Blue Ridge Bankshares (BRBS) 10-Q 6 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 30, 2024
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
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	888
Local Phone Number	331-6521
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		73,516,146
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
ASSETS
Cash and due from banks	$ 281,698	$ 110,491	[1]
Restricted cash	4,160	10,660	[1]
Federal funds sold	2,910	4,451	[1]
Securities available for sale, at fair value	314,784	321,081	[1]
Restricted equity investments	20,891	18,621	[1]
Other equity investments	4,525	12,905	[1]
Other investments	21,344	29,467	[1]
Loans held for sale	22,082	46,337	[1]
Loans held for investment, net of deferred fees and costs	2,180,413	2,430,947	[1]
Less: allowance for credit losses	(25,453)	(35,893)	[1]
Loans held for investment, net	2,154,960	2,395,054	[1]
Accrued interest receivable	13,171	14,967	[1]
Premises and equipment, net	21,621	22,348	[1]
Right-of-use lease asset	7,764	8,738	[1]
Bank owned life insurance	14,953	48,453	[1]
Other intangible assets	4,201	5,382	[1]
Mortgage servicing rights, net	19,502	27,114	[1]
Deferred tax asset, net	18,248	21,556	[1]
Other assets	17,877	19,929	[1]
Total assets	2,944,691	3,117,554	[1]
Deposits:
Noninterest-bearing demand	459,793	506,248	[1]
Interest-bearing demand and money market	748,416	1,049,536	[1]
Savings	103,820	117,923	[1]
Time	1,034,463	892,325	[1]
Total deposits	2,346,492	2,566,032	[1]
FHLB borrowings	190,000	210,000	[1]
FRB borrowings	0	65,000	[1]
Subordinated notes, net	39,806	39,855	[1]
Lease liabilities	8,537	9,619	[1]
Other liabilities	23,509	41,059	[1]
Total liabilities	2,608,344	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 September 30, 2024 and December 31, 2023, respectively; 73,474,147 and 19,198,379 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	300,763	197,636	[1]
Preferred stock, $50 per share par value; 250,000 shares authorized at September 30, 2024 and December 31, 2023; 2,732 Series C shares and 0 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively	137	0	[1]
Additional paid-in capital	50,155	252	[1]
Retained earnings	19,775	33,157	[1]
Accumulated other comprehensive loss, net of tax	(34,483)	(45,056)	[1]
Total stockholders’ equity	336,347	185,989	[1]
Total liabilities and stockholders’ equity	$ 2,944,691	$ 3,117,554	[1]
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 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	73,474,147	19,198,379
Stock option outstanding , Shares	73,474,147	19,198,379
Preferred stock, par value	$ 50	$ 50
Preferred stock, shares authorized	250,000	250,000
Preferred Stock, shares issued		0
Preferred stock, shares outstanding		0
Series C Preferred Stock [Member]
Preferred Stock, shares issued	2,732
Preferred stock, shares outstanding	2,732

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
INTEREST INCOME
Interest and fees on loans	$ 34,747	$ 38,551	$ 109,289	$ 114,009
Interest on securities, deposit accounts, and federal funds sold	4,478	3,934	13,098	11,826
Total interest income	39,225	42,485	122,387	125,835
INTEREST EXPENSE
Interest on deposits	16,984	16,115	52,741	42,070
Interest on subordinated notes	566	566	1,677	1,666
Interest on FHLB and FRB borrowings	2,574	3,612	8,433	10,821
Total interest expense	20,124	20,293	62,851	54,557
Net interest income	19,101	22,192	59,536	71,278
(Recovery of) provision for credit losses - loans	(6,000)	11,600	(2,400)	21,103
Recovery of credit losses - unfunded commitments	(200)	(550)	(1,700)	(1,550)
Total (recovery of) provision for credit losses	(6,200)	11,050	(4,100)	19,553
Net interest income after provision for credit losses	25,301	11,142	63,636	51,725
NONINTEREST INCOME
Fair value adjustments of other equity investments	160	55	(8,384)	(277)
Residential mortgage banking income	2,939	2,917	8,693	9,261
Mortgage servicing rights	(2,915)	894	(166)	148
Loss on sale of mortgage servicing rights	(1,011)	0	(1,011)	0
Gain on sale of guaranteed government loans	10	6	131	4,799
Wealth and trust management	730	462	1,873	1,356
Service charges on deposit accounts	417	365	1,238	1,057
Increase in cash surrender value of bank owned life insurance	127	311	797	885
Bank and purchase card, net	690	357	1,444	1,257
Loss on sale of securities available for sale	0	(649)	(67)	(649)
Other	1,592	2,697	6,324	6,597
Total noninterest income	2,739	7,415	10,872	24,434
NONINTEREST EXPENSE
Salaries and employee benefits	13,938	14,640	44,918	44,447
Occupancy and equipment	1,394	1,475	4,221	4,957
Technology and communications	2,767	2,891	7,378	7,670
Legal and regulatory filings	614	912	1,424	4,899
Advertising and marketing	222	350	701	973
Audit fees	498	791	1,948	1,440
FDIC insurance	1,130	1,322	4,324	3,297
Intangible amortization	265	308	828	998
Other contractual services	1,374	1,492	4,851	5,649
Other taxes and assessments	759	802	2,290	2,407
Regulatory remediation	357	3,782	4,398	7,304
Goodwill impairment	0	26,826	0	26,826
ESOP litigation	0	6,000	0	6,000
Other	3,177	3,030	11,033	10,653
Total noninterest expense	26,495	64,621	88,314	127,520
Income (loss) before income tax expense	1,545	(46,064)	(13,806)	(51,361)
Income tax expense (benefit)	599	(4,693)	(424)	(5,347)
Net income (loss)	$ 946	$ (41,371)	$ (13,382)	$ (46,014)
Basic earnings (loss) per common share	$ 0.01	$ (2.18)	$ (0.34)	$ (2.43)
Diluted earnings (loss) per common share	$ 0.01	$ (2.18)	$ (0.34)	$ (2.43)

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 946	$ (41,371)	$ (13,382)	$ (46,014)
Other comprehensive income (loss):
Gross unrealized gains (losses) on securities available for sale arising during the period	12,803	(10,331)	13,814	(11,821)
Deferred income tax (expense) benefit	(2,803)	2,309	(3,293)	2,642
Reclassification of net losses on sale and calls of securities available for sale	0	649	67	649
Deferred income tax benefit on realized losses on securities available for sale	0	(145)	(15)	(145)
Unrealized gains (losses) on securities available for sale arising during the period, net of tax	10,000	(7,518)	10,573	(8,675)
Other comprehensive gain (loss), net of tax	10,000	(7,518)	10,573	(8,675)
Comprehensive net income (loss)	$ 10,946	$ (48,889)	$ (2,809)	$ (54,689)

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]	Common Stock [Member]	Common Stock [Member] Private Placement [Member]	Preferred Stock [Member]	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 income (loss)	(46,014)										(46,014)
Other comprehensive income (loss)	(8,675)												(8,675)
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	1,382				$ 1,382
Restricted stock awards, net of forfeitures, Shares					230,955
Dividend reinvestment plan issuances	77				$ 77
Dividend reinvestment plan issuances, shares					7,437
Ending Balance at Sep. 30, 2023	182,837		$ (8,111)		$ 197,445				252		38,916	$ (8,111)	(53,776)
Ending Balance, Shares at Sep. 30, 2023					19,192,471
Beginning Balance at Jun. 30, 2023	231,271				$ 196,990				252		80,287		(46,258)
Beginning Balance, Shares at Jun. 30, 2023					18,933,637
Net income (loss)	(41,371)										(41,371)
Other comprehensive income (loss)	(7,518)												(7,518)
Restricted stock awards, net of forfeitures	446				$ 446
Restricted stock awards, net of forfeitures, Shares					257,797
Dividend reinvestment plan issuances	9				$ 9
Dividend reinvestment plan issuances, shares					1,037
Ending Balance at Sep. 30, 2023	182,837		$ (8,111)		$ 197,445				252		38,916	$ (8,111)	(53,776)
Ending Balance, Shares at Sep. 30, 2023					19,192,471
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 income (loss)	(13,382)										(13,382)
Other comprehensive income (loss)	10,573												10,573
Issuance of stock and warrants from Private Placements, net of issuance costs				$ 152,148		$ 102,108		$ 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	1,019				$ 1,019
Restricted stock awards, net of forfeitures, Shares					353,768
Ending Balance at Sep. 30, 2024	336,347				$ 300,763		$ 137		50,155		19,775		(34,483)
Ending Balance, Shares at Sep. 30, 2024					73,474,147		2,732
Beginning Balance at Jun. 30, 2024	325,614				$ 300,976		$ 137		50,155		18,829		(44,483)
Beginning Balance, Shares at Jun. 30, 2024					73,503,647		2,732
Net income (loss)	946										946
Other comprehensive income (loss)	10,000												10,000
Issuance of stock and warrants from Private Placements, net of issuance costs				$ (326)		$ (326)
Restricted stock awards, net of forfeitures	113				$ 113
Restricted stock awards, net of forfeitures, Shares					(29,500)
Ending Balance at Sep. 30, 2024	$ 336,347				$ 300,763		$ 137		$ 50,155		$ 19,775		$ (34,483)
Ending Balance, Shares at Sep. 30, 2024					73,474,147		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	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash Flows From Operating Activities
Net loss	$ (13,382)	$ (46,014)
Adjustments to reconcile net loss to net cash provided by operating activities:
Goodwill impairment	0	26,826
Depreciation and amortization	1,171	1,290
Deferred income tax expense	3,308	163
(Recovery of) provision for credit losses - loans	(2,400)	21,103
Recovery of credit losses - unfunded commitments	(1,700)	(1,550)
Accretion of fair value adjustments (discounts) on acquired loans	(915)	(1,785)
Accretion of fair value adjustments (premiums) on acquired time deposits	(248)	(666)
Accretion of fair value adjustments (premiums) on acquired subordinated notes	(75)	(75)
Proceeds from sale of other loans held for sale	25,250	0
Proceeds from sale of mortgage loans held for sale	183,868	186,460
Mortgage loans held for sale, originated	(177,632)	(189,340)
Gain on sale of mortgage loans	(1,469)	(1,523)
Proceeds from sale of guaranteed government loans held for sale	1,626	69,455
Guaranteed government loans held for sale, originated	(293)	(35,027)
Gain on sale of guaranteed government loans	(131)	(4,799)
Loss on disposal of premises and equipment	6	14
(Gain) loss on sale of other investments and other assets	(258)	321
Realized loss on sale of securities available for sale	67	649
Loss on sale of MSRs	1,011	0
Investment amortization expense, net	409	510
Amortization of subordinated debt issuance costs	26	26
Intangible amortization	828	998
Fair value adjustments of other equity investments	8,384	277
Net adjustments attributable to mortgage servicing rights	166	(148)
Increase in cash surrender value of bank owned life insurance	(797)	(885)
Decrease (increase) in accrued interest receivable	1,796	(4,818)
Decrease (increase) in other assets	115	(20,784)
(Decrease) increase in other liabilities	(16,932)	22,910
Cash provided by operating activities	11,799	23,588
Cash Flows From Investing Activities
Net decrease (increase) in loans held for investment	236,445	(66,847)
Net decrease (increase) in federal funds sold	1,541	(1,158)
Proceeds from calls, sales, paydowns, and maturities of securities available for sale	19,770	28,774
Proceeds from sale of other investments, other assets, and other real estate owned	11,680	1,561
Proceeds from surrender of bank owned life insurance policies	34,297	0
Net change in restricted equity and other investments	(2,832)	4,413
Purchase of premises and equipment	(454)	(713)
Proceeds from sale of premises and equipment and other assets	4	1,005
Proceeds from sale of MSRs	6,568	0
Proceeds from sale of LenderSelect Mortgage Group	0	250
Capital calls of SBIC funds and other investments	(2,684)	(3,816)
Nonincome distributions from SBIC funds and other investments	717	1,221
Cash provided by (used in) investing activities	305,052	(35,310)
Cash Flows From Financing Activities:
Net decrease in demand, savings, and other interest-bearing deposits	(361,678)	(62,655)
Net increase in time deposits	142,386	336,965
Common stock dividends paid	0	(4,641)
FHLB advances	726,000	1,500,000
FHLB repayments	(746,000)	(1,661,700)
FRB advances	0	65,000
FRB repayments	(65,000)	(51)
Proceeds from Private Placements, net of issuance costs	152,148	0
Stock option exercises	0	26
Dividend reinvestment plan issuances	0	77
Cash (used in) provided by financing activities	(152,144)	173,021
Net increase in cash and due from banks	164,707	161,299
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	285,858	238,573
Supplemental Schedule of Cash Flow Information
Interest	64,704	48,974
Income taxes	0	6,656
Non-cash investing and financing activities:
Unrealized gains (losses) on securities available for sale	13,814	(11,821)
Restricted stock awards, net of forfeitures	1,019	1,382
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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 946	$ (41,371)	$ (13,382)	$ (46,014)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 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	9 Months Ended
	Sep. 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. Following the restatements, the Company has partially recovered—and, in some cases, fully recovered—amounts from certain specialty finance loans previously charged off. See Note 3 of this Form 10-Q for additional information. The Company does not believe that the restatements reflect any significant financial impact on the Company's financial condition as of September 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 for the nine-month period ended September 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 various proposals, thus approving 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”) 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 September 30, 2024. On July 11, 2024, the holder of the Series C Preferred Stock received the required 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 fourth quarter of 2024. Capital proceeds received, net of issuance costs, from the Private Placements totaled $ 152.1 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 Series B Preferred Stock converted to warrants for common stock, and the warrants for Series C Preferred Stock remain outstanding pending exchange of 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. As of September 30, 2024, there were warrants outstanding to purchase 26,195,999 common shares. Of these, warrants to purchase 21,635,999 common shares have an exercise price of $ 2.50 per share, and warrants to purchase 4,560,000 common shares have an exercise price of $ 2.39 per share. The warrants have 5-year terms and expire April 3, 2029 . 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. As of September 30, 2024 and 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 as of and for the nine months ended September 30, 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) 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 on July 11, 2024. The Company expects the exchange for shares of the Company's common stock will be completed during the fourth quarter of 2024. In accordance with Accounting Standards Codification ("ASC") 820 - Fair Value Measurements, the Company calculated the fair value of the stock warrants issued as part of the Private Placements, through the engagement of a third-party valuation firm. 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 financial instruments and classified as equity in the Company's consolidated financial statements. The warrants were deemed freestanding because they are (1) legally detachable and separately exercisable from the common or preferred shares, as applicable, issued in the Private Placements, (2) only exercisable into shares of the Company’s stock, with no obligation for the Company to transfer any asset in settlement, and (3) do not obligate the Company to issue a variable number of shares. The warrants are classified as equity because they are freestanding and (1) the Company has sufficient authorized and unissued shares available for issuance, (2) the warrant agreements specify a fixed number of shares to be issued upon exercise, and (3) there are no provisions requiring cash payments by the Company in any "top-off" or "make-whole" situations or for failure to make timely filings with the Securities and Exchange Commission (the "SEC"). 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) $ 2.39 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 $ 152.1 million net proceeds from the Private Placements were allocated among 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 periods 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	9 Months Ended
	Sep. 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. September 30, 2024 (Dollars in thousands) Amortized Gross Gross Fair Available for sale Mortgage backed securities $ 192,870 $ — $ ( 27,434 ) $ 165,436 U.S. Treasury and agencies 79,428 — ( 7,975 ) 71,453 State and municipal 50,295 1 ( 5,767 ) 44,529 Corporate bonds 36,883 — ( 3,517 ) 33,366 Total investment securities $ 359,476 $ 1 $ ( 44,693 ) $ 314,784 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 September 30, 2024 and December 31, 2023 , securities with a fair value of $ 273.0 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 , securities with $ 260.9 million of par value (amortized cost and fair value of $ 262.7 million and $ 218.7 million, respectively) were pledged as collateral for the Bank Term Funding Program (“BTFP”) established by the Board of Governors of the Federal Reserve System (the "Federal Reserve"). Effective March 11, 2024, the Federal Reserve terminated the BTFP. D uring the second quarter of 2024, the Company repaid its BTFP $ 65.0 million advance upon maturity and unpledged all collateralized securities. 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. September 30, 2024 (Dollars in thousands) Amortized Fair Due in one year or less $ 2,043 $ 2,031 Due after one year through five years 49,212 46,239 Due after five years through ten years 116,115 102,976 Due after ten years 192,106 163,538 Total $ 359,476 $ 314,784 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. September 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 79 $ — $ — $ 165,434 $ ( 27,434 ) $ 165,434 $ ( 27,434 ) U.S. Treasury and agencies 29 — — 71,452 ( 7,975 ) 71,452 ( 7,975 ) State and municipal 64 330 ( 1 ) 41,953 ( 5,766 ) 42,283 ( 5,767 ) Corporate bonds 40 2,209 ( 40 ) 30,407 ( 3,477 ) 32,616 ( 3,517 ) Total 212 $ 2,539 $ ( 41 ) $ 309,246 $ ( 44,652 ) $ 311,785 $ ( 44,693 ) 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 September 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 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 impaired securities prior to the recovery of the amortized cost. As of September 30, 2024 and December 31, 2023, there was no allowance for credit losses (“ACL”) against the Company's securities AFS portfolio. Any impairment that has not been recorded through an ACL is recognized in accumulated other comprehensive income (loss). Restricted equity investments consiste d of stock in the FHLB (carrying value of $ 11.3 million and $ 12.3 million as of September 30, 2024 and December 31, 2023 , respectively), stock in the Federal Reserve Bank of Richmond ("FRB") (carrying value of $ 9.2 million and $ 5.9 million at September 30, 2024 and December 31, 2023, respectively), and stock in the Bank’s correspondent bank (carrying value of $ 468 thousand at both September 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 $ 4.5 million and $ 12.9 million as of September 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 one of its investments, 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 resulted 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 during the second quarter of 2024. The Company also holds investments in early stage focused investment funds, small business investment companies ("SBIC"), and low-income housing partnerships, which totaled $ 21.3 million an d $ 29.5 million as of September 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. For the nine months ended September 30, 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	9 Months Ended
	Sep. 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) September 30, 2024 December 31, 2023 Commercial and industrial $ 378,922 $ 508,944 Real estate – construction, commercial 116,276 180,052 Real estate – construction, residential 43,322 75,832 Real estate – commercial 873,721 870,540 Real estate – residential 713,442 730,110 Real estate – farmland 5,619 5,470 Consumer 48,206 59,169 Gross loans 2,179,508 2,430,117 Deferred costs, net of loan fees 905 830 Total $ 2,180,413 $ 2,430,947 The Company has pledged certain commercial and residential mortgages as collateral for borrowings with the FHLB. Loans totaling $ 802.6 million and $ 767.1 million were pledged with the FHLB as of September 30, 2024 and December 31, 2023, respectively. T he Company has pledged certain commercial and industrial loans totaling $ 69.6 million and $ 161.0 million as collateral for borrowings with the FRB Discount Window as of September 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. September 30, 2024 (Dollars in thousands) Current 30-59 60-89 Greater than Nonaccrual Total Commercial and industrial $ 361,417 $ 1,640 $ 1,253 $ 3,142 $ 11,470 $ 378,922 Real estate – construction, commercial 115,963 — — — 313 116,276 Real estate – construction, residential 43,322 — — — — 43,322 Real estate – commercial 862,140 4,252 — — 7,329 873,721 Real estate – residential 703,539 1,237 77 — 8,589 713,442 Real estate – farmland 5,619 — — — — 5,619 Consumer 44,433 1,942 600 583 648 48,206 Deferred costs, net of loan fees 905 — — — — 905 Total $ 2,137,338 $ 9,071 $ 1,930 $ 3,725 $ 28,349 $ 2,180,413 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 costs, net of loan fees 830 — — — — 830 Total $ 2,351,689 $ 14,282 $ 1,913 $ 3,037 $ 60,026 $ 2,430,947 In the second quarter of 2024, the Company executed an agreement to sell a nonperforming specialty finance loan to a third party, reclassifying the loan from loans held for investment to loans held for sale in the same period at its estimated fair value. Upon reclassification, the Company recorded a charge-off of substantially all of the reserve held on the loan, which was provisioned for in prior years. In the third quarter, the sale was completed upon the receipt of all contractual amounts due. Upon the completion of the sale, the Company recorded an $ 8.4 million recovery of credit losses. 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. September 30, 2024 (Dollars in thousands) Nonaccrual Loans with No ACL Nonaccrual Loans with an ACL Total Nonaccrual Loans Commercial and industrial $ — $ 11,470 $ 11,470 Real estate – construction, commercial — 313 313 Real estate – commercial — 7,329 7,329 Real estate – residential 2,496 6,093 8,589 Consumer — 648 648 Total $ 2,496 $ 25,853 $ 28,349 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 $ 275 thousand and $ 463 thousand of interest income on nonaccrual loans during the three and nine months ended September 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 September 30, For the nine months ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Commercial and industrial $ 165 $ 34 $ 381 $ 302 Real estate – construction, commercial 35 42 60 42 Real estate – construction, residential — 11 — 26 Real estate – commercial 77 53 175 251 Real estate – residential 52 12 104 49 Consumer 5 6 10 15 Total $ 334 $ 158 $ 730 $ 685 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 September 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 nine months ended September 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 $ 9,046 $ 9,673 $ 84,473 $ 16,702 $ 19,368 $ 17,087 $ 102,357 $ 258,706 Risk Grades 5 - 6 752 25,585 38,620 11,558 5,621 893 13,974 97,003 Risk Grade 7 871 1,013 4,250 10,515 420 1,376 1,701 20,146 Risk Grade 8 — — — 2,289 727 1 50 3,067 Total 10,669 36,271 127,343 41,064 26,136 19,357 118,082 378,922 Current period gross charge-offs 73 475 16,213 2,437 130 165 447 19,940 Real estate – construction, commercial Risk Grades 1 - 4 6,071 7,005 63,471 15,166 10,480 5,615 399 108,207 Risk Grades 5 - 6 — 1,094 102 1,034 — 3,620 — 5,850 Risk Grade 7 — 116 1,723 26 — 354 — 2,219 Total 6,071 8,215 65,296 16,226 10,480 9,589 399 116,276 Real estate – construction, residential Risk Grades 1 - 4 12,491 11,772 3,563 11,917 — 60 — 39,803 Risk Grades 5 - 6 255 — 3,005 — — — — 3,260 Risk Grade 7 — 104 155 — — — — 259 Total 12,746 11,876 6,723 11,917 — 60 — 43,322 Current period gross charge-offs — — — — — 39 — 39 Real estate – commercial Risk Grades 1 - 4 4,799 22,723 274,021 120,168 144,931 142,903 20,621 730,166 Risk Grades 5 - 6 535 — 65,919 7,042 15,291 24,264 4,184 117,235 Risk Grade 7 1,570 — — 12,403 3,690 6,753 525 24,941 Risk Grade 8 — — — 1,379 — — — 1,379 Total 6,904 22,723 339,940 140,992 163,912 173,920 25,330 873,721 Current period gross charge-offs — — 1,103 — — 6 — 1,109 Real estate – residential Risk Grades 1 - 4 940 56,212 225,724 114,846 64,510 143,476 55,317 661,025 Risk Grades 5 - 6 300 12,649 8,715 3,075 2,250 9,237 1,274 37,500 Risk Grade 7 — 741 2,598 2,321 1,769 5,318 2,170 14,917 Total 1,240 69,602 237,037 120,242 68,529 158,031 58,761 713,442 Current period gross charge-offs — — — — — 72 2 74 Real estate – farmland Risk Grades 1 - 4 148 — 1,000 1,252 — 2,816 164 5,380 Risk Grades 5 - 6 — 138 — 101 — — — 239 Total 148 138 1,000 1,353 — 2,816 164 5,619 Consumer Risk Grades 1 - 4 6,217 19,199 9,923 2,151 1,461 599 7,178 46,728 Risk Grades 5 - 6 — 50 36 10 24 53 450 623 Risk Grade 7 45 201 344 141 83 41 — 855 Total 6,262 19,450 10,303 2,302 1,568 693 7,628 48,206 Current period gross charge-offs 609 324 1,007 64 26 33 — 2,063 Total Loans Risk Grades 1 - 4 $ 39,712 $ 126,584 $ 662,175 $ 282,202 $ 240,750 $ 312,556 $ 186,036 $ 1,850,015 Risk Grades 5 - 6 1,842 39,516 116,397 22,820 23,186 38,067 19,882 261,710 Risk Grade 7 2,486 2,175 9,070 25,406 5,962 13,842 4,396 63,337 Risk Grade 8 — — — 3,668 727 1 50 4,446 Total $ 44,040 $ 168,275 $ 787,642 $ 334,096 $ 270,625 $ 364,466 $ 210,364 $ 2,179,508 Total current period gross charge-offs $ 682 $ 799 $ 18,323 $ 2,501 $ 156 $ 315 $ 449 $ 23,225 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 table presents an analysis of the change in the ACL by loan segment for the periods stated. As of and for the three months ended As of and for the nine months ended (Dollars in thousands) September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Allowance for credit losses, beginning of period $ 28,036 $ 38,567 $ 35,893 $ 30,740 Impact of ASC 326 adoption — — — 7,418 Charge-offs Commercial and industrial $ ( 6,001 ) $ ( 1,832 ) $ ( 19,940 ) $ ( 9,927 ) Real estate – construction, commercial — — — ( 28 ) Real estate – construction, residential — — ( 39 ) — Real estate – commercial ( 1,109 ) — ( 1,109 ) — Real estate – residential ( 30 ) — ( 74 ) ( 1,255 ) Consumer ( 773 ) ( 749 ) ( 2,063 ) ( 1,699 ) Total charge-offs ( 7,913 ) ( 2,581 ) ( 23,225 ) ( 12,909 ) Recoveries Commercial and industrial $ 11,095 $ 1,596 $ 14,455 $ 2,327 Real estate – construction, commercial — 5 — 15 Real estate – construction, residential — 132 — 132 Real estate – commercial — — — 263 Real estate – residential 60 126 76 145 Consumer 175 186 654 397 Total recoveries 11,330 2,045 15,185 3,279 Net recoveries (charge-offs) 3,417 ( 536 ) ( 8,040 ) ( 9,630 ) Total (recovery of) provision for credit losses - loans ( 6,000 ) 11,600 ( 2,400 ) 21,103 Allowance for credit losses, end of period $ 25,453 $ 49,631 $ 25,453 $ 49,631 Of the commercial and industrial loan net charge-off amount in the nine months ended September 30, 2024, $ 9.4 million was charged-off when the previously noted specialty finance loan was reclassified from loans held for investment to loans held for sale in the second quarter of 2024. Of this charge-off, $ 8.4 million was recovered in the third quarter of 2024 upon the completion of the note sale, which is reflected in the recovery of provision for credit losses - loans, for the three and nine months ended September 30, 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 (recovery of) credit losses for loans held for investment as of and for the three and nine months ended September 30, 2024. Excluded from the ACL as of September 30, 2024 and December 31, 2023 was $ 11.1 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 sheets. The following table presents the amortized cost of collateral-dependent loans as of the dates stated. (Dollars in thousands) September 30, 2024 December 31, 2023 Commercial and industrial $ 45,058 $ 67,555 Real estate – construction, commercial 1,839 6,309 Real estate – construction, residential — 2,303 Real estate – commercial 19,448 13,401 Real estate – residential 7,796 7,337 Total collateral-dependent loans $ 74,141 $ 96,905 Acquired Loans As of September 30, 2024 and December 31, 2023 , the amortized cost of purchased credit deteriorated ("PCD") loans totaled $ 48.5 million and $ 51.0 million, respectively, with estimated ACL of $ 463 thousand and $ 529 thousand, respectively. The remaining non-credit discount on PCD loans was $ 3.0 million and $ 3.8 million as of September 30, 2024 and December 31, 2023, respectively. Troubled Loan Modifications The Company closely monitors the performance of borrowers experiencing financial difficulty and grants certain loan modifications it would otherwise not consider. The Company refers to such loan modifications as troubled loan modifications ("TLMs"). The following tables present the amortized cost of TLMs, categorized by loan type and type of concession granted, for the periods stated. For the three months ended September 30, 2024 For the nine months ended September 30, 2024 (Dollars in thousands) Recorded Investment % of Recorded Investment to Gross Loans by Category Recorded Investment % of Recorded Investment to Gross Loans by Category Term extension and forbearance Commercial and industrial $ 335 0.09 % $ 335 0.09 % Real estate – residential 72 0.01 % 72 0.01 % Real estate – commercial 1,743 0.20 % 1,781 0.20 % Total term extension and forbearance $ 2,150 $ 2,188 Payment deferral 6-9 months Commercial and industrial $ 644 0.17 % $ 1,024 0.27 % Real estate – residential 504 0.07 % 504 0.07 % Real estate – commercial 74 0.01 % 74 0.01 % Consumer loans — — 11 0.02 % Total payment deferral $ 1,222 $ 1,613 Total $ 3,372 $ 3,801 For the three months ended September 30, 2023 For the nine months ended September 30, 2023 (Dollars in thousands) Recorded Investment % of Recorded Investment to Gross Loans by Category Recorded Investment % of Recorded Investment to Gross Loans by Category Term extension and forbearance Commercial and industrial $ 5,806 1.09 % $ 32,750 (1) 6.14 % Real estate – commercial 2,999 0.34 % 6,208 0.71 % Total term extension and forbearance $ 8,805 $ 38,958 Interest-only for 6 months Commercial and industrial $ 297 0.06 % $ 2,982 0.34 % Real estate – commercial — — 244 0.03 % Total interest-only $ 297 $ 3,226 Payment deferral 3-9 months Commercial and industrial $ — — $ 5,806 0.66 % Real estate – commercial — — 2,999 0.34 % Total payment deferral $ — $ 8,805 Total $ 9,102 $ 50,989 (1) A $ 32.8 million specialty finance loan was modified via a forbearance agreement in the second quarter of 2023 under which the borrower defaulted in the same period. The Company received cash payments of $ 4.5 million in the first nine months of 2023 for interest, which were applied to principal as the loan was on nonaccrual status. The following tables present an aging analysis of the amortized cost of TLMs as of the dates stated. September 30, 2024 (Dollars in thousands) Current 30-89 Greater than Nonaccrual Total Commercial and industrial $ 335 $ — $ — $ 3,238 $ 3,573 Real estate – construction, residential 155 — — — 155 Real estate – residential 196 — — 504 700 Real estate - commercial 1,781 — — 3,074 4,854 Consumer loans — — — 11 11 Total modified loans $ 2,467 $ — $ — $ 6,826 $ 9,293 December 31, 2023 (Dollars in thousands) Current 30-89 Greater than Nonaccrual Total Commercial and industrial $ 1,626 $ — $ — $ 35,486 $ 37,112 Real estate – mortgage, commercial — — — 6,087 6,087 Real estate – mortgage, residential 129 — — 577 706 Real estate – construction, residential 155 — — — 155 Total modified loans $ 1,910 $ — $ — $ 42,150 $ 44,060 As of September 30, 2024 and December 31, 2023, there were no unfunded commitments to borrowers of loans modified and designated as TLMs. The following table presents the amortized cost of TLMs that were modified in the preceding twelve months and had a payment default during the periods stated. For the three months ended September 30, 2024 For the nine months ended September 30, 2024 (Dollars in thousands) Amortized Cost % of Amortized Cost to Gross Loans by Category Amortized Cost % of Amortized Cost to Gross Loans by Category Term extension and forbearance Commercial and industrial $ — — $ 350 0.09 % Real estate – construction, residential — — 155 0.36 % Real estate – commercial — — 299 0.03 % Total term extension and forbearance $ — $ 804 Payment deferral 6-9 months Commercial and industrial $ 225 0.06 % $ 569 0.15 % Real estate – commercial 74 0.01 % 74 0.01 % Total payment deferral $ 299 $ 643 Total $ 299 $ 1,447 Other than the $ 32.8 million specialty finance loan that defaulted in the second quarter of 2023 noted above, there were no TLMs that defaulted in 2023. As of September 30, 2024 , no residential mortgage loans were in the process of foreclosure.

Borrowings

Borrowings	9 Months Ended
	Sep. 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 September 30, 2024 and December 31, 2023 , the line totaled $ 680.1 million and $ 455.6 million, respectively, based on pledged collateral. 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 $ 190.0 million and $ 210.0 million at September 30, 2024 and December 31, 2023, respectively. The FHL B borrowings required the Bank to hold $ 11.3 million and $ 12.3 million of FHLB stock at September 30, 2024 and December 31, 2023, respectively, which is included in restricted equity investments on the consolidated balance sheets. At September 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 were 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. Available balances on the FHLB credit facility were $ 408.9 million and $ 135.5 million as of September 30, 2024 and December 31, 2023, respectively. The following tables present information regarding FHLB advances outstanding as of the dates stated. September 30, 2024 (Dollars in thousands) Balance Origination Date Stated Interest Rate Maturity Date Fixed rate credit (1) $ 40,000 7/29/2024 4.75 % - 4.89 % 7/29/2025 - 1 1/18/2025 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 $ 190,000 (1) Consists of four $ 10 million advances. 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 $ 69.6 million and $ 161.0 million as of September 30, 2024 and December 31, 2023 , respectively, of which the Company had no outstanding advances as of both dates. 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 September 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 September 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 September 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 September 30, 2024 , the net carrying amount of the 2029 Notes was $ 25.0 million, inclusive of a $ 503 thousand purchase accounting adjustment (premium ). For both the three months ended September 30, 2024 and 2023 , the effective interest rate on the 2029 Notes was 5.3 %, inclusive of the amortization of the purchase accounting adjustment (premium). For the nine months ended September 30, 2024 and 2023, the effective interest rate on the 2029 Notes was 5.2 % a nd 5.1 %, respectively, inclusive of the amortization of the purchase accounting adjustment (premium). As of September 30, 2024, the net carrying amount of the 2030 Note, including capitalized, unamortized debt issuance costs, was $ 14.8 million. For the three and nine months ended September 30, 2024 and 2023, the effective interest rate on the 2030 Note was 6.08 % and 6.10 %, respectively.

Leases

Leases	9 Months Ended
	Sep. 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) September 30, 2024 December 31, 2023 Lease liabilities $ 8,537 $ 9,619 Right-of-use lease asset $ 7,764 $ 8,738 Weighted average remaining lease term (years) 6.97 7.14 Weighted average discount rate 3.42 % 3.25 % For the three months ended September 30, For the nine months ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Operating lease cost $ 420 $ 672 $ 1,333 $ 1,913 Cash paid for amounts included in the measurement of lease liabilities 411 628 1,278 1,773 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) September 30, 2024 Three months ending December 31, 2024 $ 392 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 9,699 Discount ( 1,162 ) Lease liabilities $ 8,537

Fair Value

Fair Value	9 Months Ended
	Sep. 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. September 30, 2024 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale Mortgage backed securities $ 165,436 $ — $ 165,436 $ — U.S. Treasury and agencies 71,453 — 71,453 — State and municipals 44,529 — 44,529 — Corporate bonds 33,366 — 32,616 750 Total securities available for sale $ 314,784 $ — $ 314,034 $ 750 Other assets Mortgage servicing rights assets $ 19,502 $ — $ — $ 19,502 Rabbi trust assets 593 593 — — Mortgage derivative asset 212 — 212 — Interest rate swap asset 69 — 69 — Other liabilities Interest rate swap liability $ 71 $ — $ 71 $ — 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 — As of September 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 10 Fair value adjustments ( 176 ) Sale proceeds ( 6,568 ) Transfer to other assets ( 731 ) Loss on sale ( 147 ) Balance as of September 30, 2024 $ 19,502 The following tables summarize assets that were measured at fair value on a nonrecurring basis as of the dates stated . As previously reported, 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. September 30, 2024 (Dollars in thousands) Total Level 1 Level 2 Level 3 Other equity investments $ 4,525 $ — $ 1,519 $ 3,006 Collateral-dependent loans 21,337 — — 21,337 Loans held for sale 22,082 — 22,082 — Other real estate owned ("OREO") (1) 100 — — 100 (1) Included in other assets on the consolidated balance sheets. 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 September 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 21,337 Selling Costs 7 % - 15 % OREO (1) Discounted sales price technique 100 Selling Costs 7 % (1) Included in other assets on the consolidated balance sheets. (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. September 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 $ 281,698 $ 281,698 $ 281,698 $ — $ — Restricted cash 4,160 4,160 4,160 — — Federal funds sold 2,910 2,910 2,910 — — Securities available for sale 314,784 314,784 — 314,034 750 Restricted equity investments 20,891 20,891 — 20,891 — Other equity investments 4,525 4,525 — 1,519 3,006 Other investments 21,344 21,344 — — 21,344 Loans held for sale 22,082 22,082 — 22,082 — Loans held for investment, net 2,154,960 2,055,614 — — 2,055,614 Accrued interest receivable 13,171 13,171 — 13,171 — Bank owned life insurance 14,953 14,953 — 14,953 — MSR assets 19,502 19,502 — — 19,502 Financial Liabilities Noninterest-bearing demand $ 459,793 $ 459,793 $ 459,793 $ — $ — Interest-bearing demand and money market 748,416 748,416 — 748,416 — Savings 103,820 103,820 — 103,820 — Time 1,034,463 1,040,044 — — 1,040,044 FHLB borrowings 190,000 189,506 — 189,506 — Subordinated notes, net 39,806 38,687 — — 38,687 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	9 Months Ended
	Sep. 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. 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 September 30, 2024 and June 30, 2024, the Bank met these minimum capital ratios. Until 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 adequately and well capitalized, as well as the capital and capital ratios for the Bank as of the dates stated. Adequately capitalized ratios include the conservation buffer, if applicable. The following table also includes the capital adequacy ratios to which bank holding companies are subject. On January 1, 2024, the Company became subject to these ratios. 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 September 30, 2024 and December 31, 2023, respectively. September 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. $ 367,736 16.64 % $ 232,080 10.50 % $ 221,028 10.00 % $ 287,337 13.00 % Blue Ridge Bankshares, Inc. $ 427,441 19.26 % $ 177,546 8.00 % n/a n/a n/a n/a Tier 1 capital (to risk-weighted assets) Blue Ridge Bank, N.A. $ 346,545 15.68 % $ 187,875 8.50 % $ 176,823 8.00 % n/a n/a Blue Ridge Bankshares, Inc. $ 345,839 15.58 % $ 133,186 6.00 % n/a n/a n/a n/a Common equity tier 1 capital (to risk-weighted assets) Blue Ridge Bank, N.A. $ 346,545 15.68 % $ 154,720 7.00 % $ 143,669 6.50 % n/a n/a Blue Ridge Bankshares, Inc. $ 345,839 15.58 % $ 99,889 4.50 % n/a n/a n/a n/a Tier 1 leverage (to average assets) Blue Ridge Bank, N.A. $ 346,545 11.56 % $ 119,912 4.00 % $ 149,890 5.00 % $ 299,779 10.00 % Blue Ridge Bankshares, Inc. $ 345,839 11.46 % $ 120,712 4.00 % n/a n/a n/a n/a 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	9 Months Ended
	Sep. 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 September 30, 2024 and December 31, 2023 , the Company had outstanding loan commitments of $ 320.3 million and $ 480.8 million, respectively . Of these amounts, $ 106.3 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 September 30, 2024 and December 31, 2023, commitments under outstanding financial stand-by letters of credit totaled $ 11.9 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 nine months ended September 30, 2024 , the Company recorded a recovery of credit losses for unfunded commitments of $ 200 thousand and $ 1.7 million, respectively, which was primarily attributable to lower balances of loan commitments. As of September 30, 2024 , the reserve for unfunded commitments was $ 1.4 million compared to $ 3.1 million as of December 31, 2023. As of and for the three month period ended September 30, 2024, the Company recorded a recourse reserve of $ 520 thousand for estimated putbacks and transition costs as part of the sale of a portion of its MSR portfolio in the same period. This amount is included in the loss on sale of MSRs and other liabilities on the consolidated statement of operations and consolidated balance sheet, respectively. The putbacks relate to industry-standard items, including prepayments or early delinquencies of the underlying mortgages, as well as any deficiencies in the underlying documentation, all of which are subject to term limits per the sales agreement. 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 September 30, 2024 , the Company had future commitments outstanding totaling $ 7.6 million related to these investments.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 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”), preferred stock, and warrants. The Company calculates diluted EPS for its warrants and stock options using the treasury stock method, for its preferred stock using the if-converted method, and for its PSAs using the two-class 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 2023 periods presented and for the nine months ended September 30, 2024, 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 September 30, 2024 , stock options of 29,741 shares and PSAs of 171,752 shares of the Company's common stock were not included in the computation of diluted earnings per share because their effects would have been anti-dilutive. For the three months ended For the nine months ended (Dollars in thousands, except per share data) September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Net income (loss) $ 946 $ ( 41,371 ) $ ( 13,382 ) $ ( 46,014 ) Weighted average common shares outstanding, basic 73,366,140 19,014,883 39,132,557 18,907,921 Effect of dilutive securities (1) 13,720,237 — — — Weighted average common shares outstanding, dilutive 87,086,377 19,014,883 39,132,557 18,907,921 Basic and diluted earnings (loss) per share $ 0.01 $ ( 2.18 ) $ ( 0.34 ) $ ( 2.43 ) (1) Components of dilutive securities PSAs 1,805 — — — Preferred stock 10,928,000 — — — Warrants 2,790,432 — — — Total dilutive weighted average securities 13,720,237 — — —

Business Segments

Business Segments	9 Months Ended
	Sep. 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 September 30, 2024 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 38,803 $ 422 $ — $ — $ 39,225 Interest expense 19,385 174 565 — 20,124 Net interest income 19,418 248 ( 565 ) — 19,101 Recovery of credit losses ( 6,200 ) — — — ( 6,200 ) Net interest income after recovery of credit losses 25,618 248 ( 565 ) — 25,301 NONINTEREST INCOME Fair value adjustments of other equity investments — — 160 — 160 Residential mortgage banking income — 2,939 — — 2,939 Mortgage servicing rights — ( 2,915 ) — — ( 2,915 ) Loss on sale of mortgage servicing rights — ( 1,011 ) — — ( 1,011 ) Other income 3,660 — 2 ( 96 ) 3,566 Total noninterest income 3,660 ( 987 ) 162 ( 96 ) 2,739 NONINTEREST EXPENSE Salaries and employee benefits 12,554 1,365 19 — 13,938 Regulatory remediation 357 — — — 357 Other expenses 10,737 1,140 419 ( 96 ) 12,200 Total noninterest expense 23,648 2,505 438 ( 96 ) 26,495 Income (loss) before income tax expense 5,630 ( 3,244 ) ( 841 ) — 1,545 Income tax expense (benefit) 1,523 ( 751 ) ( 173 ) — 599 Net income (loss) $ 4,107 $ ( 2,493 ) $ ( 668 ) $ — $ 946 Total assets as of September 30, 2024 $ 2,900,927 $ 33,519 $ 377,806 $ ( 367,561 ) $ 2,944,691 As of and for the three months ended September 30, 2023 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 41,699 $ 777 $ 9 $ — $ 42,485 Interest expense 18,766 408 1,119 — 20,293 Net interest income 22,933 369 ( 1,110 ) — 22,192 Provision for credit losses 11,050 — — — 11,050 Net interest income after provision for credit losses 11,883 369 ( 1,110 ) — 11,142 NONINTEREST INCOME Fair value adjustments of other equity investments — — 55 — 55 Residential mortgage banking income — 2,917 — — 2,917 Mortgage servicing rights — 894 — — 894 Other income 3,523 — 125 ( 99 ) 3,549 Total noninterest income 3,523 3,811 180 ( 99 ) 7,415 NONINTEREST EXPENSE Salaries and employee benefits 10,136 4,504 — — 14,640 Regulatory remediation 3,782 — — — 3,782 Goodwill impairment 26,826 — — — 26,826 ESOP litigation — — 6,000 — 6,000 Other expenses 9,047 2,834 1,591 ( 99 ) 13,373 Total noninterest expense 49,791 7,338 7,591 ( 99 ) 64,621 Loss before income tax expense ( 34,385 ) ( 3,158 ) ( 8,521 ) — ( 46,064 ) Income tax benefit ( 2,446 ) ( 446 ) ( 1,801 ) — ( 4,693 ) Net loss $ ( 31,939 ) $ ( 2,712 ) $ ( 6,720 ) $ — $ ( 41,371 ) Total assets as of September 30, 2023 $ 3,183,121 $ 46,959 $ 230,999 $ ( 198,366 ) $ 3,262,713 As of and for the nine months ended September 30, 2024 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 121,181 $ 1,206 $ — $ — $ 122,387 Interest expense 60,635 539 1,677 — 62,851 Net interest income 60,546 667 ( 1,677 ) — 59,536 Recovery of credit losses ( 4,100 ) — — — ( 4,100 ) Net interest income after recovery of credit losses 64,646 667 ( 1,677 ) — 63,636 NONINTEREST INCOME Fair value adjustments of other equity investments — — ( 8,384 ) — ( 8,384 ) Residential mortgage banking income — 8,693 — — 8,693 Mortgage servicing rights — ( 166 ) — — ( 166 ) Loss on sale of mortgage servicing rights — ( 1,011 ) — — ( 1,011 ) Other income 12,009 — 19 ( 288 ) 11,740 Total noninterest income 12,009 7,516 ( 8,365 ) ( 288 ) 10,872 NONINTEREST EXPENSE Salaries and employee benefits 40,307 4,548 63 — 44,918 Regulatory remediation 4,398 — — — 4,398 Other expenses 34,870 3,535 881 ( 288 ) 38,998 Total noninterest expense 79,575 8,083 944 ( 288 ) 88,314 (Loss) income before income tax expense ( 2,920 ) 100 ( 10,986 ) — ( 13,806 ) Income tax expense (benefit) 1,960 ( 90 ) ( 2,294 ) — ( 424 ) Net (loss) income $ ( 4,880 ) $ 190 $ ( 8,692 ) $ — $ ( 13,382 ) Total assets as of September 30, 2024 $ 2,900,927 $ 33,519 $ 377,806 $ ( 367,561 ) $ 2,944,691 As of and for the nine months ended September 30, 2023 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 124,629 $ 1,192 $ 14 $ — $ 125,835 Interest expense 52,313 578 1,666 — 54,557 Net interest income 72,316 614 ( 1,652 ) — 71,278 Provision for credit losses 19,553 — — — 19,553 Net interest income after provision for credit losses 52,763 614 ( 1,652 ) — 51,725 NONINTEREST INCOME Fair value adjustments of other equity investments — — ( 277 ) — ( 277 ) Residential mortgage banking income — 9,261 — — 9,261 Mortgage servicing rights — 148 — — 148 Other income 15,380 — 120 ( 198 ) 15,302 Total noninterest income 15,380 9,409 ( 157 ) ( 198 ) 24,434 NONINTEREST EXPENSE Salaries and employee benefits 37,658 6,789 — — 44,447 Regulatory remediation 7,304 — — — 7,304 Goodwill impairment 26,826 — — — 26,826 ESOP litigation — — 6,000 — 6,000 Other expenses 35,000 4,226 3,915 ( 198 ) 42,943 Total noninterest expense 106,788 11,015 9,915 ( 198 ) 127,520 Loss before income tax expense ( 38,645 ) ( 992 ) ( 11,724 ) — ( 51,361 ) Income tax benefit ( 2,473 ) ( 412 ) ( 2,462 ) — ( 5,347 ) Net loss $ ( 36,172 ) $ ( 580 ) $ ( 9,262 ) $ — $ ( 46,014 ) Total assets as of September 30, 2023 $ 3,183,121 $ 46,959 $ 230,999 $ ( 198,366 ) $ 3,262,713

Changes to Accumulated Other Co

Changes to Accumulated Other Comprehensive (Loss) Gain, net	9 Months Ended
	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Changes to Accumulated Other Comprehensive (Loss) Gain, net	Note 11 – Changes to Accumulated Other Comprehensive (Loss) Gain, net The following tables present components of accumulated other comprehensive (loss) gain for the periods stated. For the three months ended September 30, 2024 (Dollars in thousands) Net Unrealized (Losses) Gains on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Accumulated Other Comprehensive (Loss) Gain, net Balance as of July 1, 2024 $ ( 44,908 ) $ 425 $ ( 44,483 ) Change in net unrealized holding gains on securities available for sale, net of deferred tax expense of $ 2,803 10,000 — 10,000 Balance as of September 30, 2024 $ ( 34,908 ) $ 425 $ ( 34,483 ) For the nine months ended September 30, 2024 (Dollars in thousands) Net Unrealized (Losses) Gains on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Accumulated Other Comprehensive (Loss) Gain, 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 $ 3,293 10,521 — 10,521 Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit of $ 15 52 — 52 Balance as of September 30, 2024 $ ( 34,908 ) $ 425 $ ( 34,483 ) For the three months ended September 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 July 1, 2023 $ ( 46,682 ) $ 425 $ ( 1 ) $ ( 46,258 ) Change in net unrealized holding losses on securities available for sale, net of deferred tax benefit of $ 2,309 ( 8,022 ) — — ( 8,022 ) Reclassification for previously unrealized net losses recognized in net income, net of income tax benefit of $ 145 504 — — 504 Balance as of September 30, 2023 $ ( 54,200 ) $ 425 $ ( 1 ) $ ( 53,776 ) For the nine months ended September 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 $ 2,642 ( 9,179 ) — — ( 9,179 ) Reclassification for previously unrealized net losses recognized in net income, net of income tax benefit of $ 145 504 — — 504 Balance as of September 30, 2023 $ ( 54,200 ) $ 425 $ ( 1 ) $ ( 53,776 )

Bank Owned Life Insurance and M

Bank Owned Life Insurance and MSRs	9 Months Ended
	Sep. 30, 2024
Schedule of Investments [Abstract]
Bank Owned Life Insurance and MSRs	Note 12 – Bank Owned Life Insurance and MSRs As of September 30, 2024 and December 31, 2023 , the Company's investment in bank owned life insurance totaled $ 14.9 million and $ 48.5 million, respectively. In the second quarter of 2024, the Company surrendered the majority of its bank owned life insurance policies and received $ 34.3 million of the proceeds by the end of the third quarter of 2024. The Company expects to receive the remaining proceeds of approximately $ 14.0 million in the fourth quarter of 2024. There was no gain or loss as a result of this transaction, as bank owned life insurance is carried at cash surrender value. O ther noninterest expense for the nine months ended September 30, 2024, included approximately $ 940 thousand of excise taxes related to the surrender of these policies. Additionally, $ 2.0 million of income tax expense was recognized in the second quarter of 2024 representing the tax effect of the life-to-date income earned on the policies, as the earnings were previously permanently deferred but became subject to tax upon surrender. As of September 30, 2024 and December 31, 2023 , the Company's portfolio of MSRs totaled $ 19.5 million and $ 27.1 million, respectively. During the third quarter of 2024, the Company sold certain MSRs, representing loans with an aggregate unpaid principal balance of approximately $ 438.6 million. The sale resulted in $ 6.6 million in sales proceeds and a loss on sale of approximately $ 1.0 million. This loss includes transaction-related costs and an estimated recourse reserve for potential putbacks and/or transition costs to the Company.

Legal Matters

Legal Matters	9 Months Ended
	Sep. 30, 2024
Loss Contingency [Abstract]
Legal Matters	Note 13 – Legal Matters In December of 2023, a purported shareholder of the Company commenced a putative class action in the U.S. District Court 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 SEC 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 parties are scheduled to engage in non-binding mediation on December 5, 2024. The Company nevertheless continues to believe the claims are without merit and no loss has been accrued for this lawsuit as of September 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 and the Company agreed to pay $ 6.0 million for such release. In June of 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. On July 15, 2024, the Company made the final payment related to the VCB ESOP litigation pursuant to the Settlement Agreement.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 14 – Subsequent Events On October 31, 2024, the Company sold the majority of its remaining MSR portfolio consisting of $ 1.51 billion unpaid principal balances of underlying mortgages at an estimated loss of $ 1.6 million. This loss includes transaction-related costs and an estimated recourse reserve for potential putbacks and/or estimated transition costs to the Company.

Organization and Basis of Pre_2

Organization and Basis of Presentation (Policies)	9 Months Ended
	Sep. 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 periods 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)	9 Months Ended
	Sep. 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 as of and for the nine months ended September 30, 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) 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 on July 11, 2024. The Company expects the exchange for shares of the Company's common stock will be completed during the fourth 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) $ 2.39 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)	9 Months Ended
	Sep. 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. September 30, 2024 (Dollars in thousands) Amortized Gross Gross Fair Available for sale Mortgage backed securities $ 192,870 $ — $ ( 27,434 ) $ 165,436 U.S. Treasury and agencies 79,428 — ( 7,975 ) 71,453 State and municipal 50,295 1 ( 5,767 ) 44,529 Corporate bonds 36,883 — ( 3,517 ) 33,366 Total investment securities $ 359,476 $ 1 $ ( 44,693 ) $ 314,784 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. September 30, 2024 (Dollars in thousands) Amortized Fair Due in one year or less $ 2,043 $ 2,031 Due after one year through five years 49,212 46,239 Due after five years through ten years 116,115 102,976 Due after ten years 192,106 163,538 Total $ 359,476 $ 314,784
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. September 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 79 $ — $ — $ 165,434 $ ( 27,434 ) $ 165,434 $ ( 27,434 ) U.S. Treasury and agencies 29 — — 71,452 ( 7,975 ) 71,452 ( 7,975 ) State and municipal 64 330 ( 1 ) 41,953 ( 5,766 ) 42,283 ( 5,767 ) Corporate bonds 40 2,209 ( 40 ) 30,407 ( 3,477 ) 32,616 ( 3,517 ) Total 212 $ 2,539 $ ( 41 ) $ 309,246 $ ( 44,652 ) $ 311,785 $ ( 44,693 ) 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)	9 Months Ended
	Sep. 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) September 30, 2024 December 31, 2023 Commercial and industrial $ 378,922 $ 508,944 Real estate – construction, commercial 116,276 180,052 Real estate – construction, residential 43,322 75,832 Real estate – commercial 873,721 870,540 Real estate – residential 713,442 730,110 Real estate – farmland 5,619 5,470 Consumer 48,206 59,169 Gross loans 2,179,508 2,430,117 Deferred costs, net of loan fees 905 830 Total $ 2,180,413 $ 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. September 30, 2024 (Dollars in thousands) Current 30-59 60-89 Greater than Nonaccrual Total Commercial and industrial $ 361,417 $ 1,640 $ 1,253 $ 3,142 $ 11,470 $ 378,922 Real estate – construction, commercial 115,963 — — — 313 116,276 Real estate – construction, residential 43,322 — — — — 43,322 Real estate – commercial 862,140 4,252 — — 7,329 873,721 Real estate – residential 703,539 1,237 77 — 8,589 713,442 Real estate – farmland 5,619 — — — — 5,619 Consumer 44,433 1,942 600 583 648 48,206 Deferred costs, net of loan fees 905 — — — — 905 Total $ 2,137,338 $ 9,071 $ 1,930 $ 3,725 $ 28,349 $ 2,180,413 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 costs, net of loan fees 830 — — — — 830 Total $ 2,351,689 $ 14,282 $ 1,913 $ 3,037 $ 60,026 $ 2,430,947 In the second quarter of 2024,
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. September 30, 2024 (Dollars in thousands) Nonaccrual Loans with No ACL Nonaccrual Loans with an ACL Total Nonaccrual Loans Commercial and industrial $ — $ 11,470 $ 11,470 Real estate – construction, commercial — 313 313 Real estate – commercial — 7,329 7,329 Real estate – residential 2,496 6,093 8,589 Consumer — 648 648 Total $ 2,496 $ 25,853 $ 28,349 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 September 30, For the nine months ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Commercial and industrial $ 165 $ 34 $ 381 $ 302 Real estate – construction, commercial 35 42 60 42 Real estate – construction, residential — 11 — 26 Real estate – commercial 77 53 175 251 Real estate – residential 52 12 104 49 Consumer 5 6 10 15 Total $ 334 $ 158 $ 730 $ 685
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 September 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 nine months ended September 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 $ 9,046 $ 9,673 $ 84,473 $ 16,702 $ 19,368 $ 17,087 $ 102,357 $ 258,706 Risk Grades 5 - 6 752 25,585 38,620 11,558 5,621 893 13,974 97,003 Risk Grade 7 871 1,013 4,250 10,515 420 1,376 1,701 20,146 Risk Grade 8 — — — 2,289 727 1 50 3,067 Total 10,669 36,271 127,343 41,064 26,136 19,357 118,082 378,922 Current period gross charge-offs 73 475 16,213 2,437 130 165 447 19,940 Real estate – construction, commercial Risk Grades 1 - 4 6,071 7,005 63,471 15,166 10,480 5,615 399 108,207 Risk Grades 5 - 6 — 1,094 102 1,034 — 3,620 — 5,850 Risk Grade 7 — 116 1,723 26 — 354 — 2,219 Total 6,071 8,215 65,296 16,226 10,480 9,589 399 116,276 Real estate – construction, residential Risk Grades 1 - 4 12,491 11,772 3,563 11,917 — 60 — 39,803 Risk Grades 5 - 6 255 — 3,005 — — — — 3,260 Risk Grade 7 — 104 155 — — — — 259 Total 12,746 11,876 6,723 11,917 — 60 — 43,322 Current period gross charge-offs — — — — — 39 — 39 Real estate – commercial Risk Grades 1 - 4 4,799 22,723 274,021 120,168 144,931 142,903 20,621 730,166 Risk Grades 5 - 6 535 — 65,919 7,042 15,291 24,264 4,184 117,235 Risk Grade 7 1,570 — — 12,403 3,690 6,753 525 24,941 Risk Grade 8 — — — 1,379 — — — 1,379 Total 6,904 22,723 339,940 140,992 163,912 173,920 25,330 873,721 Current period gross charge-offs — — 1,103 — — 6 — 1,109 Real estate – residential Risk Grades 1 - 4 940 56,212 225,724 114,846 64,510 143,476 55,317 661,025 Risk Grades 5 - 6 300 12,649 8,715 3,075 2,250 9,237 1,274 37,500 Risk Grade 7 — 741 2,598 2,321 1,769 5,318 2,170 14,917 Total 1,240 69,602 237,037 120,242 68,529 158,031 58,761 713,442 Current period gross charge-offs — — — — — 72 2 74 Real estate – farmland Risk Grades 1 - 4 148 — 1,000 1,252 — 2,816 164 5,380 Risk Grades 5 - 6 — 138 — 101 — — — 239 Total 148 138 1,000 1,353 — 2,816 164 5,619 Consumer Risk Grades 1 - 4 6,217 19,199 9,923 2,151 1,461 599 7,178 46,728 Risk Grades 5 - 6 — 50 36 10 24 53 450 623 Risk Grade 7 45 201 344 141 83 41 — 855 Total 6,262 19,450 10,303 2,302 1,568 693 7,628 48,206 Current period gross charge-offs 609 324 1,007 64 26 33 — 2,063 Total Loans Risk Grades 1 - 4 $ 39,712 $ 126,584 $ 662,175 $ 282,202 $ 240,750 $ 312,556 $ 186,036 $ 1,850,015 Risk Grades 5 - 6 1,842 39,516 116,397 22,820 23,186 38,067 19,882 261,710 Risk Grade 7 2,486 2,175 9,070 25,406 5,962 13,842 4,396 63,337 Risk Grade 8 — — — 3,668 727 1 50 4,446 Total $ 44,040 $ 168,275 $ 787,642 $ 334,096 $ 270,625 $ 364,466 $ 210,364 $ 2,179,508 Total current period gross charge-offs $ 682 $ 799 $ 18,323 $ 2,501 $ 156 $ 315 $ 449 $ 23,225 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 Loan Segment	The following table presents an analysis of the change in the ACL by loan segment for the periods stated. As of and for the three months ended As of and for the nine months ended (Dollars in thousands) September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Allowance for credit losses, beginning of period $ 28,036 $ 38,567 $ 35,893 $ 30,740 Impact of ASC 326 adoption — — — 7,418 Charge-offs Commercial and industrial $ ( 6,001 ) $ ( 1,832 ) $ ( 19,940 ) $ ( 9,927 ) Real estate – construction, commercial — — — ( 28 ) Real estate – construction, residential — — ( 39 ) — Real estate – commercial ( 1,109 ) — ( 1,109 ) — Real estate – residential ( 30 ) — ( 74 ) ( 1,255 ) Consumer ( 773 ) ( 749 ) ( 2,063 ) ( 1,699 ) Total charge-offs ( 7,913 ) ( 2,581 ) ( 23,225 ) ( 12,909 ) Recoveries Commercial and industrial $ 11,095 $ 1,596 $ 14,455 $ 2,327 Real estate – construction, commercial — 5 — 15 Real estate – construction, residential — 132 — 132 Real estate – commercial — — — 263 Real estate – residential 60 126 76 145 Consumer 175 186 654 397 Total recoveries 11,330 2,045 15,185 3,279 Net recoveries (charge-offs) 3,417 ( 536 ) ( 8,040 ) ( 9,630 ) Total (recovery of) provision for credit losses - loans ( 6,000 ) 11,600 ( 2,400 ) 21,103 Allowance for credit losses, end of period $ 25,453 $ 49,631 $ 25,453 $ 49,631
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) September 30, 2024 December 31, 2023 Commercial and industrial $ 45,058 $ 67,555 Real estate – construction, commercial 1,839 6,309 Real estate – construction, residential — 2,303 Real estate – commercial 19,448 13,401 Real estate – residential 7,796 7,337 Total collateral-dependent loans $ 74,141 $ 96,905
Summary of Amortized Cost of TLMs	The following tables present the amortized cost of TLMs, categorized by loan type and type of concession granted, for the periods stated. For the three months ended September 30, 2024 For the nine months ended September 30, 2024 (Dollars in thousands) Recorded Investment % of Recorded Investment to Gross Loans by Category Recorded Investment % of Recorded Investment to Gross Loans by Category Term extension and forbearance Commercial and industrial $ 335 0.09 % $ 335 0.09 % Real estate – residential 72 0.01 % 72 0.01 % Real estate – commercial 1,743 0.20 % 1,781 0.20 % Total term extension and forbearance $ 2,150 $ 2,188 Payment deferral 6-9 months Commercial and industrial $ 644 0.17 % $ 1,024 0.27 % Real estate – residential 504 0.07 % 504 0.07 % Real estate – commercial 74 0.01 % 74 0.01 % Consumer loans — — 11 0.02 % Total payment deferral $ 1,222 $ 1,613 Total $ 3,372 $ 3,801 For the three months ended September 30, 2023 For the nine months ended September 30, 2023 (Dollars in thousands) Recorded Investment % of Recorded Investment to Gross Loans by Category Recorded Investment % of Recorded Investment to Gross Loans by Category Term extension and forbearance Commercial and industrial $ 5,806 1.09 % $ 32,750 (1) 6.14 % Real estate – commercial 2,999 0.34 % 6,208 0.71 % Total term extension and forbearance $ 8,805 $ 38,958 Interest-only for 6 months Commercial and industrial $ 297 0.06 % $ 2,982 0.34 % Real estate – commercial — — 244 0.03 % Total interest-only $ 297 $ 3,226 Payment deferral 3-9 months Commercial and industrial $ — — $ 5,806 0.66 % Real estate – commercial — — 2,999 0.34 % Total payment deferral $ — $ 8,805 Total $ 9,102 $ 50,989 (1) A $ 32.8 million specialty finance loan was modified via a forbearance agreement in the second quarter of 2023 under which the borrower defaulted in the same period. The Company received cash payments of $ 4.5 million in the first nine months of 2023 for interest, which were applied to principal as the loan was on nonaccrual status. The following table presents the amortized cost of TLMs that were modified in the preceding twelve months and had a payment default during the periods stated. For the three months ended September 30, 2024 For the nine months ended September 30, 2024 (Dollars in thousands) Amortized Cost % of Amortized Cost to Gross Loans by Category Amortized Cost % of Amortized Cost to Gross Loans by Category Term extension and forbearance Commercial and industrial $ — — $ 350 0.09 % Real estate – construction, residential — — 155 0.36 % Real estate – commercial — — 299 0.03 % Total term extension and forbearance $ — $ 804 Payment deferral 6-9 months Commercial and industrial $ 225 0.06 % $ 569 0.15 % Real estate – commercial 74 0.01 % 74 0.01 % Total payment deferral $ 299 $ 643 Total $ 299 $ 1,447
Summary of Aging Analysis of Amortized Cost of TLMs	The following tables present an aging analysis of the amortized cost of TLMs as of the dates stated. September 30, 2024 (Dollars in thousands) Current 30-89 Greater than Nonaccrual Total Commercial and industrial $ 335 $ — $ — $ 3,238 $ 3,573 Real estate – construction, residential 155 — — — 155 Real estate – residential 196 — — 504 700 Real estate - commercial 1,781 — — 3,074 4,854 Consumer loans — — — 11 11 Total modified loans $ 2,467 $ — $ — $ 6,826 $ 9,293 December 31, 2023 (Dollars in thousands) Current 30-89 Greater than Nonaccrual Total Commercial and industrial $ 1,626 $ — $ — $ 35,486 $ 37,112 Real estate – mortgage, commercial — — — 6,087 6,087 Real estate – mortgage, residential 129 — — 577 706 Real estate – construction, residential 155 — — — 155 Total modified loans $ 1,910 $ — $ — $ 42,150 $ 44,060

Borrowings (Tables)

Borrowings (Tables)	9 Months Ended
	Sep. 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. September 30, 2024 (Dollars in thousands) Balance Origination Date Stated Interest Rate Maturity Date Fixed rate credit (1) $ 40,000 7/29/2024 4.75 % - 4.89 % 7/29/2025 - 1 1/18/2025 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 $ 190,000 (1) Consists of four $ 10 million advances. 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)	9 Months Ended
	Sep. 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. September 30, 2024 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale Mortgage backed securities $ 165,436 $ — $ 165,436 $ — U.S. Treasury and agencies 71,453 — 71,453 — State and municipals 44,529 — 44,529 — Corporate bonds 33,366 — 32,616 750 Total securities available for sale $ 314,784 $ — $ 314,034 $ 750 Other assets Mortgage servicing rights assets $ 19,502 $ — $ — $ 19,502 Rabbi trust assets 593 593 — — Mortgage derivative asset 212 — 212 — Interest rate swap asset 69 — 69 — Other liabilities Interest rate swap liability $ 71 $ — $ 71 $ — 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 —
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 10 Fair value adjustments ( 176 ) Sale proceeds ( 6,568 ) Transfer to other assets ( 731 ) Loss on sale ( 147 ) Balance as of September 30, 2024 $ 19,502
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 previously reported, 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. September 30, 2024 (Dollars in thousands) Total Level 1 Level 2 Level 3 Other equity investments $ 4,525 $ — $ 1,519 $ 3,006 Collateral-dependent loans 21,337 — — 21,337 Loans held for sale 22,082 — 22,082 — Other real estate owned ("OREO") (1) 100 — — 100 (1) Included in other assets on the consolidated balance sheets. 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 September 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 21,337 Selling Costs 7 % - 15 % OREO (1) Discounted sales price technique 100 Selling Costs 7 % (1) Included in other assets on the consolidated balance sheets. (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. September 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 $ 281,698 $ 281,698 $ 281,698 $ — $ — Restricted cash 4,160 4,160 4,160 — — Federal funds sold 2,910 2,910 2,910 — — Securities available for sale 314,784 314,784 — 314,034 750 Restricted equity investments 20,891 20,891 — 20,891 — Other equity investments 4,525 4,525 — 1,519 3,006 Other investments 21,344 21,344 — — 21,344 Loans held for sale 22,082 22,082 — 22,082 — Loans held for investment, net 2,154,960 2,055,614 — — 2,055,614 Accrued interest receivable 13,171 13,171 — 13,171 — Bank owned life insurance 14,953 14,953 — 14,953 — MSR assets 19,502 19,502 — — 19,502 Financial Liabilities Noninterest-bearing demand $ 459,793 $ 459,793 $ 459,793 $ — $ — Interest-bearing demand and money market 748,416 748,416 — 748,416 — Savings 103,820 103,820 — 103,820 — Time 1,034,463 1,040,044 — — 1,040,044 FHLB borrowings 190,000 189,506 — 189,506 — Subordinated notes, net 39,806 38,687 — — 38,687 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)	9 Months Ended
	Sep. 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) September 30, 2024 December 31, 2023 Lease liabilities $ 8,537 $ 9,619 Right-of-use lease asset $ 7,764 $ 8,738 Weighted average remaining lease term (years) 6.97 7.14 Weighted average discount rate 3.42 % 3.25 % For the three months ended September 30, For the nine months ended September 30, (Dollars in thousands) 2024 2023 2024 2023 Operating lease cost $ 420 $ 672 $ 1,333 $ 1,913 Cash paid for amounts included in the measurement of lease liabilities 411 628 1,278 1,773
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) September 30, 2024 Three months ending December 31, 2024 $ 392 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 9,699 Discount ( 1,162 ) Lease liabilities $ 8,537

Minimum Regulatory Capital Re_2

Minimum Regulatory Capital Requirements (Tables)	9 Months Ended
	Sep. 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 adequately and well capitalized, as well as the capital and capital ratios for the Bank as of the dates stated. Adequately capitalized ratios include the conservation buffer, if applicable. The following table also includes the capital adequacy ratios to which bank holding companies are subject. On January 1, 2024, the Company became subject to these ratios. 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 September 30, 2024 and December 31, 2023, respectively. September 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. $ 367,736 16.64 % $ 232,080 10.50 % $ 221,028 10.00 % $ 287,337 13.00 % Blue Ridge Bankshares, Inc. $ 427,441 19.26 % $ 177,546 8.00 % n/a n/a n/a n/a Tier 1 capital (to risk-weighted assets) Blue Ridge Bank, N.A. $ 346,545 15.68 % $ 187,875 8.50 % $ 176,823 8.00 % n/a n/a Blue Ridge Bankshares, Inc. $ 345,839 15.58 % $ 133,186 6.00 % n/a n/a n/a n/a Common equity tier 1 capital (to risk-weighted assets) Blue Ridge Bank, N.A. $ 346,545 15.68 % $ 154,720 7.00 % $ 143,669 6.50 % n/a n/a Blue Ridge Bankshares, Inc. $ 345,839 15.58 % $ 99,889 4.50 % n/a n/a n/a n/a Tier 1 leverage (to average assets) Blue Ridge Bank, N.A. $ 346,545 11.56 % $ 119,912 4.00 % $ 149,890 5.00 % $ 299,779 10.00 % Blue Ridge Bankshares, Inc. $ 345,839 11.46 % $ 120,712 4.00 % n/a n/a n/a n/a 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)	9 Months Ended
	Sep. 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 2023 periods presented and for the nine months ended September 30, 2024, 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 September 30, 2024 , stock options of 29,741 shares and PSAs of 171,752 shares of the Company's common stock were not included in the computation of diluted earnings per share because their effects would have been anti-dilutive. For the three months ended For the nine months ended (Dollars in thousands, except per share data) September 30, 2024 September 30, 2023 September 30, 2024 September 30, 2023 Net income (loss) $ 946 $ ( 41,371 ) $ ( 13,382 ) $ ( 46,014 ) Weighted average common shares outstanding, basic 73,366,140 19,014,883 39,132,557 18,907,921 Effect of dilutive securities (1) 13,720,237 — — — Weighted average common shares outstanding, dilutive 87,086,377 19,014,883 39,132,557 18,907,921 Basic and diluted earnings (loss) per share $ 0.01 $ ( 2.18 ) $ ( 0.34 ) $ ( 2.43 ) (1) Components of dilutive securities PSAs 1,805 — — — Preferred stock 10,928,000 — — — Warrants 2,790,432 — — — Total dilutive weighted average securities 13,720,237 — — —

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 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 September 30, 2024 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 38,803 $ 422 $ — $ — $ 39,225 Interest expense 19,385 174 565 — 20,124 Net interest income 19,418 248 ( 565 ) — 19,101 Recovery of credit losses ( 6,200 ) — — — ( 6,200 ) Net interest income after recovery of credit losses 25,618 248 ( 565 ) — 25,301 NONINTEREST INCOME Fair value adjustments of other equity investments — — 160 — 160 Residential mortgage banking income — 2,939 — — 2,939 Mortgage servicing rights — ( 2,915 ) — — ( 2,915 ) Loss on sale of mortgage servicing rights — ( 1,011 ) — — ( 1,011 ) Other income 3,660 — 2 ( 96 ) 3,566 Total noninterest income 3,660 ( 987 ) 162 ( 96 ) 2,739 NONINTEREST EXPENSE Salaries and employee benefits 12,554 1,365 19 — 13,938 Regulatory remediation 357 — — — 357 Other expenses 10,737 1,140 419 ( 96 ) 12,200 Total noninterest expense 23,648 2,505 438 ( 96 ) 26,495 Income (loss) before income tax expense 5,630 ( 3,244 ) ( 841 ) — 1,545 Income tax expense (benefit) 1,523 ( 751 ) ( 173 ) — 599 Net income (loss) $ 4,107 $ ( 2,493 ) $ ( 668 ) $ — $ 946 Total assets as of September 30, 2024 $ 2,900,927 $ 33,519 $ 377,806 $ ( 367,561 ) $ 2,944,691 As of and for the three months ended September 30, 2023 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 41,699 $ 777 $ 9 $ — $ 42,485 Interest expense 18,766 408 1,119 — 20,293 Net interest income 22,933 369 ( 1,110 ) — 22,192 Provision for credit losses 11,050 — — — 11,050 Net interest income after provision for credit losses 11,883 369 ( 1,110 ) — 11,142 NONINTEREST INCOME Fair value adjustments of other equity investments — — 55 — 55 Residential mortgage banking income — 2,917 — — 2,917 Mortgage servicing rights — 894 — — 894 Other income 3,523 — 125 ( 99 ) 3,549 Total noninterest income 3,523 3,811 180 ( 99 ) 7,415 NONINTEREST EXPENSE Salaries and employee benefits 10,136 4,504 — — 14,640 Regulatory remediation 3,782 — — — 3,782 Goodwill impairment 26,826 — — — 26,826 ESOP litigation — — 6,000 — 6,000 Other expenses 9,047 2,834 1,591 ( 99 ) 13,373 Total noninterest expense 49,791 7,338 7,591 ( 99 ) 64,621 Loss before income tax expense ( 34,385 ) ( 3,158 ) ( 8,521 ) — ( 46,064 ) Income tax benefit ( 2,446 ) ( 446 ) ( 1,801 ) — ( 4,693 ) Net loss $ ( 31,939 ) $ ( 2,712 ) $ ( 6,720 ) $ — $ ( 41,371 ) Total assets as of September 30, 2023 $ 3,183,121 $ 46,959 $ 230,999 $ ( 198,366 ) $ 3,262,713 As of and for the nine months ended September 30, 2024 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 121,181 $ 1,206 $ — $ — $ 122,387 Interest expense 60,635 539 1,677 — 62,851 Net interest income 60,546 667 ( 1,677 ) — 59,536 Recovery of credit losses ( 4,100 ) — — — ( 4,100 ) Net interest income after recovery of credit losses 64,646 667 ( 1,677 ) — 63,636 NONINTEREST INCOME Fair value adjustments of other equity investments — — ( 8,384 ) — ( 8,384 ) Residential mortgage banking income — 8,693 — — 8,693 Mortgage servicing rights — ( 166 ) — — ( 166 ) Loss on sale of mortgage servicing rights — ( 1,011 ) — — ( 1,011 ) Other income 12,009 — 19 ( 288 ) 11,740 Total noninterest income 12,009 7,516 ( 8,365 ) ( 288 ) 10,872 NONINTEREST EXPENSE Salaries and employee benefits 40,307 4,548 63 — 44,918 Regulatory remediation 4,398 — — — 4,398 Other expenses 34,870 3,535 881 ( 288 ) 38,998 Total noninterest expense 79,575 8,083 944 ( 288 ) 88,314 (Loss) income before income tax expense ( 2,920 ) 100 ( 10,986 ) — ( 13,806 ) Income tax expense (benefit) 1,960 ( 90 ) ( 2,294 ) — ( 424 ) Net (loss) income $ ( 4,880 ) $ 190 $ ( 8,692 ) $ — $ ( 13,382 ) Total assets as of September 30, 2024 $ 2,900,927 $ 33,519 $ 377,806 $ ( 367,561 ) $ 2,944,691 As of and for the nine months ended September 30, 2023 (Dollars in thousands) Commercial Banking Mortgage Banking Parent Only Eliminations Blue Ridge NET INTEREST INCOME Interest income $ 124,629 $ 1,192 $ 14 $ — $ 125,835 Interest expense 52,313 578 1,666 — 54,557 Net interest income 72,316 614 ( 1,652 ) — 71,278 Provision for credit losses 19,553 — — — 19,553 Net interest income after provision for credit losses 52,763 614 ( 1,652 ) — 51,725 NONINTEREST INCOME Fair value adjustments of other equity investments — — ( 277 ) — ( 277 ) Residential mortgage banking income — 9,261 — — 9,261 Mortgage servicing rights — 148 — — 148 Other income 15,380 — 120 ( 198 ) 15,302 Total noninterest income 15,380 9,409 ( 157 ) ( 198 ) 24,434 NONINTEREST EXPENSE Salaries and employee benefits 37,658 6,789 — — 44,447 Regulatory remediation 7,304 — — — 7,304 Goodwill impairment 26,826 — — — 26,826 ESOP litigation — — 6,000 — 6,000 Other expenses 35,000 4,226 3,915 ( 198 ) 42,943 Total noninterest expense 106,788 11,015 9,915 ( 198 ) 127,520 Loss before income tax expense ( 38,645 ) ( 992 ) ( 11,724 ) — ( 51,361 ) Income tax benefit ( 2,473 ) ( 412 ) ( 2,462 ) — ( 5,347 ) Net loss $ ( 36,172 ) $ ( 580 ) $ ( 9,262 ) $ — $ ( 46,014 ) Total assets as of September 30, 2023 $ 3,183,121 $ 46,959 $ 230,999 $ ( 198,366 ) $ 3,262,713

Changes to Accumulated Other _2

Changes to Accumulated Other Comprehensive (Loss) Gain, net (Tables)	9 Months Ended
	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Components of Accumulated Other Comprehensive (Loss) Gain	The following tables present components of accumulated other comprehensive (loss) gain for the periods stated. For the three months ended September 30, 2024 (Dollars in thousands) Net Unrealized (Losses) Gains on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Accumulated Other Comprehensive (Loss) Gain, net Balance as of July 1, 2024 $ ( 44,908 ) $ 425 $ ( 44,483 ) Change in net unrealized holding gains on securities available for sale, net of deferred tax expense of $ 2,803 10,000 — 10,000 Balance as of September 30, 2024 $ ( 34,908 ) $ 425 $ ( 34,483 ) For the nine months ended September 30, 2024 (Dollars in thousands) Net Unrealized (Losses) Gains on Available for Sale Securities Transfer of Securities Held to Maturity to Available For Sale Accumulated Other Comprehensive (Loss) Gain, 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 $ 3,293 10,521 — 10,521 Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit of $ 15 52 — 52 Balance as of September 30, 2024 $ ( 34,908 ) $ 425 $ ( 34,483 ) For the three months ended September 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 July 1, 2023 $ ( 46,682 ) $ 425 $ ( 1 ) $ ( 46,258 ) Change in net unrealized holding losses on securities available for sale, net of deferred tax benefit of $ 2,309 ( 8,022 ) — — ( 8,022 ) Reclassification for previously unrealized net losses recognized in net income, net of income tax benefit of $ 145 504 — — 504 Balance as of September 30, 2023 $ ( 54,200 ) $ 425 $ ( 1 ) $ ( 53,776 ) For the nine months ended September 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 $ 2,642 ( 9,179 ) — — ( 9,179 ) Reclassification for previously unrealized net losses recognized in net income, net of income tax benefit of $ 145 504 — — 504 Balance as of September 30, 2023 $ ( 54,200 ) $ 425 $ ( 1 ) $ ( 53,776 )

Subsequent Events (Tables)

Subsequent Events (Tables)	9 Months Ended
	Sep. 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 adequately and well capitalized, as well as the capital and capital ratios for the Bank as of the dates stated. Adequately capitalized ratios include the conservation buffer, if applicable. The following table also includes the capital adequacy ratios to which bank holding companies are subject. On January 1, 2024, the Company became subject to these ratios. 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 September 30, 2024 and December 31, 2023, respectively. September 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. $ 367,736 16.64 % $ 232,080 10.50 % $ 221,028 10.00 % $ 287,337 13.00 % Blue Ridge Bankshares, Inc. $ 427,441 19.26 % $ 177,546 8.00 % n/a n/a n/a n/a Tier 1 capital (to risk-weighted assets) Blue Ridge Bank, N.A. $ 346,545 15.68 % $ 187,875 8.50 % $ 176,823 8.00 % n/a n/a Blue Ridge Bankshares, Inc. $ 345,839 15.58 % $ 133,186 6.00 % n/a n/a n/a n/a Common equity tier 1 capital (to risk-weighted assets) Blue Ridge Bank, N.A. $ 346,545 15.68 % $ 154,720 7.00 % $ 143,669 6.50 % n/a n/a Blue Ridge Bankshares, Inc. $ 345,839 15.58 % $ 99,889 4.50 % n/a n/a n/a n/a Tier 1 leverage (to average assets) Blue Ridge Bank, N.A. $ 346,545 11.56 % $ 119,912 4.00 % $ 149,890 5.00 % $ 299,779 10.00 % Blue Ridge Bankshares, Inc. $ 345,839 11.46 % $ 120,712 4.00 % n/a n/a n/a n/a 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)	Sep. 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			9 Months Ended
	Jun. 13, 2024 shares	Apr. 03, 2024 shares	Sep. 30, 2024 USD ($) $ / shares shares	Sep. 30, 2023 USD ($)	Dec. 31, 2023 $ / shares
Subsidiary, Sale of Stock [Line Items]
Preferred Stock Stated Value PerShare | $ / shares			$ 50		$ 50
Leverage ratio			0.10
Capital ratio			0.13
Proceeds from Private Placement | $			$ 152,148	$ 0
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 | $			$ 152,100
Preferred Stock Stated Value PerShare | $ / shares			$ 10,000
Convertible Preferred Stock, Shares Issued upon Conversion			4,000
Warrants outstanding			26,195,999
Warrants term			5 years
Warrants expiration			Apr. 03, 2029
Private Placement [Member] | Series B Preferred Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Issuance of warrants			6,549
Warrants outstanding			21,635,999
Warrants exercise price | $ / shares			$ 2.5
Private Placement [Member] | Series C Preferred Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Issuance of warrants			1,441
Warrants outstanding			4,560,000
Warrants exercise price | $ / shares			$ 2.39

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]	9 Months Ended
	Sep. 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]	Sep. 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	$ 2.39	$ 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	Sep. 30, 2024	Dec. 31, 2023
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Securities available for sale, at fair value	$ 314,784	$ 321,081	[1]
Investment securities, Amortized Cost	359,476	379,654
Investment securities, Gross Unrealized Gains	1	12
Investment securities, Gross Unrealized Losses	(44,693)	(58,585)
Investment securities, Fair Value	314,784	321,081
Mortgage Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	192,870	212,214
Available for sale, Gross Unrealized Losses	(27,434)	(35,244)
Securities available for sale, at fair value	165,436	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	79,428	79,856
Available for sale, Gross Unrealized Losses	(7,975)	(10,985)
Securities available for sale, at fair value	71,453	68,871
State and Municipal [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	50,295	50,682
Available for sale, Gross Unrealized Gains	1
Available for sale, Gross Unrealized Losses	(5,767)	(7,357)
Securities available for sale, at fair value	44,529	43,325
Corporate Bonds [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	36,883	36,902
Available for sale, Gross Unrealized Gains		12
Available for sale, Gross Unrealized Losses	(3,517)	(4,999)
Securities available for sale, at fair value	$ 33,366	$ 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	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Schedule Of Investments [Line Items]
Federal home loan bank stock		$ 11,300	$ 12,300
Federal reserve bank stock		9,200	5,900
Correspondent bank stock		468	468
Other equity investments		4,500	12,900
Securities available for sale, at fair value		314,784	321,081	[1]
Other Investments, Total		21,344	29,467	[1]
Sale of investment securities		6,400
Realized loss on investment		(69)
Impairment charge		8,500
Bank Term Funding Program Borrowings [Member] | Collateralized Securities [Member]
Schedule Of Investments [Line Items]
Repaid principal amount	$ 65,000
Asset Pledged as Collateral without Right [Member] | FHLB [Member]
Schedule Of Investments [Line Items]
Securities pledged		$ 273,000	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	Sep. 30, 2024 USD ($)
Schedule of Investments [Abstract]
Debt Securities Available for Sale, Amortized Cost, Due in one year or less	$ 2,043
Debt Securities Available for Sale, Amortized Cost, Due after one year through five years	49,212
Debt Securities Available for Sale, Amortized Cost, Due after five years through ten years	116,115
Debt Securities Available for Sale, Amortized Cost, Due after ten years	192,106
Total	359,476
Debt Securities Available for Sale, Fair Value, Due in one year or less	2,031
Debt Securities Available for Sale, Fair Value, Due after one year through five years	46,239
Debt Securities Available for Sale, Fair Value, Due after five years through ten years	102,976
Debt Securities Available for Sale, Fair Value, Due after ten years	163,538
Total	$ 314,784

Investment Securities and Oth_6

Investment Securities and Other Investments - Summary of Unrealized Losses (Detail) $ in Thousands	Sep. 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	212	219
Available-for-sale Securities, Fair Value, Less Than 12 Months	$ 2,539	$ 15,785
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(41)	(885)
Available-for-sale Securities, Fair Value, 12 Months or Greater	309,246	300,674
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(44,652)	(57,700)
Fair Value, Total	311,785	316,459
Unrealized Losses, Total	$ (44,693)	$ (58,585)
State and Municipal [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of Securities | Security	64	65
Available-for-sale Securities, Fair Value, Less Than 12 Months	$ 330	$ 536
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(1)	(9)
Available-for-sale Securities, Fair Value, 12 Months or Greater	41,953	41,118
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(5,766)	(7,348)
Fair Value, Total	42,283	41,654
Unrealized Losses, Total	$ (5,767)	$ (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	$ 0	$ 283
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	0	(1)
Available-for-sale Securities, Fair Value, 12 Months or Greater	71,452	68,399
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(7,975)	(10,984)
Fair Value, Total	71,452	68,682
Unrealized Losses, Total	$ (7,975)	$ (10,985)
Mortgage Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Number of Securities | Security	79	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	$ 165,434	169,474
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(27,434)	(35,199)
Fair Value, Total	165,434	176,971
Unrealized Losses, Total	$ (27,434)	$ (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	$ 2,209	$ 7,469
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(40)	(830)
Available-for-sale Securities, Fair Value, 12 Months or Greater	30,407	21,683
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(3,477)	(4,169)
Fair Value, Total	32,616	29,152
Unrealized Losses, Total	$ (3,517)	$ (4,999)

Loans and ACL - Summary of Amor

Loans and ACL - Summary of Amortized Cost of Loans Held for Investment (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 2,179,508	$ 2,430,117
Deferred costs, net of loan fees	905	830
Total	2,180,413	2,430,947
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	378,922	508,944
Construction, commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	116,276	180,052
Construction, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	43,322	75,832
Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	873,721	870,540
Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	713,442	730,110
Farmland [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	5,619	5,470
Consumer [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 48,206	$ 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	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Days past due	$ 2,179,508	$ 2,430,117
Nonaccrual	28,349	60,026
Gross loans	2,179,508	2,430,117
Deferred costs, net of loan fees	905	830
Total	2,180,413	2,430,947
Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	28,349	60,026
Nonaccrual loans with no allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	2,496	4,088
Non accrual loans with an allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	25,853	55,938
30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total	9,071	14,282
60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Total	1,930	1,913
Greater than 90 Days Past Due & Accruing [Member]
Financing Receivable, Past Due [Line Items]
Total	3,725	3,037
Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	2,137,338	2,351,689
Deferred costs, net of loan fees	905	830
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Days past due	378,922	508,944
Nonaccrual	11,470	39,429
Gross loans	378,922	508,944
Commercial and Industrial [Member] | Nonaccrual loans with no allowance
Financing Receivable, Past Due [Line Items]
Nonaccrual	11,470	1,487
Commercial and Industrial [Member] | Non accrual loans with an allowance
Financing Receivable, Past Due [Line Items]
Nonaccrual		37,942
Commercial and Industrial [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	1,640	2,235
Gross loans	1,640	2,235
Commercial and Industrial [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	1,253	632
Gross loans	1,253	632
Commercial and Industrial [Member] | Greater than 90 Days Past Due & Accruing [Member]
Financing Receivable, Past Due [Line Items]
Days past due	3,142	1,709
Gross loans	3,142	1,709
Commercial and Industrial [Member] | Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	361,417	464,939
Construction, commercial [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	116,276	180,052
Nonaccrual	313	383
Gross loans	116,276	180,052
Construction, commercial [Member] | Non accrual loans with an allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	313	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] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	115,963	177,653
Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	43,322	75,832
Gross loans	43,322	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	43,322	75,309
Commercial [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	873,721	870,540
Nonaccrual	7,329	11,880
Gross loans	873,721	870,540
Commercial [Member] | Nonaccrual loans with no allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual		2,024
Commercial [Member] | Non accrual loans with an allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	7,329	9,856
Commercial [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	4,252	2,109
Gross loans	4,252	2,109
Commercial [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due		714
Gross loans		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	862,140	855,263
Residential [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	713,442	730,110
Nonaccrual	8,589	7,580
Gross loans	713,442	730,110
Residential [Member] | Nonaccrual loans with no allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	2,496	577
Residential [Member] | Non accrual loans with an allowance | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	6,093	7,003
Residential [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	1,237	5,101
Gross loans	1,237	5,101
Residential [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	77	288
Gross loans	77	288
Residential [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	703,539	717,141
Farmland [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	5,619	5,470
Gross loans	5,619	5,470
Farmland [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	5,619	5,470
Consumer [Member]
Financing Receivable, Past Due [Line Items]
Days past due	48,206	59,169
Nonaccrual	648	754
Gross loans	48,206	59,169
Consumer [Member] | Non accrual loans with an allowance
Financing Receivable, Past Due [Line Items]
Nonaccrual	648	754
Consumer [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due		2,298
Gross loans		2,298
Consumer [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	1,942
Gross loans	1,942
Consumer [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	600	279
Gross loans	600	279
Consumer [Member] | Greater than 90 Days Past Due & Accruing [Member]
Financing Receivable, Past Due [Line Items]
Days past due	583	754
Gross loans	583	754
Consumer [Member] | Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Financing Receivable Recorded Investments Current	$ 44,433	$ 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	$ 334	$ 158	$ 730	$ 685
Commercial and Industrial [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	165	34	381	302
Consumer [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	5	6	10	15
Real Estate [Member] | Construction, commercial [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	35	42	60	42
Real Estate [Member] | Construction, Residential [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	0	11	0	26
Real Estate [Member] | Commercial [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	77	53	175	251
Real Estate [Member] | Residential [Member]
Financing Receivable, Nonaccrual [Line Items]
Accrued interest receivable reversed through income	$ 52	$ 12	$ 104	$ 49

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	9 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
2024	$ 44,040	$ 196,370
2023	168,275	863,939
2022	787,642	357,834
2021	334,096	292,593
2020	270,625	105,787
Prior	364,466	334,975
Revolving Loans	210,364	278,619
Total	2,179,508	2,430,117
Current period gross charge-offs	23,225
Current period gross charge-offs 2024	682
Current period gross charge-offs 2023	799
Current period gross charge-offs 2022	18,323
Current period gross charge-offs 2021	2,501
Current period gross charge-offs 2020	156
Current period gross charge-offs prior	315
Current period gross charge-offs revolving	449
Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	10,669	42,393
2023	36,271	189,770
2022	127,343	51,209
2021	41,064	32,563
2020	26,136	9,579
Prior	19,357	16,250
Revolving Loans	118,082	167,180
Total	378,922	508,944
Current period gross charge-offs	19,940
Current period gross charge-offs 2024	73
Current period gross charge-offs 2023	475
Current period gross charge-offs 2022	16,213
Current period gross charge-offs 2021	2,437
Current period gross charge-offs 2020	130
Current period gross charge-offs prior	165
Current period gross charge-offs revolving	447
Construction, commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	6,071	12,865
2023	8,215	96,805
2022	65,296	34,144
2021	16,226	14,983
2020	10,480	6,358
Prior	9,589	6,703
Revolving Loans	399	8,194
Total	116,276	180,052
Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	12,746	33,464
2023	11,876	26,611
2022	6,723	3,867
2021	11,917	226
2020	0	941
Prior	60	67
Revolving Loans	0	10,656
Total	43,322	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	6,904	17,835
2023	22,723	305,554
2022	339,940	138,497
2021	140,992	169,033
2020	163,912	55,258
Prior	173,920	159,817
Revolving Loans	25,330	24,546
Total	873,721	870,540
Current period gross charge-offs	1,109
Current period gross charge-offs 2022	1,103
Current period gross charge-offs prior	6
Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,240	63,056
2023	69,602	229,954
2022	237,037	124,995
2021	120,242	72,921
2020	68,529	30,942
Prior	158,031	149,575
Revolving Loans	58,761	58,667
Total	713,442	730,110
Current period gross charge-offs	74
Current period gross charge-offs prior	72
Current period gross charge-offs revolving	2
Farmland [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	148	147
2023	138	729
2022	1,000	1,397
2021	1,353
2020	0	1,520
Prior	2,816	1,562
Revolving Loans	164	115
Total	5,619	5,470
Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	6,262	26,610
2023	19,450	14,516
2022	10,303	3,725
2021	2,302	2,867
2020	1,568	1,189
Prior	693	1,001
Revolving Loans	7,628	9,261
Total	48,206	59,169
Current period gross charge-offs	2,063
Current period gross charge-offs 2024	609
Current period gross charge-offs 2023	324
Current period gross charge-offs 2022	1,007
Current period gross charge-offs 2021	64
Current period gross charge-offs 2020	26
Current period gross charge-offs prior	33
Risk Grades 1 - 4
Financing Receivable, Credit Quality Indicator [Line Items]
2024	39,712	148,222
2023	126,584	736,510
2022	662,175	317,608
2021	282,202	256,565
2020	240,750	88,076
Prior	312,556	278,644
Revolving Loans	186,036	237,830
Total	1,850,015	2,063,455
Risk Grades 1 - 4 | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	9,046	15,830
2023	9,673	114,291
2022	84,473	32,273
2021	16,702	25,429
2020	19,368	8,217
Prior	17,087	14,200
Revolving Loans	102,357	138,267
Total	258,706	348,507
Risk Grades 1 - 4 | Construction, commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	6,071	8,533
2023	7,005	85,687
2022	63,471	33,344
2021	15,166	14,690
2020	10,480	6,358
Prior	5,615	5,589
Revolving Loans	399	4,367
Total	108,207	158,568
Risk Grades 1 - 4 | Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	12,491	31,611
2023	11,772	22,734
2022	3,563	3,867
2021	11,917	59
2020		741
Prior	60	67
Revolving Loans		10,656
Total	39,803	69,735
Risk Grades 1 - 4 | Commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	4,799	14,671
2023	22,723	280,479
2022	274,021	121,257
2021	120,168	144,498
2020	144,931	42,226
Prior	142,903	123,774
Revolving Loans	20,621	20,332
Total	730,166	747,237
Risk Grades 1 - 4 | Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	940	51,042
2023	56,212	218,375
2022	225,724	121,872
2021	114,846	69,165
2020	64,510	27,877
Prior	143,476	132,986
Revolving Loans	55,317	55,327
Total	661,025	676,644
Risk Grades 1 - 4 | Farmland [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	148
2023		729
2022	1,000	1,397
2021	1,252
2020		1,520
Prior	2,816	1,562
Revolving Loans	164	115
Total	5,380	5,323
Risk Grades 1 - 4 | Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	6,217	26,535
2023	19,199	14,215
2022	9,923	3,598
2021	2,151	2,724
2020	1,461	1,137
Prior	599	466
Revolving Loans	7,178	8,766
Total	46,728	57,441
Risk Grades 5 - 6
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,842	47,325
2023	39,516	88,599
2022	116,397	23,246
2021	22,820	28,318
2020	23,186	16,070
Prior	38,067	37,767
Revolving Loans	19,882	31,513
Total	261,710	272,838
Risk Grades 5 - 6 | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	752	26,563
2023	25,585	40,399
2022	38,620	12,759
2021	11,558	6,305
2020	5,621	819
Prior	893	1,537
Revolving Loans	13,974	19,722
Total	97,003	108,104
Risk Grades 5 - 6 | Construction, commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		4,213
2023	1,094	11,072
2022	102	760
2021	1,034	293
Prior	3,620	738
Revolving Loans		3,827
Total	5,850	20,903
Risk Grades 5 - 6 | Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	255	1,486
2023		2,672
2022	3,005
2021		167
2020		200
Total	3,260	4,525
Risk Grades 5 - 6 | Commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	535	2,841
2023		25,075
2022	65,919	9,038
2021	7,042	19,597
2020	15,291	12,921
Prior	24,264	27,778
Revolving Loans	4,184	4,214
Total	117,235	101,464
Risk Grades 5 - 6 | Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	300	12,014
2023	12,649	9,339
2022	8,715	677
2021	3,075	1,944
2020	2,250	2,122
Prior	9,237	7,281
Revolving Loans	1,274	3,255
Total	37,500	36,632
Risk Grades 5 - 6 | Farmland [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		147
2023	138
2021	101
Total	239	147
Risk Grades 5 - 6 | Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		61
2023	50	42
2022	36	12
2021	10	12
2020	24	8
Prior	53	433
Revolving Loans	450	495
Total	623	1,063
Risk Grade 7
Financing Receivable, Credit Quality Indicator [Line Items]
2024	2,486	823
2023	2,175	4,627
2022	9,070	14,426
2021	25,406	7,710
2020	5,962	1,641
Prior	13,842	18,184
Revolving Loans	4,396	9,276
Total	63,337	56,687
Risk Grade 7 | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	871
2023	1,013	877
2022	4,250	3,623
2021	10,515	829
2020	420	543
Prior	1,376	134
Revolving Loans	1,701	9,191
Total	20,146	15,197
Risk Grade 7 | Construction, commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		119
2023	116	46
2022	1,723	40
2021	26
Prior	354	376
Total	2,219	581
Risk Grade 7 | Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024		367
2023	104	1,205
2022	155
Total	259	1,572
Risk Grade 7 | Commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	1,570	323
2022		8,202
2021	12,403	4,938
2020	3,690	111
Prior	6,753	8,265
Revolving Loans	525
Total	24,941	21,839
Risk Grade 7 | Residential [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2023	741	2,240
2022	2,598	2,446
2021	2,321	1,812
2020	1,769	943
Prior	5,318	9,307
Revolving Loans	2,170	85
Total	14,917	16,833
Risk Grade 7 | Consumer [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	45	14
2023	201	259
2022	344	115
2021	141	131
2020	83	44
Prior	41	102
Total	855	665
Risk Grade 8
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0
2023		34,203
2022		2,554
2021	3,668
2020	727
Prior	1	380
Revolving Loans	50
Total	4,446	37,137
Risk Grade 8 | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2024	0
2023		34,203
2022		2,554
2021	2,289
2020	727
Prior	1	379
Revolving Loans	50
Total	3,067	37,136
Risk Grade 8 | Commercial [Member] | Real Estate [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
2021	1,379
Total	$ 1,379
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 Loan Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023
Financing Receivable Impaired [Line Items]
Allowance for credit losses, beginning of period	$ 28,036	$ 38,567	$ 35,893	[1]	$ 30,740
Total Charge-offs	(7,913)	(2,581)	(23,225)		(12,909)
Total recoveries	11,330	2,045	15,185		3,279
Net recoveries (charge-offs)	3,417	(536)	(8,040)		(9,630)
(Recovery of) provision for credit losses - loans	(6,000)	11,600	(2,400)		21,103
Allowance for credit losses, end of period	25,453	49,631	25,453		49,631
Commercial and Industrial [Member]
Financing Receivable Impaired [Line Items]
Total Charge-offs	(6,001)	(1,832)	(19,940)		(9,927)
Total recoveries	11,095	1,596	14,455		2,327
Construction, commercial [Member] | Real Estate [Member]
Financing Receivable Impaired [Line Items]
Total Charge-offs	0	0	0		(28)
Total recoveries	0	5	0		15
Construction, Residential [Member] | Real Estate [Member]
Financing Receivable Impaired [Line Items]
Total Charge-offs	0	0	(39)		0
Total recoveries	0	132	0		132
Commercial [Member] | Real Estate [Member]
Financing Receivable Impaired [Line Items]
Total Charge-offs	(1,109)	0	(1,109)		0
Total recoveries	0	0	0		263
Residential [Member] | Real Estate [Member]
Financing Receivable Impaired [Line Items]
Total Charge-offs	(30)	0	(74)		(1,255)
Total recoveries	60	126	76		145
Consumer [Member]
Financing Receivable Impaired [Line Items]
Total Charge-offs	(773)	(749)	(2,063)		(1,699)
Total recoveries	175	186	654		397
Impact of ASC 326 Adoption [Member]
Financing Receivable Impaired [Line Items]
Allowance for credit losses, beginning of period	$ 0	$ 0	$ 0		$ 7,418
[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	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Amortized cost of collateral dependent loans	$ 74,141	$ 96,905
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Amortized cost of collateral dependent loans	45,058	67,555
Real Estate [Member] | Construction, commercial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Amortized cost of collateral dependent loans	1,839	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	19,448	13,401
Real Estate [Member] | Residential [Member]
Loans and Leases Receivable Disclosure [Line Items]
Amortized cost of collateral dependent loans	$ 7,796	$ 7,337

Loans and ACL - Summary of Am_4

Loans and ACL - Summary of Amortized Cost of TLMs (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 3,372	$ 9,102		$ 3,801	$ 50,989
Term Extension and Forbearance	0			804
Payment Deferral	299			643
Total	299			1,447
Term extension and Forbearance [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 2,150	8,805		2,188	38,958
Amortized Cost of Modified Loans to Gross Loans by Category	0%
Payment Deferral [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 1,222	0		1,613	8,805
Interest-only [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment		297			3,226
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Term Extension and Forbearance	0		$ 0	350
Payment Deferral	225			569
Commercial and Industrial [Member] | Term extension and Forbearance [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 335	$ 5,806	$ 32,800	$ 335	$ 32,750
Recorded Investment of Modified Loans to Gross Loans by Category	0.09%	1.09%		0.09%	6.14%
Amortized Cost of Modified Loans to Gross Loans by Category				0.09%
Commercial and Industrial [Member] | Payment Deferral [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 644	$ 0		$ 1,024	$ 5,806
Recorded Investment of Modified Loans to Gross Loans by Category	0.17%	0%		0.27%	0.66%
Amortized Cost of Modified Loans to Gross Loans by Category	0.06%			0.15%
Commercial and Industrial [Member] | Interest-only [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment		$ 297			$ 2,982
Recorded Investment of Modified Loans to Gross Loans by Category		0.06%			0.34%
Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Term Extension and Forbearance	$ 0			$ 299
Payment Deferral	$ 74			74
Amortized Cost of Modified Loans to Gross Loans by Category	0%
Commercial [Member] | Term extension and Forbearance [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 1,743	$ 2,999		$ 1,781	$ 6,208
Recorded Investment of Modified Loans to Gross Loans by Category	0.20%	0.34%		0.20%	0.71%
Amortized Cost of Modified Loans to Gross Loans by Category				0.03%
Commercial [Member] | Payment Deferral [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 74	$ 0		$ 74	$ 2,999
Recorded Investment of Modified Loans to Gross Loans by Category	0.01%	0%		0.01%	0.34%
Amortized Cost of Modified Loans to Gross Loans by Category	0.01%			0.01%
Commercial [Member] | Interest-only [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment		$ 0			$ 244
Recorded Investment of Modified Loans to Gross Loans by Category		0%			0.03%
Residential [Member] | Term extension and Forbearance [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 72			$ 72
Recorded Investment of Modified Loans to Gross Loans by Category	0.01%			0.01%
Residential [Member] | Payment Deferral [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 504			$ 504
Recorded Investment of Modified Loans to Gross Loans by Category	0.07%			0.07%
Construction, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Term Extension and Forbearance	$ 0			$ 155
Amortized Cost of Modified Loans to Gross Loans by Category	0%
Construction, Residential [Member] | Term extension and Forbearance [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Amortized Cost of Modified Loans to Gross Loans by Category				0.36%
Consumer loans [Member] | Payment Deferral [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recorded Investment	$ 0			$ 11
Recorded Investment of Modified Loans to Gross Loans by Category	0%			0.02%

Loans and ACL - Summary of Am_5

Loans and ACL - Summary of Amortized Cost of TLMs (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	$ 3,372	$ 9,102		$ 3,801	$ 50,989
Cash payments received					4,500
Extended Maturity and Principal Forgiveness [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	2,150	8,805		2,188	38,958
Commercial and Industrial [Member] | Extended Maturity and Principal Forgiveness [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	$ 335	$ 5,806	$ 32,800	$ 335	$ 32,750

Loans and ACL - Additional Info

Loans and ACL - Additional Information (Detail)	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Sep. 30, 2024 USD ($) Loan	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Interest income from nonaccrual loans	$ 275,000	$ 0		$ 463,000	$ 89,000
Current period net charge-offs	7,913,000	2,581,000		23,225,000	12,909,000
Accrued interest excluded from ACL	11,100,000			11,100,000		$ 13,200,000
Loans pledged	2,179,508,000			2,179,508,000		2,430,117,000
Modified term extension and forbearance amortized cost	0			804,000
Financing Receivable, Modified in Period, Amount	3,372,000	9,102,000		3,801,000	50,989,000
Recovery of credit losses	11,330,000	2,045,000		15,185,000	3,279,000
Recorded investment of PCD Loans				48,500,000		51,000,000
Recorded investment, estimated allowance for credit loss				463,000		529,000
Recorded investment, PCD Discount (Premium)				$ 3,000,000		3,800,000
Number of residential mortgage loans in the process of foreclosure | Loan				0
Cash payments received					4,500,000
Unfunded commitments	0			$ 0		0
Extended Maturity and Principal Forgiveness [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	2,150,000	8,805,000		2,188,000	38,958,000
Loans Held For Sale [Member] | Commercial Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Current period net charge-offs				9,400,000
Related Party [Member]
Loans and Leases Receivable Disclosure [Line Items]
Recovery of credit losses	8,400,000
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	802,600			802,600		767,100,000
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Current period net charge-offs	6,001,000	1,832,000		19,940,000	9,927,000
Loans pledged	378,922,000			378,922,000		508,944,000
Modified term extension and forbearance amortized cost	0		$ 0	350,000
Recovery of credit losses	11,095,000	1,596,000		14,455,000	2,327,000
Commercial and Industrial [Member] | Extended Maturity and Principal Forgiveness [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	335,000	$ 5,806,000	$ 32,800,000	335,000	$ 32,750,000
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	$ 69,600			$ 69,600		$ 161,000,000

Loans and ACL - Summary of Ag_2

Loans and ACL - Summary of Aging Analysis of Amortized Cost of TLMs (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	$ 9,293	$ 44,060
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	3,573	37,112
Residential [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	700	706
Residential Construction [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	155	155
Commercial [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	4,854	6,087
Consumer loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	11
Current Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	2,467	1,910
Current Loans [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	335	1,626
Current Loans [Member] | Residential [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	196	129
Current Loans [Member] | Residential Construction [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	155	155
Current Loans [Member] | Commercial [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	1,781	0
Current Loans [Member] | Consumer loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0
30-89 Days Past Due [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0	0
30-89 Days Past Due [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0	0
30-89 Days Past Due [Member] | Residential [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0	0
30-89 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
30-89 Days Past Due [Member] | Commercial [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0
30-89 Days Past Due [Member] | Consumer loans [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	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	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	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	0
Greater than 90 Days Past Due & Accruing [Member] | Commercial [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	0	0
Greater than 90 Days Past Due & Accruing [Member] | Consumer loans [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	6,826	42,150
Non Accrual [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	3,238	35,486
Non Accrual [Member] | Residential [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	504	577
Non Accrual [Member] | Commercial [Member] | Real Estate Loan [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	3,074	$ 6,087
Non Accrual [Member] | Consumer loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Financing Receivable, Modified in Period, Amount	$ 11

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill [Line Items]
Intangible amortization	$ 265	$ 308	$ 828	$ 998

Borrowings - Additional Informa

Borrowings - Additional Information (Detail) - USD ($)	3 Months Ended			9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Debt Instrument [Line Items]
Federal home loan bank advance	$ 190,000,000			$ 190,000,000		$ 210,000,000	[1]
Federal home loan bank stock	11,300,000			11,300,000		12,300,000
Subordinated notes, net	39,806,000			39,806,000		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	$ 503,000			$ 503,000
Effective interest rate	5.30%		5.30%	5.20%	5.10%
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	69,600,000			69,600,000		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	680,100,000			$ 680,100,000		455,600,000
Federal home loan bank advance	190,000,000			190,000,000		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	11,300,000			11,300,000		12,300,000
FHLB [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Federal home loan bank advance	408,900,000			408,900,000		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	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Balance	$ 190,000	$ 210,000
Daily Rate Credit [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Balance		$ 60,000
Originated Date		May 08, 2023
Stated Interest Rate		5.57%
Maturity Date		May 08, 2024
Fixed Rate Credit One [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Balance	$ 40,000	$ 50,000
Originated Date	Jul. 29, 2024	Mar. 15, 2023
Stated Interest Rate		4.07%
Maturity Date		Mar. 15, 2027
Fixed Rate Credit One [Member] | Maximum [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Stated Interest Rate	4.89%
Maturity Date	Jan. 18, 2025
Fixed Rate Credit One [Member] | Minimum [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Stated Interest Rate	4.75%
Maturity Date	Jul. 29, 2025
Fixed Rate Credit Two [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Balance	$ 50,000	$ 50,000
Originated Date	Mar. 15, 2023	May 02, 2023
Stated Interest Rate	4.07%	3.87%
Maturity Date	Mar. 15, 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 02, 2023	May 04, 2023
Stated Interest Rate	3.87%	3.52%
Maturity Date	May 03, 2027	May 04, 2028
Fixed Rate Credit Four [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Balance	$ 50,000
Originated Date	May 04, 2023
Stated Interest Rate	3.52%
Maturity Date	May 04, 2028

Borrowings - Schedule of Prin_2

Borrowings - Schedule of Principal on FHLB Borrowings Maturities - Paranthetical (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Advances	$ 190,000	$ 210,000
Fixed Rate Credit Advances One [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Advances	10
Fixed Rate Credit Advances Two [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Advances	10
Fixed Rate Credit Advances Three [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Advances	10
Fixed Rate Credit Advances Four [Member]
Federal Home Loan Bank, Advance, Branch of FHLBank [Line Items]
Advances	$ 10

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - shares	Sep. 30, 2024	Dec. 31, 2023
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option outstanding , Shares	73,474,147	19,198,379

Leases - Additional Information

Leases - Additional Information (Detail)	9 Months Ended
	Sep. 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	Sep. 30, 2024	Dec. 31, 2023
Leases [Abstract]
Lease liabilities	$ 8,537	$ 9,619	[1]
Right-of-use lease asset	$ 7,764	$ 8,738	[1]
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
Weighted average remaining lease term (years)	6 years 11 months 19 days	7 years 1 month 20 days
Weighted average discount rate	3.42%	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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 420	$ 672	$ 1,333	$ 1,913
Cash paid for amounts included in the measurement of lease liabilities	$ 411	$ 628	$ 1,278	$ 1,773

Leases - Summary of Operating L

Leases - Summary of Operating Lease Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	[1]
Leases [Abstract]
Three months ending December 31, 2024	$ 392
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	9,699
Discount	(1,162)
Lease liabilities	$ 8,537	$ 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	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	$ 314,784	$ 321,081	[1]
Total securities available for sale	314,784	321,081
U.S. Treasury and Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	71,453	68,871
State and Municipal [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	44,529	43,325
Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	33,366	31,915
Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	314,034	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	314,784	321,081
Mortgage servicing rights assets	19,502	27,114
Rabbi trust assets	593	531
Mortgage derivative asset	212	335
Interest rate swap asset	69	71
Mortgage derivative liability		140
Interest rate swap liability	71	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	165,436	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	71,453	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	44,529	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	33,366	31,915
Fair Value, Recurring [Member] | Level 1 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Rabbi trust assets	593	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	314,034	320,331
Mortgage derivative asset	212	335
Interest rate swap asset	69	71
Mortgage derivative liability		140
Interest rate swap liability	71	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	165,436	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	71,453	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	44,529	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	32,616	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	19,502	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 - Additional Informa

Fair Value - Additional Information (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Servicing Assets At Fair Value [Line Items]
Impairment charge	$ 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) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Sep. 30, 2023
Servicing Asset at Amortized Cost [Line Items]
Sale proceeds		$ (6,568)	$ 0
MSR Assets [Member]
Servicing Asset at Amortized Cost [Line Items]
Balance as of December 31, 2023		27,114
Additions		10
Fair value adjustments		(176)
Sale proceeds	$ (6,600)	(6,568)
Transfer to other assets		(731)
Loss on sale		(147)
Balance as of June 30, 2024	$ 19,502	$ 19,502

Fair Value - Summary of Assets

Fair Value - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Sep. 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	$ 4,525	$ 12,905	[1]
Loans held for sale	22,082	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	1,519	12,905
Loans held for sale	22,082	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
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	4,525	12,905
Collateral dependent loans	21,337	56,068
Loans held for sale	22,082	46,337
Other real estate owned ("OREO")	100
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	1,519	12,905
Loans held for sale	22,082	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	21,337	$ 56,068
Other real estate owned ("OREO")	$ 100
[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	9 Months Ended	12 Months Ended
	Sep. 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	$ 21,337	$ 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]
Range	7%
OREO	$ 100
Valuation Technique	Discounted sales price technique
Unobservable Input	Selling Costs
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%

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	Sep. 30, 2024	Dec. 31, 2023
Financial Assets
Cash and due from banks	$ 281,698	$ 110,491	[1]
Securities available for sale	314,784	321,081	[1]
Restricted equity investments	20,891	18,621	[1]
Other equity investments	4,525	12,905	[1]
Other investments	21,344	29,467	[1]
Loans held for sale	22,082	46,337	[1]
Financial Liabilities
Noninterest-bearing demand	459,793	506,248	[1]
Savings	103,820	117,923	[1]
Time	1,034,463	892,325	[1]
FHLB borrowings	190,000	210,000	[1]
Subordinated notes, net	39,806	39,855	[1]
Carrying Value [Member]
Financial Assets
Cash and due from banks	281,698	110,491
Restricted cash	4,160	10,660
Federal funds sold	2,910	4,451
Securities available for sale	314,784	321,081
Restricted equity investments	20,891	18,621
Other equity investments	4,525	12,905
Other investments	21,344	29,467
Loans held for sale	22,082	46,337
Loans held for investment, net	2,154,960	2,395,054
Accrued interest receivable	13,171	14,967
Bank owned life insurance	14,953	48,453
MSR assets	19,502	27,114
Financial Liabilities
Noninterest-bearing demand	459,793	506,248
Interest-bearing demand and money market	748,416	1,049,536
Savings	103,820	117,923
Time	1,034,463	892,325
FHLB borrowings	190,000	210,000
FRB borrowings		65,000
Subordinated notes, net	39,806	39,855
Fair Value [Member]
Financial Assets
Cash and due from banks	281,698	110,491
Restricted cash	4,160	10,660
Federal funds sold	2,910	4,451
Securities available for sale	314,784	321,081
Restricted equity investments	20,891	18,621
Other equity investments	4,525	12,905
Other investments	21,344	29,467
Loans held for sale	22,082	46,337
Loans held for investment, net	2,055,614	2,316,113
Accrued interest receivable	13,171	14,967
Bank owned life insurance	14,953	48,453
MSR assets	19,502	27,114
Financial Liabilities
Noninterest-bearing demand	459,793	506,248
Interest-bearing demand and money market	748,416	1,049,536
Savings	103,820	117,923
Time	1,040,044	892,439
FHLB borrowings	189,506	211,799
FRB borrowings		65,000
Subordinated notes, net	38,687	37,803
Level 1 [Member]
Financial Assets
Cash and due from banks	281,698	110,491
Restricted cash	4,160	10,660
Federal funds sold	2,910	4,451
Financial Liabilities
Noninterest-bearing demand	459,793	506,248
Level 2 [Member]
Financial Assets
Securities available for sale	314,034	320,331
Restricted equity investments	20,891	18,621
Other equity investments	1,519	12,905
Loans held for sale	22,082	46,337
Accrued interest receivable	13,171	14,967
Bank owned life insurance	14,953	48,453
Financial Liabilities
Interest-bearing demand and money market	748,416	1,049,536
Savings	103,820	117,923
FHLB borrowings	189,506	211,799
FRB borrowings		65,000
Level 3 [Member]
Financial Assets
Securities available for sale	750	750
Other equity investments	3,006
Other investments	21,344	29,467
Loans held for investment, net	2,055,614	2,316,113
Accrued interest receivable	0
Bank owned life insurance	0
MSR assets	19,502	27,114
Financial Liabilities
Time	1,040,044	892,439
Subordinated notes, net	$ 38,687	$ 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	Sep. 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) $ in Thousands	Sep. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Blue Ridge Bank, N.A [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total risk based capital, Actual Amount	$ 367,736	$ 270,293
Total risk based capital, Actual Ratio	0.1664	0.1025
Total risk based capital, For Capital Adequacy Purposes Amount	$ 232,080	$ 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	$ 221,028	$ 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	$ 287,337	$ 342,757
Capital Required Minimum Capital Ratio To Risk Weighted Assets	13%	13%
Tier 1 capital to risk-weighted assets, Actual Amount	$ 346,545	$ 239,775
Tier 1 capital to risk-weighted assets, Actual Ratio	0.1568	0.0909
Tier 1 capital to risk-weighted assets, For Capital Adequacy Purposes Amount	$ 187,875	$ 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	$ 176,823	$ 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	$ 346,545	$ 239,775
Common equity tier 1 capital, Actual Ratio	15.68%	9.09%
Common equity tier 1 capital, For Capital Adequacy Purposes Amount	$ 154,720	$ 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	$ 143,669	$ 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	$ 346,545	$ 239,775
Tier 1 leverage, Actual Ratio	0.1156	0.0749
Tier 1 leverage, For Capital Adequacy Purposes Amount	$ 119,912	$ 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	$ 149,890	$ 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	$ 299,779	$ 320,003
Tier 1 leverage, Individual Minimum Capital Ratio	10%	10%
Blue Ridge Bankshares, Inc. [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total risk based capital, Actual Amount	$ 427,441
Total risk based capital, Actual Ratio	0.1926
Total risk based capital, For Capital Adequacy Purposes Amount	$ 177,546
Total risk based capital, For Capital Adequacy Purposes Ratio	0.08
Tier 1 capital to risk-weighted assets, Actual Amount	$ 345,839
Tier 1 capital to risk-weighted assets, Actual Ratio	0.1558
Tier 1 capital to risk-weighted assets, For Capital Adequacy Purposes Amount	$ 133,186
Tier 1 capital to risk-weighted assets, For Capital Adequacy Purposes Ratio	0.06
Common equity tier 1 capital, Actual Amount	$ 345,839
Common equity tier 1 capital, Actual Ratio	15.58%
Common equity tier 1 capital, For Capital Adequacy Purposes Amount	$ 99,889
Common equity tier 1 capital, For Capital Adequacy Purposes Ratio	4.50%
Tier 1 leverage, Actual Amount	$ 345,839
Tier 1 leverage, Actual Ratio	0.1146
Tier 1 leverage, For Capital Adequacy Purposes Amount	$ 120,712
Tier 1 leverage, For Capital Adequacy Purposes Ratio	0.04

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Other Commitments [Line Items]
Outstanding loan commitments	$ 320,300	$ 320,300	$ 480,800
Cancellable amounts	106,300	106,300	113,500
Outstanding stand-by letters of credit	11,900	11,900	12,600
Credit losses for unfunded commitments	200	1,700
Future commitments outstanding related to investments	7,600	7,600
Mortgage Servicing Rights Assets [Member]
Other Commitments [Line Items]
Recourse reserve	520	520
Other Liabilities [Member]
Other Commitments [Line Items]
Reserves for unfunded commitments to borrowers	$ 1,400	$ 1,400	$ 3,100

Earning Per Share - Additional

Earning Per Share - Additional Information (Detail)	3 Months Ended
	Sep. 30, 2024 shares
Stock option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	29,741
PSAs [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount	171,752

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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share [Abstract]
Net income (loss)	$ 946	$ (41,371)	$ (13,382)	$ (46,014)
Weighted average common shares outstanding, basic	73,366,140	19,014,883	39,132,557	18,907,921
Effect of dilutive securities	13,720,237	0	0	0
Weighted average common shares outstanding, dilutive	87,086,377	19,014,883	39,132,557	18,907,921
Basic earnings (loss) per share	$ 0.01	$ (2.18)	$ (0.34)	$ (2.43)
Diluted earnings (loss) per share	$ 0.01	$ (2.18)	$ (0.34)	$ (2.43)

Earning Per Share - Schedule of

Earning Per Share - Schedule of Components of Dilutive Securities (Detail) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total dilutive weighted average securities	13,720,237	0	0	0
PSAs [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total dilutive weighted average securities	1,805	0	0	0
Preferred Stock [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total dilutive weighted average securities	10,928,000	0	0	0
Warrants [Member]
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Total dilutive weighted average securities	2,790,432	0	0	0

Business Segments - Additional

Business Segments - Additional Information (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	[1]
NET INTEREST INCOME
Interest income	$ 39,225	$ 42,485	$ 122,387	$ 125,835
Interest expense	20,124	20,293	62,851	54,557
Net interest income	19,101	22,192	59,536	71,278
Recovery of credit losses	(6,200)	11,050	(4,100)	19,553
Net interest income after provision for credit losses	25,301	11,142	63,636	51,725
NONINTEREST INCOME
Fair value adjustments of other equity investments	160	55	(8,384)	(277)
Residential mortgage banking income	2,939	2,917	8,693	9,261
Mortgage servicing rights	(2,915)	894	(166)	148
Loss on sale of mortgage servicing rights	(1,011)	0	(1,011)	0
Other income	3,566	3,549	11,740	15,302
Total noninterest income	2,739	7,415	10,872	24,434
NONINTEREST EXPENSE
Salaries and employee benefits	13,938	14,640	44,918	44,447
Regulatory remediation	357	3,782	4,398	7,304
Goodwill impairment	0	26,826	0	26,826
ESOP litigation		6,000		6,000
Other expenses	12,200	13,373	38,998	42,943
Total noninterest expense	26,495	64,621	88,314	127,520
Income (loss) before income tax expense	1,545	(46,064)	(13,806)	(51,361)
Income tax expense (benefit)	599	(4,693)	(424)	(5,347)
Net income (loss)	946	(41,371)	(13,382)	(46,014)
Total assets	2,944,691	3,262,713	2,944,691	3,262,713	$ 3,117,554
Commercial Banking [Member]
NET INTEREST INCOME
Interest income	38,803	41,699	121,181	124,629
Interest expense	19,385	18,766	60,635	52,313
Net interest income	19,418	22,933	60,546	72,316
Recovery of credit losses	(6,200)	11,050	(4,100)	19,553
Net interest income after provision for credit losses	25,618	11,883	64,646	52,763
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
Loss on sale of mortgage servicing rights	0		0
Other income	3,660	3,523	12,009	15,380
Total noninterest income	3,660	3,523	12,009	15,380
NONINTEREST EXPENSE
Salaries and employee benefits	12,554	10,136	40,307	37,658
Regulatory remediation	357	3,782	4,398	7,304
Goodwill impairment		26,826		26,826
ESOP litigation		0		0
Other expenses	10,737	9,047	34,870	35,000
Total noninterest expense	23,648	49,791	79,575	106,788
Income (loss) before income tax expense	5,630	(34,385)	(2,920)	(38,645)
Income tax expense (benefit)	1,523	(2,446)	1,960	(2,473)
Net income (loss)	4,107	(31,939)	(4,880)	(36,172)
Total assets	2,900,927	3,183,121	2,900,927	3,183,121
Mortgage Banking [Member]
NET INTEREST INCOME
Interest income	422	777	1,206	1,192
Interest expense	174	408	539	578
Net interest income	248	369	667	614
Recovery of credit losses	0	0	0	0
Net interest income after provision for credit losses	248	369	667	614
NONINTEREST INCOME
Fair value adjustments of other equity investments	0	0	0	0
Residential mortgage banking income	2,939	2,917	8,693	9,261
Mortgage servicing rights	(2,915)	894	(166)	148
Loss on sale of mortgage servicing rights	(1,011)		(1,011)
Other income	0	0		0
Total noninterest income	(987)	3,811	7,516	9,409
NONINTEREST EXPENSE
Salaries and employee benefits	1,365	4,504	4,548	6,789
Regulatory remediation	0	0	0	0
Goodwill impairment		0		0
ESOP litigation		0		0
Other expenses	1,140	2,834	3,535	4,226
Total noninterest expense	2,505	7,338	8,083	11,015
Income (loss) before income tax expense	(3,244)	(3,158)	100	(992)
Income tax expense (benefit)	(751)	(446)	(90)	(412)
Net income (loss)	(2,493)	(2,712)	190	(580)
Total assets	33,519	46,959	33,519	46,959
Parents Only [Member]
NET INTEREST INCOME
Interest income	0	9	0	14
Interest expense	565	1,119	1,677	1,666
Net interest income	(565)	(1,110)	(1,677)	(1,652)
Recovery of credit losses	0	0	0	0
Net interest income after provision for credit losses	(565)	(1,110)	(1,677)	(1,652)
NONINTEREST INCOME
Fair value adjustments of other equity investments	160	55	(8,384)	(277)
Residential mortgage banking income	0	0	0	0
Mortgage servicing rights	0	0	0	0
Loss on sale of mortgage servicing rights	0		0
Other income	2	125	19	120
Total noninterest income	162	180	(8,365)	(157)
NONINTEREST EXPENSE
Salaries and employee benefits	19	0	63	0
Regulatory remediation	0	0	0	0
Goodwill impairment		0		0
ESOP litigation		6,000		6,000
Other expenses	419	1,591	881	3,915
Total noninterest expense	438	7,591	944	9,915
Income (loss) before income tax expense	(841)	(8,521)	(10,986)	(11,724)
Income tax expense (benefit)	(173)	(1,801)	(2,294)	(2,462)
Net income (loss)	(668)	(6,720)	(8,692)	(9,262)
Total assets	377,806	230,999	377,806	230,999
Eliminations [Member]
NET INTEREST INCOME
Interest income	0	0	0	0
Interest expense	0	0	0	0
Net interest income	0	0	0	0
Recovery of 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
Loss on sale of mortgage servicing rights	0		0
Other income	(96)	(99)	(288)	(198)
Total noninterest income	(96)	(99)	(288)	(198)
NONINTEREST EXPENSE
Salaries and employee benefits	0	0	0	0
Regulatory remediation	0	0	0	0
Goodwill impairment		0		0
ESOP litigation		0		0
Other expenses	(96)	(99)	(288)	(198)
Total noninterest expense	(96)	(99)	(288)	(198)
Income (loss) before income tax expense	0	0	0	0
Income tax expense (benefit)	0	0	0	0
Net income (loss)	0	0	0	0
Total assets	$ (367,561)	$ (198,366)	$ (367,561)	$ (198,366)
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Changes to Accumulated Other _3

Changes to Accumulated Other Comprehensive (Loss) Gain, net - Components of Accumulated Other Comprehensive (Loss) Gain (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024		Sep. 30, 2023
Beginning Balance	$ 325,614	$ 231,271	$ 185,989	[1]	$ 248,793
Change in net unrealized holding gains (losses) on securities available for sale, net of deferred tax expense (benefit)	10,000	(7,518)	10,573		(8,675)
Ending Balance	336,347	182,837	336,347		182,837
Net Unrealized (Losses) Gains on Available for Sale Securities [Member]
Beginning Balance	(44,908)	(46,682)	(45,481)		(45,525)
Change in net unrealized holding gains (losses) on securities available for sale, net of deferred tax expense (benefit)	10,000	(8,022)	10,521		(9,179)
Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit		504	52		504
Ending Balance	(34,908)	(54,200)	(34,908)		(54,200)
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		0
Ending Balance	425	425	425		425
Pension and Post-retirement Benefit Plans[Member]
Beginning Balance		(1)			(1)
Change in net unrealized holding gains (losses) on securities available for sale, net of deferred tax expense (benefit)		0			0
Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit		0			0
Ending Balance		(1)			(1)
Accumulated Other Comprehensive (Gain) Loss, net
Beginning Balance	(44,483)	(46,258)	(45,056)		(45,101)
Change in net unrealized holding gains (losses) on securities available for sale, net of deferred tax expense (benefit)	10,000	(8,022)	10,521		(9,179)
Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit		504	52		504
Ending Balance	$ (34,483)	$ (53,776)	$ (34,483)		$ (53,776)
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Changes to Accumulated Other _4

Changes to Accumulated Other Comprehensive (Loss) Gain, net - Components of Accumulated Other Comprehensive (Loss) Gain (Parenthetical) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 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)	$ (2,803)	$ 2,309	$ (3,293)	$ 2,642
Reclassification for previously unrealized net losses on securities available for sale, net of income tax benefit		$ 145	$ 15	$ 145

Bank Owned Life Insurance and_2

Bank Owned Life Insurance and MSRs - Additional Information (Details) - USD ($)	3 Months Ended				9 Months Ended
	Dec. 31, 2024	Sep. 30, 2024	Jun. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Schedule of Investments [Line Items]
Bank owned life insurance		$ 14,953,000			$ 14,953,000		$ 48,453,000	[1]
Income tax expense (benefit)		599,000		$ (4,693,000)	(424,000)	$ (5,347,000)
Mortgage servicing rights		19,502,000			19,502,000		27,114,000	[1]
Proceeds from surrender of bank owned life insurance policies		34,300,000			34,297,000	0
Proceeds from sale of MSRs					6,568,000	0
Loss on sale of MSRs					1,011,000	$ 0
Forecast [Member]
Schedule of Investments [Line Items]
Proceeds from surrender of bank owned life insurance policies	$ 14,000,000
Mortgage Servicing Rights Assets [Member]
Schedule of Investments [Line Items]
Mortgage servicing rights		19,500,000			19,500,000		27,100,000
Aggregate unpaid principal balance		438,600,000
Proceeds from sale of MSRs		6,600,000			6,568,000
loss on sale of investment					147,000
Loss on sale of MSRs		1,000,000
Bank Owned Life Insurance [Member]
Schedule of Investments [Line Items]
Bank owned life insurance		$ 14,900,000			14,900,000		$ 48,500,000
Surrender of these policies [Member] | Bank Owned Life Insurance [Member]
Schedule of Investments [Line Items]
Gain loss on investment					0
Income tax expense (benefit)			$ 2,000,000		$ 940,000
[1] Derived from audited December 31, 2023 Consolidated Financial Statements.

Legal Matters - Additional Info

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

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - USD ($) $ in Thousands		9 Months Ended
	Oct. 31, 2024	Sep. 30, 2024	Sep. 30, 2023
Subsequent Event [Line Items]
Loss on sale of MSRs		$ (1,011)	$ 0
Cash payments received			$ 4,500
Subsequent Event [Member]
Subsequent Event [Line Items]
Sale of mortgage servicing rights	$ 1,510,000
Loss on sale of MSRs	$ 1,600