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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Summary of Segment Reporting Information by Segment

Information about reportable segments, and reconciliation of such information to the consolidated financial statements follows, as of the dates and periods stated.

		As of and for the three months ended March 31, 2025
(Dollars in thousands)		Commercial Banking				Mortgage Banking				Parent Only				Eliminations				Blue Ridge Bankshares, Inc. Consolidated
NET INTEREST INCOME
Interest income		$	35,224			$	126			$	—			$	—			$	35,350
Interest expense			15,584				40				736				—				16,360
Net interest income			19,640				86				(736	)			—				18,990
NONINTEREST INCOME
Fair value adjustments of other equity investments			—				—				(73	)			—				(73	)
Residential mortgage banking income			306				650				—				—				956
Mortgage servicing rights			—				2				—				—				2
Other			2,283				—				—				(96	)			2,187
Total noninterest income			2,589				652				(73	)			(96	)			3,072
NONINTEREST EXPENSE
Salaries and employee benefits			11,542				1,068				—				—				12,610
Occupancy and equipment			1,330				51				—				—				1,381
Technology and communication			2,364				420				—				—				2,784
Other			5,638				336				298				(96	)			6,176
Total noninterest expense			20,874				1,875				298				(96	)			22,951
Income (loss) before income tax expense			1,355				(1,137	)			(1,107	)			—				(889	)
Income tax expense (benefit)			30				(253	)			(232	)			—				(455	)
Net income (loss)		$	1,325			$	(884	)		$	(875	)		$	—			$	(434	)
Total assets		$	2,642,160			$	26,528			$	379,167			$	(362,771	)		$	2,685,084

		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 recovery for credit losses			21,723				186				(560	)			—				21,349
NONINTEREST INCOME
Fair value adjustments of other equity investments			—				—				(7	)			—				(7	)
Residential mortgage banking income			—				2,664				—				—				2,664
Mortgage servicing rights			—				729				—				—				729
Other			4,484				—				17				(99	)			4,402
Total noninterest income			4,484				3,393				10				(99	)			7,788
NONINTEREST EXPENSE
Salaries and employee benefits			14,201				1,844				—				—				16,045
Occupancy and equipment			1,389				135				—				—				1,524
Technology and communication			1,960				319				—				—				2,279
Regulatory remediation			2,644				—				—				—				2,644
Other			9,017				758				269				(99	)			9,945
Total noninterest expense			29,211				3,056				269				(99	)			32,437
(Loss) income before income tax expense			(3,004	)			523				(819	)			—				(3,300	)
Income tax (benefit) expense			(321	)			86				(172	)			—				(407	)
Net (loss) income		$	(2,683	)		$	437			$	(647	)		$	—			$	(2,893	)
Total assets		$	3,024,935			$	36,343			$	228,544			$	(213,635	)		$	3,076,187

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- 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
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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