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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Interest income:    
Interest and fees on loans $ 51,559 $ 27,090
Interest on taxable securities 2,752 3,552
Interest on nontaxable securities 147 236
Interest on federal funds sold 2 10
Total interest income 54,460 30,888
Interest expense:    
Interest on deposits 6,246 6,209
Interest on subordinated debentures 1,265 709
Interest on other borrowings 2,439 2,602
Total interest expense 9,950 9,520
Net interest income 44,510 21,368
Provision for loan losses 10,450 1,742
Net interest income after provision for loan losses 34,060 19,626
Non-interest income:    
Service charges on deposit accounts 905 651
Residential mortgage banking income, net 44,460 14,433
Mortgage servicing rights 7,084  
Gain on sale of guaranteed USDA loans 880 298
Income from investment in life insurance contracts 390 936
Payroll processing income 974 980
Bank and purchase card revenue 1,297 572
Other income 834 926
Total non-interest income 56,824 18,796
Non-interest expenses:    
Salaries and employee benefits 45,418 19,328
Occupancy and equipment expense 3,551 2,538
Data processing fees 2,683 1,902
Legal, issuer, and regulatory filing fees 2,687 1,778
Advertising expense 776 810
Debit card expenses 583 363
Communications expense 721 441
Audit and accounting fees 436 258
FDIC insurance expense 749 420
Other contractual services 1,408 382
Other taxes and assessments 1,013 661
Other operating 8,362 3,964
Total non-interest expenses 68,387 32,845
Income before income tax 22,497 5,577
Income tax expense 4,800 973
Net income 17,697 4,604
Net Income attributable to noncontrolling interest (1) (24)
Net Income attributable to Blue Ridge Bankshares, Inc. 17,696 4,580
Net Income available to common stockholders $ 17,696 $ 4,580
Basic earnings per common share $ 3.11 $ 1.10
Diluted earnings per common share $ 3.11 $ 1.10