JMSB on Nasdaq
John Marshall Bancorp, Inc.
American state commercial bank based in Reston, listed on Nasdaq (JMSB)1
In its 2026 annual report the company says: “The Bank is a Virginia chartered commercial bank that commenced operations in 2006. We primarily serve small to medium-sized businesses, their owners and employees, professional corporations, non-profits and individuals with a broad range of banking products and financial services.”4
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Last updated Oct 20, 2026.
Overview
- TickerJMSB on Nasdaq1
- IndustryState Commercial Banks1
- HeadquartersReston, Virginia1
- Incorporated inVA2
- Business address1943 Isaac Newton Square, Suite 100, Reston, Va 201902
- Filer category, Emerging growth company2
- Legal formCorporation
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John Marshall Bancorp, Inc. was organized as a Virginia corporation in 2016 to serve as the holding company for John Marshall Bank. The Company and the Bank are each headquartered in Reston, Virginia (approximately 20 miles west of Washington, D.C.). The Company commenced operations as a bank holding company on March 1, 2017 following a reorganization transaction in which it became the Bank’s holding company. This transaction was treated as an internal reorganization as all shareholders of the Bank became shareholders of the Company. As a bank holding company, the Company is subject to regulation and supervision by the Federal Reserve. The Company has no material operations other than its sole ownership of the Bank. The Bank is a Virginia chartered commercial bank that commenced operations in 2006. The Bank is supervised and regulated by the Federal Reserve and the Bureau of Financial In…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Insurance Commissions brought in 26% of the revenue John Marshall Bancorp, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Insurance Commissions | $416.0K | $328.0K |
| Interchange Income | $363.0K | $327.0K |
| Account Service Fees | $265.0K | $255.0K |
| Other Charges and Fees | $292.0K | $244.0K |
| Overdrawn Account Fees | $84.0K | $81.0K |
| Other Operating Income | $30.0K | $17.0K |
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Interest and fees on loans | $102.7M | $96.3M |
| Interest on investment securities, taxable | $4.2M | $4.7M |
| Interest on investment securities, tax-exempt | $36.0K | $36.0K |
| Dividends | $484.0K | $391.0K |
| Interest on deposits in banks | $5.9M | $8.7M |
| Total interest and dividend income | $113.3M | $110.1M |
| Deposits | $49.0M | $54.5M |
| Federal funds purchased | $2.0K | $2.0K |
| Federal Home Loan Bank advances | $2.3M | $745.0K |
| Federal Reserve Bank borrowings | $2.5M | |
| Subordinated debt | $1.4M | $1.4M |
| Total interest expense | $52.7M | $59.1M |
| Net Interest Income | $60.6M | $51.0M |
| Provision for (recovery of) credit losses | $1.7M | -$370.0K |
| Net interest income after provision for (recovery of) credit losses | $58.9M | $51.4M |
| Service charges on deposit accounts | $336.0K | $349.0K |
| Other service charges and fees | $571.0K | $655.0K |
| Insurance commissions | $328.0K | $416.0K |
| Gain on sale of government guaranteed loans | $322.0K | $520.0K |
| Non-qualified deferred compensation plan asset gains, net | $402.0K | $236.0K |
| Other income | $115.0K | $95.0K |
| Total non-interest income | $2.1M | $2.3M |
| Salaries and employee benefits | $20.7M | $19.2M |
| Occupancy expense of premises | $1.5M | $1.8M |
| Furniture and equipment expenses | $1.3M | $1.2M |
| Other operating expenses | $10.0M | $9.6M |
| Total non-interest expenses | $33.6M | $31.8M |
| Income before income taxes | $27.4M | $21.9M |
| Income Tax Expense | $6.2M | $4.8M |
| Net income | $21.2M | $17.1M |
| Earnings per share, basic (in dollars per share) | $1.49 | $1.20 |
| Earnings per share, diluted (in dollars per share) | $1.49 | $1.20 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.5
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $6.5M | $5.9M | |
| Interest-bearing deposits in other banks | $123.5M | $116.5M | |
| Total cash and cash equivalents | $130.0M | $122.5M | |
| Securities available-for-sale, at fair value | $123.9M | $130.3M | |
| Securities held-to-maturity at amortized cost, fair value of $77,575 and $76,270 as of December 31, 2025 and December 31, 2024, respectively | $88.4M | $92.0M | |
| Restricted securities, at cost | $7.6M | $7.6M | |
| Equity securities, at fair value | $2.8M | $2.8M | |
| Loans, net of unearned income | $2.0B | $1.9B | |
| Less: Allowance for loan credit losses | -$19.8M | -$18.7M | |
| Loans, net | $2.0B | $1.9B | |
| Bank premises and equipment, net | $1.3M | $1.3M | |
| Accrued interest receivable | $5.9M | $6.0M | |
| Right-of-use assets | $4.6M | $5.0M | |
| Other assets | $12.5M | $14.0M | |
| Total assets | $2.3B | $2.2B | |
| Non-interest bearing demand deposits | $432.7M | $433.3M | |
| Interest-bearing demand deposits | $745.3M | $705.1M | |
| Savings deposits | $34.7M | $44.4M | |
| Time deposits | $759.5M | $709.7M | |
| Total deposits | $2.0B | $1.9B | |
| Federal Home Loan Bank advances | $56.0M | $56.0M | |
| Subordinated debt | $24.9M | $24.8M | |
| Accrued interest payable | $2.1M | $2.4M | |
| Lease liabilities | $4.8M | $5.4M | |
| Other liabilities | $6.8M | $7.4M | |
| Total liabilities | $2.1B | $2.0B | |
| Additional paid-in capital | $95.7M | $97.2M | |
| Retained earnings | $176.9M | $160.0M | |
| Accumulated other comprehensive loss | -$7.1M | -$10.7M | |
| Total shareholders' equity | $265.6M | $246.6M | $229.9M |
| Total liabilities and shareholders' equity | $2.3B | $2.2B | |
| Securities held-to-maturity, fair value | $77.6M | $76.3M | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and due from banks | $6.5M | $5.9M | |
| Interest-bearing deposits in other banks | $123.5M | $116.5M | |
| Total cash and cash equivalents | $130.0M | $122.5M | |
| Securities available-for-sale, at fair value | $123.9M | $130.3M | |
| Securities held-to-maturity at amortized cost, fair value of $77,575 and $76,270 as of December 31, 2025 and December 31, 2024, respectively | $88.4M | $92.0M | |
| Restricted securities, at cost | $7.6M | $7.6M | |
| Equity securities, at fair value | $2.8M | $2.8M | |
| Loans, net of unearned income | $2.0B | $1.9B | |
| Less: Allowance for loan credit losses | -$19.8M | -$18.7M | |
| Loans, net | $2.0B | $1.9B | |
| Bank premises and equipment, net | $1.3M | $1.3M | |
| Accrued interest receivable | $5.9M | $6.0M | |
| Right-of-use assets | $4.6M | $5.0M | |
| Other assets | $12.5M | $14.0M | |
| Total assets | $2.3B | $2.2B | |
| Non-interest bearing demand deposits | $432.7M | $433.3M | |
| Interest-bearing demand deposits | $745.3M | $705.1M | |
| Savings deposits | $34.7M | $44.4M | |
| Time deposits | $759.5M | $709.7M | |
| Total deposits | $2.0B | $1.9B | |
| Federal Home Loan Bank advances | $56.0M | $56.0M | |
| Subordinated debt | $24.9M | $24.8M | |
| Accrued interest payable | $2.1M | $2.4M | |
| Lease liabilities | $4.8M | $5.4M | |
| Other liabilities | $6.8M | $7.4M | |
| Total liabilities | $2.1B | $2.0B | |
| Additional paid-in capital | $95.7M | $97.2M | |
| Retained earnings | $176.9M | $160.0M | |
| Accumulated other comprehensive loss | -$7.1M | -$10.7M | |
| Total shareholders' equity | $265.6M | $246.6M | $229.9M |
| Total liabilities and shareholders' equity | $2.3B | $2.2B | |
| Securities held-to-maturity, fair value | $77.6M | $76.3M | |
| Preferred stock, par value (in dollars per share) | $0.01 | $0.01 | |
| Preferred stock, authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, issued (in shares) | 0 shares | 0 shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.5
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $21.2M | $17.1M |
| Depreciation | $507.0K | $447.0K |
| Right of use asset amortization | $1.0M | $1.2M |
| Provision for (recovery of) credit losses | $1.7M | -$370.0K |
| Share-based compensation expense | $527.0K | $555.0K |
| Net accretion of securities | -$203.0K | -$302.0K |
| Fair value adjustment on equity securities | -$402.0K | -$236.0K |
| Amortization of debt issuance costs | $84.0K | $83.0K |
| Net loss (gain) on premises and equipment | $3.0K | -$1.0K |
| Deferred tax benefit | -$162.0K | -$284.0K |
| Gain on sale of government guaranteed loans | -$322.0K | -$520.0K |
| Decrease in accrued interest receivable | $106.0K | $114.0K |
| Decrease in other assets | $677.0K | $4.2M |
| Decrease in accrued interest payable | -$270.0K | -$2.2M |
| Decrease in other liabilities | -$1.9M | -$2.6M |
| Net cash provided by operating activities | $22.6M | $17.3M |
| Net (increase) decrease in loans | -$107.6M | -$17.8M |
| Proceeds from sale of government guaranteed loans originally classified as held for investment | $4.3M | $6.1M |
| Purchase of available-for-sale securities | -$32.3M | |
| Proceeds from maturities, calls and principal repayments of available-for-sale securities | $43.5M | $42.2M |
| Proceeds from maturities, calls and principal repayments of held-to-maturity securities | $3.5M | $3.3M |
| Net purchases of restricted securities | -$10.0K | -$2.6M |
| Net proceeds from equity securities | $391.0K | $196.0K |
| Proceeds from sale of premises and equipment | $47.0K | |
| Purchases of bank premises and equipment | -$554.0K | -$483.0K |
| Net cash (used in) provided by investing activities | -$88.7M | $31.0M |
| Net increase (decrease) in deposits | $79.9M | -$14.2M |
| Net proceeds of Federal Home Loan Bank advances | $56.0M | |
| Repayment of Federal Reserve Bank borrowings | -$54.0M | |
| Cash dividends paid | -$4.3M | -$3.6M |
| Repayment of federal funds purchased | -$10.0M | |
| Issuance of common stock for share options exercised | $446.0K | $1.1M |
| Repurchase of shares for tax withholding on share-based compensation | -$29.0K | -$21.0K |
| Repurchase of common stock | -$2.4M | -$49.0K |
| Net cash provided by (used in) financing activities | $73.6M | -$24.8M |
| Net increase in cash and cash equivalents | $7.5M | $23.5M |
| Interest | $52.9M | $61.2M |
| Income taxes - U.S. Federal | $5.2M | $1.3M |
| Total income taxes paid | $5.7M | $1.3M |
| Unrealized gain on securities available-for-sale | $4.5M | $2.1M |
| Right of use asset obtained in exchange for new operating lease liability | $563.0K | $2.1M |
No quarter-by-quarter statement was filed.
Corporate structure
John Marshall Bancorp, Inc. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of John Marshall Bancorp, Inc.
- T. Rowe Price Investment Management, Inc. Filed SCHEDULE 13G/A on John Marshall Bancorp, Inc., latest Feb 14, 2025 (5 filings since Aug 10, 2022)
- John Marshall Bancorp, Inc. Reston, Virginia
- John Marshall Bank Subsidiary · Virginia, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What John Marshall Bancorp, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $10.6M5 Dec 31, 2025 | $10.1M5 Dec 31, 2024 | +4.7% |
| Accumulated depreciation | $9.3M5 Dec 31, 2025 | $8.8M5 Dec 31, 2024 | +5.4% |
| Property and equipment, net | $1.3M5 Dec 31, 2025 | $1.3M5 Dec 31, 2024 | −0.2% |
| Operating-lease assets (leased space) | $4.6M5 Dec 31, 2025 | $5.0M5 Dec 31, 2024 | −9.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $130.0M5 Dec 31, 2025 | $122.5M5 Dec 31, 2024 | +6.1% |
| Loans, net of allowance | $2.0B5 Dec 31, 2025 | $1.9B5 Dec 31, 2024 | +5.5% |
| Deposits held (banks) | $2.0B5 Dec 31, 2025 | $1.9B5 Dec 31, 2024 | +4.2% |
Properties, in its own words
The Company is headquartered in Reston, Virginia and conducts business through its headquarters office and eight full-service bank branches. The following table sets forth information regarding our offices, which are all leased.
Location · Year Leased
The rest of Item 2
Headquarters:
1943 Isaac Newton Sq. E, Suites 100, 125, 200, and 220Reston, VA 20190 · 20111
Other Properties:
Reston Branch1943 Isaac Newton Sq. E, Ste. 150Reston, VA 20190 · 2011
Alexandria Branch700 South Washington St. Suites 120 and 230Alexandria, VA 22314 · 2013
Arlington Branch2300 Wilson Blvd., Ste. 120Arlington, VA 22201 · 2014
Washington, D.C. Branch1625 K St., NW, Ste. 1050Washington, DC 20006 · 2023
Loudoun Branch540 Fort Evans Road NE, Suite 100Leesburg, VA 20176 · 2024
Prince William Branch12701 Marblestone Dr., Ste. 150Woodbridge, VA 22192 · 2021
Rockville Branch11 N. Washington St., Ste. 100Rockville, MD 20850 · 2010
Tysons Branch8229 Boone Blvd., Ste. 102Tysons, VA 22182 · 2016
(1) · Suite 200 of the Company’s headquarters was leased starting in 2016.
We believe that the current facilities are adequate to meet our present and foreseeable needs, subject to possible future expansion. We believe that upon expiration of each lease we will be able to extend the lease on satisfactory terms or relocate to another acceptable location.
Item 2 of the 10-K filed Mar 13, 2026.4
Leadership
Who has led John Marshall Bancorp, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerChristopher W. Bergstrom Apr 26, 2022 to now11
- Chief financial officerKent Carstater Apr 26, 2022 to now12
- Chief operating officerCarl E. Dodson Apr 26, 2022 to May 27, 202213
- Chief operating officerKelly Jo Bell Jun 7, 2022 to now14
Board members and other officers (11)
- Chief Lending OfficerAndrew Peden Apr 26, 2022 to now15
- Board memberChristopher W. Bergstrom Apr 26, 2022 to now11
- Board memberJean Edelman Apr 26, 2022 to Apr 26, 202216
- Board memberLim Nguonly Apr 26, 2022 to Dec 19, 202417
- Board memberMichael A. Garcia Apr 26, 2022 to now18
- Board memberMichael T. Foster Apr 26, 2022 to now19
- Board memberOscar Leland Mahan Apr 26, 2022 to now20
- Board memberPhilip Chase Apr 26, 2022 to now21
- Board memberPhilip W. Allin Apr 26, 2022 to now22
- Board memberRonald J. Gordon Apr 26, 2022 to Dec 22, 202223
- Board memberSubhash Garg Apr 26, 2022 to now24
Named in SEC Form D filings
People the company listed in its private-offering notices.
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- John Marshall Bank Virginia3
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Timeline
- Sep 8, 20268-K Entered a material agreement; Executive or director change; Regulation FD disclosure26
- Aug 19, 20268-K Other events27
- Jul 28, 20268-K Regulation FD disclosure28
- Jul 22, 20268-K Results of operations29
- Jul 22, 20268-K Other events30
- Jun 16, 20268-K Regulation FD disclosure31
- Jun 16, 20268-K Shareholder vote32
- Apr 29, 20268-K Results of operations33
- Apr 29, 20268-K Other events34
- Apr 15, 20268-K Other events35
- Jan 28, 20268-K Results of operations36
- Jan 28, 20268-K Other events37
- Apr 26, 2022New chief executive Christopher W. Bergstrom becomes CEO11
Calendar
Coming up
- Oct 28, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.38 a share, on Oct 29, 2025.38
When it reported results
- Jul 22, 2026Reported quarterly or annual results29
- Apr 29, 2026Reported quarterly or annual results33
- Jan 28, 2026Reported quarterly or annual results36
- Oct 29, 2025Reported quarterly or annual results39
- Jul 23, 2025Reported quarterly or annual results40
- Apr 23, 2025Reported quarterly or annual results41
- Jan 29, 2025Reported quarterly or annual results42
- Oct 23, 2024Reported quarterly or annual results43
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
275 filings to the SEC since October 2021: 4 annual reports, 14 quarterly reports, 54 major events, 161 insider forms, 7 large holders, 1 private raises, 34 other. The latest 20:
- Oct 13, 2026S-4/A EDGAR
- Oct 2, 2026S-4 EDGAR
- Sep 8, 2026425 EDGAR
- Sep 8, 20268-K EDGAR
- Aug 28, 20264 EDGAR
- Aug 28, 20264 EDGAR
- Aug 19, 20268-K EDGAR
- Aug 7, 202610-Q EDGAR
- Jul 28, 20268-K EDGAR
- Jul 22, 20268-K EDGAR
- Jul 22, 20268-K EDGAR
- Jun 26, 20264 EDGAR
- Jun 16, 20268-K EDGAR
- Jun 16, 20268-K EDGAR
- Jun 5, 20264 EDGAR
- Jun 5, 20264 EDGAR
- May 8, 202610-Q EDGAR
- Apr 29, 2026DEFA14A EDGAR
- Apr 29, 2026DEF 14A EDGAR
- Apr 29, 20268-K EDGAR
The 275 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
98 open-market trades by officers, directors and large owners since October 2021: 62 buys and 36 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Aug 26, 2026 | Chase PhilipDirector | Buy | 133 | $22.96 | $3.1K | Form 4 |
| Aug 26, 2026 | Kinney Jonathan CraigDirector | Buy | 2,357 | $22.92 | $54.0K | Form 4 |
| Jun 3, 2026 | Mahan Oscar LelandDirector | Buy | 179 | $21.03 | $3.8K | Form 4 |
| Jun 3, 2026 | Kinney Jonathan CraigDirector | Buy | 2,300 | $21.03 | $48.4K | Form 4 |
| Dec 5, 2025 | Kinney Jonathan CraigDirector | Buy | 500 | $19.63 | $9.8K | Form 4 |
| Dec 2, 2025 | Kinney Jonathan CraigDirector | Buy | 1,345 | $19.33 | $26.0K | Form 4 |
| Nov 6, 2025 | Kinney Jonathan CraigDirector | Buy | 500 | $18.90 | $9.4K | Form 4 |
| Nov 5, 2025 | Kinney Jonathan CraigDirector | Buy | 800 | $18.71 | $15.0K | Form 4 |
| Nov 4, 2025 | Kinney Jonathan CraigDirector | Buy | 400 | $18.95 | $7.6K | Form 4 |
| Oct 31, 2025 | Kinney Jonathan CraigDirector | Buy | 500 | $18.85 | $9.4K | Form 4 |
| Jul 31, 2025 | Carstater KentCHIEF FINANCIAL OFFICER | Buy | 5,000 | $18.43 | $92.2K | Form 4 |
| Jul 30, 2025 | GARCIA MICHAEL ADirector | Buy | 6,162 | $19.20 | $118.3K | Form 4 |
| Jul 29, 2025 | GARCIA MICHAEL ADirector | Buy | 4,276 | $19.20 | $82.1K | Form 4 |
| Jul 28, 2025 | GARCIA MICHAEL ADirector | Buy | 2,747 | $19.12 | $52.5K | Form 4 |
| Jul 15, 2025 | Mahan Oscar LelandDirector | Buy | 712 | $18.63 | $13.3K | Form 4 |
| Jun 12, 2025 | Kinney Jonathan CraigDirector | Buy | 700 | $17.36 | $12.2K | Form 4 |
| Jun 11, 2025 | Kinney Jonathan CraigDirector | Buy | 200 | $17.58 | $3.5K | Form 4 |
| Jun 6, 2025 | Kinney Jonathan CraigDirector | Buy | 250 | $17.70 | $4.4K | Form 4 |
| Jun 5, 2025 | Kinney Jonathan CraigDirector | Buy | 900 | $17.27 | $15.5K | Form 4 |
| Jun 3, 2025 | Kinney Jonathan CraigDirector | Buy | 204 | $17.47 | $3.6K | Form 4 |
All 98 trades can be filtered by person here when JavaScript is on.
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- T. Rowe Price Investment Management, Inc.SCHEDULE 13G/A, 5 filings Aug 10, 2022 to Feb 14, 202544
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Christopher W. BergstromPresident & Chief Executive Officer | 66 | $800.0K | $1.6M45 |
| 2025 | Kent D. CarstaterSenior Executive Vice President – Chief Financial Officer | 58 | $380.0K | $700.2K45 |
| 2025 | Andrew J. PedenSenior Executive Vice President – Chief Banking Officer | 48 | $375.0K | $696.4K45 |
| 2024 | Christopher W. BergstromPresident & Chief Executive Officer | 66 | $775.0K | $1.4M45 |
| 2024 | Kent D. CarstaterSenior Executive Vice President – Chief Financial Officer | 58 | $360.0K | $608.5K45 |
| 2024 | Andrew J. PedenSenior Executive Vice President – Chief Banking Officer | 48 | $360.0K | $589.7K45 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Jun 15, 2022Raised $25 million in a private offering of debt Form D: 1 investor so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 94. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How John Marshall Bancorp, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARJohn Marshall Bancorp, Inc.1
- CIK0001710482
- Employer ID (EIN)81-54248794
- Filer statusAccelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inVirginia4
- Fiscal year endsDecember 311
- Industry code (SIC)6022 State Commercial Banks1
- SEC reviewing officeOffice of Finance, Division of Corporation Finance1
- Business address1943 Isaac Newton Square, Suite 100, Reston, VA 201901
- Phone703-584-08401
- Shares outstanding14,112,134 as of Jul 30, 202610
- Public float$231.6M as of Jun 30, 20254
- AuditorYount, Hyde & Barbour, P.C., Richmond, Virginia PCAOB ID 613; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceMar 4, 20221
- Filings275 in all: 4 (140), 8-K (54), 3 (16), 10-Q (14), 144 (7), DEF 14A (5), DEFA14A (5), 10-K (4)1
All 26 form types
4/A (4), CORRESP (3), SC 13G (3), SC 13G/A (3), 10-12B/A (2), S-8 (2), UPLOAD (2), 10-12B (1), 3/A (1), 425 (1), CERT (1), D (1), EFFECT (1), S-3 (1), S-4 (1), S-4/A (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (10-K) Mar 13, 2026
Quarterly report (10-Q) Aug 7, 2026
Proxy statement (DEF 14A) Apr 29, 2026
Latest 8-K (8-K) Sep 8, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.01 par value per share | JMSB | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks John Marshall Bancorp, Inc. names in Item 1A of its 10-K filed Mar 13, 2026: 49 risks under these headings, as written.4
- Risks Related to Our Lending Activities
- We may not be able to measure and limit our credit risk adequately, which could adversely affect our profitability.
- Our allowance for loan credit losses may be inadequate to absorb expected losses inherent in the loan portfolio.
- If our non-performing assets increase, our earnings will be adversely affected.
- Our focus on lending to small to medium-sized businesses may increase our credit risk.
- A substantial portion of our loans are and will continue to be real estate related loans in the Washington, D.C. metropolitan area. Adverse changes in the real estate market or economy in this area could lead to higher levels of problem loans and charge-offs, adversely affecting our earnings and financial condition.
- We are exposed to higher credit risk by commercial real estate, commercial and industrial and construction and development-based lending as well as relationship exposure with a number of large borrowers.
- We engage in lending secured by real estate and may be forced to foreclose on the collateral and own the underlying real estate, subjecting us to the costs and potential risks associated with the ownership of real property, or consumer protection initiatives or changes in state or federal law may substantially raise the cost of foreclosure or prevent us from foreclosing at all.
- A significant percentage of our loans are attributable to a relatively small number of borrowers.
- Lack of seasoning of our loan portfolio could increase risk of credit defaults in the future.
- The appraisals and other valuation techniques we use in evaluating and monitoring loans secured by real property and other real estate owned may not accurately reflect the net value of the asset.
- Risks Related to Funding and Liquidity
The other 39 risks
- Our deposit portfolio includes significant concentrations and a large percentage of our deposits are attributable to a relatively small number of customers.
- Limits on our ability to use brokered deposits as part of our funding strategy may adversely affect our ability to grow.
- Liquidity risk could impair our ability to fund operations and meet our obligations as they become due.
- The proportion of our deposit account balances that exceed FDIC insurance limits may expose the Bank to enhanced liquidity risk in times of financial distress.
- Unrealized losses in our securities portfolio could affect liquidity.
- Risks Related to Our Business, Industry and Markets
- We operate in a highly competitive market and face increasing competition from a variety of traditional and new financial services providers.
- Failure to keep up with the rapid technological changes in the financial services industry could have an adverse effect on our competitive position and profitability.
- Interest rate shifts may reduce net interest income and otherwise negatively impact our financial condition and results of operations.
- The fair value of our investment securities can fluctuate due to factors outside of our control.
- Inflation can have an adverse impact on our business and on our customers.
- Monetary policies and regulations of the Federal Reserve could have an adverse effect on our business, financial condition and results of operations.
- Risks Related to Our Operations
- We are subject to certain operational risks, including, but not limited to, customer or employee fraud and data processing system failures and errors.
- We rely on third parties to provide key components of our business infrastructure.
- We follow a relationship-based operating model and our ability to maintain our reputation is critical to the success of our business and the failure to do so may materially adversely affect our performance.
- We may be adversely affected by the lack of soundness of other financial institutions or market utilities.
- External and internal risk has proliferated in recent years.
- Our risk management framework may not be effective in mitigating risks and/or losses to us.
- System failure or breaches of our network security, including as a result of cyber-attacks or data security breaches, could subject us to increased operating costs as well as litigation and other liabilities.
- The Company’s business continuity plans or data security systems could prove to be inadequate, resulting in a material interruption in, or disruption to, its business and a negative impact on results of operations.
- We are dependent on the use of data and modeling in both our management’s decision-making generally and in meeting regulatory expectations in particular.
- We are exposed to risk of environmental liabilities with respect to properties to which we obtain title.
- Risks Related to our Regulatory Environment
- Our industry is highly regulated, and the regulatory framework, together with any future legislative or regulatory changes, may have a materially adverse effect on our operations.
- We are subject to stringent capital requirements, which could have an adverse effect on our operations.
- Our use of third party vendors and our other ongoing third party business relationships are subject to increasing regulatory requirements and attention.
- Regulatory requirements affecting our loans secured by commercial real estate could limit our ability to leverage our capital and adversely affect our growth and profitability.
- Changes in accounting standards could materially impact our financial statements.
- Climate change and related legislative and regulatory initiatives may result in operational changes and expenditures that could significantly impact our business.
- Risks Related to an Investment in Our Common Stock
- We currently qualify as an “emerging growth company” and a “smaller reporting company,” and the reduced disclosures and relief from certain other significant disclosure requirements that are available to emerging growth companies and smaller reporting companies may make our common stock less attractive to investors.
- If we fail to design, implement and maintain effective internal control over financial reporting or remediate any future material weakness in our internal control over financial reporting, we may be unable to accurately report our financial results or prevent fraud.
- We may issue additional equity securities, or engage in other transactions, which could affect the priority of our common stock, which may adversely affect the market price of our common stock.
- Our common stock is subordinate to our existing and future indebtedness.
- Our corporate governance documents, and corporate and banking laws applicable to us, could make a takeover more difficult and adversely affect the market price of our common stock.
- We currently intend to pay dividends on our common stock; however, our future ability to pay dividends is subject to restrictions.
- While the Company’s common stock is currently listed on the Nasdaq Capital Market, it has less liquidity than stocks for larger companies listed on national securities exchanges.
- General risk factors
- If we are not able to continue our historical levels of growth, we may not be able to maintain our historical revenue trends.
- Scrutiny and evolving expectations from customers, regulators, investors, and other stakeholders with respect to the Company’s environmental, social and governance practices may impose additional costs on us or expose us to new or additional risks.
- We are dependent on our management team and key employees.
- The development and use of Artificial Intelligence (“AI”) presents risks and challenges that may adversely impact the Company’s business.
- We are subject to the potential adverse effects of a U.S. federal government shutdown.
Legal proceedings
In the ordinary course of our operations, the Company and its subsidiary are parties to various claims and lawsuits. Currently, we are not party to any material legal proceedings, and no such proceedings are, to management’s knowledge, threatened against us. Although the ultimate outcome of legal proceedings cannot be ascertained at this time, it is the opinion of management that the liabilities (if any) resulting from such legal proceedings will not have an adverse effect on the Company’s business, including its consolidated financial position, results of operations, or cash flows.
The opening of Item 3, Legal Proceedings.4
Sources
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- 15SEC EDGARAndrew Peden, Chief Lending Officer
- 16SEC EDGARJean Edelman, Board member
- 17SEC EDGARLim Nguonly, Board member
- 18SEC EDGARMichael A. Garcia, Board member
- 19SEC EDGARMichael T. Foster, Board member
- 20SEC EDGAROscar Leland Mahan, Board member
- 21SEC EDGARPhilip Chase, Board member
- 22SEC EDGARPhilip W. Allin, Board member
- 23SEC EDGARRonald J. Gordon, Board member
- 24SEC EDGARSubhash Garg, Board member
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- 27SEC EDGAROther events
- 28SEC EDGARRegulation FD disclosure
- 29SEC EDGARResults of operations
- 30SEC EDGAROther events
- 31SEC EDGARRegulation FD disclosure
- 32SEC EDGARShareholder vote
- 33SEC EDGARResults of operations
- 34SEC EDGAROther events
- 35SEC EDGAROther events
- 36SEC EDGARResults of operations
- 37SEC EDGAROther events
- 38NasdaqNasdaq calendar
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