BLUE RIDGE BANKSHARES, INC.  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS  December 31,2012  The principal on FHLB borrowings matures as follows:  Mattuities  2013 $ 8,021,428 2014 128,571 2015 171,430 2016  2017  2018 and beyond 12,457,000 Total principal 20,778,429 Capitalized refinancing fees (444,306) Borrowings, net $ 20,334,123 At December 31, 2011, the Bank had fixed rate advances from the Federal Home Loan Bank of  Atlanta (FHLB) totaling $17,592,857.  In addition the Bank has established lines of credit for federal fiinds purchases of $5,000,000 with its  correspondent bank of which $752,000 was borrowed as of December 31, 2011.  The Company is authorized to issue 250,000 shares of preferred stock at a par value of $50 per share.  On August 18, 2011, the Company issued 4,500 shares of Senior Non-Cumulative Perpetual Preferred  Stock, Series A to the United States Department of Treasury as part of the Small Business Lending  Fund (SBLF) program. The shares were issued at $1,000 per share, which is also the liquidation value,  for a total issuance of $4,500,000. The initial dividend on the preferred stock was 5.00%, and future  dividend rates are contingent upon the Bank’s ability to increase its qualified small business lending, as  defined by the US Treasury. As of December 31, 2012, the dividend rate was 1.72%. If the preferred  stock is still outstanding 4.5 years after issuance, the rate, regardless of qualified small business lending  growth, will increase to 9%.  The Company has 5,000,000 shares of no par value authorized common stock of which 942,221 and  941,913 shares were issued and outstanding at December 31,2012 and 2011, respectively.  25 (Continued) Note 7. Borrowings (Continued)  Note 8. Preferred Stock  Note 9. Common Stock 