BLUE RIDGE BANKSHARES, INC.  NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS  December 31,2012  Note 3. Investment Securities (Continued):  Note 4. Loans Receivable and Related Allowance for Loan Losses  (Continued)  14  The following table summarizes the primary segments ofthe loan portfolio as of December 31, 2012  and 2011 (in thousands):  Uneamed income on loans at December 31, 2012 is the result of deferred loan fees of $487,046 and  deferred loan costs of $170,227.  At December 31, 2012, the Company had securities which have depreciated .7% in value from the  amortized cost. In analyzing an issuer’s financial condition, management considers whether the  securities are issued by the federal govemment or its agencies, whether downgrades by bond rating  agencies have occurred, and the results of reviews ofthe issuer’s financial condition. As management  has the ability and intent to hold debt securities until maturity, or for the foreseeable fiiture if  classified as available-for-sale, no declines are deemed to be other-than-temporary.  Management evaluates securities for other-than-temporary impairment on a quarterly basis, and more  frequently when economic or market concems 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 ofthe issuer, and (3) the intent and ability ofthe Company to retain  its investment in the issuer for a period of time sufficient to allow for any anticipated recovery in fair  value.  IndividuaUy Collectively Evaluated for Evaluated for  Impairment Impairment Total December 31,2012  Residential loans $ 2,876 $ 48,740 $ 51,616  Commercial real estate loans  Non owner-occupied & multi-family  Owner-occupied & farmland  Construction loans  Residential construction loans  Commercial construction & raw land  loans  Home equity loans  Consumer loans  Commercial/farm loans  Municipal/other loans  Uneamed income on loans  Total  3,085  1,798  - _  23  - - 1,133  - 22,755  17,957  569  7,744  2,220  1,832  7,710  9,003  (317)  25,840  19,755  569  7,744  2,243  1,832  7,710  10,136  (317)  $  8,915  118,213 $ 127,128 