Blue Ridge Bankshares (BRBS) 10-K 29 Mar 21 2020 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2020	Mar. 17, 2021	Jun. 30, 2020
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
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	22901
City Area Code	540
Local Phone Number	743-6521
Trading Symbol	BRBS
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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		12,411,865
Entity Public Float			$ 59,618,956
Document Annual Report	true
Document Transition Report	false
Documents Incorporated by Reference	The information required by Part III of this Form 10-K will be included in the registrant’s definitive proxy statement for the 2021 annual meeting of shareholders and incorporated herein by reference or in an amendment to this Form 10-K filed within 120 days after the end of the fiscal year covered by this Form 10-K.

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Assets
Cash and due from banks	$ 117,945	$ 60,026
Federal funds sold	775	480
Securities available for sale, at fair value	109,475	108,571
Securities held to maturity (fair value of $12,654 in 2019)		12,192
Restricted equity investments, at cost	11,173	8,134
Loans held for sale	178,598	55,646
Paycheck Protection Program loans, net of fees	288,533
Loans held for investment, net of deferred fees and costs	702,494	646,834
Less allowance for loan losses	(13,827)	(4,572)
Loans held for investment, net	688,667	642,262
Accrued interest receivable	5,428	2,590
Premises and equipment, net	14,831	13,651
Cash surrender value of life insurance	15,724	15,321
Goodwill	19,892	19,915
Other intangible assets	2,922	3,718
Right-of-use asset, net	5,328	6,620
Mortgage derivative asset	5,293	591
Mortgage servicing rights	7,084
Mortgage payments receivable	1,038	580
Mortgage brokerage receivable	8,516	1,128
Other assets	17,036	9,386
Total assets	1,498,258	960,811
Deposits:
Noninterest-bearing	333,051	177,819
Interest-bearing	612,058	544,211
Total deposits	945,109	722,030
FHLB borrowings	115,000	124,800
FRB borrowings	281,650
Subordinated debentures, net of issuance costs	24,506	9,800
Other liabilities	23,793	11,844
Total liabilities	1,390,058	868,474
Commitments and contingencies (Note 24)
Stockholders’ Equity:
Common stock, no par value; 25,000,000 shares authorized; 5,718,621 and 5,658,585 shares issued and outstanding at December 31, 2020 and 2019, respectively	66,771	66,204
Additional paid-in capital	252	252
Retained earnings	40,688	25,428
Accumulated other comprehensive income	264	229
Stockholders' Equity	107,975	92,113
Noncontrolling interest	225	224
Total stockholders’ equity	108,200	92,337
Total liabilities and stockholders’ equity	$ 1,498,258	$ 960,811

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Securities held to maturity, fair value		$ 12,654
Common stock, no par value
Common stock, shares authorized	25,000,000	25,000,000
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 ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Interest income:
Interest and fees on loans	$ 51,559	$ 27,090
Interest on taxable securities	2,752	3,552
Interest on nontaxable securities	147	236
Interest on federal funds sold	2	10
Total interest income	54,460	30,888
Interest expense:
Interest on deposits	6,246	6,209
Interest on subordinated debentures	1,265	709
Interest on other borrowings	2,439	2,602
Total interest expense	9,950	9,520
Net interest income	44,510	21,368
Provision for loan losses	10,450	1,742
Net interest income after provision for loan losses	34,060	19,626
Non-interest income:
Service charges on deposit accounts	905	651
Residential mortgage banking income, net	44,460	14,433
Mortgage servicing rights	7,084
Gain on sale of guaranteed USDA loans	880	298
Income from investment in life insurance contracts	390	936
Payroll processing income	974	980
Bank and purchase card revenue	1,297	572
Other income	834	926
Total non-interest income	56,824	18,796
Non-interest expenses:
Salaries and employee benefits	45,418	19,328
Occupancy and equipment expense	3,551	2,538
Data processing fees	2,683	1,902
Legal, issuer, and regulatory filing fees	2,687	1,778
Advertising expense	776	810
Debit card expenses	583	363
Communications expense	721	441
Audit and accounting fees	436	258
FDIC insurance expense	749	420
Other contractual services	1,408	382
Other taxes and assessments	1,013	661
Other operating	8,362	3,964
Total non-interest expenses	68,387	32,845
Income before income tax	22,497	5,577
Income tax expense	4,800	973
Net income	17,697	4,604
Net Income attributable to noncontrolling interest	(1)	(24)
Net Income attributable to Blue Ridge Bankshares, Inc.	17,696	4,580
Net Income available to common stockholders	$ 17,696	$ 4,580
Basic earnings per common share	$ 3.11	$ 1.10
Diluted earnings per common share	$ 3.11	$ 1.10

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 17,697	$ 4,604
Other comprehensive income:
Gross unrealized gains (losses) on securities arising during the period	491	1,767
Adjustment for income tax expense	(103)	(370)
Other comprehensive income loss gross unrealized gains (losses) on securities	388	1,397
Transfer of held-to-maturity securities to available-for-sale	538
Adjustment for income tax expense	(113)
Other comprehensive income loss transfer of held-to-maturity securities to available-for-sale	425
Unrealized gains (losses) on interest rate swaps	(774)	(245)
Adjustment for income tax benefit	163	51
Other comprehensive income loss increase decrease excluding derivative component	(611)	(194)
Reclassifications adjustment for gains included in net income	(211)	(451)
Adjustment for income tax expense	44	95
Reclassification adjustment for gains	(167)	(356)
Other comprehensive income, net of tax	35	847
Comprehensive income	17,732	5,451
Comprehensive income attributable to noncontrolling interest	(1)	(24)
Comprehensive income attributable to Blue Ridge Bankshares, Inc.	$ 17,731	$ 5,427

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
Beginning Balance at Dec. 31, 2018	$ 39,621	$ 16,453	$ 252	$ 23,321	$ (618)	$ 213
Beginning Balance, Shares at Dec. 31, 2018		2,792,885
Net income	4,604			4,580		24
Other comprehensive income	847				847
Noncontrolling interest capital distributions	(13)					(13)
Dividends on common stock	(2,473)			(2,473)
Issuance of common stock, net of capital raise expenses	22,119	$ 22,119
Issuance of common stock, net of capital raise expenses, Shares		1,536,731
Issuance of common stock in business combination	27,402	$ 27,402
Issuance of common stock in business combination, Shares		1,312,919
Issuance of restricted stock awards, net of forfeitures	230	$ 230
Issuance of restricted stock awards, net of forfeitures, Shares		16,050
Ending Balance at Dec. 31, 2019	92,337	$ 66,204	252	25,428	229	224
Ending Balance, Shares at Dec. 31, 2019		5,658,585
Net income	17,697			17,696		1
Other comprehensive income	35				35
Dividends on common stock	(2,436)			(2,436)
Issuance of restricted stock awards, net of forfeitures	567	$ 567
Issuance of restricted stock awards, net of forfeitures, Shares		60,036
Ending Balance at Dec. 31, 2020	$ 108,200	$ 66,771	$ 252	$ 40,688	$ 264	$ 225
Ending Balance, Shares at Dec. 31, 2020		5,718,621

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Statement Of Stockholders Equity [Abstract]
Common stock dividends per share cash paid	$ 0.4275	$ 0.57

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 17,697	$ 4,604
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	951	539
Deferred income taxes	(1,680)	(85)
Provision for loan losses	10,450	1,742
Proceeds from sale of loans held for sale	1,099,378	347,203
Loans held for sale, originated	(1,180,190)	(363,228)
Gain on sale of loans held for sale, originated	(42,140)	(10,387)
Gain on sale of securities	(211)	(451)
Loss (gain) on disposal of premises and equipment	160	(1)
Loss on sale of other real estate owned		43
Investment amortization expense, net	1,138	624
Amortization of subordinated debt issuance costs	55	33
Amortization of other intangibles	796	455
Earnings on life insurance	(390)	(936)
Increase in other assets	(26,303)	(9,209)
Increase in accrued expenses	11,949	8,471
Net cash used in operating activities	(108,340)	(20,583)
Cash flows used in investing activities:
Net (increase) decrease in federal funds sold	(295)	66
Purchase of securities available for sale	(44,164)	(70,737)
Proceeds from calls, maturities, sales, paydowns and maturities of securities available for sale	53,595	44,397
Proceeds from calls, maturities, sales, paydowns and maturities of securities held to maturity	1,212	3,280
Purchase of insurance policies		(600)
Redemption of insurance policies		1,058
Net change in restricted equity securities	(3,039)	(2,692)
Net increase in loans held for investment	(345,388)	(59,743)
Purchase of premises and equipment	(3,010)	(1,127)
Increase in goodwill		(613)
Proceeds from sale of premises and equipment	719	13
Capital calls of SBIC funds and other investments	(609)	(1,177)
VCB acquisition, net of cash acquired		(6,967)
Nonincome distributions from limited liability companies	94	160
Net cash used in investing activities	(340,885)	(94,682)
Cash flows from financing activities:
Net increase in deposits	223,079	88,932
Common stock dividends paid	(2,436)	(2,473)
Federal Home Loan Bank advances	676,900	395,000
Federal Home Loan Bank repayments	(686,700)	(343,300)
Federal Reserve advances	363,682
Federal Reserve repayments	(82,032)
Issuance of common stock		22,119
Issuance of subordinated debt	15,000
Payment of subordinated debt issuance costs	(349)
Noncontrolling interest distributions		(13)
Net cash provided by financing activities	507,144	160,265
Net increase in cash and due from banks	57,919	45,000
Cash and due from banks at beginning of period	60,026	15,026
Cash and due from banks at end of period	117,945	60,026
Supplemental Schedule of Cash Flow Information
Interest	10,030	9,090
Income taxes	2,000	1,020
Non-cash investing and financing activities:
Unrealized gain on available-for-sale securities	1,029	1,767
Transfer of held to maturity securities to available for sale	10,980
Issuance of restricted stock awards, net of forfeitures	567	230
Initial right-of-use asset – operating leases		7,763
Initial lease liability – operating leases		6,742
Assets acquired in acquisition		246,832
Liabilities assumed in acquisition		$ 219,369
Change in goodwill	$ 23

Organization

Organization	12 Months Ended
	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	Note 1. Organization Blue Ridge Bankshares, Inc. (the "Company"), a Virginia corporation, was formed in 1988 and is registered as a bank holding company under the Bank Holding Company Act of 1956, as amended. The Company is headquartered in Charlottesville, Virginia. The Company conducts its business activities primarily through the branch offices of its wholly-owned subsidiary bank, Blue Ridge Bank, National Association (the "Bank"). The Company exists primarily for the purposes of holding the stock of its subsidiary, the Bank. The Bank operates under a national charter and is subject to regulation by the Office of the Comptroller of the Currency (the “OCC”). Consequently, it undergoes periodic examinations by this regulatory authority.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies The accounting and reporting policies of the Company are in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and conform to general practices within the banking industry. (a) Principles of Consolidation The accompanying audited consolidated financial statements of the Company include the accounts of Blue Ridge Bank, N.A. (the “Bank”), PVB Properties, LLC, and MoneyWise Payroll Solutions, Inc. (net of noncontrolling interest) and were prepared in accordance with GAAP. All material intercompany balances and transactions have been eliminated in consolidation. (b) Use of Estimates In preparing consolidated financial statements in conformity with GAAP, management is required to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and contingent liabilities, as of the date of the consolidated financial statements and 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 accounting for business combinations and impairment testing of goodwill, the allowance for loan losses, the valuation of deferred tax assets, other-than-temporary impairment, mortgage servicing rights, and the valuation of derivative and hedging instruments. (c) Accounting for Business Combinations Business combinations are accounted for under the purchase method. The purchase method requires that the assets acquired and liabilities assumed be recorded based on their estimated fair values at the date of acquisition. The excess of the cost of an acquired entity over the net of the amounts assigned to assets acquired and liabilities assumed, including identifiable intangibles, is recorded as goodwill. (d) Cash and due from banks and federal funds sold For purposes of the consolidated statements of cash flows and balance sheets, cash and due from banks include cash on hand and amounts due from banks, including short-term investments with original maturities of less than 90 days. Federal funds sold represents excess bank reserves lent (generally on an overnight basis) to other financial institutions in the federal funds market. Federal funds sold are separately disclosed within the consolidated balance sheets. (e) Management determines the appropriate classification of securities at the time of purchase. If management has the intent and the Company has the ability at the time of purchase to hold securities until maturity, they are classified as held to maturity and carried at amortized historical cost. Securities not intended to be held to maturity are classified as available for sale and carried at fair value. Securities available for sale are intended to be used as part of the Company’s asset and liability management strategy and may be sold in response to liquidity needs, changes in interest rates, prepayment risk, or other similar factors. Securities reclassified from one category to another are transferred at fair value. Amortization of premiums and accretion of discounts on securities are reported as adjustments to interest income using the effective interest method. Realized gains and losses on dispositions are based on the net proceeds and the adjusted book value of the securities sold using the specific identification method. Unrealized gains and losses on investment securities available for sale are based on the difference between book value and fair value of each security. These gains and losses are credited or charged to shareholders’ equity, whereas realized gains and losses flow through the Company’s current earnings. (f) 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 fair 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 residential mortgage banking income on the consolidated statements of income. The Company participates in a “mandatory” delivery program for its government guaranteed and conventional mortgage loans. Under the mandatory delivery system, loans with interest rate locks are paired with the sale of a to-be-announced (“TBA”) 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 after 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. Loans held for sale also includes $30.4 million and $18.1 million as of December 31, 2020 and 2019, respectively, to a third-party financial institution to fund mortgage originations, that are sold in the secondary market. The Bank reviews loan documentation for each specific mortgage prior to funding to ensure it conforms to the terms of the agreement. The mortgages funded through this program must have already obtained a purchase commitment (takeout) from another financial institution as part of the conditions of the Bank’s funding. (g) Loans and Allowance for Loan Losses Loans receivable that management has the intent and ability to hold for the foreseeable future or until loan maturity or pay-off are reported at their outstanding principal balance adjusted for any charge-offs, and net of any deferred fees and origination costs. Loan origination fees and certain direct origination costs are deferred and amortized as an adjustment of the yield using the payment terms required by the loan contract. During 2019, as a result of the Company's acquisition of Virginia Community Bankshares, Inc. (“VCB”), the loan portfolio was segregated between loans initially accounted for under the amortized cost method (referred to as "originated" loans) and loans acquired (referred to as "acquired" loans). The loans segregated to the acquired loan portfolio were initially measured at fair value and subsequently accounted for under either Accounting Standards Codification Topic (“ASC”) 310-30 or ASC 310-20. Purchased credit-impaired (“PCI”) loans, which were the non-performing loans acquired in the Company's acquisition of VCB, were acquired at a discount that is due, in part, to credit quality and are accounted for under ASC 310-30. These loans are initially recorded at fair value (as determined by the present value of expected future cash flows) with no allowance for loan losses. The Company accounts for interest income on all loans acquired at a discount (that is due, in part, to credit quality) based on the acquired loans' expected cash flows. The acquired loans may be aggregated and accounted for as a pool of loans if the loans being aggregated have common risk characteristics. A pool is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flow. The difference between the cash flows expected at acquisition and the investment in the loans, or the "accretable yield," is recognized as interest income utilizing the level-yield method over the life of each pool. Increases in expected cash flows subsequent to the acquisition are recognized prospectively through adjustment to any previously recognized allowance for loan loss for that pool of loans and then through an increase in the yield on the pool over its remaining life, while decreases in expected cash flows are recognized as impairment through a loss provision and an increase in the allowance for loan losses. Therefore, the allowance for loan losses on these impaired pools reflects only losses incurred after the acquisition (representing the present value of all cash flows that were expected at acquisition but currently are not expected to be received). The Company periodically evaluates the remaining contractual required payments due and estimates of cash flows expected to be collected for PCI loans. These evaluations, performed quarterly, require the continued use of key assumptions and estimates, similar to the initial estimate of fair value. Changes in the contractual required payments due and estimated cash flows expected to be collected may result in changes in the accretable yield and non-accretable difference or reclassifications between accretable yield and the non-accretable difference. On an aggregate basis, if the acquired pools of PCI loans perform better than originally expected, the Company would expect to receive more future cash flows than originally modeled at the acquisition date. For the pools with better than expected cash flows, the forecasted increase would be recorded as an additional accretable yield that is recognized as a prospective increase to the Company's interest income on loans. Loans are generally placed into nonaccrual status when they are past-due 90 days as to either principal or interest or when, in the opinion of management, the collection of principal and/or interest is in doubt. A loan remains in nonaccrual status until the loan is current as to payment of both principal and interest or past-due less than 90 days and the borrower demonstrates the ability to pay and remain current. Loans are charged-off when a loan or a portion thereof is considered uncollectible. When cash payments are received, they are applied to principal first, then to accrued interest. It is the Company's policy not to record interest income on nonaccrual loans until principal has become current. In certain instances, accruing loans that are past due 90 days or more as to principal or interest may not go on nonaccrual status if the Company determines that the loans are well secured and are in the process of collection. Non-performing assets include nonaccrual loans, loans past due 90 days or more, and other real estate owned (“OREO”). The Company maintains the allowance for loan losses at a level that represents management's best estimate of known and inherent losses in the loan portfolio. Both the amount of the provision expense and the level of the allowance for loan losses are impacted by many factors, including general and industry-specific economic conditions, actual and expected credit losses, historical trends, and specific conditions of the individual borrowers. As a part of the analysis, the Company uses comparative peer group data and qualitative factors such as levels of and trends in delinquencies, nonaccrual loans, charged-off loans, changes in volume and terms of loans, effects of changes in lending policy, experience and ability and depth of management, national and local economic trends, and conditions and concentrations of credit, competition, and loan review results to support estimates. The allowance for loan losses is increased or decreased by provisions for (reversal of) loan losses, increased by recoveries of previously charged-off loans, and decreased by loan charge-offs. The Company also maintains an allowance for loan losses for acquired loans: (i) for loans accounted for under ASC 310-30, when there is deterioration in credit quality subsequent to acquisition, and (ii) for loans accounted for under ASC 310-20, when the inherent losses in the loans exceed the remaining discount recorded at the time of acquisition. The allowance for loan losses consists of specific and general components. The specific component relates to loans that are determined to be impaired and, therefore, individually evaluated for impairment. The Company determines and recognizes impairment of certain loans when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the loan agreement. A loan is not considered impaired during a period of delay in payment if the Company expects to collect all amounts due, including past-due interest. The Company individually assigns loss factors to all loans that have been identified as having loss attributes, as indicated by deterioration in the financial condition of the borrower or a decline in underlying collateral value if the loan is collateral dependent. The Company evaluates the impairment of certain loans on a loan by loan basis for those loans that are adversely risk rated. Measurement of impairment is based on the expected future cash flows of an impaired loan, which are discounted at the loan's effective interest rate, or measured on an observable market value, if one exists, or the fair value of the collateral underlying the loan, discounted to consider estimated costs to sell the collateral for collateral-dependent loans. If the net collateral value is less than the loan balance (including accrued interest and any unamortized premium or discount associated with the loan) an impairment is recognized and a specific reserve is established for the impaired loan. Loans classified as loss loans are fully reserved or charged-off. Loans considered to be troubled debt restructurings ("TDRs") are loans that have their terms restructured (e.g., interest rates, loan maturity date, payment and amortization period, etc.) in circumstances that provide payment relief to a borrower experiencing financial difficulty. All restructured loans are considered impaired loans and may either be in accruing status or nonaccruing status. Nonaccruing restructured loans may return to accruing status provided doubt has been removed concerning the collectability of principal and interest as evidenced by a sufficient period of payment performance in accordance with the restructured terms. Loans may be removed from the restructured category in the year subsequent to the restructuring, if their revised loan terms are considered to be consistent with terms that can be obtained in the credit market for loans with comparable risk and if they meet certain performance criteria. Pursuant to the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), banks have the option to temporarily suspend certain requirements of GAAP related to TDRs for a limited period of time if certain conditions are met. All loan modifications made by the Company were made on a good faith basis to borrowers who met the requirements for modifications under the CARES Act. As a result of regulatory and accounting guidance regarding such modifications, the loans are not designated as TDRs, as of December 31, 2020. (h) Premises and Equipment Land is carried at cost. Premises, furniture, equipment, and leasehold improvements are carried at cost less accumulated depreciation and amortization. Depreciation of premises, furniture and equipment is computed using the straight-line method over estimated useful lives from three to forty years. Amortization of leasehold improvements is computed using the straight-line method over the useful lives of the improvements or the lease term. Purchased computer software, which is capitalized, is amortized over estimated useful lives of one to three years. Rent expense on operating leases is recorded using the straight-line method over the appropriate lease term. (i) Goodwill and Intangible Assets Goodwill, which represents the excess of purchase price over fair value of net assets acquired, is not amortized but is evaluated at least annually for impairment by comparing its fair value with its carrying amount. Impairment is indicated when the carrying amount of a reporting unit exceeds its estimated fair value. Goodwill arises from business combinations and is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. The Company performs the annual impairment test annually during the fourth quarter. Goodwill is the only intangible asset with an indefinite life on the Company’s balance sheet. Intangible assets with definite useful lives are amortized over their estimated useful lives and tested for impairment if events and circumstances exist that might indicate impairment may have occurred. No impairment was recorded for 2020 and 2019. (j) Mortgage Servicing Rights (“MSR”) Assets MSR assets represent a contractual agreement where the rights to service an existing mortgage are sold by the original lender to another party who specializes in the various functions of servicing mortgages. MSR assets can also result from the retention of servicing when an originated loan is sold in the secondary market. Per ASC 860-50, Transfers and Servicing, MSR assets are initially recognized at fair value and subsequently accounted for using either the amortization method or the fair value measurement method. The Company has elected to subsequently account for its MSR assets using the amortization method, which requires that the servicing asset be amortized in proportion to and over the period of estimated net servicing income. ASC 860-50 also requires that MSR assets accounted for using the amortization method are evaluated for impairment each reporting period and reported at the lower of amortized cost or fair market value. MSR income and assets are reported on the Company’s consolidated statements of income and consolidated balance sheets, respectively. (k) Other Real Estate Owned (“OREO”) Assets acquired through, or in lieu of, loan foreclosure are held for sale. At the time of acquisition, these properties are recorded at fair value less estimated selling costs, with any write down charged to the allowance for loan losses and any gain on foreclosure recorded in the allowance up to the amount previously changed off, establishing a new cost basis. Subsequent to foreclosure, valuations of the assets are periodically performed by management, and these assets are subsequently accounted for at the lower of cost or fair value, less estimated selling costs. Adjustments are made for subsequent declines in the fair value of the assets, less selling costs. Revenue and expenses from operations and valuation changes are charged to operating income in the period of the transaction. (l) Cash Surrender Value of Life Insurance The Company has purchased life insurance policies on certain key employees. The cash surrender value of life insurance is recorded at the amount that can be realized under the insurance contract at the balance date, which is the cash surrender value. The increase in the cash surrender value over time is recorded as other non-interest income. The Company monitors the financial strength and condition of the counterparty. (m) Small Business Investment Company (“SBIC”) Fund Income The Bank has an interest in several SBIC funds. The Bank’s obligations to these funds are satisfied in the form of capital calls that occur during the commitment period. Two-thirds of income distributions from these funds are shown as a reduction to the Bank’s principal investment. The remaining one-third is recognized as income until the investment principal has been recovered. All distributions in excess of initial investment are recognized as income. (n) Income Taxes Income taxes are accounted for using the balance sheet method in accordance with ASC 740, Accounting for Income Taxes. Per ASC 740, the objective is to recognize (a) the amount of taxes payable or refundable for the current year, and (b) defer tax liabilities and assets for the future tax consequences of events that have been recognized in the financial statements or federal income tax returns. A net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book (i.e., financial statement) and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. Temporary differences are reversed in the period in which an amount or amounts become taxable or deductible. When the Company’s federal tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely to be realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties, if any, associated with unrecognized tax benefits are classified as additional income taxes in the consolidated statements of income. (o) 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. 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 for the years ended December 31, 2020 and 2019. (p) The Bank has entered into commitments to extend credit in the ordinary course of business. Such financial instruments are recorded in the Company’s consolidated financial statements when funded. (q) Certain amounts have been reclassified from prior year financial statements to ensure consistent presentation with current year amounts. These reclassifications are for presentation purposes and have no impact on overall financial information. (r) Derivatives are recognized as assets and liabilities on the Company’s consolidated balance sheets and measured at fair value. The Company’s derivatives consist of forward sales of to-be-announced mortgage-backed securities and interest rate lock commitments. The Company’s hedging policies permit the use of various derivative financial instruments to manage interest rate risk or to hedge specified assets and liabilities. All derivatives are recorded at fair value on the consolidated balance sheets. The Company may be required to recognize certain contracts and commitments as derivatives when the characteristics of those contracts and commitments meet the definition of a derivative. If derivative instruments are designated as hedges of fair values, both the change in the fair value of the hedge and the hedged item are included in current earnings. During the normal course of business, the Company enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (“rate lock commitments”). For commitments issued in connection with potential loans intended for sale, the Bank enters into positions of forward month mortgage-backed securities (“MBS”) to be announced (“TBA”) contracts on a mandatory basis or on a one-to-one forward sales contract on a best efforts basis. The Company enters into TBA contracts in order to control interest rate risk during the period between the rate lock commitment and mandatory sale of the mortgage loan. Both the rate lock commitment and the TBA contract are considered derivatives. A mortgage loan sold on a best efforts basis is locked into a forward sales contract with a counterparty on the same day as the rate lock commitment to control interest rate risk during the period between the commitment and the sale of the mortgage loan. Both the rate lock commitment and the forward sales contract are considered derivatives. The market values of rate lock commitments and best efforts forward delivery commitments is not readily ascertainable with precision because rate lock commitments and best efforts contracts are not actively traded in stand-alone markets. The Company determines the fair value of rate lock commitments, delivery contracts, and forward sales contracts of MBS by measuring the change in the value of the underlying asset, while taking into consideration the probability that the rate lock commitments will close or will be funded. Certain risks arise from the forward delivery contracts in that the counterparties to the contracts may not be able to meet the terms of the contracts. Additional risks inherent in mandatory delivery programs include the risk that, if the Company does not close the loans subject to rate lock commitments, it will still be obligated to deliver MBS to the counterparty under the forward sales agreement. The Company enters into interest rate swap agreements (‘‘swap agreements’’) to facilitate the risk management strategies to accommodate the needs of its banking customers. The Company mitigates the interest rate risk entering into these swap 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). The Company has entered into various cash flow hedges as defined by ASC 815-20. The objective of these interest rate swaps was to hedge against 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 Federal Home Loan Bank. 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. These cash flow hedges are 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). (s) 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 formed a cross-functional working group to assess and implement the requirements of ASU 2016-13 by the adoption date. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments – Credit Losses. This ASU addresses issues raised by stakeholders during the implementation of ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Among other narrow-scope improvements, the new ASU clarifies guidance around how to report expected recoveries. “Expected recoveries” describes a situation in which an organization recognizes a full or partial write-off of the amortized cost basis of a financial asset, but then later determines that the amount written off, or a portion of that amount, will in fact be recovered. While applying the credit losses standard, stakeholders questioned whether expected recoveries were permitted on assets that had already shown credit deterioration at the time of purchase (also known as purchased credit-deteriorated (“PCD”) assets). In response to this question, the ASU permits organizations to record expected recoveries on PCD assets. In addition to other narrow technical improvements, the ASU also reinforces existing guidance that prohibits organizations from recording negative allowances for available-for-sale debt securities. The ASU includes effective dates and transition requirements that vary depending on whether or not an entity has already adopted ASU 2016-13. The Company is currently assessing the impact that ASU 2019-11 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 to general principles in ASC 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 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 of the FASB 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. The Company does not believe the adoption of ASU 2019-12 will have a significant effect on its consolidated financial statements.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2020
Business Combinations [Abstract]
Business Combinations	On December 15, 2019, the Company completed the acquisition of VCB and its subsidiary 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. A summary of the assets received and liabilities assumed and related adjustments is as follows: As Recorded by Virginia Community Bankshares, Inc. Adjustments As Recorded by Blue Ridge Bankshares, Inc. Assets Cash and due from banks $ 9,679 $ — $ 9,679 Investment securities available-for-sale 43,419 (470 ) (1 ) 42,949 Restricted equity securities 303 — 303 Loans 173,872 (876 ) (2 ) 172,996 Premises and equipment 6,436 3,296 (3 ) 9,732 Other real estate owned 87 (87 ) (4 ) — Accrued interest receivable 864 — 864 Core deposit intangible — 1,690 (5 ) 1,690 Other assets 8,069 550 (6 ) 8,619 Total assets acquired $ 242,729 $ 4,103 246,832 Liabilities Deposits 217,953 119 (7 ) 218,072 Other liabilities 1,297 — 1,297 Total liabilities assumed $ 219,250 $ 119 219,369 Net assets acquired 27,463 Total consideration paid 44,048 Goodwill $ 16,585 Explanation of adjustments: (1) Adjustment to reflect estimated fair value of securities (2) Adjustment to reflect estimated fair value of loans of $2,295, and elimination of VCB’s allowance for loan and lease losses of $1,419. (3) Adjustment to reflect estimated fair value of furniture, fixtures, and equipment. (4) Adjustment to reflect estimated fair value of 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. The change from December 31, 2019 to December 31, 2020 in goodwill from the VCB acquisition was due to an adjustment to the fair value of a loan after the end of 2019. A summary of the consideration paid is as follows: (Dollars in thousands) Common stock issued (1,312,919 shares) $ 27,402 Cash payments to common shareholders 16,646 Total consideration paid $ 44,048 Below are the methods used to determine the fair values of the significant assets acquired and liabilities assumed in the acquisition. Cash due from banks . The carrying amount of cash due from banks was used as a reasonable estimate of fair value. Investment securities available-for-sale. The estimated fair value of investment securities available-for-sale was based on proceeds received from sale of securities immediately after consummation of acquisition and quoted prices for those securities that remained in the portfolio. Restricted equity securities. The carrying amount of restricted equity securities was used as a reasonable estimate of fair value. These investments are carried at cost as no active trading market exists. Loans. The acquired loan portfolio was segregated into one of two categories for valuation purposes: PCI and performing loans. PCI loans were identified as those loans that were nonaccrual prior to the business combination and those loans that had been identified as potentially impaired. Potentially impaired loans were those loans that were identified during the credit review process where there was an indication that the borrower did not have sufficient cash flows to service the loan in accordance with its terms. Performing loans were those loans that were currently performing in accordance with the loan contract and do not appear to have any significant credit issues. For loans that were identified as performing, the fair values were determined using a discounted cash flow analysis (the "income approach"). Performing loans were segmented into pools based on loan type (commercial real estate, commercial and industrial, commercial construction, consumer residential, and consumer nonresidential), and further segmented based on payment structure (fully amortizing, non-fully amortizing balloon, or interest only), rate type (fixed versus variable), and remaining maturity. The estimated cash flows expected to be collected for each loan was determined using a valuation model that included the following key assumptions: prepayment speeds, expected credit loss rates, and discount rates. Prepayment speeds were influenced by many factors including, but not limited to, current yields, historic rate trends, payment types, interest rate type, and the duration of the individual loan. Expected credit loss rates were based on recent and historical default and loss rates observed for loans with similar characteristics, and further influenced by a credit review by management and a third-party consultant on a selection of loans within the acquired portfolio. The discount rates used were based on rates market participants may charge for cash flows with similar risk characteristics at the acquisition date. These assumptions were developed based on management discussions and third-party professional experience. For loans that were identified as PCI, either the above income approach was used or the asset approach was used. The income approach was used for PCI loans where there was an expectation that the borrower would more likely than not continue to pay based on the current terms of the loan contract. Management used the asset approach for all non-accrual loans to reflect market participant assumptions. Under the asset approach, the fair value of each loan was determined based on the estimated fair values of the underlying collateral, less costs to sell. The methods used to estimate the Level 3 fair values of loans are extremely sensitive to the assumptions and estimates used. While management attempted to use assumptions and estimates that best reflected the acquired loan portfolios and current market conditions, a greater degree of subjectivity is inherent in these values than in those determined in active markets. The difference between the fair value and the expected cash flows from acquired loans is accreted to interest income over the remaining term of the loans in accordance with ASC Topic 310-30, Loans and Debt Securities Acquired with Deteriorated Credit Quality. Premises and equipment. The land and buildings acquired were recorded at fair value as determined by current appraisals and tax assessments at acquisition date. Other real estate owned. OREO was recorded at fair value based on an existing purchase contract. Core deposit intangible. Core deposit intangibles ("CDI") are measures of the value of non-interest bearing checking, savings, interest-bearing checking, and money market deposits that are acquired in a business combination, excluding certificates of deposit with balances over $250,000 and high yielding interest-bearing deposit accounts, which the Company determines customer related intangible assets as non-existent. The fair value of the CDI stemming from any business combination is based on the present value of the expected cost savings attributable to the core deposit funding relative to an alternative funding source. The CDI is being amortized over an estimated useful life of 10 years to approximate the existing deposit relationships acquired. Deposits. The fair values of deposit liabilities with no stated maturity (non-interest bearing checking, savings, interest-bearing checking, and money market deposits) are equal to the carrying amounts payable on demand. The fair values of the certificates of deposit represent contractual cash flows, discounted to present value using interest rates currently offered by market participants on deposits with similar characteristics and remaining maturities. The fair value estimates are subject to change for up to one year after the closing date of the transaction if additional information relative to closing date fair values becomes available.

Investment Securities and Other

Investment Securities and Other Investments	12 Months Ended
	Dec. 31, 2020
Schedule Of Investments [Abstract]
Investment Securities and Other Investments	Note 4. Investment Securities and Other Investments 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 December 31, 2020 and December 31, 2019 were as follows: December 31, 2020 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale State and municipal $ 14,069 $ 258 $ 68 $ 14,259 U.S. Treasury and agencies 2,500 — 91 2,409 Mortgage backed securities 72,337 696 398 72,635 Corporate bonds 19,755 469 52 20,172 Total investment securities $ 108,661 $ 1,423 $ 609 $ 109,475 December 31, 2019 (Dollars 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 Company had no securities pledged with the Federal Reserve Bank of Richmond (“FRB”) for the years ended December 31, 2020 and 2019, respectively. At December 31, 2020 and 2019, securities with a market value of $12.5 million and $12.0 million, respectively, were pledged to secure public deposits with the Treasury Board of the Commonwealth of Virginia. At December 31, 2020 and 2019, securities with a market value of $29.4 million and $55.7 million, respectively, were pledged to secure the Bank’s line of credit with the Federal Home Loan Bank of Atlanta (“FHLB”). The following table shows fair value and gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2020 and 2019. The reference point for determining when securities are in an unrealized loss position is period-end; therefore, it is possible that a security's market value exceeded its amortized cost on other days during the past twelve-month period. December 31, 2020 Less than 12 Months 12 Months or Greater Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and municipal $ 3,111 $ (68 ) $ — $ — $ 3,111 $ (68 ) U.S. Treasury and agencies 2,410 (91 ) — — 2,410 (91 ) Mortgage backed securities 20,545 (65 ) 8,592 (333 ) 29,137 (398 ) Corporate bonds 3,242 (7 ) 1,955 (45 ) 5,197 (52 ) Total $ 29,308 $ (231 ) $ 10,547 $ (378 ) $ 39,855 $ (609 ) December 31, 2019 Less than 12 Months 12 Months or Greater Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and municipal $ 333 $ (2 ) $ — $ — $ 333 $ (2 ) U.S. Treasury and agencies — — 1,949 (51 ) 1,949 (51 ) Mortgage backed securities 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 ) The amortized cost and fair value of securities at December 31, 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. December 31, 2020 Securities Available for Sale (Dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 3,427 $ 930 Due after one year through five years 6,305 6,963 Due after five years through ten years 32,003 34,057 Due after ten years 66,926 67,525 Total $ 108,661 $ 109,475 Proceeds from sales, calls, and maturities of available-for-sale securities during 2020 and 2019 were $53.6 million and $44.4 million, resulting in a gain of $211 thousand and $451 thousand, respectively. Held-to-maturity securities with book values of $1.2 million and $3.3 million, were either called or matured during 2020 and 2019, respectively, resulting in no Restricted equity investments consisted of stock in the FHLB (carrying basis $5.8 million and $6.0 million at December 31, 2020 and 2019, respectively), FRB stock (carrying basis of $2.2 million and $963 thousand at December 31, 2020 and 2019, respectively), the Company’s correspondent bank’s stock (carrying basis of $248 thousand at December 31, 2020 and 2019, respectively), and various other investments (carrying basis $3.0 million and $911 thousand at December 31, 2020 and 2019, respectively) for total restricted investments of $11.2 million and $8.1 million at December 31, 2020 and 2019, respectively. Management evaluates securities for other-than-temporary impairment on a quarterly basis, and more frequently when economic or market concerns warrant such evaluation. Consideration is given to (1) the length of time and the extent to which the fair value has been less than cost, (2) the financial condition and near-term prospects of the issuer, and (3) the intent and ability of the Company to retain its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair value. In analyzing an issuer’s financial condition, management considers whether the securities are issued by the federal government or its agencies, whether downgrades by bond rating agencies have occurred, and the results of reviews of the issuer’s financial condition. No declines were deemed to be other-than-temporary as of December 31, 2020.

Loans and Allowance for Loan Lo

Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2020
Receivables [Abstract]
Loans and Allowance for Loan Losses	Note 5. Loans and Allowance for Loan Losses Loans held for investment at December 31, 2020 and December 31, 2019 were as follows: (Dollars in thousands) December 31, 2020 December 31, 2019 Commercial and industrial $ 93,286 $ 77,728 Paycheck Protection Program 292,068 — Real estate – construction, commercial 54,702 38,039 Real estate – construction, residential 18,040 26,778 Real estate – mortgage, commercial 273,499 251,824 Real estate – mortgage, residential 213,404 208,494 Real estate – mortgage, farmland 3,615 5,507 Consumer loans 46,684 39,202 Gross loans 995,298 647,572 Less: Unearned income and deferred costs (4,271 ) (738 ) Total $ 991,027 $ 646,834 Beginning in April 2020, the Company has participated in the Paycheck Protection Program (“PPP”) under the CARES Act. Through the PPP, which is administered by the Small Business Administration (SBA), the federal government partnered with banks, including the Bank, to provide over $650 billion to small businesses to support payrolls and other operating expenses. PPP loans have a two-year term if originated prior to June 5, 2020 or a five-year term if originated on or subsequent to June 5, 2020 and earn an annual interest rate of 1%. Banks originating PPP loans earned a processing fee of 1%, 3%, or 5% of the loan amount, depending on the size of the loan. The Company originated approximately $363.4 million in PPP loans throughout 2020 and approximately $71.3 million were forgiven or paid back by the borrower before year end. The Company believes the majority of these loans will be forgiven, in accordance with the terms of the program, and will be paid in full pursuant to the U.S. government guarantee. As of December 31, 2020, the Company’s PPP loan balances were $292.1 million, and the Company had received $11.5 million of processing fees, net of agent fees, and the Company recorded $2.4 million of interest income from PPP loans for originating approximately 2,400 loans. The Company is accounting for the PPP processing fees in accordance with ASC 310-20, Receivable-Nonrefundable Fees and Other Costs, which requires fees, net of costs, to be deferred and amortized as a component of loan yield over the contractual life of the loans; however, a shorter period is allowed if prepayments are probable and the timing and amount of prepayments can be reasonably estimated. The Company has recognized PPP fees, net, over a period that is less than the contractual period of the loans, as it believes the PPP loans will be forgiven by the end of second quarter of 2021. Of the $11.5 million of processing fees received in 2020, approximately $7.9 million has been recognized as interest income in 2020. From the onset of the global COVID-19 pandemic, the Company has proactively addressed the needs of its commercial and individual borrowers by modifying loans allowing for the short-term deferral of principal payments or of principal and interest payments. Pursuant to the CARES Act, banks have the option to temporarily suspend certain requirements of GAAP related to TDR for a limited period of time if certain conditions are met. All loan modifications made by the Company were made on a good faith basis to borrowers who met the requirements for modifications under the CARES Act. As a result of regulatory and accounting guidance regarding such modifications, the loans are not designated as TDRs, as of December 31, 2020. In response to COVID-19 during 2020, the Company approved over 550 loan deferrals for a total of $110.6 million. A majority of these loans were back on normal payment schedules at December 31, 2020 with the exception of 8 loans totaling $6.3 million. The Company is closely monitoring the past due loan portfolio, and proactively staying in touch with borrowers, especially as it relates to certain high-risk industries impacted by COVID-19 as outlined below. (Dollars in thousands) Number of Borrowers 12/31/2020 Industry by NAICS Code Hotels and motels 15 $ 34,617 Bed and breakfasts 5 2,739 All other traveler accommodations 5 4,392 Full-service restaurants 15 4,202 Limited-service restaurants 12 4,737 Religious organizations 36 7,080 88 $ 57,767 The Company has pledged loans held for investment as collateral for borrowings with the FHLB totaling $213.3 million and $146.1 million as of December 31, 2020 and December 31, 2019, respectively. Additionally, PPP loans in the amount of $281.6 million were pledged as collateral for the FRB Paycheck Protection Program Liquidity Facility (the “PPPLF”) at December 31, 2020. During 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 310-30 or ASC 310-20. The outstanding principal balance and related carrying amount of these acquired loans included in the consolidated balance sheets as of December 31, 2020 and 2019 was as follows: (Dollars in thousands) December 31, 2020 December 31, 2019 PCI loans evaluated individually for future credit losses Outstanding principal balance $ 1,278 $ 1,504 Carrying amount 1,085 1,315 Other acquired VCB loans Outstanding principal balance 97,301 172,279 Carrying amount 96,317 170,151 Total acquired VCB loans Outstanding principal balance 98,579 173,783 Carrying amount 97,402 171,466 The following table presents changes for the year ended December 31, 2020 and 2019, respectively, in the accretable yield on the VCB PCI loans for which the Company applies ASC 310-30: (Dollars in thousands) December 31, 2020 December 31, 2019 Balance, beginning of period $ 188 $ — Accretable yield at acquisition date — 190 Additions (22 ) — Accretion (56 ) (3 ) Other changes, net 84 1 Balance, end of period $ 194 $ 188 Loans acquired in the 2016 River Bancorp, Inc. business combination had remaining balances of $12.6 million and $19.7 million as of December 31, 2020 and December 31, 2019, respectively. Acquired loans through acquisitions are recorded at estimated fair value on their purchase date with no carryover of the related allowance for loan losses. In estimating the fair value of loans acquired, certain factors were considered, including the remaining lives of the acquired loans, payment history, estimated prepayments, estimated loss ratios, estimated value of the underlying collateral, and the net present value of cash flows expected. Accretable and nonaccretable discounts were immaterial. (Dollars in thousands) December 31, 2020 December 31, 2019 Commercial and industrial $ 549 $ 1,272 Real estate - construction, commercial — 1,397 Real estate - mortgage, commercial 4,545 6,844 Real estate - mortgage, residential 7,453 10,075 Consumer loans 58 99 $ 12,605 $ 19,687 The following table presents the aging of the recorded investment of loans as of December 31, 2020 and December 31, 2019: December 31, 2020 (Dollars 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 $ 1,117 $ — $ — $ 1,310 $ 2,427 $ 90,859 $ 93,286 Paycheck Protection Program — — — — — 292,068 292,068 Real estate – construction, commercial — — — — — 54,702 54,702 Real estate – construction, residential 262 — — — 262 17,778 18,040 Real estate – mortgage, commercial 995 211 — 3,643 4,849 268,650 273,499 Real estate – mortgage, residential 1,062 — 46 916 2,024 211,380 213,404 Real estate - mortgage, farmland — — — — — 3,615 3,615 Consumer loans 935 334 — 714 1,983 44,701 46,684 Less: Unearned income and deferred costs — — — — (4,271 ) (4,271 ) $ 4,371 $ 545 $ 46 $ 6,583 $ 11,545 $ 979,482 $ 991,027 December 31, 2019 (Dollars 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 loans 894 408 — 776 2,078 37,124 39,202 Less: Unearned income and deferred costs — — — — — (738 ) (738 ) $ 7,120 $ 625 $ 369 $ 4,790 $ 12,904 $ 633,930 $ 646,834 A summary of changes in the allowance for loans losses for the years ended December 31, 2020 and December 31, 2019 is as follows: (Dollars in thousands) December 31, 2020 December 31, 2019 Allowance, beginning of period $ 4,572 $ 3,580 Charge-Offs Commercial and industrial $ (6 ) $ (43 ) Real estate, mortgage (505 ) (4 ) Consumer loans (994 ) (914 ) Total charge-offs (1,505 ) (961 ) Recoveries Commercial and industrial 41 — Real estate, mortgage 8 6 Consumer loans 261 205 Total recoveries 310 211 Net charge-offs (1,195 ) (750 ) Provision for loan losses 10,450 1,742 Allowance, end of period $ 13,827 $ 4,572 PPP loans are fully guaranteed by the U.S. government; therefore, the Company recorded no allowance for loan losses for these loans as of December 31, 2020. In future periods, the Company may be required to establish an allowance for loan losses for these loans, if, for example, the U.S. government were to eliminate or reduce the guarantee on individual or groups of PPP loans, which would result in a provision for loan losses charged to earnings. The following tables summarize the primary segments of the allowance of loan losses (“ALL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of December 31, 2020 and 2019: December 31, 2020 (Dollars in thousands) Commercial and Industrial Real Estate - Construction Commercial Real Estate - Construction Residential Real Estate - Mortgage, Commercial Real Estate - Mortgage, Residential Real Estate - Mortgage, Farmland Consumer Loans Total ALL Balance - December 31, 2019 $ 841 $ 220 $ 60 1,604 $ 510 $ 9 $ 1,328 $ 4,572 Charge-offs (6 ) — — (505 ) — — (994 ) (1,505 ) Recoveries 41 — — — 8 — 261 310 Provision for loan losses 2,886 740 90 3,116 963 9 2,646 10,450 ALL Balance - December 31, 2020 $ 3,762 $ 960 $ 150 $ 4,215 $ 1,481 $ 18 $ 3,241 $ 13,827 Individually evaluated for impairment 144 — — — — — — 144 Collectively evaluated for impairment $ 3,618 $ 960 $ 150 $ 4,215 $ 1,481 $ 18 $ 3,241 $ 13,683 December 31, 2019 (Dollars in thousands) Commercial and Industrial Real Estate- Construction Commercial Real Estate- Construction Residential Real Estate- Mortgage Commercial Real Estate- Mortgage Residential Real Estate – Mortgage, Farmland Consumer Loans Total ALL Balance - December 31, 2018 $ 572 $ 112 $ 56 1,180 $ 434 $ 13 $ 1,213 $ 3,580 Charge-offs (43 ) — — (3 ) (1 ) — (914 ) (961 ) Recoveries — — — — 6 — 205 211 Provision for loan losses 312 108 4 427 71 (4 ) 824 1,742 ALL Balance - December 31, 2019 $ 841 $ 220 $ 60 $ 1,604 $ 510 $ 9 $ 1,328 $ 4,572 Individually evaluated for impairment 143 — — 98 — — — 241 Collectively evaluated for impairment $ 698 $ 220 $ 60 $ 1,506 $ 510 $ 9 $ 1,328 $ 4,331 A summary of the loan portfolio individually and collectively evaluated for impairment at December 31, 2020 and December 31, 2019 is as follows: (Dollars in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Total December 31, 2020 Commercial and industrial $ 234 $ 93,052 $ 93,286 Real estate – construction, commercial — 54,702 54,702 Real estate – construction, residential — 18,040 18,040 Real estate – mortgage, commercial 1,645 271,854 273,499 Real estate – mortgage, residential 452 212,952 213,404 Real estate - mortgage, farmland — 3,615 3,615 Consumer loans — 46,684 46,684 Gross loans 2,331 700,899 703,230 Less: Unearned income and deferred costs — (4,271 ) (4,271 ) Total $ 2,331 $ 696,628 $ 698,959 The table above excludes gross PPP loans of $292.1 million, which are fully guaranteed by the U.S. government and therefore have no recorded allowance for loan losses as of December 31, 2020. (Dollars 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 loans — 39,202 39,202 Gross loans 1,408 646,164 647,572 Less: Unearned income and deferred costs — (738 ) (738 ) Total $ 1,408 $ 645,426 $ 646,834 The following table presents information related to impaired loans, by segment, at the dates presented: December 31, 2020 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no specific allowance recorded: Real estate – mortgage, commercial $ 1,645 $ 2,030 $ — $ 2,091 $ 4 Real estate – mortgage, residential 452 571 — 538 2 With an allowance recorded: Commercial and industrial 234 234 144 362 — $ 2,331 $ 2,835 $ 144 $ 2,991 $ 6 December 31, 2019 (Dollars 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 Impaired loans also include certain loans that have been modified in TDRs where economic concessions have been granted to borrowers who have experienced or are expected to experience financial difficulties. These concessions typically result from the Company’s loss mitigation activities and could include reductions in the interest rate, payment extensions, forgiveness of principal, forbearance or other actions. Certain TDRs are classified as non-performing at the time of restructure and may only be returned to performing status after considering the borrower’s sustained repayment performance for a reasonable period, generally six months. The Company had two TDRs in the amount of $142 thousand and $144 thousand at December 31, 2020 and 2019, respectively. One loan was classified as a TDR due to a change in interest rate and payment terms and the other loan was classified as a TDR due to a change in payment terms. The following table shows the Company’s loan portfolio by internal loan grade as of December 31, 2020 and December 31, 2019: December 31, 2020 (Dollars in thousands) 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 $ 844 $ 484 $ 23,828 $ 55,539 $ 7,251 $ 4 $ 5,336 $ 93,286 Paycheck Protection Program 292,068 — — — — — — 292,068 Real estate – construction, commercial — 2,143 19,524 26,324 5,916 218 577 54,702 Real estate – construction, residential — — 3,073 8,247 6,458 — 262 18,040 Real estate – mortgage, commercial — 3,994 128,163 114,977 15,799 2,968 7,598 273,499 Real estate – mortgage residential — 3,583 101,078 100,601 5,750 158 2,234 213,404 Real estate – mortgage, farmland 444 — 1,175 1,996 — — — 3,615 Consumer loans 324 36 17,062 28,033 521 1 707 46,684 Gross loans $ 293,680 $ 10,240 $ 293,903 $ 335,717 $ 41,695 $ 3,349 $ 16,714 $ 995,298 Less: Unearned income and deferred costs (4,271 ) Total $ 991,027 December 31, 2019 (Dollars in thousands) 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 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 and deferred costs (738 ) Total $ 646,834 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: 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 are present. Risk Grade 2 – Desirable: 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). Risk Grade 3 – Good: 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 the 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: 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 the Bank's underwriting requirements, with limited exceptions to policy, product, or underwriting guidelines. All exceptions noted have documented mitigating factors that offset any additional risk associated with the exceptions noted, (2) documented historical cash flow that meets or exceeds required minimum guidelines, or that can be supplemented with verifiable cash flow from other sources, and (3) adequate secondary sources to liquidate the debt, including combinations of liquidity, liquidation of collateral, or liquidation value to the net worth of the borrower or guarantor. Risk Grade 5 – Pass/Watch: 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 the 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 that have potential weaknesses that deserve management's close attention. If left uncorrected, these potential weaknesses may result in deterioration of the repayment prospects for the 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 nonaccrual 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 charging off the worthless loan, even though partial recovery may be effected in the future. Probable loss portions of doubtful assets should be charged against the allowance 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. There were no loans classified as doubtful or loss at December 31, 2020 and December 31, 2019.

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2020
Property Plant And Equipment [Abstract]
Premises and Equipment	Note 6. Premises and Equipment Premises and equipment are summarized as follows: December 31, (Dollars in thousands) 2020 2019 Buildings and land $ 13,925 $ 12,535 Construction in progress — 443 Furniture, fixtures and equipment 3,945 3,411 Software 325 354 Total cost 18,195 16,743 Less: accumulated depreciation (3,364 ) (3,092 ) Premises and equipment, net $ 14,831 $ 13,651 Depreciation expense for 2020 and 2019 was $951 thousand and $539 thousand, respectively.

Goodwill and Intangibles

Goodwill and Intangibles	12 Months Ended
	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Intangibles	Note 7. Goodwill and Intangibles The balance in goodwill is the result of a branch acquisition in 2011, the acquisition of River Bancorp, Inc. in 2016, the acquisition of a mortgage line of business in 2018, the 35% acquisition of Hammond Insurance Agency, Incorporated in 2019, and the acquisition of VCB in 2019. The purpose of these acquisitions was to expand the Company’s 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. The Company does not amortize goodwill, but instead evaluates it periodically for impairment. In the event the asset suffers a decline in value based on criteria established in governing accounting standards, an impairment will be recorded. Information concerning goodwill by acquisition is as follows: December 31, (Dollars in thousands) 2020 2019 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 The change from December 31, 2019 to December 31, 2020 in goodwill from the VCB acquisition was due to an adjustment to the fair value of a loan after the end of 2019. Information concerning amortizable intangible assets is as follows: December 31, 2020 Gross Carrying Value Accumulated Amortization Net Carrying Value Core deposit intangibles $ 2,776 $ 1,366 $ 1,410 Other amortizable intangibles 2,528 1,016 1,512 December 31, 2019 Core deposit intangibles $ 2,776 $ 875 $ 1,901 Other amortizable intangibles 2,339 522 1,817 Intangible amortization expense is included in non-interest expense or interest and fees on loans depending on the intangible. For the years ended December 31, 2020 and 2019, intangible amortization expense totaled $984 thousand and $474 thousand, respectively. Estimated amortization expense for the next five years and thereafter as of December 31, 2020 is as follows: (Dollars in thousands) 2021 $ 759 2022 593 2023 394 2024 342 2025 293 Thereafter 541 Total $ 2,922 Effective second quarter 2020, the Company began retaining servicing rights on mortgages originated and sold by its mortgage division to the secondary market. As of December 31, 2020, the Company was servicing approximately $846.5 million of sold loans. The Company records MSR assets initially at fair value and subsequently accounts for them under the amortization method and performs an impairment assessment each reporting period. Management determined no impairment existed on MSR assets as of December 31, 2020. For the year ended December 31, 2020, income of $7.1 million was recorded in the Company’s consolidated statements of income. As of December 31, 2020, the carrying value of MSR assets reported in the Company’s consolidated balance sheets totaled $7.1 million ($7.3 million fair value).

Deposits

Deposits	12 Months Ended
	Dec. 31, 2020
Deposits [Abstract]
Deposits	Note 8. Deposits The aggregate amounts of certificates of deposit, with a minimum denomination of $250,000, were $95.7 million and $82.8 million at December 31, 2020 and 2019, respectively. Time deposits include brokered deposits purchased through the Certificate of Deposit Account Registry Service (“CDARS”). The balance of these time deposits was $2.2 million at December 31, 2020 and 2019. The decision to utilize this funding depends on the Bank’s liquidity needs and the pricing of CDARS deposits compared to other potential funding sources. At December 31, 2020, the scheduled maturities of time deposits for the next five years and thereafter were as follows: (Dollars in thousands) 2021 $ 117,792 2022 57,642 2023 28,532 2024 40,541 2025 5,671 2026 and beyond 1,265 Total $ 251,443 Brokered deposits totaled $31.7 million and $30.6 million at December 31, 2020 and 2019, respectively. Additionally, deposits obtained through the certificate of deposit listing service totaled $14.8 million and $19.2 million at December 31, 2020 and 2019, respectively.

Borrowings

Borrowings	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Borrowings	Note 9. Borrowings FHLB Borrowings The Bank has a line of credit from the FHLB secured by the Bank’s real estate loans and certain pledged securities. The FHLB will lend up to 30% of the Bank’s total assets as of the prior quarter end, subject to certain eligibility requirements, including adequate collateral. The available line of credit totaled $177.1 million at December 31, 2020. The Bank had borrowings from the FHLB that totaled $115.0 million and $124.8 million at December 31, 2020 and 2019, respectively. The interest rate on the borrowings ranged from 0.22% to 0.25% depending on structure and maturity. The borrowings also required the Bank to own $5.8 million of FHLB stock, at December 31, 2020, which is included in restricted investments on the consolidated balance sheets. The principal on FHLB borrowings matures as follows: (Dollars in thousands) Maturities 2021 $ 115,000 At December 31, 2020, 1-4 family residential loans held for investment with a lendable value of $49.9 million, multi-family residential loans with a lendable value of $10.0 million, commercial real estate loans with a lendable value of $65.7 million, 1-4 family residential loans held for sale with a lendable value of $23.2 million and securities with a lendable value of $28.3 million were pledged against the available line of credit with the FHLB. The Bank also has a letter of credit with the FHLB in the amount of $20.0 million for the purpose of collateral for public deposits with the Treasury Board of the Commonwealth of Virginia. FRB Borrowings In the second quarter of 2020, the Company began participating in the PPPLF, which allows banks to pledge PPP loans as collateral in exchange for advances. The PPPLF advances are at 100% of the PPP loan value and term, have a fixed annual cost of 35 basis points, and receive favorable regulatory capital treatment. As of December 31, 2020, these FRB borrowings were comprised of 23 PPPLF advances, totaling $281.6 million with maturities ranging from 1.2 years to 4.5 years. Other Borrowings The Company has unsecured lines of credit with correspondent banks totaling $38.0 million at December 31, 2020 and $24.0 million at December 31, 2019, available for overnight borrowing. These lines bear interest at the prevailing rates for such loans and are cancellable any time by the correspondent bank. At December 31, 2020 and 2019, none of these lines of credit with correspondent banks were drawn upon. Subordinated Notes 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 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 institutional accredited investors. The 2015 Notes have a maturity date of December 1, 2025. 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. The 2015 Notes are not convertible into common stock or preferred stock and are not callable by the holders. 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. If an event of default occurs, such as the bankruptcy of the Company, the holder of a 2015 Note may declare the principal amount of the note to be due and immediately payable. The 2015 Notes are unsecured, subordinated obligations of the Company, rank junior in right of payment to the Company’s existing and future senior indebtedness, and rank pari passu with the 2020 Note. The 2015 Notes qualify as Tier 2 capital for regulatory reporting; though, Tier 2 capital treatment is reduced by 20% in each year subsequent to the first date of the redemption right. The aggregate carrying value of the 2015 Notes, including capitalized, unamortized debt issuance costs, was $9.8 million at both December 31, 2020 and 2019. For the twelve months ending December 31, 2020, the effective interest rate on the 2015 Notes was 6.86%. For the year ended December 31, 2019, the effective interest rate on the 2015 Notes was 6.89%.

Derivative Financial Instrument

Derivative Financial Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Derivative Financial Instruments and Hedging Activities	Note 10. Derivative Financial Instruments and Hedging Activities The Company enters into interest rate swap agreements (‘‘swap agreements’’) to facilitate the risk management strategies needed in order to accommodate the needs of its banking customers. The Company mitigates the interest rate risk entering into these swap 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 December 31, 2020 and 2019. December 31, 2020 Notional Amount Fair Value (Dollars in thousands) Interest rate swap agreement Receive fixed/pay variable swaps $ 2,100 $ 339 Pay fixed/receive variable swaps 2,100 (339 ) December 31, 2019 Notional Amount Fair Value (Dollars in thousands) Interest rate swap agreement Receive fixed/pay variable swaps $ 2,145 $ 185 Pay fixed/receive variable swaps 2,145 (185 ) The Company entered into various cash flow hedges as defined by ASC 815-20 during 2020 and 2019. The objective of this interest rate swap was to hedge against 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 layer has a variable receive leg of three-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 three-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 has the intent and ability to fund the three-month rate advances during the term of these cash flow hedges. The Company had cash collateral with the counterparties of $6.0 million and $880 thousand within other assets on the consolidated balance sheet at December 31, 2020 and 2019, respectively. 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 after 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. At December 31, 2020, the Bank had entered into $97.1 million of rate lock commitments with borrowers, net of expected fallout, and $154.3 million of closed loans inventory waiting for sale, which were hedged by $225 million in forward to-be-announced mortgage-backed securities sales. A mortgage derivative asset of $5.3 million and $591 thousand are included on the consolidated balance sheets at December 31, 2020 and 2019, respectively, and a mortgage derivative liability of $1.6 million and $2 thousand are included on the consolidated balance sheets at December 31, 2020 and 2019, respectively.

Employee Benefit Plans

Employee Benefit Plans	12 Months Ended
	Dec. 31, 2020
Compensation And Retirement Disclosure [Abstract]
Employee Benefit Plans	Note 11. Employee Benefit Plans 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 percent of an employee’s contribution up to 5% of his or her deferral following one year of continuous service. Employees are 100% vested in the safe harbor match. The Company’s board of directors may make additional contributions at its discretion, which are on a six-year vesting schedule. For the years ended December 31, 2020 and 2019, total expenses attributable to this plan were $1.2 million and $700 thousand, respectively. The Company has an Employee Stock Ownership Plan (“ESOP”) that covers eligible employees. Benefits in the plan 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 common stock at December 31, 2020 and December 31, 2019, respectively. All shares issued to and held by the ESOP are considered outstanding in the computation of EPS. The ESOP or the Company is required to purchase shares from separated employees at the market price of the Company’s stock.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	Note 12. Stock-Based Compensation The Company has granted restricted stock awards to employees and directors under the Company’s 2017 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 of the award 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 estimated forfeitures, was $567 thousand and $230 thousand for the years ended December 31, 2020 and 2019, respectively. At December 31, 2020, the Company had 127,286 restricted stock awards outstanding of which 28,219 shares were fully vested and 99,067 shares were unvested. The amount of unrecognized expense related to the future vesting of awards at December 31, 2020 was $1.8 million.

Fair Value

Fair Value	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Fair Value	Note 13. 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. Accounting guidance for fair value excludes certain financial instruments and all nonfinancial instruments from its disclosure requirements. Accordingly, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company. 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. Derivative financial instruments Derivative instruments used to hedge residential mortgage loans held for sale and the related interest rate lock commitments include forward commitments to sell mortgage loans and are reported at fair value utilizing Level 2 inputs. The fair values of derivative financial instruments are based on derivative market data inputs as of the valuation date and the underlying value of mortgage loans for rate lock commitments. Cash flow hedges (“interest rate swaps”) are used to hedge against the risk of variability in cash flows attributable to changes in the 3-month LIBOR benchmark rate component of forecasted 3-month fixed rate funding advances from the FHLB. These cash flow hedges are recorded at fair value utilizing Level 2 inputs. The following tables present the balances of financial assets measured at fair value on a recurring basis: December 31, 2020 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale State and municipals $ 14,259 $ — $ 14,259 $ — U.S. Treasury and agencies 2,409 — 2,409 — Mortgage backed securities 72,635 — 72,635 — Corporate bonds 20,172 — 20,172 — Total investment securities available for sale $ 109,475 $ — $ 109,475 $ — Mortgage derivative asset $ 5,293 $ — $ 5,293 $ — Mortgage derivative liability $ 1,569 $ — $ 1,569 $ — Interest rate swap asset $ 1,716 $ — $ 1,716 $ — Interest rate swap liability $ 2,735 $ — $ 2,735 $ — December 31, 2019 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale U.S. Treasury and agencies $ 2,449 $ — $ 2,449 $ — Mortgage backed securities 95,485 — 95,485 — Corporate bonds 10,637 — 10,637 — Total investment securities available for sale $ 108,571 $ — $ 108,571 $ — Mortgage derivative asset $ 591 $ — $ 591 $ — Mortgage derivative liability $ 2 $ — $ 2 $ — Interest rate swap asset $ 185 $ — $ 185 $ — Interest rate swap liability $ 430 $ — $ 430 $ — Certain financial assets are measured at fair value on a nonrecurring basis in accordance with 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. Mortgage Servicing Rights The Company began retaining servicing rights on mortgages originated and sold by its mortgage division to the secondary market beginning in second quarter 2020. The Company records MSR assets initially at fair value and subsequently accounts for them under the amortization method and performs an impairment assessment each reporting period. The amortization method requires that the MSR assets be recorded at the lower of cost or fair value. As of December 31, 2020, the amortized cost of MSR assets totaled $7.1 million compared to a fair value of $7.3 million. The following table presents the change in MSR assets for the year ended December 31, 2020: (Dollars in thousands) MSRs Balance, December 31, 2019 $ — Additions 7,539 Write-offs (61 ) Amortization (391 ) Impairments (3 ) Fair value adjustments 207 Balance, December 31, 2020 - Fair value $ 7,291 Balance, December 31, 2020 - Amortized cost $ 7,084 A third-party model is used to determine the fair value of the Company’s MSR assets. The model establishes pools of performing loans, calculates projected future cash flows for each pool, and applies a discount rate to each pool. As of December 31, 2020, the Company was servicing approximately $846.5 million loans. Loans are segregated into homogenous pools based on loan term, interest rates, and other similar characteristics. Cash flows are then estimated based on net servicing fee income and utilizing assumed servicing costs and prepayment speeds. The weighted average net servicing fee income of the portfolio was 27.3 basis points as of December 31, 2020. Estimated base annual servicing costs were $75.00 to $90.00 per loan depending on the guarantor. Prepayment speeds in the model are based on empirically derived data for mortgage pool factors and differences between a mortgage pool’s weighted average coupon and its current mortgage rate. The weighted average prepayment speed assumption used in the fair value model was 15.81% as of December 31, 2020. A base discount rate of 10.00% to 13.00% (10.18% weighted average discount rate) was then applied to each pool’s projected future cash flows as of December 31, 2020. The discount rate is intended to represent the estimated market yield for the highest quality grade of comparable servicing. MSR assets are classified as Level 3. Impaired Loans Loans are designated as impaired when, in the judgment of management based on current information and events, it is probable that all amounts due will not be collected according to the contractual terms of the loan agreement. The measurement of loss associated with impaired loans can be based on either the discounted cash flows of the loan or the fair value of the collateral, if any, less estimated costs to sell, if the loan is collateral-dependent. Collateral may be in the form of real estate or business assets including equipment, inventory, and accounts receivable. Any given loan may have multiple types of collateral; however, the majority of the Company’s loan collateral is real estate. The value of real estate collateral is generally determined utilizing a market valuation approach based on an appraisal conducted by an independent, licensed appraiser outside of the Company using observable market data (Level 2). However, if the collateral value is significantly adjusted due to differences in the comparable properties or is discounted by the Company because of lack of marketability, then the fair value is considered Level 3. The value of business equipment is based upon an outside appraisal if deemed significant or the net book value on the applicable business’s financial statements if not considered significant. Likewise, values for inventory and accounts receivables collateral are based on financial statement balances or aging reports (Level 3). Fair value adjustments are recorded in the period incurred as provision for loan losses on the consolidated statements of income . 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 (i.e., loans held for sale). 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 residential mortgage banking income, net on the consolidated statements of income (Level 2). The following tables summarize assets that were measured at fair value on a nonrecurring basis as of the dates stated: December 31, 2020 (Dollars in thousands) Total Level 1 Level 2 Level 3 Impaired loans, net $ 2,187 $ — $ — $ 2,187 Loans held for sale 178,598 — 178,598 — December 31, 2019 (Dollars in thousands) Total Level 1 Level 2 Level 3 Impaired loans, net $ 1,167 $ — $ — $ 1,167 Loans held for sale 55,646 — 55,646 — The following tables present quantitative information about Level 3 fair value measurements as of the dates stated: (Dollars in thousands) Balance as of December 31, 2020 Valuation Technique Unobservable Input Weighted Average Impaired loans, net $ 2,097 Discounted appraised value Selling costs 10 % 90 Discounted cash flows Discount rate 6 % (Dollars in thousands) Balance as of December 31, 2019 Valuation Technique Unobservable Input Weighted Average Impaired loans, net $ 1,167 Discounted appraised value Selling costs 10 % Fair value information about financial instruments, whether or not recognized in the balance sheet, for which it is practical to estimate the value is based upon the characteristics of the instruments and relevant market information. Financial instruments include cash, evidence of ownership in an entity, or contracts that convey or impose on an entity that contractual right or obligation to either receive or deliver cash for another financial instrument. The information used to determine fair value is highly subjective and judgmental in nature and, therefore, the results may not be precise. Subjective factors include, among other things, estimates of cash flows, risk characteristics, credit quality, and interest rates, all of which are subject to change. Since the fair value is estimated as of the balance sheet date, the amounts that will actually be realized or paid upon settlement or maturity on these various instruments could be significantly different. The carrying values of cash and due from banks and federal funds sold are of such short duration that carrying value reasonably approximates fair value (Level 1). The carrying values of accrued interest receivable and accrued interest payable are of such short duration that carrying value reasonably approximates fair value (Level 2). The carrying value of restricted equity investments approximates fair value based on the redemption provisions of the issuer (Level 2). As of December 31, 2020, the technique used by the Company to estimate the exit price of the loan portfolio consists of similar procedures to those used as of December 31, 2019, but with added emphasis on both illiquidity risk and credit risk not captured by the previously applied entry price notion. The fair value of the Company’s loan portfolio has always included a credit risk assumption in the determination of the fair value of its loans. This credit risk assumption is intended to approximate the fair value that a market participant would realize in a hypothetical orderly transaction. The Company’s loan portfolio is initially fair valued using a segmented approach. The Company divides its loan portfolio into the following categories: variable rate loans, impaired loans, and all other loans. The results are then adjusted to account for credit risk as described above. However, under the new guidance, the Company believes a further credit risk discount must be applied through the use of a discounted cash flow model to compensate for illiquidity risk, based on certain assumptions included within the discounted cash flow model, primarily the use of discount rates that better capture inherent credit risk over the lifetime of a loan. This consideration of enhanced credit risk provides an estimated exit price for the Company’s loan portfolio. Loans held for investment are reported as Level 3. There is no credit risk associated with PPP loans as they are fully guaranteed by the U.S. government. Further, the Company believes the PPP loans will be forgiven by end of second quarter of 2021, any fair value adjustment for potential interest rate change was considered inconsequential as of December 31, 2020. As a result, the carrying value of PPP loans reasonably approximates fair value (Level 3). The carrying value of cash surrender value of life insurance reasonably approximates fair value. The Company records these policies at their cash surrender value, which is estimated using information by insurance carriers. The carrying value of noninterest-bearing deposits approximates fair value (Level 1). Interest-bearing deposits, other than certificates of deposits, are reported as Level 2 within “Interest-bearing deposits” in the tables that follow. The fair value of certificates of deposits were valued using a discounted cash flow calculation that includes a market rate analysis of the current rates offered by market participants for certificates of deposits that mature in the same period. Time deposits are reported as Level 3 within “Interesting-bearing deposits” in the tables that follow. The fair value of the FHLB borrowings is estimated by discounting the future cash flows using current interest rates offered for similar advances (Level 2). The fair value of FRB borrowings is approximated by its carrying value as there is no comparable debt to PPPLF advances (Level 2). The fair value of the Company’s subordinated notes is estimated by utilizing recent issuance rates for subordinated debt offerings of similar issuer size (Level 3). The Company assumes interest rate risk (the risk that general interest rate levels will change) as a result of its normal operations. As a result, the fair values of the Company’s financial instruments will change when interest rate levels change and that change may be either favorable or unfavorable to the Company. Management attempts to match maturities of assets and liabilities to the extent believed necessary to minimize interest rate risk. Borrowers with fixed rate obligations, however, are less likely to prepay in a rising rate environment and more likely to prepay in a falling rate environment. Conversely, depositors who are receiving fixed rates are more likely to withdraw funds before maturity in a rising rate environment and less likely to do so in a falling rate environment. Management monitors rates and maturities of assets and liabilities and attempts to minimize interest rate risk by adjusting terms of new loans and deposits and by investing in securities with terms that mitigate the Company’s overall interest rate risk. The estimated fair values, and related carrying amounts, of the Company’s financial instruments were as follows as of the dates presented: Fair Value Measurements at December 31, 2020 (Dollars in thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Financial Assets Cash and due from banks $ 117,945 $ 117,945 $ — $ — $ 117,945 Federal funds sold 775 775 — — 775 Securities available for sale 109,475 — 109,475 — 109,475 Restricted equity investments 11,173 — 11,173 — 11,173 PPP loans receivable, net 288,533 — — 288,533 288,533 Loans held for investment, net 688,667 — — 690,007 690,007 Accrued interest receivable 5,428 — 5,428 — 5,428 Cash surrender value of life insurance 15,724 — 15,724 — 15,724 Financial Liabilities Noninterest-bearing deposits 333,051 333,051 — — 333,051 Interest-bearing deposits 612,058 — 360,615 257,647 618,262 FHLB borrowings 115,000 — 114,983 — 114,983 FRB borrowings 281,650 — 281,650 — 281,650 Subordinated debentures, net 24,506 — — 25,830 25,830 Accrued interest payable 626 — 626 — 626 Fair Value Measurements at December 31, 2019 (Dollars in thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Financial Assets Cash and due from banks $ 60,026 $ 60,026 $ — $ — $ 60,026 Federal funds sold 480 480 — — 480 Securities available for sale 108,571 — 108,571 — 108,571 Securities held to maturity 12,192 — 12,654 — 12,654 Restricted equity investments 8,143 — 8,143 — 8,143 Loans held for investment, net 642,262 — — 643,878 643,878 Accrued interest receivable 2,590 — 2,590 — 2,590 Cash surrender value of life insurance 15,321 — 15,321 — 15,321 Financial Liabilities Noninterest-bearing deposits 177,819 177,819 — — 177,819 Interest-bearing deposits 544,211 — 364,986 168,736 533,722 FHLB borrowings 124,800 — 124,971 — 124,971 Subordinated debentures, net 9,800 — — 9,874 9,874 Accrued interest payable 706 — 706 — 706

Revenue from Contracts with Cus

Revenue from Contracts with Customers	12 Months Ended
	Dec. 31, 2020
Revenue From Contract With Customer [Abstract]
Revenue from Contracts with Customers	Note 14. Revenue from Contracts with Customers A description of the Company’s significant sources of revenue accounted for under ASC 606 is as follows: Service charges 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 and purchase card revenue is comprised of interchange revenue and 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. Income is recognized when the performance obligation has been met. The performance obligation is the delivery of payroll services, after which services are billed and revenue is recorded. The following table illustrates total non-interest income segregated by revenues within the scope of ASC 606 and those which are within the scope of other ASC Topics: Year Ended December 31, (Dollars in thousands) 2020 2019 Service fees on deposit accounts $ 905 $ 651 Bank and purchase card revenue 1,297 572 Payroll processing income 974 980 Revenue from contracts with customers 3,176 2,203 Non-interest income within scope of other ASC topics 53,648 16,593 Total noninterest income $ 56,824 $ 18,796 Contract balances occur when an entity performs a service for a customer before the customer pays consideration (resulting in a contract receivable) or before payment is due (resulting in a contract asset). A contract liability balance is an entity's obligation to transfer a service to a customer for which the entity has already received payment (or payment is due) from the customer. The Company's non-interest revenue streams are largely based on transactional activity. Consideration is often received immediately or shortly after the Company satisfies its performance obligation and revenue is recognized. The Company does not typically enter into long-term revenue contracts with customers, and therefore, does not experience significant contract balances. As of December 31, 2020 and 2019, the Company did not have any significant contract balances. Contract acquisition costs are those incurred to acquire a customer. In connection with the adoption of ASC 606, an entity is required to capitalize, and subsequently amortize into expense, certain incremental costs of obtaining a contract with a customer, if these costs are expected to be recovered. The incremental costs of obtaining a contract are those costs that an entity incurs to obtain a contract with a customer that it would not have incurred if the contract had not been obtained (for example, sales commission). The Company utilizes the practical expedient, which allows entities to immediately expense contract acquisition costs when the asset that would have resulted from capitalizing these costs would have been amortized in one year or less. The Company did not capitalize any contract acquisition cost during the years ended December 31, 2020 or 2019.

Leases

Leases	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases	Note 15. Leases The Company’s long-term lease agreements are classified as operating leases. Certain of these leases offer the option to extend the lease term and 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) December 31, 2020 Lease liabilities $ 5,506 Right-of-use assets, net $ 5,328 Weighted average remaining lease term 5.7 years Weighted average discount rate 2.79 % Lease liabilities are included within other liabilities on the consolidated balance sheets. Year Ended December 31, Lease Cost (dollars in thousands) 2020 2019 Operating lease cost $ 1,731 $ 1,523 Total lease cost $ 1,731 $ 1,523 Cash paid for amounts included in the measurement of lease liabilities $ — $ 1,441 A maturity analysis of operating lease liabilities and reconciliation of the undiscounted cash flows to the total of operating lease liabilities for the periods stated is as follows: (Dollars in thousands) December 31, 2020 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 655 Twelve months ending December 31, 2025 492 Thereafter 1,486 Total undiscounted cash flows 6,054 Discount (548 ) Lease liabilities $ 5,506

Minimum Regulatory Capital Requ

Minimum Regulatory Capital Requirements	12 Months Ended
	Dec. 31, 2020
Regulatory Matters [Abstract]
Minimum Regulatory Capital Requirements	Note 16. Minimum Regulatory Capital Requirements In August 2018, the Federal Reserve updated the Small Bank Holding Company Policy Statement (the "Statement"), in compliance with the Economic Growth, Regulatory Relief and Consumer Protection Act of 2018 ("EGRRCPA"). The Statement, among other things, exempts bank holding companies that have below a specified asset threshold from the consolidated regulatory capital requirements. The interim final rule expands the exemption to bank holding companies with consolidated total assets of less than $3 billion. Prior to August 2018, the Statement exempted bank holding companies with consolidated total assets of less than $1 billion. As a result of the interim final rule, the Company qualifies as of August 2018 as a small bank holding company and is no longer subject to regulatory capital requirements on a consolidated basis. Banks and bank holding companies are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory, possibly additional discretionary, actions by regulators that, if undertaken, could have a direct material effect on the Bank's financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, financial institutions must meet specific capital guidelines that involve quantitative measures of assets, liabilities, and certain off-balance-sheet items as calculated under regulatory accounting practices. A financial institution's capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings, and other factors. The final rules implementing Basel Committee on Banking Supervision's capital guidelines for U.S. banks (the “Basel III rules”) became effective for the Bank on January 1, 2015 with full compliance with all of the requirements phased-in over a multi-year schedule and fully phased-in at January 1, 2019. As a part of the requirements, a Common Equity Tier 1 Capital ratio is calculated and utilized in the assessment of capital for all institutions. The Company has made an election to not have the net unrealized gain or loss on available-for-sale securities included in computing regulatory capital. Under the Basel III rules, the Bank must hold a capital conservation buffer above the adequately capitalized risk-based capital ratios. The capital conservation buffer was phased-in from 0.625% for 2016 to 2.50% by 2019. The capital conservation buffer for 2019 and beyond is 2.50%. Management believes as of December 31, 2020 and 2019, the Bank meets all capital adequacy requirement to which it is subject. Prompt corrective action regulations provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized; although, these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. At December 31, 2020 and 2019, the most recent regulatory notification categorized the Bank as well capitalized under the regulatory framework for prompt corrective action. There are no conditions or events since that notification that management believes have changed the institution's category. Federal and state banking regulations place certain restrictions on dividends paid by the Company. The total amount of dividends which may be paid at any date is generally limited to retained earnings of the Company. Pursuant to the EGRRCPA, regulators have provided for an optional, simplified measure of capital adequacy, the community bank leverage ratio ("CBLR") framework, for qualifying community bank organizations. Banks that qualify may opt in to the CBLR framework beginning January 1, 2020 or any time thereafter. The CBLR framework eliminates the four required capital ratios disclosed below and requires the disclosure of a single leverage ratio, with a minimum requirement of 9%. In response to the COVID-19 pandemic, the CARES Act was passed into law on March 27, 2020. Among other things, the CARES Act directs federal banking agencies to adopt interim final rules to lower the threshold under the CBLR from 9% to 8% and to provide a reasonable grace period for a community bank that falls below the threshold to regain compliance, in each case until the earlier of the termination date of the national emergency or December 31, 2020. In April 2020, the federal banking agencies issued two interim final rules implementing this directive. One interim final rule provides that, as of the second quarter 2020, banking organizations with leverage ratios of 8% or greater (and that meet the other existing qualifying criteria) may elect to use the CBLR framework. It also establishes a two-quarter grace period for qualifying community banking organizations whose leverage ratios fall below the 8% CBLR requirement, so long as the banking organization maintains a leverage ratio of 7% or greater. The second interim final rule provides a transition from the temporary 8% CBLR requirement to a 9% CBLR requirement. It established a minimum CBLR of 8% for the second through fourth quarters of 2020, 8.5% for 2021, and 9% thereafter, and maintains a two-quarter grace period for qualifying community banking organizations whose leverage ratios fall no more than 100 basis points below the applicable CBLR requirement. The Company has not opted in to the CBLR framework. The Bank continues to be subject to various capital requirements administered by banking agencies. Capital ratios for the Bank as of December 31, 2020 and 2019 are shown in the following table: Actual For Capital Adequacy Purposes (1) To Be Well Capitalized Under the Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Total risk based capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 109,219 13.10 % $ 87,574 10.50 % $ 83,404 10.00 % Tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 98,751 11.84 % $ 70,893 8.50 % $ 66,723 8.00 % Common equity tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 98,751 11.84 % $ 58,383 7.00 % $ 54,213 6.50 % Tier 1 leverage (To average assets) Blue Ridge Bank, N.A. $ 98,751 8.34 % $ 76,934 4.00 % $ 59,180 5.00 % Actual For Capital Adequacy Purposes (1) To Be Well Capitalized Under the Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019 Total risk based capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 79,911 11.82 % $ 71,007 10.50 % $ 67,626 10.00 % Tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 75,339 11.14 % $ 57,482 8.50 % $ 54,101 8.00 % Common equity tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 75,339 11.14 % $ 47,338 7.00 % $ 43,957 6.50 % Tier 1 leverage (To average assets) Blue Ridge Bank, N.A. $ 75,339 8.00 % $ 61,216 4.00 % $ 47,090 5.00 % (1) Except with regard to the Bank’s Tier 1 to average assets (leverage) ratio, the minimum capital requirements includes the Basel III Capital Rules capital conservation buffer. The Company's principal source of funds for dividend payments is dividends received from the Bank. Banking regulations limit the amounts of dividends that may be paid without approval of regulatory agencies. As of December 31, 2020, $29.8 million of retained earnings of the Bank was available to pay dividends to the Company.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	Note 17. Related Party Transactions During the years ended December 31, 2020 and 2019, officers, directors, and principal shareholders and their related interests were customers of and had transactions with the Bank. These transactions were made in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable loans with persons not related to the Bank, and did not involve more than the normal risk of collectability or present other unfavorable features. (Dollars in thousands) 2020 2019 Total loans, beginning of year $ 14,168 $ 9,608 Advances 12,472 7,916 Curtailments (12,683 ) (3,356 ) Total loans, end of year $ 13,957 $ 14,168 The Bank held related party deposits of approximately $8.4 million and $9.5 million at December 31, 2020 and 2019, respectively.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	Note 18. Earnings Per Share The following table shows the calculation of basic and diluted EPS and the weighted average number of shares outstanding used in computing EPS and the effect on the weighted average number of shares outstanding of dilutive potential common stock. Basic EPS amounts are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted EPS amounts assume the conversion, exercise, or issuance of all potential common stock instruments, unless the effect is to reduce the loss or increase earnings per common share. The Company had no dilutive common shares outstanding as of and for the years ended December 31, 2020 and 2019. For the years ended December 31, (Dollars in thousands, except per share data) 2020 2019 Net income $ 17,697 $ 4,604 Net income attributable to noncontrolling interest (1 ) (24 ) Net income available to common shareholders $ 17,696 $ 4,580 Weighted average common shares outstanding, basic 5,690,404 4,146,980 Effect of dilutive securities — — Weighted average common shares outstanding, dilutive 5,690,404 4,146,980 Basic and diluted earnings per common share $ 3.11 $ 1.10

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	Note 19. Income Taxes The difference between the provision for income taxes and the amounts computed by applying the statutory federal income tax rate of 21% for 2020 and 2019 to income before income taxes is summarized below: (Dollars in thousands) 2020 2019 Income tax at federal statutory rate $ 4,725 21.0 % $ 1,171 21.0 % Increase (decrease) resulting from: State income taxes, net of federal tax effect 34 0.2 % — (— %) Tax-exempt interest income (20 ) (0.1 %) (74 ) (1.3 %) Income from life insurance (82 ) (0.4 %) (196 ) (3.5 %) Merger-related expenses 174 0.8 % 188 3.4 % Other permanent differences (31 ) (0.1 %) (116 ) (2.2 %) Provision for income taxes $ 4,800 21.4 % $ 973 17.4 % The significant components of the provision for income taxes for the years ended December 31, 2020 and 2019 were as follows: (Dollars in thousands) 2020 2019 Current tax provision Federal $ 6,437 $ 1,058 State 43 — Total current tax provision 6,480 1,058 Deferred tax benefit Federal (1,680 ) (85 ) State — — Total deferred tax provision (1,680 ) (85 ) Provision for income taxes $ 4,800 $ 973 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of deferred taxes at December 31, 2020 and 2019 were as follows: (Dollars in thousands) 2020 2019 Deferred tax assets relating to: Allowance for loan losses $ 2,478 $ 414 Compensation differences 892 19 Reserve for loan sale buy backs 341 — Acquisition accounting 255 591 Loan origination costs 81 153 Pass-through entities 252 173 Unrealized losses on swaps and securities available for sale 108 — Other 191 341 Total deferred tax assets 4,598 1,691 Deferred tax liabilities relating to: Premises and equipment (1,532 ) (1,473 ) Core deposit and customer based intangible assets (464 ) (355 ) Mortgage servicing rights (1,488 ) — Unrealized gains on swaps and securities available for sale — (53 ) Other (25 ) (561 ) Total deferred tax liabilities (3,509 ) (2,442 ) Net deferred tax asset (liability), included in other assets (liabilities) $ 1,089 $ (751 ) Deferred income taxes are measured at the enacted tax rate for the period in which they are expected to reverse. State income taxes have been immaterial and ignored for purposes of computing deferred income taxes. Therefore, deferred income taxes as of December 31, 2020 have been measured using the federal income tax rate enacted for subsequent years of 21%. The Company had no net operating losses which can be carried forward and applied against future taxable income. The Company’s policy is to report interest and penalties, if any, related to uncertain tax positions in income tax expense in the consolidated statements of income. With few exceptions, the Company is no longer subject to U.S. federal, state and local, or non-U.S. income tax examinations by tax authorities for years before 2016. As of December 31, 2020 and 2019, the Company has no uncertain tax positions. The Company’s net deferred tax asset (liability) was $1.1 million and $(0.8) million at December 31, 2020 and 2019, respectively. In evaluating whether the Company will realize the full benefit of its net deferred tax assets, management considers both positive and negative evidence, including among other things recent earnings trends, projected earnings, and asset quality. As of December 31, 2020, management concluded that the Company’s net deferred tax assets were fully realizable. The Company will continue to monitor deferred tax assets to evaluate whether it will be able to realize the full benefit of the net deferred tax asset or whether there is any need for a valuation allowance. Significant negative trends in credit quality, losses from operations, or other factors could impact the realization of the deferred tax asset in the future.

Business Segments

Business Segments	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Business Segments	Note 20. Business Segments The Company offers products and services through multiple business segments including retail banking, mortgage banking, and payroll processing services. Revenues from retail banking operations consist primarily of interest earned on loans and investment securities and service charges on deposit accounts. Mortgage banking operating revenues consist principally of gains on sales of loans in the secondary market, loan origination fee income, and interest earned on mortgage loans held for sale. Revenues from payroll processing services consist of fees charged to customers for payroll services. Year Ended December 31, 2020 (Dollars in thousands) Blue Ridge Bank, N.A. Blue Ridge Bank Mortgage Division Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 51,020 $ 3,314 $ 126 $ — $ 54,460 Service charges on deposit accounts 905 — — — 905 Residential mortgage banking income, net — 44,460 — — 44,460 Mortgage servicing rights — 7,084 — — 7,084 Gain on sale of guaranteed USDA loans 880 — — — 880 Income from investment in life insurance contracts 390 — — — 390 Payroll processing revenue 974 — — — 974 Other income 2,165 — — (34 ) 2,131 Total income 56,334 54,858 126 (34 ) 111,284 Expenses: Interest expense 8,331 354 1,265 — 9,950 Provision for loan losses 10,450 — — — 10,450 Salary and benefits 14,217 31,201 — — 45,418 Other operating expenses 12,574 8,075 2,354 (34 ) 22,969 Total expense 45,572 39,630 3,619 (34 ) 88,787 Income (loss) before income taxes 10,762 15,228 (3,493 ) — 22,497 Income tax expense 2,162 3,337 (699 ) — 4,800 Net income (loss) $ 8,600 $ 11,891 $ (2,794 ) $ — $ 17,697 Net (income) loss attributable to noncontrolling interest $ (1 ) $ — $ — $ — $ (1 ) Net income (loss) attributable to Blue Ridge Bankshares, Inc. $ 8,599 $ 11,891 $ (2,794 ) $ — $ 17,696 Year Ended December 31, 2019 (Dollars in thousands) Blue Ridge Bank Blue Ridge Bank Mortgage Division Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 29,640 $ 1,243 $ 5 $ — $ 30,888 Service charges on deposit accounts 651 — — — 651 Residential mortgage banking income, net — 14,433 — — 14,433 Gain on sale of guaranteed USDA loans 298 — — — 298 Income from investment in life insurance contracts 936 — — — 936 Payroll processing revenue 980 — — — 980 Other income 1,416 — 110 (28 ) 1,498 Total income 33,921 15,676 115 (28 ) 49,684 Expenses: Interest expense 8,132 679 709 — 9,520 Provision for loan losses 1,742 — — — 1,742 Salary and benefits 13,890 5,438 — — 19,328 Other operating expenses 3,016 8,959 1,570 (28 ) 13,517 Total expense 26,780 15,076 2,279 (28 ) 44,107 Income (loss) before income taxes 7,141 600 (2,164 ) — 5,577 Income tax expense 1,183 162 (372 ) — 973 Net income (loss) $ 5,958 $ 438 $ (1,792 ) $ — $ 4,604 Net (income) loss attributable to noncontrolling interest $ (24 ) $ — $ — $ — $ (24 ) Net income (loss) attributable to Blue Ridge Bankshares, Inc. $ 5,934 $ 438 $ (1,792 ) $ — $ 4,580

Parent Company Only Financial S

Parent Company Only Financial Statements	12 Months Ended
	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Parent Company Only Financial Statements	Note 21. Parent Company Only Financial Statements The Blue Ridge Bankshares, Inc. (Parent Company only) condensed financial statements were as follows for the periods presented: PARENT COMPANY ONLY CONDENSED BALANCE SHEETS As of December 31, 2020 and 2019 (dollars in thousands) Assets 2020 2019 Cash and due from banks $ 2,174 $ 934 Investment in subsidiary 121,808 100,330 Securities available for sale, at fair value 6,312 — Restricted equity investments, at cost 2,274 911 Accrued interest receivable 119 — Other assets 354 336 Total assets $ 133,041 $ 102,511 Liabilities Accrued expenses $ 204 $ 374 Accrued interest payable 131 $ — Subordinated debentures, net of issuance costs 24,506 9,800 Total liabilities 24,841 10,174 Stockholders' equity $ 108,200 $ 92,337 Total liabilities and stockholders' equity $ 133,041 $ 102,511 PARENT COMPANY ONLY CONDENSED STATEMENTS OF INCOME For the Years ended December 31, 2020 and 2019 (dollars in thousands) Income 2020 2019 Dividends from subsidiary $ 800 $ — Interest income 126 5 Gains on securities — 110 Total Income $ 926 $ 115 Expenses Interest on subordinated debentures $ 1,265 $ 709 Professional fees 455 294 Merger expenses 1,732 1,250 Other operating expenses 166 27 Total expenses $ 3,618 $ 2,280 Net loss before income tax benefit and equity in undistributed earnings of subsidiary $ (2,692 ) $ (2,165 ) Income tax benefit (699 ) (372 ) Equity in undistributed earnings of subsidiary 19,689 6,373 Net income $ 17,696 $ 4,580 PARENT COMPANY ONLY CONDENSED STATEMENTS OF CASH FLOWS For the Years ended December 31, 2020 and 2019 (dollars in thousands) Cash flows from operating activities 2020 2019 Net income $ 17,696 $ 4,580 Equity in undistributed earnings of subsidiary (19,689 ) (6,373 ) Deferred income tax (benefit) expense (62 ) (19 ) Amortization of subordinated debt issuance costs 54 33 Realized gains on securities sales — 110 Increase in other assets (139 ) (206 ) Decrease in accrued expenses (39 ) — Net cash used in operating activities (2,179 ) (1,875 ) Cash flows from investing activities Purchases of securities available-for-sale (6,000 ) (161 ) Net change in investments (1,363 ) — Proceeds from sales of securities available for sale — 66 Cash contributed to Bank (2,000 ) (17,000 ) Net cash used in investing activities (9,363 ) (17,095 ) Cash flows from financing activities Common stock issuance, net of fees 567 22,350 Issuance of subordinated debt 15,000 — Payment of subordinated debt issuance costs (349 ) — Common stock dividends paid (2,436 ) (2,473 ) Net cash provided by financing activities 12,782 19,877 Net increase in cash and cash equivalents 1,240 907 Cash and cash equivalents, beginning of year 934 27 Cash and cash equivalents, end of year $ 2,174 $ 934 Cash paid for: Interest $ 1,190 $ 709 Income taxes $ 2,000 $ 1,020 Non-cash investing and financing activities: Unrealized gain on available-for-sale securities $ 358 $ 217 Issuance of restricted stock awards, net of forfeitures $ 567 $ 230

Legal Matters

Legal Matters	12 Months Ended
	Dec. 31, 2020
Loss Contingency [Abstract]
Legal Matters	Note 22. Legal Matters On August 12, 2019, a former employee of VCB and participant in its Employee Stock Ownership Plan (the “VCB ESOP”) filed a class action complaint against VCB, Virginia Community Bank, and certain individuals associated with the VCB ESOP in the U.S. District Court for the Western District of Virginia, Charlottesville Division (Case No. 3:19-cv-00045-GEC). The complaint alleges, among other things, that the defendants breached their fiduciary duties to VCB ESOP participants in violation of the Employee Retirement Income Security Act of 1974, as amended. The complaint alleges that the VCB ESOP incurred damages “that approach or exceed $12 million.” The Company automatically assumed any liability of VCB in connection with this litigation as a result of the Company’s acquisition of VCB. The outcome of this litigation is uncertain, and the plaintiff and other individuals may file additional lawsuits related to the VCB ESOP. The defense, settlement, or adverse outcome of any such lawsuit or claim could have a material adverse financial impact on the Company. The Company believes the claims are without merit.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income, Net	12 Months Ended
	Dec. 31, 2020
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Accumulated Other Comprehensive Income, Net	Note 23. Accumulated Other Comprehensive Income, net The components of accumulated other comprehensive income (loss) are shown in the following table: Net Unrealized Gains (Losses) on Available for sale Securities Transfer of Held to- maturity Securities to Available for-sale Net Unrealized Gains (Losses) on Interest Rate Swaps Gains Realized in net income Accumulated Other Comprehensive Income (Loss), net Balance, December 31, 2018 $ (614 ) $ — $ — $ (4 ) $ (618 ) Change in net unrealized holding gains on securities available-for-sale, net of tax expense of $370 1,397 — — — 1,397 Change in net unrealized holding losses on interest rate swaps, net of tax benefit of $51 — — (194 ) — (194 ) Gains realized in income, net of tax expense of $95 — — — (356 ) (356 ) Balance, December 31, 2019 783 — (194 ) (360 ) 229 Change in net unrealized holding gains on securities available-for-sale, net of tax expense of $103 388 — — — 388 Transfer of securities held-to-maturity to available-for-sale, net of tax expense of $113 — 425 — — 425 Change in net unrealized holding losses on interest rate swaps, net of tax benefit of $163 — — (611 ) — (611 ) Gains realized in income, net of tax expense of $44 — — — (167 ) (167 ) Balance, December 31, 2020 $ 1,171 $ 425 $ (805 ) $ (527 ) $ 264

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Commitments and Contingencies	Note 24: Commitments and Contingencies In the ordinary course of operations, the Company is party to legal proceedings. Based upon information currently available, the Company’s management believes that such legal proceedings, in the aggregate, will not have a material adverse effect on the Company’s business, financial condition, results of operations, or cash flows. Also in the ordinary course of operations, the Company offers various financial products to its customers to meet their credit and liquidity needs. These instruments involve elements of credit and interest rate risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss in the event of nonperformance by the other party to the financial instruments for commitments to extend credit and stand-by letters of credit written is represented by the contractual amount of these instruments. The Company uses the same credit policies in making commitments and conditional commitments as it does for on-balance sheet commitments. Subject to its normal credit standards and risk monitoring procedures, the Company makes contractual commitments to extend credit. Commitments generally have fixed expiration dates or other termination clauses and may require the payment of a fee. Since many of the commitments may expire without being completely drawn upon, the total commitment amounts do not necessarily represent future cash requirements. As of December 31, 2019 and 2018, the Company had outstanding loan commitments of $126.0 million and $107.7 million, respectively. Conditional commitments are issued by the Company in the form of performance stand-by letters of credit, which guarantee the performance of a customer to a third party. As of December 31, 2019 and 2018, commitments under outstanding performance stand-by letters of credit totaled $6.1 million and $641 thousand, respectively. The Company had no reserve for unfunded commitments recorded at December 31, 2020 and 2019.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	Note 25. Subsequent Events On January 7, 2021, the Company declared a quarterly cash dividend of $0.1425 per common share, paid on January 29, 2021 to shareholders of record as of the close of business on January 19, 2021. On January 31, 2021, the Company completed its acquisition of Bay Banks of Virginia, Inc. (“Bay Banks”), and its subsidiary of Virginia Commonwealth Bank. At closing, Bay Banks merged with and into the Company, with the Company continuing as the surviving corporation, and Virginia Commonwealth was merged with and into the Bank, with the Bank continuing as the surviving bank. Bay Banks shareholders received 0.5000 shares of the Company’s common stock in exchange for each share of Bay Banks common stock held, plus cash in lieu of any fractional shares, resulting in the Company issuing 6,627,558 shares with an aggregate fair market value of $124.8 million based on the closing price of the Company’s common stock at January 29, 2021, the last trading day prior to the effective date of the merger, and paying $3.4 thousand in lieu of fractional shares. In addition, options to purchase 198,362 shares of Bay Banks common stock, whether vested or unvested, were converted to options to acquire 99,176 shares of the Company’s common stock at an estimated fair value of $ 472 On March 17, 2021, the Company announced that its board of directors had approved and declared a three-for-two stock split effected in the form of a 50% stock dividend on its common stock outstanding payable on April 30, 2021 to shareholders of record as of April 20, 2021. Cash will be paid in lieu of fractional shares based on the closing price of common stock on the record date. The following table presents the effect of the three-for-two stock split on common shares outstanding as of the periods stated. As of December 31, (unaudited) 2020 2019 Common stock outstanding, post-split basis 8,577,932 8,487,878 Basic and diluted earnings per common share, post-split basis $ 2.07 $ 0.74 Dividends per share on common stock, post-split basis $ 0.29 $ 0.38 On March 17, 2021, the Company also announced a quarterly cash dividend of $0.15 per common share, payable on April 30, 2021 to shareholders of record as of April 20, 2021. The cash dividend will be paid on pre-split shares.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Principles of Consolidation	(a) Principles of Consolidation The accompanying audited consolidated financial statements of the Company include the accounts of Blue Ridge Bank, N.A. (the “Bank”), PVB Properties, LLC, and MoneyWise Payroll Solutions, Inc. (net of noncontrolling interest) and were prepared in accordance with GAAP. All material intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates	(b) Use of Estimates In preparing consolidated financial statements in conformity with GAAP, management is required to make estimates, judgments, and assumptions that affect the reported amounts of assets and liabilities, and disclosures of contingent assets and contingent liabilities, as of the date of the consolidated financial statements and 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 accounting for business combinations and impairment testing of goodwill, the allowance for loan losses, the valuation of deferred tax assets, other-than-temporary impairment, mortgage servicing rights, and the valuation of derivative and hedging instruments.
Accounting for Business Combinations	(c) Accounting for Business Combinations Business combinations are accounted for under the purchase method. The purchase method requires that the assets acquired and liabilities assumed be recorded based on their estimated fair values at the date of acquisition. The excess of the cost of an acquired entity over the net of the amounts assigned to assets acquired and liabilities assumed, including identifiable intangibles, is recorded as goodwill.
Cash and Due from Banks and Federal Funds Sold	(d) Cash and due from banks and federal funds sold For purposes of the consolidated statements of cash flows and balance sheets, cash and due from banks include cash on hand and amounts due from banks, including short-term investments with original maturities of less than 90 days. Federal funds sold represents excess bank reserves lent (generally on an overnight basis) to other financial institutions in the federal funds market. Federal funds sold are separately disclosed within the consolidated balance sheets.
Investment Securities	(e) Management determines the appropriate classification of securities at the time of purchase. If management has the intent and the Company has the ability at the time of purchase to hold securities until maturity, they are classified as held to maturity and carried at amortized historical cost. Securities not intended to be held to maturity are classified as available for sale and carried at fair value. Securities available for sale are intended to be used as part of the Company’s asset and liability management strategy and may be sold in response to liquidity needs, changes in interest rates, prepayment risk, or other similar factors. Securities reclassified from one category to another are transferred at fair value. Amortization of premiums and accretion of discounts on securities are reported as adjustments to interest income using the effective interest method. Realized gains and losses on dispositions are based on the net proceeds and the adjusted book value of the securities sold using the specific identification method. Unrealized gains and losses on investment securities available for sale are based on the difference between book value and fair value of each security. These gains and losses are credited or charged to shareholders’ equity, whereas realized gains and losses flow through the Company’s current earnings.
Loans Held for Sale	(f) 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 fair 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 residential mortgage banking income on the consolidated statements of income. The Company participates in a “mandatory” delivery program for its government guaranteed and conventional mortgage loans. Under the mandatory delivery system, loans with interest rate locks are paired with the sale of a to-be-announced (“TBA”) 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 after 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. Loans held for sale also includes $30.4 million and $18.1 million as of December 31, 2020 and 2019, respectively, to a third-party financial institution to fund mortgage originations, that are sold in the secondary market. The Bank reviews loan documentation for each specific mortgage prior to funding to ensure it conforms to the terms of the agreement. The mortgages funded through this program must have already obtained a purchase commitment (takeout) from another financial institution as part of the conditions of the Bank’s funding.
Loans and Allowance for Loan Losses	(g) Loans and Allowance for Loan Losses Loans receivable that management has the intent and ability to hold for the foreseeable future or until loan maturity or pay-off are reported at their outstanding principal balance adjusted for any charge-offs, and net of any deferred fees and origination costs. Loan origination fees and certain direct origination costs are deferred and amortized as an adjustment of the yield using the payment terms required by the loan contract. During 2019, as a result of the Company's acquisition of Virginia Community Bankshares, Inc. (“VCB”), the loan portfolio was segregated between loans initially accounted for under the amortized cost method (referred to as "originated" loans) and loans acquired (referred to as "acquired" loans). The loans segregated to the acquired loan portfolio were initially measured at fair value and subsequently accounted for under either Accounting Standards Codification Topic (“ASC”) 310-30 or ASC 310-20. Purchased credit-impaired (“PCI”) loans, which were the non-performing loans acquired in the Company's acquisition of VCB, were acquired at a discount that is due, in part, to credit quality and are accounted for under ASC 310-30. These loans are initially recorded at fair value (as determined by the present value of expected future cash flows) with no allowance for loan losses. The Company accounts for interest income on all loans acquired at a discount (that is due, in part, to credit quality) based on the acquired loans' expected cash flows. The acquired loans may be aggregated and accounted for as a pool of loans if the loans being aggregated have common risk characteristics. A pool is accounted for as a single asset with a single composite interest rate and an aggregate expectation of cash flow. The difference between the cash flows expected at acquisition and the investment in the loans, or the "accretable yield," is recognized as interest income utilizing the level-yield method over the life of each pool. Increases in expected cash flows subsequent to the acquisition are recognized prospectively through adjustment to any previously recognized allowance for loan loss for that pool of loans and then through an increase in the yield on the pool over its remaining life, while decreases in expected cash flows are recognized as impairment through a loss provision and an increase in the allowance for loan losses. Therefore, the allowance for loan losses on these impaired pools reflects only losses incurred after the acquisition (representing the present value of all cash flows that were expected at acquisition but currently are not expected to be received). The Company periodically evaluates the remaining contractual required payments due and estimates of cash flows expected to be collected for PCI loans. These evaluations, performed quarterly, require the continued use of key assumptions and estimates, similar to the initial estimate of fair value. Changes in the contractual required payments due and estimated cash flows expected to be collected may result in changes in the accretable yield and non-accretable difference or reclassifications between accretable yield and the non-accretable difference. On an aggregate basis, if the acquired pools of PCI loans perform better than originally expected, the Company would expect to receive more future cash flows than originally modeled at the acquisition date. For the pools with better than expected cash flows, the forecasted increase would be recorded as an additional accretable yield that is recognized as a prospective increase to the Company's interest income on loans. Loans are generally placed into nonaccrual status when they are past-due 90 days as to either principal or interest or when, in the opinion of management, the collection of principal and/or interest is in doubt. A loan remains in nonaccrual status until the loan is current as to payment of both principal and interest or past-due less than 90 days and the borrower demonstrates the ability to pay and remain current. Loans are charged-off when a loan or a portion thereof is considered uncollectible. When cash payments are received, they are applied to principal first, then to accrued interest. It is the Company's policy not to record interest income on nonaccrual loans until principal has become current. In certain instances, accruing loans that are past due 90 days or more as to principal or interest may not go on nonaccrual status if the Company determines that the loans are well secured and are in the process of collection. Non-performing assets include nonaccrual loans, loans past due 90 days or more, and other real estate owned (“OREO”). The Company maintains the allowance for loan losses at a level that represents management's best estimate of known and inherent losses in the loan portfolio. Both the amount of the provision expense and the level of the allowance for loan losses are impacted by many factors, including general and industry-specific economic conditions, actual and expected credit losses, historical trends, and specific conditions of the individual borrowers. As a part of the analysis, the Company uses comparative peer group data and qualitative factors such as levels of and trends in delinquencies, nonaccrual loans, charged-off loans, changes in volume and terms of loans, effects of changes in lending policy, experience and ability and depth of management, national and local economic trends, and conditions and concentrations of credit, competition, and loan review results to support estimates. The allowance for loan losses is increased or decreased by provisions for (reversal of) loan losses, increased by recoveries of previously charged-off loans, and decreased by loan charge-offs. The Company also maintains an allowance for loan losses for acquired loans: (i) for loans accounted for under ASC 310-30, when there is deterioration in credit quality subsequent to acquisition, and (ii) for loans accounted for under ASC 310-20, when the inherent losses in the loans exceed the remaining discount recorded at the time of acquisition. The allowance for loan losses consists of specific and general components. The specific component relates to loans that are determined to be impaired and, therefore, individually evaluated for impairment. The Company determines and recognizes impairment of certain loans when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the loan agreement. A loan is not considered impaired during a period of delay in payment if the Company expects to collect all amounts due, including past-due interest. The Company individually assigns loss factors to all loans that have been identified as having loss attributes, as indicated by deterioration in the financial condition of the borrower or a decline in underlying collateral value if the loan is collateral dependent. The Company evaluates the impairment of certain loans on a loan by loan basis for those loans that are adversely risk rated. Measurement of impairment is based on the expected future cash flows of an impaired loan, which are discounted at the loan's effective interest rate, or measured on an observable market value, if one exists, or the fair value of the collateral underlying the loan, discounted to consider estimated costs to sell the collateral for collateral-dependent loans. If the net collateral value is less than the loan balance (including accrued interest and any unamortized premium or discount associated with the loan) an impairment is recognized and a specific reserve is established for the impaired loan. Loans classified as loss loans are fully reserved or charged-off. Loans considered to be troubled debt restructurings ("TDRs") are loans that have their terms restructured (e.g., interest rates, loan maturity date, payment and amortization period, etc.) in circumstances that provide payment relief to a borrower experiencing financial difficulty. All restructured loans are considered impaired loans and may either be in accruing status or nonaccruing status. Nonaccruing restructured loans may return to accruing status provided doubt has been removed concerning the collectability of principal and interest as evidenced by a sufficient period of payment performance in accordance with the restructured terms. Loans may be removed from the restructured category in the year subsequent to the restructuring, if their revised loan terms are considered to be consistent with terms that can be obtained in the credit market for loans with comparable risk and if they meet certain performance criteria. Pursuant to the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), banks have the option to temporarily suspend certain requirements of GAAP related to TDRs for a limited period of time if certain conditions are met. All loan modifications made by the Company were made on a good faith basis to borrowers who met the requirements for modifications under the CARES Act. As a result of regulatory and accounting guidance regarding such modifications, the loans are not designated as TDRs, as of December 31, 2020.
Premises and Equipment	(h) Premises and Equipment Land is carried at cost. Premises, furniture, equipment, and leasehold improvements are carried at cost less accumulated depreciation and amortization. Depreciation of premises, furniture and equipment is computed using the straight-line method over estimated useful lives from three to forty years. Amortization of leasehold improvements is computed using the straight-line method over the useful lives of the improvements or the lease term. Purchased computer software, which is capitalized, is amortized over estimated useful lives of one to three years. Rent expense on operating leases is recorded using the straight-line method over the appropriate lease term.
Goodwill and Intangible Assets	(i) Goodwill and Intangible Assets Goodwill, which represents the excess of purchase price over fair value of net assets acquired, is not amortized but is evaluated at least annually for impairment by comparing its fair value with its carrying amount. Impairment is indicated when the carrying amount of a reporting unit exceeds its estimated fair value. Goodwill arises from business combinations and is generally determined as the excess of the fair value of the consideration transferred, plus the fair value of any noncontrolling interests in the acquiree, over the fair value of the net assets acquired and liabilities assumed as of the acquisition date. Goodwill and intangible assets acquired in a business combination and determined to have an indefinite useful life are not amortized, but tested for impairment at least annually or more frequently if events and circumstances exist that indicate that a goodwill impairment test should be performed. The Company performs the annual impairment test annually during the fourth quarter. Goodwill is the only intangible asset with an indefinite life on the Company’s balance sheet. Intangible assets with definite useful lives are amortized over their estimated useful lives and tested for impairment if events and circumstances exist that might indicate impairment may have occurred. No impairment was recorded for 2020 and 2019.
Mortgage Servicing Rights (“MSR”) Assets	(j) Mortgage Servicing Rights (“MSR”) Assets MSR assets represent a contractual agreement where the rights to service an existing mortgage are sold by the original lender to another party who specializes in the various functions of servicing mortgages. MSR assets can also result from the retention of servicing when an originated loan is sold in the secondary market. Per ASC 860-50, Transfers and Servicing, MSR assets are initially recognized at fair value and subsequently accounted for using either the amortization method or the fair value measurement method. The Company has elected to subsequently account for its MSR assets using the amortization method, which requires that the servicing asset be amortized in proportion to and over the period of estimated net servicing income. ASC 860-50 also requires that MSR assets accounted for using the amortization method are evaluated for impairment each reporting period and reported at the lower of amortized cost or fair market value. MSR income and assets are reported on the Company’s consolidated statements of income and consolidated balance sheets, respectively.
Other Real Estate Owned (“OREO”)	(k) Other Real Estate Owned (“OREO”) Assets acquired through, or in lieu of, loan foreclosure are held for sale. At the time of acquisition, these properties are recorded at fair value less estimated selling costs, with any write down charged to the allowance for loan losses and any gain on foreclosure recorded in the allowance up to the amount previously changed off, establishing a new cost basis. Subsequent to foreclosure, valuations of the assets are periodically performed by management, and these assets are subsequently accounted for at the lower of cost or fair value, less estimated selling costs. Adjustments are made for subsequent declines in the fair value of the assets, less selling costs. Revenue and expenses from operations and valuation changes are charged to operating income in the period of the transaction.
Cash Surrender Value of Life Insurance	(l) Cash Surrender Value of Life Insurance The Company has purchased life insurance policies on certain key employees. The cash surrender value of life insurance is recorded at the amount that can be realized under the insurance contract at the balance date, which is the cash surrender value. The increase in the cash surrender value over time is recorded as other non-interest income. The Company monitors the financial strength and condition of the counterparty.
Small Business Investment Company ("SBIC") Fund Income	(m) Small Business Investment Company (“SBIC”) Fund Income The Bank has an interest in several SBIC funds. The Bank’s obligations to these funds are satisfied in the form of capital calls that occur during the commitment period. Two-thirds of income distributions from these funds are shown as a reduction to the Bank’s principal investment. The remaining one-third is recognized as income until the investment principal has been recovered. All distributions in excess of initial investment are recognized as income.
Income Taxes	(n) Income Taxes Income taxes are accounted for using the balance sheet method in accordance with ASC 740, Accounting for Income Taxes. Per ASC 740, the objective is to recognize (a) the amount of taxes payable or refundable for the current year, and (b) defer tax liabilities and assets for the future tax consequences of events that have been recognized in the financial statements or federal income tax returns. A net deferred tax asset or liability is determined based on the tax effects of the temporary differences between the book (i.e., financial statement) and tax bases of the various balance sheet assets and liabilities and gives current recognition to changes in tax rates and laws. Temporary differences are reversed in the period in which an amount or amounts become taxable or deductible. When the Company’s federal tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would ultimately be sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50 percent likely to be realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Interest and penalties, if any, associated with unrecognized tax benefits are classified as additional income taxes in the consolidated statements of income.
Earnings Per Share	(o) 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. 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 for the years ended December 31, 2020 and 2019.
Financial Instruments	(p) The Bank has entered into commitments to extend credit in the ordinary course of business. Such financial instruments are recorded in the Company’s consolidated financial statements when funded.
Reclassified Amounts	(q) Certain amounts have been reclassified from prior year financial statements to ensure consistent presentation with current year amounts. These reclassifications are for presentation purposes and have no impact on overall financial information.
Derivatives	(r) Derivatives are recognized as assets and liabilities on the Company’s consolidated balance sheets and measured at fair value. The Company’s derivatives consist of forward sales of to-be-announced mortgage-backed securities and interest rate lock commitments. The Company’s hedging policies permit the use of various derivative financial instruments to manage interest rate risk or to hedge specified assets and liabilities. All derivatives are recorded at fair value on the consolidated balance sheets. The Company may be required to recognize certain contracts and commitments as derivatives when the characteristics of those contracts and commitments meet the definition of a derivative. If derivative instruments are designated as hedges of fair values, both the change in the fair value of the hedge and the hedged item are included in current earnings. During the normal course of business, the Company enters into commitments to originate mortgage loans whereby the interest rate on the loan is determined prior to funding (“rate lock commitments”). For commitments issued in connection with potential loans intended for sale, the Bank enters into positions of forward month mortgage-backed securities (“MBS”) to be announced (“TBA”) contracts on a mandatory basis or on a one-to-one forward sales contract on a best efforts basis. The Company enters into TBA contracts in order to control interest rate risk during the period between the rate lock commitment and mandatory sale of the mortgage loan. Both the rate lock commitment and the TBA contract are considered derivatives. A mortgage loan sold on a best efforts basis is locked into a forward sales contract with a counterparty on the same day as the rate lock commitment to control interest rate risk during the period between the commitment and the sale of the mortgage loan. Both the rate lock commitment and the forward sales contract are considered derivatives. The market values of rate lock commitments and best efforts forward delivery commitments is not readily ascertainable with precision because rate lock commitments and best efforts contracts are not actively traded in stand-alone markets. The Company determines the fair value of rate lock commitments, delivery contracts, and forward sales contracts of MBS by measuring the change in the value of the underlying asset, while taking into consideration the probability that the rate lock commitments will close or will be funded. Certain risks arise from the forward delivery contracts in that the counterparties to the contracts may not be able to meet the terms of the contracts. Additional risks inherent in mandatory delivery programs include the risk that, if the Company does not close the loans subject to rate lock commitments, it will still be obligated to deliver MBS to the counterparty under the forward sales agreement. The Company enters into interest rate swap agreements (‘‘swap agreements’’) to facilitate the risk management strategies to accommodate the needs of its banking customers. The Company mitigates the interest rate risk entering into these swap 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). The Company has entered into various cash flow hedges as defined by ASC 815-20. The objective of these interest rate swaps was to hedge against 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 Federal Home Loan Bank. 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. These cash flow hedges are 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).
Recent Accounting Pronouncements	(s) 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 formed a cross-functional working group to assess and implement the requirements of ASU 2016-13 by the adoption date. In November 2019, the FASB issued ASU 2019-11, Codification Improvements to Topic 326, Financial Instruments – Credit Losses. This ASU addresses issues raised by stakeholders during the implementation of ASU No. 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. Among other narrow-scope improvements, the new ASU clarifies guidance around how to report expected recoveries. “Expected recoveries” describes a situation in which an organization recognizes a full or partial write-off of the amortized cost basis of a financial asset, but then later determines that the amount written off, or a portion of that amount, will in fact be recovered. While applying the credit losses standard, stakeholders questioned whether expected recoveries were permitted on assets that had already shown credit deterioration at the time of purchase (also known as purchased credit-deteriorated (“PCD”) assets). In response to this question, the ASU permits organizations to record expected recoveries on PCD assets. In addition to other narrow technical improvements, the ASU also reinforces existing guidance that prohibits organizations from recording negative allowances for available-for-sale debt securities. The ASU includes effective dates and transition requirements that vary depending on whether or not an entity has already adopted ASU 2016-13. The Company is currently assessing the impact that ASU 2019-11 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 to general principles in ASC 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 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 of the FASB 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. The Company does not believe the adoption of ASU 2019-12 will have a significant effect on its consolidated financial statements.

Business Combinations (Tables)

Business Combinations (Tables) - Virginia Community Bankshares, Inc [Member]	12 Months Ended
	Dec. 31, 2020
Summary of Assets Received and Liabilities Assumed and Related Adjustments	A summary of the assets received and liabilities assumed and related adjustments is as follows: As Recorded by Virginia Community Bankshares, Inc. Adjustments As Recorded by Blue Ridge Bankshares, Inc. Assets Cash and due from banks $ 9,679 $ — $ 9,679 Investment securities available-for-sale 43,419 (470 ) (1 ) 42,949 Restricted equity securities 303 — 303 Loans 173,872 (876 ) (2 ) 172,996 Premises and equipment 6,436 3,296 (3 ) 9,732 Other real estate owned 87 (87 ) (4 ) — Accrued interest receivable 864 — 864 Core deposit intangible — 1,690 (5 ) 1,690 Other assets 8,069 550 (6 ) 8,619 Total assets acquired $ 242,729 $ 4,103 246,832 Liabilities Deposits 217,953 119 (7 ) 218,072 Other liabilities 1,297 — 1,297 Total liabilities assumed $ 219,250 $ 119 219,369 Net assets acquired 27,463 Total consideration paid 44,048 Goodwill $ 16,585 Explanation of adjustments: (1) Adjustment to reflect estimated fair value of securities (2) Adjustment to reflect estimated fair value of loans of $2,295, and elimination of VCB’s allowance for loan and lease losses of $1,419. (3) Adjustment to reflect estimated fair value of furniture, fixtures, and equipment. (4) Adjustment to reflect estimated fair value of 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: (Dollars in thousands) Common stock issued (1,312,919 shares) $ 27,402 Cash payments to common shareholders 16,646 Total consideration paid $ 44,048

Investment Securities and Oth_2

Investment Securities and Other Investments (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2020 and December 31, 2019 were as follows: December 31, 2020 (Dollars in thousands) Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Available for sale State and municipal $ 14,069 $ 258 $ 68 $ 14,259 U.S. Treasury and agencies 2,500 — 91 2,409 Mortgage backed securities 72,337 696 398 72,635 Corporate bonds 19,755 469 52 20,172 Total investment securities $ 108,661 $ 1,423 $ 609 $ 109,475 December 31, 2019 (Dollars 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 Fair Value and Gross Unrealized Losses of Securities in Continuous Unrealized Loss Position	The following table shows fair value and gross unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position, at December 31, 2020 and 2019. The reference point for determining when securities are in an unrealized loss position is period-end; therefore, it is possible that a security's market value exceeded its amortized cost on other days during the past twelve-month period. December 31, 2020 Less than 12 Months 12 Months or Greater Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and municipal $ 3,111 $ (68 ) $ — $ — $ 3,111 $ (68 ) U.S. Treasury and agencies 2,410 (91 ) — — 2,410 (91 ) Mortgage backed securities 20,545 (65 ) 8,592 (333 ) 29,137 (398 ) Corporate bonds 3,242 (7 ) 1,955 (45 ) 5,197 (52 ) Total $ 29,308 $ (231 ) $ 10,547 $ (378 ) $ 39,855 $ (609 ) December 31, 2019 Less than 12 Months 12 Months or Greater Total (Dollars in thousands) Fair Value Unrealized Losses Fair Value Unrealized Losses Fair Value Unrealized Losses State and municipal $ 333 $ (2 ) $ — $ — $ 333 $ (2 ) U.S. Treasury and agencies — — 1,949 (51 ) 1,949 (51 ) Mortgage backed securities 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 )
Summary of Investments Classified by Contractual Maturity Date	The amortized cost and fair value of securities at December 31, 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. December 31, 2020 Securities Available for Sale (Dollars in thousands) Amortized Cost Fair Value Due in one year or less $ 3,427 $ 930 Due after one year through five years 6,305 6,963 Due after five years through ten years 32,003 34,057 Due after ten years 66,926 67,525 Total $ 108,661 $ 109,475

Loans and Allowance for Loan _2

Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2020
Summary of Loans Held for Investment	Loans held for investment at December 31, 2020 and December 31, 2019 were as follows: (Dollars in thousands) December 31, 2020 December 31, 2019 Commercial and industrial $ 93,286 $ 77,728 Paycheck Protection Program 292,068 — Real estate – construction, commercial 54,702 38,039 Real estate – construction, residential 18,040 26,778 Real estate – mortgage, commercial 273,499 251,824 Real estate – mortgage, residential 213,404 208,494 Real estate – mortgage, farmland 3,615 5,507 Consumer loans 46,684 39,202 Gross loans 995,298 647,572 Less: Unearned income and deferred costs (4,271 ) (738 ) Total $ 991,027 $ 646,834
Summary of Financing Receivable, Past Due	The following table presents the aging of the recorded investment of loans as of December 31, 2020 and December 31, 2019: December 31, 2020 (Dollars 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 $ 1,117 $ — $ — $ 1,310 $ 2,427 $ 90,859 $ 93,286 Paycheck Protection Program — — — — — 292,068 292,068 Real estate – construction, commercial — — — — — 54,702 54,702 Real estate – construction, residential 262 — — — 262 17,778 18,040 Real estate – mortgage, commercial 995 211 — 3,643 4,849 268,650 273,499 Real estate – mortgage, residential 1,062 — 46 916 2,024 211,380 213,404 Real estate - mortgage, farmland — — — — — 3,615 3,615 Consumer loans 935 334 — 714 1,983 44,701 46,684 Less: Unearned income and deferred costs — — — — (4,271 ) (4,271 ) $ 4,371 $ 545 $ 46 $ 6,583 $ 11,545 $ 979,482 $ 991,027 December 31, 2019 (Dollars 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 loans 894 408 — 776 2,078 37,124 39,202 Less: Unearned income and deferred costs — — — — — (738 ) (738 ) $ 7,120 $ 625 $ 369 $ 4,790 $ 12,904 $ 633,930 $ 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 balance sheets as of December 31, 2020 and 2019 was as follows: (Dollars in thousands) December 31, 2020 December 31, 2019 PCI loans evaluated individually for future credit losses Outstanding principal balance $ 1,278 $ 1,504 Carrying amount 1,085 1,315 Other acquired VCB loans Outstanding principal balance 97,301 172,279 Carrying amount 96,317 170,151 Total acquired VCB loans Outstanding principal balance 98,579 173,783 Carrying amount 97,402 171,466
Summary of Purchased Loans	The following table presents the recorded investment in the River Bancorp, Inc. purchased loans as of December 31, 2020 and December 31, 2019: (Dollars in thousands) December 31, 2020 December 31, 2019 Commercial and industrial $ 549 $ 1,272 Real estate - construction, commercial — 1,397 Real estate - mortgage, commercial 4,545 6,844 Real estate - mortgage, residential 7,453 10,075 Consumer loans 58 99 $ 12,605 $ 19,687
Summary of Allowance for Loans Losses	A summary of changes in the allowance for loans losses for the years ended December 31, 2020 and December 31, 2019 is as follows: (Dollars in thousands) December 31, 2020 December 31, 2019 Allowance, beginning of period $ 4,572 $ 3,580 Charge-Offs Commercial and industrial $ (6 ) $ (43 ) Real estate, mortgage (505 ) (4 ) Consumer loans (994 ) (914 ) Total charge-offs (1,505 ) (961 ) Recoveries Commercial and industrial 41 — Real estate, mortgage 8 6 Consumer loans 261 205 Total recoveries 310 211 Net charge-offs (1,195 ) (750 ) Provision for loan losses 10,450 1,742 Allowance, end of period $ 13,827 $ 4,572
Summary of Primary Segments of ALLL, Loans Individually and Collectively Evaluated for Impairment	The following tables summarize the primary segments of the allowance of loan losses (“ALL”), segregated into the amount required for loans individually evaluated for impairment and the amount required for loans collectively evaluated for impairment as of December 31, 2020 and 2019: December 31, 2020 (Dollars in thousands) Commercial and Industrial Real Estate - Construction Commercial Real Estate - Construction Residential Real Estate - Mortgage, Commercial Real Estate - Mortgage, Residential Real Estate - Mortgage, Farmland Consumer Loans Total ALL Balance - December 31, 2019 $ 841 $ 220 $ 60 1,604 $ 510 $ 9 $ 1,328 $ 4,572 Charge-offs (6 ) — — (505 ) — — (994 ) (1,505 ) Recoveries 41 — — — 8 — 261 310 Provision for loan losses 2,886 740 90 3,116 963 9 2,646 10,450 ALL Balance - December 31, 2020 $ 3,762 $ 960 $ 150 $ 4,215 $ 1,481 $ 18 $ 3,241 $ 13,827 Individually evaluated for impairment 144 — — — — — — 144 Collectively evaluated for impairment $ 3,618 $ 960 $ 150 $ 4,215 $ 1,481 $ 18 $ 3,241 $ 13,683 December 31, 2019 (Dollars in thousands) Commercial and Industrial Real Estate- Construction Commercial Real Estate- Construction Residential Real Estate- Mortgage Commercial Real Estate- Mortgage Residential Real Estate – Mortgage, Farmland Consumer Loans Total ALL Balance - December 31, 2018 $ 572 $ 112 $ 56 1,180 $ 434 $ 13 $ 1,213 $ 3,580 Charge-offs (43 ) — — (3 ) (1 ) — (914 ) (961 ) Recoveries — — — — 6 — 205 211 Provision for loan losses 312 108 4 427 71 (4 ) 824 1,742 ALL Balance - December 31, 2019 $ 841 $ 220 $ 60 $ 1,604 $ 510 $ 9 $ 1,328 $ 4,572 Individually evaluated for impairment 143 — — 98 — — — 241 Collectively evaluated for impairment $ 698 $ 220 $ 60 $ 1,506 $ 510 $ 9 $ 1,328 $ 4,331
Summary of Loan Portfolio Individually and Collectively Evaluated for Impairment	A summary of the loan portfolio individually and collectively evaluated for impairment at December 31, 2020 and December 31, 2019 is as follows: (Dollars in thousands) Individually Evaluated for Impairment Collectively Evaluated for Impairment Total December 31, 2020 Commercial and industrial $ 234 $ 93,052 $ 93,286 Real estate – construction, commercial — 54,702 54,702 Real estate – construction, residential — 18,040 18,040 Real estate – mortgage, commercial 1,645 271,854 273,499 Real estate – mortgage, residential 452 212,952 213,404 Real estate - mortgage, farmland — 3,615 3,615 Consumer loans — 46,684 46,684 Gross loans 2,331 700,899 703,230 Less: Unearned income and deferred costs — (4,271 ) (4,271 ) Total $ 2,331 $ 696,628 $ 698,959 The table above excludes gross PPP loans of $292.1 million, which are fully guaranteed by the U.S. government and therefore have no recorded allowance for loan losses as of December 31, 2020. (Dollars 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 loans — 39,202 39,202 Gross loans 1,408 646,164 647,572 Less: Unearned income and deferred costs — (738 ) (738 ) Total $ 1,408 $ 645,426 $ 646,834
Summary of Impaired Financing Receivables	The following table presents information related to impaired loans, by segment, at the dates presented: December 31, 2020 (Dollars in thousands) Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no specific allowance recorded: Real estate – mortgage, commercial $ 1,645 $ 2,030 $ — $ 2,091 $ 4 Real estate – mortgage, residential 452 571 — 538 2 With an allowance recorded: Commercial and industrial 234 234 144 362 — $ 2,331 $ 2,835 $ 144 $ 2,991 $ 6 December 31, 2019 (Dollars 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 Accounts Notes Loans and Financing Receivable	The following table shows the Company’s loan portfolio by internal loan grade as of December 31, 2020 and December 31, 2019: December 31, 2020 (Dollars in thousands) 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 $ 844 $ 484 $ 23,828 $ 55,539 $ 7,251 $ 4 $ 5,336 $ 93,286 Paycheck Protection Program 292,068 — — — — — — 292,068 Real estate – construction, commercial — 2,143 19,524 26,324 5,916 218 577 54,702 Real estate – construction, residential — — 3,073 8,247 6,458 — 262 18,040 Real estate – mortgage, commercial — 3,994 128,163 114,977 15,799 2,968 7,598 273,499 Real estate – mortgage residential — 3,583 101,078 100,601 5,750 158 2,234 213,404 Real estate – mortgage, farmland 444 — 1,175 1,996 — — — 3,615 Consumer loans 324 36 17,062 28,033 521 1 707 46,684 Gross loans $ 293,680 $ 10,240 $ 293,903 $ 335,717 $ 41,695 $ 3,349 $ 16,714 $ 995,298 Less: Unearned income and deferred costs (4,271 ) Total $ 991,027 December 31, 2019 (Dollars in thousands) 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 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 and deferred costs (738 ) Total $ 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 year ended December 31, 2020 and 2019, respectively, in the accretable yield on the VCB PCI loans for which the Company applies ASC 310-30: (Dollars in thousands) December 31, 2020 December 31, 2019 Balance, beginning of period $ 188 $ — Accretable yield at acquisition date — 190 Additions (22 ) — Accretion (56 ) (3 ) Other changes, net 84 1 Balance, end of period $ 194 $ 188
COVID-19 [Member] | High-Risk Industries [Member]
Summary of Financing Receivable, Past Due	The Company is closely monitoring the past due loan portfolio, and proactively staying in touch with borrowers, especially as it relates to certain high-risk industries impacted by COVID-19 as outlined below. (Dollars in thousands) Number of Borrowers 12/31/2020 Industry by NAICS Code Hotels and motels 15 $ 34,617 Bed and breakfasts 5 2,739 All other traveler accommodations 5 4,392 Full-service restaurants 15 4,202 Limited-service restaurants 12 4,737 Religious organizations 36 7,080 88 $ 57,767

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Property Plant And Equipment [Abstract]
Summary of Premises and Equipment	Premises and equipment are summarized as follows: December 31, (Dollars in thousands) 2020 2019 Buildings and land $ 13,925 $ 12,535 Construction in progress — 443 Furniture, fixtures and equipment 3,945 3,411 Software 325 354 Total cost 18,195 16,743 Less: accumulated depreciation (3,364 ) (3,092 ) Premises and equipment, net $ 14,831 $ 13,651

Goodwill and Intangibles (Table

Goodwill and Intangibles (Tables)	12 Months Ended
	Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Information concerning goodwill by acquisition is as follows: December 31, (Dollars in thousands) 2020 2019 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 Intangible Assets	Information concerning amortizable intangible assets is as follows: December 31, 2020 Gross Carrying Value Accumulated Amortization Net Carrying Value Core deposit intangibles $ 2,776 $ 1,366 $ 1,410 Other amortizable intangibles 2,528 1,016 1,512 December 31, 2019 Core deposit intangibles $ 2,776 $ 875 $ 1,901 Other amortizable intangibles 2,339 522 1,817
Schedule of Estimated Amortization Expense	Estimated amortization expense for the next five years and thereafter as of December 31, 2020 is as follows: (Dollars in thousands) 2021 $ 759 2022 593 2023 394 2024 342 2025 293 Thereafter 541 Total $ 2,922

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2020
Deposits [Abstract]
Scheduled Maturities of Time Deposits	At December 31, 2020, the scheduled maturities of time deposits for the next five years and thereafter were as follows: (Dollars in thousands) 2021 $ 117,792 2022 57,642 2023 28,532 2024 40,541 2025 5,671 2026 and beyond 1,265 Total $ 251,443

Borrowings (Tables)

Borrowings (Tables)	12 Months Ended
	Dec. 31, 2019
Debt Disclosure [Abstract]
Schedule of Principal on FHLB Borrowings Maturities	The principal on FHLB borrowings matures as follows: (Dollars in thousands) Maturities 2021 $ 115,000

Derivative Financial Instrume_2

Derivative Financial Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 2020
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Summary of Derivative Instruments	December 31, 2020 Notional Amount Fair Value (Dollars in thousands) Interest rate swap agreement Receive fixed/pay variable swaps $ 2,100 $ 339 Pay fixed/receive variable swaps 2,100 (339 ) December 31, 2019 Notional Amount Fair Value (Dollars in thousands) Interest rate swap agreement Receive fixed/pay variable swaps $ 2,145 $ 185 Pay fixed/receive variable swaps 2,145 (185 )
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 layer has a variable receive leg of three-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 three-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)	12 Months Ended
	Dec. 31, 2020
Fair Value Disclosures [Abstract]
Summary of Financial Assets Measured at Fair Value on Recurring Basis	The following tables present the balances of financial assets measured at fair value on a recurring basis: December 31, 2020 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale State and municipals $ 14,259 $ — $ 14,259 $ — U.S. Treasury and agencies 2,409 — 2,409 — Mortgage backed securities 72,635 — 72,635 — Corporate bonds 20,172 — 20,172 — Total investment securities available for sale $ 109,475 $ — $ 109,475 $ — Mortgage derivative asset $ 5,293 $ — $ 5,293 $ — Mortgage derivative liability $ 1,569 $ — $ 1,569 $ — Interest rate swap asset $ 1,716 $ — $ 1,716 $ — Interest rate swap liability $ 2,735 $ — $ 2,735 $ — December 31, 2019 (Dollars in thousands) Total Level 1 Level 2 Level 3 Securities available for sale U.S. Treasury and agencies $ 2,449 $ — $ 2,449 $ — Mortgage backed securities 95,485 — 95,485 — Corporate bonds 10,637 — 10,637 — Total investment securities available for sale $ 108,571 $ — $ 108,571 $ — Mortgage derivative asset $ 591 $ — $ 591 $ — Mortgage derivative liability $ 2 $ — $ 2 $ — Interest rate swap asset $ 185 $ — $ 185 $ — Interest rate swap liability $ 430 $ — $ 430 $ —
Summary of Change in MSR Assets	The following table presents the change in MSR assets for the year ended December 31, 2020: (Dollars in thousands) MSRs Balance, December 31, 2019 $ — Additions 7,539 Write-offs (61 ) Amortization (391 ) Impairments (3 ) Fair value adjustments 207 Balance, December 31, 2020 - Fair value $ 7,291 Balance, December 31, 2020 - Amortized cost $ 7,084
Summary of Assets Measured at Fair Value on Nonrecurring Basis	The following tables summarize assets that were measured at fair value on a nonrecurring basis as of the dates stated: December 31, 2020 (Dollars in thousands) Total Level 1 Level 2 Level 3 Impaired loans, net $ 2,187 $ — $ — $ 2,187 Loans held for sale 178,598 — 178,598 — December 31, 2019 (Dollars in thousands) Total Level 1 Level 2 Level 3 Impaired loans, net $ 1,167 $ — $ — $ 1,167 Loans held for sale 55,646 — 55,646 —
Summary of Quantitative Information about Level 3 Fair Value Measurements	The following tables present quantitative information about Level 3 fair value measurements as of the dates stated: (Dollars in thousands) Balance as of December 31, 2020 Valuation Technique Unobservable Input Weighted Average Impaired loans, net $ 2,097 Discounted appraised value Selling costs 10 % 90 Discounted cash flows Discount rate 6 % (Dollars in thousands) Balance as of December 31, 2019 Valuation Technique Unobservable Input Weighted Average Impaired loans, net $ 1,167 Discounted appraised value Selling costs 10 %
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 were as follows as of the dates presented: Fair Value Measurements at December 31, 2020 (Dollars in thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Financial Assets Cash and due from banks $ 117,945 $ 117,945 $ — $ — $ 117,945 Federal funds sold 775 775 — — 775 Securities available for sale 109,475 — 109,475 — 109,475 Restricted equity investments 11,173 — 11,173 — 11,173 PPP loans receivable, net 288,533 — — 288,533 288,533 Loans held for investment, net 688,667 — — 690,007 690,007 Accrued interest receivable 5,428 — 5,428 — 5,428 Cash surrender value of life insurance 15,724 — 15,724 — 15,724 Financial Liabilities Noninterest-bearing deposits 333,051 333,051 — — 333,051 Interest-bearing deposits 612,058 — 360,615 257,647 618,262 FHLB borrowings 115,000 — 114,983 — 114,983 FRB borrowings 281,650 — 281,650 — 281,650 Subordinated debentures, net 24,506 — — 25,830 25,830 Accrued interest payable 626 — 626 — 626 Fair Value Measurements at December 31, 2019 (Dollars in thousands) Carrying Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Fair Value Financial Assets Cash and due from banks $ 60,026 $ 60,026 $ — $ — $ 60,026 Federal funds sold 480 480 — — 480 Securities available for sale 108,571 — 108,571 — 108,571 Securities held to maturity 12,192 — 12,654 — 12,654 Restricted equity investments 8,143 — 8,143 — 8,143 Loans held for investment, net 642,262 — — 643,878 643,878 Accrued interest receivable 2,590 — 2,590 — 2,590 Cash surrender value of life insurance 15,321 — 15,321 — 15,321 Financial Liabilities Noninterest-bearing deposits 177,819 177,819 — — 177,819 Interest-bearing deposits 544,211 — 364,986 168,736 533,722 FHLB borrowings 124,800 — 124,971 — 124,971 Subordinated debentures, net 9,800 — — 9,874 9,874 Accrued interest payable 706 — 706 — 706

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	12 Months Ended
	Dec. 31, 2020
Revenue From Contract With Customer [Abstract]
Summary of Total Non-interest Income	The following table illustrates total non-interest income segregated by revenues within the scope of ASC 606 and those which are within the scope of other ASC Topics: Year Ended December 31, (Dollars in thousands) 2020 2019 Service fees on deposit accounts $ 905 $ 651 Bank and purchase card revenue 1,297 572 Payroll processing income 974 980 Revenue from contracts with customers 3,176 2,203 Non-interest income within scope of other ASC topics 53,648 16,593 Total noninterest income $ 56,824 $ 18,796

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Summary of Company's Leases	The following tables present information about the Company’s leases: (Dollars in thousands) December 31, 2020 Lease liabilities $ 5,506 Right-of-use assets, net $ 5,328 Weighted average remaining lease term 5.7 years Weighted average discount rate 2.79 %
Summary of Lease Liabilities are Included within Other Liabilities	Lease liabilities are included within other liabilities on the consolidated balance sheets. Year Ended December 31, Lease Cost (dollars in thousands) 2020 2019 Operating lease cost $ 1,731 $ 1,523 Total lease cost $ 1,731 $ 1,523 Cash paid for amounts included in the measurement of lease liabilities $ — $ 1,441
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 for the periods stated is as follows: (Dollars in thousands) December 31, 2020 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 655 Twelve months ending December 31, 2025 492 Thereafter 1,486 Total undiscounted cash flows 6,054 Discount (548 ) Lease liabilities $ 5,506

Minimum Regulatory Capital Re_2

Minimum Regulatory Capital Requirements (Tables)	12 Months Ended
	Dec. 31, 2020
Regulatory Matters [Abstract]
Summary of Capital Requirements Administered by Banking Agencies Capital Ratios	The Bank continues to be subject to various capital requirements administered by banking agencies. Capital ratios for the Bank as of December 31, 2020 and 2019 are shown in the following table: Actual For Capital Adequacy Purposes (1) To Be Well Capitalized Under the Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2020 Total risk based capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 109,219 13.10 % $ 87,574 10.50 % $ 83,404 10.00 % Tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 98,751 11.84 % $ 70,893 8.50 % $ 66,723 8.00 % Common equity tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 98,751 11.84 % $ 58,383 7.00 % $ 54,213 6.50 % Tier 1 leverage (To average assets) Blue Ridge Bank, N.A. $ 98,751 8.34 % $ 76,934 4.00 % $ 59,180 5.00 % Actual For Capital Adequacy Purposes (1) To Be Well Capitalized Under the Prompt Corrective Action Provisions (Dollars in thousands) Amount Ratio Amount Ratio Amount Ratio As of December 31, 2019 Total risk based capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 79,911 11.82 % $ 71,007 10.50 % $ 67,626 10.00 % Tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 75,339 11.14 % $ 57,482 8.50 % $ 54,101 8.00 % Common equity tier 1 capital (To risk-weighted assets) Blue Ridge Bank, N.A. $ 75,339 11.14 % $ 47,338 7.00 % $ 43,957 6.50 % Tier 1 leverage (To average assets) Blue Ridge Bank, N.A. $ 75,339 8.00 % $ 61,216 4.00 % $ 47,090 5.00 % (1) Except with regard to the Bank’s Tier 1 to average assets (leverage) ratio, the minimum capital requirements includes the Basel III Capital Rules capital conservation buffer.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2020
Related Party Transactions [Abstract]
Summary of Loan Transactions with Related Parties	Loan transactions with such related parties are shown in the following schedule: (Dollars in thousands) 2020 2019 Total loans, beginning of year $ 14,168 $ 9,608 Advances 12,472 7,916 Curtailments (12,683 ) (3,356 ) Total loans, end of year $ 13,957 $ 14,168

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Earnings Per Share [Abstract]
Summary of Computation of Basic and Diluted EPS	The following table shows the calculation of basic and diluted EPS and the weighted average number of shares outstanding used in computing EPS and the effect on the weighted average number of shares outstanding of dilutive potential common stock. Basic EPS amounts are computed by dividing net income (the numerator) by the weighted average number of common shares outstanding (the denominator). Diluted EPS amounts assume the conversion, exercise, or issuance of all potential common stock instruments, unless the effect is to reduce the loss or increase earnings per common share. The Company had no dilutive common shares outstanding as of and for the years ended December 31, 2020 and 2019. For the years ended December 31, (Dollars in thousands, except per share data) 2020 2019 Net income $ 17,697 $ 4,604 Net income attributable to noncontrolling interest (1 ) (24 ) Net income available to common shareholders $ 17,696 $ 4,580 Weighted average common shares outstanding, basic 5,690,404 4,146,980 Effect of dilutive securities — — Weighted average common shares outstanding, dilutive 5,690,404 4,146,980 Basic and diluted earnings per common share $ 3.11 $ 1.10

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Schedule of Difference Between Provision for Income Taxes and Amounts Computed by Applying Statutory Federal Income Tax Rate to Income Before Income Taxes	The difference between the provision for income taxes and the amounts computed by applying the statutory federal income tax rate of 21% for 2020 and 2019 to income before income taxes is summarized below: (Dollars in thousands) 2020 2019 Income tax at federal statutory rate $ 4,725 21.0 % $ 1,171 21.0 % Increase (decrease) resulting from: State income taxes, net of federal tax effect 34 0.2 % — (— %) Tax-exempt interest income (20 ) (0.1 %) (74 ) (1.3 %) Income from life insurance (82 ) (0.4 %) (196 ) (3.5 %) Merger-related expenses 174 0.8 % 188 3.4 % Other permanent differences (31 ) (0.1 %) (116 ) (2.2 %) Provision for income taxes $ 4,800 21.4 % $ 973 17.4 %
Schedule of Significant Components of Provision for Income Taxes	The significant components of the provision for income taxes for the years ended December 31, 2020 and 2019 were as follows: (Dollars in thousands) 2020 2019 Current tax provision Federal $ 6,437 $ 1,058 State 43 — Total current tax provision 6,480 1,058 Deferred tax benefit Federal (1,680 ) (85 ) State — — Total deferred tax provision (1,680 ) (85 ) Provision for income taxes $ 4,800 $ 973
Schedule of Significant Components of Deferred Taxes	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. Significant components of deferred taxes at December 31, 2020 and 2019 were as follows: (Dollars in thousands) 2020 2019 Deferred tax assets relating to: Allowance for loan losses $ 2,478 $ 414 Compensation differences 892 19 Reserve for loan sale buy backs 341 — Acquisition accounting 255 591 Loan origination costs 81 153 Pass-through entities 252 173 Unrealized losses on swaps and securities available for sale 108 — Other 191 341 Total deferred tax assets 4,598 1,691 Deferred tax liabilities relating to: Premises and equipment (1,532 ) (1,473 ) Core deposit and customer based intangible assets (464 ) (355 ) Mortgage servicing rights (1,488 ) — Unrealized gains on swaps and securities available for sale — (53 ) Other (25 ) (561 ) Total deferred tax liabilities (3,509 ) (2,442 ) Net deferred tax asset (liability), included in other assets (liabilities) $ 1,089 $ (751 )

Business Segments (Tables)

Business Segments (Tables)	12 Months Ended
	Dec. 31, 2020
Segment Reporting [Abstract]
Summary of Segment Reporting Information by Segment	Year Ended December 31, 2020 (Dollars in thousands) Blue Ridge Bank, N.A. Blue Ridge Bank Mortgage Division Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 51,020 $ 3,314 $ 126 $ — $ 54,460 Service charges on deposit accounts 905 — — — 905 Residential mortgage banking income, net — 44,460 — — 44,460 Mortgage servicing rights — 7,084 — — 7,084 Gain on sale of guaranteed USDA loans 880 — — — 880 Income from investment in life insurance contracts 390 — — — 390 Payroll processing revenue 974 — — — 974 Other income 2,165 — — (34 ) 2,131 Total income 56,334 54,858 126 (34 ) 111,284 Expenses: Interest expense 8,331 354 1,265 — 9,950 Provision for loan losses 10,450 — — — 10,450 Salary and benefits 14,217 31,201 — — 45,418 Other operating expenses 12,574 8,075 2,354 (34 ) 22,969 Total expense 45,572 39,630 3,619 (34 ) 88,787 Income (loss) before income taxes 10,762 15,228 (3,493 ) — 22,497 Income tax expense 2,162 3,337 (699 ) — 4,800 Net income (loss) $ 8,600 $ 11,891 $ (2,794 ) $ — $ 17,697 Net (income) loss attributable to noncontrolling interest $ (1 ) $ — $ — $ — $ (1 ) Net income (loss) attributable to Blue Ridge Bankshares, Inc. $ 8,599 $ 11,891 $ (2,794 ) $ — $ 17,696 Year Ended December 31, 2019 (Dollars in thousands) Blue Ridge Bank Blue Ridge Bank Mortgage Division Parent Only Eliminations Blue Ridge Bankshares, Inc. Consolidated Revenues: Interest income $ 29,640 $ 1,243 $ 5 $ — $ 30,888 Service charges on deposit accounts 651 — — — 651 Residential mortgage banking income, net — 14,433 — — 14,433 Gain on sale of guaranteed USDA loans 298 — — — 298 Income from investment in life insurance contracts 936 — — — 936 Payroll processing revenue 980 — — — 980 Other income 1,416 — 110 (28 ) 1,498 Total income 33,921 15,676 115 (28 ) 49,684 Expenses: Interest expense 8,132 679 709 — 9,520 Provision for loan losses 1,742 — — — 1,742 Salary and benefits 13,890 5,438 — — 19,328 Other operating expenses 3,016 8,959 1,570 (28 ) 13,517 Total expense 26,780 15,076 2,279 (28 ) 44,107 Income (loss) before income taxes 7,141 600 (2,164 ) — 5,577 Income tax expense 1,183 162 (372 ) — 973 Net income (loss) $ 5,958 $ 438 $ (1,792 ) $ — $ 4,604 Net (income) loss attributable to noncontrolling interest $ (24 ) $ — $ — $ — $ (24 ) Net income (loss) attributable to Blue Ridge Bankshares, Inc. $ 5,934 $ 438 $ (1,792 ) $ — $ 4,580

Parent Company Only Financial_2

Parent Company Only Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2020
Statement Of Financial Position [Abstract]
Summary of Parent Company Only Condensed Statements of Financial Condition	PARENT COMPANY ONLY CONDENSED BALANCE SHEETS As of December 31, 2020 and 2019 (dollars in thousands) Assets 2020 2019 Cash and due from banks $ 2,174 $ 934 Investment in subsidiary 121,808 100,330 Securities available for sale, at fair value 6,312 — Restricted equity investments, at cost 2,274 911 Accrued interest receivable 119 — Other assets 354 336 Total assets $ 133,041 $ 102,511 Liabilities Accrued expenses $ 204 $ 374 Accrued interest payable 131 $ — Subordinated debentures, net of issuance costs 24,506 9,800 Total liabilities 24,841 10,174 Stockholders' equity $ 108,200 $ 92,337 Total liabilities and stockholders' equity $ 133,041 $ 102,511
Summary of Parent Company Only Condensed Statements of Income	PARENT COMPANY ONLY CONDENSED STATEMENTS OF INCOME For the Years ended December 31, 2020 and 2019 (dollars in thousands) Income 2020 2019 Dividends from subsidiary $ 800 $ — Interest income 126 5 Gains on securities — 110 Total Income $ 926 $ 115 Expenses Interest on subordinated debentures $ 1,265 $ 709 Professional fees 455 294 Merger expenses 1,732 1,250 Other operating expenses 166 27 Total expenses $ 3,618 $ 2,280 Net loss before income tax benefit and equity in undistributed earnings of subsidiary $ (2,692 ) $ (2,165 ) Income tax benefit (699 ) (372 ) Equity in undistributed earnings of subsidiary 19,689 6,373 Net income $ 17,696 $ 4,580
Summary of Parent Company Only Condensed Statements of Cashflows	PARENT COMPANY ONLY CONDENSED STATEMENTS OF CASH FLOWS For the Years ended December 31, 2020 and 2019 (dollars in thousands) Cash flows from operating activities 2020 2019 Net income $ 17,696 $ 4,580 Equity in undistributed earnings of subsidiary (19,689 ) (6,373 ) Deferred income tax (benefit) expense (62 ) (19 ) Amortization of subordinated debt issuance costs 54 33 Realized gains on securities sales — 110 Increase in other assets (139 ) (206 ) Decrease in accrued expenses (39 ) — Net cash used in operating activities (2,179 ) (1,875 ) Cash flows from investing activities Purchases of securities available-for-sale (6,000 ) (161 ) Net change in investments (1,363 ) — Proceeds from sales of securities available for sale — 66 Cash contributed to Bank (2,000 ) (17,000 ) Net cash used in investing activities (9,363 ) (17,095 ) Cash flows from financing activities Common stock issuance, net of fees 567 22,350 Issuance of subordinated debt 15,000 — Payment of subordinated debt issuance costs (349 ) — Common stock dividends paid (2,436 ) (2,473 ) Net cash provided by financing activities 12,782 19,877 Net increase in cash and cash equivalents 1,240 907 Cash and cash equivalents, beginning of year 934 27 Cash and cash equivalents, end of year $ 2,174 $ 934 Cash paid for: Interest $ 1,190 $ 709 Income taxes $ 2,000 $ 1,020 Non-cash investing and financing activities: Unrealized gain on available-for-sale securities $ 358 $ 217 Issuance of restricted stock awards, net of forfeitures $ 567 $ 230

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income, Net (Tables)	12 Months Ended
	Dec. 31, 2020
Accumulated Other Comprehensive Income Loss Net Of Tax [Abstract]
Components of Accumulated Other Comprehensive Income (Loss)	The components of accumulated other comprehensive income (loss) are shown in the following table: Net Unrealized Gains (Losses) on Available for sale Securities Transfer of Held to- maturity Securities to Available for-sale Net Unrealized Gains (Losses) on Interest Rate Swaps Gains Realized in net income Accumulated Other Comprehensive Income (Loss), net Balance, December 31, 2018 $ (614 ) $ — $ — $ (4 ) $ (618 ) Change in net unrealized holding gains on securities available-for-sale, net of tax expense of $370 1,397 — — — 1,397 Change in net unrealized holding losses on interest rate swaps, net of tax benefit of $51 — — (194 ) — (194 ) Gains realized in income, net of tax expense of $95 — — — (356 ) (356 ) Balance, December 31, 2019 783 — (194 ) (360 ) 229 Change in net unrealized holding gains on securities available-for-sale, net of tax expense of $103 388 — — — 388 Transfer of securities held-to-maturity to available-for-sale, net of tax expense of $113 — 425 — — 425 Change in net unrealized holding losses on interest rate swaps, net of tax benefit of $163 — — (611 ) — (611 ) Gains realized in income, net of tax expense of $44 — — — (167 ) (167 ) Balance, December 31, 2020 $ 1,171 $ 425 $ (805 ) $ (527 ) $ 264

Subsequent Events (Tables)

Subsequent Events (Tables)	12 Months Ended
	Dec. 31, 2020
Subsequent Events [Abstract]
Summary of Effect of Three-for-Two Stock Split on Common Shares Outstanding	The following table presents the effect of the three-for-two stock split on common shares outstanding as of the periods stated. As of December 31, (unaudited) 2020 2019 Common stock outstanding, post-split basis 8,577,932 8,487,878 Basic and diluted earnings per common share, post-split basis $ 2.07 $ 0.74 Dividends per share on common stock, post-split basis $ 0.29 $ 0.38

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Summary Of Significant Accounting Policies [Line Items]
Loans held for sale	$ 178,598,000	$ 55,646,000
Allowance for loan losses	13,827,000	4,572,000	$ 3,580,000
Impairment of goodwill	$ 0	$ 0
Dilutive common shares outstanding	0	0
Premises, Furniture and Equipment [Member] | Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Premises, Furniture and Equipment [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	40 years
Leasehold Improvements [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	improvements or the lease term
Purchased Computer Software [Member] | Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	1 year
Purchased Computer Software [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Estimated useful lives	3 years
Virginia Community Bankshares, Inc [Member]
Summary Of Significant Accounting Policies [Line Items]
Allowance for loan losses	$ 0
Residential Mortgage Loan [Member] | Third Party Financial Institution [Member]
Summary Of Significant Accounting Policies [Line Items]
Loans held for sale	$ 30,400,000	$ 18,100,000

Business Combinations - Additio

Business Combinations - Additional Information (Detail) - $ / shares	Dec. 15, 2019	Dec. 31, 2020
Business Acquisition [Line Items]
Cash per share received by share holders	$ 58
Common stock shares received by shareholders	3.05
Core Deposits [Member]
Business Acquisition [Line Items]
Amortized over an estimated useful life		10 years

Business Combinations - Summary

Business Combinations - Summary of Assets Received and Liabilities Assumed and Related Adjustments (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 15, 2019
Assets
Cash and due from banks			$ 9,679
Investment securities available-for-sale			42,949
Restricted equity securities			303
Loans			172,996
Premises and equipment			9,732
Accrued interest receivable			864
Core deposit intangible			1,690
Other assets			8,619
Total assets acquired			246,832
Liabilities
Deposits			218,072
Other liabilities			1,297
Total liabilities assumed			219,369
Net assets acquired			27,463
Total consideration paid			44,048
Goodwill	$ 19,892	$ 19,915	16,585
Net assets acquired			27,463
Virginia Community Bankshares, Inc [Member]
Assets
Cash and due from banks			9,679
Investment securities available-for-sale			43,419
Restricted equity securities			303
Loans			173,872
Premises and equipment			6,436
Other real estate owned			87
Accrued interest receivable			864
Other assets			8,069
Total assets acquired			242,729
Liabilities
Deposits			217,953
Other liabilities			1,297
Total liabilities assumed			219,250
Goodwill	$ 16,585	$ 16,608
Adjustments [Member]
Assets
Investment securities available-for-sale			(470)
Loans			(876)
Premises and equipment			3,296
Other real estate owned			(87)
Core deposit intangible			1,690
Other assets			550
Total assets acquired			4,103
Liabilities
Deposits			119
Total liabilities assumed			$ 119

Business Combinations - Summa_2

Business Combinations - Summary of Assets Received and Liabilities Assumed and Related Adjustments (Parenthetical) (Detail) $ in Thousands	Dec. 15, 2019USD ($)
Explanation of adjustments
Estimated fair value of loans	$ 2,295
VCB's [Member]
Explanation of adjustments
Elimination of allowance for loan and lease losses	$ 1,419

Business Combinations - Summa_3

Business Combinations - Summary of Consideration Paid (Detail) $ in Thousands	Dec. 15, 2019USD ($)
Business Combinations [Abstract]
Common stock issued (1,312,919 shares)	$ 27,402
Cash payments to common shareholders	16,646
Total consideration paid	$ 44,048

Business Combinations - Summa_4

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

Investment Securities and Oth_3

Investment Securities and Other Investments - Summary of Amortized Cost and Fair Values of Investment Securities (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	$ 108,661	$ 108,037
Available for sale, Gross Unrealized Gains	1,423	741
Available for sale, Gross Unrealized Losses	609	207
Available for sale, Fair Value	109,475	108,571
Held to maturity, Amortized Cost		12,192
Held to maturity, Fair Value		12,654
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	14,069
Available for sale, Gross Unrealized Gains	258
Available for sale, Gross Unrealized Losses	68
Available for sale, Fair Value	14,259
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
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	91	51
Available for sale, Fair Value	2,409	2,449
Mortgage Backed Securities [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	72,337	94,983
Available for sale, Gross Unrealized Gains	696	654
Available for sale, Gross Unrealized Losses	398	152
Available for sale, Fair Value	72,635	95,485
Corporate Bonds [Member]
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Available for sale, Amortized Cost	19,755	10,554
Available for sale, Gross Unrealized Gains	469	87
Available for sale, Gross Unrealized Losses	52	4
Available for sale, Fair Value	$ 20,172	$ 10,637

Investment Securities and Oth_4

Investment Securities and Other Investments - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)Security	Dec. 31, 2019USD ($)Security
Schedule Of Investments [Line Items]
Securities pledged with Federal Reserve Bank of Richmond | Security	0	0
Proceeds from sales, calls and maturities of available-for-sale	$ 53,595,000	$ 44,397,000
Realized gain on sales, calls and maturities of available-for-sale	211,000	451,000
Proceeds from calls, maturities, sales, paydowns and maturities of securities held to maturity	1,212,000	3,280,000
Unrealized gain (loss) on held-to-maturity securities	0	0
Held-to-maturity securities transferred to available for sale	11,000,000
Federal home loan bank stock	5,800,000	6,000,000
Federal reserve bank stock	2,200,000	963,000
Correspondent bank stock	248,000	248,000
Other investments	3,000,000	911,000
Restricted investments	11,200,000	8,100,000
Federal Home Loan Bank of Atlanta [Member]
Schedule Of Investments [Line Items]
Securities pledged	29,400,000	55,700,000
Treasury Board Commonwealth of Virginia [Member]
Schedule Of Investments [Line Items]
Securities pledged	$ 12,500,000	$ 12,000,000

Investment Securities and Oth_5

Investment Securities and Other Investments - Summary of Fair Value and Gross Unrealized Losses of Securities in Continuous Unrealized Loss Position (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Schedule Of Available For Sale And Held To Maturity Securities [Line Items]
Fair Value, Less Than 12 Months, Total	$ 29,308	$ 28,234
Unrealized Losses, Less than 12 Months, Total	(231)	(84)
Fair Value, 12 Months or Greater, Total	10,547	8,193
Unrealized Losses, 12 Months or Greater, Total	(378)	(125)
Fair Value, Total	39,855	36,427
Unrealized Losses, Total	(609)	(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	3,111	333
Held to maturity, Unrealized Losses, Less Than 12 Months	(68)	(2)
Fair Value, Total	3,111	333
Unrealized Losses, Total	(68)	(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	2,410
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(91)
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	2,410	1,949
Unrealized Losses, Total	(91)	(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	20,545	27,901
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(65)	(82)
Available-for-sale Securities, Fair Value, 12 Months or Greater	8,592	5,348
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(333)	(70)
Fair Value, Total	29,137	33,249
Unrealized Losses, Total	(398)	(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	3,242
Available-for-sale Securities, Unrealized Losses, Less Than 12 Months	(7)
Available-for-sale Securities, Fair Value, 12 Months or Greater	1,955	896
Available-for-sale Securities, Unrealized Losses, 12 months or Greater	(45)	(4)
Fair Value, Total	5,197	896
Unrealized Losses, Total	$ (52)	$ (4)

Investment Securities and Oth_6

Investment Securities and Other Investments - Summary of Investments Classified by Contractual Maturity Date (Detail) $ in Thousands	Dec. 31, 2020USD ($)
Schedule Of Investments [Abstract]
Securities Available for Sale, Amortized Cost, Due in one year or less	$ 3,427
Securities Available for Sale, Amortized Cost, Due after one year through five years	6,305
Securities Available for Sale, Amortized Cost, Due after five years through ten years	32,003
Securities Available for Sale, Amortized Cost, Due after ten years	66,926
Securities Available for Sale, Amortized Cost, Total	108,661
Securities Available for Sale, Fair Value, Due in one year or less	930
Securities Available for Sale, Fair Value, Due after one year through five years	6,963
Securities Available for Sale, Fair Value, Due after five years through ten years	34,057
Securities Available for Sale, Fair Value, Due after ten years	67,525
Securities Available for Sale, Fair Value, Total	$ 109,475

Loans and Allowance for Loan _3

Loans and Allowance for Loan Losses - Summary of Loans Held for Investment (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 995,298	$ 647,572
Less: Unearned income and deferred costs	(4,271)	(738)
Total	991,027	646,834
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	93,286	77,728
Paycheck Protection Program [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	292,068
Construction, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	54,702	38,039
Construction, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	18,040	26,778
Mortgage, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	273,499	251,824
Mortgage, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	213,404	208,494
Mortgage, Farmland [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	3,615	5,507
Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans	$ 46,684	$ 39,202

Loans and Allowance for Loan _4

Loans and Allowance for Loan Losses - Additional Information (Detail)	1 Months Ended	3 Months Ended	12 Months Ended
	Apr. 30, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2020USD ($)Loan	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Loans and Leases Receivable Disclosure [Line Items]
Gross loans			$ 995,298,000	$ 647,572,000
Loans acquired			12,605,000	19,687,000
Bad debts recovered			310,000	211,000
Specific impairment			2,331,000	1,408,000
Allowance for loan losses			13,827,000	4,572,000	$ 3,580,000
Nonperforming trouble debt restructuring			142,000	144,000
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			2,100,000
Specific impairment			190,000
FHLB [Member]
Loans and Leases Receivable Disclosure [Line Items]
Loans held for investment pledged			213,300,000	$ 146,100,000
Payment Deferral [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans			$ 110,600,000
Number of loan deferrals | Loan			550
Number of loan deferrals delay in payment | Loan			8
Loan deferral amount delay in payment			$ 6,300,000
Paycheck Protection Program [Member]
Loans and Leases Receivable Disclosure [Line Items]
Payrolls and other operating expenses	$ 650,000,000,000
Loans and lease receivable prior period	2 years
Loans and lease receivable subsequent period	5 years
Percentage of Loans receivable interest rate	1.00%
Percentage of loan earned processing fee one rate	1.00%
Percentage of loan earned processing fee two rate	3.00%
Percentage of loan earned processing fee three rate	5.00%
Loans and leases receivable originated			363,400,000
Loans and leases receivable forgiven			71,300,000
Gross loans			292,068,000
Loans and leases receivable of processing fees, net of agent fees			11,500,000
Loans and leases receivable of interest income			$ 2,400,000
Number of loans | Loan			2,400
Loans and leases receivable recognized interest income			$ 7,900,000
Allowance for loan losses			$ 0

Loans and Allowance for Loan _5

Loans and Allowance for Loan Losses - Summary of Past Due Loan Portfolio Relates to Certain High-Risk Industries Impacted by COVID-19 (Detail) - High-Risk Industries [Member] - COVID-19 [Member] $ in Thousands	Dec. 31, 2020USD ($)Borrower
Financing Receivable, Past Due [Line Items]
Number of Borrowers | Borrower	88
Loans past due | $	$ 57,767
Hotels and Motels [Member]
Financing Receivable, Past Due [Line Items]
Number of Borrowers | Borrower	15
Loans past due | $	$ 34,617
Bed and Breakfasts [Member]
Financing Receivable, Past Due [Line Items]
Number of Borrowers | Borrower	5
Loans past due | $	$ 2,739
All Other Traveler Accommodations [Member]
Financing Receivable, Past Due [Line Items]
Number of Borrowers | Borrower	5
Loans past due | $	$ 4,392
Full-Service Restaurants [Member]
Financing Receivable, Past Due [Line Items]
Number of Borrowers | Borrower	15
Loans past due | $	$ 4,202
Limited-Service Restaurants [Member]
Financing Receivable, Past Due [Line Items]
Number of Borrowers | Borrower	12
Loans past due | $	$ 4,737
Religious Organizations [Member]
Financing Receivable, Past Due [Line Items]
Number of Borrowers | Borrower	36
Loans past due | $	$ 7,080

Loans and Allowance for Loan _6

Loans and Allowance for Loan Losses - Acquired Loans Included in Consolidated Statement of Condition (Detail) - Virginia Community Bankshares, Inc [Member] - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable Impaired [Line Items]
Outstanding principal balance	$ 98,579	$ 173,783
Carrying amount	97,402	171,466
PCI Loans Evaluated Individually for Future Credit Losses [Member]
Financing Receivable Impaired [Line Items]
Outstanding principal balance	1,278	1,504
Carrying amount	1,085	1,315
Other Acquired Loans [Member]
Financing Receivable Impaired [Line Items]
Outstanding principal balance	97,301	172,279
Carrying amount	$ 96,317	$ 170,151

Loans and Allowance for Loan _7

Loans and Allowance for Loan Losses - Summary of Changes in Accretable Yield on Purchased Credit Impaired Loans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Receivables [Abstract]
Balance, beginning of period	$ 188
Accretable yield at acquisition date		$ 190
Additions	(22)
Accretion	(56)	(3)
Other changes, net	84	1
Balance, end of period	$ 194	$ 188

Loans and Allowance for Loan _8

Loans and Allowance for Loan Losses - Summary of Purchased Loans (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	$ 12,605	$ 19,687
Commercial and Industrial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	549	1,272
Consumer Loans [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	58	99
Real Estate [Member] | Construction, Commercial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans		1,397
Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	4,545	6,844
Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable, Allowance for Credit Loss [Line Items]
Purchase loans	$ 7,453	$ 10,075

Loans and Allowance for Loan _9

Loans and Allowance for Loan Losses - Summary of Financing Receivable, Past Due (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Past Due [Line Items]
Nonaccrual	$ 6,583	$ 4,790
Total Past Due & Nonaccrual	11,545	12,904
Gross loans	995,298	647,572
Less: Unearned income and deferred costs	(4,271)	(738)
Total	991,027	646,834
30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	4,371	7,120
60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	545	625
Greater than 90 Days Past Due & Accruing [Member]
Financing Receivable, Past Due [Line Items]
Days past due	46	369
Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	979,482	633,930
Less: Unearned income and deferred costs	(4,271)	(738)
Commercial and Industrial [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	1,310	441
Total Past Due & Nonaccrual	2,427	2,093
Gross loans	93,286	77,728
Commercial and Industrial [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	1,117	1,652
Commercial and Industrial [Member] | Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	90,859	75,635
Paycheck Protection Program [Member]
Financing Receivable, Past Due [Line Items]
Gross loans	292,068
Paycheck Protection Program [Member] | Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	292,068
Construction, Commercial [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual		929
Total Past Due & Nonaccrual		1,749
Gross loans	54,702	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] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	54,702	36,290
Construction, Residential [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Total Past Due & Nonaccrual	262	241
Gross loans	18,040	26,778
Construction, Residential [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	262	241
Construction, Residential [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	17,778	26,537
Mortgage, Commercial [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	3,643	1,931
Total Past Due & Nonaccrual	4,849	5,125
Gross loans	273,499	251,824
Mortgage, Commercial [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	995	3,194
Mortgage, Commercial [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	211
Mortgage, Commercial [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	268,650	246,699
Mortgage, Residential [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	916	713
Total Past Due & Nonaccrual	2,024	1,618
Gross loans	213,404	208,494
Mortgage, Residential [Member] | 30-59 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	1,062	319
Mortgage, Residential [Member] | 60-89 Days Past Due [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due		217
Mortgage, Residential [Member] | Greater than 90 Days Past Due & Accruing [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Days past due	46	369
Mortgage, Residential [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	211,380	206,876
Mortgage, Farmland [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Gross loans	3,615	5,507
Mortgage, Farmland [Member] | Current Loans [Member] | Real Estate [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	3,615	5,507
Consumer Loans [Member]
Financing Receivable, Past Due [Line Items]
Nonaccrual	714	776
Total Past Due & Nonaccrual	1,983	2,078
Gross loans	46,684	39,202
Consumer Loans [Member] | 30-59 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	935	894
Consumer Loans [Member] | 60-89 Days Past Due [Member]
Financing Receivable, Past Due [Line Items]
Days past due	334	408
Consumer Loans [Member] | Current Loans [Member]
Financing Receivable, Past Due [Line Items]
Current Loans	$ 44,701	$ 37,124

Loans and Allowance for Loan_10

Loans and Allowance for Loan Losses - Summary of Allowance for Loans Losses (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	$ 4,572	$ 3,580
Charge-offs	(1,505)	(961)
Recoveries	310	211
Net charge-offs	(1,195)	(750)
Provision for loan losses	10,450	1,742
Allowance, end of period	13,827	4,572
Commercial and Industrial [Member]
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	841	572
Charge-offs	(6)	(43)
Recoveries	41
Provision for loan losses	2,886	312
Allowance, end of period	3,762	841
Consumer Loans [Member]
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	1,328	1,213
Charge-offs	(994)	(914)
Recoveries	261	205
Provision for loan losses	2,646	824
Allowance, end of period	3,241	1,328
Real Estate, Mortgage [Member]
Financing Receivable Impaired [Line Items]
Charge-offs	(505)	(4)
Recoveries	$ 8	$ 6

Loans and Allowance for Loan_11

Loans and Allowance for Loan Losses - Summary of Primary Segments of ALLL, Loans Individually and Collectively Evaluated for Impairment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	$ 4,572	$ 3,580
Charge-offs	(1,505)	(961)
Recoveries	310	211
Provision for loan losses	10,450	1,742
Allowance, end of period	13,827	4,572
Individually evaluated for impairment	144	241
Collectively evaluated for impairment	13,683	4,331
Commercial and Industrial [Member]
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	841	572
Charge-offs	(6)	(43)
Recoveries	41
Provision for loan losses	2,886	312
Allowance, end of period	3,762	841
Individually evaluated for impairment	144	143
Collectively evaluated for impairment	3,618	698
Construction, Commercial [Member] | Real Estate [Member]
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	220	112
Provision for loan losses	740	108
Allowance, end of period	960	220
Collectively evaluated for impairment	960	220
Construction, Residential [Member] | Real Estate [Member]
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	60	56
Provision for loan losses	90	4
Allowance, end of period	150	60
Collectively evaluated for impairment	150	60
Mortgage, Commercial [Member] | Real Estate [Member]
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	1,604	1,180
Charge-offs	(505)	(3)
Provision for loan losses	3,116	427
Allowance, end of period	4,215	1,604
Individually evaluated for impairment		98
Collectively evaluated for impairment	4,215	1,506
Mortgage, Residential [Member] | Real Estate [Member]
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	510	434
Charge-offs		(1)
Recoveries	8	6
Provision for loan losses	963	71
Allowance, end of period	1,481	510
Collectively evaluated for impairment	1,481	510
Mortgage, Farmland [Member] | Real Estate [Member]
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	9	13
Provision for loan losses	9	(4)
Allowance, end of period	18	9
Collectively evaluated for impairment	18	9
Consumer Loans [Member]
Financing Receivable Impaired [Line Items]
Allowance, beginning of period	1,328	1,213
Charge-offs	(994)	(914)
Recoveries	261	205
Provision for loan losses	2,646	824
Allowance, end of period	3,241	1,328
Collectively evaluated for impairment	$ 3,241	$ 1,328

Loans and Allowance for Loan_12

Loans and Allowance for Loan Losses - Summary of Loan Portfolio Individually and Collectively Evaluated for Impairment (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	$ 703,230	$ 647,572
Less: Unearned income and deferred costs	(4,271)	(738)
Total, excluding PPP loans	698,959	646,834
Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	93,286	77,728
Construction, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	54,702	38,039
Construction, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	18,040	26,778
Mortgage, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	273,499	251,824
Mortgage, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	213,404	208,494
Mortgage, Farmland [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	3,615	5,507
Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	46,684	39,202
Individually Evaluated for Impairment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	2,331	1,408
Total, excluding PPP loans	2,331	1,408
Individually Evaluated for Impairment [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	234	280
Individually Evaluated for Impairment [Member] | Mortgage, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	1,645	733
Individually Evaluated for Impairment [Member] | Mortgage, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	452	395
Collectively Evaluated for Impairment [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	700,899	646,164
Less: Unearned income and deferred costs	(4,271)	(738)
Total, excluding PPP loans	696,628	645,426
Collectively Evaluated for Impairment [Member] | Commercial and Industrial [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	93,052	77,448
Collectively Evaluated for Impairment [Member] | Construction, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	54,702	38,039
Collectively Evaluated for Impairment [Member] | Construction, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	18,040	26,778
Collectively Evaluated for Impairment [Member] | Mortgage, Commercial [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	271,854	251,091
Collectively Evaluated for Impairment [Member] | Mortgage, Residential [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	212,952	208,099
Collectively Evaluated for Impairment [Member] | Mortgage, Farmland [Member] | Real Estate [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	3,615	5,507
Collectively Evaluated for Impairment [Member] | Consumer Loans [Member]
Loans and Leases Receivable Disclosure [Line Items]
Gross loans, excluding PPP loans	$ 46,684	$ 39,202

Loans and Allowance for Loan_13

Loans and Allowance for Loan Losses - Summary of Impaired Financing Receivables (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable Impaired [Line Items]
Impaired financing receivable, related allowance	$ 144	$ 241
Impaired financing receivable, recorded investment	2,331	1,408
Impaired financing receivable, unpaid principal balance	2,835	1,408
Impaired financing receivable, average recorded investment	2,991	1,547
Impaired financing receivable, interest income recognized	6	14
Commercial and Industrial [Member]
Financing Receivable Impaired [Line Items]
Impaired financing receivable, with an allowance recorded, recorded investment		280
Impaired financing receivable, with an allowance recorded, unpaid principal balance		280
Impaired financing receivable, related allowance		143
Impaired financing receivable, with an allowance recorded, average recorded investment		286
Impaired financing receivable, with an allowance recorded, interest income recognized		2
Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable Impaired [Line Items]
Impaired financing receivable, with no specific allowance recorded, recorded investment	452	395
Impaired financing receivable, with no specific allowance recorded, unpaid principal balance	571	395
Impaired financing receivable, with no specific allowance recorded, average recorded investment	538	527
Impaired financing receivable, with no specific allowance recorded, interest income, accrual method	2	7
Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable Impaired [Line Items]
Impaired financing receivable, with no specific allowance recorded, recorded investment	1,645
Impaired financing receivable, with no specific allowance recorded, unpaid principal balance	2,030
Impaired financing receivable, with no specific allowance recorded, average recorded investment	2,091
Impaired financing receivable, with no specific allowance recorded, interest income, accrual method	4
Impaired financing receivable, with an allowance recorded, recorded investment		733
Impaired financing receivable, with an allowance recorded, unpaid principal balance		733
Impaired financing receivable, related allowance		98
Impaired financing receivable, with an allowance recorded, average recorded investment		734
Impaired financing receivable, with an allowance recorded, interest income recognized		$ 5
Real Estate [Member] | Commercial and Industrial [Member]
Financing Receivable Impaired [Line Items]
Impaired financing receivable, with an allowance recorded, recorded investment	234
Impaired financing receivable, with an allowance recorded, unpaid principal balance	234
Impaired financing receivable, related allowance	144
Impaired financing receivable, with an allowance recorded, average recorded investment	$ 362

Loans and Allowance for Loan_14

Loans and Allowance for Loan Losses - Summary of Accounts Notes Loans and Financing Receivable (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	$ 995,298	$ 647,572
Less: Unearned income and deferred costs	(4,271)	(738)
Total	991,027	646,834
Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	93,286	77,728
Paycheck Protection Program [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	292,068
Consumer Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	46,684	39,202
Grade 1 Prime [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	293,680	3,269
Grade 1 Prime [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	844	1,509
Grade 1 Prime [Member] | Paycheck Protection Program [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	292,068
Grade 1 Prime [Member] | Consumer Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	324	293
Grade 2 Desirable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	10,240	12,423
Grade 2 Desirable [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	484	1,042
Grade 2 Desirable [Member] | Consumer Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	36	72
Grade 3 Good [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	293,903	307,963
Grade 3 Good [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	23,828	35,180
Grade 3 Good [Member] | Consumer Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	17,062	17,872
Grade 4 Acceptable [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	335,717	297,590
Grade 4 Acceptable [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	55,539	37,458
Grade 4 Acceptable [Member] | Consumer Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	28,033	20,067
Grade 5 Pass/Watch [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	41,695	16,482
Grade 5 Pass/Watch [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	7,251	568
Grade 5 Pass/Watch [Member] | Consumer Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	521	116
Grade 6 Special Mention [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,349	3,553
Grade 6 Special Mention [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	4	1,488
Grade 6 Special Mention [Member] | Consumer Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1
Grade 7 Substandard [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	16,714	6,292
Grade 7 Substandard [Member] | Commercial and Industrial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	5,336	483
Grade 7 Substandard [Member] | Consumer Loans [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	707	782
Real Estate [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	54,702	38,039
Real Estate [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	18,040	26,778
Real Estate [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	273,499	251,824
Real Estate [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	213,404	208,494
Real Estate [Member] | Mortgage, Farmland [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,615	5,507
Real Estate [Member] | Grade 1 Prime [Member] | Mortgage, Farmland [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	444	1,467
Real Estate [Member] | Grade 2 Desirable [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	2,143	1,454
Real Estate [Member] | Grade 2 Desirable [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans		139
Real Estate [Member] | Grade 2 Desirable [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,994	4,971
Real Estate [Member] | Grade 2 Desirable [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,583	4,611
Real Estate [Member] | Grade 2 Desirable [Member] | Mortgage, Farmland [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans		134
Real Estate [Member] | Grade 3 Good [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	19,524	24,667
Real Estate [Member] | Grade 3 Good [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	3,073	9,355
Real Estate [Member] | Grade 3 Good [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	128,163	118,488
Real Estate [Member] | Grade 3 Good [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	101,078	100,665
Real Estate [Member] | Grade 3 Good [Member] | Mortgage, Farmland [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,175	1,736
Real Estate [Member] | Grade 4 Acceptable [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	26,324	10,850
Real Estate [Member] | Grade 4 Acceptable [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	8,247	14,331
Real Estate [Member] | Grade 4 Acceptable [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	114,977	114,598
Real Estate [Member] | Grade 4 Acceptable [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	100,601	98,116
Real Estate [Member] | Grade 4 Acceptable [Member] | Mortgage, Farmland [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	1,996	2,170
Real Estate [Member] | Grade 5 Pass/Watch [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	5,916	102
Real Estate [Member] | Grade 5 Pass/Watch [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	6,458	2,953
Real Estate [Member] | Grade 5 Pass/Watch [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	15,799	9,273
Real Estate [Member] | Grade 5 Pass/Watch [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	5,750	3,470
Real Estate [Member] | Grade 6 Special Mention [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	218
Real Estate [Member] | Grade 6 Special Mention [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	2,968	1,935
Real Estate [Member] | Grade 6 Special Mention [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	158	130
Real Estate [Member] | Grade 7 Substandard [Member] | Construction, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	577	966
Real Estate [Member] | Grade 7 Substandard [Member] | Construction, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	262
Real Estate [Member] | Grade 7 Substandard [Member] | Mortgage, Commercial [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	7,598	2,559
Real Estate [Member] | Grade 7 Substandard [Member] | Mortgage, Residential [Member]
Financing Receivable, Credit Quality Indicator [Line Items]
Gross loans	$ 2,234	$ 1,502

Premises and Equipment - Summar

Premises and Equipment - Summary of Premises and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Property Plant And Equipment [Line Items]
Total cost	$ 18,195	$ 16,743
Less: accumulated depreciation	(3,364)	(3,092)
Premises and equipment, net	14,831	13,651
Buildings and Land [Member]
Property Plant And Equipment [Line Items]
Total cost	13,925	12,535
Construction in Progress [Member]
Property Plant And Equipment [Line Items]
Total cost		443
Furniture, Fixtures and Equipment [Member]
Property Plant And Equipment [Line Items]
Total cost	3,945	3,411
Software [Member]
Property Plant And Equipment [Line Items]
Total cost	$ 325	$ 354

Premises and Equipment - Additi

Premises and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Property Plant And Equipment [Abstract]
Depreciation expense	$ 951	$ 539

Goodwill and Intangibles - Addi

Goodwill and Intangibles - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Goodwill [Line Items]
Intangible amortization expense	$ 984	$ 474
Servicing rights of sold loans	846,500
Impairment existed	0
Asset and mortgage loan servicing income	7,100
Mortgage servicing asset	7,100
Mortgage servicing rights assets, fair value	$ 7,300
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 ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 15, 2019
Goodwill [Line Items]
Goodwill	$ 19,892	$ 19,915	$ 16,585
Charlottesville Branch [Member]
Goodwill [Line Items]
Goodwill	366	366
River Bancorp, Inc. [Member]
Goodwill [Line Items]
Goodwill	1,728	1,728
Mortgage Business [Member]
Goodwill [Line Items]
Goodwill	600	600
Hammond Insurance Agency [Member]
Goodwill [Line Items]
Goodwill	613	613
Virginia Community Bankshares, Inc [Member]
Goodwill [Line Items]
Goodwill	$ 16,585	$ 16,608

Goodwill and Intangibles - Sc_2

Goodwill and Intangibles - Schedule of Amortizable Intangible Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Finite Lived Intangible Assets [Line Items]
Net carrying value	$ 2,922
Core Deposits [Member]
Finite Lived Intangible Assets [Line Items]
Gross carrying value	2,776	$ 2,776
Accumulated amortization	1,366	875
Net carrying value	1,410	1,901
Other [Member]
Finite Lived Intangible Assets [Line Items]
Gross carrying value	2,528	2,339
Accumulated amortization	1,016	522
Net carrying value	$ 1,512	$ 1,817

Goodwill and Intangibles - Sc_3

Goodwill and Intangibles - Schedule of Estimated Amortization Expense (Detail) $ in Thousands	Dec. 31, 2020USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
2021	$ 759
2022	593
2023	394
2024	342
2025	293
Thereafter	541
Net carrying value	$ 2,922

Deposits - Additional Informati

Deposits - Additional Information (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Deposits [Line Items]
Deposits	$ 945,109,000	$ 722,030,000
Certificates of deposit with minimum denomination	250,000
Time deposits	251,443,000
Deposits brokered	31,700,000	30,600,000
Certificate Of Deposit Account Registry Service [Member]
Deposits [Line Items]
Time deposits	2,200,000	2,200,000
Certificate Of Deposit Listing Service [Member]
Deposits [Line Items]
Deposits	14,800,000	19,200,000
Certificates Of Deposit [Member]
Deposits [Line Items]
Deposits	$ 95,700,000	$ 82,800,000

Deposits - Scheduled Maturities

Deposits - Scheduled Maturities of Time Deposits (Detail) $ in Thousands	Dec. 31, 2020USD ($)
Deposits [Abstract]
2021	$ 117,792
2022	57,642
2023	28,532
2024	40,541
2025	5,671
2026 and beyond	1,265
Total	$ 251,443

Borrowings - Additional Informa

Borrowings - Additional Information (Detail)	1 Months Ended		3 Months Ended	12 Months Ended
	May 28, 2020USD ($)	Nov. 20, 2015USD ($)	Jun. 30, 2020USD ($)Advance	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Debt Instrument [Line Items]
Federal home loan bank advance				$ 115,000,000	$ 124,800,000
Federal home loan bank stock				5,800,000	6,000,000
Subordinated debt [Member]
Debt Instrument [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 [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Subordinated debt instrument variable interest rate spread		512.80%
Subordinated debt [Member] | SOFR [Member]
Debt Instrument [Line Items]
Subordinated debt instrument variable interest rate spread	587.00%
Subordinated debt [Member] | 2015 Notes [Member]
Debt Instrument [Line Items]
Unamortized debt issuance cost				$ 9,800,000	$ 9,800,000
Effective interest rate				6.86%	6.89%
Percentage reduction in tier 2 capital treatment in each year				20.00%
Subordinated debt [Member] | 2020 Notes [Member]
Debt Instrument [Line Items]
Unamortized debt issuance cost				$ 14,700,000
Effective interest rate				6.17%
Percentage reduction in tier 2 capital treatment in each year				20.00%
Unsecured Lines of Credit [Member]
Debt Instrument [Line Items]
Maximum overnight line of credit facilities available				$ 38,000,000	$ 24,000,000
Overnight line of credit facilities outstanding				$ 0	0
Federal Reserve Paycheck Protection Program Liquidity [Member]
Debt Instrument [Line Items]
Percentage of advances on PPP loan value and term			100.00%
Fixed annual cost basis points			35.00%
Number of advances | Advance			23
Total advances			$ 281,600
Minimum [Member] | Federal Reserve Paycheck Protection Program Liquidity [Member]
Debt Instrument [Line Items]
Borrowing maturity			1 year 2 months 12 days
Maximum [Member] | Federal Reserve Paycheck Protection Program Liquidity [Member]
Debt Instrument [Line Items]
Borrowing maturity			4 years 6 months
FHLB [Member]
Debt Instrument [Line Items]
Federal home loan bank advances, maximum borrowing capacity percentage on assets				30.00%
Federal home loan bank advance				$ 115,000,000	$ 124,800,000
FHLB [Member] | Minimum [Member]
Debt Instrument [Line Items]
Federal home loan bank, advances, interest Rate				0.22%
FHLB [Member] | Maximum [Member]
Debt Instrument [Line Items]
Federal home loan bank, advances, interest Rate				0.25%
FHLB [Member] | Restricted Investments [Member]
Debt Instrument [Line Items]
Federal home loan bank stock				$ 5,800,000
FHLB [Member] | Line of Credit [Member]
Debt Instrument [Line Items]
Federal home loan bank, advances, general debt obligations, amount available				177,100,000
FHLB [Member] | Line of Credit [Member] | 1-4 Family Residential Loans [Member]
Debt Instrument [Line Items]
Assets pledged with federal home loan bank against credit facilities				49,900,000
FHLB [Member] | Line of Credit [Member] | Multi-Family Residential Loans [Member]
Debt Instrument [Line Items]
Assets pledged with federal home loan bank against credit facilities				10,000,000
FHLB [Member] | Line of Credit [Member] | Commercial Real Estate Loans [Member]
Debt Instrument [Line Items]
Assets pledged with federal home loan bank against credit facilities				65,700,000
FHLB [Member] | Line of Credit [Member] | 1-4 Family Residential Loans Held for Sale [Member]
Debt Instrument [Line Items]
Assets pledged with federal home loan bank against credit facilities				23,200,000
FHLB [Member] | Line of Credit [Member] | Securities [Member]
Debt Instrument [Line Items]
Assets pledged with federal home loan bank against credit facilities				28,300,000
FHLB [Member] | Letter of Credit [Member] | Public Deposits with Treasury Board of Virginia [Member]
Debt Instrument [Line Items]
Assets pledged with federal home loan bank against credit facilities				$ 20,000,000

Borrowings - Schedule of Princi

Borrowings - Schedule of Principal on FHLB Borrowings Maturities (Detail) $ in Thousands	Dec. 31, 2020USD ($)
FHLB [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
2021	$ 115,000

Derivative Financial Instrume_3

Derivative Financial Instruments and Hedging Activities - Summary of derivative instruments (Detail) - Interest Rate Swap Agreement [Member] - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Receive Fixed/Pay Variable Swaps [Member]
Derivative [Line Items]
Notional Amount	$ 2,100	$ 2,145
Fair Value	339	185
Pay Fixed/Receive Variable Swaps [Member]
Derivative [Line Items]
Notional Amount	2,100	2,145
Fair Value	$ (339)	$ (185)

Derivative Financial Instrume_4

Derivative Financial Instruments and Hedging Activities - Summary of Identified Hedge Layers (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 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) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Derivative [Line Items]
Cash collateral with counterparties	$ 6,000	$ 880
Derivative assets held for sale	154,300
Mortgage derivative asset	5,293	591
Mortgage derivative liability	1,600	$ 2
Hedged Instrument [Member]
Derivative [Line Items]
Derivative assets held for sale	225,000
Interest Rate Lock Commitments [Member]
Derivative [Line Items]
Notional Amount	$ 97,100
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 Plans - Additi

Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Employee Stock Ownership Plan (ESOP) [Member]
Defined Benefit Plan Disclosure [Line Items]
Shares Issued Under Employee Benefit plan	104,058	79,800
The 401k Profit Sharing Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Expense	$ 1,200	$ 700
Defined contribution plan employees match percentage	100.00%
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	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Non-cash equity compensation	$ 567	$ 230
Restricted stock awards outstanding	127,286
Restricted stock awards, vested	28,219
Restricted stock awards unvested	99,067
Unrecognized expense related to vested award	$ 1,800

Fair Value - Summary of Financi

Fair Value - Summary of Financial Assets Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	$ 109,475	$ 108,571
Mortgage derivative asset	5,293	591
Mortgage derivative liability	1,600	2
Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	109,475	108,571
Fair Value, Recurring [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	109,475	108,571
Mortgage derivative asset	5,293	591
Mortgage derivative liability	1,569	2
Fair Value, Recurring [Member] | State and Municipal [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	14,259
Fair Value, Recurring [Member] | Interest Rate Swap Agreement [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest rate swap asset	1,716	185
Interest rate swap liability	2,735	430
Fair Value, Recurring [Member] | U.S. Treasury and Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	2,409	2,449
Fair Value, Recurring [Member] | Mortgage Backed Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	72,635	95,485
Fair Value, Recurring [Member] | Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	20,172	10,637
Fair Value, Recurring [Member] | Level 2 [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	109,475	108,571
Mortgage derivative asset	5,293	591
Mortgage derivative liability	1,569	2
Fair Value, Recurring [Member] | Level 2 [Member] | State and Municipal [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	14,259
Fair Value, Recurring [Member] | Level 2 [Member] | Interest Rate Swap Agreement [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Interest rate swap asset	1,716	185
Interest rate swap liability	2,735	430
Fair Value, Recurring [Member] | Level 2 [Member] | U.S. Treasury and Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	2,409	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]
Securities available for sale	72,635	95,485
Fair Value, Recurring [Member] | Level 2 [Member] | Corporate Bonds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Securities available for sale	$ 20,172	$ 10,637

Fair Value - Additional Informa

Fair Value - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020USD ($)
Servicing Assets At Fair Value [Line Items]
Servicing rights of sold loans	$ 846,500,000
Weighted average net servicing fee income, Basis points	0.273%
Weighted average prepayment speed assumption used in the fair value	15.81%
Weighted average discount rate	10.18%
Paycheck Protection Program [Member]
Servicing Assets At Fair Value [Line Items]
Credit risk	$ 0
Minimum [Member]
Servicing Assets At Fair Value [Line Items]
Estimated base annual servicing costs	$ 75
Base discount rate	10.00%
Maximum [Member]
Servicing Assets At Fair Value [Line Items]
Estimated base annual servicing costs	$ 90
Base discount rate	13.00%
MSR Assets [Member]
Servicing Assets At Fair Value [Line Items]
Amortized cost of assets	$ 7,084,000
Fair value of assets	$ 7,300,000

Fair Value - Summary of Change

Fair Value - Summary of Change in MSR Assets (Detail) - MSR Assets [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Servicing Assets At Amortized Value [Line Items]
Additions	$ 7,539
Write-offs	(61)
Amortization	(391)
Impairments	(3)
Fair value adjustments	207
Balance, December 31, 2020 - Fair value	7,291
Balance, December 31, 2020 - Amortized cost	$ 7,084

Fair Value - Summary of Assets

Fair Value - Summary of Assets Measured at Fair Value on Nonrecurring Basis (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Other Real Estate Owned Measured at Fair Value on a Nonrecurring Basis Table [Line Items]
Loans held for sale	$ 178,598	$ 55,646
Fair Value, Nonrecurring [Member]
Disclosure of Other Real Estate Owned Measured at Fair Value on a Nonrecurring Basis Table [Line Items]
Impaired loans, net	2,187	1,167
Loans held for sale	178,598	55,646
Fair Value, Nonrecurring [Member] | Level 2 [Member]
Disclosure of Other Real Estate Owned Measured at Fair Value on a Nonrecurring Basis Table [Line Items]
Loans held for sale	178,598	55,646
Fair Value, Nonrecurring [Member] | Level 3 [Member]
Disclosure of Other Real Estate Owned Measured at Fair Value on a Nonrecurring Basis Table [Line Items]
Impaired loans, net	$ 2,187	$ 1,167

Fair Value - Summary of Quantit

Fair Value - Summary of Quantitative Information about Level 3 Fair Value Measurements (Detail) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of Other Real Estate Owned Measured on Nonrecurring Vasis Valuation Techniques [Line Items]
Impaired loans, net	$ 2,187	$ 1,167
Selling Costs [Member]
Disclosure of Other Real Estate Owned Measured on Nonrecurring Vasis Valuation Techniques [Line Items]
Impaired loans, net	$ 2,097	$ 1,167
Valuation Technique	Discounted appraised value	Discounted appraised value
Unobservable Input	Selling costs	Selling costs
Weighted Average	10.00%	10.00%
Discount Rate [Member]
Disclosure of Other Real Estate Owned Measured on Nonrecurring Vasis Valuation Techniques [Line Items]
Impaired loans, net	$ 90
Valuation Technique	Discounted cash flows
Unobservable Input	Discount rate
Weighted Average	6.00%

Fair Value - Summary of Estimat

Fair Value - Summary of Estimated Fair Values and Related Carrying amounts of Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Financial Assets
Cash and due from banks	$ 117,945	$ 60,026	$ 15,026
Securities available for sale	109,475	108,571
Restricted equity investments	11,173	8,134
Cash surrender value of life insurance	15,724	15,321
Securities held to maturity		12,192
Cash surrender value of life insurance	15,724	15,321
Financial Liabilities
Noninterest-bearing deposits	333,051	177,819
FHLB borrowings	115,000	124,800
Subordinated debentures, net	24,506	9,800
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Financial Assets
Cash and due from banks	117,945	60,026
Federal funds sold	775	480
Financial Liabilities
Noninterest-bearing deposits	333,051	177,819
Significant Observable Inputs (Level 2) [Member]
Financial Assets
Securities available for sale	109,475	108,571
Restricted equity investments	11,173	8,143
Accrued interest receivable	5,428	2,590
Cash surrender value of life insurance	15,724	15,321
Securities held to maturity		12,654
Cash surrender value of life insurance	15,724	15,321
Financial Liabilities
Interest-bearing deposits	360,615	364,986
FHLB borrowings	114,983	124,971
FRB borrowings	281,650
Accrued interest payable	626	706
Significant Unobservable Inputs (Level 3) [Member]
Financial Assets
PPP loans receivable, net	288,533
Loans held for investment, net	690,007	643,878
Financial Liabilities
Interest-bearing deposits	257,647	168,736
Subordinated debentures, net	25,830	9,874
Carrying Amount
Financial Assets
Cash and due from banks	117,945	60,026
Federal funds sold	775	480
Securities available for sale	109,475	108,571
Restricted equity investments	11,173	8,143
PPP loans receivable, net	288,533
Loans held for investment, net	688,667	642,262
Accrued interest receivable	5,428	2,590
Cash surrender value of life insurance	15,724	15,321
Securities held to maturity		12,192
Cash surrender value of life insurance	15,724	15,321
Financial Liabilities
Noninterest-bearing deposits	333,051	177,819
Interest-bearing deposits	612,058	544,211
FHLB borrowings	115,000	124,800
FRB borrowings	281,650
Subordinated debentures, net	24,506	9,800
Accrued interest payable	626	706
Fair Value
Financial Assets
Cash and due from banks	117,945	60,026
Federal funds sold	775	480
Securities available for sale	109,475	108,571
Restricted equity investments	11,173	8,143
PPP loans receivable, net	288,533
Loans held for investment, net	690,007	643,878
Accrued interest receivable	5,428	2,590
Cash surrender value of life insurance	15,724	15,321
Securities held to maturity		12,654
Cash surrender value of life insurance	15,724	15,321
Financial Liabilities
Noninterest-bearing deposits	333,051	177,819
Interest-bearing deposits	618,262	533,722
FHLB borrowings	114,983	124,971
FRB borrowings	281,650
Subordinated debentures, net	25,830	9,874
Accrued interest payable	$ 626	$ 706

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Summary of Total Non-interest Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	$ 3,176	$ 2,203
Non-interest income within scope of other ASC topics	53,648	16,593
Total non-interest income	56,824	18,796
Service Fees on Deposit Accounts [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	905	651
Bank and Purchase Card Revenue [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	1,297	572
Payroll Processing Income [Member]
Disaggregation Of Revenue [Line Items]
Revenue from contracts with customers	$ 974	$ 980

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disaggregation Of Revenue [Line Items]
Capitalized contract acquisition cost	$ 0	$ 0
Maximum [Member]
Disaggregation Of Revenue [Line Items]
Capitalized contract cost amortization period	1 year

Leases - Additional Information

Leases - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2020
Leases [Abstract]
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

Leases - Summary of Company's L

Leases - Summary of Company's Leases (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Lease liabilities	$ 5,506
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities
Right-of-use assets, net	$ 5,328	$ 6,620
Weighted average remaining lease term	5 years 8 months 12 days
Weighted average discount rate	2.79%

Leases - Summary of Lease Liabi

Leases - Summary of Lease Liabilities are Included within Other Liabilities (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease cost	$ 1,731	$ 1,523
Total lease cost	$ 1,731	1,523
Cash paid for amounts included in the measurement of lease liabilities		$ 1,441

Leases - Summary of Operating L

Leases - Summary of Operating Lease Liabilities (Detail) $ in Thousands	Dec. 31, 2020USD ($)
Leases [Abstract]
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	655
Twelve months ending December 31, 2025	492
Thereafter	1,486
Total undiscounted cash flows	6,054
Discount	(548)
Lease liabilities	$ 5,506
Operating Lease, Liability, Statement of Financial Position [Extensible List]	Other liabilities

Minimum Regulatory Capital Re_3

Minimum Regulatory Capital Requirements - Additional Information (Detail) $ in Millions	Jul. 31, 2018USD ($)	Aug. 31, 2018USD ($)	Dec. 31, 2020USD ($)	Jun. 30, 2020	Apr. 30, 2020	Mar. 27, 2020	Dec. 31, 2019	Dec. 31, 2016
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Minimum leverage ratio calculated as ratio of Tier 1 capital to average quarterly assets			9.00%
Retained earnings is available to pay dividends			$ 29.8
Community Bank [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Minimum leverage ratio calculated as ratio of Tier 1 capital to average quarterly assets			9.00%			8.00%
Banking organizations with minimum leverage ratios					8
Banking organizations leverage ratios maximum requirement					8
Banking organization maintains leverage ratio minimum					7
Minimum leverage ratio for second through fourth quarters of 2020				8.00%
Minimum leverage ratio for 2021				8.50%
Minimum leverage ratio thereafter				9.00%
Maximum leverage ratio basis points				10.00%
Common Equity Tier 1 Capital [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Capital conservation buffer at base level								0.625%
Capital conservation buffer			2.50%				2.50%
Maximum [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Regulatory capital requirement consolidated total asset	$ 1,000	$ 3,000
Maximum [Member] | Community Bank [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Temporary transition leverage ratios requirement					9.00%
Minimum [Member] | Community Bank [Member]
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Temporary transition leverage ratios requirement					8.00%

Minimum Regulatory Capital Re_4

Minimum Regulatory Capital Requirements - Summary of Capital Requirements Administered by Banking Agencies Capital Ratios (Detail) - Blue Ridge Bank, N.A [Member] $ in Thousands	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Compliance With Regulatory Capital Requirements Under Banking Regulations [Line Items]
Total risk based capital, Actual Amount	$ 109,219	$ 79,911
Total risk based capital, Actual Ratio	13.10	11.82
Total risk based capital, For Capital Adequacy Purposes Amount	$ 87,574	$ 71,007
Total risk based capital, For Capital Adequacy Purposes Ratio	10.50	10.50
Total risk based capital, To Be Well Capitalized Under the Prompt Corrective Action Provisions Amount	$ 83,404	$ 67,626
Total risk based capital, To Be Well Capitalized Under the Prompt Corrective Action Provisions Ratio	10	10
Tier 1 capital to risk-weighted assets, Actual Amount	$ 98,751	$ 75,339
Tier 1 capital to risk-weighted assets, Actual Ratio	11.84	11.14
Tier 1 capital to risk-weighted assets, For Capital Adequacy Purposes Amount	$ 70,893	$ 57,482
Tier 1 capital to risk-weighted assets, For Capital Adequacy Purposes Ratio	8.50	8.50
Tier 1 capital to risk-weighted assets, To Be Well Capitalized Under the Prompt Corrective Action Provisions Amount	$ 66,723	$ 54,101
Tier 1 capital to risk-weighted assets, To Be Well Capitalized Under the Prompt Corrective Action Provisions Ratio	8	8
Common equity tier 1 capital, Actual Amount	$ 98,751	$ 75,339
Common equity tier 1 capital, Actual Ratio	11.84%	11.14%
Common equity tier 1 capital, For Capital Adequacy Purposes Amount	$ 58,383	$ 47,338
Common equity tier 1 capital, For Capital Adequacy Purposes Ratio	7.00%	7.00%
Common equity tier 1 capital, To Be Well Capitalized Under the Prompt Corrective Action Provisions Amount	$ 54,213	$ 43,957
Common equity tier 1 capital, To Be Well Capitalized Under the Prompt Corrective Action Provisions Ratio	6.50%	6.50%
Tier 1 leverage, Actual Amount	$ 98,751	$ 75,339
Tier 1 leverage, Actual Ratio	8.34	8
Tier 1 leverage, For Capital Adequacy Purposes Amount	$ 76,934	$ 61,216
Tier 1 leverage, For Capital Adequacy Purposes Ratio	4	4
Tier 1 leverage, To Be Well Capitalized Under the Prompt Corrective Action Provisions Amount	$ 59,180	$ 47,090
Tier 1 leverage, To Be Well Capitalized Under the Prompt Corrective Action Provisions Ratio	5	5

Related Party Transactions - Su

Related Party Transactions - Summary of Loan Transactions with Related Parties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Beginning balance	$ 14,168	$ 9,608
Advances	12,472	7,916
Curtailments	(12,683)	(3,356)
Ending balance	$ 13,957	$ 14,168

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Millions	Dec. 31, 2020	Dec. 31, 2019
Related Party Transactions [Abstract]
Related party deposits	$ 8.4	$ 9.5

Earning Per Share - Additional

Earning Per Share - Additional Information (Detail) - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Dilutive common shares outstanding	0	0

Earning Per Share - Summary of

Earning Per Share - Summary of Computation of Basic and Diluted EPS (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Earnings Per Share [Abstract]
Net income	$ 17,697	$ 4,604
Net income attributable to noncontrolling interest	(1)	(24)
Net Income attributable to Blue Ridge Bankshares, Inc.	$ 17,696	$ 4,580
Weighted average common shares outstanding, basic	5,690,404,000	4,146,980,000
Effect of dilutive securities	0	0
Weighted average common shares outstanding, dilutive	5,690,404,000	4,146,980,000
Basic and diluted earnings per common share	$ 3.11	$ 1.10

Income Taxes - Schedule of Diff

Income Taxes - Schedule of Difference Between Provision for Income Taxes and Amounts Computed by Applying Statutory Federal Income Tax Rate to Income Before Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income tax at federal statutory rate	$ 4,725	$ 1,171
State income taxes, net of federal tax effect	34
Tax-exempt interest income	(20)	(74)
Income from life insurance	(82)	(196)
Merger-related expenses	174	188
Other permanent differences	(31)	(116)
Provision for income taxes	$ 4,800	$ 973
Income tax at federal statutory rate	21.00%	21.00%
State income taxes, net of federal tax effect	0.20%
Tax-exempt interest income	(0.10%)	(1.30%)
Income from life insurance	(0.40%)	(3.50%)
Merger-related expenses	0.80%	3.40%
Other permanent differences	(0.10%)	(2.20%)
Provision for income taxes	21.40%	17.40%

Income Taxes - Schedule of Sign

Income Taxes - Schedule of Significant Components of Provision for Income Taxes (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Current tax provision
Federal	$ 6,437	$ 1,058
State	43
Total current tax provision	6,480	1,058
Deferred tax benefit
Federal	(1,680)	(85)
Total deferred tax provision	(1,680)	(85)
Provision for income taxes	$ 4,800	$ 973

Income Taxes - Schedule of Si_2

Income Taxes - Schedule of Significant Components of Deferred Taxes (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019
Deferred tax assets relating to:
Allowance for loan losses	$ 2,478	$ 414
Compensation differences	892	19
Reserve for loan sale buy backs	341
Acquisition accounting	255	591
Loan origination costs	81	153
Pass-through entities	252	173
Unrealized losses on swaps and securities available for sale	108
Other	191	341
Total deferred tax assets	4,598	1,691
Deferred tax liabilities relating to:
Premises and equipment	(1,532)	(1,473)
Core deposit and customer based intangible assets	(464)	(355)
Mortgage servicing rights	(1,488)
Unrealized gains on swaps and securities available for sale		(53)
Other	(25)	(561)
Total deferred tax liabilities	(3,509)	(2,442)
Net deferred tax asset, included in other assets	$ 1,089
Net deferred tax (liability), included in (liabilities)		$ (751)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Federal income tax rate	21.00%	21.00%
Net operating loss carryforwards	$ 0
Uncertain tax positions	0	$ 0
Net deferred tax asset	$ 1,089,000
Net deferred tax (liability)		$ (751,000)

Business Segments - Summary of

Business Segments - Summary of Segment Reporting Information by Segment (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting Information [Line Items]
Interest income	$ 54,460	$ 30,888
Revenues	3,176	2,203
Residential mortgage banking income, net	44,460	14,433
Revenues	53,648	16,593
Gain on sale of guaranteed USDA loans	880	298
Income from investment in life insurance contracts	390	936
Revenues	111,284	49,684
Interest expense	9,950	9,520
Provision for loan losses	10,450	1,742
Salary and benefits	45,418	19,328
Other operating expenses	22,969	13,517
Total expense	88,787	44,107
Income (loss) before income taxes	22,497	5,577
Income tax expense	4,800	973
Net income (loss)	17,697	4,604
Net Income attributable to noncontrolling interest	(1)	(24)
Net Income attributable to Blue Ridge Bankshares, Inc.	17,696	4,580
Mortgage Servicing Rights [Member]
Segment Reporting Information [Line Items]
Revenues	7,084
Other Income [Member]
Segment Reporting Information [Line Items]
Revenues	2,131	1,498
Blue Ridge Bank, N.A. [Member]
Segment Reporting Information [Line Items]
Interest income	51,020	29,640
Gain on sale of guaranteed USDA loans	880	298
Income from investment in life insurance contracts	390	936
Revenues	56,334	33,921
Interest expense	8,331	8,132
Provision for loan losses	10,450	1,742
Salary and benefits	14,217	13,890
Other operating expenses	12,574	3,016
Total expense	45,572	26,780
Income (loss) before income taxes	10,762	7,141
Income tax expense	2,162	1,183
Net income (loss)	8,600	5,958
Net Income attributable to noncontrolling interest	(1)	(24)
Net Income attributable to Blue Ridge Bankshares, Inc.	8,599	5,934
Blue Ridge Bank, N.A. [Member] | Other Income [Member]
Segment Reporting Information [Line Items]
Revenues	2,165	1,416
Blue Ridge Bank Mortgage Division [Member]
Segment Reporting Information [Line Items]
Interest income	3,314	1,243
Residential mortgage banking income, net	44,460	14,433
Revenues	54,858	15,676
Interest expense	354	679
Salary and benefits	31,201	5,438
Other operating expenses	8,075	8,959
Total expense	39,630	15,076
Income (loss) before income taxes	15,228	600
Income tax expense	3,337	162
Net income (loss)	11,891	438
Net Income attributable to Blue Ridge Bankshares, Inc.	11,891	438
Blue Ridge Bank Mortgage Division [Member] | Mortgage Servicing Rights [Member]
Segment Reporting Information [Line Items]
Revenues	7,084
Parents Only [Member]
Segment Reporting Information [Line Items]
Interest income	126	5
Revenues	126	115
Interest expense	1,265	709
Other operating expenses	2,354	1,570
Total expense	3,619	2,279
Income (loss) before income taxes	(3,493)	(2,164)
Income tax expense	(699)	(372)
Net income (loss)	(2,794)	(1,792)
Net Income attributable to Blue Ridge Bankshares, Inc.	(2,794)	(1,792)
Parents Only [Member] | Other Income [Member]
Segment Reporting Information [Line Items]
Revenues		110
Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(34)	(28)
Other operating expenses	(34)	(28)
Total expense	(34)	(28)
Eliminations [Member] | Other Income [Member]
Segment Reporting Information [Line Items]
Revenues	(34)	(28)
Service Charge on Deposit Accounts [Member]
Segment Reporting Information [Line Items]
Revenues	905	651
Service Charge on Deposit Accounts [Member] | Blue Ridge Bank, N.A. [Member]
Segment Reporting Information [Line Items]
Revenues	905	651
Payroll Processing Revenue
Segment Reporting Information [Line Items]
Revenues	974	980
Payroll Processing Revenue | Blue Ridge Bank, N.A. [Member]
Segment Reporting Information [Line Items]
Revenues	$ 974	$ 980

Parent Company Only Financial_3

Parent Company Only Financial Statements - Summary of Parent Company Only Condensed Statements of Financial Condition (Detail) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and due from banks	$ 117,945	$ 60,026	$ 15,026
Securities available for sale, at fair value	109,475	108,571
Restricted equity investments, at cost	11,173	8,134
Accrued interest receivable	5,428	2,590
Other assets	17,036	9,386
Total assets	1,498,258	960,811
Liabilities
Subordinated debentures, net of issuance costs	24,506	9,800
Total liabilities	1,390,058	868,474
Stockholders' equity	107,975	92,113
Total liabilities and stockholders’ equity	1,498,258	960,811
Parent Company [Member]
Assets
Cash and due from banks	2,174	934
Investment in subsidiary	121,808	100,330
Securities available for sale, at fair value	6,312
Restricted equity investments, at cost	2,274	911
Accrued interest receivable	119
Other assets	354	336
Total assets	133,041	102,511
Liabilities
Accrued expenses	204	374
Accrued interest payable	131
Subordinated debentures, net of issuance costs	24,506	9,800
Total liabilities	24,841	10,174
Stockholders' equity	108,200	92,337
Total liabilities and stockholders’ equity	$ 133,041	$ 102,511

Parent Company Only Financial_4

Parent Company Only Financial Statements - Summary of Parent Company Only Condensed Statements of Income (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Interest income	$ 44,510	$ 21,368
Total interest income	54,460	30,888
Interest on subordinated debentures	1,265	709
Other operating expenses	8,362	3,964
Total non-interest expenses	68,387	32,845
Income before income tax	22,497	5,577
Income tax expense	4,800	973
Net Income attributable to Blue Ridge Bankshares, Inc.	17,696	4,580
Parent Company [Member]
Dividends from subsidiary	800
Interest income	126	5
Gains on securities		110
Total interest income	926	115
Interest on subordinated debentures	1,265	709
Professional fees	455	294
Merger expenses	1,732	1,250
Other operating expenses	166	27
Total non-interest expenses	3,618	2,280
Income before income tax	(2,692)	(2,165)
Income tax expense	(699)	(372)
Equity in undistributed earnings of subsidiary	19,689	6,373
Net Income attributable to Blue Ridge Bankshares, Inc.	$ 17,696	$ 4,580

Parent Company Only Financial_5

Parent Company Only Financial Statements - Summary of Parent Company Only Condensed Statements of Cashflows (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income	$ 17,697	$ 4,604
Deferred income tax (benefit) expense	(1,680)	(85)
Amortization of subordinated debt issuance costs	55	33
Increase in other assets	(26,303)	(9,209)
Decrease in accrued expenses	11,949	8,471
Net cash used in operating activities	(108,340)	(20,583)
Cash flows used in investing activities:
Purchase of securities available for sale	(44,164)	(70,737)
Net cash used in investing activities	(340,885)	(94,682)
Cash flows from financing activities:
Common stock issuance, net of fees		22,119
Issuance of subordinated debt	15,000
Payment of subordinated debt issuance costs	(349)
Common stock dividends paid	(2,436)	(2,473)
Net cash provided by financing activities	507,144	160,265
Net increase in cash and due from banks	57,919	45,000
Supplemental Schedule of Cash Flow Information
Interest	10,030	9,090
Income taxes	2,000	1,020
Non-cash investing and financing activities:
Unrealized gain on available-for-sale securities	1,029	1,767
Issuance of restricted stock awards, net of forfeitures	567	230
Parent Company [Member]
Cash flows from operating activities:
Net income	17,696	4,580
Equity in undistributed earnings of subsidiary	(19,689)	(6,373)
Deferred income tax (benefit) expense	(62)	(19)
Amortization of subordinated debt issuance costs	54	33
Realized gains on securities sales		110
Increase in other assets	(139)	(206)
Decrease in accrued expenses	(39)
Net cash used in operating activities	(2,179)	(1,875)
Cash flows used in investing activities:
Purchase of securities available for sale	(6,000)	(161)
Net change in investments	(1,363)
Proceeds from sales of securities available for sale		66
Cash contributed to Bank	(2,000)	(17,000)
Net cash used in investing activities	(9,363)	(17,095)
Cash flows from financing activities:
Common stock issuance, net of fees	567	22,350
Issuance of subordinated debt	15,000
Payment of subordinated debt issuance costs	(349)
Common stock dividends paid	(2,436)	(2,473)
Net cash provided by financing activities	12,782	19,877
Net increase in cash and due from banks	1,240	907
Cash and cash equivalents, beginning of year	934	27
Cash and cash equivalents, end of year	2,174	934
Supplemental Schedule of Cash Flow Information
Interest	1,190	709
Income taxes	2,000	1,020
Non-cash investing and financing activities:
Unrealized gain on available-for-sale securities	358	217
Issuance of restricted stock awards, net of forfeitures	$ 567	$ 230

Legal Matters - Additional Info

Legal Matters - Additional Information (Detail) $ in Millions	Aug. 12, 2019USD ($)
Loss Contingency [Abstract]
Loss contingency, damages value	$ 12

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income, Net - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Beginning Balance	$ 92,337	$ 39,621
Change in net unrealized holding gains on securities available-for-sale, net of tax expense	388	1,397
Transfer of securities held-to-maturity to available-for-sale, net of tax expense	425
Change in net unrealized holding losses on interest rate swaps, net of tax benefit	(611)	(194)
Gains realized in income, net of tax expense	(167)	(356)
Ending Balance	108,200	92,337
Net Unrealized Gains (Losses) on Available-For-Sale Securities [Member]
Beginning Balance	783	(614)
Change in net unrealized holding gains on securities available-for-sale, net of tax expense	388	1,397
Ending Balance	1,171	783
Transfer of Held-To-Maturity Securities to Available-For-Sale [Member]
Transfer of securities held-to-maturity to available-for-sale, net of tax expense	425
Ending Balance	425
Net Unrealized Gains (Losses) on Interest Rate Swaps [Member
Beginning Balance	(194)
Change in net unrealized holding losses on interest rate swaps, net of tax benefit	(611)	(194)
Ending Balance	(805)	(194)
Gains Realized in Net Income [Member]
Beginning Balance	(360)	(4)
Gains realized in income, net of tax expense	(167)	(356)
Ending Balance	(527)	(360)
Accumulated Other Comprehensive Income (Loss) [Member]
Beginning Balance	229	(618)
Ending Balance	$ 264	$ 229

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income, Net - Components of Accumulated Other Comprehensive Income (Loss) (Parenthetical) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Change in net unrealized holding gains on securities available-for-sale, tax expense	$ 103	$ 370
Change in net unrealized holding losses on interest rate swaps, tax benefit	163	51
Transfer of securities held-to-maturity to available-for-sale, tax expense	113
Gains realized in income, tax expense	(44)	(95)
Net Unrealized Gains (Losses) on Available-For-Sale Securities [Member]
Change in net unrealized holding gains on securities available-for-sale, tax expense	103	370
Net Unrealized Gains (Losses) on Interest Rate Swaps [Member
Change in net unrealized holding losses on interest rate swaps, tax benefit	163	51
Transfer of Held-To-Maturity Securities to Available-For-Sale [Member]
Transfer of securities held-to-maturity to available-for-sale, tax expense	113
Gains Realized in Net Income [Member]
Gains realized in income, tax expense	$ 44	$ 95

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Other Commitments [Line Items]
Outstanding loan commitments		$ 126,000,000	$ 107,700,000
Reserve for unfunded commitments	$ 0	0
Stand-by Letter of Credit
Other Commitments [Line Items]
Outstanding performance stand-by letters of credit		$ 6,100,000	$ 641,000

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail)	Mar. 17, 2021$ / shares	Jan. 31, 2021USD ($)shares	Jan. 07, 2021$ / shares	Dec. 15, 2019USD ($)shares	Dec. 31, 2020$ / sharesshares	Dec. 31, 2019$ / sharesshares
Subsequent Event [Line Items]
Common stock dividends per share cash paid | $ / shares					$ 0.4275	$ 0.57
Common stock shares received by shareholders				3.05
Common stock, shares, issued					5,718,621	5,658,585
Cash paid in lieu of fractional shares to common shareholders | $				$ 16,646,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Quarterly cash dividend, declared date	Mar. 17, 2021		Jan. 7, 2021
Common stock dividends per share cash paid | $ / shares			$ 0.1425
Dividend, payment date	Apr. 30, 2021		Jan. 29, 2021
Dividend, record date	Apr. 20, 2021		Jan. 19, 2021
Stock split, conversion ratio	1.5
Stock split, description	On March 17, 2021, the Company announced that its board of directors had approved and declared a three-for-two stock split effected in the form of a 50% stock dividend on its common stock outstanding payable on April 30, 2021 to shareholders of record as of April 20, 2021
Percentage of stock dividend payable on stock split of common stock.	50.00%
Quarterly cash dividend per common share, declared | $ / shares	$ 0.15
Bay Banks [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock shares received by shareholders		0.5000
Common stock, shares, issued		6,627,558
fair value of consideration transferred | $		$ 124,800,000
Cash paid in lieu of fractional shares to common shareholders | $		$ 3,400
Option to purchase additional shares		198,362
Options to acquire shares of common.		99,176
Estimated fair value of common stock | $		$ 472,000

Subsequent Events -Summary of E

Subsequent Events -Summary of Effect of Three-for-Two Stock Split on Common Shares Outstanding (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Subsequent Event [Line Items]
Common stock, shares, outstanding	5,718,621	5,658,585
Basic and diluted earnings per common share	$ 3.11	$ 1.10
Post Stock Split {Member]
Subsequent Event [Line Items]
Common stock, shares, outstanding	8,577,932	8,487,878
Basic and diluted earnings per common share	$ 2.07	$ 0.74
Dividends per share on common stock, post-split basis	$ 0.29	$ 0.38