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Business Segments (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 2021 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 23,019 |  |  | $ | 706 |  |  | $ | 29 |  |  | $ | — |  |  | $ | 23,754 |
Residential mortgage banking income, net |  |  | — |  |  |  | 7,704 |  |  |  | — |  |  |  | — |  |  |  | 7,704 |
Mortgage servicing rights |  |  | — |  |  |  | 1,827 |  |  |  | — |  |  |  | — |  |  |  | 1,827 |
Gain on sale of guaranteed government loans |  |  | 108 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 108 |
Wealth and trust management |  |  | 499 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 499 |
Service charges on deposit accounts |  |  | 376 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 376 |
Increase in cash surrender value of bank owned life insurance |  |  | 278 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 278 |
Payroll processing revenue |  |  | 223 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 223 |
Bank and purchase card, net |  |  | 497 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 497 |
Other income |  |  | 979 |  |  |  | — |  |  |  | 1,075 |  |  |  | (48 | ) |  |  | 2,006 |
Total income |  |  | 25,979 |  |  |  | 10,237 |  |  |  | 1,104 |  |  |  | (48 | ) |  |  | 37,272 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 1,913 |  |  |  | 73 |  |  |  | 644 |  |  |  | — |  |  |  | 2,630 |
Provision for loan losses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Salaries and employee benefits |  |  | 7,417 |  |  |  | 7,357 |  |  |  | — |  |  |  | — |  |  |  | 14,774 |
Merger-related |  |  | 216 |  |  |  | — |  |  |  | 1,225 |  |  |  | — |  |  |  | 1,441 |
Other |  |  | 8,563 |  |  |  | 693 |  |  |  | 214 |  |  |  | (48 | ) |  |  | 9,422 |
Total expense |  |  | 18,109 |  |  |  | 8,123 |  |  |  | 2,083 |  |  |  | (48 | ) |  |  | 28,267 |
Income (loss) before income taxes |  |  | 7,870 |  |  |  | 2,114 |  |  |  | (979 | ) |  |  | — |  |  |  | 9,005 |
Income tax expense (benefit) |  |  | 1,943 |  |  |  | 421 |  |  |  | (165 | ) |  |  | — |  |  |  | 2,199 |
Net income (loss) |  | $ | 5,927 |  |  | $ | 1,693 |  |  | $ | (814 | ) |  | $ | — |  |  | $ | 6,806 |
Net loss attributable to noncontrolling interest |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |
Net income (loss) attributable to Blue Ridge Bankshares, Inc. |  | $ | 5,931 |  |  | $ | 1,693 |  |  | $ | (814 | ) |  | $ | — |  |  | $ | 6,810 |
|  | For the three months ended September 30, 2020 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 13,495 |  |  | $ | 917 |  |  | $ | 32 |  |  | $ | — |  |  | $ | 14,444 |
Residential mortgage banking income, net |  |  | — |  |  |  | 14,400 |  |  |  | — |  |  |  | — |  |  |  | 14,400 |
Mortgage servicing rights |  |  | — |  |  |  | 1,645 |  |  |  | — |  |  |  | — |  |  |  | 1,645 |
Gain on sale of guaranteed government loans |  |  | 516 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 516 |
Service charges on deposit accounts |  |  | 215 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 215 |
Increase in cash surrender value of bank owned life insurance |  |  | 94 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 94 |
Payroll processing |  |  | 221 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 221 |
Bank and purchase card, net |  |  | 211 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 211 |
Other |  |  | 317 |  |  |  | — |  |  |  | — |  |  |  | (6 | ) |  |  | 311 |
Total income |  |  | 15,069 |  |  |  | 16,962 |  |  |  | 32 |  |  |  | (6 | ) |  |  | 32,057 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 2,132 |  |  |  | 72 |  |  |  | 411 |  |  |  | — |  |  |  | 2,615 |
Provision for loan losses |  |  | 4,000 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,000 |
Salaries and employee benefits |  |  | 3,425 |  |  |  | 8,455 |  |  |  | — |  |  |  | — |  |  |  | 11,880 |
Merger-related |  |  | 19 |  |  |  | — |  |  |  | 1,245 |  |  |  | — |  |  |  | 1,264 |
Other |  |  | 3,348 |  |  |  | 2,133 |  |  |  | 57 |  |  |  | (6 | ) |  |  | 5,532 |
Total expense |  |  | 12,924 |  |  |  | 10,660 |  |  |  | 1,713 |  |  |  | (6 | ) |  |  | 25,291 |
Income (loss) before income taxes |  |  | 2,145 |  |  |  | 6,302 |  |  |  | (1,681 | ) |  |  | — |  |  |  | 6,766 |
Income tax expense (benefit) |  |  | 523 |  |  |  | 1,276 |  |  |  | (92 | ) |  |  | — |  |  |  | 1,707 |
Net income (loss) |  | $ | 1,622 |  |  | $ | 5,026 |  |  | $ | (1,589 | ) |  | $ | — |  |  | $ | 5,059 |
Net loss attributable to noncontrolling interest |  |  | 4 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4 |
Net income (loss) attributable to Blue Ridge Bankshares, Inc. |  | $ | 1,626 |  |  | $ | 5,026 |  |  | $ | (1,589 | ) |  | $ | — |  |  | $ | 5,063 |
|  | For the nine months ended September 30, 2021 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 77,501 |  |  | $ | 2,536 |  |  | $ | 105 |  |  | $ | — |  |  | $ | 80,142 |
Gain on sale of Paycheck Protection Program loans |  |  | 24,315 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 24,315 |
Residential mortgage banking income, net |  |  | — |  |  |  | 24,259 |  |  |  | — |  |  |  | — |  |  |  | 24,259 |
Mortgage servicing rights |  |  | — |  |  |  | 6,905 |  |  |  | — |  |  |  | — |  |  |  | 6,905 |
Gain on sale of guaranteed government loans |  |  | 1,325 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,325 |
Wealth and trust management |  |  | 1,934 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,934 |
Service charges on deposit accounts |  |  | 1,073 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,073 |
Increase in cash surrender value of bank owned life insurance |  |  | 679 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 679 |
Payroll processing |  |  | 706 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 706 |
Bank and purchase card, net |  |  | 1,096 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,096 |
Other |  |  | 1,817 |  |  |  | — |  |  |  | 1,778 |  |  |  | (135 | ) |  |  | 3,460 |
Total income |  |  | 110,446 |  |  |  | 33,700 |  |  |  | 1,883 |  |  |  | (135 | ) |  |  | 145,894 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 6,209 |  |  |  | 188 |  |  |  | 2,142 |  |  |  | — |  |  |  | 8,539 |
Provision for loan losses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Salaries and employee benefits |  |  | 24,118 |  |  |  | 22,307 |  |  |  | — |  |  |  | — |  |  |  | 46,425 |
Merger-related |  |  | 9,350 |  |  |  | — |  |  |  | 2,347 |  |  |  | — |  |  |  | 11,697 |
Other |  |  | 22,793 |  |  |  | 5,130 |  |  |  | 787 |  |  |  | (135 | ) |  |  | 28,575 |
Total expense |  |  | 62,470 |  |  |  | 27,625 |  |  |  | 5,276 |  |  |  | (135 | ) |  |  | 95,236 |
Income (loss) before income taxes |  |  | 47,976 |  |  |  | 6,075 |  |  |  | (3,393 | ) |  |  | — |  |  |  | 50,658 |
Income tax expense (benefit) |  |  | 10,350 |  |  |  | 1,238 |  |  |  | (615 | ) |  |  | — |  |  |  | 10,973 |
Net income (loss) |  | $ | 37,626 |  |  | $ | 4,837 |  |  | $ | (2,778 | ) |  | $ | — |  |  | $ | 39,685 |
Net income attributable to noncontrolling interest |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Net income (loss) attributable to Blue Ridge Bankshares, Inc. |  | $ | 37,625 |  |  | $ | 4,837 |  |  | $ | (2,778 | ) |  | $ | — |  |  | $ | 39,684 |
|  | For the nine months ended September 30, 2020 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 35,985 |  |  | $ | 2,012 |  |  | $ | 37 |  |  | $ | — |  |  | $ | 38,034 |
Residential mortgage banking income, net |  |  | — |  |  |  | 31,969 |  |  |  | — |  |  |  | — |  |  |  | 31,969 |
Mortgage servicing rights |  |  | — |  |  |  | 3,241 |  |  |  | — |  |  |  | — |  |  |  | 3,241 |
Gain on sale of guaranteed government loans |  |  | 779 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 779 |
Service charges on deposit accounts |  |  | 669 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 669 |
Increase in cash surrender value of bank owned life insurance |  |  | 278 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 278 |
Payroll processing |  |  | 736 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 736 |
Bank and purchase card, net |  |  | 483 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 483 |
Other |  |  | 669 |  |  |  | — |  |  |  | — |  |  |  | (18 | ) |  |  | 651 |
Total income |  |  | 39,599 |  |  |  | 37,222 |  |  |  | 37 |  |  |  | (18 | ) |  |  | 76,840 |
Expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | 6,440 |  |  |  | 243 |  |  |  | 854 |  |  |  | — |  |  |  | 7,537 |
Provision for loan losses |  |  | 8,075 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 8,075 |
Salaries and employee benefits |  |  | 9,665 |  |  |  | 20,221 |  |  |  | — |  |  |  | — |  |  |  | 29,886 |
Merger-related |  |  | 405 |  |  |  | — |  |  |  | 1,305 |  |  |  | — |  |  |  | 1,710 |
Other |  |  | 8,549 |  |  |  | 4,914 |  |  |  | 452 |  |  |  | (18 | ) |  |  | 13,897 |
Total expense |  |  | 33,134 |  |  |  | 25,378 |  |  |  | 2,611 |  |  |  | (18 | ) |  |  | 61,105 |
Income (loss) before income taxes |  |  | 6,465 |  |  |  | 11,844 |  |  |  | (2,574 | ) |  |  | — |  |  |  | 15,735 |
Income tax expense (benefit) |  |  | 1,445 |  |  |  | 2,440 |  |  |  | (267 | ) |  |  | — |  |  |  | 3,618 |
Net income (loss) |  | $ | 5,020 |  |  | $ | 9,404 |  |  | $ | (2,307 | ) |  | $ | — |  |  | $ | 12,117 |
Net income attributable to noncontrolling interest |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Net income (loss) attributable to Blue Ridge Bankshares, Inc. |  | $ | 5,019 |  |  | $ | 9,404 |  |  | $ | (2,307 | ) |  | $ | — |  |  | $ | 12,116 |

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