Stock-Based Compensation Plans	12 Months Ended
Dec. 31, 2022
Stock Based Compensation [Abstract]
Stock-Based Compensation Plans	On March 20, 2018, the Board of Directors adopted the “2018 Bank of the James Financial Group, Inc. Equity Incentive Plan,” which was approved by the shareholders on May 15, 2018. The 2018 Incentive Plan permits the issuance of up to 250,000 shares of common stock for awards to key employees of the Company and its Note 15 – Stock-based compensation plans(continued) subsidiaries in the form of stock options, restricted stock, restricted stock units, stock awards and performance units. On January 2, 2019, the Company granted its first block of equity compensation under the 2018 Incentive Plan consisting of 24,500 restricted stock units. The recipients of restricted stock units do not receive shares of the Company’s stock immediately, but instead receive shares, or cash compensation, or some combination of the two, upon satisfying the requisite service period specified by the terms and conditions of the grant. Additionally, the recipients of restricted stock units do not enjoy the same rights as other holders of the Company’s common stock until the units have vested and as such, they do not have voting rights or rights to nonforfeitable dividends. The related compensation expense is based on the fair value of the Company’s stock. Shares vested over 3 years in thirds with the first one-third vesting one year from the grant date. The total expense recognized for the years ended December 31, 2022 and 2021, in connection with the restricted stock unit awards was approximately $0 and $106 in each year, respectively. There were no forfeitures during the years ended December 31, 2022 and 2021. There were no new grants in the year ended December 31, 2022. The fair value of shares which vested in 2022 and 2021 was $127 and $100,respectively. At December 31, 2022, there was no remaining unrecognized stock-based compensation expense remaining as all awards have vested and were cash settled.

Stock-Based Compensation Plans

12 Months Ended

Dec. 31, 2022

On March 20, 2018, the Board of Directors adopted the “2018 Bank of the James Financial Group, Inc. Equity Incentive Plan,” which was approved by the shareholders on May 15, 2018. The 2018 Incentive Plan permits the issuance of up to 250,000 shares of common stock for awards to key employees of the Company and its

Note 15 – Stock-based compensation plans(continued)

subsidiaries in the form of stock options, restricted stock, restricted stock units, stock awards and performance units.

On January 2, 2019, the Company granted its first block of equity compensation under the 2018 Incentive Plan consisting of 24,500 restricted stock units. The recipients of restricted stock units do not receive shares of the Company’s stock immediately, but instead receive shares, or cash compensation, or some combination of the two, upon satisfying the requisite service period specified by the terms and conditions of the grant. Additionally, the recipients of restricted stock units do not enjoy the same rights as other holders of the Company’s common stock until the units have vested and as such, they do not have voting rights or rights to nonforfeitable dividends. The related compensation expense is based on the fair value of the Company’s stock. Shares vested over 3 years in thirds with the first one-third vesting one year from the grant date. The total expense recognized for the years ended December 31, 2022 and 2021, in connection with the restricted stock unit awards was approximately $0 and $106 in each year, respectively. There were no forfeitures during the years ended December 31, 2022 and 2021. There were no new grants in the year ended December 31, 2022. The fair value of shares which vested in 2022 and 2021 was $127 and $100,respectively.

At December 31, 2022, there was no remaining unrecognized stock-based compensation expense remaining as all awards have vested and were cash settled.