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Business Segments | 6 Months Ended
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Jun. 30, 2020
Segment Reporting [Abstract] |
Business Segments | Note 12 – Business Segments The Company utilizes its subsidiaries and divisions to provide multiple business segments including retail banking, mortgage banking, and payroll processing services. Revenues from retail banking operations consist primarily of interest earned on loans and investment securities and service charges on deposit accounts. Mortgage banking operating revenues consist principally of gains on sales of loans in the secondary market, loan origination fee income and interest earned on mortgage loans held for sale. Revenues from payroll services consist of fees charged to customers for payroll services. The following tables present revenues and expenses by segment for the three and six months ended June 30, 2020 and June 30, 2019.
| Three Months Ended June 30, 2020 |
(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 | $ | 12,433 |  |  | $ | 733 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 13,167 |
Service charges on deposit accounts |  | 183 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 183 |
Mortgage banking income, net |  | — |  |  |  | 15,304 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 15,304 |
Payroll processing revenue |  | — |  |  |  | — |  |  |  | 212 |  |  |  | — |  |  |  | — |  |  |  | 212 |
Other operating income |  | 832 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6 | ) |  |  | 826 |
Total income |  | 13,448 |  |  |  | 16,037 |  |  |  | 212 |  |  |  | 1 |  |  |  | (6 | ) |  |  | 29,692 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | 2,187 |  |  |  | 69 |  |  |  | — |  |  |  | 266 |  |  |  | — |  |  |  | 2,522 |
Provision for loan losses |  | 3,500 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,500 |
Salary and benefits |  | 2,955 |  |  |  | 7,858 |  |  |  | 107 |  |  |  | — |  |  |  | — |  |  |  | 10,920 |
Other operating expenses |  | 3,088 |  |  |  | 1,676 |  |  |  | 130 |  |  |  | — |  |  |  | (6 | ) |  |  | 4,888 |
Total expense |  | 11,730 |  |  |  | 9,603 |  |  |  | 237 |  |  |  | 266 |  |  |  | (6 | ) |  |  | 21,830 |
Income (loss) before income taxes |  | 1,718 |  |  |  | 6,434 |  |  |  | (25 | ) |  |  | (265 | ) |  |  | — |  |  |  | 7,862 |
Income tax expense (benefit) |  | 516 |  |  |  | 1,352 |  |  |  | (6 | ) |  |  | (218 | ) |  |  | — |  |  |  | 1,644 |
Net income (loss) | $ | 1,202 |  |  | $ | 5,082 |  |  | $ | (19 | ) |  | $ | (47 | ) |  | $ | — |  |  | $ | 6,218 |
Net (income) loss attributable to noncontrolling interest | $ | — |  |  | $ | — |  |  | $ | 4 |  |  | $ | — |  |  | $ | — |  |  | $ | 4 |
Net income (loss) attributable to Blue Ridge Bankshares | $ | 1,202 |  |  | $ | 5,082 |  |  | $ | (15 | ) |  | $ | (47 | ) |  | $ | — |  |  | $ | 6,222 |
Note 12 – Business Segments, continued
| Six Months Ended June 30, 2020 |
(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 | $ | 22,490 |  |  | $ | 1,095 |  |  | $ | — |  |  | $ | 5 |  |  | $ | — |  |  | $ | 23,590 |
Service charges on deposit accounts |  | 454 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 454 |
Mortgage banking income, net |  | — |  |  |  | 19,165 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 19,165 |
Payroll processing revenue |  | — |  |  |  | — |  |  |  | 515 |  |  |  | — |  |  |  | — |  |  |  | 515 |
Other operating income |  | 1,400 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (12 | ) |  |  | 1,388 |
Total income |  | 24,344 |  |  |  | 20,260 |  |  |  | 515 |  |  |  | 5 |  |  |  | (12 | ) |  |  | 45,112 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | 4,308 |  |  |  | 171 |  |  |  | — |  |  |  | 443 |  |  |  | — |  |  |  | 4,922 |
Provision for loan losses |  | 4,075 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,075 |
Salary and benefits |  | 6,275 |  |  |  | 11,766 |  |  |  | 220 |  |  |  | — |  |  |  | — |  |  |  | 18,261 |
Other operating expenses |  | 5,399 |  |  |  | 2,781 |  |  |  | 260 |  |  |  | 455 |  |  |  | (12 | ) |  |  | 8,883 |
Total expense |  | 20,057 |  |  |  | 14,718 |  |  |  | 480 |  |  |  | 898 |  |  |  | (12 | ) |  |  | 36,141 |
Income (loss) before income taxes |  | 4,287 |  |  |  | 5,542 |  |  |  | 35 |  |  |  | (893 | ) |  |  | — |  |  |  | 8,971 |
Income tax expense (benefit) |  | 916 |  |  |  | 1,164 |  |  |  | 7 |  |  |  | (175 | ) |  |  | — |  |  |  | 1,912 |
Net income (loss) | $ | 3,371 |  |  | $ | 4,378 |  |  | $ | 28 |  |  | $ | (718 | ) |  | $ | — |  |  | $ | 7,059 |
Net (income) loss attributable to noncontrolling interest | $ | — |  |  | $ | — |  |  | $ | (5 | ) |  | $ | — |  |  | $ | — |  |  | $ | (5 | )
Net income (loss) attributable to Blue Ridge Bankshares, Inc. | $ | 3,371 |  |  | $ | 4,378 |  |  | $ | 23 |  |  | $ | (718 | ) |  | $ | — |  |  | $ | 7,054 |
Note 12 – Business Segments, continued
| Three Months Ended June 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 | $ | 7,333 |  |  | $ | 307 |  |  | $ | — |  |  | $ | 1 |  |  | $ | — |  |  | $ | 7,641 |
Service charges on deposit accounts |  | 153 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 153 |
Mortgage banking income, net |  | — |  |  |  | 3,932 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,932 |
Payroll processing revenue |  | — |  |  |  | — |  |  |  | 231 |  |  |  | — |  |  |  | — |  |  |  | 231 |
Other operating income |  | 1,049 |  |  |  | — |  |  |  | — |  |  |  | 24 |  |  |  | (6 | ) |  |  | 1,067 |
Total income |  | 8,535 |  |  |  | 4,239 |  |  |  | 231 |  |  |  | 25 |  |  |  | (6 | ) |  |  | 13,024 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | 2,081 |  |  |  | 180 |  |  |  | — |  |  |  | 177 |  |  |  | — |  |  |  | 2,438 |
Provision for loan losses |  | 600 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 600 |
Salary and benefits |  | 2,024 |  |  |  | 2,710 |  |  |  | 90 |  |  |  | — |  |  |  | — |  |  |  | 4,824 |
Other operating expenses |  | 1,575 |  |  |  | 1,090 |  |  |  | 115 |  |  |  | 565 |  |  |  | (6 | ) |  |  | 3,339 |
Total expense |  | 6,280 |  |  |  | 3,980 |  |  |  | 205 |  |  |  | 742 |  |  |  | (6 | ) |  |  | 11,201 |
Income (loss) before income taxes |  | 2,255 |  |  |  | 259 |  |  |  | 26 |  |  |  | (717 | ) |  |  | — |  |  |  | 1,823 |
Income tax expense |  | 306 |  |  |  | 54 |  |  |  | 5 |  |  |  | (77 | ) |  |  | — |  |  |  | 288 |
Net income (loss) | $ | 1,949 |  |  | $ | 205 |  |  | $ | 21 |  |  | $ | (640 | ) |  | $ | — |  |  | $ | 1,535 |
Net (income) loss attributable to noncontrolling interest | $ | — |  |  | $ | — |  |  | $ | (5 | ) |  | $ | — |  |  | $ | — |  |  | $ | (5 | )
Net income (loss) attributable to Blue Ridge Bankshares | $ | 1,949 |  |  | $ | 205 |  |  | $ | 16 |  |  | $ | (640 | ) |  | $ | — |  |  | $ | 1,530 |
| Six Months Ended June 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 | $ | 13,825 |  |  | $ | 485 |  |  | $ | — |  |  | $ | 2 |  |  | $ | — |  |  | $ | 14,312 |
Service charges on deposit accounts |  | 288 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 288 |
Mortgage banking income, net |  | — |  |  |  | 7,024 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 7,024 |
Payroll processing revenue |  | — |  |  |  | — |  |  |  | 511 |  |  |  | — |  |  |  | — |  |  |  | 511 |
Other operating income |  | 1,446 |  |  |  | — |  |  |  | — |  |  |  | 25 |  |  |  | (12 | ) |  |  | 1,459 |
Total income |  | 15,559 |  |  |  | 7,509 |  |  |  | 511 |  |  |  | 27 |  |  |  | (12 | ) |  |  | 23,594 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  | 3,632 |  |  |  | 275 |  |  |  | — |  |  |  | 354 |  |  |  | — |  |  |  | 4,261 |
Provision for loan losses |  | 895 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 895 |
Salary and benefits |  | 4,041 |  |  |  | 4,853 |  |  |  | 176 |  |  |  | — |  |  |  | — |  |  |  | 9,070 |
Other operating expenses |  | 3,410 |  |  |  | 1,742 |  |  |  | 225 |  |  |  | 576 |  |  |  | (12 | ) |  |  | 5,941 |
Total expense |  | 11,978 |  |  |  | 6,870 |  |  |  | 401 |  |  |  | 930 |  |  |  | (12 | ) |  |  | 20,167 |
Income (loss) before income taxes |  | 3,581 |  |  |  | 639 |  |  |  | 110 |  |  |  | (903 | ) |  |  | — |  |  |  | 3,427 |
Income tax expense (benefit) |  | 588 |  |  |  | 113 |  |  |  | 23 |  |  |  | (114 | ) |  |  | — |  |  |  | 610 |
Net income (loss) | $ | 2,993 |  |  | $ | 526 |  |  | $ | 87 |  |  | $ | (789 | ) |  | $ | — |  |  | $ | 2,817 |
Net (income) loss attributable to noncontrolling interest | $ | — |  |  | $ | — |  |  | $ | (18 | ) |  | $ | — |  |  | $ | — |  |  | $ | (18 | )
Net income (loss) attributable to Blue Ridge Bankshares, Inc. | $ | 2,993 |  |  | $ | 526 |  |  | $ | 69 |  |  | $ | (789 | ) |  | $ | — |  |  | $ | 2,799 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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