Business Segments (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Summary of Segment Reporting Information by Segment

The following tables present revenues and expenses by segment for the periods stated.

	For the three months ended September 30, 2021
(Dollars in thousands)	Commercial Banking		Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
Revenues:
Interest income	$	23,019	$	706	$	29		$	—		$	23,754
Residential mortgage banking income, net		—		7,704		—			—			7,704
Mortgage servicing rights		—		1,827		—			—			1,827
Gain on sale of guaranteed government loans		108		—		—			—			108
Wealth and trust management		499		—		—			—			499
Service charges on deposit accounts		376		—		—			—			376
Increase in cash surrender value of bank owned life insurance		278		—		—			—			278
Payroll processing revenue		223		—		—			—			223
Bank and purchase card, net		497		—		—			—			497
Other income		979		—		1,075			(48	)		2,006
Total income		25,979		10,237		1,104			(48	)		37,272
Expenses:
Interest expense		1,913		73		644			—			2,630
Provision for loan losses		—		—		—			—			—
Salaries and employee benefits		7,417		7,357		—			—			14,774
Merger-related		216		—		1,225			—			1,441
Other		8,563		693		214			(48	)		9,422
Total expense		18,109		8,123		2,083			(48	)		28,267
Income (loss) before income taxes		7,870		2,114		(979	)		—			9,005
Income tax expense (benefit)		1,943		421		(165	)		—			2,199
Net income (loss)	$	5,927	$	1,693	$	(814	)	$	—		$	6,806
Net loss attributable to noncontrolling interest		4		—		—			—			4
Net income (loss) attributable to Blue Ridge Bankshares, Inc.	$	5,931	$	1,693	$	(814	)	$	—		$	6,810

	For the three months ended September 30, 2020
(Dollars in thousands)	Commercial Banking		Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
Revenues:
Interest income	$	13,495	$	917	$	32		$	—		$	14,444
Residential mortgage banking income, net		—		14,400		—			—			14,400
Mortgage servicing rights		—		1,645		—			—			1,645
Gain on sale of guaranteed government loans		516		—		—			—			516
Service charges on deposit accounts		215		—		—			—			215
Increase in cash surrender value of bank owned life insurance		94		—		—			—			94
Payroll processing		221		—		—			—			221
Bank and purchase card, net		211		—		—			—			211
Other		317		—		—			(6	)		311
Total income		15,069		16,962		32			(6	)		32,057
Expenses:
Interest expense		2,132		72		411			—			2,615
Provision for loan losses		4,000		—		—			—			4,000
Salaries and employee benefits		3,425		8,455		—			—			11,880
Merger-related		19		—		1,245			—			1,264
Other		3,348		2,133		57			(6	)		5,532
Total expense		12,924		10,660		1,713			(6	)		25,291
Income (loss) before income taxes		2,145		6,302		(1,681	)		—			6,766
Income tax expense (benefit)		523		1,276		(92	)		—			1,707
Net income (loss)	$	1,622	$	5,026	$	(1,589	)	$	—		$	5,059
Net loss attributable to noncontrolling interest		4		—		—			—			4
Net income (loss) attributable to Blue Ridge Bankshares, Inc.	$	1,626	$	5,026	$	(1,589	)	$	—		$	5,063

	For the nine months ended September 30, 2021
(Dollars in thousands)	Commercial Banking			Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
Revenues:
Interest income	$	77,501		$	2,536	$	105		$	—		$	80,142
Gain on sale of Paycheck Protection Program loans		24,315			—		—			—			24,315
Residential mortgage banking income, net		—			24,259		—			—			24,259
Mortgage servicing rights		—			6,905		—			—			6,905
Gain on sale of guaranteed government loans		1,325			—		—			—			1,325
Wealth and trust management		1,934			—		—			—			1,934
Service charges on deposit accounts		1,073			—		—			—			1,073
Increase in cash surrender value of bank owned life insurance		679			—		—			—			679
Payroll processing		706			—		—			—			706
Bank and purchase card, net		1,096			—		—			—			1,096
Other		1,817			—		1,778			(135	)		3,460
Total income		110,446			33,700		1,883			(135	)		145,894
Expenses:
Interest expense		6,209			188		2,142			—			8,539
Provision for loan losses		—			—		—			—			—
Salaries and employee benefits		24,118			22,307		—			—			46,425
Merger-related		9,350			—		2,347			—			11,697
Other		22,793			5,130		787			(135	)		28,575
Total expense		62,470			27,625		5,276			(135	)		95,236
Income (loss) before income taxes		47,976			6,075		(3,393	)		—			50,658
Income tax expense (benefit)		10,350			1,238		(615	)		—			10,973
Net income (loss)	$	37,626		$	4,837	$	(2,778	)	$	—		$	39,685
Net income attributable to noncontrolling interest		(1	)		—		—			—			(1	)
Net income (loss) attributable to Blue Ridge Bankshares, Inc.	$	37,625		$	4,837	$	(2,778	)	$	—		$	39,684

	For the nine months ended September 30, 2020
(Dollars in thousands)	Commercial Banking			Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
Revenues:
Interest income	$	35,985		$	2,012	$	37		$	—		$	38,034
Residential mortgage banking income, net		—			31,969		—			—			31,969
Mortgage servicing rights		—			3,241		—			—			3,241
Gain on sale of guaranteed government loans		779			—		—			—			779
Service charges on deposit accounts		669			—		—			—			669
Increase in cash surrender value of bank owned life insurance		278			—		—			—			278
Payroll processing		736			—		—			—			736
Bank and purchase card, net		483			—		—			—			483
Other		669			—		—			(18	)		651
Total income		39,599			37,222		37			(18	)		76,840
Expenses:
Interest expense		6,440			243		854			—			7,537
Provision for loan losses		8,075			—		—			—			8,075
Salaries and employee benefits		9,665			20,221		—			—			29,886
Merger-related		405			—		1,305			—			1,710
Other		8,549			4,914		452			(18	)		13,897
Total expense		33,134			25,378		2,611			(18	)		61,105
Income (loss) before income taxes		6,465			11,844		(2,574	)		—			15,735
Income tax expense (benefit)		1,445			2,440		(267	)		—			3,618
Net income (loss)	$	5,020		$	9,404	$	(2,307	)	$	—		$	12,117
Net income attributable to noncontrolling interest		(1	)		—		—			—			(1	)
Net income (loss) attributable to Blue Ridge Bankshares, Inc.	$	5,019		$	9,404	$	(2,307	)	$	—		$	12,116