Exhibit 99.1




Loan Growth, Asset Quality Support Record Quarterly, Annual Earnings

Lynchburg, VA– January 23, 2015

— Bank of the James Financial Group, Inc. (NASDAQ: BOTJ), the parent company of Bank of the James, a full-service commercial and retail bank serving the Greater Lynchburg MSA, commonly known as “Region 2000” and other markets in Central Virginia, today announced unaudited results for the three months and twelve months ended December 31, 2014.

Net income for the three months ended December 31, 2014 was $951,000 or $0.28 per diluted share, an increase of 43.7% compared with net income of $662,000 or $0.20 per diluted share for the three months ended December 31, 2013. For the twelve months of 2014, net income rose to $3.41 million or $1.01 per diluted share compared with $3.06 million or $0.91 for the twelve months of 2013.



    Net income in fourth quarter 2014 was the highest quarterly earnings in the company’s history, following record quarterly net income in third quarter 2014. The Company’s full year 2014 earnings were also a company record.


    Total assets were $460.87 million at December 31, 2014, up 6.1% from $434.51 million at year-end 2013.


    Asset growth primarily reflected growth in total loans held for investment, net of allowance for loan losses, to $394.57 million, up 16.1% compared with $339.99 million at December 31, 2013.


    Strong loan growth included year-over-year increases of 12.5% in commercial lending, 28.4% growth in non-owner occupied (primarily commercial) real estate, and 15.5% growth in construction lending.


    Total stockholders’ equity at December 31, 2014 increased to $34.78 million, up 16.8% from $29.77 million at year-end 2013, primarily reflecting growth in retained earnings to $5.03 million compared with $2.12 million.


    Book value per share rose to $10.31 at December 31, 2014 compared with $8.85 per share at December 31, 2013.


    Based on the results achieved in the fourth quarter, the company’s board of directors approved a $0.05 per share dividend payable to shareholders of record on March 13, 2015, to be paid on March 27, 2015.


    The company announced plans in January 2015 to open a full-service branch facility in Harrisonburg, Virginia, located in the Shenandoah Valley northwest of Charlottesville, Virginia.

Robert R. Chapman III, President and CEO, commented: “It was gratifying to mark our company’s 15th year of operation with record earnings and the highest asset, loan and deposit totals in our history. Our financial results reflect a companywide commitment to deliver strong results for all our stakeholders. This includes winning and retaining new business relationships, operating productively and efficiently, and delivering consistent and sustainable growth in our franchise value.

“We have been successful attracting commercial lending customers and their linked deposits and treasury services. In 2014, the bank added nearly 50 commercial clients, reflecting a mix of commercial & industrial lending and commercial real estate, and many of these were accompanied by deposit business and cash management services. We are also having success growing our retail business in the same way, earning a greater share of customers’ overall financial services business.



The following information was filed by Bank Of The James Financial Group Inc (BOTJ) on Monday, January 26, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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