SEC Form NT 10-Q filed by Bank of the James Financial Group Inc.



UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________________

Form 12b-25

______________________



NOTIFICATION OF LATE FILING



(Check One)☐ Form 10-K☐ Form 20-F☐ Form 11-K☒ Form 10-Q



For Period Ended:  March 31, 2024



☐    Transition Report on Form 10-K

☐    Transition Report on Form 20-F

☐    Transition Report on Form 11-K

☐    Transition Report on Form 10-Q

☐    Transition Report on Form N-SAR



For the Transition Period Ended: ___________________





If the notification relates to a portion of the filing checked above, identify the item(s) to which the notification relates:  ___________________



PART I – REGISTRANT INFORMATION



BANK OF THE JAMES FINANCIAL GROUP, INC.

Full Name of Registrant



Former Name if Applicable



828 Main Street

Address of Principal Executive Office (Street and Number)



Lynchburg, VA  24504

City, State and Zip Code



PART II – RULES 12b-25(b) AND (c)



If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)



---

 



PART III - NARRATIVE

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

Bank of the James Financial Group, Inc. (the “Company”) is unable to file, without unreasonable effort or expense, its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the “10-Q”) within the prescribed time period because additional time is required to finalize its calculation of the fair value of a subset (approximately $8,000,000 par value of subordinated debt purchased from other bank holding companies) of its securities available-for-sale portfolio. The Company expects to file the 10-Q on or before the fifth calendar day following the prescribed due date.

PART IV – OTHER INFORMATION





FORWARD-LOOKING STATEMENTS

This Form 12b-25 contains forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995 and other legal authority) that are based on current plans and expectations that are subject to uncertainties and risks, which could cause our future results to differ materially. The words “may,” “could,” “should,” “would,” “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “target,” “vision,” “goal,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, and may be influenced by, a material delay in the Company’s financial reporting, including the possibility that the Company will not be able to file the Form 10-Q within the extension permitted by the rules of the U.S. Securities and Exchange Commission, and the possibility that the ongoing review may identify errors or control deficiencies in the Company’s accounting practices. Because such statements are based on the Company’s current expectations and are not statements of fact, actual results may differ materially from those projected or estimated and you are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Investors are cautioned not to place undue reliance upon forward looking statements in this notification of late filing. The Company undertakes no obligation to revise or update these forward-looking statements to reflect events or circumstances after the date of this filing, except as required by law. Forward-looking statements in this Form 12b-25 speak only as of the date of this Form 12b-25, and we assume no obligation to update forward-looking statements or the reasons why actual results could differ, except as may be required by law.

---

 



Bank of the James Financial Group, Inc.

(Name of Registrant as Specified in Charter)



has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.



---