Business Segments (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024
(Dollars in thousands)	Commercial Banking			Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
NET INTEREST INCOME
Interest income	$	40,179		$	452	$	—		$	—		$	40,631
Interest expense		19,775			219		552			—			20,546
Net interest income		20,404			233		(552	)		—			20,085
Provision for credit losses		3,100			—		—			—			3,100
Net interest income after provision for credit losses		17,304			233		(552	)		—			16,985
NONINTEREST INCOME
Fair value adjustments of other equity investments		—			—		(8,537	)		—			(8,537	)
Residential mortgage banking income		—			3,090		—			—			3,090
Mortgage servicing rights		—			2,019		—			—			2,019
Gain on sale of guaranteed government loans		11			—		—			—			11
Other income		3,818			—		—			(93	)		3,725
Total noninterest income		3,829			5,109		(8,537	)		(93	)		308
NONINTEREST EXPENSE
Salaries and employee benefits		13,582			1,339		11			—			14,932
Regulatory remediation		1,397			—		—			—			1,397
Other expenses		11,733			1,182		193			(93	)		13,015
Total noninterest expense		26,712			2,521		204			(93	)		29,344
(Loss) income before income tax expense		(5,579	)		2,821		(9,293	)		—			(12,051	)
Income tax (benefit) expense		758			575		(1,949	)		—			(616	)
Net (loss) income	$	(6,337	)	$	2,246	$	(7,344	)	$	—		$	(11,435	)
Total assets as of June 30, 2024	$	2,883,732		$	41,433	$	372,515		$	(364,608	)	$	2,933,072

	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	$	42,040		$	415	$	5		$	—		$	42,460
Interest expense		17,853			170		547			—			18,570
Net interest income		24,187			245		(542	)		—			23,890
Provision for credit losses		10,013			—		—			—			10,013
Net interest income after provision for credit losses		14,174			245		(542	)		—			13,877
NONINTEREST INCOME
Fair value adjustments of other equity investments		—			—		(281	)		—			(281	)
Residential mortgage banking income		—			3,145		—			—			3,145
Mortgage servicing rights		—			1,150		—			—			1,150
Gain on sale of guaranteed government loans		2,384			—		—			—			2,384
Other income		3,438			—		(1	)		(99	)		3,338
Total noninterest income		5,822			4,295		(282	)		(99	)		9,736
NONINTEREST EXPENSE
Salaries and employee benefits		12,233			2,285		—			—			14,518
Regulatory remediation		2,388			—		—			—			2,388
Other expenses		13,529			1,392		2,324			(99	)		17,146
Total noninterest expense		28,150			3,677		2,324			(99	)		34,052
(Loss) income before income tax expense		(8,154	)		863		(3,148	)		—			(10,439	)
Income tax (benefit) expense		(1,199	)		34		(661	)		—			(1,826	)
Net (loss) income	$	(6,955	)	$	829	$	(2,487	)	$	—		$	(8,613	)
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, 2024
(Dollars in thousands)	Commercial Banking			Mortgage Banking		Parent Only			Eliminations			Blue Ridge Bankshares, Inc. Consolidated
NET INTEREST INCOME
Interest income	$	82,378		$	784	$	—		$	—		$	83,162
Interest expense		41,251			365		1,112			—			42,728
Net interest income		41,127			419		(1,112	)		—			40,434
Provision for credit losses		2,100			—		—			—			2,100
Net interest income after provision for loan losses		39,027			419		(1,112	)		—			38,334
NONINTEREST INCOME
Fair value adjustments of other equity investments		—			—		(8,544	)		—			(8,544	)
Residential mortgage banking income		—			5,754		—			—			5,754
Mortgage servicing rights		—			2,748		—			—			2,748
Gain on sale of guaranteed government loans		121			—		—			—			121
Other income		8,229			—		17			(192	)		8,054
Total noninterest income		8,350			8,502		(8,527	)		(192	)		8,133
NONINTEREST EXPENSE
Salaries and employee benefits		27,750			3,183		44			—			30,977
Regulatory remediation		4,041			—		—			—			4,041
Other expenses		24,136			2,394		462			(192	)		26,800
Total noninterest expense		55,927			5,577		506			(192	)		61,818
(Loss) income before income tax expense		(8,550	)		3,344		(10,145	)		—			(15,351	)
Income tax expense (benefit)		437			661		(2,121	)		—			(1,023	)
Net (loss) income	$	(8,987	)	$	2,683	$	(8,024	)	$	—		$	(14,328	)
Total assets as of June 30, 2024	$	2,883,732		$	41,433	$	372,515		$	(364,608	)	$	2,933,072

	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	$	82,619	$	720		$	11		$	—		$	83,350
Interest expense		32,855		309			1,100			—			34,264
Net interest income		49,764		411			(1,089	)		—			49,086
Provision for credit losses		8,503		—			—			—			8,503
Net interest income after provision for credit losses		41,261		411			(1,089	)		—			40,583
NONINTEREST INCOME
Fair value adjustments of other equity investments		—		—			(332	)		—			(332	)
Residential mortgage banking income		—		6,344			—			—			6,344
Mortgage servicing rights		—		(746	)		—			—			(746	)
Gain on sale of guaranteed government loans		4,793		—			—			—			4,793
Other income		7,151		—			7			(198	)		6,960
Total noninterest income		11,944		5,598			(325	)		(198	)		17,019
NONINTEREST EXPENSE
Salaries and employee benefits		24,861		4,946			—			—			29,807
Regulatory remediation		3,522		—			—			—			3,522
Other expenses		23,605		2,877			3,286			(198	)		29,570
Total noninterest expense		51,988		7,823			3,286			(198	)		62,899
Income (loss) before income tax expense		1,217		(1,814	)		(4,700	)		—			(5,297	)
Income tax expense (benefit)		882		(549	)		(987	)		—			(654	)
Net income (loss)	$	335	$	(1,265	)	$	(3,713	)	$	—		$	(4,643	)
Total assets as of June 30, 2023	$	3,141,817	$	41,124		$	273,280		$	(241,797	)	$	3,214,424