Bank of the James
Bank of the James is an FDIC insured institution headquartered at
828 Main St, Lynchburg, VA 24504.
It was founded in
0000 and has approximately $1 billion in
assets. Customers can open an account at one of its 16 branches.
Deposit Rates - October 4, 2023
SAVINGS RATES | APY | MIN | |
---|---|---|---|
Savings
|
0.05% | $2,500 | Compare |
CD RATES | APY | MIN | ||
---|---|---|---|---|
6 Mo CD
|
0.20% | $10,000 | Compare | |
6 Mo CD
|
0.20% | $100,000 | Compare | |
12 Mo CD
|
0.20% | $10,000 | Compare | |
12 Mo CD
|
0.20% | $100,000 | Compare | |
18 Mo CD
|
0.20% | $10,000 | Compare | |
18 Mo CD
|
0.20% | $100,000 | Compare | |
24 Mo CD
|
0.20% | $10,000 | Compare | |
24 Mo CD
|
0.20% | $100,000 | Compare | |
30 Mo CD
|
0.20% | $10,000 | Compare | |
30 Mo CD
|
0.20% | $100,000 | Compare | |
36 Mo CD
|
0.20% | $10,000 | Compare | |
36 Mo CD
|
0.20% | $100,000 | Compare | |
48 Mo CD
|
0.20% | $10,000 | Compare | |
48 Mo CD
|
0.20% | $100,000 | Compare | |
60 Mo CD
|
0.40% | $10,000 | Compare | |
Compare with 4.66% APY 60 Month Online CD from M.Y. Safra Bank | Advertiser Disclosure | ||||
60 Mo CD
|
0.40% | $100,000 | Compare | |
Compare with 4.66% APY 60 Month Online CD from M.Y. Safra Bank | Advertiser Disclosure |
MM RATES | APY | MIN | |
---|---|---|---|
Money Market
|
0.05% | $2,500 | Compare |
Money Market
|
0.05% | $10,000 | Compare |
Money Market
|
0.05% | $25,000 | Compare |
INT CHECKING RATES | APY | MIN |
---|---|---|
Int Ckg
|
0.10% | $2,500 |
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Overview 2023
General Bank Information
FDIC Insured | Yes |
FDIC Certificate | # 35207 |
Date Established | 0000 |
Assets | $ 941.22 million |
Loans | $ 616.58 million |
Deposits | $ 869.73 million |
Capital | $ 61.09 million |
Summary Balance Sheet as of June 30, 2023
ASSETS | |
Cash & Balances due from depository institutions | $ 71.07 million |
Interest-bearing balances | $ 55.90 million |
Total securities | $ 190.26 million |
Federal funds sold and reverse repurchase | $ 3.21 million |
Net loans and leases | $ 616.58 million |
Loan loss allowance | $ 7.59 million |
Trading account assets | N.A. |
Bank premises and fixed assets | N.A. |
Other real estate owned | $ 0.50 million |
Goodwill and other intangibles | N.A. |
All other assets | $ 38.03 million |
Total Assets | $ 880.13 million |
LIABILITIES | |
Total deposits | $ 869.73 million |
Interest-bearing deposits | $ 715.83 million |
Deposits held in domestic offices | $ 869.73 million |
% insured (estimated) | 79.55% |
Federal funds purchased and repurchase agreements | N.A. |
Trading liabilities | N.A. |
Other borrowed funds | N.A. |
Subordinated debt | N.A. |
All other liabilities | $ 9.94 millionn |
Total Liabilities | $ 880.13 million |
Shareholders’ Equity | $ 61.09 million |
Summary Income Statement as of June 30, 2023
INCOME AND EXPENSES | |
Total Interest Income | $ 18.73 million |
Total Interest Expense | $ 3.29 million |
Net interest income | $ 15.44 million |
Provision for loan and lease losses | N.A. |
Total non interest income | $ 4.46 million |
Total non interest expense | $ 14.72 million |
Pre-tax Net Operating Income | $ 5.29 million |
Customer Reviews for Bank of the James
Branches
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Bank of the James Locations
Savings Comparison
This analysis is for demonstrative purposes only. Savings rates may go up or down, and CD rates may not be renewable for the length of the term of the analysis.
PRODUCT
BANK
BANK TYPE
STATE
AMOUNT
TERM
APY
VS.NATL'L AV.
MIN
MILES
Tax Rate: 30%
All calculations are for demonstration purposes only.
- 1LOCAL CDBankVIRGINIA$50,0006 Month0.20%0.62x (National Avg. - 0.32%)$10,000-SCENARIO
Year Rate
0.20%Annual
InterestAnnual Interest
(After Tax)1 50,000 100 70 2 50,100 100 70 3 50,200 100 70 4 50,301 101 70 5 50,401 101 71 6 50,502 101 71 7 50,603 101 71 8 50,704 101 71 9 50,806 102 71 10 50,907 102 71 11 51,009 102 71 12 51,111 102 72 13 51,213 102 72 14 51,316 103 72 15 51,418 103 72 16 51,521 103 72 17 51,624 103 72 18 51,727 103 72 19 51,831 104 73 20 51,935 104 73 TOTAL $2,038 $1,427 - 2LOCAL CDOnline Bank-$50,00060 Month4.00%4.62x (National Avg. - 0.87%)$2,500-SCENARIO
Year Rate
4.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,000 1,400 2 52,000 2,080 1,456 3 54,080 2,163 1,514 4 56,243 2,250 1,575 5 58,493 2,340 1,638 6 60,833 2,433 1,703 7 63,266 2,531 1,771 8 65,797 2,632 1,842 9 68,428 2,737 1,916 10 71,166 2,847 1,993 11 74,012 2,960 2,072 12 76,973 3,079 2,155 13 80,052 3,202 2,241 14 83,254 3,330 2,331 15 86,584 3,463 2,424 16 90,047 3,602 2,521 17 93,649 3,746 2,622 18 97,395 3,896 2,727 19 101,291 4,052 2,836 20 105,342 4,214 2,950 TOTAL $59,556 $41,689 - 3LOCAL CDOnline Bank-$50,00024 Month4.30%7.14x (National Avg. - 0.60%)$2,500-SCENARIO
Year Rate
4.30%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,150 1,505 2 52,150 2,242 1,570 3 54,392 2,339 1,637 4 56,731 2,439 1,708 5 59,171 2,544 1,781 6 61,715 2,654 1,858 7 64,369 2,768 1,938 8 67,137 2,887 2,021 9 70,024 3,011 2,108 10 73,035 3,140 2,198 11 76,175 3,276 2,293 12 79,451 3,416 2,391 13 82,867 3,563 2,494 14 86,430 3,717 2,602 15 90,147 3,876 2,713 16 94,023 4,043 2,830 17 98,066 4,217 2,952 18 102,283 4,398 3,079 19 106,681 4,587 3,211 20 111,268 4,785 3,349 TOTAL $66,053 $46,237 - 4LOCAL CDBank-$50,00060 Month4.66%5.39x (National Avg. - 0.87%)$500-SCENARIO
Year Rate
4.66%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,330 1,631 2 52,330 2,439 1,707 3 54,769 2,552 1,787 4 57,321 2,671 1,870 5 59,992 2,796 1,957 6 62,788 2,926 2,048 7 65,713 3,062 2,144 8 68,776 3,205 2,243 9 71,981 3,354 2,348 10 75,335 3,511 2,457 11 78,846 3,674 2,572 12 82,520 3,845 2,692 13 86,365 4,025 2,817 14 90,390 4,212 2,949 15 94,602 4,408 3,086 16 99,010 4,614 3,230 17 103,624 4,829 3,380 18 108,453 5,054 3,538 19 113,507 5,289 3,703 20 118,797 5,536 3,875 TOTAL $74,332 $52,033 - 5LOCAL CDBank-$50,00036 Month4.91%7.03x (National Avg. - 0.70%)$500-SCENARIO
Year Rate
4.91%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,455 1,719 2 52,455 2,576 1,803 3 55,031 2,702 1,891 4 57,733 2,835 1,984 5 60,567 2,974 2,082 6 63,541 3,120 2,184 7 66,661 3,273 2,291 8 69,934 3,434 2,404 9 73,368 3,602 2,522 10 76,970 3,779 2,645 11 80,749 3,965 2,775 12 84,714 4,159 2,912 13 88,874 4,364 3,055 14 93,237 4,578 3,205 15 97,815 4,803 3,362 16 102,618 5,039 3,527 17 107,656 5,286 3,700 18 112,942 5,545 3,882 19 118,488 5,818 4,072 20 124,306 6,103 4,272 TOTAL $80,409 $56,286 - 6LOCAL CDOnline Bank-$50,00012 Month5.00%10.22x (National Avg. - 0.49%)$2,500-SCENARIO
Year Rate
5.00%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,500 1,750 2 52,500 2,625 1,838 3 55,125 2,756 1,929 4 57,881 2,894 2,026 5 60,775 3,039 2,127 6 63,814 3,191 2,233 7 67,005 3,350 2,345 8 70,355 3,518 2,462 9 73,873 3,694 2,586 10 77,566 3,878 2,715 11 81,445 4,072 2,851 12 85,517 4,276 2,993 13 89,793 4,490 3,143 14 94,282 4,714 3,300 15 98,997 4,950 3,465 16 103,946 5,197 3,638 17 109,144 5,457 3,820 18 114,601 5,730 4,011 19 120,331 6,017 4,212 20 126,348 6,317 4,422 TOTAL $82,665 $57,865 - 7LOCAL CDBank-$50,00012 Month4.85%9.92x (National Avg. - 0.49%)$5,000-SCENARIO
Year Rate
4.85%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,425 1,698 2 52,425 2,543 1,780 3 54,968 2,666 1,866 4 57,634 2,795 1,957 5 60,429 2,931 2,052 6 63,360 3,073 2,151 7 66,433 3,222 2,255 8 69,654 3,378 2,365 9 73,033 3,542 2,479 10 76,575 3,714 2,600 11 80,289 3,894 2,726 12 84,183 4,083 2,858 13 88,266 4,281 2,997 14 92,546 4,489 3,142 15 97,035 4,706 3,294 16 101,741 4,934 3,454 17 106,676 5,174 3,622 18 111,849 5,425 3,797 19 117,274 5,688 3,981 20 122,962 5,964 4,175 TOTAL $78,925 $55,248 - 8LOCAL CDBank-$50,00012 Month5.65%11.55x (National Avg. - 0.49%)$1,000-SCENARIO
Year Rate
5.65%Annual
InterestAnnual Interest
(After Tax)1 50,000 2,825 1,978 2 52,825 2,985 2,089 3 55,810 3,153 2,207 4 58,963 3,331 2,332 5 62,294 3,520 2,464 6 65,814 3,718 2,603 7 69,532 3,929 2,750 8 73,461 4,151 2,905 9 77,611 4,385 3,070 10 81,997 4,633 3,243 11 86,629 4,895 3,426 12 91,524 5,171 3,620 13 96,695 5,463 3,824 14 102,158 5,772 4,040 15 107,930 6,098 4,269 16 114,028 6,443 4,510 17 120,471 6,807 4,765 18 127,277 7,191 5,034 19 134,469 7,597 5,318 20 142,066 8,027 5,619 TOTAL $100,093 $70,065
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