Business Segments (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Summary of Segment Reporting Information by Segment

The following tables present statement of operations items and assets by segment as of the dates and for the periods stated.

	As of and for the three months ended June 30, 2022
(Dollars in thousands)	Commercial Banking			Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
NET INTEREST INCOME
Interest income	$	25,725		$	337	$	181		$	—		$	26,243
Interest expense		1,402			93		658			—			2,153
Net interest income		24,323			244		(477	)		—			24,090
Provision for loan losses		7,494			—		—			—			7,494
Net interest income after provision for loan losses		16,829			244		(477	)		—			16,596
NONINTEREST INCOME
Residential mortgage banking income, net		—			4,386		—			—			4,386
Mortgage servicing rights		(25	)		1,599		—			—			1,574
Gain on sale of guaranteed government loans		1,538			—		—			—			1,538
Service charges on deposit accounts		327			—		—			—			327
Increase in cash surrender value of bank owned life insurance		276			—		—			—			276
Other income		2,457			—		(173	)		(195	)		2,089
Total noninterest income		4,573			5,985		(173	)		(195	)		10,190
NONINTEREST EXPENSE
Salaries and employee benefits		10,916			4,957		—			—			15,873
Other operating expenses		8,506			761		381			(195	)		9,453
Total noninterest expense		19,422			5,718		381			(195	)		25,326
Income from continuing operations before income tax expense		1,980			511		(1,031	)		—			1,460
Income tax expense		389			108		(155	)		—			342
Net income from continuing operations	$	1,591		$	403	$	(876	)	$	—		$	1,118
Discontinued Operations
Income from discontinued operations before income taxes		—			—		—			—			—
Income tax expense		—			—		—			—			—
Net income from discontinued operations		—			—		—			—			—
Net income (loss)	$	1,591		$	403	$	(876	)	$	—		$	1,118
Net income from discontinued operations attributable to noncontrolling interest		—			—		—			—			—
Net income (loss) attributable to Blue Ridge Bankshares, Inc.	$	1,591		$	403	$	(876	)	$	—		$	1,118
Total assets as of June 30, 2022	$	2,712,209		$	55,335	$	316,891		$	(284,792	)	$	2,799,643

	As of and for the three months ended June 30, 2021
(Dollars in thousands)	Commercial Banking			Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
NET INTEREST INCOME
Interest income	$	32,775		$	1,010	$	27		$	—		$	33,812
Interest expense		2,425			57		868			—			3,350
Net interest income		30,350			953		(841	)		—			30,462
Provision for loan losses		—			—		—			—			—
Net interest income after provision for loan losses		30,350			953		(841	)		—			30,462
NONINTEREST INCOME
Residential mortgage banking income, net		—			7,254		—			—			7,254
Mortgage servicing rights		—			1,707		—			—			1,707
Gain on sale of guaranteed government loans		143			—		—			—			143
Service charges on deposit accounts		370			—		—			—			370
Increase in cash surrender value of bank owned life insurance		237			—		—			—			237
Other income		25,912			—		651			(62	)		26,501
Total noninterest income		26,662			8,961		651			(62	)		36,212
NONINTEREST EXPENSE
Salaries and employee benefits		10,857			6,682		—			—			17,539
Other operating expenses		9,878			2,256		655			(62	)		12,727
Total noninterest expense		20,735			8,938		655			(62	)		30,266
Income from continuing operations before income tax expense		36,277			976		(845	)		—			36,408
Income tax expense		7,662			212		(159	)		—			7,715
Net income from continuing operations	$	28,615		$	764	$	(686	)	$	—		$	28,693
Discontinued Operations												$	—
Loss from discontinued operations before income taxes		(65	)		—		—			—			(65	)
Income tax benefit		(14	)		—		—			—			(14	)
Net loss from discontinued operations		(51	)		—		—			—			(51	)
Net income (loss)	$	28,564		$	764	$	(686	)	$	—		$	28,642
Net loss from discontinued operations attributable to noncontrolling interest		4			—		—			—			4
Net income (loss) attributable to Blue Ridge Bankshares, Inc.	$	28,568		$	764	$	(686	)	$	—		$	28,646
Total assets as of June 30, 2021	$	2,577,730		$	173,581	$	313,213		$	(299,794	)	$	2,764,730

	As of and for the six months ended June 30, 2022
(Dollars in thousands)	Commercial Banking			Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
NET INTEREST INCOME
Interest income	$	50,908		$	928	$	209		$	—		$	52,045
Interest expense		2,948			128		1,211			—			4,287
Net interest income		47,960			800		(1,002	)		—			47,758
Provision for loan losses		9,994			—		—			—			9,994
Net interest income after provision for loan losses		37,966			800		(1,002	)		—			37,764
NONINTEREST INCOME
Residential mortgage banking income, net		—			7,207		—			—			7,207
Mortgage servicing rights		176			8,136		—			—			8,312
Gain on sale of guaranteed government loans		2,965			—		—			—			2,965
Service charges on deposit accounts		642			—		—			—			642
Increase in cash surrender value of bank owned life insurance		548			—		—			—			548
Other income		5,634			—		9,253			(277	)		14,610
Total noninterest income		9,965			15,343		9,253			(277	)		34,284
NONINTEREST EXPENSE
Salaries and employee benefits		20,005			9,964		—			—			29,969
Other operating expenses		15,087			2,697		539			(277	)		18,046
Total noninterest expense		35,092			12,661		539			(277	)		48,015
Income from continuing operations before income tax expense		12,839			3,482		7,712			—			24,033
Income tax expense		3,295			732		1,468			—			5,495
Net income from continuing operations	$	9,544		$	2,750	$	6,244		$	—		$	18,538
Discontinued Operations
Income from discontinued operations before income taxes (including gain on disposal of $471 thousand)		426			—		—			—			426
Income tax expense		89			—		—			—			89
Net income from discontinued operations		337			—		—			—			337
Net income	$	9,881		$	2,750	$	6,244		$	—		$	18,875
Net income from discontinued operations attributable to noncontrolling interest		(1	)		—		—			—			(1	)
Net income attributable to Blue Ridge Bankshares, Inc.	$	9,880		$	2,750	$	6,244		$	—		$	18,874
Total assets as of June 30, 2022	$	2,712,209		$	55,335	$	316,891		$	(284,792	)	$	2,799,643

	As of and for the six months ended June 30, 2021
(Dollars in thousands)	Commercial Banking			Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
NET INTEREST INCOME
Interest income	$	54,482		$	1,830	$	76		$	—		$	56,388
Interest expense		4,296			115		1,498			—			5,909
Net interest income		50,186			1,715		(1,422	)		—			50,479
Provision for loan losses		—			—		—			—			—
Net interest income after provision for loan losses		50,186			1,715		(1,422	)		—			50,479
NONINTEREST INCOME
Residential mortgage banking income, net		—			16,555		—			—			16,555
Mortgage servicing rights		—			5,078		—			—			5,078
Gain on sale of guaranteed government loans		1,217			—		—			—			1,217
Service charges on deposit accounts		697			—		—			—			697
Increase in cash surrender value of bank owned life insurance		401			—		—			—			401
Other income		27,187			—		703			(87	)		27,803
Total noninterest income		29,502			21,633		703			(87	)		51,751
NONINTEREST EXPENSE													0
Salaries and employee benefits		16,492			14,950		—			—			31,442
Other operating expenses		23,015			4,437		1,695			(87	)		29,060
Total noninterest expense		39,507			19,387		1,695			(87	)		60,502
Income from continuing operations before income tax expense		40,181			3,961		(2,414	)		—			41,728
Income tax expense		8,425			817		(450	)		—			8,792
Net income from continuing operations	$	31,756		$	3,144	$	(1,964	)	$	—		$	32,936
Discontinued Operations												$	—
Loss from discontinued operations before income taxes		(72	)		—		—			—			(72	)
Income tax benefit		(15	)		—		—			—			(15	)
Net loss from discontinued operations		(57	)		—		—			—			(57	)
Net income (loss)	$	31,699		$	3,144	$	(1,964	)	$	—		$	32,879
Net income from discontinued operations attributable to noncontrolling interest		(5	)		—		—			—			(5	)
Net income (loss) attributable to Blue Ridge Bankshares, Inc.	$	31,694		$	3,144	$	(1,964	)	$	—		$	32,874
Total assets as of June 30, 2021	$	2,577,730		$	173,581	$	313,213		$	(299,794	)	$	2,764,730