For the year ended December 31, 2025

(Dollars in thousands)

Commercial Banking

Mortgage Banking

Parent Only

Eliminations

Blue Ridge
Bankshares,
Inc.
Consolidated

NET INTEREST INCOME

Interest income

$

137,575

$

198

$

—

$

—

$

137,773

Interest expense

56,858

40

2,014

—

58,912

   Net interest income

80,717

158

(2,014

)

—

78,861

Recovery of credit losses

(4,000

)

—

—

—

(4,000

)

   Net interest income after recovery for credit losses

84,717

158

(2,014

)

—

82,861

NONINTEREST INCOME

Fair value adjustments of other equity investments

—

—

(112

)

—

(112

)

Residential mortgage banking income

—

860

—

—

860

MSRs

—

(385

)

—

—

(385

)

Income on sale of MSRs

—

1,427

—

—

1,427

Other

11,442

—

—

(396

)

11,046

   Total noninterest income

11,442

1,902

(112

)

(396

)

12,836

NONINTEREST EXPENSE

Salaries and employee benefits

44,271

1,903

—

—

46,174

Occupancy and equipment

4,844

75

—

—

4,919

Technology and communication

8,696

1,044

—

—

9,740

Other taxes and assessments

3,719

(41

)

—

—

3,678

Other

16,242

665

900

(396

)

17,411

   Total noninterest expense

77,772

3,646

900

(396

)

81,922

Income (loss) before income tax expense

18,387

(1,586

)

(3,026

)

—

13,775

Income tax expense (benefit)

4,205

(483

)

(656

)

—

3,066

Net income (loss)

$

14,182

$

(1,103

)

$

(2,370

)

$

—

$

10,709

Total assets

$

2,413,394

$

607

$

345,991

$

(327,403

)

$

2,432,589

For the year ended December 31, 2024

(Dollars in thousands)

Commercial Banking

Mortgage Banking

Parent Only

Eliminations

Blue Ridge
Bankshares,
Inc.
Consolidated

NET INTEREST INCOME

Interest income

$

158,855

$

1,465

$

—

$

—

$

160,320

Interest expense

78,577

668

2,414

—

81,659

   Net interest income

80,278

797

(2,414

)

—

78,661

Recovery of credit losses

(5,100

)

—

—

—

(5,100

)

   Net interest income after recovery of credit losses

85,378

797

(2,414

)

—

83,761

NONINTEREST INCOME

Fair value adjustments of other equity investments

—

—

(8,152

)

—

(8,152

)

Residential mortgage banking income

—

9,752

—

—

9,752

MSRs

—

629

—

—

629

Loss on sale of MSRs

—

(3,607

)

—

—

(3,607

)

Other

15,513

—

(178

)

(384

)

14,951

   Total noninterest income

15,513

6,774

(8,330

)

(384

)

13,573

NONINTEREST EXPENSE

Salaries and employee benefits

52,421

5,740

—

—

58,161

Occupancy and equipment

5,137

440

—

—

5,577

Technology and communication

8,670

1,354

—

—

10,024

Regulatory remediation

4,671

—

—

—

4,671

Other

31,913

2,494

1,385

(384

)

35,408

   Total noninterest expense

102,812

10,028

1,385

(384

)

113,841

Loss before income tax expense

(1,921

)

(2,457

)

(12,129

)

—

(16,507

)

Income tax expense (benefit)

2,118

(554

)

(2,686

)

—

(1,122

)

Net loss

$

(4,039

)

$

(1,903

)

$

(9,443

)

$

—

$

(15,385

)

Total assets

$

2,704,917

$

27,756

$

363,296

$

(358,709

)

$

2,737,260