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Acquisition (Tables) - Virginia Community Bankshares, Inc [Member] | 12 Months Ended
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Dec. 31, 2019
Summary of Assets Received and Liabilities Assumed and Related Adjustments | A summary of the assets received and liabilities assumed and related adjustments are as follows:
| As Recorded by |  |  |  | As Recorded by
| Virginia Community |  |  |  | Blue Ridge
| Bankshares, Inc. |  | Adjustments |  | Bankshares, Inc.
Assets |  |  |  |  |  |  |  |  |  |
Cash and due from banks | $ | 9,678,700 |  | $ | - |  | $ | 9,678,700 |  |
Investment securities available-for-sale |  | 43,419,481 |  |  | (470,191) | (1) |  | 42,949,290 |  |
Restricted equity securities |  | 302,700 |  |  | - |  |  | 302,700 |  |
Held-for-investment loans |  | 173,871,523 |  |  | (900,020) | (2) |  | 172,971,503 |  |
Furniture, Fixtures, and equipment |  | 6,435,695 |  |  | 3,296,872 | (3) |  | 9,732,567 |  |
Other Real Estate Owned |  | 87,427 |  |  | (87,427) | (4) |  | - |  |
Accrued interest receivable |  | 864,154 |  |  | - |  |  | 864,154 |  |
Core deposit intangible |  | - |  |  | 1,690,000 | (5) |  | 1,690,000 |  |
Other assets |  | 8,069,497 |  |  | 549,976 | (6) |  | 8,619,473 |  |
Total assets acquired | $ | 242,729,177 |  | $ | 4,079,210 |  |  | 246,808,387 |  |
Liabilities |  |  |  |  |  |  |  |  |  |
Deposits |  | 217,953,153 |  |  | 118,621 | (7) |  | 218,071,774 |  |
Other liabilities |  | 1,296,520 |  |  | - |  |  | 1,296,520 |  |
Total liabilities assumed | $ | 219,249,673 |  | $ | 118,621 |  |  | 219,368,294 |  |
Net assets acquired |  |  |  |  |  |  |  | 27,440,093 |  |
Total consideration paid |  |  |  |  |  |  |  | 44,048,371 |  |
Goodwill |  |  |  |  |  |  | $ | 16,608,278 |  |
Explanation of adjustments:
(1) | Adjustment to reflect estimated fair value of security portfolio.
(2) | Adjustment to reflect estimated fair value and credit mark on loans of $(2,318,569), and elimination of VCB’s allowance for loan and lease losses of $1,418,549.
(3) | Adjustment to reflect estimated fair value of furniture, fixtures, and equipment.
(4) | Adjustment to reflect estimated fair value of OREO.
(5) | Adjustment to reflect recording of core deposit intangible.
(6) | Adjustment to reflect estimated fair value of other assets and the recording of deferred taxes related to acquisition.
(7) | Adjustment to reflect estimated fair value of deposits.
Summary of Consideration Paid | A summary of the consideration paid is as follows:
Common stock issued (1,312,919 shares) | $ | 27,401,831 |
Cash payments to common shareholders |  | 16,646,540 |
Total consideration paid | $ | 44,048,371 |

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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