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Business Segments (Tables) | 3 Months Ended
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Mar. 31, 2024
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 for the periods stated.
|  | As of and for the three months ended March 31, 2024 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 42,199 |  |  | $ | 332 |  |  | $ | — |  |  | $ | — |  |  | $ | 42,531 |
Interest expense |  |  | 21,476 |  |  |  | 146 |  |  |  | 560 |  |  |  | — |  |  |  | 22,182 |
Net interest income |  |  | 20,723 |  |  |  | 186 |  |  |  | (560 | ) |  |  | — |  |  |  | 20,349 |
Recovery of credit losses |  |  | (1,000 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,000 | )
Net interest income after provision for credit losses |  |  | 21,723 |  |  |  | 186 |  |  |  | (560 | ) |  |  | — |  |  |  | 21,349 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage banking income |  |  | — |  |  |  | 2,664 |  |  |  | — |  |  |  | — |  |  |  | 2,664 |
Mortgage servicing rights |  |  | — |  |  |  | 729 |  |  |  | — |  |  |  | — |  |  |  | 729 |
Gain on sale of guaranteed government loans |  |  | 110 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 110 |
Other income |  |  | 4,411 |  |  |  | — |  |  |  | 10 |  |  |  | (99 | ) |  |  | 4,322 |
Total noninterest income |  |  | 4,521 |  |  |  | 3,393 |  |  |  | 10 |  |  |  | (99 | ) |  |  | 7,825 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 14,168 |  |  |  | 1,844 |  |  |  | 33 |  |  |  | — |  |  |  | 16,045 |
Regulatory remediation |  |  | 2,644 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,644 |
Other expenses |  |  | 12,403 |  |  |  | 1,212 |  |  |  | 269 |  |  |  | (99 | ) |  |  | 13,785 |
Total noninterest expense |  |  | 29,215 |  |  |  | 3,056 |  |  |  | 302 |  |  |  | (99 | ) |  |  | 32,474 |
(Loss) income before income tax expense |  |  | (2,971 | ) |  |  | 523 |  |  |  | (852 | ) |  |  | — |  |  |  | (3,300 | )
Income tax (benefit) expense |  |  | (321 | ) |  |  | 86 |  |  |  | (172 | ) |  |  | — |  |  |  | (407 | )
Net (loss) income |  | $ | (2,650 | ) |  | $ | 437 |  |  | $ | (680 | ) |  | $ | — |  |  | $ | (2,893 | )
Total assets as of March 31, 2024 |  | $ | 3,024,935 |  |  | $ | 36,343 |  |  | $ | 228,544 |  |  | $ | (213,635 | ) |  | $ | 3,076,187 |
|  | As of and for the three months ended March 31, 2023 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 40,579 |  |  | $ | 305 |  |  | $ | 6 |  |  | $ | — |  |  | $ | 40,890 |
Interest expense |  |  | 15,002 |  |  |  | 139 |  |  |  | 553 |  |  |  | — |  |  |  | 15,694 |
Net interest income |  |  | 25,577 |  |  |  | 166 |  |  |  | (547 | ) |  |  | — |  |  |  | 25,196 |
Recovery of credit losses |  |  | (1,510 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (1,510 | )
Net interest income after provision for credit losses |  |  | 27,087 |  |  |  | 166 |  |  |  | (547 | ) |  |  | — |  |  |  | 26,706 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential mortgage banking income |  |  | — |  |  |  | 3,199 |  |  |  | — |  |  |  | — |  |  |  | 3,199 |
Mortgage servicing rights |  |  | — |  |  |  | (1,896 | ) |  |  | — |  |  |  | — |  |  |  | (1,896 | )
Gain on sale of guaranteed government loans |  |  | 2,409 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,409 |
Other income |  |  | 3,713 |  |  |  | — |  |  |  | (43 | ) |  |  | (99 | ) |  |  | 3,571 |
Total noninterest income |  |  | 6,122 |  |  |  | 1,303 |  |  |  | (43 | ) |  |  | (99 | ) |  |  | 7,283 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 12,628 |  |  |  | 2,661 |  |  |  | — |  |  |  | — |  |  |  | 15,289 |
Regulatory remediation |  |  | 1,134 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,134 |
Other expenses |  |  | 10,076 |  |  |  | 1,485 |  |  |  | 962 |  |  |  | (99 | ) |  |  | 12,424 |
Total noninterest expense |  |  | 23,838 |  |  |  | 4,146 |  |  |  | 962 |  |  |  | (99 | ) |  |  | 28,847 |
Income (loss) before income tax expense |  |  | 9,371 |  |  |  | (2,677 | ) |  |  | (1,552 | ) |  |  | — |  |  |  | 5,142 |
Income tax expense (benefit) |  |  | 2,081 |  |  |  | (583 | ) |  |  | (326 | ) |  |  | — |  |  |  | 1,172 |
Net income (loss) |  | $ | 7,290 |  |  | $ | (2,094 | ) |  | $ | (1,226 | ) |  | $ | — |  |  | $ | 3,970 |
Total assets as of March 31, 2023 |  | $ | 3,259,602 |  |  | $ | 34,083 |  |  | $ | 288,598 |  |  | $ | (258,223 | ) |  | $ | 3,324,060 |

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