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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Interest income:    
Interest and fees on loans $ 9,544 $ 6,115
Interest on taxable securities 829 491
Interest on nontaxable securities 48 64
Interest on federal funds sold 2 1
Total interest income 10,423 6,671
Interest expense:    
Interest on deposits 1,725 1,186
Interest on subordinated debentures 177 177
Interest on other borrowings 498 459
Total interest expense 2,400 1,822
Net interest income 8,023 4,849
Provision for loan losses 575 295
Net interest income after provision for loan losses 7,448 4,554
Non-interest income:    
Service charges on deposit accounts 272 134
Mortgage brokerage income 820 1,125
Gain on sale of mortgages 3,041 1,967
Income from investment in life insurance contracts 93 55
Other income 772 618
Total other income 4,998 3,899
Non-interest expenses:    
Salaries and employee benefits 7,341 4,246
Occupancy and equipment 856 602
Data processing fees 466 349
Legal and other professional fees 198 45
Advertising fees 224 196
Communications 135 110
Debit card 158 82
Audit and accounting fees 43 37
FDIC insurance 150 75
Other contractual services 175 75
Other taxes and assessments 224 156
Other operating 1,368 877
Total other expenses 11,338 6,850
Income before income tax 1,108 1,603
Income tax expense 267 321
Net income 841 1,282
Net Income attributable to noncontrolling interest (9) (13)
Net Income attributable to Blue Ridge Bankshares, Inc. 832 1,269
Net Income available to Common Stockholders $ 832 $ 1,269
Basic earnings per common share $ 0.15 $ 0.38
Diluted earnings per common share $ 0.15 $ 0.38