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Business Segments (Tables) | 12 Months Ended
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Dec. 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 the dates and periods stated.
|  | For the year ended December 31, 2022 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 125,582 |  |  | $ | 1,455 |  |  | $ | 439 |  |  | $ | — |  |  | $ | 127,476 |
Interest expense |  |  | 14,122 |  |  |  | 419 |  |  |  | 2,544 |  |  |  | — |  |  |  | 17,085 |
Net interest income |  |  | 111,460 |  |  |  | 1,036 |  |  |  | (2,105 | ) |  |  | — |  |  |  | 110,391 |
Provision for loan losses |  |  | 17,886 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 17,886 |
Net interest income after provision for loan losses |  |  | 93,574 |  |  |  | 1,036 |  |  |  | (2,105 | ) |  |  | — |  |  |  | 92,505 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage banking income, net |  |  | — |  |  |  | 12,609 |  |  |  | — |  |  |  | — |  |  |  | 12,609 |
Mortgage servicing rights |  |  | 147 |  |  |  | 7,891 |  |  |  | — |  |  |  | — |  |  |  | 8,038 |
Gain on sale of guaranteed government loans |  |  | 4,734 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,734 |
Service charges on deposit accounts |  |  | 1,289 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,289 |
Increase in cash surrender value of bank owned life insurance |  |  | 1,348 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,348 |
Other income |  |  | 11,193 |  |  |  | 17 |  |  |  | 9,453 |  |  |  | (589 | ) |  |  | 20,074 |
Total noninterest income |  |  | 18,711 |  |  |  | 20,517 |  |  |  | 9,453 |  |  |  | (589 | ) |  |  | 48,092 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 40,012 |  |  |  | 15,994 |  |  |  | — |  |  |  | — |  |  |  | 56,006 |
Other operating expenses |  |  | 42,571 |  |  |  | 4,875 |  |  |  | 1,913 |  |  |  | (589 | ) |  |  | 48,770 |
Total noninterest expense |  |  | 82,583 |  |  |  | 20,869 |  |  |  | 1,913 |  |  |  | (589 | ) |  |  | 104,776 |
Income from continuing operations before income tax expense |  |  | 29,702 |  |  |  | 684 |  |  |  | 5,435 |  |  |  | — |  |  |  | 35,821 |
Income tax expense |  |  | 6,885 |  |  |  | 152 |  |  |  | 1,207 |  |  |  | — |  |  |  | 8,244 |
Net income from continuing operations |  | $ | 22,817 |  |  | $ | 532 |  |  | $ | 4,228 |  |  | $ | — |  |  | $ | 27,577 |
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 |  | $ | 23,154 |  |  | $ | 532 |  |  | $ | 4,228 |  |  | $ | — |  |  | $ | 27,914 |
Net income from discontinued operations attributable to noncontrolling interest |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Net income attributable to Blue Ridge Bankshares, Inc. |  | $ | 23,153 |  |  | $ | 532 |  |  | $ | 4,228 |  |  | $ | — |  |  | $ | 27,913 |
Total assets as of December 31, 2022 |  | $ | 3,069,861 |  |  | $ | 40,840 |  |  | $ | 300,440 |  |  | $ | (270,096 | ) |  | $ | 3,141,045 |
|  | For the year ended December 31, 2021 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 99,810 |  |  | $ | 3,596 |  |  | $ | 140 |  |  | $ | — |  |  | $ | 103,546 |
Interest expense |  |  | 8,181 |  |  |  | 257 |  |  |  | 2,627 |  |  |  | — |  |  |  | 11,065 |
Net interest income |  |  | 91,629 |  |  |  | 3,339 |  |  |  | (2,487 | ) |  |  | — |  |  |  | 92,481 |
Provision for loan losses |  |  | 117 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 117 |
Net interest income after provision for loan losses |  |  | 91,512 |  |  |  | 3,339 |  |  |  | (2,487 | ) |  |  | — |  |  |  | 92,364 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Gain on sale of Paycheck Protection Program loans |  |  | 24,315 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 24,315 |
Residential mortgage banking income, net |  |  | — |  |  |  | 28,624 |  |  |  | — |  |  |  | — |  |  |  | 28,624 |
Mortgage servicing rights |  |  | — |  |  |  | 8,398 |  |  |  | — |  |  |  | — |  |  |  | 8,398 |
Gain on sale of guaranteed government loans |  |  | 2,005 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,005 |
Service charges on deposit accounts |  |  | 1,464 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,464 |
Increase in cash surrender value of bank owned life insurance |  |  | 932 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 932 |
Other income |  |  | 13,733 |  |  |  | 194 |  |  |  | 7,505 |  |  |  | (182 | ) |  |  | 21,250 |
Total noninterest income |  |  | 42,449 |  |  |  | 37,216 |  |  |  | 7,505 |  |  |  | (182 | ) |  |  | 86,988 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 35,320 |  |  |  | 26,161 |  |  |  | — |  |  |  | — |  |  |  | 61,481 |
Other operating expenses |  |  | 37,601 |  |  |  | 8,428 |  |  |  | 3,660 |  |  |  | (182 | ) |  |  | 49,507 |
Total noninterest expense |  |  | 72,921 |  |  |  | 34,589 |  |  |  | 3,660 |  |  |  | (182 | ) |  |  | 110,988 |
Income from continuing operations before income tax expense |  |  | 61,040 |  |  |  | 5,966 |  |  |  | 1,358 |  |  |  | — |  |  |  | 68,364 |
Income tax expense |  |  | 13,978 |  |  |  | 1,253 |  |  |  | 509 |  |  |  | — |  |  |  | 15,740 |
Net income from continuing operations |  | $ | 47,062 |  |  | $ | 4,713 |  |  | $ | 849 |  |  | $ | — |  |  | $ | 52,624 |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations before income taxes |  |  | (183 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (183 | )
Income tax benefit |  |  | (39 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (39 | )
Net loss from discontinued operations |  |  | (144 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (144 | )
Net income |  | $ | 46,918 |  |  | $ | 4,713 |  |  | $ | 849 |  |  | $ | — |  |  | $ | 52,480 |
Net income from discontinued operations attributable to noncontrolling interest |  |  | (3 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3 | )
Net income attributable to Blue Ridge Bankshares, Inc. |  | $ | 46,915 |  |  | $ | 4,713 |  |  | $ | 849 |  |  | $ | — |  |  | $ | 52,477 |
Total assets as of December 31, 2021 |  | $ | 2,498,916 |  |  | $ | 142,537 |  |  | $ | 319,685 |  |  | $ | (295,999 | ) |  | $ | 2,665,139 |
|  | For the year ended December 31, 2020 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 51,020 |  |  | $ | 3,314 |  |  | $ | 126 |  |  | $ | — |  |  | $ | 54,460 |
Interest expense |  |  | 8,331 |  |  |  | 354 |  |  |  | 1,265 |  |  |  | — |  |  |  | 9,950 |
Net interest income |  |  | 42,689 |  |  |  | 2,960 |  |  |  | (1,139 | ) |  |  | — |  |  |  | 44,510 |
Provision for loan losses |  |  | 10,450 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 10,450 |
Net interest income after provision for loan losses |  |  | 32,239 |  |  |  | 2,960 |  |  |  | (1,139 | ) |  |  | — |  |  |  | 34,060 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage banking income, net |  |  | — |  |  |  | 44,460 |  |  |  | — |  |  |  | — |  |  |  | 44,460 |
Mortgage servicing rights |  |  | — |  |  |  | 7,084 |  |  |  | — |  |  |  | — |  |  |  | 7,084 |
Gain on sale of guaranteed government loans |  |  | 880 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 880 |
Service charges on deposit accounts |  |  | 905 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 905 |
Increase in cash surrender value of bank owned life insurance |  |  | 390 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 390 |
Other income |  |  | 2,165 |  |  |  | — |  |  |  | — |  |  |  | (34 | ) |  |  | 2,131 |
Total noninterest income |  |  | 4,340 |  |  |  | 51,544 |  |  |  | — |  |  |  | (34 | ) |  |  | 55,850 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 13,773 |  |  |  | 31,201 |  |  |  | — |  |  |  | — |  |  |  | 44,974 |
Other operating expenses |  |  | 11,867 |  |  |  | 8,075 |  |  |  | 2,354 |  |  |  | (34 | ) |  |  | 22,262 |
Total noninterest expense |  |  | 25,640 |  |  |  | 39,276 |  |  |  | 2,354 |  |  |  | (34 | ) |  |  | 67,236 |
Income from continuing operations before income tax expense |  |  | 10,939 |  |  |  | 15,228 |  |  |  | (3,493 | ) |  |  | — |  |  |  | 22,674 |
Income tax expense |  |  | 2,199 |  |  |  | 3,337 |  |  |  | (699 | ) |  |  | — |  |  |  | 4,837 |
Net income from continuing operations |  | $ | 8,740 |  |  | $ | 11,891 |  |  | $ | (2,794 | ) |  | $ | — |  |  | $ | 17,837 |
Discontinued Operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from discontinued operations before income taxes |  |  | (177 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (177 | )
Income tax benefit |  |  | (37 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (37 | )
Net loss from discontinued operations |  |  | (140 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (140 | )
Net income |  | $ | 8,600 |  |  | $ | 11,891 |  |  | $ | (2,794 | ) |  | $ | — |  |  | $ | 17,697 |
Net income from discontinued operations attributable to noncontrolling interest |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Net income attributable to Blue Ridge Bankshares, Inc. |  | $ | 8,599 |  |  | $ | 11,891 |  |  | $ | (2,794 | ) |  | $ | — |  |  | $ | 17,696 |
Total assets as of December 31, 2020 |  | $ | 1,312,095 |  |  | $ | 177,074 |  |  | $ | 133,041 |  |  | $ | (123,952 | ) |  | $ | 1,498,258 |

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