Blue Ridge Bankshares (BRBS) 10-Q 13 Nov 20 2020 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2020	Nov. 13, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2020
Document Fiscal Year Focus	2020
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	54-1470908
Entity Address, Address Line One	1807 Seminole Trail
Entity Address, City or Town	Charlottesville
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	22835
City Area Code	540
Local Phone Number	743-6521
Trading Symbol	BRBS
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
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		5,718,621
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 77,596,000	$ 60,026,000
Federal funds sold		480,000
Securities available for sale, at fair value	113,889,000	108,571,000
Securities held to maturity, at cost		12,192,000
Restricted equity securities, at cost	9,441,000	8,134,000
Loans held for sale	193,122,000	55,646,000
Loans, net of unearned income	1,039,180,000	646,834,000
Less allowance for loan losses	(12,123,000)	(4,572,000)
Loans, net	1,027,057,000	642,262,000
Premises and equipment, net	14,947,000	13,651,000
Cash surrender value of life insurance	15,013,000	14,734,000
Goodwill	19,892,000	19,915,000
Other intangible assets	3,022,000	3,718,000
Other assets	49,320,000	21,482,000
Total assets	1,523,299,000	960,811,000
Deposits:
Noninterest-bearing	278,584,000	177,819,000
Interest-bearing	636,682,000	544,211,000
Total deposits	915,266,000	722,030,000
Federal funds purchased	135,000
Other borrowings	459,476,000	124,800,000
Subordinated debentures, net of issuance costs	24,489,000	9,800,000
Other liabilities	24,003,000	11,844,000
Total liabilities	1,423,369,000	868,474,000
Stockholders’ Equity:
Common stock, no par value; 25,000,000 and 10,000,000 shares authorized at September 30, 2020 and December 31, 2019, respectively; 5,718,621 and 5,658,585 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	66,556,000	66,204,000
Additional paid-in capital	252,000	252,000
Retained earnings	35,107,000	25,428,000
Accumulated other comprehensive income (loss)	(2,210,000)	229,000
Total stockholders' equity	99,705,000	92,113,000
Noncontrolling interest	225,000	224,000
Total stockholders’ equity	99,930,000	92,337,000
Total liabilities and stockholders’ equity	$ 1,523,299,000	$ 960,811,000

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Common stock, no par value
Common stock, shares authorized	25,000,000	10,000,000
Common stock, shares, issued	5,718,621	5,658,585
Common stock, shares, outstanding	5,718,621	5,658,585

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Interest income:
Interest and fees on loans	$ 13,780,000	$ 6,927,000	$ 35,766,000	$ 19,640,000
Interest on taxable securities	634,000	1,133,000	2,147,000	2,601,000
Interest on nontaxable securities	30,000	56,000	119,000	183,000
Interest on federal funds sold		2,000	2,000	6,000
Total interest income	14,444,000	8,118,000	38,034,000	22,430,000
Interest expense:
Interest on deposits	1,515,000	1,763,000	4,889,000	4,491,000
Interest on subordinated debentures	411,000	169,000	854,000	532,000
Interest on other borrowings	689,000	750,000	1,794,000	1,920,000
Total interest expense	2,615,000	2,682,000	7,537,000	6,943,000
Net interest income	11,829,000	5,436,000	30,497,000	15,487,000
Provision for loan losses	4,000,000	570,000	8,075,000	1,465,000
Net interest income after provision for loan losses	7,829,000	4,866,000	22,422,000	14,022,000
Non-interest income:
Service charges on deposit accounts	215,000	171,000	669,000	459,000
Residential mortgage banking income, net	16,044,000	3,943,000	35,210,000	10,966,000
Income from investment in life insurance contracts	94,000	59,000	278,000	874,000
Gain on sale of guaranteed USDA loans	516,000	252,000	779,000	298,000
Other income	880,000	548,000	2,334,000	1,658,000
Total other income	17,749,000	4,973,000	39,270,000	14,255,000
Non-interest expenses:
Salaries and employee benefits	11,880,000	5,079,000	30,141,000	14,149,000
Occupancy and equipment	922,000	627,000	2,653,000	1,868,000
Data processing fees	675,000	413,000	1,799,000	1,069,000
Legal, issuer, and regulatory filing fees	1,536,000	295,000	2,073,000	930,000
Advertising fees	165,000	191,000	518,000	607,000
Communications	214,000	123,000	536,000	334,000
Debit card	137,000	82,000	465,000	242,000
Audit and accounting fees	98,000	87,000	291,000	175,000
FDIC insurance	187,000	86,000	568,000	256,000
Other contractual services	516,000	89,000	870,000	270,000
Other taxes and assessments	280,000	257,000	748,000	746,000
Other operating	2,202,000	878,000	5,296,000	2,571,000
Total other expenses	18,812,000	8,207,000	45,958,000	23,217,000
Income before income tax	6,766,000	1,632,000	15,734,000	5,060,000
Income tax expense	1,707,000	379,000	3,618,000	989,000
Net income	5,059,000	1,253,000	12,116,000	4,071,000
Net (Income) loss attributable to noncontrolling interest	4,000	(3,000)	(1,000)	(21,000)
Net Income attributable to Blue Ridge Bankshares, Inc.	5,063,000	1,250,000	12,115,000	4,050,000
Net Income available to Common Stockholders	$ 5,063,000	$ 1,250,000	$ 12,115,000	$ 4,050,000
Basic earnings per common share	$ 0.88	$ 0.29	$ 2.13	$ 1.01
Diluted earnings per common share	$ 0.88	$ 0.29	$ 2.13	$ 1.01

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 5,059	$ 1,253	$ 12,116	$ 4,071
Other comprehensive income:
Gross unrealized gains (losses) on securities available for sale arising during the period	331	1,256	(340)	2,288
Income tax (expense) benefit	(70)	(264)	71	(480)
Other comprehensive income loss gross unrealized gains losses on securities	261	992	(269)	1,808
Unrealized gains (losses) on interest rate swaps	902		(2,956)	(483)
Income tax (expense) benefit	(189)		621	102
Other comprehensive income loss increase decrease excluding derivative component	713		(2,335)	(381)
Reclassifications adjustment for gains included in net income	209	(258)	209	86
Adjustment for income tax (expense) benefit	(44)	54	(44)	(19)
Reclassification adjustment for gains	165	(204)	165	67
Other comprehensive income (loss), net of tax	1,139	788	(2,439)	1,494
Comprehensive income	6,198	2,041	9,677	5,565
Comprehensive (income) loss attributable to noncontrolling interest	4	(3)	(2)	(21)
Comprehensive income attributable to Blue Ridge Bankshares, Inc.	$ 6,202	$ 2,038	$ 9,675	$ 5,544

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Common Stock & Related Surplus [Member]	Contributed Equity [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2018	$ 39,620,000	$ 16,452,000	$ 252,000	$ 23,321,000	$ (618,000)	$ 213,000
Net income	4,071,000			4,050,000		21,000
Other comprehensive income (loss)	1,494,000				1,494,000
Dividends on common stock	(1,855,000)			(1,855,000)
Issuance of restricted common stock, net of forfeitures	160,000	160,000
Noncontrolling interest capital distributions	(13,000)					(13,000)
Issuance of common stock net of capital raise expenses	22,119,000	22,119,000
Ending Balance at Sep. 30, 2019	65,596,000	38,731,000	252,000	25,516,000	876,000	221,000
Beginning Balance at Jun. 30, 2019	64,134,000	38,690,000	252,000	24,886,000	88,000	218,000
Net income	1,253,000			1,250,000		3,000
Other comprehensive income (loss)	788,000				788,000
Dividends on common stock	(620,000)			(620,000)
Issuance of restricted common stock, net of forfeitures	41,000	41,000
Ending Balance at Sep. 30, 2019	65,596,000	38,731,000	252,000	25,516,000	876,000	221,000
Beginning Balance at Dec. 31, 2019	92,337,000	66,204,000	252,000	25,428,000	229,000	224,000
Net income	12,116,000			12,115,000		1,000
Other comprehensive income (loss)	(2,439,000)				(2,439,000)
Dividends on common stock	(2,436,000)			(2,436,000)
Issuance of restricted common stock, net of forfeitures	352,000	352,000
Ending Balance at Sep. 30, 2020	99,930,000	66,556,000	252,000	35,107,000	(2,210,000)	225,000
Beginning Balance at Jun. 30, 2020	95,160,000	66,353,000	252,000	31,675,000	(3,349,000)	229,000
Net income	5,059,000			5,063,000		(4,000)
Other comprehensive income (loss)	1,139,000				1,139,000
Dividends on common stock	(1,631,000)			(1,631,000)
Issuance of restricted common stock, net of forfeitures	203,000	203,000
Ending Balance at Sep. 30, 2020	$ 99,930,000	$ 66,556,000	$ 252,000	$ 35,107,000	$ (2,210,000)	$ 225,000

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Statement Of Stockholders Equity [Abstract]
Common stock dividends per share cash paid	$ 0.2850	$ 0.1425	$ 0.4275	$ 0.4275
Stock issued during period shares new issues net of capital raise expenses				1,536,731

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Cash flows used in operating activities:
Net income	$ 12,116,000	$ 4,071,000
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation, amortization and accretion	704,000	383,000
Deferred income taxes	85,000	9,000
Provision for loan losses	8,075,000	1,465,000
Proceeds from sale of loans held for sale, originated	652,765,000	241,112,000
Gain on sale of loans held for sale, originated	(27,386,000)	(7,455,000)
Loans held for sale, originated	(747,771,000)	(264,625,000)
Gain on sale of securities	(209,000)	(86,000)
Loss (gain) on disposal of premises and equipment	116,000	(2,000)
Loss on sale of other real estate owned		33,000
Non-cash equity compensation, net	352,000	160,000
Investment amortization expense, net	870,000	356,000
Amortization of subordinated debt issuance costs	37,000	25,000
Amortization of other intangibles	696,000	352,000
Earnings on life insurance	(278,000)	(874,000)
Decrease in goodwill	23,000
Increase in other assets	(29,709,000)	(9,677,000)
Increase in accrued expenses	12,160,000	8,893,000
Net cash used in operating activities	(117,354,000)	(25,860,000)
Cash flows used in investing activities:
Net decrease in federal funds sold	480,000	261,000
Purchase of securities available for sale	(38,579,000)	(96,743,000)
Proceeds from securities available for sale	43,452,000	15,231,000
Proceeds from securities held for investment	1,210,000	2,370,000
Purchase of insurance policies		(600,000)
Redemption of insurance policies		1,058,000
Net change in restricted equity securities	(1,307,000)	(2,717,000)
Net increase in loans held for investment	(392,870,000)	(46,650,000)
Net increase in loans held for sale, participations	(15,083,000)	(20,053,000)
Purchase of premises and equipment	(2,785,000)	(507,000)
Proceeds from sale of premises and equipment	669,000	13,000
Capital calls of SBIC funds and other investments	(569,000)	(665,000)
Nonincome distributions from limited liability companies	44,000	147,000
Net cash used in investing activities	(405,338,000)	(148,855,000)
Cash flows from financing activities:
Net increase in deposits	193,236,000	105,254,000
Common stock dividends paid	(2,436,000)	(1,866,000)
Federal Home Loan Bank advances	436,900,000	257,100,000
Federal Home Loan Bank repayments	(446,700,000)	(200,600,000)
Federal Reserve PPPLF advances	355,484,000
Federal Reserve PPPLF repayments	(11,008,000)
Increase in federal funds purchased	135,000
Issuance of subordinated debt	15,000,000
Payment of subordinated debt issuance costs	(349,000)
Issuance of common stock		22,119,000
Net cash provided by financing activities	540,262,000	182,007,000
Net increase in cash and due from banks	17,570,000	7,292,000
Cash and due from banks at beginning of period	60,026,000	15,026,000
Cash and due from banks at end of period	77,596,000	22,318,000
Supplemental disclosures of cash flow information:
Cash paid during the period for interest	7,294,000	$ 6,217,000
Noncash item - transfer of held to maturity securities to available for sale	$ 10,980,000

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1 – Summary of Significant Accounting Policies Principles of Consolidation The accompanying unaudited consolidated financial statements of Blue Ridge Bankshares, Inc. (the “Company” or “Blue Ridge”) include the accounts of Blue Ridge Bank, N.A. (the “Bank”), PVB Properties, LLC, VCB Services, LLC, and MoneyWise Payroll Solutions, Inc. (net of noncontrolling interest) and were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for the interim financial information. Accordingly, these financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Operating results for the quarter and nine months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. 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, 2019. The accompanying unaudited consolidated financial statements include the accounts of the Company, the Bank and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Nature of Operations The Company operates under the supervision and regulation of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) and the Bureau of Financial Institutions of the Virginia State Corporation Commission, while the Bank operates under a national charter subject to the supervision and regulation of the Office of the Comptroller of the Currency (the “OCC”). The Bank provides commercial banking services to customers located primarily in the Piedmont, Southside, and Shenandoah Valley regions of the Commonwealth of Virginia and also operates under the name Carolina State Bank in Greensboro, North Carolina. Mortgage lending services are provided in these regions as well with additional mortgage offices located in Northern Virginia, Maryland, North Carolina, Delaware, and South Carolina. Basis of Presentation The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, goodwill and intangibles, fair value, the valuation of deferred tax assets and liabilities, and valuation of foreclosed real estate. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for fair presentation of the results of operations in these financial statements, have been made. Reclassification Certain reclassifications have been made to prior period amounts to conform to current period presentation. None of these reclassifications are considered material and have no impact on net income. Earnings Per Share Accounting guidance specifies the computation, presentation and disclosure requirements for earnings per share (“EPS”) for entities with publicly held common stock or potential common stock such as options, warrants, convertible securities or contingent stock agreements if those securities trade in a public market. Employee Stock Ownership Plan (“ESOP”) shares are considered outstanding for this calculation. Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding. Diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive common shares had been issued. The Company had no dilutive common shares outstanding at September 30, 2020 and 2019. The following table sets forth the computation of basic and diluted earnings per share for the three months and nine months ended September 30, 2020 and 2019. For the three months ended September 30, For the nine months ended September 30, 2020 2019 2020 2019 Net income $ 5,059,000 $ 1,253,000 $ 12,116,000 $ 4,071,000 Net (income) loss attributable to noncontrolling interest 4,000 (3,000 ) (1,000 ) (21,000 ) Net income available to common shareholders $ 5,063,000 $ 1,250,000 $ 12,115,000 $ 4,050,000 Weighted average common shares 5,718,621 4,346,866 5,680,930 3,998,267 Effect of dilutive securities — — — — Diluted average common shares 5,718,621 4,346,866 5,680,930 3,998,267 Earnings per common share $ 0.88 $ 0.29 $ 2.13 $ 1.01 Diluted earnings per common share $ 0.88 $ 0.29 $ 2.13 $ 1.01 Note 1 – Summary of Significant Accounting Policies, continued Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, "Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. As a “smaller reporting company” under Securities and Exchange Commission (“SEC”) rules, the Company will be required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. The Company has identified a third-party vendor to assist in the measurement of expected credit losses under this standard. The Company is currently evaluating the implementation of ASU 2016-13 due to the change in implementation dates for smaller reporting companies. Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin (“SAB”) 119. SAB 119 updated portions of SEC interpretative guidance to align with FASB Accounting Standards Codification (“ASC”) 326, “Financial Instruments – Credit Losses.” It covers topics including (1) measuring current expected credit losses; (2) development, governance, and documentation of a systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology. The Company is currently assessing the impact SAB 119 will have on its consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes.” The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers’ application of certain income tax-related guidance. This ASU is part of the FASB’s simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects. For public business entities, such as the Company, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-12 will have on its consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.” The ASU is based on a consensus of the Emerging Issues Task Force and is expected to increase comparability in accounting for these transactions. ASU 2016-01 made targeted improvements to accounting for financial instruments, including providing an entity the ability to measure certain equity securities without a readily determinable fair value at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Among other topics, the amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting. For public business entities, the amendments in the ASU are effective for fiscal years beginning after December 31, 2020, and interim periods within those fiscal years. Early adoption is permitted The Company is currently assessing the impact that ASU 2020-01 will have on its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying U.S. GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. To facilitate an orderly transition from interbank offered rates (“IBORs”) and other benchmark rates to alternative reference rates (“ARRs”), the Company has established an enterprise-wide initiative led by senior management. The objective of this initiative is to identify, assess and monitor risks associated with the expected discontinuation or unavailability of benchmarks, including LIBOR, achieve operational readiness and engage impacted clients in connection with the transition to ARRs. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. Note 1 – Summary of Significant Accounting Policies, continued On March 12, 2020, the SEC finalized amendments to the definitions of its “accelerated filer” and “large accelerated filer” definitions. The amendments increase the threshold criteria for meeting these filer classifications and are effective on April 27, 2020. Any changes in filer status are to be applied beginning with the filer’s first annual report filed with the SEC subsequent to the effective date. The rule change expands the definition of “smaller reporting companies” to include entities with public float of less than $700 million and less than $100 million in annual revenues. The Company meets this expanded category of small reporting company. If the Company’s annual revenues exceed $100 million, its category will change to “accelerated filer”. The classifications of “accelerated filer” and “large accelerated filer” require a public company to obtain an auditor attestation concerning the effectiveness of internal control over financial reporting (“ICFR”) and include the opinion on ICFR in its annual report on Form 10-K. Smaller reporting companies also have additional time to file quarterly and annual financial statements. All public companies are required to obtain and file annual financial statement audits, as well as provide management’s assertion on effectiveness of ICFR, but the external auditor attestation of ICFR is not required for smaller reporting companies. The COVID-19 pandemic has negatively impacted the global economy. In response to this crisis, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was passed by Congress and signed into law on March 27, 2020. Section 4013 of the CARES Act provides that a financial institution may elect to suspend the requirements under GAAP for certain loan modifications that would otherwise be categorized as a TDR. Also in response to the COVID-19 pandemic, in March 2020, various regulatory agencies, including the Federal Reserve and the OCC, (the agencies), issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by COVID-19. The interagency statement was effective immediately and impacted accounting for loan modifications. Under ASC 310-40, “Receivables – Troubled Debt Restructurings by Creditors,” a restructuring of debt constitutes a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. Depending on the demonstrated need of the client, the Company is deferring either the full loan payment or the principal component of the loan payment generally for 90 days. As of November 5, 2020, the Company has executed 553 of these deferrals on outstanding loan balances of $109.9 million, or 16.4% of the held-for-investment loan portfolio, excluding loans made under the U.S. Small Business Administration’s Paycheck Protection Program. A majority of these loans are now past the initial deferment period and are back on normal payment schedules. As of November 5, 2020, the Company was aware of five borrowers with loan balances totaling $6.5 million that were either already deferred for an additional period of three months or are in the process of requesting an additional deferral for a period of three months.

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2020
Business Combinations [Abstract]
Acquisition	Note 2 – Acquisition On December 15, 2019, the Company completed the acquisition of Virginia Community Bankshares, Inc. (“VCB”), the holding company for Virginia Community Bank, pursuant to the terms of the Agreement and Plan of Reorganization, dated May 13, 2019, between the Company and VCB. Under the agreement, VCB’s shareholders had the right to receive, at the holder’s election, either $58.00 per share in cash or 3.05 shares of the Company’s common stock, subject to the allocation and proration procedures set forth in the agreement, plus cash in lieu of fractional shares. Note 2 – Acquisition, continued A summary of the assets received and liabilities assumed and related adjustments are as follows: Assets As Recorded by Virginia Community Bankshares, Inc. Adjustments As Recorded by Blue Ridge Bankshares, Inc. Cash and due from banks $ 9,678,700 $ — $ 9,678,700 Investment securities available-for-sale 43,419,481 (470,191 ) (1) 42,949,290 Restricted equity securities 302,700 — 302,700 Held-for-investment loans 173,871,523 (900,020 ) (2) 172,971,503 Furniture, fixtures, and equipment 6,435,695 3,296,872 (3) 9,732,567 Other real estate owned 87,427 (87,427 ) (4) - Accrued interest receivable 864,154 - 864,154 Core deposit intangible - 1,690,000 (5) 1,690,000 Other assets 8,069,497 549,976 (6) 8,619,473 Total assets acquired $ 242,729,177 $ 4,079,210 $ 246,808,387 Liabilities Deposits $ 217,953,153 $ 118,621 (7) $ 218,071,774 Other liabilities 1,296,520 - 1,296,520 Total liabilities assumed $ 219,249,673 $ 118,621 $ 219,368,294 Net assets acquired 27,440,093 Total consideration paid 44,048,371 Goodwill $ 16,608,278 (1) Adjustment to reflect estimated fair value of security portfolio (2) Adjustment to reflect estimated fair value and credit mark on loans of $(2,318,569), and elimination of VCB’s allowance for loan and lease losses (3) Adjustment to reflect estimated fair value of furniture, fixtures, and equipment (4) Adjustment to reflect estimated fair value of Other Real Estate Owned (“OREO”) (5) Adjustment to reflect recording of core deposit intangible (6) Adjustment to reflect estimated fair value of other assets and the recording of deferred taxes related to acquisition (7) Adjustment to reflect estimated fair value of deposits A summary of the consideration paid is as follows: Common stock issued (1,312,919 shares) $ 27,401,831 Cash payments to common shareholders 16,646,540 Total consideration paid $ 44,048,371 On August 12, 2020, the Company entered into a definitive merger agreement to acquire Bay Banks of Virginia, Inc., in an all-stock transaction (the “merger agreement”). Subject to the terms and conditions stated in the merger agreement, upon the consummation of the merger each share of Bay Banks common stock will be converted into the right to receive 0.5000 shares of the Company’s common stock. The transaction is expected to close in the first quarter of 2021. Refer to Part II, Item 1A “Risk Factors” for additional information.

Investment Securities

Investment Securities	9 Months Ended
	Sep. 30, 2020
Schedule Of Investments [Abstract]
Investment Securities	Note 3 – Investment Securities Investment securities available for sale are carried in the consolidated balance sheets at their fair value and investment securities held to maturity are carried in the consolidated balance sheets at their amortized cost. The amortized cost and fair values of investment securities at September 30, 2020 and December 31, 2019 are as follows: September 30, 2020 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale State and municipal $ 13,792 $ 240 $ 21 $ 14,011 U.S. Treasury and agencies 2,500 — 34 2,466 Mortgage backed securities 79,263 836 608 79,491 Corporate bonds 17,930 97 106 17,921 $ 113,485 $ 1,173 $ 769 $ 113,889 December 31, 2019 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale U.S. Treasury and agencies $ 2,500 $ — $ 51 $ 2,449 Mortgage backed securities 94,983 654 152 95,485 Corporate bonds 10,554 87 4 10,637 $ 108,037 $ 741 $ 207 $ 108,571 Held to maturity State and municipal $ 12,192 $ 464 $ 2 $ 12,654 Total Investment Securities $ 120,229 $ 1,205 $ 209 $ 121,225 The amortized cost and fair value of securities at September 30, 2020, by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2020 Securities Available for Sale (In thousands) Amortized Cost Fair Value Due in one year or less $ 925 $ 927 Due after one year through five years 71,574 72,137 Due after five years through ten years 33,608 33,324 Due after ten years 7,378 7,501 Total $ 113,485 $ 113,889 Note 3 – Investment Securities, continued A summary of unrealized losses (in thousands) and the length of time in a continuous loss position, by security type at September 30, 2020 and December 31, 2019 is as follows: September 30, 2020 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and Municipal $ 1,694 $ (21 ) $ — $ — $ 1,694 $ (21 ) U.S. Treasury and Agency 2,466 (34 ) — — 2,466 (34 ) Mortgage backed 25,035 (593 ) 856 (15 ) 25,891 (608 ) Corporate bonds 6,395 (105 ) 399 (1 ) 6,794 (106 ) Total $ 35,590 $ (753 ) $ 1,255 $ (16 ) $ 36,845 $ (769 ) December 31, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and Municipal $ 333 $ (2 ) $ — $ — $ 333 $ (2 ) U.S. Treasury and Agency — — 1,949 (51 ) 1,949 (51 ) Mortgage backed 27,901 (82 ) 5,348 (70 ) 33,249 (152 ) Corporate bonds — — 896 (4 ) 896 (4 ) Total $ 28,234 $ (84 ) $ 8,193 $ (125 ) $ 36,427 $ (209 ) Other investments (in thousands) at September 30, 2020 consist of stock in the Federal Home Loan Bank of Atlanta (the “FHLB”) (carrying basis $5,752), Federal Reserve Bank of Richmond (“FRB”) stock (carrying basis $2,205), and various other investments (carrying basis $1,484). These investments are classified as restricted equity securities on the consolidated balance sheet. The Company had pledged securities (in thousands) of $40,645 and $68,255 at September 30, 2020 and December 31, 2019, respectively to the FHLB and the Treasury Board of Virginia at the Community Bankers’ Bank to secure public deposits.

Loans

Loans	9 Months Ended
	Sep. 30, 2020
Loans And Leases Receivable Disclosure [Abstract]
Loans	Note 4 – Loans Loans held for investment outstanding at September 30, 2020 and December 31, 2019 are summarized as follows: September 30, 2020 December 31, 2019 (in thousands) Commercial and industrial $ 444,718 $ 77,728 Real estate – construction, commercial 49,884 38,039 Real estate – construction, residential 19,001 26,778 Real estate – mortgage, commercial 272,778 251,824 Real estate – mortgage, residential 210,679 208,494 Real estate – mortgage, farmland 4,176 5,507 Consumer installment loans 45,144 39,202 Gross loans 1,046,380 647,572 Less: Unearned income (7,200 ) (738 ) Total $ 1,039,180 $ 646,834 The Company has pledged loans held for investment (in thousands) as collateral for borrowings with the FHLB totaling $183,383 and $146,075 as of September 30, 2020 and December 31, 2019, respectively. Note 4 – Loans, continued In December 2019, as a result of the Company’s acquisition of VCB, the acquired loan portfolio was initially measured at fair value and subsequently accounted for under either ASC Topic 310-30 or ASC 310-20. The outstanding principal balance and related carrying amount of these acquired loans included in the consolidated statement of condition as of September 30, 2020 and December 31, 2019 is as follows: September 30, 2020 December 31, 2019 (in thousands) Purchased credit impaired acquired VCB loans evaluated individually for future credit losses Outstanding principal balance $ 1,336 $ 1,504 Carrying amount 1,148 1,315 Other acquired VCB loans Outstanding principal balance 108,996 172,279 Carrying amount 107,853 170,151 Total acquired VCB loans Outstanding principal balance 110,332 173,783 Carrying amount 109,001 171,466 The following table presents changes for the nine months and year ended September 30, 2020 and December 31, 2019, respectively, in the accretable yield on the VCB purchased credit impaired loans for which the Company applies ASC 310-30: September 30, 2020 December 31, 2019 (in thousands) Balance beginning of period $ 188 $ — Accretable yield at acquisition date — 190 Additions (22 ) — Accretion (51 ) (3 ) Other changes, net 73 1 Balance end of period 188 188 The following table presents the aging of the recorded investment in past due loans as of September 30, 2020 and December 31, 2019: September 30, 2020 (in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due & Accruing Nonaccrual Total Past Due & Nonaccrual Current Loans Total Loans Commercial and industrial $ 901 $ 86 $ 47 $ 401 $ 1,435 $ 443,283 $ 444,718 Real estate – construction, commercial — 218 — 900 1,118 48,766 49,884 Real estate – construction, residential — 369 — — 369 18,632 19,001 Real estate – mortgage, commercial 440 2,470 — 1,352 4,262 268,516 272,778 Real estate – mortgage, residential 235 219 703 438 1,595 209,084 210,679 Real estate - mortgage, farmland — — — — — 4,176 4,176 Consumer installment loans 1,121 232 16 641 2,010 43,134 45,144 Less: Unearned income — — — — — (7,200 ) (7,200 ) $ 2,697 $ 3,594 $ 766 $ 3,732 $ 10,789 $ 1,028,391 $ 1,039,180 Note 4 – Loans, continued December 31, 2019 (in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due & Accruing Nonaccrual Total Past Due & Nonaccrual Current Loans Total Loans Commercial and industrial $ 1,652 $ — $ — $ 441 $ 2,093 $ 75,635 $ 77,728 Real estate – construction, commercial 820 — — 929 1,749 36,290 38,039 Real estate – construction, residential 241 — — — 241 26,537 26,778 Real estate – mortgage, commercial 3,194 — — 1,931 5,125 246,699 251,824 Real estate – mortgage, residential 319 217 369 713 1,618 206,876 208,494 Real estate – mortgage, farmland — — — — — 5,507 5,507 Consumer installment loans 894 408 — 776 2,078 37,124 39,202 Less: Unearned income — — — — — (738 ) (738 ) $ 7,120 $ 625 $ 369 $ 4,790 $ 12,904 $ 633,930 $ 646,834

Allowance for Loans Losses

Allowance for Loans Losses	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Allowance for Loans Losses	Note 5 – Allowance for Loans Losses A summary of changes in the allowance for loans losses for the nine months ended September 30, 2020 and year ended December 31, 2019 is as follows: September 30, 2020 December 31, 2019 (in thousands) Allowance, beginning of period $ 4,572 $ 3,580 Charge-Offs Commercial and industrial $ — $ (43 ) Real estate, mortgage — (4 ) Consumer and other loans (787 ) (914 ) Total charge-offs (787 ) (961 ) Recoveries Commercial and industrial $ 34 $ — Real estate, mortgage — 6 Consumer and other loans 229 205 Total recoveries 263 211 Net charge-offs (524 ) (750 ) Provision for loan losses 8,075 1,742 Allowance, end of period $ 12,123 $ 4,572 Note 5 – Allowance for Loans Losses, continued (in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Total September 30, 2020 Commercial and industrial $ 490 $ 444,228 $ 444,718 Real Estate – construction, commercial — 49,884 49,884 Real Estate – construction, residential — 19,001 19,001 Real Estate – mortgage, commercial 335 272,443 272,778 Real Estate – mortgage, residential 624 210,055 210,679 Real Estate – mortgage, farmland — 4,176 4,176 Consumer installment loans — 45,144 45,144 Gross loans 1,449 1,044,931 1,046,380 Less: Unearned income — (7,200 ) (7,200 ) Total $ 1,449 $ 1,037,731 $ 1,039,180 (in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Total December 31, 2019 Commercial and industrial $ 280 $ 77,448 $ 77,728 Real Estate – construction, commercial — 38,039 38,039 Real Estate – construction, residential — 26,778 26,778 Real Estate – mortgage, commercial 733 251,091 251,824 Real Estate – mortgage residential 395 208,099 208,494 Real Estate – mortgage, farmland — 5,507 5,507 Consumer installment loans — 39,202 39,202 Gross loans 1,408 646,164 647,572 Less: Unearned income — (738 ) (738 ) Total $ 1,408 $ 645,426 $ 646,834 The following table presents information related to impaired loans, by portfolio segment, at the dates presented. September 30, 2020 (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no specific allowance recorded: Real estate – mortgage, residential $ 624 $ 624 $ — $ 696 $ 28 With an allowance recorded: Commercial and industrial 490 490 70 375 1 Real estate – mortgage, commercial 335 335 97 337 7 $ 1,449 $ 1,449 $ 167 $ 1,408 $ 36 Note 5 – Allowance for Loans Losses, continued December 31, 2019 (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no specific allowance recorded: Real estate – mortgage, residential $ 395 $ 395 $ — $ 527 $ 7 With an allowance recorded: Commercial and industrial 280 280 143 286 2 Real estate – mortgage, commercial 733 733 98 734 5 $ 1,408 $ 1,408 $ 241 $ 1,547 $ 14 Purchased loans from the 2016 River Bancorp, Inc. acquisition had remaining balances (in thousands) of $13,787 and 19,686 as of September 30, 2020 and December 31, 2019, respectively. Of these balances, three loan relationships were considered specifically impaired purchased credit-impaired loans. One of these relationships was resolved during 2018 and the Company recovered $200 of the balance previously written-off. During the first quarter of 2019, another loan relationship was resolved and the Company recovered $200 of the balance previously written-off. At September 30, 2020, the remaining specifically impaired purchased-credit impaired loans totaled $2,159 with a specific impairment of $190. The following table presents the recorded investment in the segments of the River Bancorp, Inc. purchased loans as of September 30, 2020 and December 31, 2019 (in thousands): September 30, 2020 December 31, 2019 Real Estate Construction loans and all land development and other land loans $ 900 $ 1,397 Revolving, open-end loans secured by 1-4 family residential properties and extended under lines of credit 2,584 2,709 Secured by first liens 5,743 6,971 Secured by junior liens 380 394 Secured by multifamily (five or more) residential properties 55 63 Loans secured by owner-occupied, nonfarm nonresidential properties 3,406 4,459 Loans secured by other nonfarm nonresidential properties — 2,322 Commercial and Industrial 644 1,272 Other Other revolving credit plans 19 26 Automobile loans 7 10 Other consumer loans 49 63 Total $ 13,787 $ 19,686 Note 5 – Allowance for Loans Losses, continued The following table presents the Company’s loan portfolio by internal loan grade (in thousands) as of September 30, 2020 and December 31, 2019: September 30, 2020 Grade 1 Prime Grade 2 Desirable Grade 3 Good Grade 4 Acceptable Grade 5 Pass/Watch Grade 6 Special Mention Grade 7 Substandard Total Commercial and industrial $ 362,661 $ 1,317 $ 27,454 $ 44,134 $ 7,394 $ 993 $ 765 $ 444,718 Real Estate – construction, commercial — 2,250 25,833 20,709 157 — 935 49,884 Real Estate – construction, residential — — 4,282 8,999 5,720 — — 19,001 Real Estate – mortgage, commercial — 3,273 128,673 126,106 7,355 4,918 2,453 272,778 Real Estate – mortgage residential — 3,366 103,548 95,987 5,945 154 1,679 210,679 Real Estate – mortgage, farmland 589 105 1,302 2,180 — — — 4,176 Consumer installment loans 285 36 17,332 26,638 194 4 655 45,144 Gross loans 363,535 10,347 308,424 324,753 26,765 6,069 6,487 1,046,380 Less: Unearned income (7,200 ) Total $ 1,039,180 December 31, 2019 Grade 1 Prime Grade 2 Desirable Grade 3 Good Grade 4 Acceptable Grade 5 Pass/Watch Grade 6 Special Mention Grade 7 Substandard Total Commercial and industrial $ 1,509 $ 1,042 $ 35,180 $ 37,458 $ 568 $ 1,488 $ 483 $ 77,728 Real Estate – construction, commercial — 1,454 24,667 10,850 102 — 966 38,039 Real Estate – construction, residential — 139 9,355 14,331 2,953 — — 26,778 Real Estate – mortgage, commercial — 4,971 118,488 114,598 9,273 1,935 2,559 251,824 Real Estate – mortgage residential — 4,611 100,665 98,116 3,470 130 1,502 208,494 Real Estate – mortgage, farmland 1,467 134 1,736 2,170 — — — 5,507 Consumer installment loans 293 72 17,872 20,067 116 — 782 39,202 Gross loans 3,269 12,423 307,963 297,590 16,482 3,553 6,292 647,572 Less: Unearned income (738 ) Total $ 646,834 The Company also utilizes the grades 8 (Doubtful) and 9 (Loss). There were no loans classified in these categories at September 30, 2020 and December 31, 2019. The Company categorizes loans into risk categories based on relevant information about the ability of borrowers to service their debt such as current financial information, historical payment experience, collateral adequacy, credit documentation, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans as to credit risk. This analysis typically includes larger, non-homogeneous loans such as commercial real estate and commercial and industrial loans. This analysis is performed on an ongoing basis as new information is obtained. The Company uses the following definitions for risk ratings: Risk Grade 1 – Prime Loans: This grade is reserved for only the strongest of loans. These loans are to individuals or corporations that are well known to the bank and are always secured with an almost guaranteed source of repayment such as a lien on a bank certificate of deposit or savings account. Character, credit history, and ability of individuals or company principals are excellent and unquestioned. Source of income and industry of borrower appears stable. High liquidity, minimum risk, good ratios and low handling cost. Risk Grade 2 – Desirable Loans: This grade is reserved for new loans that are within guidelines and where the borrowers have documented significant overall financial strength. A liquid financial statement is generally a financial statement with substantial liquid assets, particularly relative to the debts. These loans have excellent sources of repayment, with no significant identifiable risk of collection, and conform in all respects to policy, guidelines, underwriting standards, and federal and state regulations (no exceptions of any kind). Note 5 – Allowance for Loans Losses, continued Risk Grade 3 – Good Loans: This grade is reserved for loans which exhibit satisfactory credit risk. These loans have adequate sources of repayment, with little 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 Blue Ridge Bank guidelines, or that can be supplemented with verifiable cash flow from other sources, and (3) adequate secondary sources to liquidate the debt, including combinations of liquidity, liquidation of collateral, or liquidation value to the net worth of the borrower or guarantor. Risk Grade 4 – Acceptable Loans : This grade is given to satisfactory loans containing more risk than Risk Grade 3 loans. These loans have adequate sources of repayment, with little identifiable risk of collection. Loans assigned this risk grade will demonstrate the following characteristics: (1) general conformity to Blue Ridge 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, including combinations of liquidity, liquidation of collateral, or liquidation value to the net worth of the borrower or guarantor. Risk Grade 5 – Pass/Watch Loans: This grade is for satisfactory loans containing acceptable but elevated risk. These loans are characterized by borrowers who have a marginal cash flow, marginal profitability, or have experienced an unprofitable year and declining financial condition. The borrower has in the past satisfactorily handled debts with the bank, but in recent months has either been late, delinquent in making payments, or made sporadic payments. While the bank continues to be adequately secured, margins have decreased or are decreasing, despite the borrower’s continued satisfactory condition. These loans require more diligent monitoring due to characteristics such as: (1) additional exceptions to Blue Ridge Bank's policy requirements, product guidelines or underwriting standards that present a higher degree of risk, (2) unproved, insufficient or marginal primary sources of repayment that appear sufficient to service the debt at this time, and (3) marginal or unproven secondary sources to liquidate the debt, including combinations of liquidation of collateral and liquidation value to the net worth of the borrower or guarantor. Risk Grade 6 – Special Mention: This grade is for loans classified as Special Mention. They 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 asset or in the institution's credit position at some future date. Special Mention assets are not adversely classified and do not expose an institution to sufficient risk to warrant adverse classification. Special mention credits typically exhibit underwriting guideline tolerances and/or exceptions with no mitigating factors, or emerging weaknesses that may or may not be cured as time passes. 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. Loans consistently not meeting the repayment schedule should be downgraded to substandard. 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) high debt to worth ratios, (2) declining or negative earnings trends, (3) declining or inadequate liquidity, (4) improper loan structure, (5) questionable repayment sources, (6) lack of well-defined secondary repayment source, and (7) unfavorable competitive comparisons. Such loans are no longer considered to be adequately protected due to the borrower's declining net worth, lack of earnings capacity, declining collateral margins and/or unperfected collateral positions. A possibility of loss of a portion of the loan balance cannot be ruled out. The repayment ability of the borrower is marginal or weak and the loan may have exhibited excessive overdue status or extensions and/or renewals. Risk Grade 8 – Doubtful: Loans classified Doubtful have all the weaknesses inherent in loans classified Substandard, plus 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 debt. Among these events are: (1) injection of capital, (2) alternative financing, (3) liquidation of assets or the pledging of additional collateral, and (4) the ability of the borrower to service the debt is extremely weak, overdue status is constant, the debt has been placed on non-accrual status, and no definite repayment schedule exists. 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. Risk Grade 9 – Loss: Loans classified Loss are considered uncollectable and of such little value that their 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 writing off this worthless loan even though partial recovery may be effected in the future. Probable Loss portions of Doubtful assets should be charged against the reserve for loan losses. Loans may reside in this classification for administrative purposes for a period not to exceed the earlier of thirty (30) days or calendar quarter-end.

Goodwill and Intangibles

Goodwill and Intangibles	9 Months Ended
	Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	Note 6 – Goodwill and Intangibles The balance in goodwill is the result of a branch acquisition in Charlottesville, Virginia in 2011, the acquisition of River Bancorp, Inc. in 2016, the acquisition of a mortgage line of business in 2018, the 35% ownership acquisition in Hammond Insurance Agency, Inc. in 2019, and the acquisition of VCB in 2019. The purpose of these acquisitions was to expand the geographic service area by targeting attractive markets with potential to provide continued balance sheet growth and new opportunities for the Company. Management evaluates at least annually the recorded value of goodwill. Goodwill is not an amortizing intangible. In the event the asset suffers a decline in value based on criteria established in governing accounting standards, an impairment will be recorded. September 30, 2020 December 31, 2019 Goodwill Charlottesville Branch Acquisition $ 366 $ 366 River Bancorp, Inc. Acquisition 1,728 1,728 Mortgage Business Acquisition 600 600 Hammond Insurance Agency Acquisition 613 613 Virginia Community Bankshares, Inc. Acquisition 16,585 16,608 $ 19,892 $ 19,915 Information concerning amortizable intangibles included in other assets on the balance sheet is as follows: September 30, 2020 December 31, 2019 Amortizable Intangibles Customer-Based Intangible - MoneyWise Payroll $ 394 $ 541 Customer-Based Intangible - Hammond Insurance Agency 350 375 Customer-Based Intangible - LenderSelect Mortgage Group 648 720 Core Deposit Intangible - River Community Bank 94 211 Core Deposit Intangible - Virginia Community Bank 1,444 1,690 Other 92 181 $ 3,022 $ 3,718 Beginning the second quarter of 2020, the Company began recording mortgage servicing rights. At September 30, 2020, the Company was servicing approximately $435.4 million of loans originated by the mortgage division and sold to the secondary market. The initial recording of the mortgage servicing rights was at fair value and occurred in June 2020 and resulted in both an asset and mortgage loan servicing income of $1.6 million. Subsequently, the mortgage servicing asset is being measured using the amortization method and evaluated for impairment each quarter end. At September 30, 2020, the mortgage servicing asset was $3.2 million.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities	Note 7 - Derivative Financial Instruments and Hedging Activities During the first quarter of 2019, the Company entered into an interest rate swap agreement (‘‘swap agreement’’) to facilitate the risk management strategies needed in order to accommodate the needs of its banking customers. The Company mitigates the risk of entering into these loan agreements by entering into equal and offsetting swap agreements with a highly rated third-party financial institution. This back-to-back swap agreement is a free-standing derivative and is recorded at fair value in the Company’s consolidated balance sheets (asset positions are included in other assets and liability positions are included in other liabilities) as of September 30, 2020. September 30, 2020 Notional Amount Fair Value (in thousands) Interest Rate Swap Agreements Receive Fixed/Pay Variable Swaps $ 2,111 $ 379 Pay Fixed/Receive Variable Swaps 2,111 (379 ) Note 7 - Derivative Financial Instruments and Hedging Activities, continued The Company has entered into various cash flow hedges as defined by ASC 815-20 during 2019 and 2020. The objective of this interest rate swap was to hedge the risk of variability in its cash flows attributable to changes in the 3-month LIBOR benchmark rate component of forecasted 3-month fixed rate funding advances from the FHLB. The hedging objective was to reduce the interest rate risk associated with the Company’s fixed rate advances from the designation date and going through the maturity date. The identified hedge layers are summarized as follows, (in thousands): 3-Month LIBOR Cash & Securities Period Hedged Hedged Notional Exposure Hedged From To $ 15,000 $ 15,000 July 1, 2019 July 1, 2022 25,000 25,000 August 2, 2019 February 2, 2023 10,000 10,000 August 29, 2019 August 29, 2023 Each hedge layer identified in the table above has a variable receive leg of 3-month LIBOR and a fixed pay leg of 1.80%. At the time the hedges identified in the table above expire, new hedges will begin summarized as follows (in thousands): 3-Month LIBOR Cash & Securities Period Hedged Hedged Notional Exposure Hedged From To $ 15,000 $ 15,000 July 1, 2022 July 1, 2032 25,000 25,000 February 2, 2023 February 2, 2033 10,000 10,000 August 29, 2023 August 29, 2033 Each hedge layer identified in the table above has a variable receive leg of 3-month LIBOR and a fixed pay leg ranging from 0.92% to 0.95%. Beginning in 2020, the Company entered into three additional hedges summarized as follows (in thousands): 3-Month LIBOR Cash & Securities Period Hedged Hedged Notional Exposure Hedged From To $ 20,000 $ 20,000 March 13, 2020 March 13, 2030 35,000 35,000 May 6, 2020 May 6, 2027 10,000 10,000 May 29, 2020 May 29, 2027 Each hedge layer identified in the table above has a variable receive leg of 3-month LIBOR and a fixed pay leg ranging from 0.83% to 0.86%. The Company had cash collateral with the counterparty of these hedges of $6.0 million as of September 30, 2020. The Bank also participates in a “mandatory” delivery program for its government guaranteed and conventional mortgage loans held for sale. Under the mandatory delivery system, loans with interest rate locks are paired with the sale of a to be announced mortgage-backed security bearing similar attributes. Under the mandatory delivery program, the Bank commits to deliver loans to an investor at an agreed upon price prior to the close of such loans. This differs from a “best efforts” delivery, which sets the sale price with the investor on a loan-by-loan basis when each loan is locked.

Employee Benefit Plan

Employee Benefit Plan	9 Months Ended
	Sep. 30, 2020
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plan	Note 8 – Employee Benefit Plan The Company has a 401(k) Profit Sharing Plan that covers eligible employees. Employees may make voluntary contributions subject to certain limits based on federal tax laws. The Bank matches 100% of an employee’s contribution up to 5% of his or her salary following one year of continuous service and the benefits vest immediately. The Company’s Board of Directors may make additional contributions at its discretion. Employees become eligible to participate in the discretionary contributions after one year of continuous service and the benefits vest over a five-year period. For the three months ended September 30, 2020 and 2019, total expenses attributable to this plan were $356,642 and $182,091, respectively. For the nine months ended September 30, 2020 and 2019, total expenses attributable to this plan were $686,291 and $454,439, respectively. Note 8 – Employee Benefit Plan, continued In 2013, the Company established an ESOP that covers eligible employees. Benefits in the ESOP vest over a five-year period. Contributions to the plan are made at the discretion of the Board of Directors and may include both the matching component to employees’ elective deferrals into the 401(k) plan and discretionary profit contributions. The ESOP held 104,058 and 79,800 total shares of Company’s common stock at September 30, 2020 and December 31, 2019, respectively. All shares issued to and held by the ESOP are considered outstanding in the computation of earnings per share. The plan or the Company is required to purchase shares from separated employees at a price determined by an established securities market, otherwise a third-party valuation is required.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	Note 9 – Stock-Based Compensation The Company has granted restricted stock awards to employees under the Blue Ridge Bankshares, Inc. Equity Incentive Plan. The restricted stock awards are considered fixed awards as the number of shares and fair value is known at the date of grant and the fair value at the grant date is amortized over the vesting period. Non-cash compensation expense recognized in the Consolidated Statements of Income related to restricted stock awards, net of forfeitures, was $203 thousand and $41 thousand for the three months ended September 30, 2020 and 2019, respectively, and $352 thousand and $160 thousand for the nine months ended September 30, 2020 and 2019, respectively. The grant date fair value of restricted stock awards outstanding at September 30, 2020 and December 31, 2019 was $1.1 million and $1.3 million, respectively.

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value	Note 10 – 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. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. The Company records fair value adjustments to certain assets and liabilities and determines fair value disclosures utilizing a definition of fair value of assets and liabilities that states that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Additional considerations are involved to determine the fair value of financial assets in markets that are not active. The Company uses a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. The three levels of the fair value hierarchy based on these two types of inputs 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 describes the valuation techniques used by the Company to measure certain financial assets and liabilities recorded at fair value on a recurring basis in the financial statements: Securities Where quoted prices are available in an active market, securities are classified within Level 1 of the valuation hierarchy. Level 1 securities would include highly liquid government bonds, mortgage products and exchange traded equities. If quoted market prices are not available, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics, or discounted cash flow. Level 2 securities would include U.S. agency securities, mortgage-backed agency securities, obligations of states and political subdivisions and certain corporate, asset backed and other securities. In certain cases where there is limited activity or less transparency around inputs to the valuation, securities are classified within Level 3 of the valuation hierarchy. The carrying value of restricted FRB and FHLB stock approximates fair value based upon the redemption provisions of each entity and is therefore excluded from the following table. Note 10– Fair Value, continued The following tables present the balances of financial assets measured at fair value on a recurring basis: September 30, 2020 (in thousands) Total Level 1 Level 2 Level 3 Available for sale securities State and municipal $ 14,011 $ — $ 14,011 $ — U.S. Treasury and agencies 2,466 2,466 Mortgage backed securities 79,491 — 79,491 — Corporate bonds 17,921 — 17,921 — Total securities available for sale $ 113,889 $ — $ 113,889 $ — December 31, 2019 (in thousands) Total Level 1 Level 2 Level 3 Available for sale securities U.S. Treasury and agencies $ 2,449 $ — $ 2,449 $ — Mortgage backed securities 95,485 — 95,485 — Corporate bonds 10,637 — 10,637 — Total securities available for sale $ 108,571 $ — $ 108,571 $ — Certain financial assets are measured at fair value on a nonrecurring basis in accordance with U.S. GAAP. Adjustments to the fair value of these assets usually result from the application of lower-of-cost-or-market accounting or write-downs of individual assets. The following describes the valuation techniques used by the Company to measure certain financial assets recorded at fair value on a nonrecurring basis in the financial statements. Loans Held for Sale Mortgage loans originated or purchased and intended for sale in the secondary market are carried at the lower of cost or estimated market value in the aggregate. The agreed upon sales price is considered fair value as all of these loans are under agreements to sell to investors at the time of origination. This amount is generally the loan’s principal amount. Changes in fair value are recognized in the Gain on Sale of Mortgages on the Consolidated Statements of Income. Other Real Estate Owned Certain assets such as OREO are measured at fair value less cost to sell. Valuation of OREO is determined using current appraisals from independent parties, a level 2 input. If current appraisals cannot be obtained prior to reporting dates, or if declines in value are identified after a recent appraisal is received, appraisal values are discounted, resulting in Level 3 estimates. If the Company markets the property with a realtor, estimated selling costs reduce the fair value, resulting in a valuation based on Level 3 inputs. The Company markets OREO both independently and with local realtors. Properties marketed by realtors are discounted by selling costs. Properties that the Company markets independently are not discounted by selling costs. The Company had no OREO at September 30, 2020 and December 31, 2019.

Disclosures About Fair Value of

Disclosures About Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2020
Disclosures About Fair Value Of Financial Instruments [Abstract]
Disclosures About Fair Value of Financial Instruments	Note 11 – Disclosures About Fair Value of Financial Instruments The estimated fair values, and related carrying amounts, of the Company’s financial instruments at the dates presented are as follows: Fair Value Measurements at September 30, 2020 Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value (in thousands) Financial Assets Cash and short-term investments $ 77,596 $ 77,596 $ — $ — $ 77,596 Investment securities 123,330 — 123,330 — 123,330 Loans held for sale 193,122 — 193,122 — 193,122 Net loans held for investment 1,039,180 — — 1,034,898 1,034,898 Accrued interest receivable 5,193 — 5,193 — 5,193 Bank-owned life insurance 15,013 — 15,013 — 15,013 Financial Liabilities Deposits 915,266 — 643,704 278,584 922,288 Federal funds purchased 135 135 135 Other borrowed funds 459,476 — 459,476 — 459,476 Subordinated debt, net 24,489 — — 25,326 25,326 Accrued interest payable 644 — 644 — 644 Fair Value Measurements at December 31, 2019 Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value (in thousands) Financial Assets Cash and short-term investments $ 60,026 $ 60,026 $ — $ — $ 60,026 Federal funds sold 480 480 — — 480 Investment securities 128,897 — 129,359 — 129,359 Loans held for sale 55,646 — 55,646 — 55,646 Net loans held for investment 642,262 — — 643,878 643,878 Accrued interest receivable 2,590 — 2,590 — 2,590 Bank-owned life insurance 14,734 — 14,734 — 14,734 Financial Liabilities Deposits 722,030 — 542,805 168,736 711,541 Other borrowed funds 124,800 — 124,971 — 124,971 Subordinated debt, net 9,800 — — 9,784 9,784 Accrued interest payable 706 — 706 — 706

Business Segments

Business Segments	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Business Segments	Note 12 – Business Segments The Company utilizes its subsidiaries and divisions to provide multiple business segments including retail banking, mortgage banking, and payroll processing services. Revenues from retail banking operations consist primarily of interest earned on loans and investment securities and service charges on deposit accounts. Mortgage banking operating revenues consist principally of gains on sales of loans in the secondary market, loan origination fee income and interest earned on mortgage loans held for sale. Revenues from payroll services consist of fees charged to customers for payroll services. The following tables present revenues and expenses by segment for the three and nine months ended September 30, 2020 and September 30, 2019. Three Months Ended September 30, 2020 (in thousands) Blue Ridge Bank Blue Ridge Bank Mortgage Division MoneyWise Payroll Solutions, Inc. Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 13,495 $ 917 $ — $ 32 $ — $ 14,444 Service charges on deposit accounts 215 — — — — 215 Mortgage banking income, net — 16,044 — — — 16,044 Payroll processing revenue — — 221 — — 221 Other operating income 1,275 — — — (6 ) 1,269 Total income 14,985 16,961 221 32 (6 ) 32,193 Expenses: Interest expense 2,132 72 — 411 — 2,615 Provision for loan losses 4,000 — — — — 4,000 Salary and benefits 3,311 8,455 114 — — 11,880 Other operating expenses 3,370 2,133 133 1,302 (6 ) 6,932 Total expense 12,813 10,660 247 1,713 (6 ) 25,427 Income (loss) before income taxes 2,172 6,301 (26 ) (1,681 ) — 6,766 Income tax expense (benefit) 528 1,276 (5 ) (92 ) — 1,707 Net income (loss) $ 1,644 $ 5,025 $ (21 ) $ (1,589 ) $ — $ 5,059 Net (income) loss attributable to noncontrolling interest $ — $ — $ 4 $ — $ — $ 4 Net income (loss) attributable to Blue Ridge Bankshares $ 1,644 $ 5,025 $ (17 ) $ (1,589 ) $ — $ 5,063 Note 12 – Business Segments, continued Nine Months Ended September 30, 2020 (in thousands) Blue Ridge Bank Blue Ridge Bank Mortgage Division MoneyWise Payroll Solutions, Inc. Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 35,985 $ 2,012 $ — $ 37 $ — $ 38,034 Service charges on deposit accounts 669 — — — — 669 Mortgage banking income, net — 35,210 — — — 35,210 Payroll processing revenue — — 736 — — 736 Other operating income 2,673 — — — (18 ) 2,655 Total income 39,327 37,222 736 37 (18 ) 77,304 Expenses: Interest expense 6,440 243 — 854 — 7,537 Provision for loan losses 8,075 — — — — 8,075 Salary and benefits 9,586 20,221 334 — — 30,141 Other operating expenses 8,771 4,914 393 1,757 (18 ) 15,817 Total expense 32,872 25,378 727 2,611 (18 ) 61,570 Income (loss) before income taxes 6,455 11,844 9 (2,574 ) — 15,734 Income tax expense (benefit) 1,443 2,440 2 (267 ) — 3,618 Net income (loss) $ 5,012 $ 9,404 $ 7 $ (2,307 ) $ — $ 12,116 Net (income) loss attributable to noncontrolling interest $ — $ — $ (1 ) $ — $ — $ (1 ) Net income (loss) attributable to Blue Ridge Bankshares, Inc. $ 5,012 $ 9,404 $ 6 $ (2,307 ) $ — $ 12,115 Note 12 – Business Segments, continued Three Months Ended September 30, 2019 (in thousands) Blue Ridge Bank Blue Ridge Bank Mortgage Division MoneyWise Payroll Solutions, Inc. Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 7,757 $ 359 $ — $ 2 $ — $ 8,118 Service charges on deposit accounts 171 — — — — 171 Mortgage banking income, net — 3,943 — — — 3,943 Payroll processing revenue — — 232 — — 232 Other operating income 610 — — 23 (6 ) 627 Total income 8,538 4,302 232 25 (6 ) 13,091 Expenses: Interest expense 2,289 215 — 178 — 2,682 Provision for loan losses 570 — — — — 570 Salary and benefits 2,126 2,858 95 — — 5,079 Other operating expenses 1,785 955 119 275 (6 ) 3,128 Total expense 6,770 4,028 214 453 (6 ) 11,459 Income (loss) before income taxes 1,768 274 18 (428 ) — 1,632 Income tax expense 344 80 (1 ) (44 ) — 379 Net income (loss) $ 1,424 $ 194 $ 19 $ (384 ) $ — $ 1,253 Net (income) loss attributable to noncontrolling interest $ — $ — $ (3 ) $ — $ — $ (3 ) Net income (loss) attributable to Blue Ridge Bankshares $ 1,424 $ 194 $ 16 $ (384 ) $ — $ 1,250 Nine Months Ended September 30, 2019 (in thousands) Blue Ridge Bank Blue Ridge Bank Mortgage Division MoneyWise Payroll Solutions, Inc. Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 21,581 $ 845 $ — $ 4 $ — $ 22,430 Service charges on deposit accounts 459 — — — — 459 Mortgage banking income, net — 10,966 — — — 10,966 Payroll processing revenue — — 743 — — 743 Other operating income 2,057 — — 48 (18 ) 2,087 Total income 24,097 11,811 743 52 (18 ) 36,685 Expenses: Interest expense 5,921 490 — 532 — 6,943 Provision for loan losses 1,465 — — — — 1,465 Salary and benefits 6,167 7,711 271 — — 14,149 Other operating expenses 5,194 2,697 344 851 (18 ) 9,068 Total expense 18,747 10,898 615 1,383 (18 ) 31,625 Income (loss) before income taxes 5,350 913 128 (1,331 ) — 5,060 Income tax expense (benefit) 932 193 22 (158 ) — 989 Net income (loss) $ 4,418 $ 720 $ 106 $ (1,173 ) $ — $ 4,071 Net (income) loss attributable to noncontrolling interest $ — $ — $ (21 ) $ — $ — $ (21 ) Net income (loss) attributable to Blue Ridge Bankshares, Inc. $ 4,418 $ 720 $ 85 $ (1,173 ) $ — $ 4,050

Other Borrowed Funds

Other Borrowed Funds	9 Months Ended
	Sep. 30, 2020
Other Borrowed Funds [Abstract]
Other Borrowed Funds	Note 13 - Other Borrowed Funds Other borrowings on the consolidated balance sheet include $115.0 million at September 30, 2020 composed of advances from the FHLB. The Company utilizes the FHLB advance programs to fund loan growth and provide liquidity. FHLB borrowings decreased $9.8 million from $124.8 million at December 31, 2019. (Dollars in thousands) September 30, 2020 December 31, 2019 FHLB borrowings $ 115,000 $ 124,800 Weighted average interest rate 0.24 % 1.92 % Federal Reserve Paycheck Protection Program Liquidity Facility $ 344,476 $ — Weighted average interest rate 0.35 % — Other borrowings on the consolidated balance sheet also includes $344.5 million of borrowed funds from the Federal Reserve Paycheck Protection Program Liquidity Facility. These funds were solely used to provide funding under the Paycheck Protection Program and bear an interest rate of 0.35%. The funds are expected to pay down as loans to the Bank’s borrowers are forgiven under the program.

Subordinated Debt

Subordinated Debt	9 Months Ended
	Sep. 30, 2020
Subordinated Borrowings [Abstract]
Subordinated Debt	Note 14 - Subordinated Debt On November 20, 2015, the Company entered into a Subordinated Note Purchase Agreement with 14 institutional accredited investors under which the Company issued an aggregate of $10,000,000 of subordinated notes (the “2015 Notes”) to the institutional accredited investors. The 2015 Notes have a maturity date of December 1, 2025. The 2015 Notes bear interest, payable on the 1 st On May 28, 2020, the Company entered into a Subordinated Note Purchase Agreement with an institutional investor under which the Company issued a subordinated note with a principal amount of $15,000,000 (the “2020 Note”). The 2020 Note has a maturity date of June 1, 2030. The 2020 Note bears interest, payable on the 1 st Note 14 - Subordinated Debt, continued As part of these transactions, the Company incurred issuance costs totaling $687,500. These costs are being amortized over the life of the Notes. The following table summarizes the balance of the Notes and related issuance costs at September 30, 2020 and December 31, 2019: September 30, December 31, (in thousands) 2020 2019 Subordinated debt $ 25,000 $ 10,000 Unamortized issuance costs (511 ) (200 ) Subordinated debt, net $ 24,489 $ 9,800

Revenue from Contracts with Cus

Revenue from Contracts with Customers	9 Months Ended
	Sep. 30, 2020
Revenue From Contract With Customer [Abstract]
Revenue from Contracts with Customers	Note 15 - Revenue from Contracts with Customers In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606). ASU 2014-09 is a comprehensive revenue recognition model that requires a company to recognize revenue to depict the transfer of goods or services to a customer at an amount that reflects the consideration it expects to receive in exchange for those goods or services. Interest income, loan fees, realized securities gains and losses, bank owned life insurance income, small business investment company income, and mortgage banking revenue are not in the scope of ASC Topic 606. All of the Company’s revenue from contracts with customers in the scope of ASC 606 is recognized within noninterest income in the consolidated statements of income. Incremental costs of obtaining a contract are expensed when incurred when the amortization period is one year or less. A description of the Company’s significant sources of revenue accounted for under ASC 606 is as follows: Service fees on deposit accounts are fees charged to deposit customers for transaction-based, account maintenance and overdraft services. Transaction-based fees, which are earned based on specific transactions or customer activity within a customer’s deposit account, are recognized at the time the related transaction or activity occurs, as it is at this point when the customer’s request has been fulfilled. Account maintenance fees, which relate primarily to monthly maintenance, are earned over the course of a month, representing the period over which the performance obligation was satisfied. Overdraft fees are recognized when the overdraft occurs. Service fees on deposit accounts are paid through a direct charge to the customer’s account. Bank card revenue is comprised of interchange revenue and automated teller machine (“ATM”) fees. Interchange revenue is earned when bank debit and credit cardholders conduct transactions through VISA, MasterCard, and other payment networks. Interchange fees represent a percentage of the underlying cardholder’s transaction value and are generally recognized daily, concurrent with the transaction processing services provided to the cardholder. ATM fees are earned when a non-Bank cardholder uses a Bank ATM. ATM fees are recognized daily, as the related ATM transactions are settled. Payroll processing income is comprised of fees charged to customers for payroll services through MoneyWise Payroll Solutions, Inc., of which the Bank owns a controlling interest. The following table (in thousands) illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 and those which are within the scope of other ASC Topics: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Service fees on deposit accounts $ 215 $ 171 $ 669 $ 459 Bank card revenue 349 116 948 408 Payroll processing income 221 232 736 743 Revenue from contracts with customers 785 519 2,353 1,610 Non-interest income within scope of other ASC topics 16,964 4,454 36,917 12,645 Total noninterest income $ 17,749 $ 4,973 $ 39,270 $ 14,255

Leases

Leases	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Leases	Note 16 – Leases On January 1, 2019, the Company adopted ASU No. 2016-02 “Leases (Topic 842)” and all subsequent ASUs that modified Topic 842. The Company elected the prospective application approach provided by ASU 2018-11 and did not adjust prior periods for ASC 842. The Company also elected certain practical expedients within the standard and consistent with such elections did not reassess whether any expired or existing contracts are or contain leases, did not reassess the lease classification for any expired or existing leases, and did not reassess any initial direct costs for existing leases. The implementation of the new standard resulted in recognition of a right-of-use asset and lease liability of $7.0 million at the date of adoption, which is related to the Company’s lease of premises used in operations. The right-of-use asset and lease liability are included in other assets and other liabilities, respectively, in the Consolidated Balance Sheets. Lease liabilities represent the Company’s obligation to make lease payments and are presented at each reporting date as the net present value of the remaining contractual cash flows. Cash flows are discounted at the Company’s incremental borrowing rate in effect at the commencement date of the lease. Right-of-use assets represent the Company’s right to use the underlying asset for the lease term and are calculated as the sum of the lease liability and if applicable, prepaid rent, initial direct costs and any incentives received from the lessor. 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 the Company has included such extensions in its 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: (dollars in thousands) September 30, 2020 Lease liabilities $ 5,795 Right-of-use assets $ 5,634 Weighted average remaining lease term 5.77 years Weighted average discount rate 2.77 % For the Three Months Ended September 30, For the Nine Months Ended September 30, Lease Cost (in thousands) 2020 2019 2020 2019 Operating lease cost $ 458 $ 369 $ 1,347 $ 1,104 Total lease cost $ 458 $ 369 $ 1,347 $ 1,104 Cash paid for amounts included in the measurement of lease liabilities $ 449 $ 218 $ 1,308 $ 874 A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: As of Lease payments due (in thousands) September 30, 2020 Three months ending December 31, 2020 $ 329 Twelve months ending December 31, 2021 1,316 Twelve months ending December 31, 2022 1,114 Twelve months ending December 31, 2023 991 Twelve months ending December 31, 2024 654 Twelve months ending December 31, 2025 492 Thereafter 1,487 Total undiscounted cash flows 6,383 Discount (588 ) Lease liabilities $ 5,795

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying unaudited consolidated financial statements of Blue Ridge Bankshares, Inc. (the “Company” or “Blue Ridge”) include the accounts of Blue Ridge Bank, N.A. (the “Bank”), PVB Properties, LLC, VCB Services, LLC, and MoneyWise Payroll Solutions, Inc. (net of noncontrolling interest) and were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for the interim financial information. Accordingly, these financial statements do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Operating results for the quarter and nine months ended September 30, 2020 are not necessarily indicative of the results that may be expected for the year ending December 31, 2020. 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, 2019. The accompanying unaudited consolidated financial statements include the accounts of the Company, the Bank and its subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
Nature of Operations	Nature of Operations The Company operates under the supervision and regulation of the Board of Governors of the Federal Reserve System (the “Federal Reserve”) and the Bureau of Financial Institutions of the Virginia State Corporation Commission, while the Bank operates under a national charter subject to the supervision and regulation of the Office of the Comptroller of the Currency (the “OCC”). The Bank provides commercial banking services to customers located primarily in the Piedmont, Southside, and Shenandoah Valley regions of the Commonwealth of Virginia and also operates under the name Carolina State Bank in Greensboro, North Carolina. Mortgage lending services are provided in these regions as well with additional mortgage offices located in Northern Virginia, Maryland, North Carolina, Delaware, and South Carolina.
Basis of Presentation	Basis of Presentation The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Material estimates that are particularly susceptible to significant change in the near term relate to the determination of the allowance for loan losses, goodwill and intangibles, fair value, the valuation of deferred tax assets and liabilities, and valuation of foreclosed real estate. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, which are necessary for fair presentation of the results of operations in these financial statements, have been made.
Reclassification	Reclassification Certain reclassifications have been made to prior period amounts to conform to current period presentation. None of these reclassifications are considered material and have no impact on net income.
Earnings Per Share	Earnings Per Share Accounting guidance specifies the computation, presentation and disclosure requirements for earnings per share (“EPS”) for entities with publicly held common stock or potential common stock such as options, warrants, convertible securities or contingent stock agreements if those securities trade in a public market. Employee Stock Ownership Plan (“ESOP”) shares are considered outstanding for this calculation. Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding. Diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive common shares had been issued. The Company had no dilutive common shares outstanding at September 30, 2020 and 2019. The following table sets forth the computation of basic and diluted earnings per share for the three months and nine months ended September 30, 2020 and 2019. For the three months ended September 30, For the nine months ended September 30, 2020 2019 2020 2019 Net income $ 5,059,000 $ 1,253,000 $ 12,116,000 $ 4,071,000 Net (income) loss attributable to noncontrolling interest 4,000 (3,000 ) (1,000 ) (21,000 ) Net income available to common shareholders $ 5,063,000 $ 1,250,000 $ 12,115,000 $ 4,050,000 Weighted average common shares 5,718,621 4,346,866 5,680,930 3,998,267 Effect of dilutive securities — — — — Diluted average common shares 5,718,621 4,346,866 5,680,930 3,998,267 Earnings per common share $ 0.88 $ 0.29 $ 2.13 $ 1.01 Diluted earnings per common share $ 0.88 $ 0.29 $ 2.13 $ 1.01
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-13, "Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments." The amendments in this ASU, among other things, require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. Financial institutions and other organizations will now use forward-looking information to better inform their credit loss estimates. Many of the loss estimation techniques applied today will still be permitted, although the inputs to those techniques will change to reflect the full amount of expected credit losses. In addition, the ASU amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. As a “smaller reporting company” under Securities and Exchange Commission (“SEC”) rules, the Company will be required to apply the guidance for fiscal years, and interim periods within those years, beginning after December 15, 2022. The Company has identified a third-party vendor to assist in the measurement of expected credit losses under this standard. The Company is currently evaluating the implementation of ASU 2016-13 due to the change in implementation dates for smaller reporting companies. Effective November 25, 2019, the SEC adopted Staff Accounting Bulletin (“SAB”) 119. SAB 119 updated portions of SEC interpretative guidance to align with FASB Accounting Standards Codification (“ASC”) 326, “Financial Instruments – Credit Losses.” It covers topics including (1) measuring current expected credit losses; (2) development, governance, and documentation of a systematic methodology; (3) documenting the results of a systematic methodology; and (4) validating a systematic methodology. The Company is currently assessing the impact SAB 119 will have on its consolidated financial statements. In December 2019, the FASB issued ASU 2019-12, “Income Taxes (Topic 740) – Simplifying the Accounting for Income Taxes.” The ASU is expected to reduce cost and complexity related to the accounting for income taxes by removing specific exceptions to general principles in Topic 740 (eliminating the need for an organization to analyze whether certain exceptions apply in a given period) and improving financial statement preparers’ application of certain income tax-related guidance. This ASU is part of the FASB’s simplification initiative to make narrow-scope simplifications and improvements to accounting standards through a series of short-term projects. For public business entities, such as the Company, the amendments are effective for fiscal years beginning after December 15, 2020, and interim periods within those fiscal years. Early adoption is permitted. The Company is currently assessing the impact that ASU 2019-12 will have on its consolidated financial statements. In January 2020, the FASB issued ASU 2020-01, “Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815) – Clarifying the Interactions between Topic 321, Topic 323, and Topic 815.” The ASU is based on a consensus of the Emerging Issues Task Force and is expected to increase comparability in accounting for these transactions. ASU 2016-01 made targeted improvements to accounting for financial instruments, including providing an entity the ability to measure certain equity securities without a readily determinable fair value at cost, less any impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Among other topics, the amendments clarify that an entity should consider observable transactions that require it to either apply or discontinue the equity method of accounting. For public business entities, the amendments in the ASU are effective for fiscal years beginning after December 31, 2020, and interim periods within those fiscal years. Early adoption is permitted The Company is currently assessing the impact that ASU 2020-01 will have on its consolidated financial statements. In March 2020, the FASB issued ASU No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying U.S. GAAP to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. To facilitate an orderly transition from interbank offered rates (“IBORs”) and other benchmark rates to alternative reference rates (“ARRs”), the Company has established an enterprise-wide initiative led by senior management. The objective of this initiative is to identify, assess and monitor risks associated with the expected discontinuation or unavailability of benchmarks, including LIBOR, achieve operational readiness and engage impacted clients in connection with the transition to ARRs. The Company is assessing ASU 2020-04 and its impact on the Company’s transition away from LIBOR for its loan and other financial instruments. Note 1 – Summary of Significant Accounting Policies, continued On March 12, 2020, the SEC finalized amendments to the definitions of its “accelerated filer” and “large accelerated filer” definitions. The amendments increase the threshold criteria for meeting these filer classifications and are effective on April 27, 2020. Any changes in filer status are to be applied beginning with the filer’s first annual report filed with the SEC subsequent to the effective date. The rule change expands the definition of “smaller reporting companies” to include entities with public float of less than $700 million and less than $100 million in annual revenues. The Company meets this expanded category of small reporting company. If the Company’s annual revenues exceed $100 million, its category will change to “accelerated filer”. The classifications of “accelerated filer” and “large accelerated filer” require a public company to obtain an auditor attestation concerning the effectiveness of internal control over financial reporting (“ICFR”) and include the opinion on ICFR in its annual report on Form 10-K. Smaller reporting companies also have additional time to file quarterly and annual financial statements. All public companies are required to obtain and file annual financial statement audits, as well as provide management’s assertion on effectiveness of ICFR, but the external auditor attestation of ICFR is not required for smaller reporting companies. The COVID-19 pandemic has negatively impacted the global economy. In response to this crisis, the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was passed by Congress and signed into law on March 27, 2020. Section 4013 of the CARES Act provides that a financial institution may elect to suspend the requirements under GAAP for certain loan modifications that would otherwise be categorized as a TDR. Also in response to the COVID-19 pandemic, in March 2020, various regulatory agencies, including the Federal Reserve and the OCC, (the agencies), issued an interagency statement on loan modifications and reporting for financial institutions working with customers affected by COVID-19. The interagency statement was effective immediately and impacted accounting for loan modifications. Under ASC 310-40, “Receivables – Troubled Debt Restructurings by Creditors,” a restructuring of debt constitutes a troubled debt restructuring (“TDR”) if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. This includes short-term (e.g., six months) modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. Borrowers considered current are those that are less than 30 days past due on their contractual payments at the time a modification program is implemented. Depending on the demonstrated need of the client, the Company is deferring either the full loan payment or the principal component of the loan payment generally for 90 days. As of November 5, 2020, the Company has executed 553 of these deferrals on outstanding loan balances of $109.9 million, or 16.4% of the held-for-investment loan portfolio, excluding loans made under the U.S. Small Business Administration’s Paycheck Protection Program. A majority of these loans are now past the initial deferment period and are back on normal payment schedules. As of November 5, 2020, the Company was aware of five borrowers with loan balances totaling $6.5 million that were either already deferred for an additional period of three months or are in the process of requesting an additional deferral for a period of three months.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2020
Accounting Policies [Abstract]
Summary of Computation of Basic and Diluted Earnings per Share	The following table sets forth the computation of basic and diluted earnings per share for the three months and nine months ended September 30, 2020 and 2019. For the three months ended September 30, For the nine months ended September 30, 2020 2019 2020 2019 Net income $ 5,059,000 $ 1,253,000 $ 12,116,000 $ 4,071,000 Net (income) loss attributable to noncontrolling interest 4,000 (3,000 ) (1,000 ) (21,000 ) Net income available to common shareholders $ 5,063,000 $ 1,250,000 $ 12,115,000 $ 4,050,000 Weighted average common shares 5,718,621 4,346,866 5,680,930 3,998,267 Effect of dilutive securities — — — — Diluted average common shares 5,718,621 4,346,866 5,680,930 3,998,267 Earnings per common share $ 0.88 $ 0.29 $ 2.13 $ 1.01 Diluted earnings per common share $ 0.88 $ 0.29 $ 2.13 $ 1.01

Acquisition (Tables)

Acquisition (Tables) - Virginia Community Bankshares, Inc [Member]	9 Months Ended
	Sep. 30, 2020
Summary of Assets Received and Liabilities Assumed and Related Adjustments	A summary of the assets received and liabilities assumed and related adjustments are as follows: Assets As Recorded by Virginia Community Bankshares, Inc. Adjustments As Recorded by Blue Ridge Bankshares, Inc. Cash and due from banks $ 9,678,700 $ — $ 9,678,700 Investment securities available-for-sale 43,419,481 (470,191 ) (1) 42,949,290 Restricted equity securities 302,700 — 302,700 Held-for-investment loans 173,871,523 (900,020 ) (2) 172,971,503 Furniture, fixtures, and equipment 6,435,695 3,296,872 (3) 9,732,567 Other real estate owned 87,427 (87,427 ) (4) - Accrued interest receivable 864,154 - 864,154 Core deposit intangible - 1,690,000 (5) 1,690,000 Other assets 8,069,497 549,976 (6) 8,619,473 Total assets acquired $ 242,729,177 $ 4,079,210 $ 246,808,387 Liabilities Deposits $ 217,953,153 $ 118,621 (7) $ 218,071,774 Other liabilities 1,296,520 - 1,296,520 Total liabilities assumed $ 219,249,673 $ 118,621 $ 219,368,294 Net assets acquired 27,440,093 Total consideration paid 44,048,371 Goodwill $ 16,608,278 (1) Adjustment to reflect estimated fair value of security portfolio (2) Adjustment to reflect estimated fair value and credit mark on loans of $(2,318,569), and elimination of VCB’s allowance for loan and lease losses (3) Adjustment to reflect estimated fair value of furniture, fixtures, and equipment (4) Adjustment to reflect estimated fair value of Other Real Estate Owned (“OREO”) (5) Adjustment to reflect recording of core deposit intangible (6) Adjustment to reflect estimated fair value of other assets and the recording of deferred taxes related to acquisition (7) Adjustment to reflect estimated fair value of deposits
Summary of Consideration Paid	A summary of the consideration paid is as follows: Common stock issued (1,312,919 shares) $ 27,401,831 Cash payments to common shareholders 16,646,540 Total consideration paid $ 44,048,371

Investment Securities (Tables)

Investment Securities (Tables)	9 Months Ended
	Sep. 30, 2020
Schedule Of Investments [Abstract]
Summary of Amortized Cost and Fair Values of Investment Securities	Investment securities available for sale are carried in the consolidated balance sheets at their fair value and investment securities held to maturity are carried in the consolidated balance sheets at their amortized cost. The amortized cost and fair values of investment securities at September 30, 2020 and December 31, 2019 are as follows: September 30, 2020 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale State and municipal $ 13,792 $ 240 $ 21 $ 14,011 U.S. Treasury and agencies 2,500 — 34 2,466 Mortgage backed securities 79,263 836 608 79,491 Corporate bonds 17,930 97 106 17,921 $ 113,485 $ 1,173 $ 769 $ 113,889 December 31, 2019 (In thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale U.S. Treasury and agencies $ 2,500 $ — $ 51 $ 2,449 Mortgage backed securities 94,983 654 152 95,485 Corporate bonds 10,554 87 4 10,637 $ 108,037 $ 741 $ 207 $ 108,571 Held to maturity State and municipal $ 12,192 $ 464 $ 2 $ 12,654 Total Investment Securities $ 120,229 $ 1,205 $ 209 $ 121,225
Summary of Investments Classified by Contractual Maturity Date	The amortized cost and fair value of securities at September 30, 2020, by contractual maturity are shown below. Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. September 30, 2020 Securities Available for Sale (In thousands) Amortized Cost Fair Value Due in one year or less $ 925 $ 927 Due after one year through five years 71,574 72,137 Due after five years through ten years 33,608 33,324 Due after ten years 7,378 7,501 Total $ 113,485 $ 113,889
Summary of Unrealized Losses	A summary of unrealized losses (in thousands) and the length of time in a continuous loss position, by security type at September 30, 2020 and December 31, 2019 is as follows: September 30, 2020 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and Municipal $ 1,694 $ (21 ) $ — $ — $ 1,694 $ (21 ) U.S. Treasury and Agency 2,466 (34 ) — — 2,466 (34 ) Mortgage backed 25,035 (593 ) 856 (15 ) 25,891 (608 ) Corporate bonds 6,395 (105 ) 399 (1 ) 6,794 (106 ) Total $ 35,590 $ (753 ) $ 1,255 $ (16 ) $ 36,845 $ (769 ) December 31, 2019 Less than 12 Months 12 Months or Greater Total Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and Municipal $ 333 $ (2 ) $ — $ — $ 333 $ (2 ) U.S. Treasury and Agency — — 1,949 (51 ) 1,949 (51 ) Mortgage backed 27,901 (82 ) 5,348 (70 ) 33,249 (152 ) Corporate bonds — — 896 (4 ) 896 (4 ) Total $ 28,234 $ (84 ) $ 8,193 $ (125 ) $ 36,427 $ (209 )

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2020
Summary of Loans Held for Investment	Loans held for investment outstanding at September 30, 2020 and December 31, 2019 are summarized as follows: September 30, 2020 December 31, 2019 (in thousands) Commercial and industrial $ 444,718 $ 77,728 Real estate – construction, commercial 49,884 38,039 Real estate – construction, residential 19,001 26,778 Real estate – mortgage, commercial 272,778 251,824 Real estate – mortgage, residential 210,679 208,494 Real estate – mortgage, farmland 4,176 5,507 Consumer installment loans 45,144 39,202 Gross loans 1,046,380 647,572 Less: Unearned income (7,200 ) (738 ) Total $ 1,039,180 $ 646,834
Summary of Acquired Loans Included in Consolidated Statement of Condition	. The outstanding principal balance and related carrying amount of these acquired loans included in the consolidated statement of condition as of September 30, 2020 and December 31, 2019 is as follows: September 30, 2020 December 31, 2019 (in thousands) Purchased credit impaired acquired VCB loans evaluated individually for future credit losses Outstanding principal balance $ 1,336 $ 1,504 Carrying amount 1,148 1,315 Other acquired VCB loans Outstanding principal balance 108,996 172,279 Carrying amount 107,853 170,151 Total acquired VCB loans Outstanding principal balance 110,332 173,783 Carrying amount 109,001 171,466
Summary of Financing Receivable, Past Due	The following table presents the aging of the recorded investment in past due loans as of September 30, 2020 and December 31, 2019: September 30, 2020 (in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due & Accruing Nonaccrual Total Past Due & Nonaccrual Current Loans Total Loans Commercial and industrial $ 901 $ 86 $ 47 $ 401 $ 1,435 $ 443,283 $ 444,718 Real estate – construction, commercial — 218 — 900 1,118 48,766 49,884 Real estate – construction, residential — 369 — — 369 18,632 19,001 Real estate – mortgage, commercial 440 2,470 — 1,352 4,262 268,516 272,778 Real estate – mortgage, residential 235 219 703 438 1,595 209,084 210,679 Real estate - mortgage, farmland — — — — — 4,176 4,176 Consumer installment loans 1,121 232 16 641 2,010 43,134 45,144 Less: Unearned income — — — — — (7,200 ) (7,200 ) $ 2,697 $ 3,594 $ 766 $ 3,732 $ 10,789 $ 1,028,391 $ 1,039,180 Note 4 – Loans, continued December 31, 2019 (in thousands) 30-59 Days Past Due 60-89 Days Past Due Greater than 90 Days Past Due & Accruing Nonaccrual Total Past Due & Nonaccrual Current Loans Total Loans Commercial and industrial $ 1,652 $ — $ — $ 441 $ 2,093 $ 75,635 $ 77,728 Real estate – construction, commercial 820 — — 929 1,749 36,290 38,039 Real estate – construction, residential 241 — — — 241 26,537 26,778 Real estate – mortgage, commercial 3,194 — — 1,931 5,125 246,699 251,824 Real estate – mortgage, residential 319 217 369 713 1,618 206,876 208,494 Real estate – mortgage, farmland — — — — — 5,507 5,507 Consumer installment loans 894 408 — 776 2,078 37,124 39,202 Less: Unearned income — — — — — (738 ) (738 ) $ 7,120 $ 625 $ 369 $ 4,790 $ 12,904 $ 633,930 $ 646,834
Virginia Community Bankshares, Inc [Member]
Summary of Changes in Accretable Yield on Purchased Credit Impaired Loans	The following table presents changes for the nine months and year ended September 30, 2020 and December 31, 2019, respectively, in the accretable yield on the VCB purchased credit impaired loans for which the Company applies ASC 310-30: September 30, 2020 December 31, 2019 (in thousands) Balance beginning of period $ 188 $ — Accretable yield at acquisition date — 190 Additions (22 ) — Accretion (51 ) (3 ) Other changes, net 73 1 Balance end of period 188 188

Allowance for Loans Losses (Tab

Allowance for Loans Losses (Tables)	9 Months Ended
	Sep. 30, 2020
Receivables [Abstract]
Summary of Allowance for Loans Losses	A summary of changes in the allowance for loans losses for the nine months ended September 30, 2020 and year ended December 31, 2019 is as follows: September 30, 2020 December 31, 2019 (in thousands) Allowance, beginning of period $ 4,572 $ 3,580 Charge-Offs Commercial and industrial $ — $ (43 ) Real estate, mortgage — (4 ) Consumer and other loans (787 ) (914 ) Total charge-offs (787 ) (961 ) Recoveries Commercial and industrial $ 34 $ — Real estate, mortgage — 6 Consumer and other loans 229 205 Total recoveries 263 211 Net charge-offs (524 ) (750 ) Provision for loan losses 8,075 1,742 Allowance, end of period $ 12,123 $ 4,572
Summary of Loan Portfolio Individually and Collectively Evaluated for Impairment	(in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Total September 30, 2020 Commercial and industrial $ 490 $ 444,228 $ 444,718 Real Estate – construction, commercial — 49,884 49,884 Real Estate – construction, residential — 19,001 19,001 Real Estate – mortgage, commercial 335 272,443 272,778 Real Estate – mortgage, residential 624 210,055 210,679 Real Estate – mortgage, farmland — 4,176 4,176 Consumer installment loans — 45,144 45,144 Gross loans 1,449 1,044,931 1,046,380 Less: Unearned income — (7,200 ) (7,200 ) Total $ 1,449 $ 1,037,731 $ 1,039,180 (in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Total December 31, 2019 Commercial and industrial $ 280 $ 77,448 $ 77,728 Real Estate – construction, commercial — 38,039 38,039 Real Estate – construction, residential — 26,778 26,778 Real Estate – mortgage, commercial 733 251,091 251,824 Real Estate – mortgage residential 395 208,099 208,494 Real Estate – mortgage, farmland — 5,507 5,507 Consumer installment loans — 39,202 39,202 Gross loans 1,408 646,164 647,572 Less: Unearned income — (738 ) (738 ) Total $ 1,408 $ 645,426 $ 646,834
Summary of Impaired Financing Receivables	The following table presents information related to impaired loans, by portfolio segment, at the dates presented. September 30, 2020 (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no specific allowance recorded: Real estate – mortgage, residential $ 624 $ 624 $ — $ 696 $ 28 With an allowance recorded: Commercial and industrial 490 490 70 375 1 Real estate – mortgage, commercial 335 335 97 337 7 $ 1,449 $ 1,449 $ 167 $ 1,408 $ 36 Note 5 – Allowance for Loans Losses, continued December 31, 2019 (in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no specific allowance recorded: Real estate – mortgage, residential $ 395 $ 395 $ — $ 527 $ 7 With an allowance recorded: Commercial and industrial 280 280 143 286 2 Real estate – mortgage, commercial 733 733 98 734 5 $ 1,408 $ 1,408 $ 241 $ 1,547 $ 14
Summary of Purchased Loans	The following table presents the recorded investment in the segments of the River Bancorp, Inc. purchased loans as of September 30, 2020 and December 31, 2019 (in thousands): September 30, 2020 December 31, 2019 Real Estate Construction loans and all land development and other land loans $ 900 $ 1,397 Revolving, open-end loans secured by 1-4 family residential properties and extended under lines of credit 2,584 2,709 Secured by first liens 5,743 6,971 Secured by junior liens 380 394 Secured by multifamily (five or more) residential properties 55 63 Loans secured by owner-occupied, nonfarm nonresidential properties 3,406 4,459 Loans secured by other nonfarm nonresidential properties — 2,322 Commercial and Industrial 644 1,272 Other Other revolving credit plans 19 26 Automobile loans 7 10 Other consumer loans 49 63 Total $ 13,787 $ 19,686
Summary of Accounts Notes Loans and Financing Receivable	The following table presents the Company’s loan portfolio by internal loan grade (in thousands) as of September 30, 2020 and December 31, 2019: September 30, 2020 Grade 1 Prime Grade 2 Desirable Grade 3 Good Grade 4 Acceptable Grade 5 Pass/Watch Grade 6 Special Mention Grade 7 Substandard Total Commercial and industrial $ 362,661 $ 1,317 $ 27,454 $ 44,134 $ 7,394 $ 993 $ 765 $ 444,718 Real Estate – construction, commercial — 2,250 25,833 20,709 157 — 935 49,884 Real Estate – construction, residential — — 4,282 8,999 5,720 — — 19,001 Real Estate – mortgage, commercial — 3,273 128,673 126,106 7,355 4,918 2,453 272,778 Real Estate – mortgage residential — 3,366 103,548 95,987 5,945 154 1,679 210,679 Real Estate – mortgage, farmland 589 105 1,302 2,180 — — — 4,176 Consumer installment loans 285 36 17,332 26,638 194 4 655 45,144 Gross loans 363,535 10,347 308,424 324,753 26,765 6,069 6,487 1,046,380 Less: Unearned income (7,200 ) Total $ 1,039,180 December 31, 2019 Grade 1 Prime Grade 2 Desirable Grade 3 Good Grade 4 Acceptable Grade 5 Pass/Watch Grade 6 Special Mention Grade 7 Substandard Total Commercial and industrial $ 1,509 $ 1,042 $ 35,180 $ 37,458 $ 568 $ 1,488 $ 483 $ 77,728 Real Estate – construction, commercial — 1,454 24,667 10,850 102 — 966 38,039 Real Estate – construction, residential — 139 9,355 14,331 2,953 — — 26,778 Real Estate – mortgage, commercial — 4,971 118,488 114,598 9,273 1,935 2,559 251,824 Real Estate – mortgage residential — 4,611 100,665 98,116 3,470 130 1,502 208,494 Real Estate – mortgage, farmland 1,467 134 1,736 2,170 — — — 5,507 Consumer installment loans 293 72 17,872 20,067 116 — 782 39,202 Gross loans 3,269 12,423 307,963 297,590 16,482 3,553 6,292 647,572 Less: Unearned income (738 ) Total $ 646,834

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	September 30, 2020 December 31, 2019 Goodwill Charlottesville Branch Acquisition $ 366 $ 366 River Bancorp, Inc. Acquisition 1,728 1,728 Mortgage Business Acquisition 600 600 Hammond Insurance Agency Acquisition 613 613 Virginia Community Bankshares, Inc. Acquisition 16,585 16,608 $ 19,892 $ 19,915
Schedule of Amortizable Intangibles Included in Other Assets on Balance Sheet	Information concerning amortizable intangibles included in other assets on the balance sheet is as follows: September 30, 2020 December 31, 2019 Amortizable Intangibles Customer-Based Intangible - MoneyWise Payroll $ 394 $ 541 Customer-Based Intangible - Hammond Insurance Agency 350 375 Customer-Based Intangible - LenderSelect Mortgage Group 648 720 Core Deposit Intangible - River Community Bank 94 211 Core Deposit Intangible - Virginia Community Bank 1,444 1,690 Other 92 181 $ 3,022 $ 3,718

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Summary of Derivative Instruments	September 30, 2020 Notional Amount Fair Value (in thousands) Interest Rate Swap Agreements Receive Fixed/Pay Variable Swaps $ 2,111 $ 379 Pay Fixed/Receive Variable Swaps 2,111 (379 )
Summary of Identified Hedge Layers	The identified hedge layers are summarized as follows, (in thousands): 3-Month LIBOR Cash & Securities Period Hedged Hedged Notional Exposure Hedged From To $ 15,000 $ 15,000 July 1, 2019 July 1, 2022 25,000 25,000 August 2, 2019 February 2, 2023 10,000 10,000 August 29, 2019 August 29, 2023 Each hedge layer identified in the table above has a variable receive leg of 3-month LIBOR and a fixed pay leg of 1.80%. At the time the hedges identified in the table above expire, new hedges will begin summarized as follows (in thousands): 3-Month LIBOR Cash & Securities Period Hedged Hedged Notional Exposure Hedged From To $ 15,000 $ 15,000 July 1, 2022 July 1, 2032 25,000 25,000 February 2, 2023 February 2, 2033 10,000 10,000 August 29, 2023 August 29, 2033 Each hedge layer identified in the table above has a variable receive leg of 3-month LIBOR and a fixed pay leg ranging from 0.92% to 0.95%. Beginning in 2020, the Company entered into three additional hedges summarized as follows (in thousands): 3-Month LIBOR Cash & Securities Period Hedged Hedged Notional Exposure Hedged From To $ 20,000 $ 20,000 March 13, 2020 March 13, 2030 35,000 35,000 May 6, 2020 May 6, 2027 10,000 10,000 May 29, 2020 May 29, 2027

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Disclosures [Abstract]
Summary of Financial Assets Measured at Fair Value on a Recurring Basis	The following tables present the balances of financial assets measured at fair value on a recurring basis: September 30, 2020 (in thousands) Total Level 1 Level 2 Level 3 Available for sale securities State and municipal $ 14,011 $ — $ 14,011 $ — U.S. Treasury and agencies 2,466 2,466 Mortgage backed securities 79,491 — 79,491 — Corporate bonds 17,921 — 17,921 — Total securities available for sale $ 113,889 $ — $ 113,889 $ — December 31, 2019 (in thousands) Total Level 1 Level 2 Level 3 Available for sale securities U.S. Treasury and agencies $ 2,449 $ — $ 2,449 $ — Mortgage backed securities 95,485 — 95,485 — Corporate bonds 10,637 — 10,637 — Total securities available for sale $ 108,571 $ — $ 108,571 $ —

Disclosures About Fair Value _2

Disclosures About Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Disclosures About Fair Value Of Financial Instruments [Abstract]
Summary of Estimated Fair Values and Related Carrying Amounts of Financial Instruments	The estimated fair values, and related carrying amounts, of the Company’s financial instruments at the dates presented are as follows: Fair Value Measurements at September 30, 2020 Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value (in thousands) Financial Assets Cash and short-term investments $ 77,596 $ 77,596 $ — $ — $ 77,596 Investment securities 123,330 — 123,330 — 123,330 Loans held for sale 193,122 — 193,122 — 193,122 Net loans held for investment 1,039,180 — — 1,034,898 1,034,898 Accrued interest receivable 5,193 — 5,193 — 5,193 Bank-owned life insurance 15,013 — 15,013 — 15,013 Financial Liabilities Deposits 915,266 — 643,704 278,584 922,288 Federal funds purchased 135 135 135 Other borrowed funds 459,476 — 459,476 — 459,476 Subordinated debt, net 24,489 — — 25,326 25,326 Accrued interest payable 644 — 644 — 644 Fair Value Measurements at December 31, 2019 Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value (in thousands) Financial Assets Cash and short-term investments $ 60,026 $ 60,026 $ — $ — $ 60,026 Federal funds sold 480 480 — — 480 Investment securities 128,897 — 129,359 — 129,359 Loans held for sale 55,646 — 55,646 — 55,646 Net loans held for investment 642,262 — — 643,878 643,878 Accrued interest receivable 2,590 — 2,590 — 2,590 Bank-owned life insurance 14,734 — 14,734 — 14,734 Financial Liabilities Deposits 722,030 — 542,805 168,736 711,541 Other borrowed funds 124,800 — 124,971 — 124,971 Subordinated debt, net 9,800 — — 9,784 9,784 Accrued interest payable 706 — 706 — 706

Business Segments (Tables)

Business Segments (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting [Abstract]
Summary of Segment Reporting Information by Segment	The following tables present revenues and expenses by segment for the three and nine months ended September 30, 2020 and September 30, 2019. Three Months Ended September 30, 2020 (in thousands) Blue Ridge Bank Blue Ridge Bank Mortgage Division MoneyWise Payroll Solutions, Inc. Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 13,495 $ 917 $ — $ 32 $ — $ 14,444 Service charges on deposit accounts 215 — — — — 215 Mortgage banking income, net — 16,044 — — — 16,044 Payroll processing revenue — — 221 — — 221 Other operating income 1,275 — — — (6 ) 1,269 Total income 14,985 16,961 221 32 (6 ) 32,193 Expenses: Interest expense 2,132 72 — 411 — 2,615 Provision for loan losses 4,000 — — — — 4,000 Salary and benefits 3,311 8,455 114 — — 11,880 Other operating expenses 3,370 2,133 133 1,302 (6 ) 6,932 Total expense 12,813 10,660 247 1,713 (6 ) 25,427 Income (loss) before income taxes 2,172 6,301 (26 ) (1,681 ) — 6,766 Income tax expense (benefit) 528 1,276 (5 ) (92 ) — 1,707 Net income (loss) $ 1,644 $ 5,025 $ (21 ) $ (1,589 ) $ — $ 5,059 Net (income) loss attributable to noncontrolling interest $ — $ — $ 4 $ — $ — $ 4 Net income (loss) attributable to Blue Ridge Bankshares $ 1,644 $ 5,025 $ (17 ) $ (1,589 ) $ — $ 5,063 Note 12 – Business Segments, continued Nine Months Ended September 30, 2020 (in thousands) Blue Ridge Bank Blue Ridge Bank Mortgage Division MoneyWise Payroll Solutions, Inc. Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 35,985 $ 2,012 $ — $ 37 $ — $ 38,034 Service charges on deposit accounts 669 — — — — 669 Mortgage banking income, net — 35,210 — — — 35,210 Payroll processing revenue — — 736 — — 736 Other operating income 2,673 — — — (18 ) 2,655 Total income 39,327 37,222 736 37 (18 ) 77,304 Expenses: Interest expense 6,440 243 — 854 — 7,537 Provision for loan losses 8,075 — — — — 8,075 Salary and benefits 9,586 20,221 334 — — 30,141 Other operating expenses 8,771 4,914 393 1,757 (18 ) 15,817 Total expense 32,872 25,378 727 2,611 (18 ) 61,570 Income (loss) before income taxes 6,455 11,844 9 (2,574 ) — 15,734 Income tax expense (benefit) 1,443 2,440 2 (267 ) — 3,618 Net income (loss) $ 5,012 $ 9,404 $ 7 $ (2,307 ) $ — $ 12,116 Net (income) loss attributable to noncontrolling interest $ — $ — $ (1 ) $ — $ — $ (1 ) Net income (loss) attributable to Blue Ridge Bankshares, Inc. $ 5,012 $ 9,404 $ 6 $ (2,307 ) $ — $ 12,115 Nine Months Ended September 30, 2019 (in thousands) Blue Ridge Bank Blue Ridge Bank Mortgage Division MoneyWise Payroll Solutions, Inc. Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 21,581 $ 845 $ — $ 4 $ — $ 22,430 Service charges on deposit accounts 459 — — — — 459 Mortgage banking income, net — 10,966 — — — 10,966 Payroll processing revenue — — 743 — — 743 Other operating income 2,057 — — 48 (18 ) 2,087 Total income 24,097 11,811 743 52 (18 ) 36,685 Expenses: Interest expense 5,921 490 — 532 — 6,943 Provision for loan losses 1,465 — — — — 1,465 Salary and benefits 6,167 7,711 271 — — 14,149 Other operating expenses 5,194 2,697 344 851 (18 ) 9,068 Total expense 18,747 10,898 615 1,383 (18 ) 31,625 Income (loss) before income taxes 5,350 913 128 (1,331 ) — 5,060 Income tax expense (benefit) 932 193 22 (158 ) — 989 Net income (loss) $ 4,418 $ 720 $ 106 $ (1,173 ) $ — $ 4,071 Net (income) loss attributable to noncontrolling interest $ — $ — $ (21 ) $ — $ — $ (21 ) Net income (loss) attributable to Blue Ridge Bankshares, Inc. $ 4,418 $ 720 $ 85 $ (1,173 ) $ — $ 4,050

Other Borrowed Funds (Tables)

Other Borrowed Funds (Tables)	9 Months Ended
	Sep. 30, 2020
Other Borrowed Funds [Abstract]
Schedule of Other Borrowings Advances from Federal Home Loan Bank	(Dollars in thousands) September 30, 2020 December 31, 2019 FHLB borrowings $ 115,000 $ 124,800 Weighted average interest rate 0.24 % 1.92 % Federal Reserve Paycheck Protection Program Liquidity Facility $ 344,476 $ — Weighted average interest rate 0.35 % —

Subordinated Debt (Tables)

Subordinated Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Subordinated Borrowings [Abstract]
Summary of Subordinated Debt	The following table summarizes the balance of the Notes and related issuance costs at September 30, 2020 and December 31, 2019: September 30, December 31, (in thousands) 2020 2019 Subordinated debt $ 25,000 $ 10,000 Unamortized issuance costs (511 ) (200 ) Subordinated debt, net $ 24,489 $ 9,800

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	9 Months Ended
	Sep. 30, 2020
Revenue From Contract With Customer [Abstract]
Summary of Total Non-interest Income	The following table (in thousands) illustrates our total non-interest income segregated by revenues within the scope of ASC Topic 606 and those which are within the scope of other ASC Topics: Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Service fees on deposit accounts $ 215 $ 171 $ 669 $ 459 Bank card revenue 349 116 948 408 Payroll processing income 221 232 736 743 Revenue from contracts with customers 785 519 2,353 1,610 Non-interest income within scope of other ASC topics 16,964 4,454 36,917 12,645 Total noninterest income $ 17,749 $ 4,973 $ 39,270 $ 14,255

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Leases [Abstract]
Summary of Company's Leases	The following tables present information about the Company’s leases: (dollars in thousands) September 30, 2020 Lease liabilities $ 5,795 Right-of-use assets $ 5,634 Weighted average remaining lease term 5.77 years Weighted average discount rate 2.77 %
Summary of Lease Cost	For the Three Months Ended September 30, For the Nine Months Ended September 30, Lease Cost (in thousands) 2020 2019 2020 2019 Operating lease cost $ 458 $ 369 $ 1,347 $ 1,104 Total lease cost $ 458 $ 369 $ 1,347 $ 1,104 Cash paid for amounts included in the measurement of lease liabilities $ 449 $ 218 $ 1,308 $ 874
Summary of Operating Lease Liabilities	A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities is as follows: As of Lease payments due (in thousands) September 30, 2020 Three months ending December 31, 2020 $ 329 Twelve months ending December 31, 2021 1,316 Twelve months ending December 31, 2022 1,114 Twelve months ending December 31, 2023 991 Twelve months ending December 31, 2024 654 Twelve months ending December 31, 2025 492 Thereafter 1,487 Total undiscounted cash flows 6,383 Discount (588 ) Lease liabilities $ 5,795

Summary of Significant Accoun_4

Summary of Significant Accounting Policies - Additional Information (Detail) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2020shares	Sep. 30, 2019shares	Sep. 30, 2020shares	Sep. 30, 2019shares	Nov. 05, 2020USD ($)DeferralBorrower
Summary Of Significant Accounting Policies [Line Items]
Dilutive common shares outstanding | shares	0	0	0	0
Subsequent Event [Member]
Summary Of Significant Accounting Policies [Line Items]
Number of executed deferrals on outstanding loan balances as per interagency | Deferral					553
Executed deferrals on outstanding Loan balance as per interagency					$ 109.9
Percentage of held-for-investment loan portfolio					16.40%
Number of borrowers | Borrower					5
Deferred loan balance					$ 6.5

Summary of Significant Accoun_5

Summary of Significant Accounting Policies - Summary of Computation of Basic and Diluted Earnings per Share (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Earnings Per Share [Abstract]
Net income	$ 5,059,000	$ 1,253,000	$ 12,116,000	$ 4,071,000
Net (Income) loss attributable to noncontrolling interest	4,000	(3,000)	(1,000)	(21,000)
Net income available to common shareholders	$ 5,063,000	$ 1,250,000	$ 12,115,000	$ 4,050,000
Weighted average common shares	5,718,621	4,346,866	5,680,930	3,998,267
Effect of dilutive securities	0	0	0	0
Diluted average common shares	5,718,621	4,346,866	5,680,930	3,998,267
Earnings per common share	$ 0.88	$ 0.29	$ 2.13	$ 1.01
Diluted earnings per common share	$ 0.88	$ 0.29	$ 2.13	$ 1.01

Acquisition - Additional Inform

Acquisition - Additional Information (Detail) - $ / shares	Aug. 12, 2020	Dec. 15, 2019
Business Acquisition [Line Items]
Cash per share received by share holders		$ 58
Common stock shares received by shareholders		3.05
Bay Banks of Virginia, Inc., [Member]
Business Acquisition [Line Items]
Common stock conversion number of shares right to receive upon conversion of each common stock share	0.5000

Acquisition - Summary of Assets

Acquisition - Summary of Assets Received and Liabilities Assumed and Related Adjustments (Detail) - USD ($)	Sep. 30, 2020	Dec. 31, 2019	Dec. 15, 2019
Assets
Cash and due from banks			$ 9,678,700
Investment securities available-for-sale			42,949,290
Restricted equity securities			302,700
Held-for-investment loans			172,971,503
Furniture, fixtures, and equipment			9,732,567
Accrued interest receivable			864,154
Core deposit intangible			1,690,000
Other assets			8,619,473
Total assets acquired			246,808,387
Liabilities
Deposits			218,071,774
Other liabilities			1,296,520
Total liabilities assumed			219,368,294
Net assets acquired			27,440,093
Total consideration paid			44,048,371
Goodwill	$ 19,892,000	$ 19,915,000	16,608,278
Virginia Community Bankshares, Inc [Member]
Assets
Cash and due from banks			9,678,700
Investment securities available-for-sale			43,419,481
Restricted equity securities			302,700
Held-for-investment loans			173,871,523
Furniture, fixtures, and equipment			6,435,695
Other real estate owned			87,427
Accrued interest receivable			864,154
Other assets			8,069,497
Total assets acquired			242,729,177
Liabilities
Deposits			217,953,153
Other liabilities			1,296,520
Total liabilities assumed			219,249,673
Goodwill	$ 16,585,000	$ 16,608,000
Adjustments [Member]
Assets
Investment securities available-for-sale			(470,191)
Held-for-investment loans			(900,020)
Furniture, fixtures, and equipment			3,296,872
Other real estate owned			(87,427)
Core deposit intangible			1,690,000
Other assets			549,976
Total assets acquired			4,079,210
Liabilities
Deposits			118,621
Total liabilities assumed			$ 118,621

Acquisition - Summary of Asse_2

Acquisition - Summary of Assets Received and Liabilities Assumed and Related Adjustments (Parenthetical) (Detail)	Dec. 15, 2019USD ($)
Explanation of adjustments
Estimated fair value and credit mark on loans	$ (2,318,569)

Acquisition - Summary of Consid

Acquisition - Summary of Consideration Paid (Detail)	Dec. 15, 2019USD ($)
Business Combinations [Abstract]
Common stock issued (1,312,919 shares)	$ 27,401,831
Cash payments to common shareholders	16,646,540
Total consideration paid	$ 44,048,371

Acquisition - Summary of Cons_2

Acquisition - Summary of Consideration Paid (Parenthetical) (Detail)	Dec. 15, 2019shares
Business Combinations [Abstract]
Common stock issued, shares	1,312,919

Investment Securities - Summary

Investment Securities - Summary of Amortized Cost and Fair Values of Investment Securities (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	$ 113,485	$ 108,037
Available for sale, Gross Unrealized Gains	1,173	741
Available for sale, Gross Unrealized Losses	769	207
Available for sale, Fair Value	113,889	108,571
Held to maturity, Amortized Cost		12,192
Investment Securities, Amortized Cost		120,229
Investment Securities, Gross Unrealized Gains		1,205
Investment Securities, Gross Unrealized Losses		209
Investment Securities, Fair Value		121,225
State and Municipal [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	13,792
Available for sale, Gross Unrealized Gains	240
Available for sale, Gross Unrealized Losses	21
Available for sale, Fair Value	14,011
Held to maturity, Amortized Cost		12,192
Held to maturity, Gross Unrealized Gains		464
Held to maturity, Gross Unrealized Losses		2
Held to maturity, Fair Value		12,654
Mortgage Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	79,263	94,983
Available for sale, Gross Unrealized Gains	836	654
Available for sale, Gross Unrealized Losses	608	152
Available for sale, Fair Value	79,491	95,485
U.S. Treasury and Agencies [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	2,500	2,500
Available for sale, Gross Unrealized Losses	34	51
Available for sale, Fair Value	2,466	2,449
Corporate Bonds [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	17,930	10,554
Available for sale, Gross Unrealized Gains	97	87
Available for sale, Gross Unrealized Losses	106	4
Available for sale, Fair Value	$ 17,921	$ 10,637

Investment Securities - Summa_2

Investment Securities - Summary of Investments Classified by Contractual Maturity Date (Detail) $ in Thousands	Sep. 30, 2020USD ($)
Schedule Of Investments [Abstract]
Securities Available for Sale, Amortized Cost, Due in one year or less	$ 925
Securities Available for Sale, Amortized Cost, Due after one year through five years	71,574
Securities Available for Sale, Amortized Cost, Due after five years through ten years	33,608
Securities Available for Sale, Amortized Cost, Due after ten years	7,378
Securities Available for Sale, Amortized Cost, Total	113,485
Securities Available for Sale, Fair Value, Due in one year or less	927
Securities Available for Sale, Fair Value, Due after one year through five years	72,137
Securities Available for Sale, Fair Value, Due after five years through ten years	33,324
Securities Available for Sale, Fair Value, Due after ten years	7,501
Securities Available for Sale, Fair Value, Total	$ 113,889

Investment Securities - Summa_3

Investment Securities - Summary of Unrealized Losses (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Fair Value, Less Than 12 Months, Total	$ 35,590	$ 28,234
Unrealized Losses, Less than 12 Months, Total	(753)	(84)
Fair Value, 12 Months or Greater, Total	1,255	8,193
Unrealized Losses, 12 Months or Greater, Total	(16)	(125)
Fair Value, Total	36,845	36,427
Unrealized Losses, Total	(769)	(209)
State and Municipal [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Held to maturity, Fair Value, Less Than 12 Months	1,694	333
Held to maturity, Unrealized Losses, Less Than 12 Months	(21)	(2)
Fair Value, Total	1,694	333
Unrealized Losses, Total	(21)	(2)
U.S. Treasury and Agencies [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Fair Value, Less Than 12 Months	2,466
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(34)
Available-for-sale Securities, Fair Value, 12 Months or Greater		1,949
Available-for-sale Securities, Unrealized Losses, 12 months or Greater		(51)
Fair Value, Total	2,466	1,949
Unrealized Losses, Total	(34)	(51)
Mortgage Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Fair Value, Less Than 12 Months	25,035	27,901
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(593)	(82)
Available-for-sale Securities, Fair Value, 12 Months or Greater	856	5,348
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(15)	(70)
Fair Value, Total	25,891	33,249
Unrealized Losses, Total	(608)	(152)
Corporate Bonds [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available-for-sale Securities, Fair Value, Less Than 12 Months	6,395
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(105)
Available-for-sale Securities, Fair Value, 12 Months or Greater	399	896
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(1)	(4)
Fair Value, Total	6,794	896
Unrealized Losses, Total	$ (106)	$ (4)

Investment Securities - Additio

Investment Securities - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Schedule Of Investments [Line Items]
Federal Reserve Bank of Richmond (“FRB”) stock	$ 2,205
Other investments	1,484
Federal Home Loan Bank of Atlanta and Treasury Board of Virginia [Member]
Schedule Of Investments [Line Items]
Securities pledged	40,645	$ 68,255
Federal Home Loan Bank of Atlanta [Member]
Schedule Of Investments [Line Items]
Federal home loan bank stock	$ 5,752

Loans - Summary of Loans Held f

Loans - Summary of Loans Held for Investment (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 1,046,380	$ 647,572
Less: Unearned income	(7,200)	(738)
Total	1,039,180	646,834
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	444,718	77,728
Construction, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	49,884	38,039
Construction, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	19,001	26,778
Mortgage, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	272,778	251,824
Mortgage, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	210,679	208,494
Mortgage, Farmland [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	4,176	5,507
Consumer Installment Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 45,144	$ 39,202

Loans - Additional Information

Loans - Additional Information (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
FHLB [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment pledged	$ 183,383	$ 146,075

Loans - Acquired Loans Included

Loans - Acquired Loans Included in Consolidated Statement of Condition (Detail) - Virginia Community Bankshares, Inc [Member] - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable Impaired [Line Items]
Outstanding principal balance	$ 110,332	$ 173,783
Carrying amount	109,001	171,466
Purchased Credit Impaired Acquired Loans Evaluated Individually for Future Credit Losses [Member]
Financing Receivable Impaired [Line Items]
Outstanding principal balance	1,336	1,504
Carrying amount	1,148	1,315
Other Acquired Loans [Member]
Financing Receivable Impaired [Line Items]
Outstanding principal balance	108,996	172,279
Carrying amount	$ 107,853	$ 170,151

Loans - Summary of Changes in A

Loans - Summary of Changes in Accretable Yield on Purchased Credit Impaired Loans (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Receivables [Abstract]
Balance beginning of period	$ 188
Accretable yield at acquisition date		$ 190
Additions	(22)
Accretion	(51)	(3)
Other changes, net	73	1
Balance end of period	$ 188	$ 188

Loans - Summary of Financing Re

Loans - Summary of Financing Receivable, Past Due (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 3,732	$ 4,790
Total Past Due & Nonaccrual	10,789	12,904
Gross loans	1,046,380	647,572
Less: Unearned income	(7,200)	(738)
Total	1,039,180	646,834
30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	2,697	7,120
60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	3,594	625
Greater than 90 Days Past Due & Accruing [Member]
Financing Receivable, Past Due [Line Items]
Days past due	766	369
Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	1,028,391	633,930
Less: Unearned income	(7,200)	(738)
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	401	441
Total Past Due & Nonaccrual	1,435	2,093
Gross loans	444,718	77,728
Commercial and Industrial [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	901	1,652
Commercial and Industrial [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	86
Commercial and Industrial [Member] | Greater than 90 Days Past Due & Accruing [Member]
Financing Receivable, Past Due [Line Items]
Days past due	47
Commercial and Industrial [Member] | Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	443,283	75,635
Construction, Commercial [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	900	929
Total Past Due & Nonaccrual	1,118	1,749
Gross loans	49,884	38,039
Construction, Commercial [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due		820
Construction, Commercial [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	218
Construction, Commercial [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	48,766	36,290
Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due & Nonaccrual	369	241
Gross loans	19,001	26,778
Construction, Residential [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due		241
Construction, Residential [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	369
Construction, Residential [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	18,632	26,537
Mortgage, Commercial [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	1,352	1,931
Total Past Due & Nonaccrual	4,262	5,125
Gross loans	272,778	251,824
Mortgage, Commercial [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	440	3,194
Mortgage, Commercial [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	2,470
Mortgage, Commercial [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	268,516	246,699
Mortgage, Residential [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	438	713
Total Past Due & Nonaccrual	1,595	1,618
Gross loans	210,679	208,494
Mortgage, Residential [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	235	319
Mortgage, Residential [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	219	217
Mortgage, Residential [Member] | Greater than 90 Days Past Due & Accruing [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	703	369
Mortgage, Residential [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	209,084	206,876
Mortgage, Farmland [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Gross loans	4,176	5,507
Mortgage, Farmland [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	4,176	5,507
Consumer Installment Loans [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	641	776
Total Past Due & Nonaccrual	2,010	2,078
Gross loans	45,144	39,202
Consumer Installment Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	1,121	894
Consumer Installment Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	232	408
Consumer Installment Loans [Member] | Greater than 90 Days Past Due & Accruing [Member]
Financing Receivable, Past Due [Line Items]
Days past due	16
Consumer Installment Loans [Member] | Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	$ 43,134	$ 37,124

Allowance for Loans Losses - Su

Allowance for Loans Losses - Summary of Allowance for Loans Losses (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Allowance, beginning of period			$ 4,572	$ 3,580	$ 3,580
Charge-offs			(787)		(961)
Recoveries			263		211
Net charge-offs			(524)		(750)
Provision for loan losses	$ 4,000	$ 570	8,075	$ 1,465	1,742
Allowance, end of period	$ 12,123		12,123		4,572
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Charge-offs					(43)
Recoveries			34
Real Estate, Mortgage [Member]
Financing Receivable, Impaired [Line Items]
Charge-offs					(4)
Recoveries					6
Consumer and Other Loans [Member]
Financing Receivable, Impaired [Line Items]
Charge-offs			(787)		(914)
Recoveries			$ 229		$ 205

Allowance for Loans Losses - _2

Allowance for Loans Losses - Summary of Loan Portfolio Individually and Collectively Evaluated for Impairment (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 1,046,380	$ 647,572
Less: Unearned income	(7,200)	(738)
Total	1,039,180	646,834
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	444,718	77,728
Construction, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	49,884	38,039
Construction, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	19,001	26,778
Mortgage, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	272,778	251,824
Mortgage, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	210,679	208,494
Mortgage, Farmland [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	4,176	5,507
Consumer Installment Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	45,144	39,202
Individually Evaluated for Impairment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	1,449	1,408
Total	1,449	1,408
Individually Evaluated for Impairment [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	490	280
Individually Evaluated for Impairment [Member] | Mortgage, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	335	733
Individually Evaluated for Impairment [Member] | Mortgage, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	624	395
Collectively Evaluated for Impairment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	1,044,931	646,164
Less: Unearned income	(7,200)	(738)
Total	1,037,731	645,426
Collectively Evaluated for Impairment [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	444,228	77,448
Collectively Evaluated for Impairment [Member] | Construction, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	49,884	38,039
Collectively Evaluated for Impairment [Member] | Construction, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	19,001	26,778
Collectively Evaluated for Impairment [Member] | Mortgage, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	272,443	251,091
Collectively Evaluated for Impairment [Member] | Mortgage, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	210,055	208,099
Collectively Evaluated for Impairment [Member] | Mortgage, Farmland [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	4,176	5,507
Collectively Evaluated for Impairment [Member] | Consumer Installment Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 45,144	$ 39,202

Allowance for Loans Losses - _3

Allowance for Loans Losses - Summary of Impaired Financing Receivables (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, related allowance	$ 167	$ 241
Impaired financing receivable, recorded investment	1,449	1,408
Impaired financing receivable, unpaid principal balance	1,449	1,408
Impaired financing receivable, average recorded investment	1,408	1,547
Impaired financing receivable, interest income recognized	36	14
Commercial and Industrial [Member]
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with an allowance recorded, recorded investment	490	280
Impaired financing receivable, with an allowance recorded, unpaid principal balance	490	280
Impaired financing receivable, related allowance	70	143
Impaired financing receivable, with an allowance recorded, average recorded investment	375	286
Impaired financing receivable, with an allowance recorded, interest income recognized	1	2
Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with no specific allowance recorded, recorded investment	624	395
Impaired financing receivable, with no specific allowance recorded, unpaid principal balance	624	395
Impaired financing receivable, with no specific allowance recorded, average recorded investment	696	527
Impaired financing receivable, with no specific allowance recorded, interest income, accrual method	28	7
Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable, Impaired [Line Items]
Impaired financing receivable, with an allowance recorded, recorded investment	335	733
Impaired financing receivable, with an allowance recorded, unpaid principal balance	335	733
Impaired financing receivable, related allowance	97	98
Impaired financing receivable, with an allowance recorded, average recorded investment	337	734
Impaired financing receivable, with an allowance recorded, interest income recognized	$ 7	$ 5

Allowance for Loans Losses - Ad

Allowance for Loans Losses - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2019	Sep. 30, 2020	Dec. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable Disclosure [Line Items]
Purchase loans		$ 13,787,000	$ 19,686,000
Bad debts recovered		263,000	211,000
Outstanding specifically impaired loans		1,027,057,000	642,262,000
Specific impairment		1,449,000	1,408,000
Gross loans		1,046,380,000	647,572,000
Doubtful [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans		0	0
Loss [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans		0	$ 0
Specifically impaired loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Bad debts recovered	$ 200,000			$ 200,000
Specifically impaired loans [Member] | PCI loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Outstanding specifically impaired loans		2,159,000
Specific impairment		$ 190,000

Allowance for Loans Losses - _4

Allowance for Loans Losses - Summary of Purchased Loans (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	$ 13,787	$ 19,686
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	644	1,272
Other Revolving Credit Plans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	19	26
Automobile Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	7	10
Other Consumer Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	49	63
Construction Loans and All Land Development and Other Land Loans [Member] | Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	900	1,397
Secured by 1-4 Family Residential [Member] | Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	2,584	2,709
Secured by First Liens [Member] | Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	5,743	6,971
Secured by Junior Liens [Member] | Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	380	394
Secured by Multifamily [Member] | Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	55	63
Loans Secured by Owner-Occupied, Nonfarm Nonresidential Properties [Member] | Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	$ 3,406	4,459
Loans Secured by Other Nonfarm Nonresidential Properties [Member] | Real Estate [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans		$ 2,322

Allowance for Loans Losses - _5

Allowance for Loans Losses - Summary of Accounts Notes Loans and Financing Receivable (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	$ 1,046,380	$ 647,572
Less: Unearned income	(7,200)	(738)
Total	1,039,180	646,834
Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	444,718	77,728
Consumer Installment Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	45,144	39,202
Real Estate [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	49,884	38,039
Real Estate [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	19,001	26,778
Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	272,778	251,824
Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	210,679	208,494
Real Estate [Member] | Mortgage, Farmland [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	4,176	5,507
Grade 1 Prime [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	363,535	3,269
Grade 1 Prime [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	362,661	1,509
Grade 1 Prime [Member] | Consumer Installment Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	285	293
Grade 1 Prime [Member] | Real Estate [Member] | Mortgage, Farmland [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	589	1,467
Grade 2 Desirable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	10,347	12,423
Grade 2 Desirable [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,317	1,042
Grade 2 Desirable [Member] | Consumer Installment Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	36	72
Grade 2 Desirable [Member] | Real Estate [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	2,250	1,454
Grade 2 Desirable [Member] | Real Estate [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans		139
Grade 2 Desirable [Member] | Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,273	4,971
Grade 2 Desirable [Member] | Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,366	4,611
Grade 2 Desirable [Member] | Real Estate [Member] | Mortgage, Farmland [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	105	134
Grade 3 Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	308,424	307,963
Grade 3 Good [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	27,454	35,180
Grade 3 Good [Member] | Consumer Installment Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	17,332	17,872
Grade 3 Good [Member] | Real Estate [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	25,833	24,667
Grade 3 Good [Member] | Real Estate [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	4,282	9,355
Grade 3 Good [Member] | Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	128,673	118,488
Grade 3 Good [Member] | Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	103,548	100,665
Grade 3 Good [Member] | Real Estate [Member] | Mortgage, Farmland [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,302	1,736
Grade 4 Acceptable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	324,753	297,590
Grade 4 Acceptable [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	44,134	37,458
Grade 4 Acceptable [Member] | Consumer Installment Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	26,638	20,067
Grade 4 Acceptable [Member] | Real Estate [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	20,709	10,850
Grade 4 Acceptable [Member] | Real Estate [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	8,999	14,331
Grade 4 Acceptable [Member] | Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	126,106	114,598
Grade 4 Acceptable [Member] | Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	95,987	98,116
Grade 4 Acceptable [Member] | Real Estate [Member] | Mortgage, Farmland [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	2,180	2,170
Grade 5 Pass/Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	26,765	16,482
Grade 5 Pass/Watch [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	7,394	568
Grade 5 Pass/Watch [Member] | Consumer Installment Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	194	116
Grade 5 Pass/Watch [Member] | Real Estate [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	157	102
Grade 5 Pass/Watch [Member] | Real Estate [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	5,720	2,953
Grade 5 Pass/Watch [Member] | Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	7,355	9,273
Grade 5 Pass/Watch [Member] | Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	5,945	3,470
Grade 6 Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	6,069	3,553
Grade 6 Special Mention [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	993	1,488
Grade 6 Special Mention [Member] | Consumer Installment Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	4
Grade 6 Special Mention [Member] | Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	4,918	1,935
Grade 6 Special Mention [Member] | Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	154	130
Grade 7 Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	6,487	6,292
Grade 7 Substandard [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	765	483
Grade 7 Substandard [Member] | Consumer Installment Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	655	782
Grade 7 Substandard [Member] | Real Estate [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	935	966
Grade 7 Substandard [Member] | Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	2,453	2,559
Grade 7 Substandard [Member] | Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	$ 1,679	$ 1,502

Goodwill and Intangibles - Addi

Goodwill and Intangibles - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2020	Dec. 31, 2019
Goodwill [Line Items]
Servicing rights of loans originated	$ 435.4
Asset and mortgage loan servicing income	1.6
Mortgage servicing asset	$ 3.2
Hammond Insurance [Member]
Goodwill [Line Items]
Business acquisition, percentage of ownership interests acquired		35.00%

Goodwill and Intangibles - Sche

Goodwill and Intangibles - Schedule of Goodwill (Detail) - USD ($)	Sep. 30, 2020	Dec. 31, 2019	Dec. 15, 2019
Goodwill [Line Items]
Goodwill	$ 19,892,000	$ 19,915,000	$ 16,608,278
Charlottesville Branch [Member]
Goodwill [Line Items]
Goodwill	366,000	366,000
River Bancorp, Inc. [Member]
Goodwill [Line Items]
Goodwill	1,728,000	1,728,000
Mortgage Business [Member]
Goodwill [Line Items]
Goodwill	600,000	600,000
Hammond Insurance [Member]
Goodwill [Line Items]
Goodwill	613,000	613,000
Virginia Community Bankshares, Inc [Member]
Goodwill [Line Items]
Goodwill	$ 16,585,000	$ 16,608,000

Goodwill and Intangibles - Sc_2

Goodwill and Intangibles - Schedule of Amortizable Intangibles Included in Other Assets on Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Finite Lived Intangible Assets [Line Items]
Amortizable Intangibles	$ 3,022	$ 3,718
Customer Based [Member] | MoneyWise Payroll [Member]
Finite Lived Intangible Assets [Line Items]
Amortizable Intangibles	394	541
Customer Based [Member] | Hammond Insurance [Member]
Finite Lived Intangible Assets [Line Items]
Amortizable Intangibles	350	375
Customer Based [Member] | LenderSelect [Member]
Finite Lived Intangible Assets [Line Items]
Amortizable Intangibles	648	720
Core Deposits [Member] | River Bancorp, Inc. [Member]
Finite Lived Intangible Assets [Line Items]
Amortizable Intangibles	94	211
Core Deposits [Member] | Virginia Community Bankshares, Inc [Member]
Finite Lived Intangible Assets [Line Items]
Amortizable Intangibles	1,444	1,690
Other [Member]
Finite Lived Intangible Assets [Line Items]
Amortizable Intangibles	$ 92	$ 181

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities - Summary of derivative instruments (Detail) - Interest Rate Swap Agreement [Member] $ in Thousands	Sep. 30, 2020USD ($)
Receive Fixed/Pay Variable Swaps [Member]
Derivative [Line Items]
Notional Amount	$ 2,111
Fair Value	379
Pay Fixed/Receive Variable Swaps [Member]
Derivative [Line Items]
Notional Amount	2,111
Fair Value	$ (379)

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Summary of Identified Hedge Layers (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)
Identified Hedge [Member] | 3-Month LIBOR Hedged Agreement One [Member]
Derivative [Line Items]
Notional Amount	$ 15,000
Cash & securities exposure hedged amount	$ 15,000
Derivative, inception date	Jul. 1, 2019
Derivative, maturity date	Jul. 1, 2022
Identified Hedge [Member] | 3-Month LIBOR Hedged Agreement Two [Member]
Derivative [Line Items]
Notional Amount	$ 25,000
Cash & securities exposure hedged amount	$ 25,000
Derivative, inception date	Aug. 2, 2019
Derivative, maturity date	Feb. 2, 2023
Identified Hedge [Member] | 3-Month LIBOR Hedged Agreement Three [Member]
Derivative [Line Items]
Notional Amount	$ 10,000
Cash & securities exposure hedged amount	$ 10,000
Derivative, inception date	Aug. 29, 2019
Derivative, maturity date	Aug. 29, 2023
New Hedges [Member] | 3-Month LIBOR Hedged Agreement One [Member]
Derivative [Line Items]
Notional Amount	$ 15,000
Cash & securities exposure hedged amount	$ 15,000
Derivative, inception date	Jul. 1, 2022
Derivative, maturity date	Jul. 1, 2032
New Hedges [Member] | 3-Month LIBOR Hedged Agreement Two [Member]
Derivative [Line Items]
Notional Amount	$ 25,000
Cash & securities exposure hedged amount	$ 25,000
Derivative, inception date	Feb. 2, 2023
Derivative, maturity date	Feb. 2, 2033
New Hedges [Member] | 3-Month LIBOR Hedged Agreement Three [Member]
Derivative [Line Items]
Notional Amount	$ 10,000
Cash & securities exposure hedged amount	$ 10,000
Derivative, inception date	Aug. 29, 2023
Derivative, maturity date	Aug. 29, 2033
Additional Hedges [Member] | 3-Month LIBOR Hedged Agreement One [Member]
Derivative [Line Items]
Notional Amount	$ 20,000
Cash & securities exposure hedged amount	$ 20,000
Derivative, inception date	Mar. 13, 2020
Derivative, maturity date	Mar. 13, 2030
Additional Hedges [Member] | 3-Month LIBOR Hedged Agreement Two [Member]
Derivative [Line Items]
Notional Amount	$ 35,000
Cash & securities exposure hedged amount	$ 35,000
Derivative, inception date	May 6, 2020
Derivative, maturity date	May 6, 2027
Additional Hedges [Member] | 3-Month LIBOR Hedged Agreement Three [Member]
Derivative [Line Items]
Notional Amount	$ 10,000
Cash & securities exposure hedged amount	$ 10,000
Derivative, inception date	May 29, 2020
Derivative, maturity date	May 29, 2027

Derivative Financial Instrume_5

Derivative Financial Instruments and Hedging Activities - Additional Information (Detail) $ in Millions	Sep. 30, 2020USD ($)
Derivative [Line Items]
Cash collateral with counterparty	$ 6
Identified Hedge [Member]
Derivative [Line Items]
Derivative, fixed interest rate	1.80%
New Hedges [Member] | Minimum [Member]
Derivative [Line Items]
Derivative, fixed interest rate	0.92%
New Hedges [Member] | Maximum [Member]
Derivative [Line Items]
Derivative, fixed interest rate	0.95%
Additional Hedges [Member] | Minimum [Member]
Derivative [Line Items]
Derivative, fixed interest rate	0.83%
Additional Hedges [Member] | Maximum [Member]
Derivative [Line Items]
Derivative, fixed interest rate	0.86%

Employee Benefit Plan - Additio

Employee Benefit Plan - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Employee Stock Ownership Plan (ESOP) [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares Issued Under Employee Benefit plan	104,058		104,058		79,800
The 401k Profit Sharing Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Expense	$ 356,642	$ 182,091	$ 686,291	$ 454,439
Defined contribution Plan Eligibility			Employees become eligible to participate in the discretionary contributions after one year of continuous service and the benefits vest over a five-year period.
Maximum [Member] | The 401k Profit Sharing Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Employer Matching Contribution			5.00%

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Non-cash equity compensation	$ 203	$ 41	$ 352	$ 160
Grant date fair value of restricted stock awards outstanding			$ 1,100		$ 1,300

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, 2020	Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities	$ 113,889	$ 108,571
Fair Value, Recurring [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities	113,889	108,571
Fair Value, Recurring [Member] | State and Municipal [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities	14,011
Fair Value, Recurring [Member] | U.S. Treasury and Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities	2,466	2,449
Fair Value, Recurring [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities	79,491	95,485
Fair Value, Recurring [Member] | Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities	17,921	10,637
Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities	113,889	108,571
Fair Value, Recurring [Member] | Level 2 [Member] | State and Municipal [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities	14,011
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]
Available for sale securities	2,466	2,449
Fair Value, Recurring [Member] | Level 2 [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities	79,491	95,485
Fair Value, Recurring [Member] | Level 2 [Member] | Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Available for sale securities	$ 17,921	$ 10,637

Fair Value - Additional Informa

Fair Value - Additional Information (Detail) - USD ($)	Sep. 30, 2020	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Other real estate owned fair value disclosure	$ 0	$ 0

Disclosures About Fair Value _3

Disclosures About Fair Value of Financial Instruments - Summary of Estimated Fair Values and Related Carrying amounts of Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financial Assets
Loans held for sale	$ 193,122	$ 55,646
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial Assets
Cash and short-term investments	77,596	60,026
Federal funds sold		480
Financial Liabilities
Federal funds purchased	135
Significant Observable Inputs (Level 2) [Member]
Financial Assets
Investment securities	123,330	129,359
Loans held for sale	193,122	55,646
Accrued interest receivable	5,193	2,590
Bank-owned life insurance	15,013	14,734
Financial Liabilities
Deposits	643,704	542,805
Other borrowed funds	459,476	124,971
Accrued interest payable	644	706
Significant Unobservable Inputs (Level 3) [Member]
Financial Assets
Net loans held for investment	1,034,898	643,878
Financial Liabilities
Deposits	278,584	168,736
Subordinated debt, net	25,326	9,784
Carrying Amount
Financial Assets
Cash and short-term investments	77,596	60,026
Federal funds sold		480
Investment securities	123,330	128,897
Loans held for sale	193,122	55,646
Net loans held for investment	1,039,180	642,262
Accrued interest receivable	5,193	2,590
Bank-owned life insurance	15,013	14,734
Financial Liabilities
Deposits	915,266	722,030
Federal funds purchased	135
Other borrowed funds	459,476	124,800
Subordinated debt, net	24,489	9,800
Accrued interest payable	644	706
Fair Value
Financial Assets
Cash and short-term investments	77,596	60,026
Federal funds sold		480
Investment securities	123,330	129,359
Loans held for sale	193,122	55,646
Net loans held for investment	1,034,898	643,878
Accrued interest receivable	5,193	2,590
Bank-owned life insurance	15,013	14,734
Financial Liabilities
Deposits	922,288	711,541
Federal funds purchased	135
Other borrowed funds	459,476	124,971
Subordinated debt, net	25,326	9,784
Accrued interest payable	$ 644	$ 706

Business Segments - Summary of

Business Segments - Summary of Segment Reporting Information by Segment (Detail) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Segment Reporting Information [Line Items]
Interest income	$ 14,444,000	$ 8,118,000	$ 38,034,000	$ 22,430,000
Revenues	785,000	519,000	2,353,000	1,610,000
Revenues	17,749,000	4,973,000	39,270,000	14,255,000
Revenues	16,964,000	4,454,000	36,917,000	12,645,000
Revenues	32,193,000	13,091,000	77,304,000	36,685,000
Interest expense	2,615,000	2,682,000	7,537,000	6,943,000
Provision for loan losses	4,000,000	570,000	8,075,000	1,465,000	$ 1,742,000
Salary and benefits	11,880,000	5,079,000	30,141,000	14,149,000
Other operating expenses	6,932,000	3,128,000	15,817,000	9,068,000
Total expense	25,427,000	11,459,000	61,570,000	31,625,000
Income (loss) before income taxes	6,766,000	1,632,000	15,734,000	5,060,000
Income tax expense (benefit)	1,707,000	379,000	3,618,000	989,000
Net income (loss)	5,059,000	1,253,000	12,116,000	4,071,000
Net (income) loss attributable to noncontrolling interest	4,000	(3,000)	(1,000)	(21,000)
Net income available to common shareholders	5,063,000	1,250,000	12,115,000	4,050,000
Mortgage Banking Income, Net [Member]
Segment Reporting Information [Line Items]
Revenues	16,044,000	3,943,000	35,210,000	10,966,000
Other operating income (expense) [Member]
Segment Reporting Information [Line Items]
Revenues	1,269,000	627,000	2,655,000	2,087,000
Blue Ridge Bank [Member]
Segment Reporting Information [Line Items]
Interest income	13,495,000	7,757,000	35,985,000	21,581,000
Revenues	14,985,000	8,538,000	39,327,000	24,097,000
Interest expense	2,132,000	2,289,000	6,440,000	5,921,000
Provision for loan losses	4,000,000	570,000	8,075,000	1,465,000
Salary and benefits	3,311,000	2,126,000	9,586,000	6,167,000
Other operating expenses	3,370,000	1,785,000	8,771,000	5,194,000
Total expense	12,813,000	6,770,000	32,872,000	18,747,000
Income (loss) before income taxes	2,172,000	1,768,000	6,455,000	5,350,000
Income tax expense (benefit)	528,000	344,000	1,443,000	932,000
Net income (loss)	1,644,000	1,424,000	5,012,000	4,418,000
Net income available to common shareholders	1,644,000	1,424,000	5,012,000	4,418,000
Blue Ridge Bank [Member] | Other operating income (expense) [Member]
Segment Reporting Information [Line Items]
Revenues	1,275,000	610,000	2,673,000	2,057,000
Blue Ridge Bank Mortgage Division [Member]
Segment Reporting Information [Line Items]
Interest income	917,000	359,000	2,012,000	845,000
Revenues	16,961,000	4,302,000	37,222,000	11,811,000
Interest expense	72,000	215,000	243,000	490,000
Salary and benefits	8,455,000	2,858,000	20,221,000	7,711,000
Other operating expenses	2,133,000	955,000	4,914,000	2,697,000
Total expense	10,660,000	4,028,000	25,378,000	10,898,000
Income (loss) before income taxes	6,301,000	274,000	11,844,000	913,000
Income tax expense (benefit)	1,276,000	80,000	2,440,000	193,000
Net income (loss)	5,025,000	194,000	9,404,000	720,000
Net income available to common shareholders	5,025,000	194,000	9,404,000	720,000
Blue Ridge Bank Mortgage Division [Member] | Mortgage Banking Income, Net [Member]
Segment Reporting Information [Line Items]
Revenues	16,044,000	3,943,000	35,210,000	10,966,000
MoneyWise Payroll [Member]
Segment Reporting Information [Line Items]
Revenues	221,000	232,000	736,000	743,000
Salary and benefits	114,000	95,000	334,000	271,000
Other operating expenses	133,000	119,000	393,000	344,000
Total expense	247,000	214,000	727,000	615,000
Income (loss) before income taxes	(26,000)	18,000	9,000	128,000
Income tax expense (benefit)	(5,000)	(1,000)	2,000	22,000
Net income (loss)	(21,000)	19,000	7,000	106,000
Net (income) loss attributable to noncontrolling interest	4,000	(3,000)	(1,000)	(21,000)
Net income available to common shareholders	(17,000)	16,000	6,000	85,000
Parents Only [Member]
Segment Reporting Information [Line Items]
Interest income	32,000	2,000	37,000	4,000
Revenues	32,000	25,000	37,000	52,000
Interest expense	411,000	178,000	854,000	532,000
Other operating expenses	1,302,000	275,000	1,757,000	851,000
Total expense	1,713,000	453,000	2,611,000	1,383,000
Income (loss) before income taxes	(1,681,000)	(428,000)	(2,574,000)	(1,331,000)
Income tax expense (benefit)	(92,000)	(44,000)	(267,000)	(158,000)
Net income (loss)	(1,589,000)	(384,000)	(2,307,000)	(1,173,000)
Net income available to common shareholders	(1,589,000)	(384,000)	(2,307,000)	(1,173,000)
Parents Only [Member] | Other operating income (expense) [Member]
Segment Reporting Information [Line Items]
Revenues		23,000		48,000
Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(6,000)	(6,000)	(18,000)	(18,000)
Other operating expenses	(6,000)	(6,000)	(18,000)	(18,000)
Total expense	(6,000)	(6,000)	(18,000)	(18,000)
Eliminations [Member] | Other operating income (expense) [Member]
Segment Reporting Information [Line Items]
Revenues	(6,000)	(6,000)	(18,000)	(18,000)
Service Charge on Deposit Accounts [Member]
Segment Reporting Information [Line Items]
Revenues	215,000	171,000	669,000	459,000
Service Charge on Deposit Accounts [Member] | Blue Ridge Bank [Member]
Segment Reporting Information [Line Items]
Revenues	215,000	171,000	669,000	459,000
Payroll Processing Revenue
Segment Reporting Information [Line Items]
Revenues	221,000	232,000	736,000	743,000
Payroll Processing Revenue | MoneyWise Payroll [Member]
Segment Reporting Information [Line Items]
Revenues	$ 221,000	$ 232,000	$ 736,000	$ 743,000

Other Borrowed Funds - Addition

Other Borrowed Funds - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Other borrowings	$ 459,476	$ 124,800
Federal Reserve Paycheck Protection Program Liquidity [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Other borrowings	$ 344,500
Interest rate	0.35%
Federal Home Loan Bank of Atlanta [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Federal home loan bank advance	$ 115,000	$ 124,800
Decrease in other borrowings	$ (9,800)

Other Borrowed Funds - Schedule

Other Borrowed Funds - Schedule of Other Borrowings Advances from Federal Home Loan Bank (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Weighted average interest rate	0.35%
Federal Reserve Paycheck Protection Program Liquidity Facility	$ 344,476
Federal Home Loan Bank of Atlanta [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
FHLB borrowings	$ 115,000	$ 124,800
Weighted average interest rate	0.24%	1.92%

Subordinated Debt - Additional

Subordinated Debt - Additional Information (Detail) - Subordinated debt [Member] - USD ($)	1 Months Ended
	May 28, 2020	Nov. 20, 2015
Subordinated Borrowing [Line Items]
Subordinated debt instrument face value	$ 15,000,000	$ 10,000,000
Subordinated debt instrument maturity date	Jun. 1, 2030	Dec. 1, 2025
Subordinated debt interest rate terms	The 2020 Note bears interest, payable on the 1st of June and December of each year, commencing December 1, 2020, at a fixed rate of 6.00% per year for the first five years, and thereafter will bear a floating interest rate of SOFR (as defined in the note) plus 587 basis points.	The 2015 Notes bear interest, payable on the 1st of June and December of each year, commencing June 1, 2016, at a fixed rate of 6.75% per year for the first five years, and thereafter will bear a floating interest rate of LIBOR plus 512.8 basis points.
Subordinated debt instrument fixed rate of interest	6.00%	6.75%
Subordinated debt instrument call feature	The Company has the right to redeem the 2020 Note, in whole or in part, without premium or penalty, at any interest payment date on or after June 1, 2025 and prior to the maturity date, but in all cases in a principal amount with integral multiples of $1,000, plus interest accrued and unpaid through the date of redemption	The Company has the right to redeem the 2015 Notes, in whole or in part, without premium or penalty, at any interest payment date on or after December 1, 2020 and prior to the maturity date, but in all cases in a principal amount with integral multiples of $1,000, plus interest accrued and unpaid through the date of redemption
Subordinated debt instrument date of first required payment	Dec. 1, 2020	Jun. 1, 2016
Subordinate debt principal amount with interest accrued	$ 1,000	$ 1,000
Subordinated debt issuance costs	$ 687,500	$ 687,500
LIBOR [Member]
Subordinated Borrowing [Line Items]
Subordinated debt instrument variable interest rate spread		512.80%
SOFR [Member]
Subordinated Borrowing [Line Items]
Subordinated debt instrument variable interest rate spread	587.00%

Subordinated Debt - Summary of

Subordinated Debt - Summary of Subordinated Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Subordinated Borrowings [Abstract]
Subordinated debt	$ 25,000	$ 10,000
Unamortized issuance costs	(511)	(200)
Subordinated debt, net	$ 24,489	$ 9,800

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Summary of Total Non-interest Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	$ 785	$ 519	$ 2,353	$ 1,610
Non-interest income within scope of other ASC topics	16,964	4,454	36,917	12,645
Total other income	17,749	4,973	39,270	14,255
Service Fees on Deposit Accounts [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	215	171	669	459
Bank Card Revenue [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	349	116	948	408
Payroll Processing Income [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	$ 221	$ 232	$ 736	$ 743

Leases - Additional Information

Leases - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Jan. 01, 2019
Lessee Lease Description [Line Items]
Operating lease right of use assets	$ 5,634
Operating lease liabilities	$ 5,795
Lease, practical expedients package	true
Operating lease, option to extend	Certain of these leases offer the option to extend the lease term and the Company has included such extensions in its calculation of the lease liabilities to the extent the options are reasonably assured of being exercised.
Operating lease, existence of to extend	true
Accounting Standards Update 2016-02 [Member]
Lessee Lease Description [Line Items]
Operating lease right of use assets		$ 7,000
Operating lease liabilities		$ 7,000

Leases - Summary of Company's L

Leases - Summary of Company's Leases (Detail) $ in Thousands	Sep. 30, 2020USD ($)
Leases [Abstract]
Lease liabilities	$ 5,795
Right-of-use assets	$ 5,634
Weighted average remaining lease term	5 years 9 months 7 days
Weighted average discount rate	2.77%

Leases - Summary of Lease Cost

Leases - Summary of Lease Cost (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Leases [Abstract]
Operating lease cost	$ 458	$ 369	$ 1,347	$ 1,104
Total lease cost	458	369	1,347	1,104
Cash paid for amounts included in the measurement of lease liabilities	$ 449	$ 218	$ 1,308	$ 874

Leases - Summary of Operating L

Leases - Summary of Operating Lease Liabilities (Detail) $ in Thousands	Sep. 30, 2020USD ($)
Leases [Abstract]
Three months ending December 31, 2020	$ 329
Twelve months ending December 31, 2021	1,316
Twelve months ending December 31, 2022	1,114
Twelve months ending December 31, 2023	991
Twelve months ending December 31, 2024	654
Twelve months ending December 31, 2025	492
Thereafter	1,487
Total undiscounted cash flows	6,383
Discount	(588)
Lease liabilities	$ 5,795