Bank of the James Financial (BOTJ) - 2023 Q3 - Quarterly Report

Cash and cash equivalents increased to $99,529,000 on September 30, 2023 from $61,762,000 on December 31, 2022. Cash and cash equivalents consist of cash due from correspondents, cash in vault, and overnight investments (including Federal funds sold). This increase was due primarily to an increase in Federal funds sold. This increase was offset by a decrease of $9,920,000 in cash and due from banks from December 31, 2022 to September 30, 2023. In addition, cash and cash equivalents are subject to routine fl ...