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Acquisition (Tables) - Virginia Community Bankshares, Inc [Member] | 9 Months Ended
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Sep. 30, 2020
Summary of Assets Received and Liabilities Assumed and Related Adjustments | A summary of the assets received and liabilities assumed and related adjustments are as follows:
Assets | As Recorded by Virginia Community Bankshares, Inc. |  |  | Adjustments |  |  | As Recorded by Blue Ridge Bankshares, Inc. |
Cash and due from banks | $ | 9,678,700 |  |  | $ | — |  |  | $ | 9,678,700 |
Investment securities available-for-sale |  | 43,419,481 |  |  |  | (470,191 | ) | (1) |  | 42,949,290 |
Restricted equity securities |  | 302,700 |  |  |  | — |  |  |  | 302,700 |
Held-for-investment loans |  | 173,871,523 |  |  |  | (900,020 | ) | (2) |  | 172,971,503 |
Furniture, fixtures, and equipment |  | 6,435,695 |  |  |  | 3,296,872 |  | (3) |  | 9,732,567 |
Other real estate owned |  | 87,427 |  |  |  | (87,427 | ) | (4) |  | - |
Accrued interest receivable |  | 864,154 |  |  |  | - |  |  |  | 864,154 |
Core deposit intangible |  | - |  |  |  | 1,690,000 |  | (5) |  | 1,690,000 |
Other assets |  | 8,069,497 |  |  |  | 549,976 |  | (6) |  | 8,619,473 |
Total assets acquired | $ | 242,729,177 |  |  | $ | 4,079,210 |  |  | $ | 246,808,387 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Deposits | $ | 217,953,153 |  |  | $ | 118,621 |  | (7) | $ | 218,071,774 |
Other liabilities |  | 1,296,520 |  |  |  | - |  |  |  | 1,296,520 |
Total liabilities assumed | $ | 219,249,673 |  |  | $ | 118,621 |  |  | $ | 219,368,294 |
Net assets acquired |  |  |  |  |  |  |  |  |  | 27,440,093 |
Total consideration paid |  |  |  |  |  |  |  |  |  | 44,048,371 |
Goodwill |  |  |  |  |  |  |  |  | $ | 16,608,278 |
| (1) | Adjustment to reflect estimated fair value of security portfolio
| (2) | Adjustment to reflect estimated fair value and credit mark on loans of $(2,318,569), and elimination of VCB’s allowance for loan and lease losses
| (3) | Adjustment to reflect estimated fair value of furniture, fixtures, and equipment
| (4) | Adjustment to reflect estimated fair value of Other Real Estate Owned (“OREO”)
| (5) | Adjustment to reflect recording of core deposit intangible
| (6) | Adjustment to reflect estimated fair value of other assets and the recording of deferred taxes related to acquisition
| (7) | Adjustment to reflect estimated fair value of deposits
Summary of Consideration Paid | A summary of the consideration paid is as follows:
Common stock issued (1,312,919 shares) | $ | 27,401,831 |
Cash payments to common shareholders |  | 16,646,540 |
Total consideration paid | $ | 44,048,371 |

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- Definition Tabular disclosure of the equity interest issued or issuable in a business acquisition (or series of individually immaterial business acquisitions) planned, initiated, or completed during the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b)(4) -URI http://asc.fasb.org/extlink&oid=120321790&loc=d3e6927-128479 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121647850&loc=d3e4845-128472 + Details
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