XML 123 R38.htm IDEA: XBRL DOCUMENT v3.20.1

Loans and Allowance for Loan Losses (Tables)

12 Months Ended

Dec. 31, 2019

Summary of Loans Held for Investment

Loans held for investment outstanding at December 31, 2019 and December 31, 2018 are summarized as follows:

(Dollars in thousands)		December 31, 2019					December 31, 2018
Commercial and industrial		$	77,282				$	49,076
Agricultural			446					216
Real estate – construction, commercial			38,039					14,666
Real estate – construction, residential			26,778					15,102
Real estate – mortgage, commercial			251,824					150,513
Real estate – mortgage, residential			208,494					149,856
Real estate – mortgage, farmland			5,507					4,179
Consumer installment loans			39,202					31,979
Gross loans			647,572					415,587
Less: Unearned income			(738	)				(719	)
Total		$	646,834				$	414,868

Summary of Acquired Loans Included in Consolidated Statement of Condition

The outstanding principal balance and related carrying amount of these acquired loans included in the consolidated statement of condition as of December 31, 2019 is as follows:

(Dollars in thousands)		December 31, 2019
Purchased credit impaired acquired VCB loans evaluated individually for future credit losses
Outstanding principal balance		$	1,504
Carrying amount			1,315
Other acquired VCB loans
Outstanding principal balance			172,279
Carrying amount			170,151
Total acquired VCB loans
Outstanding principal balance			173,783
Carrying amount			171,466

Summary of Financing Receivable, Past Due

The following table presents the aging of the recorded investment of past due loans as of December 31, 2019 and December 31, 2018: 

		December 31, 2019
(Dollars in thousands)		30-59 Days Past Due				60-89 Days Past Due				Greater than 90 Days Past Due & Accruing				Nonaccrual				Total Past Due & Nonaccrual				Current Loans				Total Loans
Commercial and industrial		$	1,652			$	—			$	—			$	441			$	2,093			$	75,189			$	77,282
Real estate – construction, commercial			820			—				—					929				1,749				36,290				38,039
Real estate – construction, residential			241			—				—				—					241				26,537				26,778
Real estate – mortgage, commercial			3,194			—				—					1,931				5,125				246,699				251,824
Real estate – mortgage, residential			319				217				369				713				1,618				206,876				208,494
Agricultural & Farmland		—				—				—				—				—					5,953				5,953
Consumer installment loans			894				408			—					776				2,078				37,124				39,202
Less: Unearned income		—				—				—				—				—					(738	)			(738	)
		$	7,120			$	625			$	369			$	4,790			$	12,904			$	633,930			$	646,834

		December 31, 2018
(Dollars in thousands)		30-59 Days Past Due				60-89 Days Past Due				Greater than 90 Days Past Due & Accruing				Nonaccrual				Total Past Due & Nonaccrual				Current Loans				Total Loans
Commercial and industrial		$	280			$	29			$	—			$	312			$	621			$	48,455			$	49,076
Real estate – construction, commercial		—				—				—					979				979				13,687				14,666
Real estate – construction, residential		—				—					231			—					231				14,871				15,102
Real estate – mortgage, commercial			218				441				430				2,441				3,530				146,983				150,513
Real estate – mortgage, residential			760				7				1,079				1,441				3,287				146,569				149,856
Agricultural & Farmland			123			—					309			—					432				3,963				4,395
Consumer installment loans			1,017				408				4				357				1,786				30,193				31,979
Less: Unearned income		—				—				—				—				—					(719	)			(719	)
		$	2,398			$	885			$	2,053			$	5,530			$	10,866			$	404,002			$	414,868

Summary of Allowance for Loans Losses

A summary of changes in the allowance for loans losses for December 31, 2019 and December 31, 2018 is as follows:

(Dollars in thousands)		December 31, 2019				December 31, 2018
Allowance, beginning of period		$	3,580			$	2,802
Charge-Offs
Commercial and industrial		$	(43	)		$	(5	)
Real estate, mortgage			(4	)			(13	)
Consumer and other loans			(914	)			(545	)
Total charge-offs			(961	)			(563	)
Recoveries
Real estate, mortgage			6				12
Consumer and other loans			205				104
Total recoveries			211				116
Net charge-offs (recoveries)			(750	)			(447	)
Provision for loan losses			1,742				1,225
Allowance, end of period		$	4,572			$	3,580

Summary of Primary Segments of ALLL, Loans Individually and Collectively Evaluated for Impairment

The following tables summarize the primary segments of the ALLL, segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of December 31, 2019 and 2018.

		December 31, 2019
(Dollars in thousands)		Commercial and Industrial				Real Estate- Construction Commercial				Real Estate- Construction Residential				Real Estate- Mortgage Commercial				Real Estate- Mortgage Residential				Agricultural & Farmland				Consumer Installment Loans				Total
ALLL Balance    December 31, 2018		$	572			$	112			$	56				1,180			$	434			$	13			$	1,213			$	3,580
Charge-offs			(43	)		—				—					(3	)			(1	)		—					(914	)			(961	)
Recoveries		—				—				—				—					6			—					205				211
Provision			312				108				4				427				71			(4		)		824					1,742
ALLL Balance    December 31, 2019		$	841			$	220			$	60			$	1,604			$	509			$	9			$	1,329			$	4,572
Individually evaluated    for impairment			143			—				—					98			—				—				—					241
Collectively evaluated    for impairment		$	698			$	220			$	60			$	1,506			$	509			$	9			$	1,330			$	4,331

		December 31, 2018
(Dollars in thousands)		Commercial and Industrial				Real Estate- Construction Commercial				Real Estate- Construction Residential				Real Estate- Mortgage Commercial				Real Estate- Mortgage Residential				Agricultural & Farmland				Consumer Installment Loans				Total
ALLL Balance    December 31, 2017		$	494			$	93			$	36				809			$	405			$	13			$	952			$	2,802
Charge-offs			(5	)		—				—					—				(13	)		—					(545	)			(563	)
Recoveries		—				—				—				12					—			—					104				116
Provision			83				19				20				359				42			—				702					1,225
ALLL Balance    December 31, 2018		$	572			$	112			$	56			$	1,180			$	434			$	13			$	1,213			$	3,580
Individually evaluated    for impairment			—			—				—					—			—				—				—					—
Collectively evaluated    for impairment		$	572			$	112			$	56			$	1,180			$	434			$	13			$	1,213			$	3,580

Summary of Loan Portfolio Individually and Collectively Evaluated for Impairment

A summary of the loan portfolio individually and collectively evaluated for impairment (in thousands) for December 31, 2019 and December 31, 2018 is as follows:

(Dollars in thousands)		Individually Evaluated for Impairment					Collectively Evaluated for Impairment				Total
December 31,  2019
Commercial and industrial		$	280					$	77,002		$	77,282
Agricultural			—						446			446
Real Estate – construction, commercial			—						38,039			38,039
Real Estate – construction, residential			—						26,778			26,778
Real Estate – mortgage, commercial			733						251,091			251,824
Real Estate – mortgage, residential			395						208,099			208,494
Real Estate – mortgage, farmland			—						5,507			5,507
Consumer installment loans			—						39,202			39,202
Gross loans			1,408						646,164			647,572
Less:  Unearned income			—						(738)			(738)
Total		$	1,408					$	645,426		$	646,834

(Dollars in thousands)		Individually Evaluated for Impairment					Collectively Evaluated for Impairment				Total
December 31, 2018
Commercial and industrial		$	—					$	49,076		$	49,076
Agricultural			—						216			216
Real Estate – construction, commercial			—						14,666			14,666
Real Estate – construction, residential			—						15,102			15,102
Real Estate – mortgage, commercial			1,258						149,255			150,513
Real Estate – mortgage residential			688						149,168			149,856
Real Estate – mortgage, farmland			—						4,179			4,179
Consumer installment loans			—						31,979			31,979
Gross loans			1,946						413,641			415,587
Less:  Unearned income			—						(719)			(719)
Total		$	1,946					$	412,922		$	414,868

Summary of Impaired Financing Receivables

The following table presents information related to impaired loans, by portfolio segment, at the dates presented.

		December 31, 2019
(Dollars in thousands)		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no specific allowance recorded:
Real estate – mortgage, residential		$	395			$	395			$	—			$	527			$	7
With an allowance recorded:
Commercial and industrial			280				280				143				286				2
Real estate – mortgage, commercial			733				733				98				734				5
		$	1,408			$	1,408			$	241			$	1,547			$	14

		December 31, 2018
(Dollars in thousands)		Recorded Investment				Unpaid Principal Balance				Related Allowance				Average Recorded Investment				Interest Income Recognized
With no specific allowance recorded:
Real estate – mortgage, residential		$	1,946			$	1,946			$	—			$	2,067			$	64
With an allowance recorded:			—				—				—				—				—
		$	1,946			$	1,946			$	—			$	2,067			$	64

Summary of Purchased Loans

The following table presents the recorded investment in the segments of the River Bancorp, Inc. purchased loans as of December 31, 2019 and December 31, 2018:

(Dollars in thousands)			December 31, 2019			December 31, 2018
Real Estate
Construction loans and all land development and other land loans		$	1,397		$	1,522
Secured by farmland			—			319
Revolving, open-end loans secured by 1-4 family residential    properties and extended under lines of credit			2,709			3,376
Secured by first liens			6,971			10,448
Secured by junior liens			394			505
Secured by multifamily (5 or more) residential properties			63			250
Loans secured by owner-occupied, nonfarm nonresidential    properties			4,459			7,344
Loans secured by other nonfarm nonresidential properties			2,322			6,239
Commercial and Industrial			1,272			4,457
Other revolving credit plans			26			89
Automobile loans			10			30
Other consumer loans			63			93
Total		$	19,686		$	34,672

Summary of Accounts Notes Loans and Financing Receivable

The following table shows the Company’s loan portfolio broken down by internal loan grade as of December 31, 2019 and December 31, 2018:

		December 31, 2019
(Dollars in thousands)		Grade 1 Prime				Grade 2 Desirable				Grade 3 Good				Grade 4 Acceptable				Grade 5 Pass/Watch				Grade 6 Special Mention				Grade 7 Substandard				Total
Commercial and industrial		$	1,509			$	924			$	35,012			$	37,298			$	568			$	1,488			$	483			$	77,282
Agricultural		—				118				168				160				—				—				—				446
Real Estate – construction, commercial		—					1,454				24,667				10,850			102				—				966					38,039
Real Estate – construction, residential		—				139					9,355				14,331				2,953			—				—					26,778
Real Estate – mortgage, commercial		—					4,971				118,488				114,598				9,273				1,935				2,559				251,824
Real Estate – mortgage residential		—					4,611				100,665				98,116				3,470			130					1,502				208,494
Real Estate – mortgage, farmland			1,467			134					1,736				2,170			—				—				—					5,507
Consumer installment loans		293				72					17,872			20,067				116				—				782					39,202
Gross loans			3,269				12,423				307,963				297,590				16,482				3,553				6,292				647,572
Less:  Unearned income																														738
Total																														$	646,834

		December 31, 2018
(Dollars in thousands)		Grade 1 Prime				Grade 2 Desirable				Grade 3 Good				Grade 4 Acceptable				Grade 5 Pass/Watch				Grade 6 Special Mention				Grade 7 Substandard				Total
Commercial and industrial						$	2,660			$	21,009			$	24,254			$	797			$	—			$	312			$	49,076
Agricultural		9				99				105				3				—				—				—				216
Real Estate – construction, commercial		—				485					7,118				5,937			106				—					1,020				14,666
Real Estate – construction, residential		—				—					4,305				5,059				5,738			—				—					15,102
Real Estate – mortgage, commercial		—					1,920				82,097				53,487				8,470				1,668				2,871				150,513
Real Estate – mortgage residential		—					3,647				76,496				63,397				3,805			522					1,989				149,856
Real Estate – mortgage, farmland			1,700			100					1,340			730				—				—				309					4,179
Consumer installment loans		213				29					16,174				15,081			123				—				359					31,979
Gross loans			1,966				8,940				208,644				167,948				19,039				2,190				6,860				415,587
Less:  Unearned income																														719
Total																														$	414,868

Virginia Community Bankshares, Inc [Member]

Summary of Changes in Accretable Yield on Purchased Credit Impaired Loans

The following table presents changes for the year ended December 31, 2019 in the accretable yield on the VCB purchased credit impaired loans for which the Company applies ASC 310-30:

(Dollars in thousands)		December 31, 2019
Balance at January 1, 2019		$	—
Accretable yield at acquisition date			190
Accretion			(3	)
Other changes, net			1
Balance at December 31, 2019		$	188

X

- Definition

Schedule of allowance for loan losses individually and collectively evaluated for impairment.

+ References

No definition available.

+ Details

Name:	brbs_ScheduleOfAllowanceForLoanLossesIndividuallyAndCollectivelyEvaluatedForImpairmentTableTextBlock
Namespace Prefix:	brbs_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of loans and leases receivable method of impairment evaluation.

+ References

No definition available.

+ Details

Name:	brbs_ScheduleOfLoansAndLeasesReceivableMethodOfImpairmentEvaluationTableTextBlock
Namespace Prefix:	brbs_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Schedule of purchased finance receivables recorded investments.

+ References

No definition available.

+ Details

Name:	brbs_ScheduleOfPurchasedFinanceReceivablesRecordedInvestmentsTableTextBlock
Namespace Prefix:	brbs_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Summary of accounts, notes loans and financing receivable.

+ References

No definition available.

+ Details

Name:	brbs_SummaryOfAccountsNotesLoansAndFinancingReceivableTableTextBlock
Namespace Prefix:	brbs_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Summary of changes in accretable yield on purchased credit impaired loans.

+ References

No definition available.

+ Details

Name:	brbs_SummaryOfChangesInAccretableYieldOnPurchasedCreditImpairedLoansTableTextBlock
Namespace Prefix:	brbs_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of allowance for credit loss on financing receivable.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 11B
-URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953423-111524

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919249-210447

+ Details

Name:	us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation of contractual cash flows to the carrying amount relating to certain loans acquired in a transfer.

+ References

No definition available.

+ Details

Name:	us-gaap_CertainLoansAcquiredInTransferNotAccountedForAsDebtSecuritiesAcquiredDuringPeriodTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of impaired financing receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=118936363&loc=d3e5212-111524

+ Details

Name:	us-gaap_ImpairedFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of aging analysis for financing receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 50
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=119407570&loc=SL82919253-210447

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7A
-URI http://asc.fasb.org/extlink&oid=118936363&loc=SL6953401-111524

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 326
-SubTopic 20
-Section 55
-Paragraph 80
-URI http://asc.fasb.org/extlink&oid=118955255&loc=SL82922355-210448

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=118936363&loc=d3e5111-111524

+ Details

Name:	us-gaap_PastDueFinancingReceivablesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.3,4)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_BusinessAcquisitionAxis=brbs_VirginiaCommunityBanksharesIncMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: