BLUE RIDGE BANKSHARES, INC.  NOTES TO THE CONSOLIDATED FEVANCUL STATEMENTS  December 31,2012  Note 4. Loans Receivable and Related Allowance for Loan Losses (Continued)  ALLL Balance at  December 31, 2010  Charge-offs  Recoveries  Provision  ALLL Balance at  December 31, 2011  Individually evaluated for  impairment  Collectively evaluated for  impairment  Commercial  $  $  $  $  118  (2)  3  143  262  - 262  Commercial  $  —  $  $  $  Real  Estate  405  (109)  - 369  665  100  565  Consumer  $  $  $  $  97  (28)  7  (20)  56  - 56  Residential  $  $  $  $  229  (33)  - (38)  158  - 158  Municipal  $  $  $  $  435  - - (131)  304  - 304  Unallocated  $  $  $  $  10  - - 2  12  - 12  $  —  $  $  $  Total  1,294  (172)  10  325  1,457  100  1,357  The following is a summary of the changes in the allowance for loan losses for the years ended  December 31, 2012 and 2011 (in thousands):  2012  2011  alance, beginning  Charge-offs  Recoveries  Provisfon  alance, ending  $  $  1,457 $  (361)  16  670  1,782 $  1,294  (172)  10  325  1,457  The allowance for loan losses is based on estimates, and actual losses will vary from current  estimates. Management believes that the granularity of the homogeneous pools and the related  historical loss ratios and other qualitative factors, as well as the consistency in the application of  assumptions, result in an ALLL that is representative of the risk found in the components of the  portfolio at any given date.  At December 31, 2012 loans with a carrying amount of $48.4 million were pledged to secure short- term and long-term borrowings with the Federal Home Loan Bank.  22  (Continued) 