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Condensed Financial Statements Of Parent Company | 12 Months Ended
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Dec. 31, 2024
Condensed Financial Statements Of Parent Company [Abstract] |
Condensed Financial Statements Of Parent Company | Note 25 - Condensed financial statements of parent company Financial information pertaining only to Bank of the James Financial Group, Inc. is as follows:
Balance Sheets |  |  |  |  |
(dollars in thousands) | December 31,
| 2024 |  | 2023
Assets |  |  |  |  |
Cash | $ | 5,875 |  | $ | 1,046
Taxes receivable |  | 176 |  |  | 92
Investment in subsidiaries |  | 78,273 |  |  | 78,694
Other assets |  | 303 |  |  | 414
Total assets | $ | 84,627 |  | $ | 80,246
Liabilities and stockholders’ equity |  |  |  |  |
Capital notes | $ | 10,048 |  | $ | 10,042
Other borrowings |  | 9,300 |  |  | 9,890
Other liabilities |  | 414 |  |  | 275
Total Liabilities | $ | 19,762 |  | $ | 20,207
Common stock $2.14 par value | $ | 9,723 |  | $ | 9,723
Additional paid-in-capital |  | 35,253 |  |  | 35,253
Retained earnings |  | 42,804 |  |  | 36,678
Accumulated other comprehensive loss |  | (22,915) |  |  | (21,615)
Total stockholders’ equity | $ | 64,865 |  | $ | 60,039
Total liabilities and stockholders’ equity | $ | 84,627 |  | $ | 80,246
‎ Note 25 – Condensed financial statements of parent company (continued)
Statements of Income |  |  |  |  |
(dollars in thousands) | Years Ended December 31,
| 2024 |  | 2023
Income |  |  |  |  |
Dividends from subsidiaries | $ | 7,700 |  | $ | 2,000
Operating expenses |  |  |  |  |
Interest on capital notes and other borrowings |  | 702 |  |  | 725
Legal and professional fees |  | 127 |  |  | 207
Other expense |  | 1 |  |  | 137
Total expenses |  | 830 |  |  | 1,069
Income tax (benefit) |  | (195) |  |  | (613)
Income before equity in undistributed income of subsidiaries |  | 7,065 |  |  | 1,544
Equity in undistributed income of subsidiaries |  | 879 |  |  | 7,160
Net income | $ | 7,944 |  | $ | 8,704
‎ Note 25 – Condensed financial statements of parent company (continued)
Statements of Cash Flows
(dollars in thousands) | Years Ended December 31,
| 2024 |  | 2023
Cash flows from operating activities |  |  |  |  |
Net income | $ | 7,944 |  | $ | 8,704
Adjustments to reconcile net income to net cash provided by operating activities |  |  |  |  |
Amortization of debt issuance costs |  | 6 |  |  | 10
(Increase) in income taxes receivable |  | (84) |  |  | (16)
Decrease (increase) in other assets |  | 112 |  |  | (390)
Increase in other liabilities |  | 138 |  |  | 20
Equity in undistributed net income of subsidiaries |  | (879) |  |  | (7,160)
Net cash provided by operating activities | $ | 7,237 |  | $ | 1,168
Cash flows from investing activities |  |  |  |  |
Net cash used in investing activities | $ | — |  | $ | —
Cash flows from financing activities |  |  |  |  |
Dividends paid to common stockholders | $ | (1,818) |  | $ | (1,461)
Principal payments on other borrowings |  | (590) |  |  | (577)
Repurchase of common stock |  | — |  |  | (997)
Net cash (used in) financing activities | $ | (2,408) |  | $ | (3,035)
(Decrease) increase in cash and cash equivalents | $ | 4,829 |  | $ | (1,867)
Cash and cash equivalents at beginning of period |  | 1,046 |  |  | 2,913
Cash and cash equivalents at end of period | $ | 5,875 |  | $ | 1,046

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- 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/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef -Topic 810 -SubTopic 10 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481231/810-10-45-11 + Details
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