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Subsequent Events (Tables)
 6 Months Ended
Jun. 30, 2024
Subsequent Event [Line Items]  
Summary of Capital and Capital Ratios of the Bank on a Pro forma Basis

The following tables present the capital ratios to which banks are subject to be adequately and well capitalized, as well as the capital for the Bank to meet these capital ratio levels, as of the dates stated. Adequately capitalized ratios include the conversation buffer, if applicable. Also presented are the minimum capital ratios set forth in the Consent Order for the Bank, and the related capital amounts for both the leverage ratio and the total capital ratio. The CECL Transitional Amount was $8.1 million, of which $4.1 million and $2.0 million reduced the regulatory capital amounts and capital ratios as of June 30, 2024 and December 31, 2023, respectively.

 

 

June 30, 2024

 

 

 

Actual

 

 

For Capital Adequacy Purposes

 

 

To Be Well Capitalized

 

 

Minimum Capital Ratios

 

(Dollars in thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total risk based capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(To risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blue Ridge Bank, N.A.

 

$

367,696

 

 

 

15.18

%

 

$

254,335

 

 

 

10.50

%

 

$

242,224

 

 

 

10.00

%

 

$

314,891

 

 

 

13.00

%

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(To risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blue Ridge Bank, N.A.

 

$

343,744

 

 

 

14.19

%

 

$

205,907

 

 

 

8.50

%

 

$

193,795

 

 

 

8.00

%

 

n/a

 

 

n/a

 

Common equity tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(To risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blue Ridge Bank, N.A.

 

$

343,744

 

 

 

14.19

%

 

$

169,571

 

 

 

7.00

%

 

$

157,458

 

 

 

6.50

%

 

n/a

 

 

n/a

 

Tier 1 leverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(To average assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blue Ridge Bank, N.A.

 

$

343,744

 

 

 

11.02

%

 

$

124,771

 

 

 

4.00

%

 

$

155,964

 

 

 

5.00

%

 

$

311,927

 

 

 

10.00

%

 

 

 

December 31, 2023

 

 

 

Actual

 

 

For Capital Adequacy Purposes

 

 

To Be Well Capitalized

 

 

Minimum Capital Ratios

 

(Dollars in thousands)

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

 

Amount

 

 

Ratio

 

Total risk based capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(To risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blue Ridge Bank, N.A.

 

$

270,293

 

 

 

10.25

%

 

$

276,842

 

 

 

10.50

%

 

$

263,659

 

 

 

10.00

%

 

$

342,757

 

 

 

13.00

%

Tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(To risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blue Ridge Bank, N.A.

 

$

239,775

 

 

 

9.09

%

 

$

224,111

 

 

 

8.50

%

 

$

210,928

 

 

 

8.00

%

 

n/a

 

 

n/a

 

Common equity tier 1 capital

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(To risk-weighted assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blue Ridge Bank, N.A.

 

$

239,775

 

 

 

9.09

%

 

$

184,562

 

 

 

7.00

%

 

$

171,379

 

 

 

6.50

%

 

n/a

 

 

n/a

 

Tier 1 leverage

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(To average assets)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Blue Ridge Bank, N.A.

 

$

239,775

 

 

 

7.49

%

 

$

128,001

 

 

 

4.00

%

 

$

160,001

 

 

 

5.00

%

 

$

320,003

 

 

 

10.00

%