BRBS · CIK 0000842717
What Blue Ridge Bankshares, Inc. told the SEC could break it.
Blue Ridge Bankshares' disclosures are shaped by heightened regulatory scrutiny: under a Consent Order, its bank must hold an elevated minimum leverage ratio of 10.0%, constraining its capital flexibility. Its loan book is concentrated by both type and place — about 83.6% of loans are secured by residential and commercial real estate substantially all in its Virginia and North Carolina market — tying credit risk to one region's property values. On funding, it has leaned on brokered deposits (12.5% of total at year-end 2025, down from 20.1% two years earlier) to manage liquidity as it winds down its fintech banking-as-a-service deposit operations.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Regulatory & policy
- Consent Order capital requirement (10.0% minimum leverage ratio)high
Under a regulatory Consent Order, Blue Ridge Bank must maintain an elevated minimum leverage ratio of 10.0%, constraining capital flexibility and reflecting heightened regulatory scrutiny.
“Pursuant to the Consent Order, the Bank was required to maintain a minimum leverage ratio of 10.0%”
SEC filing →As of 2026
Geographic concentration
- loans secured by real estate concentrated in VA/NC market area (~83.6%)medium
About 83.6% of Blue Ridge's loans are secured by residential and commercial real estate substantially all located in its Virginia/North Carolina market, concentrating credit risk in one region's property values.
“As of December 31, 2025 and December 31, 2024, approximately 83.6% and 80.8%, respectively, of the Company's loans were secured by real estate, both residential and commercial, substantially all of which are located in its market area.”
SEC filing →As of 2026
Liquidity & debt
- brokered-deposit reliance amid fintech BaaS deposit winddownmedium
Blue Ridge has used brokered deposits (12.5% of total deposits at year-end 2025, down from 18.5%/20.1%) to manage liquidity while winding down its fintech BaaS deposit operations.
“Brokered deposits accounted for approximately $238.7 million, or 12.5%, of the Company's total deposits as of December 31, 2025 compared to $402.5 million and $515.5 million, or 18.5% and 20.1%, of the Company's total deposits as of December 31, 2024 and 2023, respectively.”
SEC filing →As of 2026
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