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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Interest and fees on loans $ 6,927 $ 5,285 $ 19,640 $ 14,625
Interest on taxable securities 1,133 409 2,601 1,199
Interest on nontaxable securities 56 73 183 226
Interest on federal funds sold 2 3 6 13
Total interest income 8,118 5,770 22,430 16,063
Interest expense:        
Interest on deposits 1,763 910 4,491 2,469
Interest on subordinated debentures 169 169 532 532
Interest on other borrowings 750 255 1,920 563
Total interest expense 2,682 1,334 6,943 3,564
Net interest income 5,436 4,436 15,487 12,499
Provision for loan losses 570 225 1,465 640
Net interest income after provision for loan losses 4,866 4,211 14,022 11,859
Non-interest income:        
Service charges on deposit accounts 171 155 459 479
Mortgage brokerage income 1,648 904 3,511 1,914
Gain on sale of mortgages 2,295 1,385 7,455 2,954
Income from investment in life insurance contracts 59 50 874 148
Other income 800 597 1,956 1,514
Total other income 4,973 3,091 14,255 7,009
Non-interest expenses:        
Salaries and employee benefits 5,079 3,430 14,149 8,127
Occupancy and equipment expense 627 414 1,868 1,117
Data processing fees 413 265 1,069 803
Legal and other professional fees 434 334 1,253 578
Advertising fees 191 113 607 348
Audit and accounting fees 37 29 125 114
FDIC insurance expense 86 42 256 138
Director fees 52 45 174 141
Other taxes and assessments 171 159 490 397
Other operating 1,117 872 3,226 2,574
Total other expenses 8,207 5,703 23,217 14,337
Income before income tax 1,632 1,599 5,060 4,531
Income tax expense 379 329 989 944
Net income 1,253 1,270 4,071 3,587
Net Income attributable to noncontrolling interest (3) (1) (21) (8)
Net Income attributable to Blue Ridge Bankshares, Inc. 1,250 1,269 4,050 3,579
Net Income available to Common Stockholders $ 1,250 $ 1,269 $ 4,050 $ 3,579
Basic earnings per common share $ 0.29 $ 0.45 $ 1.01 $ 1.29
Diluted earnings per common share $ 0.29 $ 0.45 $ 1.01 $ 1.29