The bank maintains a stable capital cushion with an equity-to-assets ratio of 0.11, supported by a $2.1 billion investment securities portfolio that anchors the $2.4 billion total asset base.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Cash & Short Term Investments | 702.7M | 147.25M | 143.27M | 269M | 419.18M | 345.1M | 290.36M | 217.22M | 162.62M | 92.83M | 102.93M | 87.1M | 42.07M | 77.92M | 4.33M |
| Cash & Due from Banks | 9.13M | 129.97M | 122.47M | 99M | 61.6M | 105.8M | 138.46M | 94.49M | 101.57M | 38.13M | 54.62M | 54.95M | 28.59M | 29.18M | 4.33M |
| Short Term Investments | 126.17M | 17.28M | 20.8M | 169.99M | 357.58M | 239.3M | 151.9M | 122.73M | 61.05M | 54.7M | 48.31M | 32.15M | 13.48M | 48.74M | 0 |
| Total Investments | 2.06B | 2.17B | 2.09B | 2.11B | 2.23B | 1.99B | 1.7B | 1.44B | 1.25B | 1.09B | 978.61M | 853.26M | 740.19M | 617.94M | 0 |
| Investments Growth % | 5.62% | 3.72% | -0.76% | -5.37% | 11.81% | 17.35% | 18.11% | 15.12% | 14.15% | 11.81% | 14.69% | 15.27% | 19.78% | - | - |
| Long-Term Investments | 8.05B | 2.15B | 2.07B | 1.94B | 1.87B | 1.75B | 1.55B | 1.32B | 1.19B | 1.04B | 930.29M | 821.11M | 726.71M | 569.2M | 0 |
| Accounts Receivables | 6.07M | 5.89M | 6M | 6.11M | 5.53M | 4.94M | 5.31M | 4.01M | 3.62M | 3.26M | 2.99M | 2.32M | 2.17M | 1.89M | 0 |
| Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 5.48M | 5.87M | 6.33M | 5.46M | 5.83M | 6.53M | 8.37M | 9.57M | 2.85M | 2.48M | 2.47M | 2.69M | 3.04M | 3.11M | 2.41M |
| Other Assets | 340.12M | 20.15M | 7.4M | 23.26M | 46.87M | 38.92M | 34.99M | 35.88M | 37.5M | 36.94M | 36.68M | 15.4M | 12.85M | 10.42M | 0 |
| Total Current Assets | 15.2M | 153.14M | 149.26M | 275.11M | 424.71M | 350.04M | 295.67M | 221.23M | 166.25M | 96.09M | 105.92M | 89.42M | 44.23M | 79.81M | 4.33M |
| Total Non-Current Assets | 2.34B | 2.18B | 2.09B | 1.97B | 1.92B | 1.8B | 1.59B | 1.36B | 1.23B | 1.08B | 969.44M | 839.2M | 742.6M | 582.73M | 2.41M |
| Total Assets | 2.35B | 2.33B | 2.23B | 2.24B | 2.35B | 2.15B | 1.89B | 1.58B | 1.39B | 1.18B | 1.08B | 928.62M | 786.84M | 662.54M | 563.39M |
| Asset Growth % | 10.01% | 4.37% | -0.34% | -4.5% | 9.26% | 13.99% | 19.19% | 13.43% | 18.69% | 9.27% | 15.8% | 18.02% | 18.76% | 17.6% | - |
| Return on Assets (ROA) | 0.97% | 0.93% | 0.76% | 0.22% | 1.41% | 1.26% | 1.07% | 1.07% | 0.95% | 0.8% | 0.83% | 1.03% | 1.11% | 1.16% | 0.89% |
| Accounts Payable | 1.99M | 2.12M | 2.39M | 4.56M | 1.03M | 843K | 877K | 1.11M | 1.24M | 996K | 220K | 109K | 132K | 132K | 0 |
| Total Debt | 85.44M | 90.51M | 86.16M | 39.15M | 54.98M | 47.91M | 52.89M | 106.1M | 108.08M | 143.03M | 118.21M | 82.97M | 64.4M | 52.3M | 0 |
| Net Debt | 76.31M | -39.46M | -36.31M | -59.85M | -6.62M | -57.89M | -85.57M | 11.61M | 6.51M | 104.9M | 63.59M | 28.02M | 35.82M | 23.13M | -4.33M |
| Long-Term Debt | 80.9M | 80.88M | 80.79M | 24.71M | 24.62M | 42.73M | 46.68M | 86.63M | 93.08M | 133.03M | 104M | 71M | 52M | 39M | 38M |
| Short-Term Debt | 4.54M | 4.82M | 0 | 10M | 25.5M | 0 | 0 | 12M | 15M | 10M | 14.21M | 11.97M | 12.4M | 13.3M | 0 |
| Other Liabilities | 2B | 6.81M | 7.36M | 62.32M | 11.68M | 10.53M | 5.53M | 3.99M | 4.91M | 5.19M | 5.05M | 5.28M | 4.91M | 4.38M | 0 |
| Total Current Liabilities | 4.54M | 1.3M | 1.89B | 1.92B | 2.09B | 1.88B | 1.64B | 1.32B | 1.15B | 907.94M | 847.51M | 743.04M | 630.28M | 528.5M | 128K |
| Total Non-Current Liabilities | 2.08B | 92.5M | 93.52M | 91.48M | 41.16M | 58.44M | 58.42M | 98.09M | 97.99M | 138.22M | 109.05M | 76.28M | 56.91M | 43.38M | 38M |
| Total Liabilities | 2.08B | 2.07B | 1.99B | 2.01B | 2.14B | 1.94B | 1.7B | 1.42B | 1.25B | 1.05B | 956.56M | 819.32M | 687.19M | 571.87M | 510.32M |
| Total Equity | 268.15M | 265.64M | 246.61M | 229.91M | 212.8M | 208.47M | 186.08M | 161.98M | 142.02M | 128.87M | 118.8M | 109.3M | 99.65M | 90.67M | 53.06M |
| Equity Growth % | 28.35% | 7.71% | 7.26% | 8.04% | 2.08% | 12.03% | 14.88% | 14.06% | 10.21% | 8.48% | 8.69% | 9.69% | 9.91% | 70.87% | - |
| Equity / Assets (Capital Ratio) | 11.4% | 11.39% | 11.03% | 10.25% | 9.06% | 9.7% | 9.87% | 10.24% | 10.18% | 10.97% | 11.05% | 11.77% | 12.66% | 13.68% | 9.42% |
| Return on Equity (ROE) | 8.6% | 8.29% | 7.19% | 2.33% | 15.1% | 12.91% | 10.65% | 10.47% | 8.99% | 7.26% | 7.28% | 8.49% | 8.43% | 9.86% | 9.45% |
| Book Value per Share | 18.98 | 18.71 | 17.34 | 16.25 | 15.11 | 15.02 | 13.62 | 11.93 | 10.49 | 9.56 | 9.26 | 8.52 | 7.77 | 7.07 | 6.01 |
| Tangible BV per Share | 18.98 | 18.71 | 17.34 | 16.25 | 15.11 | 15.02 | 13.62 | 11.93 | 10.49 | 9.56 | 9.26 | 8.52 | 7.77 | 7.07 | 6.01 |
| Common Stock | 140K | 141K | 142K | 141K | 141K | 137K | 135K | 131K | 128K | 127K | 50.69M | 50.08M | 41.52M | 41.43M | 23.54M |
| Additional Paid-in Capital | 93.8M | 95.7M | 97.17M | 95.64M | 94.73M | 91.11M | 90M | 87.44M | 85.13M | 83.87M | 32.11M | 31.31M | 39.02M | 38.6M | 0 |
| Retained Earnings | 181.74M | 176.91M | 159.95M | 146.39M | 146.63M | 117.63M | 92.17M | 73.64M | 57.72M | 45.54M | 36.45M | 28.15M | 19.29M | 11.27M | 4.18M |
| Accumulated OCI | -7.53M | -7.12M | -10.65M | -12.25M | -28.7M | -400K | 3.79M | 777K | -955K | -671K | -457K | -247K | -187K | -638K | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CRE Concentration Exposure
According to quarterly balance sheet data, JMSB's total assets grew from $2.2 billion in 2023Q4 to $2.4 billion in 2026Q1, a trend largely supported by a substantial $2.1 billion investment securities portfolio that appears to anchor the bank's asset base against more volatile loan growth.
The bank's asset composition suggests a conservative posture, prioritizing liquid securities over aggressive loan expansion. This strategy likely serves as a buffer, though it may limit the potential for net interest margin expansion in a high-rate environment.
Based on reported financial statements, JMSB has maintained a consistent equity-to-assets ratio of approximately 0.11 over the last ten quarters, indicating a stable capital cushion that provides management with the necessary flexibility to absorb potential credit shocks within its concentrated commercial real estate portfolio.
This steady capital ratio suggests a disciplined approach to balance sheet management, avoiding excessive leverage. Investors should monitor whether this capital level remains sufficient if regulatory requirements for CRE-heavy institutions tighten in the coming periods.
As indicated by recent balance sheet filings, cash and cash equivalents fluctuated significantly from a low of $9.1 million in 2026Q1 to a peak of $182.6 million in 2024Q2, reflecting a dynamic approach to managing short-term liquidity needs in a competitive Northern Virginia market.
The volatility in cash balances suggests that the bank relies heavily on active treasury management to navigate funding cycles. This variability warrants further investigation into the bank's contingent funding sources and its ability to maintain liquidity during periods of deposit outflows.
Data from recent regulatory filings shows a transition from net reversals of loan loss provisions in early 2024 to a $624,000 provision expense by 2025Q4, which suggests that management is increasingly accounting for potential credit deterioration within its commercial-centric loan book.
The shift toward positive provisioning indicates that the bank is proactively addressing the risks associated with its CRE exposure. This trend implies that future earnings may face continued pressure from higher credit costs as the economic outlook for the D.C. office market remains uncertain.
Quick answers to the most common questions about buying JMSB stock.
As of 2025, John Marshall Bancorp, Inc. (JMSB) had total assets of $2.33B including $153.1M in current assets.
John Marshall Bancorp, Inc. (JMSB) carries total debt of $90.5M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
John Marshall Bancorp, Inc. (JMSB) has total shareholders' equity (book value) of $265.6M ($18.71 book value per share). Book value represents the net worth of the company belonging to common stock holders.
John Marshall Bancorp, Inc. (JMSB) reported a current ratio of 117.53x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.