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Business Segments
 12 Months Ended
Dec. 31, 2021
Business Segments [Abstract]  
Business Segments Note 9 – 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 the Bank’s market areas. The mortgage segment provides a variety of mortgage loan products principally within the Bank’s market areas. 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. Note 9 – Business Segments (continued) Information about reportable business segments and reconciliation of such information to the consolidated financial statements for years ended December 31, 2021 and 2020 was as follows: Business Segments Community Banking Mortgage TotalFor the year ended December 31, 2021 Net interest income$ 27,079 $ - $ 27,079(Recovery of) loan losses (500) - (500)Net interest income after (recovery of) loan losses 27,579 - 27,579Noninterest income 2,944 8,265 11,209Noninterest expenses 23,432 5,905 29,337Income before income taxes 7,091 2,360 9,451Income tax expense 1,366 496 1,862Net income 5,725 1,864 7,589Total assets 985,521 2,113 987,634 For the year ended December 31, 2020 Net interest income$ 25,146 $ - $ 25,146Provision for loan losses 2,548 - 2,548Net interest income after provision for loan losses 22,598 - 22,598Noninterest income 3,163 7,812 10,975Noninterest expenses 22,275 5,119 27,394Income before income taxes 3,486 2,693 6,179Income tax expense 633 566 1,199Net income$ 2,853 $ 2,127 $ 4,980Total assets$ 843,323 $ 8,063 $ 851,386 Beginning with the first quarter of 2022, we will report an additional business segment, investment advisory services.