Bridgewater Bancshares (BWB) 10-Q 10 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 08, 2018
Entity Registrant Name	Bridgewater Bancshares Inc
Entity Central Index Key	1,341,317
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	No
Entity Filer Category	Non-accelerated Filer
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Voting Common Stock
Entity Common Stock, Shares Outstanding		27,235,832
Nonvoting Common Stock
Entity Common Stock, Shares Outstanding		2,832,542

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ASSETS
Cash and Cash Equivalents	$ 20,125	$ 23,725
Bank-owned Certificates of Deposits	3,803	3,072
Securities Available for Sale, at Fair Value	236,819	229,491
Loans, Net of Allowance for Loan Losses of $17,121 at March 31, 2018 and $16,502 at December 31, 2017	1,384,169	1,326,507
Federal Home Loan Bank (FHLB) Stock, at Cost	5,214	5,147
Premises and Equipment, Net	10,151	10,115
Foreclosed Assets	288	581
Accrued Interest	5,753	5,342
Goodwill	2,626	2,626
Other Intangible Assets, Net	1,195	1,243
Other Assets	11,454	8,763
Total Assets	1,681,597	1,616,612
Deposits:
Noninterest Bearing	315,036	292,539
Interest Bearing	1,038,000	1,046,811
Total Deposits	1,353,036	1,339,350
Federal Funds Purchased	9,000	23,000
Notes Payable	16,500	17,000
FHLB Advances	73,000	68,000
Subordinated Debentures, Net of Issuance Costs	24,552	24,527
Accrued Interest Payable	1,085	1,408
Other Liabilities	5,385	6,165
Total Liabilities	1,482,558	1,479,450
SHAREHOLDERS' EQUITY
Preferred Stock- $0.01 par value Authorized 10,000,000; None Issued and Outstanding at March 31, 2018 (unaudited) and December 31, 2017
Additional Paid-In Capital	125,326	66,324
Retained Earnings	75,264	69,508
Accumulated Other Comprehensive Income (Loss)	(1,851)	1,084
Total Shareholders' Equity	199,039	137,162
Total Liabilities and Equity	1,681,597	1,616,612
Voting Common Stock
SHAREHOLDERS' EQUITY
Common Stock- $0.01 par value	272	208
Nonvoting Common Stock
SHAREHOLDERS' EQUITY
Common Stock- $0.01 par value	$ 28	$ 38

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Allowance of loan loss	$ 17,121	$ 16,502
Preferred shares, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Voting Common Stock
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	27,235,832	20,834,001
Common stock, shares outstanding (in shares)	27,235,832	20,834,001
Nonvoting Common Stock
Common stock, shares authorized (in shares)	10,000,000	10,000,000
Common stock, shares issued (in shares)	2,823,542	3,845,860
Common stock, shares outstanding (in shares)	2,823,542	3,845,860

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
INTEREST INCOME
Loans, Including Fees	$ 17,048	$ 13,192
Investment Securities	1,567	1,359
Other	95	61
Total Interest Income	18,710	14,612
INTEREST EXPENSE
Deposits	3,009	2,018
Notes Payable	152	167
FHLB Advances	299	187
Subordinated Debentures	369
Federal Funds Purchased	118	49
Total Interest Expense	3,947	2,421
NET INTEREST INCOME	14,763	12,191
Provision for Loan Losses	600	950
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	14,163	11,241
NONINTEREST INCOME
Customer Service Fees	170	152
Net Gain on Sales of Available for Sale Securities		31
Net Gain on Sales of Foreclosed Assets	4	39
Other Income	213	258
Total Noninterest Income	387	480
NONINTEREST EXPENSE
Salaries and Employee Benefits	4,318	3,168
Occupancy and Equipment	574	549
Other Expense	1,640	1,537
Total Noninterest Expense	6,532	5,254
INCOME BEFORE INCOME TAXES	8,018	6,467
Provision for Income Taxes	2,068	2,384
NET INCOME	$ 5,950	$ 4,083
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.23	$ 0.17
Diluted (in dollars per share)	$ 0.23	$ 0.16

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Consolidated Statements of Comprehensive Income
Net Income	$ 5,950	$ 4,083
Other Comprehensive Income (Loss):
Unrealized Gains (Losses) on Available for Sale Securities	(4,147)	1,890
Unrealized Gain on Cash Flow Hedge	119	49
Reclassification Adjustment for Gains Realized in Income		(31)
Income Tax Impact	899	(668)
Total Other Comprehensive Income (Loss), Net of Tax	(3,129)	1,240
Comprehensive Income	$ 2,821	$ 5,323

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($)	Common StockVoting Common Stock	Common StockNonvoting Common Stock	Additional Paid In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at the beginning at Dec. 31, 2016	$ 207,000	$ 38,000	$ 65,777,000	$ 52,619,000	$ (3,275,000)	$ 115,366,000
Balance at the beginning (in shares) at Dec. 31, 2016	20,744,001	3,845,860
Stock-based Compensation			53,000			53,000
Comprehensive Income (Loss)				4,083,000	1,240,000	5,323,000
Balance at the end at Mar. 31, 2017	$ 207,000	$ 38,000	65,830,000	56,702,000	(2,035,000)	120,742,000
Balance at the end (in shares) at Mar. 31, 2017	20,744,001	3,845,860
Balance at the beginning at Dec. 31, 2017	$ 208,000	$ 38,000	66,324,000	69,508,000	1,084,000	137,162,000
Balance at the beginning (in shares) at Dec. 31, 2017	20,834,001	3,845,860
Stock-based Compensation			199,000			199,000
Comprehensive Income (Loss)				5,950,000	(3,129,000)	2,821,000
Issuance of Common Stock, Net of Issuance Costs	$ 54,000		58,803,000			58,857,000
Issuance of Common Stock, Net of Issuance Costs (in shares)	5,379,513
Conversion of Non-voting Stock to Voting Stock	$ 10,000	$ (10,000)
Conversion of Non-voting Stock to Voting Stock (in shares)	1,022,318	(1,022,318)
Reclassification of the Income Tax Effects of the Tax Cuts and Jobs Act to Retained Earnings				(194,000)	194,000
Balance at the end at Mar. 31, 2018	$ 272,000	$ 28,000	$ 125,326,000	$ 75,264,000	$ (1,851,000)	$ 199,039,000
Balance at the end (in shares) at Mar. 31, 2018	27,235,832	2,823,542

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 5,950	$ 4,083
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net Amortization on Securities Available for Sale	699	738
Net Gain on Sales of Securities Available for Sale		(31)
Provision for Loan Losses	600	950
Depreciation and Amortization of Premises and Equipment	184	175
Amortization of Other Intangible Assets	48	48
Amortization of Subordinated Debt Issuance Costs	25
Net Gain on Sale of Foreclosed Assets	(4)	(39)
Stock-based Compensation	199	53
Changes in Operating Assets and Liabilities:
Accrued Interest Receivable and Other Assets	(2,084)	732
Accrued Interest Payable and Other Liabilities	(1,103)	1,755
Net Cash Provided by Operating Activities	4,514	8,464
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in Bank-owned Certificates of Deposit	(731)	(831)
Proceeds from Sales of Securities Available for Sale		565
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale	5,345	6,907
Purchases of Securities Available for Sale	(17,519)	(18,932)
Net Increase in Loans	(58,262)	(84,540)
Net (Increase) Decrease in FHLB Stock	(67)	843
Purchases of Premises and Equipment	(220)	(714)
Proceeds from Sales of Foreclosed Assets	297	1,414
Net Cash Used in Investing Activities	(71,157)	(95,288)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in Deposits	13,686	118,329
Net Decrease in Federal Funds Purchased	(14,000)	(31,000)
Principal Payments on Notes Payable	(500)	(500)
Proceeds from FHLB Advances	5,000
Issuance of Common Stock	58,857
Net Cash Provided by Financing Activities	63,043	86,829
NET CHANGE IN CASH AND CASH EQUIVALENTS	(3,600)	5
Cash and Cash Equivalents Beginning	23,725	16,499
Cash and Cash Equivalents Ending	20,125	16,504
SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash Paid for Interest	3,828	2,413
Cash Paid for Income Taxes	$ 2,150
Loans Transferred to Foreclosed Assets		$ 689

Description of the Business and

Description of the Business and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2018
Description of the Business and Summary of Significant Accounting Policies
Description of the Business and Summary of Significant Accounting Policies	Note 1: Description of the Business and Summary of Significant Accounting Policies Organization Bridgewater Bancshares, Inc. (the “Company”) is a financial holding company whose operations are the ownership of its wholly-owned subsidiaries, Bridgewater Bank (the “Bank”) and Bridgewater Risk Management, Inc. The Bank commenced operations in 2005 and provides retail and commercial loan and deposit services, principally to customers within the Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area. In 2008, the Bank formed BWB Holdings, LLC, a wholly owned subsidiary of the Bank, for the purpose of holding repossessed property. Bridgewater Risk Management was incorporated on December 28, 2016, as a wholly-owned insurance company subsidiary of the Company. It insures the Company and its subsidiaries against certain risks unique to the operations of the Company and for which insurance may not be currently available or economically feasible in today’s insurance marketplace. Bridgewater Risk Management pools resources with several other insurance company subsidiaries of financial institutions to spread a limited amount of risk among themselves. Initial Public Offering On March 16, 2018, the Company completed an initial public offering (“IPO”) and received net proceeds, after deducting underwriting discounts and offering expenses, of $58.9 million for the shares of common stock sold by the Company in the offering. Basis of Presentation The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10‑Q and, therefore, do not include all disclosures necessary for a complete presentation of the consolidated balance sheets, consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of shareholders’ equity and consolidated statements of cash flows in conformity with U.S. generally accepted accounting principles (GAAP). However, all normal recurring adjustments which are, in the opinion of management, necessary for the fair presentation of the interim financial statements have been included. The results of operations for the three-month period ended March 31, 2018 are not necessarily indicative of the results which may be expected for the entire year. For further information, refer to the consolidated financial statements and footnotes included in the Company’s prospectus filed with the Securities and Exchange Commission (“SEC”) on March 14, 2018, pursuant to Rule 424(b)(4) under the Securities Act of 1933. Principles of Consolidation These consolidated financial statements include the amounts of the Company, the Bank and Bridgewater Risk Management. All significant intercompany balances and transactions have been eliminated in consolidation. Emerging Growth Company The Company qualifies as an “emerging growth company” under the Jumpstart Our Business Startups Act (the “JOBS Act”). Section 107 of the JOBS Act provides that an emerging growth company can take advantage of the extended transition period provided in Section 7(a)(2)(B) of the Securities Act of 1933 for complying with new or revised accounting standards. As an emerging growth company, the Company can delay the adoption of certain accounting standards until those standards would otherwise apply to private companies. The Company elected to take advantage of the benefits of this extended transition period. Impact of Recently Adopted Accounting Standards In February 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018‑02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . The amendments of this ASU allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The Company elected to adopt ASU 2018-02 and, as a result, reclassified $194,000 from accumulated other comprehensive income to retained earnings as of January 1, 2018. The reclassification impacted the Consolidated Balance Sheet and the Consolidated Statement of Changes in Shareholders’ Equity as of and for the three months ended March 31, 2018. Impact of Recently Issued Accounting Standards The following ASUs have been issued by FASB and may impact the Company’s consolidated financial statements in future reporting periods. In May 2014, the FASB issued ASU 2014‑09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014‑09”). ASU 2014‑09 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014‑09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2015‑14, Revenue from Contracts with Customers (Topic 606) (“ASU 2015‑14”) was issued in August 2015 which defers adoption to annual reporting periods beginning after December 15, 2018 and interim reporting periods beginning after December 15, 2019. The timing of the Company’s revenue recognition is not expected to materially change. The Company’s largest portions of revenue, interest and fees on loans and gain on sales of loans, are specifically excluded from the scope of the guidance, and the Company currently recognizes the majority of the remaining revenue sources in a manner that management believes is consistent with the new guidance. Because of this, management believes that revenue recognized under the new guidance will generally approximate revenue recognized under current GAAP. These observations are subject to change as the evaluation is completed. In January 2016, the FASB issued ASU 2016‑01, Financial Instruments—Overall (Subtopic 825‑10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016‑01”). This guidance changes how entities account for equity investments that do not result in consolidation and are not accounted for under the equity method of accounting. Entities will be required to measure these investments at fair value at the end of each reporting period and recognize changes in fair value in net income. A practicability exception will be available for equity investments that do not have readily determinable fair values; however, the exception requires the Company to adjust the carrying amount for impairment and observable price changes in orderly transactions for the identical or a similar investment of the same issuer. This guidance also changes certain disclosure requirements and other aspects of current GAAP. This guidance is effective for fiscal years beginning after December 15, 2018 and for interim reporting periods beginning after December 15, 2019. Early adoption is permitted for only one of the six amendments. The Company is evaluating the impact this new standard will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016‑02, Leases (Topic 842) (“ASU 2016‑02”). The new guidance establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. Entities will be required to recognize the lease assets and lease liabilities that arise from leases in the statement of financial position and to disclose qualitative and quantitative information about lease transactions, such as information about variable lease payments and options to renew and terminate leases. This guidance is effective for fiscal years beginning after December 15, 2019 and interim reporting periods beginning after December 15, 2020. The Company is currently evaluating the impact of the adoption of ASU 2016‑02 to determine the potential impact it will have on its consolidated financial statements. The Company’s assets and liabilities will increase based on the present value of the remaining lease payments for leases in place at the adoption date; however, this is not expected to be material to the Company’s results of operations. The Company is evaluating the impact this new standard will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016‑05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships (“ASU 2016‑05”). The new guidance clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument under Topic 815 does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. This guidance is effective for fiscal years beginning after December 15, 2017 and interim reporting periods beginning after December 15, 2018. The adoption of this guidance is not expected to have a significant impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU 2016‑09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016‑09”). The new guidance simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Entities will be required to recognize the income tax effects of awards in the income statement when the awards vest or are settled. This guidance is effective for fiscal years beginning after December 15, 2017 and interim reporting periods beginning after December 31, 2018. The adoption of this ASU is not expected to have a significant impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016‑13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The amendments in this ASU affect all entities that measure credit losses on financial instruments including loans, debt securities, trade receivables, net investments in leases, off-balance sheet credit exposures, reinsurance receivables, and any other financial asset that has a contractual right to receive cash that is not specifically excluded. The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this ASU replace the incurred loss impairment methodology required in current GAAP with a methodology that reflects expected credit losses that requires consideration of a broader range of reasonable and supportable information to estimate credit losses. The amendments in this ASU will affect entities to varying degrees depending on the credit quality of the assets held by the entity, the duration of the assets held, and how the entity applies the current incurred loss methodology. The amendments in this ASU are effective for fiscal years beginning after December 15, 2020 and interim reporting periods beginning after December 15, 2021. All entities may adopt the amendments in the ASU early as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Amendments should be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. The Company is evaluating the impact this new standard will have on its consolidated financial statements. In January 2017, the FASB issued ASU 2017‑03, Accounting Changes and Error Corrections (Topic 250) and Investments – Equity Method and Joint Ventures (Topic 323). The amendments in the ASU add and amend SEC paragraphs pursuant to the SEC staff announcement at the September 22, 2016 and November 17, 2016, Emerging Issues Task Force (EITF) meetings. The September announcement is about the disclosure of the impact that recently issued accounting standards will have on the financial statements of a registrant when such standards are adopted in a future period. The announcement applies to ASU 2014‑09, Revenue from Contracts with Customers (Topic 606) ; ASU 2016‑02, Leases (Topic 842) ; and ASU 2016‑13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and to any subsequent amendments to these ASUs that are issued prior to their adoption. The November announcement made amendments to conform the SEC Observer comment on accounting for tax benefits resulting from investments in qualified affordable housing projects to the guidance issued in Accounting Standards Update No. 2014‑01, Investments-Equity Method and Joint Ventures (Topic 323); Accounting for Investments in Qualified Affordable Housing Projects. This ASU is intended to improve transparency and is effective upon issuance. The adoption of this ASU is not anticipated to have a material impact on the Company’s consolidated financial statements other than to enhance the disclosures on the effects of new accounting pronouncements as they move closer to adoption in future periods. In January 2017, the FASB issued ASU 2017‑04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The amendments in this ASU were issued to address concerns over the cost and complexity of the two-step goodwill impairment test and resulted in the removal of the second step of the test. The amendments require an entity to apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. This ASU is intended to reduce the cost and complexity of the two-step goodwill impairment test and is effective for annual and interim goodwill impairment tests in fiscal years beginning after December 15, 2021, with early adoption permitted for testing performed after January 1, 2017. Upon adoption, the amendments should be applied on a prospective basis and the entity is required to disclose the nature of and reason for the change in accounting principle upon transition. The adoption of this guidance is not expected to have a significant impact on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU 2017‑08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310‑20): Premium Amortization on Purchased Callable Debt Securities. The amendments in this ASU shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount as discounts continue to be accreted to maturity. This ASU is intended to more closely align the amortization period of premiums and discounts to expectations incorporated in market pricing on the underlying securities. In most cases, market participants price securities to the call date that produces the worst yield when the coupon is above current market rates and prices securities to maturity when the coupon is below market rates. As a result, the amendments more closely align interest income recorded on bonds held at a premium or a discount with the economics of the underlying instrument. This ASU is intended to reduce diversity in practice and is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. Upon adoption, the amendments should be applied using a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosures about a change in accounting principles. The adoption of this guidance is not expected to have a significant impact on the Company’s consolidated financial statements. In May 2017, the FASB issued ASU 2017‑09, C ompensation- Stock Compensation (Topic 718). The amendments in this ASU provide clarity about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The ASU is effective for all entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years with early adoption permitted. The Company is evaluating the impact this new standard will have on its consolidated financial statements. In August 2017, the FASB issued ASU 2017‑12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The amendments of this ASU better align an entity’s accounting and financial reporting for hedging activities with the economic objectives of those activities. The ASU is effective for fiscal years beginning after December 15, 2019 and interim reporting periods beginning after December 15, 2020, with early adoption permitted. The Company is evaluating the impact this new standard with have on its consolidated financial statements.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2018
Earnings Per Share
Earnings Per Share	Note 2: Earnings Per Share Basic earnings per common share are computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted earnings per common share are calculated by dividing net income by the weighted average number of shares adjusted for the dilutive effect of stock options. The dilutive effect was computed using the treasury stock method, which assumes the stock options were exercised and the hypothetical proceeds from the exercise were used by the Company to purchase common stock at the average market price during the period. The following table presents the numerators and denominators for basic and diluted earnings per share computations for the three months ended March 31, 2018 and 2017: March 31, March 31, 2018 2017 Net Income Available to Common Shareholders $ 5,950 $ 4,083 Weighted Average Common Stock Outstanding: Weighted Average Common Stock Outstanding (Basic) 25,755,764 24,589,861 Stock Options 415,669 208,892 Weighted Average Common Stock Outstanding (Dilutive) 26,171,433 24,798,753 Basic Earnings per Common Share $ 0.23 $ 0.17 Diluted Earnings per Common Share 0.23 0.16

Securities

Securities	3 Months Ended
	Mar. 31, 2018
Securities
Securities	Note 3: Securities The following tables present the amortized cost and estimated fair value of securities with gross unrealized gains and losses at March 31, 2018 and December 31, 2017: March 31, 2018 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Securities Available for Sale: Municipal Bonds $ 120,457 $ 1,185 $ (1,705) $ 119,937 Mortgage-Backed Securities 63,073 27 (2,074) 61,026 Corporate Securities 7,019 74 (19) 7,074 SBA Securities 49,076 172 (466) 48,782 Total Securities Available for Sale $ 239,625 $ 1,458 $ (4,264) $ 236,819 December 31, 2017 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Securities Available for Sale: Municipal Bonds $ 115,784 $ 3,005 $ (469) $ 118,320 Mortgage-Backed Securities 61,945 11 (1,275) 60,681 Corporate Securities 5,052 80 (25) 5,107 SBA Securities 45,368 242 (227) 45,383 Total Securities Available for Sale $ 228,149 $ 3,338 $ (1,996) $ 229,491 The following table shows the fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position: Less Than 12 Months 12 Months or Greater Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses March 31, 2018 Municipal Bonds $ 47,304 $ (884) $ 20,596 $ (821) $ 67,900 $ (1,705) Mortgage-Backed Securities 20,005 (395) 38,635 (1,679) 58,640 (2,074) Corporate Securities 968 — 2,031 (19) 2,999 (19) SBA Securities 25,419 (405) 3,717 (61) 29,136 (466) Total Securities Available for Sale $ 93,696 $ (1,684) $ 64,979 $ (2,580) $ 158,675 $ (4,264) Less Than 12 Months 12 Months or Greater Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2017 Municipal Bonds $ 15,043 $ (89) $ 21,111 $ (380) $ 36,154 $ (469) Mortgage-Backed Securities 16,046 (105) 41,800 (1,170) 57,846 (1,275) Corporate Securities — — 2,028 (25) 2,028 (25) SBA Securities 15,634 (189) 3,775 (38) 19,409 (227) Total Securities Available for Sale $ 46,723 $ (383) $ 68,714 $ (1,613) $ 115,437 $ (1,996) At March 31, 2018, 199 debt securities had unrealized losses with aggregate depreciation of approximately 2% from the Company’s amortized cost basis. At December 31, 2017, 133 debt securities had unrealized losses with aggregate depreciation of approximately 1% from the Company’s amortized cost basis. These unrealized losses relate principally to changes in interest rates and are not due to changes in the financial condition of the issuer, the quality of any underlying assets, or applicable credit enhancements. In analyzing whether unrealized losses on debt securities are other than temporary, management considers whether the securities are issued by a government body or agency, whether a rating agency has downgraded the securities, industry analysts’ reports, the financial condition and performance of the issuer, and the quality of any underlying assets or credit enhancements. Since management has the ability and intent to hold debt securities for the foreseeable future, no declines were deemed to be other than temporary as of March 31, 2018. The following is a summary of amortized cost and estimated fair value of debt securities by the lesser of expected call date or contractual maturity as of March 31, 2018. Call date is used when a call of the debt security is expected, determined by the Company when the security has a market value above its amortized cost. Contractual maturities will differ from expected maturities for mortgage-backed and SBA securities because borrowers may have the right to call or prepay obligations without penalties. March 31, 2018 Amortized Cost Fair Value Due in One Year or Less $ 2,030 $ 2,033 Due After One Year Through Five Years 14,388 14,515 Due After Five Years Through 10 Years 50,242 50,399 Due After 10 Years 60,816 60,064 Subtotal 127,476 127,011 Mortgage-Backed Securities 63,073 61,026 SBA Securities 49,076 48,782 Totals $ 239,625 $ 236,819 As of March 31, 2018, the amortized cost and fair value of securities pledged to secure public deposits and for other purposes required or permitted by law were $64,413 and $64,288, respectively. As of December 31, 2017, the amortized cost and fair value of securities pledged to secure public deposits and for other purposes required or permitted by law were $79,400 and $81,639, respectively. The following is a summary of the proceeds from sales of securities available for sale, as well as gross gains and losses, for the three months ended March 31, 2018 and 2017: Three Months Ended March 31, 2018 2017 Proceeds From Sales of Securities $ — $ 565 Gross Gains on Sales — 31 Gross Losses on Sales — —

Loans

Loans	3 Months Ended
	Mar. 31, 2018
Loans
Loans	Note 4: Loans The following table presents the components of loans at March 31, 2018 and December 31, 2017: March 31, December 31, 2018 2017 Commercial $ 199,262 $ 217,753 Construction and Land Development 147,842 130,586 Real Estate Mortgage: 1-4 Family Mortgage 200,573 195,707 Multifamily 332,770 317,872 CRE Owner Occupied 67,512 65,909 CRE Non-owner Occupied 453,498 415,034 Total Real Estate Mortgage Loans 1,054,353 994,522 Consumer and Other 3,963 4,252 Total Loans, Gross 1,405,420 1,347,113 Net Deferred Loan Fees (4,130) (4,104) Allowance for Loan Losses (17,121) (16,502) Total Loans, Net $ 1,384,169 $ 1,326,507 The following table presents the activity in the allowance for loan losses, by segment, for the three months ended March 31, 2018 and 2017: Construction CRE CRE and Land 1-‑4 Family Owner Non‑owner Consumer Three Months Ended March 31, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: Beginning Balance $ 2,435 $ 1,892 $ 2,317 $ 3,170 $ 956 $ 5,087 $ 60 $ 585 $ 16,502 Provision for Loan Losses (230) (127) 91 306 (42) 320 1 281 600 Loans Charged-off — — — — — — (12) — (12) Recoveries of Loans 20 — 10 — — — 1 — 31 Total Ending Allowance Balance 2,225 1,765 2,418 3,476 914 5,407 50 866 17,121 Three Months Ended March 31, 2017 Allowance for Loan Losses: Beginning Balance $ 1,315 $ 1,379 $ 2,410 $ 1,568 $ 1,160 $ 3,323 $ 78 $ 1,100 $ 12,333 Provision for Loan Losses 122 168 (13) 485 53 411 1 (277) 950 Loans Charged-off (1) — — — — (74) (5) — (80) Recoveries of Loans 1 2 10 — — — — — 13 Total Ending Allowance Balance 1,437 1,549 2,407 2,053 1,213 3,660 74 823 13,216 The following tables present the balance in the allowance for loan losses and the recorded investment in loans by segment based on impairment method as of March 31, 2018 and December 31, 2017: Construction CRE CRE and Land 1‑4 Family Owner Non‑owner Consumer Allowance for Loan Losses at March 31, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Individually Evaluated for Impairment $ 14 $ — $ 49 $ 8 $ 23 $ — $ — $ — $ 94 Collectively Evaluated for Impairment 2,211 1,765 2,369 3,468 891 5,407 50 866 17,027 Totals $ 2,225 $ 1,765 $ 2,418 $ 3,476 $ 914 $ 5,407 $ 50 $ 866 $ 17,121 Allowance for Loan Losses at December 31, 2017 Individually Evaluated for Impairment $ 14 $ — $ 57 $ 14 $ 24 $ — $ — $ — $ 109 Collectively Evaluated for Impairment 2,421 1,892 2,260 3,156 932 5,087 60 585 16,393 Totals $ 2,435 $ 1,892 $ 2,317 $ 3,170 $ 956 $ 5,087 $ 60 $ 585 $ 16,502 Construction CRE CRE and Land 1‑4 Family Owner Non‑owner Consumer Loans at March 31, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Total Individually Evaluated for Impairment $ 14 $ 575 $ 1,920 $ 65 $ 674 $ — $ 70 $ 3,318 Collectively Evaluated for Impairment 199,248 147,267 198,653 332,705 66,838 453,498 3,893 1,402,102 Totals $ 199,262 $ 147,842 $ 200,573 $ 332,770 $ 67,512 $ 453,498 $ 3,963 $ 1,405,420 Loans at December 31, 2017 Individually Evaluated for Impairment $ 14 $ 583 $ 1,693 $ 66 $ 2,165 $ — $ 75 $ 4,596 Collectively Evaluated for Impairment 217,739 130,003 194,014 317,806 63,744 415,034 4,177 1,342,517 Totals $ 217,753 $ 130,586 $ 195,707 $ 317,872 $ 65,909 $ 415,034 $ 4,252 $ 1,347,113 The following tables present information regarding impaired loans by loan segment as of, and for the periods ended, March 31, 2018 and December 31, 2017: March 31, 2018 Recorded Principal Related Average Interest Investment Balance Allowance Investment Recognized Loans With No Related Allowance for Loan Losses: Construction and Land Development $ 575 $ 827 $ — $ 579 $ — Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 494 506 — 508 3 1st REM - 1-4 Family 122 122 — 124 — 1st REM - Rentals 1,107 1,107 — 1,113 13 CRE Owner Occupied 516 516 — 524 7 Consumer and Other 70 87 — 72 — Totals 2,884 3,165 — 2,920 23 Loans With An Allowance for Loan Losses: Commercial 14 14 14 14 — Real Estate Mortgage: LOCs and 2nd REM - Rentals 64 64 46 64 1 1st REM - Rentals 133 133 3 134 1 Multifamily 65 65 8 65 1 CRE Owner Occupied 158 158 23 159 2 Totals 434 434 94 436 5 Grand Totals $ 3,318 $ 3,599 $ 94 $ 3,356 $ 28 December 31, 2017 Recorded Principal Related Average Interest Investment Balance Allowance Investment Recognized Loans With No Related Allowance for Loan Losses: Construction and Land Development $ 583 $ 833 $ — $ 594 $ — Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 508 515 — 537 20 1st REM - 1-4 Family 125 125 — 130 — 1st REM - Rentals 726 726 — 739 34 CRE Owner Occupied 2,006 2,023 — 2,042 97 Consumer and Other 75 92 — 97 — Totals 4,023 4,314 — 4,139 151 Loans With An Allowance for Loan Losses: Commercial 14 14 14 14 — Real Estate Mortgage: LOCs and 2nd REM - Rentals 64 64 47 65 3 1st REM - Rentals 270 270 10 276 14 Multifamily 66 66 14 66 3 CRE Owner Occupied 159 159 24 161 7 Totals 573 573 109 582 27 Grand Totals $ 4,596 $ 4,887 $ 109 $ 4,721 $ 178 The Company categorizes loans into risk categories based on relevant information about the ability of 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 process of analyzing loans for changes in risk rating is ongoing through routine monitoring of the portfolio and annual internal credit reviews for credits meeting certain thresholds. The following tables present the risk category of loans by loan segment as of March 31, 2018 and December 31, 2017, based on the most recent analysis performed by management: March 31, 2018 Pass Watch Substandard Total Commercial $ 197,401 $ 1,840 $ 21 $ 199,262 Construction and Land Development 145,538 1,729 575 147,842 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 24,915 500 335 25,750 1st REM - 1-4 Family 34,287 — 133 34,420 LOCs and 2nd REM - Rentals 13,564 — 223 13,787 1st REM - Rentals 125,376 — 1,240 126,616 Multifamily 332,705 — 65 332,770 CRE Owner Occupied 59,814 5,124 2,574 67,512 CRE Non-owner Occupied 450,218 3,280 — 453,498 Consumer and Other 3,893 — 70 3,963 Totals $ 1,387,711 $ 12,473 $ 5,236 $ 1,405,420 December 31, 2017 Pass Watch Substandard Total Commercial $ 217,739 $ — $ 14 $ 217,753 Construction and Land Development 130,003 — 583 130,586 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 28,238 — 347 28,585 1st REM - 1-4 Family 33,219 — 125 33,344 LOCs and 2nd REM - Rentals 13,409 — 225 13,634 1st REM - Rentals 118,891 — 1,253 120,144 Multifamily 317,806 — 66 317,872 CRE Owner Occupied 63,290 — 2,619 65,909 CRE Non-owner Occupied 409,533 5,501 — 415,034 Consumer and Other 4,177 — 75 4,252 Totals $ 1,336,305 $ 5,501 $ 5,307 $ 1,347,113 The following tables present the aging of the recorded investment in past due loans by loan segment as of March 31, 2018 and December 31, 2017: Accruing Interest 30-89 Days 90 Days or March 31, 2018 Current Past Due More Past Due Nonaccrual Total Commercial $ 199,233 $ 14 $ — $ 15 $ 199,262 Construction and Land Development 147,267 — — 575 147,842 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 25,415 — — 335 25,750 1st REM - 1-4 Family 34,287 — — 133 34,420 LOCs and 2nd REM - Rentals 13,787 — — — 13,787 1st REM - Rentals 126,616 — — — 126,616 Multifamily 332,770 — — — 332,770 CRE Owner Occupied 67,512 — — — 67,512 CRE Non-owner Occupied 453,498 — — — 453,498 Consumer and Other 3,888 5 — 70 3,963 Totals $ 1,404,273 $ 19 $ — $ 1,128 $ 1,405,420 Accruing Interest 30-89 Days 90 Days or December 31, 2017 Current Past Due More Past Due Nonaccrual Total Commercial $ 217,734 $ 10 $ — $ 9 $ 217,753 Construction and Land Development 130,003 — — 583 130,586 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 28,238 — — 347 28,585 1st REM - 1-4 Family 33,219 — — 125 33,344 LOCs and 2nd REM - Rentals 13,474 160 — — 13,634 1st REM - Rentals 119,876 268 — — 120,144 Multifamily 317,872 — — — 317,872 CRE Owner Occupied 65,686 223 — — 65,909 CRE Non-owner Occupied 415,034 — — — 415,034 Consumer and Other 4,174 3 — 75 4,252 Totals $ 1,345,310 $ 664 $ — $ 1,139 $ 1,347,113 At March 31, 2018, there were nine loans classified as troubled debt restructurings with a current outstanding balance of $2.9 million. In comparison, at December 31, 2017, there were nine loans classified as troubled debt restructurings with an outstanding balance of $3.0 million. There were no new loans classified as troubled debt restructurings during the three month period ended March 31, 2018 and no loans classified as troubled debt restructurings during the previous twelve months that subsequently defaulted during the three months ended March 31, 2018.

Deposits

Deposits	3 Months Ended
	Mar. 31, 2018
Deposits.
Deposits	Note 5: Deposits The following table presents the composition of deposits at March 31, 2018 and December 31, 2017: March 31, December 31, 2018 2017 Transaction Deposits $ 479,935 $ 469,831 Savings and Money Market Deposits 339,541 369,942 Brokered Deposits 228,817 207,481 Time Deposits 304,743 292,096 Totals $ 1,353,036 $ 1,339,350

Subordinated Debentures

Subordinated Debentures	3 Months Ended
	Mar. 31, 2018
Subordinated Debentures
Subordinated Debentures	Note 6: Subordinated Debentures On July 12, 2017, the Company entered into a Subordinated Note Purchase Agreement with certain institutional accredited investors (the “Purchasers”) whereby the Company sold and issued $25,000 in aggregate principal amount of fixed-to-floating subordinated notes due 2027 (the “Notes”). The Notes were issued by the Company to the Purchasers at a price equal to 100% of their face amount. Issuance costs were $516 and have been netted against Subordinated Debt on the consolidated balance sheets. These costs are being amortized over five years, which represents the period from issuance to the first redemption date of July 15, 2022. Total amortization expense for the three months ended March 31, 2018 was $25, with $448 remaining to be amortized as of March 31, 2018. The Notes mature on July 15, 2027, with a fixed interest rate of 5.875% payable semiannually in arrears for five years until July 15, 2022. Thereafter, the Company will be obligated to pay interest at a rate equal to 3‑month LIBOR plus 388 basis points quarterly in arrears until either the early redemption date or the maturity date. The Notes are not convertible into or exchangeable for any other securities or assets of the Company or any of its subsidiaries. The Notes are redeemable by the Company, in whole or in part, on or after July 15, 2022, and at any time upon the occurrence of certain events. Any redemption by the Company would be at a redemption price equal to 100% of the outstanding principal amount of the Notes being redeemed, including any accrued and unpaid interest thereon.

Commitments, Contingencies and

Commitments, Contingencies and Credit Risk	3 Months Ended
	Mar. 31, 2018
Commitments, Contingencies and Credit Risk
Commitments, Contingencies and Credit Risk	Note 7: Commitments, Contingencies and Credit Risk Financial Instruments with Off-Balance Sheet Credit Risk The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual, or notional, amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. Since some of the commitments are expected to expire without being drawn upon and some of the commitments may not be drawn upon to the total extent of the commitment, the notional amount of these commitments does not necessarily represent future cash requirements. The following commitments were outstanding at March 31, 2018 and December 31, 2017: March 31, December 31, 2018 2017 Unfunded Commitments Under Lines of Credit $ 344,424 $ 309,513 Letters of Credit 69,082 64,546 Totals $ 413,506 $ 374,059 Legal Contingencies Neither the Company nor any of its subsidiaries is a party, and no property of these entities is subject, to any material pending legal proceedings, other than ordinary routine litigation incidental to the Bank’s business. The Company does not know of any proceeding contemplated by a governmental authority against the Company or any of its subsidiaries.

Stock Options

Stock Options	3 Months Ended
	Mar. 31, 2018
Stock Options
Stock Options	Note 8: Stock Options In 2017, the Company approved the Bridgewater Bancshares, Inc. 2017 Combined Incentive and Non-Statutory Stock Option Plan (the “2017 Plan”). Under the 2017 Plan, the Company may grant options to its directors, officers, and employees for up to 1,500,000 shares of common stock. Both incentive stock options and nonqualified stock options may be granted under the Plan. The exercise price of each option equals the estimated market value of the Company’s stock on the date of grant and an option’s maximum term is ten years and a vesting period of five years. As of March 31, 2018, there were 659,000 of unissued shares of the Company’s common stock authorized for option grants under the 2017 Plan. Subsequent to March 31, 2018, the Company granted 25,000 stock options. The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatilities are based on an industry index as described below. The expected term of options granted is based on historical data and represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. Historically, the Company has not paid a dividend on its common share and does not expect to do so in the near future. The Company used the S&P 600 CM Bank Index as its historical volatility index. The S&P 600 CM Bank Index is an index of publicly traded small capitalization, regional, commercial banks located throughout the United States. There were 36 banks in the index ranging in market capitalization from $395 million up to $3.5 billion. March 31, 2018 Dividend Yield — % Expected Life 10 Years Expected Volatility 21.86 % Risk-Free Interest Rate 2.72 % The following table presents a summary of the status of the Company’s stock option plans for the three months ended March 31, 2018: March 31, 2018 Weighted Average Shares Exercise Price Outstanding at Beginning of Year 1,721,000 $ 5.68 Granted 5,000 7.78 Exercised — — Forfeitures — — Outstanding at Period End 1,726,000 $ 5.68 Options Exercisable at Period End 533,000 $ 2.88 Weighted-Average Value of Options Granted During the Period 5,000 $ 2.91 The Company recognized $199 and $53 in compensation expense for stock options for the three months ended March 31, 2018 and 2017, respectively. The following table presents information pertaining to options outstanding at March 31, 2018: Options Outstanding Options Exercisable Number Remaining Number Exercise Price Outstanding Contractual Life Exercise Price Outstanding $ 1.65 15,000 3.6 Years $ 1.65 15,000 2.13 90,000 5.0 Years 2.13 72,000 3.00 520,000 5.8 Years 3.00 416,000 3.58 50,000 6.8 Years 3.58 30,000 7.47 1,046,000 9.5 Years 7.47 — 7.78 5,000 9.8 Years 7.78 — Totals 1,726,000 8.0 Years $ 5.68 $ 533,000 As of March 31, 2018, there was $2,801 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plan and is expected to be recognized over a period of five years. The following is an analysis of nonvested options to purchase shares of the Company’s stock issued and outstanding for the three months ended March 31, 2018: Weighted Number of Average Grant Shares Date Fair Value Nonvested Options at December 31, 2017 1,302,000 $ 2.55 Granted 5,000 2.91 Vested (114,000) 1.57 Forfeited — — Nonvested Options at March 31, 2018 1,193,000 $ 2.65

Regulatory Capital

Regulatory Capital	3 Months Ended
	Mar. 31, 2018
Regulatory Capital
Regulatory Capital	Note 9: Regulatory Capital Effective January 1, 2015, the capital requirements of the Company and the Bank were changed to implement the regulatory requirements of the Basel III capital reforms. The Basel III requirements, among other things, (i) apply a strengthened set of capital requirements to the Company and Bank, including requirements related to common equity as a component of core capital, (ii) implement a “capital conservation buffer” against risk and higher minimum tier capital requirement, and (iii) revise the rules for calculating risk-weighted assets for purposes of such requirements. The rules made corresponding revisions to the prompt corrective action framework and include the new capital ratios and buffer requirements which will be phased in incrementally, with full implementation scheduled for January 1, 2019. 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 financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, the Bank must meet specific capital guidelines that involve qualitative measures of their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require the Company and Bank to maintain minimum amounts and ratios (set forth in the table and defined in the regulation) of Total Capital to Risk Weighted Assets, Tier 1 Capital to Risk Weighted Assets, Common Equity Tier 1 to Risk Weighted Assets, and Tier 1 Capital to average assets. The following tables present the Company and the Bank’s capital amounts and ratios as of March 31, 2018 and December 31, 2017: To be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes Action Regulations March 31, 2018 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Company (Consolidated): Total Risk-Based Capital $ 239,102 16.22 % $ 117,960 8.00 % N/A N/A Tier 1 Risk-Based Capital 197,069 13.37 88,470 6.00 N/A N/A Common Equity Tier 1 Capital 197,069 13.37 66,353 4.50 N/A N/A Leverage Ratio 197,069 12.15 64,891 4.00 N/A N/A Bank: Total Risk-Based Capital $ 203,526 13.86 % $ 117,451 8.00 % $ 146,813 10.00 % Tier 1 Risk-Based Capital 186,045 12.67 88,088 6.00 117,451 8.00 Common Equity Tier 1 Capital 186,045 12.67 66,066 4.50 95,429 6.50 Leverage Ratio 186,045 11.51 64,630 4.00 80,788 5.00 To be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes Action Regulations December 31, 2017 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Company (Consolidated): Total Risk-Based Capital $ 173,848 12.46 % $ 111,638 8.00 % N/A N/A Tier 1 Risk-Based Capital 132,459 9.49 83,729 6.00 N/A N/A Common Equity Tier 1 Capital 132,459 9.49 62,797 4.50 N/A N/A Leverage Ratio 132,459 8.38 63,264 4.00 N/A N/A Bank: Total Risk-Based Capital $ 171,805 12.37 % $ 111,134 8.00 % $ 138,918 10.00 % Tier 1 Risk-Based Capital 154,943 11.15 83,351 6.00 111,134 8.00 Common Equity Tier 1 Capital 154,943 11.15 62,513 4.50 90,297 6.50 Leverage Ratio 154,943 9.83 63,060 4.00 78,825 5.00 The Bank must maintain a capital conservation buffer as defined by Basel III regulatory capital guidelines, in order to avoid limitations on capital distributions, including dividend payments and certain discretionary bonus payments to executive officers. For 2018 and 2017, the capital conservation buffer is 1.875% and 1.25%, respectively. The buffer will increase incrementally each year until 2019 when the entire 2.5% capital conservation buffer will be fully phrased-in.

Fair Value Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2018
Fair Value Measurement
Fair Value Measurement	Note 10: Fair Value Measurement The Company categorizes its assets and liabilities measured at fair value into a three-level hierarchy based on the priority of the inputs to the valuation technique used to determine fair value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used in the determination of the fair value measurement fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement. Assets and liabilities valued at fair value are categorized based on the inputs to the valuation techniques as follows: Level 1 – Inputs that utilized quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 – Inputs that include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instruments. Fair values for these instruments are estimated using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Level 3 – Inputs that are unobservable for the asset or liability, which are typically based on an entity’s own assumptions, as there is little, if any, related market activity. Subsequent to initial recognition, the Company may re-measure the carrying value of assets and liabilities measured on a nonrecurring basis to fair value. Adjustments to fair value usually result when certain assets are impaired. Such assets are written down from their carrying amounts to their fair value. Professional standards allow entities the irrevocable option to elect to measure certain financial instruments and other items at fair value for the initial and subsequent measurement on an instrument-by-instrument basis. The Company adopted the policy to value certain financial instruments at fair value. The Company has not elected to measure any existing financial instruments at fair value; however, it may elect to measure newly acquired financial instruments at fair value in the future. Recurring Basis The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The following table presents the balances of the assets and liabilities measured at fair value on a recurring basis as of March 31, 2018 and December 31, 2017: March 31, 2018 Level 1 Level 2 Level 3 Total Securities Available for Sale: Municipal Bonds $ — $ 119,937 $ — $ 119,937 Mortgage-Backed Securities — 61,026 — 61,026 Corporate Securities — 7,074 — 7,074 SBA Securities — 48,782 — 48,782 Interest Rate Swap — 463 — 463 Totals $ — $ 237,282 $ — $ 237,282 December 31, 2017 Level 1 Level 2 Level 3 Total Securities Available for Sale: Municipal Bonds $ — $ 118,320 $ — $ 118,320 Mortgage-Backed Securities — 60,681 — 60,681 Corporate Securities — 5,107 — 5,107 SBA Securities — 45,383 — 45,383 Interest Rate Swap — 344 — 344 Totals $ — $ 229,835 $ — $ 229,835 Investment Securities When available, the Company uses quoted market prices to determine the fair value of investment securities; such items are classified in Level 1 of the fair value hierarchy. For the Company’s investments, when quoted prices are not available for identical securities in an active market, the Company determines fair value utilizing vendors who apply matrix pricing for similar bonds where no price is observable or may compile prices from various sources. These models are primarily industry-standard models that consider various assumptions, including time value, yield curve, volatility factors, prepayment speeds, default rates, loss severity, current market, and contractual prices for the underlying financial instruments, as well as other relevant economic measures. Substantially, all of these assumptions are observable in the marketplace and can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Fair values from these models are verified, where possible, against quoted market prices for recent trading activity of assets with similar characteristics to the security being valued. Such methods are generally classified as Level 2. However, when prices from independent sources vary, or cannot be obtained or corroborated, a security is generally classified as Level 3. Interest Rate Swap Interest rate swaps are traded in over-the-counter markets where quoted market prices are not readily available. For those interest rate swaps, fair value is determined using internally developed models of a third party that uses primarily market observable inputs, such as yield curves and option volatilities and, accordingly are valued using Level 2 inputs. Nonrecurring Basis Certain assets are measured at fair value on a nonrecurring basis. These assets are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment or a change in the amount of previously recognized impairment. The following tables present net impairment losses related to nonrecurring fair value measurements of certain assets for the periods ended March 31, 2018 and December 31, 2017: March 31, 2018 Level 1 Level 2 Level 3 Loss Impaired Loans $ — $ 340 $ — $ 94 Totals $ — $ 340 $ — $ 94 December 31, 2017 Level 1 Level 2 Level 3 Loss Impaired Loans $ — $ 464 $ — $ 109 Totals $ — $ 464 $ — $ 109 Impaired Loans In accordance with the provisions of the loan impairment guidance, impairment was measured for which it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, or discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. Impaired loans for which an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. Collateral values are estimated using Level 2 inputs based on customized discounting criteria. Impairment amounts on impaired loans represent specific valuation allowance and write-downs during the period presented on impaired loans that were individually evaluated for impairment based on the estimated fair value of the collateral less estimated selling costs, excluding impaired loans fully charged-off. Fair Value Disclosure of fair value information about financial instruments, for which it is practicable to estimate that value, is required whether or not recognized in the consolidated balance sheets. In cases where quoted market prices are not available, fair values are based on estimates using present value of cashflow or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimate of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases could not be realized in immediate settlement of the instruments. Certain financial instruments with a fair value that is not practicable to estimate and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value amounts presented do not necessarily represent the underlying value of the Company. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters that could affect the estimates. Fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business. Deposits with no stated maturities are defined as having a fair value equivalent to the amount payable on demand. This prohibits adjusting fair value derived from retaining those deposits for an expected future period of time. This component, commonly referred to as a deposit base intangible, is neither considered in the above amounts nor is it recorded as an intangible asset on the balance sheet. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates. The following tables present the carrying amount and estimated fair values of financial instruments at March 31, 2018 and December 31, 2017: March 31, 2018 Fair Value Hierarchy Carrying Estimated Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and Due From Banks $ 20,125 $ 20,125 $ — $ — $ 20,125 Bank-Owned Certificates of Deposit 3,803 — 3,803 — 3,803 Securities Available for Sale 236,819 — 236,819 — 236,819 FHLB Stock, at Cost 5,214 — 5,214 — 5,214 Loans, Net 1,384,169 — 1,374,676 — 1,374,676 Accrued Interest Receivable 5,753 — 5,753 — 5,753 Interest Rate Swap 463 — 463 — 463 Financial Liabilities: Deposits $ 1,353,036 $ — $ 1,352,094 $ — $ 1,352,094 Federal Funds Purchased 9,000 — 9,000 — 9,000 Notes Payable 16,500 — 16,523 — 16,523 FHLB Advances 73,000 — 71,807 — 71,807 Subordinated Debentures 24,552 — 24,433 — 24,433 Accrued Interest Payable 1,085 — 1,085 — 1,085 December 31, 2017 Fair Value Hierarchy Carrying Estimated Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and Due From Banks $ 23,725 $ 23,725 $ — $ — $ 23,725 Bank-Owned Certificates of Deposit 3,072 — 3,075 — 3,075 Securities Available for Sale 229,491 — 229,491 — 229,491 FHLB Stock, at Cost 5,147 — 5,147 — 5,147 Loans, Net 1,326,507 — 1,323,495 — 1,323,495 Accrued Interest Receivable 5,342 — 5,342 — 5,342 Interest Rate Swap 344 — 344 — 344 Financial Liabilities: Deposits $ 1,339,350 $ — $ 1,340,109 $ — $ 1,340,109 Federal Funds Purchased 23,000 — 23,000 — 23,000 Notes Payable 17,000 — 17,024 — 17,024 FHLB Advances 68,000 — 67,282 — 67,282 Subordinated Debentures 24,527 — 25,090 — 25,090 Accrued Interest Payable 1,408 — 1,408 — 1,408 The following methods and assumptions were used by the Company to estimate fair value of consolidated financial statements not previously discussed. Cash and cash equivalents – The carrying amount of cash and cash equivalents approximates their fair value. Bank-owned certificates of deposit – Fair values of bank-owned certificates of deposit are estimated using the discounted cash flow analysis based on current rates for similar types of deposits. FHLB stock – The carrying amount of FHLB stock approximates its fair value. Loans, Net –Fair values for loans are estimated based on discounted cash flows, using interest rates currently being offered for loans with similar terms to borrowers with similar credit quality. Accrued interest receivable – The carrying amount of accrued interest receivable approximates its fair value since it is short term in nature and does not present anticipated credit concerns. Deposits – The fair values disclosed for demand deposits without stated maturities (interest and noninterest transaction, savings, and money market accounts) are equal to the amount payable on demand at the reporting date (their carrying amounts). Fair values for the fixed-rate certificates of deposit are estimated using a discounted cash flow calculation that applies interest rates currently being offered on certificates to a schedule of aggregated expected monthly maturities on time deposits. Federal funds purchased – The carrying amount of federal funds purchased approximates the fair value. Notes payable and subordinated debt – The fair value of the Company’s notes payable and subordinated debt are estimated using a discounted cash flow analysis, based on the Company’s current incremental borrowing rate for similar types of borrowing arrangements. FHLB advances – The fair values of the Company’s FHLB Advances are estimated using discounted cash flow analysis based on the Company’s current incremental borrowing rates for similar types of borrowing agreements. Accrued interest payable – The carrying amount of accrued interest payable approximates its fair value since it is short term in nature. Off-balance-sheet instruments – Fair values of the Company’s off-balance-sheet instruments (lending commitments and unused lines of credit) are based on fees currently charged to enter into similar agreements, taking into account the remaining terms of the agreements, the counterparties’ credit standing and discounted cash flow analysis. The fair value of these off-balance-sheet items approximates the recorded amounts of the related fees and is not material at March 31, 2018 and December 31, 2017. Limitations – The fair value of a financial instrument is the current amount that would be exchanged between market participants, other than in a forced liquidation. Fair value is best determined based upon quoted market prices. However, in many instances, there are no quoted market prices for the Company’s various financial instruments. In cases where quoted market prices are not available, fair values are based on estimates using present value or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimates of future cash flows. Accordingly, the fair value estimates may not be realized in an immediate settlement of the instrument. Consequently, the aggregate fair value amounts presented may not necessarily represent the underlying fair value of the Company.

Description of the Business a18

Description of the Business and Summary of Significant Accounting Policies (Policies )	3 Months Ended
	Mar. 31, 2018
Description of the Business and Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10‑Q and, therefore, do not include all disclosures necessary for a complete presentation of the consolidated balance sheets, consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of shareholders’ equity and consolidated statements of cash flows in conformity with U.S. generally accepted accounting principles (GAAP). However, all normal recurring adjustments which are, in the opinion of management, necessary for the fair presentation of the interim financial statements have been included. The results of operations for the three-month period ended March 31, 2018 are not necessarily indicative of the results which may be expected for the entire year. For further information, refer to the consolidated financial statements and footnotes included in the Company’s prospectus filed with the Securities and Exchange Commission (“SEC”) on March 14, 2018, pursuant to Rule 424(b)(4) under the Securities Act of 1933.
Principles of Consolidation	Principles of Consolidation These consolidated financial statements include the amounts of the Company, the Bank and Bridgewater Risk Management. All significant intercompany balances and transactions have been eliminated in consolidation.
Impact of Recently Adopted Accounting Standards and Impact of Recently Issued Accounting Standards	Impact of Recently Adopted Accounting Standards In February 2018, the Financial Accounting Standards Board (“FASB”) issued ASU 2018‑02, Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income . The amendments of this ASU allow a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. The Company elected to adopt ASU 2018-02 and, as a result, reclassified $194,000 from accumulated other comprehensive income to retained earnings as of January 1, 2018. The reclassification impacted the Consolidated Balance Sheet and the Consolidated Statement of Changes in Shareholders’ Equity as of and for the three months ended March 31, 2018. Impact of Recently Issued Accounting Standards The following ASUs have been issued by FASB and may impact the Company’s consolidated financial statements in future reporting periods. In May 2014, the FASB issued ASU 2014‑09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014‑09”). ASU 2014‑09 implements a common revenue standard that clarifies the principles for recognizing revenue. The core principle of ASU 2014‑09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: (i) identify the contract(s) with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2015‑14, Revenue from Contracts with Customers (Topic 606) (“ASU 2015‑14”) was issued in August 2015 which defers adoption to annual reporting periods beginning after December 15, 2018 and interim reporting periods beginning after December 15, 2019. The timing of the Company’s revenue recognition is not expected to materially change. The Company’s largest portions of revenue, interest and fees on loans and gain on sales of loans, are specifically excluded from the scope of the guidance, and the Company currently recognizes the majority of the remaining revenue sources in a manner that management believes is consistent with the new guidance. Because of this, management believes that revenue recognized under the new guidance will generally approximate revenue recognized under current GAAP. These observations are subject to change as the evaluation is completed. In January 2016, the FASB issued ASU 2016‑01, Financial Instruments—Overall (Subtopic 825‑10): Recognition and Measurement of Financial Assets and Financial Liabilities (“ASU 2016‑01”). This guidance changes how entities account for equity investments that do not result in consolidation and are not accounted for under the equity method of accounting. Entities will be required to measure these investments at fair value at the end of each reporting period and recognize changes in fair value in net income. A practicability exception will be available for equity investments that do not have readily determinable fair values; however, the exception requires the Company to adjust the carrying amount for impairment and observable price changes in orderly transactions for the identical or a similar investment of the same issuer. This guidance also changes certain disclosure requirements and other aspects of current GAAP. This guidance is effective for fiscal years beginning after December 15, 2018 and for interim reporting periods beginning after December 15, 2019. Early adoption is permitted for only one of the six amendments. The Company is evaluating the impact this new standard will have on its consolidated financial statements. In February 2016, the FASB issued ASU 2016‑02, Leases (Topic 842) (“ASU 2016‑02”). The new guidance establishes the principles to report transparent and economically neutral information about the assets and liabilities that arise from leases. Entities will be required to recognize the lease assets and lease liabilities that arise from leases in the statement of financial position and to disclose qualitative and quantitative information about lease transactions, such as information about variable lease payments and options to renew and terminate leases. This guidance is effective for fiscal years beginning after December 15, 2019 and interim reporting periods beginning after December 15, 2020. The Company is currently evaluating the impact of the adoption of ASU 2016‑02 to determine the potential impact it will have on its consolidated financial statements. The Company’s assets and liabilities will increase based on the present value of the remaining lease payments for leases in place at the adoption date; however, this is not expected to be material to the Company’s results of operations. The Company is evaluating the impact this new standard will have on its consolidated financial statements. In March 2016, the FASB issued ASU 2016‑05, Derivatives and Hedging (Topic 815): Effect of Derivative Contract Novations on Existing Hedge Accounting Relationships (“ASU 2016‑05”). The new guidance clarifies that a change in the counterparty to a derivative instrument that has been designated as the hedging instrument under Topic 815 does not, in and of itself, require de-designation of that hedging relationship provided that all other hedge accounting criteria continue to be met. This guidance is effective for fiscal years beginning after December 15, 2017 and interim reporting periods beginning after December 15, 2018. The adoption of this guidance is not expected to have a significant impact on the Company’s consolidated financial statements. In March 2016, the FASB issued ASU 2016‑09, Compensation—Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (“ASU 2016‑09”). The new guidance simplifies several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. Entities will be required to recognize the income tax effects of awards in the income statement when the awards vest or are settled. This guidance is effective for fiscal years beginning after December 15, 2017 and interim reporting periods beginning after December 31, 2018. The adoption of this ASU is not expected to have a significant impact on the Company’s consolidated financial statements. In June 2016, the FASB issued ASU 2016‑13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments. The amendments in this ASU affect all entities that measure credit losses on financial instruments including loans, debt securities, trade receivables, net investments in leases, off-balance sheet credit exposures, reinsurance receivables, and any other financial asset that has a contractual right to receive cash that is not specifically excluded. The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. To achieve this objective, the amendments in this ASU replace the incurred loss impairment methodology required in current GAAP with a methodology that reflects expected credit losses that requires consideration of a broader range of reasonable and supportable information to estimate credit losses. The amendments in this ASU will affect entities to varying degrees depending on the credit quality of the assets held by the entity, the duration of the assets held, and how the entity applies the current incurred loss methodology. The amendments in this ASU are effective for fiscal years beginning after December 15, 2020 and interim reporting periods beginning after December 15, 2021. All entities may adopt the amendments in the ASU early as of the fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Amendments should be applied using a modified retrospective transition method by means of a cumulative-effect adjustment to equity as of the beginning of the period in which the guidance is adopted. The Company is evaluating the impact this new standard will have on its consolidated financial statements. In January 2017, the FASB issued ASU 2017‑03, Accounting Changes and Error Corrections (Topic 250) and Investments – Equity Method and Joint Ventures (Topic 323). The amendments in the ASU add and amend SEC paragraphs pursuant to the SEC staff announcement at the September 22, 2016 and November 17, 2016, Emerging Issues Task Force (EITF) meetings. The September announcement is about the disclosure of the impact that recently issued accounting standards will have on the financial statements of a registrant when such standards are adopted in a future period. The announcement applies to ASU 2014‑09, Revenue from Contracts with Customers (Topic 606) ; ASU 2016‑02, Leases (Topic 842) ; and ASU 2016‑13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments and to any subsequent amendments to these ASUs that are issued prior to their adoption. The November announcement made amendments to conform the SEC Observer comment on accounting for tax benefits resulting from investments in qualified affordable housing projects to the guidance issued in Accounting Standards Update No. 2014‑01, Investments-Equity Method and Joint Ventures (Topic 323); Accounting for Investments in Qualified Affordable Housing Projects. This ASU is intended to improve transparency and is effective upon issuance. The adoption of this ASU is not anticipated to have a material impact on the Company’s consolidated financial statements other than to enhance the disclosures on the effects of new accounting pronouncements as they move closer to adoption in future periods. In January 2017, the FASB issued ASU 2017‑04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. The amendments in this ASU were issued to address concerns over the cost and complexity of the two-step goodwill impairment test and resulted in the removal of the second step of the test. The amendments require an entity to apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. The new guidance does not amend the optional qualitative assessment of goodwill impairment. This ASU is intended to reduce the cost and complexity of the two-step goodwill impairment test and is effective for annual and interim goodwill impairment tests in fiscal years beginning after December 15, 2021, with early adoption permitted for testing performed after January 1, 2017. Upon adoption, the amendments should be applied on a prospective basis and the entity is required to disclose the nature of and reason for the change in accounting principle upon transition. The adoption of this guidance is not expected to have a significant impact on the Company’s consolidated financial statements. In March 2017, the FASB issued ASU 2017‑08, Receivables – Nonrefundable Fees and Other Costs (Subtopic 310‑20): Premium Amortization on Purchased Callable Debt Securities. The amendments in this ASU shorten the amortization period for certain callable debt securities held at a premium. Specifically, the amendments require the premium to be amortized to the earliest call date. The amendments do not require an accounting change for securities held at a discount as discounts continue to be accreted to maturity. This ASU is intended to more closely align the amortization period of premiums and discounts to expectations incorporated in market pricing on the underlying securities. In most cases, market participants price securities to the call date that produces the worst yield when the coupon is above current market rates and prices securities to maturity when the coupon is below market rates. As a result, the amendments more closely align interest income recorded on bonds held at a premium or a discount with the economics of the underlying instrument. This ASU is intended to reduce diversity in practice and is effective for fiscal years beginning after December 15, 2019, with early adoption permitted. Upon adoption, the amendments should be applied using a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. Additionally, in the period of adoption, an entity should provide disclosures about a change in accounting principles. The adoption of this guidance is not expected to have a significant impact on the Company’s consolidated financial statements. In May 2017, the FASB issued ASU 2017‑09, C ompensation- Stock Compensation (Topic 718). The amendments in this ASU provide clarity about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The ASU is effective for all entities for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years with early adoption permitted. The Company is evaluating the impact this new standard will have on its consolidated financial statements. In August 2017, the FASB issued ASU 2017‑12, Derivatives and Hedging (Topic 815): Targeted Improvements to Accounting for Hedging Activities. The amendments of this ASU better align an entity’s accounting and financial reporting for hedging activities with the economic objectives of those activities. The ASU is effective for fiscal years beginning after December 15, 2019 and interim reporting periods beginning after December 15, 2020, with early adoption permitted. The Company is evaluating the impact this new standard with have on its consolidated financial statements.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share
Schedule of numerators and denominators for basic and diluted earnings per share computations	March 31, March 31, 2018 2017 Net Income Available to Common Shareholders $ 5,950 $ 4,083 Weighted Average Common Stock Outstanding: Weighted Average Common Stock Outstanding (Basic) 25,755,764 24,589,861 Stock Options 415,669 208,892 Weighted Average Common Stock Outstanding (Dilutive) 26,171,433 24,798,753 Basic Earnings per Common Share $ 0.23 $ 0.17 Diluted Earnings per Common Share 0.23 0.16

Securities (Tables)

Securities (Tables)	3 Months Ended
	Mar. 31, 2018
Securities
Summary of the amortized cost and estimated fair value of securities with gross unrealized gains and losses	March 31, 2018 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Securities Available for Sale: Municipal Bonds $ 120,457 $ 1,185 $ (1,705) $ 119,937 Mortgage-Backed Securities 63,073 27 (2,074) 61,026 Corporate Securities 7,019 74 (19) 7,074 SBA Securities 49,076 172 (466) 48,782 Total Securities Available for Sale $ 239,625 $ 1,458 $ (4,264) $ 236,819 December 31, 2017 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Securities Available for Sale: Municipal Bonds $ 115,784 $ 3,005 $ (469) $ 118,320 Mortgage-Backed Securities 61,945 11 (1,275) 60,681 Corporate Securities 5,052 80 (25) 5,107 SBA Securities 45,368 242 (227) 45,383 Total Securities Available for Sale $ 228,149 $ 3,338 $ (1,996) $ 229,491
Summary of fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position	Less Than 12 Months 12 Months or Greater Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses March 31, 2018 Municipal Bonds $ 47,304 $ (884) $ 20,596 $ (821) $ 67,900 $ (1,705) Mortgage-Backed Securities 20,005 (395) 38,635 (1,679) 58,640 (2,074) Corporate Securities 968 — 2,031 (19) 2,999 (19) SBA Securities 25,419 (405) 3,717 (61) 29,136 (466) Total Securities Available for Sale $ 93,696 $ (1,684) $ 64,979 $ (2,580) $ 158,675 $ (4,264) Less Than 12 Months 12 Months or Greater Total Unrealized Unrealized Unrealized Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2017 Municipal Bonds $ 15,043 $ (89) $ 21,111 $ (380) $ 36,154 $ (469) Mortgage-Backed Securities 16,046 (105) 41,800 (1,170) 57,846 (1,275) Corporate Securities — — 2,028 (25) 2,028 (25) SBA Securities 15,634 (189) 3,775 (38) 19,409 (227) Total Securities Available for Sale $ 46,723 $ (383) $ 68,714 $ (1,613) $ 115,437 $ (1,996)
Schedule of contractual maturities of debt	March 31, 2018 Amortized Cost Fair Value Due in One Year or Less $ 2,030 $ 2,033 Due After One Year Through Five Years 14,388 14,515 Due After Five Years Through 10 Years 50,242 50,399 Due After 10 Years 60,816 60,064 Subtotal 127,476 127,011 Mortgage-Backed Securities 63,073 61,026 SBA Securities 49,076 48,782 Totals $ 239,625 $ 236,819
Summary of the proceeds from sales of securities available for sale, as well as gross gains and losses	Three Months Ended March 31, 2018 2017 Proceeds From Sales of Securities $ — $ 565 Gross Gains on Sales — 31 Gross Losses on Sales — —

Loans (Tables)

Loans (Tables)	3 Months Ended
	Mar. 31, 2018
Loans
Summary of components of loans	March 31, December 31, 2018 2017 Commercial $ 199,262 $ 217,753 Construction and Land Development 147,842 130,586 Real Estate Mortgage: 1-4 Family Mortgage 200,573 195,707 Multifamily 332,770 317,872 CRE Owner Occupied 67,512 65,909 CRE Non-owner Occupied 453,498 415,034 Total Real Estate Mortgage Loans 1,054,353 994,522 Consumer and Other 3,963 4,252 Total Loans, Gross 1,405,420 1,347,113 Net Deferred Loan Fees (4,130) (4,104) Allowance for Loan Losses (17,121) (16,502) Total Loans, Net $ 1,384,169 $ 1,326,507
Summary of the activity in the allowance for loan losses by segment	The following table presents the activity in the allowance for loan losses, by segment, for the three months ended March 31, 2018 and 2017: Construction CRE CRE and Land 1-‑4 Family Owner Non‑owner Consumer Three Months Ended March 31, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: Beginning Balance $ 2,435 $ 1,892 $ 2,317 $ 3,170 $ 956 $ 5,087 $ 60 $ 585 $ 16,502 Provision for Loan Losses (230) (127) 91 306 (42) 320 1 281 600 Loans Charged-off — — — — — — (12) — (12) Recoveries of Loans 20 — 10 — — — 1 — 31 Total Ending Allowance Balance 2,225 1,765 2,418 3,476 914 5,407 50 866 17,121 Three Months Ended March 31, 2017 Allowance for Loan Losses: Beginning Balance $ 1,315 $ 1,379 $ 2,410 $ 1,568 $ 1,160 $ 3,323 $ 78 $ 1,100 $ 12,333 Provision for Loan Losses 122 168 (13) 485 53 411 1 (277) 950 Loans Charged-off (1) — — — — (74) (5) — (80) Recoveries of Loans 1 2 10 — — — — — 13 Total Ending Allowance Balance 1,437 1,549 2,407 2,053 1,213 3,660 74 823 13,216 The following tables present the balance in the allowance for loan losses and the recorded investment in loans by segment based on impairment method as of March 31, 2018 and December 31, 2017: Construction CRE CRE and Land 1‑4 Family Owner Non‑owner Consumer Allowance for Loan Losses at March 31, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Individually Evaluated for Impairment $ 14 $ — $ 49 $ 8 $ 23 $ — $ — $ — $ 94 Collectively Evaluated for Impairment 2,211 1,765 2,369 3,468 891 5,407 50 866 17,027 Totals $ 2,225 $ 1,765 $ 2,418 $ 3,476 $ 914 $ 5,407 $ 50 $ 866 $ 17,121 Allowance for Loan Losses at December 31, 2017 Individually Evaluated for Impairment $ 14 $ — $ 57 $ 14 $ 24 $ — $ — $ — $ 109 Collectively Evaluated for Impairment 2,421 1,892 2,260 3,156 932 5,087 60 585 16,393 Totals $ 2,435 $ 1,892 $ 2,317 $ 3,170 $ 956 $ 5,087 $ 60 $ 585 $ 16,502 Construction CRE CRE and Land 1‑4 Family Owner Non‑owner Consumer Loans at March 31, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Total Individually Evaluated for Impairment $ 14 $ 575 $ 1,920 $ 65 $ 674 $ — $ 70 $ 3,318 Collectively Evaluated for Impairment 199,248 147,267 198,653 332,705 66,838 453,498 3,893 1,402,102 Totals $ 199,262 $ 147,842 $ 200,573 $ 332,770 $ 67,512 $ 453,498 $ 3,963 $ 1,405,420 Loans at December 31, 2017 Individually Evaluated for Impairment $ 14 $ 583 $ 1,693 $ 66 $ 2,165 $ — $ 75 $ 4,596 Collectively Evaluated for Impairment 217,739 130,003 194,014 317,806 63,744 415,034 4,177 1,342,517 Totals $ 217,753 $ 130,586 $ 195,707 $ 317,872 $ 65,909 $ 415,034 $ 4,252 $ 1,347,113
Summary of impaired loans by loan segment	March 31, 2018 Recorded Principal Related Average Interest Investment Balance Allowance Investment Recognized Loans With No Related Allowance for Loan Losses: Construction and Land Development $ 575 $ 827 $ — $ 579 $ — Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 494 506 — 508 3 1st REM - 1-4 Family 122 122 — 124 — 1st REM - Rentals 1,107 1,107 — 1,113 13 CRE Owner Occupied 516 516 — 524 7 Consumer and Other 70 87 — 72 — Totals 2,884 3,165 — 2,920 23 Loans With An Allowance for Loan Losses: Commercial 14 14 14 14 — Real Estate Mortgage: LOCs and 2nd REM - Rentals 64 64 46 64 1 1st REM - Rentals 133 133 3 134 1 Multifamily 65 65 8 65 1 CRE Owner Occupied 158 158 23 159 2 Totals 434 434 94 436 5 Grand Totals $ 3,318 $ 3,599 $ 94 $ 3,356 $ 28 December 31, 2017 Recorded Principal Related Average Interest Investment Balance Allowance Investment Recognized Loans With No Related Allowance for Loan Losses: Construction and Land Development $ 583 $ 833 $ — $ 594 $ — Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 508 515 — 537 20 1st REM - 1-4 Family 125 125 — 130 — 1st REM - Rentals 726 726 — 739 34 CRE Owner Occupied 2,006 2,023 — 2,042 97 Consumer and Other 75 92 — 97 — Totals 4,023 4,314 — 4,139 151 Loans With An Allowance for Loan Losses: Commercial 14 14 14 14 — Real Estate Mortgage: LOCs and 2nd REM - Rentals 64 64 47 65 3 1st REM - Rentals 270 270 10 276 14 Multifamily 66 66 14 66 3 CRE Owner Occupied 159 159 24 161 7 Totals 573 573 109 582 27 Grand Totals $ 4,596 $ 4,887 $ 109 $ 4,721 $ 178
Summary of risk category of loans by loan segment, based on the most recent analysis performed by management	March 31, 2018 Pass Watch Substandard Total Commercial $ 197,401 $ 1,840 $ 21 $ 199,262 Construction and Land Development 145,538 1,729 575 147,842 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 24,915 500 335 25,750 1st REM - 1-4 Family 34,287 — 133 34,420 LOCs and 2nd REM - Rentals 13,564 — 223 13,787 1st REM - Rentals 125,376 — 1,240 126,616 Multifamily 332,705 — 65 332,770 CRE Owner Occupied 59,814 5,124 2,574 67,512 CRE Non-owner Occupied 450,218 3,280 — 453,498 Consumer and Other 3,893 — 70 3,963 Totals $ 1,387,711 $ 12,473 $ 5,236 $ 1,405,420 December 31, 2017 Pass Watch Substandard Total Commercial $ 217,739 $ — $ 14 $ 217,753 Construction and Land Development 130,003 — 583 130,586 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 28,238 — 347 28,585 1st REM - 1-4 Family 33,219 — 125 33,344 LOCs and 2nd REM - Rentals 13,409 — 225 13,634 1st REM - Rentals 118,891 — 1,253 120,144 Multifamily 317,806 — 66 317,872 CRE Owner Occupied 63,290 — 2,619 65,909 CRE Non-owner Occupied 409,533 5,501 — 415,034 Consumer and Other 4,177 — 75 4,252 Totals $ 1,336,305 $ 5,501 $ 5,307 $ 1,347,113
Summary of aging of the recorded investment in past due loans by loan segment	Accruing Interest 30-89 Days 90 Days or March 31, 2018 Current Past Due More Past Due Nonaccrual Total Commercial $ 199,233 $ 14 $ — $ 15 $ 199,262 Construction and Land Development 147,267 — — 575 147,842 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 25,415 — — 335 25,750 1st REM - 1-4 Family 34,287 — — 133 34,420 LOCs and 2nd REM - Rentals 13,787 — — — 13,787 1st REM - Rentals 126,616 — — — 126,616 Multifamily 332,770 — — — 332,770 CRE Owner Occupied 67,512 — — — 67,512 CRE Non-owner Occupied 453,498 — — — 453,498 Consumer and Other 3,888 5 — 70 3,963 Totals $ 1,404,273 $ 19 $ — $ 1,128 $ 1,405,420 Accruing Interest 30-89 Days 90 Days or December 31, 2017 Current Past Due More Past Due Nonaccrual Total Commercial $ 217,734 $ 10 $ — $ 9 $ 217,753 Construction and Land Development 130,003 — — 583 130,586 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 28,238 — — 347 28,585 1st REM - 1-4 Family 33,219 — — 125 33,344 LOCs and 2nd REM - Rentals 13,474 160 — — 13,634 1st REM - Rentals 119,876 268 — — 120,144 Multifamily 317,872 — — — 317,872 CRE Owner Occupied 65,686 223 — — 65,909 CRE Non-owner Occupied 415,034 — — — 415,034 Consumer and Other 4,174 3 — 75 4,252 Totals $ 1,345,310 $ 664 $ — $ 1,139 $ 1,347,113

Deposits (Tables)

Deposits (Tables)	3 Months Ended
	Mar. 31, 2018
Deposits.
Schedule of composition of deposits	March 31, December 31, 2018 2017 Transaction Deposits $ 479,935 $ 469,831 Savings and Money Market Deposits 339,541 369,942 Brokered Deposits 228,817 207,481 Time Deposits 304,743 292,096 Totals $ 1,353,036 $ 1,339,350

Commitments, Contingencies an23

Commitments, Contingencies and Credit Risk (Tables)	3 Months Ended
	Mar. 31, 2018
Commitments, Contingencies and Credit Risk
Schedule of commitments outstanding	March 31, December 31, 2018 2017 Unfunded Commitments Under Lines of Credit $ 344,424 $ 309,513 Letters of Credit 69,082 64,546 Totals $ 413,506 $ 374,059

Stock Options (Tables)

Stock Options (Tables)	3 Months Ended
	Mar. 31, 2018
Stock Options
Summary of the fair value of each option award using a closed form option valuation (Black-Scholes) model that uses the assumptions	March 31, 2018 Dividend Yield — % Expected Life 10 Years Expected Volatility 21.86 % Risk-Free Interest Rate 2.72 %
Summary of the status of the Company’s stock option plans	March 31, 2018 Weighted Average Shares Exercise Price Outstanding at Beginning of Year 1,721,000 $ 5.68 Granted 5,000 7.78 Exercised — — Forfeitures — — Outstanding at Period End 1,726,000 $ 5.68 Options Exercisable at Period End 533,000 $ 2.88 Weighted-Average Value of Options Granted During the Period 5,000 $ 2.91
Summary of information pertaining to options outstanding based on range of exercise price	Options Outstanding Options Exercisable Number Remaining Number Exercise Price Outstanding Contractual Life Exercise Price Outstanding $ 1.65 15,000 3.6 Years $ 1.65 15,000 2.13 90,000 5.0 Years 2.13 72,000 3.00 520,000 5.8 Years 3.00 416,000 3.58 50,000 6.8 Years 3.58 30,000 7.47 1,046,000 9.5 Years 7.47 — 7.78 5,000 9.8 Years 7.78 — Totals 1,726,000 8.0 Years $ 5.68 $ 533,000
Summary of analysis of non-vested options to purchase shares of the Company’s stock issued and outstanding	Weighted Number of Average Grant Shares Date Fair Value Nonvested Options at December 31, 2017 1,302,000 $ 2.55 Granted 5,000 2.91 Vested (114,000) 1.57 Forfeited — — Nonvested Options at March 31, 2018 1,193,000 $ 2.65

Regulatory Capital (Tables)

Regulatory Capital (Tables)	3 Months Ended
	Mar. 31, 2018
Regulatory Capital
Summary of company and the Bank’s capital amounts and ratios	To be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes Action Regulations March 31, 2018 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Company (Consolidated): Total Risk-Based Capital $ 239,102 16.22 % $ 117,960 8.00 % N/A N/A Tier 1 Risk-Based Capital 197,069 13.37 88,470 6.00 N/A N/A Common Equity Tier 1 Capital 197,069 13.37 66,353 4.50 N/A N/A Leverage Ratio 197,069 12.15 64,891 4.00 N/A N/A Bank: Total Risk-Based Capital $ 203,526 13.86 % $ 117,451 8.00 % $ 146,813 10.00 % Tier 1 Risk-Based Capital 186,045 12.67 88,088 6.00 117,451 8.00 Common Equity Tier 1 Capital 186,045 12.67 66,066 4.50 95,429 6.50 Leverage Ratio 186,045 11.51 64,630 4.00 80,788 5.00 To be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes Action Regulations December 31, 2017 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Company (Consolidated): Total Risk-Based Capital $ 173,848 12.46 % $ 111,638 8.00 % N/A N/A Tier 1 Risk-Based Capital 132,459 9.49 83,729 6.00 N/A N/A Common Equity Tier 1 Capital 132,459 9.49 62,797 4.50 N/A N/A Leverage Ratio 132,459 8.38 63,264 4.00 N/A N/A Bank: Total Risk-Based Capital $ 171,805 12.37 % $ 111,134 8.00 % $ 138,918 10.00 % Tier 1 Risk-Based Capital 154,943 11.15 83,351 6.00 111,134 8.00 Common Equity Tier 1 Capital 154,943 11.15 62,513 4.50 90,297 6.50 Leverage Ratio 154,943 9.83 63,060 4.00 78,825 5.00

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Measurement
Summary of balances of the assets and liabilities measured at fair value on a recurring basis	March 31, 2018 Level 1 Level 2 Level 3 Total Securities Available for Sale: Municipal Bonds $ — $ 119,937 $ — $ 119,937 Mortgage-Backed Securities — 61,026 — 61,026 Corporate Securities — 7,074 — 7,074 SBA Securities — 48,782 — 48,782 Interest Rate Swap — 463 — 463 Totals $ — $ 237,282 $ — $ 237,282 December 31, 2017 Level 1 Level 2 Level 3 Total Securities Available for Sale: Municipal Bonds $ — $ 118,320 $ — $ 118,320 Mortgage-Backed Securities — 60,681 — 60,681 Corporate Securities — 5,107 — 5,107 SBA Securities — 45,383 — 45,383 Interest Rate Swap — 344 — 344 Totals $ — $ 229,835 $ — $ 229,835
Summary of net impairment losses related to nonrecurring fair value measurements of certain asset	March 31, 2018 Level 1 Level 2 Level 3 Loss Impaired Loans $ — $ 340 $ — $ 94 Totals $ — $ 340 $ — $ 94 December 31, 2017 Level 1 Level 2 Level 3 Loss Impaired Loans $ — $ 464 $ — $ 109 Totals $ — $ 464 $ — $ 109
Summary of carrying amount and estimated fair values of financial instruments	March 31, 2018 Fair Value Hierarchy Carrying Estimated Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and Due From Banks $ 20,125 $ 20,125 $ — $ — $ 20,125 Bank-Owned Certificates of Deposit 3,803 — 3,803 — 3,803 Securities Available for Sale 236,819 — 236,819 — 236,819 FHLB Stock, at Cost 5,214 — 5,214 — 5,214 Loans, Net 1,384,169 — 1,374,676 — 1,374,676 Accrued Interest Receivable 5,753 — 5,753 — 5,753 Interest Rate Swap 463 — 463 — 463 Financial Liabilities: Deposits $ 1,353,036 $ — $ 1,352,094 $ — $ 1,352,094 Federal Funds Purchased 9,000 — 9,000 — 9,000 Notes Payable 16,500 — 16,523 — 16,523 FHLB Advances 73,000 — 71,807 — 71,807 Subordinated Debentures 24,552 — 24,433 — 24,433 Accrued Interest Payable 1,085 — 1,085 — 1,085 December 31, 2017 Fair Value Hierarchy Carrying Estimated Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and Due From Banks $ 23,725 $ 23,725 $ — $ — $ 23,725 Bank-Owned Certificates of Deposit 3,072 — 3,075 — 3,075 Securities Available for Sale 229,491 — 229,491 — 229,491 FHLB Stock, at Cost 5,147 — 5,147 — 5,147 Loans, Net 1,326,507 — 1,323,495 — 1,323,495 Accrued Interest Receivable 5,342 — 5,342 — 5,342 Interest Rate Swap 344 — 344 — 344 Financial Liabilities: Deposits $ 1,339,350 $ — $ 1,340,109 $ — $ 1,340,109 Federal Funds Purchased 23,000 — 23,000 — 23,000 Notes Payable 17,000 — 17,024 — 17,024 FHLB Advances 68,000 — 67,282 — 67,282 Subordinated Debentures 24,527 — 25,090 — 25,090 Accrued Interest Payable 1,408 — 1,408 — 1,408

Description of the Business a27

Description of the Business and Summary of Significant Accounting Policies (Details) - USD ($)	Mar. 16, 2018	Mar. 31, 2018
IPO
Description of the Business and Summary of Significant Accounting Policies
Net proceeds from issuance of common stock	$ 58,900,000
Retained Earnings
Impact of Recently Adopted Accounting Standards
Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings, Tax Effect		$ (194,000)
Accumulated Other Comprehensive Income (Loss)
Impact of Recently Adopted Accounting Standards
Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings, Tax Effect		$ 194,000

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share
Net Income Available to Common Shareholders	$ 5,950	$ 4,083
Weighted Average Common Stock Outstanding:
Weighted Average Common Stock Outstanding (Basic)	25,755,764	24,589,861
Stock Options	415,669	208,892
Weighted Average Common Stock Outstanding (Dilutive)	26,171,433	24,798,753
Basic Earnings per Common Share (in dollars per share)	$ 0.23	$ 0.17
Diluted Earnings per Common Share (in dollars per share)	$ 0.23	$ 0.16

Securities - Securities Availab

Securities - Securities Available for Sale (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	$ 239,625	$ 228,149
Gross Unrealized Gains	1,458	3,338
Gross Unrealized Losses	(4,264)	(1,996)
Fair Value	236,819	229,491
Municipal Bonds
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	120,457	115,784
Gross Unrealized Gains	1,185	3,005
Gross Unrealized Losses	(1,705)	(469)
Fair Value	119,937	118,320
Mortgage-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	63,073	61,945
Gross Unrealized Gains	27	11
Gross Unrealized Losses	(2,074)	(1,275)
Fair Value	61,026	60,681
Corporate Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	7,019	5,052
Gross Unrealized Gains	74	80
Gross Unrealized Losses	(19)	(25)
Fair Value	7,074	5,107
SBA Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	49,076	45,368
Gross Unrealized Gains	172	242
Gross Unrealized Losses	(466)	(227)
Fair Value	$ 48,782	$ 45,383

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018USD ($)security	Dec. 31, 2017USD ($)security
Fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	$ 93,696	$ 46,723
Less Than 12 Months, Unrealized Losses	(1,684)	(383)
12 Months or Greater, Fair Value	64,979	68,714
12 Months or Greater, Unrealized Losses	(2,580)	(1,613)
Fair Value	158,675	115,437
Unrealized Losses	$ (4,264)	$ (1,996)
Number of debt securities with unrealized losses | security	199	133
Percentage of aggregate depreciation from amortized cost basis	2.00%	1.00%
Municipal Bonds
Fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	$ 47,304	$ 15,043
Less Than 12 Months, Unrealized Losses	(884)	(89)
12 Months or Greater, Fair Value	20,596	21,111
12 Months or Greater, Unrealized Losses	(821)	(380)
Fair Value	67,900	36,154
Unrealized Losses	(1,705)	(469)
Mortgage-Backed Securities
Fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	20,005	16,046
Less Than 12 Months, Unrealized Losses	(395)	(105)
12 Months or Greater, Fair Value	38,635	41,800
12 Months or Greater, Unrealized Losses	(1,679)	(1,170)
Fair Value	58,640	57,846
Unrealized Losses	(2,074)	(1,275)
Corporate Securities
Fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	968
12 Months or Greater, Fair Value	2,031	2,028
12 Months or Greater, Unrealized Losses	(19)	(25)
Fair Value	2,999	2,028
Unrealized Losses	(19)	(25)
SBA Securities
Fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	25,419	15,634
Less Than 12 Months, Unrealized Losses	(405)	(189)
12 Months or Greater, Fair Value	3,717	3,775
12 Months or Greater, Unrealized Losses	(61)	(38)
Fair Value	29,136	19,409
Unrealized Losses	$ (466)	$ (227)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) $ in Thousands	Mar. 31, 2018USD ($)
Contractual maturities, amortized cost
Due in One Year or Less	$ 2,030
Due After One Year Through Five Years	14,388
Due After Five Years Through 10 Years	50,242
Due After 10 Years	60,816
Subtotal	127,476
Totals	239,625
Contractual maturities, fair value
Due in One Year or Less	2,033
Due After One Year Through Five Years	14,515
Due After Five Years Through 10 Years	50,399
Due After 10 Years	60,064
Subtotal	127,011
Totals	236,819
Mortgage-Backed Securities
Contractual maturities, amortized cost
Contractual securities	63,073
Contractual maturities, fair value
Contractual securities	61,026
SBA Securities
Contractual maturities, amortized cost
Contractual securities	49,076
Contractual maturities, fair value
Contractual securities	$ 48,782

Securities - Available for Sale

Securities - Available for Sale Securities Gross Realized Gain Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2018	Dec. 31, 2017
Securities
Amortized cost of securities pledged to secure public deposits and for other purposes required or permitted by law		$ 64,413	$ 79,400
Fair value of securities pledged to secure public deposits and for other purposes required or permitted by law		$ 64,288	$ 81,639
Summary of the proceeds from sales of securities available for sale, as well as gross gains and losses
Proceeds From Sales of Securities	$ 565
Gross Gains on Sales	$ 31

Loans - Components of loans (De

Loans - Components of loans (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Mar. 31, 2017	Dec. 31, 2016
Components of loans
Total Loans, Gross	$ 1,405,420	$ 1,347,113
Net Deferred Loan Fees	(4,130)	(4,104)
Allowance for Loan Losses	(17,121)	(16,502)	$ (13,216)	$ (12,333)
Total Loans, Net	1,384,169	1,326,507
Commercial
Components of loans
Total Loans, Gross	199,262	217,753
Allowance for Loan Losses	(2,225)	(2,435)	(1,437)	(1,315)
Construction and Land Development
Components of loans
Total Loans, Gross	147,842	130,586
Allowance for Loan Losses	(1,765)	(1,892)	(1,549)	(1,379)
Real Estate Mortgage
Components of loans
Total Loans, Gross	1,054,353	994,522
1-4 Family Mortgage
Components of loans
Total Loans, Gross	200,573	195,707
Allowance for Loan Losses	(2,418)	(2,317)	(2,407)	(2,410)
Multifamily
Components of loans
Total Loans, Gross	332,770	317,872
Allowance for Loan Losses	(3,476)	(3,170)	(2,053)	(1,568)
CRE Owner Occupied
Components of loans
Total Loans, Gross	67,512	65,909
Allowance for Loan Losses	(914)	(956)	(1,213)	(1,160)
CRE Non-owner Occupied
Components of loans
Total Loans, Gross	453,498	415,034
Allowance for Loan Losses	(5,407)	(5,087)	(3,660)	(3,323)
Consumer and other
Components of loans
Total Loans, Gross	3,963	4,252
Allowance for Loan Losses	$ (50)	$ (60)	$ (74)	$ (78)

Loans - Allowance for loan loss

Loans - Allowance for loan losses by segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Dec. 31, 2017
Allowance for Loan Losses:
Beginning Balance	$ 16,502	$ 12,333
Provision for Loan Losses	600	950
Loans Charged-off	(12)	(80)
Recoveries of Loans	31	13
Total Ending Allowance Balance	17,121	13,216
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment			$ 94	$ 109
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment			17,027	16,393
Totals Allowance for Loan Losses and Loans	16,502	12,333	17,121	16,502
Loans, Individually Evaluated for Impairment			3,318	4,596
Loans, Collectively Evaluated for Impairment			1,402,102	1,342,517
Totals			1,405,420	1,347,113
Commercial
Allowance for Loan Losses:
Beginning Balance	2,435	1,315
Provision for Loan Losses	(230)	122
Loans Charged-off		(1)
Recoveries of Loans	20	1
Total Ending Allowance Balance	2,225	1,437
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment			14	14
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment			2,211	2,421
Totals Allowance for Loan Losses and Loans	2,435	1,315	2,225	2,435
Loans, Individually Evaluated for Impairment			14	14
Loans, Collectively Evaluated for Impairment			199,248	217,739
Totals			199,262	217,753
Construction and Land Development
Allowance for Loan Losses:
Beginning Balance	1,892	1,379
Provision for Loan Losses	(127)	168
Recoveries of Loans		2
Total Ending Allowance Balance	1,765	1,549
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment			1,765	1,892
Totals Allowance for Loan Losses and Loans	1,892	1,379	1,765	1,892
Loans, Individually Evaluated for Impairment			575	583
Loans, Collectively Evaluated for Impairment			147,267	130,003
Totals			147,842	130,586
1-4 Family Mortgage
Allowance for Loan Losses:
Beginning Balance	2,317	2,410
Provision for Loan Losses	91	(13)
Recoveries of Loans	10	10
Total Ending Allowance Balance	2,418	2,407
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment			49	57
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment			2,369	2,260
Totals Allowance for Loan Losses and Loans	2,317	2,410	2,418	2,317
Loans, Individually Evaluated for Impairment			1,920	1,693
Loans, Collectively Evaluated for Impairment			198,653	194,014
Totals			200,573	195,707
Multifamily
Allowance for Loan Losses:
Beginning Balance	3,170	1,568
Provision for Loan Losses	306	485
Total Ending Allowance Balance	3,476	2,053
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment			8	14
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment			3,468	3,156
Totals Allowance for Loan Losses and Loans	3,170	1,568	3,476	3,170
Loans, Individually Evaluated for Impairment			65	66
Loans, Collectively Evaluated for Impairment			332,705	317,806
Totals			332,770	317,872
CRE Owner Occupied
Allowance for Loan Losses:
Beginning Balance	956	1,160
Provision for Loan Losses	(42)	53
Total Ending Allowance Balance	914	1,213
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment			23	24
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment			891	932
Totals Allowance for Loan Losses and Loans	956	1,160	914	956
Loans, Individually Evaluated for Impairment			674	2,165
Loans, Collectively Evaluated for Impairment			66,838	63,744
Totals			67,512	65,909
CRE Non-owner Occupied
Allowance for Loan Losses:
Beginning Balance	5,087	3,323
Provision for Loan Losses	320	411
Loans Charged-off		(74)
Total Ending Allowance Balance	5,407	3,660
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment			5,407	5,087
Totals Allowance for Loan Losses and Loans	5,087	3,323	5,407	5,087
Loans, Collectively Evaluated for Impairment			453,498	415,034
Totals			453,498	415,034
Consumer and other
Allowance for Loan Losses:
Beginning Balance	60	78
Provision for Loan Losses	1	1
Loans Charged-off	(12)	(5)
Recoveries of Loans	1
Total Ending Allowance Balance	50	74
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment			50	60
Totals Allowance for Loan Losses and Loans	60	78	50	60
Loans, Individually Evaluated for Impairment			70	75
Loans, Collectively Evaluated for Impairment			3,893	4,177
Totals			3,963	4,252
Unallocated
Allowance for Loan Losses:
Beginning Balance	585	1,100
Provision for Loan Losses	281	(277)
Total Ending Allowance Balance	866	823
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment			866	585
Totals Allowance for Loan Losses and Loans	$ 585	$ 1,100	$ 866	$ 585

Loans - Impaired loans by loan

Loans - Impaired loans by loan segment (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	$ 2,884	$ 4,023
Loans With No Related Allowance for Loan Losses, Principal Balance	3,165	4,314
Loans With No Related Allowance for Loan Losses, Average Investment	2,920	4,139
Loans With No Related Allowance for Loan Losses, Interest Recognized	23	151
Total Recorded Investment	3,318	4,596
Total Principal Balance	3,599	4,887
Related Allowance	94	109
Total Average Investment	3,356	4,721
Total Interest Recognized	28	178
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	575	583
Loans With No Related Allowance for Loan Losses, Principal Balance	827	833
Loans With No Related Allowance for Loan Losses, Average Investment	579	594
Commercial
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Recorded Investment	14	14
Loans With An Allowance for Loan Losses, Principal Balance	14	14
Loans With An Allowance for Loan Losses, Average Investment	14	14
Related Allowance	14	14
Real Estate Mortgage
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Recorded Investment	434	573
Loans With An Allowance for Loan Losses, Principal Balance	434	573
Loans With An Allowance for Loan Losses, Average Investment	436	582
Loans With An Allowance for Loan Losses, Interest Recognized	5	27
Related Allowance	94	109
HELOC and 1-4 Family Junior Mortgage
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	494	508
Loans With No Related Allowance for Loan Losses, Principal Balance	506	515
Loans With No Related Allowance for Loan Losses, Average Investment	508	537
Loans With No Related Allowance for Loan Losses, Interest Recognized	3	20
1st REM - 1-4 Family
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	122	125
Loans With No Related Allowance for Loan Losses, Principal Balance	122	125
Loans With No Related Allowance for Loan Losses, Average Investment	124	130
LOCs and 2nd REM - Rentals
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Recorded Investment	64	64
Loans With An Allowance for Loan Losses, Principal Balance	64	64
Loans With An Allowance for Loan Losses, Average Investment	64	65
Loans With An Allowance for Loan Losses, Interest Recognized	1	3
Related Allowance	46	47
1st REM - Rentals
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	1,107	726
Loans With No Related Allowance for Loan Losses, Principal Balance	1,107	726
Loans With No Related Allowance for Loan Losses, Average Investment	1,113	739
Loans With No Related Allowance for Loan Losses, Interest Recognized	13	34
Loans With An Allowance for Loan Losses, Recorded Investment	133	270
Loans With An Allowance for Loan Losses, Principal Balance	133	270
Loans With An Allowance for Loan Losses, Average Investment	134	276
Loans With An Allowance for Loan Losses, Interest Recognized	1	14
Related Allowance	3	10
Consumer and other
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	70	75
Loans With No Related Allowance for Loan Losses, Principal Balance	87	92
Loans With No Related Allowance for Loan Losses, Average Investment	72	97
Multifamily
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Recorded Investment	65	66
Loans With An Allowance for Loan Losses, Principal Balance	65	66
Loans With An Allowance for Loan Losses, Average Investment	65	66
Loans With An Allowance for Loan Losses, Interest Recognized	1	3
Related Allowance	8	14
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	516	2,006
Loans With No Related Allowance for Loan Losses, Principal Balance	516	2,023
Loans With No Related Allowance for Loan Losses, Average Investment	524	2,042
Loans With No Related Allowance for Loan Losses, Interest Recognized	7	97
Loans With An Allowance for Loan Losses, Recorded Investment	158	159
Loans With An Allowance for Loan Losses, Principal Balance	158	159
Loans With An Allowance for Loan Losses, Average Investment	159	161
Loans With An Allowance for Loan Losses, Interest Recognized	2	7
Related Allowance	$ 23	$ 24

Loans - Risk category of loans

Loans - Risk category of loans by loan segment (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 1,405,420	$ 1,347,113
Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,387,711	1,336,305
Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	12,473	5,501
Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	5,236	5,307
Commercial
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	199,262	217,753
Commercial | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	197,401	217,739
Commercial | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,840
Commercial | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	21	14
Construction and Land Development
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	147,842	130,586
Construction and Land Development | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	145,538	130,003
Construction and Land Development | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,729
Construction and Land Development | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	575	583
HELOC and 1-4 Family Junior Mortgage
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	25,750	28,585
HELOC and 1-4 Family Junior Mortgage | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	24,915	28,238
HELOC and 1-4 Family Junior Mortgage | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	500
HELOC and 1-4 Family Junior Mortgage | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	335	347
1st REM - 1-4 Family
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	34,420	33,344
1st REM - 1-4 Family | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	34,287	33,219
1st REM - 1-4 Family | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	133	125
LOCs and 2nd REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	13,787	13,634
LOCs and 2nd REM - Rentals | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	13,564	13,409
LOCs and 2nd REM - Rentals | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	223	225
1st REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	126,616	120,144
1st REM - Rentals | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	125,376	118,891
1st REM - Rentals | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,240	1,253
Multifamily
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	332,770	317,872
Multifamily | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	332,705	317,806
Multifamily | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	65	66
CRE Owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	67,512	65,909
CRE Owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	59,814	63,290
CRE Owner Occupied | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	5,124
CRE Owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	2,574	2,619
CRE Non-owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	453,498	415,034
CRE Non-owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	450,218	409,533
CRE Non-owner Occupied | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	3,280	5,501
Consumer and other
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	3,963	4,252
Consumer and other | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	3,893	4,177
Consumer and other | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 70	$ 75

Loans - Recorded investment in

Loans - Recorded investment in past due loans by loan segment (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	$ 1,404,273	$ 1,345,310
Nonaccrual	1,128	1,139
Totals	1,405,420	1,347,113
30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, past due	19	664
Commercial
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	199,233	217,734
Nonaccrual	15	9
Totals	199,262	217,753
Commercial | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, past due	14	10
Construction and Land Development
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	147,267	130,003
Nonaccrual	575	583
Totals	147,842	130,586
HELOC and 1-4 Family Junior Mortgage
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	25,415	28,238
Nonaccrual	335	347
Totals	25,750	28,585
1st REM - 1-4 Family
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	34,287	33,219
Nonaccrual	133	125
Totals	34,420	33,344
LOCs and 2nd REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	13,787	13,474
Totals	13,787	13,634
LOCs and 2nd REM - Rentals | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, past due		160
1st REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	126,616	119,876
Totals	126,616	120,144
1st REM - Rentals | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, past due		268
Multifamily
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	332,770	317,872
Totals	332,770	317,872
CRE Owner Occupied
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	67,512	65,686
Totals	67,512	65,909
CRE Owner Occupied | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, past due		223
CRE Non-owner Occupied
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	453,498	415,034
Totals	453,498	415,034
Consumer and other
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	3,888	4,174
Nonaccrual	70	75
Totals	3,963	4,252
Consumer and other | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, past due	$ 5	$ 3

Loans - Summary of loans modifi

Loans - Summary of loans modified in TDRs and those restructurings (Details) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2018USD ($)loan	Dec. 31, 2017USD ($)loan
Loans
Troubled Debt Restructurings, Number of Loans	9	9
New Troubled Debt Restructurings, Post-Modification Outstanding Balance | $	$ 2.9	$ 3
New Troubled Debt Restructurings, Number of Loans	0
Troubled Debt Restructurings That Subsequently Defaulted Within 12 Months of The Restructure Date, Number of Loans	0

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Deposits, by Type [Abstract]
Transaction Deposits	$ 479,935	$ 469,831
Savings and Money Market Deposits	339,541	369,942
Brokered Deposits	228,817	207,481
Time Deposits	304,743	292,096
Total Deposits	$ 1,353,036	$ 1,339,350

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($) $ in Thousands	Jul. 12, 2017	Mar. 31, 2018
Subordinated Debentures
Total amortization expense		$ 25
Subordinated notes due 2027
Subordinated Debentures
Aggregate principal amount	$ 25,000
Percentage of face value at which notes are issued	100.00%
Issuance costs	$ 516
Amortization period of debt	5 years
Total amortization expense		25
Remaining to be amortized		$ 448
Fixed interest rate	5.875%
Redemption percentage of the outstanding principal amount	100.00%
3 month LIBOR | Subordinated notes due 2027
Subordinated Debentures
Variable spread on debt	388.00%

Commitments, Contingencies an41

Commitments, Contingencies and Credit Risk (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Commitments, Contingencies and Credit Risk
Unfunded Commitments Under Lines of Credit	$ 344,424	$ 309,513
Letters of Credit	69,082	64,546
Totals	$ 413,506	$ 374,059

Stock Options (Details)

Stock Options (Details) $ in Millions	1 Months Ended	3 Months Ended	12 Months Ended
	Apr. 30, 2018shares	Mar. 31, 2018USD ($)itemshares	Dec. 31, 2017shares
Stock Options
Number of shares authorized for grant options to its directors, officers, and employees			1,500,000
Vesting period			5 years
Number of unissued shares of the Company’s common stock authorized for option grants		659,000
Stock options granted (in shares)		5,000
Number of banks in the index | item		36
Minimum
Stock Options
Market capitalization | $		$ 395
Maximum
Stock Options
Term of award			P10Y
Market capitalization | $		$ 3,500
Subsequent Event
Stock Options
Stock options granted (in shares)	25,000

Stock Options - Black-Scholes A

Stock Options - Black-Scholes Assumptions (Details)	3 Months Ended
	Mar. 31, 2018
Black-Scholes Assumptions
Expected Life	10 years
Expected Volatility	21.86%
Risk-Free Interest Rate	2.72%

Stock Options - Stock Option Pl

Stock Options - Stock Option Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Stock Option Plans
Outstanding at Beginning of Year	1,721,000
Granted	5,000
Outstanding at Period End	1,726,000
Options Exercisable at Period End	533,000
Weighted-Average Value of Options Granted During the Period	$ 5,000
Weighted Average Exercise Price
Outstanding at Beginning of Year	5.68
Granted	7.78
Outstanding at Period End	5.68
Options Excercisable at Period End	2.88
Granted During the Period	$ 2.91
Compensation expense for stock options	$ 199	$ 53

Stock Options - Exercise Price

Stock Options - Exercise Price (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)$ / sharesshares
Exercise Price
Options Outstanding, Number Outstanding	1,726,000
Options Outstanding, Remaining Contractual Life	8 years
Options Outstanding, Exercise Price | $ / shares	$ 5.68
Options Exercisable, Number Outstanding	533,000
Total unrecognized compensation cost | $	$ 2,801
Total unrecognized compensation cost expected to be recognized (in years)	5 years
$ 1.65
Exercise Price
Options Outstanding, Number Outstanding	15,000
Options Outstanding, Remaining Contractual Life	3 years 7 months 6 days
Options Outstanding, Exercise Price | $ / shares	$ 1.65
Options Exercisable, Number Outstanding	15,000
2.13
Exercise Price
Options Outstanding, Number Outstanding	90,000
Options Outstanding, Remaining Contractual Life	5 years
Options Outstanding, Exercise Price | $ / shares	$ 2.13
Options Exercisable, Number Outstanding	72,000
3
Exercise Price
Options Outstanding, Number Outstanding	520,000
Options Outstanding, Remaining Contractual Life	5 years 9 months 18 days
Options Outstanding, Exercise Price | $ / shares	$ 3
Options Exercisable, Number Outstanding	416,000
3.58
Exercise Price
Options Outstanding, Number Outstanding	50,000
Options Outstanding, Remaining Contractual Life	6 years 9 months 18 days
Options Outstanding, Exercise Price | $ / shares	$ 3.58
Options Exercisable, Number Outstanding	30,000
7.47
Exercise Price
Options Outstanding, Number Outstanding	1,046,000
Options Outstanding, Remaining Contractual Life	9 years 6 months
Options Outstanding, Exercise Price | $ / shares	$ 7.47
7.78
Exercise Price
Options Outstanding, Number Outstanding	5,000
Options Outstanding, Remaining Contractual Life	9 years 9 months 18 days
Options Outstanding, Exercise Price | $ / shares	$ 7.78

Stock Options - Non-Vested Opti

Stock Options - Non-Vested Options (Details)	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Number of Shares
Nonvested Options at December 31, 2017 | shares	1,302,000
Granted | shares	5,000
Vested | shares	(114,000)
Nonvested Options at March 31, 2018 | shares	1,193,000
Weighted Average Grant Date Fair Value
Nonvested Options at December 31, 2017 | $ / shares	$ 2.55
Granted | $ / shares	2.91
Vested | $ / shares	1.57
Nonvested Options at March 31, 2018 | $ / shares	$ 2.65

Regulatory Capital (Details)

Regulatory Capital (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Total Risk-Based Capital
Total Risk-Based Capital, Actual amount	$ 239,102	$ 173,848
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	$ 117,960	$ 111,638
Total Risk-Based Capital, Actual ratio	16.22%	12.46%
Total Risk-Based Capital, For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Tier 1 Risk-Based Capital
Tier One Risk Based Capital	$ 197,069	$ 132,459
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	$ 88,470	$ 83,729
Tier 1 Risk-Based Capital, Actual ratio	13.37%	9.49%
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Common Equity Tier 1 Capital
Common Equity Tier 1 Capital, Actual amount	$ 197,069	$ 132,459
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	$ 66,353	$ 62,797
Common Equity Tier 1 Capital, Actual ratio	13.37%	9.49%
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Leverage Ratio
Leverage Ratio, Actual amount	$ 197,069	$ 132,459
Leverage Ratio, For Capital Adequacy Purposes, amount	$ 64,891	$ 63,264
Leverage Ratio, Actual ratio	12.15%	8.38%
Leverage Ratio, For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Capital conservation buffer (as a percent)	1.875%	1.25%
Incremental increase in buffer (as a percent)	2.50%
Bank
Total Risk-Based Capital
Total Risk-Based Capital, Actual amount	$ 203,526	$ 171,805
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	117,451	111,134
Total Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 146,813	$ 138,918
Total Risk-Based Capital, Actual ratio	13.86%	12.37%
Total Risk-Based Capital, For Capital Adequacy Purposes, Ratio	8.00%	8.00%
Total Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	10.00%	10.00%
Tier 1 Risk-Based Capital
Tier One Risk Based Capital	$ 186,045	$ 154,943
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	88,088	83,351
Tier 1 Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 117,451	$ 111,134
Tier 1 Risk-Based Capital, Actual ratio	12.67%	11.15%
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, Ratio	6.00%	6.00%
Tier 1 Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	8.00%	8.00%
Common Equity Tier 1 Capital
Common Equity Tier 1 Capital, Actual amount	$ 186,045	$ 154,943
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	66,066	62,513
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 95,429	$ 90,297
Common Equity Tier 1 Capital, Actual ratio	12.67%	11.15%
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	6.50%	6.50%
Leverage Ratio
Leverage Ratio, Actual amount	$ 186,045	$ 154,943
Leverage Ratio, For Capital Adequacy Purposes, amount	64,630	63,060
Leverage Ratio, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 80,788	$ 78,825
Leverage Ratio, Actual ratio	11.51%	9.83%
Leverage Ratio, For Capital Adequacy Purposes, Ratio	4.00%	4.00%
Leverage Ratio, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	5.00%	5.00%

Fair Value Measurement - Recurr

Fair Value Measurement - Recurring (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	$ 236,819	$ 229,491
Interest Rate Swap	463	344
Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Swap	463	344
Totals	237,282	229,835
Municipal Bonds
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	119,937	118,320
Municipal Bonds | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	119,937	118,320
Mortgage-Backed Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	61,026	60,681
Mortgage-Backed Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	61,026	60,681
Corporate Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	7,074	5,107
Corporate Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	7,074	5,107
SBA Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	48,782	45,383
SBA Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	48,782	45,383
Level 2
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	236,819	229,491
Interest Rate Swap	463	344
Level 2 | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Swap	463	344
Totals	237,282	229,835
Level 2 | Municipal Bonds | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	119,937	118,320
Level 2 | Mortgage-Backed Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	61,026	60,681
Level 2 | Corporate Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	7,074	5,107
Level 2 | SBA Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	$ 48,782	$ 45,383

Fair Value Measurement - Nonrec

Fair Value Measurement - Nonrecurring (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	$ 600	$ 950
Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	94		$ 109
Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	94		109
Level 2 | Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	340		464
Level 2 | Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	$ 340		$ 464

Fair Value Measurement - Estima

Fair Value Measurement - Estimated Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financial Assets:
Cash and Due From Banks	$ 20,125	$ 23,725
Bank-owned Certificates of Deposits	3,803	3,072
Securities Available for Sale, at Fair Value	236,819	229,491
FHLB Stock, at Cost	5,214	5,147
Loans, Net	1,384,169	1,326,507
Accrued Interest Receivable	5,753	5,342
Interest Rate Swap	463	344
Financial Liabilities:
Deposits	1,353,036	1,339,350
Federal Funds Purchased	9,000	23,000
Notes Payable	16,500	17,000
FHLB Advances	73,000	68,000
Subordinated Debentures	24,552	24,527
Accrued Interest Payable	1,085	1,408
Level 1
Financial Assets:
Cash and Due From Banks	20,125	23,725
Level 2
Financial Assets:
Bank-owned Certificates of Deposits	3,803	3,075
Securities Available for Sale, at Fair Value	236,819	229,491
FHLB Stock, at Cost	5,214	5,147
Loans, Net	1,374,676	1,323,495
Accrued Interest Receivable	5,753	5,342
Interest Rate Swap	463	344
Financial Liabilities:
Deposits	1,352,094	1,340,109
Federal Funds Purchased	9,000	23,000
Notes Payable	16,523	17,024
FHLB Advances	71,807	67,282
Subordinated Debentures	24,433	25,090
Accrued Interest Payable	1,085	1,408
Estimated Fair Value
Financial Assets:
Cash and Due From Banks	20,125	23,725
Bank-owned Certificates of Deposits	3,803	3,075
Securities Available for Sale, at Fair Value	236,819	229,491
FHLB Stock, at Cost	5,214	5,147
Loans, Net	1,374,676	1,323,495
Accrued Interest Receivable	5,753	5,342
Interest Rate Swap	463	344
Financial Liabilities:
Deposits	1,352,094	1,340,109
Federal Funds Purchased	9,000	23,000
Notes Payable	16,523	17,024
FHLB Advances	71,807	67,282
Subordinated Debentures	24,433	25,090
Accrued Interest Payable	$ 1,085	$ 1,408