First Western Financial (MYFW) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 01, 2022
Document And Entity Information Abstract
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-38595
Entity Registrant Name	First Western Financial Inc
Entity Incorporation, State or Country Code	CO
Entity Tax Identification Number	37-1442266
Entity Address, Address Line One	1900 16th Street
Entity Address, Address Line Two	Suite 1200
Entity Address, City or Town	Denver
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80202
City Area Code	303
Local Phone Number	531.8100
Title of 12(b) Security	Common Stock, no par value
Trading Symbol	MYFW
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		9,492,006
Entity Central Index Key	0001327607
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Cash and cash equivalents:
Cash and due from banks	$ 8,308	$ 6,487
Federal funds sold		1,491
Interest-bearing deposits in other financial institutions	156,940	379,005
Total cash and cash equivalents	165,248	386,983
Available-for-sale securities, at fair value		55,562
Held-to-maturity securities, at amortized cost (fair value of $78,624 as of September 30, 2022)	84,257
Correspondent bank stock, at cost	12,783	2,584
Mortgage loans held for sale, at fair value	12,743	30,620
Loans (includes $22,871 and $0 measured at fair value, respectively)	2,351,322	1,949,137
Allowance for loan losses	(16,081)	(13,732)
Loans, net	2,335,241	1,935,405
Premises and equipment, net	24,668	23,976
Accrued interest receivable	8,451	7,151
Accounts receivable	5,947	5,267
Other receivables	2,868	1,949
Other real estate owned, net	187
Goodwill and other intangible assets, net	32,181	31,902
Deferred tax assets, net	6,849	6,845
Company-owned life insurance	16,064	15,803
Other assets	21,212	23,327
Assets held for sale		115
Total assets	2,728,699	2,527,489
Deposits:
Noninterest-bearing	662,055	636,304
Interest-bearing	1,505,392	1,569,399
Total deposits	2,167,447	2,205,703
Borrowings:
Federal Home Loan Bank and Federal Reserve borrowings	273,225	38,629
Subordinated notes	32,584	39,031
Accrued interest payable	664	355
Other liabilities	19,917	24,730
Total liabilities	2,493,837	2,308,448
Shareholders' Equity
Preferred stock - no par value; 10,000,000 shares authorized; 0 issued and outstanding
Common stock - no par value; 90,000,000 shares authorized; 9,492,006 and 9,419,271 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively
Additional paid-in capital	190,038	188,629
Retained earnings	46,416	30,189
Accumulated other comprehensive (loss)/income	(1,592)	223
Total shareholders' equity	234,862	219,041
Total liabilities and shareholders' equity	$ 2,728,699	$ 2,527,489

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
CONDENSED CONSOLIDATED BALANCE SHEETS
Loan measured at fair value	$ 22,871	$ 0
Fair value (Held to Maturity)	$ 78,624
Preferred Stock, par value (in dollars per share)	$ 0	$ 0
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value (in dollars per share)	$ 0	$ 0
Common Stock, shares authorized	90,000,000	90,000,000
Common Stock, shares issued	9,492,006	9,419,271
Common Stock, shares outstanding	9,492,006	9,419,271

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Interest and dividend income:
Loans, including fees	$ 24,831	$ 15,861	$ 64,245	$ 45,360
Loans accounted for under the fair value option	513		859
Investment securities	653	180	1,408	545
Interest-bearing deposits in other financial institutions	533	105	1,314	288
Total interest and dividend income	26,530	16,146	67,826	46,193
Interest expense:
Deposits	2,706	829	4,752	2,669
Other borrowed funds	1,027	471	1,855	1,402
Total interest expense	3,733	1,300	6,607	4,071
Net interest income	22,797	14,846	61,219	42,122
Less: Provision for loan losses	1,756	406	2,485	418
Net interest income, after provision for loan losses	21,041	14,440	58,734	41,704
Non-interest income:
Trust and investment management fees	4,664	5,167	14,616	15,023
Net gain on mortgage loans	885	4,480	4,531	13,590
Bank fees	670	458	1,960	1,224
Risk management and insurance fees	115	301	307	444
Income on company-owned life insurance	88	89	261	266
Net gain on equity interests	6		7
Net (loss)/gain on loans accounted for under the fair value option	(134)		(289)
Unrealized gain/(loss) recognized on equity securities	75	(3)	342	(13)
Other	85		259	60
Total non-interest income	6,454	10,492	21,994	30,594
Total income before non-interest expense	27,495	24,932	80,728	72,298
Non-interest expense:
Salaries and employee benefits	11,566	10,229	36,569	29,733
Occupancy and equipment	1,836	1,550	5,610	4,402
Professional services	2,316	1,660	5,869	4,309
Technology and information systems	1,172	945	3,294	2,791
Data processing	888	912	3,062	3,020
Marketing	403	397	1,388	1,116
Amortization of other intangible assets	77	5	231	13
Net (gain)/loss on assets held for sale	(1)		(4)
Net (gain)/loss on sale of other real estate owned	(41)		(41)
Other	1,044	768	3,223	2,221
Total non-interest expense	19,260	16,466	59,201	47,605
Income before income taxes	8,235	8,466	21,527	24,693
Income tax expense	2,014	2,049	5,300	6,000
Net income available to common shareholders	$ 6,221	$ 6,417	$ 16,227	$ 18,693
Earnings per common share:
Basic	$ 0.66	$ 0.80	$ 1.72	$ 2.35
Diluted	$ 0.64	$ 0.78	$ 1.67	$ 2.28

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Net income	$ 6,221	$ 6,417	$ 16,227	$ 18,693
Other comprehensive income/(loss) items:
Unrealized losses on available-for-sale securities		(42)	(2,591)	(283)
Income tax effect		10	638	80
Amortization of net unrealized loss for the reclassification of available-for-sale securities transferred to held-to-maturity included in interest income	97		183
Income tax effect	(24)		(45)
Total other comprehensive income/(loss) items	73	(32)	(1,815)	(203)
Comprehensive income	$ 6,294	$ 6,385	$ 14,412	$ 18,490

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at Beginning at Dec. 31, 2020		$ 144,703	$ 9,579	$ 680	$ 154,962
Balance at Beginning (in shares) at Dec. 31, 2020	7,951,773
Increase (Decrease) in Stockholders' Equity
Net income			18,693		18,693
Other comprehensive loss, net of tax				(203)	(203)
Settlement of share awards		(452)			(452)
Settlement of share awards (in shares)	47,351
Options exercised		79			79
Options exercised (in shares)	3,750
Stock-based compensation		2,050			2,050
Balance at Ending at Sep. 30, 2021		146,380	28,272	477	175,129
Balance at Ending (in shares) at Sep. 30, 2021	8,002,874
Balance at Beginning at Jun. 30, 2021		145,622	21,855	509	167,986
Balance at Beginning (in shares) at Jun. 30, 2021	7,994,832
Increase (Decrease) in Stockholders' Equity
Net income			6,417		6,417
Other comprehensive loss, net of tax				(32)	(32)
Settlement of share awards		(46)			(46)
Settlement of share awards (in shares)	4,292
Options exercised		79			79
Options exercised (in shares)	3,750
Stock-based compensation		725			725
Balance at Ending at Sep. 30, 2021		146,380	28,272	477	175,129
Balance at Ending (in shares) at Sep. 30, 2021	8,002,874
Balance at Beginning at Dec. 31, 2021		188,629	30,189	223	219,041
Balance at Beginning (in shares) at Dec. 31, 2021	9,419,271
Increase (Decrease) in Stockholders' Equity
Net income			16,227		16,227
Other comprehensive loss, net of tax				(1,815)	(1,815)
Settlement of share awards		(835)			(835)
Settlement of share awards (in shares)	64,426
Options exercised		179			179
Options exercised (in shares)	8,309
Stock-based compensation		2,065			2,065
Balance at Ending at Sep. 30, 2022		190,038	46,416	(1,592)	234,862
Balance at Ending (in shares) at Sep. 30, 2022	9,492,006
Balance at Beginning at Jun. 30, 2022		189,494	40,195	(1,665)	228,024
Balance at Beginning (in shares) at Jun. 30, 2022	9,478,710
Increase (Decrease) in Stockholders' Equity
Net income			6,221		6,221
Other comprehensive loss, net of tax				73	73
Settlement of share awards		(147)			(147)
Settlement of share awards (in shares)	11,796
Options exercised		33			33
Options exercised (in shares)	1,500
Stock-based compensation		658			658
Balance at Ending at Sep. 30, 2022		$ 190,038	$ 46,416	$ (1,592)	$ 234,862
Balance at Ending (in shares) at Sep. 30, 2022	9,492,006

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net income	$ 16,227	$ 18,693
Adjustments to reconcile net income to net cash provided by operating activities:
Net amortization of investment securities	130	411
Stock dividends received on correspondent bank stock	(155)	(60)
Provision for loan losses	2,485	418
Net gain on mortgage loans	(4,531)	(13,590)
Origination of mortgage loans held for sale	(377,631)	(1,082,120)
Proceeds from mortgage loans	398,792	1,197,466
Gain on disposal of fixed assets	(21)
Depreciation and amortization	1,493	865
Net (accretion)/amortization of purchase accounting adjustments	(571)	582
Deferred income tax (benefit)/expense, net of valuation allowance	451	102
Increase in cash surrender value of company-owned life insurance	(261)	(266)
Stock-based compensation	2,065	2,050
Gain on assets held for sale	(4)
Gain on sale of other real estate owned	(41)
Change in fair value of equity securities	(342)	13
Change in fair value of loans accounted for under the fair value option	289
Change in fair value of loans held for sale	1,178	10,632
Net changes in operating assets and liabilities:
Change in accounts receivable	399	(21)
Change in accrued interest receivable and other assets	(2,649)	(153)
Change in accrued interest payable and other liabilities	(2,236)	(1,311)
Net cash provided by operating activities	35,067	133,711
Activity in available-for-sale securities:
Maturities, prepayments, and calls	3,218	6,370
Purchases	(9,000)	(2,250)
Activity in held-to-maturity securities:
Maturities, prepayments, and calls	5,990
Purchases	(31,440)
Purchases of correspondent bank stock	(12,060)	(1)
Redemption of correspondent bank stock	2,016	841
Contributions to low-income housing tax credit investments	(214)	(2,087)
Loan and note receivable originations and principal collections, net	(370,172)	(66,379)
Purchases of premises and equipment	(2,036)	(1,844)
Purchases of loans	(32,599)
Proceeds from sale of assets held for sale	125
Proceeds from sale of other real estate owned	232	194
Net cash used in investing activities	(445,940)	(65,156)
Cash flows from financing activities
Net change in deposits	(38,227)	162,389
Payments to Federal Home Loan Bank borrowings	(40,000)
Proceeds from Federal Home Loan Bank borrowings	297,432
Payments to Federal Reserve borrowings	(22,836)	(174,673)
Proceeds from Federal Reserve borrowings		83,674
Payments on subordinated notes	(6,575)
Proceeds from subordinated notes, net of issuance costs		14,674
Proceeds from the exercise of stock options	179	79
Settlement of restricted stock	(835)	(452)
Net cash provided by financing activities	189,138	85,691
Net change in cash and cash equivalents	(221,735)	154,246
Cash and cash equivalents, beginning of year	386,983	155,989
Cash and cash equivalents, end of period	165,248	310,235
Supplemental cash flow information:
Interest paid on deposits and borrowed funds	6,298	4,167
Income tax payment, net of refunds received	4,534	3,852
Cash paid for lease liabilities	4,373	3,874
Supplemental noncash disclosures:
Change in unrealized loss on available-for-sale securities	(2,591)	(283)
Lease right-of-use-asset obtained in exchange for lease liabilities	43	$ 2,262
Transfer of securities from available-for-sale to held-to-maturity	58,727
Transfers from loans to other real estate owned	$ 378

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2022
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 1 - ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business and Basis of Presentation FWFI is a bank holding company with financial holding company status registered with the Board of Governors of the Federal Reserve System. FWFI wholly owns the following subsidiaries: First Western Trust Bank (the "Bank") and Ryder, Stilwell Inc. ("RSI"). The Bank wholly owns the following subsidiaries, which are therefore indirectly wholly-owned by FWFI: First Western Merger Corporation ("Merger Corp") and RRI, LLC ("RRI"). RSI and RRI are not active operating entities. The Company provides a fully-integrated suite of wealth management services including, private banking, personal trust, investment management, mortgage loans, and institutional asset management services to individual and corporate clients principally in Colorado (metro Denver, Aspen, Boulder, Fort Collins, and Vail Valley), Arizona (Phoenix and Scottsdale), California (Century City), Montana (Bozeman), and Wyoming (Jackson Hole, Laramie, Pinedale, and Rock Springs). The Company’s revenues are generated from its full range of product offerings as noted above, but principally from net interest income (the interest income earned on the Bank’s assets net of funding costs), fee-based wealth advisory, investment management, asset management and personal trust services, and net gains earned on mortgage loans. The condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. The December 31, 2021 condensed consolidated balance sheet has been derived from the audited financial statements for the year ended December 31, 2021. In the opinion of management, all adjustments that were recurring in nature and considered necessary have been included for fair presentation of the Company’s financial position and results of operations. Operating results for the three and nine months ended September 30, 2022 are not necessarily indicative of results that may be expected for the full year ending December 31, 2022. In preparing the condensed consolidated financial statements, the Company is required to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could be significantly different from those estimates. The condensed consolidated financial statements and notes should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the SEC. Consolidation Business Combinations and Divestitures Use of Estimates Concentration of Credit Risk Mortgage Banking Derivatives In order to manage the interest rate risk on our uncommitted IRLC and mortgage loans held for sale pipeline, the Company enters into mortgage derivative financial instruments called To Be Announced ("TBA"), which we refer to as forward commitments. TBA agreements are forward contracts to purchase mortgage backed securities ("MBS") that will be issued by a US Government Sponsored Enterprise. The Bank purchases or sells these derivatives to offset the changes in value of our mortgage loans held for sale and IRLC adjusted pipeline where we have exposure to interest rate volatility. Changes in the fair values of these derivatives are included in the Net gain on mortgage loans line of the Condensed Consolidated Statements of Income. Revenue Recognition Transition of LIBOR to an Alternative Reference Rate In March 2020, the Financial Accounting Standards Board (‘FASB”) issued Accounting Standards Update (“ASU’) No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. Subsequently, in January 2021, the FASB issued ASU No. 2021-01 “Reference Rate Reform (Topic 848): Scope.” This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply ASU No. 2021-01 on contract modifications that change the interest rate used for margining, discounting, or contract price alignment retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications from any date within the interim period that includes or is subsequent to January 7, 2021, up to the date that financial statements are available to be issued. An entity may elect to apply ASU No. 2021-01 to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020, and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020. Certain of the Company’s assets and liabilities are indexed to LIBOR, with exposure extending beyond December 31, 2022. The Company is currently evaluating and planning for the eventual replacement of the LIBOR benchmark interest rate, including the possibility of SOFR as the dominant replacement. In general, the transition away from LIBOR may result in increased market risk, credit risk, operational risk and business risk for the Company. The Company has developed a LIBOR transition plan, which addresses governance, risk management, legal, operational, systems, fallback language, and other aspects of planning. The company no longer originates LIBOR indexed loans and is working on transitioning existing LIBOR loans to SOFR. Consumer indexed loans are being managed in accordance with Interagency Guidance. Reclassifications Recently adopted accounting pronouncements In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment Recently issued accounting pronouncements, not yet adopted In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This was issued to clarify the guidance in Topic 820, Fair Value Measurement, when measuring fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and to introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The Company is currently assessing the impact of this guidance on our existing equity securities. This guidance is effective for the Company in fiscal years after December 15, 2023. In February 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) ("ASU 2016-13"). ASU 2016-13 replaces the incurred loss model with an expected loss model, which is referred to as the current expected credit loss ("CECL") model. The CECL model is applicable to the measurement of credit losses on the financial assets measured at amortized cost, including loan receivables, held-to-maturity debt securities, and reinsurance receivables. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings and the allowance for credit losses as of the beginning of the first reporting period in which the guidance is effective. ASU 2016-13 was set to be effective for most public companies on January 1, 2020. However, at the October 16, 2019 FASB meeting, the FASB voted unanimously to delay the effective date of CECL adoption for smaller reporting companies ("SRCs") to January 1, 2023. During the nine months ended September 30, 2022, the Company’s CECL project team continued to work through its implementation plan. The Company has selected a champion quantitative model to approximate expected losses by call code segment using regional and other appropriate peers. The Company has selected qualitative factors and evaluated those factors for each loan segment for the quarter ended September 30, 2022. The Company has completed a model validation and is finalizing policies and procedures, internal control structure, and process flows. Using this information, the Company successfully ran parallel models for each completed quarter of 2022 in order for management to review and compare results between the initial CECL model and existing ALLL model. Currently, we are unable to estimate the impact the adoption of this update will have on the condensed consolidated financial statements and disclosures. However, the Company expects the impact of the adoption will be significantly influenced by the composition and characteristics of its loan portfolios along with economic conditions prevalent as of the date of adoption. The Company expects to implement the new standard beginning January 1, 2023. ​

ACQUISITIONS

ACQUISITIONS	9 Months Ended
	Sep. 30, 2022
ACQUISITIONS
ACQUISITIONS	​ NOTE 2 – ACQUISITIONS ​ On July 22, 2021, the Company entered into the Merger Agreement with Teton, parent company of Rocky Mountain Bank, a Wyoming-chartered bank headquartered in Jackson, Wyoming. The Merger Agreement provided that, subject to the terms and conditions set forth in the Merger Agreement, Teton would merge into the Company, with the Company continuing as the surviving corporation. The Merger Agreement also provided that following the merger, Rocky Mountain Bank would merge with and into the Bank, with the Bank surviving the bank merger. The transaction closed on December 31, 2021 with an aggregate purchase price of $51.3 million. As part of its long-term growth strategy, the Teton Acquisition expands First Western’s presence in Wyoming and allows the Bank to deliver its unique approach to private and commercial banking to more clients in the region. ​ The Teton Acquisition was accounted for under the acquisition method of accounting and therefore all assets and liabilities were measured and recorded at their provisional fair values as of the acquisition close date of December 31, 2021 with final measurement period adjustments made as of March 31, 2022. All non-equity acquisition related costs were expensed as incurred. Certain acquisition costs related to the issuance of equity were capitalized as of December 31, 2021. Market value adjustments for assets acquired and liabilities assumed were amortized or accreted on a level yield basis over the estimated life of the asset or liability. Loans acquired were recorded at their estimated fair value and therefore no allowance for loan and lease losses was recorded at the date of acquisition. Additionally, core deposit intangible assets were identified and recorded at their estimated fair values and are amortized over their estimated useful life. On August 31, 2021, the Company completed the issuance and sale of subordinated notes, which provided partial funding of the transaction. See Note 8 – Borrowings for more information. ​ The following presents the estimated fair values of the assets acquired and liabilities assumed in the transaction with Teton as of December 31, 2021, including all measurement period adjustments to the provisional estimates (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provisional ​ Measurement Period ​ December 31, Fair value of consideration transferred ​ Estimates ​ Adjustments ​ 2021 Cash consideration ​ $ 11,501 ​ $ — ​ $ 11,501 Common stock issued ​ ​ 39,818 ​ ​ — ​ ​ 39,818 Total fair value of consideration transferred ​ ​ 51,319 ​ ​ — ​ ​ 51,319 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets acquired ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ ​ 132,498 ​ ​ — ​ ​ 132,498 Available-for-sale securities, at fair value ​ ​ 18,058 ​ ​ — ​ ​ 18,058 Correspondent bank stock, at cost ​ ​ 928 ​ ​ — ​ ​ 928 Mortgage loans held for sale ​ ​ 840 ​ ​ — ​ ​ 840 Loans ​ ​ 252,275 ​ ​ (857) ​ ​ 251,418 Premises and equipment ​ ​ 17,758 ​ ​ — ​ ​ 17,758 Accrued interest receivable ​ ​ 923 ​ ​ — ​ ​ 923 Accounts receivable ​ ​ 95 ​ ​ — ​ ​ 95 Other receivable ​ ​ 520 ​ ​ — ​ ​ 520 Core deposit intangible (1) ​ ​ 1,264 ​ ​ 698 ​ ​ 1,962 Other assets ​ ​ 226 ​ ​ 242 ​ ​ 468 Assets held for sale ​ ​ 115 ​ ​ 5 ​ ​ 120 Total assets acquired ​ ​ 425,500 ​ ​ 88 ​ ​ 425,588 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities assumed ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ ​ 379,227 ​ ​ (29) ​ ​ 379,198 Accrued interest payable ​ ​ 26 ​ ​ — ​ ​ 26 Other liabilities ​ 1,283 ​ ​ — ​ ​ 1,283 Deferred tax liabilities/(assets), net ​ ​ 42 ​ ​ (71) ​ ​ (29) Total liabilities assumed ​ ​ 380,578 ​ ​ (100) ​ ​ 380,478 Net assets acquired ​ ​ 44,922 ​ ​ 188 ​ ​ 45,110 Goodwill recognized ​ $ 6,397 ​ $ (188) ​ $ 6,209 ________________________________ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The core deposit intangible was determined to have an estimated life of 10 years . ​ The Company incurred $0.2 million and $1.0 million in expenses related to the acquisition during the three and nine months ended September 30, 2022, respectively. The following presents the acquisition expenses within Non-interest expense of the Condensed Consolidated Statements of Income as of the date noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, 2022 ​ September 30, 2022 Mergers and acquisitions expense: ​ ​ ​ ​ ​ ​ Salaries and employee benefits ​ $ 98 ​ $ 479 Professional services ​ ​ 90 ​ ​ 475 Technology and information systems ​ ​ 1 ​ ​ 6 Data processing (1) ​ ​ (96) ​ ​ (73) Marketing ​ ​ 7 ​ ​ 81 Other ​ ​ 54 ​ ​ 59 Total mergers and acquisitions expense ​ $ 154 ​ $ 1,027 ​ ________________________________ (1) The following table presents pro forma information for the three and nine months ended September 30, 2022 and 2021, as if the Teton Acquisition had occurred on January 1, 2021. This table has been prepared for comparative purposes only, and is not indicative of the actual results that would have been attained had the acquisitions occurred as of the beginning of the periods presented, nor is it indicative of future results (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pro Forma ​ ​ ​ Three Months Ended September 30, ​ ​ Nine Months Ended September 30, ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 Net interest income after provision for loan losses ​ $ 21,041 ​ $ 18,094 ​ $ 58,734 ​ $ 51,305 Non-interest income ​ ​ 6,454 ​ ​ 10,924 ​ ​ 21,994 ​ ​ 32,283 Net income ​ ​ 6,221 ​ ​ 7,760 ​ ​ 16,227 ​ ​ 22,152 Pro forma earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ ​ 0.66 ​ ​ 0.84 ​ ​ 1.72 ​ ​ 2.38 Diluted ​ ​ 0.64 ​ ​ 0.82 ​ ​ 1.67 ​ ​ 2.33 ​

INVESTMENT SECURITIES

INVESTMENT SECURITIES	9 Months Ended
	Sep. 30, 2022
INVESTMENT SECURITIES
INVESTMENT SECURITIES	NOTE 3 - INVESTMENT SECURITIES The following presents the amortized cost and fair value of securities held-to-maturity and the corresponding amounts of gross unrecognized gains and losses as of the date noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ Fair September 30, 2022 ​ Cost ​ Gains ​ Losses ​ Value Investment securities held-to-maturity: ​ ​ ​ ​ U.S. Treasury debt ​ $ 241 ​ $ — ​ $ (9) ​ $ 232 U.S. Government Agency ​ ​ 251 ​ ​ — ​ ​ (2) ​ ​ 249 Corporate bonds ​ ​ 23,871 ​ ​ 2 ​ ​ (1,641) ​ ​ 22,232 GNMA mortgage-backed securities – residential ​ 41,697 ​ ​ — ​ ​ (2,710) ​ ​ 38,987 FNMA mortgage-backed securities – residential ​ ​ 6,934 ​ ​ — ​ ​ (634) ​ ​ 6,300 Government CMO and MBS - commercial ​ ​ 7,073 ​ ​ 14 ​ ​ (498) ​ ​ 6,589 Corporate CMO and MBS ​ 4,190 ​ ​ — ​ ​ (155) ​ ​ 4,035 Total securities held-to-maturity ​ $ 84,257 ​ $ 16 ​ $ (5,649) ​ $ 78,624 ​ ​ The following presents the amortized cost and fair value of securities available-for-sale and the corresponding amounts of gross unrealized gains and losses recognized in accumulated other comprehensive loss as of the date noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2021 ​ Cost ​ Gains ​ Losses ​ Value Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 250 ​ $ — ​ $ (3) ​ $ 247 U.S. Government Agency ​ ​ 3,522 ​ ​ — ​ ​ — ​ ​ 3,522 Corporate bonds ​ 8,113 ​ ​ 227 ​ ​ (15) ​ 8,325 GNMA mortgage-backed securities – residential ​ ​ 26,611 ​ 185 ​ (146) ​ ​ 26,650 FNMA mortgage-backed securities – residential ​ ​ 14,400 ​ ​ 43 ​ ​ — ​ ​ 14,443 Government CMO and MBS - commercial ​ ​ 878 ​ ​ — ​ ​ — ​ ​ 878 Corporate CMO and MBS ​ ​ 1,492 ​ 23 ​ (18) ​ ​ 1,497 Total securities available-for-sale ​ $ 55,266 ​ $ 478 ​ $ (182) ​ $ 55,562 ​ The Company reassessed classification of investment securities and, effective April 1, 2022, elected to transfer all securities, fair valued at $58.7 million, from available-for-sale to held-to-maturity. The related unrealized loss of $2.3 million included in other comprehensive income on April 1, 2022 remained in other comprehensive income and is being amortized out with an offsetting entry to interest income as a yield adjustment through earnings over the remaining term of the securities. No gain or loss was recorded at the time of transfer. As of September 30, 2022, the amortized cost and estimated fair value of held-to-maturity securities have contractual maturity dates shown in the table below (dollars in thousands). Expected maturities will differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without call or prepayment penalties. Securities not due at a single maturity date are shown separately. ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Fair September 30, 2022 ​ Cost ​ Value Due within one year ​ $ 251 ​ $ 249 Due between one year and five years ​ ​ 2,232 ​ ​ 2,135 Due between five years and ten years ​ ​ 21,565 ​ ​ 20,022 Due after ten years ​ ​ 315 ​ ​ 307 Securities (CMO and MBS) ​ 59,894 ​ 55,911 Total ​ $ 84,257 ​ $ 78,624 ​ In the first quarter of 2022, the Company committed $3.0 million in capital to a bank technology fund. During the nine months ended September 30, 2022, the Company made $0.7 million in contributions to the partnership. As of September 30, 2022, the Company held a balance of $0.7 million, which is included in Other assets in the accompanying Condensed Consolidated Balance Sheets. The Company may be obligated to invest up to an additional $2.3 million in future contributions. In 2014, the Company began investing in a small business investment company ("SBIC") fund administered by the Small Business Administration. The Company did not make any contributions to the SBIC fund during the nine months ended September 30, 2022 or the year ended December 31, 2021 and received a $0.1 million return of capital during each period. As of September 30, 2022 and December 31, 2021, the Company held a balance of $2.0 million in the SBIC fund, which is included in Other assets in the accompanying Condensed Consolidated Balance Sheets. The Company may be obligated to invest up to an additional $1.0 million in future SBIC investments. As of September 30, 2022 and December 31, 2021, securities with carrying values totaling $15.8 million and $17.3 million, respectively, were pledged to secure various public deposits and credit facilities of the Company. As of September 30, 2022 and December 31, 2021, there were no holdings of securities of any one issuer, other than the U.S. Government sponsored entities and agencies, in an amount greater than 10% of shareholders’ equity. As of September 30, 2022, 99 securities were in an unrecognized loss position, with unrecognized losses totaling $5.6 million. As of December 31, 2021, 10 securities were in an unrealized loss position with unrealized losses totaling $0.2 million. Of the securities in an unrecognized loss position as of September 30, 2022, nine have been in a continuous unrecognized loss position for more than twelve months and the remaining have been in a continuous unrecognized loss position for less than twelve months. The unrecognized loss positions were caused primarily by interest rate changes and market assumptions about prepayments of principal and interest on the underlying mortgages. Because the decline in market value is attributable to market conditions, not credit quality, and because the Company has the ability and intent to hold these investments to maturity, the Company does not consider these investments to be other-than-temporarily impaired as of September 30, 2022. The following presents securities with unrecognized losses aggregated by major security type and length of time in a continuous unrecognized loss position as of the date noted (dollars in thousands, before tax): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months 12 Months or Longer Total ​ ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized September 30, 2022 ​ Value ​ Losses ​ Value ​ Losses ​ Value Losses Investment securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury debt ​ $ — ​ $ — ​ $ 232 ​ $ (9) ​ $ 232 ​ $ (9) U.S. Government Agency ​ ​ 249 ​ ​ (2) ​ ​ — ​ ​ — ​ ​ 249 ​ ​ (2) Corporate bonds ​ ​ 21,764 ​ ​ (1,629) ​ ​ 460 ​ ​ (12) ​ ​ 22,224 ​ ​ (1,641) GNMA mortgage-backed securities – residential ​ ​ 28,987 ​ ​ (1,605) ​ ​ 10,000 ​ ​ (1,105) ​ ​ 38,987 ​ ​ (2,710) FNMA mortgage-backed securities – residential ​ ​ 6,300 ​ ​ (634) ​ ​ — ​ ​ — ​ ​ 6,300 ​ ​ (634) Government CMO and MBS - commercial ​ ​ 5,731 ​ ​ (498) ​ ​ — ​ ​ — ​ ​ 5,731 ​ ​ (498) Corporate CMO and MBS ​ 3,623 ​ ​ (133) ​ ​ 412 ​ ​ (22) ​ 4,035 ​ (155) Total ​ $ 66,654 ​ $ (4,501) ​ $ 11,104 ​ $ (1,148) ​ $ 77,758 ​ $ (5,649) The following presents securities with unrealized losses aggregated by major security type and length of time in a continuous unrealized loss position as of the date noted (dollars in thousands, before tax): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months 12 Months or Longer Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized December 31, 2021 Value ​ Losses ​ Value ​ Losses Value Losses Investment securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury debt ​ $ 247 ​ $ (3) ​ $ — ​ $ — ​ $ 247 ​ $ (3) Corporate bonds ​ ​ 485 ​ ​ (15) ​ ​ — ​ ​ — ​ ​ 485 ​ ​ (15) GNMA mortgage-backed securities – residential ​ ​ 17,205 ​ ​ (146) ​ ​ — ​ ​ — ​ ​ 17,205 ​ ​ (146) Corporate CMO and MBS ​ — ​ — ​ 521 ​ (18) ​ 521 ​ (18) Total ​ $ 17,937 ​ $ (164) ​ $ 521 ​ $ (18) ​ $ 18,458 ​ $ (182) ​ The Company did not sell any securities during the three and nine months ended September 30, 2022 or during the year ended December 31, 2021.

LOANS AND THE ALLOWANCE FOR LOA

LOANS AND THE ALLOWANCE FOR LOAN LOSSES	9 Months Ended
	Sep. 30, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
LOANS AND THE ALLOWANCE FOR LOAN LOSSES	NOTE 4 - LOANS AND THE ALLOWANCE FOR LOAN LOSSES The following presents a summary of the Company’s loans as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Cash, Securities, and Other (1) ​ $ 154,748 ​ $ 261,190 Consumer and Other (2) ​ ​ 50,429 ​ ​ 34,758 Construction and Development ​ 228,060 ​ 178,716 1-4 Family Residential ​ 822,796 ​ 580,872 Non-Owner Occupied CRE ​ 527,836 ​ 482,622 Owner Occupied CRE ​ ​ 220,075 ​ ​ 212,426 Commercial and Industrial (3) ​ ​ 350,954 ​ ​ 203,584 Total loans held for investment ​ 2,354,898 ​ 1,954,168 Deferred fees and unamortized premiums/(unaccreted discounts), net (4) ​ (3,576) ​ (5,031) Allowance for loan losses ​ (16,081) ​ (13,732) Loans, net ​ $ 2,335,241 ​ $ 1,935,405 ______________________________________ (1) 2022 and December 31, 2021, respectively. (2) (3) (4) As of September 30, 2022 and December 31, 2021, total loans held for investment included $248.6 million and $356.7 million, respectively, of performing loans purchased through mergers or acquisitions. As of September 30, 2022, Consumer and Other included $22.6 million of unpaid principal balance of loans held for investment measured at fair value. See Note 14 – Fair Value Option. The CARES Act created the PPP, which is administered by the SBA. The PPP is intended to provide loans to small businesses to pay their employees, rent, mortgage interest, and utilities. The loans may be forgiven conditioned upon the client providing payroll documentation evidencing their compliant use of funds and otherwise complying with the terms of the program. The Bank is an approved SBA lender and as of September 30, 2022, the Cash, Securities, and Other portion of the loan portfolio included $7.7 million of PPP loans, or 5.0% of the total category. As of December 31, 2021, the Cash, Securities, and Other portion of the loan portfolio included $46.8 million of PPP loans, or 17.9% of the total category. The Company is a participant in the Federal Reserve’s MSLP to support lending to small and medium-sized for profit businesses and nonprofit organizations that were in sound financial condition before the onset of the COVID-19 pandemic. As of September 30, 2022, the Company’s Commercial and Industrial loans included five MSLP loans with the net carrying amount of $6.8 million, or 1.9% of the total category. As of December 31, 2021, the Company’s Commercial and Industrial loans included five MSLP loans with the net carrying amount of $6.8 million, or 3.3% of the total category. Loan Modifications As a result of the COVID-19 pandemic, a loan modification program was designed and implemented to assist our clients experiencing financial stress resulting from the economic impacts caused by the global pandemic. The Company offered loan extensions, temporary payment moratoriums, and financial covenant waivers for commercial and consumer borrowers impacted by the pandemic who have a pass risk rating and have not been delinquent over 30 days on payments in the last two years. In 2021, the deferral period ended for all non-acquired loans previously modified and payments resumed under the original terms. As of September 30, 2022, the Company’s loan portfolio included 51 non-acquired loans which were previously modified under the loan modification program, totaling $88.4 million. Through the Teton Acquisition, the Company acquired loans which were previously modified and are still in their deferral period. As of September 30, 2022, there were 15 of these loans, totaling $3.4 million. The CARES Act provides banks optional, temporary relief from accounting for certain loan modifications as a TDR. The modifications must be related to the adverse effects of COVID-19, and certain other criteria are required to be met in order to apply the relief. Interagency guidance from Federal Reserve and the FDIC confirmed with the FASB that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not to be considered TDRs. We believe our loan modification program meets that definition. In accordance with that guidance, the Company recognized interest income on all loans modified for temporary payment moratoriums, primarily for a period of 180 days or less. All loans modified in response to COVID-19 are classified as performing and pass rated as of September 30, 2022. These loans are included in the allowance for loan loss general reserve in accordance with ASC 450-20. Management has increased our loan level reviews and portfolio monitoring to address the changing environment. Management believes the diversity of the loan portfolio is prudent and remains consistent with the credit culture and goals of the Bank. Interest accrued during the modification term on modified loans is deferred to the end of the loan term. As of September 30, 2022, no allowance for loan loss was deemed necessary on the accrued interest balances related to loan modifications. The following presents, by class, an aging analysis of the recorded investments (excluding accrued interest receivable, deferred fees, and unamortized premiums/(unaccreted discounts), which are not material) in loans past due as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 60-89 90 or Total ​ ​ Total ​ ​ Days ​ Days ​ More Days ​ Loans ​ ​ ​ ​ Recorded September 30, 2022 ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Current ​ Investment Cash, Securities, and Other ​ $ 20 ​ $ 855 ​ $ 4 ​ $ 879 ​ $ 153,869 ​ $ 154,748 Consumer and Other ​ ​ 421 ​ ​ 343 ​ ​ 65 ​ ​ 829 ​ ​ 49,600 ​ ​ 50,429 Construction and Development ​ 882 ​ ​ 960 ​ ​ 1,038 ​ 2,880 ​ 225,180 ​ 228,060 1-4 Family Residential ​ 209 ​ ​ — ​ ​ 69 ​ 278 ​ 822,518 ​ 822,796 Non-Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 527,836 ​ ​ 527,836 Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 220,075 ​ ​ 220,075 Commercial and Industrial ​ 10 ​ ​ — ​ ​ 1,670 ​ 1,680 ​ 349,274 ​ 350,954 Total ​ $ 1,542 ​ $ 2,158 ​ $ 2,846 ​ $ 6,546 ​ $ 2,348,352 ​ $ 2,354,898 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 60-89 90 or Total ​ ​ Total ​ ​ Days ​ Days ​ More Days ​ Loans ​ ​ ​ ​ Recorded December 31, 2021 ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Current ​ Investment Cash, Securities, and Other ​ $ 745 ​ $ — ​ $ 6 ​ $ 751 ​ $ 260,439 ​ $ 261,190 Consumer and Other ​ ​ 454 ​ ​ — ​ ​ 2 ​ ​ 456 ​ ​ 34,302 ​ ​ 34,758 Construction and Development ​ 2,758 ​ ​ — ​ ​ — ​ 2,758 ​ 175,958 ​ 178,716 1-4 Family Residential ​ 1,449 ​ ​ — ​ ​ — ​ 1,449 ​ 579,423 ​ 580,872 Non-Owner Occupied CRE ​ ​ — ​ ​ 2,548 ​ ​ — ​ ​ 2,548 ​ ​ 480,074 ​ ​ 482,622 Owner Occupied CRE ​ ​ 1,419 ​ ​ — ​ ​ — ​ ​ 1,419 ​ ​ 211,007 ​ ​ 212,426 Commercial and Industrial ​ 748 ​ ​ — ​ ​ 2,200 ​ 2,948 ​ 200,636 ​ 203,584 Total ​ $ 7,573 ​ $ 2,548 ​ $ 2,208 ​ $ 12,329 ​ $ 1,941,839 ​ $ 1,954,168 ​ As of September 30, 2022, the Company had one loan, totaling $0.8 million, in the Construction and Development portfolio and one loan in the Commercial and Industrial portfolio, totaling $0.2 million, that were more than 90 days delinquent and accruing interest. As of December 31, 2021, the Company had one loan, totaling an immaterial amount, in the Commercial and Industrial portfolio that was more than 90 days delinquent and accruing interest. Non-Accrual Loans and Troubled Debt Restructurings The following presents the recorded investment in non-accrual loans by class as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Cash, Securities, and Other ​ $ 4 ​ $ 6 Consumer and Other ​ ​ 65 ​ ​ 2 Construction and Development ​ ​ 201 ​ ​ — 1-4 Family Residential ​ ​ 69 ​ ​ 75 Owner Occupied CRE ​ ​ 1,179 ​ ​ 1,241 Commercial and Industrial ​ 2,184 ​ 2,938 Total ​ $ 3,702 ​ $ 4,262 ​ Non-accrual loans classified as TDRs accounted for $3.4 million of the recorded investment as of September 30, 2022 and $4.3 million as of December 31, 2021. Non-accrual loans are classified as impaired loans and individually evaluated for impairment. The following presents a summary of the unpaid principal balance of loans classified as TDRs as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Accruing ​ ​ ​ ​ ​ ​ Non-Owner Occupied CRE ​ $ 42 ​ $ 55 Non-accrual ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ ​ 4 ​ ​ 6 1-4 Family Residential ​ ​ 69 ​ ​ 75 Owner Occupied CRE ​ ​ 1,179 ​ ​ 1,241 Commercial and Industrial ​ ​ 2,184 ​ ​ 2,938 Total ​ ​ 3,478 ​ ​ 4,315 Allowance for loan losses associated with TDR ​ — ​ (1,751) Net recorded investment ​ $ 3,478 ​ $ 2,564 ​ As of September 30, 2022 and December 31, 2021, the Company had not committed any additional funds to a borrower with a loan classified as a TDR. The Company did not modify any loans resulting in TDR status during the nine months ended September 30, 2022. The Company modified three loans resulting in TDR status during the year ended December 31, 2021. The first loan was a small mortgage with a remaining balance of $0.1 million where the borrower was unable to make payments or obtain additional financing to pay off the mortgage. As a result, we modified the loan at the maturity date with a one-year renewal to allow the borrower time to seek a refinance. As of September 30, 2022, the loan matured and has not been paid as agreed in the loan modification. The Company continues to work with the borrower on a successful resolution. The second and third loans modified are in relation to one borrower who has two loans, one Commercial Real Estate Loan in the amount of $1.2 million, which is the space where the related business operates, and a Commercial loan with a balance of $0.7 million. The borrower had experienced a reduction in cash flow through ongoing impact from the pandemic and related shut downs and hiring shortages. As a result, the Company modified both loans allowing for a six month interest only period to provide cash flow relief. The Company obtained a reduced term on the business loan as well as additional collateral from the Borrower. All three of the loans modified during 2021 were sufficiently collateralized and therefore did not require any specific reserve. TDRs are reviewed individually for impairment and are included in the Company’s specific reserves in the allowance for loan losses. If charged off, the amount of the charge-off is included in the Company’s charge-off factors, which impact the Company’s reserves on non-impaired loans. The following presents impaired loans by portfolio and related valuation allowance during the periods presented (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ ​ ​ Unpaid Allowance ​ ​ ​ Unpaid Allowance ​ ​ Total ​ Contractual ​ for ​ Total ​ Contractual ​ for ​ ​ Recorded ​ Principal ​ Loan ​ Recorded ​ Principal ​ Loan ​ ​ Investment ​ Balance ​ Losses ​ Investment ​ Balance ​ Losses Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer and Other ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ 2 ​ $ 2 Commercial and Industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,190 ​ ​ 2,190 ​ ​ 1,751 Total ​ $ — ​ $ — ​ $ — ​ $ 2,192 ​ $ 2,192 ​ $ 1,753 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ 4 ​ $ — ​ $ 6 ​ $ 6 ​ $ — Construction and Development ​ ​ 201 ​ ​ 201 ​ ​ — ​ ​ — ​ ​ — ​ ​ — 1-4 Family Residential ​ ​ 69 ​ ​ 69 ​ ​ — ​ ​ 75 ​ ​ 75 ​ ​ — Owner Occupied CRE ​ ​ 1,179 ​ ​ 1,179 ​ ​ — ​ ​ 1,241 ​ ​ 1,241 ​ ​ — Commercial and Industrial ​ ​ 2,184 ​ ​ 2,184 ​ ​ — ​ ​ 748 ​ ​ 748 ​ ​ — Total ​ $ 3,637 ​ $ 3,637 ​ $ — ​ $ 2,070 ​ $ 2,070 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ 4 ​ $ — ​ $ 6 ​ $ 6 ​ $ — Consumer and Other ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ 2 ​ ​ 2 Construction and Development ​ ​ 201 ​ ​ 201 ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 2,184 ​ ​ 2,184 ​ ​ — ​ ​ 2,938 ​ ​ 2,938 ​ ​ 1,751 1-4 Family Residential ​ ​ 69 ​ ​ 69 ​ ​ — ​ ​ 75 ​ ​ 75 ​ ​ — Owner Occupied CRE ​ ​ 1,179 ​ ​ 1,179 ​ ​ — ​ ​ 1,241 ​ ​ 1,241 ​ ​ — Total ​ $ 3,637 ​ $ 3,637 ​ $ — ​ $ 4,262 ​ $ 4,262 ​ $ 1,753 The recorded investment in loans in the previous tables excludes accrued interest, deferred fees, and unamortized premiums/(unaccreted discounts), which are not material. Interest income, if any, was recognized on the cash basis on non-accrual loans. The following presents the average balance of impaired loans and interest income recognized on impaired loans during the periods presented (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ 2022 ​ 2021 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ — ​ $ — ​ $ 1 ​ $ — Consumer and Other ​ ​ 1 ​ ​ — ​ ​ 17 ​ ​ — Commercial and Industrial ​ ​ — ​ ​ — ​ ​ 2,635 ​ ​ — Total ​ $ 1 ​ $ — ​ $ 2,653 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ — ​ $ 10 ​ $ — Construction and Development ​ ​ 101 ​ ​ — ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 2,393 ​ ​ — ​ ​ 410 ​ ​ 220 1-4 Family Residential ​ ​ 68 ​ ​ — ​ ​ 41 ​ ​ — Owner Occupied CRE ​ ​ 1,190 ​ ​ — ​ ​ 625 ​ ​ — Total ​ $ 3,756 ​ $ — ​ $ 1,086 ​ $ 220 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ — ​ $ 11 ​ $ — Consumer and Other ​ ​ 1 ​ ​ — ​ ​ 17 ​ ​ — Construction and Development ​ ​ 101 ​ ​ — ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 2,393 ​ ​ — ​ ​ 3,045 ​ ​ 220 1-4 Family Residential ​ ​ 68 ​ ​ — ​ ​ 41 ​ ​ — Owner Occupied CRE ​ ​ 1,190 ​ ​ — ​ ​ 625 ​ ​ — Total ​ $ 3,757 ​ $ — ​ $ 3,739 ​ $ 220 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2022 ​ 2021 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ — ​ $ — ​ $ 1 ​ $ — Consumer and Other ​ ​ 1 ​ ​ — ​ ​ 9 ​ ​ — Commercial and Industrial ​ ​ — ​ ​ — ​ ​ 3,027 ​ ​ 21 Total ​ $ 1 ​ $ — ​ $ 3,037 ​ $ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ — ​ $ 22 ​ $ — Construction and Development ​ ​ 50 ​ ​ — ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 2,663 ​ ​ * ​ ​ 257 ​ ​ 220 1-4 Family Residential ​ ​ 71 ​ ​ — ​ ​ 21 ​ ​ — Owner Occupied CRE ​ ​ 1,211 ​ ​ — ​ ​ 313 ​ ​ 51 Total ​ $ 3,999 ​ $ — ​ $ 613 ​ $ 271 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ — ​ $ 23 ​ $ — Consumer and Other ​ ​ 1 ​ ​ — ​ ​ 9 ​ ​ — Construction and Development ​ ​ 50 ​ ​ — ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 2,663 ​ ​ * ​ ​ 3,284 ​ ​ 241 1-4 Family Residential ​ ​ 71 ​ ​ — ​ ​ 21 ​ ​ — Owner Occupied CRE ​ ​ 1,211 ​ ​ — ​ ​ 313 ​ ​ 51 Total ​ $ 4,000 ​ $ — ​ $ 3,650 ​ $ 292 ______________________________________ * The Company recognized an immaterial amount of interest income during the period. Allowance for Loan Losses Allocation of a portion of the allowance for loan losses to one category of loans does not preclude its availability to absorb losses in other categories. The following presents the activity in the Company’s allowance for loan losses by portfolio class during the periods presented (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, ​ Consumer ​ Construction ​ 1-4 ​ Non-Owner ​ Owner ​ Commercial ​ ​ ​ ​ Securities ​ and ​ and ​ Family ​ Occupied ​ Occupied ​ and ​ ​ ​ and Other ​ Other ​ Development ​ Residential ​ CRE ​ CRE ​ Industrial ​ Total Changes in allowance for loan losses for the three months ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,194 ​ $ 220 ​ $ 1,074 ​ $ 4,845 ​ $ 3,235 ​ $ 1,477 ​ $ 2,312 ​ $ 14,357 (Release)/provision for loan losses ​ (97) ​ 9 ​ 496 ​ 824 ​ 402 ​ 31 ​ 91 ​ 1,756 Charge-offs ​ — ​ (50) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ (50) Recoveries ​ — ​ 18 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 18 Ending balance ​ $ 1,097 ​ $ 197 ​ $ 1,570 ​ $ 5,669 ​ $ 3,637 ​ $ 1,508 ​ $ 2,403 ​ $ 16,081 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the nine months ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,598 ​ $ 266 ​ $ 1,092 ​ $ 3,553 ​ $ 2,952 ​ $ 1,292 ​ $ 2,979 ​ $ 13,732 (Release)/provision for loan losses ​ (501) ​ 67 ​ 478 ​ 2,116 ​ 685 ​ 216 ​ (576) ​ 2,485 Charge-offs ​ — ​ (242) ​ — ​ — ​ — ​ — ​ — ​ (242) Recoveries ​ — ​ 106 ​ — ​ — ​ — ​ — ​ — ​ 106 Ending balance ​ $ 1,097 ​ $ 197 ​ $ 1,570 ​ $ 5,669 ​ $ 3,637 ​ $ 1,508 ​ $ 2,403 ​ $ 16,081 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses as of September 30, 2022 allocated to loans evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ Individually ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively ​ 1,097 ​ 197 ​ 1,570 ​ 5,669 ​ 3,637 ​ 1,508 ​ 2,403 ​ 16,081 Ending balance ​ $ 1,097 ​ $ 197 ​ $ 1,570 ​ $ 5,669 ​ $ 3,637 ​ $ 1,508 ​ $ 2,403 ​ $ 16,081 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans as of September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 4 ​ $ — ​ $ 201 ​ $ 69 ​ $ — ​ $ 1,179 ​ $ 2,184 ​ $ 3,637 Collectively evaluated for impairment ​ ​ 154,744 ​ 27,781 ​ 227,859 ​ 822,727 ​ 527,836 ​ 218,896 ​ 348,770 ​ 2,328,613 Unpaid principal balance of loans held for investment measured at fair value ​ — ​ 22,648 ​ — ​ — ​ — ​ — ​ — ​ 22,648 Ending balance ​ $ 154,748 ​ $ 50,429 ​ $ 228,060 ​ $ 822,796 ​ $ 527,836 ​ $ 220,075 ​ $ 350,954 ​ $ 2,354,898 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, ​ Consumer ​ Construction ​ 1-4 ​ Non-Owner ​ Owner ​ Commercial ​ ​ ​ ​ Securities ​ and ​ and ​ Family ​ Occupied ​ Occupied ​ and ​ ​ ​ and Other ​ Other ​ Development ​ Residential ​ CRE ​ CRE ​ Industrial ​ Total Changes in allowance for loan losses for the three months ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,843 ​ $ 196 ​ $ 871 ​ $ 3,399 ​ $ 2,223 ​ $ 1,225 ​ $ 2,795 ​ $ 12,552 (Release)/provision for loan losses ​ (51) ​ 136 ​ 48 ​ 97 ​ 271 ​ (67) ​ (28) ​ 406 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ 6 ​ — ​ — ​ — ​ — ​ — ​ 6 Ending balance ​ $ 1,792 ​ $ 338 ​ $ 919 ​ $ 3,496 ​ $ 2,494 ​ $ 1,158 ​ $ 2,767 ​ $ 12,964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the nine months ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 2,439 ​ $ 140 ​ $ 932 ​ $ 3,233 ​ $ 2,004 ​ $ 1,159 ​ $ 2,632 ​ $ 12,539 (Release)/provision for loan losses ​ (647) ​ 191 ​ (13) ​ 263 ​ 490 ​ (1) ​ 135 ​ 418 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ 7 ​ — ​ — ​ — ​ — ​ — ​ 7 Ending balance ​ $ 1,792 ​ $ 338 ​ $ 919 ​ $ 3,496 ​ $ 2,494 ​ $ 1,158 ​ $ 2,767 ​ $ 12,964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses as of December 31, 2021 allocated to loans evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ Individually ​ $ — ​ $ 2 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,751 ​ $ 1,753 Collectively ​ 1,598 ​ 264 ​ 1,092 ​ 3,553 ​ 2,952 ​ 1,292 ​ 1,228 ​ 11,979 Ending balance ​ $ 1,598 ​ $ 266 ​ $ 1,092 ​ $ 3,553 ​ $ 2,952 ​ $ 1,292 ​ $ 2,979 ​ $ 13,732 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans as of December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 6 ​ $ 2 ​ $ — ​ $ 75 ​ $ — ​ $ 1,241 ​ $ 2,938 ​ $ 4,262 Collectively evaluated for impairment ​ 261,184 ​ 34,756 ​ 178,716 ​ 580,797 ​ 482,622 ​ ​ 211,185 ​ 200,646 ​ 1,949,906 Ending balance ​ $ 261,190 ​ $ 34,758 ​ $ 178,716 ​ $ 580,872 ​ $ 482,622 ​ $ 212,426 ​ $ 203,584 ​ $ 1,954,168 ​ The Company categorizes loans into risk categories based on relevant information about the ability of the borrowers to service their debt such as: current financial information, historical payment experience, credit documentation, public information, and current economic trends, among other factors. The Company analyzes loans individually by classifying the loans by credit risk on a quarterly basis. The Company uses the following definitions for risk ratings: Special Mention—Loans classified as special mention have a potential weakness or borrowing relationships that require more than the usual amount of management attention. Adverse industry conditions, deteriorating financial conditions, declining trends, management problems, documentation deficiencies, or other similar weaknesses may be evident. Ability to meet current payment schedules may be questionable, even though interest and principal are still being paid as agreed. The asset has potential weaknesses that may result in deteriorating repayment prospects if left uncorrected. Loans in this risk grade are not considered adversely classified. Substandard—Substandard loans are considered "classified" and are inadequately protected by the current net worth and paying capacity of the obligor or by the collateral pledged, if any. Loans so classified have a well-defined weakness or weaknesses that jeopardizes the liquidation of the debt. They are characterized by the distinct possibility that the Bank will sustain some loss if the deficiencies are not corrected. Loans in this category may be placed on non-accrual status and may individually be evaluated for impairment if indicators of impairment exist. Doubtful—Loans graded Doubtful are considered "classified" and have all the weaknesses inherent in those classified as Substandard with the added characteristic that the weaknesses make collection or liquidation in full, on the basis of currently known facts, conditions, and values, highly questionable and improbable. However, the amount of certainty of eventual loss is not known because of specific pending factors. Loans accounted for under the fair value option are not rated. Loans not meeting any of the three criteria above are considered to be pass-rated loans. The following presents, by class and by credit quality indicator, the recorded investment in the Company’s loans as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 Pass Mention Substandard ​ Not Rated ​ Total Cash, Securities, and Other ​ $ 154,744 ​ $ — ​ $ 4 ​ $ — ​ $ 154,748 Consumer and Other ​ ​ 27,781 ​ ​ — ​ ​ — ​ ​ 22,648 ​ ​ 50,429 Construction and Development ​ 227,859 ​ — ​ 201 ​ ​ — ​ 228,060 1-4 Family Residential ​ ​ 822,728 ​ ​ — ​ ​ 68 ​ ​ — ​ ​ 822,796 Non-Owner Occupied CRE ​ ​ 527,794 ​ ​ 42 ​ ​ — ​ ​ — ​ ​ 527,836 Owner Occupied CRE ​ ​ 218,896 ​ ​ — ​ ​ 1,179 ​ ​ — ​ ​ 220,075 Commercial and Industrial ​ 337,003 ​ 11,767 ​ 2,184 ​ ​ — ​ 350,954 Total ​ $ 2,316,805 ​ $ 11,809 ​ $ 3,636 ​ $ 22,648 ​ $ 2,354,898 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 Pass Mention Substandard ​ Not Rated ​ Total Cash, Securities, and Other ​ $ 261,184 ​ $ — ​ $ 6 ​ $ — ​ $ 261,190 Consumer and Other ​ ​ 34,756 ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 34,758 Construction and Development ​ ​ 176,194 ​ 2,522 ​ — ​ ​ — ​ 178,716 1-4 Family Residential ​ ​ 580,797 ​ ​ — ​ ​ 75 ​ ​ — ​ ​ 580,872 Non-Owner Occupied CRE ​ ​ 476,670 ​ ​ 5,952 ​ ​ — ​ ​ — ​ ​ 482,622 Owner Occupied CRE ​ 210,493 ​ ​ — ​ ​ 1,933 ​ ​ — ​ ​ 212,426 Commercial and Industrial ​ 198,368 ​ 401 ​ 4,815 ​ ​ — ​ 203,584 Total ​ $ 1,938,462 ​ $ 8,875 ​ $ 6,831 ​ $ — ​ $ 1,954,168 ​ The Company had no loans graded doubtful as of September 30, 2022 and December 31, 2021.

GOODWILL

GOODWILL	9 Months Ended
	Sep. 30, 2022
Goodwill.
Goodwill	NOTE 5 - GOODWILL The following presents changes in the carrying amount of goodwill as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2022 ​ 2021 Beginning balance ​ $ 30,588 ​ $ 24,191 Acquisition activity ​ ​ (188) ​ ​ 6,397 Ending balance ​ $ 30,400 ​ $ 30,588 ​ During the year ended December 31, 2021, the Company recorded $6.4 million of goodwill as a result of the Teton Acquisition on December 31, 2021. In the first quarter of 2022, goodwill was adjusted by ($0.2) million as a result of the measurement period adjustments. See Note 2 – Acquisitions for more information. Goodwill is tested annually for impairment on October 31 or earlier upon the occurrence of certain events. The goodwill impairment analysis includes the determination of the carrying value of the reporting unit, including the existing goodwill, and estimating the fair value of the reporting unit. If the fair value is less than its carrying amount, goodwill impairment is recognized equal to the difference between the fair value and its carrying amount, not to exceed its carrying amount. As of September 30, 2022, there has not been any impairment of goodwill identified or recorded. Goodwill totaled $30.4 million and $30.6 million as of September 30, 2022 and December 31, 2021, respectively.

LEASES

LEASES	9 Months Ended
	Sep. 30, 2022
LEASES
LEASES	NOTE 6 - LEASES Leases in which the Company is determined to be the lessee are primarily operating leases comprised of real estate property and office space for our corporate headquarters and profit centers with terms that extend to 2032. In accordance with ASC 842, operating leases are required to be recognized as a right-of-use asset with a corresponding lease liability. The Company elected to not include short-term leases with initial terms of twelve months or less on the Condensed Consolidated Balance Sheets. The following presents the classification of the right-of-use assets and corresponding liabilities within the Condensed Consolidated Balance Sheets, as of the dates noted (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ 2022 ​ 2021 Lease Right-of-Use Assets ​ ​ Classification ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets ​ ​ Other assets ​ $ 8,583 ​ $ 10,720 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease Liabilities ​ ​ Classification ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ ​ Other liabilities ​ $ 11,312 ​ $ 13,863 ​ The Company’s operating lease agreements typically include an option to renew the lease at the Company’s discretion. To the extent the Company is reasonably certain it will exercise the renewal option at the inception of the lease, the Company will include the extended term in the calculation of the right-of-use asset and lease liability. ASC 842 requires the use of the rate implicit in the lease when it is readily determinable. As this rate is typically not readily determinable, at the inception of the lease, the Company uses its collateralized incremental borrowing rate over a similar term. The amount of the right-of-use asset and lease liability are impacted by the discount rate used to calculate the present value of the minimum lease payments over the term of the lease. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2022 ​ 2021 Weighted-Average Remaining Lease Term ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 4.86 years ​ ​ 5.26 years ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average Discount Rate ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 2.60 % ​ ​ 2.67 % ​ The Company’s operating leases contain fixed and variable lease components and it has elected to account for all classes of underlying assets as a single lease component. Variable lease costs primarily represent common area maintenance and parking. The Company recognized lease costs in Occupancy and equipment expense in the accompanying Condensed Consolidated Statements of Income. The following presents the Company’s net lease costs during the periods presented (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 ​ 2021 ​ 2022 ​ 2021 Lease Costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease cost $ 768 ​ $ 781 ​ $ 2,387 ​ $ 2,264 Variable lease cost ​ 523 ​ ​ 488 ​ ​ 1,609 ​ ​ 1,316 Lease costs, net $ 1,291 ​ $ 1,269 ​ $ 3,996 ​ $ 3,580 ​ The following presents a maturity analysis of the Company’s operating lease liabilities on an annual basis for each of the next five years and total amounts thereafter (dollars in thousands): ​ ​ ​ ​ Year Ending December 31, ​ Operating Leases 2022 (1) ​ $ 858 2023 ​ 3,131 2024 ​ ​ 2,983 2025 ​ 2,039 2026 ​ 703 Thereafter ​ 2,168 Total future minimum lease payments ​ ​ 11,882 Less: imputed interest ​ ​ (570) Present value of net future minimum lease payments ​ $ 11,312 ________________________________________ (1) ​ ​ ​ ​ ​ ​ ​ Undiscounted Year Ending December 31, ​ ​ Operating Lease Income 2022 (1) ​ $ 73 2023 ​ ​ 230 2024 ​ ​ 199 2025 ​ ​ — 2026 ​ ​ — Thereafter ​ ​ — Total undiscounted operating lease income ​ $ 502 ________________________________________ (1)

DEPOSITS

DEPOSITS	9 Months Ended
	Sep. 30, 2022
DEPOSITS
DEPOSITS	NOTE 7 - DEPOSITS The following presents the Company’s interest-bearing deposits as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Money market deposit accounts ​ $ 1,010,846 ​ $ 1,056,669 Time deposits ​ 186,680 ​ 170,491 Negotiable order of withdrawal accounts ​ 277,225 ​ 309,940 Savings accounts ​ 30,641 ​ 32,299 Total interest-bearing deposits ​ $ 1,505,392 ​ $ 1,569,399 Estimated aggregate time deposits of $250 or greater ​ $ 63,808 ​ $ 75,747 ​ Overdraft balances classified as loans totaled $0.1 million and an immaterial amount as of September 30, 2022 and December 31, 2021. The following presents the scheduled maturities of all time deposits for each of the next five years and total amounts thereafter (dollars in thousands): ​ ​ ​ ​ Year ending December 31, ​ Time Deposits 2022 (1) ​ $ 65,677 2023 ​ 79,076 2024 ​ 23,034 2025 ​ 3,138 2026 ​ 5,402 Thereafter ​ 10,353 Total ​ $ 186,680 ________________________________________ (1)

BORROWINGS

BORROWINGS	9 Months Ended
	Sep. 30, 2022
BORROWINGS
BORROWINGS	NOTE 8 - BORROWINGS The Bank has executed a blanket pledge and security agreement with the FHLB that requires certain loans and securities be pledged as collateral for any outstanding borrowings under the agreement. The collateral pledged as of September 30, 2022 and December 31, 2021 amounted to $1.13 billion and $771.4 million, respectively. Based on this collateral and the Company’s holdings of FHLB stock, the Company was eligible to borrow an additional $532.4 million as of September 30, 2022. Each advance is payable at its maturity date. The following presents the Company’s required maturities on FHLB borrowings as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, Maturity Date Rate % 2022 2021 April 22, 2022 ​ 0.37 ​ $ — ​ $ 5,000 October 1, 2022 (1) ​ 3.15 ​ ​ 257,432 ​ ​ — May 5, 2023 ​ 0.76 ​ ​ 10,000 ​ ​ 10,000 Total ​ $ 267,432 ​ $ 15,000 ________________________________________ (1) To bolster the effectiveness of the SBA’s PPP, the Federal Reserve is supplying liquidity to participating financial institutions through term financing collateralized by PPP loans to small businesses. The Paycheck Protection Program Liquidity Facility ("PPPLF") extends credit to eligible financial institutions that originate PPP loans, taking the loans as collateral at face value and bearing interest at 35 bps. The terms of the loans are directly tied to the underlying PPP loans, which were originated at 5 years. As of September 30, 2022 and December 31, 2021, the Company utilized $5.8 million and $23.6 million, respectively, under the PPPLF program which is included in the FHLB and Federal Reserve borrowings line of the Condensed Consolidated Balance Sheets. The Bank has borrowing capacity associated with three unsecured federal funds lines of credit up to $10.0 million, $19.0 million, and $25.0 million. As of September 30, 2022 and December 31, 2021, there were no amounts outstanding on any of the federal funds lines. On August 31, 2021, the Company completed the issuance and sale of subordinated notes (the "Notes") totaling $15.0 million in aggregate principal amount. The issuance included $0.3 million of issuance costs and as of September 30, 2022, a net balance of $14.8 million is included in the Subordinated notes line of the Condensed Consolidated Balance Sheets. The Notes accrue interest at a rate of 3.25% per annum until September 1, 2026, at which time the rate will adjust each quarter to the then current three-month SOFR, or an alternative rate determined in accordance with the terms of the Notes, plus 258 basis points; mature on September 1, 2031; are redeemable at the option of the Company on or after September 1, 2026; and pay interest quarterly. On November 25, 2020, the Company completed the issuance and sale of subordinated notes (the "November 2020 Sub Notes") totaling $10.0 million in aggregate principal amount. The issuance included $0.2 million of issuance costs and as of September 30, 2022, a net balance of $9.9 million is included in the Subordinated notes line of the Condensed Consolidated Balance Sheets. The November 2020 Sub Notes accrue interest at a rate of 4.25% per annum until December 1, 2025, at which time the rate will adjust each quarter to the then current three-month term SOFR, or an alternative rate determined in accordance with the terms of the November 2020 Sub Notes, plus 402 basis points; mature on December 1, 2030; are redeemable at the option of the Company on or after December 1, 2025; and pay interest semi-annually prior to December 1, 2025 and quarterly after December 1, 2025. On March 17, 2020, the Company completed the issuance and sale of subordinated notes (the ‘March 2020 Sub Notes”) totaling $8.0 million in aggregate principal amount. The issuance included $0.1 million of issuance costs and as of September 30, 2022, a net balance of $7.9 million is included in the Subordinated notes line of the Condensed Consolidated Balance Sheets. The March 2020 Sub Notes accrue interest at a rate of 5.125% per annum until March 31, 2025, at which time the rate will adjust each quarter to the then current three-month LIBOR, or an alternative rate determined in accordance with the terms of the March 2020 Sub Notes, plus 450 basis points; mature on March 31, 2030; are redeemable at the option of the Company on or after March 31, 2025; and pay interest quarterly. The Company’s borrowing facilities include various financial and other covenants, including, but not limited to, a requirement that the Bank maintains regulatory capital that is deemed "well capitalized" by federal banking agencies. See Note 17 – Regulatory Capital Matters for additional information. As of September 30, 2022 and December 31, 2021, the Company was in compliance with the covenant requirements.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2022
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	NOTE 9 - COMMITMENTS AND CONTINGENCIES The Company is party to credit-related financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its clients. These financial instruments include commitments to extend credit. Such commitments involve, to varying degrees, elements of credit and interest rate risk in excess of the amount recognized in the Condensed Consolidated Balance Sheets. Commitments may expire without being utilized. The Company’s exposure to loan loss is represented by the contractual amount of these commitments, although material losses are not anticipated. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. The following presents the Company’s financial instruments whose contract amounts represent credit risk, as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit ​ $ 210,371 ​ $ 633,990 ​ $ 136,289 ​ $ 442,035 Standby letters of credit ​ ​ 8,677 ​ ​ 20,867 ​ ​ 2,420 ​ ​ 20,940 Commitments to make loans to sell ​ ​ 23,442 ​ ​ — ​ ​ 60,529 ​ ​ — Commitments to make loans ​ ​ 83,940 ​ ​ 72,694 ​ ​ 16,256 ​ ​ 14,920 ​ Unused lines of credit are agreements to lend to a client as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. Several of the commitments may expire without being drawn upon. Therefore, the total commitment amounts do not necessarily represent future cash requirements. The amount of collateral obtained, if it is deemed necessary by the Company, is based on management’s credit evaluation of the client. Unused lines of credit under commercial lines of credit, revolving credit lines, and overdraft protection agreements are commitments for possible future extensions of credit to existing clients. These lines of credit are uncollateralized and usually do not contain a specified maturity date and may not be drawn upon to the total extent to which the Company is committed. Standby letters of credit are conditional commitments issued by the Company to guarantee the performance of a client’s obligation to a third party. Those letters of credit are primarily issued to support public and private borrowing arrangements. Substantially all letters of credit issued have expiration dates within one year. The credit risk involved in issuing letters of credit is essentially the same as that involved in extending loan facilities to clients. The Company holds collateral supporting those commitments if deemed necessary. Commitments to make loans to sell are agreements to lend to a client which would then be sold to an investor in the secondary market for which the interest rate has been locked with the client, provided there is no violation of any condition within the contract with either party. Commitments to make loans to sell have fixed interest rates. Since commitments may expire without being extended, total commitment amounts may not necessarily represent cash requirements. Commitments to make loans are agreements to lend to a client, provided there is no violation of any condition within the contract. Commitments to make loans generally have fixed expiration dates or other termination clauses. Since commitments may expire without being extended, total commitment amounts may not necessarily represent cash requirements. Litigation, Claims and Settlements The Company is, from time to time, involved in various legal actions arising in the normal course of business. While the ultimate outcome of any such proceedings cannot be predicted with certainty, it is the opinion of management, based on advice from legal counsel, that no proceedings exist, either individually or in the aggregate, which, if determined adversely to the Company, would have a material effect on the Company’s condensed consolidated financial statements.

SHAREHOLDERS EQUITY

SHAREHOLDERS EQUITY	9 Months Ended
	Sep. 30, 2022
SHAREHOLDERS EQUITY
SHAREHOLDERS EQUITY	NOTE 10 - SHAREHOLDERS’ EQUITY Common Stock The Company’s common stock has no par value and each holder of common stock is entitled to one vote for each share (though certain voting restrictions may exist on non-vested restricted stock) held. On January 6, 2022, the Company filed a Form S-3 Registration Statement with the SEC providing that the Company may offer and sell from time to time, separately or together, in multiple series or in one or more offerings, any combination of common stock, preferred stock, debt securities, warrants, depository shares and units, up to a maximum aggregate offer price of $100 million. During the nine months ended September 30, 2022, the Company sold no shares of common stock. Restricted Stock Awards In 2017, the Company issued 105,264 shares of common stock ("Restricted Stock Awards") with a value of $3.0 million to the sole member of EMC Holdings, LLC ("EMC"), subject to forfeiture based on his continued employment with the Company. Half of the Restricted Stock Awards ($1.5 million or 52,632 shares) vested ratably over five years During the three months ended September 30, 2022 and 2021, the Company recognized compensation expense of $0.1 million for the Restricted Stock Awards. During the nine months ended September 30, 2022 and 2021, the Company recognized compensation expense of $0.2 million for the Restricted Stock Awards. During the nine months ended September 30, 2022 and 2021, 10,527 and 10,526, respectively, shares of the restricted stock awards vested. As of September 30, 2022, all restricted stock awards were fully vested and no unrecognized compensation expense remains. Stock-Based Compensation Plans The 2008 Stock Incentive Plan ("the 2008 Plan") was frozen in connection with the adoption of the 2016 Plan and no new awards may be granted under the 2008 Plan. As of September 30, 2022, there were a total of 167,653 shares available for issuance under the First Western Financial, Inc. 2016 Omnibus Incentive Plan ("the 2016 Plan"). If the Awards outstanding under the 2008 Plan or the 2016 Plan are forfeited, cancelled or terminated with no consideration paid to the Company, those amounts will increase the number of shares eligible to be granted under the 2016 Plan. Stock Options The Company did not grant any stock options during the nine months ended September 30, 2022 and 2021. During the three and nine months ended September 30, 2022, the Company recognized no stock based compensation expense associated with stock options. During the three and nine months ended September 30, 2021, the Company recognized an immaterial amount of stock based compensation expense associated with stock options. As of September 30, 2022, the Company has no unrecognized stock-based compensation expense related to stock options. The following presents activity for nonqualified stock options during the nine months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ Number ​ Average ​ Remaining ​ Aggregate ​ ​ of ​ Exercise ​ Contractual ​ Intrinsic ​ Options Price Term Value Outstanding as of December 31, 2021 ​ ​ 308,574 ​ $ 29.21 ​ ​ ​ ​ ​ ​ Granted ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ Exercised ​ ​ (8,309) ​ ​ 21.50 ​ ​ ​ ​ ​ ​ Forfeited or expired ​ ​ (116,100) ​ ​ 40.00 ​ ​ ​ ​ ​ ​ Outstanding as of September 30, 2022 ​ ​ 184,165 ​ ​ 22.76 ​ ​ 2.3 ​ ​ (1) Options fully vested / exercisable as of September 30, 2022 ​ ​ 184,165 ​ ​ 22.76 ​ ​ 2.3 ​ ​ (1) ______________________________________ (1) As of September 30, 2022, there were 184,165 options that were exercisable. Exercise prices are between $20.00 and $27.00 per share, and the options are exercisable for a period of ten years from the original grant date and expire on various dates between 2023 and 2026. Restricted Stock Units Pursuant to the 2016 Plan, the Company can grant associates and non-associate directors long-term cash and stock-based compensation. Historically, the Company has granted certain associates restricted stock units which are earned over time or based on various performance measures and convert to common stock upon vesting, which are summarized here and expanded further below. The following presents the activity for the Time Vesting Units, the Financial Performance Units, and the Market Performance Units during the nine months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time ​ ​ Financial ​ ​ Market ​ ​ ​ Vesting ​ ​ Performance ​ ​ Performance ​ ​ Units ​ Units ​ Units Outstanding as of December 31, 2021 ​ ​ 249,821 ​ ​ 183,483 ​ ​ 13,746 Granted ​ ​ 156,453 ​ ​ 91,901 ​ ​ — Vested ​ ​ (79,071) ​ ​ (12,100) ​ ​ — Forfeited ​ ​ (28,050) ​ ​ (21,241) ​ ​ (13,746) Outstanding as of September 30, 2022 ​ ​ 299,153 ​ ​ 242,043 ​ ​ — ​ During the three months ended September 30, 2022, 3,851 Restricted Stock Units vested. The Company issued 2,740 shares of common stock upon the settlement and the remaining 1,111 shares were surrendered with an immaterial combined market value at the dates of settlement to cover employee withholding taxes. During the nine months ended September 30, 2022, 91,171 Restricted Stock Units vested. The Company issued 64,426 shares of common stock upon the settlement and the remaining 26,745 shares were surrendered with a combined market value at the dates of settlement of $0.8 million to cover employee withholding taxes. During the three months ended September 30, 2021, 6,025 Restricted Stock Units vested. The Company issued 4,292 shares of common stock upon the settlement and the remaining 1,733 shares were surrendered with an immaterial combined market value at the dates of settlement to cover employee withholding taxes. During the nine months ended September 30, 2021, 66,453 Restricted Stock Units vested. The Company issued 47,351 shares of common stock upon the settlement and the remaining 19,102 shares were surrendered with a combined market value at the dates of settlement of $0.5 million to cover employee withholding taxes. Time Vesting Units Time Vesting Units are granted to full-time associates and board members at the date approved by the Company’s board of directors. The Company granted 156,453 Time Vesting Units with a five-year service period during the nine months ended September 30, 2022 that vest in equal installments of 20% on the anniversary of the grant date, assuming continuous employment through the scheduled vesting dates. During the three months ended September 30, 2022 and 2021, the Company recognized compensation expense of $0.4 million for the Time Vesting Units. During the nine months ended September 30, 2022 and 2021, the Company recognized compensation expense of $1.3 million and $1.2 million, respectively, for the Time Vesting Units. As of September 30, 2022, there was $6.5 million of unrecognized compensation expense related to the Time Vesting Units, which is expected to be recognized over a weighted-average period of 2.1 years. Financial Performance Units Financial Performance Units are granted to certain key associates and are earned based on the Company achieving various financial performance metrics. If the Company achieves the financial metrics, which include various thresholds from 0% up to 150%, then the Financial Performance Units will have a subsequent vesting period. The following presents the Company’s existing Financial Performance Units as of September 30, 2022 (dollars in thousands, except share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grant Period ​ Threshold Accrual ​ Maximum Issuable Shares at Current Threshold ​ Unrecognized Compensation Expense ​ Weighted-Average (1) ​ Financial Metric End Date ​ Vesting Requirement End Date May 1, 2019 through April 30, 2020 ​ 150 % 71,547 ​ $ 188 ​ 1.3 years ​ December 31, 2021 ​ December 31, 2023 May 1, 2020 through December 31, 2020, excluding November 18, 2020 ​ 150 ​ 75,846 ​ ​ 306 ​ 2.3 years ​ December 31, 2022 ​ December 31, 2023 November 18, 2020 ​ 116 ​ 25,221 ​ ​ 262 ​ 2.1 years ​ December 31, 2022 ​ 50% November 18, 2023 & 2025 May 3, 2021 through August 11, 2021 ​ 150 ​ 55,413 ​ ​ 673 ​ 3.3 years ​ December 31, 2023 ​ December 31, 2025 May 2, 2022 ​ 52 ​ 29,996 ​ ​ 2,619 ​ 4.3 years ​ December 31, 2024 ​ December 31, 2026 August 4, 2022 ​ 100 ​ 27,272 ​ ​ 723 ​ 4.3 years ​ December 31, 2024 ​ December 31, 2026 ______________________________________ (1) The following presents the Company’s Financial Performance Units activity during the periods presented (dollars in thousands, except share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Units Granted ​ Compensation Expense Recognized ​ ​ Nine Months Ended September 30, ​ Three Months Ended September 30, ​ Nine Months Ended September 30, Grant Period ​ 2022 ​ 2021 ​ 2022 ​ 2021 ​ ​ 2022 ​ 2021 Prior to May 1, 2019 ​ ​ — ​ ​ — ​ $ — ​ $ 5 ​ $ — ​ $ 23 May 1, 2019 through April 30, 2020 ​ ​ — ​ ​ — ​ ​ 4 ​ ​ 37 ​ ​ 94 ​ ​ 154 May 1, 2020 through December 31, 2020, excluding November 18, 2020 ​ ​ — ​ ​ — ​ ​ 45 ​ ​ 44 ​ ​ 127 ​ ​ 153 November 18, 2020 ​ ​ ​ ​ ​ — ​ ​ (1) ​ ​ 30 ​ ​ 27 ​ ​ 94 May 3, 2021 through August 11, 2021 ​ ​ — ​ ​ 41,743 ​ ​ 72 ​ ​ 83 ​ ​ 211 ​ ​ 140 May 2, 2022 ​ ​ 64,629 ​ ​ — ​ ​ 31 ​ ​ — ​ ​ 89 ​ ​ — August 4, 2022 ​ ​ 27,272 ​ ​ — ​ ​ 28 ​ ​ — ​ ​ 28 ​ ​ — ​ Market Performance Units Market Performance Units were granted to certain key associates and are earned based on growth in the value of the Company’s common stock, and were dependent on the Company completing an initial public offering of stock during a defined period of time. On July 23, 2018, the Company completed its initial public offering and the Market Performance Units performance condition was met. Subsequent to the performance condition, there was also a market condition as a vesting requirement for the Market Performance Units. If the Company’s common stock was trading at or above certain prices, over a performance period which ended on June 30, 2020, the Market Performance Units would have been determined to be earned and vest following the completion of a subsequent service period, which ended on June 30, 2022. The Company’s common stock did not trade at or above the required prices over the performance period and as a result, no Market Performance Units were eligible to be earned. During the first two quarters of 2022, the Company recognized an immaterial amount of compensation expense for the Market Performance Units. During the three and nine months ended September 30, 2021, the Company recognized an immaterial amount of compensation expense for the Market Performance Units. As of the end of the subsequent service period, or June 30, 2022, the Company had no remaining unrecognized compensation expense related to the Market Performance Units.

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE	9 Months Ended
	Sep. 30, 2022
EARNINGS PER COMMON SHARE
EARNINGS PER COMMON SHARE	NOTE 11 - EARNINGS PER COMMON SHARE The following presents the calculation of basic and diluted earnings per common share during the periods presented (dollars in thousands, except share and per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 2021 2022 2021 Earnings per common share - Basic ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available for common shareholders ​ $ 6,221 $ 6,417 ​ $ 16,227 $ 18,693 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ 9,481,311 7,979,869 ​ 9,450,436 7,959,268 Earnings per common share - basic ​ $ 0.66 ​ $ 0.80 ​ $ 1.72 ​ $ 2.35 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available for common shareholders ​ $ 6,221 $ 6,417 ​ $ 16,227 $ 18,693 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ ​ 9,481,311 ​ ​ 7,979,869 ​ ​ 9,450,436 ​ ​ 7,959,268 Diluted effect of common stock equivalents: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options ​ ​ 30,599 ​ ​ 35,428 ​ ​ 45,934 ​ ​ 25,400 Time Vesting Units ​ ​ 80,757 ​ ​ 144,479 ​ ​ 130,795 ​ ​ 126,231 Financial Performance Units ​ ​ 80,411 ​ ​ 73,135 ​ ​ 85,362 ​ ​ 64,542 Market Performance Units ​ ​ — ​ ​ 13,442 ​ ​ 4,551 ​ ​ 13,825 Total diluted effect of common stock equivalents ​ ​ 191,767 ​ ​ 266,484 ​ ​ 266,642 ​ ​ 229,998 Diluted weighted average shares ​ 9,673,078 8,246,353 ​ 9,717,078 8,189,266 Earnings per common share - diluted ​ $ 0.64 ​ $ 0.78 ​ $ 1.67 ​ $ 2.28 ​ Diluted earnings per share was computed without consideration to potentially dilutive instruments as their inclusion would have been anti-dilutive. The following presents potentially dilutive securities excluded from the diluted earnings per share calculation during the periods presented: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 2021 ​ 2022 2021 Stock options ​ ​ — ​ ​ 139,639 ​ ​ — ​ ​ 186,462 Time Vesting Units ​ ​ 115,636 ​ ​ — ​ ​ 79,193 ​ ​ 1,327 Financial Performance Units ​ ​ 94,210 ​ ​ 40,745 ​ ​ 31,403 ​ ​ 30,216 Restricted Stock Awards ​ ​ — ​ ​ 10,527 ​ ​ — ​ ​ 10,527 Total potentially dilutive securities ​ ​ 209,846 ​ ​ 190,911 ​ ​ 110,596 ​ ​ 228,532 ​

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2022
INCOME TAXES
INCOME TAXES	NOTE 12 - INCOME TAXES During the three and nine months ended September 30, 2022, the Company recorded an income tax provision of $2.0 million and $5.3 million, respectively, reflecting an effective tax rate of 24.5% and 24.6%, respectively. During the three and nine months ended September 30, 2021, the Company recorded an income tax provision of $2.0 million and $6.0 million, respectively, reflecting an effective tax rate of 24.2% and 24.3%, respectively.

RELATED-PARTY TRANSACTIONS

RELATED-PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2022
RELATED-PARTY TRANSACTIONS
RELATED-PARTY TRANSACTIONS	NOTE 13 - RELATED-PARTY TRANSACTIONS The Bank extends credit to certain covered parties including Company directors, executive officers, and their affiliates. As of September 30, 2022 and December 31, 2021, there were no delinquent or non-performing loans to any executive officer or director of the Company. These covered parties, along with principal owners, management, immediate family of management or principal owners, a parent company and its subsidiaries, trusts for the benefit of employees, and other parties, may be considered related parties. The following presents a summary of related-party loan activity as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 December 31, 2021 Balance, beginning of year ​ $ 12,833 ​ $ 14,321 Funded loans ​ 13,903 ​ 11,294 Payments collected ​ (9,964) ​ (12,782) Balance, end of period ​ $ 16,772 ​ $ 12,833 ​ Deposits from related parties held by the Bank as of September 30, 2022 and December 31, 2021 totaled $25.6 million and $51.0 million, respectively. The Company leases office space from an entity controlled by one of the Company’s board members. During the nine months ended September 30, 2022 and 2021, the Company incurred $0.2 million of expenses related to these leases.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2022
FAIR VALUE
FAIR VALUE	NOTE 14 - FAIR VALUE Fair value is the exchange price that would be received for an asset or paid to transfer a liability (exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There are three levels of inputs that may be used to measure fair values: Level 1: Quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity has the ability to access as of the measurement date. Level 2: Significant other observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3: Significant unobservable inputs that reflect a company’s own assumptions about the assumptions that market participants would use in pricing an asset or liability. Recurring Fair Value Available-for-sale securities : Equity Securities Equity Warrants Guarantee Asset and Liability : Mortgage Related Derivatives : Loans Held for Investment Mortgage Loans Held for Sale : The following presents assets and liabilities measured on a recurring basis as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported September 30, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Mortgage loans held for sale ​ $ — ​ $ 12,743 ​ $ — ​ $ 12,743 Loans held at fair value ​ $ — ​ $ — ​ $ 22,871 ​ $ 22,871 Forward commitments and FSC ​ $ — ​ $ 1,139 ​ $ (11) ​ $ 1,128 Equity securities ​ $ 626 ​ $ 122 ​ $ — ​ $ 748 Guarantee asset ​ $ — ​ $ — ​ $ 159 ​ $ 159 IRLC, net ​ $ — ​ $ — ​ $ 138 ​ $ 138 Equity warrants ​ $ — ​ $ — ​ $ 827 ​ $ 827 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported December 31, 2021 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 247 ​ $ — ​ $ — ​ $ 247 U.S. Government Agency ​ ​ — ​ ​ 3,522 ​ ​ — ​ ​ 3,522 Corporate bonds ​ ​ — ​ ​ 6,212 ​ ​ 2,113 ​ ​ 8,325 GNMA mortgage-backed securities - residential ​ — ​ 26,650 ​ — ​ 26,650 FNMA mortgage-backed securities - residential ​ ​ — ​ ​ 14,443 ​ ​ — ​ ​ 14,443 Government CMO and MBS ​ ​ — ​ ​ 878 ​ ​ — ​ ​ 878 Corporate CMO and MBS ​ — ​ 1,497 ​ — ​ 1,497 Total securities available-for-sale ​ $ 247 ​ $ 53,202 ​ $ 2,113 ​ $ 55,562 Mortgage loans held for sale ​ $ — ​ $ 30,620 ​ $ — ​ $ 30,620 Forward commitments and FSC ​ $ — ​ $ (65) ​ $ (9) ​ $ (74) Equity securities ​ $ 709 ​ $ 489 ​ $ — ​ $ 1,198 Guarantee asset ​ $ — ​ $ — ​ $ 237 ​ $ 237 IRLC, net ​ $ — ​ $ — ​ $ 1,473 ​ $ 1,473 Equity warrants ​ $ — ​ $ — ​ $ 160 ​ $ 160 ​ There were no transfers between levels during the nine months ended September 30, 2022 or year ended December 31, 2021. On April 1, 2022, the Company elected to transfer all securities classified as available-for-sale to held-to-maturity and are now carried at amortized cost. See Note 3 – Investment Securities for more information. As of December 31, 2021, U.S. Treasury debt was reported at fair value utilizing Level 1 inputs. Three Corporate bonds were reported at fair value utilizing Level 3 inputs. The remaining portfolio of securities were reported at fair value with Level 2 inputs provided by a pricing service. The majority of the securities had credit support provided by the Federal Home Loan Mortgage Corporation, GNMA, and FNMA. Factors used to value the securities by the pricing service include: benchmark yields, reported trades, interest spreads, prepayments, and other market research. In addition, ratings and collateral quality were considered. As of September 30, 2022, equity securities, equity warrants, IRLC, and guarantee assets have been recorded at fair value within the Other assets line item in the Condensed Consolidated Balance Sheets. All changes are recorded in the Other line item in the Condensed Consolidated Statements of Income. Fair Value Option ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Total Loans ​ Non Accruals ​ 90 Days or More Past Due ​ ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference Loans held for sale ​ $ 12,743 ​ $ 12,955 ​ $ (212) ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Loans held for investment ​ ​ 22,871 ​ ​ 22,648 ​ ​ 223 ​ ​ 59 ​ ​ 56 ​ ​ 3 ​ ​ 59 ​ ​ 56 ​ ​ 3 ​ ​ $ 35,614 ​ $ 35,603 ​ $ 11 ​ $ 59 ​ $ 56 ​ $ 3 ​ $ 59 ​ $ 56 ​ $ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Total Loans ​ Non Accruals ​ 90 Days or More Past Due ​ ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference Loans held for sale ​ $ 30,620 ​ $ 29,857 ​ $ 763 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Loans held for investment ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 30,620 ​ $ 29,857 ​ $ 763 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 Loans held for sale ​ $ (556) ​ $ (213) ​ $ (975) ​ $ (4,378) Loans held for investment ​ ​ (105) ​ ​ — ​ ​ 223 ​ ​ — ​ ​ $ (661) ​ $ (213) ​ $ (752) ​ $ (4,378) ​ The following summarizes the activity pertaining to loans accounted for under the fair value option as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, Loans held for sale ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 Balance at beginning of period ​ $ 26,202 ​ $ 48,563 ​ $ 30,620 ​ $ 161,843 Loans originated ​ ​ 82,372 ​ ​ 256,284 ​ ​ 377,631 ​ ​ 1,082,120 Fair value changes ​ ​ (556) ​ ​ (213) ​ ​ (975) ​ ​ (4,378) Sales ​ ​ (95,053) ​ ​ (252,242) ​ ​ (394,261) ​ ​ (1,183,876) Settlements ​ ​ (222) ​ ​ (1,083) ​ ​ (272) ​ ​ (4,400) Balance at end of period ​ $ 12,743 ​ $ 51,309 ​ $ 12,743 ​ $ 51,309 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, Loans held for investment ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 Balance at beginning of period ​ $ 21,477 ​ $ — ​ $ — ​ $ — Loans acquired ​ ​ 7,860 ​ ​ — ​ ​ 32,109 ​ ​ — Fair value changes ​ ​ (105) ​ ​ — ​ ​ 223 ​ ​ — Settlements ​ ​ (6,361) ​ ​ — ​ ​ (9,461) ​ ​ — Balance at end of period ​ $ 22,871 ​ $ — ​ $ 22,871 ​ $ — ​ Nonrecurring Fair Value Other Real Estate Owned (“OREO”) : Impaired Loans : Appraisals for both collateral-dependent impaired loans and OREO are performed by certified general appraisers (for commercial properties) or certified residential appraisers (for residential properties) whose qualifications and licenses have been reviewed and verified by the Company. Once received, the Company reviews the assumptions and approaches utilized in the appraisal as well as the overall resulting fair value in comparison with independent data sources such as recent market data or industry-wide statistics. The following presents assets measured on a nonrecurring basis as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported September 30, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance OREO: ​ ​ ​ ​ Commercial properties ​ $ — ​ $ — ​ $ 187 ​ $ 187 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported December 31, 2021 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Impaired loans (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ — ​ $ — ​ $ 439 ​ $ 439 ______________________________________ (1) The sales comparison approach was utilized for estimating the fair value of non-recurring assets. In the second quarter of 2022, the Company recorded $0.4 million of OREO as a result of obtaining physical possession of a foreclosed property as partial consideration for amounts owed on an impaired loan. In the third quarter of 2022, one of the units associated with the property was sold for $0.2 million. As of September 30, 2022, the remaining unit of the OREO property had a carrying amount of $0.2 million. As of December 31, 2021, the Company did not own any OREO properties. As of December 31, 2021, total impaired loans measured for impairment using the fair value of the collateral dependent loans had carrying values of $2.2 million with valuation allowances of $1.8 million and were classified as Level 3. Impaired loans accounted for no specific reserves as of September 30, 2022 and $1.8 million as of December 31, 2021. The Company did not have any charge offs during the nine months ended September 30, 2022 from the specific reserve. The Company charged off an immaterial amount during the year ended December 31, 2021 from the specific reserve. Level 3 Analysis The following presents a reconciliation for Level 3 instruments measured at fair value on a recurring basis as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022 Corporate Bonds Loans Held at Fair Value ​ FSC Guarantee Asset IRLC Equity Warrants Beginning balance ​ $ — ​ $ 21,477 ​ $ — ​ $ 174 ​ $ 990 ​ $ 725 Acquisitions ​ — ​ ​ 7,867 ​ ​ (11) ​ — ​ ​ 170 ​ 102 Originations ​ — ​ ​ — ​ ​ — ​ — ​ ​ (720) ​ — Gains/(losses) in net income, net ​ ​ — ​ ​ (134) ​ ​ — ​ ​ (15) ​ ​ (302) ​ ​ — Settlements ​ ​ — ​ ​ (6,339) ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending balance ​ $ — ​ $ 22,871 ​ $ (11) ​ $ 159 ​ $ 138 ​ $ 827 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 Corporate Bonds Loans Held at Fair Value ​ FSC Guarantee Asset IRLC Equity Warrants Beginning balance ​ $ — ​ $ — ​ $ — ​ $ 196 ​ $ 2,809 ​ $ — Acquisitions ​ — ​ ​ — ​ ​ (17) ​ — ​ ​ 6,617 ​ — Originations ​ — ​ ​ — ​ ​ — ​ — ​ ​ (7,705) ​ — Gains/(losses) in net income, net ​ ​ — ​ ​ — ​ ​ — ​ ​ 35 ​ ​ 464 ​ ​ — Ending balance ​ $ — ​ $ — ​ $ (17) ​ $ 231 ​ $ 2,185 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 Corporate Bonds Loans Held at Fair Value ​ FSC Guarantee Asset IRLC Equity Warrants Beginning balance ​ $ 2,113 ​ $ — ​ $ (9) ​ $ 237 ​ $ 1,473 ​ $ 160 Acquisitions ​ 4,000 ​ ​ 32,599 ​ ​ (2) ​ — ​ ​ 1,253 ​ 344 Originations ​ — ​ ​ — ​ ​ — ​ — ​ ​ (2,783) ​ — Gains/(losses) in net income, net ​ ​ — ​ ​ (289) ​ ​ — ​ ​ (78) ​ ​ 195 ​ ​ 323 Unrealized gains, net ​ ​ 102 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Transfer to held-to-maturity ​ (6,215) ​ ​ — ​ ​ — ​ — ​ ​ — ​ — Settlements ​ ​ — ​ ​ (9,439) ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending balance ​ $ — ​ $ 22,871 ​ $ (11) ​ $ 159 ​ $ 138 ​ $ 827 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 Corporate Bonds Loans Held at Fair Value ​ FSC Guarantee Asset IRLC Equity Warrants Beginning balance ​ $ — ​ $ — ​ $ (89) ​ $ 232 ​ $ 9,841 ​ $ — Acquisitions ​ — ​ — ​ ​ (190) ​ — ​ ​ 15,123 ​ — Originations ​ — ​ — ​ ​ — ​ 2 ​ ​ (20,702) ​ — Gains/(losses) in net income, net ​ ​ — ​ ​ — ​ ​ 262 ​ ​ (3) ​ ​ (2,077) ​ ​ — Ending balance ​ $ — ​ $ — ​ $ (17) ​ $ 231 ​ $ 2,185 ​ $ — ​ The following presents quantitative information about Level 3 assets measured on a recurring and nonrecurring basis as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements as of September 30, 2022 ​ ​ ​ ​ ​ Valuation ​ Significant ​ Range ​ ​ Fair Value ​ Technique ​ Unobservable Input ​ (Weighted Average) Recurring fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment at fair value ​ $ 22,871 ​ ​ Discounted cash flow ​ ​ Discount rate ​ ​ 4% to 18% (9%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FSC ​ ​ (11) ​ ​ Internal pricing model ​ ​ Market Differential ​ ​ 56 bps to 67 bps ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantee asset ​ ​ 159 ​ ​ Discounted cash flow ​ ​ Discount rate ​ ​ 5% (5%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC, net ​ ​ 138 ​ ​ Best execution model ​ ​ Pull through ​ ​ 73% to 100% (94%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity warrants ​ ​ 827 ​ ​ Black-Scholes option pricing model ​ ​ Volatility ​ ​ 31.2% to 32.4% (31.4%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonrecurring fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OREO: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial properties ​ ​ 187 ​ ​ Appraisal value ​ ​ Commission, cost to sell, closing costs ​ ​ 9% (9%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements as of December 31, 2021 ​ ​ ​ ​ ​ Valuation ​ Significant ​ Range ​ ​ Fair Value ​ Technique ​ Unobservable Input ​ (Weighted Average) Recurring fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate Bonds ​ $ 2,113 ​ ​ Discounted cash flow ​ ​ Discount rate ​ ​ 7% (7%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FSC ​ ​ (9) ​ ​ Internal pricing model ​ ​ Market Differential ​ ​ -14bps to -2 bps ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantee asset ​ ​ 237 ​ ​ Discounted cash flow ​ ​ Discount rate ​ ​ 3% (3%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC, net ​ ​ 1,473 ​ ​ Best execution model ​ ​ Pull through ​ ​ 71% to 100% (88%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity warrants ​ ​ 160 ​ ​ Black-Scholes option pricing model ​ ​ Volatility ​ ​ 24% to 37% (32%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonrecurring fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ ​ 439 ​ ​ Sales comparison, Market approach - guideline transaction method ​ ​ Management discount for asset/property type ​ ​ 17% - 45% (39%) ______________________________________ (1) ​ ​ Estimated Fair Value of Other Financial Instruments The following presents carrying amounts and estimated fair values for financial instruments not carried at fair value as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using: September 30, 2022 Amount Level 1 Level 2 Level 3 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 165,248 ​ $ 165,248 ​ $ — ​ $ — Held-to-maturity securities ​ ​ 84,257 ​ ​ 232 ​ ​ 69,927 ​ ​ 8,465 Loans, net ​ 2,335,241 ​ — ​ — ​ 2,315,505 Accrued interest receivable ​ 8,451 ​ 3 ​ 440 ​ 8,008 Liabilities: ​ ​ ​ ​ Deposits ​ ​ 2,167,447 ​ ​ 1,980,757 ​ ​ — ​ ​ 189,552 Borrowings: ​ ​ ​ ​ FHLB borrowings – fixed rate ​ 267,432 ​ — ​ 267,211 ​ — Federal Reserve borrowings – fixed rate ​ 5,793 ​ — ​ 5,793 ​ — Subordinated notes – fixed-to-floating rate ​ 32,584 ​ — ​ — ​ 35,030 Accrued interest payable ​ ​ 664 ​ ​ — ​ ​ 404 ​ ​ 260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using: December 31, 2021 ​ Amount ​ Level 1 ​ Level 2 ​ Level 3 Assets: ​ ​ ​ ​ Cash and cash equivalents ​ $ 386,983 ​ $ 386,983 ​ $ — ​ $ — Loans, net ​ 1,935,405 ​ — ​ — ​ 1,919,625 Accrued interest receivable ​ 7,151 ​ 2 ​ 203 ​ 6,946 Liabilities: ​ ​ ​ ​ Deposits ​ ​ 2,205,703 ​ ​ 2,035,212 ​ ​ — ​ ​ 172,240 Borrowings: ​ ​ ​ ​ FHLB borrowings – fixed rate ​ 15,000 ​ — ​ 14,990 ​ — Federal Reserve borrowings – fixed rate ​ ​ 23,629 ​ — ​ 23,629 ​ — Subordinated notes – fixed-to-floating rate ​ ​ 39,031 ​ — ​ — ​ 40,325 Accrued interest payable ​ ​ 355 ​ ​ 9 ​ ​ 77 ​ ​ 269 ​ The fair value estimates presented and discussed above are based on pertinent information available to management as of the dates specified. The estimated fair value amounts are based on the exit price notion set forth by ASU 2016-01. Although management is not aware of any factors that would significantly affect the estimated fair values, such amounts have not been comprehensively revalued for purposes of these condensed consolidated financial statements since the balance sheet dates. Therefore, current estimates of fair value may differ significantly from the amounts presented herein. The methods and assumptions, not previously presented, used to estimate fair values are described as follows. Cash and Cash Equivalents and Restricted Cash Held-to-maturity securities Loans, net Accrued Interest Receivable and Payable Deposits Fixed Rate Borrowings Fixed-to-Floating Rate Borrowings

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
	Sep. 30, 2022
SEGMENT REPORTING
SEGMENT REPORTING	NOTE 15 - SEGMENT REPORTING The Company’s reportable segments consist of Wealth Management and Mortgage. The chief operating decision maker ("CODM") is the Chief Executive Officer. The measure of profit or loss used by the CODM to identify and measure the Company’s reportable segments is income before income tax. The Wealth Management segment consists of operations relative to the Company’s fully integrated wealth management products and services. Services provided include deposit, loan, insurance, and trust and investment management advisory products and services. The Mortgage segment consists of operations relative to the Company’s residential mortgage service offerings. Mortgage products and services are financial in nature for which premiums are recognized net of expenses, upon the sale of mortgage loans to third parties. The following presents the financial information for each segment that is specifically identifiable or based on allocations using internal methods as of or during the periods presented (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of or for the three months ended September 30, 2022 ​ Wealth Management ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 26,530 $ — $ 26,530 Total interest expense ​ ​ 3,733 ​ ​ — ​ ​ 3,733 Provision for loan losses ​ ​ 1,756 ​ ​ — ​ ​ 1,756 Net interest income, after provision for loan losses ​ ​ 21,041 ​ ​ — ​ ​ 21,041 Non-interest income ​ ​ 5,514 ​ ​ 940 ​ ​ 6,454 Total income before non-interest expense ​ ​ 26,555 ​ ​ 940 ​ ​ 27,495 Depreciation and amortization expense ​ ​ 492 ​ 10 ​ 502 All other non-interest expense ​ ​ 17,029 ​ ​ 1,729 ​ ​ 18,758 Income before income taxes ​ $ 9,034 ​ $ (799) ​ $ 8,235 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 30,400 $ — $ 30,400 Total assets ​ ​ 2,713,603 ​ 15,096 ​ 2,728,699 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of or for the three months ended September 30, 2021 ​ Wealth Management ​ Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 16,146 ​ $ — $ 16,146 Total interest expense ​ ​ 1,300 ​ ​ — ​ 1,300 Provision for loan losses ​ ​ 406 ​ ​ — ​ 406 Net interest income, after provision for loan losses ​ ​ 14,440 ​ ​ — ​ 14,440 Non-interest income ​ ​ 5,995 ​ ​ 4,497 ​ 10,492 Total income before non-interest expense ​ ​ 20,435 ​ ​ 4,497 ​ 24,932 Depreciation and amortization expense ​ ​ 272 ​ ​ 13 ​ 285 All other non-interest expense ​ ​ 13,964 ​ ​ 2,217 ​ 16,181 Income before income taxes ​ $ 6,199 ​ $ 2,267 $ 8,466 ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 24,191 ​ $ — $ 24,191 Total assets ​ ​ 2,020,896 ​ ​ 55,376 ​ 2,076,272 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of or for the nine months ended September 30, 2022 ​ Wealth Management ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 67,826 $ — $ 67,826 Total interest expense ​ ​ 6,607 ​ ​ — ​ 6,607 Provision for loan losses ​ ​ 2,485 ​ ​ — ​ 2,485 Net interest income, after provision for loan losses ​ ​ 58,734 ​ ​ — ​ 58,734 Non-interest income ​ ​ 17,259 ​ ​ 4,735 ​ 21,994 Total income before non-interest expense ​ ​ 75,993 ​ ​ 4,735 ​ 80,728 Depreciation and amortization expense ​ ​ 1,562 ​ ​ 34 ​ 1,596 All other non-interest expense ​ ​ 51,460 ​ ​ 6,145 ​ 57,605 Income before income taxes ​ $ 22,971 ​ $ (1,444) $ 21,527 ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 30,400 ​ $ — $ 30,400 Total assets ​ ​ 2,713,603 ​ ​ 15,096 ​ 2,728,699 ​ F ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of or for the nine months ended September 30, 2021 ​ Wealth Management ​ Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 46,193 ​ $ — $ 46,193 Total interest expense ​ ​ 4,071 ​ ​ — ​ 4,071 Provision for loan losses ​ ​ 418 ​ ​ — ​ 418 Net interest income, after provision for loan losses ​ ​ 41,704 ​ ​ — ​ 41,704 Non-interest income ​ ​ 16,973 ​ ​ 13,621 ​ 30,594 Total income before non-interest expense ​ ​ 58,677 ​ ​ 13,621 ​ 72,298 Depreciation and amortization expense ​ ​ 792 ​ ​ 40 ​ 832 All other non-interest expense ​ ​ 38,786 ​ ​ 7,987 ​ 46,773 Income before income taxes ​ $ 19,099 ​ $ 5,594 $ 24,693 ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 24,191 ​ $ — $ 24,191 Total assets ​ ​ 2,020,896 ​ ​ 55,376 ​ 2,076,272 ​

LOW-INCOME HOUSING TAX CREDIT I

LOW-INCOME HOUSING TAX CREDIT INVESTMENT	9 Months Ended
	Sep. 30, 2022
LOW-INCOME HOUSING TAX CREDIT INVESTMENTS
LOW-INCOME HOUSING TAX CREDIT INVESTMENTS	NOTE 16 – LOW-INCOME HOUSING TAX CREDIT INVESTMENTS On December 19, 2019, the Company invested in a low-income housing tax credit ("LIHTC") investment. As of September 30, 2022 and December 31, 2021, the balance of the LIHTC investment was $2.5 million and $2.6 million, respectively. These balances are reflected in the Other assets line item of the Condensed Consolidated Balance Sheets. There were no unfunded commitments related to the LIHTC investment as of September 30, 2022. As of December 31, 2021, total unfunded commitments were $0.2 million. The Company uses the proportional amortization method to account for this investment. Amortization expense is included within the Income tax expense line item of the Condensed Consolidated Statements of Income. During the three months ended September 30, 2022 and 2021, the Company recognized amortization expense of $0.1 million. During the nine months ended September 30, 2022 and 2021, the Company recognized amortization expense of $0.3 million. Additionally, during the three months ended September 30, 2022 and 2021, the Company recognized $0.1 million of tax credits and other benefits from the LIHTC investment. During the nine months ended September 30, 2022 and 2021, the Company recognized $0.3 million of tax credits and other benefits. During the three and nine months ended September 30, 2022 and 2021, the Company did not incur any impairment losses.

REGULATORY CAPITAL MATTERS

REGULATORY CAPITAL MATTERS	9 Months Ended
	Sep. 30, 2022
REGULATORY CAPITAL MATTERS
REGULATORY CAPITAL MATTERS	NOTE 17 - REGULATORY CAPITAL MATTERS First Western and the Bank are subject to various regulatory capital adequacy requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s condensed consolidated financial statements. Under capital adequacy guidelines and, additionally for banks, the regulatory framework for prompt corrective action, First Western and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities, and certain off-balance sheet items as calculated under regulatory accounting practices. First Western and the Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators regarding components, risk weightings, and other factors. The final rules implementing Basel Committee on Banking Supervision’s capital guidelines for U.S. banks ("Basel III rules") have been fully phased in. The net unrealized gain or loss on available-for-sale securities is not included in computing regulatory capital. During the year ended December 31, 2021, First Western made a capital injection of $2.9 million into the Bank. Management believes as of September 30, 2022, First Western and the Bank meet all capital adequacy requirements to which they are subject. Prompt corrective action regulations for First Western and the Bank provide five classifications: well capitalized, adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized, although these terms are not used to represent overall financial condition. If adequately capitalized, regulatory approval is required to accept brokered deposits. If undercapitalized, capital distributions are limited, as is asset growth and expansion, and capital restoration plans are required. The standard ratios established by First Western and the Bank’s primary regulators to measure capital require First Western and the Bank to maintain minimum amounts and ratios, set forth in the following table. These ratios are common equity Tier 1 capital ("CET1"), Tier 1 capital and total capital (as defined in the regulations) to risk-weighted assets (as defined), and Tier 1 capital (as defined) to average assets (as defined). The actual capital ratios of First Western and the Bank, along with the applicable regulatory capital requirements as of September 30, 2022, were calculated in accordance with the requirements of Basel III. The final rules of Basel III also established a “capital conservation buffer” of 2.5% above new regulatory minimum capital ratios, which are fully effective following minimum ratios: (i) a CET1 ratio of 7.0%; (ii) a Tier 1 capital ratio of 8.5%; and (iii) a total capital ratio of 10.5%. Banks are subject to limitations on paying dividends, engaging in share repurchases, and paying discretionary bonuses if its capital level falls below the buffer amount. These limitations establish a maximum percentage of eligible retained income that can be utilized for such activities. As of September 30, 2022 and December 31, 2021, the most recent filings with the FDIC categorized First Western and the Bank as well capitalized under the regulatory guidelines. To be categorized as well capitalized, an institution must maintain minimum CET1 risk-based, Tier 1 risk-based, total risk-based, and Tier 1 leverage ratios as set forth in the following table. Management believes there are no conditions or events since September 30, 2022, that have changed the categorization of First Western and the Bank as well capitalized. Management believes First Western and the Bank met all capital adequacy requirements to which it was subject as of September 30, 2022 and December 31, 2021. The following presents the actual and required capital amounts and ratios as of dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ ​ Required for Capital ​ ​ Corrective Action ​ ​ Actual ​ ​ Adequacy Purposes (1) ​ ​ Regulations September 30, 2022 Amount Ratio ​ Amount Ratio ​ Amount Ratio Tier 1 capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ $ 222,270 10.32 % ​ $ 129,177 6.0 % ​ $ 172,236 ​ 8.0 % Consolidated ​ ​ 206,223 ​ 9.54 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ CET1 to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 222,270 10.32 ​ ​ ​ 96,883 4.5 ​ ​ ​ 139,942 6.5 ​ Consolidated ​ ​ 206,223 ​ 9.54 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ Total capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 238,853 11.09 ​ ​ 172,236 8.0 ​ ​ 215,295 10.0 ​ Consolidated ​ ​ 255,806 ​ 11.84 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ Tier 1 capital to average assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 222,270 8.84 ​ ​ 100,623 4.0 ​ ​ 125,778 5.0 ​ Consolidated ​ ​ 206,223 ​ 8.18 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ ​ Required for Capital ​ ​ Corrective Action ​ ​ Actual ​ ​ Adequacy Purposes (1) ​ ​ Regulations December 31, 2021 Amount Ratio ​ Amount Ratio ​ Amount Ratio Tier 1 capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ $ 203,164 11.40 % ​ $ 106,945 6.0 % ​ $ 142,594 ​ 8.0 % Consolidated ​ ​ 188,777 ​ 10.54 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ CET1 to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 203,164 11.40 ​ ​ ​ 80,209 4.5 ​ ​ ​ 115,858 6.5 ​ Consolidated ​ ​ 188,777 ​ 10.54 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ Total capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 217,215 12.19 ​ ​ 142,594 8.0 ​ ​ 178,242 10.0 ​ Consolidated ​ ​ 242,388 ​ 13.54 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ Tier 1 capital to average assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 203,164 10.05 ​ ​ 80,887 4.0 ​ ​ 101,108 5.0 ​ Consolidated ​ ​ 188,777 ​ 9.31 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ ______________________________________ (1)

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2022
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Business and Basis of Presentation	Business and Basis of Presentation FWFI is a bank holding company with financial holding company status registered with the Board of Governors of the Federal Reserve System. FWFI wholly owns the following subsidiaries: First Western Trust Bank (the "Bank") and Ryder, Stilwell Inc. ("RSI"). The Bank wholly owns the following subsidiaries, which are therefore indirectly wholly-owned by FWFI: First Western Merger Corporation ("Merger Corp") and RRI, LLC ("RRI"). RSI and RRI are not active operating entities. The Company provides a fully-integrated suite of wealth management services including, private banking, personal trust, investment management, mortgage loans, and institutional asset management services to individual and corporate clients principally in Colorado (metro Denver, Aspen, Boulder, Fort Collins, and Vail Valley), Arizona (Phoenix and Scottsdale), California (Century City), Montana (Bozeman), and Wyoming (Jackson Hole, Laramie, Pinedale, and Rock Springs). The Company’s revenues are generated from its full range of product offerings as noted above, but principally from net interest income (the interest income earned on the Bank’s assets net of funding costs), fee-based wealth advisory, investment management, asset management and personal trust services, and net gains earned on mortgage loans. The condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America ("GAAP") for interim financial information and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission ("SEC"). Accordingly, they do not include all the information and footnotes required by GAAP for complete financial statements. The December 31, 2021 condensed consolidated balance sheet has been derived from the audited financial statements for the year ended December 31, 2021. In the opinion of management, all adjustments that were recurring in nature and considered necessary have been included for fair presentation of the Company’s financial position and results of operations. Operating results for the three and nine months ended September 30, 2022 are not necessarily indicative of results that may be expected for the full year ending December 31, 2022. In preparing the condensed consolidated financial statements, the Company is required to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could be significantly different from those estimates. The condensed consolidated financial statements and notes should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the SEC.
Consolidation	Consolidation
Business Combinations and Divestitures	Business Combinations and Divestitures
Use of Estimates	Use of Estimates
Concentration of Credit Risk	Concentration of Credit Risk
Mortgage Banking Derivatives	Mortgage Banking Derivatives In order to manage the interest rate risk on our uncommitted IRLC and mortgage loans held for sale pipeline, the Company enters into mortgage derivative financial instruments called To Be Announced ("TBA"), which we refer to as forward commitments. TBA agreements are forward contracts to purchase mortgage backed securities ("MBS") that will be issued by a US Government Sponsored Enterprise. The Bank purchases or sells these derivatives to offset the changes in value of our mortgage loans held for sale and IRLC adjusted pipeline where we have exposure to interest rate volatility. Changes in the fair values of these derivatives are included in the Net gain on mortgage loans line of the Condensed Consolidated Statements of Income.
Revenue Recognition	Revenue Recognition
Transition of LIBOR to an Alternative Reference Rate	Transition of LIBOR to an Alternative Reference Rate In March 2020, the Financial Accounting Standards Board (‘FASB”) issued Accounting Standards Update (“ASU’) No. 2020-04 “Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting.” These amendments provide temporary optional guidance to ease the potential burden in accounting for reference rate reform. The ASU provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference the LIBOR or another reference rate expected to be discontinued. It is intended to help stakeholders during the global market-wide reference rate transition period. The guidance is effective for all entities as of March 12, 2020 through December 31, 2022. Subsequently, in January 2021, the FASB issued ASU No. 2021-01 “Reference Rate Reform (Topic 848): Scope.” This ASU clarifies that certain optional expedients and exceptions in Topic 848 for contract modifications and hedge accounting apply to derivatives that are affected by the discounting transition. The ASU also amends the expedients and exceptions in Topic 848 to capture the incremental consequences of the scope clarification and to tailor the existing guidance to derivative instruments affected by the discounting transition. An entity may elect to apply ASU No. 2021-01 on contract modifications that change the interest rate used for margining, discounting, or contract price alignment retrospectively as of any date from the beginning of the interim period that includes March 12, 2020, or prospectively to new modifications from any date within the interim period that includes or is subsequent to January 7, 2021, up to the date that financial statements are available to be issued. An entity may elect to apply ASU No. 2021-01 to eligible hedging relationships existing as of the beginning of the interim period that includes March 12, 2020, and to new eligible hedging relationships entered into after the beginning of the interim period that includes March 12, 2020. Certain of the Company’s assets and liabilities are indexed to LIBOR, with exposure extending beyond December 31, 2022. The Company is currently evaluating and planning for the eventual replacement of the LIBOR benchmark interest rate, including the possibility of SOFR as the dominant replacement. In general, the transition away from LIBOR may result in increased market risk, credit risk, operational risk and business risk for the Company. The Company has developed a LIBOR transition plan, which addresses governance, risk management, legal, operational, systems, fallback language, and other aspects of planning. The company no longer originates LIBOR indexed loans and is working on transitioning existing LIBOR loans to SOFR. Consumer indexed loans are being managed in accordance with Interagency Guidance.
Reclassifications	Reclassifications
Recently adopted accounting pronouncements and Recently issued accounting pronouncements, not yet adopted	Recently adopted accounting pronouncements In January 2017, the FASB issued ASU 2017-04, Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment Recently issued accounting pronouncements, not yet adopted In June 2022, the FASB issued ASU 2022-03, Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. This was issued to clarify the guidance in Topic 820, Fair Value Measurement, when measuring fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security and to introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The Company is currently assessing the impact of this guidance on our existing equity securities. This guidance is effective for the Company in fiscal years after December 15, 2023. In February 2016, the FASB issued ASU 2016-13, Financial Instruments—Credit Losses (Topic 326) ("ASU 2016-13"). ASU 2016-13 replaces the incurred loss model with an expected loss model, which is referred to as the current expected credit loss ("CECL") model. The CECL model is applicable to the measurement of credit losses on the financial assets measured at amortized cost, including loan receivables, held-to-maturity debt securities, and reinsurance receivables. It also applies to off-balance sheet credit exposures not accounted for as insurance (loan commitments, standby letters of credit, financial guarantees, and other similar instruments) and net investments in leases recognized by a lessor. For all other assets within the scope of CECL, a cumulative-effect adjustment will be recognized in retained earnings and the allowance for credit losses as of the beginning of the first reporting period in which the guidance is effective. ASU 2016-13 was set to be effective for most public companies on January 1, 2020. However, at the October 16, 2019 FASB meeting, the FASB voted unanimously to delay the effective date of CECL adoption for smaller reporting companies ("SRCs") to January 1, 2023. During the nine months ended September 30, 2022, the Company’s CECL project team continued to work through its implementation plan. The Company has selected a champion quantitative model to approximate expected losses by call code segment using regional and other appropriate peers. The Company has selected qualitative factors and evaluated those factors for each loan segment for the quarter ended September 30, 2022. The Company has completed a model validation and is finalizing policies and procedures, internal control structure, and process flows. Using this information, the Company successfully ran parallel models for each completed quarter of 2022 in order for management to review and compare results between the initial CECL model and existing ALLL model. Currently, we are unable to estimate the impact the adoption of this update will have on the condensed consolidated financial statements and disclosures. However, the Company expects the impact of the adoption will be significantly influenced by the composition and characteristics of its loan portfolios along with economic conditions prevalent as of the date of adoption. The Company expects to implement the new standard beginning January 1, 2023.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	9 Months Ended
	Sep. 30, 2022
ACQUISITIONS
Estimated fair value of assets acquired and liabilities assumed	The following presents the estimated fair values of the assets acquired and liabilities assumed in the transaction with Teton as of December 31, 2021, including all measurement period adjustments to the provisional estimates (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Provisional ​ Measurement Period ​ December 31, Fair value of consideration transferred ​ Estimates ​ Adjustments ​ 2021 Cash consideration ​ $ 11,501 ​ $ — ​ $ 11,501 Common stock issued ​ ​ 39,818 ​ ​ — ​ ​ 39,818 Total fair value of consideration transferred ​ ​ 51,319 ​ ​ — ​ ​ 51,319 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets acquired ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ ​ 132,498 ​ ​ — ​ ​ 132,498 Available-for-sale securities, at fair value ​ ​ 18,058 ​ ​ — ​ ​ 18,058 Correspondent bank stock, at cost ​ ​ 928 ​ ​ — ​ ​ 928 Mortgage loans held for sale ​ ​ 840 ​ ​ — ​ ​ 840 Loans ​ ​ 252,275 ​ ​ (857) ​ ​ 251,418 Premises and equipment ​ ​ 17,758 ​ ​ — ​ ​ 17,758 Accrued interest receivable ​ ​ 923 ​ ​ — ​ ​ 923 Accounts receivable ​ ​ 95 ​ ​ — ​ ​ 95 Other receivable ​ ​ 520 ​ ​ — ​ ​ 520 Core deposit intangible (1) ​ ​ 1,264 ​ ​ 698 ​ ​ 1,962 Other assets ​ ​ 226 ​ ​ 242 ​ ​ 468 Assets held for sale ​ ​ 115 ​ ​ 5 ​ ​ 120 Total assets acquired ​ ​ 425,500 ​ ​ 88 ​ ​ 425,588 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Liabilities assumed ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ ​ 379,227 ​ ​ (29) ​ ​ 379,198 Accrued interest payable ​ ​ 26 ​ ​ — ​ ​ 26 Other liabilities ​ 1,283 ​ ​ — ​ ​ 1,283 Deferred tax liabilities/(assets), net ​ ​ 42 ​ ​ (71) ​ ​ (29) Total liabilities assumed ​ ​ 380,578 ​ ​ (100) ​ ​ 380,478 Net assets acquired ​ ​ 44,922 ​ ​ 188 ​ ​ 45,110 Goodwill recognized ​ $ 6,397 ​ $ (188) ​ $ 6,209 ________________________________ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1) The core deposit intangible was determined to have an estimated life of 10 years .
Schedule of acquisition expenses within Non-interest expense	The following presents the acquisition expenses within Non-interest expense of the Condensed Consolidated Statements of Income as of the date noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, 2022 ​ September 30, 2022 Mergers and acquisitions expense: ​ ​ ​ ​ ​ ​ Salaries and employee benefits ​ $ 98 ​ $ 479 Professional services ​ ​ 90 ​ ​ 475 Technology and information systems ​ ​ 1 ​ ​ 6 Data processing (1) ​ ​ (96) ​ ​ (73) Marketing ​ ​ 7 ​ ​ 81 Other ​ ​ 54 ​ ​ 59 Total mergers and acquisitions expense ​ $ 154 ​ $ 1,027 (1)
Schedule of business acquisition, pro forma information	The following table presents pro forma information for the three and nine months ended September 30, 2022 and 2021, as if the Teton Acquisition had occurred on January 1, 2021. This table has been prepared for comparative purposes only, and is not indicative of the actual results that would have been attained had the acquisitions occurred as of the beginning of the periods presented, nor is it indicative of future results (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Pro Forma ​ ​ ​ Three Months Ended September 30, ​ ​ Nine Months Ended September 30, ​ ​ 2022 ​ 2021 ​ 2022 ​ 2021 Net interest income after provision for loan losses ​ $ 21,041 ​ $ 18,094 ​ $ 58,734 ​ $ 51,305 Non-interest income ​ ​ 6,454 ​ ​ 10,924 ​ ​ 21,994 ​ ​ 32,283 Net income ​ ​ 6,221 ​ ​ 7,760 ​ ​ 16,227 ​ ​ 22,152 Pro forma earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ ​ 0.66 ​ ​ 0.84 ​ ​ 1.72 ​ ​ 2.38 Diluted ​ ​ 0.64 ​ ​ 0.82 ​ ​ 1.67 ​ ​ 2.33

INVESTMENT SECURITIES (Tables)

INVESTMENT SECURITIES (Tables)	9 Months Ended
	Sep. 30, 2022
INVESTMENT SECURITIES
Schedule of the amortized cost and fair value of securities held to maturity, with gross unrecognized gains and losses	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrecognized ​ Unrecognized ​ Fair September 30, 2022 ​ Cost ​ Gains ​ Losses ​ Value Investment securities held-to-maturity: ​ ​ ​ ​ U.S. Treasury debt ​ $ 241 ​ $ — ​ $ (9) ​ $ 232 U.S. Government Agency ​ ​ 251 ​ ​ — ​ ​ (2) ​ ​ 249 Corporate bonds ​ ​ 23,871 ​ ​ 2 ​ ​ (1,641) ​ ​ 22,232 GNMA mortgage-backed securities – residential ​ 41,697 ​ ​ — ​ ​ (2,710) ​ ​ 38,987 FNMA mortgage-backed securities – residential ​ ​ 6,934 ​ ​ — ​ ​ (634) ​ ​ 6,300 Government CMO and MBS - commercial ​ ​ 7,073 ​ ​ 14 ​ ​ (498) ​ ​ 6,589 Corporate CMO and MBS ​ 4,190 ​ ​ — ​ ​ (155) ​ ​ 4,035 Total securities held-to-maturity ​ $ 84,257 ​ $ 16 ​ $ (5,649) ​ $ 78,624
Schedule of the amortized cost and fair value of securities available for sale, with gross unrealized gains and losses recognized	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross Gross ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ Fair December 31, 2021 ​ Cost ​ Gains ​ Losses ​ Value Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 250 ​ $ — ​ $ (3) ​ $ 247 U.S. Government Agency ​ ​ 3,522 ​ ​ — ​ ​ — ​ ​ 3,522 Corporate bonds ​ 8,113 ​ ​ 227 ​ ​ (15) ​ 8,325 GNMA mortgage-backed securities – residential ​ ​ 26,611 ​ 185 ​ (146) ​ ​ 26,650 FNMA mortgage-backed securities – residential ​ ​ 14,400 ​ ​ 43 ​ ​ — ​ ​ 14,443 Government CMO and MBS - commercial ​ ​ 878 ​ ​ — ​ ​ — ​ ​ 878 Corporate CMO and MBS ​ ​ 1,492 ​ 23 ​ (18) ​ ​ 1,497 Total securities available-for-sale ​ $ 55,266 ​ $ 478 ​ $ (182) ​ $ 55,562
Summary of the amortized cost and estimated fair value of held to maturity securities	​ ​ ​ ​ ​ ​ ​ ​ ​ Amortized Fair September 30, 2022 ​ Cost ​ Value Due within one year ​ $ 251 ​ $ 249 Due between one year and five years ​ ​ 2,232 ​ ​ 2,135 Due between five years and ten years ​ ​ 21,565 ​ ​ 20,022 Due after ten years ​ ​ 315 ​ ​ 307 Securities (CMO and MBS) ​ 59,894 ​ 55,911 Total ​ $ 84,257 ​ $ 78,624
Schedule of unrealized loss on held to maturity and available for sale securities	The following presents securities with unrecognized losses aggregated by major security type and length of time in a continuous unrecognized loss position as of the date noted (dollars in thousands, before tax): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months 12 Months or Longer Total ​ ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized ​ Fair ​ Unrecognized September 30, 2022 ​ Value ​ Losses ​ Value ​ Losses ​ Value Losses Investment securities held-to-maturity: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury debt ​ $ — ​ $ — ​ $ 232 ​ $ (9) ​ $ 232 ​ $ (9) U.S. Government Agency ​ ​ 249 ​ ​ (2) ​ ​ — ​ ​ — ​ ​ 249 ​ ​ (2) Corporate bonds ​ ​ 21,764 ​ ​ (1,629) ​ ​ 460 ​ ​ (12) ​ ​ 22,224 ​ ​ (1,641) GNMA mortgage-backed securities – residential ​ ​ 28,987 ​ ​ (1,605) ​ ​ 10,000 ​ ​ (1,105) ​ ​ 38,987 ​ ​ (2,710) FNMA mortgage-backed securities – residential ​ ​ 6,300 ​ ​ (634) ​ ​ — ​ ​ — ​ ​ 6,300 ​ ​ (634) Government CMO and MBS - commercial ​ ​ 5,731 ​ ​ (498) ​ ​ — ​ ​ — ​ ​ 5,731 ​ ​ (498) Corporate CMO and MBS ​ 3,623 ​ ​ (133) ​ ​ 412 ​ ​ (22) ​ 4,035 ​ (155) Total ​ $ 66,654 ​ $ (4,501) ​ $ 11,104 ​ $ (1,148) ​ $ 77,758 ​ $ (5,649) The following presents securities with unrealized losses aggregated by major security type and length of time in a continuous unrealized loss position as of the date noted (dollars in thousands, before tax): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less than 12 Months 12 Months or Longer Total ​ ​ Fair ​ Unrealized ​ Fair ​ Unrealized ​ Fair ​ Unrealized December 31, 2021 Value ​ Losses ​ Value ​ Losses Value Losses Investment securities available-for-sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury debt ​ $ 247 ​ $ (3) ​ $ — ​ $ — ​ $ 247 ​ $ (3) Corporate bonds ​ ​ 485 ​ ​ (15) ​ ​ — ​ ​ — ​ ​ 485 ​ ​ (15) GNMA mortgage-backed securities – residential ​ ​ 17,205 ​ ​ (146) ​ ​ — ​ ​ — ​ ​ 17,205 ​ ​ (146) Corporate CMO and MBS ​ — ​ — ​ 521 ​ (18) ​ 521 ​ (18) Total ​ $ 17,937 ​ $ (164) ​ $ 521 ​ $ (18) ​ $ 18,458 ​ $ (182)

LOANS AND THE ALLOWANCE FOR L_2

LOANS AND THE ALLOWANCE FOR LOAN LOSSES (Tables)	9 Months Ended
	Sep. 30, 2022
LOANS AND THE ALLOWANCE FOR LOAN LOSSES
Summary of the Company's loans	The following presents a summary of the Company’s loans as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Cash, Securities, and Other (1) ​ $ 154,748 ​ $ 261,190 Consumer and Other (2) ​ ​ 50,429 ​ ​ 34,758 Construction and Development ​ 228,060 ​ 178,716 1-4 Family Residential ​ 822,796 ​ 580,872 Non-Owner Occupied CRE ​ 527,836 ​ 482,622 Owner Occupied CRE ​ ​ 220,075 ​ ​ 212,426 Commercial and Industrial (3) ​ ​ 350,954 ​ ​ 203,584 Total loans held for investment ​ 2,354,898 ​ 1,954,168 Deferred fees and unamortized premiums/(unaccreted discounts), net (4) ​ (3,576) ​ (5,031) Allowance for loan losses ​ (16,081) ​ (13,732) Loans, net ​ $ 2,335,241 ​ $ 1,935,405 ______________________________________ (1) 2022 and December 31, 2021, respectively. (2) (3) (4)
Summary of aging analysis of the recorded investments in loans past due	The following presents, by class, an aging analysis of the recorded investments (excluding accrued interest receivable, deferred fees, and unamortized premiums/(unaccreted discounts), which are not material) in loans past due as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 60-89 90 or Total ​ ​ Total ​ ​ Days ​ Days ​ More Days ​ Loans ​ ​ ​ ​ Recorded September 30, 2022 ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Current ​ Investment Cash, Securities, and Other ​ $ 20 ​ $ 855 ​ $ 4 ​ $ 879 ​ $ 153,869 ​ $ 154,748 Consumer and Other ​ ​ 421 ​ ​ 343 ​ ​ 65 ​ ​ 829 ​ ​ 49,600 ​ ​ 50,429 Construction and Development ​ 882 ​ ​ 960 ​ ​ 1,038 ​ 2,880 ​ 225,180 ​ 228,060 1-4 Family Residential ​ 209 ​ ​ — ​ ​ 69 ​ 278 ​ 822,518 ​ 822,796 Non-Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 527,836 ​ ​ 527,836 Owner Occupied CRE ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 220,075 ​ ​ 220,075 Commercial and Industrial ​ 10 ​ ​ — ​ ​ 1,670 ​ 1,680 ​ 349,274 ​ 350,954 Total ​ $ 1,542 ​ $ 2,158 ​ $ 2,846 ​ $ 6,546 ​ $ 2,348,352 ​ $ 2,354,898 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-59 60-89 90 or Total ​ ​ Total ​ ​ Days ​ Days ​ More Days ​ Loans ​ ​ ​ ​ Recorded December 31, 2021 ​ Past Due ​ Past Due ​ Past Due ​ Past Due ​ Current ​ Investment Cash, Securities, and Other ​ $ 745 ​ $ — ​ $ 6 ​ $ 751 ​ $ 260,439 ​ $ 261,190 Consumer and Other ​ ​ 454 ​ ​ — ​ ​ 2 ​ ​ 456 ​ ​ 34,302 ​ ​ 34,758 Construction and Development ​ 2,758 ​ ​ — ​ ​ — ​ 2,758 ​ 175,958 ​ 178,716 1-4 Family Residential ​ 1,449 ​ ​ — ​ ​ — ​ 1,449 ​ 579,423 ​ 580,872 Non-Owner Occupied CRE ​ ​ — ​ ​ 2,548 ​ ​ — ​ ​ 2,548 ​ ​ 480,074 ​ ​ 482,622 Owner Occupied CRE ​ ​ 1,419 ​ ​ — ​ ​ — ​ ​ 1,419 ​ ​ 211,007 ​ ​ 212,426 Commercial and Industrial ​ 748 ​ ​ — ​ ​ 2,200 ​ 2,948 ​ 200,636 ​ 203,584 Total ​ $ 7,573 ​ $ 2,548 ​ $ 2,208 ​ $ 12,329 ​ $ 1,941,839 ​ $ 1,954,168
Schedule of recorded investment in non accrual loans by class	The following presents the recorded investment in non-accrual loans by class as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Cash, Securities, and Other ​ $ 4 ​ $ 6 Consumer and Other ​ ​ 65 ​ ​ 2 Construction and Development ​ ​ 201 ​ ​ — 1-4 Family Residential ​ ​ 69 ​ ​ 75 Owner Occupied CRE ​ ​ 1,179 ​ ​ 1,241 Commercial and Industrial ​ 2,184 ​ 2,938 Total ​ $ 3,702 ​ $ 4,262
Summary of the unpaid principal balance of loans classified as TDRs	The following presents a summary of the unpaid principal balance of loans classified as TDRs as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Accruing ​ ​ ​ ​ ​ ​ Non-Owner Occupied CRE ​ $ 42 ​ $ 55 Non-accrual ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ ​ 4 ​ ​ 6 1-4 Family Residential ​ ​ 69 ​ ​ 75 Owner Occupied CRE ​ ​ 1,179 ​ ​ 1,241 Commercial and Industrial ​ ​ 2,184 ​ ​ 2,938 Total ​ ​ 3,478 ​ ​ 4,315 Allowance for loan losses associated with TDR ​ — ​ (1,751) Net recorded investment ​ $ 3,478 ​ $ 2,564
Summary of impaired loans by portfolio and related valuation allowance	The following presents impaired loans by portfolio and related valuation allowance during the periods presented (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ ​ ​ Unpaid Allowance ​ ​ ​ Unpaid Allowance ​ ​ Total ​ Contractual ​ for ​ Total ​ Contractual ​ for ​ ​ Recorded ​ Principal ​ Loan ​ Recorded ​ Principal ​ Loan ​ ​ Investment ​ Balance ​ Losses ​ Investment ​ Balance ​ Losses Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Consumer and Other ​ $ — ​ $ — ​ $ — ​ $ 2 ​ $ 2 ​ $ 2 Commercial and Industrial ​ ​ — ​ ​ — ​ ​ — ​ ​ 2,190 ​ ​ 2,190 ​ ​ 1,751 Total ​ $ — ​ $ — ​ $ — ​ $ 2,192 ​ $ 2,192 ​ $ 1,753 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ 4 ​ $ — ​ $ 6 ​ $ 6 ​ $ — Construction and Development ​ ​ 201 ​ ​ 201 ​ ​ — ​ ​ — ​ ​ — ​ ​ — 1-4 Family Residential ​ ​ 69 ​ ​ 69 ​ ​ — ​ ​ 75 ​ ​ 75 ​ ​ — Owner Occupied CRE ​ ​ 1,179 ​ ​ 1,179 ​ ​ — ​ ​ 1,241 ​ ​ 1,241 ​ ​ — Commercial and Industrial ​ ​ 2,184 ​ ​ 2,184 ​ ​ — ​ ​ 748 ​ ​ 748 ​ ​ — Total ​ $ 3,637 ​ $ 3,637 ​ $ — ​ $ 2,070 ​ $ 2,070 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ 4 ​ $ — ​ $ 6 ​ $ 6 ​ $ — Consumer and Other ​ ​ — ​ ​ — ​ ​ — ​ ​ 2 ​ ​ 2 ​ ​ 2 Construction and Development ​ ​ 201 ​ ​ 201 ​ ​ — ​ ​ — ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 2,184 ​ ​ 2,184 ​ ​ — ​ ​ 2,938 ​ ​ 2,938 ​ ​ 1,751 1-4 Family Residential ​ ​ 69 ​ ​ 69 ​ ​ — ​ ​ 75 ​ ​ 75 ​ ​ — Owner Occupied CRE ​ ​ 1,179 ​ ​ 1,179 ​ ​ — ​ ​ 1,241 ​ ​ 1,241 ​ ​ — Total ​ $ 3,637 ​ $ 3,637 ​ $ — ​ $ 4,262 ​ $ 4,262 ​ $ 1,753 The recorded investment in loans in the previous tables excludes accrued interest, deferred fees, and unamortized premiums/(unaccreted discounts), which are not material. Interest income, if any, was recognized on the cash basis on non-accrual loans. The following presents the average balance of impaired loans and interest income recognized on impaired loans during the periods presented (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ ​ 2022 ​ 2021 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ — ​ $ — ​ $ 1 ​ $ — Consumer and Other ​ ​ 1 ​ ​ — ​ ​ 17 ​ ​ — Commercial and Industrial ​ ​ — ​ ​ — ​ ​ 2,635 ​ ​ — Total ​ $ 1 ​ $ — ​ $ 2,653 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ — ​ $ 10 ​ $ — Construction and Development ​ ​ 101 ​ ​ — ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 2,393 ​ ​ — ​ ​ 410 ​ ​ 220 1-4 Family Residential ​ ​ 68 ​ ​ — ​ ​ 41 ​ ​ — Owner Occupied CRE ​ ​ 1,190 ​ ​ — ​ ​ 625 ​ ​ — Total ​ $ 3,756 ​ $ — ​ $ 1,086 ​ $ 220 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ — ​ $ 11 ​ $ — Consumer and Other ​ ​ 1 ​ ​ — ​ ​ 17 ​ ​ — Construction and Development ​ ​ 101 ​ ​ — ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 2,393 ​ ​ — ​ ​ 3,045 ​ ​ 220 1-4 Family Residential ​ ​ 68 ​ ​ — ​ ​ 41 ​ ​ — Owner Occupied CRE ​ ​ 1,190 ​ ​ — ​ ​ 625 ​ ​ — Total ​ $ 3,757 ​ $ — ​ $ 3,739 ​ $ 220 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2022 ​ 2021 ​ ​ Average ​ Interest ​ Average ​ Interest ​ ​ Recorded ​ Income ​ Recorded ​ Income ​ ​ Investment ​ Recognized ​ Investment ​ Recognized Impaired loans with a valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ — ​ $ — ​ $ 1 ​ $ — Consumer and Other ​ ​ 1 ​ ​ — ​ ​ 9 ​ ​ — Commercial and Industrial ​ ​ — ​ ​ — ​ ​ 3,027 ​ ​ 21 Total ​ $ 1 ​ $ — ​ $ 3,037 ​ $ 21 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans with no related valuation allowance: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ — ​ $ 22 ​ $ — Construction and Development ​ ​ 50 ​ ​ — ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 2,663 ​ ​ * ​ ​ 257 ​ ​ 220 1-4 Family Residential ​ ​ 71 ​ ​ — ​ ​ 21 ​ ​ — Owner Occupied CRE ​ ​ 1,211 ​ ​ — ​ ​ 313 ​ ​ 51 Total ​ $ 3,999 ​ $ — ​ $ 613 ​ $ 271 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total impaired loans: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, Securities, and Other ​ $ 4 ​ $ — ​ $ 23 ​ $ — Consumer and Other ​ ​ 1 ​ ​ — ​ ​ 9 ​ ​ — Construction and Development ​ ​ 50 ​ ​ — ​ ​ — ​ ​ — Commercial and Industrial ​ ​ 2,663 ​ ​ * ​ ​ 3,284 ​ ​ 241 1-4 Family Residential ​ ​ 71 ​ ​ — ​ ​ 21 ​ ​ — Owner Occupied CRE ​ ​ 1,211 ​ ​ — ​ ​ 313 ​ ​ 51 Total ​ $ 4,000 ​ $ — ​ $ 3,650 ​ $ 292 ______________________________________ * The Company recognized an immaterial amount of interest income during the period.
Schedule of activity in the Company's allowance for loan losses by portfolio class	The following presents the activity in the Company’s allowance for loan losses by portfolio class during the periods presented (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, ​ Consumer ​ Construction ​ 1-4 ​ Non-Owner ​ Owner ​ Commercial ​ ​ ​ ​ Securities ​ and ​ and ​ Family ​ Occupied ​ Occupied ​ and ​ ​ ​ and Other ​ Other ​ Development ​ Residential ​ CRE ​ CRE ​ Industrial ​ Total Changes in allowance for loan losses for the three months ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,194 ​ $ 220 ​ $ 1,074 ​ $ 4,845 ​ $ 3,235 ​ $ 1,477 ​ $ 2,312 ​ $ 14,357 (Release)/provision for loan losses ​ (97) ​ 9 ​ 496 ​ 824 ​ 402 ​ 31 ​ 91 ​ 1,756 Charge-offs ​ — ​ (50) ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ (50) Recoveries ​ — ​ 18 ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 18 Ending balance ​ $ 1,097 ​ $ 197 ​ $ 1,570 ​ $ 5,669 ​ $ 3,637 ​ $ 1,508 ​ $ 2,403 ​ $ 16,081 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the nine months ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,598 ​ $ 266 ​ $ 1,092 ​ $ 3,553 ​ $ 2,952 ​ $ 1,292 ​ $ 2,979 ​ $ 13,732 (Release)/provision for loan losses ​ (501) ​ 67 ​ 478 ​ 2,116 ​ 685 ​ 216 ​ (576) ​ 2,485 Charge-offs ​ — ​ (242) ​ — ​ — ​ — ​ — ​ — ​ (242) Recoveries ​ — ​ 106 ​ — ​ — ​ — ​ — ​ — ​ 106 Ending balance ​ $ 1,097 ​ $ 197 ​ $ 1,570 ​ $ 5,669 ​ $ 3,637 ​ $ 1,508 ​ $ 2,403 ​ $ 16,081 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses as of September 30, 2022 allocated to loans evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ Individually ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Collectively ​ 1,097 ​ 197 ​ 1,570 ​ 5,669 ​ 3,637 ​ 1,508 ​ 2,403 ​ 16,081 Ending balance ​ $ 1,097 ​ $ 197 ​ $ 1,570 ​ $ 5,669 ​ $ 3,637 ​ $ 1,508 ​ $ 2,403 ​ $ 16,081 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans as of September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 4 ​ $ — ​ $ 201 ​ $ 69 ​ $ — ​ $ 1,179 ​ $ 2,184 ​ $ 3,637 Collectively evaluated for impairment ​ ​ 154,744 ​ 27,781 ​ 227,859 ​ 822,727 ​ 527,836 ​ 218,896 ​ 348,770 ​ 2,328,613 Unpaid principal balance of loans held for investment measured at fair value ​ — ​ 22,648 ​ — ​ — ​ — ​ — ​ — ​ 22,648 Ending balance ​ $ 154,748 ​ $ 50,429 ​ $ 228,060 ​ $ 822,796 ​ $ 527,836 ​ $ 220,075 ​ $ 350,954 ​ $ 2,354,898 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash, ​ Consumer ​ Construction ​ 1-4 ​ Non-Owner ​ Owner ​ Commercial ​ ​ ​ ​ Securities ​ and ​ and ​ Family ​ Occupied ​ Occupied ​ and ​ ​ ​ and Other ​ Other ​ Development ​ Residential ​ CRE ​ CRE ​ Industrial ​ Total Changes in allowance for loan losses for the three months ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 1,843 ​ $ 196 ​ $ 871 ​ $ 3,399 ​ $ 2,223 ​ $ 1,225 ​ $ 2,795 ​ $ 12,552 (Release)/provision for loan losses ​ (51) ​ 136 ​ 48 ​ 97 ​ 271 ​ (67) ​ (28) ​ 406 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ 6 ​ — ​ — ​ — ​ — ​ — ​ 6 Ending balance ​ $ 1,792 ​ $ 338 ​ $ 919 ​ $ 3,496 ​ $ 2,494 ​ $ 1,158 ​ $ 2,767 ​ $ 12,964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Changes in allowance for loan losses for the nine months ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning balance ​ $ 2,439 ​ $ 140 ​ $ 932 ​ $ 3,233 ​ $ 2,004 ​ $ 1,159 ​ $ 2,632 ​ $ 12,539 (Release)/provision for loan losses ​ (647) ​ 191 ​ (13) ​ 263 ​ 490 ​ (1) ​ 135 ​ 418 Charge-offs ​ — ​ — ​ — ​ — ​ — ​ — ​ — ​ — Recoveries ​ — ​ 7 ​ — ​ — ​ — ​ — ​ — ​ 7 Ending balance ​ $ 1,792 ​ $ 338 ​ $ 919 ​ $ 3,496 ​ $ 2,494 ​ $ 1,158 ​ $ 2,767 ​ $ 12,964 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for loan losses as of December 31, 2021 allocated to loans evaluated for impairment: ​ ​ ​ ​ ​ ​ ​ ​ Individually ​ $ — ​ $ 2 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 1,751 ​ $ 1,753 Collectively ​ 1,598 ​ 264 ​ 1,092 ​ 3,553 ​ 2,952 ​ 1,292 ​ 1,228 ​ 11,979 Ending balance ​ $ 1,598 ​ $ 266 ​ $ 1,092 ​ $ 3,553 ​ $ 2,952 ​ $ 1,292 ​ $ 2,979 ​ $ 13,732 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans as of December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ Individually evaluated for impairment ​ $ 6 ​ $ 2 ​ $ — ​ $ 75 ​ $ — ​ $ 1,241 ​ $ 2,938 ​ $ 4,262 Collectively evaluated for impairment ​ 261,184 ​ 34,756 ​ 178,716 ​ 580,797 ​ 482,622 ​ ​ 211,185 ​ 200,646 ​ 1,949,906 Ending balance ​ $ 261,190 ​ $ 34,758 ​ $ 178,716 ​ $ 580,872 ​ $ 482,622 ​ $ 212,426 ​ $ 203,584 ​ $ 1,954,168
Summary of recorded investment in the Company's loans by class and by credit quality indicator	The following presents, by class and by credit quality indicator, the recorded investment in the Company’s loans as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 Pass Mention Substandard ​ Not Rated ​ Total Cash, Securities, and Other ​ $ 154,744 ​ $ — ​ $ 4 ​ $ — ​ $ 154,748 Consumer and Other ​ ​ 27,781 ​ ​ — ​ ​ — ​ ​ 22,648 ​ ​ 50,429 Construction and Development ​ 227,859 ​ — ​ 201 ​ ​ — ​ 228,060 1-4 Family Residential ​ ​ 822,728 ​ ​ — ​ ​ 68 ​ ​ — ​ ​ 822,796 Non-Owner Occupied CRE ​ ​ 527,794 ​ ​ 42 ​ ​ — ​ ​ — ​ ​ 527,836 Owner Occupied CRE ​ ​ 218,896 ​ ​ — ​ ​ 1,179 ​ ​ — ​ ​ 220,075 Commercial and Industrial ​ 337,003 ​ 11,767 ​ 2,184 ​ ​ — ​ 350,954 Total ​ $ 2,316,805 ​ $ 11,809 ​ $ 3,636 ​ $ 22,648 ​ $ 2,354,898 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Special ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 Pass Mention Substandard ​ Not Rated ​ Total Cash, Securities, and Other ​ $ 261,184 ​ $ — ​ $ 6 ​ $ — ​ $ 261,190 Consumer and Other ​ ​ 34,756 ​ ​ — ​ ​ 2 ​ ​ — ​ ​ 34,758 Construction and Development ​ ​ 176,194 ​ 2,522 ​ — ​ ​ — ​ 178,716 1-4 Family Residential ​ ​ 580,797 ​ ​ — ​ ​ 75 ​ ​ — ​ ​ 580,872 Non-Owner Occupied CRE ​ ​ 476,670 ​ ​ 5,952 ​ ​ — ​ ​ — ​ ​ 482,622 Owner Occupied CRE ​ 210,493 ​ ​ — ​ ​ 1,933 ​ ​ — ​ ​ 212,426 Commercial and Industrial ​ 198,368 ​ 401 ​ 4,815 ​ ​ — ​ 203,584 Total ​ $ 1,938,462 ​ $ 8,875 ​ $ 6,831 ​ $ — ​ $ 1,954,168

GOODWILL (Tables)

GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2022
Goodwill.
Schedule of changes in carrying amount of goodwill	The following presents changes in the carrying amount of goodwill as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2022 ​ 2021 Beginning balance ​ $ 30,588 ​ $ 24,191 Acquisition activity ​ ​ (188) ​ ​ 6,397 Ending balance ​ $ 30,400 ​ $ 30,588 ​

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2022
LEASES
Lease Balance Sheet Location	The Company elected to not include short-term leases with initial terms of twelve months or less on the Condensed Consolidated Balance Sheets. The following presents the classification of the right-of-use assets and corresponding liabilities within the Condensed Consolidated Balance Sheets, as of the dates noted (dollars in thousands). ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ ​ ​ ​ 2022 ​ 2021 Lease Right-of-Use Assets ​ ​ Classification ​ ​ ​ ​ ​ ​ Operating lease right-of-use assets ​ ​ Other assets ​ $ 8,583 ​ $ 10,720 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Lease Liabilities ​ ​ Classification ​ ​ ​ ​ ​ ​ Operating lease liabilities ​ ​ Other liabilities ​ $ 11,312 ​ $ 13,863
Schedule Of Weighted Average Lease Term And Discount Rate	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2022 ​ 2021 Weighted-Average Remaining Lease Term ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 4.86 years ​ ​ 5.26 years ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-Average Discount Rate ​ ​ ​ ​ ​ ​ ​ ​ Operating leases ​ ​ 2.60 % ​ ​ 2.67 %
Lease Costs	The following presents the Company’s net lease costs during the periods presented (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 ​ 2021 ​ 2022 ​ 2021 Lease Costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating lease cost $ 768 ​ $ 781 ​ $ 2,387 ​ $ 2,264 Variable lease cost ​ 523 ​ ​ 488 ​ ​ 1,609 ​ ​ 1,316 Lease costs, net $ 1,291 ​ $ 1,269 ​ $ 3,996 ​ $ 3,580
Schedule of Minimum Lease Payments Due	The following presents a maturity analysis of the Company’s operating lease liabilities on an annual basis for each of the next five years and total amounts thereafter (dollars in thousands): ​ ​ ​ ​ Year Ending December 31, ​ Operating Leases 2022 (1) ​ $ 858 2023 ​ 3,131 2024 ​ ​ 2,983 2025 ​ 2,039 2026 ​ 703 Thereafter ​ 2,168 Total future minimum lease payments ​ ​ 11,882 Less: imputed interest ​ ​ (570) Present value of net future minimum lease payments ​ $ 11,312 ________________________________________ (1)
Summary of maturity analysis of the Company's operating payments to be received	​ ​ ​ ​ ​ ​ ​ Undiscounted Year Ending December 31, ​ ​ Operating Lease Income 2022 (1) ​ $ 73 2023 ​ ​ 230 2024 ​ ​ 199 2025 ​ ​ — 2026 ​ ​ — Thereafter ​ ​ — Total undiscounted operating lease income ​ $ 502 ________________________________________ (1)

DEPOSITS (Tables)

DEPOSITS (Tables)	9 Months Ended
	Sep. 30, 2022
DEPOSITS
Schedule of interest bearing deposits	The following presents the Company’s interest-bearing deposits as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2022 2021 Money market deposit accounts ​ $ 1,010,846 ​ $ 1,056,669 Time deposits ​ 186,680 ​ 170,491 Negotiable order of withdrawal accounts ​ 277,225 ​ 309,940 Savings accounts ​ 30,641 ​ 32,299 Total interest-bearing deposits ​ $ 1,505,392 ​ $ 1,569,399 Estimated aggregate time deposits of $250 or greater ​ $ 63,808 ​ $ 75,747
Schedule of Time Deposit Maturities	The following presents the scheduled maturities of all time deposits for each of the next five years and total amounts thereafter (dollars in thousands): ​ ​ ​ ​ Year ending December 31, ​ Time Deposits 2022 (1) ​ $ 65,677 2023 ​ 79,076 2024 ​ 23,034 2025 ​ 3,138 2026 ​ 5,402 Thereafter ​ 10,353 Total ​ $ 186,680 ________________________________________ (1)

BORROWINGS (Tables)

BORROWINGS (Tables)	9 Months Ended
	Sep. 30, 2022
BORROWINGS
Schedule of borrowings from FHLB Topeka	The following presents the Company’s required maturities on FHLB borrowings as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, Maturity Date Rate % 2022 2021 April 22, 2022 ​ 0.37 ​ $ — ​ $ 5,000 October 1, 2022 (1) ​ 3.15 ​ ​ 257,432 ​ ​ — May 5, 2023 ​ 0.76 ​ ​ 10,000 ​ ​ 10,000 Total ​ $ 267,432 ​ $ 15,000 ________________________________________ (1)

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	9 Months Ended
	Sep. 30, 2022
COMMITMENTS AND CONTINGENCIES
Schedule of contract amounts represent credit risk	The following presents the Company’s financial instruments whose contract amounts represent credit risk, as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ Fixed Rate Variable Rate Fixed Rate Variable Rate Unused lines of credit ​ $ 210,371 ​ $ 633,990 ​ $ 136,289 ​ $ 442,035 Standby letters of credit ​ ​ 8,677 ​ ​ 20,867 ​ ​ 2,420 ​ ​ 20,940 Commitments to make loans to sell ​ ​ 23,442 ​ ​ — ​ ​ 60,529 ​ ​ — Commitments to make loans ​ ​ 83,940 ​ ​ 72,694 ​ ​ 16,256 ​ ​ 14,920

SHAREHOLDERS EQUITY (Tables)

SHAREHOLDERS EQUITY (Tables)	9 Months Ended
	Sep. 30, 2022
SHAREHOLDERS EQUITY
Schedule of summarizes activity for nonqualified stock options	The following presents activity for nonqualified stock options during the nine months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ Average ​ ​ ​ ​ ​ Number ​ Average ​ Remaining ​ Aggregate ​ ​ of ​ Exercise ​ Contractual ​ Intrinsic ​ Options Price Term Value Outstanding as of December 31, 2021 ​ ​ 308,574 ​ $ 29.21 ​ ​ ​ ​ ​ ​ Granted ​ ​ — ​ ​ — ​ ​ ​ ​ ​ ​ Exercised ​ ​ (8,309) ​ ​ 21.50 ​ ​ ​ ​ ​ ​ Forfeited or expired ​ ​ (116,100) ​ ​ 40.00 ​ ​ ​ ​ ​ ​ Outstanding as of September 30, 2022 ​ ​ 184,165 ​ ​ 22.76 ​ ​ 2.3 ​ ​ (1) Options fully vested / exercisable as of September 30, 2022 ​ ​ 184,165 ​ ​ 22.76 ​ ​ 2.3 ​ ​ (1) ______________________________________ (1)
Schedule of summarizes the activity for the Time Vesting Units, the Financial Performance Units and the Market Performance Units	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Time ​ ​ Financial ​ ​ Market ​ ​ ​ Vesting ​ ​ Performance ​ ​ Performance ​ ​ Units ​ Units ​ Units Outstanding as of December 31, 2021 ​ ​ 249,821 ​ ​ 183,483 ​ ​ 13,746 Granted ​ ​ 156,453 ​ ​ 91,901 ​ ​ — Vested ​ ​ (79,071) ​ ​ (12,100) ​ ​ — Forfeited ​ ​ (28,050) ​ ​ (21,241) ​ ​ (13,746) Outstanding as of September 30, 2022 ​ ​ 299,153 ​ ​ 242,043 ​ ​ —
Schedule of financial performance units activity	The following presents the Company’s existing Financial Performance Units as of September 30, 2022 (dollars in thousands, except share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Grant Period ​ Threshold Accrual ​ Maximum Issuable Shares at Current Threshold ​ Unrecognized Compensation Expense ​ Weighted-Average (1) ​ Financial Metric End Date ​ Vesting Requirement End Date May 1, 2019 through April 30, 2020 ​ 150 % 71,547 ​ $ 188 ​ 1.3 years ​ December 31, 2021 ​ December 31, 2023 May 1, 2020 through December 31, 2020, excluding November 18, 2020 ​ 150 ​ 75,846 ​ ​ 306 ​ 2.3 years ​ December 31, 2022 ​ December 31, 2023 November 18, 2020 ​ 116 ​ 25,221 ​ ​ 262 ​ 2.1 years ​ December 31, 2022 ​ 50% November 18, 2023 & 2025 May 3, 2021 through August 11, 2021 ​ 150 ​ 55,413 ​ ​ 673 ​ 3.3 years ​ December 31, 2023 ​ December 31, 2025 May 2, 2022 ​ 52 ​ 29,996 ​ ​ 2,619 ​ 4.3 years ​ December 31, 2024 ​ December 31, 2026 August 4, 2022 ​ 100 ​ 27,272 ​ ​ 723 ​ 4.3 years ​ December 31, 2024 ​ December 31, 2026 ______________________________________ (1) The following presents the Company’s Financial Performance Units activity during the periods presented (dollars in thousands, except share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Units Granted ​ Compensation Expense Recognized ​ ​ Nine Months Ended September 30, ​ Three Months Ended September 30, ​ Nine Months Ended September 30, Grant Period ​ 2022 ​ 2021 ​ 2022 ​ 2021 ​ ​ 2022 ​ 2021 Prior to May 1, 2019 ​ ​ — ​ ​ — ​ $ — ​ $ 5 ​ $ — ​ $ 23 May 1, 2019 through April 30, 2020 ​ ​ — ​ ​ — ​ ​ 4 ​ ​ 37 ​ ​ 94 ​ ​ 154 May 1, 2020 through December 31, 2020, excluding November 18, 2020 ​ ​ — ​ ​ — ​ ​ 45 ​ ​ 44 ​ ​ 127 ​ ​ 153 November 18, 2020 ​ ​ ​ ​ ​ — ​ ​ (1) ​ ​ 30 ​ ​ 27 ​ ​ 94 May 3, 2021 through August 11, 2021 ​ ​ — ​ ​ 41,743 ​ ​ 72 ​ ​ 83 ​ ​ 211 ​ ​ 140 May 2, 2022 ​ ​ 64,629 ​ ​ — ​ ​ 31 ​ ​ — ​ ​ 89 ​ ​ — August 4, 2022 ​ ​ 27,272 ​ ​ — ​ ​ 28 ​ ​ — ​ ​ 28 ​ ​ —

EARNINGS PER COMMON SHARE (Tabl

EARNINGS PER COMMON SHARE (Tables)	9 Months Ended
	Sep. 30, 2022
EARNINGS PER COMMON SHARE
Schedule of basic and diluted earnings per share	The following presents the calculation of basic and diluted earnings per common share during the periods presented (dollars in thousands, except share and per share amounts): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 2021 2022 2021 Earnings per common share - Basic ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available for common shareholders ​ $ 6,221 $ 6,417 ​ $ 16,227 $ 18,693 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ 9,481,311 7,979,869 ​ 9,450,436 7,959,268 Earnings per common share - basic ​ $ 0.66 ​ $ 0.80 ​ $ 1.72 ​ $ 2.35 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per common share - Diluted ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available for common shareholders ​ $ 6,221 $ 6,417 ​ $ 16,227 $ 18,693 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic weighted average shares ​ ​ 9,481,311 ​ ​ 7,979,869 ​ ​ 9,450,436 ​ ​ 7,959,268 Diluted effect of common stock equivalents: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Stock options ​ ​ 30,599 ​ ​ 35,428 ​ ​ 45,934 ​ ​ 25,400 Time Vesting Units ​ ​ 80,757 ​ ​ 144,479 ​ ​ 130,795 ​ ​ 126,231 Financial Performance Units ​ ​ 80,411 ​ ​ 73,135 ​ ​ 85,362 ​ ​ 64,542 Market Performance Units ​ ​ — ​ ​ 13,442 ​ ​ 4,551 ​ ​ 13,825 Total diluted effect of common stock equivalents ​ ​ 191,767 ​ ​ 266,484 ​ ​ 266,642 ​ ​ 229,998 Diluted weighted average shares ​ 9,673,078 8,246,353 ​ 9,717,078 8,189,266 Earnings per common share - diluted ​ $ 0.64 ​ $ 0.78 ​ $ 1.67 ​ $ 2.28
Schedule of Antidilutive securities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2022 2021 ​ 2022 2021 Stock options ​ ​ — ​ ​ 139,639 ​ ​ — ​ ​ 186,462 Time Vesting Units ​ ​ 115,636 ​ ​ — ​ ​ 79,193 ​ ​ 1,327 Financial Performance Units ​ ​ 94,210 ​ ​ 40,745 ​ ​ 31,403 ​ ​ 30,216 Restricted Stock Awards ​ ​ — ​ ​ 10,527 ​ ​ — ​ ​ 10,527 Total potentially dilutive securities ​ ​ 209,846 ​ ​ 190,911 ​ ​ 110,596 ​ ​ 228,532

RELATED-PARTY TRANSACTIONS (Tab

RELATED-PARTY TRANSACTIONS (Tables)	9 Months Ended
	Sep. 30, 2022
RELATED-PARTY TRANSACTIONS
Summary of related-party loan activity	The following presents a summary of related-party loan activity as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 December 31, 2021 Balance, beginning of year ​ $ 12,833 ​ $ 14,321 Funded loans ​ 13,903 ​ 11,294 Payments collected ​ (9,964) ​ (12,782) Balance, end of period ​ $ 16,772 ​ $ 12,833

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2022
FAIR VALUE
Schedule of fair value assets and liabilities measured on recurring basis	The following presents assets and liabilities measured on a recurring basis as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported September 30, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Mortgage loans held for sale ​ $ — ​ $ 12,743 ​ $ — ​ $ 12,743 Loans held at fair value ​ $ — ​ $ — ​ $ 22,871 ​ $ 22,871 Forward commitments and FSC ​ $ — ​ $ 1,139 ​ $ (11) ​ $ 1,128 Equity securities ​ $ 626 ​ $ 122 ​ $ — ​ $ 748 Guarantee asset ​ $ — ​ $ — ​ $ 159 ​ $ 159 IRLC, net ​ $ — ​ $ — ​ $ 138 ​ $ 138 Equity warrants ​ $ — ​ $ — ​ $ 827 ​ $ 827 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported December 31, 2021 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Investment securities available-for-sale: ​ ​ ​ ​ U.S. Treasury debt ​ $ 247 ​ $ — ​ $ — ​ $ 247 U.S. Government Agency ​ ​ — ​ ​ 3,522 ​ ​ — ​ ​ 3,522 Corporate bonds ​ ​ — ​ ​ 6,212 ​ ​ 2,113 ​ ​ 8,325 GNMA mortgage-backed securities - residential ​ — ​ 26,650 ​ — ​ 26,650 FNMA mortgage-backed securities - residential ​ ​ — ​ ​ 14,443 ​ ​ — ​ ​ 14,443 Government CMO and MBS ​ ​ — ​ ​ 878 ​ ​ — ​ ​ 878 Corporate CMO and MBS ​ — ​ 1,497 ​ — ​ 1,497 Total securities available-for-sale ​ $ 247 ​ $ 53,202 ​ $ 2,113 ​ $ 55,562 Mortgage loans held for sale ​ $ — ​ $ 30,620 ​ $ — ​ $ 30,620 Forward commitments and FSC ​ $ — ​ $ (65) ​ $ (9) ​ $ (74) Equity securities ​ $ 709 ​ $ 489 ​ $ — ​ $ 1,198 Guarantee asset ​ $ — ​ $ — ​ $ 237 ​ $ 237 IRLC, net ​ $ — ​ $ — ​ $ 1,473 ​ $ 1,473 Equity warrants ​ $ — ​ $ — ​ $ 160 ​ $ 160
Schedule of loans measured at fair value under fair value option	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ Total Loans ​ Non Accruals ​ 90 Days or More Past Due ​ ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference Loans held for sale ​ $ 12,743 ​ $ 12,955 ​ $ (212) ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Loans held for investment ​ ​ 22,871 ​ ​ 22,648 ​ ​ 223 ​ ​ 59 ​ ​ 56 ​ ​ 3 ​ ​ 59 ​ ​ 56 ​ ​ 3 ​ ​ $ 35,614 ​ $ 35,603 ​ $ 11 ​ $ 59 ​ $ 56 ​ $ 3 ​ $ 59 ​ $ 56 ​ $ 3 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ Total Loans ​ Non Accruals ​ 90 Days or More Past Due ​ ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference ​ Fair Value Carrying Amount ​ Unpaid Principal Balance ​ Difference Loans held for sale ​ $ 30,620 ​ $ 29,857 ​ $ 763 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Loans held for investment ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ $ 30,620 ​ $ 29,857 ​ $ 763 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ —
Schedule of gain or loss on fair value of loans	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 Loans held for sale ​ $ (556) ​ $ (213) ​ $ (975) ​ $ (4,378) Loans held for investment ​ ​ (105) ​ ​ — ​ ​ 223 ​ ​ — ​ ​ $ (661) ​ $ (213) ​ $ (752) ​ $ (4,378)
Summary of activity pertaining to loans under fair value option	The following summarizes the activity pertaining to loans accounted for under the fair value option as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, Loans held for sale ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 Balance at beginning of period ​ $ 26,202 ​ $ 48,563 ​ $ 30,620 ​ $ 161,843 Loans originated ​ ​ 82,372 ​ ​ 256,284 ​ ​ 377,631 ​ ​ 1,082,120 Fair value changes ​ ​ (556) ​ ​ (213) ​ ​ (975) ​ ​ (4,378) Sales ​ ​ (95,053) ​ ​ (252,242) ​ ​ (394,261) ​ ​ (1,183,876) Settlements ​ ​ (222) ​ ​ (1,083) ​ ​ (272) ​ ​ (4,400) Balance at end of period ​ $ 12,743 ​ $ 51,309 ​ $ 12,743 ​ $ 51,309 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, Loans held for investment ​ ​ 2022 ​ ​ 2021 ​ ​ 2022 ​ ​ 2021 Balance at beginning of period ​ $ 21,477 ​ $ — ​ $ — ​ $ — Loans acquired ​ ​ 7,860 ​ ​ — ​ ​ 32,109 ​ ​ — Fair value changes ​ ​ (105) ​ ​ — ​ ​ 223 ​ ​ — Settlements ​ ​ (6,361) ​ ​ — ​ ​ (9,461) ​ ​ — Balance at end of period ​ $ 22,871 ​ $ — ​ $ 22,871 ​ $ —
Summary of assets measured at fair value on nonrecurring basis	The following presents assets measured on a nonrecurring basis as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported September 30, 2022 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance OREO: ​ ​ ​ ​ Commercial properties ​ $ — ​ $ — ​ $ 187 ​ $ 187 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quoted ​ ​ ​ ​ ​ Prices in ​ Significant ​ ​ ​ ​ ​ ​ ​ ​ Active Markets ​ Other ​ Significant ​ ​ ​ ​ ​ for Identical ​ Observable ​ Unobservable ​ ​ ​ ​ ​ Assets ​ Inputs ​ Inputs ​ Reported December 31, 2021 ​ (Level 1) ​ (Level 2) ​ (Level 3) ​ Balance Impaired loans (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ $ — ​ $ — ​ $ 439 ​ $ 439 ______________________________________ (1)
Summary of assets and liability for level 3 instruments measured at fair value on recurring basis	The following presents a reconciliation for Level 3 instruments measured at fair value on a recurring basis as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2022 Corporate Bonds Loans Held at Fair Value ​ FSC Guarantee Asset IRLC Equity Warrants Beginning balance ​ $ — ​ $ 21,477 ​ $ — ​ $ 174 ​ $ 990 ​ $ 725 Acquisitions ​ — ​ ​ 7,867 ​ ​ (11) ​ — ​ ​ 170 ​ 102 Originations ​ — ​ ​ — ​ ​ — ​ — ​ ​ (720) ​ — Gains/(losses) in net income, net ​ ​ — ​ ​ (134) ​ ​ — ​ ​ (15) ​ ​ (302) ​ ​ — Settlements ​ ​ — ​ ​ (6,339) ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending balance ​ $ — ​ $ 22,871 ​ $ (11) ​ $ 159 ​ $ 138 ​ $ 827 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 Corporate Bonds Loans Held at Fair Value ​ FSC Guarantee Asset IRLC Equity Warrants Beginning balance ​ $ — ​ $ — ​ $ — ​ $ 196 ​ $ 2,809 ​ $ — Acquisitions ​ — ​ ​ — ​ ​ (17) ​ — ​ ​ 6,617 ​ — Originations ​ — ​ ​ — ​ ​ — ​ — ​ ​ (7,705) ​ — Gains/(losses) in net income, net ​ ​ — ​ ​ — ​ ​ — ​ ​ 35 ​ ​ 464 ​ ​ — Ending balance ​ $ — ​ $ — ​ $ (17) ​ $ 231 ​ $ 2,185 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2022 Corporate Bonds Loans Held at Fair Value ​ FSC Guarantee Asset IRLC Equity Warrants Beginning balance ​ $ 2,113 ​ $ — ​ $ (9) ​ $ 237 ​ $ 1,473 ​ $ 160 Acquisitions ​ 4,000 ​ ​ 32,599 ​ ​ (2) ​ — ​ ​ 1,253 ​ 344 Originations ​ — ​ ​ — ​ ​ — ​ — ​ ​ (2,783) ​ — Gains/(losses) in net income, net ​ ​ — ​ ​ (289) ​ ​ — ​ ​ (78) ​ ​ 195 ​ ​ 323 Unrealized gains, net ​ ​ 102 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — Transfer to held-to-maturity ​ (6,215) ​ ​ — ​ ​ — ​ — ​ ​ — ​ — Settlements ​ ​ — ​ ​ (9,439) ​ ​ — ​ ​ — ​ ​ — ​ ​ — Ending balance ​ $ — ​ $ 22,871 ​ $ (11) ​ $ 159 ​ $ 138 ​ $ 827 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 Corporate Bonds Loans Held at Fair Value ​ FSC Guarantee Asset IRLC Equity Warrants Beginning balance ​ $ — ​ $ — ​ $ (89) ​ $ 232 ​ $ 9,841 ​ $ — Acquisitions ​ — ​ — ​ ​ (190) ​ — ​ ​ 15,123 ​ — Originations ​ — ​ — ​ ​ — ​ 2 ​ ​ (20,702) ​ — Gains/(losses) in net income, net ​ ​ — ​ ​ — ​ ​ 262 ​ ​ (3) ​ ​ (2,077) ​ ​ — Ending balance ​ $ — ​ $ — ​ $ (17) ​ $ 231 ​ $ 2,185 ​ $ —
Summary of assets and liabilities measured at fair value on a recurring or nonrecurring, the significant unobservable inputs	The following presents quantitative information about Level 3 assets measured on a recurring and nonrecurring basis as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements as of September 30, 2022 ​ ​ ​ ​ ​ Valuation ​ Significant ​ Range ​ ​ Fair Value ​ Technique ​ Unobservable Input ​ (Weighted Average) Recurring fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans held for investment at fair value ​ $ 22,871 ​ ​ Discounted cash flow ​ ​ Discount rate ​ ​ 4% to 18% (9%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FSC ​ ​ (11) ​ ​ Internal pricing model ​ ​ Market Differential ​ ​ 56 bps to 67 bps ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantee asset ​ ​ 159 ​ ​ Discounted cash flow ​ ​ Discount rate ​ ​ 5% (5%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC, net ​ ​ 138 ​ ​ Best execution model ​ ​ Pull through ​ ​ 73% to 100% (94%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity warrants ​ ​ 827 ​ ​ Black-Scholes option pricing model ​ ​ Volatility ​ ​ 31.2% to 32.4% (31.4%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonrecurring fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ OREO: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial properties ​ ​ 187 ​ ​ Appraisal value ​ ​ Commission, cost to sell, closing costs ​ ​ 9% (9%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Quantitative Information about Level 3 Fair Value Measurements as of December 31, 2021 ​ ​ ​ ​ ​ Valuation ​ Significant ​ Range ​ ​ Fair Value ​ Technique ​ Unobservable Input ​ (Weighted Average) Recurring fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Corporate Bonds ​ $ 2,113 ​ ​ Discounted cash flow ​ ​ Discount rate ​ ​ 7% (7%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ FSC ​ ​ (9) ​ ​ Internal pricing model ​ ​ Market Differential ​ ​ -14bps to -2 bps ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Guarantee asset ​ ​ 237 ​ ​ Discounted cash flow ​ ​ Discount rate ​ ​ 3% (3%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ IRLC, net ​ ​ 1,473 ​ ​ Best execution model ​ ​ Pull through ​ ​ 71% to 100% (88%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity warrants ​ ​ 160 ​ ​ Black-Scholes option pricing model ​ ​ Volatility ​ ​ 24% to 37% (32%) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nonrecurring fair value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Impaired loans (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial and Industrial ​ ​ 439 ​ ​ Sales comparison, Market approach - guideline transaction method ​ ​ Management discount for asset/property type ​ ​ 17% - 45% (39%) ______________________________________ (1) ​
Summary of carrying amounts and estimated fair values of financial instruments	The following presents carrying amounts and estimated fair values for financial instruments not carried at fair value as of the dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using: September 30, 2022 Amount Level 1 Level 2 Level 3 Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and cash equivalents ​ $ 165,248 ​ $ 165,248 ​ $ — ​ $ — Held-to-maturity securities ​ ​ 84,257 ​ ​ 232 ​ ​ 69,927 ​ ​ 8,465 Loans, net ​ 2,335,241 ​ — ​ — ​ 2,315,505 Accrued interest receivable ​ 8,451 ​ 3 ​ 440 ​ 8,008 Liabilities: ​ ​ ​ ​ Deposits ​ ​ 2,167,447 ​ ​ 1,980,757 ​ ​ — ​ ​ 189,552 Borrowings: ​ ​ ​ ​ FHLB borrowings – fixed rate ​ 267,432 ​ — ​ 267,211 ​ — Federal Reserve borrowings – fixed rate ​ 5,793 ​ — ​ 5,793 ​ — Subordinated notes – fixed-to-floating rate ​ 32,584 ​ — ​ — ​ 35,030 Accrued interest payable ​ ​ 664 ​ ​ — ​ ​ 404 ​ ​ 260 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Carrying ​ Fair Value Measurements Using: December 31, 2021 ​ Amount ​ Level 1 ​ Level 2 ​ Level 3 Assets: ​ ​ ​ ​ Cash and cash equivalents ​ $ 386,983 ​ $ 386,983 ​ $ — ​ $ — Loans, net ​ 1,935,405 ​ — ​ — ​ 1,919,625 Accrued interest receivable ​ 7,151 ​ 2 ​ 203 ​ 6,946 Liabilities: ​ ​ ​ ​ Deposits ​ ​ 2,205,703 ​ ​ 2,035,212 ​ ​ — ​ ​ 172,240 Borrowings: ​ ​ ​ ​ FHLB borrowings – fixed rate ​ 15,000 ​ — ​ 14,990 ​ — Federal Reserve borrowings – fixed rate ​ ​ 23,629 ​ — ​ 23,629 ​ — Subordinated notes – fixed-to-floating rate ​ ​ 39,031 ​ — ​ — ​ 40,325 Accrued interest payable ​ ​ 355 ​ ​ 9 ​ ​ 77 ​ ​ 269

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
	Sep. 30, 2022
SEGMENT REPORTING
Schedule of segment data	The following presents the financial information for each segment that is specifically identifiable or based on allocations using internal methods as of or during the periods presented (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of or for the three months ended September 30, 2022 ​ Wealth Management ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 26,530 $ — $ 26,530 Total interest expense ​ ​ 3,733 ​ ​ — ​ ​ 3,733 Provision for loan losses ​ ​ 1,756 ​ ​ — ​ ​ 1,756 Net interest income, after provision for loan losses ​ ​ 21,041 ​ ​ — ​ ​ 21,041 Non-interest income ​ ​ 5,514 ​ ​ 940 ​ ​ 6,454 Total income before non-interest expense ​ ​ 26,555 ​ ​ 940 ​ ​ 27,495 Depreciation and amortization expense ​ ​ 492 ​ 10 ​ 502 All other non-interest expense ​ ​ 17,029 ​ ​ 1,729 ​ ​ 18,758 Income before income taxes ​ $ 9,034 ​ $ (799) ​ $ 8,235 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 30,400 $ — $ 30,400 Total assets ​ ​ 2,713,603 ​ 15,096 ​ 2,728,699 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of or for the three months ended September 30, 2021 ​ Wealth Management ​ Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 16,146 ​ $ — $ 16,146 Total interest expense ​ ​ 1,300 ​ ​ — ​ 1,300 Provision for loan losses ​ ​ 406 ​ ​ — ​ 406 Net interest income, after provision for loan losses ​ ​ 14,440 ​ ​ — ​ 14,440 Non-interest income ​ ​ 5,995 ​ ​ 4,497 ​ 10,492 Total income before non-interest expense ​ ​ 20,435 ​ ​ 4,497 ​ 24,932 Depreciation and amortization expense ​ ​ 272 ​ ​ 13 ​ 285 All other non-interest expense ​ ​ 13,964 ​ ​ 2,217 ​ 16,181 Income before income taxes ​ $ 6,199 ​ $ 2,267 $ 8,466 ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 24,191 ​ $ — $ 24,191 Total assets ​ ​ 2,020,896 ​ ​ 55,376 ​ 2,076,272 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of or for the nine months ended September 30, 2022 ​ Wealth Management ​ Mortgage ​ Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 67,826 $ — $ 67,826 Total interest expense ​ ​ 6,607 ​ ​ — ​ 6,607 Provision for loan losses ​ ​ 2,485 ​ ​ — ​ 2,485 Net interest income, after provision for loan losses ​ ​ 58,734 ​ ​ — ​ 58,734 Non-interest income ​ ​ 17,259 ​ ​ 4,735 ​ 21,994 Total income before non-interest expense ​ ​ 75,993 ​ ​ 4,735 ​ 80,728 Depreciation and amortization expense ​ ​ 1,562 ​ ​ 34 ​ 1,596 All other non-interest expense ​ ​ 51,460 ​ ​ 6,145 ​ 57,605 Income before income taxes ​ $ 22,971 ​ $ (1,444) $ 21,527 ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 30,400 ​ $ — $ 30,400 Total assets ​ ​ 2,713,603 ​ ​ 15,096 ​ 2,728,699 ​ F ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ As of or for the nine months ended September 30, 2021 ​ Wealth Management ​ Mortgage Consolidated Income Statement ​ ​ ​ ​ ​ ​ ​ ​ Total interest income $ 46,193 ​ $ — $ 46,193 Total interest expense ​ ​ 4,071 ​ ​ — ​ 4,071 Provision for loan losses ​ ​ 418 ​ ​ — ​ 418 Net interest income, after provision for loan losses ​ ​ 41,704 ​ ​ — ​ 41,704 Non-interest income ​ ​ 16,973 ​ ​ 13,621 ​ 30,594 Total income before non-interest expense ​ ​ 58,677 ​ ​ 13,621 ​ 72,298 Depreciation and amortization expense ​ ​ 792 ​ ​ 40 ​ 832 All other non-interest expense ​ ​ 38,786 ​ ​ 7,987 ​ 46,773 Income before income taxes ​ $ 19,099 ​ $ 5,594 $ 24,693 ​ ​ ​ ​ ​ ​ ​ ​ ​ Goodwill ​ $ 24,191 ​ $ — $ 24,191 Total assets ​ ​ 2,020,896 ​ ​ 55,376 ​ 2,076,272

REGULATORY CAPITAL MATTERS (Tab

REGULATORY CAPITAL MATTERS (Tables)	9 Months Ended
	Sep. 30, 2022
REGULATORY CAPITAL MATTERS
Schedule of actual and required capital ratios	The following presents the actual and required capital amounts and ratios as of dates noted (dollars in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ ​ Required for Capital ​ ​ Corrective Action ​ ​ Actual ​ ​ Adequacy Purposes (1) ​ ​ Regulations September 30, 2022 Amount Ratio ​ Amount Ratio ​ Amount Ratio Tier 1 capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ $ 222,270 10.32 % ​ $ 129,177 6.0 % ​ $ 172,236 ​ 8.0 % Consolidated ​ ​ 206,223 ​ 9.54 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ CET1 to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 222,270 10.32 ​ ​ ​ 96,883 4.5 ​ ​ ​ 139,942 6.5 ​ Consolidated ​ ​ 206,223 ​ 9.54 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ Total capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 238,853 11.09 ​ ​ 172,236 8.0 ​ ​ 215,295 10.0 ​ Consolidated ​ ​ 255,806 ​ 11.84 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ Tier 1 capital to average assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 222,270 8.84 ​ ​ 100,623 4.0 ​ ​ 125,778 5.0 ​ Consolidated ​ ​ 206,223 ​ 8.18 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Under Prompt ​ ​ ​ ​ ​ ​ ​ ​ Required for Capital ​ ​ Corrective Action ​ ​ Actual ​ ​ Adequacy Purposes (1) ​ ​ Regulations December 31, 2021 Amount Ratio ​ Amount Ratio ​ Amount Ratio Tier 1 capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ $ 203,164 11.40 % ​ $ 106,945 6.0 % ​ $ 142,594 ​ 8.0 % Consolidated ​ ​ 188,777 ​ 10.54 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ CET1 to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 203,164 11.40 ​ ​ ​ 80,209 4.5 ​ ​ ​ 115,858 6.5 ​ Consolidated ​ ​ 188,777 ​ 10.54 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ Total capital to risk-weighted assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 217,215 12.19 ​ ​ 142,594 8.0 ​ ​ 178,242 10.0 ​ Consolidated ​ ​ 242,388 ​ 13.54 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ Tier 1 capital to average assets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Bank ​ ​ 203,164 10.05 ​ ​ 80,887 4.0 ​ ​ 101,108 5.0 ​ Consolidated ​ ​ 188,777 ​ 9.31 ​ ​ ​ N/A ​ N/A ​ ​ ​ N/A ​ N/A ​ ______________________________________ (1)

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Concentration of Credit Risk (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Collateral concentration risk | Loan portfolio | Real estate
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Concentration risk (as a percent)	77%	76.10%

ACQUISITIONS - Narrative (Detai

ACQUISITIONS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Goodwill	$ 30,400	$ 30,400	$ 30,588	$ 24,191	$ 24,191
Acquisition cost	$ 154	$ 1,027
Teton Financial Services
Business Acquisition [Line Items]
Purchase consideration			51,319
Goodwill			$ 6,209

ACQUISITIONS - Fair Value (Deta

ACQUISITIONS - Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Liabilities assumed
Goodwill recognized	$ 30,400	$ 30,400	$ 30,588	$ 24,191	$ 24,191
Total loans held for investment	2,354,898	2,354,898	1,954,168
Acquisition cost	154	1,027
Simmons Bank
Liabilities assumed
Total loans held for investment	$ 248,600	$ 248,600	356,700
Teton Financial Services
Business Acquisition [Line Items]
Cash consideration			11,501
Common stock issued			39,818
Total fair value of consideration transferred			51,319
Assets acquired
Cash and cash equivalents			132,498
Available-for-sale securities, at fair value			18,058
Correspondent bank stock, at cost			928
Mortgage loans held for sale			840
Loans			251,418
Premises and equipment			17,758
Accrued interest receivable			923
Accounts receivable			95
Other receivable			520
Core deposit intangible			1,962
Other assets			468
Assets held for sale			120
Total assets acquired			425,588
Liabilities assumed
Deposits			379,198
Accrued interest payable			26
Other liabilities			1,283
Deferred tax liabilities/(assets), net			(29)
Total liabilities assumed			380,478
Net assets acquired			45,110
Goodwill recognized			6,209
Teton Financial Services | Provisional Estimates
Business Acquisition [Line Items]
Cash consideration			11,501
Common stock issued			39,818
Total fair value of consideration transferred			51,319
Assets acquired
Cash and cash equivalents			132,498
Available-for-sale securities, at fair value			18,058
Correspondent bank stock, at cost			928
Mortgage loans held for sale			840
Loans			252,275
Premises and equipment			17,758
Accrued interest receivable			923
Accounts receivable			95
Other receivable			520
Core deposit intangible			1,264
Other assets			226
Assets held for sale			115
Total assets acquired			425,500
Liabilities assumed
Deposits			379,227
Accrued interest payable			26
Other liabilities			1,283
Deferred tax liabilities/(assets), net			42
Total liabilities assumed			380,578
Net assets acquired			44,922
Goodwill recognized			6,397
Teton Financial Services | Measurement Period Adjustments
Assets acquired
Loans			(857)
Core deposit intangible			698
Other assets			242
Assets held for sale			5
Total assets acquired			88
Liabilities assumed
Deposits			(29)
Deferred tax liabilities/(assets), net			(71)
Total liabilities assumed			(100)
Net assets acquired			188
Goodwill recognized			$ (188)
Core deposit
Liabilities assumed
Estimated life		10 years

ACQUISITIONS - Acquisition expe

ACQUISITIONS - Acquisition expenses (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022
Business Acquisition [Line Items]
Total mergers and acquisitions expense	$ 154	$ 1,027
Salaries and employee benefits
Business Acquisition [Line Items]
Total mergers and acquisitions expense	98	479
Professional services
Business Acquisition [Line Items]
Total mergers and acquisitions expense	90	475
Technology and information systems
Business Acquisition [Line Items]
Total mergers and acquisitions expense	1	6
Data processing
Business Acquisition [Line Items]
Total mergers and acquisitions expense	(96)	(73)
Marketing
Business Acquisition [Line Items]
Total mergers and acquisitions expense	7	81
Other.
Business Acquisition [Line Items]
Total mergers and acquisitions expense	$ 54	$ 59

ACQUISITIONS - Pro forma inform

ACQUISITIONS - Pro forma information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
ACQUISITIONS
Net interest income after provision for loan losses	$ 21,041	$ 18,094	$ 58,734	$ 51,305
Non-interest income	6,454	10,924	21,994	32,283
Net income	$ 6,221	$ 7,760	$ 16,227	$ 22,152
Pro forma earnings per share, Basic	$ 0.66	$ 0.84	$ 1.72	$ 2.38
Pro forma earnings per share, Diluted	$ 0.64	$ 0.82	$ 1.67	$ 2.33

INVESTMENT SECURITIES - Amortiz

INVESTMENT SECURITIES - Amortized cost and fair value of securities available-for-sale and held-to-maturity (Details) - USD ($) $ in Thousands	1 Months Ended	9 Months Ended	12 Months Ended
	Apr. 30, 2022	Sep. 30, 2022	Dec. 31, 2021	Mar. 31, 2022
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Securities held-to-maturity, Gross Unrecognized Gains		$ 16
Securities held-to-maturity, Gross unrecognized losses		(5,649)
Securities held-to-maturity, Fair Value		78,624
Securities held-to-maturity, Amortized Cost		84,257
Securities available-for-sale, Fair Value			$ 55,562
Securities available-for-sale, Gross Unrealized Losses			(182)
Securities available-for-sale, Gross Unrealized Gains			478
Securities available-for-sale, Amortized Cost			55,266
Transfer of securities from available-for-sale to held-to-maturity	$ 58,700	58,727
Unrealized loss on transfer of securities from available-for-sale to held-to-maturity	2,300
Unrealized Loss On Investments And Debt		5,600
Unrealized loss			182
Gain (loss) recognized at the time of transfer	$ 0
U.S. Treasury debt
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Securities held-to-maturity, Gross unrecognized losses		(9)
Securities held-to-maturity, Fair Value		232
Securities held-to-maturity, Amortized Cost		241
Securities available-for-sale, Fair Value			247
Securities available-for-sale, Gross Unrealized Losses			(3)
Securities available-for-sale, Amortized Cost			250
Unrealized loss			3
U.S. Government Agency
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Securities held-to-maturity, Gross unrecognized losses		(2)
Securities held-to-maturity, Fair Value		249
Securities held-to-maturity, Amortized Cost		251
Securities available-for-sale, Fair Value			3,522
Securities available-for-sale, Amortized Cost			3,522
Corporate bonds
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Securities held-to-maturity, Gross Unrecognized Gains		2
Securities held-to-maturity, Gross unrecognized losses		(1,641)
Securities held-to-maturity, Fair Value		22,232
Securities held-to-maturity, Amortized Cost		23,871
Securities available-for-sale, Fair Value			8,325
Securities available-for-sale, Gross Unrealized Losses			(15)
Securities available-for-sale, Gross Unrealized Gains			227
Securities available-for-sale, Amortized Cost			8,113
Unrealized loss			15
Government National Mortgage Association ("GNMA") mortgage-backed securities - residential
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Securities held-to-maturity, Gross unrecognized losses		(2,710)
Securities held-to-maturity, Fair Value		38,987
Securities held-to-maturity, Amortized Cost		41,697
Securities available-for-sale, Fair Value			26,650
Securities available-for-sale, Gross Unrealized Losses			(146)
Securities available-for-sale, Gross Unrealized Gains			185
Securities available-for-sale, Amortized Cost			26,611
Unrealized loss			146
Federal National Mortgage Association ("FNMA") mortgage-backed securities - residential
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Securities held-to-maturity, Gross unrecognized losses		(634)
Securities held-to-maturity, Fair Value		6,300
Securities held-to-maturity, Amortized Cost		6,934
Securities available-for-sale, Fair Value			14,443
Securities available-for-sale, Gross Unrealized Gains			43
Securities available-for-sale, Amortized Cost			14,400
Government CMO and MBS
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Securities held-to-maturity, Gross Unrecognized Gains		14
Securities held-to-maturity, Gross unrecognized losses		(498)
Securities held-to-maturity, Fair Value		6,589
Securities held-to-maturity, Amortized Cost		7,073
Securities available-for-sale, Fair Value			878
Securities available-for-sale, Amortized Cost			878
Corporate CMO and MBS
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Securities held-to-maturity, Gross unrecognized losses		(155)
Securities held-to-maturity, Fair Value		4,035
Securities held-to-maturity, Amortized Cost		4,190
Securities available-for-sale, Fair Value			1,497
Securities available-for-sale, Gross Unrealized Losses			(18)
Securities available-for-sale, Gross Unrealized Gains			23
Securities available-for-sale, Amortized Cost			1,492
Unrealized loss			18
Bank Technology Fund [Member]
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Payments To Partnership Fund		700
Investment balance included in other assets		700
Contractual Obligation				$ 3,000
Potential Future Contribution Obligation		2,300
Small Business Investment Company ("SBIC")
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Contractual Obligation		1,000
Return of capital, received		100	100
Other Assets [Member] | Small Business Investment Company ("SBIC")
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Investment balance included in other assets		$ 2,000	$ 2,000

INVESTMENT SECURITIES - Amort_2

INVESTMENT SECURITIES - Amortized cost and estimated fair value of held-to-maturity securities excluding SBIC (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($) security
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Due within one year amortized cost	$ 251
Due between one year and five years amortized cost	2,232
Due between five years and ten years amortized cost	21,565
Due after ten years, amortized cost	315
Securities (CMO and MBS), amortized cost	59,894
Securities held-to-maturity, Amortized Cost	84,257
Due within one year fair value	249
Due between one year and five years fair value	2,135
Due between five years and ten years fair value	20,022
Due after ten years, fair value	307
Securities (CMO and MBS), fair value	55,911
Fair Value	78,624
Held to maturity securities pledged as collateral	$ 15,800
Debt available for sale securities pledged as collateral		$ 17,300
Threshold Percentage Of Shareholders Equity Amount Held As Securities By One Issuer	10%	10%
Unrealized loss	$ 5,649
Available for sale securities, excluding SBIC
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Number of held to maturity securities unrealized loss position | security	99
Number of securities in continuous unrealized loss position for more than twelve months | security	9
Securities Held To Maturity [Member]
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Number of securities in unrealized loss position | security		10

INVESTMENT SECURITIES - Securit

INVESTMENT SECURITIES - Securities with unrealized losses (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Held to maturity, Less than 12 months, Fair Value	$ 66,654,000
Held to maturity, Less than 12 months, Unrealized losses	(4,501,000)
Held to maturity, 12 months or Longer, Fair Value	11,104,000
Held to maturity, 12 months or Longer, Unrealized losses	(1,148,000)
Held to maturity, Total fair value	77,758,000
Held to maturity, Total unrealized losses	(5,649,000)
Less than 12 months, Fair Value		$ 17,937,000
Less than 12 months, Unrealized Losses		(164,000)
12 months or Longer, Fair Value		521,000
12 months or Longer, Unrealized Losses		(18,000)
Total Fair Value		18,458,000
Total Unrealized Losses		(182,000)
Sales	0	0
U.S. Treasury debt
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Held to maturity, 12 months or Longer, Fair Value	232,000
Held to maturity, 12 months or Longer, Unrealized losses	(9,000)
Held to maturity, Total fair value	232,000
Held to maturity, Total unrealized losses	(9,000)
Less than 12 months, Fair Value		247,000
Less than 12 months, Unrealized Losses		(3,000)
Total Fair Value		247,000
Total Unrealized Losses		(3,000)
U.S. Government Agency
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Held to maturity, Less than 12 months, Fair Value	249,000
Held to maturity, Less than 12 months, Unrealized losses	(2,000)
Held to maturity, Total fair value	249,000
Held to maturity, Total unrealized losses	(2,000)
Corporate bonds
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Held to maturity, Less than 12 months, Fair Value	21,764,000
Held to maturity, Less than 12 months, Unrealized losses	(1,629,000)
Held to maturity, 12 months or Longer, Fair Value	460,000
Held to maturity, 12 months or Longer, Unrealized losses	(12,000)
Held to maturity, Total fair value	22,224,000
Held to maturity, Total unrealized losses	(1,641,000)
Less than 12 months, Fair Value		485,000
Less than 12 months, Unrealized Losses		(15,000)
Total Fair Value		485,000
Total Unrealized Losses		(15,000)
Government National Mortgage Association ("GNMA") mortgage-backed securities - residential
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Held to maturity, Less than 12 months, Fair Value	28,987,000
Held to maturity, Less than 12 months, Unrealized losses	(1,605,000)
Held to maturity, 12 months or Longer, Fair Value	10,000,000
Held to maturity, 12 months or Longer, Unrealized losses	(1,105,000)
Held to maturity, Total fair value	38,987,000
Held to maturity, Total unrealized losses	(2,710,000)
Less than 12 months, Fair Value		17,205,000
Less than 12 months, Unrealized Losses		(146,000)
Total Fair Value		17,205,000
Total Unrealized Losses		(146,000)
Federal National Mortgage Association ("FNMA") mortgage-backed securities - residential
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Held to maturity, Less than 12 months, Fair Value	6,300,000
Held to maturity, Less than 12 months, Unrealized losses	(634,000)
Held to maturity, Total fair value	6,300,000
Held to maturity, Total unrealized losses	(634,000)
Government CMO and MBS
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Held to maturity, Less than 12 months, Fair Value	5,731,000
Held to maturity, Less than 12 months, Unrealized losses	(498,000)
Held to maturity, Total fair value	5,731,000
Held to maturity, Total unrealized losses	(498,000)
Corporate CMO and MBS
Debt Securities, Available-for-sale And Held-to-maturity [Line Items]
Held to maturity, Less than 12 months, Fair Value	3,623,000
Held to maturity, Less than 12 months, Unrealized losses	(133,000)
Held to maturity, 12 months or Longer, Fair Value	412,000
Held to maturity, 12 months or Longer, Unrealized losses	(22,000)
Held to maturity, Total fair value	4,035,000
Held to maturity, Total unrealized losses	$ (155,000)
12 months or Longer, Fair Value		521,000
12 months or Longer, Unrealized Losses		(18,000)
Total Fair Value		521,000
Total Unrealized Losses		$ (18,000)

LOANS AND THE ALLOWANCE FOR L_3

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Summary of loans (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	$ 2,354,898	$ 1,954,168
Deferred fees and unamortized premiums/(unaccreted discounts), net	(3,576)	(5,031)
Allowance for loan losses	(16,081)	(13,732)
Loans, net	2,335,241	1,935,405
Loan measured at fair value	22,871	0
Simmons Bank
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	248,600	356,700
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	154,748	261,190
Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	50,429	34,758
Loan measured at fair value	22,600
Construction and Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	228,060	178,716
1-4 Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	822,796	580,872
Non-Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	527,836	482,622
Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	220,075	212,426
Commercial. and Industrial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	350,954	203,584
PPP Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	7,700	46,800
PPP Loans | Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	$ 7,700	$ 46,800
Percent of Loans on Total Loan Segment	5%	17.90%
MSLP loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total loans held for investment	$ 6,800	$ 6,800
COVID-19 | MSLP loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans, net	$ 6,800	$ 6,800
Percent of Loans on Total Loan Segment	1.90%	3.30%
Number of loans | loan	5	5

LOANS AND THE ALLOWANCE FOR L_4

LOANS AND THE ALLOWANCE FOR LOAN LOSSES -Loan Modifications (Details) - COVID-19 $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Delinquent over period	30 days
Payments Period	2 years
Number of Loans Modified | loan	51
Outstanding Balance of Modified Loans | $	$ 88.4
Loans modified for temporary payment	180 days
Number of loans modified | loan	15
Loan deferral amount | $	$ 3.4

LOANS AND THE ALLOWANCE FOR L_5

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Aging analysis of recorded investments by class (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 6,546	$ 12,329
Current	2,348,352	1,941,839
Total Recorded Investment	2,354,898	1,954,168
30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,542	7,573
60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	2,158	2,548
90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	2,846	2,208
Cash, Securities and Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	879	751
Current	153,869	260,439
Total Recorded Investment	154,748	261,190
Cash, Securities and Other | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	20	745
Cash, Securities and Other | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	855
Cash, Securities and Other | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	4	6
Consumer and Other
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	829	456
Current	49,600	34,302
Total Recorded Investment	50,429	34,758
Consumer and Other | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	421	454
Consumer and Other | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	343
Consumer and Other | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	65	2
Construction and Development
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	2,880	2,758
Current	225,180	175,958
Total Recorded Investment	$ 228,060	178,716
Number of loans, 90 days delinquent and accruing interest | loan	1
90 days past due and accruing interest	$ 800
Construction and Development | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	882	2,758
Construction and Development | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	960
Construction and Development | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,038
1-4 Family Residential
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	278	1,449
Current	822,518	579,423
Total Recorded Investment	822,796	580,872
1-4 Family Residential | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	209	1,449
1-4 Family Residential | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	69
Non-Owner Occupied CRE
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due		2,548
Current	527,836	480,074
Total Recorded Investment	527,836	482,622
Non-Owner Occupied CRE | 60-89 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due		2,548
Owner Occupied CRE
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due		1,419
Current	220,075	211,007
Total Recorded Investment	220,075	212,426
Owner Occupied CRE | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due		1,419
Commercial. and Industrial.
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	1,680	2,948
Current	349,274	200,636
Total Recorded Investment	$ 350,954	$ 203,584
Number of loans, 90 days delinquent and accruing interest | loan	1	1
90 days past due and accruing interest	$ 200
Commercial. and Industrial. | 30-59 Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	10	$ 748
Commercial. and Industrial. | 90 or More Days Past Due
Financing Receivable, Recorded Investment, Past Due [Line Items]
Total past due	$ 1,670	$ 2,200

LOANS AND THE ALLOWANCE FOR L_6

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Recorded investment in non-accrual loans by class (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 3,702	$ 4,262
Recorded investments	3,400	4,300
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	4	6
Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	65	2
Construction and Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	201
1-4 Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	69	75
Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	1,179	1,241
Commercial. and Industrial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Non-accrual loans	$ 2,184	$ 2,938

LOANS AND THE ALLOWANCE FOR L_7

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Summary of unpaid principal balance of loans classified as TDRs (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($) loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	$ 3,637	$ 4,262
Allowance for loan associated with TDR		(1,753)
Net recorded investment	3,478	2,564
Additional funds to loans classified as TDRs	$ 0	$ 0
Modified Loan Maturity Period	1 year
Number of loans classified as TDRs | loan		3
Recorded investments	$ 3,400	$ 4,300
Interest only payment period for modified loans		6 months
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	4	$ 6
1-4 Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	69	75
Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	1,179	1,241
Commercial. and Industrial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	2,184	2,938
Allowance for loan associated with TDR		(1,751)
Allowance for loan losses associated with TDR		(1,751)
Small Mortgage Loan
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investments		100
Commercial and Real Estate
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investments		1,200
Commercial Loans
Accounts, Notes, Loans and Financing Receivable [Line Items]
Recorded investments		700
Accrual Loans | Non-Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as TDRs	42	55
Loans on nonaccrual status
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as TDRs	3,478	4,315
Loans on nonaccrual status | Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	4	6
Loans on nonaccrual status | 1-4 Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as TDRs	69	75
Loans on nonaccrual status | Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans classified as TDRs	1,179	1,241
Loans on nonaccrual status | Commercial. and Industrial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment	$ 2,184	$ 2,938

LOANS AND THE ALLOWANCE FOR L_8

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Recorded investment in impaired loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With Allowance					$ 2,192
Total Recorded Investment With No Allowance	$ 3,637		$ 3,637		2,070
Total Recorded Investment	3,637		3,637		4,262
Unpaid Contractual Principal Balance with a valuation Allowance					2,192
Unpaid Contractual Principal Balance with no related valuation Allowance	3,637		3,637		2,070
Unpaid Contractual Principal Balance	3,637		3,637		4,262
Allowance for Loan Losses					1,753
Average Recorded Investment with Allowance	1	$ 2,653	1	$ 3,037
Average Recorded Investment with No Allowance	3,756	1,086	3,999	613
Average Recorded Investment	3,757	3,739	4,000	3,650
Interest Income Recognized with Allowance				21
Interest Income Recognized with No Allowance		220		271
Interest Income Recognized		220		292
Cash, Securities and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With No Allowance	4		4		6
Total Recorded Investment	4		4		6
Unpaid Contractual Principal Balance with no related valuation Allowance	4		4		6
Unpaid Contractual Principal Balance	4		4		6
Average Recorded Investment with Allowance		1		1
Average Recorded Investment with No Allowance	4	10	4	22
Average Recorded Investment	4	11	4	23
Consumer and Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With Allowance					2
Total Recorded Investment					2
Unpaid Contractual Principal Balance with a valuation Allowance					2
Unpaid Contractual Principal Balance					2
Allowance for Loan Losses					2
Average Recorded Investment with Allowance	1	17	1	9
Average Recorded Investment	1	17	1	9
Construction and Development
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With No Allowance	201		201
Total Recorded Investment	201		201
Unpaid Contractual Principal Balance with no related valuation Allowance	201		201
Unpaid Contractual Principal Balance	201		201
Average Recorded Investment with No Allowance	101		50
Average Recorded Investment	101		50
1-4 Family Residential
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With No Allowance	69		69		75
Total Recorded Investment	69		69		75
Unpaid Contractual Principal Balance with no related valuation Allowance	69		69		75
Unpaid Contractual Principal Balance	69		69		75
Average Recorded Investment with No Allowance	68	41	71	21
Average Recorded Investment	68	41	71	21
Owner Occupied CRE
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With No Allowance	1,179		1,179		1,241
Total Recorded Investment	1,179		1,179		1,241
Unpaid Contractual Principal Balance with no related valuation Allowance	1,179		1,179		1,241
Unpaid Contractual Principal Balance	1,179		1,179		1,241
Average Recorded Investment with No Allowance	1,190	625	1,211	313
Average Recorded Investment	1,190	625	1,211	313
Interest Income Recognized with No Allowance				51
Interest Income Recognized				51
Commercial. and Industrial.
Accounts, Notes, Loans and Financing Receivable [Line Items]
Total Recorded Investment With Allowance					2,190
Total Recorded Investment With No Allowance	2,184		2,184		748
Total Recorded Investment	2,184		2,184		2,938
Unpaid Contractual Principal Balance with a valuation Allowance					2,190
Unpaid Contractual Principal Balance with no related valuation Allowance	2,184		2,184		748
Unpaid Contractual Principal Balance	2,184		2,184		2,938
Allowance for Loan Losses					$ 1,751
Average Recorded Investment with Allowance		2,635		3,027
Average Recorded Investment with No Allowance	2,393	410	2,663	257
Average Recorded Investment	$ 2,393	3,045	$ 2,663	3,284
Interest Income Recognized with Allowance				21
Interest Income Recognized with No Allowance		220		220
Interest Income Recognized		$ 220		$ 241

LOANS AND THE ALLOWANCE FOR L_9

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Allowance for loan losses by portfolio (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	$ 14,357	$ 12,552	$ 13,732	$ 12,539
(Release)/provision for loan losses	1,756	406	2,485	418
Charge-offs	(50)		(242)
Recoveries	18	6	106	7
Ending balance	16,081	12,964	16,081	12,964
Individually evaluated					$ 1,753
Collectively evaluated	16,081		16,081		11,979
Loans individually evaluated	3,637		3,637		4,262
Loans collectively evaluated	2,328,613		2,328,613		1,949,906
Unpaid principal balance of loans held for investment measured at fair value	35,603		35,603		29,857
Total Recorded Investment	2,354,898		2,354,898		1,954,168
Cash, Securities and Other
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	1,194	1,843	1,598	2,439
(Release)/provision for loan losses	(97)	(51)	(501)	(647)
Ending balance	1,097	1,792	1,097	1,792
Collectively evaluated	1,097		1,097		1,598
Loans individually evaluated	4		4		6
Loans collectively evaluated	154,744		154,744		261,184
Total Recorded Investment	154,748		154,748		261,190
Consumer and Other
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	220	196	266	140
(Release)/provision for loan losses	9	136	67	191
Charge-offs	(50)		(242)
Recoveries	18	6	106	7
Ending balance	197	338	197	338
Individually evaluated					2
Collectively evaluated	197		197		264
Loans individually evaluated					2
Loans collectively evaluated	27,781		27,781		34,756
Total Recorded Investment	50,429		50,429		34,758
Construction and Development
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	1,074	871	1,092	932
(Release)/provision for loan losses	496	48	478	(13)
Ending balance	1,570	919	1,570	919
Collectively evaluated	1,570		1,570		1,092
Loans individually evaluated	201		201
Loans collectively evaluated	227,859		227,859		178,716
Total Recorded Investment	228,060		228,060		178,716
1-4 Family Residential
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	4,845	3,399	3,553	3,233
(Release)/provision for loan losses	824	97	2,116	263
Ending balance	5,669	3,496	5,669	3,496
Collectively evaluated	5,669		5,669		3,553
Loans individually evaluated	69		69		75
Loans collectively evaluated	822,727		822,727		580,797
Total Recorded Investment	822,796		822,796		580,872
Non-Owner Occupied CRE
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	3,235	2,223	2,952	2,004
(Release)/provision for loan losses	402	271	685	490
Ending balance	3,637	2,494	3,637	2,494
Collectively evaluated	3,637		3,637		2,952
Loans collectively evaluated	527,836		527,836		482,622
Total Recorded Investment	527,836		527,836		482,622
Owner Occupied CRE
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	1,477	1,225	1,292	1,159
(Release)/provision for loan losses	31	(67)	216	(1)
Ending balance	1,508	1,158	1,508	1,158
Collectively evaluated	1,508		1,508		1,292
Loans individually evaluated	1,179		1,179		1,241
Loans collectively evaluated	218,896		218,896		211,185
Total Recorded Investment	220,075		220,075		212,426
Commercial. and Industrial.
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Beginning balance	2,312	2,795	2,979	2,632
(Release)/provision for loan losses	91	(28)	(576)	135
Ending balance	2,403	$ 2,767	2,403	$ 2,767
Individually evaluated					1,751
Collectively evaluated	2,403		2,403		1,228
Loans individually evaluated	2,184		2,184		2,938
Loans collectively evaluated	348,770		348,770		200,646
Total Recorded Investment	350,954		350,954		$ 203,584
Loan Held for Investment
Financing Receivable, Allowance for Credit Losses [Roll Forward]
Unpaid principal balance of loans held for investment measured at fair value	$ 22,648		$ 22,648

LOANS AND THE ALLOWANCE FOR _10

LOANS AND THE ALLOWANCE FOR LOAN LOSSES - Recorded investment in company's loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	$ 2,354,898	$ 1,954,168
Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	2,316,805	1,938,462
Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	11,809	8,875
Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	3,636	6,831
Not Rated
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	22,648
Doubtful
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	0	0
Cash, Securities and Other
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	154,748	261,190
Cash, Securities and Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	154,744	261,184
Cash, Securities and Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	4	6
Consumer and Other
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	50,429	34,758
Consumer and Other | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	27,781	34,756
Consumer and Other | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		2
Consumer and Other | Not Rated
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	22,648
Construction and Development
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	228,060	178,716
Construction and Development | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	227,859	176,194
Construction and Development | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment		2,522
Construction and Development | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	201
1-4 Family Residential
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	822,796	580,872
1-4 Family Residential | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	822,728	580,797
1-4 Family Residential | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	68	75
Non-Owner Occupied CRE
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	527,836	482,622
Non-Owner Occupied CRE | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	527,794	476,670
Non-Owner Occupied CRE | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	42	5,952
Owner Occupied CRE
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	220,075	212,426
Owner Occupied CRE | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	218,896	210,493
Owner Occupied CRE | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	1,179	1,933
Commercial. and Industrial.
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	350,954	203,584
Commercial. and Industrial. | Pass
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	337,003	198,368
Commercial. and Industrial. | Special Mention
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	11,767	401
Commercial. and Industrial. | Substandard
Financing Receivable, Recorded Investment [Line Items]
Total loans held for investment	$ 2,184	$ 4,815

GOODWILL (Details)

GOODWILL (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended	12 Months Ended
	Mar. 31, 2022	Sep. 30, 2022	Dec. 31, 2021
Goodwill [Roll Forward]
Beginning balance	$ 30,588	$ 30,588	$ 24,191
Acquisition activity		(188)
Acquisition activity			6,397
Ending balance		$ 30,400	30,588
Change in goodwill			$ 6,400
Goodwill adjustments	$ (200)

LEASES - Leases Balance Sheets

LEASES - Leases Balance Sheets Location (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
LEASES
Operating lease right-of-use asset	$ 8,583	$ 10,720
Operating lease liability	$ 11,312	$ 13,863
Weighted-Average Remaining Lease Term - Operating leases	4 years 10 months 9 days	5 years 3 months 3 days
Weighted-Average Discount Rate - Operating leases	2.60%	2.67%

LEASES - Leases Costs (Details)

LEASES - Leases Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
LEASES
Operating lease cost	$ 768	$ 781	$ 2,387	$ 2,264
Variable lease cost	523	488	1,609	1,316
Lease costs, net	$ 1,291	$ 1,269	$ 3,996	$ 3,580

LEASES - Lease Maturity (Detail

LEASES - Lease Maturity (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
LEASES
2022	$ 858	$ 858
2023	3,131	3,131
2024	2,983	2,983
2025	2,039	2,039
2026	703	703
Thereafter	2,168	2,168
Total future minimum lease payments	11,882	11,882
Less: imputed interest	(570)	(570)
Present value of net future minimum lease payments	11,312	11,312	$ 13,863
Lease income	$ 100	$ 300

LEASES - Expected Amortization

LEASES - Expected Amortization Expense (Details) $ in Thousands	Sep. 30, 2022 USD ($)
LEASES
2022	$ 73
2023	230
2024	199
Total undiscounted operating lease income	$ 502

DEPOSITS (Details)

DEPOSITS (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
DEPOSITS
Money market deposit accounts	$ 1,010,846	$ 1,056,669
Time deposits	186,680	170,491
Negotiable order of withdrawal accounts	277,225	309,940
Savings accounts	30,641	32,299
Total interest-bearing deposits	1,505,392	1,569,399
Aggregate time deposits of $250 or greater	63,808	75,747
Overdrafts balances classified As loans	$ 100	$ 100

DEPOSITS - Time Deposits (Detai

DEPOSITS - Time Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Scheduled maturities of time deposits
2022	$ 65,677
2023	79,076
2024	23,034
2025	3,138
2026	5,402
Thereafter	10,353
Total	$ 186,680	$ 170,491

BORROWINGS (Details)

BORROWINGS (Details) $ in Thousands					9 Months Ended	12 Months Ended
	Jan. 01, 2022 USD ($)	Aug. 31, 2021 USD ($)	Nov. 25, 2020 USD ($)	Mar. 17, 2020 USD ($)	Sep. 30, 2022 USD ($) fund	Dec. 31, 2021 USD ($) fund
BORROWINGS
Borrowings from FHLB					$ 267,432	$ 15,000
Number of unsecured federal funds lines of credit | fund					3	3
Total loans held for investment					$ 2,354,898	$ 1,954,168
Federal Funds Lines of Credit One
BORROWINGS
Maximum borrowing capacity					10,000	10,000
Amount outstanding					0	0
Federal Funds Lines of Credit Two
BORROWINGS
Maximum borrowing capacity					19,000	19,000
Federal Funds Line of Credit Three
BORROWINGS
Maximum borrowing capacity					25,000	25,000
Subordinated Notes March 2020
BORROWINGS
Face amount				$ 8,000
interest rate (as a percent)				5.125%
Issuance costs				$ 100
Net balance					7,900
Subordinated Notes March 2020 | 90 Day London Interbank Offered Rate [Member]
BORROWINGS
Basis spread (as a percent)				4.50%
Subordinated Notes November 2020
BORROWINGS
Face amount			$ 10,000
interest rate (as a percent)			4.25%
Issuance costs			$ 200
Net balance					9,900
Subordinated Notes November 2020 | 90 Day London Interbank Offered Rate [Member]
BORROWINGS
Basis spread (as a percent)			4.02%
Subordinated Notes 2026 [Member]
BORROWINGS
Principle amount outstanding	$ 6,600
Redemption percentage	100%
Subordinated Notes
BORROWINGS
Face amount		$ 15,000
interest rate (as a percent)		3.25%
Basis spread (as a percent)		2.58%
Issuance costs		$ 300
Net balance					14,800
PPPLF
BORROWINGS
Advances from Federal Home Loan Banks					$ 5,800	23,600
Interest bearing rate					0.35%
Debt term					5 years
FHLB
BORROWINGS
Amount of collateral pledged					$ 1,130,000	771,400
Available balance					$ 532,400
April 22, 2022
BORROWINGS
Interest rate					0.37%
Borrowings from FHLB						5,000
October 1, 2022
BORROWINGS
Interest rate					3.15%
Borrowings from FHLB					$ 257,432
May 5, 2023
BORROWINGS
Interest rate					0.76%
Borrowings from FHLB					$ 10,000	$ 10,000

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Unused lines of credit-Fixed
COMMITMENTS AND CONTINGENCIES
Other commitment	$ 210,371	$ 136,289
Standby letters of credit-Fixed
COMMITMENTS AND CONTINGENCIES
Other commitment	8,677	2,420
Commitments to make loans to sell-Fixed
COMMITMENTS AND CONTINGENCIES
Other commitment	23,442	60,529
Commitments to make loans-Fixed
COMMITMENTS AND CONTINGENCIES
Other commitment	83,940	16,256
Unused lines of credit-Variable
COMMITMENTS AND CONTINGENCIES
Other commitment	633,990	442,035
Standby letters of credit-Variable
COMMITMENTS AND CONTINGENCIES
Other commitment	20,867	20,940
Commitments to make loans-Variable
COMMITMENTS AND CONTINGENCIES
Other commitment	$ 72,694	$ 14,920

SHAREHOLDERS EQUITY - Common St

SHAREHOLDERS EQUITY - Common Stock (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2022	Jan. 06, 2022	Dec. 31, 2021
Class of Stock [Line Items]
Common stock par value	$ 0		$ 0
Maximum offering price		$ 100
Common Stock
Class of Stock [Line Items]
Common stock par value	$ 0
Number of votes per each share	one
Issuance of common stock (in shares)	0

SHAREHOLDERS EQUITY - Stock bas

SHAREHOLDERS EQUITY - Stock based compensation - Restricted Stock Awards (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2017
Restricted Stock Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued					105,264
Value of shares issued					$ 3
Recognized compensation expense	$ 0.1	$ 0.1	$ 0.2	$ 0.2
Number of stock awards vested			10,527	10,526
Unrecognized compensation expense	0		$ 0
Number of stock awards vested		6,025	91,171	66,453
Employee service period
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued					52,632
Value of shares issued					$ 1.5
Vesting period (in years)					5 years
Performance of mortgage division
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares issued					52,632
Value of shares issued					$ 1.5
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense	$ 0		$ 0

SHAREHOLDERS EQUITY - Stock b_2

SHAREHOLDERS EQUITY - Stock based compensation - Stock Options (Details) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2022	Sep. 30, 2021
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)		0	0
Stock-based compensation expense	$ 0	$ 0
Unrecognized stock-based compensation expense	$ 0	$ 0
2016 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for issuance	167,653	167,653

SHAREHOLDERS EQUITY - Stock b_3

SHAREHOLDERS EQUITY - Stock based compensation - Stock Options Activity (Details) - Stock options	9 Months Ended
	Sep. 30, 2022 $ / shares shares	Sep. 30, 2021 shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Outstanding at beginning of year (in shares) | shares	308,574
Granted (in shares) | shares	0	0
Exercised (in shares) | shares	(8,309)
Forfeited or expired (in shares) | shares	(116,100)
Outstanding at end of period (in shares) | shares	184,165
Options fully vested / exercisable at end of period (in shares) | shares	184,165
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Options, Outstanding, Weighted Average Exercise Price, Beginning Balance	$ 29.21
Exercised (in dollars per share)	21.50
Forfeited or expired (in dollars per share)	40
Options, Outstanding, Weighted Average Exercise Price, Ending Balance	22.76
Options fully vested / exercisable	$ 22.76
Weighted Average Remaining Contractual Term
Outstanding at end of year	2 years 3 months 18 days
Options fully vested / exercisable	2 years 3 months 18 days
Aggregate Intrinsic Value
Exercise price low range	$ 20
Exercise price high range	$ 27
Expiry period	10 years

SHAREHOLDERS EQUITY - Stock b_4

SHAREHOLDERS EQUITY - Stock based compensation - Share Awards (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Stock issued (in shares)	2,740	4,292	64,426	47,351
Stock surrendered (in shares)	1,111	1,733	26,745	19,102
Stock surrendered to cover employee withholding taxes			$ 0.8	$ 0.5
Time Vesting Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of year			249,821
Granted (in shares)			156,453
Vested (in shares)			(79,071)
Forfeited (in shares)			(28,050)
Outstanding at end of year	299,153		299,153
Stock-based compensation expense	$ 0.4	$ 0.4	$ 1.3	$ 1.2
Unrecognized compensation expense	$ 6.5		$ 6.5
Unrecognized compensation expense recognition period (in years)			2 years 1 month 6 days
Time Vesting Units | Third and fifth anniversaries
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Service period (in years)			5 years
Time Vesting Units | Anniversary of grant date
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Granted (in shares)			156,453
Vesting Percentage			20%
Financial Performance Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of year			183,483
Granted (in shares)			91,901
Vested (in shares)			(12,100)
Forfeited (in shares)			(21,241)
Outstanding at end of year	242,043		242,043
Market Performance Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Outstanding at beginning of year			13,746
Forfeited (in shares)			(13,746)
Unrecognized compensation expense	$ 0		$ 0
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Vested (in shares)	(3,851)

SHAREHOLDERS EQUITY - Stock b_5

SHAREHOLDERS EQUITY - Stock based compensation - Financial Performance Units (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Financial Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares)			91,901
Financial Performance Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance threshold percentage			150%
Financial Performance Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Financial performance threshold percentage			0%
Financial Performance Units Granted Prior to May 1, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 5		$ 23
Financial Performance Units Granted From May 1, 2019 Through April 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of awards accruing at maximum threshold			150%
Maximum number of shares can be issued	71,547		71,547
Unrecognized compensation expense	$ 188		$ 188
Unrecognized compensation expense recognition period (in years)			1 year 3 months 18 days
Stock-based compensation expense	$ 4	37	$ 94	154
Financial Performance Units Granted From May 01, 2020 Through December 31 2020, Excluding November 18, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of awards accruing at maximum threshold			150%
Maximum number of shares can be issued	75,846		75,846
Unrecognized compensation expense	$ 306		$ 306
Unrecognized compensation expense recognition period (in years)			2 years 3 months 18 days
Stock-based compensation expense	$ 45	44	$ 127	153
Financial Performance Units Granted on November 18, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of awards accruing at maximum threshold			116%
Remainder threshold awards	50%		50%
Maximum number of shares can be issued	25,221		25,221
Unrecognized compensation expense	$ 262		$ 262
Unrecognized compensation expense recognition period (in years)			2 years 1 month 6 days
Stock-based compensation expense	$ (1)	30	$ 27	$ 94
Financial Performance Units Granted From May 3 2021 Through August 11,2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of awards accruing at maximum threshold			150%
Maximum number of shares can be issued	55,413		55,413
Unrecognized compensation expense	$ 673		$ 673
Unrecognized compensation expense recognition period (in years)			3 years 3 months 18 days
Granted (in shares)				41,743
Stock-based compensation expense	$ 72	$ 83	$ 211	$ 140
Financial Performance Units Granted On May 2, 2022 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of awards accruing at maximum threshold			52%
Maximum number of shares can be issued	29,996		29,996
Unrecognized compensation expense	$ 2,619		$ 2,619
Unrecognized compensation expense recognition period (in years)			4 years 3 months 18 days
Granted (in shares)			64,629
Stock-based compensation expense	$ 31		$ 89
Financial Performance Units Granted On August 4, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent of awards accruing at maximum threshold			100%
Maximum number of shares can be issued	27,272		27,272
Unrecognized compensation expense	$ 723		$ 723
Unrecognized compensation expense recognition period (in years)			4 years 3 months 18 days
Granted (in shares)			27,272
Stock-based compensation expense	$ 28		$ 28

SHAREHOLDERS EQUITY - Stock b_6

SHAREHOLDERS EQUITY - Stock based compensation - Market Performance Units (Details) $ in Millions	Sep. 30, 2022 USD ($)
Market Performance Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation expense	$ 0

EARNINGS PER COMMON SHARE (Deta

EARNINGS PER COMMON SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net income available for common shareholders	$ 6,221	$ 6,417	$ 16,227	$ 18,693
Denominator:
Basic weighted average shares	9,481,311	7,979,869	9,450,436	7,959,268
Earnings per common share - basic	$ 0.66	$ 0.80	$ 1.72	$ 2.35
Numerator:
Net income available for common shareholders	$ 6,221	$ 6,417	$ 16,227	$ 18,693
Denominator:
Basic weighted average shares	9,481,311	7,979,869	9,450,436	7,959,268
Diluted effect of common stock equivalents:
Total diluted effect of common stock equivalents	191,767	266,484	266,642	229,998
Diluted weighted average shares	9,673,078	8,246,353	9,717,078	8,189,266
Earnings per common share - diluted	$ 0.64	$ 0.78	$ 1.67	$ 2.28
Stock options
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents	30,599	35,428	45,934	25,400
Time Vesting Units
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents	80,757	144,479	130,795	126,231
Financial Performance Units
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents	80,411	73,135	85,362	64,542
Market Performance Units
Diluted effect of common stock equivalents:
Diluted effect of common stock equivalents		13,442	4,551	13,825

EARNINGS PER COMMON SHARE - Ant

EARNINGS PER COMMON SHARE - Anti-dilutive Securities (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	209,846	190,911	110,596	228,532
Stock options
EARNINGS PER COMMON SHARE
Total potentially dilutive securities		139,639		186,462
Time Vesting Units
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	115,636		79,193	1,327
Financial Performance Units
EARNINGS PER COMMON SHARE
Total potentially dilutive securities	94,210	40,745	31,403	30,216
Restricted Stock Awards
EARNINGS PER COMMON SHARE
Total potentially dilutive securities		10,527		10,527

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
INCOME TAXES
Income tax provision	$ 2,014	$ 2,049	$ 5,300	$ 6,000
Effective income tax rate	24.50%	24.20%	24.60%	24.30%

RELATED-PARTY TRANSACTIONS (Det

RELATED-PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Summary of related party loan activity
Balance, beginning of year	$ 12,833	$ 14,321	$ 14,321
Funded loans	13,903		11,294
Payments collected	(9,964)		(12,782)
Balance, end of year	16,772		12,833
Deposits from related parties	25,600		$ 51,000
Board Member
Summary of related party loan activity
Rental expense	$ 200	$ 200

FAIR VALUE - Summary of assets

FAIR VALUE - Summary of assets measured at fair value on recurring basis (Details) $ in Thousands	Sep. 30, 2022 USD ($) loan	Dec. 31, 2021 USD ($)
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		$ 55,562
Number of Loans, Non-accruals, fair value | loan	68
Mortgage loans held for sale, at fair value	$ 12,743	30,620
U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		247
U.S. Government Agency
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		3,522
Corporate bonds
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		8,325
Government CMO and MBS
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		878
Corporate CMO and MBS
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		1,497
Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		55,562
Loans held at fair value	22,871
Equity securities	748	1,198
Guarantee asset	159	237
Equity warrants	827	160
Mortgage loans held for sale, at fair value	12,743	30,620
Recurring | U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		247
Recurring | U.S. Government Agency
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		3,522
Recurring | Corporate bonds
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		8,325
Recurring | Government CMO and MBS
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		878
Recurring | Corporate CMO and MBS
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		1,497
Recurring | IRLC,net
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	138	1,473
Recurring | Forward Commitment
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	1,128	(74)
Recurring | GNMA | mortgage-backed securities - residential
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		26,650
Recurring | FNMA | mortgage-backed securities - residential
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		14,443
Level 1 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		247
Equity securities	626	709
Level 1 | Recurring | U.S. Treasury debt
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		247
Level 2 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		53,202
Equity securities	122	489
Mortgage loans held for sale, at fair value	12,743	30,620
Level 2 | Recurring | U.S. Government Agency
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		3,522
Level 2 | Recurring | Corporate bonds
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		6,212
Level 2 | Recurring | Government CMO and MBS
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		878
Level 2 | Recurring | Corporate CMO and MBS
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		1,497
Level 2 | Recurring | Forward Commitment
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	1,139	(65)
Level 2 | Recurring | GNMA | mortgage-backed securities - residential
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		26,650
Level 2 | Recurring | FNMA | mortgage-backed securities - residential
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		14,443
Level 3 | Recurring
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		2,113
Loans held at fair value	22,871
Guarantee asset	159	237
Equity warrants	827	160
Level 3 | Recurring | Corporate bonds
Summary of assets measured on a recurring and nonrecurring basis
Available-for-sale securities, at fair value		2,113
Level 3 | Recurring | IRLC,net
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	138	1,473
Level 3 | Recurring | Forward Commitment
Summary of assets measured on a recurring and nonrecurring basis
Derivative asset, Fair value	$ (11)	$ (9)

FAIR VALUE - Loans measured at

FAIR VALUE - Loans measured at fair value under fair value option (Details) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
90 days or more past due, fair value and still accruing	$ 0	$ 0
Total loans, fair value	35,614,000	30,620,000
Total loans, unpaid principal balance	35,603,000	29,857,000
Total loans, difference	11,000	763,000
Non-accruals, fair value	59,000	0
Non-accruals, unpaid principal balance	56,000
Non-accruals, difference	3,000
90 days or more past due, fair value	59,000
90 days or more past due, unpaid principal balance	56,000
90 days or more past due, difference	3,000
Loans Held for Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans, fair value	12,743,000	30,620,000
Total loans, unpaid principal balance	12,955,000	29,857,000
Total loans, difference	(212,000)	$ 763,000
Loan Held for Investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total loans, fair value	22,871,000
Total loans, unpaid principal balance	22,648,000
Total loans, difference	223,000
Non-accruals, fair value	59,000
Non-accruals, unpaid principal balance	56,000
Non-accruals, difference	3,000
90 days or more past due, fair value	59,000
90 days or more past due, unpaid principal balance	56,000
90 days or more past due, difference	$ 3,000

FAIR VALUE - Schedule of gain o

FAIR VALUE - Schedule of gain or loss on fair value of loans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain or loss on loans	$ (661)	$ (213)	$ (752)	$ (4,378)
Loans Held for Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain or loss on loans	(556)	$ (213)	(975)	$ (4,378)
Loan Held for Investment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Gain or loss on loans	$ (105)		$ 223

FAIR VALUE - Summary of activit

FAIR VALUE - Summary of activity pertaining to loans under fair value option (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Loans Held for Sale
Guarantee asset
Beginning balance	$ 26,202	$ 48,563	$ 30,620	$ 161,843
Loans originated	82,372	256,284	377,631	1,082,120
Fair value changes	(556)	(213)	(975)	(4,378)
Sales	(95,053)	(252,242)	(394,261)	(1,183,876)
Settlements	(222)	(1,083)	(272)	(4,400)
Ending balance	12,743	$ 51,309	12,743	$ 51,309
Loan Held for Investment
Guarantee asset
Beginning balance	21,477
Loans acquired	7,860		32,109
Fair value changes	(105)		223
Settlements	(6,361)		(9,461)
Ending balance	$ 22,871		$ 22,871

FAIR VALUE - Summary of asset_2

FAIR VALUE - Summary of assets measured at level 3 fair value on recurring basis (Details)	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2022 USD ($) item	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($) loan	Jun. 30, 2022 USD ($)
Summary of assets measured on a recurring and nonrecurring basis
Impaired Financing Receivable, with Related Allowance, Recorded Investment				$ 2,192,000
Loans and Leases Receivable, Allowance	$ 16,081,000	$ 16,081,000		13,732,000
Other real estate owned, gross				0
Other real estate owned	187,000	187,000
Net recorded investment	$ 3,478,000	3,478,000		$ 2,564,000
Number of other real estate unit sold | item	1
Proceeds from sale of other real estate owned	$ 200,000	232,000	$ 194,000
Consumer and Other
Summary of assets measured on a recurring and nonrecurring basis
Loan Reserved For Specific Allowance | loan				1
Impaired Financing Receivable, with Related Allowance, Recorded Investment				$ 2,000
Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Other real estate owned	187,000	187,000
Level 3
Summary of assets measured on a recurring and nonrecurring basis
Impaired Financing Receivable, with Related Allowance, Recorded Investment				2,200,000
Loans and Leases Receivable, Allowance				1,800,000
Provision for loan losses		0		1,800,000
OREO carrying amount	200,000	200,000			$ 400,000
Level 3 | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Other real estate owned	$ 187,000	$ 187,000
Commercial and Industrial | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Net recorded investment				439,000
Commercial and Industrial | Level 3 | Nonrecurring
Summary of assets measured on a recurring and nonrecurring basis
Net recorded investment				$ 439,000

FAIR VALUE - Summary of asset_3

FAIR VALUE - Summary of assets measured at fair value on recurring basis (Details) - Level 3 - Recurring - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Corporate bonds
Guarantee asset
Beginning balance			$ 2,113
Acquisitions			4,000
Unrealized gains, net			102
Transfer to held-to-maturity			(6,215)
Loans Held at Fair Value
Guarantee asset
Beginning balance	$ 21,477
Acquisitions	7,867		32,599
Gains (losses) in net income, net	(134)		(289)
Settlements	(6,339)		(9,439)
Ending balance	22,871		22,871
Fair value on a recurring basis
Settlements	(6,339)		(9,439)
Forward Commitment
Guarantee asset
Beginning balance			(9)	$ (89)
Acquisitions	(11)	$ (17)	(2)	(190)
Gains (losses) in net income, net				262
Ending balance	(11)	(17)	(11)	(17)
Guarantee Asset
Guarantee asset
Beginning balance	174	196	237	232
Originations				2
Gains (losses) in net income, net	(15)	35	(78)	(3)
Ending balance	159	231	159	231
IRLC,net
Guarantee asset
Beginning balance	990	2,809	1,473	9,841
Acquisitions	170	6,617	1,253	15,123
Originations	(720)	(7,705)	(2,783)	(20,702)
Gains (losses) in net income, net	(302)	464	195	(2,077)
Ending balance	138	$ 2,185	138	$ 2,185
Equity Warrants
Guarantee asset
Beginning balance	725		160
Acquisitions	102		344
Gains (losses) in net income, net			323
Ending balance	$ 827		$ 827

FAIR VALUE - Summary of asset_4

FAIR VALUE - Summary of assets and liabilities measured at fair value on a recurring or nonrecurring, the significant unobservable inputs (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale		$ 55,562
Fair value (Held to Maturity)	$ 78,624
Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale		8,325
Fair value (Held to Maturity)	22,232
Nonrecurring | Commission and Cost to Sell | Level 3 | Commercial properties | Appraisal value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, Fair Value	$ 187
Nonrecurring | Management discount for asset/property type | Level 3 | Commercial and Industrial | Sales Comparison, Market Approach [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets, Fair Value Estimate		$ 439
Nonrecurring | Commission, Cost To Sell, Closing Costs [Member] | Level 3 | Commercial properties | Appraisal value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	9%
Nonrecurring | Minimum | Management discount for asset/property type | Level 3 | Commercial and Industrial | Sales Comparison, Market Approach [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate		17%
Nonrecurring | Maximum | Management discount for asset/property type | Level 3 | Commercial and Industrial | Sales Comparison, Market Approach [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate		45%
Nonrecurring | Weighted Average | Management discount for asset/property type | Level 3 | Commercial and Industrial | Sales Comparison, Market Approach [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate		39%
Nonrecurring | Weighted Average | Commission, Cost To Sell, Closing Costs [Member] | Level 3 | Commercial properties | Appraisal value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	9%
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale		$ 55,562
Loans held at fair value, Fair value	$ 22,871
Guarantee asset, Fair Value	159	237
Equity warrants, Fair value	827	160
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale		2,113
Loans held at fair value, Fair value	22,871
Guarantee asset, Fair Value	159	237
Equity warrants, Fair value	827	160
Recurring | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale		8,325
Recurring | Corporate bonds | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale		2,113
Recurring | Corporate bonds | Discount rate | Level 3 | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale		$ 2,113
Range and weighted average of discount rate		7%
Recurring | Corporate bonds | Weighted Average | Discount rate | Level 3 | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate		7%
Recurring | Loans Held at Fair Value | Discount rate | Level 3 | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, Fair Value	$ 22,871
Recurring | Loans Held at Fair Value | Minimum | Discount rate | Level 3 | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	4%
Recurring | Loans Held at Fair Value | Maximum | Discount rate | Level 3 | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	18%
Recurring | Loans Held at Fair Value | Weighted Average | Discount rate | Level 3 | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	9%
Recurring | Guarantee Asset | Discount rate | Level 3 | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	5%	3%
Recurring | Guarantee Asset | Prepayment rate | Level 3 | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Guarantee asset, Fair Value	$ 159	$ 237
Range and weighted average of discount rate	6%	18%
Recurring | Guarantee Asset | Weighted Average | Discount rate | Level 3 | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	5%	3%
Recurring | Guarantee Asset | Weighted Average | Prepayment rate | Level 3 | Discounted cash flow
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	6%	18%
Recurring | IRLC,net | Pull through | Level 3 | Best execution model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, Fair Value	$ 138	$ 1,473
Recurring | IRLC,net | Minimum | Pull through | Level 3 | Best execution model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	73%	71%
Recurring | IRLC,net | Maximum | Pull through | Level 3 | Best execution model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	100%	100%
Recurring | IRLC,net | Weighted Average | Pull through | Level 3 | Best execution model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	94%	88%
Recurring | IRLC,net
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, Fair Value	$ 138	$ 1,473
Recurring | IRLC,net | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, Fair Value	138	1,473
Recurring | Equity Warrants | Volatility | Level 3 | Black-Scholes option pricing model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Equity warrants, Fair value		$ 160
Recurring | Equity Warrants | Risk-free interest rate | Level 3 | Black-Scholes option pricing model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, Fair Value	$ 827
Recurring | Equity Warrants | Minimum | Volatility | Level 3 | Black-Scholes option pricing model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	31.20%	24%
Recurring | Equity Warrants | Minimum | Risk-free interest rate | Level 3 | Black-Scholes option pricing model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	1.78%	0.30%
Recurring | Equity Warrants | Minimum | Remaining life | Level 3 | Black-Scholes option pricing model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range term	0 years	0 years
Recurring | Equity Warrants | Maximum | Volatility | Level 3 | Black-Scholes option pricing model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	32.40%	37%
Recurring | Equity Warrants | Maximum | Risk-free interest rate | Level 3 | Black-Scholes option pricing model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	4.14%	1.10%
Recurring | Equity Warrants | Maximum | Remaining life | Level 3 | Black-Scholes option pricing model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range term	4 years	4 years
Recurring | Equity Warrants | Weighted Average | Volatility | Level 3 | Black-Scholes option pricing model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	31.40%	32%
Recurring | Equity Warrants | Weighted Average | Risk-free interest rate | Level 3 | Black-Scholes option pricing model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Range and weighted average of discount rate	3.68%	0.97%
Recurring | Forward Commitment
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, Fair Value	$ 1,128	$ (74)
Recurring | Forward Commitment | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, Fair Value	(11)	(9)
Recurring | Forward Commitment | Market Differential | Level 3 | Internal Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets, Fair Value	$ (11)	$ (9)
Recurring | Forward Commitment | Minimum | Market Differential | Level 3 | Internal Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	56	14
Recurring | Forward Commitment | Maximum | Market Differential | Level 3 | Internal Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	67	2
Recurring | Forward Commitment | Weighted Average | Market Differential | Level 3 | Internal Pricing Model
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative assets	62	6

FAIR VALUE - Summary of carryin

FAIR VALUE - Summary of carrying amounts and estimated fair values for financial instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Assets
Cash and cash equivalents	$ 165,248	$ 386,983	$ 310,235	$ 155,989
Loans, net	2,335,241	1,935,405
Accrued interest receivable	8,451	7,151
Liabilities
Deposits	2,167,447	2,205,703
FHLB borrowings - fixed rate	273,225	38,629
Subordinated notes	32,584	39,031
Accrued interest payable	664	355
Carrying Amount
Assets
Cash and cash equivalents	165,248	386,983
Held-to-maturity securities	84,257
Loans, net	2,335,241	1,935,405
Accrued interest receivable	8,451	7,151
Liabilities
Deposits	2,167,447	2,205,703
FHLB borrowings - fixed rate	267,432	15,000
Federal Reserve Borrowings - fixed rate	5,793	23,629
Accrued interest payable	664	355
Subordinated notes - fixed-to-floating rate | Carrying Amount
Liabilities
Subordinated notes	32,584	39,031
Level 1 | Estimated Fair Value
Assets
Cash and cash equivalents	165,248	386,983
Held-to-maturity securities	232
Accrued interest receivable	3	2
Liabilities
Deposits	1,980,757	2,035,212
Accrued interest payable		9
Level 2 | Estimated Fair Value
Assets
Held-to-maturity securities	69,927
Accrued interest receivable	440	203
Liabilities
FHLB borrowings - fixed rate	267,211	14,990
Federal Reserve Borrowings - fixed rate	5,793	23,629
Accrued interest payable	404	77
Level 3 | Estimated Fair Value
Assets
Held-to-maturity securities	8,465
Loans, net	2,315,505	1,919,625
Accrued interest receivable	8,008	6,946
Liabilities
Deposits	189,552	172,240
Accrued interest payable	260	269
Level 3 | Subordinated notes - fixed-to-floating rate | Estimated Fair Value
Liabilities
Subordinated notes	$ 35,030	$ 40,325

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	Dec. 31, 2020
Income Statement
Total interest income	$ 26,530	$ 16,146	$ 67,826	$ 46,193
Total interest expense	3,733	1,300	6,607	4,071
Provision for loan losses	1,756	406	2,485	418
Net interest income, after provision for loan losses	21,041	14,440	58,734	41,704
Non-interest income	6,454	10,492	21,994	30,594
Total income before non-interest expense	27,495	24,932	80,728	72,298
Depreciation and amortization expense	502	285	1,596	832
Net (gain)/loss on assets held for sale	(1)		(4)
All other non-interest expense	18,758	16,181	57,605	46,773
Income before income taxes	8,235	8,466	21,527	24,693
Segment reporting
Goodwill	30,400	24,191	30,400	24,191	$ 30,588	$ 24,191
Assets held for sale					115
Total assets	2,728,699	2,076,272	2,728,699	2,076,272	$ 2,527,489
Wealth Management
Income Statement
Total interest income	26,530	16,146	67,826	46,193
Total interest expense	3,733	1,300	6,607	4,071
Provision for loan losses	1,756	406	2,485	418
Net interest income, after provision for loan losses	21,041	14,440	58,734	41,704
Non-interest income	5,514	5,995	17,259	16,973
Total income before non-interest expense	26,555	20,435	75,993	58,677
Depreciation and amortization expense	492	272	1,562	792
All other non-interest expense	17,029	13,964	51,460	38,786
Income before income taxes	9,034	6,199	22,971	19,099
Segment reporting
Goodwill	30,400	24,191	30,400	24,191
Total assets	2,713,603	2,020,896	2,713,603	2,020,896
Mortgage
Income Statement
Non-interest income	940	4,497	4,735	13,621
Total income before non-interest expense	940	4,497	4,735	13,621
Depreciation and amortization expense	10	13	34	40
All other non-interest expense	1,729	2,217	6,145	7,987
Income before income taxes	(799)	2,267	(1,444)	5,594
Segment reporting
Total assets	$ 15,096	$ 55,376	$ 15,096	$ 55,376

LOW-INCOME HOUSING TAX CREDIT_2

LOW-INCOME HOUSING TAX CREDIT INVESTMENT (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Schedule of Investments [Line Items]
Unfunded commitments	$ 0		$ 0		$ 0.2
Tax credits and other benefits	0.1	$ 0.1	0.3	$ 0.3
Impairment losses	0	0	0	0
Other Assets [Member]
Schedule of Investments [Line Items]
Investment balance	2.5		2.5		$ 2.6
Income Tax Expense (Benefit).
Schedule of Investments [Line Items]
Amortization expense	$ 0.1	$ 0.1	$ 0.3	$ 0.3

REGULATORY CAPITAL MATTERS (Det

REGULATORY CAPITAL MATTERS (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($) item	Dec. 31, 2021 USD ($)
REGULATORY CAPITAL MATTERS
Capital injection		$ 2,900
Capital conservation buffer	2.50%
Common Equity Tier 1 capital ratio including capital conservation buffer (as a percent)	7%
Number of conditions or events to be performed | item	0
Common Equity Tier 1 (CET 1) to risk-weighted assets
Actual Amount	$ 206,223	$ 188,777
Actual Ratio (as a percent)	9.54%	10.54%
Tier 1 capital to risk-weighted assets
Actual Amount	$ 206,223	$ 188,777
Actual Ratio (as a percent)	0.0954	0.1054
Required for Capital Adequacy Purposes Amount (as a percent)	0.085
Total capital to risk-weighted assets
Actual Amount	$ 255,806	$ 242,388
Actual Ratio (as a percent)	0.1184	0.1354
Required for Capital Adequacy Purposes Ratio (as a percent)	0.105
Tier 1 capital to average assets
Actual Amount	$ 206,223	$ 188,777
Actual Ratio (as a percent)	0.0818	0.0931
Bank
Common Equity Tier 1 (CET 1) to risk-weighted assets
Actual Amount	$ 222,270	$ 203,164
Actual Ratio (as a percent)	10.32%	11.40%
Required for Capital Adequacy Purposes Amount	$ 96,883	$ 80,209
Required for Capital Adequacy Purposes Ratio (as a percent)	4.50%	4.50%
To be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 139,942	$ 115,858
To be Well Capitalized Under Prompt Corrective Action Regulations Ratio (as a percent)	6.50%	6.50%
Tier 1 capital to risk-weighted assets
Actual Amount	$ 222,270	$ 203,164
Actual Ratio (as a percent)	0.1032	0.1140
Required for Capital Adequacy Purposes Amount	$ 129,177	$ 106,945
Required for Capital Adequacy Purposes Amount (as a percent)	0.060	0.060
To be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 172,236	$ 142,594
To be Well Capitalized Under Prompt Corrective Action Regulations Ratio (as a percent)	0.080	0.080
Total capital to risk-weighted assets
Actual Amount	$ 238,853	$ 217,215
Actual Ratio (as a percent)	0.1109	0.1219
Required for Capital Adequacy Purposes Amount	$ 172,236	$ 142,594
Required for Capital Adequacy Purposes Ratio (as a percent)	0.080	0.080
To be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 215,295	$ 178,242
To be Well Capitalized Under Prompt Corrective Action Regulations Ratio (as a percent)	0.100	0.100
Tier 1 capital to average assets
Actual Amount	$ 222,270	$ 203,164
Actual Ratio (as a percent)	0.0884	0.1005
Required for Capital Adequacy Purposes Amount	$ 100,623	$ 80,887
Required for Capital Adequacy Purposes Ratio (as a percent)	0.040	0.040
To be Well Capitalized Under Prompt Corrective Action Regulations Amount	$ 125,778	$ 101,108
Tier One Leverage Capital Required to be Well Capitalized to Average Assets	0.050	0.050