Business Segments

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Business Segments

Note 22. Business Segments

The Company utilizes its subsidiaries and divisions to provide multiple business segments including retail banking, mortgage banking, and payroll processing services.  Revenues from retail banking operations consist primarily of interest earned on loans and investment securities and service charges on deposit accounts.  Mortgage banking operating revenues consist principally of gains on sales of loans in the secondary market, loan origination fee income and interest earned on mortgage loans held for sale.  Revenues from payroll processing services consist of fees charged to customers for payroll services.

Twelve Months Ended December 31, 2019
(Dollars in thousands)	Blue Ridge Bank		Blue Ridge Bank Mortgage Division		MoneyWise Payroll Solutions, Inc.		Parent Only		Eliminations		Blue Ridge Bankshares, Inc. Consolidated
Revenues:
Interest income	$	29,640	$	1,243	$	—	$	5	$	—	$	30,888
Service charges on deposit accounts		651		—		—		—		—		651
Mortgage banking income, net		—		14,433		—		—		—		14,433
Payroll processing revenue		—		—		980		—		—		980
Other operating income		2,649		—		—		110		(28)		2,731
Total income		32,940		15,676		980		115		(28)		49,683
Expenses:
Interest expense		8,132		679		—		709		—		9,520
Provision for loan losses		1,742		—		—		—		—		1,742
Salary and benefits		13,518		5,438		372		—		—		19,328
Other operating expenses		2,558		8,959		457		1,570		(28)		13,516
Total expense		25,950		15,076		829		2,279		(28)		44,106
Income (loss) before income taxes		6,990		600		151		(2,164)		—		5,577
Income tax expense		1,153		162		30		(372)		—		973
Net income (loss)	$	5,837	$	438	$	121	$	(1,792)	$	—	$	4,604
Net (income) loss attributable to noncontrolling interest	$	—	$	—	$	(24)	$	—	$	—	$	(24)
Net income (loss) attributable to Blue Ridge Bankshares	$	5,837	$	438	$	97	$	(1,792)	$	—	$	4,580

Twelve Months Ended December 31, 2018
(Dollars in thousands)	Blue Ridge Bank		Blue Ridge Bank Mortgage Division		MoneyWise Payroll Solutions, Inc.		Parent Only		Eliminations		Blue Ridge Bankshares, Inc. Consolidated
Revenues:
Interest income	$	21,909	$	521	$	—	$	7	$	—	$	22,437
Service charges on deposit accounts		635		—		—		—		—		635
Mortgage banking income, net		—		7,265		—		—		—		7,265
Payroll processing revenue		—		—		1,015		—		—		1,015
Other operating income		1,233		—		—		4		(28)		1,209
Total income		23,777		7,786		1,015		11		(28)		32,561
Expenses:
Interest expense		4,441		—		—		710		—		5,151
Provision for loan losses		1,225		—		—		—		—		1,225
Salary and benefits		6,153		5,284		406		—		—		11,843
Other operating expenses		5,868		1,983		528		271		(28)		8,622
Total expense		17,687		7,267		934		981		(28)		26,841
Income (loss) before income taxes		6,090		519		81		(970)		—		5,720
Income tax expense		1,222		115		14		(204)		—		1,147
Net income (loss)	$	4,868	$	404	$	67	$	(766)	$	—	$	4,573
Net (income) loss attributable to noncontrolling interest	$	—	$	—	$	(13)	$	—	$	—	$	(13)
Net income (loss) attributable to Blue Ridge Bankshares	$	4,868	$	404	$	54	$	(766)	$	—	$	4,560