XML 44 R35.htm IDEA: XBRL DOCUMENT
v3.22.1

Business Segments (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2022
Segment Reporting [Abstract] |
Summary of Segment Reporting Information by Segment | The following tables present statement of operations items and assets by segment as of and for the periods stated.
|  | For the three months ended March 31, 2022 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 25,183 |  |  | $ | 591 |  |  | $ | 28 |  |  | $ | — |  |  | $ | 25,802 |
Interest expense |  |  | 1,546 |  |  |  | 35 |  |  |  | 553 |  |  |  | — |  |  |  | 2,134 |
Net interest income |  |  | 23,637 |  |  |  | 556 |  |  |  | (525 | ) |  |  | — |  |  |  | 23,668 |
Provision for loan losses |  |  | 2,500 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,500 |
Net interest income after provision for loan losses |  |  | 21,137 |  |  |  | 556 |  |  |  | (525 | ) |  |  | — |  |  |  | 21,168 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage banking income, net |  |  | — |  |  |  | 2,821 |  |  |  | — |  |  |  | — |  |  |  | 2,821 |
Mortgage servicing rights |  |  | 201 |  |  |  | 6,537 |  |  |  | — |  |  |  | — |  |  |  | 6,738 |
Gain on sale of guaranteed government loans |  |  | 1,427 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,427 |
Service charges on deposit accounts |  |  | 315 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 315 |
Increase in cash surrender value of bank owned life insurance |  |  | 272 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 272 |
Other income |  |  | 3,177 |  |  |  | — |  |  |  | 9,426 |  |  |  | (82 | ) |  |  | 12,521 |
Total noninterest income |  |  | 5,392 |  |  |  | 9,358 |  |  |  | 9,426 |  |  |  | (82 | ) |  |  | 24,094 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 9,089 |  |  |  | 5,007 |  |  |  | — |  |  |  | — |  |  |  | 14,096 |
Other operating expenses |  |  | 6,581 |  |  |  | 1,936 |  |  |  | 158 |  |  |  | (82 | ) |  |  | 8,593 |
Total noninterest expense |  |  | 15,670 |  |  |  | 6,943 |  |  |  | 158 |  |  |  | (82 | ) |  |  | 22,689 |
Income from continuing operations before income tax expense |  |  | 10,859 |  |  |  | 2,971 |  |  |  | 8,743 |  |  |  | — |  |  |  | 22,573 |
Income tax expense |  |  | 2,906 |  |  |  | 624 |  |  |  | 1,623 |  |  |  | — |  |  |  | 5,153 |
Net income from continuing operations |  | $ | 7,953 |  |  | $ | 2,347 |  |  | $ | 7,120 |  |  | $ | — |  |  | $ | 17,420 |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from discontinued operations before income taxes (including gain on disposal of $471 thousand) |  |  | 426 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 426 |
Income tax expense |  |  | 89 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 89 |
Net income from discontinued operations |  |  | 337 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 337 |
Net income |  | $ | 8,290 |  |  | $ | 2,347 |  |  | $ | 7,120 |  |  | $ | — |  |  | $ | 17,757 |
Net income from discontinued operations attributable to noncontrolling interest |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Net income attributable to Blue Ridge Bankshares, Inc. |  | $ | 8,289 |  |  | $ | 2,347 |  |  | $ | 7,120 |  |  | $ | — |  |  | $ | 17,756 |
Total assets as of March 31, 2022 |  | $ | 2,628,323 |  |  | $ | 64,419 |  |  | $ | 334,424 |  |  | $ | (302,582 | ) |  | $ | 2,724,584 |
|  | For the three months ended March 31, 2021 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 21,707 |  |  | $ | 820 |  |  | $ | 49 |  |  | $ | — |  |  | $ | 22,576 |
Interest expense |  |  | 1,871 |  |  |  | 58 |  |  |  | 630 |  |  |  | — |  |  |  | 2,559 |
Net interest income |  |  | 19,836 |  |  |  | 762 |  |  |  | (581 | ) |  |  | — |  |  |  | 20,017 |
Provision for loan losses |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net interest income after provision for loan losses |  |  | 19,836 |  |  |  | 762 |  |  |  | (581 | ) |  |  | — |  |  |  | 20,017 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage banking income, net |  |  | — |  |  |  | 9,301 |  |  |  | — |  |  |  | — |  |  |  | 9,301 |
Mortgage servicing rights |  |  | — |  |  |  | 3,371 |  |  |  | — |  |  |  | — |  |  |  | 3,371 |
Gain on sale of guaranteed government loans |  |  | 1,074 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,074 |
Service charges on deposit accounts |  |  | 327 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 327 |
Increase in cash surrender value of bank owned life insurance |  |  | 164 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 164 |
Other income |  |  | 1,275 |  |  |  | — |  |  |  | 52 |  |  |  | (25 | ) |  |  | 1,302 |
Total noninterest income |  |  | 2,840 |  |  |  | 12,672 |  |  |  | 52 |  |  |  | (25 | ) |  |  | 15,539 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 5,635 |  |  |  | 8,268 |  |  |  | — |  |  |  | — |  |  |  | 13,903 |
Other operating expenses |  |  | 13,136 |  |  |  | 2,181 |  |  |  | 1,040 |  |  |  | (25 | ) |  |  | 16,332 |
Total noninterest expense |  |  | 18,771 |  |  |  | 10,449 |  |  |  | 1,040 |  |  |  | (25 | ) |  |  | 30,235 |
Income (loss) from continuing operations before income tax expense (benefit) |  |  | 3,905 |  |  |  | 2,985 |  |  |  | (1,569 | ) |  |  | — |  |  |  | 5,321 |
Income tax expense (benefit) |  |  | 764 |  |  |  | 605 |  |  |  | (291 | ) |  |  | — |  |  |  | 1,078 |
Net income (loss) |  | $ | 3,141 |  |  | $ | 2,380 |  |  | $ | (1,278 | ) |  | $ | — |  |  | $ | 4,243 |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations before income taxes |  |  | (7 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (7 | )
Income tax benefit |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Net loss from discontinued operations |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6 | )
Net income (loss) |  | $ | 3,135 |  |  | $ | 2,380 |  |  | $ | (1,278 | ) |  | $ | — |  |  | $ | 4,237 |
Net income from discontinued operations attributable to noncontrolling interest |  |  | (9 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (9 | )
Net income (loss) attributable to Blue Ridge Bankshares, Inc. |  | $ | 3,126 |  |  | $ | 2,380 |  |  | $ | (1,278 | ) |  | $ | — |  |  | $ | 4,228 |
Total assets as of March 31, 2021 |  | $ | 3,015,771 |  |  | $ | 143,568 |  |  | $ | 298,848 |  |  | $ | (290,813 | ) |  | $ | 1,498,258 |

X
- 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=123359005&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=123359005&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=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration