XML 62 R32.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Business Segments (Tables)

9 Months Ended

Sep. 30, 2019

Segment Reporting [Abstract]

Summary of segment reporting information, by segment

Nine Months Ended September 30, 2019
(in thousands)		Blue Ridge Bank				Blue Ridge Bank Mortgage Division				MoneyWise Payroll Solutions, Inc.				Parent Only				Eliminations				Blue Ridge Bankshares, Inc. Consolidated
Revenues:
Interest income		$	21,582			$	844			$	—			$	4			$	—			$	22,430
Service charges on deposit accounts			459				—				—				—				—				459
Mortgage banking income, net			—				10,967				—				—				—				10,967
Payroll processing revenue			—				—				743				—				—				743
Other operating income			2,056				—				—				48				(18	)			2,086
Total income			24,097				11,811				743				52				(18	)			36,685
Expenses:
Interest expense			5,921				490				—				532				—				6,943
Provision for loan losses			1,465				—				—				—				—				1,465
Salary and benefits			6,167				7,711				271				—				—				14,149
Other operating expenses			5,194				2,697				344				851				(18	)			9,068
Total expense			18,747				10,898				615				1,383				(18	)			31,625
Income (loss) before income taxes			5,350				913				128				(1,331	)			—				5,060
Income tax expense			932				193				22				(158	)			—				989
Net income (loss)		$	4,418			$	720			$	106			$	(1,173	)		$	—			$	4,071
Net (income) loss attributable to noncontrolling interest		$	—			$	—			$	(21	)		$	—			$	—			$	(21	)
Net income (loss) attributable to Blue Ridge Bankshares		$	4,418			$	720			$	85			$	(1,173	)		$	—			$	4,050

Three Months Ended September 30, 2019
(in thousands)		Blue Ridge Bank				Blue Ridge Bank Mortgage Division				MoneyWise Payroll Solutions, Inc.				Parent Only				Eliminations				Blue Ridge Bankshares, Inc. Consolidated
Revenues:
Interest income		$	7,757			$	359			$	—			$	2			$	—			$	8,118
Service charges on deposit accounts			171				—				—				—				—				171
Mortgage banking income, net			—				3,943				—				—				—				3,943
Payroll processing revenue			—				—				232				—				—				232
Other operating income			609				—				—				23				(6	)			626
Total income			8,537				4,302				232				25				(6	)			13,090
Expenses:
Interest expense			2,289				215				—				178				—				2,682
Provision for loan losses			570				—				—				—				—				570
Salary and benefits			2,126				2,858				95				—				—				5,079
Other operating expenses			1,784				955				119				275				(6	)			3,127
Total expense			6,769				4,028				214				453				(6	)			11,458
Income (loss) before income taxes			1,768				274				18				(428	)			—				1,632
Income tax expense (benefit)			344				80				(1	)			(44	)			—				379
Net income (loss)		$	1,424			$	194			$	19			$	(384	)		$	—			$	1,253
Net (income) loss attributable to noncontrolling interest		$	—			$	—			$	(3	)		$	—			$	—			$	(3	)
Net income (loss) attributable to Blue Ridge Bankshares		$	1,424			$	194			$	16			$	(384	)		$	—			$	1,250

Nine Months Ended September 30, 2018
(in thousands)		Blue Ridge Bank				Blue Ridge Bank Mortgage Division				MoneyWise Payroll Solutions, Inc.				Parent Only				Eliminations				Blue Ridge Bankshares, Inc. Consolidated
Revenues:
Interest income		$	15,738			$	325			$	—			$	6			$	—			$	15,738
Service charges on deposit accounts			479				—				—				—				—				479
Mortgage banking income, net			—				4,868				—				—				—				4,868
Payroll processing revenue			—				—				739				—				—				739
Other operating income			1,262				—				—				4				(18	)			1,248
Total income			17,479				5,193				739				10				(18	)			23,072
Expenses:
Interest expense			3,032				—				—				532				—				3,564
Provision for loan losses			640				—				—				—				—				640
Salary and benefits			3,851				3,980				296				—				—				8,127
Other operating expenses			4,800				776				397				255				(18	)			6,210
Total expense			12,323				4,756				693				787				(18	)			18,541
Income (loss) before income taxes			4,825				437				46				(777	)			—				4,531
Income tax expense			999				92				8				(155	)			—				944
Net income (loss)		$	3,826			$	345			$	38			$	(622	)		$	—			$	3,587
Net (income) loss attributable to noncontrolling interest		$	—			$	—			$	(8	)		$	—			$	—			$	(8	)
Net income (loss) attributable to Blue Ridge Bankshares		$	3,826			$	345			$	30			$	(622	)		$	—			$	3,579

Three Months Ended September 30, 2018
(in thousands)		Blue Ridge Bank				Blue Ridge Bank Mortgage Division				MoneyWise Payroll Solutions, Inc.				Parent Only				Eliminations				Blue Ridge Bankshares, Inc. Consolidated
Revenues:
Interest income		$	5,255			$	184			$	—			$	6			$	—			$	5,445
Service charges on deposit accounts			155				—				—				—				—				155
Mortgage banking income, net			—				2,289				—				—				—				2,289
Payroll processing revenue			—				—				220				—				—				220
Other operating income			755				—				—				4				(6	)			753
Total income			6,165				2,473				220				10				(6	)			8,862
Expenses:
Interest expense			1,159				—				—				176				—				1,335
Provision for loan losses			225				—				—				—				—				225
Salary and benefits			963				1,745				103				—				—				2,811
Other operating expenses			2,066				550				103				179				(6	)			2,892
Total expense			4,413				2,295				206				355				(6	)			7,263
Income (loss) before income taxes			1,752				178				14				(345	)			—				1,599
Income tax expense			366				33				1				(71	)			—				329
Net income (loss)		$	1,386			$	145			$	13			$	(274	)		$	—			$	1,270
Net (income) loss attributable to noncontrolling interest		$	—			$	—			$	(1	)		$	—			$	—			$	(1	)
Net income (loss) attributable to Blue Ridge Bankshares		$	1,386			$	145			$	12			$	(274	)		$	—			$	1,269

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599

+ Details

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

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration