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Business Segments | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Business Segments | Note 18. Business Segments (Restated) This note has been restated to reflect the changes described in the Explanatory Note and Note 23 to the Consolidated Financial Statements included in this Form 10-K/A. The Company has three reportable business segments, consisting of commercial banking, mortgage banking, and holding company activities. The commercial banking business segment makes loans to and generates deposits from individuals and businesses, while offering a wide array of general financial services to its customers. It is distinct from the Company's mortgage banking division, which concentrates on individual and wholesale mortgage lending and sales activities. Activities at the holding company (or parent level) are primarily associated with investments, borrowings, and certain noninterest expenses. 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 (Restated) |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 119,758 |  |  | $ | 1,455 |  |  | $ | 439 |  |  | $ | — |  |  | $ | 121,652 |
Interest expense |  |  | 14,122 |  |  |  | 419 |  |  |  | 2,544 |  |  |  | — |  |  |  | 17,085 |
Net interest income |  |  | 105,636 |  |  |  | 1,036 |  |  |  | (2,105 | ) |  |  | — |  |  |  | 104,567 |
Provision for loan losses |  |  | 25,687 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 25,687 |
Net interest income after provision for loan losses |  |  | 79,949 |  |  |  | 1,036 |  |  |  | (2,105 | ) |  |  | — |  |  |  | 78,880 |
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 |  |  | 16,077 |  |  |  | 684 |  |  |  | 5,435 |  |  |  | — |  |  |  | 22,196 |
Income tax expense |  |  | 3,840 |  |  |  | 152 |  |  |  | 1,207 |  |  |  | — |  |  |  | 5,199 |
Net income from continuing operations |  | $ | 12,237 |  |  | $ | 532 |  |  | $ | 4,228 |  |  | $ | — |  |  | $ | 16,997 |
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 |  | $ | 12,574 |  |  | $ | 532 |  |  | $ | 4,228 |  |  | $ | — |  |  | $ | 17,334 |
Net income from discontinued operations attributable to noncontrolling interest |  |  | (1 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1 | )
Net income attributable to Blue Ridge Bankshares, Inc. |  | $ | 12,573 |  |  | $ | 532 |  |  | $ | 4,228 |  |  | $ | — |  |  | $ | 17,333 |
Total assets as of December 31, 2022 |  | $ | 3,059,282 |  |  | $ | 40,840 |  |  | $ | 289,860 |  |  | $ | (259,517 | ) |  | $ | 3,130,465 |
|  | 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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