| 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 |
|
|