Blue Ridge Bankshares (BRBS) 10-Q 6 Aug 24 2024 Q2 Quarterly report Financial data

Cover Page

Cover Page - shares	6 Months Ended
	Jun. 30, 2024	Aug. 01, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Registrant Name	BLUE RIDGE BANKSHARES, INC.
Entity Central Index Key	0000842717
Current Fiscal Year End Date	--12-31
Entity File Number	001-39165
Entity Incorporation, State or Country Code	VA
Entity Tax Identification Number	54-1838100
Entity Address, Address Line One	1801 Bayberry Court, Suite 101
Entity Address, City or Town	Richmond
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	23226
City Area Code	540
Local Phone Number	743-6521
Trading Symbol	BRBS
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Title of 12(b) Security	Common Stock, no par value
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		73,502,381
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 124,607	$ 110,491	[1]
Restricted cash	5,924	10,660	[1]
Federal funds sold	5,219	4,451	[1]
Securities available for sale, at fair value	307,427	321,081	[1]
Restricted equity investments	18,236	18,621	[1]
Other equity investments	4,354	12,905	[1]
Other investments	21,099	29,467	[1]
Loans held for sale	54,377	46,337	[1]
Loans held for investment, net of deferred fees and costs	2,259,279	2,430,947	[1]
Less: allowance for credit losses	(28,036)	(35,893)	[1]
Loans held for investment, net	2,231,243	2,395,054	[1]
Accrued interest receivable	14,172	14,967	[1]
Premises and equipment, net	21,746	22,348	[1]
Right-of-use asset	8,208	8,738	[1]
Bank owned life insurance	42,446	48,453	[1]
Other intangible assets	4,548	5,382	[1]
Mortgage servicing rights, net	29,862	27,114	[1]
Deferred tax asset, net	21,051	21,556	[1]
Other assets	18,553	19,929	[1]
Total assets	2,933,072	3,117,554	[1]
Deposits:
Noninterest-bearing demand	470,128	506,248	[1]
Interest-bearing demand and money market	769,870	1,049,536	[1]
Savings	106,619	117,923	[1]
Time	979,222	892,325	[1]
Total deposits	2,325,839	2,566,032	[1]
FHLB borrowings	202,900	210,000	[1]
FRB borrowings	0	65,000	[1]
Subordinated notes, net	39,822	39,855	[1]
Lease liabilities	8,947	9,619	[1]
Other liabilities	29,950	41,059	[1]
Total liabilities	2,607,458	2,931,565	[1]
Commitments and contingencies (Note 8)
Stockholders’ Equity:
Common stock, no par value; 150,000,000 and 50,000,000 shares authorized at June 30, 2024 and December 31, 2023, respectively; 73,503,647 and 19,198,379 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	300,976	197,636	[1]
Series C preferred stock, $50 per share par value; 250,000 shares authorized at June 30, 2024 and December 31, 2023, respectively; 2,732 and 0 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	137	0	[1]
Additional paid-in capital	50,155	252	[1]
Retained earnings	18,829	33,157	[1]
Accumulated other comprehensive loss, net of tax	(44,483)	(45,056)	[1]
Total stockholders’ equity	325,614	185,989	[1]
Total liabilities and stockholders’ equity	$ 2,933,072	$ 3,117,554	[1]
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2024	Dec. 31, 2023
Common stock, no par value	$ 0	$ 0
Common stock, shares authorized	150,000,000	50,000,000
Common stock, shares, issued	73,503,647	19,198,379
Stock option outstanding , Shares	73,503,647	19,198,379
Series C Preferred Stock [Member]
Preferred stock, par value	$ 50	$ 50
Preferred stock, shares authorized	250,000	250,000
Preferred Stock, shares issued	0	2,732
Preferred stock, shares outstanding	0	2,732

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
INTEREST INCOME
Interest and fees on loans	$ 36,196	$ 38,326	$ 74,542	$ 75,457
Interest on securities, deposit accounts, and federal funds sold	4,435	4,134	8,620	7,893
Total interest income	40,631	42,460	83,162	83,350
INTEREST EXPENSE
Interest on deposits	17,272	14,624	35,757	25,955
Interest on subordinated notes	552	547	1,112	1,100
Interest on FHLB and FRB borrowings	2,722	3,399	5,859	7,209
Total interest expense	20,546	18,570	42,728	34,264
Net interest income	20,085	23,890	40,434	49,086
Provision for credit losses - loans	3,600	10,613	3,600	9,503
Recovery of credit losses - unfunded commitments	(500)	(600)	(1,500)	(1,000)
Total provision for credit losses	3,100	10,013	2,100	8,503
Net interest income after provision for credit losses	16,985	13,877	38,334	40,583
NONINTEREST INCOME
Fair value adjustments of other equity investments	(8,537)	(281)	(8,544)	(332)
Residential mortgage banking income	3,090	3,145	5,754	6,344
Mortgage servicing rights	2,019	1,150	2,748	(746)
Gain on sale of guaranteed government loans	11	2,384	121	4,793
Wealth and trust management	623	462	1,143	894
Service charges on deposit accounts	423	349	821	692
Increase in cash surrender value of bank owned life insurance	333	292	670	574
Bank and purchase card, net	513	560	755	900
Other	1,833	1,675	4,665	3,900
Total noninterest income	308	9,736	8,133	17,019
NONINTEREST EXPENSE
Salaries and employee benefits	14,932	14,518	30,977	29,807
Occupancy and equipment	1,303	1,913	2,827	3,482
Data processing	896	1,131	2,002	2,477
Legal and regulatory filings	363	2,753	810	3,987
Advertising and marketing	183	337	480	623
Communications	1,436	1,171	2,609	2,302
Audit and accounting fees	295	503	1,450	649
FDIC insurance	1,817	1,246	3,194	1,975
Intangible amortization	276	335	563	690
Other contractual services	1,760	3,218	3,477	4,157
Other taxes and assessments	588	803	1,531	1,605
Regulatory remediation	1,397	2,388	4,041	3,522
Other	4,098	3,736	7,857	7,623
Total noninterest expense	29,344	34,052	61,818	62,899
Loss before income tax expense	(12,051)	(10,439)	(15,351)	(5,297)
Income tax benefit	(616)	(1,826)	(1,023)	(654)
Net loss	(11,435)	(8,613)	(14,328)	(4,643)
Dividends on preferred stock	150	0	150	0
Net loss attributable to common shareholders	$ (11,585)	$ (8,613)	$ (14,478)	$ (4,643)
Basic loss per common share	$ (0.47)	$ (0.45)	$ (0.66)	$ (0.25)
Diluted loss per common share	$ (0.47)	$ (0.45)	$ (0.66)	$ (0.25)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive (Loss) Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Statement of Comprehensive Income [Abstract]
Net loss	$ (11,435)	$ (8,613)	$ (14,328)	$ (4,643)
Other comprehensive income (loss):
Gross unrealized gains (losses) on securities available for sale arising during the period	3,941	(6,469)	1,012	(1,490)
Deferred income tax (expense) benefit	(862)	1,446	(491)	333
Reclassification of net loss on securities available for sale included in net income	67	0	67	0
Income tax benefit	(15)	0	(15)	0
Unrealized gains (losses) on securities available for sale arising during the period, net of tax	3,131	(5,023)	573	(1,157)
Other comprehensive gain (loss), net of tax	3,131	(5,023)	573	(1,157)
Comprehensive net loss	$ (8,304)	$ (13,636)	$ (13,755)	$ (5,800)

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total		Cumulative Effect, Period of Adoption, Adjustment [Member]	Private Placement [Member]	Series C Preferred Stock [Member]	Common Stock [Member]	Common Stock [Member] Private Placement [Member]	Preferred Stock [Member] Series C Preferred Stock [Member]	Preferred Stock [Member] Series C Preferred Stock [Member] Private Placement [Member]	Additional Paid-in Capital [Member]	Additional Paid-in Capital [Member] Private Placement [Member]	Retained Earnings [Member]	Retained Earnings [Member] Cumulative Effect, Period of Adoption, Adjustment [Member]	Accumulated Other Comprehensive (Gain) Loss, net
Beginning Balance at Dec. 31, 2022	$ 248,793					$ 195,960				$ 252		$ 97,682		$ (45,101)
Beginning Balance, Shares at Dec. 31, 2022						18,950,329
Net loss	(4,643)											(4,643)
Other comprehensive income (loss)	(1,157)													(1,157)
Dividends on common stock	(4,641)											(4,641)
Stock option exercises	26					$ 26
Stock option exercises, Shares						3,750
Restricted stock awards, net of forfeitures	936					$ 936
Restricted stock awards, net of forfeitures, Shares						(26,842)
Dividend reinvestment plan issuances	68					$ 68
Dividend reinvestment plan issuances, shares						6,400
Ending Balance at Jun. 30, 2023	231,271		$ (8,111)			$ 196,990				252		80,287	$ (8,111)	(46,258)
Ending Balance, Shares at Jun. 30, 2023						18,933,637
Beginning Balance at Mar. 31, 2023	246,735					$ 196,498				252		91,220		(41,235)
Beginning Balance, Shares at Mar. 31, 2023						18,942,091
Net loss	(8,613)											(8,613)
Other comprehensive income (loss)	(5,023)													(5,023)
Dividends on common stock	(2,320)											(2,320)
Restricted stock awards, net of forfeitures	457					$ 457
Restricted stock awards, net of forfeitures, Shares						(12,210)
Dividend reinvestment plan issuances	35					$ 35
Dividend reinvestment plan issuances, shares						3,756
Ending Balance at Jun. 30, 2023	231,271		$ (8,111)			$ 196,990				252		80,287	$ (8,111)	(46,258)
Ending Balance, Shares at Jun. 30, 2023						18,933,637
Beginning Balance at Dec. 31, 2023	185,989	[1]				$ 197,636				252		33,157		(45,056)
Beginning Balance, Shares at Dec. 31, 2023						19,198,379
Net loss	(14,328)											(14,328)
Other comprehensive income (loss)	573													573
Issuance of stock and warrants from Private Placements, net of issuance costs				$ 152,474			$ 102,434		$ 137		$ 49,903
Issuance of stock and warrants from Private Placements, net of issuance costs, Shares							53,922,000		2,732
Restricted stock awards, net of forfeitures	906					$ 906
Restricted stock awards, net of forfeitures, Shares						383,268
Ending Balance at Jun. 30, 2024	325,614					$ 300,976		$ 137		50,155		18,829		(44,483)
Ending Balance, Shares at Jun. 30, 2024						73,503,647		2,732
Beginning Balance at Mar. 31, 2024	180,906					$ 198,004				252		30,264		(47,614)
Beginning Balance, Shares at Mar. 31, 2024						19,584,040
Net loss	(11,435)											(11,435)
Other comprehensive income (loss)	3,131													3,131
Issuance of stock and warrants from Private Placements, net of issuance costs				$ 152,474			$ 102,434		$ 137		$ 49,903
Issuance of stock and warrants from Private Placements, net of issuance costs, Shares							53,922,000		2,732
Restricted stock awards, net of forfeitures	538					$ 538
Restricted stock awards, net of forfeitures, Shares					0	(2,393)
Ending Balance at Jun. 30, 2024	$ 325,614					$ 300,976		$ 137		$ 50,155		$ 18,829		$ (44,483)
Ending Balance, Shares at Jun. 30, 2024						73,503,647		2,732
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash Flows From Operating Activities
Net loss	$ (14,328)	$ (4,643)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	811	877
Deferred income tax expense (benefit)	505	(2,130)
Provision for credit losses - loans	3,600	9,503
Recovery of credit losses - unfunded commitments	(1,500)	(1,000)
Accretion of fair value adjustments (discounts) on acquired loans	(603)	(1,161)
Accretion of fair value adjustments (premiums) on acquired time deposits	(178)	(506)
Accretion of fair value adjustments (premiums) on acquired subordinated notes	(50)	(50)
Proceeds from sale of mortgage loans held for sale	132,141	116,540
Mortgage loans held for sale, originated	(131,359)	(115,528)
Gain on sale of mortgage loans	(616)	(995)
Proceeds from sale of guaranteed government loans held for sale	1,616	69,449
Guaranteed government loans held for sale, originated	(293)	(49,708)
Gain on sale of guaranteed government loans	(121)	(4,793)
Loss on disposal of premises and equipment	0	14
(Gain) loss on sale of other investments and other assets	(257)	518
Loss on sale of securities available for sale	67	0
Investment amortization expense, net	276	348
Amortization of subordinated debt issuance costs	17	18
Intangible amortization	563	690
Fair value adjustments of other equity investments	8,544	332
Net adjustments attributable to mortgage servicing rights	(2,748)	745
Increase in cash surrender value of bank owned life insurance	(670)	(574)
Decrease (increase) in accrued interest receivable	795	(3,905)
Decrease (increase) in other assets	1,736	(10,966)
(Decrease) increase in other liabilities	(10,281)	19,577
Cash (used in) provided by operating activities	(12,333)	22,652
Cash Flows From Investing Activities
Net decrease (increase) in loans held for investment	151,406	(65,448)
Net increase in federal funds sold	(768)	(1,066)
Proceeds from calls, sales, paydowns, and maturities of securities available for sale	14,457	12,690
Proceeds from sale of other investments, other assets, and other real estate owned	11,570	264
Proceeds from surrender of bank owned life insurance policies	6,677	0
Net decrease in Paycheck Protection Program loans	0	4,733
Net change in restricted equity and other investments	(100)	3,499
Purchase of premises and equipment	(209)	(643)
Proceeds from sale of premises and equipment and other assets	0	1,005
Proceeds from sale of LSMG	0	250
Capital calls of SBIC funds and other investments	(2,161)	(2,594)
Nonincome distributions from SBIC funds and other investments	482	332
Cash provided by (used in) investing activities	181,354	(46,978)
Cash Flows From Financing Activities:
Net decrease in demand, savings, and other interest-bearing deposits	(327,090)	(109,471)
Net increase in time deposits	87,075	220,564
Common stock dividends paid	0	(4,641)
FHLB advances	586,000	1,080,000
FHLB repayments	(593,100)	(1,172,600)
FRB advances	0	65,000
FRB repayments	(65,000)	(51)
Proceeds from Private Placements, net of issuance costs	152,474	0
Stock option exercises	0	26
Dividend reinvestment plan issuances	0	68
Cash (used in) provided by financing activities	(159,641)	78,895
Net increase in cash and due from banks	9,380	54,569
Cash and due from banks and restricted cash at beginning of period	121,151	77,274
Cash and due from banks and restricted cash at end of period	130,531	131,843
Supplemental Schedule of Cash Flow Information
Interest	43,425	28,999
Income taxes	6	6,656
Non-cash investing and financing activities:
Unrealized gains (losses) on securities available for sale	1,012	(1,490)
Restricted stock awards, net of forfeitures	906	936
Cumulative effect adjustment due to adoption of accounting standard, net of income taxes	$ 0	$ (8,111)

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ (11,435)	$ (8,613)	$ (14,328)	$ (4,643)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Organization and Basis of Prese

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Basis of Presentation	Note 1 – Organization and Basis of Presentation Blue Ridge Bankshares, Inc. (the “Company”) conducts its business activities primarily through its wholly-owned subsidiary bank, Blue Ridge Bank, National Association (the “Bank”) and its wealth and trust management subsidiary, BRB Financial Group, Inc. (the “Financial Group”). The Company exists primarily for the purposes of holding the stock of its subsidiaries, the Bank and the Financial Group. The accompanying unaudited consolidated financial statements of the Company include the accounts of the Bank and the Financial Group and were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and general practices within the banking industry. All significant intercompany balances and transactions have been eliminated in consolidation. These interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, as amended (the “2023 Form 10-K”). The Company's significant accounting policies are disclosed in Note 2 of the audited financial statements and notes for the year ended December 31, 2023 and are contained in the 2023 Form 10-K. There have been no significant changes to the application of significant accounting policies since December 31, 2023. Certain amounts presented in the consolidated financial statements of prior periods have been reclassified to conform to current year presentations. The reclassifications had no effect on net income (loss), net earnings (loss) per share, total assets, total liabilities, or stockholders' equity as previously reported. Restatement On October 31, 2023, the Company and the Audit Committee of its board of directors, after consultation with the Company’s independent registered public accounting firm and the Office of the Comptroller of the Currency (“OCC”), the Bank's primary federal banking regulator, determined that certain specialty finance loans that, as previously disclosed, were placed on nonaccrual, reserved for, or charged off in the interim periods ended March 31, 2023 and June 30, 2023 should have been reported as nonaccrual, reserved for, or charged off in earlier periods. On November 14, 2023, the Company filed amendments to its Annual Report on Form 10-K for the year ended December 31, 2022 and its Quarterly Reports on Form 10-Q for the periods ended March 31, 2023 and June 30, 2023 to restate the consolidated financial statements included therein. The Company does not believe that the restatements reflect any significant financial impact on the Company's financial condition as of June 30, 2024, or any trends in the Company's business or its prospects. The consolidated financial statements included in this Quarterly Report on Form 10-Q reflect the effects of the aforementioned restatement as of and for the quarterly and six-month periods ended June 30, 2023. Regulatory Matters On January 24, 2024, the Bank consented to the issuance of a consent order (the “Consent Order”) with the OCC. The Consent Order generally incorporates the provisions of the formal written agreement (the "Written Agreement") entered into between the Bank and the OCC on August 29, 2022, as well as adding new provisions. The Written Agreement principally concerned the Bank’s fintech operations and required the Bank to continue enhancing its controls for assessing and managing the third-party, Bank Secrecy Act/Anti-Money Laundering, and information technology risks stemming from its fintech partnerships. The Consent Order adds time frames by which certain of the directives are required, requires the Bank to submit a strategic plan and a capital plan, and places further restrictions on the Company’s fintech operations. The Consent Order also requires the Bank to maintain a leverage ratio of 10.0 % and a total capital ratio of 13.0 %, referred to as minimum capital ratios. Complete copies of the Written Agreement and the Consent Order are included as Exhibits 10.14 and 10.15, respectively, to the 2023 Form 10-K. Private Placements On April 3, 2024 and June 13, 2024, the Company closed private placements in which it issued and sold shares of its common and preferred stock for gross proceeds of $ 150.0 million and $ 11.6 million, respectively (collectively, the "Private Placements"). At a special meeting of shareholders held June 20, 2024, the Company’s shareholders approved the conversion of the preferred shares issued in the Private Placements into shares of the Company’s common stock. On June 28, 2024, all outstanding shares of the Company’s Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series B (the “Series B Preferred Stock”) were automatically converted into shares of the Company’s common stock. The outstanding shares of the Company’s Mandatorily Convertible Cumulative Perpetual Preferred Stock, Series C (the “Series C Preferred Stock”), remained outstanding at June 30, 2024. Subsequent to June 30, 2024, the holder of Series C Preferred Stock received regulatory non-objection to exchange the Series C Preferred Stock for common stock as stipulated in the Private Placements. The Company expects the exchange for shares of the Company's common stock will be completed during the third quarter of 2024. Capital proceeds received, net of issuance costs, from the Private Placements totaled $ 152.5 million. The Private Placements also included the issuance of warrants for 6,549 shares of Series B Preferred Stock and warrants for 1,441 shares of Series C Preferred Stock. Each warrant can be exercised to purchase shares at a price of $ 10 thousand per share. On June 28, 2024, the warrants for preferred stock converted to warrants for common stock, except the Series C Preferred Stock warrants for the reasons noted above relating to the Series C Preferred Stock. The conversion rate on the warrants from preferred stock to common stock was 4,000 shares of common per preferred share. The warrants have 5-year terms and expire April 3, 2029 . Holders of the warrants may exercise them in whole or in part and may utilize an option for cashless exercise for a net number of shares. The Company intends to use the capital from the Private Placements to propel its near-term strategic initiatives, which include repositioning business lines, supporting organic growth, and further enhancing the Bank’s capital levels, including compliance with the minimum capital ratios set forth in the Consent Order, which requires the Bank to maintain a tier 1 leverage ratio of 10.0 % and a total risk-based capital ratio of 13.0 %. As of June 30, 2024, the Bank’s capital ratios exceeded these minimum capital ratios. The following tables summarize the effect of the Private Placements on the Company's shares of common and preferred stock in the second quarter of 2024. Effect of Private Placements on Common Stock Number of Shares Common stock Shares issued on April 3, 2024 and June 13, 2024 3,690,000 Shares of Series B Preferred Stock converted into common stock on June 28, 2024 (1) 50,232,000 Increase in shares of common stock 53,922,000 Warrants issued to purchase common stock (2, 3) 26,195,999 (1) The conversion rate for Series B Preferred Stock into common stock was 4,000 common shares per preferred share. (2) The conversion rate for warrants for Series B Preferred Stock into warrants for common stock was 4,000 common shares per preferred share. (3) The warrants for Series B Preferred Stock converted into warrants for common stock on June 28, 2024. Number of Shares Effect of Private Placements on Preferred Stock Series B Series C Preferred stock Shares issued on April 3, 2024 and June 13, 2024 12,558 2,732 Shares of preferred stock that converted into common stock on June 28, 2024 (1) ( 12,558 ) — Increase in shares of preferred stock — 2,732 Warrants, preferred stock Warrants issued 6,549 1,441 Warrants for preferred stock that converted into warrants for common stock (2) ( 6,549 ) — Increase in warrants for preferred stock — 1,441 (1) The conversion rate for preferred stock into common stock was 4,000 common shares per preferred share. (2) Subsequent to June 30, 2024, the holder of Series C Preferred Stock received regulatory non-objection to exchange the Series C Preferred Stock for common stock as stipulated in the Private Placements. The Company expects the exchange for shares of the Company's common stock will be completed during the third quarter of 2024 In accordance with Accounting Standards Codification ("ASC") 820 - Fair Value Measurements, the Company engaged an third-party valuation firm to calculate the fair value of the stock warrants issued as part of the Private Placements. The Black-Scholes Option Pricing Model ("BSOPM") was used for the valuation, and incorporated grant date assumptions including the fair value of the underlying stock, strike price, risk-free interest rate, term, and expected volatility. The issued warrants have been accounted for as freestanding, equity-linked financial instruments. The following table presents the assumptions used in the calculation of the fair value of the warrants issued in connection with the Private Placements. Issued April 3, 2024 Issued June 13, 2024 Assumptions Common Stock Warrants Series C Preferred Stock Warrants Common Stock Warrants Fair value per warrant $ 1.34 $ 1.34 (1) $ 1.49 Stock price per share $ 2.76 $ 2.76 (1) $ 2.99 Strike price per share $ 2.50 $ 2.50 (1) $ 2.50 Risk-free interest rate 4.40 % 4.40 % 4.30 % Term (years) 5.00 5.00 4.81 Expected volatility 45.00 % 45.00 % 45.00 % (1) Presented on a common share equivalent basis. The $ 152.5 million net proceeds from the Private Placements were allocated amongst the individual freestanding financial instruments, including common stock, Series C Preferred Stock, and stock warrants, based on the relative fair value method. The fair value of the Series C Preferred Stock in excess of par value has been classified as additional paid-in capital on the consolidated balance sheets. The fair value of the issued warrants has also been classified as additional paid-in capital on the consolidated balance sheets. Recent Accounting Pronouncements (Issued But Not Adopted) Improvements to Reportable Segment Disclosures . In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2023-07–Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires a public entity to disclose significant segment expenses and other segment items on an annual and interim basis and provide in interim periods certain disclosures that are currently required annually. Additionally, the ASU requires a public entity to disclose the title and position of the Chief Operating Decision Maker ("CODM"), as well as the metric that the CODM uses to gauge segment performance. The ASU does not change how a public entity identifies its operating segments, aggregates them, or applies the quantitative thresholds to determine its reportable segments. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. This ASU requires retrospective application to all prior periods presented in the financial statements. The adoption of this ASU will only impact disclosures, with no impacts to results of operations, cash flows, and financial condition. Improvements to Income Tax Disclosures . In December 2023, the FASB issued ASU No. 2023-09–Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. This standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The ASU requires prospective application by providing the revised disclosures for the period ending December 31, 2025 and continuing to provide the pre-ASU disclosures for the prior periods, or alternately applying the amendments retrospectively by providing the revised disclosures for all period presented. The Company does not expect the adoption of this ASU to have a material effect on its consolidated financial statements.

Investment Securities and Other

Investment Securities and Other Investments	6 Months Ended
	Jun. 30, 2024
Schedule of Investments [Abstract]
Investment Securities and Other Investments	Note 2 – In vestment Securities and Other Investments Investment securities classified as available for sale ("AFS") are carried at fair value in the consolidated balance sheets. The following tables present amortized cost, fair values, and gross unrealized gains and losses of investment securities AFS as of the dates stated. June 30, 2024 (Dollars in thousands) Amortized Gross Gross Fair Available for sale Mortgage backed securities $ 198,042 $ — $ ( 34,929 ) $ 163,113 U.S. Treasury and agencies 79,634 — ( 10,739 ) 68,895 State and municipal 50,356 — ( 7,353 ) 43,003 Corporate bonds 36,889 — ( 4,473 ) 32,416 Total investment securities $ 364,921 $ — $ ( 57,494 ) $ 307,427 December 31, 2023 (Dollars in thousands) Amortized Gross Gross Fair Available for sale Mortgage backed securities $ 212,214 $ — $ ( 35,244 ) $ 176,970 U.S. Treasury and agencies 79,856 — ( 10,985 ) 68,871 State and municipal 50,682 — ( 7,357 ) 43,325 Corporate bonds 36,902 12 ( 4,999 ) 31,915 Total investment securities $ 379,654 $ 12 $ ( 58,585 ) $ 321,081 As of June 30, 2024 and December 31, 2023 , securities with a fair value of $ 266.7 million and $ 35.9 million, respectively, were pledged to secure the Bank’s line of credit with the Federal Home Loan Bank of Atlanta ("FHLB"). As of December 31, 2023 , the Company pledged securities with $ 260.9 million of par value (amortized cost and fair value of $ 262.7 million and $ 218.7 million, respectively) as collateral for the Bank Term Funding Program (“BTFP”) established by the Board of Governors of the Federal Reserve System. At June 30, 2024, there were no securities pledged as collateral for the BTFP. The following table presents the amortized cost and fair value of securities AFS by contractual maturity as of the date stated. Expected maturities may differ from contractual maturities, as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2024 (Dollars in thousands) Amortized Fair Due in one year or less $ 3,017 $ 2,970 Due after one year through five years 47,585 43,335 Due after five years through ten years 115,602 98,808 Due after ten years 198,717 162,314 Total $ 364,921 $ 307,427 The following tables present a summary of unrealized losses and the length of time securities have been in a continuous loss position, by security type and number of securities, as of the dates stated. June 30, 2024 Less than 12 Months 12 Months or Greater Total (Dollars in thousands) Number of Securities Fair Unrealized Fair Unrealized Fair Unrealized Mortgage backed securities 80 $ — $ — $ 163,113 $ ( 34,929 ) $ 163,113 $ ( 34,929 ) U.S. Treasury and agencies 29 275 ( 1 ) 68,619 ( 10,738 ) 68,894 ( 10,739 ) State and municipal 70 1,282 ( 13 ) 41,446 ( 7,340 ) 42,728 ( 7,353 ) Corporate bonds 40 6,853 ( 696 ) 24,813 ( 3,777 ) 31,666 ( 4,473 ) Total 219 $ 8,410 $ ( 710 ) $ 297,991 $ ( 56,784 ) $ 306,401 $ ( 57,494 ) December 31, 2023 Less than 12 Months 12 Months or Greater Total (Dollars in thousands) Number of Securities Fair Unrealized Fair Unrealized Fair Unrealized Mortgage backed securities 86 $ 7,497 $ ( 45 ) $ 169,474 $ ( 35,199 ) $ 176,971 $ ( 35,244 ) U.S. Treasury and agencies 29 283 ( 1 ) 68,399 ( 10,984 ) 68,682 ( 10,985 ) State and municipal 65 536 ( 9 ) 41,118 ( 7,348 ) 41,654 ( 7,357 ) Corporate bonds 39 7,469 ( 830 ) 21,683 ( 4,169 ) 29,152 ( 4,999 ) Total 219 $ 15,785 $ ( 885 ) $ 300,674 $ ( 57,700 ) $ 316,459 $ ( 58,585 ) The Company evaluates the fair value and credit quality of its securities AFS portfolio no less than quarterly. At June 30, 2024 and December 31, 2023, the majority of securities in an unrealized loss position were of investment grade; however, a portion of the portfolio does not have a third-party investment grade available. These ungraded securities were primarily subordinated debt instruments issued by bank holding companies and are classified as corporate bonds in the tables above. The Company evaluated the issuers of these individually, observing that each issuer had strong capital ratios and profitability thereby indicating limited exposure to asset quality or liquidity issues, which resulted in no identifiable credit losses. Investment securities with unrealized losses are generally attributable to pricing changes due to changes in the interest rate environment since purchase and not as a result of permanent credit impairment. Contractual cash flows for mortgage backed securities and U.S. Treasury and agencies are guaranteed and/or funded by the U.S. government and government agencies. State and municipal securities showed no indication that the contractual cash flows would not be received when due. The Company does not intend to sell, nor does it believe that it will be required to sell, any of its temporarily impaired securities prior to the recovery of the amortized cost. As of June 30, 2024 and December 31, 2023, there was no allowance for credit losses (“ACL”) against the Company's securities AFS portfolio. Restricted equity investments consiste d of stock in the FHLB (carrying value of $ 11.9 million and $ 12.3 million as of June 30, 2024 and December 31, 2023 , respectively), stock in the Federal Reserve Bank of Richmond ("FRB") (carrying value of $ 5.9 million at both June 30, 2024 and December 31, 2023), and stock in the Bank’s correspondent bank (carrying value of $ 468 thousand at both June 30, 2024 and December 31, 2023). Restricted equity investments are carried at cost. The Company also has various other equity investments, including an investment in a fintech company and limited partnerships, totaling $ 4.4 million and $ 12.9 million as of June 30, 2024 and December 31, 2023, respectively. The Company reports such investments at fair value if observable market transactions have occurred in similar securities, resulting in a new carrying value that is evaluated for impairment no less than quarterly. These impairment analyses may include quantitative and/or qualitative information obtained either directly from the investee, a third-party broker, or a third-party valuation firm. If a potential impairment has been identified, the carrying value of the investment would be written down to its estimated fair market value through a charge to earnings. In the second quarter of 2024, the Company identified potential impairment triggers related to its holdings, mainly due to regulatory pressures on banks partnering with fintech companies in the banking-as-a-service sector. These pressures led some fintech companies to announce cost-saving measures and at least one to seek bankruptcy protection. As a result, the Company engaged a third-party valuation firm to value the Company's investment in a fintech company. This valuation re sulted in an $ 8.5 million impairment charge, recorded in fair value adjustments of other equity investments, to adjust the investment to its estimated fair market value as of June 30, 2024. The Company also holds investments in early-stage focused investment funds, small business investment companies ("SBIC"), and low-income housing partnerships, which totaled $ 21.1 million an d $ 29.5 million as of June 30, 2024 and December 31, 2023, respectively, and are reported in other investments on the consolidated balance sheets. These investments do not have readily-determinable fair values, are generally reported at amortized cost, and are periodically evaluated for potential impairment. In the second quarter of 2024, the Company sold $ 6.4 million of its SBIC investments at a $ 69 thousand loss, which is reported in other noninterest income.

Loans and ACL

Loans and ACL	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Loans and ACL	Note 3 – Loan s and ACL The following table presents the amortized cost of loans held for investment as of the dates stated. (Dollars in thousands) June 30, 2024 December 31, 2023 Commercial and industrial $ 401,589 $ 508,944 Real estate – construction, commercial 135,517 180,052 Real estate – construction, residential 55,849 75,832 Real estate – commercial 879,098 870,540 Real estate – residential 727,246 730,110 Real estate – farmland 5,717 5,470 Consumer 53,427 59,169 Gross loans 2,258,443 2,430,117 Deferred loan fees, net of costs 836 830 Total $ 2,259,279 $ 2,430,947 The Company has pledged certain commercial and residential mortgages as collateral for borrowings with the FHLB. Loans totaling $ 829.2 million and $ 767.1 million were pledged as of June 30, 2024 and December 31, 2023, respectively. T he Company has pledged certain commercial and industrial loans totaling $ 81.2 million and $ 161.0 million as collateral for borrowings with the FRB Discount Window as of June 30, 2024 and December 31, 2023, respectively. The decline in the amount pledged at the FRB Discount Window was primarily due to paydowns and payoffs of the commercial and industrial loans serving as collateral. The following tables present the aging of the amortized cost of loans held for investment by loan category as of the dates stated. June 30, 2024 (Dollars in thousands) Current 30-59 60-89 Greater than Nonaccrual Total Commercial and industrial $ 384,877 $ 2,150 $ 1,526 $ 2,751 $ 10,285 $ 401,589 Real estate – construction, commercial 134,017 — 1,180 — 320 135,517 Real estate – construction, residential 55,849 — — — — 55,849 Real estate – commercial 863,718 8,647 359 — 6,374 879,098 Real estate – residential 717,816 501 2,906 — 6,023 727,246 Real estate – farmland 5,717 — — — — 5,717 Consumer 49,515 2,195 672 376 669 53,427 Less: Deferred loan fees, net of costs 836 — — — — 836 Total Loans $ 2,212,345 $ 13,493 $ 6,643 $ 3,127 $ 23,671 $ 2,259,279 December 31, 2023 (Dollars in thousands) Current 30-59 60-89 Greater than Nonaccrual Total Commercial and industrial $ 464,939 $ 2,235 $ 632 $ 1,709 $ 39,429 $ 508,944 Real estate – construction, commercial 177,653 2,016 — — 383 180,052 Real estate – construction, residential 75,309 523 — — — 75,832 Real estate – commercial 855,263 2,109 714 574 11,880 870,540 Real estate – residential 717,141 5,101 288 — 7,580 730,110 Real estate – farmland 5,470 — — — — 5,470 Consumer 55,084 2,298 279 754 754 59,169 Deferred loan fees, net of costs 830 — — — — 830 Total Loans $ 2,351,689 $ 14,282 $ 1,913 $ 3,037 $ 60,026 $ 2,430,947 As a result of an agreement the Company executed in the second quarter of 2024 to sell a nonperforming specialty finance loan to a third party, the Company reclassified this loan from loans held for investment to loans held for sale in the same period at its estimated fair value and recorded a charge-off of substantially all of the reserve held on the loan, which was provisioned for in prior years. Payments received on this loan totaled approximately $ 9.0 million in the six months ended June 30, 2024 . The sale is expected to consummate in the third quarter of 2024. The loan's carrying value was $ 14.4 million as of June 30, 2024 and is excluded from all 2024 tables in this footnote, unless otherwise noted. The following tables present the amortized cost of nonaccrual loans held for investment with and without an ACL by loan category as of the dates stated. June 30, 2024 (Dollars in thousands) Nonaccrual Loans with No ACL Nonaccrual Loans with an ACL Total Nonaccrual Loans Commercial and industrial $ — $ 10,285 $ 10,285 Real estate – construction, commercial — 320 320 Real estate – commercial — 6,374 6,374 Real estate – residential 557 5,466 6,023 Consumer — 669 669 Total $ 557 $ 23,114 $ 23,671 December 31, 2023 (Dollars in thousands) Nonaccrual Loans with No ACL Nonaccrual Loans with an ACL Total Nonaccrual Loans Commercial and industrial $ 1,487 $ 37,942 $ 39,429 Real estate – construction, commercial — 383 383 Real estate – commercial 2,024 9,856 11,880 Real estate – residential 577 7,003 7,580 Consumer — 754 754 Total $ 4,088 $ 55,938 $ 60,026 The Company recognized $ 122 thousand and $ 187 thousand of interest income on nonaccrual loans during the three and six months ended June 30, 2024 , respectively, compared to $ 0 and $ 89 thousand for the same respective periods in 2023. The following tables present accrued interest receivable by loan type reversed from interest income associated with loans held for investment that were placed on nonaccrual status for the periods stated. For the three months ended June 30, For the six months ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Commercial and industrial $ 267 $ 44 $ 324 $ 76 Real estate – construction, commercial — 21 25 22 Real estate – construction, residential — 14 — 19 Real estate – commercial 14 1 65 206 Real estate – residential 44 47 54 61 Consumer 3 4 8 5 Total $ 328 $ 131 $ 476 $ 389 Credit Quality Indicators The Company segments loans held for investment into risk categories based on relevant information about the expected ability of borrowers to repay debt, such as current financial information, historical payment performance, experience, collateral adequacy, credit documentation, and current economic trends, among other factors. Management assigns loan risk grades by a numerical system as an indication of credit quality of its portfolio of loans held for investment. The Company uses the following definitions for loan risk ratings and periodically evaluates the appropriateness of these ratings across its loan portfolio. Independent third-party loan reviews are periodically performed on the Company's loan portfolio and such reviews are used to validate management's determination of loan risk grades. Bank regulatory agencies also periodically review the Company's loan portfolio, including loan risk grades and may change a grade based on their judgment of the facts at the time of review. Risk Grade 1 – Strong: This grade is reserved for loans to the strongest of borrowers. These loans are to individuals or businesses where the probability of default is extremely low to the Bank and are secured with collateral where the loss given default is unlikely because of the source of repayment such as a lien on a deposit account held at the Bank. Character, credit history, and ability of individuals or company principals are excellent. High liquidity, minimum risk, strong ratios, and low servicing cost are present. Risk Grade 2 – Minimal: This grade is reserved for loans to borrowers who are deemed exceptionally strong. These loans are within established guidelines and where the borrowers have documented significant overall financial strength with consistent and predictable cash flows. These loans have excellent sources of repayment, significant balance sheet liquidity, no significant identifiable risk of collection, and conform in all respects to policy, underwriting standards, and federal and state regulations (no exceptions of any kind). In addition, guarantor support, when provided, is viewed as excellent. Risk Grade 3 – Acceptable: This grade is reserved for loans to borrowers who are deemed strong. These loans have adequate sources of repayment, with minimal identifiable risk of collection. Generally, loans assigned this risk grade will demonstrate the following characteristics: (1) conformity in all respects with policy, guidelines, underwriting standards, and federal and state regulations (no exceptions of any kind), (2) documented historical cash flow that meets or exceeds required minimum guidelines, or that can be supplemented with verifiable cash flow from other sources, and (3) adequate secondary sources to liquidate the debt. In addition, guarantor support, when provided, is viewed as strong. Risk Grade 4 – Satisfactory: This grade is given to satisfactory loans containing more, but deemed acceptable, risk and where the borrower is assessed as sound. These loans have adequate sources of repayment, with minimal identifiable risk of collection. Loans assigned this risk grade will demonstrate the following characteristics: (1) general conformity to the Bank's underwriting requirements, with limited exceptions to policy, product, or underwriting guidelines. All exceptions noted have documented mitigating factors that offset any additional risk associated with the exceptions noted, (2) documented historical cash flow that meets or exceeds required minimum guidelines, or that can be supplemented with verifiable cash flow from other sources, and (3) adequate secondary sources to liquidate the debt. In addition, guarantor support, when provided, is viewed as satisfactory. Risk Grade 5 – Watch: This grade is for satisfactory loans containing acceptable but elevated risk. These loans are characterized by borrowers who exhibit signs of financial distress or experience unstable or unfavorable change(s) adversely impacting their current or expected financial condition. The borrower's management is deemed to be satisfactory, the collateral securing the loan may have decreased in value, the debt service coverage ratio is inconsistent or breakeven but mostly positive, and/or guarantor support, if any, is limited or marginal. Loans classified as Watch warrant additional monitoring by management. Risk Grade 6 – Special Mention: This grade is for loans that have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the Bank's credit position at some future date. Special Mention loans are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Special mention credits typically do not conform to underwriting guidelines and/or exceptions without mitigating factors, or have emerging weaknesses that may or may not be cured with the passage of time. Risk Grade 7 – Substandard: A substandard loan is inadequately protected by the current sound net worth and paying capacity of the obligor or of the collateral pledged, if any. Loans classified as substandard must have a well-defined weakness or weaknesses that jeopardize the liquidation of the debt; they are characterized by the distinct possibility that the institution will sustain some loss if the deficiencies are not corrected. The probability of default is likely and may have occurred . Loans in this category are characterized by deterioration in quality exhibited by any number of well-defined weaknesses requiring corrective action. The weaknesses may include, but are not limited to: (1) current or expected unprofitable operations, (2) inadequate debt service coverage, (3) declining or inadequate liquidity, (4) improper loan structure, (5) questionable or weak repayment sources, and (6) lack of well-defined secondary repayment source. There is a distinct possibility of loss and the Bank will sustain some loss if the deficiencies are not corrected. Risk Grade 8 – Doubtful: Loans classified doubtful have all the weaknesses inherent in loans classified substandard, with the added characteristic that the weaknesses make collection or liquidation in full on the basis of currently existing facts, conditions, and values highly questionable and improbable. However, these loans are not yet rated as loss because certain events may occur which would salvage the Bank's position, which can include, but is not limited to (1) an injection of capital, (2) alternative financing, and (3) liquidation of assets or the pledging of additional collateral. Doubtful is a temporary grade where a loss is expected but is presently not quantified with any degree of accuracy. Once the loss position is determined, the amount is charged off against the allowance for credit losses. Risk Grade 9 – Loss: Loans classified loss are considered uncollectible and of such little value that continuance as assets is not warranted. This classification does not mean that the asset has absolutely no recovery or salvage value, but rather that it is not practical or desirable to defer charging off the worthless loan, even though partial recovery may be effected in the future. Probable loss portions deemed uncollectible are charged off promptly against the allowance for credit losses. The following table presents the amortized cost of loans held for investment by internal loan risk grade by year of origination as of June 30, 2024. There were no loans classified as loss (risk grade 9) as of the same date. Also presented are current period gross charge-offs by loan type for the six months ended June 30, 2024. Term Loans Amortized Cost Basis by Origination Year (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Commercial and industrial Risk Grades 1 - 4 $ 7,340 $ 14,180 $ 87,369 $ 18,050 $ 21,300 $ 19,557 $ 101,747 $ 269,543 Risk Grades 5 - 6 913 23,961 42,271 16,008 5,790 1,831 23,233 114,007 Risk Grade 7 — 3,252 1,315 6,764 783 1,377 1,791 15,282 Risk Grade 8 214 — — 2,542 — 1 — 2,757 Total 8,467 41,393 130,955 43,364 27,873 22,766 126,771 401,589 Current period gross charge-offs — 47 13,345 302 124 120 1 13,939 Real estate – construction, commercial Risk Grades 1 - 4 — 8,765 58,330 16,190 10,604 5,791 2,252 101,932 Risk Grades 5 - 6 — 1,098 23,789 1,498 — 4,968 — 31,353 Risk Grade 7 — 117 1,723 32 — 360 — 2,232 Total — 9,980 83,842 17,720 10,604 11,119 2,252 135,517 Current period gross charge-offs — — — — — — — — Real estate – construction, residential Risk Grades 1 - 4 7,508 17,128 4,974 9,758 — 62 12,189 51,619 Risk Grades 5 - 6 398 479 2,608 — 163 — — 3,648 Risk Grade 7 — 427 155 — — — — 582 Total 7,906 18,034 7,737 9,758 163 62 12,189 55,849 Current period gross charge-offs — — — — — 39 — 39 Real estate – commercial — Risk Grades 1 - 4 4,255 21,379 268,057 119,175 145,317 159,935 20,358 738,476 Risk Grades 5 - 6 3,154 — 62,937 13,818 16,259 19,209 4,184 119,561 Risk Grade 7 — — — 9,051 3,772 7,109 25 19,957 Risk Grade 8 — — 1,104 — — — — 1,104 Total 7,409 21,379 332,098 142,044 165,348 186,253 24,567 879,098 Current period gross charge-offs — — — — — — — — Real estate – residential Risk Grades 1 - 4 934 56,064 227,986 116,478 67,486 149,912 57,409 676,269 Risk Grades 5 - 6 — 12,578 9,567 4,496 2,263 8,967 3,181 41,052 Risk Grade 7 — — 1,796 954 1,166 5,635 374 9,925 Total 934 68,642 239,349 121,928 70,915 164,514 60,964 727,246 Current period gross charge-offs — — — — — 42 2 44 Real estate – farmland Risk Grades 1 - 4 150 — 1,002 1,266 — 2,888 167 5,473 Risk Grades 5 - 6 — 141 — 103 — — — 244 Total 150 141 1,002 1,369 — 2,888 167 5,717 Current period gross charge-offs — — — — — — — — Consumer Risk Grades 1 - 4 6,170 21,468 11,319 2,578 1,945 847 7,618 51,945 Risk Grades 5 - 6 — 54 38 11 26 57 407 593 Risk Grade 7 14 145 405 168 93 64 — 889 Total 6,184 21,667 11,762 2,757 2,064 968 8,025 53,427 Current period gross charge-offs 434 178 619 27 20 12 — 1,290 Total Loans Risk Grades 1 - 4 $ 26,357 $ 138,984 $ 659,037 $ 283,495 $ 246,652 $ 338,992 $ 201,740 $ 1,895,257 Risk Grades 5 - 6 4,465 38,311 141,210 35,934 24,501 35,032 31,005 310,458 Risk Grade 7 14 3,941 5,394 16,969 5,814 14,545 2,190 48,867 Risk Grade 8 214 — 1,104 2,542 — 1 — 3,861 Total $ 31,050 $ 181,236 $ 806,745 $ 338,940 $ 276,967 $ 388,570 $ 234,935 $ 2,258,443 Total current period gross charge-offs $ 434 $ 225 $ 13,964 $ 329 $ 144 $ 213 $ 3 $ 15,312 The following table presents the amortized cost of loans held for investment by internal loan risk grade by year of origination as of December 31, 2023. There were no loans classified as loss (risk grade 9) as of the same date. Term Loans Recorded Investment Basis by Origination Year (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Total Commercial and industrial Risk Grades 1 - 4 $ 15,830 $ 114,291 $ 32,273 $ 25,429 $ 8,217 $ 14,200 $ 138,267 $ 348,507 Risk Grades 5 - 6 26,563 40,399 12,759 6,305 819 1,537 19,722 108,104 Risk Grade 7 — 877 3,623 829 543 134 9,191 15,197 Risk Grade 8 — 34,203 2,554 — — 379 — 37,136 Total 42,393 189,770 51,209 32,563 9,579 16,250 167,180 508,944 Real estate – construction, commercial Risk Grades 1 - 4 8,533 85,687 33,344 14,690 6,358 5,589 4,367 158,568 Risk Grades 5 - 6 4,213 11,072 760 293 — 738 3,827 20,903 Risk Grade 7 119 46 40 — — 376 — 581 Total 12,865 96,805 34,144 14,983 6,358 6,703 8,194 180,052 Real estate – construction, residential Risk Grades 1 - 4 31,611 22,734 3,867 59 741 67 10,656 69,735 Risk Grades 5 - 6 1,486 2,672 — 167 200 — — 4,525 Risk Grade 7 367 1,205 — — — — — 1,572 Total 33,464 26,611 3,867 226 941 67 10,656 75,832 Real estate – commercial Risk Grades 1 - 4 14,671 280,479 121,257 144,498 42,226 123,774 20,332 747,237 Risk Grades 5 - 6 2,841 25,075 9,038 19,597 12,921 27,778 4,214 101,464 Risk Grade 7 323 — 8,202 4,938 111 8,265 — 21,839 Total 17,835 305,554 138,497 169,033 55,258 159,817 24,546 870,540 Real estate – residential Risk Grades 1 - 4 51,042 218,375 121,872 69,165 27,877 132,986 55,327 676,644 Risk Grades 5 - 6 12,014 9,339 677 1,944 2,122 7,281 3,255 36,632 Risk Grade 7 — 2,240 2,446 1,812 943 9,307 85 16,833 Risk Grade 8 — — — — — 1 — 1 Total 63,056 229,954 124,995 72,921 30,942 149,575 58,667 730,110 Real estate – farmland Risk Grades 1 - 4 — 729 1,397 — 1,520 1,562 115 5,323 Risk Grades 5 - 6 147 — — — — — — 147 Total 147 729 1,397 — 1,520 1,562 115 5,470 Consumer Risk Grades 1 - 4 26,535 14,215 3,598 2,724 1,137 466 8,766 57,441 Risk Grades 5 - 6 61 42 12 12 8 433 495 1,063 Risk Grade 7 14 259 115 131 44 102 — 665 Total 26,610 14,516 3,725 2,867 1,189 1,001 9,261 59,169 Total Loans Risk Grades 1 - 4 $ 148,222 $ 736,510 $ 317,608 $ 256,565 $ 88,076 $ 278,644 $ 237,830 $ 2,063,455 Risk Grades 5 - 6 47,325 88,599 23,246 28,318 16,070 37,767 31,513 272,838 Risk Grade 7 823 4,627 14,426 7,710 1,641 18,184 9,276 56,687 Risk Grade 8 — 34,203 2,554 — — 380 — 37,137 Total $ 196,370 $ 863,939 $ 357,834 $ 292,593 $ 105,787 $ 334,975 $ 278,619 $ 2,430,117 The following tables present an analysis of the change in the ACL by major loan segment for the periods stated. Loan segments are presented as either commercial or consumer as follows: • Commercial – commercial and industrial; real estate – construction, commercial; real estate – commercial; and real estate – farmland; and • Consumer – real estate – construction, residential; real estate – residential; and consumer. For the three months ended June 30, 2024 (Dollars in thousands) Commercial Consumer Total Balance, beginning of period $ 27,065 $ 7,960 $ 35,025 Charge-offs ( 11,982 ) ( 628 ) ( 12,610 ) Recoveries 1,829 192 2,021 Net charge-offs ( 10,153 ) ( 436 ) ( 10,589 ) Provision for credit losses - loans 3,472 128 3,600 Balance, end of period $ 20,384 $ 7,652 $ 28,036 For the three months ended June 30, 2023 (Dollars in thousands) Commercial Consumer Total Balance, beginning of period $ 27,266 $ 8,695 $ 35,961 Charge-offs ( 7,326 ) ( 1,694 ) ( 9,020 ) Recoveries 887 126 1,013 Net charge-offs ( 6,439 ) ( 1,568 ) ( 8,007 ) Provision for credit losses - loans 9,037 1,576 10,613 Balance, end of period $ 29,864 $ 8,703 $ 38,567 For the six months ended June 30, 2024 (Dollars in thousands) Commercial Consumer Total Balance, beginning of period $ 27,491 $ 8,402 $ 35,893 Charge-offs ( 13,939 ) ( 1,373 ) ( 15,312 ) Recoveries 3,360 495 3,855 Net charge-offs ( 10,579 ) ( 878 ) ( 11,457 ) Provision for credit losses - loans 3,472 128 3,600 Balance, end of period $ 20,384 $ 7,652 $ 28,036 For the six months ended June 30, 2023 (Dollars in thousands) Commercial Consumer Total Balance, beginning of period $ 27,070 $ 3,670 $ 30,740 Impact of ASC 326 adoption 2,926 4,492 7,418 Charge-offs ( 8,125 ) ( 2,204 ) ( 10,329 ) Recoveries 1,005 230 1,235 Net charge-offs ( 7,120 ) ( 1,974 ) ( 9,094 ) Provision for credit losses - loans 6,988 2,515 9,503 Balance, end of period $ 29,864 $ 8,703 $ 38,567 Of the commercial loan net charge-off amount in the 2024 periods, $ 9.4 million was attributable to the previously noted speciality finance loan that was reclassified from loans held for investment to loans held for sale in the second quarter of 2024. There were no material changes to the assumptions, loss factors (both quantitative and qualitative), or reasonable and supportable forecasts used in the estimation of the ACL and the provision for credit losses for loans held for investment as of and for the three and six months ended June 30, 2024. Excluded from the ACL as of June 30, 2024 and December 31, 2023 was $ 12.5 million and $ 13.2 million of accrued interest attributable to loans held for investment, respectively, which is included in accrued interest receivable on the consolidated balance sheet. The following table presents the amortized cost of collateral-dependent loans as of the dates stated. (Dollars in thousands) June 30, 2024 December 31, 2023 Commercial and industrial $ 43,721 $ 67,555 Real estate – construction, commercial 4,039 6,309 Real estate – construction, residential — 2,303 Real estate – commercial 14,814 13,401 Real estate – residential 4,667 7,337 Total collateral-dependent loans $ 67,241 $ 96,905 Acquired Loans As of June 30, 2024 and December 31, 2023 , the amortized cost of purchased credit deteriorated ("PCD") loans totaled $ 49.0 million and $ 51.0 million, respectively, with estimated ACL of $ 486 thousand and $ 529 thousand, respectively. The remaining non-credit discount on PCD loans was $ 3.2 million and $ 3.8 million as of June 30, 2024 and December 31, 2023, respectively. Modified Loans The Company closely monitors the performance of borrowers experiencing financial difficulty that have been granted certain loan modifications it would otherwise not consider. The following table presents information on loans modified in the last 12 months from the date stated. June 30, 2024 (Dollars in thousands) Number of Loans Recorded Investment Recorded Investment of Modified Loans to Gross Loans by Category Financial Effect Modification - term extension and forbearance Forbearance agreements Commercial and industrial (1) 4 $ 18,834 4.69 % Real estate – construction, residential 1 155 0.28 % Real estate – residential 1 126 0.02 % Modification - payment deferral Payment deferral 6-9 months Real estate – residential 1 557 0.08 % Commercial and industrial 1 183 0.05 % Total 8 $ 19,855 0.88 % 14.4 million and classified as held for sale as of June 30, 2024. The following table presents an aging analysis of the recorded investment of loans modified as of the date stated. June 30, 2024 (Dollars in thousands) Current 30-89 Greater than Nonaccrual Total Commercial and industrial (1) $ 1,680 $ — $ — $ 17,337 $ 19,017 Real estate – residential 126 — — 557 683 Real estate – construction, residential 155 — — — 155 Total modified loans $ 1,961 $ — $ — $ 17,894 $ 19,855 (1) Included in this line item was a nonperforming specialty finance loan totaling $ 14.4 million and classified as held for sale as of June 30, 2024. During the six months ended June 30, 2024 , no loans modified on behalf of a borrower experiencing financial difficulty had a payment default. As of June 30, 2024 , five residential mortgage loans with a total recorded investment of $ 710 thousand were in the process of foreclosure.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Note 4 – Borrowings FHLB Borrowings The Bank has a line of credit from the FHLB secured by pledged qualifying commercial and residential mortgage loans and securities. At June 30, 2024 and December 31, 2023 , based on pledged collateral, the line totaled $ 711.0 million and $ 455.6 million, respectively. The FHLB will lend up to 30 % of the Bank’s total assets as of the prior quarter end, subject to certain eligibility requirements, including adequate collateral. The Bank had borrowings from the FHLB totaling $ 202.9 million and $ 210.0 million at June 30, 2024 and December 31, 2023, respectively. FHL B borrowings required the Bank to hold $ 11.9 million and $ 12.3 million of FHLB stock at June 30, 2024 and December 31, 2023, respectively, which is included in restricted equity investments on the consolidated balance sheets. At June 30, 2024 and December 31, 2023, the Bank also had letters of credit outstanding with the FHLB in the amount of $ 81.2 million and $ 110.1 million, respectively, of which $ 80.0 million and $ 110.0 million was for the purpose of collateral for public deposits with the Treasury Board of the Commonwealth of Virginia as of the same dates. Outstanding letters of credit reduce the available balance of the borrowing facility with the FHLB, which was $ 427.0 million and $ 135.5 million as of June 30, 2024 and December 31, 2023, respectively. The following tables present information regarding FHLB advances outstanding as of the dates stated. June 30, 2024 (Dollars in thousands) Balance Origination Date Stated Interest Rate Maturity Date Daily Rate Credit $ 52,900 5/8/2024 5.57 % 5/8/2025 Fixed Rate Credit 50,000 3/15/2023 4.07 % 3/15/2027 Fixed Rate Credit 50,000 5/2/2023 3.87 % 5/3/2027 Fixed Rate Credit 50,000 5/4/2023 3.52 % 5/4/2028 Total FHLB borrowings $ 202,900 December 31, 2023 (Dollars in thousands) Balance Origination Date Stated Interest Rate Maturity Date Daily Rate Credit $ 60,000 5/8/2023 5.57 % 5/8/2024 Fixed Rate Credit 50,000 3/15/2023 4.07 % 3/15/2027 Fixed Rate Credit 50,000 5/2/2023 3.87 % 5/3/2027 Fixed Rate Credit 50,000 5/4/2023 3.52 % 5/4/2028 Total FHLB borrowings $ 210,000 FRB Borrowings The Company may obtain advances from the FRB through the FRB Discount Window. The Company had secured capacity through the FRB Discount Window of $ 81.2 million and $ 161.0 million, of which the Company had no outstanding advances as of June 30, 2024 and December 31, 2023, respectively. The $ 65.0 million advance obtained through the BTFP was repaid at its maturity in the second quarter of 2024. Other Borrowings The Company had an unsecured line of credit with a correspondent bank o f $ 10.0 million as of both June 30, 2024 and December 31, 2023. This line bears interest at the prevailing rates for such loans and is cancelable any time by the correspondent bank. As of both June 30, 2024 and December 31, 2023, this line of credit was undrawn. The Company had $ 39.8 million and $ 39.9 million of subordinated notes, net, outstanding as of June 30, 2024 and December 31, 2023 , respectively. The Company's subordinated notes are comprised of an issuance in October 2019 maturing October 15, 2029 (the “2029 Notes”) and an issuance in May 2020 maturing June 1, 2030 (the “2030 Note”). As of June 30, 2024 , the net carrying amount of the 2029 Notes was $ 25.0 million, inclusive of a $ 528 thousand purchase accounting adjustment (premium ). For the three months ended June 30, 2024 and 2023 , the effective interest rate on the 2029 Notes was 5.08 % and 4.99 %, respectively, inclusive of the amortization of the purchase accounting adjustment (premium). For the six months ended June 30, 2024 and 2023, the effective interest rate on the 2029 Notes was 5.15 % a nd 5.04 %, respectively, inclusive of the amortization of the purchase accounting adjustment (premium). As of June 30, 2024, the net carrying amount of the 2030 Note, including capitalized, unamortized debt issuance costs, was $ 14.8 million. For the three and six months ended June 30, 2024 and 2023, the effective interest rate on the 2030 Note was 6.08 % and 6.10 %, respectively.

Leases

Leases	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Leases	Note 5 – Leases The Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease term and such extensions are included in the calculation of the lease liabilities to the extent the options are reasonably assured of being exercised. The lease agreements do not provide for residual value guarantees and have no restrictions or covenants that would impact dividends or require incurring additional financial obligations. The following tables present information about the Company’s leases as of the dates and for the periods stated. (Dollars in thousands) June 30, 2024 December 31, 2023 Lease liabilities $ 8,947 $ 9,619 Right-of-use asset $ 8,208 $ 8,738 Weighted average remaining lease term (years) 7.10 7.14 Weighted average discount rate 3.41 % 3.25 % For the three months ended June 30, For the six months ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Operating lease cost $ 426 $ 526 $ 913 $ 1,241 Cash paid for amounts included in the measurement of lease liabilities 411 546 867 1,145 The following table presents a maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities as of the date stated. (Dollars in thousands) June 30, 2024 Six months ending December 31, 2024 $ 875 Twelve months ending December 31, 2025 1,703 Twelve months ending December 31, 2026 1,497 Twelve months ending December 31, 2027 1,312 Twelve months ending December 31, 2028 1,122 Thereafter 3,673 Total undiscounted cash flows 10,182 Discount ( 1,235 ) Lease liabilities $ 8,947

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value	Note 6 – Fair Value The fair value of a financial instrument is the current amount that would be exchanged between willing parties in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. The three levels of input that may be used to measure fair value are as follows: Level 1 – Valuation is based on quoted prices in active markets for identical assets and liabilities. Level 2 – Valuation is based on observable inputs including quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in less active markets, and model-based valuation techniques for which significant assumptions can be derived primarily from or corroborated by observable data in the market. Level 3 – Valuation is based on model-based techniques that use one or more significant inputs or assumptions that are unobservable in the market. The following tables present the balances of financial assets measured at fair value on a recurring basis as of the dates stated. June 30, 2024 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale Mortgage backed securities $ 163,113 $ — $ 163,113 $ — U.S. Treasury and agencies 68,895 — 68,895 — State and municipals 43,003 — 43,003 — Corporate bonds 32,416 — 31,666 750 Total securities available for sale $ 307,427 $ — $ 306,677 $ 750 Other assets Mortgage servicing rights assets $ 29,862 $ — $ — $ 29,862 Rabbi trust assets 575 575 — — Mortgage derivative asset 295 — 295 — Interest rate swap asset 103 — 103 — Other liabilities Interest rate swap liability $ 103 $ — $ 103 $ — December 31, 2023 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale Mortgage backed securities $ 176,970 $ — $ 176,970 $ — U.S. Treasury and agencies 68,871 — 68,871 — State and municipals 43,325 — 43,325 — Corporate bonds 31,915 — 31,165 750 Total securities available for sale $ 321,081 $ — $ 320,331 $ 750 Other assets Mortgage servicing rights assets $ 27,114 $ — $ — $ 27,114 Rabbi trust assets 531 531 — — Mortgage derivative asset 335 — 335 — Interest rate swap asset 71 — 71 — Other liabilities Mortgage derivative liability $ 140 $ — $ 140 $ — Interest rate swap liability 71 — 71 — The following table presents the change in corporate bonds and mortgage backed securities using Level 3 inputs for the periods stated. (Dollars in thousands) Corporate Mortgage Backed Securities Balance as of December 31, 2023 $ 750 $ — Transfers from Level 2 to Level 3 — 2,000 Sales or paydowns — ( 2,000 ) Balance as of June 30, 2024 $ 750 $ — As of June 30, 2024 , two corporate bonds totaling $ 750 thousand were reported at their respective amortized cost basis and as Level 3 assets in the fair value hierarchy, as there were no observable market prices for similar investments. The following table presents the change in mortgage servicing rights ("MSR") assets as of the dates and for the periods stated. (Dollars in thousands) MSR Assets Balance as of December 31, 2023 $ 27,114 Additions 9 Fair value adjustments 2,739 Balance as of June 30, 2024 $ 29,862 The following tables summarize assets that were measured at fair value on a nonrecurring basis as of the dates stated. As noted previously, in the second quarter of 2024, the Company recorded an $ 8.5 million impairment charge against the Company's investment in a fintech company, which is reported in other equity investments on the consolidated balance sheets. June 30, 2024 (Dollars in thousands) Total Level 1 Level 2 Level 3 Other equity investments $ 4,354 $ — $ 1,348 $ 3,006 Collateral-dependent loans 20,061 — — 20,061 Loans held for sale 54,377 — 39,990 14,387 December 31, 2023 (Dollars in thousands) Total Level 1 Level 2 Level 3 Other equity investments $ 12,905 $ — $ 12,905 $ — Collateral-dependent loans 56,068 — — 56,068 Loans held for sale 46,337 — 46,337 — The following tables present quantitative information about Level 3 fair value measurements of assets measured on a nonrecurring basis as of the dates stated. (Dollars in thousands) Balance as of June 30, 2024 Unobservable Input Range Other equity investments Probability weighted expected return technique $ 3,006 Discount Rate 20 % Collateral-dependent loans Discounted appraised value technique 20,061 Selling Costs 7 % - 15 % Loans held for sale Discounted sales price technique 14,387 Selling Costs 15 % Discount Rate 26 % (Dollars in thousands) Balance as of December 31, 2023 Unobservable Input Range Collateral-dependent loans Discounted appraised value technique $ 56,068 Selling Costs 7 % - 15 % The following tables present the estimated fair values, related carrying amounts, and valuation level of the financial instruments as of the dates stated. June 30, 2024 Fair Value Measurements (Dollars in thousands) Carrying Value Fair Value Level 1 Level 2 Level 3 Financial Assets Cash and due from banks $ 124,607 $ 124,607 $ 124,607 $ — $ — Restricted cash 5,924 5,924 5,924 — — Federal funds sold 5,219 5,219 5,219 — — Securities available for sale 307,427 307,427 — 306,677 750 Restricted equity investments 18,236 18,236 — 18,236 — Other equity investments 4,354 4,354 — 1,348 3,006 Other investments 21,099 21,099 — — 21,099 Loans held for sale 54,377 54,377 — 39,990 14,387 Loans held for investment, net 2,231,243 2,139,734 — — 2,139,734 Accrued interest receivable 14,172 14,172 — 14,172 — Bank owned life insurance 42,446 42,446 — 42,446 — MSR assets 29,862 29,862 — — 29,862 Financial Liabilities Noninterest-bearing demand $ 470,128 $ 470,128 $ 470,128 $ — $ — Interest-bearing demand and money market 769,870 769,870 — 769,870 — Savings 106,619 106,619 — 106,619 — Time 979,222 974,348 — — 974,348 FHLB borrowings 202,900 207,099 — 207,099 — Subordinated notes, net 39,822 38,254 — — 38,254 December 31, 2023 Fair Value Measurements (Dollars in thousands) Carrying Value Fair Value Level 1 Level 2 Level 3 Financial Assets Cash and due from banks $ 110,491 $ 110,491 $ 110,491 $ — $ — Restricted cash 10,660 10,660 10,660 — — Federal funds sold 4,451 4,451 4,451 — — Securities available for sale 321,081 321,081 — 320,331 750 Restricted equity investments 18,621 18,621 — 18,621 — Other equity investments 12,905 12,905 — 12,905 — Other investments 29,467 29,467 — — 29,467 Loans held for sale 46,337 46,337 — 46,337 — Loans held for investment, net 2,395,054 2,316,113 — — 2,316,113 Accrued interest receivable 14,967 14,967 — 14,967 — Bank owned life insurance 48,453 48,453 — 48,453 — MSR assets 27,114 27,114 — — 27,114 Financial Liabilities Noninterest-bearing demand $ 506,248 $ 506,248 $ 506,248 $ — $ — Interest-bearing demand and money market 1,049,536 1,049,536 — 1,049,536 — Savings 117,923 117,923 — 117,923 — Time 892,325 892,439 — — 892,439 FHLB borrowings 210,000 211,799 — 211,799 — FRB borrowings 65,000 65,000 — 65,000 — Subordinated notes, net 39,855 37,803 — — 37,803

Minimum Regulatory Capital Requ

Minimum Regulatory Capital Requirements	6 Months Ended
	Jun. 30, 2024
Regulatory Matters [Abstract]
Minimum Regulatory Capital Requirements	Note 7 – Minimum Regulatory Capital Requirements Banks and bank holding companies are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, financial institutions must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. A financial institution's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. Pursuant to the final rules implementing the Basel Committee on Banking Supervision's capital guidelines for U.S. banks (the “Basel III rules”), banks must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios of 2.50 % for all ratios, except the tier 1 leverage ratio. If a banking organization dips into its capital conservation buffer, it is subject to limitations on certain activities, including payment of dividends, share repurchases, and discretionary compensation to certain officers. Federal and state banking regulations place certain restrictions on dividends paid by the Company. The total amount of dividends that may be paid at any date is generally limited to retained earnings of the Company. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized; although, these terms are not used to represent overall financial condition. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. In addition to the foregoing capital requirements, the Bank is subject to minimum capital ratios set forth in the Consent Order that are higher than those required for capital adequacy purposes generally. The Bank is required to maintain a leverage ratio of 10.00 % and a total capital ratio of 13.00 %. As of June 30, 2024, the Bank met these minimum capital ratios. Until such levels are maintained and the Consent Order has been lifted, the Bank is deemed to be less than well capitalized, thus adequately capitalized. The Company adopted ASC 326, Financial Instruments - Credit Losses (referred herein as “current expected credit losses” or “CECL”) effective January 1, 2023. Federal and state banking regulations allow financial institutions to irrevocably elect to phase-in the after-tax cumulative effect adjustment at adoption to retained earnings (“CECL Transitional Amount”) over a three-year period. The three-year phase-in of the CECL Transitional Amount to regulatory capital is 25 %, 50 %, and 25 % in 2023, 2024, and 2025, respectively. The Bank made this irrevocable election effective with its first quarter 2023 call report. The following tables present the capital ratios to which banks are subject to be adequatel y and well capitalized, as well as the capital for the Bank to meet these capital ratio levels, as of the dates stated. Adequately capitalized ratios include the conversation buffer, if applicable. Also presented are the minimum capital ratios set forth in the Consent Order for the Bank, and the related capital amounts for both the leverage ratio and the total capital ratio. The CECL Transitional Amount was $ 8.1 million, of which $ 4.1 million and $ 2.0 million reduced the regulatory capital amounts and capital ratios as of June 30, 2024 and December 31, 2023, respectively. June 30, 2024 Actual For Capital Adequacy Purposes To Be Well Capitalized Minimum Capital Ratios (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total risk based capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 367,696 15.18 % $ 254,335 10.50 % $ 242,224 10.00 % $ 314,891 13.00 % Tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 343,744 14.19 % $ 205,907 8.50 % $ 193,795 8.00 % n/a n/a Common equity tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 343,744 14.19 % $ 169,571 7.00 % $ 157,458 6.50 % n/a n/a Tier 1 leverage (To average assets) Blue Ridge Bank, N.A. $ 343,744 11.02 % $ 124,771 4.00 % $ 155,964 5.00 % $ 311,927 10.00 % December 31, 2023 Actual For Capital Adequacy Purposes To Be Well Capitalized Minimum Capital Ratios (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total risk based capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 270,293 10.25 % $ 276,842 10.50 % $ 263,659 10.00 % $ 342,757 13.00 % Tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 239,775 9.09 % $ 224,111 8.50 % $ 210,928 8.00 % n/a n/a Common equity tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 239,775 9.09 % $ 184,562 7.00 % $ 171,379 6.50 % n/a n/a Tier 1 leverage (To average assets) Blue Ridge Bank, N.A. $ 239,775 7.49 % $ 128,001 4.00 % $ 160,001 5.00 % $ 320,003 10.00 %

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Commitments and Contingencies	Note 8 – Commitments and Contingencies In the ordinary course of operations, the Company is party to legal proceedings. Based upon information currently available, management believes that such legal proceedings, in the aggregate, will not have a material adverse effect on the Company’s business, financial condition, results of operations, or cash flows. Also, in the ordinary course of operations, the Company offers various financial products to its customers to meet their credit and liquidity needs. These instruments involve elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and stand-by letters of credit written is represented by the contractual amount of these instruments. The Company uses the same credit policies in making commitments and conditional commitments as it does for on-balance sheet commitments. Subject to its normal credit standards and risk monitoring procedures, the Company makes contractual commitments to extend credit. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. Since many of the commitments may expire without being completely drawn upon, the total commitment amounts do not necessarily represent future cash requirements. As of June 30, 2024 and December 31, 2023 , the Company had outstanding loan commitments of $ 386.6 million and $ 480.8 million, respectively . Of these amounts, $ 107.7 million and $ 113.5 million were unconditionally cancelable at the sole discretion of the Company as of the same respective dates. Conditional commitments are issued by the Company in the form of financial stand-by letters of credit, which guarantee payment to the underlying beneficiary (i.e., third party) if the customer fails to meet its designated financial obligation. As of June 30, 2024 and December 31, 2023, commitments under outstanding financial stand-by letters of credit totaled $ 13.1 million and $ 12.6 mil lion, respectively. The credit risk of issuing stand-by letters of credit can be greater than the risk involved in extending loans to customers. For the three and six months ended June 30, 2024 , the Company recorded a recovery of credit losses for unfunded commitments of $ 500 thousand and $ 1.5 million, respectively, which was primarily attributable to lower balances of loan commitments. As of June 30, 2024 , the reserve for unfunded commitments was $ 1.6 million compared to $ 3.1 million as of December 31, 2023. The Company invests in various partnerships, limited liability companies, and SBIC funds. Pursuant to these investments, the Company commits to an investment amount to be fulfilled in future periods. At June 30, 2024 , the Company had future commitments outstanding totaling $ 8.1 million related to these investments.

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Note 9 – Earnings Per S hare Basic earnings per share ("EPS") amounts are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted EPS amounts assume the conversion, exercise, or issuance of all potential common stock instruments, unless the effect would be to reduce the loss or increase earnings per common share. Potential dilutive common stock instruments include exercisable stock options, performance-based restricted stock awards (“PSAs”), Series B Preferred Stock and Series C Preferred Stock, and warrants. The Company calculates diluted EPS for its warrants and stock options using the treasury method and for its preferred stock using the if-converted method. The following table shows the calculation of basic and diluted EPS and the weighted average nu mber of shares outstanding used in computing EPS and the effect on the weighted average number of shares outstanding of dilutive potential common stock for the periods stated. For the periods presented, all outstanding stock options, PSAs, preferred stock, and warrants were considered anti-dilutive and excluded from the computation of diluted EPS, due to the net loss in the respective periods. For the three months ended For the six months ended (Dollars in thousands, except per share data) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Net loss $ ( 11,435 ) $ ( 8,613 ) $ ( 14,328 ) $ ( 4,643 ) Less preferred stock dividends 150 — 150 — Net loss available to common shareholders $ ( 11,585 ) $ ( 8,613 ) $ ( 14,478 ) $ ( 4,643 ) Weighted average common shares outstanding, basic 24,477,007 18,850,625 21,827,669 18,853,553 Effect of dilutive securities — — — — Weighted average common shares outstanding, dilutive 24,477,007 18,850,625 21,827,669 18,853,553 Basic and diluted loss per share $ ( 0.47 ) $ ( 0.45 ) $ ( 0.66 ) $ ( 0.25 )

Business Segments

Business Segments	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Business Segments	Note 10 – Business Segments The Company has three reportable business segments: commercial banking, mortgage banking, and holding company activities. The commercial banking business segment makes loans to and generates deposits from individuals and businesses, while offering a wide array of general banking activities to its customers. It is distinct from the Company's mortgage banking division, which concentrates on individual and wholesale mortgage lending and sales activities. Activities at the holding company (or parent level) are primarily associated with investments, borrowings, and certain noninterest expenses. The following tables present statement of operations items and assets by segment as of the dates and for the periods stated. As of and for the three months ended June 30, 2024 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge 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 provision 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 Gain on sale of guaranteed government loans 11 — — — 11 Other income 3,818 — — ( 93 ) 3,725 Total noninterest income 3,829 5,109 ( 8,537 ) ( 93 ) 308 NONINTEREST EXPENSE Salaries and employee benefits 13,582 1,339 11 — 14,932 Regulatory remediation 1,397 — — — 1,397 Other expenses 11,733 1,182 193 ( 93 ) 13,015 Total noninterest expense 26,712 2,521 204 ( 93 ) 29,344 (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 as of June 30, 2024 $ 2,883,732 $ 41,433 $ 372,515 $ ( 364,608 ) $ 2,933,072 As of and for the three months ended June 30, 2023 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 42,040 $ 415 $ 5 $ — $ 42,460 Interest expense 17,853 170 547 — 18,570 Net interest income 24,187 245 ( 542 ) — 23,890 Provision for credit losses 10,013 — — — 10,013 Net interest income after provision for credit losses 14,174 245 ( 542 ) — 13,877 NONINTEREST INCOME Fair value adjustments of other equity investments — — ( 281 ) — ( 281 ) Residential mortgage banking income — 3,145 — — 3,145 Mortgage servicing rights — 1,150 — — 1,150 Gain on sale of guaranteed government loans 2,384 — — — 2,384 Other income 3,438 — ( 1 ) ( 99 ) 3,338 Total noninterest income 5,822 4,295 ( 282 ) ( 99 ) 9,736 NONINTEREST EXPENSE Salaries and employee benefits 12,233 2,285 — — 14,518 Regulatory remediation 2,388 — — — 2,388 Other expenses 13,529 1,392 2,324 ( 99 ) 17,146 Total noninterest expense 28,150 3,677 2,324 ( 99 ) 34,052 (Loss) income before income tax expense ( 8,154 ) 863 ( 3,148 ) — ( 10,439 ) Income tax (benefit) expense ( 1,199 ) 34 ( 661 ) — ( 1,826 ) Net (loss) income $ ( 6,955 ) $ 829 $ ( 2,487 ) $ — $ ( 8,613 ) Total assets as of June 30, 2023 $ 3,141,817 $ 41,124 $ 273,280 $ ( 241,797 ) $ 3,214,424 As of and for the six months ended June 30, 2024 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge 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 loan 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 Gain on sale of guaranteed government loans 121 — — — 121 Other income 8,229 — 17 ( 192 ) 8,054 Total noninterest income 8,350 8,502 ( 8,527 ) ( 192 ) 8,133 NONINTEREST EXPENSE Salaries and employee benefits 27,750 3,183 44 — 30,977 Regulatory remediation 4,041 — — — 4,041 Other expenses 24,136 2,394 462 ( 192 ) 26,800 Total noninterest expense 55,927 5,577 506 ( 192 ) 61,818 (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 as of June 30, 2024 $ 2,883,732 $ 41,433 $ 372,515 $ ( 364,608 ) $ 2,933,072 As of and for the six months ended June 30, 2023 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 82,619 $ 720 $ 11 $ — $ 83,350 Interest expense 32,855 309 1,100 — 34,264 Net interest income 49,764 411 ( 1,089 ) — 49,086 Provision for credit losses 8,503 — — — 8,503 Net interest income after provision for credit losses 41,261 411 ( 1,089 ) — 40,583 NONINTEREST INCOME Fair value adjustments of other equity investments — — ( 332 ) — ( 332 ) Residential mortgage banking income — 6,344 — — 6,344 Mortgage servicing rights — ( 746 ) — — ( 746 ) Gain on sale of guaranteed government loans 4,793 — — — 4,793 Other income 7,151 — 7 ( 198 ) 6,960 Total noninterest income 11,944 5,598 ( 325 ) ( 198 ) 17,019 NONINTEREST EXPENSE Salaries and employee benefits 24,861 4,946 — — 29,807 Regulatory remediation 3,522 — — — 3,522 Other expenses 23,605 2,877 3,286 ( 198 ) 29,570 Total noninterest expense 51,988 7,823 3,286 ( 198 ) 62,899 Income (loss) before income tax expense 1,217 ( 1,814 ) ( 4,700 ) — ( 5,297 ) Income tax expense (benefit) 882 ( 549 ) ( 987 ) — ( 654 ) Net income (loss) $ 335 $ ( 1,265 ) $ ( 3,713 ) $ — $ ( 4,643 ) Total assets as of June 30, 2023 $ 3,141,817 $ 41,124 $ 273,280 $ ( 241,797 ) $ 3,214,424

Changes to Accumulated Other Co

Changes to Accumulated Other Comprehensive Income (Loss), net	6 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes to Accumulated Other Comprehensive Income (Loss), net	Note 11 – Changes to Accumulated Other Comprehensive Income (Loss), net The following tables present components of accumulated other comprehensive income (loss) for the periods stated. For the three months ended June 30, 2024 (Dollars in thousands) Net Unrealized (Losses) Gains on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive (Gain) Loss, net Balance as of April 1, 2024 $ ( 48,039 ) $ 425 $ — $ ( 47,614 ) Change in net unrealized holding gains on securities available for sale, net of deferred tax expense of $ 862 3,079 — — 3,079 Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit of $ 15 52 — — 52 Balance as of June 30, 2024 $ ( 44,908 ) $ 425 $ — $ ( 44,483 ) For the three months ended June 30, 2023 (Dollars in thousands) Net Unrealized Losses on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Loss, net Balance as of April 1, 2023 $ ( 41,659 ) $ 425 $ ( 1 ) $ ( 41,235 ) Change in net unrealized holding losses on securities available for sale, net of deferred tax benefit of $ 1,446 ( 5,023 ) — — ( 5,023 ) Balance as of June 30, 2023 $ ( 46,682 ) $ 425 $ ( 1 ) $ ( 46,258 ) For the six months ended June 30, 2024 (Dollars in thousands) Net Unrealized (Losses) Gains on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive (Gain) Loss, net Balance as of January 1, 2024 $ ( 45,481 ) $ 425 $ — $ ( 45,056 ) Change in net unrealized holding gains on securities available for sale, net of deferred tax expense of $ 491 521 — — 521 Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit of $ 15 52 — — 52 Balance as of June 30, 2024 $ ( 44,908 ) $ 425 $ — $ ( 44,483 ) For the six months ended June 30, 2023 (Dollars in thousands) Net Unrealized Losses on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Loss, net Balance as of January 1, 2023 $ ( 45,525 ) $ 425 $ ( 1 ) $ ( 45,101 ) Change in net unrealized holding losses on securities available for sale, net of deferred tax benefit of $ 333 ( 1,157 ) — — ( 1,157 ) Balance as of June 30, 2023 $ ( 46,682 ) $ 425 $ ( 1 ) $ ( 46,258 )

Legal Matters

Legal Matters	6 Months Ended
	Jun. 30, 2024
Loss Contingency [Abstract]
Legal Matters	Note 12 – Legal Matters In December 2023, a purported shareholder of the Company commenced a putative class action in the U.S. District for the Eastern District of New York (No. 1:23-cv-08944) (Hunter v. Blue Ridge Bankshares, Inc., et al). The complaint alleges violations of federal securities laws against the Company and certain of its current and former officers based on alleged material misstatements and omissions in the Company’s filings. The complaint seeks certification of a class action, unspecified damages, and attorneys fees. The putative class has filed an amended complaint, and the Company has filed a letter seeking permission to file a motion to dismiss. The Company believes the claims are without merit and no loss has been accrued for this lawsuit as of June 30, 2024. On August 12, 2019, a former employee of Virginia Community Bankshares, Inc. ("VCB") and participant in its Employee Stock Ownership Plan (the “VCB ESOP”) filed a class action complaint against VCB, its subsidiary, Virginia Community Bank, and certain individuals associated with the VCB ESOP in the U.S. District Court for the Western District of Virginia, Charlottesville Division. The complaint alleged, among other things, that the defendants breached their fiduciary duties to VCB ESOP participants in violation of the Employee Retirement Income Security Act of 1974, as amended. The Company automatically assumed liability of VCB in connection with this litigation as a result of its 2019 acquisition of VCB. During the fourth quarter of 2023, the Company entered into a settlement agreement with the plaintiff to resolve the VCB ESOP litigation (the "Settlement Agreement"). As provided in the Settlement Agreement, the plaintiff agreed to release the Company, the Bank, and related parties from all claims related to acts or omissions associated with the VCB ESOP. Pursuant to the Settlement Agreement, the Company agreed to make a settlement payment of $ 6.0 million to a fund for the benefit of VCB ESOP participants, with $ 5.95 million due after final approval of the Settlement Agreement by the court. In June 2024 the court granted final approval of the Settlement Agreement. This resulted in the ongoing lawsuit being dismissed with prejudice, and all similar claims that were or could have been brought relating to the VCB ESOP released and barred. The Company entered into the Settlement Agreement to eliminate the burden and expense of further litigation and to resolve the claims that were or could have been asserted related to the VCB ESOP. The Company accrued $ 6.0 million in the third quarter of 2023 in anticipation of this settlement.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 13 – Subsequent Events On July 11, 2024, the holder of the Series C Preferred Stock received regulatory non-objection to exchange the Series C Preferred Stock for common stock as stipulated in the Private Placements. The Company expects the exchange for shares of the Company's common stock will be completed during the third quarter of 2024 . On July 15, 2024, the Company made the $ 5.95 million payment related to the VCB ESOP litigation pursuant to the Settlement Agreement. Subsequent to June 30, 2024 , the Company received cash payments totaling $ 1.3 million from the purchaser of the previously noted specialty finance loan classified as held for sale as of June 30, 2024. These cash payments were applied to the book principal balance of the loan as the loan remains on nonaccrual status.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Recent Accounting Pronouncements (Issued But Not Adopted)	Recent Accounting Pronouncements (Issued But Not Adopted) Improvements to Reportable Segment Disclosures . In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") No. 2023-07–Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires a public entity to disclose significant segment expenses and other segment items on an annual and interim basis and provide in interim periods certain disclosures that are currently required annually. Additionally, the ASU requires a public entity to disclose the title and position of the Chief Operating Decision Maker ("CODM"), as well as the metric that the CODM uses to gauge segment performance. The ASU does not change how a public entity identifies its operating segments, aggregates them, or applies the quantitative thresholds to determine its reportable segments. The new standard is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024, with early adoption permitted. This ASU requires retrospective application to all prior periods presented in the financial statements. The adoption of this ASU will only impact disclosures, with no impacts to results of operations, cash flows, and financial condition. Improvements to Income Tax Disclosures . In December 2023, the FASB issued ASU No. 2023-09–Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for components of the effective tax rate reconciliation, and modifies other income tax-related disclosures. This standard is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The ASU requires prospective application by providing the revised disclosures for the period ending December 31, 2025 and continuing to provide the pre-ASU disclosures for the prior periods, or alternately applying the amendments retrospectively by providing the revised disclosures for all period presented. The Company does not expect the adoption of this ASU to have a material effect on its consolidated financial statements.

Organization and Basis of Pre_3

Organization and Basis of Presentation (Tables)	6 Months Ended
	Jun. 30, 2024
Accounting Changes and Error Corrections [Abstract]
Schedule of Effect of the Private Placements on Common and Preferred stock	The following tables summarize the effect of the Private Placements on the Company's shares of common and preferred stock in the second quarter of 2024. Effect of Private Placements on Common Stock Number of Shares Common stock Shares issued on April 3, 2024 and June 13, 2024 3,690,000 Shares of Series B Preferred Stock converted into common stock on June 28, 2024 (1) 50,232,000 Increase in shares of common stock 53,922,000 Warrants issued to purchase common stock (2, 3) 26,195,999 (1) The conversion rate for Series B Preferred Stock into common stock was 4,000 common shares per preferred share. (2) The conversion rate for warrants for Series B Preferred Stock into warrants for common stock was 4,000 common shares per preferred share. (3) The warrants for Series B Preferred Stock converted into warrants for common stock on June 28, 2024. Number of Shares Effect of Private Placements on Preferred Stock Series B Series C Preferred stock Shares issued on April 3, 2024 and June 13, 2024 12,558 2,732 Shares of preferred stock that converted into common stock on June 28, 2024 (1) ( 12,558 ) — Increase in shares of preferred stock — 2,732 Warrants, preferred stock Warrants issued 6,549 1,441 Warrants for preferred stock that converted into warrants for common stock (2) ( 6,549 ) — Increase in warrants for preferred stock — 1,441 (1) The conversion rate for preferred stock into common stock was 4,000 common shares per preferred share. (2) Subsequent to June 30, 2024, the holder of Series C Preferred Stock received regulatory non-objection to exchange the Series C Preferred Stock for common stock as stipulated in the Private Placements. The Company expects the exchange for shares of the Company's common stock will be completed during the third quarter of 2024
Schedule of Fair Value of Warrants Issued in Connection with the Private Placements	The following table presents the assumptions used in the calculation of the fair value of the warrants issued in connection with the Private Placements. Issued April 3, 2024 Issued June 13, 2024 Assumptions Common Stock Warrants Series C Preferred Stock Warrants Common Stock Warrants Fair value per warrant $ 1.34 $ 1.34 (1) $ 1.49 Stock price per share $ 2.76 $ 2.76 (1) $ 2.99 Strike price per share $ 2.50 $ 2.50 (1) $ 2.50 Risk-free interest rate 4.40 % 4.40 % 4.30 % Term (years) 5.00 5.00 4.81 Expected volatility 45.00 % 45.00 % 45.00 % (1) Presented on a common share equivalent basis.

Investment Securities and Oth_2

Investment Securities and Other Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Schedule of Investments [Abstract]
Summary of Amortized Cost and Fair Values of Investment Securities Available for Sale	The following tables present amortized cost, fair values, and gross unrealized gains and losses of investment securities AFS as of the dates stated. June 30, 2024 (Dollars in thousands) Amortized Gross Gross Fair Available for sale Mortgage backed securities $ 198,042 $ — $ ( 34,929 ) $ 163,113 U.S. Treasury and agencies 79,634 — ( 10,739 ) 68,895 State and municipal 50,356 — ( 7,353 ) 43,003 Corporate bonds 36,889 — ( 4,473 ) 32,416 Total investment securities $ 364,921 $ — $ ( 57,494 ) $ 307,427 December 31, 2023 (Dollars in thousands) Amortized Gross Gross Fair Available for sale Mortgage backed securities $ 212,214 $ — $ ( 35,244 ) $ 176,970 U.S. Treasury and agencies 79,856 — ( 10,985 ) 68,871 State and municipal 50,682 — ( 7,357 ) 43,325 Corporate bonds 36,902 12 ( 4,999 ) 31,915 Total investment securities $ 379,654 $ 12 $ ( 58,585 ) $ 321,081
Summary of Investments Classified by Contractual Maturity Date	The following table presents the amortized cost and fair value of securities AFS by contractual maturity as of the date stated. Expected maturities may differ from contractual maturities, as issuers may have the right to call or prepay obligations with or without call or prepayment penalties. June 30, 2024 (Dollars in thousands) Amortized Fair Due in one year or less $ 3,017 $ 2,970 Due after one year through five years 47,585 43,335 Due after five years through ten years 115,602 98,808 Due after ten years 198,717 162,314 Total $ 364,921 $ 307,427
Summary of Unrealized Losses	The following tables present a summary of unrealized losses and the length of time securities have been in a continuous loss position, by security type and number of securities, as of the dates stated. June 30, 2024 Less than 12 Months 12 Months or Greater Total (Dollars in thousands) Number of Securities Fair Unrealized Fair Unrealized Fair Unrealized Mortgage backed securities 80 $ — $ — $ 163,113 $ ( 34,929 ) $ 163,113 $ ( 34,929 ) U.S. Treasury and agencies 29 275 ( 1 ) 68,619 ( 10,738 ) 68,894 ( 10,739 ) State and municipal 70 1,282 ( 13 ) 41,446 ( 7,340 ) 42,728 ( 7,353 ) Corporate bonds 40 6,853 ( 696 ) 24,813 ( 3,777 ) 31,666 ( 4,473 ) Total 219 $ 8,410 $ ( 710 ) $ 297,991 $ ( 56,784 ) $ 306,401 $ ( 57,494 ) December 31, 2023 Less than 12 Months 12 Months or Greater Total (Dollars in thousands) Number of Securities Fair Unrealized Fair Unrealized Fair Unrealized Mortgage backed securities 86 $ 7,497 $ ( 45 ) $ 169,474 $ ( 35,199 ) $ 176,971 $ ( 35,244 ) U.S. Treasury and agencies 29 283 ( 1 ) 68,399 ( 10,984 ) 68,682 ( 10,985 ) State and municipal 65 536 ( 9 ) 41,118 ( 7,348 ) 41,654 ( 7,357 ) Corporate bonds 39 7,469 ( 830 ) 21,683 ( 4,169 ) 29,152 ( 4,999 ) Total 219 $ 15,785 $ ( 885 ) $ 300,674 $ ( 57,700 ) $ 316,459 $ ( 58,585 )

Loans and ACL (Tables)

Loans and ACL (Tables)	6 Months Ended
	Jun. 30, 2024
Receivables [Abstract]
Summary of Amortized Cost of Loans Held for Investment	The following table presents the amortized cost of loans held for investment as of the dates stated. (Dollars in thousands) June 30, 2024 December 31, 2023 Commercial and industrial $ 401,589 $ 508,944 Real estate – construction, commercial 135,517 180,052 Real estate – construction, residential 55,849 75,832 Real estate – commercial 879,098 870,540 Real estate – residential 727,246 730,110 Real estate – farmland 5,717 5,470 Consumer 53,427 59,169 Gross loans 2,258,443 2,430,117 Deferred loan fees, net of costs 836 830 Total $ 2,259,279 $ 2,430,947
Summary of Financing Receivable, Past Due	The following tables present the aging of the amortized cost of loans held for investment by loan category as of the dates stated. June 30, 2024 (Dollars in thousands) Current 30-59 60-89 Greater than Nonaccrual Total Commercial and industrial $ 384,877 $ 2,150 $ 1,526 $ 2,751 $ 10,285 $ 401,589 Real estate – construction, commercial 134,017 — 1,180 — 320 135,517 Real estate – construction, residential 55,849 — — — — 55,849 Real estate – commercial 863,718 8,647 359 — 6,374 879,098 Real estate – residential 717,816 501 2,906 — 6,023 727,246 Real estate – farmland 5,717 — — — — 5,717 Consumer 49,515 2,195 672 376 669 53,427 Less: Deferred loan fees, net of costs 836 — — — — 836 Total Loans $ 2,212,345 $ 13,493 $ 6,643 $ 3,127 $ 23,671 $ 2,259,279 December 31, 2023 (Dollars in thousands) Current 30-59 60-89 Greater than Nonaccrual Total Commercial and industrial $ 464,939 $ 2,235 $ 632 $ 1,709 $ 39,429 $ 508,944 Real estate – construction, commercial 177,653 2,016 — — 383 180,052 Real estate – construction, residential 75,309 523 — — — 75,832 Real estate – commercial 855,263 2,109 714 574 11,880 870,540 Real estate – residential 717,141 5,101 288 — 7,580 730,110 Real estate – farmland 5,470 — — — — 5,470 Consumer 55,084 2,298 279 754 754 59,169 Deferred loan fees, net of costs 830 — — — — 830 Total Loans $ 2,351,689 $ 14,282 $ 1,913 $ 3,037 $ 60,026 $ 2,430,947
Summary of Investment of PCI loans	The following tables present the amortized cost of nonaccrual loans held for investment with and without an ACL by loan category as of the dates stated. June 30, 2024 (Dollars in thousands) Nonaccrual Loans with No ACL Nonaccrual Loans with an ACL Total Nonaccrual Loans Commercial and industrial $ — $ 10,285 $ 10,285 Real estate – construction, commercial — 320 320 Real estate – commercial — 6,374 6,374 Real estate – residential 557 5,466 6,023 Consumer — 669 669 Total $ 557 $ 23,114 $ 23,671 December 31, 2023 (Dollars in thousands) Nonaccrual Loans with No ACL Nonaccrual Loans with an ACL Total Nonaccrual Loans Commercial and industrial $ 1,487 $ 37,942 $ 39,429 Real estate – construction, commercial — 383 383 Real estate – commercial 2,024 9,856 11,880 Real estate – residential 577 7,003 7,580 Consumer — 754 754 Total $ 4,088 $ 55,938 $ 60,026
Summary of Accrued Interest Receivable by Loan Type Reversed from Income	The following tables present accrued interest receivable by loan type reversed from interest income associated with loans held for investment that were placed on nonaccrual status for the periods stated. For the three months ended June 30, For the six months ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Commercial and industrial $ 267 $ 44 $ 324 $ 76 Real estate – construction, commercial — 21 25 22 Real estate – construction, residential — 14 — 19 Real estate – commercial 14 1 65 206 Real estate – residential 44 47 54 61 Consumer 3 4 8 5 Total $ 328 $ 131 $ 476 $ 389
Summary of Amortized Cost of Loans Held for Investment by Internal Loan Grade by Year of Orgination	The following table presents the amortized cost of loans held for investment by internal loan risk grade by year of origination as of June 30, 2024. There were no loans classified as loss (risk grade 9) as of the same date. Also presented are current period gross charge-offs by loan type for the six months ended June 30, 2024. Term Loans Amortized Cost Basis by Origination Year (Dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Loans Total Commercial and industrial Risk Grades 1 - 4 $ 7,340 $ 14,180 $ 87,369 $ 18,050 $ 21,300 $ 19,557 $ 101,747 $ 269,543 Risk Grades 5 - 6 913 23,961 42,271 16,008 5,790 1,831 23,233 114,007 Risk Grade 7 — 3,252 1,315 6,764 783 1,377 1,791 15,282 Risk Grade 8 214 — — 2,542 — 1 — 2,757 Total 8,467 41,393 130,955 43,364 27,873 22,766 126,771 401,589 Current period gross charge-offs — 47 13,345 302 124 120 1 13,939 Real estate – construction, commercial Risk Grades 1 - 4 — 8,765 58,330 16,190 10,604 5,791 2,252 101,932 Risk Grades 5 - 6 — 1,098 23,789 1,498 — 4,968 — 31,353 Risk Grade 7 — 117 1,723 32 — 360 — 2,232 Total — 9,980 83,842 17,720 10,604 11,119 2,252 135,517 Current period gross charge-offs — — — — — — — — Real estate – construction, residential Risk Grades 1 - 4 7,508 17,128 4,974 9,758 — 62 12,189 51,619 Risk Grades 5 - 6 398 479 2,608 — 163 — — 3,648 Risk Grade 7 — 427 155 — — — — 582 Total 7,906 18,034 7,737 9,758 163 62 12,189 55,849 Current period gross charge-offs — — — — — 39 — 39 Real estate – commercial — Risk Grades 1 - 4 4,255 21,379 268,057 119,175 145,317 159,935 20,358 738,476 Risk Grades 5 - 6 3,154 — 62,937 13,818 16,259 19,209 4,184 119,561 Risk Grade 7 — — — 9,051 3,772 7,109 25 19,957 Risk Grade 8 — — 1,104 — — — — 1,104 Total 7,409 21,379 332,098 142,044 165,348 186,253 24,567 879,098 Current period gross charge-offs — — — — — — — — Real estate – residential Risk Grades 1 - 4 934 56,064 227,986 116,478 67,486 149,912 57,409 676,269 Risk Grades 5 - 6 — 12,578 9,567 4,496 2,263 8,967 3,181 41,052 Risk Grade 7 — — 1,796 954 1,166 5,635 374 9,925 Total 934 68,642 239,349 121,928 70,915 164,514 60,964 727,246 Current period gross charge-offs — — — — — 42 2 44 Real estate – farmland Risk Grades 1 - 4 150 — 1,002 1,266 — 2,888 167 5,473 Risk Grades 5 - 6 — 141 — 103 — — — 244 Total 150 141 1,002 1,369 — 2,888 167 5,717 Current period gross charge-offs — — — — — — — — Consumer Risk Grades 1 - 4 6,170 21,468 11,319 2,578 1,945 847 7,618 51,945 Risk Grades 5 - 6 — 54 38 11 26 57 407 593 Risk Grade 7 14 145 405 168 93 64 — 889 Total 6,184 21,667 11,762 2,757 2,064 968 8,025 53,427 Current period gross charge-offs 434 178 619 27 20 12 — 1,290 Total Loans Risk Grades 1 - 4 $ 26,357 $ 138,984 $ 659,037 $ 283,495 $ 246,652 $ 338,992 $ 201,740 $ 1,895,257 Risk Grades 5 - 6 4,465 38,311 141,210 35,934 24,501 35,032 31,005 310,458 Risk Grade 7 14 3,941 5,394 16,969 5,814 14,545 2,190 48,867 Risk Grade 8 214 — 1,104 2,542 — 1 — 3,861 Total $ 31,050 $ 181,236 $ 806,745 $ 338,940 $ 276,967 $ 388,570 $ 234,935 $ 2,258,443 Total current period gross charge-offs $ 434 $ 225 $ 13,964 $ 329 $ 144 $ 213 $ 3 $ 15,312 The following table presents the amortized cost of loans held for investment by internal loan risk grade by year of origination as of December 31, 2023. There were no loans classified as loss (risk grade 9) as of the same date. Term Loans Recorded Investment Basis by Origination Year (Dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Loans Total Commercial and industrial Risk Grades 1 - 4 $ 15,830 $ 114,291 $ 32,273 $ 25,429 $ 8,217 $ 14,200 $ 138,267 $ 348,507 Risk Grades 5 - 6 26,563 40,399 12,759 6,305 819 1,537 19,722 108,104 Risk Grade 7 — 877 3,623 829 543 134 9,191 15,197 Risk Grade 8 — 34,203 2,554 — — 379 — 37,136 Total 42,393 189,770 51,209 32,563 9,579 16,250 167,180 508,944 Real estate – construction, commercial Risk Grades 1 - 4 8,533 85,687 33,344 14,690 6,358 5,589 4,367 158,568 Risk Grades 5 - 6 4,213 11,072 760 293 — 738 3,827 20,903 Risk Grade 7 119 46 40 — — 376 — 581 Total 12,865 96,805 34,144 14,983 6,358 6,703 8,194 180,052 Real estate – construction, residential Risk Grades 1 - 4 31,611 22,734 3,867 59 741 67 10,656 69,735 Risk Grades 5 - 6 1,486 2,672 — 167 200 — — 4,525 Risk Grade 7 367 1,205 — — — — — 1,572 Total 33,464 26,611 3,867 226 941 67 10,656 75,832 Real estate – commercial Risk Grades 1 - 4 14,671 280,479 121,257 144,498 42,226 123,774 20,332 747,237 Risk Grades 5 - 6 2,841 25,075 9,038 19,597 12,921 27,778 4,214 101,464 Risk Grade 7 323 — 8,202 4,938 111 8,265 — 21,839 Total 17,835 305,554 138,497 169,033 55,258 159,817 24,546 870,540 Real estate – residential Risk Grades 1 - 4 51,042 218,375 121,872 69,165 27,877 132,986 55,327 676,644 Risk Grades 5 - 6 12,014 9,339 677 1,944 2,122 7,281 3,255 36,632 Risk Grade 7 — 2,240 2,446 1,812 943 9,307 85 16,833 Risk Grade 8 — — — — — 1 — 1 Total 63,056 229,954 124,995 72,921 30,942 149,575 58,667 730,110 Real estate – farmland Risk Grades 1 - 4 — 729 1,397 — 1,520 1,562 115 5,323 Risk Grades 5 - 6 147 — — — — — — 147 Total 147 729 1,397 — 1,520 1,562 115 5,470 Consumer Risk Grades 1 - 4 26,535 14,215 3,598 2,724 1,137 466 8,766 57,441 Risk Grades 5 - 6 61 42 12 12 8 433 495 1,063 Risk Grade 7 14 259 115 131 44 102 — 665 Total 26,610 14,516 3,725 2,867 1,189 1,001 9,261 59,169 Total Loans Risk Grades 1 - 4 $ 148,222 $ 736,510 $ 317,608 $ 256,565 $ 88,076 $ 278,644 $ 237,830 $ 2,063,455 Risk Grades 5 - 6 47,325 88,599 23,246 28,318 16,070 37,767 31,513 272,838 Risk Grade 7 823 4,627 14,426 7,710 1,641 18,184 9,276 56,687 Risk Grade 8 — 34,203 2,554 — — 380 — 37,137 Total $ 196,370 $ 863,939 $ 357,834 $ 292,593 $ 105,787 $ 334,975 $ 278,619 $ 2,430,117
Summary of Change in the ACL by Major Loan Segment	For the three months ended June 30, 2024 (Dollars in thousands) Commercial Consumer Total Balance, beginning of period $ 27,065 $ 7,960 $ 35,025 Charge-offs ( 11,982 ) ( 628 ) ( 12,610 ) Recoveries 1,829 192 2,021 Net charge-offs ( 10,153 ) ( 436 ) ( 10,589 ) Provision for credit losses - loans 3,472 128 3,600 Balance, end of period $ 20,384 $ 7,652 $ 28,036 For the three months ended June 30, 2023 (Dollars in thousands) Commercial Consumer Total Balance, beginning of period $ 27,266 $ 8,695 $ 35,961 Charge-offs ( 7,326 ) ( 1,694 ) ( 9,020 ) Recoveries 887 126 1,013 Net charge-offs ( 6,439 ) ( 1,568 ) ( 8,007 ) Provision for credit losses - loans 9,037 1,576 10,613 Balance, end of period $ 29,864 $ 8,703 $ 38,567 For the six months ended June 30, 2024 (Dollars in thousands) Commercial Consumer Total Balance, beginning of period $ 27,491 $ 8,402 $ 35,893 Charge-offs ( 13,939 ) ( 1,373 ) ( 15,312 ) Recoveries 3,360 495 3,855 Net charge-offs ( 10,579 ) ( 878 ) ( 11,457 ) Provision for credit losses - loans 3,472 128 3,600 Balance, end of period $ 20,384 $ 7,652 $ 28,036 For the six months ended June 30, 2023 (Dollars in thousands) Commercial Consumer Total Balance, beginning of period $ 27,070 $ 3,670 $ 30,740 Impact of ASC 326 adoption 2,926 4,492 7,418 Charge-offs ( 8,125 ) ( 2,204 ) ( 10,329 ) Recoveries 1,005 230 1,235 Net charge-offs ( 7,120 ) ( 1,974 ) ( 9,094 ) Provision for credit losses - loans 6,988 2,515 9,503 Balance, end of period $ 29,864 $ 8,703 $ 38,567 Of the commercial loan net charge-off amount in the 2024 periods,
Summary of Amortized Cost of Collateral-Dependent Loans	The following table presents the amortized cost of collateral-dependent loans as of the dates stated. (Dollars in thousands) June 30, 2024 December 31, 2023 Commercial and industrial $ 43,721 $ 67,555 Real estate – construction, commercial 4,039 6,309 Real estate – construction, residential — 2,303 Real estate – commercial 14,814 13,401 Real estate – residential 4,667 7,337 Total collateral-dependent loans $ 67,241 $ 96,905
Summary of Modified Loans	The following table presents information on loans modified in the last 12 months from the date stated. June 30, 2024 (Dollars in thousands) Number of Loans Recorded Investment Recorded Investment of Modified Loans to Gross Loans by Category Financial Effect Modification - term extension and forbearance Forbearance agreements Commercial and industrial (1) 4 $ 18,834 4.69 % Real estate – construction, residential 1 155 0.28 % Real estate – residential 1 126 0.02 % Modification - payment deferral Payment deferral 6-9 months Real estate – residential 1 557 0.08 % Commercial and industrial 1 183 0.05 % Total 8 $ 19,855 0.88 % 14.4 million and classified as held for sale as of June 30, 2024.
Summary of Aging Analysis of Loans Modified	The following table presents an aging analysis of the recorded investment of loans modified as of the date stated. June 30, 2024 (Dollars in thousands) Current 30-89 Greater than Nonaccrual Total Commercial and industrial (1) $ 1,680 $ — $ — $ 17,337 $ 19,017 Real estate – residential 126 — — 557 683 Real estate – construction, residential 155 — — — 155 Total modified loans $ 1,961 $ — $ — $ 17,894 $ 19,855 (1) Included in this line item was a nonperforming specialty finance loan totaling $ 14.4 million and classified as held for sale as of June 30, 2024.

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Information Regarding FHLB Advances Outstanding	The following tables present information regarding FHLB advances outstanding as of the dates stated. June 30, 2024 (Dollars in thousands) Balance Origination Date Stated Interest Rate Maturity Date Daily Rate Credit $ 52,900 5/8/2024 5.57 % 5/8/2025 Fixed Rate Credit 50,000 3/15/2023 4.07 % 3/15/2027 Fixed Rate Credit 50,000 5/2/2023 3.87 % 5/3/2027 Fixed Rate Credit 50,000 5/4/2023 3.52 % 5/4/2028 Total FHLB borrowings $ 202,900 December 31, 2023 (Dollars in thousands) Balance Origination Date Stated Interest Rate Maturity Date Daily Rate Credit $ 60,000 5/8/2023 5.57 % 5/8/2024 Fixed Rate Credit 50,000 3/15/2023 4.07 % 3/15/2027 Fixed Rate Credit 50,000 5/2/2023 3.87 % 5/3/2027 Fixed Rate Credit 50,000 5/4/2023 3.52 % 5/4/2028 Total FHLB borrowings $ 210,000

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Summary of Financial Assets Measured at Fair Value on Recurring Basis	The following tables present the balances of financial assets measured at fair value on a recurring basis as of the dates stated. June 30, 2024 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale Mortgage backed securities $ 163,113 $ — $ 163,113 $ — U.S. Treasury and agencies 68,895 — 68,895 — State and municipals 43,003 — 43,003 — Corporate bonds 32,416 — 31,666 750 Total securities available for sale $ 307,427 $ — $ 306,677 $ 750 Other assets Mortgage servicing rights assets $ 29,862 $ — $ — $ 29,862 Rabbi trust assets 575 575 — — Mortgage derivative asset 295 — 295 — Interest rate swap asset 103 — 103 — Other liabilities Interest rate swap liability $ 103 $ — $ 103 $ — December 31, 2023 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale Mortgage backed securities $ 176,970 $ — $ 176,970 $ — U.S. Treasury and agencies 68,871 — 68,871 — State and municipals 43,325 — 43,325 — Corporate bonds 31,915 — 31,165 750 Total securities available for sale $ 321,081 $ — $ 320,331 $ 750 Other assets Mortgage servicing rights assets $ 27,114 $ — $ — $ 27,114 Rabbi trust assets 531 531 — — Mortgage derivative asset 335 — 335 — Interest rate swap asset 71 — 71 — Other liabilities Mortgage derivative liability $ 140 $ — $ 140 $ — Interest rate swap liability 71 — 71 — The following table presents the change in corporate bonds and mortgage backed securities using Level 3 inputs for the periods stated. (Dollars in thousands) Corporate Mortgage Backed Securities Balance as of December 31, 2023 $ 750 $ — Transfers from Level 2 to Level 3 — 2,000 Sales or paydowns — ( 2,000 ) Balance as of June 30, 2024 $ 750 $ —
Summary of changes in corporate bonds and mortgage backed securities using level 3 inputs	The following table presents the change in corporate bonds and mortgage backed securities using Level 3 inputs for the periods stated. (Dollars in thousands) Corporate Mortgage Backed Securities Balance as of December 31, 2023 $ 750 $ — Transfers from Level 2 to Level 3 — 2,000 Sales or paydowns — ( 2,000 ) Balance as of June 30, 2024 $ 750 $ —
Summary of Change in Mortgage Servicing Right ("MSR") Assets	The following table presents the change in mortgage servicing rights ("MSR") assets as of the dates and for the periods stated. (Dollars in thousands) MSR Assets Balance as of December 31, 2023 $ 27,114 Additions 9 Fair value adjustments 2,739 Balance as of June 30, 2024 $ 29,862
Summary of Assets Measured at Fair Value	The following tables summarize assets that were measured at fair value on a nonrecurring basis as of the dates stated. As noted previously, in the second quarter of 2024, the Company recorded an $ 8.5 million impairment charge against the Company's investment in a fintech company, which is reported in other equity investments on the consolidated balance sheets. June 30, 2024 (Dollars in thousands) Total Level 1 Level 2 Level 3 Other equity investments $ 4,354 $ — $ 1,348 $ 3,006 Collateral-dependent loans 20,061 — — 20,061 Loans held for sale 54,377 — 39,990 14,387 December 31, 2023 (Dollars in thousands) Total Level 1 Level 2 Level 3 Other equity investments $ 12,905 $ — $ 12,905 $ — Collateral-dependent loans 56,068 — — 56,068 Loans held for sale 46,337 — 46,337 —
Summary of Quantitative Information about Level 3 Fair Value Measurements of Assets Measured on a Nonrecurring Basis	The following tables present quantitative information about Level 3 fair value measurements of assets measured on a nonrecurring basis as of the dates stated. (Dollars in thousands) Balance as of June 30, 2024 Unobservable Input Range Other equity investments Probability weighted expected return technique $ 3,006 Discount Rate 20 % Collateral-dependent loans Discounted appraised value technique 20,061 Selling Costs 7 % - 15 % Loans held for sale Discounted sales price technique 14,387 Selling Costs 15 % Discount Rate 26 % (Dollars in thousands) Balance as of December 31, 2023 Unobservable Input Range Collateral-dependent loans Discounted appraised value technique $ 56,068 Selling Costs 7 % - 15 %
Summary of Estimated Fair Values and Related Carrying Amounts and Valuation Level of Financial Instruments	The following tables present the estimated fair values, related carrying amounts, and valuation level of the financial instruments as of the dates stated. June 30, 2024 Fair Value Measurements (Dollars in thousands) Carrying Value Fair Value Level 1 Level 2 Level 3 Financial Assets Cash and due from banks $ 124,607 $ 124,607 $ 124,607 $ — $ — Restricted cash 5,924 5,924 5,924 — — Federal funds sold 5,219 5,219 5,219 — — Securities available for sale 307,427 307,427 — 306,677 750 Restricted equity investments 18,236 18,236 — 18,236 — Other equity investments 4,354 4,354 — 1,348 3,006 Other investments 21,099 21,099 — — 21,099 Loans held for sale 54,377 54,377 — 39,990 14,387 Loans held for investment, net 2,231,243 2,139,734 — — 2,139,734 Accrued interest receivable 14,172 14,172 — 14,172 — Bank owned life insurance 42,446 42,446 — 42,446 — MSR assets 29,862 29,862 — — 29,862 Financial Liabilities Noninterest-bearing demand $ 470,128 $ 470,128 $ 470,128 $ — $ — Interest-bearing demand and money market 769,870 769,870 — 769,870 — Savings 106,619 106,619 — 106,619 — Time 979,222 974,348 — — 974,348 FHLB borrowings 202,900 207,099 — 207,099 — Subordinated notes, net 39,822 38,254 — — 38,254 December 31, 2023 Fair Value Measurements (Dollars in thousands) Carrying Value Fair Value Level 1 Level 2 Level 3 Financial Assets Cash and due from banks $ 110,491 $ 110,491 $ 110,491 $ — $ — Restricted cash 10,660 10,660 10,660 — — Federal funds sold 4,451 4,451 4,451 — — Securities available for sale 321,081 321,081 — 320,331 750 Restricted equity investments 18,621 18,621 — 18,621 — Other equity investments 12,905 12,905 — 12,905 — Other investments 29,467 29,467 — — 29,467 Loans held for sale 46,337 46,337 — 46,337 — Loans held for investment, net 2,395,054 2,316,113 — — 2,316,113 Accrued interest receivable 14,967 14,967 — 14,967 — Bank owned life insurance 48,453 48,453 — 48,453 — MSR assets 27,114 27,114 — — 27,114 Financial Liabilities Noninterest-bearing demand $ 506,248 $ 506,248 $ 506,248 $ — $ — Interest-bearing demand and money market 1,049,536 1,049,536 — 1,049,536 — Savings 117,923 117,923 — 117,923 — Time 892,325 892,439 — — 892,439 FHLB borrowings 210,000 211,799 — 211,799 — FRB borrowings 65,000 65,000 — 65,000 — Subordinated notes, net 39,855 37,803 — — 37,803

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Summary of Lease Liabilities are Included within Other Liabilities	The following tables present information about the Company’s leases as of the dates and for the periods stated. (Dollars in thousands) June 30, 2024 December 31, 2023 Lease liabilities $ 8,947 $ 9,619 Right-of-use asset $ 8,208 $ 8,738 Weighted average remaining lease term (years) 7.10 7.14 Weighted average discount rate 3.41 % 3.25 % For the three months ended June 30, For the six months ended June 30, (Dollars in thousands) 2024 2023 2024 2023 Operating lease cost $ 426 $ 526 $ 913 $ 1,241 Cash paid for amounts included in the measurement of lease liabilities 411 546 867 1,145
Summary of Operating Lease Liabilities	The following table presents a maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities as of the date stated. (Dollars in thousands) June 30, 2024 Six months ending December 31, 2024 $ 875 Twelve months ending December 31, 2025 1,703 Twelve months ending December 31, 2026 1,497 Twelve months ending December 31, 2027 1,312 Twelve months ending December 31, 2028 1,122 Thereafter 3,673 Total undiscounted cash flows 10,182 Discount ( 1,235 ) Lease liabilities $ 8,947

Minimum Regulatory Capital Re_2

Minimum Regulatory Capital Requirements (Tables)	6 Months Ended
	Jun. 30, 2024
Regulatory Matters [Abstract]
Summary of Capital Requirements Administered by Banking Agencies Capital Ratios	The following tables present the capital ratios to which banks are subject to be adequatel y and well capitalized, as well as the capital for the Bank to meet these capital ratio levels, as of the dates stated. Adequately capitalized ratios include the conversation buffer, if applicable. Also presented are the minimum capital ratios set forth in the Consent Order for the Bank, and the related capital amounts for both the leverage ratio and the total capital ratio. The CECL Transitional Amount was $ 8.1 million, of which $ 4.1 million and $ 2.0 million reduced the regulatory capital amounts and capital ratios as of June 30, 2024 and December 31, 2023, respectively. June 30, 2024 Actual For Capital Adequacy Purposes To Be Well Capitalized Minimum Capital Ratios (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total risk based capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 367,696 15.18 % $ 254,335 10.50 % $ 242,224 10.00 % $ 314,891 13.00 % Tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 343,744 14.19 % $ 205,907 8.50 % $ 193,795 8.00 % n/a n/a Common equity tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 343,744 14.19 % $ 169,571 7.00 % $ 157,458 6.50 % n/a n/a Tier 1 leverage (To average assets) Blue Ridge Bank, N.A. $ 343,744 11.02 % $ 124,771 4.00 % $ 155,964 5.00 % $ 311,927 10.00 % December 31, 2023 Actual For Capital Adequacy Purposes To Be Well Capitalized Minimum Capital Ratios (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total risk based capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 270,293 10.25 % $ 276,842 10.50 % $ 263,659 10.00 % $ 342,757 13.00 % Tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 239,775 9.09 % $ 224,111 8.50 % $ 210,928 8.00 % n/a n/a Common equity tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 239,775 9.09 % $ 184,562 7.00 % $ 171,379 6.50 % n/a n/a Tier 1 leverage (To average assets) Blue Ridge Bank, N.A. $ 239,775 7.49 % $ 128,001 4.00 % $ 160,001 5.00 % $ 320,003 10.00 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Summary of Computation of Basic and Diluted EPS	The following table shows the calculation of basic and diluted EPS and the weighted average nu mber of shares outstanding used in computing EPS and the effect on the weighted average number of shares outstanding of dilutive potential common stock for the periods stated. For the periods presented, all outstanding stock options, PSAs, preferred stock, and warrants were considered anti-dilutive and excluded from the computation of diluted EPS, due to the net loss in the respective periods. For the three months ended For the six months ended (Dollars in thousands, except per share data) June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Net loss $ ( 11,435 ) $ ( 8,613 ) $ ( 14,328 ) $ ( 4,643 ) Less preferred stock dividends 150 — 150 — Net loss available to common shareholders $ ( 11,585 ) $ ( 8,613 ) $ ( 14,478 ) $ ( 4,643 ) Weighted average common shares outstanding, basic 24,477,007 18,850,625 21,827,669 18,853,553 Effect of dilutive securities — — — — Weighted average common shares outstanding, dilutive 24,477,007 18,850,625 21,827,669 18,853,553 Basic and diluted loss per share $ ( 0.47 ) $ ( 0.45 ) $ ( 0.66 ) $ ( 0.25 )

Business Segments (Tables)

Business Segments (Tables)	6 Months Ended
	Jun. 30, 2024
Segment Reporting [Abstract]
Summary of Segment Reporting Information by Segment	The following tables present statement of operations items and assets by segment as of the dates and for the periods stated. As of and for the three months ended June 30, 2024 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge 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 provision 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 Gain on sale of guaranteed government loans 11 — — — 11 Other income 3,818 — — ( 93 ) 3,725 Total noninterest income 3,829 5,109 ( 8,537 ) ( 93 ) 308 NONINTEREST EXPENSE Salaries and employee benefits 13,582 1,339 11 — 14,932 Regulatory remediation 1,397 — — — 1,397 Other expenses 11,733 1,182 193 ( 93 ) 13,015 Total noninterest expense 26,712 2,521 204 ( 93 ) 29,344 (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 as of June 30, 2024 $ 2,883,732 $ 41,433 $ 372,515 $ ( 364,608 ) $ 2,933,072 As of and for the three months ended June 30, 2023 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 42,040 $ 415 $ 5 $ — $ 42,460 Interest expense 17,853 170 547 — 18,570 Net interest income 24,187 245 ( 542 ) — 23,890 Provision for credit losses 10,013 — — — 10,013 Net interest income after provision for credit losses 14,174 245 ( 542 ) — 13,877 NONINTEREST INCOME Fair value adjustments of other equity investments — — ( 281 ) — ( 281 ) Residential mortgage banking income — 3,145 — — 3,145 Mortgage servicing rights — 1,150 — — 1,150 Gain on sale of guaranteed government loans 2,384 — — — 2,384 Other income 3,438 — ( 1 ) ( 99 ) 3,338 Total noninterest income 5,822 4,295 ( 282 ) ( 99 ) 9,736 NONINTEREST EXPENSE Salaries and employee benefits 12,233 2,285 — — 14,518 Regulatory remediation 2,388 — — — 2,388 Other expenses 13,529 1,392 2,324 ( 99 ) 17,146 Total noninterest expense 28,150 3,677 2,324 ( 99 ) 34,052 (Loss) income before income tax expense ( 8,154 ) 863 ( 3,148 ) — ( 10,439 ) Income tax (benefit) expense ( 1,199 ) 34 ( 661 ) — ( 1,826 ) Net (loss) income $ ( 6,955 ) $ 829 $ ( 2,487 ) $ — $ ( 8,613 ) Total assets as of June 30, 2023 $ 3,141,817 $ 41,124 $ 273,280 $ ( 241,797 ) $ 3,214,424 As of and for the six months ended June 30, 2024 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge 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 loan 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 Gain on sale of guaranteed government loans 121 — — — 121 Other income 8,229 — 17 ( 192 ) 8,054 Total noninterest income 8,350 8,502 ( 8,527 ) ( 192 ) 8,133 NONINTEREST EXPENSE Salaries and employee benefits 27,750 3,183 44 — 30,977 Regulatory remediation 4,041 — — — 4,041 Other expenses 24,136 2,394 462 ( 192 ) 26,800 Total noninterest expense 55,927 5,577 506 ( 192 ) 61,818 (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 as of June 30, 2024 $ 2,883,732 $ 41,433 $ 372,515 $ ( 364,608 ) $ 2,933,072 As of and for the six months ended June 30, 2023 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 82,619 $ 720 $ 11 $ — $ 83,350 Interest expense 32,855 309 1,100 — 34,264 Net interest income 49,764 411 ( 1,089 ) — 49,086 Provision for credit losses 8,503 — — — 8,503 Net interest income after provision for credit losses 41,261 411 ( 1,089 ) — 40,583 NONINTEREST INCOME Fair value adjustments of other equity investments — — ( 332 ) — ( 332 ) Residential mortgage banking income — 6,344 — — 6,344 Mortgage servicing rights — ( 746 ) — — ( 746 ) Gain on sale of guaranteed government loans 4,793 — — — 4,793 Other income 7,151 — 7 ( 198 ) 6,960 Total noninterest income 11,944 5,598 ( 325 ) ( 198 ) 17,019 NONINTEREST EXPENSE Salaries and employee benefits 24,861 4,946 — — 29,807 Regulatory remediation 3,522 — — — 3,522 Other expenses 23,605 2,877 3,286 ( 198 ) 29,570 Total noninterest expense 51,988 7,823 3,286 ( 198 ) 62,899 Income (loss) before income tax expense 1,217 ( 1,814 ) ( 4,700 ) — ( 5,297 ) Income tax expense (benefit) 882 ( 549 ) ( 987 ) — ( 654 ) Net income (loss) $ 335 $ ( 1,265 ) $ ( 3,713 ) $ — $ ( 4,643 ) Total assets as of June 30, 2023 $ 3,141,817 $ 41,124 $ 273,280 $ ( 241,797 ) $ 3,214,424

Changes to Accumulated Other _2

Changes to Accumulated Other Comprehensive Income (Loss), net (Tables)	6 Months Ended
	Jun. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The following tables present components of accumulated other comprehensive income (loss) for the periods stated. For the three months ended June 30, 2024 (Dollars in thousands) Net Unrealized (Losses) Gains on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive (Gain) Loss, net Balance as of April 1, 2024 $ ( 48,039 ) $ 425 $ — $ ( 47,614 ) Change in net unrealized holding gains on securities available for sale, net of deferred tax expense of $ 862 3,079 — — 3,079 Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit of $ 15 52 — — 52 Balance as of June 30, 2024 $ ( 44,908 ) $ 425 $ — $ ( 44,483 ) For the three months ended June 30, 2023 (Dollars in thousands) Net Unrealized Losses on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Loss, net Balance as of April 1, 2023 $ ( 41,659 ) $ 425 $ ( 1 ) $ ( 41,235 ) Change in net unrealized holding losses on securities available for sale, net of deferred tax benefit of $ 1,446 ( 5,023 ) — — ( 5,023 ) Balance as of June 30, 2023 $ ( 46,682 ) $ 425 $ ( 1 ) $ ( 46,258 ) For the six months ended June 30, 2024 (Dollars in thousands) Net Unrealized (Losses) Gains on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive (Gain) Loss, net Balance as of January 1, 2024 $ ( 45,481 ) $ 425 $ — $ ( 45,056 ) Change in net unrealized holding gains on securities available for sale, net of deferred tax expense of $ 491 521 — — 521 Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit of $ 15 52 — — 52 Balance as of June 30, 2024 $ ( 44,908 ) $ 425 $ — $ ( 44,483 ) For the six months ended June 30, 2023 (Dollars in thousands) Net Unrealized Losses on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Pension and Post-retirement Benefit Plans Accumulated Other Comprehensive Loss, net Balance as of January 1, 2023 $ ( 45,525 ) $ 425 $ ( 1 ) $ ( 45,101 ) Change in net unrealized holding losses on securities available for sale, net of deferred tax benefit of $ 333 ( 1,157 ) — — ( 1,157 ) Balance as of June 30, 2023 $ ( 46,682 ) $ 425 $ ( 1 ) $ ( 46,258 )

Subsequent Events (Tables)

Subsequent Events (Tables)	6 Months Ended
	Jun. 30, 2024
Subsequent Event [Line Items]
Summary of Capital and Capital Ratios of the Bank on a Pro forma Basis	The following tables present the capital ratios to which banks are subject to be adequatel y and well capitalized, as well as the capital for the Bank to meet these capital ratio levels, as of the dates stated. Adequately capitalized ratios include the conversation buffer, if applicable. Also presented are the minimum capital ratios set forth in the Consent Order for the Bank, and the related capital amounts for both the leverage ratio and the total capital ratio. The CECL Transitional Amount was $ 8.1 million, of which $ 4.1 million and $ 2.0 million reduced the regulatory capital amounts and capital ratios as of June 30, 2024 and December 31, 2023, respectively. June 30, 2024 Actual For Capital Adequacy Purposes To Be Well Capitalized Minimum Capital Ratios (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total risk based capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 367,696 15.18 % $ 254,335 10.50 % $ 242,224 10.00 % $ 314,891 13.00 % Tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 343,744 14.19 % $ 205,907 8.50 % $ 193,795 8.00 % n/a n/a Common equity tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 343,744 14.19 % $ 169,571 7.00 % $ 157,458 6.50 % n/a n/a Tier 1 leverage (To average assets) Blue Ridge Bank, N.A. $ 343,744 11.02 % $ 124,771 4.00 % $ 155,964 5.00 % $ 311,927 10.00 % December 31, 2023 Actual For Capital Adequacy Purposes To Be Well Capitalized Minimum Capital Ratios (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio Amount Ratio Total risk based capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 270,293 10.25 % $ 276,842 10.50 % $ 263,659 10.00 % $ 342,757 13.00 % Tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 239,775 9.09 % $ 224,111 8.50 % $ 210,928 8.00 % n/a n/a Common equity tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 239,775 9.09 % $ 184,562 7.00 % $ 171,379 6.50 % n/a n/a Tier 1 leverage (To average assets) Blue Ridge Bank, N.A. $ 239,775 7.49 % $ 128,001 4.00 % $ 160,001 5.00 % $ 320,003 10.00 %

Organization and Basis of Pre_4

Organization and Basis of Presentation - Additional Information (Details)	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Leverage ratio	0.10
Capital ratio	0.13

Organization and Basis of Pre_5

Organization and Basis of Presentation - Private Placement - Additional Information (Detail) $ / shares in Units, $ in Thousands			6 Months Ended
	Jun. 13, 2024 shares	Apr. 03, 2024 shares	Jun. 30, 2024 USD ($) $ / shares shares	Jun. 30, 2023 USD ($)	Dec. 31, 2023 $ / shares
Subsidiary, Sale of Stock [Line Items]
Leverage ratio			0.10
Capital ratio			0.13
Proceeds from Private Placement | $			$ 152,474	$ 0
Series C Preferred Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Preferred Stock Stated Value PerShare | $ / shares			$ 50		$ 50
Private Placement [Member]
Subsidiary, Sale of Stock [Line Items]
Net proceeds from Private Placement, Shares	11,600,000	150,000,000
Proceeds from capital net of issuance costs | $			$ 152,500
Preferred Stock Stated Value PerShare | $ / shares			$ 10,000
Convertible Preferred Stock, Shares Issued upon Conversion			4,000
Warrants term			5 years
Warrants expiration			Apr. 03, 2029
Leverage ratio			0.10
Capital ratio			0.13
Private Placement [Member] | Series B Preferred Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Issuance of warrants			6,549
Private Placement [Member] | Series C Preferred Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Issuance of warrants			1,441
Private Placement [Member] | Common Stock [Member] | Series B Preferred Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion			50,232,000

Organization and Basis of Pre_6

Organization and Basis of Presentation - Schedule of Effect of the Private Placements on Common and Preferred stock (Detail) - Private Placement [Member]	6 Months Ended
	Jun. 30, 2024 shares
Class of Stock [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion	4,000
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Warrants issued	6,549
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Warrants issued	1,441
Common Stock [Member]
Class of Stock [Line Items]
Shares issued on April 3, 2024 and June 13, 2024	3,690,000
Increase in shares of common and preferred stock	53,922,000
Warrants issued to purchase common stock	26,195,999
Common Stock [Member] | Series B Preferred Stock [Member]
Class of Stock [Line Items]
Convertible Preferred Stock, Shares Issued upon Conversion	50,232,000
Warrants for preferred stock that converted into warrants for common stock	4,000
Preferred Stock [Member] | Series B Preferred Stock [Member]
Class of Stock [Line Items]
Shares issued on April 3, 2024 and June 13, 2024	12,558
Convertible Preferred Stock, Shares Issued upon Conversion	(12,558)
Increase in shares of common and preferred stock	0
Warrants issued	6,549
Warrants for preferred stock that converted into warrants for common stock	(6,549)
Increase in warrants for preferred stock	0
Preferred Stock [Member] | Series C Preferred Stock [Member]
Class of Stock [Line Items]
Shares issued on April 3, 2024 and June 13, 2024	2,732
Convertible Preferred Stock, Shares Issued upon Conversion	0
Increase in shares of common and preferred stock	2,732
Warrants issued	1,441
Warrants for preferred stock that converted into warrants for common stock	0
Increase in warrants for preferred stock	1,441

Organization and Basis of Pre_7

Organization and Basis of Presentation - Schedule of Effect of the Private Placements on Common and Preferred stock (Parenthetical) (Detail) - Private Placement [Member]	Jun. 30, 2024 shares
Common Stock [Member] | Series B Preferred Stock [Member]
Class of Stock [Line Items]
Conversion of common stock to preferred stock	4,000
Conversion of warrants for common stock	4,000
Preferred Stock [Member]
Class of Stock [Line Items]
Conversion of common stock to preferred stock	4,000
Preferred Stock [Member] | Series B Preferred Stock [Member]
Class of Stock [Line Items]
Conversion of warrants for common stock	(6,549)
Preferred Stock [Member] | Series C Preferred Stock [Member]
Class of Stock [Line Items]
Conversion of warrants for common stock	0

Organization and Basis of Pre_8

Organization and Basis of Presentation - Schedule of Fair Value of Warrants Issued in Connection with the Private Placements (Detail) - Private Placement [Member] - $ / shares	Jun. 13, 2024	Apr. 03, 2024
Series C Preferred Stock Warrants [Member]
Class of Warrant or Right [Line Items]
Fair value per warrant		$ 1.34
Stock price per share		2.76
Strike price per share		$ 2.5
Risk-free interest rate		4.40%
Term (years)		5 years
Expected volatility		45%
Common Stock Warrants [Member]
Class of Warrant or Right [Line Items]
Fair value per warrant	$ 1.49	$ 1.34
Stock price per share	2.99	2.76
Strike price per share	$ 2.5	$ 2.5
Risk-free interest rate	4.30%	4.40%
Term (years)	4 years 9 months 21 days	5 years
Expected volatility	45%	45%

Investment Securities and Oth_3

Investment Securities and Other Investments - Summary of Amortized Cost and Fair Values of Investment Securities Available for Sale (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Securities available for sale, at fair value	$ 307,427	$ 321,081	[1]
Investment securities, Amortized Cost	364,921	379,654
Investment securities, Gross Unrealized Gains		12
Investment securities, Gross Unrealized Losses	(57,494)	(58,585)
Investment securities, Fair Value	307,427	321,081
Mortgage Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	198,042	212,214
Available for sale, Gross Unrealized Losses	(34,929)	(35,244)
Securities available for sale, at fair value	163,113	176,970
U.S. Treasury and Agencies [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	79,634	79,856
Available for sale, Gross Unrealized Losses	(10,739)	(10,985)
Securities available for sale, at fair value	68,895	68,871
State and Municipal [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	50,356	50,682
Available for sale, Gross Unrealized Losses	(7,353)	(7,357)
Securities available for sale, at fair value	43,003	43,325
Corporate Bonds [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	36,889	36,902
Available for sale, Gross Unrealized Gains		12
Available for sale, Gross Unrealized Losses	(4,473)	(4,999)
Securities available for sale, at fair value	$ 32,416	$ 31,915
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Investment Securities and Oth_4

Investment Securities and Other Investments - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Schedule Of Investments [Line Items]
Federal home loan bank stock	$ 11,900	$ 11,900	$ 12,300
Federal reserve bank stock	5,900	5,900	5,900
Correspondent bank stock	468	468	468
Other equity investments	4,400	4,400	12,900
Securities available for sale, at fair value	307,427	307,427	321,081	[1]
Other Investments, Total	21,099	21,099	29,467	[1]
Sale of investment securities		6,400
Realized loss on investment		(69)
Impairment charge	8,500	8,500
Asset Pledged as Collateral without Right [Member] | FHLB [Member]
Schedule Of Investments [Line Items]
Securities pledged	$ 266,700	$ 266,700	35,900
Asset Pledged as Collateral without Right [Member] | Bank Term Funding Program Borrowings [Member]
Schedule Of Investments [Line Items]
Securities pledged			260,900
Debt securities, amortized cost			262,700
Securities available for sale, at fair value			$ 218,700
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Investment Securities and Oth_5

Investment Securities and Other Investments - Summary of Investments Classified by Contractual Maturity Date (Detail) $ in Thousands	Jun. 30, 2024 USD ($)
Schedule of Investments [Abstract]
Debt Securities Available for Sale, Amortized Cost, Due in one year or less	$ 3,017
Debt Securities Available for Sale, Amortized Cost, Due after one year through five years	47,585
Debt Securities Available for Sale, Amortized Cost, Due after five years through ten years	115,602
Debt Securities Available for Sale, Amortized Cost, Due after ten years	198,717
Total	364,921
Debt Securities Available for Sale, Fair Value, Due in one year or less	2,970
Debt Securities Available for Sale, Fair Value, Due after one year through five years	43,335
Debt Securities Available for Sale, Fair Value, Due after five years through ten years	98,808
Debt Securities Available for Sale, Fair Value, Due after ten years	162,314
Total	$ 307,427

Investment Securities and Oth_6

Investment Securities and Other Investments - Summary of Unrealized Losses (Detail) $ in Thousands	Jun. 30, 2024 USD ($) Security	Dec. 31, 2023 USD ($) Security
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of Securities | Security	219	219
Available-for-sale Securities, Fair Value, Less Than 12 Months	$ 8,410	$ 15,785
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(710)	(885)
Available-for-sale Securities, Fair Value, 12 Months or Greater	297,991	300,674
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(56,784)	(57,700)
Fair Value, Total	306,401	316,459
Unrealized Losses, Total	$ (57,494)	$ (58,585)
State and Municipal [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of Securities | Security	70	65
Available-for-sale Securities, Fair Value, Less Than 12 Months	$ 1,282	$ 536
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(13)	(9)
Available-for-sale Securities, Fair Value, 12 Months or Greater	41,446	41,118
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(7,340)	(7,348)
Fair Value, Total	42,728	41,654
Unrealized Losses, Total	$ (7,353)	$ (7,357)
U.S. Treasury and Agencies [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of Securities | Security	29	29
Available-for-sale Securities, Fair Value, Less Than 12 Months	$ 275	$ 283
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(1)	(1)
Available-for-sale Securities, Fair Value, 12 Months or Greater	68,619	68,399
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(10,738)	(10,984)
Fair Value, Total	68,894	68,682
Unrealized Losses, Total	$ (10,739)	$ (10,985)
Mortgage Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of Securities | Security	80	86
Available-for-sale Securities, Fair Value, Less Than 12 Months		$ 7,497
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months		(45)
Available-for-sale Securities, Fair Value, 12 Months or Greater	$ 163,113	169,474
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(34,929)	(35,199)
Fair Value, Total	163,113	176,971
Unrealized Losses, Total	$ (34,929)	$ (35,244)
Corporate Bonds [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of Securities | Security	40	39
Available-for-sale Securities, Fair Value, Less Than 12 Months	$ 6,853	$ 7,469
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(696)	(830)
Available-for-sale Securities, Fair Value, 12 Months or Greater	24,813	21,683
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(3,777)	(4,169)
Fair Value, Total	31,666	29,152
Unrealized Losses, Total	$ (4,473)	$ (4,999)

Loans and ACL - Summary of Amor

Loans and ACL - Summary of Amortized Cost of Loans Held for Investment (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 2,258,443	$ 2,430,117
Deferred loan fees, net of costs	836	830
Total	2,259,279	2,430,947
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	401,589	508,944
Construction, commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	135,517	180,052
Construction, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	55,849	75,832
Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	879,098	870,540
Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	727,246	730,110
Farmland [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	5,717	5,470
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 53,427	$ 59,169

Loans and ACL - Summary of Agin

Loans and ACL - Summary of Aging of amortized cost of loans held for investment by loan category (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Days past due	$ 2,258,443	$ 2,430,117
Nonaccrual	23,671	60,026
Gross loans	2,258,443	2,430,117
Deferred loan fees, net of costs	836	830
Total	2,259,279	2,430,947
Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	23,671	60,026
Nonaccrual loans with no allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	557	4,088
Non accrual loans with an allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	23,114	55,938
30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total	13,493	14,282
60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total	6,643	1,913
Greater than 90 Days Past Due & Accruing [Member]
Financing Receivable, Past Due [Line Items]
Total	3,127	3,037
Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	2,212,345	2,351,689
Deferred loan fees, net of costs	836	830
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Days past due	401,589	508,944
Nonaccrual	10,285	39,429
Gross loans	401,589	508,944
Commercial and Industrial [Member] | Nonaccrual loans with no allowance
Financing Receivable, Past Due [Line Items]
Nonaccrual		1,487
Commercial and Industrial [Member] | Non accrual loans with an allowance
Financing Receivable, Past Due [Line Items]
Nonaccrual	10,285	37,942
Commercial and Industrial [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	2,150	2,235
Gross loans	2,150	2,235
Commercial and Industrial [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	1,526	632
Gross loans	1,526	632
Commercial and Industrial [Member] | Greater than 90 Days Past Due & Accruing [Member]
Financing Receivable, Past Due [Line Items]
Days past due	2,751	1,709
Gross loans	2,751	1,709
Commercial and Industrial [Member] | Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	384,877	464,939
Construction, commercial [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	135,517	180,052
Nonaccrual	320	383
Gross loans	135,517	180,052
Construction, commercial [Member] | Non accrual loans with an allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	320	383
Construction, commercial [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due		2,016
Gross loans		2,016
Construction, commercial [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	1,180
Gross loans	1,180
Construction, commercial [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	134,017	177,653
Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	55,849	75,832
Gross loans	55,849	75,832
Construction, Residential [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due		523
Gross loans		523
Construction, Residential [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	55,849	75,309
Commercial [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	879,098	870,540
Nonaccrual	6,374	11,880
Gross loans	879,098	870,540
Commercial [Member] | Nonaccrual loans with no allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	0	2,024
Commercial [Member] | Non accrual loans with an allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	6,374	9,856
Commercial [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	8,647	2,109
Gross loans	8,647	2,109
Commercial [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	359	714
Gross loans	359	714
Commercial [Member] | Greater than 90 Days Past Due & Accruing [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due		574
Gross loans		574
Commercial [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	863,718	855,263
Residential [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	727,246	730,110
Nonaccrual	6,023	7,580
Gross loans	727,246	730,110
Residential [Member] | Nonaccrual loans with no allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	557	577
Residential [Member] | Non accrual loans with an allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	5,466	7,003
Residential [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	501	5,101
Gross loans	501	5,101
Residential [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	2,906	288
Gross loans	2,906	288
Residential [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	717,816	717,141
Farmland [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	5,717	5,470
Gross loans	5,717	5,470
Farmland [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	5,717	5,470
Consumer [Member]
Financing Receivable, Past Due [Line Items]
Days past due	53,427	59,169
Nonaccrual	669	754
Gross loans	53,427	59,169
Consumer [Member] | Non accrual loans with an allowance
Financing Receivable, Past Due [Line Items]
Nonaccrual	669	754
Consumer [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	2,195	2,298
Gross loans	2,195	2,298
Consumer [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	672	279
Gross loans	672	279
Consumer [Member] | Greater than 90 Days Past Due & Accruing [Member]
Financing Receivable, Past Due [Line Items]
Days past due	376	754
Gross loans	376	754
Consumer [Member] | Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	$ 49,515	$ 55,084

Loans and ACL - Summary of Accr

Loans and ACL - Summary of Accrued Interest Receivable by Loan Type Reversed from Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	$ 328	$ 131	$ 476	$ 389
Commercial and Industrial [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	267	44	324	76
Consumer [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	3	4	8	5
Real Estate [Member] | Commercial and Industrial [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	0	21	25	22
Real Estate [Member] | Construction, Residential [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	0	14	0	19
Real Estate [Member] | Commercial [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	14	1	65	206
Real Estate [Member] | Residential [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	$ 44	$ 47	$ 54	$ 61

Loans and ACL - Summary of Am_2

Loans and ACL - Summary of Amortized Cost of Loans Held for Investment by Internal Loan Grade by Year of Origination Quarterly (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 31,050	$ 196,370
2023	181,236	863,939
2022	806,745	357,834
2021	338,940	292,593
2020	276,967	105,787
Prior	388,570	334,975
Revolving Loans	234,935	278,619
Total	2,258,443	2,430,117
Current period gross charge-offs	15,312
Current period gross charge-offs 2024	434
Current period gross charge-offs 2023	225
Current period gross charge-offs 2022	13,964
Current period gross charge-offs 2021	329
Current period gross charge-offs 2020	144
Current period gross charge-offs prior	213
Current period gross charge-offs revolving	3
Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	8,467	42,393
2023	41,393	189,770
2022	130,955	51,209
2021	43,364	32,563
2020	27,873	9,579
Prior	22,766	16,250
Revolving Loans	126,771	167,180
Total	401,589	508,944
Current period gross charge-offs	13,939
Current period gross charge-offs 2023	47
Current period gross charge-offs 2022	13,345
Current period gross charge-offs 2021	302
Current period gross charge-offs 2020	124
Current period gross charge-offs prior	120
Current period gross charge-offs revolving	1
Construction, commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0	12,865
2023	9,980	96,805
2022	83,842	34,144
2021	17,720	14,983
2020	10,604	6,358
Prior	11,119	6,703
Revolving Loans	2,252	8,194
Total	135,517	180,052
Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	7,906	33,464
2023	18,034	26,611
2022	7,737	3,867
2021	9,758	226
2020	163	941
Prior	62	67
Revolving Loans	12,189	10,656
Total	55,849	75,832
Current period gross charge-offs	39
Current period gross charge-offs prior	39
Commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	7,409	17,835
2023	21,379	305,554
2022	332,098	138,497
2021	142,044	169,033
2020	165,348	55,258
Prior	186,253	159,817
Revolving Loans	24,567	24,546
Total	879,098	870,540
Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	934	63,056
2023	68,642	229,954
2022	239,349	124,995
2021	121,928	72,921
2020	70,915	30,942
Prior	164,514	149,575
Revolving Loans	60,964	58,667
Total	727,246	730,110
Current period gross charge-offs	44
Current period gross charge-offs prior	42
Current period gross charge-offs revolving	2
Farmland [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	150	147
2023	141	729
2022	1,002	1,397
2021	1,369
2020	0	1,520
Prior	2,888	1,562
Revolving Loans	167	115
Total	5,717	5,470
Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	6,184	26,610
2023	21,667	14,516
2022	11,762	3,725
2021	2,757	2,867
2020	2,064	1,189
Prior	968	1,001
Revolving Loans	8,025	9,261
Total	53,427	59,169
Current period gross charge-offs	1,290
Current period gross charge-offs 2024	434
Current period gross charge-offs 2023	178
Current period gross charge-offs 2022	619
Current period gross charge-offs 2021	27
Current period gross charge-offs 2020	20
Current period gross charge-offs prior	12
Risk Grades 1 - 4
Financing Receivable, Credit Quality Indicator [Line Items]
2024	26,357	148,222
2023	138,984	736,510
2022	659,037	317,608
2021	283,495	256,565
2020	246,652	88,076
Prior	338,992	278,644
Revolving Loans	201,740	237,830
Total	1,895,257	2,063,455
Risk Grades 1 - 4 | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	7,340	15,830
2023	14,180	114,291
2022	87,369	32,273
2021	18,050	25,429
2020	21,300	8,217
Prior	19,557	14,200
Revolving Loans	101,747	138,267
Total	269,543	348,507
Risk Grades 1 - 4 | Construction, commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		8,533
2023	8,765	85,687
2022	58,330	33,344
2021	16,190	14,690
2020	10,604	6,358
Prior	5,791	5,589
Revolving Loans	2,252	4,367
Total	101,932	158,568
Risk Grades 1 - 4 | Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	7,508	31,611
2023	17,128	22,734
2022	4,974	3,867
2021	9,758	59
2020		741
Prior	62	67
Revolving Loans	12,189	10,656
Total	51,619	69,735
Risk Grades 1 - 4 | Commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	4,255	14,671
2023	21,379	280,479
2022	268,057	121,257
2021	119,175	144,498
2020	145,317	42,226
Prior	159,935	123,774
Revolving Loans	20,358	20,332
Total	738,476	747,237
Risk Grades 1 - 4 | Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	934	51,042
2023	56,064	218,375
2022	227,986	121,872
2021	116,478	69,165
2020	67,486	27,877
Prior	149,912	132,986
Revolving Loans	57,409	55,327
Total	676,269	676,644
Risk Grades 1 - 4 | Farmland [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	150
2023		729
2022	1,002	1,397
2021	1,266
2020		1,520
Prior	2,888	1,562
Revolving Loans	167	115
Total	5,473	5,323
Risk Grades 1 - 4 | Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	6,170	26,535
2023	21,468	14,215
2022	11,319	3,598
2021	2,578	2,724
2020	1,945	1,137
Prior	847	466
Revolving Loans	7,618	8,766
Total	51,945	57,441
Risk Grades 5 - 6
Financing Receivable, Credit Quality Indicator [Line Items]
2024	4,465	47,325
2023	38,311	88,599
2022	141,210	23,246
2021	35,934	28,318
2020	24,501	16,070
Prior	35,032	37,767
Revolving Loans	31,005	31,513
Total	310,458	272,838
Risk Grades 5 - 6 | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	913	26,563
2023	23,961	40,399
2022	42,271	12,759
2021	16,008	6,305
2020	5,790	819
Prior	1,831	1,537
Revolving Loans	23,233	19,722
Total	114,007	108,104
Risk Grades 5 - 6 | Construction, commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		4,213
2023	1,098	11,072
2022	23,789	760
2021	1,498	293
Prior	4,968	738
Revolving Loans		3,827
Total	31,353	20,903
Risk Grades 5 - 6 | Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	398	1,486
2023	479	2,672
2022	2,608
2021		167
2020	163	200
Total	3,648	4,525
Risk Grades 5 - 6 | Commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	3,154	2,841
2023		25,075
2022	62,937	9,038
2021	13,818	19,597
2020	16,259	12,921
Prior	19,209	27,778
Revolving Loans	4,184	4,214
Total	119,561	101,464
Risk Grades 5 - 6 | Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		12,014
2023	12,578	9,339
2022	9,567	677
2021	4,496	1,944
2020	2,263	2,122
Prior	8,967	7,281
Revolving Loans	3,181	3,255
Total	41,052	36,632
Risk Grades 5 - 6 | Farmland [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		147
2023	141
2021	103
Total	244	147
Risk Grades 5 - 6 | Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		61
2023	54	42
2022	38	12
2021	11	12
2020	26	8
Prior	57	433
Revolving Loans	407	495
Total	593	1,063
Risk Grade 7
Financing Receivable, Credit Quality Indicator [Line Items]
2024	14	823
2023	3,941	4,627
2022	5,394	14,426
2021	16,969	7,710
2020	5,814	1,641
Prior	14,545	18,184
Revolving Loans	2,190	9,276
Total	48,867	56,687
Risk Grade 7 | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	3,252	877
2022	1,315	3,623
2021	6,764	829
2020	783	543
Prior	1,377	134
Revolving Loans	1,791	9,191
Total	15,282	15,197
Risk Grade 7 | Construction, commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		119
2023	117	46
2022	1,723	40
2021	32
Prior	360	376
Total	2,232	581
Risk Grade 7 | Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		367
2023	427	1,205
2022	155
Total	582	1,572
Risk Grade 7 | Commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		323
2022		8,202
2021	9,051	4,938
2020	3,772	111
Prior	7,109	8,265
Revolving Loans	25
Total	19,957	21,839
Risk Grade 7 | Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023		2,240
2022	1,796	2,446
2021	954	1,812
2020	1,166	943
Prior	5,635	9,307
Revolving Loans	374	85
Total	9,925	16,833
Risk Grade 7 | Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	14	14
2023	145	259
2022	405	115
2021	168	131
2020	93	44
Prior	64	102
Total	889	665
Risk Grade 8
Financing Receivable, Credit Quality Indicator [Line Items]
2024	214
2023		34,203
2022	1,104	2,554
2021	2,542
Prior	1	380
Total	3,861	37,137
Risk Grade 8 | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	214
2023		34,203
2022		2,554
2021	2,542
Prior	1	379
Total	2,757	37,136
Risk Grade 8 | Commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2022	1,104
Total	$ 1,104
Risk Grade 8 | Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Prior		1
Total		$ 1

Loans and ACL - Summary of Chan

Loans and ACL - Summary of Change in the ACL by Major Loan Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024		Jun. 30, 2023
Financing Receivable Impaired [Line Items]
Balance, beginning of period	$ 35,025	$ 35,961	$ 35,893	[1]	$ 30,740
Charge-offs	(12,610)	(9,020)	(15,312)		(10,329)
Recoveries	2,021	1,013	3,855		1,235
Net charge-offs	(10,589)	(8,007)	(11,457)		(9,094)
Provision for credit losses - loans	3,600	10,613	3,600		9,503
Balance, end of period	28,036	38,567	28,036		38,567
Commercial and Industrial [Member]
Financing Receivable Impaired [Line Items]
Balance, beginning of period	27,065	27,266	27,491		27,070
Charge-offs	(11,982)	(7,326)	(13,939)		(8,125)
Recoveries	1,829	887	3,360		1,005
Net charge-offs	(10,153)	(6,439)	(10,579)		(7,120)
Provision for credit losses - loans	3,472	9,037	3,472		6,988
Balance, end of period	20,384	29,864	20,384		29,864
Consumer [Member]
Financing Receivable Impaired [Line Items]
Balance, beginning of period	7,960	8,695	8,402		3,670
Charge-offs	(628)	(1,694)	(1,373)		(2,204)
Recoveries	192	126	495		230
Net charge-offs	(436)	(1,568)	(878)		(1,974)
Provision for credit losses - loans	128	1,576	128		2,515
Balance, end of period	$ 7,652	8,703	$ 7,652		8,703
Impact of ASC 326 Adoption [Member]
Financing Receivable Impaired [Line Items]
Balance, end of period		7,418			7,418
Impact of ASC 326 Adoption [Member] | Commercial and Industrial [Member]
Financing Receivable Impaired [Line Items]
Balance, end of period		2,926			2,926
Impact of ASC 326 Adoption [Member] | Consumer [Member]
Financing Receivable Impaired [Line Items]
Balance, end of period		$ 4,492			$ 4,492
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Loans and ACL - Summary of Am_3

Loans and ACL - Summary of Amortized Cost of Collateral Dependent Loans (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Amortized cost of collateral dependent loans	$ 67,241	$ 96,905
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Amortized cost of collateral dependent loans	43,721	67,555
Real Estate [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Amortized cost of collateral dependent loans	4,039	6,309
Real Estate [Member] | Construction, Residential [Member]
Loans and Leases Receivable Disclosure [Line Items]
Amortized cost of collateral dependent loans	0	2,303
Real Estate [Member] | Commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Amortized cost of collateral dependent loans	14,814	13,401
Real Estate [Member] | Residential [Member]
Loans and Leases Receivable Disclosure [Line Items]
Amortized cost of collateral dependent loans	$ 4,667	$ 7,337

Loans and ACL - Summary of Modi

Loans and ACL - Summary of Modified Loans (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) Loan
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 19,855
Recorded Investment of Modified Loans to Gross Loans by Category	0.88%
Modified term extension and forbearance financial effect	Forbearance agreements
Modified term payment deferral financial effect	Payment deferral 6-9 months
Total modified loan units | Loan	8
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 19,017
Commercial and Industrial [Member] | Term extension and Forbearance [Member]
Loans and Leases Receivable Disclosure [Line Items]
Modified term extension and forbearance loan units | Loan	4
Recorded Investment	$ 18,834
Recorded Investment of Modified Loans to Gross Loans by Category	4.69%
Commercial and Industrial [Member] | Payment Deferral [Member]
Loans and Leases Receivable Disclosure [Line Items]
Modified term extension and forbearance loan units | Loan	1
Recorded Investment	$ 183
Recorded Investment of Modified Loans to Gross Loans by Category	0.05%
Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 683
Residential [Member] | Term extension and Forbearance [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Modified term extension and forbearance loan units | Loan	1
Recorded Investment	$ 126
Recorded Investment of Modified Loans to Gross Loans by Category	0.02%
Residential [Member] | Payment Deferral [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Modified term extension and forbearance loan units | Loan	1
Recorded Investment	$ 557
Recorded Investment of Modified Loans to Gross Loans by Category	0.08%
Construction, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 155
Construction, Residential [Member] | Term extension and Forbearance [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Modified term extension and forbearance loan units | Loan	1
Recorded Investment	$ 155
Recorded Investment of Modified Loans to Gross Loans by Category	0.28%

Loans and ACL - Summary of Mo_2

Loans and ACL - Summary of Modified Loans (Parenthetical) (Detail) $ in Millions	Jun. 30, 2024 USD ($)
Nonperforming Finance Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Nonperforming specialty finance loan totaling Amount	$ 14.4

Loans and ACL - Additional Info

Loans and ACL - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) Loan	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Interest income from nonaccrual loans	$ 122	$ 0	$ 187	$ 89
Current period net charge-offs	12,610	9,020	15,312	10,329
Accrued interest excluded from ACL	12,500		12,500		$ 13,200
Loans pledged	2,258,443		2,258,443		2,430,117
Carrying value after charge off	14,400		14,400
Recorded investment of PCD Loans			49,000		51,000
Recorded investment, estimated allowance for credit loss			486		529
Recorded investment, PCD Discount (Premium)			3,200		3,800
Mortgage loans with amortized cost			$ 710
Number of residential mortgage loans in the process of foreclosure | Loan			5
Default on payments for loans modified			$ 0
Cash payments received			9,000
Loans Held For Sale [Member] | Commercial Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Current period net charge-offs	9,400
Commercial and Residential Mortgages [Member] | Asset Pledged as Collateral without Right [Member] | Federal Home Loan Bank Advances [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans pledged	829,200		829,200		767,100
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Current period net charge-offs	11,982	$ 7,326	13,939	$ 8,125
Loans pledged	401,589		401,589		508,944
Commercial and Industrial [Member] | Asset Pledged as Collateral without Right [Member] | Federal Reserve Bank Borrowings [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans pledged	$ 81,200		$ 81,200		$ 161,000

Loans and ACL - Summary of Perf

Loans and ACL - Summary of Performance of Loans Modified (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	$ 19,855
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	19,017
Residential [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	683
Residential Construction [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	155
Current Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	1,961
Current Loans [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	1,680
Current Loans [Member] | Residential [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	126
Current Loans [Member] | Residential Construction [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	155
30-59 Days Past Due [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0
30-59 Days Past Due [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0
30-59 Days Past Due [Member] | Residential [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0
30-59 Days Past Due [Member] | Residential Construction [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0
Greater than 90 Days Past Due & Accruing [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0
Greater than 90 Days Past Due & Accruing [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0
Greater than 90 Days Past Due & Accruing [Member] | Residential [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0
Greater than 90 Days Past Due & Accruing [Member] | Residential Construction [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0
Non Accrual [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	17,894
Non Accrual [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	17,337
Non Accrual [Member] | Residential [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	$ 557

Loans and ACL - Summary of Pe_2

Loans and ACL - Summary of Performance of Loans Modified (Parenthetical) (Detail) - Nonperforming Financial Instruments [Member] $ in Millions	Jun. 30, 2024 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Nonperforming specialty finance loan totaling Amount	$ 14.4
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Nonperforming specialty finance loan totaling Amount	$ 14.4

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Goodwill [Line Items]
Intangible amortization	$ 276	$ 335	$ 563	$ 690

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Federal home loan bank advance	$ 202,900,000		$ 202,900,000		$ 210,000,000	[1]
Federal home loan bank stock	11,900,000		11,900,000		12,300,000
Subordinated notes, net	39,822,000		39,822,000		39,855,000	[1]
Subordinated Notes [Member]
Debt Instrument [Line Items]
Subordinated notes, net	$ 39,800,000		$ 39,800,000		39,900,000
Subordinated Notes [Member] | 2030 Note [Member]
Debt Instrument [Line Items]
Subordinated debt instrument maturity date			Jun. 01, 2030
Effective interest rate	6.08%	6.10%	6.08%	6.10%
Unamortized debt issuance cost	$ 14,800,000		$ 14,800,000
Subordinated Notes [Member] | 2029 Notes [Member]
Debt Instrument [Line Items]
Subordinated debt instrument maturity date			Oct. 15, 2029
Debt instrument carrying amount	25,000,000		$ 25,000,000
Debt instrument, unamortized premium	$ 528,000		$ 528,000
Effective interest rate	5.08%	4.99%	5.15%	5.04%
Unsecured Lines of Credit [Member]
Debt Instrument [Line Items]
Maximum overnight line of credit facilities available	$ 10,000,000		$ 10,000,000		10,000,000
Federal Reserve Board Bank Term Funding Program [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	81,200,000		81,200,000		161,000,000
Advance from federal reserve bank	0		$ 0		0
Repayment of FRB borrowings	65,000,000
FHLB [Member]
Debt Instrument [Line Items]
Federal home loan bank advances, maximum borrowing capacity percentage on assets			30%
Line of creidt	711,000,000		$ 711,000,000		455,600,000
Federal home loan bank advance	202,900,000		202,900,000		210,000,000
FHLB [Member] | Public Deposits with Treasury Board of Virginia [Member]
Debt Instrument [Line Items]
Line of creidt	81,200,000		81,200,000		110,100,000
FHLB [Member] | Restricted Equity Investments [Member]
Debt Instrument [Line Items]
Federal home loan bank stock	11,900,000		11,900,000		12,300,000
FHLB [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Federal home loan bank advance	427,000,000		427,000,000		135,500,000
FHLB [Member] | Line of Credit [Member] | Public Deposits with Treasury Board of Virginia [Member]
Debt Instrument [Line Items]
Assets pledged with federal home loan bank against credit facilities	$ 80,000,000		$ 80,000,000		$ 110,000,000
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Borrowings - Schedule of Princi

Borrowings - Schedule of Principal on FHLB Borrowings Maturities (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Balance	$ 202,900	$ 210,000
Daily Rate Credit [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Balance	$ 52,900	$ 60,000
Originated Date	May 08, 2024	May 08, 2023
Stated Interest Rate	5.57%	5.57%
Maturity Date	May 08, 2025	May 08, 2024
Fixed Rate Credit One [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Balance	$ 50,000	$ 50,000
Originated Date	Mar. 15, 2023	Mar. 15, 2023
Stated Interest Rate	4.07%	4.07%
Maturity Date	Mar. 15, 2027	Mar. 15, 2027
Fixed Rate Credit Two [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Balance	$ 50,000	$ 50,000
Originated Date	May 02, 2023	May 02, 2023
Stated Interest Rate	3.87%	3.87%
Maturity Date	May 03, 2027	May 03, 2027
Fixed Rate Credit Three [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Balance	$ 50,000	$ 50,000
Originated Date	May 04, 2023	May 04, 2023
Stated Interest Rate	3.52%	3.52%
Maturity Date	May 04, 2028	May 04, 2028

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - shares	Jun. 30, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option outstanding , Shares	73,503,647	19,198,379

Leases - Additional Information

Leases - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2024
Leases [Abstract]
Operating lease, option to extend	Certain of these leases offer the option to extend the lease term and such extensions are included in the calculation of the lease liabilities to the extent the options are reasonably assured of being exercised.
Operating lease, existence of to extend	true

Leases - Summary of Company's L

Leases - Summary of Company's Leases (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Right-of-use asset	$ 8,208	$ 8,738	[1]
Lease liabilities	$ 8,947	$ 9,619	[1]
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
Weighted average remaining lease term (years)	7 years 1 month 6 days	7 years 1 month 20 days
Weighted average discount rate	3.41%	3.25%
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Leases - Summary of Lease Liabi

Leases - Summary of Lease Liabilities are Included within Other Liabilities (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Leases [Abstract]
Operating lease cost	$ 426	$ 526	$ 913	$ 1,241
Cash paid for amounts included in the measurement of lease liabilities	$ 411	$ 546	$ 867	$ 1,145

Leases - Summary of Operating L

Leases - Summary of Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	[1]
Leases [Abstract]
Six months ending December 31, 2024	$ 875
Twelve months ending December 31, 2025	1,703
Twelve months ending December 31, 2026	1,497
Twelve months ending December 31, 2027	1,312
Twelve months ending December 31, 2028	1,122
Thereafter	3,673
Total undiscounted cash flows	10,182
Discount	(1,235)
Lease liabilities	$ 8,947	$ 9,619
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Fair Value - Summary of Financi

Fair Value - Summary of Financial Assets Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	$ 307,427	$ 321,081	[1]
Total securities available for sale	307,427	321,081
U.S. Treasury and Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	68,895	68,871
State and Municipal [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	43,003	43,325
Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	32,416	31,915
Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	306,677	320,331
Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	750	750
Fair Value, Recurring [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total securities available for sale	307,427	321,081
Mortgage servicing rights assets	29,862	27,114
Rabbi trust assets	575	531
Mortgage derivative asset	295	335
Interest rate swap asset	103	71
Mortgage derivative liability		140
Interest rate swap liability	103	71
Fair Value, Recurring [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	163,113	176,970
Fair Value, Recurring [Member] | U.S. Treasury and Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	68,895	68,871
Fair Value, Recurring [Member] | State and Municipal [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	43,003	43,325
Fair Value, Recurring [Member] | Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	32,416	31,915
Fair Value, Recurring [Member] | Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Rabbi trust assets	575	531
Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total securities available for sale	306,677	320,331
Mortgage derivative asset	295	335
Interest rate swap asset	103	71
Mortgage derivative liability		140
Interest rate swap liability	103	71
Fair Value, Recurring [Member] | Level 2 [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	163,113	176,970
Fair Value, Recurring [Member] | Level 2 [Member] | U.S. Treasury and Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	68,895	68,871
Fair Value, Recurring [Member] | Level 2 [Member] | State and Municipal [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	43,003	43,325
Fair Value, Recurring [Member] | Level 2 [Member] | Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	31,666	31,165
Fair Value, Recurring [Member] | Level 3 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total securities available for sale	750	750
Mortgage servicing rights assets	29,862	27,114
Fair Value, Recurring [Member] | Level 3 [Member] | Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	$ 750	$ 750
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Fair Value - Summary of changes

Fair Value - Summary of changes in corporate bonds and mortgage backed securities using level 3 inputs (Details) - Level 3 [Member] - Fair Value, Recurring [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance as of December 31, 2023	$ 750
Transfers from Level 2 to Level 3	0
Balance as of June 30, 2024	750
Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance as of December 31, 2023	0
Transfers from Level 2 to Level 3	2,000
Sales or paydowns	(2,000)
Balance as of June 30, 2024	$ 0

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Servicing Assets At Fair Value [Line Items]
Impairment charge	$ 8,500	$ 8,500
Two Corporate Bond [Member] | Level 3 [Member]
Servicing Assets At Fair Value [Line Items]
Amortized cost basis		$ 750

Fair Value - Summary of Change

Fair Value - Summary of Change in Mortgage Servicing Right ("MSR") Assets (Detail) - MSR Assets [Member] $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Servicing Asset at Amortized Cost [Line Items]
Balance as of December 31, 2023	$ 27,114
Additions	9
Fair value adjustments	2,739
Balance as of June 30, 2024	$ 29,862

Fair Value - Summary of Assets

Fair Value - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Disclosure Of Other Real Estate Owned Measured At Fair Value On A Recurring And Nonrecurring Basis Table [Line Items]
Other equity investments	$ 4,354	$ 12,905	[1]
Loans held for sale	54,377	46,337	[1]
Level 2 [Member]
Disclosure Of Other Real Estate Owned Measured At Fair Value On A Recurring And Nonrecurring Basis Table [Line Items]
Other equity investments	1,348	12,905
Loans held for sale	39,990	46,337
Level 3 [Member]
Disclosure Of Other Real Estate Owned Measured At Fair Value On A Recurring And Nonrecurring Basis Table [Line Items]
Other equity investments	3,006
Loans held for sale	14,387
Fair Value, Nonrecurring [Member]
Disclosure Of Other Real Estate Owned Measured At Fair Value On A Recurring And Nonrecurring Basis Table [Line Items]
Other equity investments	4,354	12,905
Collateral dependent loans	20,061	56,068
Loans held for sale	54,377	46,337
Fair Value, Nonrecurring [Member] | Level 2 [Member]
Disclosure Of Other Real Estate Owned Measured At Fair Value On A Recurring And Nonrecurring Basis Table [Line Items]
Other equity investments	1,348	12,905
Loans held for sale	39,990	46,337
Fair Value, Nonrecurring [Member] | Level 3 [Member]
Disclosure Of Other Real Estate Owned Measured At Fair Value On A Recurring And Nonrecurring Basis Table [Line Items]
Other equity investments	3,006
Collateral dependent loans	20,061	$ 56,068
Loans held for sale	$ 14,387
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Fair Value - Summary of Quantit

Fair Value - Summary of Quantitative Information about Level 3 Fair Value Measurements of Assets Measured on a Nonrecurring Basis (Detail) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Selling Costs [Member] | Appraised Value Technique Member]
Disclosure Of Other Real Estate Owned Measured On Nonrecurring Vasis Valuation Techniques [Line Items]
Collateral dependent loans	$ 20,061	$ 56,068
Valuation Technique	Discounted appraised value technique	Discounted appraised value technique
Unobservable input	Selling Costs	Selling Costs
Selling Costs [Member] | Sales Price Technique [Member]
Disclosure Of Other Real Estate Owned Measured On Nonrecurring Vasis Valuation Techniques [Line Items]
Loans held for sale	$ 14,387
Valuation Technique	Discounted sales price technique
Unobservable Input	Selling Costs
Range	15%
Selling Costs [Member] | Maximum [Member] | Appraised Value Technique Member]
Disclosure Of Other Real Estate Owned Measured On Nonrecurring Vasis Valuation Techniques [Line Items]
Range	15%	15%
Selling Costs [Member] | Minimum [Member] | Appraised Value Technique Member]
Disclosure Of Other Real Estate Owned Measured On Nonrecurring Vasis Valuation Techniques [Line Items]
Range	7%	7%
Discount Rate [Member] | Probability weighted expected return technique
Disclosure Of Other Real Estate Owned Measured On Nonrecurring Vasis Valuation Techniques [Line Items]
Other equity investments	$ 3,006
Valuation technique	Probability weighted expected return technique
Unobservable input	Discount Rate
Range	20%
Discount Rate [Member] | Sales Price Technique [Member]
Disclosure Of Other Real Estate Owned Measured On Nonrecurring Vasis Valuation Techniques [Line Items]
Unobservable Input	Discount Rate
Range	26%

Fair Value - Summary of Estimat

Fair Value - Summary of Estimated Fair Values and Related Carrying Amounts and Valuation Level of Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial Assets
Cash and due from banks	$ 124,607	$ 110,491	[1]
Securities available for sale	307,427	321,081	[1]
Restricted equity investments	18,236	18,621	[1]
Other equity investments	4,354	12,905	[1]
Other investments	21,099	29,467	[1]
Loans held for sale	54,377	46,337	[1]
Financial Liabilities
Noninterest-bearing demand	470,128	506,248	[1]
Savings	106,619	117,923	[1]
Time	979,222	892,325	[1]
FHLB borrowings	202,900	210,000	[1]
Subordinated notes, net	39,822	39,855	[1]
Carrying Value [Member]
Financial Assets
Cash and due from banks	124,607	110,491
Restricted cash	5,924	10,660
Federal funds sold	5,219	4,451
Securities available for sale	307,427	321,081
Restricted equity investments	18,236	18,621
Other equity investments	4,354	12,905
Other investments	21,099	29,467
Loans held for sale	54,377	46,337
Loans held for investment, net	2,231,243	2,395,054
Accrued interest receivable	14,172	14,967
Bank owned life insurance	42,446	48,453
MSR assets	29,862	27,114
Financial Liabilities
Noninterest-bearing demand	470,128	506,248
Interest-bearing demand and money market	769,870	1,049,536
Savings	106,619	117,923
Time	979,222	892,325
FHLB borrowings	202,900	210,000
FRB borrowings		65,000
Subordinated notes, net	39,822	39,855
Fair Value [Member]
Financial Assets
Cash and due from banks	124,607	110,491
Restricted cash	5,924	10,660
Federal funds sold	5,219	4,451
Securities available for sale	307,427	321,081
Restricted equity investments	18,236	18,621
Other equity investments	4,354	12,905
Other investments	21,099	29,467
Loans held for sale	54,377	46,337
Loans held for investment, net	2,139,734	2,316,113
Accrued interest receivable	14,172	14,967
Bank owned life insurance	42,446	48,453
MSR assets	29,862	27,114
Financial Liabilities
Noninterest-bearing demand	470,128	506,248
Interest-bearing demand and money market	769,870	1,049,536
Savings	106,619	117,923
Time	974,348	892,439
FHLB borrowings	207,099	211,799
FRB borrowings		65,000
Subordinated notes, net	38,254	37,803
Level 1 [Member]
Financial Assets
Cash and due from banks	124,607	110,491
Restricted cash	5,924	10,660
Federal funds sold	5,219	4,451
Financial Liabilities
Noninterest-bearing demand	470,128	506,248
Level 2 [Member]
Financial Assets
Securities available for sale	306,677	320,331
Restricted equity investments	18,236	18,621
Other equity investments	1,348	12,905
Loans held for sale	39,990	46,337
Accrued interest receivable	14,172	14,967
Bank owned life insurance	42,446	48,453
Financial Liabilities
Interest-bearing demand and money market	769,870	1,049,536
Savings	106,619	117,923
FHLB borrowings	207,099	211,799
FRB borrowings		65,000
Level 3 [Member]
Financial Assets
Securities available for sale	750	750
Restricted equity investments	0
Other equity investments	3,006
Other investments	21,099	29,467
Loans held for sale	14,387
Loans held for investment, net	2,139,734	2,316,113
Accrued interest receivable	0
Bank owned life insurance	0
MSR assets	29,862	27,114
Financial Liabilities
Time	974,348	892,439
Subordinated notes, net	$ 38,254	$ 37,803
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Minimum Regulatory Capital Re_3

Minimum Regulatory Capital Requirements - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Jun. 30, 2024	Dec. 31, 2023
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Leverage ratio			0.10
Capital ratio			0.13
Banking regulation capital transitional amount			$ 8.1
Banking regulation capital transitional amount substracted			$ 4.1	$ 2
CECL Adjustment to Regulatory Capital [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Adjustment to regulatory capital				25%
CECL Adjustment to Regulatory Capital [Member] | Forecast [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Adjustment to regulatory capital	25%	50%
Common Equity Tier 1 Capital [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital conservation buffer			2.50%

Minimum Regulatory Capital Re_4

Minimum Regulatory Capital Requirements - Summary of Capital Requirements Administered by Banking Agencies Capital Ratios (Detail) - Blue Ridge Bank, N.A [Member] $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total risk based capital, Actual Amount	$ 367,696	$ 270,293
Total risk based capital, Actual Ratio	0.1518	0.1025
Total risk based capital, For Capital Adequacy Purposes Amount	$ 254,335	$ 276,842
Total risk based capital, For Capital Adequacy Purposes Ratio	0.105	0.105
Total risk based capital, To Be Well Capitalized Under the Prompt Corrective Action Provisions Amount	$ 242,224	$ 263,659
Total risk based capital, To Be Well Capitalized Under the Prompt Corrective Action Provisions Ratio	0.10	0.10
Capital Required for Individual Minimum Capital Ratio	$ 314,891	$ 342,757
Capital Required Minimum Capital Ratio To Risk Weighted Assets	13%	13%
Tier 1 capital to risk-weighted assets, Actual Amount	$ 343,744	$ 239,775
Tier 1 capital to risk-weighted assets, Actual Ratio	0.1419	0.0909
Tier 1 capital to risk-weighted assets, For Capital Adequacy Purposes Amount	$ 205,907	$ 224,111
Tier 1 capital to risk-weighted assets, For Capital Adequacy Purposes Ratio	0.085	0.085
Tier 1 capital to risk-weighted assets, To Be Well Capitalized Under the Prompt Corrective Action Provisions Amount	$ 193,795	$ 210,928
Tier 1 capital to risk-weighted assets, To Be Well Capitalized Under the Prompt Corrective Action Provisions Ratio	0.08	0.08
Common equity tier 1 capital, Actual Amount	$ 343,744	$ 239,775
Common equity tier 1 capital, Actual Ratio	14.19%	9.09%
Common equity tier 1 capital, For Capital Adequacy Purposes Amount	$ 169,571	$ 184,562
Common equity tier 1 capital, For Capital Adequacy Purposes Ratio	7%	7%
Common equity tier 1 capital, To Be Well Capitalized Under the Prompt Corrective Action Provisions Amount	$ 157,458	$ 171,379
Common equity tier 1 capital, To Be Well Capitalized Under the Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 leverage, Actual Amount	$ 343,744	$ 239,775
Tier 1 leverage, Actual Ratio	0.1102	0.0749
Tier 1 leverage, For Capital Adequacy Purposes Amount	$ 124,771	$ 128,001
Tier 1 leverage, For Capital Adequacy Purposes Ratio	0.04	0.04
Tier 1 leverage, To Be Well Capitalized Under the Prompt Corrective Action Provisions Amount	$ 155,964	$ 160,001
Tier 1 leverage, To Be Well Capitalized Under the Prompt Corrective Action Provisions Ratio	0.05	0.05
Tier 1 leverage, Individual Minimum Capital Ratio Amount	$ 311,927	$ 320,003
Tier 1 leverage, Individual Minimum Capital Ratio	10%	10%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Outstanding loan commitments	$ 386,600	$ 386,600	$ 480,800
Cancellable amounts	107,700	107,700	113,500
Outstanding stand-by letters of credit	13,100	13,100	12,600
Credit losses for unfunded commitments	500	1,500
Future commitments outstanding related to investments	8,100	8,100
Other Liabilities [Member]
Other Commitments [Line Items]
Reserves for unfunded commitments to borrowers	$ 1,600	$ 1,600	$ 3,100

Earning Per Share - Summary of

Earning Per Share - Summary of Computation of Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Net loss	$ (11,435)	$ (8,613)	$ (14,328)	$ (4,643)
Less preferred stock dividends	150	0	150	0
Net loss attributable to common shareholders	$ (11,585)	$ (8,613)	$ (14,478)	$ (4,643)
Weighted average common shares outstanding, basic	24,477,007	18,850,625	21,827,669	18,853,553
Effect of dilutive securities	0	0	0	0
Weighted average common shares outstanding, dilutive	24,477,007	18,850,625	21,827,669	18,853,553
Basic (loss) earnings per share	$ (0.47)	$ (0.45)	$ (0.66)	$ (0.25)
Diluted (loss) earnings per share	$ (0.47)	$ (0.45)	$ (0.66)	$ (0.25)

Business Segments - Additional

Business Segments - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2024 Segment
Segment Reporting [Abstract]
Number of reportable business segments	3

Business Segments - Summary of

Business Segments - Summary of Segment Reporting Information by Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	[1]
NET INTEREST INCOME
Interest income	$ 40,631	$ 42,460	$ 83,162	$ 83,350
Interest expense	20,546	18,570	42,728	34,264
Net interest income	20,085	23,890	40,434	49,086
Provision for credit losses	3,100	10,013	2,100	8,503
Net interest income after provision for credit losses	16,985	13,877	38,334	40,583
NONINTEREST INCOME
Fair value adjustments of other equity investments	(8,537)	(281)	(8,544)	(332)
Residential mortgage banking income	3,090	3,145	5,754	6,344
Mortgage servicing rights	2,019	1,150	2,748	(746)
Gain on sale of guaranteed government loans	11	2,384	121	4,793
Other income	3,725	3,338	8,054	6,960
Total noninterest income	308	9,736	8,133	17,019
NONINTEREST EXPENSE
Salaries and employee benefits	14,932	14,518	30,977	29,807
Regulatory remediation	1,397	2,388	4,041	3,522
Other expenses	13,015	17,146	26,800	29,570
Total noninterest expense	29,344	34,052	61,818	62,899
Loss before income tax expense	(12,051)	(10,439)	(15,351)	(5,297)
Income tax (benefit) expense	(616)	(1,826)	(1,023)	(654)
Net loss	(11,435)	(8,613)	(14,328)	(4,643)
Total assets	2,933,072	3,214,424	2,933,072	3,214,424	$ 3,117,554
Commercial Banking [Member]
NET INTEREST INCOME
Interest income	40,179	42,040	82,378	82,619
Interest expense	19,775	17,853	41,251	32,855
Net interest income	20,404	24,187	41,127	49,764
Provision for credit losses	3,100	10,013	2,100	8,503
Net interest income after provision for credit losses	17,304	14,174	39,027	41,261
NONINTEREST INCOME
Fair value adjustments of other equity investments	0	0	0	0
Residential mortgage banking income	0	0	0	0
Mortgage servicing rights	0	0	0	0
Gain on sale of guaranteed government loans	11	2,384	121	4,793
Other income	3,818	3,438	8,229	7,151
Total noninterest income	3,829	5,822	8,350	11,944
NONINTEREST EXPENSE
Salaries and employee benefits	13,582	12,233	27,750	24,861
Regulatory remediation	1,397	2,388	4,041	3,522
Other expenses	11,733	13,529	24,136	23,605
Total noninterest expense	26,712	28,150	55,927	51,988
Loss before income tax expense	(5,579)	(8,154)	(8,550)	1,217
Income tax (benefit) expense	758	(1,199)	437	882
Net loss	(6,337)	(6,955)	(8,987)	335
Total assets	2,883,732	3,141,817	2,883,732	3,141,817
Mortgage Banking [Member]
NET INTEREST INCOME
Interest income	452	415	784	720
Interest expense	219	170	365	309
Net interest income	233	245	419	411
Provision for credit losses	0	0	0	0
Net interest income after provision for credit losses	233	245	419	411
NONINTEREST INCOME
Fair value adjustments of other equity investments	0	0	0	0
Residential mortgage banking income	3,090	3,145	5,754	6,344
Mortgage servicing rights	2,019	1,150	2,748	(746)
Gain on sale of guaranteed government loans	0	0	0	0
Other income	0	0	0	0
Total noninterest income	5,109	4,295	8,502	5,598
NONINTEREST EXPENSE
Salaries and employee benefits	1,339	2,285	3,183	4,946
Regulatory remediation	0	0	0	0
Other expenses	1,182	1,392	2,394	2,877
Total noninterest expense	2,521	3,677	5,577	7,823
Loss before income tax expense	2,821	863	3,344	(1,814)
Income tax (benefit) expense	575	34	661	(549)
Net loss	2,246	829	2,683	(1,265)
Total assets	41,433	41,124	41,433	41,124
Parents Only [Member]
NET INTEREST INCOME
Interest income	0	5	0	11
Interest expense	552	547	1,112	1,100
Net interest income	(552)	(542)	(1,112)	(1,089)
Provision for credit losses	0	0	0	0
Net interest income after provision for credit losses	(552)	(542)	(1,112)	(1,089)
NONINTEREST INCOME
Fair value adjustments of other equity investments	(8,537)	(281)	(8,544)	(332)
Residential mortgage banking income	0	0	0	0
Mortgage servicing rights	0	0	0	0
Gain on sale of guaranteed government loans	0	0	0	0
Other income	0	(1)	17	7
Total noninterest income	(8,537)	(282)	(8,527)	(325)
NONINTEREST EXPENSE
Salaries and employee benefits	11	0	44	0
Regulatory remediation	0	0	0	0
Other expenses	193	2,324	462	3,286
Total noninterest expense	204	2,324	506	3,286
Loss before income tax expense	(9,293)	(3,148)	(10,145)	(4,700)
Income tax (benefit) expense	(1,949)	(661)	(2,121)	(987)
Net loss	(7,344)	(2,487)	(8,024)	(3,713)
Total assets	372,515	273,280	372,515	273,280
Eliminations [Member]
NET INTEREST INCOME
Interest income	0	0	0	0
Interest expense	0	0	0	0
Net interest income	0	0	0	0
Provision for credit losses	0	0	0	0
Net interest income after provision for credit losses	0	0	0	0
NONINTEREST INCOME
Fair value adjustments of other equity investments	0	0	0	0
Residential mortgage banking income	0	0	0	0
Mortgage servicing rights	0	0	0	0
Gain on sale of guaranteed government loans	0	0	0	0
Other income	(93)	(99)	(192)	(198)
Total noninterest income	(93)	(99)	(192)	(198)
NONINTEREST EXPENSE
Salaries and employee benefits	0	0	0	0
Regulatory remediation	0	0	0	0
Other expenses	(93)	(99)	(192)	(198)
Total noninterest expense	(93)	(99)	(192)	(198)
Loss before income tax expense	0	0	0	0
Income tax (benefit) expense	0	0	0	0
Net loss	0	0	0	0
Total assets	$ (364,608)	$ (241,797)	$ (364,608)	$ (241,797)
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Changes to Accumulated Other _3

Changes to Accumulated Other Comprehensive Income (Loss), net - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024		Jun. 30, 2023
Beginning Balance	$ 180,906	$ 246,735	$ 185,989	[1]	$ 248,793
Change in net unrealized holding gains (losses) on securities available for sale, net of deferred tax expense (benefit)	3,131	(5,023)	573		(1,157)
Ending Balance	325,614	231,271	325,614		231,271
Net Unrealized (Losses) Gains on Available for Sale Securities [Member]
Beginning Balance	(48,039)	(41,659)	(45,481)		(45,525)
Change in net unrealized holding gains (losses) on securities available for sale, net of deferred tax expense (benefit)	3,079	(5,023)	521		(1,157)
Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit	52		52
Ending Balance	(44,908)	(46,682)	(44,908)		(46,682)
Transfer of Securities Held to Maturity to Available For Sale [Member]
Beginning Balance	425	425	425		425
Change in net unrealized holding gains (losses) on securities available for sale, net of deferred tax expense (benefit)	0	0	0		0
Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit	0		0
Ending Balance	425	425	425		425
Pension and Post-retirement Benefit Plans[Member]
Beginning Balance	0	(1)	0		(1)
Change in net unrealized holding gains (losses) on securities available for sale, net of deferred tax expense (benefit)	0	0	0		0
Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit	0		0
Ending Balance	0	(1)	0		(1)
Accumulated Other Comprehensive (Gain) Loss, net
Beginning Balance	(47,614)	(41,235)	(45,056)		(45,101)
Change in net unrealized holding gains (losses) on securities available for sale, net of deferred tax expense (benefit)	3,079	(5,023)	521		(1,157)
Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit	52		52
Ending Balance	$ (44,483)	$ (46,258)	$ (44,483)		$ (46,258)
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Changes to Accumulated Other _4

Changes to Accumulated Other Comprehensive Income (Loss), net - Components of Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Change in net unrealized holding (losses) gains on securities available-for-sale, net of deferred tax expense (benefit)	$ (862)	$ 1,446	$ (491)	$ 333
Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit	$ 15		$ 15

Legal Matters - Additional Info

Legal Matters - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2023	Sep. 30, 2023
Loss Contingencies [Line Items]
settlement payment	$ 6,000
Settlement amount due	$ 5,950
Litigation settlement amount accrued		$ 6,000

Subsequent Events (Additional I

Subsequent Events (Additional Information) (Details) - USD ($) $ in Thousands			3 Months Ended	6 Months Ended
	Jul. 15, 2024	Jul. 01, 2024	Dec. 31, 2023	Jun. 30, 2024
Subsequent Event [Line Items]
Settlement amount due			$ 5,950
Cash payments received				$ 9,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Settlement amount due	$ 5,950
Subsequent Event, Date		Jun. 30, 2024
Cash payments received		$ 1,300