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Consolidated Statements of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
INTEREST INCOME        
Interest and fees on loans $ 32,591 $ 12,443 $ 53,954 $ 21,987
Interest on taxable securities 1,133 683 2,263 1,513
Interest on nontaxable securities 64 40 116 89
Interest on deposit accounts and federal funds sold 24 1 55 1
Total interest income 33,812 13,167 56,388 23,590
INTEREST EXPENSE        
Interest on deposits 1,682 1,650 3,222 3,375
Interest on subordinated notes 868 266 1,498 443
Interest on FHLB and FRB borrowings 800 606 1,189 1,104
Total interest expense 3,350 2,522 5,909 4,922
Net interest income 30,462 10,645 50,479 18,668
Provision for loan losses   3,500   4,075
Net interest income after provision for loan losses 30,462 7,145 50,479 14,593
NONINTEREST INCOME        
Gain on sale of Paycheck Protection Program loans 24,315   24,315  
Residential mortgage banking income, net 7,254 13,708 16,555 17,569
Mortgage servicing rights 1,707 1,596 5,078 1,596
Gain on sale of guaranteed government loans 143 243 1,217 263
Wealth and trust management 833   1,435  
Service charges on deposit accounts 370 183 697 454
Increase in cash surrender value of bank owned life insurance 237 92 401 185
Payroll processing 213 212 483 515
Bank and purchase card, net 299 139 599 271
Other 1,054 180 1,454 341
Total noninterest income 36,425 16,353 52,234 21,194
NONINTEREST EXPENSE        
Salaries and employee benefits 17,642 10,846 31,651 18,006
Occupancy and equipment 1,868 875 3,225 1,732
Data processing 1,534 611 2,379 994
Legal, issuer, and regulatory filing 489 296 1,065 490
Advertising and marketing 247 129 537 353
Communications 673 187 1,041 322
Audit and accounting fees 291 136 480 179
FDIC insurance 9 230 352 381
Intangible amortization 506 233 906 376
Other contractual services 666 179 1,519 354
Other taxes and assessments 1,078 245 1,426 469
Merger-related 1,237 177 10,256 446
Other 4,308 1,492 6,223 2,714
Total noninterest expenses 30,548 15,636 61,060 26,816
Income before income tax 36,339 7,862 41,653 8,971
Income tax expense 7,697 1,644 8,774 1,912
Net income 28,642 6,218 32,879 7,059
Net loss (income) attributable to noncontrolling interest 4 4 (5) (5)
Net income attributable to Blue Ridge Bankshares, Inc. 28,646 6,222 32,874 7,054
Net income available to common stockholders $ 28,646 $ 6,222 $ 32,874 $ 7,054
Basic earnings per common share (EPS) [1] $ 1.54 $ 0.73 $ 1.95 $ 0.83
Diluted earnings per common share (EPS [1] $ 1.54 $ 0.73 $ 1.94 $ 0.83
[1]

EPS has been adjusted for all periods presented to reflect the Company’s 3-for-2 stock split effective April 30, 2021.