Bank of the James Financial Gr (BOJF.OB)

Bank of the James Financial Group, Inc. operates as the holding company for Bank of the James, which provides retail and commercial banking services in the central Virginia. The company offers various deposit services, including checking accounts, savings accounts, individual retirement accounts, and various time deposits, such as daily money market accounts and longer-term certificates of deposit to individuals, businesses, associations and organizations, and governmental authorities. It originates commercial business lending loans for purchase of equipment, facilities’ upgrades, inventory acquisition, and working capital purposes; commercial and residential construction and development loans; commercial real estate mortgage loans; consumer residential mortgage loans; and various secured and unsecured consumer loans, including personal loans, lines of credit, overdraft lines of credit, automobile loans, installment loans, demand loans, and home equity loans primarily for personal, family, or household purposes, as well as sells loan participations. Bank of the James Financial Group also provides other services, such as safe deposit boxes, travelers’ checks, direct deposit of payroll and social security checks, and automatic drafts for various accounts, as well as credit card merchant services. The company, through its other subsidiary, BOTJ Investment Group, Inc., offers brokerage and investment services, including fixed and variable annuity products. The company’s market area consists of seven jurisdictions of the Town of Altavista, Amherst County, Appomattox County, the City of Bedford, Bedford County, Campbell County, and the City of Lynchburg. As of December 31, 2007, it operated seven full service offices, two mortgage origination locations, and one investment services location. The company is headquartered in Lynchburg, Virginia.