Blue Ridge Bank Mortgage Rates, Fees & Info

Martinsville, VA

LEI: 5493007WZXR2YE227I23

Tax ID: 54-1997265

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

Blue Ridge Bank is a smaller bank specializing in Home Purchase and Refi loans. Blue Ridge Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Washington, Raleigh, Miami, Baltimore, and Fayetteville among others. We have data for 124 markets. (Some data included below & more in-depth data is available with an active subscription.)

Blue Ridge Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Blue Ridge Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
30 Year Conventional Purchase	6.89%	11/22/24
30 Year Conventional Refi	6.79%	11/22/24
30 Year Cash-out Refi	7.04%	11/22/24
30 Year FHA Purchase	7.51%	11/22/24
30 Year FHA Refi	7.18%	11/22/24
30 Year VA Purchase	6.41%	11/22/24
30 Year VA Refi	6.15%	11/22/24
30 Year USDA Purchase	6.91%	11/22/24
15 Year Conventional Purchase	6.44%	11/22/24
15 Year Conventional Refi	6.43%	11/22/24
15 Year Cash-out Refi	6.43%	11/22/24
15 Year FHA Purchase	5.68%	11/22/24
15 Year FHA Refi	7.12%	11/22/24
15 Year VA Purchase	5.68%	11/22/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Blue Ridge Bank Mortgage Calculator

Purchase Price:

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% Deposit:

Interest Rate:

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Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Blue Ridge Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.

Originations

1,418

Origination Dollar Volume (All Markets)

$370,580,000

Employee count

234

Awards

Blue Ridge Bank 30 Year Conventional Loans gold

Show all (5) awards

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market	Originations	Total Value	Average Loan	Average Fees	Average Rate
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	460	$159,130,000	$345,935	$7,757	4.23%
RALEIGH-CARY, NC (FHA\|USDA\|VA)	74	$20,610,000	$278,514	$5,330	4.09%
Outside of Metro Areas	117	$20,155,000	$172,265	$4,801	4.49%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	46	$12,060,000	$262,174	$7,205	4.55%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA\|USDA\|VA)	39	$10,975,000	$281,410	$7,517	4.20%
FAYETTEVILLE, NC (FHA\|USDA\|VA)	46	$10,910,000	$237,174	$6,663	4.33%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA\|USDA\|VA)	41	$10,395,000	$253,537	$5,728	4.52%
GREENSBORO-HIGH POINT, NC (FHA\|USDA\|VA)	44	$8,750,000	$198,864	$5,005	4.48%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA\|USDA\|VA)	39	$8,555,000	$219,359	$5,922	4.36%
Martinsville, VA (FHA\|USDA\|VA)	63	$7,155,000	$113,571	$4,614	4.17%
WINSTON-SALEM, NC (FHA\|USDA\|VA)	38	$6,290,000	$165,526	$4,931	4.26%
WILMINGTON, NC (FHA\|USDA\|VA)	25	$5,935,000	$237,400	$5,430	4.39%
CHARLOTTESVILLE, VA (FHA\|USDA\|VA)	24	$5,880,000	$245,000	$6,984	4.96%
DURHAM-CHAPEL HILL, NC (FHA\|USDA\|VA)	24	$5,490,000	$228,750	$5,055	4.43%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA\|USDA\|VA)	16	$3,940,000	$246,250	$6,327	4.25%
Pinehurst-Southern Pines, NC (FHA\|USDA\|VA)	14	$3,890,000	$277,857	$4,906	4.22%
HARRISONBURG, VA (FHA\|USDA\|VA)	12	$3,030,000	$252,500	$3,394	4.84%
Laurinburg, NC (FHA\|USDA\|VA)	24	$2,910,000	$121,250	$5,262	4.79%
Lumberton, NC (FHA\|USDA\|VA)	15	$2,715,000	$181,000	$5,682	4.63%
Sanford, NC (FHA\|USDA\|VA)	11	$2,605,000	$236,818	$5,673	4.68%
STAUNTON, VA (FHA\|USDA\|VA)	11	$2,485,000	$225,909	$4,764	4.70%
BURLINGTON, NC (FHA\|USDA\|VA)	8	$1,990,000	$248,750	$6,704	4.19%
Morehead City, NC (FHA\|USDA\|VA)	6	$1,900,000	$316,667	$3,687	4.35%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	4	$1,760,000	$440,000	$12,342	3.44%
Los Angeles-Long Beach-Anaheim, CA (FHA\|USDA\|VA)	4	$1,760,000	$440,000	$5,948	3.72%
WINCHESTER, VA-WV (FHA\|USDA\|VA)	11	$1,695,000	$154,091	$6,648	4.33%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA\|USDA\|VA)	6	$1,570,000	$261,667	$6,966	4.00%
RICHMOND, VA (FHA\|USDA\|VA)	6	$1,470,000	$245,000	$4,482	4.34%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	6	$1,470,000	$245,000	$7,060	4.23%
ASHEVILLE, NC (FHA\|USDA\|VA)	6	$1,420,000	$236,667	$4,718	3.63%
COLUMBIA, SC (FHA\|USDA\|VA)	4	$1,360,000	$340,000	$6,668	4.34%
ROANOKE, VA (FHA\|USDA\|VA)	7	$1,275,000	$182,143	$3,553	4.18%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA\|USDA\|VA)	4	$1,190,000	$297,500	$5,930	3.84%
SALT LAKE CITY, UT (FHA\|USDA\|VA)	4	$1,180,000	$295,000	$8,896	3.41%
Mount Airy, NC (FHA\|USDA\|VA)	6	$1,150,000	$191,667	$4,665	4.06%
PORT ST. LUCIE, FL (FHA\|USDA\|VA)	6	$1,100,000	$183,333	$4,867	4.48%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	4	$1,060,000	$265,000	$5,439	4.38%
JACKSONVILLE, NC (FHA\|USDA\|VA)	7	$1,035,000	$147,857	$5,674	4.46%
ROCKY MOUNT, NC (FHA\|USDA\|VA)	5	$1,015,000	$203,000	$3,411	4.70%
CALIFORNIA-LEXINGTON PARK, MD (FHA\|USDA\|VA)	3	$975,000	$325,000	$8,796	4.33%
PITTSBURGH, PA (FHA\|USDA\|VA)	3	$955,000	$318,333	$7,030	3.79%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA\|USDA\|VA)	4	$930,000	$232,500	$6,923	3.41%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	4	$910,000	$227,500	$3,872	4.16%
CHARLESTON-NORTH CHARLESTON, SC (FHA\|USDA\|VA)	4	$910,000	$227,500	$4,565	4.63%
Chicago-Naperville-Elgin, IL-IN-WI (FHA\|USDA\|VA)	3	$885,000	$295,000	$8,758	3.50%
COLORADO SPRINGS, CO (FHA\|USDA\|VA)	2	$860,000	$430,000	$5,825	4.56%
SALISBURY, MD-DE (FHA\|USDA\|VA)	4	$780,000	$195,000	$5,033	4.81%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA\|USDA\|VA)	3	$775,000	$258,333	$7,301	3.79%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	3	$745,000	$248,333	$5,147	3.71%
NEW BERN, NC (FHA\|USDA\|VA)	4	$740,000	$185,000	$5,532	5.16%
LEXINGTON-FAYETTE, KY (FHA\|USDA\|VA)	3	$735,000	$245,000	$4,005	4.25%
OKLAHOMA CITY, OK (FHA\|USDA\|VA)	2	$710,000	$355,000	$6,809	3.62%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	2	$690,000	$345,000	$3,670	3.44%
LYNCHBURG, VA (FHA\|USDA\|VA)	3	$665,000	$221,667	$3,399	4.79%
OLYMPIA-LACEY-TUMWATER, WA (FHA\|USDA\|VA)	2	$630,000	$315,000	$5,855	4.31%
JACKSON, MS (FHA\|USDA\|VA)	1	$625,000	$625,000	$7,433	4.00%
GREENVILLE, NC (FHA\|USDA\|VA)	3	$595,000	$198,333	$5,251	4.54%
JACKSONVILLE, FL (FHA\|USDA\|VA)	2	$580,000	$290,000	$4,214	4.19%
GREELEY, CO (FHA\|USDA\|VA)	2	$580,000	$290,000	$8,148	3.75%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA\|USDA\|VA)	2	$500,000	$250,000	$6,619	3.19%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	2	$490,000	$245,000	$9,924	4.69%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	1	$455,000	$455,000	$6,867	3.50%
Danville, VA (FHA\|USDA\|VA)	2	$430,000	$215,000	$3,078	4.25%
YORK-HANOVER, PA (FHA\|USDA\|VA)	2	$400,000	$200,000	$6,661	4.00%
FORT COLLINS, CO (FHA\|USDA\|VA)	1	$395,000	$395,000	$10,379	3.38%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA\|USDA\|VA)	2	$390,000	$195,000	$6,567	3.44%
Wilson, NC (FHA\|USDA\|VA)	2	$370,000	$185,000	$5,169	3.94%
ANCHORAGE, AK (FHA\|USDA\|VA)	1	$355,000	$355,000	$9,979	3.50%
PROVO-OREM, UT (FHA\|USDA\|VA)	1	$355,000	$355,000	$9,184	3.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA\|USDA\|VA)	1	$355,000	$355,000	$5,563	3.38%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA\|USDA\|VA)	1	$345,000	$345,000	$18,584	3.25%
Richmond-Berea, KY (FHA\|USDA\|VA)	2	$340,000	$170,000	$2,956	4.69%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	1	$325,000	$325,000	$8,159	3.50%
Bozeman, MT (FHA\|USDA\|VA)	1	$325,000	$325,000	$9,713	3.38%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	1	$325,000	$325,000	$10,706	3.50%
GREENVILLE-ANDERSON, SC (FHA\|USDA\|VA)	1	$295,000	$295,000	$8,534	4.75%
NEW ORLEANS-METAIRIE, LA (FHA\|USDA\|VA)	1	$285,000	$285,000	$4,084	4.00%
MADISON, WI (FHA\|USDA\|VA)	1	$285,000	$285,000	$3,498	3.75%
ST. JOSEPH, MO-KS (FHA\|USDA\|VA)	1	$275,000	$275,000	$2,057	4.38%
WENATCHEE, WA (FHA\|USDA\|VA)	1	$275,000	$275,000	$7,030	3.75%
Elko, NV (FHA\|USDA\|VA)	1	$265,000	$265,000	$8,423	3.75%
SPRINGFIELD, MA (FHA\|USDA\|VA)	1	$265,000	$265,000	$12,982	4.25%
DENVER-AURORA-LAKEWOOD, CO (FHA\|USDA\|VA)	1	$265,000	$265,000	$3,174	4.75%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA\|USDA\|VA)	1	$255,000	$255,000	$4,880	4.38%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	1	$255,000	$255,000	$11,463	4.25%
Boone, NC (FHA\|USDA\|VA)	1	$255,000	$255,000	$7,176	3.88%
CLEVELAND-ELYRIA, OH (FHA\|USDA\|VA)	2	$250,000	$125,000	$4,356	5.25%
DES MOINES-WEST DES MOINES, IA (FHA\|USDA\|VA)	1	$245,000	$245,000	$9,848	3.13%
GOLDSBORO, NC (FHA\|USDA\|VA)	1	$245,000	$245,000	$2,875	3.75%
PROVIDENCE-WARWICK, RI-MA (FHA\|USDA\|VA)	1	$245,000	$245,000	$4,907	3.50%
DOVER, DE (FHA\|USDA\|VA)	1	$245,000	$245,000	$7,007	3.75%
Oskaloosa, IA (FHA\|USDA\|VA)	1	$235,000	$235,000	$1,436	3.75%
GAINESVILLE, FL (FHA\|USDA\|VA)	1	$235,000	$235,000	$7,858	3.25%
SIOUX CITY, IA-NE-SD (FHA\|USDA\|VA)	1	$235,000	$235,000	$6,771	3.63%
OGDEN-CLEARFIELD, UT (FHA\|USDA\|VA)	1	$235,000	$235,000	$10,880	4.13%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,018	3.88%
Rockingham, NC (FHA\|USDA\|VA)	1	$225,000	$225,000	$9,046	4.13%
MANCHESTER-NASHUA, NH (FHA\|USDA\|VA)	1	$225,000	$225,000	$3,211	4.25%
Washington, NC (FHA\|USDA\|VA)	1	$215,000	$215,000	$7,067	4.75%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	2	$210,000	$105,000	$5,851	4.75%
Shawano, WI (FHA\|USDA\|VA)	1	$205,000	$205,000	$5,488	3.00%
Albemarle, NC (FHA\|USDA\|VA)	1	$205,000	$205,000	$4,796	3.88%
LANCASTER, PA (FHA\|USDA\|VA)	1	$205,000	$205,000	$8,317	3.75%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	1	$205,000	$205,000	$3,607	3.63%
TALLAHASSEE, FL (FHA\|USDA\|VA)	1	$195,000	$195,000	$1,983	3.63%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA\|USDA\|VA)	1	$185,000	$185,000	$5,646	4.13%
HOMOSASSA SPRINGS, FL (FHA\|USDA\|VA)	1	$185,000	$185,000	$2,400	3.75%
TEXARKANA, TX-AR (FHA\|USDA\|VA)	1	$175,000	$175,000	$6,249	3.38%
Elizabeth City, NC (FHA\|USDA\|VA)	1	$175,000	$175,000	$6,543	5.75%
Sebastian-Vero Beach, FL (FHA\|USDA\|VA)	1	$175,000	$175,000	$5,335	4.63%
ROCKFORD, IL (FHA\|USDA\|VA)	1	$165,000	$165,000	$2,868	3.75%
CANTON-MASSILLON, OH (FHA\|USDA\|VA)	1	$155,000	$155,000	$3,314	4.00%
Marion, NC (FHA\|USDA\|VA)	1	$145,000	$145,000	$6,140	3.75%
KANSAS CITY, MO-KS (FHA\|USDA\|VA)	1	$145,000	$145,000	$2,624	3.88%
HICKORY-LENOIR-MORGANTON, NC (FHA\|USDA\|VA)	1	$135,000	$135,000	$4,512	4.00%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	1	$135,000	$135,000	$2,790	5.13%
CHARLESTON, WV (FHA\|USDA\|VA)	1	$135,000	$135,000	$952	5.38%
CHAMBERSBURG-WAYNESBORO, PA (FHA\|USDA\|VA)	1	$135,000	$135,000	$8,405	4.75%
HUNTSVILLE, AL (FHA\|USDA\|VA)	1	$125,000	$125,000	$5,277	4.75%
SAVANNAH, GA (FHA\|USDA\|VA)	1	$115,000	$115,000	$4,392	4.75%
MACON-BIBB COUNTY, GA (FHA\|USDA\|VA)	1	$105,000	$105,000	$3,167	4.25%
Bennettsville, SC (FHA\|USDA\|VA)	1	$85,000	$85,000	$3,549	5.00%
Shelby, NC (FHA\|USDA\|VA)	1	$75,000	$75,000	$4,235	5.50%
Madison, IN (FHA\|USDA\|VA)	1	$75,000	$75,000	$3,412	3.88%

Blue Ridge Bank's top markets include Washington, Raleigh, Miami, Baltimore, and Fayetteville among others.

Their top states include:

Virginia (FHA|USDA|VA)

North Carolina (FHA|USDA|VA)

Maryland (FHA|USDA|VA)

Florida (FHA|USDA|VA)

District of Columbia (FHA|USDA|VA)

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Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	794	$212,910,000	$268,149	$5,140	4.40%
FHA	364	$87,940,000	$241,593	$8,700	4.23%
VA	216	$63,260,000	$292,870	$6,744	4.09%
USDA	44	$6,470,000	$147,045	$5,235	4.10%

For 2019, Blue Ridge Bank's most frequently originated type of loan was Conventional, with 794 originations. Their 2nd most popular type was FHA, with 364 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	954	$244,390,000	$256,174	$6,590	4.35%
Refi	300	$85,740,000	$285,800	$5,670	4.03%
Cash Out Refi	152	$37,900,000	$249,342	$6,116	4.44%
Home Improvement	12	$2,550,000	$212,500	$6,269	5.48%

For 2019, Blue Ridge Bank's most frequently cited loan purpose was Home Purchase, with 954 originations. The 2nd most popular reason was Refi, with 300 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
30 Year	1,270	$340,690,000	$268,260	$6,446	4.28%
15 Year	57	$9,095,000	$159,561	$3,847	4.23%
Other	52	$11,410,000	$219,423	$6,725	4.72%
20 Year	17	$3,905,000	$229,706	$5,407	3.97%
30+ year	13	$3,325,000	$255,769	$7,335	4.93%
5 Year	5	$1,775,000	$355,000	$0	5.10%
10 Year	4	$380,000	$95,000	$3,039	4.44%

For 2019, Blue Ridge Bank's most frequently cited loan duration was 30 Year, with 1,270 originations. The 2nd most popular length was 15 Year, with 57 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$1k-2k	547	$139,965,000	$255,878
$2k-3k	250	$50,590,000	$202,360
$<1k	230	$55,570,000	$241,609
$3k-4k	150	$38,900,000	$259,333
$5k+	115	$51,545,000	$448,217
$4k-5k	73	$23,145,000	$317,055

Blue Ridge Bank's average total fees were $6,446, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 547 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
4-5%	637	$155,445,000	$244,027
3-4%	591	$172,715,000	$292,242
5-6%	167	$37,645,000	$225,419
6-7%	16	$2,820,000	$176,250
2.5-3%	6	$1,840,000	$306,667
7-8%	1	$115,000	$115,000

During 2019, Blue Ridge Bank's average interest rate for loans was 4.28%, while their most frequently originated rate bucket for loans was 4-5%, with 637 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	673	$188,765,000	$280,483	$6,655	4.21%
$100k-200k	392	$59,090,000	$150,740	$5,075	4.44%
$400k-600k	176	$83,100,000	$472,159	$8,494	4.12%
$100,000 or less	135	$9,965,000	$73,815	$3,598	4.66%
$600k-1MM	41	$28,655,000	$698,902	$12,457	4.10%
$1MM+	1	$1,005,000	$1,005,000	$14,815	3.75%

2019 saw Blue Ridge Bank place emphasis on $200k-400k loans with 673 originations, totaling $188,765,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	369	$77,315,000	$209,526	$5,966	4.33%
$50k or less	290	$48,670,000	$167,828	$5,176	4.27%
$100k-150k	280	$88,380,000	$315,643	$6,789	4.21%
$75k-100k	241	$64,215,000	$266,452	$6,714	4.27%
$150k-250k	137	$57,235,000	$417,774	$7,799	4.33%
$250k+	48	$22,220,000	$462,917	$7,432	4.35%

Blue Ridge Bank lent most frequently to those with incomes in the $50k-75k range, with 369 originations. The second most popular income band? $50k or less, with 290 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
30-36%	227	$57,455,000	$253,106	$6,190	4.25%
20-30%	199	$47,355,000	$237,965	$5,298	4.19%
50-60%	109	$34,545,000	$316,927	$9,917	4.30%
42%	67	$17,245,000	$257,388	$6,288	4.35%
44%	65	$16,595,000	$255,308	$6,208	4.30%
41%	58	$13,820,000	$238,276	$5,676	4.39%
<20%	57	$12,335,000	$216,404	$4,492	4.43%
39%	57	$14,205,000	$249,211	$5,555	4.41%
40%	57	$14,995,000	$263,070	$6,032	4.32%
43%	54	$13,630,000	$252,407	$6,599	4.38%
37%	51	$15,475,000	$303,431	$5,954	4.33%
38%	50	$15,180,000	$303,600	$7,088	4.31%
49%	49	$13,415,000	$273,776	$6,827	4.30%
36%	46	$11,920,000	$259,130	$5,436	4.35%
47%	45	$12,045,000	$267,667	$7,144	4.26%
48%	44	$11,930,000	$271,136	$7,094	4.23%
45%	44	$11,990,000	$272,500	$7,022	4.45%
46%	36	$8,900,000	$247,222	$5,894	4.34%
>60%	7	$1,775,000	$253,571	$8,202	5.41%

Blue Ridge Bank lent most frequently to those with DTI ratios of 30-36%, with 227 originations. The next most common DTI ratio? 20-30%, with 199 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	910	$226,500,000	$248,901	$5,851	4.26%
Black	290	$79,720,000	$274,897	$7,528	4.35%
Asian	94	$32,350,000	$344,149	$7,274	4.19%
Not provided	70	$21,130,000	$301,857	$6,896	4.39%
Not applicable	33	$6,125,000	$185,606	$0	4.95%
American Indian	17	$3,295,000	$193,824	$5,434	4.54%
Native Hawaiian or Islander	2	$740,000	$370,000	$5,296	3.88%
Asian Indian	1	$425,000	$425,000	$8,228	4.50%
Other Asian	1	$295,000	$295,000	$4,867	4.00%

Approval Rates

Total approvals of all applications
97.28%

Blue Ridge Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
83.00%

Blue Ridge Bank has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
NA	1,418	$370,580,000	$261,340

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
Multifamily:Site-Built	1	$705,000	$705,000
Single Family (1-4 Units):Manufactured	31	$3,805,000	$122,742
Single Family (1-4 Units):Site-Built	1,386	$366,070,000	$264,120

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	20	$2,780,000	$139,000	$3,419	4.17%
40-60%	61	$14,525,000	$238,115	$4,795	4.43%
60-80%	303	$81,085,000	$267,607	$5,335	4.45%
80-100%	974	$257,140,000	$264,004	$6,617	4.25%
Over 100%	38	$11,570,000	$304,474	$11,534	4.16%
Under 20%	12	$520,000	$43,333	$1,091	5.05%

Bank Details

Branches

Bank Name	Branch	Branch Type	Deposits (000's)
Blue Ridge Bank, National Association	1 East Market Street Martinsville, VA 24112	Full Service B&M	$55,500
Blue Ridge Bank, National Association	17 West Main Street Luray, VA 22835	Full Service B&M	$251,871
Blue Ridge Bank, National Association	1807 Seminole Trail Charlottesville, VA 22901	Full Service B&M	$61,006
Blue Ridge Bank, National Association	3202 Northline Avenue Greensboro, NC 27408	Full Service B&M	$16,474
Blue Ridge Bank, National Association	4677 Main Street Drakes Branch, VA 23937	Full Service B&M	$23,441
Blue Ridge Bank, National Association	48 Animal Clinic Road Stuart, VA 24171	Full Service B&M	$16,788
Blue Ridge Bank, National Association	563 Neff Avenue, Suite B Harrisonburg, VA 22801	Full Service B&M	$53,460
Blue Ridge Bank, National Association	600 South Third Street Shenandoah, VA 22849	Full Service B&M	$22,011
Blue Ridge Bank, National Association	9972 Spotswood Trail Mc Gaheysville, VA 22840	Full Service B&M	$13,606

For 2019, Blue Ridge Bank had 9 branches.

Yearly Performance Overview

Bank Income

Item	Value (in 000's)
Total interest income	$30,773
Net interest income	$21,963
Total noninterest income	$18,375
Gross Fiduciary activities income	$0
Service charges on deposit accounts	$652
Trading account gains and fees	$0
Additional Noninterest Income	$17,723
Pre-tax net operating income	$7,291
Securities gains (or losses, -)	$451
Income before extraordinary items	$6,397
Discontinued Operations (Extraordinary gains, net)	$0
Net income of bank and minority interests	$6,397
Minority interest net income	$24
Net income	$6,373
Sale, conversion, retirement of capital stock, net	$0
Net operating income	$6,022

Blue Ridge Bank's gross interest income from loans was $30,773,000.
Blue Ridge Bank's net interest income from loans was $21,963,000.
Blue Ridge Bank's fee based income from loans was $652,000.
Blue Ridge Bank's net income from loans was $6,373,000.

Bank Expenses

Item	Value (in 000's)
Total interest expense	$8,810
Provision for credit losses	$1,742
Total noninterest expense	$31,305
Salaries and employee benefits	$19,331
Premises and equipment expense	$2,538
Additional noninterest expense	$9,436
Applicable income taxes	$1,345
Net charge-offs	$750
Cash dividends	$0

Blue Ridge Bank's interest expense for loans was $8,810,000.
Blue Ridge Bank's payroll and benefits expense were $19,331,000.
Blue Ridge Bank's property, plant and equipment expenses $2,538,000.

Loan Performance

Type of Loan	% of Loans Noncurrent (30+ days, end of period snapshot)
All loans	0.0%
Real Estate loans	0.0%
Construction & Land Development loans	1.0%
Nonfarm, nonresidential loans	0.0%
Multifamily residential loans	0.0%
1-4 family residential loans	0.0%
HELOC loans	0.0%
All other family	0.0%
Commercial & industrial loans	0.0%
Personal loans	1.0%
Credit card loans	0.2%
Other individual loans	1.0%
Auto loans	2.0%
Other consumer loans	0.0%
Unsecured commercial real estate loans	0.0%

Deposits

Type	Value (in 000's)
Total deposits	$722,965
Deposits held in domestic offices	$722,965
Deposits by Individuals, partnerships, and corporations	$629,931
Deposits by U.S. Government	$5
Deposits by States and political subdivisions in the U.S.	$62,444
Deposits by Commercial banks and other depository institutions in U.S.	$30,585
Deposits by Banks in foreign countries	$0
Deposits by Foreign governments and official institutions	$0
Transaction accounts	$266,262
Demand deposits	$213,555
Nontransaction accounts	$456,703
Money market deposit accounts (MMDAs)	$133,268
Other savings deposits (excluding MMDAs)	$67,227
Total time deposits	$256,208
Total time and savings deposits	$509,410
Noninterest-bearing deposits	$178,754
Interest-bearing deposits	$544,211
Retail deposits	$621,149
IRAs and Keogh plan accounts	$23,882
Brokered deposits	$30,605
Deposits held in foreign offices	$0

Assets

Asset	Value (in 000's)
Total Assets	$959,563
Cash & Balances due from depository institutions	$60,026
Interest-bearing balances	$48,923
Total securities	$120,763
Federal funds sold & reverse repurchase	$480
Net loans and leases	$697,908
Loan and leases loss allowance	$4,572
Trading account assets	$0
Bank premises and fixed assets	$20,186
Other real estate owned	$0
Goodwill and other intangibles	$23,633
All other assets	$36,567

Liabilities

Liabilities	Value (in 000's)
Total liabilities and capital	$959,563
Total Liabilities	$859,234
Total deposits	$722,965
Interest-bearing deposits	$544,211
Deposits held in domestic offices	$722,965
% insured (estimated)	$75
Federal funds purchased and repurchase agreements	$0
Trading liabilities	$0
Other borrowed funds	$131,542
Subordinated debt	$0
All other liabilities	$4,727

Issued Loan Types

Type	Value (in 000's)
Net loans and leases	$697,908
Loan and leases loss allowance	$4,572
Total loans and leases (domestic)	$702,480
All real estate loans	$588,067
Real estate loans in domestic offices	$588,067
Construction and development loans	$64,890
Residential 1-4 family construction	$26,694
Other construction, all land development and other land	$38,196
Loans secured by nonfarm nonresidential properties	$228,421
Nonfarm nonresidential secured by owner-occupied properties	$92,906
Commercial real estate & other non-farm, non-residential	$135,515
Multifamily residential real estate	$24,359
1-4 family residential loans	$264,792
Farmland loans	$5,605
Loans held in foreign offices	$0
Farm loans	$454
Commercial and industrial loans	$71,626
To non-U.S. addressees	$0
Loans to individuals	$39,336
Credit card loans	$474
Related Plans	$1,214
Consumer Auto Loans	$25,918
Other loans to individuals	$11,730
All other loans & leases	$5,960
Loans to foreign governments and official institutions	$0
Other loans	$908
Loans to depository institutions and acceptances of other banks	$0
Loans not secured by real estate	$758
Loans secured by real estate to non-U.S. addressees	$0
Restructured Loans & leases	$1,787
Non 1-4 family restructured loans & leases	$1,473
Total loans and leases (foreign)	$0

Blue Ridge Bank had $697,908,000 of loans outstanding in 2019. $588,067,000 of loans were in real estate loans. $64,890,000 of loans were in development loans. $24,359,000 of loans were in multifamily mortgage loans. $264,792,000 of loans were in 1-4 family mortgage loans. $454,000 of loans were in farm loans. $474,000 of loans were in credit card loans. $25,918,000 of loans were in the auto loan category.

Small Business Loans

Categorization	# of Loans in Category	$ amount of loans (in 000's)	Average $/loan
Nonfarm, nonresidential loans - <$1MM	282	$68,497	$242,897
Nonfarm, nonresidential loans - <$100k	48	$2,246	$46,792
Nonfarm, nonresidential loans - $100-250k	95	$11,643	$122,558
Nonfarm, nonresidential loans - $250k-1MM	139	$54,608	$392,863
Commercial & Industrial, US addressed loans - <$1MM	504	$44,218	$87,734
Commercial & Industrial, US addressed loans - <$100k	291	$8,164	$28,055
Commercial & Industrial, US addressed loans - $100-250k	117	$10,735	$91,752
Commercial & Industrial, US addressed loans - $250k-1MM	96	$25,319	$263,740
Farmland loans - <$1MM	26	$3,341	$128,500
Farmland loans - <$100k	10	$398	$39,800
Farmland loans - $100-250k	8	$907	$113,375
Farmland loans - $250k-1MM	8	$2,036	$254,500
Agriculture operations loans - <$1MM	11	$450	$40,909
Agriculture operations loans - <$100k	8	$149	$18,625
Agriculture operations loans - $100-250k	3	$301	$100,333