Bank of the James Financial (BOTJ) 8-K Raymond James U.S. Bank Conference

Raymond James U.S. Bank Conference

September 2015

NASDAQ: BOTJ

Exhibit 99.1

2

FORWARD

LOOKING STATEMENTS

This presentation contains statements that constitute "forward-looking statements" within the

meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "estimate,"

"expect," "intend," "anticipate," "plan" and similar expressions and variations thereof identify certain

of such forward-looking statements which speak only as of the dates on which they were made.

Bank of the James Financial Group (the "Company") undertakes no obligation to publicly update or

revise any forward-looking statements, whether as a result of new information, future events, or

otherwise. You are cautioned that any such forward-looking statements are not guarantees of future

performance and involve risks and uncertainties, and that actual results may differ materially from

those indicated in the forward-looking statements as a result of various factors. Such factors include,

but are not limited to competition, general economic conditions, potential changes in interest rates,

and changes in the value of real estate securing loans made by Bank of the James (the "Bank"), a

subsidiary of Bank of the James Financial Group, Inc. Additional information concerning factors that

could cause actual results to materially differ from those in the forward-looking statements is

contained in the Company's filings with the Securities and Exchange Commission and previously

filed by the Bank (as predecessor of the Company) with the Federal Reserve Board.

3

•

Listed on NASDAQ: BOTJ

•

Market Capitalization: ~ $37 million

•

LTM

EPS

–

6/30/2015

-

$1.10

•

Key Balance Sheet Metrics at 6/30/2015:

–

Assets -

$493 million

–

Loans -

$417 million

–

Deposits -

$445 million

–

Equity -

$35.8 million

OUR COMPANY

•

Formed in 1999 by a group of experienced bankers,

former bankers, and community leaders to fill a void

for a locally focused institution left by the acquisition

by large banks

•

Bank of the James is a commercial banking franchise

headquartered in Central Virginia; a region also

referred to as “Region 2000”

•

Operate twelve banking centers and two mortgage

offices in the Charlottesville, Harrisonburg,

Lynchburg and Roanoke MSAs

Strong Virginia Franchise

Bank of the James’ mission is to be the pre-eminent financial institution in our markets

through superior customer service.

Key Details

4

OUR MARKETS

Highlights

•

Headquartered in Lynchburg, VA

–

Locally know as Region 2000

–

Affluent market with significant employers

•

Recently Expanded into Charlottesville,

Harrisonburg and Roanoke

–

Combined market area has a population of almost 1

million residents

•

Market area boasts a stable economic environment

•

Major industries include:

–

Higher Education:

(UVA, JMU, Liberty U., etc.)

–

Healthcare:

Centra Health System

–

Power Generation:

AREVA, Babcock & Wilcox

–

Financial Services:

Genworth Financial 

•

Lower cost of living, natural beauty, and high quality

of life attracts retirees

Source:

SNL Financial LC; Bank of the James Management; Region 2000 Partnership: Amherst,

Appomattox, Bedford, and Campbell counties

Banking Offices (12)

Pending Banking Office (1)

Mortgage Only Offices (2)

Roanoke

Lynchburg

Charlottesville

Amherst

Altavista

Bedford

Waynesboro

Staunton

Harrisonburg

Region 2000

Five-Year

Five-Year

Projected

Projected

2015

Median HH

Metropolitan

2015

Population

Median HH

Income

Statistical Area

Population

Growth

Income

Growth

Lynchburg, VA

259,041

3.4%

47,189

$    

6.1%

Charlottesville, VA

228,355

4.7%

64,284

$    

11.9%

Roanoke, VA

313,826

2.8%

50,829

$    

8.2%

Harrisonburg, VA

131,486

5.1%

47,600

$    

6.9%

Total / Wtd. Avg.

932,708

3.7%

52,657

$    

8.6%

5

EXPERIENCED,

YOUNG TEAM (1 of 2)

Executive

Headshot

Previous Experience

Age

Years in Banking

Years with BOTJ

Robert Chapman

President & CEO

•

Co-founder, Bank of the James (1999)

•

Current director

•

CEO, Bank of the James (2004)

•

First Lieutenant, US Army

•

Virginia Military Institute (1984)

•

Stonier Graduate School of Banking (2002)

52

31

16

Todd Scruggs

CFO

•

Co-founder, Bank of the James (1999)

•

Current director

•

CFO, Bank of the James (16 years)

•

Former FINRA licensed Rep., Crestar (1998)

•

UVA McIntire School of Commerce (1990)

•

USC Grad. School of Bank Inv. Mng. (2006)

47

16+

16

Michael

Syrek

Chief

Lending Officer

•

Controller/CFO in various industries

•

Experience in mergers and acquisitions

•

SunTrust Commercial Team Leader

•

Lynchburg President, SunTrust Bank

•

James Madison University (1994)

•

Chief Lending Officer, Bank of the James

43

12

3

Harry Umberger

Chief Credit Officer

•

Manager, Sovran Bank (1990)

•

Hamden-Sydney College (1988)

•

VBA School of Bank Management

•

Chief Credit Officer, Bank of the James (2004)

49

15

14

6

Executive

Headshot

Previous Experience

Age

Years in Banking

Years with BOTJ

Angelia

Johnson

EVP &

Retail Branch

Administrator

•

Manager, Wachovia Bank (1995-2000)

•

MBA, Averett

University

•

Stonier Graduate School of Banking (2013)

•

Retail Division Leader, Bank of the James      

(7 years)

52

9+

9

Brandon

Farmer

Chief Operations

Officer

•

EVP and Senior Operations Officer (7 years)

•

Intern, Bank of the James in Organization

(1998)

•

Virginia Polytechnic and State University

(2000)

•

Stonier Graduate School of Banking (2010)

36

16

16

Brian E. Cash

President, Bank of

the James Mortgage

•

Mortgage Consumer Loan Officer, Bank of the

James (2004)

•

Lynchburg College (2002)

•

Stonier Graduate School of Banking (2014)

•

President, Bank of the James Mortgage

Division (2006)

35

11

11

EXPERIENCED,

YOUNG TEAM (2 of 2)

7

TRACK RECORD OF CREATING SHAREHOLDER VALUE

Recent Stock Price Performance

Recent Stock Price Returns

Source:

SNL Financial LC; Market data as of August 28, 2015

YTD Returns

One Year Returns

Three Year Returns

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

$4.00

$5.00

$6.00

$7.00

$8.00

$9.00

$10.00

$11.00

$12.00

$13.00

$14.00

Aug-12

Dec-12

Apr-13

Aug-13

Dec-13

Apr-14

Aug-14

Dec-14

Apr-15

Volume

BOTJ Price

6.01%

2.91%

-3.37%

BOTJ Return

NASDAQ Bank

S&P 500 Return

23.8%

7.6%

-0.4%

BOTJ Return

NASDAQ Bank

S&P 500 Return

107.1%

49.0%

41.1%

BOTJ Return

NASDAQ Bank Return

S&P 500 Return

8

DRIVING

SHAREHOLDER

VALUE

WITH

STRONG

RESULTS

$427M

$493M

$319M

2.25%

10.81%

$4.40

$11.36

$10.62

$0.18

$1.10

$0.00

$0.26

Note:

ROAE data as of June 30, 2015 LTM

30.1%

380.3%

158.2%

32.4%

511.1%

Profitable Growth

•

Strong loan growth has helped drive the

increase in the Company’s return on equity

–

Loan growth has come from Lynchburg as well as

recent expansion into Charlottesville and

Harrisonburg

•

The Company’s focus on improving

fundamental performance has driven increased

shareholder value

•

The Company is focused on continuing to

enhance shareholder value with the following

goals:

–

Growing loans by high single digit to low double-

digit rates through prudent lending

–

Targeting a double-digit ROAE

–

Focus on double digit EPS growth

2011

6/30/2015

Total Net Loans

$415M

2011

6/30/2015

ROAE

2011

6/30/2015

TBV Per Share

2011

6/30/2015

Earnings Per Share

2011

6/30/2015

Dividends Per Share

2011

6/30/2015

Share Price

$8.02

9

OPPORTUNITY FOR CONTINUED STRONG ORGANIC GROWTH

Highlights

•

As the impact of the financial crisis waned in late

2011, the Company began to refocus on growth

–

Hired Mike Syrek as CLO

–

Developed expertise and platform to bank more

sophisticated C&I relationships

–

Hired additional talented bankers in Lynchburg

–

Made key hires to expand into Charlottesville and

Harrisonburg

•

The Company has positioned itself as the bank of

choice

–

Opportunity to hire the best banking talent in the region

–

Customer service and reputation accelerate business

development

•

Recent market disruption from recent mergers and

branch sales further increases the ability to

capitalize on talent and clients dislocated by this

process

•

The Company’s market area provides an

opportunity for significant continued organic

growth

•

While bigger banks have historically dominated

these markets, they are focused elsewhere

•

Significant opportunity to grow deposit market

share –

meaningful opportunity remains in

Lynchburg

Source:

SNL Financial LC

Note: Includes  banks operating in Lynchburg, Charlottesville, Roanoke, and Harrisonburg Metropolitan Statistical Areas (MSAs); deposit market share data as of June 30, 2014

Current Market Area

Rank

Company

Branches

Deposits

($000s)

Market

Share

(%)

1

Wells Fargo & Co.

41

4,057,881

22.84

2

BB&T Corp.

58

2,824,362

15.90

3

SunTrust Banks Inc.

38

2,554,070

14.38

4

Carter Bank & Trust

30

1,137,837

6.41

5

Union Bankshares Corp.

30

1,102,669

6.21

6

Bank of America Corp.

15

1,055,585

5.94

7

BNC Bancorp

8

708,282

3.99

8

First Citizens BancShares Inc.

17

450,961

2.54

9

Bank of the James Financial Group Inc.

10

402,765

2.27

10

Virginia National Bankshares Corp.

4

392,071

2.21

11

F & M Bank Corp.

6

378,121

2.13

12

Pinnacle Bankshares Corp.

9

320,444

1.80

13

United Bankshares Inc.

10

300,012

1.69

14

HomeTrust Bancshares Inc.

5

282,977

1.59

15

HomeTown Bankshares Corp.

4

280,863

1.58

16

American National Bankshares Inc.

8

215,216

1.21

17

Bank of Botetourt

7

211,288

1.19

18

Bank of Fincastle

8

183,937

1.04

19

Farmers Bank of Appomattox

4

161,708

0.91

20

Select Bank Financial Corp.

2

112,395

0.63

21

Southern National Bancorp of Virginia Inc.

1

92,496

0.52

22

First National Corp.

2

75,272

0.42

23

First Bancorp Inc.

3

67,454

0.38

24

Cardinal Bankshares Corp.

2

65,542

0.37

25

Summit Financial Group Inc.

2

52,628

0.30

26

Farmers & Merchants Bank of Craig County

1

45,621

0.26

27

Old Dominion National Bank

2

45,379

0.26

28

Blue Ridge Bankshares Inc.

2

44,378

0.25

29

Capital One Financial Corp.

1

35,799

0.20

30

BCC Bankshares Inc.

1

28,772

0.16

31

Allegheny Bancshares Inc.

1

28,631

0.16

32

Pioneer Bankshares Inc.

4

20,498

0.12

33

Fidelity BancShares (N.C.) Inc.

1

10,323

0.06

34

Woodforest Financial Group Inc.

9

9,110

0.05

35

First Bancorp

1

6,029

0.03

36

Virginia Bank Bankshares Inc.

1

3,256

0.02

Total

348

17,764,632

100

10

ATTRACTIVE POTENTIAL FOR STRATEGIC GROWTH

Highlights

•

There are 20 banks under $750MM in assets

operating in our target market area

•

Many of these companies are struggling to adjust

to the new business and regulatory environment for

community banks

•

Many management teams are older and looking for

an opportunity to retire

•

There are also several similarly sized companies

that would benefit from an immediate increase in

economies of scale

•

We are open to merger opportunities and will

evaluate them based on shareholder focused

metrics

•

We believe that our company is an attractive merger

partner for the following reasons

–

Track record of strong fundamental performance

–

Focus on shareholder value

–

Reputation and capabilities

–

Experienced and energetic management team

Source:

SNL Financial LC; Microsoft Mappoint

Note: Map includes  Lynchburg, Charlottesville, Roanoke, Staunton, Harrisonburg, and Blacksburg, Virginia Metropolitan Statistical Areas (MSAs) and Rockbridge County, VA

Roanoke

Lynchburg

Charlottesville

Staunton

Harrisonburg

Rockbridge

County

Blacksburg

11

STRONG BALANCE

SHEET GROWTH

Total Assets CAGR

4.38%

Total Deposits CAGR

4.83%

Total Gross Loans CAGR

9.58%

Recent Balance Sheet Performance

$433

$433

$426

$441

$428

$431

$435

$435

$443

$447

$452

$461

$488

$493

$319

$326

$329

$326

$332

$338

$336

$347

$356

$367

$380

$400

$410

$420

$387

$385

$384

$399

$385

$389

$393

$387

$398

$400

$399

$399

$439

$445

$300

$320

$340

$360

$380

$400

$420

$440

$460

$480

$500

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2012

2013

2014

2015

Total Assets ($M)

Total Gross Loans ($M)

Total Deposits ($000)

12

ATTRACTIVE BALANCE SHEET MIX

(1)     For average balances during the quarter ended June 30, 2015

Current Loan Portfolio

Current Deposit Portfolio

•

Bank of the James has a conservative loan

book and is focused on profitable loan

growth with manageable risk

•

The Company has focused its recent efforts

at expanding its C&I loan book

•

The Company’s recent expansion into other

markets will increase the geographic

diversity in the Company’s portfolio

•

Bank of the James has produced substantial

loan growth in recent years

•

Bank of the James has an attractive and

stable core deposit base and intends to

focus on a strong core deposit mix even with

significant organic growth

•

Over 65% of the Bank’s deposits are non-

time deposits

•

The Company does not rely on wholesale

deposits for funding purposes

•

The Bank’s cost of funds was 0.51% for the

last twelve months ended June 30, 2015

Dollars in thousands

Type

Balance

%

Commercial

68,427

$  

16%

Total CRE

215,755

52%

Consumer

78,675

19%

Residential

54,154

13%

Total

417,011

$

100%

Reported Weighted Avg. Yield

(1)

4.62%

Commercial

$68,427

16%

NOW, MM,

Savings

$220,092

49%

Time

$141,466

32%

Residential

54,154

13%

Noninterest

Demand

$83,828

19%

NOW, MM,

Savings

220,092

49%

Time

141,466

32%

Dollars in thousands

Type

Balance

%

Noninterest Demand

83,828

$ 

19%

NOW, MM, Savings

220,092

49%

Time

141,466

32%

Total

445,386

$

100%

Reported Weighted Avg. Cost

(1)

0.58%

ASSET QUALITY

Strong Loan Quality

Low Nonperforming Assets

1.88%

1.75%

1.73%

1.70%

1.69%

1.62%

1.48%

1.50%

1.48%

1.42%

1.29%

1.20%

1.16%

1.10%

0.44%

0.92%

0.74%

0.82%

0.20%

0.22%

0.59%

0.06%

-0.02%

0.09%

0.32%

0.09%

0.14%

0.21%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2012

2013

2014

2015

LLR / Loans (%)

Annualized Net Chargeoffs / Avg Loans (%)

3.08%

2.18%

1.89%

1.92%

1.95%

1.59%

1.32%

1.04%

1.13%

1.00%

0.98%

0.97%

0.86%

0.81%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2012

2013

2014

2015

NPAs / Assets (%)

13

14

STRONG, STABLE NET INTEREST MARGIN

Recent Net Interest Margin Performance

3.94%

3.91%

4.09%

4.10%

4.10%

4.10%

4.06%

4.14%

4.01%

3.96%

3.97%

4.04%

3.81%

3.79%

4.78%

4.73%

4.83%

4.80%

4.74%

4.71%

4.66%

4.78%

4.60%

4.53%

4.52%

4.62%

4.39%

4.38%

0.96%

0.94%

0.85%

0.78%

0.75%

0.74%

0.71%

0.72%

0.71%

0.69%

0.67%

0.67%

0.71%

0.73%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2012

2013

2014

2015

Net Interest Margin (%)

Yield: Interest Earning Assets (%)

Cost of Interest-bearing Liab (%)

15

STRONG EARNINGS GROWTH

Efficiency Ratio

Noninterest Expense / AA

Noninterest Income / Average Assets

ROAA and ROAE

64%

66%

68%

70%

72%

74%

76%

78%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2012

2013

2014

2015

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

0.00%

0.20%

0.40%

0.60%

0.80%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2012

2013

2014

2015

ROAA (%)

ROAE (%)

0.25%

0.50%

0.75%

1.00%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2012

2013

2014

2015

2.75%

3.00%

3.25%

3.50%

3.75%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2012

2013

2014

2015

15

16

HISTORICAL FINANCIALS

Dollars in thousands, except per share data

For the Period Ended December 31,

June 30,

2010

2011

2012

2013

2014

2015

Balance Sheet Highlights

Total Assets

418,928

$          

427,436

$          

441,381

$          

434,511

$          

460,865

$          

492,836

$          

Total Net Loans

320,715

319,188

320,826

341,915

395,603

415,397

Total Equity

25,495

26,805

29,613

29,772

34,776

35,806

Tangible Common Equity / Tangible Assets

6.1%

6.3%

6.7%

6.9%

7.5%

7.3%

Summary Income Statement

Net Interest Income (non-FTE)

15,201

$           

15,327

$           

15,737

$           

15,989

$           

16,404

$           

8,520

$             

Provision for Loan & Lease Losses

2,783

4,807

2,289

540

55

157

Non-Interest Income

3,518

3,680

3,618

3,478

3,587

2,025

Non-Interest Expense

13,502

13,693

14,391

14,825

15,235

7,615

Earnings Before Income Taxes

2,434

507

2,675

4,102

4,701

2,773

Income Taxes

614

(93)

543

1,042

1,288

889

Net Income

1,820

$             

600

$                

2,132

$             

3,060

$             

3,413

$             

1,884

$             

Operating Performance Highlights

ROAA

0.44%

0.14%

0.50%

0.71%

0.76%

0.79%

ROAE

7.3%

2.3%

7.8%

10.1%

10.3%

10.7%

Net Interest Margin

3.94%

3.89%

4.03%

4.08%

3.97%

3.80%

Efficiency Ratio

72%

72%

72%

75%

76%

72%

Asset Quality

NPAs / Assets

4.01%

3.37%

2.05%

1.17%

1.05%

0.98%

NPAs (Excl. Restructured Lns.) / Assets

2.82%

3.19%

1.92%

1.04%

0.97%

0.81%

Reserves / Loans

1.68%

1.73%

1.70%

1.49%

1.20%

1.09%

NCOs / Avg. Loans

0.49%

1.44%

0.73%

0.27%

0.12%

0.18%

Per Share Information

Common Shares Outstanding (Actual)

3,323,743

3,342,418

3,352,725

3,364,874

3,371,616

3,371,616

Tangible Book Value Per Share

$7.67

$8.02

$8.83

$8.85

$10.31

$10.62

Diluted Earnings Per Share

$0.55

$0.18

$0.64

$0.91

$1.01

$0.56

Common Dividends Declared Per Share

$0.00

$0.00

$0.00

$0.00

$0.15

$0.16

17

INVESTMENT CONSIDERATIONS

Attractive Market Opportunity

•

Affluent market area with steady growth opportunities

•

Recent expansion into attractive Charlottesville and

Harrisonburg MSAs

•

Big banks have lost focus on these markets

•

Opportunity to attract dislocated customers and

bankers

Track Record of Strong, Disciplined Growth

•

Experienced management team

•

Strong, but prudent loan growth from 2012 to present

•

Robust margin and low cost of funds

•

Attractive funding mix

•

Healthy revenue stream with growing net interest

income and diversification with growing noninterest

income

•

Strong profitability

Focus on Creating Shareholder Value

•

Track record of creating shareholder value as

illustrated by growth in tangible book value per

share, earnings per share, dividends, and stock price

•

Focus on achieving double-digit loan growth, EPS

growth, and ROAE going forward

$0.11

$0.15

$0.16

$0.22

$0.24

$0.24

$0.24

$0.20

$0.21

$0.25

$0.27

$0.28

$0.27

$0.28

$0.05

$0.10

$0.15

$0.20

$0.25

$0.30

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2012

2013

2014

2015

Strong Earnings Per Share Growth

Strong TBV Per Share Growth

$8.09

$8.47

$8.68

$8.83

$8.94

$8.67

$8.72

$8.85

$9.31

$9.70

$9.94

$10.31

$10.60

$10.62

$7.50

$8.00

$8.50

$9.00

$9.50

$10.00

$10.50

$11.00

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2012

2013

2014

2015

Raymond James U.S. Bank Conference

September 2015

NASDAQ: BOTJ