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v3.21.1

Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2021
Segment Reporting [Abstract] |
Summary of Segment Reporting Information by Segment | The following tables present revenues and expenses by segment for the periods stated.
|  | For the three months ended March 31, 2021 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 21,707 |  |  | $ | 820 |  |  | $ | 49 |  |  | $ | — |  |  | $ | 22,576 |
Service charges on deposit accounts |  |  | 327 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 327 |
Residential mortgage banking income, net |  |  | — |  |  |  | 9,301 |  |  |  | — |  |  |  | — |  |  |  | 9,301 |
Mortgage servicing rights |  |  | — |  |  |  | 3,371 |  |  |  | — |  |  |  | — |  |  |  | 3,371 |
Gain on sale of guaranteed USDA loans |  |  | 1,074 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,074 |
Wealth and trust management |  |  | 602 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 602 |
Increase in cash surrender value of bank owned life insurance |  |  | 164 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 164 |
Payroll processing revenue |  |  | 270 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 270 |
Bank and purchase card, net |  |  | 300 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 300 |
Other income |  |  | 373 |  |  |  | — |  |  |  | 52 |  |  |  | (25 | ) |  |  | 400 |
Total income |  |  | 24,817 |  |  |  | 13,492 |  |  |  | 101 |  |  |  | (25 | ) |  |  | 38,385 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 1,871 |  |  |  | 58 |  |  |  | 630 |  |  |  | — |  |  |  | 2,559 |
Provision for loan losses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Salaries and employee benefits |  |  | 5,741 |  |  |  | 8,268 |  |  |  | — |  |  |  | — |  |  |  | 14,009 |
Merger-related expenses |  |  | 8,137 |  |  |  | — |  |  |  | 882 |  |  |  | — |  |  |  | 9,019 |
Other operating expenses |  |  | 5,170 |  |  |  | 2,181 |  |  |  | 158 |  |  |  | (25 | ) |  |  | 7,484 |
Total expense |  |  | 20,919 |  |  |  | 10,507 |  |  |  | 1,670 |  |  |  | (25 | ) |  |  | 33,071 |
Income (loss) before income taxes |  |  | 3,898 |  |  |  | 2,985 |  |  |  | (1,569 | ) |  |  | — |  |  |  | 5,314 |
Income tax expense |  |  | 763 |  |  |  | 605 |  |  |  | (291 | ) |  |  | — |  |  |  | 1,077 |
Net income (loss) |  | $ | 3,135 |  |  | $ | 2,380 |  |  | $ | (1,278 | ) |  | $ | — |  |  | $ | 4,237 |
Net (income) loss attributable to noncontrolling interest |  | $ | (9 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (9 | )
Net income (loss) attributable to Blue Ridge Bankshares, Inc. |  | $ | 3,126 |  |  | $ | 2,380 |  |  | $ | (1,278 | ) |  | $ | — |  |  | $ | 4,228 |
|  | For the three months ended March 31, 2020 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 10,057 |  |  | $ | 362 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 10,423 |
Service charges on deposit accounts |  |  | 272 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 272 |
Residential mortgage banking income, net |  |  | — |  |  |  | 3,861 |  |  |  | — |  |  |  | — |  |  |  | 3,861 |
Gain on sale of guaranteed USDA loans |  |  | 20 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 20 |
Increase in cash surrender value of bank owned life insurance |  |  | 93 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 93 |
Payroll processing revenue |  |  | 303 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 303 |
Bank and purchase card, net |  |  | 129 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 129 |
Other income |  |  | 168 |  |  |  | — |  |  |  | — |  |  |  | (6 | ) |  |  | 162 |
Total income |  |  | 11,042 |  |  |  | 4,223 |  |  |  | 4 |  |  |  | (6 | ) |  |  | 15,263 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 2,121 |  |  |  | 102 |  |  |  | 177 |  |  |  | — |  |  |  | 2,400 |
Provision for loan losses |  |  | 575 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 575 |
Salaries and employee benefits |  |  | 3,433 |  |  |  | 3,908 |  |  |  | — |  |  |  | — |  |  |  | 7,341 |
Merger-related expenses |  |  | 265 |  |  |  | — |  |  |  | 4 |  |  |  |  |  |  |  | 269 |
Other operating expenses |  |  | 2,266 |  |  |  | 1,105 |  |  |  | 205 |  |  |  | (6 | ) |  |  | 3,570 |
Total expense |  |  | 8,660 |  |  |  | 5,115 |  |  |  | 386 |  |  |  | (6 | ) |  |  | 14,155 |
Income (loss) before income taxes |  |  | 2,382 |  |  |  | (892 | ) |  |  | (382 | ) |  |  | — |  |  |  | 1,108 |
Income tax expense |  |  | 498 |  |  |  | (188 | ) |  |  | (43 | ) |  |  | — |  |  |  | 267 |
Net income (loss) |  | $ | 1,884 |  |  | $ | (704 | ) |  | $ | (339 | ) |  | $ | — |  |  | $ | 841 |
Net (income) loss attributable to noncontrolling interest |  | $ | (9 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | (9 | )
Net income (loss) attributable to Blue Ridge Bankshares, Inc. |  | $ | 1,875 |  |  | $ | (704 | ) |  | $ | (339 | ) |  | $ | — |  |  | $ | 832 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -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 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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