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Business Segments | 9 Months Ended
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Sep. 30, 2021
Segment Reporting [Abstract] |
Business Segments | Note 16 – Business Segments The Company has identified two primary business segments, which are commercial banking and mortgage banking. Revenues from commercial banking operations consist primarily of interest earned on loans and investment securities and service charges on deposit accounts. Mortgage banking operating revenues consist principally of gains on sales of loans in the secondary market, loan origination fee income, and interest earned on mortgage loans held for sale. 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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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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