Bridgewater Bancshares (BWB) 10-Q 9 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 07, 2018
Entity Registrant Name	Bridgewater Bancshares Inc
Entity Central Index Key	1,341,317
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
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	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash and Cash Equivalents	$ 21,917	$ 23,725
Bank-owned Certificates of Deposits	3,803	3,072
Securities Available for Sale, at Fair Value	246,071	229,491
Loans, Net of Allowance for Loan Losses of $17,666 at June 30, 2018 (unaudited) and $16,502 at December 31, 2017	1,441,596	1,326,507
Federal Home Loan Bank (FHLB) Stock, at Cost	5,294	5,147
Premises and Equipment, Net	10,457	10,115
Foreclosed Assets	148	581
Accrued Interest	5,971	5,342
Goodwill	2,626	2,626
Other Intangible Assets, Net	1,147	1,243
Other Assets	13,888	8,763
Total Assets	1,752,918	1,616,612
Deposits:
Noninterest Bearing	323,320	292,539
Interest Bearing	1,091,371	1,046,811
Total Deposits	1,414,691	1,339,350
Federal Funds Purchased		23,000
Notes Payable	16,000	17,000
FHLB Advances	84,000	68,000
Subordinated Debentures, Net of Issuance Costs	24,578	24,527
Accrued Interest Payable	1,502	1,408
Other Liabilities	6,220	6,165
Total Liabilities	1,546,991	1,479,450
SHAREHOLDERS' EQUITY
Preferred Stock- $0.01 par value Authorized 10,000,000; None Issued and Outstanding at June 30, 2018 (unaudited) and December 31, 2017
Additional Paid-In Capital	125,516	66,324
Retained Earnings	82,010	69,508
Accumulated Other Comprehensive Income (Loss)	(1,899)	1,084
Total Shareholders' Equity	205,927	137,162
Total Liabilities and Equity	1,752,918	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	Jun. 30, 2018	Dec. 31, 2017
Allowance of loan loss	$ 17,666	$ 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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
INTEREST INCOME
Loans, Including Fees	$ 18,800	$ 14,161	$ 35,848	$ 27,353
Investment Securities	1,473	1,547	3,040	2,906
Other	119	66	214	127
Total Interest Income	20,392	15,774	39,102	30,386
INTEREST EXPENSE
Deposits	3,522	2,288	6,531	4,306
Notes Payable	146	168	298	335
FHLB Advances	372	186	671	373
Subordinated Debentures	397		766
Federal Funds Purchased	56	60	174	109
Total Interest Expense	4,493	2,702	8,440	5,123
NET INTEREST INCOME	15,899	13,072	30,662	25,263
Provision for Loan Losses	900	825	1,500	1,775
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	14,999	12,247	29,162	23,488
NONINTEREST INCOME
Customer Service Fees	185	157	355	309
Net Loss on Sales of Available for Sale Securities	(59)	(97)	(59)	(66)
Net Gain (Loss) on Sales of Foreclosed Assets	(141)	111	(137)	150
Other Income	500	315	713	573
Total Noninterest Income	485	486	872	966
NONINTEREST EXPENSE
Salaries and Employee Benefits	4,306	3,092	8,624	6,260
Occupancy and Equipment	597	510	1,171	1,059
Other Expense	1,561	1,669	3,201	3,206
Total Noninterest Expense	6,464	5,271	12,996	10,525
INCOME BEFORE INCOME TAXES	9,020	7,462	17,038	13,929
Provision for Income Taxes	2,274	2,665	4,342	5,049
NET INCOME	$ 6,746	$ 4,797	$ 12,696	$ 8,880
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.22	$ 0.20	$ 0.45	$ 0.36
Diluted (in dollars per share)	$ 0.22	$ 0.19	$ 0.45	$ 0.36

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Consolidated Statements of Comprehensive Income
Net Income	$ 6,746	$ 4,797	$ 12,696	$ 8,880
Other Comprehensive Income (Loss):
Unrealized Gains (Losses) on Available for Sale Securities	(151)	4,454	(4,298)	6,345
Unrealized Gains (Losses) on Cash Flow Hedge	31	(37)	150	12
Reclassification Adjustment for Losses Realized in Income	59	97	59	66
Income Tax Impact	13	(1,580)	912	(2,248)
Total Other Comprehensive Income (Loss), Net of Tax	(48)	2,934	(3,177)	4,175
Comprehensive Income	$ 6,698	$ 7,731	$ 9,519	$ 13,055

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			104,000			104,000
Comprehensive Income (Loss)				8,880,000	4,175,000	13,055,000
Balance at the end at Jun. 30, 2017	$ 207,000	$ 38,000	65,881,000	61,499,000	900,000	128,525,000
Balance at the end (in shares) at Jun. 30, 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			389,000			389,000
Comprehensive Income (Loss)				12,696,000	(3,177,000)	9,519,000
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 Jun. 30, 2018	$ 272,000	$ 28,000	$ 125,516,000	$ 82,010,000	$ (1,899,000)	$ 205,927,000
Balance at the end (in shares) at Jun. 30, 2018	27,235,832	2,823,542

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 12,696	$ 8,880
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net Amortization on Securities Available for Sale	1,638	1,399
Net Loss on Sales of Securities Available for Sale	59	66
Provision for Loan Losses	1,500	1,775
Depreciation and Amortization of Premises and Equipment	368	336
Amortization of Other Intangible Assets	95	95
Amortization of Subordinated Debt Issuance Costs	51
Net (Gain) Loss on Sale of Foreclosed Assets	137	(150)
Stock-based Compensation	389	104
Changes in Operating Assets and Liabilities:
Accrued Interest Receivable and Other Assets	(4,692)	(476)
Accrued Interest Payable and Other Liabilities	149	421
Net Cash Provided by Operating Activities	12,390	12,450
CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) Decrease in Bank-owned Certificates of Deposit	(731)	146
Proceeds from Sales of Securities Available for Sale	10,950	6,624
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale	12,539	13,168
Purchases of Securities Available for Sale	(46,004)	(30,732)
Net Increase in Loans	(116,589)	(172,334)
Net (Increase) Decrease in FHLB Stock	(147)	563
Purchases of Premises and Equipment	(710)	(965)
Proceeds from Sales of Foreclosed Assets	296	2,860
Net Cash Used in Investing Activities	(140,396)	(180,670)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in Deposits	75,341	198,532
Net Decrease in Federal Funds Purchased	(23,000)	(19,000)
Principal Payments on Notes Payable	(1,000)	(1,000)
Proceeds from FHLB Advances	20,000	4,000
Principal Payments on FHLB Advances	(4,000)	(9,000)
Issuance of Common Stock	58,857
Net Cash Provided by Financing Activities	126,198	173,532
NET CHANGE IN CASH AND CASH EQUIVALENTS	(1,808)	5,312
Cash and Cash Equivalents Beginning	23,725	16,499
Cash and Cash Equivalents Ending	21,917	21,811
SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash Paid for Interest	8,320	5,100
Cash Paid for Income Taxes	$ 3,325	5,460
Loans Transferred to Foreclosed Assets		$ 689

Description of the Business and

Description of the Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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. In 2018, the Bank formed Bridgewater Investment Management, Inc., a wholly owned subsidiary of the Bank, for the purpose of holding certain municipal securities and to engage in municipal lending activities. Bridgewater Risk Management was incorporated in December 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 six-month period ended June 30, 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 May 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017‑09, Compensation – Stock Compensation (Topic 718) (“ASU 2017-09”). ASU 2017-09 provides clarity about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The Company did not modify any share-based payment awards, thus, the impact of adopting the new standard had no impact on the Company’s consolidated financial statements. In February 2018, the FASB issued ASU 2018‑02, Income Statement-Reporting Comprehensive Income (Topic 220) (“ASU 2018-02”): 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 shareholders’ equity as of and for the six months ended June 30, 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’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 significant 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 2017‑04, 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 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	6 Months Ended
	Jun. 30, 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 and six months ended June 30, 2018 and 2017: Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Net Income Available to Common Shareholders $ 6,746 $ 4,797 $ 12,696 $ 8,880 Weighted Average Common Stock Outstanding: Weighted Average Common Stock Outstanding (Basic) 30,059,374 24,589,861 27,919,457 24,589,861 Stock Options 427,427 219,208 426,387 219,208 Weighted Average Common Stock Outstanding (Dilutive) 30,486,801 24,809,069 28,345,844 24,809,069 Basic Earnings per Common Share $ 0.22 $ 0.20 $ 0.45 $ 0.36 Diluted Earnings per Common Share 0.22 0.19 0.45 0.36

Securities

Securities	6 Months Ended
	Jun. 30, 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 June 30, 2018 and December 31, 2017: June 30, 2018 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Securities Available for Sale: U.S. Treasury Securities $ 9,908 $ — $ (5) $ 9,903 Municipal Bonds 125,800 1,288 (1,453) 125,635 Mortgage-Backed Securities 50,977 4 (2,054) 48,927 Corporate Securities 10,663 51 (77) 10,637 SBA Securities 51,620 21 (672) 50,969 Total Securities Available for Sale $ 248,968 $ 1,364 $ (4,261) $ 246,071 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 June 30, 2018 U.S. Treasury Securities $ 9,903 $ (5) $ — $ — $ 9,903 $ (5) Municipal Bonds 48,123 (645) 21,669 (808) 69,792 (1,453) Mortgage-Backed Securities 16,186 (426) 32,224 (1,628) 48,410 (2,054) Corporate Securities 1,946 (23) 1,995 (54) 3,941 (77) SBA Securities 37,604 (570) 4,590 (102) 42,194 (672) Total Securities Available for Sale $ 113,762 $ (1,669) $ 60,478 $ (2,592) $ 174,240 $ (4,261) 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 June 30, 2018, 213 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 June 30, 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 June 30, 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. June 30, 2018 Amortized Cost Fair Value Due in One Year or Less $ 1,381 $ 1,382 Due After One Year Through Five Years 24,961 25,044 Due After Five Years Through 10 Years 56,530 56,715 Due After 10 Years 63,499 63,034 Subtotal 146,371 146,175 Mortgage-Backed Securities 50,977 48,927 SBA Securities 51,620 50,969 Totals $ 248,968 $ 246,071 As of June 30, 2018, the securities portfolio was unencumbered. To increase on-balance sheet liquidity, all securities previously pledged to secure public deposits had the designation removed and an alternative means of permissible collateralization was utilized, primarily Federal Home Loan Bank letters of credit. 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 and six months ended June 30, 2018 and 2017: Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Proceeds From Sales of Securities $ 10,950 $ 6,059 $ 10,950 $ 6,624 Gross Gains on Sales 53 108 53 139 Gross Losses on Sales (112) (205) (112) (205)

Loans

Loans	6 Months Ended
	Jun. 30, 2018
Loans
Loans	Note 4: Loans The following table presents the components of loans at June 30, 2018 and December 31, 2017: June 30, December 31, 2018 2017 Commercial $ 204,072 $ 217,753 Construction and Land Development 164,492 130,586 Real Estate Mortgage: 1-4 Family Mortgage 213,265 195,707 Multifamily 340,888 317,872 CRE Owner Occupied 65,891 65,909 CRE Non-owner Occupied 470,437 415,034 Total Real Estate Mortgage Loans 1,090,481 994,522 Consumer and Other 4,275 4,252 Total Loans, Gross 1,463,320 1,347,113 Net Deferred Loan Fees (4,058) (4,104) Allowance for Loan Losses (17,666) (16,502) Total Loans, Net $ 1,441,596 $ 1,326,507 The following table presents the activity in the allowance for loan losses, by segment, for the three months ended June 30, 2018 and 2017: Construction CRE CRE and Land 1-‑4 Family Owner Non‑owner Consumer Three Months Ended June 30, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: Beginning Balance $ 2,225 $ 1,765 $ 2,418 $ 3,476 $ 914 $ 5,407 $ 50 $ 866 $ 17,121 Provision for Loan Losses 21 557 146 76 (91) 204 10 (23) 900 Loans Charged-off — (357) — — — — (4) — (361) Recoveries of Loans 2 — 3 — — — 1 — 6 Total Ending Allowance Balance 2,248 1,965 2,567 3,552 823 5,611 57 843 17,666 Three Months Ended June 30, 2017 Allowance for Loan Losses: Beginning Balance $ 1,437 $ 1,549 $ 2,407 $ 2,053 $ 1,213 $ 3,660 $ 74 $ 823 $ 13,216 Provision for Loan Losses 104 55 (316) 4 (82) 689 (1) 372 825 Loans Charged-off — — — — — — (3) — (3) Recoveries of Loans 1 — 11 — — — 3 — 15 Total Ending Allowance Balance 1,542 1,604 2,102 2,057 1,131 4,349 73 1,195 14,053 The following table presents the activity in the allowance for loan losses, by segment, for the six months ended June 30, 2018 and 2017: Construction CRE CRE and Land 1-‑4 Family Owner Non‑owner Consumer Six Months Ended June 30, 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 (209) 430 237 382 (133) 524 11 258 1,500 Loans Charged-off — (357) — — — — (16) — (373) Recoveries of Loans 22 — 13 — — — 2 — 37 Total Ending Allowance Balance 2,248 1,965 2,567 3,552 823 5,611 57 843 17,666 Six Months Ended June 30, 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 226 223 (329) 489 (29) 1,100 — 95 1,775 Loans Charged-off (1) — — — — (74) (8) — (83) Recoveries of Loans 2 2 21 — — — 3 — 28 Total Ending Allowance Balance 1,542 1,604 2,102 2,057 1,131 4,349 73 1,195 14,053 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 June 30, 2018 and December 31, 2017: Construction CRE CRE and Land 1-‑4 Family Owner Non‑owner Consumer Allowance for Loan Losses at June 30, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Individually Evaluated for Impairment $ 14 $ 3 $ 46 $ — $ 23 $ — $ — $ — $ 86 Collectively Evaluated for Impairment 2,234 1,962 2,521 3,552 800 5,611 57 843 17,580 Totals $ 2,248 $ 1,965 $ 2,567 $ 3,552 $ 823 $ 5,611 $ 57 $ 843 $ 17,666 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 June 30, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Total Individually Evaluated for Impairment $ 14 $ 212 $ 1,912 $ 65 $ 664 $ — $ 66 $ 2,933 Collectively Evaluated for Impairment 204,058 164,280 211,353 340,823 65,227 470,437 4,209 1,460,387 Totals $ 204,072 $ 164,492 $ 213,265 $ 340,888 $ 65,891 $ 470,437 $ 4,275 $ 1,463,320 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 table presents information regarding total carrying amounts and total unpaid principal balances of impaired loans by loan segment as of June 30, 2018 and December 31, 2017: June 30, 2018 December 31, 2017 Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance Loans With No Related Allowance for Loan Losses: Construction and Land Development $ — $ — $ — $ 583 $ 833 $ — Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 494 494 — 508 515 — 1st REM - 1-4 Family 374 374 — 125 125 — 1st REM - Rentals 980 980 — 726 726 — Multifamily 65 65 — — — — CRE Owner Occupied 506 506 — 2,006 2,023 — Consumer and Other 66 84 — 75 92 — Totals 2,485 2,503 — 4,023 4,314 — Loans With An Allowance for Loan Losses: Commercial 14 14 14 14 14 14 Construction and Land Development 212 821 3 — — — Real Estate Mortgage: LOCs and 2nd REM - Rentals 64 64 46 64 64 47 1st REM - Rentals — — — 270 270 10 Multifamily — — — 66 66 14 CRE Owner Occupied 158 158 23 159 159 24 Totals 448 1,057 86 573 573 109 Grand Totals $ 2,933 $ 3,560 $ 86 $ 4,596 $ 4,887 $ 109 The following table presents information regarding the average balances and interest income recognized on impaired loans by loan segment for the three and six months ended June 30, 2018 and 2017: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Average Interest Average Interest Average Interest Average Interest Investment Recognized Investment Recognized Investment Recognized Investment Recognized Loans With No Related Allowance for Loan Losses: Commercial $ — $ — $ 2,086 $ 25 $ — $ — $ 2,005 $ 43 Construction and Land Development — — 745 2 — — 748 3 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage $ 506 1 $ 262 4 $ 509 $ 4 $ 263 $ 7 1st REM - 1-4 Family 376 5 792 — 378 5 798 — 1st REM - Rentals 981 11 995 12 986 24 999 25 Multifamily 65 1 — — 33 1 — — CRE Owner Occupied 512 7 1,850 20 518 14 989 27 Consumer and Other 67 — — — 69 — — — Totals 2,507 25 6,730 63 2,493 48 5,802 105 Loans With An Allowance for Loan Losses: Commercial 14 — — — 14 — — — Construction and Land Development 216 — 10 — 110 — 10 — Real Estate Mortgage: LOCs and 2nd REM - Rentals 64 1 65 1 64 2 65 1 1st REM - Rentals — — 278 3 67 1 279 5 Multifamily — — 66 1 33 1 66 1 CRE Owner Occupied 158 2 161 2 158 4 161 2 Consumer and Other — — 84 1 — — 85 2 Totals 452 3 664 8 445 8 666 11 Grand Totals $ 2,959 $ 28 $ 7,394 $ 71 $ 2,938 $ 56 $ 6,468 $ 116 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 June 30, 2018 and December 31, 2017, based on the most recent analysis performed by management: June 30, 2018 Pass Watch Substandard Total Commercial $ 203,439 $ 614 $ 19 $ 204,072 Construction and Land Development 161,464 2,816 212 164,492 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 31,459 587 — 32,046 1st REM - 1-4 Family 34,575 621 374 35,570 LOCs and 2nd REM - Rentals 9,307 2,258 558 12,123 1st REM - Rentals 132,546 — 980 133,526 Multifamily 340,823 — 65 340,888 CRE Owner Occupied 58,361 5,136 2,394 65,891 CRE Non-owner Occupied 467,027 3,252 158 470,437 Consumer and Other 4,209 — 66 4,275 Totals $ 1,443,210 $ 15,284 $ 4,826 $ 1,463,320 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 June 30, 2018 and December 31, 2017: Accruing Interest 30-89 Days 90 Days or June 30, 2018 Current Past Due More Past Due Nonaccrual Total Commercial $ 204,045 $ 13 $ — $ 14 $ 204,072 Construction and Land Development 164,280 — — 212 164,492 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 31,711 — — 335 32,046 1st REM - 1-4 Family 35,451 — — 119 35,570 LOCs and 2nd REM - Rentals 11,964 159 — — 12,123 1st REM - Rentals 133,060 466 — — 133,526 Multifamily 340,888 — — — 340,888 CRE Owner Occupied 65,891 — — — 65,891 CRE Non-owner Occupied 470,437 — — — 470,437 Consumer and Other 4,202 7 — 66 4,275 Totals $ 1,461,929 $ 645 $ — $ 746 $ 1,463,320 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 June 30, 2018, there were four loans classified as troubled debt restructurings with a current outstanding balance of $582,000. 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 six month period ended June 30, 2018 and no loans classified as troubled debt restructurings during the previous twelve months that subsequently defaulted during the six months ended June 30, 2018.

Deposits

Deposits	6 Months Ended
	Jun. 30, 2018
Deposits.
Deposits	Note 5: Deposits The following table presents the composition of deposits at June 30, 2018 and December 31, 2017: June 30, December 31, 2018 2017 Transaction Deposits $ 501,365 $ 469,831 Savings and Money Market Deposits 381,942 369,942 Brokered Deposits 230,683 207,481 Time Deposits 300,701 292,096 Totals $ 1,414,691 $ 1,339,350

Subordinated Debentures

Subordinated Debentures	6 Months Ended
	Jun. 30, 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 $25.0 million 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 $516,000 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 and six months ended June 30, 2018 was $26,000 and $51,000, with $422,000 remaining to be amortized as of June 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 2018 and December 31, 2017: June 30, December 31, 2018 2017 Unfunded Commitments Under Lines of Credit $ 413,135 $ 309,513 Letters of Credit 73,655 64,546 Totals $ 486,790 $ 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	6 Months Ended
	Jun. 30, 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 June 30, 2018, there were 638,000 of unissued shares of the Company’s common stock authorized for option grants under the 2017 Plan. 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. June 30, 2018 Dividend Yield — % Expected Life 7 Years Expected Volatility 21.84 % Risk-Free Interest Rate 2.90 % The following table presents a summary of the status of the Company’s stock option plans for the six months ended June 30, 2018: June 30, 2018 Weighted Average Shares Exercise Price Outstanding at Beginning of Year 1,721,000 $ 5.68 Granted 30,000 12.31 Exercised — — Forfeitures (4,000) 7.47 Outstanding at Period End 1,747,000 $ 5.79 Options Exercisable at Period End 551,000 $ 2.85 For the three months ended June 30, 2018 and 2017, the Company recognized compensation expense for stock options of $190 and $52, respectively. For the six months ended June 30, 2018 and 2017, the Company recognized compensation expense for stock options of $389 and $104, respectively. The following table presents information pertaining to options outstanding at June 30, 2018: Options Outstanding Options Exercisable Number Remaining Number Exercise Price Outstanding Contractual Life Exercise Price Outstanding $ 1.65 15,000 3.4 Years $ 1.65 15,000 2.13 90,000 4.8 Years 2.13 90,000 3.00 520,000 5.5 Years 3.00 416,000 3.58 50,000 6.5 Years 3.58 30,000 7.47 1,042,000 9.3 Years 7.47 — 7.78 5,000 9.6 Years 7.78 — 13.22 25,000 9.9 Years 13.22 — Totals 1,747,000 7.8 Years $ 5.79 $ 551,000 As of June 30, 2018, there was $2,698 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the 2017 Plan that 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 six months ended June 30, 2018: Weighted Number of Average Grant Shares Date Fair Value Nonvested Options at December 31, 2017 1,302,000 $ 2.55 Granted 30,000 3.91 Vested (132,000) 1.49 Forfeited (4,000) 2.80 Nonvested Options at June 30, 2018 1,196,000 $ 2.70

Regulatory Capital

Regulatory Capital	6 Months Ended
	Jun. 30, 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 classifications 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 Capital 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 June 30, 2018 and December 31, 2017: To be Well Capitalized For Capital Adequacy Under Prompt Corrective Actual Purposes Action Regulations June 30, 2018 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Company (Consolidated): Total Risk-Based Capital $ 246,657 15.80 % $ 124,863 8.00 % N/A N/A Tier 1 Risk-Based Capital 204,053 13.07 93,647 6.00 N/A N/A Common Equity Tier 1 Capital 204,053 13.07 70,235 4.50 N/A N/A Leverage Ratio 204,053 11.92 68,462 4.00 N/A N/A Bank: Total Risk-Based Capital $ 211,313 13.60 % $ 124,325 8.00 % $ 155,407 10.00 % Tier 1 Risk-Based Capital 193,287 12.44 93,244 6.00 124,325 8.00 Common Equity Tier 1 Capital 193,287 12.44 69,933 4.50 101,014 6.50 Leverage Ratio 193,287 11.32 68,321 4.00 85,401 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	6 Months Ended
	Jun. 30, 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 June 30, 2018 and December 31, 2017: June 30, 2018 Level 1 Level 2 Level 3 Total Securities Available for Sale: U.S. Treasury Securities $ — $ 9,903 $ — $ 9,903 Municipal Bonds — 125,635 — 125,635 Mortgage-Backed Securities — 48,927 — 48,927 Corporate Securities — 10,637 — 10,637 SBA Securities — 50,969 — 50,969 Interest Rate Swap — 494 — 494 Totals $ — $ 246,565 $ — $ 246,565 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 June 30, 2018 and December 31, 2017: June 30, 2018 Level 1 Level 2 Level 3 Loss Impaired Loans $ — $ 362 $ — $ 429 Foreclosed Assets — 148 141 Totals $ — $ 510 $ — $ 570 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 is measured on loans when 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. Foreclosed Assets Foreclosed assets are recorded at fair value based on property appraisals, less estimated selling costs, at the date of the transfer with any impairment amount charged to the allowance for loan losses. Subsequent to the transfer, foreclosed assets are carried at the lower of cost or fair value, less estimated selling costs with changes in fair value or any impairment amount recorded in other noninterest income. Values are estimated using Level 2 inputs based on customized discounting criteria. The carrying value of foreclosed assets is not re-measured to fair value on a recurring basis, but is subject to fair value adjustments when the carrying value exceeds the fair value, less estimated selling costs. 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 cash flow 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 June 30, 2018 and December 31, 2017: June 30, 2018 Fair Value Hierarchy Carrying Estimated Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and Due From Banks $ 21,917 $ 21,917 $ — $ — $ 21,917 Bank-Owned Certificates of Deposit 3,803 — 3,791 — 3,791 Securities Available for Sale 246,071 — 246,071 — 246,071 FHLB Stock, at Cost 5,294 — 5,294 — 5,294 Loans, Net 1,441,596 — 1,430,207 — 1,430,207 Accrued Interest Receivable 5,971 — 5,971 — 5,971 Interest Rate Swap 494 — 494 — 494 Financial Liabilities: Deposits $ 1,414,691 $ — $ 1,413,112 $ — $ 1,413,112 Federal Funds Purchased — — — — — Notes Payable 16,000 — 16,023 — 16,023 FHLB Advances 84,000 — 82,729 — 82,729 Subordinated Debentures 24,578 — 24,669 — 24,669 Accrued Interest Payable 1,502 — 1,502 — 1,502 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 June 30, 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.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2018
Subsequent Events
Subsequent Events	Note 11: Subsequent Events The Company intends to sign, in the near-term, an agreement with a general contractor for the construction of the Company’s corporate headquarters office building in St. Louis Park, Minnesota. The commitment under this contract will approximate $24 million. The Company anticipates entering into additional contracts to complete the build-out of the interior of the building. Costs associated with the construction of the building will be capitalized on the Company’s balance sheet and depreciated over the estimated life of the asset once placed in service.

Description of the Business a19

Description of the Business and Summary of Significant Accounting Policies (Policies )	6 Months Ended
	Jun. 30, 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 six-month period ended June 30, 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 Recent Accounting Standards	Impact of Recently Adopted Accounting Standards In May 2017, the Financial Accounting Standards Board (“FASB”) issued ASU 2017‑09, Compensation – Stock Compensation (Topic 718) (“ASU 2017-09”). ASU 2017-09 provides clarity about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The Company did not modify any share-based payment awards, thus, the impact of adopting the new standard had no impact on the Company’s consolidated financial statements. In February 2018, the FASB issued ASU 2018‑02, Income Statement-Reporting Comprehensive Income (Topic 220) (“ASU 2018-02”): 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 shareholders’ equity as of and for the six months ended June 30, 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’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 significant 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 2017‑04, 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 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)	6 Months Ended
	Jun. 30, 2018
Earnings Per Share
Schedule of numerators and denominators for basic and diluted earnings per share computations	Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Net Income Available to Common Shareholders $ 6,746 $ 4,797 $ 12,696 $ 8,880 Weighted Average Common Stock Outstanding: Weighted Average Common Stock Outstanding (Basic) 30,059,374 24,589,861 27,919,457 24,589,861 Stock Options 427,427 219,208 426,387 219,208 Weighted Average Common Stock Outstanding (Dilutive) 30,486,801 24,809,069 28,345,844 24,809,069 Basic Earnings per Common Share $ 0.22 $ 0.20 $ 0.45 $ 0.36 Diluted Earnings per Common Share 0.22 0.19 0.45 0.36

Securities (Tables)

Securities (Tables)	6 Months Ended
	Jun. 30, 2018
Securities
Summary of the amortized cost and estimated fair value of securities with gross unrealized gains and losses	June 30, 2018 Gross Gross Amortized Unrealized Unrealized Cost Gains Losses Fair Value Securities Available for Sale: U.S. Treasury Securities $ 9,908 $ — $ (5) $ 9,903 Municipal Bonds 125,800 1,288 (1,453) 125,635 Mortgage-Backed Securities 50,977 4 (2,054) 48,927 Corporate Securities 10,663 51 (77) 10,637 SBA Securities 51,620 21 (672) 50,969 Total Securities Available for Sale $ 248,968 $ 1,364 $ (4,261) $ 246,071 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 June 30, 2018 U.S. Treasury Securities $ 9,903 $ (5) $ — $ — $ 9,903 $ (5) Municipal Bonds 48,123 (645) 21,669 (808) 69,792 (1,453) Mortgage-Backed Securities 16,186 (426) 32,224 (1,628) 48,410 (2,054) Corporate Securities 1,946 (23) 1,995 (54) 3,941 (77) SBA Securities 37,604 (570) 4,590 (102) 42,194 (672) Total Securities Available for Sale $ 113,762 $ (1,669) $ 60,478 $ (2,592) $ 174,240 $ (4,261) 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	June 30, 2018 Amortized Cost Fair Value Due in One Year or Less $ 1,381 $ 1,382 Due After One Year Through Five Years 24,961 25,044 Due After Five Years Through 10 Years 56,530 56,715 Due After 10 Years 63,499 63,034 Subtotal 146,371 146,175 Mortgage-Backed Securities 50,977 48,927 SBA Securities 51,620 50,969 Totals $ 248,968 $ 246,071
Summary of the proceeds from sales of securities available for sale, as well as gross gains and losses	Three Months Ended Six Months Ended June 30, June 30, 2018 2017 2018 2017 Proceeds From Sales of Securities $ 10,950 $ 6,059 $ 10,950 $ 6,624 Gross Gains on Sales 53 108 53 139 Gross Losses on Sales (112) (205) (112) (205)

Loans (Tables)

Loans (Tables)	6 Months Ended
	Jun. 30, 2018
Loans
Summary of components of loans	June 30, December 31, 2018 2017 Commercial $ 204,072 $ 217,753 Construction and Land Development 164,492 130,586 Real Estate Mortgage: 1-4 Family Mortgage 213,265 195,707 Multifamily 340,888 317,872 CRE Owner Occupied 65,891 65,909 CRE Non-owner Occupied 470,437 415,034 Total Real Estate Mortgage Loans 1,090,481 994,522 Consumer and Other 4,275 4,252 Total Loans, Gross 1,463,320 1,347,113 Net Deferred Loan Fees (4,058) (4,104) Allowance for Loan Losses (17,666) (16,502) Total Loans, Net $ 1,441,596 $ 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 June 30, 2018 and 2017: Construction CRE CRE and Land 1-‑4 Family Owner Non‑owner Consumer Three Months Ended June 30, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: Beginning Balance $ 2,225 $ 1,765 $ 2,418 $ 3,476 $ 914 $ 5,407 $ 50 $ 866 $ 17,121 Provision for Loan Losses 21 557 146 76 (91) 204 10 (23) 900 Loans Charged-off — (357) — — — — (4) — (361) Recoveries of Loans 2 — 3 — — — 1 — 6 Total Ending Allowance Balance 2,248 1,965 2,567 3,552 823 5,611 57 843 17,666 Three Months Ended June 30, 2017 Allowance for Loan Losses: Beginning Balance $ 1,437 $ 1,549 $ 2,407 $ 2,053 $ 1,213 $ 3,660 $ 74 $ 823 $ 13,216 Provision for Loan Losses 104 55 (316) 4 (82) 689 (1) 372 825 Loans Charged-off — — — — — — (3) — (3) Recoveries of Loans 1 — 11 — — — 3 — 15 Total Ending Allowance Balance 1,542 1,604 2,102 2,057 1,131 4,349 73 1,195 14,053 The following table presents the activity in the allowance for loan losses, by segment, for the six months ended June 30, 2018 and 2017: Construction CRE CRE and Land 1-‑4 Family Owner Non‑owner Consumer Six Months Ended June 30, 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 (209) 430 237 382 (133) 524 11 258 1,500 Loans Charged-off — (357) — — — — (16) — (373) Recoveries of Loans 22 — 13 — — — 2 — 37 Total Ending Allowance Balance 2,248 1,965 2,567 3,552 823 5,611 57 843 17,666 Six Months Ended June 30, 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 226 223 (329) 489 (29) 1,100 — 95 1,775 Loans Charged-off (1) — — — — (74) (8) — (83) Recoveries of Loans 2 2 21 — — — 3 — 28 Total Ending Allowance Balance 1,542 1,604 2,102 2,057 1,131 4,349 73 1,195 14,053 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 June 30, 2018 and December 31, 2017: Construction CRE CRE and Land 1-‑4 Family Owner Non‑owner Consumer Allowance for Loan Losses at June 30, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Individually Evaluated for Impairment $ 14 $ 3 $ 46 $ — $ 23 $ — $ — $ — $ 86 Collectively Evaluated for Impairment 2,234 1,962 2,521 3,552 800 5,611 57 843 17,580 Totals $ 2,248 $ 1,965 $ 2,567 $ 3,552 $ 823 $ 5,611 $ 57 $ 843 $ 17,666 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 June 30, 2018 Commercial Development Mortgage Multifamily Occupied Occupied and Other Total Individually Evaluated for Impairment $ 14 $ 212 $ 1,912 $ 65 $ 664 $ — $ 66 $ 2,933 Collectively Evaluated for Impairment 204,058 164,280 211,353 340,823 65,227 470,437 4,209 1,460,387 Totals $ 204,072 $ 164,492 $ 213,265 $ 340,888 $ 65,891 $ 470,437 $ 4,275 $ 1,463,320 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	The following table presents information regarding total carrying amounts and total unpaid principal balances of impaired loans by loan segment as of June 30, 2018 and December 31, 2017: June 30, 2018 December 31, 2017 Recorded Principal Related Recorded Principal Related Investment Balance Allowance Investment Balance Allowance Loans With No Related Allowance for Loan Losses: Construction and Land Development $ — $ — $ — $ 583 $ 833 $ — Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 494 494 — 508 515 — 1st REM - 1-4 Family 374 374 — 125 125 — 1st REM - Rentals 980 980 — 726 726 — Multifamily 65 65 — — — — CRE Owner Occupied 506 506 — 2,006 2,023 — Consumer and Other 66 84 — 75 92 — Totals 2,485 2,503 — 4,023 4,314 — Loans With An Allowance for Loan Losses: Commercial 14 14 14 14 14 14 Construction and Land Development 212 821 3 — — — Real Estate Mortgage: LOCs and 2nd REM - Rentals 64 64 46 64 64 47 1st REM - Rentals — — — 270 270 10 Multifamily — — — 66 66 14 CRE Owner Occupied 158 158 23 159 159 24 Totals 448 1,057 86 573 573 109 Grand Totals $ 2,933 $ 3,560 $ 86 $ 4,596 $ 4,887 $ 109 The following table presents information regarding the average balances and interest income recognized on impaired loans by loan segment for the three and six months ended June 30, 2018 and 2017: Three Months Ended June 30, Six Months Ended June 30, 2018 2017 2018 2017 Average Interest Average Interest Average Interest Average Interest Investment Recognized Investment Recognized Investment Recognized Investment Recognized Loans With No Related Allowance for Loan Losses: Commercial $ — $ — $ 2,086 $ 25 $ — $ — $ 2,005 $ 43 Construction and Land Development — — 745 2 — — 748 3 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage $ 506 1 $ 262 4 $ 509 $ 4 $ 263 $ 7 1st REM - 1-4 Family 376 5 792 — 378 5 798 — 1st REM - Rentals 981 11 995 12 986 24 999 25 Multifamily 65 1 — — 33 1 — — CRE Owner Occupied 512 7 1,850 20 518 14 989 27 Consumer and Other 67 — — — 69 — — — Totals 2,507 25 6,730 63 2,493 48 5,802 105 Loans With An Allowance for Loan Losses: Commercial 14 — — — 14 — — — Construction and Land Development 216 — 10 — 110 — 10 — Real Estate Mortgage: LOCs and 2nd REM - Rentals 64 1 65 1 64 2 65 1 1st REM - Rentals — — 278 3 67 1 279 5 Multifamily — — 66 1 33 1 66 1 CRE Owner Occupied 158 2 161 2 158 4 161 2 Consumer and Other — — 84 1 — — 85 2 Totals 452 3 664 8 445 8 666 11 Grand Totals $ 2,959 $ 28 $ 7,394 $ 71 $ 2,938 $ 56 $ 6,468 $ 116
Summary of risk category of loans by loan segment, based on the most recent analysis performed by management	June 30, 2018 Pass Watch Substandard Total Commercial $ 203,439 $ 614 $ 19 $ 204,072 Construction and Land Development 161,464 2,816 212 164,492 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 31,459 587 — 32,046 1st REM - 1-4 Family 34,575 621 374 35,570 LOCs and 2nd REM - Rentals 9,307 2,258 558 12,123 1st REM - Rentals 132,546 — 980 133,526 Multifamily 340,823 — 65 340,888 CRE Owner Occupied 58,361 5,136 2,394 65,891 CRE Non-owner Occupied 467,027 3,252 158 470,437 Consumer and Other 4,209 — 66 4,275 Totals $ 1,443,210 $ 15,284 $ 4,826 $ 1,463,320 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 June 30, 2018 Current Past Due More Past Due Nonaccrual Total Commercial $ 204,045 $ 13 $ — $ 14 $ 204,072 Construction and Land Development 164,280 — — 212 164,492 Real Estate Mortgage: HELOC and 1-4 Family Junior Mortgage 31,711 — — 335 32,046 1st REM - 1-4 Family 35,451 — — 119 35,570 LOCs and 2nd REM - Rentals 11,964 159 — — 12,123 1st REM - Rentals 133,060 466 — — 133,526 Multifamily 340,888 — — — 340,888 CRE Owner Occupied 65,891 — — — 65,891 CRE Non-owner Occupied 470,437 — — — 470,437 Consumer and Other 4,202 7 — 66 4,275 Totals $ 1,461,929 $ 645 $ — $ 746 $ 1,463,320 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)	6 Months Ended
	Jun. 30, 2018
Deposits.
Schedule of composition of deposits	June 30, December 31, 2018 2017 Transaction Deposits $ 501,365 $ 469,831 Savings and Money Market Deposits 381,942 369,942 Brokered Deposits 230,683 207,481 Time Deposits 300,701 292,096 Totals $ 1,414,691 $ 1,339,350

Commitments, Contingencies an24

Commitments, Contingencies and Credit Risk (Tables)	6 Months Ended
	Jun. 30, 2018
Commitments, Contingencies and Credit Risk
Schedule of commitments outstanding	June 30, December 31, 2018 2017 Unfunded Commitments Under Lines of Credit $ 413,135 $ 309,513 Letters of Credit 73,655 64,546 Totals $ 486,790 $ 374,059

Stock Options (Tables)

Stock Options (Tables)	6 Months Ended
	Jun. 30, 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	June 30, 2018 Dividend Yield — % Expected Life 7 Years Expected Volatility 21.84 % Risk-Free Interest Rate 2.90 %
Summary of the status of the Company’s stock option plans	June 30, 2018 Weighted Average Shares Exercise Price Outstanding at Beginning of Year 1,721,000 $ 5.68 Granted 30,000 12.31 Exercised — — Forfeitures (4,000) 7.47 Outstanding at Period End 1,747,000 $ 5.79 Options Exercisable at Period End 551,000 $ 2.85
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 3.4 Years $ 1.65 15,000 2.13 90,000 4.8 Years 2.13 90,000 3.00 520,000 5.5 Years 3.00 416,000 3.58 50,000 6.5 Years 3.58 30,000 7.47 1,042,000 9.3 Years 7.47 — 7.78 5,000 9.6 Years 7.78 — 13.22 25,000 9.9 Years 13.22 — Totals 1,747,000 7.8 Years $ 5.79 $ 551,000
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 30,000 3.91 Vested (132,000) 1.49 Forfeited (4,000) 2.80 Nonvested Options at June 30, 2018 1,196,000 $ 2.70

Regulatory Capital (Tables)

Regulatory Capital (Tables)	6 Months Ended
	Jun. 30, 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 June 30, 2018 Amount Ratio Amount Ratio Amount Ratio (dollars in thousands) Company (Consolidated): Total Risk-Based Capital $ 246,657 15.80 % $ 124,863 8.00 % N/A N/A Tier 1 Risk-Based Capital 204,053 13.07 93,647 6.00 N/A N/A Common Equity Tier 1 Capital 204,053 13.07 70,235 4.50 N/A N/A Leverage Ratio 204,053 11.92 68,462 4.00 N/A N/A Bank: Total Risk-Based Capital $ 211,313 13.60 % $ 124,325 8.00 % $ 155,407 10.00 % Tier 1 Risk-Based Capital 193,287 12.44 93,244 6.00 124,325 8.00 Common Equity Tier 1 Capital 193,287 12.44 69,933 4.50 101,014 6.50 Leverage Ratio 193,287 11.32 68,321 4.00 85,401 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)	6 Months Ended
	Jun. 30, 2018
Fair Value Measurement
Summary of balances of the assets and liabilities measured at fair value on a recurring basis	June 30, 2018 Level 1 Level 2 Level 3 Total Securities Available for Sale: U.S. Treasury Securities $ — $ 9,903 $ — $ 9,903 Municipal Bonds — 125,635 — 125,635 Mortgage-Backed Securities — 48,927 — 48,927 Corporate Securities — 10,637 — 10,637 SBA Securities — 50,969 — 50,969 Interest Rate Swap — 494 — 494 Totals $ — $ 246,565 $ — $ 246,565 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	June 30, 2018 Level 1 Level 2 Level 3 Loss Impaired Loans $ — $ 362 $ — $ 429 Foreclosed Assets — 148 141 Totals $ — $ 510 $ — $ 570 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	June 30, 2018 Fair Value Hierarchy Carrying Estimated Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and Due From Banks $ 21,917 $ 21,917 $ — $ — $ 21,917 Bank-Owned Certificates of Deposit 3,803 — 3,791 — 3,791 Securities Available for Sale 246,071 — 246,071 — 246,071 FHLB Stock, at Cost 5,294 — 5,294 — 5,294 Loans, Net 1,441,596 — 1,430,207 — 1,430,207 Accrued Interest Receivable 5,971 — 5,971 — 5,971 Interest Rate Swap 494 — 494 — 494 Financial Liabilities: Deposits $ 1,414,691 $ — $ 1,413,112 $ — $ 1,413,112 Federal Funds Purchased — — — — — Notes Payable 16,000 — 16,023 — 16,023 FHLB Advances 84,000 — 82,729 — 82,729 Subordinated Debentures 24,578 — 24,669 — 24,669 Accrued Interest Payable 1,502 — 1,502 — 1,502 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 a28

Description of the Business and Summary of Significant Accounting Policies (Details) - USD ($)	Mar. 16, 2018	Jun. 30, 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		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Earnings Per Share
Net Income Available to Common Shareholders	$ 6,746	$ 4,797	$ 12,696	$ 8,880
Weighted Average Common Stock Outstanding:
Weighted Average Common Stock Outstanding (Basic)	30,059,374	24,589,861	27,919,457	24,589,861
Stock Options	427,427	219,208	426,387	219,208
Weighted Average Common Stock Outstanding (Dilutive)	30,486,801	24,809,069	28,345,844	24,809,069
Basic Earnings per Common Share (in dollars per share)	$ 0.22	$ 0.20	$ 0.45	$ 0.36
Diluted Earnings per Common Share (in dollars per share)	$ 0.22	$ 0.19	$ 0.45	$ 0.36

Securities - Securities Availab

Securities - Securities Available for Sale (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	$ 248,968	$ 228,149
Gross Unrealized Gains	1,364	3,338
Gross Unrealized Losses	(4,261)	(1,996)
Fair Value	246,071	229,491
U.S. Treasury Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	9,908
Gross Unrealized Losses	(5)
Fair Value	9,903
Municipal Bonds
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	125,800	115,784
Gross Unrealized Gains	1,288	3,005
Gross Unrealized Losses	(1,453)	(469)
Fair Value	125,635	118,320
Mortgage-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	50,977	61,945
Gross Unrealized Gains	4	11
Gross Unrealized Losses	(2,054)	(1,275)
Fair Value	48,927	60,681
Corporate Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	10,663	5,052
Gross Unrealized Gains	51	80
Gross Unrealized Losses	(77)	(25)
Fair Value	10,637	5,107
SBA Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	51,620	45,368
Gross Unrealized Gains	21	242
Gross Unrealized Losses	(672)	(227)
Fair Value	$ 50,969	$ 45,383

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 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	$ 113,762	$ 46,723
Less Than 12 Months, Unrealized Losses	(1,669)	(383)
12 Months or Greater, Fair Value	60,478	68,714
12 Months or Greater, Unrealized Losses	(2,592)	(1,613)
Fair Value	174,240	115,437
Unrealized Losses	$ (4,261)	$ (1,996)
Number of debt securities with unrealized losses | security	213	133
Percentage of aggregate depreciation from amortized cost basis	2.00%	1.00%
U.S. Treasury 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	$ 9,903
Less Than 12 Months, Unrealized Losses	(5)
Fair Value	9,903
Unrealized Losses	(5)
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	48,123	$ 15,043
Less Than 12 Months, Unrealized Losses	(645)	(89)
12 Months or Greater, Fair Value	21,669	21,111
12 Months or Greater, Unrealized Losses	(808)	(380)
Fair Value	69,792	36,154
Unrealized Losses	(1,453)	(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	16,186	16,046
Less Than 12 Months, Unrealized Losses	(426)	(105)
12 Months or Greater, Fair Value	32,224	41,800
12 Months or Greater, Unrealized Losses	(1,628)	(1,170)
Fair Value	48,410	57,846
Unrealized Losses	(2,054)	(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	1,946
Less Than 12 Months, Unrealized Losses	(23)
12 Months or Greater, Fair Value	1,995	2,028
12 Months or Greater, Unrealized Losses	(54)	(25)
Fair Value	3,941	2,028
Unrealized Losses	(77)	(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	37,604	15,634
Less Than 12 Months, Unrealized Losses	(570)	(189)
12 Months or Greater, Fair Value	4,590	3,775
12 Months or Greater, Unrealized Losses	(102)	(38)
Fair Value	42,194	19,409
Unrealized Losses	$ (672)	$ (227)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) $ in Thousands	Jun. 30, 2018USD ($)
Contractual maturities, amortized cost
Due in One Year or Less	$ 1,381
Due After One Year Through Five Years	24,961
Due After Five Years Through 10 Years	56,530
Due After 10 Years	63,499
Subtotal	146,371
Totals	248,968
Contractual maturities, fair value
Due in One Year or Less	1,382
Due After One Year Through Five Years	25,044
Due After Five Years Through 10 Years	56,715
Due After 10 Years	63,034
Subtotal	146,175
Totals	246,071
Mortgage-Backed Securities
Contractual maturities, amortized cost
Contractual securities	50,977
Contractual maturities, fair value
Contractual securities	48,927
SBA Securities
Contractual maturities, amortized cost
Contractual securities	51,620
Contractual maturities, fair value
Contractual securities	$ 50,969

Securities - Available for Sale

Securities - Available for Sale Securities Gross Realized Gain Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Securities
Amortized cost of securities pledged to secure public deposits and for other purposes required or permitted by law					$ 79,400
Fair value of securities pledged to secure public deposits and for other purposes required or permitted by law					$ 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	$ 10,950	$ 6,059	$ 10,950	$ 6,624
Gross Gains on Sales	53	108	53	139
Gross Losses on Sales	$ (112)	$ (205)	$ (112)	$ (205)

Loans - Components of loans (De

Loans - Components of loans (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016
Components of loans
Total Loans, Gross	$ 1,463,320		$ 1,347,113
Net Deferred Loan Fees	(4,058)		(4,104)
Allowance for Loan Losses	(17,666)	$ (17,121)	(16,502)	$ (14,053)	$ (13,216)	$ (12,333)
Total Loans, Net	1,441,596		1,326,507
Commercial
Components of loans
Total Loans, Gross	204,072		217,753
Allowance for Loan Losses	(2,248)	(2,225)	(2,435)	(1,542)	(1,437)	(1,315)
Construction and Land Development
Components of loans
Total Loans, Gross	164,492		130,586
Allowance for Loan Losses	(1,965)	(1,765)	(1,892)	(1,604)	(1,549)	(1,379)
Real Estate Mortgage
Components of loans
Total Loans, Gross	1,090,481		994,522
1-4 Family Mortgage
Components of loans
Total Loans, Gross	213,265		195,707
Allowance for Loan Losses	(2,567)	(2,418)	(2,317)	(2,102)	(2,407)	(2,410)
Multifamily
Components of loans
Total Loans, Gross	340,888		317,872
Allowance for Loan Losses	(3,552)	(3,476)	(3,170)	(2,057)	(2,053)	(1,568)
CRE Owner Occupied
Components of loans
Total Loans, Gross	65,891		65,909
Allowance for Loan Losses	(823)	(914)	(956)	(1,131)	(1,213)	(1,160)
CRE Non-owner Occupied
Components of loans
Total Loans, Gross	470,437		415,034
Allowance for Loan Losses	(5,611)	(5,407)	(5,087)	(4,349)	(3,660)	(3,323)
Consumer and other
Components of loans
Total Loans, Gross	4,275		4,252
Allowance for Loan Losses	$ (57)	$ (50)	$ (60)	$ (73)	$ (74)	$ (78)

Loans - Allowance for loan loss

Loans - Allowance for loan losses by segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017
Allowance for Loan Losses:
Beginning Balance	$ 17,121	$ 13,216	$ 16,502	$ 12,333
Provision for Loan Losses	900	825	1,500	1,775
Loans Charged-off	(361)	(3)	(373)	(83)
Recoveries of Loans	6	15	37	28
Total Ending Allowance Balance	17,666	14,053	17,666	14,053
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment					$ 86	$ 109
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment					17,580	16,393
Totals Allowance for Loan Losses and Loans	17,121	13,216	16,502	12,333	17,666	16,502
Loans, Individually Evaluated for Impairment					2,933	4,596
Loans, Collectively Evaluated for Impairment					1,460,387	1,342,517
Totals					1,463,320	1,347,113
Commercial
Allowance for Loan Losses:
Beginning Balance	2,225	1,437	2,435	1,315
Provision for Loan Losses	21	104	(209)	226
Loans Charged-off				(1)
Recoveries of Loans	2	1	22	2
Total Ending Allowance Balance	2,248	1,542	2,248	1,542
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					2,234	2,421
Totals Allowance for Loan Losses and Loans	2,225	1,437	2,435	1,315	2,248	2,435
Loans, Individually Evaluated for Impairment					14	14
Loans, Collectively Evaluated for Impairment					204,058	217,739
Totals					204,072	217,753
Construction and Land Development
Allowance for Loan Losses:
Beginning Balance	1,765	1,549	1,892	1,379
Provision for Loan Losses	557	55	430	223
Loans Charged-off	(357)		(357)
Recoveries of Loans				2
Total Ending Allowance Balance	1,965	1,604	1,965	1,604
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment					3
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment					1,962	1,892
Totals Allowance for Loan Losses and Loans	1,765	1,549	1,892	1,379	1,965	1,892
Loans, Individually Evaluated for Impairment					212	583
Loans, Collectively Evaluated for Impairment					164,280	130,003
Totals					164,492	130,586
1-4 Family Mortgage
Allowance for Loan Losses:
Beginning Balance	2,418	2,407	2,317	2,410
Provision for Loan Losses	146	(316)	237	(329)
Recoveries of Loans	3	11	13	21
Total Ending Allowance Balance	2,567	2,102	2,567	2,102
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment					46	57
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment					2,521	2,260
Totals Allowance for Loan Losses and Loans	2,418	2,407	2,317	2,410	2,567	2,317
Loans, Individually Evaluated for Impairment					1,912	1,693
Loans, Collectively Evaluated for Impairment					211,353	194,014
Totals					213,265	195,707
Multifamily
Allowance for Loan Losses:
Beginning Balance	3,476	2,053	3,170	1,568
Provision for Loan Losses	76	4	382	489
Total Ending Allowance Balance	3,552	2,057	3,552	2,057
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment						14
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment					3,552	3,156
Totals Allowance for Loan Losses and Loans	3,476	2,053	3,170	1,568	3,552	3,170
Loans, Individually Evaluated for Impairment					65	66
Loans, Collectively Evaluated for Impairment					340,823	317,806
Totals					340,888	317,872
CRE Owner Occupied
Allowance for Loan Losses:
Beginning Balance	914	1,213	956	1,160
Provision for Loan Losses	(91)	(82)	(133)	(29)
Total Ending Allowance Balance	823	1,131	823	1,131
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					800	932
Totals Allowance for Loan Losses and Loans	914	1,213	956	1,160	823	956
Loans, Individually Evaluated for Impairment					664	2,165
Loans, Collectively Evaluated for Impairment					65,227	63,744
Totals					65,891	65,909
CRE Non-owner Occupied
Allowance for Loan Losses:
Beginning Balance	5,407	3,660	5,087	3,323
Provision for Loan Losses	204	689	524	1,100
Loans Charged-off				(74)
Total Ending Allowance Balance	5,611	4,349	5,611	4,349
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment					5,611	5,087
Totals Allowance for Loan Losses and Loans	5,407	3,660	5,087	3,323	5,611	5,087
Loans, Collectively Evaluated for Impairment					470,437	415,034
Totals					470,437	415,034
Consumer and other
Allowance for Loan Losses:
Beginning Balance	50	74	60	78
Provision for Loan Losses	10	(1)	11
Loans Charged-off	(4)	(3)	(16)	(8)
Recoveries of Loans	1	3	2	3
Total Ending Allowance Balance	57	73	57	73
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment					57	60
Totals Allowance for Loan Losses and Loans	50	74	60	78	57	60
Loans, Individually Evaluated for Impairment					66	75
Loans, Collectively Evaluated for Impairment					4,209	4,177
Totals					4,275	4,252
Unallocated
Allowance for Loan Losses:
Beginning Balance	866	823	585	1,100
Provision for Loan Losses	(23)	372	258	95
Total Ending Allowance Balance	843	1,195	843	1,195
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment					843	585
Totals Allowance for Loan Losses and Loans	$ 866	$ 823	$ 585	$ 1,100	$ 843	$ 585

Loans - Impaired loans by loan

Loans - Impaired loans by loan segment (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	$ 2,485	$ 4,023
Loans With No Related Allowance for Loan Losses, Principal Balance	2,503	4,314
Total Recorded Investment	2,933	4,596
Total Principal Balance	3,560	4,887
Related Allowance	86	109
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment		583
Loans With No Related Allowance for Loan Losses, Principal Balance		833
Loans With An Allowance for Loan Losses, Recorded Investment	212
Loans With An Allowance for Loan Losses, Principal Balance	821
Related Allowance	3
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
Related Allowance	14	14
Real Estate Mortgage
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Recorded Investment	448	573
Loans With An Allowance for Loan Losses, Principal Balance	1,057	573
Related Allowance	86	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	494	515
1st REM - 1-4 Family
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	374	125
Loans With No Related Allowance for Loan Losses, Principal Balance	374	125
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
Related Allowance	46	47
1st REM - Rentals
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	980	726
Loans With No Related Allowance for Loan Losses, Principal Balance	980	726
Loans With An Allowance for Loan Losses, Recorded Investment		270
Loans With An Allowance for Loan Losses, Principal Balance		270
Related Allowance		10
Consumer and other
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	66	75
Loans With No Related Allowance for Loan Losses, Principal Balance	84	92
Multifamily
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	65
Loans With No Related Allowance for Loan Losses, Principal Balance	65
Loans With An Allowance for Loan Losses, Recorded Investment		66
Loans With An Allowance for Loan Losses, Principal Balance		66
Related Allowance		14
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	506	2,006
Loans With No Related Allowance for Loan Losses, Principal Balance	506	2,023
Loans With An Allowance for Loan Losses, Recorded Investment	158	159
Loans With An Allowance for Loan Losses, Principal Balance	158	159
Related Allowance	$ 23	$ 24

Loans - Average balances and in

Loans - Average balances and interest income recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	$ 2,507	$ 6,730	$ 2,493	$ 5,802
Loans With No Related Allowance for Loan Losses, Interest Recognized	25	63	48	105
Total Average Investment	2,959	7,394	2,938	6,468
Total Interest Recognized	28	71	56	116
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment		745		748
Loans With No Related Allowance for Loan Losses, Interest Recognized		2		3
Loans With An Allowance for Loan Losses, Average Investment	216	10	110	10
Commercial
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment		2,086		2,005
Loans With No Related Allowance for Loan Losses, Interest Recognized		25		43
Loans With An Allowance for Loan Losses, Average Investment			14
Total Average Investment	14
Real Estate Mortgage
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Average Investment	452	664	445	666
Loans With An Allowance for Loan Losses, Interest Recognized	3	8	8	11
HELOC and 1-4 Family Junior Mortgage
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	506	262	509	263
Loans With No Related Allowance for Loan Losses, Interest Recognized	1	4	4	7
1st REM - 1-4 Family
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	376	792	378	798
Loans With No Related Allowance for Loan Losses, Interest Recognized	5		5
LOCs and 2nd REM - Rentals
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Average Investment	64	65	64	65
Loans With An Allowance for Loan Losses, Interest Recognized	1	1	2	1
1st REM - Rentals
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	981	995	986	999
Loans With No Related Allowance for Loan Losses, Interest Recognized	11	12	24	25
Loans With An Allowance for Loan Losses, Average Investment		278	67	279
Loans With An Allowance for Loan Losses, Interest Recognized		3	1	5
Consumer and other
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	67		69
Loans With An Allowance for Loan Losses, Average Investment		84		85
Loans With An Allowance for Loan Losses, Interest Recognized		1		2
Multifamily
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	65		33
Loans With No Related Allowance for Loan Losses, Interest Recognized	1		1
Loans With An Allowance for Loan Losses, Average Investment		66	33	66
Loans With An Allowance for Loan Losses, Interest Recognized		1	1	1
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	512	1,850	518	989
Loans With No Related Allowance for Loan Losses, Interest Recognized	7	20	14	27
Loans With An Allowance for Loan Losses, Average Investment	158	161	158	161
Loans With An Allowance for Loan Losses, Interest Recognized	$ 2	$ 2	$ 4	$ 2

Loans - Risk category of loans

Loans - Risk category of loans by loan segment (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 1,463,320	$ 1,347,113
Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,443,210	1,336,305
Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	15,284	5,501
Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	4,826	5,307
Commercial
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	204,072	217,753
Commercial | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	203,439	217,739
Commercial | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	614
Commercial | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	19	14
Construction and Land Development
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	164,492	130,586
Construction and Land Development | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	161,464	130,003
Construction and Land Development | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	2,816
Construction and Land Development | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	212	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	32,046	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	31,459	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	587
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		347
1st REM - 1-4 Family
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	35,570	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	34,575	33,219
1st REM - 1-4 Family | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	621
1st REM - 1-4 Family | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	374	125
LOCs and 2nd REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	12,123	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	9,307	13,409
LOCs and 2nd REM - Rentals | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	2,258
LOCs and 2nd REM - Rentals | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	558	225
1st REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	133,526	120,144
1st REM - Rentals | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	132,546	118,891
1st REM - Rentals | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	980	1,253
Multifamily
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	340,888	317,872
Multifamily | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	340,823	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	65,891	65,909
CRE Owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	58,361	63,290
CRE Owner Occupied | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	5,136
CRE Owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	2,394	2,619
CRE Non-owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	470,437	415,034
CRE Non-owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	467,027	409,533
CRE Non-owner Occupied | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	3,252	5,501
CRE Non-owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	158
Consumer and other
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	4,275	4,252
Consumer and other | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	4,209	4,177
Consumer and other | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 66	$ 75

Loans - Recorded investment in

Loans - Recorded investment in past due loans by loan segment (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	$ 1,461,929	$ 1,345,310
Nonaccrual	746	1,139
Totals	1,463,320	1,347,113
30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, past due	645	664
Commercial
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	204,045	217,734
Nonaccrual	14	9
Totals	204,072	217,753
Commercial | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, past due	13	10
Construction and Land Development
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	164,280	130,003
Nonaccrual	212	583
Totals	164,492	130,586
HELOC and 1-4 Family Junior Mortgage
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	31,711	28,238
Nonaccrual	335	347
Totals	32,046	28,585
1st REM - 1-4 Family
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	35,451	33,219
Nonaccrual	119	125
Totals	35,570	33,344
LOCs and 2nd REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	11,964	13,474
Totals	12,123	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	159	160
1st REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	133,060	119,876
Totals	133,526	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	466	268
Multifamily
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	340,888	317,872
Totals	340,888	317,872
CRE Owner Occupied
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	65,891	65,686
Totals	65,891	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	470,437	415,034
Totals	470,437	415,034
Consumer and other
Aging of the recorded investment in past due loans by loan segment
Accruing Interest, Current	4,202	4,174
Nonaccrual	66	75
Totals	4,275	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	$ 7	$ 3

Loans - Summary of loans modifi

Loans - Summary of loans modified in TDRs and those restructurings (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2018USD ($)loan	Dec. 31, 2017USD ($)loan
Loans
Troubled Debt Restructurings, Number of Loans	4	9
New Troubled Debt Restructurings, Post-Modification Outstanding Balance | $	$ 582,000	$ 3,000,000
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	Jun. 30, 2018	Dec. 31, 2017
Deposits, by Type [Abstract]
Transaction Deposits	$ 501,365	$ 469,831
Savings and Money Market Deposits	381,942	369,942
Brokered Deposits	230,683	207,481
Time Deposits	300,701	292,096
Total Deposits	$ 1,414,691	$ 1,339,350

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($)	Jul. 12, 2017	Jun. 30, 2018	Jun. 30, 2018
Subordinated Debentures
Total amortization expense			$ 51,000
Subordinated notes due 2027
Subordinated Debentures
Aggregate principal amount	$ 25,000,000
Percentage of face value at which notes are issued	100.00%
Issuance costs	$ 516,000
Amortization period of debt	5 years
Total amortization expense		$ 26,000	51,000
Remaining to be amortized		$ 422,000	$ 422,000
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 an43

Commitments, Contingencies and Credit Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Commitments, Contingencies and Credit Risk
Unfunded Commitments Under Lines of Credit	$ 413,135	$ 309,513
Letters of Credit	73,655	64,546
Totals	$ 486,790	$ 374,059

Stock Options (Details)

Stock Options (Details) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2018USD ($)itemshares	Dec. 31, 2017shares
Stock Options
Number of shares authorized for grant options to its directors, officers, and employees | shares		1,500,000
Term of award		P10Y
Vesting period		5 years
Number of unissued shares of the Company’s common stock authorized for option grants | shares	638,000
Number of banks in the index | item	36
Minimum
Stock Options
Market capitalization | $	$ 395
Maximum
Stock Options
Market capitalization | $	$ 3,500

Stock Options - Black-Scholes A

Stock Options - Black-Scholes Assumptions (Details)	6 Months Ended
	Jun. 30, 2018
Black-Scholes Assumptions
Expected Life	7 years
Expected Volatility	21.84%
Risk-Free Interest Rate	2.90%

Stock Options - Stock Option Pl

Stock Options - Stock Option Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Stock Option Plans
Outstanding at Beginning of Year			1,721,000
Granted			30,000
Forfeitures			(4,000)
Outstanding at Period End	1,747,000		1,747,000
Options Exercisable at Period End	551,000		551,000
Weighted Average Exercise Price
Outstanding at Beginning of Year			$ 5.68
Granted			12.31
Forfeitures			7.47
Outstanding at Period End	$ 5.79		5.79
Options Exercisable at Period End	$ 2.85		2.85
Granted During the Period			$ 3.91
Compensation expense for stock options	$ 190	$ 52	$ 389	$ 104

Stock Options - Exercise Price

Stock Options - Exercise Price (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2018USD ($)$ / sharesshares
Exercise Price
Options Outstanding, Number Outstanding	1,747,000
Options Outstanding, Remaining Contractual Life	7 years 9 months 18 days
Options Outstanding, Exercise Price | $ / shares	$ 5.79
Options Exercisable, Number Outstanding	551,000
Total unrecognized compensation cost | $	$ 2,698
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 4 months 24 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	4 years 9 months 18 days
Options Outstanding, Exercise Price | $ / shares	$ 2.13
Options Exercisable, Number Outstanding	90,000
3
Exercise Price
Options Outstanding, Number Outstanding	520,000
Options Outstanding, Remaining Contractual Life	5 years 6 months
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 6 months
Options Outstanding, Exercise Price | $ / shares	$ 3.58
Options Exercisable, Number Outstanding	30,000
7.47
Exercise Price
Options Outstanding, Number Outstanding	1,042,000
Options Outstanding, Remaining Contractual Life	9 years 3 months 18 days
Options Outstanding, Exercise Price | $ / shares	$ 7.47
7.78
Exercise Price
Options Outstanding, Number Outstanding	5,000
Options Outstanding, Remaining Contractual Life	9 years 7 months 6 days
Options Outstanding, Exercise Price | $ / shares	$ 7.78
13.22
Exercise Price
Options Outstanding, Number Outstanding	25,000
Options Outstanding, Remaining Contractual Life	9 years 10 months 24 days
Options Outstanding, Exercise Price | $ / shares	$ 13.22

Stock Options - Non-Vested Opti

Stock Options - Non-Vested Options (Details)	6 Months Ended
	Jun. 30, 2018$ / sharesshares
Number of Shares
Nonvested Options at December 31, 2017 | shares	1,302,000
Granted | shares	30,000
Vested | shares	(132,000)
Forfeited | shares	(4,000)
Nonvested Options at March 31, 2018 | shares	1,196,000
Weighted Average Grant Date Fair Value
Nonvested Options at December 31, 2017 | $ / shares	$ 2.55
Granted | $ / shares	3.91
Vested | $ / shares	1.49
Forfeited | $ / shares	2.80
Nonvested Options at March 31, 2018 | $ / shares	$ 2.70

Regulatory Capital (Details)

Regulatory Capital (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2018	Dec. 31, 2017
Total Risk-Based Capital
Total Risk-Based Capital, Actual amount	$ 246,657	$ 173,848
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	$ 124,863	$ 111,638
Total Risk-Based Capital, Actual ratio	15.80%	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	$ 204,053	$ 132,459
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	$ 93,647	$ 83,729
Tier 1 Risk-Based Capital, Actual ratio	13.07%	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	$ 204,053	$ 132,459
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	$ 70,235	$ 62,797
Common Equity Tier 1 Capital, Actual ratio	13.07%	9.49%
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Leverage Ratio
Leverage Ratio, Actual amount	$ 204,053	$ 132,459
Leverage Ratio, For Capital Adequacy Purposes, amount	$ 68,462	$ 63,264
Leverage Ratio, Actual ratio	11.92%	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	$ 211,313	$ 171,805
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	124,325	111,134
Total Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 155,407	$ 138,918
Total Risk-Based Capital, Actual ratio	13.60%	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	$ 193,287	$ 154,943
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	93,244	83,351
Tier 1 Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 124,325	$ 111,134
Tier 1 Risk-Based Capital, Actual ratio	12.44%	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	$ 193,287	$ 154,943
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	69,933	62,513
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 101,014	$ 90,297
Common Equity Tier 1 Capital, Actual ratio	12.44%	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	$ 193,287	$ 154,943
Leverage Ratio, For Capital Adequacy Purposes, amount	68,321	63,060
Leverage Ratio, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 85,401	$ 78,825
Leverage Ratio, Actual ratio	11.32%	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	Jun. 30, 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	$ 246,071	$ 229,491
Interest Rate Swap	494	344
Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Swap	494	344
Totals	246,565	229,835
U.S. Treasury Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	9,903
U.S. Treasury Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	9,903
Municipal Bonds
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	125,635	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	125,635	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	48,927	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	48,927	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	10,637	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	10,637	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	50,969	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	50,969	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	246,071	229,491
Interest Rate Swap	494	344
Level 2 | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Swap	494	344
Totals	246,565	229,835
Level 2 | U.S. Treasury Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	9,903
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	125,635	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	48,927	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	10,637	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	$ 50,969	$ 45,383

Fair Value Measurement - Nonrec

Fair Value Measurement - Nonrecurring (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	$ 900	$ 825	$ 1,500	$ 1,775
Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss			570		$ 109
Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss			429		109
Nonrecurring | Foreclosed Assets
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	141		141
Level 2 | Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	510		510		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	362		362		$ 464
Level 2 | Nonrecurring | Foreclosed Assets
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	$ 148		$ 148

Fair Value Measurement - Estima

Fair Value Measurement - Estimated Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Financial Assets:
Cash and Due From Banks	$ 21,917	$ 23,725
Bank-owned Certificates of Deposits	3,803	3,072
Securities Available for Sale, at Fair Value	246,071	229,491
FHLB Stock, at Cost	5,294	5,147
Loans, Net	1,441,596	1,326,507
Accrued Interest Receivable	5,971	5,342
Interest Rate Swap	494	344
Financial Liabilities:
Deposits	1,414,691	1,339,350
Federal Funds Purchased		23,000
Notes Payable	16,000	17,000
FHLB Advances	84,000	68,000
Subordinated Debentures	24,578	24,527
Accrued Interest Payable	1,502	1,408
Level 1
Financial Assets:
Cash and Due From Banks	21,917	23,725
Level 2
Financial Assets:
Bank-owned Certificates of Deposits	3,791	3,075
Securities Available for Sale, at Fair Value	246,071	229,491
FHLB Stock, at Cost	5,294	5,147
Loans, Net	1,430,207	1,323,495
Accrued Interest Receivable	5,971	5,342
Interest Rate Swap	494	344
Financial Liabilities:
Deposits	1,413,112	1,340,109
Federal Funds Purchased		23,000
Notes Payable	16,023	17,024
FHLB Advances	82,729	67,282
Subordinated Debentures	24,669	25,090
Accrued Interest Payable	1,502	1,408
Estimated Fair Value
Financial Assets:
Cash and Due From Banks	21,917	23,725
Bank-owned Certificates of Deposits	3,791	3,075
Securities Available for Sale, at Fair Value	246,071	229,491
FHLB Stock, at Cost	5,294	5,147
Loans, Net	1,430,207	1,323,495
Accrued Interest Receivable	5,971	5,342
Interest Rate Swap	494	344
Financial Liabilities:
Deposits	1,413,112	1,340,109
Federal Funds Purchased		23,000
Notes Payable	16,023	17,024
FHLB Advances	82,729	67,282
Subordinated Debentures	24,669	25,090
Accrued Interest Payable	$ 1,502	$ 1,408

Subsequent Events (Details)

Subsequent Events (Details) $ in Millions	6 Months Ended
	Jun. 30, 2018USD ($)
Construction of corporate headquarters office
Subsequent Events
Commitment under contract	$ 24