Business Segments (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023
(Dollars in thousands)	Commercial Banking			Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
NET INTEREST INCOME
Interest income	$	38,553		$	415	$	5		$	—		$	38,973
Interest expense		17,853			170		547			—			18,570
Net interest income		20,700			245		(542	)		—			20,403
Provision for credit losses		20,500			—		—			—			20,500
Net interest income after provision for credit losses		200			245		(542	)		—			(97	)
NONINTEREST INCOME
Residential mortgage banking income, including MSRs		712			3,583		—			—			4,295
Gain on sale of guaranteed government loans		2,384			—		—			—			2,384
Service charges on deposit accounts		349			—		—			—			349
Increase in cash surrender value of bank owned life insurance		292			—		—			—			292
Other income		2,797			—		(282	)		(99	)		2,416
Total noninterest income		6,534			3,583		(282	)		(99	)		9,736
NONINTEREST EXPENSE
Salaries and employee benefits		12,233			2,285		—			—			14,518
Other operating expenses		15,917			1,392		2,324			(99	)		19,534
Total noninterest expense		28,150			3,677		2,324			(99	)		34,052
(Loss) income from continuing operations before income tax expense		(21,416	)		151		(3,148	)		—			(24,413	)
Income tax (benefit) expense		(4,322	)		34		(661	)		—			(4,949	)
Net (loss) income	$	(17,094	)	$	117	$	(2,487	)	$	—		$	(19,464	)
Total assets as of June 30, 2023	$	3,141,817		$	41,124	$	273,280		$	(241,797	)	$	3,214,424

	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 credit losses		7,494			—		—			—			7,494
Net interest income after provision for credit losses		16,829			244		(477	)		—			16,596
NONINTEREST INCOME
Residential mortgage banking income, including MSRs		(25	)		5,985		—			—			5,960
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 (loss) from continuing operations before income tax expense		1,980			511		(1,031	)		—			1,460
Income tax expense (benefit)		389			108		(155	)		—			342
Net income (loss) from continuing operations	$	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 six months ended June 30, 2023
(Dollars in thousands)	Commercial Banking			Mortgage Banking			Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
NET INTEREST INCOME
Interest income	$	81,295		$	720		$	11		$	—		$	82,026
Interest expense		32,855			309			1,100			—			34,264
Net interest income		48,440			411			(1,089	)		—			47,762
Provision for credit losses		24,200			—			—			—			24,200
Net interest income after provision for credit losses		24,240			411			(1,089	)		—			23,562
NONINTEREST INCOME
Residential mortgage banking income, including MSRs		642			4,956			—			—			5,598
Gain on sale of guaranteed government loans		4,793			—			—			—			4,793
Service charges on deposit accounts		692			—			—			—			692
Increase in cash surrender value of bank owned life insurance		574			—			—			—			574
Other income		5,885			—			(325	)		(198	)		5,362
Total noninterest income		12,586			4,956			(325	)		(198	)		17,019
NONINTEREST EXPENSE
Salaries and employee benefits		24,861			4,946			—			—			29,807
Other operating expenses		27,127			2,877			3,286			(198	)		33,092
Total noninterest expense		51,988			7,823			3,286			(198	)		62,899
Loss from continuing operations before income tax expense		(15,162	)		(2,456	)		(4,700	)		—			(22,318	)
Income tax benefit		(2,922	)		(549	)		(987	)		—			(4,458	)
Net loss	$	(12,240	)	$	(1,907	)	$	(3,713	)	$	—		$	(17,860	)
Total assets as of June 30, 2023	$	3,141,817		$	41,124		$	273,280		$	(241,797	)	$	3,214,424

	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 credit losses		9,994			—		—			—			9,994
Net interest income after provision for credit losses		37,966			800		(1,002	)		—			37,764
NONINTEREST INCOME
Residential mortgage banking income, including MSRs		176			15,343		—			—			15,519
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		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