |  | 10,406 |  |  | — |  |  | 10,406
Noninterest income |  | 1,848 |  |  | 3,127 |  |  | 4,975
Noninterest expenses |  | 10,949 |  |  | 2,183 |  |  | 13,132
Income before income taxes |  | 1,305 |  |  | 944 |  |  | 2,249
Income tax expense |  | 235 |  |  | 198 |  |  | 433
Net income | $ | 1,070 |  | $ | 746 |  | $ | 1,816
Total assets | $ | 820,623 |  | $ | 6,475 |  | $ | 827,098

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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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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