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v3.25.2

Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, 2025 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 34,681 |  |  | $ | 55 |  |  | $ | — |  |  | $ | — |  |  | $ | 34,736 |
Interest expense |  |  | 14,249 |  |  |  | — |  |  |  | 646 |  |  |  | — |  |  |  | 14,895 |
Net interest income |  |  | 20,432 |  |  |  | 55 |  |  |  | (646 | ) |  |  | — |  |  |  | 19,841 |
Recovery of credit losses |  |  | (700 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (700 | )
Net interest income after recovery of credit losses |  |  | 21,132 |  |  |  | 55 |  |  |  | (646 | ) |  |  | — |  |  |  | 20,541 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments of other equity investments |  |  | — |  |  |  | — |  |  |  | (82 | ) |  |  | — |  |  |  | (82 | )
Residential mortgage banking income |  |  | 92 |  |  |  | 220 |  |  |  | — |  |  |  | — |  |  |  | 312 |
Mortgage servicing rights |  |  | — |  |  |  | (139 | ) |  |  | — |  |  |  | — |  |  |  | (139 | )
Other |  |  | 3,255 |  |  |  | — |  |  |  | — |  |  |  | (102 | ) |  |  | 3,153 |
Total noninterest income |  |  | 3,347 |  |  |  | 81 |  |  |  | (82 | ) |  |  | (102 | ) |  |  | 3,244 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 12,228 |  |  |  | 772 |  |  |  | — |  |  |  | — |  |  |  | 13,000 |
Occupancy and equipment |  |  | 1,116 |  |  |  | 13 |  |  |  | — |  |  |  | — |  |  |  | 1,129 |
Technology and communication |  |  | 2,175 |  |  |  | 390 |  |  |  | — |  |  |  | — |  |  |  | 2,565 |
Other |  |  | 4,812 |  |  |  | 219 |  |  |  | 386 |  |  |  | (102 | ) |  |  | 5,315 |
Total noninterest expense |  |  | 20,331 |  |  |  | 1,394 |  |  |  | 386 |  |  |  | (102 | ) |  |  | 22,009 |
Income (loss) before income tax expense |  |  | 4,148 |  |  |  | (1,258 | ) |  |  | (1,114 | ) |  |  | — |  |  |  | 1,776 |
Income tax expense (benefit) |  |  | 944 |  |  |  | (230 | ) |  |  | (234 | ) |  |  | — |  |  |  | 480 |
Net income (loss) |  | $ | 3,204 |  |  | $ | (1,028 | ) |  | $ | (880 | ) |  | $ | — |  |  | $ | 1,296 |
Total assets |  | $ | 2,517,642 |  |  | $ | 18,445 |  |  | $ | 370,393 |  |  | $ | (351,041 | ) |  | $ | 2,555,439 |
|  | As of and for the three months ended June 30, 2024 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 40,179 |  |  | $ | 452 |  |  | $ | — |  |  | $ | — |  |  | $ | 40,631 |
Interest expense |  |  | 19,775 |  |  |  | 219 |  |  |  | 552 |  |  |  | — |  |  |  | 20,546 |
Net interest income |  |  | 20,404 |  |  |  | 233 |  |  |  | (552 | ) |  |  | — |  |  |  | 20,085 |
Provision for credit losses |  |  | 3,100 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 3,100 |
Net interest income after provisiom for credit losses |  |  | 17,304 |  |  |  | 233 |  |  |  | (552 | ) |  |  | — |  |  |  | 16,985 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments of other equity investments |  |  | — |  |  |  | — |  |  |  | (8,537 | ) |  |  | — |  |  |  | (8,537 | )
Residential mortgage banking income |  |  | — |  |  |  | 3,090 |  |  |  | — |  |  |  | — |  |  |  | 3,090 |
Mortgage servicing rights |  |  | — |  |  |  | 2,019 |  |  |  | — |  |  |  | — |  |  |  | 2,019 |
Other |  |  | 3,793 |  |  |  | — |  |  |  | — |  |  |  | (93 | ) |  |  | 3,700 |
Total noninterest income |  |  | 3,793 |  |  |  | 5,109 |  |  |  | (8,537 | ) |  |  | (93 | ) |  |  | 272 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 13,582 |  |  |  | 1,339 |  |  |  | 11 |  |  |  | — |  |  |  | 14,932 |
Occupancy and equipment |  |  | 1,195 |  |  |  | 108 |  |  |  | — |  |  |  | — |  |  |  | 1,303 |
Technology and communication |  |  | 2,008 |  |  |  | 324 |  |  |  | — |  |  |  | — |  |  |  | 2,332 |
Regulatory remediation |  |  | 1,397 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 1,397 |
Other |  |  | 8,494 |  |  |  | 750 |  |  |  | 193 |  |  |  | (93 | ) |  |  | 9,344 |
Total noninterest expense |  |  | 26,676 |  |  |  | 2,521 |  |  |  | 204 |  |  |  | (93 | ) |  |  | 29,308 |
(Loss) income before income tax expense |  |  | (5,579 | ) |  |  | 2,821 |  |  |  | (9,293 | ) |  |  | — |  |  |  | (12,051 | )
Income tax (benefit) expense |  |  | 758 |  |  |  | 575 |  |  |  | (1,949 | ) |  |  | — |  |  |  | (616 | )
Net (loss) income |  | $ | (6,337 | ) |  | $ | 2,246 |  |  | $ | (7,344 | ) |  | $ | — |  |  | $ | (11,435 | )
Total assets |  | $ | 2,883,732 |  |  | $ | 41,433 |  |  | $ | 372,515 |  |  | $ | (364,608 | ) |  | $ | 2,933,072 |
|  | As of and for the six months ended June 30, 2025 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 69,905 |  |  | $ | 181 |  |  | $ | — |  |  | $ | — |  |  | $ | 70,086 |
Interest expense |  |  | 29,833 |  |  |  | 40 |  |  |  | 1,382 |  |  |  | — |  |  |  | 31,255 |
Net interest income |  |  | 40,072 |  |  |  | 141 |  |  |  | (1,382 | ) |  |  | — |  |  |  | 38,831 |
Recovery of credit losses |  |  | (700 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (700 | )
Net interest income after recovery of credit losses |  |  | 40,772 |  |  |  | 141 |  |  |  | (1,382 | ) |  |  | — |  |  |  | 39,531 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments of other equity investments |  |  | — |  |  |  | — |  |  |  | (155 | ) |  |  | — |  |  |  | (155 | )
Residential mortgage banking income |  |  | 398 |  |  |  | 870 |  |  |  | — |  |  |  | — |  |  |  | 1,268 |
Mortgage servicing rights |  |  | — |  |  |  | (137 | ) |  |  | — |  |  |  | — |  |  |  | (137 | )
Other |  |  | 5,538 |  |  |  | — |  |  |  | — |  |  |  | (198 | ) |  |  | 5,340 |
Total noninterest income |  |  | 5,936 |  |  |  | 733 |  |  |  | (155 | ) |  |  | (198 | ) |  |  | 6,316 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 23,770 |  |  |  | 1,840 |  |  |  | — |  |  |  | — |  |  |  | 25,610 |
Occupancy and equipment |  |  | 2,446 |  |  |  | 64 |  |  |  | — |  |  |  | — |  |  |  | 2,510 |
Technology and communication |  |  | 4,539 |  |  |  | 810 |  |  |  | — |  |  |  | — |  |  |  | 5,349 |
Other |  |  | 10,450 |  |  |  | 555 |  |  |  | 684 |  |  |  | (198 | ) |  |  | 11,491 |
Total noninterest expense |  |  | 41,205 |  |  |  | 3,269 |  |  |  | 684 |  |  |  | (198 | ) |  |  | 44,960 |
Income (loss) before income tax expense |  |  | 5,503 |  |  |  | (2,395 | ) |  |  | (2,221 | ) |  |  | — |  |  |  | 887 |
Income tax expense (benefit) |  |  | 974 |  |  |  | (483 | ) |  |  | (466 | ) |  |  | — |  |  |  | 25 |
Net income (loss) |  | $ | 4,529 |  |  | $ | (1,912 | ) |  | $ | (1,755 | ) |  | $ | — |  |  | $ | 862 |
Total assets |  | $ | 2,517,642 |  |  | $ | 18,445 |  |  | $ | 370,393 |  |  | $ | (351,041 | ) |  | $ | 2,555,439 |
|  | As of and for the six months ended June 30, 2024 |
(Dollars in thousands) |  | Commercial Banking |  |  | Mortgage Banking |  |  | Parent Only |  |  | Eliminations |  |  | Blue Ridge Bankshares, Inc. Consolidated |
NET INTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  | $ | 82,378 |  |  | $ | 784 |  |  | $ | — |  |  | $ | — |  |  | $ | 83,162 |
Interest expense |  |  | 41,251 |  |  |  | 365 |  |  |  | 1,112 |  |  |  | — |  |  |  | 42,728 |
Net interest income |  |  | 41,127 |  |  |  | 419 |  |  |  | (1,112 | ) |  |  | — |  |  |  | 40,434 |
Provision for credit losses |  |  | 2,100 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 2,100 |
Net interest income after provision for credit losses |  |  | 39,027 |  |  |  | 419 |  |  |  | (1,112 | ) |  |  | — |  |  |  | 38,334 |
NONINTEREST INCOME |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fair value adjustments of other equity investments |  |  | — |  |  |  | — |  |  |  | (8,544 | ) |  |  | — |  |  |  | (8,544 | )
Residential mortgage banking income |  |  | — |  |  |  | 5,754 |  |  |  | — |  |  |  | — |  |  |  | 5,754 |
Mortgage servicing rights |  |  | — |  |  |  | 2,748 |  |  |  | — |  |  |  | — |  |  |  | 2,748 |
Other |  |  | 8,277 |  |  |  | — |  |  |  | 17 |  |  |  | (192 | ) |  |  | 8,102 |
Total noninterest income |  |  | 8,277 |  |  |  | 8,502 |  |  |  | (8,527 | ) |  |  | (192 | ) |  |  | 8,060 |
NONINTEREST EXPENSE |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salaries and employee benefits |  |  | 27,750 |  |  |  | 3,183 |  |  |  | 44 |  |  |  | — |  |  |  | 30,977 |
Occupancy and equipment |  |  | 2,585 |  |  |  | 242 |  |  |  | — |  |  |  | — |  |  |  | 2,827 |
Technology and communication |  |  | 3,969 |  |  |  | 642 |  |  |  | — |  |  |  | — |  |  |  | 4,611 |
Regulatory remediation |  |  | 4,041 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 4,041 |
Other |  |  | 17,509 |  |  |  | 1,510 |  |  |  | 462 |  |  |  | (192 | ) |  |  | 19,289 |
Total noninterest expense |  |  | 55,854 |  |  |  | 5,577 |  |  |  | 506 |  |  |  | (192 | ) |  |  | 61,745 |
(Loss) income before income tax expense |  |  | (8,550 | ) |  |  | 3,344 |  |  |  | (10,145 | ) |  |  | — |  |  |  | (15,351 | )
Income tax expense (benefit) |  |  | 437 |  |  |  | 661 |  |  |  | (2,121 | ) |  |  | — |  |  |  | (1,023 | )
Net (loss) income |  | $ | (8,987 | ) |  | $ | 2,683 |  |  | $ | (8,024 | ) |  | $ | — |  |  | $ | (14,328 | )
Total assets |  | $ | 2,883,732 |  |  | $ | 41,433 |  |  | $ | 372,515 |  |  | $ | (364,608 | ) |  | $ | 2,933,072 |

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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 + Details
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