Bridgewater Bancshares (BWB) 10-Q 5 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Nov. 02, 2020
Document and Entity Information
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2020
Entity File Number	001-38412
Entity Registrant Name	Bridgewater Bancshares Inc
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	26-0113412
Entity Address, Address Line One	4450 Excelsior Boulevard, Suite 100
Entity Address, City or Town	St. Louis Park
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55416
City Area Code	952
Local Phone Number	893-6868
Title of 12(b) Security	Common Stock, $0.01 Par Value
Trading Symbol	BWB
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		28,281,741
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001341317
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
ASSETS
Cash and Cash Equivalents	$ 91,510	$ 31,935
Bank-Owned Certificates of Deposit	2,862	2,654
Securities Available for Sale, at Fair Value	373,955	289,877
Loans, Net of Allowance for Loan Losses of $31,381 at September 30, 2020 (unaudited) and $22,526 at December 31, 2019	2,217,480	1,884,000
Federal Home Loan Bank (FHLB) Stock, at Cost	7,817	7,824
Premises and Equipment, Net	48,885	27,628
Accrued Interest	9,647	6,775
Goodwill	2,626	2,626
Other Intangible Assets, Net	718	861
Other Assets	19,064	14,650
Total Assets	2,774,564	2,268,830
Deposits:
Noninterest Bearing	685,773	447,509
Interest Bearing	1,587,271	1,375,801
Total Deposits	2,273,044	1,823,310
Notes Payable	11,500	13,000
FHLB Advances	127,500	136,500
Subordinated Debentures, Net of Issuance Costs	73,665	24,733
Accrued Interest Payable	2,082	1,982
Other Liabilities	21,341	24,511
Total Liabilities	2,509,132	2,024,036
SHAREHOLDERS' EQUITY
Preferred Stock- $0.01 par value Authorized 10,000,000; None Issued and Outstanding at September 30, 2020 (unaudited) and December 31, 2019
Common Stock- $0.01 par value Common Stock - Authorized 75,000,000; Issued and Outstanding 28,710,775 at September 30, 2020 (unaudited) and 28,973,572 at December 31, 2019	287	290
Additional Paid-In Capital	110,010	112,093
Retained Earnings	149,852	127,637
Accumulated Other Comprehensive Income	5,283	4,774
Total Shareholders' Equity	265,432	244,794
Total Liabilities and Shareholders' Equity	$ 2,774,564	$ 2,268,830

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Consolidated Balance Sheets
Allowance of loan loss	$ 31,381	$ 22,526
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
Common stock, shares authorized (in shares)	75,000,000	75,000,000
Common stock, shares issued (in shares)	28,710,775	28,973,572
Common stock, shares outstanding (in shares)	28,710,755	28,973,572

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
INTEREST INCOME
Loans, Including Fees	$ 26,224	$ 24,220	$ 77,250	$ 69,720
Investment Securities	2,100	1,910	6,387	5,739
Other	169	442	490	900
Total Interest Income	28,493	26,572	84,127	76,359
INTEREST EXPENSE
Deposits	4,840	6,209	15,734	17,932
Notes Payable	108	127	334	378
FHLB Advances	748	908	2,839	2,510
Subordinated Debentures	1,118	393	1,990	1,163
Federal Funds Purchased			107	172
Total Interest Expense	6,814	7,637	21,004	22,155
NET INTEREST INCOME	21,679	18,935	63,123	54,204
Provision for Loan Losses	3,750	900	8,850	2,100
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	17,929	18,035	54,273	52,104
NONINTEREST INCOME
Customer Service Fees	200	184	575	564
Net Gain on Sales of Available for Sale Securities	109	58	1,473	516
Net Gain on Sales of Foreclosed Assets		69		69
Other Income	848	635	2,805	1,565
Total Noninterest Income	1,157	946	4,853	2,714
NONINTEREST EXPENSE
Salaries and Employee Benefits	6,550	5,915	19,352	15,841
Occupancy and Equipment	894	761	2,279	2,202
Other Expense	2,228	2,408	8,498	8,400
Total Noninterest Expense	9,672	9,084	30,129	26,443
INCOME BEFORE INCOME TAXES	9,414	9,897	28,997	28,375
Provision for Income Taxes	2,240	2,092	6,782	5,543
NET INCOME	$ 7,174	$ 7,805	$ 22,215	$ 22,832
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.25	$ 0.27	$ 0.77	$ 0.77
Diluted (in dollars per share)	$ 0.25	$ 0.27	$ 0.76	$ 0.76

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Consolidated Statements of Comprehensive Income
Net Income	$ 7,174	$ 7,805	$ 22,215	$ 22,832
Other Comprehensive Income (Loss):
Unrealized Gains on Available for Sale Securities	2,276	2,014	5,397	10,218
Unrealized Gains (Losses) on Cash Flow Hedges	7	(306)	(3,593)	(1,324)
Reclassification Adjustment for (Gains) Losses Realized in Income	204	(78)	(1,160)	(536)
Income Tax Impact	(522)	(343)	(135)	(1,755)
Total Other Comprehensive Income (Loss), Net of Tax	1,965	1,287	509	6,603
Comprehensive Income	$ 9,139	$ 9,092	$ 22,724	$ 29,435

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock	Additional Paid In Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Total
Balance at the beginning at Dec. 31, 2018	$ 301	$ 126,031	$ 96,234	$ (1,568)	$ 220,998
Balance at the beginning (in shares) at Dec. 31, 2018	30,097,274
Stock-based Compensation		524			524
Comprehensive Income (Loss)			22,832	6,603	29,435
Stock Options Exercised		61			61
Stock Options Exercised (in shares)	15,400
Stock Repurchases	$ (13)	(14,946)			(14,959)
Stock Repurchases (in shares)	(1,331,512)
Balance at the end at Sep. 30, 2019	$ 288	111,670	119,066	5,035	236,059
Balance at the end (in shares) at Sep. 30, 2019	28,781,162
Balance at the beginning at Jun. 30, 2019	$ 290	113,838	111,261	3,748	229,137
Balance at the beginning (in shares) at Jun. 30, 2019	28,986,729
Stock-based Compensation		175			175
Comprehensive Income (Loss)			7,805	1,287	9,092
Stock Repurchases	$ (2)	(2,343)			(2,345)
Stock Repurchases (in shares)	(205,567)
Balance at the end at Sep. 30, 2019	$ 288	111,670	119,066	5,035	236,059
Balance at the end (in shares) at Sep. 30, 2019	28,781,162
Balance at the beginning at Dec. 31, 2019	$ 290	112,093	127,637	4,774	244,794
Balance at the beginning (in shares) at Dec. 31, 2019	28,973,572
Stock-based Compensation		1,206			1,206
Stock-based Compensation (in shares)	22,610
Comprehensive Income (Loss)			22,215	509	22,724
Stock Options Exercised		54			$ 54
Stock Options Exercised (in shares)	17,500				17,500
Stock Repurchases	$ (3)	(3,343)			$ (3,346)
Stock Repurchases (in shares)	(315,848)
Issuance of Restricted Stock Awards (in shares)	16,141
Forfeiture of Restricted Stock Awards (in shares)	(3,200)
Balance at the end at Sep. 30, 2020	$ 287	110,010	149,852	5,283	265,432
Balance at the end (in shares) at Sep. 30, 2020	28,710,775
Balance at the beginning at Jun. 30, 2020	$ 288	110,906	142,678	3,318	257,190
Balance at the beginning (in shares) at Jun. 30, 2020	28,837,560
Stock-based Compensation		384			384
Stock-based Compensation (in shares)	7,399
Comprehensive Income (Loss)			7,174	1,965	9,139
Stock Options Exercised		15			15
Stock Options Exercised (in shares)	2,000
Stock Repurchases	$ (1)	(1,295)			(1,296)
Stock Repurchases (in shares)	(137,984)
Issuance of Restricted Stock Awards (in shares)	5,000
Forfeiture of Restricted Stock Awards (in shares)	(3,200)
Balance at the end at Sep. 30, 2020	$ 287	$ 110,010	$ 149,852	$ 5,283	$ 265,432
Balance at the end (in shares) at Sep. 30, 2020	28,710,775

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income			$ 22,215	$ 22,832
Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities
Net Amortization on Securities Available for Sale			1,891	1,865
Net Gain on Sales of Securities Available for Sale	$ (109)	$ (58)	(1,473)	(516)
Provision for Loan Losses	3,750	900	8,850	2,100
Depreciation and Amortization of Premises and Equipment	280	244	660	662
Loss on Sale of Premises and Equipment			2
Amortization of Other Intangible Assets			143	143
Amortization of Subordinated Debt Issuance Costs			138	77
Net Gain on Sale of Foreclosed Assets		(69)		(69)
Stock-based Compensation			1,206	524
Changes in Operating Assets and Liabilities:
Accrued Interest Receivable and Other Assets			(3,993)	129
Accrued Interest Payable and Other Liabilities			(11,716)	4,158
Net Cash Provided by Operating Activities			17,923	31,905
CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) Decrease in Bank-owned Certificates of Deposit			(208)	651
Proceeds from Sales of Securities Available for Sale	4,794	2,555	38,832	42,864
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale			23,629	28,693
Purchases of Securities Available for Sale			(140,974)	(73,628)
Net Increase in Loans			(342,464)	(181,054)
Net (Increase) Decrease in FHLB Stock			7	(410)
Purchases of Premises and Equipment			(22,040)	(13,352)
Proceeds from Sales of Foreclosed Assets			134	1,102
Net Cash Used in Investing Activities			(443,084)	(195,134)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in Deposits			449,734	241,302
Net Decrease in Federal Funds Purchased				(18,000)
Principal Payments on Notes Payable			(1,500)	(1,500)
Proceeds from FHLB Advances			96,000	37,500
Principal Payments on FHLB Advances			(105,000)	(20,000)
Proceeds from Issuance of Subordinated Debentures			48,794
Issuance of Subordinated Debt, net of Issuance Costs			48,794
Stock Options Exercised			54	61
Stock Repurchases			(3,346)	(14,959)
Net Cash Provided by Financing Activities			484,736	224,404
NET CHANGE IN CASH AND CASH EQUIVALENTS			59,575	61,175
Cash and Cash Equivalents Beginning			31,935	28,444	$ 28,444
Cash and Cash Equivalents Ending	$ 91,510	$ 89,619	91,510	89,619	$ 31,935
SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash Paid for Interest			20,766	22,121
Cash Paid for Income Taxes			7,917	3,800
Loans Transferred to Foreclosed Assets			134	$ 1,033
Premises and Equipment Transferred to Other Assets			121
Net Investment Securities Purchased but Not Settled			$ 2,059

Description of the Business and

Description of the Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
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 consist of 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, a subsidiary of the Company, was incorporated in 2016 as a wholly owned insurance 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. Basis of Presentation The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of the consolidated balance sheets, consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of shareholders’ equity and consolidated statements of cash flows in conformity with U.S. generally accepted accounting principles (“GAAP”). However, all normal recurring adjustments which are, in the opinion of management, necessary for the fair presentation of the interim financial statements have been included. The results of operations for the three and nine month periods ended September 30, 2020 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 Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 12, 2020. Principles of Consolidation These consolidated financial statements include the amounts of the Company, the Bank, with locations in Bloomington, Greenwood, Minneapolis (2), St. Louis Park, Orono, and St. Paul, Minnesota, BWB Holdings, LLC, Bridgewater Investment Management, Inc., and Bridgewater Risk Management, Inc. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates in Preparation of Financial Statements The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Information available which could affect judgements includes, but is not limited to, changes in interest rates, changes in the performance of the economy, including COVID-19 pandemic related changes, and changes in the financial condition of borrowers. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses, calculation of deferred tax assets, fair value of financial instruments, and investment securities impairment. Emerging Growth Company The Company qualifies as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and may take advantage of certain exemptions from various reporting requirements that are applicable to public companies that are not emerging growth companies, including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. In addition, even if the Company complies with the greater obligations of public companies that are not emerging growth companies, the Company may avail itself of the reduced requirements applicable to emerging growth companies from time to time in the future, so long as the Company is an emerging growth company. The Company will continue to be an emerging growth company until the earliest to occur of: (1) the end of the fiscal year following the fifth anniversary of the date of the first sale of common equity securities under the Company’s Registration Statement on Form S-1, which was declared effective by the SEC on March 13, 2018; (2) the last day of the fiscal year in which the Company has $1.07 billion or more in annual revenues; (3) the date on which the Company is deemed to be a “large accelerated filer” under the Securities Exchange Act of 1934, as amended (the “Exchange Act”); or (4) the date on which the Company has, during the previous three-year period, issued publicly or privately, more than $1.0 billion in non-convertible debt securities. 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. Paycheck Protection Program Loan Segment The Company maintains a separate general valuation allowance for each portfolio segment. The Paycheck Protection Program, or PPP, loan segment was added by the Company in the second quarter of 2020. PPP loans are loans to businesses, sole proprietorships, independent contractors and self-employed individuals who meet certain criteria and eligibility requirements through a loan program established by the Coronavirus Aid, Relief and Economic Security Act, or, CARES Act, and administered through the Small Business Administration (SBA). PPP loans generally have a two year term and earn interest at 1%. The Company believes that the primary source of repayment will be forgiveness granted by the SBA in accordance with the terms of the program. Credit risk in these loans is limited due to a full guarantee by the U.S. Government. The Company does not assign risk ratings to loans in this segment and will continue to monitor segment performance as circumstances evolve. Impact of Recently Adopted Accounting Guidance In January 2017, the Financial Accounting Standards Board, or FASB, issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. Company believed such decrease was a triggering event requiring an interim goodwill impairment analysis as of March 31, 2020. Under the new simplified guidance, the Company’s estimated fair value to a market participant as of March 31, 2020, exceeded its carrying amount resulting in no impairment charge for the period. ​ In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. ​ In August 2018, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40). The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The Company adopted the accounting standard during the first quarter of 2020. ​ In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, issued an interagency statement titled Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus , that encourages financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of the COVID-19 pandemic. The interagency statement was effective immediately and impacted accounting for loan modifications. Under Accounting Standards Codification 310-40, Receivables – Troubled Debt Restructurings by Creditors (ASC 310-40) , a restructuring of debt constitutes a troubled debt restructuring, or TDR, if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The regulatory agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to the COVID-19 pandemic to borrowers who were current prior to any relief, are not to be considered TDRs. These include short-term modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. ​ Additionally, Section 4013 of the CARES Act that passed on ​ (i) to suspend the requirements under GAAP for loan modifications related to the COVID–19 pandemic that would otherwise be categorized as a TDR; and/or (ii) to suspend any determination of a loan modified as a result of the effects of the COVID–19 pandemic as being a TDR, including impairment for accounting purposes. ​ If a bank elects a suspension noted above, the suspension (i) will be effective for the term of the loan modification, but solely with respect to any modification, including a forbearance arrangement, an interest rate modification, a repayment plan, and any other similar arrangement that defers or delays the payment of principal or interest, that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019; and (ii) will not apply to any adverse impact on the credit of a borrower that is not related to the COVID–19 pandemic. The Company has applied this guidance to qualifying loan modifications. ​ Impact of Recently Issued Accounting Standards The following ASUs have been issued by the FASB and may impact the Company’s consolidated financial statements in future reporting periods. In January 2020, the FASB issued ASU 2020-01, Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323 and Topic 815 ​ In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ​ If reference rates are discontinued, the existing contracts will be modified to replace the discontinued rate with a replacement rate. For accounting purposes, such contract modifications would have to be evaluated to determine whether the modified contract is a new contract or a continuation of an existing contract. If they are considered new contracts, the previous contract would be extinguished. Under one of the optional expedients of ASU 2020-04, modifications of contracts within the scope of Topic 310, Receivables, and 470, Debt, will be accounted for by prospectively adjusting the effective interest rates and no such evaluation is required. When elected, the optional expedient for contract modifications must be applied consistently for all eligible contracts or eligible transactions. The expedients and exceptions in this update are available to all entities starting March 12, 2020 through December 31, 2022. The Company is in the process of evaluating the impact of this pronouncement on those financial assets and liabilities where LIBOR is used as an index rate. ​ In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The new topic supersedes Topic 840, Leases, and increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and requires disclosures of key information about leasing arrangements. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842 Leases: Targeted Improvements ​ ​ Subsequent Events ​ Subsequent events have been evaluated through November 5, 2020, which is the date the consolidated financial statements were available to be issued. ​

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2020
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 compensation. For the three and nine months ended September 30, 2020, stock options and restricted stock awards of approximately 557,000 and 557,000, respectively, were excluded from the calculation because their effect would have been anti-dilutive. For the three and nine months ended September 30, 2019, stock options of approximately 100,000 and 135,000, respectively were excluded from the calculation because their effect would have been anti-dilutive. The following table presents the numerators and denominators for basic and diluted earnings per share computations for the three and nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Net Income Available to Common Shareholders ​ $ 7,174 ​ $ 7,805 ​ $ 22,215 ​ $ 22,832 Weighted Average Common Stock Outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Common Stock Outstanding (Basic) ​ ​ 28,683,855 ​ ​ 28,820,144 ​ ​ 28,717,142 ​ ​ 29,535,589 Dilutive Effect of Stock Compensation ​ ​ 490,746 ​ ​ 677,817 ​ ​ 583,621 ​ ​ 645,967 Weighted Average Common Stock Outstanding (Dilutive) ​ ​ 29,174,601 ​ ​ 29,497,961 ​ ​ 29,300,763 ​ ​ 30,181,556 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Earnings per Common Share ​ $ 0.25 ​ $ 0.27 ​ $ 0.77 ​ $ 0.77 Diluted Earnings per Common Share ​ ​ 0.25 ​ ​ 0.27 ​ ​ 0.76 ​ ​ 0.76 ​

Securities

Securities	9 Months Ended
	Sep. 30, 2020
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 September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 97,294 ​ $ 8,354 ​ $ (394) ​ $ 105,254 Mortgage-Backed Securities ​ 116,252 ​ 2,517 ​ (410) ​ 118,359 Corporate Securities ​ 68,043 ​ 1,006 ​ (543) ​ 68,506 SBA Securities ​ 42,934 ​ 26 ​ (453) ​ 42,507 Asset-Backed Securities ​ ​ 38,846 ​ ​ 683 ​ ​ (200) ​ ​ 39,329 Total Securities Available for Sale ​ $ 363,369 ​ $ 12,586 ​ $ (2,000) ​ $ 373,955 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 4,990 ​ $ 8 ​ $ — ​ $ 4,998 Municipal Bonds ​ ​ 99,441 ​ ​ 6,338 ​ ​ (36) ​ ​ 105,743 Mortgage-Backed Securities ​ 64,312 ​ 697 ​ (281) ​ 64,728 Corporate Securities ​ 49,674 ​ 633 ​ (131) ​ 50,176 SBA Securities ​ 50,126 ​ 35 ​ (602) ​ 49,559 Asset-Backed Securities ​ ​ 14,673 ​ ​ — ​ ​ — ​ ​ 14,673 Total Securities Available for Sale ​ $ 283,216 ​ $ 7,711 ​ $ (1,050) ​ $ 289,877 ​ The following tables present 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 at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 13,593 ​ $ (387) ​ $ 223 ​ $ (7) ​ $ 13,816 ​ $ (394) Mortgage-Backed Securities ​ 28,897 ​ ​ (410) ​ ​ 2,481 ​ ​ — ​ 31,378 ​ (410) Corporate Securities ​ 22,714 ​ ​ (472) ​ ​ 1,429 ​ ​ (71) ​ 24,143 ​ (543) SBA Securities ​ 6,585 ​ ​ (16) ​ ​ 30,740 ​ ​ (437) ​ 37,325 ​ (453) Asset-Backed Securities ​ ​ 15,073 ​ ​ (200) ​ ​ — ​ ​ — ​ ​ 15,073 ​ ​ (200) Total Securities Available for Sale ​ $ 86,862 ​ $ (1,485) ​ $ 34,873 ​ $ (515) ​ $ 121,735 ​ $ (2,000) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 2,760 ​ $ (23) ​ $ 1,390 ​ $ (13) ​ $ 4,150 ​ $ (36) Mortgage-Backed Securities ​ 32,276 ​ ​ (242) ​ ​ 3,098 ​ ​ (39) ​ 35,374 ​ (281) Corporate Securities ​ 8,350 ​ ​ (131) ​ ​ — ​ ​ — ​ 8,350 ​ (131) SBA Securities ​ 11,907 ​ ​ (64) ​ ​ 31,036 ​ ​ (538) ​ 42,943 ​ (602) Total Securities Available for Sale ​ $ 55,293 ​ $ (460) ​ $ 35,524 ​ $ (590) ​ $ 90,817 ​ $ (1,050) ​ At September 30, 2020, 155 debt securities had unrealized losses with aggregate depreciation of approximately 1.6% from the Company’s amortized cost basis. At December 31, 2019, 110 debt securities had unrealized losses with aggregate depreciation of approximately 1.1% from the Company’s amortized cost basis. These unrealized losses related principally to changes in interest rates and were 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 these debt securities for the foreseeable future, no declines were deemed to be other than temporary as of September 30, 2020. The following presents a summary of amortized cost and estimated fair value of debt securities by the lesser of expected call date or contractual maturity as of September 30, 2020. 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, SBA securities and asset-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 Amortized Cost Fair Value Due in One Year or Less ​ $ 6,772 ​ $ 6,796 Due After One Year Through Five Years ​ 49,190 ​ 50,410 Due After Five Years Through 10 Years ​ 90,941 ​ 95,762 Due After 10 Years ​ 18,434 ​ 20,792 Subtotal ​ 165,337 ​ 173,760 Mortgage-Backed Securities ​ 116,252 ​ 118,359 SBA Securities ​ 42,934 ​ 42,507 Asset-Backed Securities ​ ​ 38,846 ​ ​ 39,329 Totals ​ $ 363,369 ​ $ 373,955 ​ As of September 30, 2020 and December 31, 2019, the securities portfolio was unencumbered. The following table presents a summary of the proceeds from sales of securities available for sale, as well as gross gains and losses, for the three and nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Proceeds From Sales of Securities ​ $ 4,794 ​ $ 2,555 ​ $ 38,832 ​ $ 42,864 Gross Gains on Sales ​ 123 ​ 58 ​ 1,561 ​ 774 Gross Losses on Sales ​ (14) ​ — ​ (88) ​ (258) ​

Loans

Loans	9 Months Ended
	Sep. 30, 2020
Loans
Loans	Note 4: Loans The following table presents the components of the loan portfolio at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Commercial ​ $ 287,254 ​ $ 276,035 Paycheck Protection Program ​ ​ 181,596 ​ ​ — Construction and Land Development ​ 175,882 ​ 196,776 Real Estate Mortgage: ​ ​ ​ ​ 1-4 Family Mortgage ​ 286,089 ​ 260,611 Multifamily ​ 585,814 ​ 515,014 CRE Owner Occupied ​ ​ 75,963 ​ ​ 66,584 CRE Non-owner Occupied ​ ​ 660,058 ​ ​ 592,545 Total Real Estate Mortgage Loans ​ ​ 1,607,924 ​ ​ 1,434,754 Consumer and Other ​ ​ 6,572 ​ ​ 4,473 Total Loans, Gross ​ 2,259,228 ​ 1,912,038 Allowance for Loan Losses ​ (31,381) ​ (22,526) Net Deferred Loan Fees ​ (10,367) ​ (5,512) Total Loans, Net ​ $ 2,217,480 ​ $ 1,884,000 ​ The following table presents the activity in the allowance for loan losses, by segment, for the three months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 5,192 ​ $ 90 ​ $ 2,173 ​ $ 3,322 ​ $ 6,697 ​ $ 964 ​ $ 8,323 ​ $ 174 ​ $ 698 ​ $ 27,633 Provision for Loan Losses ​ 115 ​ ​ 1 ​ ​ 63 ​ ​ 384 ​ ​ 1,622 ​ ​ 140 ​ ​ 1,177 ​ ​ 3 ​ ​ 245 ​ 3,750 Loans Charged-off ​ (5) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (1) ​ ​ — ​ (6) Recoveries of Loans ​ 1 ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 4 Total Ending Allowance Balance ​ $ 5,303 ​ $ 91 ​ $ 2,236 ​ $ 3,709 ​ $ 8,319 ​ $ 1,104 ​ $ 9,500 ​ $ 176 ​ $ 943 ​ $ 31,381 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 3,181 ​ $ — ​ $ 2,246 ​ $ 2,827 ​ $ 4,994 ​ $ 844 ​ $ 6,485 ​ $ 66 ​ $ 719 ​ $ 21,362 Provision for Loan Losses ​ 196 ​ ​ — ​ ​ 196 ​ ​ (15) ​ ​ 183 ​ ​ 5 ​ ​ 50 ​ ​ 18 ​ ​ 267 ​ 900 Loans Charged-off ​ (141) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (3) ​ ​ — ​ (144) Recoveries of Loans ​ 2 ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ 6 Total Ending Allowance Balance ​ $ 3,238 ​ $ — ​ $ 2,442 ​ $ 2,815 ​ $ 5,177 ​ $ 849 ​ $ 6,535 ​ $ 82 ​ $ 986 ​ $ 22,124 ​ The following table presents the activity in the allowance for loan losses, by segment, for the nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2020 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 3,058 ​ $ — ​ $ 2,202 ​ $ 2,839 ​ $ 5,824 ​ $ 792 ​ $ 6,972 ​ $ 85 ​ $ 754 ​ $ 22,526 Provision for Loan Losses ​ 2,279 ​ ​ 91 ​ ​ 34 ​ ​ 819 ​ ​ 2,495 ​ ​ 312 ​ ​ 2,528 ​ ​ 103 ​ ​ 189 ​ 8,850 Loans Charged-off ​ (39) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (15) ​ ​ — ​ (54) Recoveries of Loans ​ 5 ​ ​ — ​ ​ — ​ ​ 51 ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ 59 Total Ending Allowance Balance ​ $ 5,303 ​ $ 91 ​ $ 2,236 ​ $ 3,709 ​ $ 8,319 ​ $ 1,104 ​ $ 9,500 ​ $ 176 ​ $ 943 ​ $ 31,381 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 2,898 ​ $ — ​ $ 2,451 ​ $ 2,597 ​ $ 4,644 ​ $ 808 ​ $ 5,872 ​ $ 65 ​ $ 696 ​ $ 20,031 Provision for Loan Losses ​ 495 ​ ​ — ​ ​ (10) ​ ​ 53 ​ ​ 533 ​ ​ 41 ​ ​ 663 ​ ​ 35 ​ ​ 290 ​ 2,100 Loans Charged-off ​ (160) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (23) ​ ​ — ​ (183) Recoveries of Loans ​ 5 ​ ​ — ​ ​ 1 ​ ​ 165 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5 ​ ​ — ​ 176 Total Ending Allowance Balance ​ $ 3,238 ​ $ — ​ $ 2,442 ​ $ 2,815 ​ $ 5,177 ​ $ 849 ​ $ 6,535 ​ $ 82 ​ $ 986 ​ $ 22,124 ​ 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 September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Allowance for Loan Losses at September 30, 2020 Commercial ​ Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Individually Evaluated for Impairment ​ $ 40 ​ $ — ​ $ — ​ $ 144 ​ $ — ​ $ — ​ $ — ​ $ 13 ​ $ — ​ $ 197 Collectively Evaluated for Impairment ​ ​ 5,263 ​ ​ 91 ​ ​ 2,236 ​ ​ 3,565 ​ ​ 8,319 ​ ​ 1,104 ​ ​ 9,500 ​ ​ 163 ​ ​ 943 ​ 31,184 Totals ​ $ 5,303 ​ $ 91 ​ $ 2,236 ​ $ 3,709 ​ $ 8,319 ​ $ 1,104 ​ $ 9,500 ​ $ 176 ​ $ 943 ​ $ 31,381 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses at December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 31 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 14 ​ $ — ​ $ 45 Collectively Evaluated for Impairment ​ 3,027 ​ ​ — ​ ​ 2,202 ​ ​ 2,839 ​ ​ 5,824 ​ ​ 792 ​ ​ 6,972 ​ ​ 71 ​ ​ 754 ​ 22,481 Totals ​ $ 3,058 ​ $ — ​ $ 2,202 ​ $ 2,839 ​ $ 5,824 ​ $ 792 ​ $ 6,972 ​ $ 85 ​ $ 754 ​ $ 22,526 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ Loans at September 30, 2020 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Total Individually Evaluated for Impairment ​ $ 432 ​ $ — ​ $ 156 ​ $ 1,773 ​ $ — ​ $ 1,589 ​ $ 12,111 ​ $ 13 ​ $ 16,074 Collectively Evaluated for Impairment ​ 286,822 ​ ​ 181,596 ​ ​ 175,726 ​ ​ 284,316 ​ ​ 585,814 ​ ​ 74,374 ​ ​ 647,947 ​ ​ 6,559 ​ 2,243,154 Totals ​ $ 287,254 ​ $ 181,596 ​ $ 175,882 ​ $ 286,089 ​ $ 585,814 ​ $ 75,963 ​ $ 660,058 ​ $ 6,572 ​ $ 2,259,228 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 273 ​ $ — ​ $ 176 ​ $ 1,059 ​ $ — ​ $ 236 ​ $ — ​ $ 14 ​ $ 1,758 Collectively Evaluated for Impairment ​ 275,762 ​ ​ — ​ ​ 196,600 ​ ​ 259,552 ​ ​ 515,014 ​ ​ 66,348 ​ ​ 592,545 ​ ​ 4,459 ​ 1,910,280 Totals ​ $ 276,035 ​ $ — ​ $ 196,776 ​ $ 260,611 ​ $ 515,014 ​ $ 66,584 ​ $ 592,545 ​ $ 4,473 ​ $ 1,912,038 ​ The following table presents information regarding total carrying amounts and total unpaid principal balances of impaired loans by loan segment as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related ​ Investment Balance Allowance Investment Balance Allowance Loans With No Related Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 312 ​ $ 312 ​ $ — ​ $ 167 ​ $ 167 ​ $ — Construction and Land Development ​ ​ 156 ​ ​ 765 ​ ​ — ​ ​ 176 ​ ​ 785 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 884 ​ 884 ​ — ​ 302 ​ 489 ​ — 1st REM - Rentals ​ 745 ​ ​ 745 ​ — ​ 757 ​ 757 ​ — CRE Owner Occupied ​ 1,589 ​ 1,589 ​ — ​ 236 ​ 236 ​ — CRE Non Owner Occupied ​ ​ 12,111 ​ ​ 12,111 ​ ​ — ​ ​ — ​ ​ — ​ ​ — Totals ​ 15,797 ​ 16,406 ​ — ​ 1,638 ​ 2,434 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 120 ​ ​ 123 ​ ​ 40 ​ 106 ​ 109 ​ 31 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ 144 ​ ​ 331 ​ ​ 144 ​ ​ — ​ ​ — ​ ​ — Consumer and Other ​ ​ 13 ​ ​ 13 ​ ​ 13 ​ ​ 14 ​ ​ 14 ​ ​ 14 Totals ​ 277 ​ 467 ​ 197 ​ 120 ​ 123 ​ 45 Grand Totals ​ $ 16,074 ​ $ 16,873 ​ $ 197 ​ $ 1,758 ​ $ 2,557 ​ $ 45 ​ The following table presents information regarding the average balances and interest income recognized on impaired loans by loan segment for the three and nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2020 2019 ​ 2020 2019 ​ ​ 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 ​ $ 272 ​ $ 4 ​ $ — ​ $ — ​ $ 277 ​ $ 9 ​ $ — ​ $ — Construction and Land Development ​ ​ 162 ​ ​ — ​ ​ 2,410 ​ ​ 35 ​ ​ 168 ​ ​ — ​ ​ 2,734 ​ ​ 122 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ 865 ​ ​ 11 ​ ​ 155 ​ ​ 2 ​ ​ 804 ​ ​ 31 ​ ​ 156 ​ ​ 6 1st REM - 1-4 Family ​ ​ — ​ ​ — ​ ​ 617 ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 617 ​ ​ 18 1st REM - Rentals ​ 748 ​ ​ 8 ​ ​ 760 ​ ​ 11 ​ 753 ​ ​ 21 ​ ​ 766 ​ ​ 29 CRE Owner Occupied ​ 1,594 ​ ​ 21 ​ ​ 338 ​ ​ 5 ​ 1,602 ​ ​ 65 ​ ​ 406 ​ ​ 17 CRE Non Owner Occupied ​ ​ 12,115 ​ ​ 172 ​ ​ — ​ ​ — ​ ​ 12,145 ​ ​ 514 ​ ​ — ​ ​ — Totals ​ 15,756 ​ 216 ​ 4,280 ​ 59 ​ 15,749 ​ 640 ​ 4,679 ​ 192 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 121 ​ ​ 1 ​ ​ 133 ​ ​ 6 ​ 124 ​ ​ 2 ​ ​ 138 ​ ​ 7 Construction and Land Development ​ ​ — ​ ​ — ​ ​ 50 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 50 ​ ​ 1 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ 144 ​ ​ — ​ ​ 305 ​ ​ — ​ ​ 144 ​ ​ — ​ ​ 306 ​ ​ — 1st REM - Rentals ​ — ​ ​ — ​ ​ 128 ​ ​ 3 ​ — ​ ​ — ​ ​ 129 ​ ​ 3 Consumer and Other ​ ​ 13 ​ ​ — ​ ​ 14 ​ ​ 2 ​ ​ 13 ​ ​ 1 ​ ​ 54 ​ ​ 2 ​ ​ 278 ​ 1 ​ 630 ​ 12 ​ 281 ​ 3 ​ 677 ​ 13 Grand Totals ​ $ 16,034 ​ $ 217 ​ $ 4,910 ​ $ 71 ​ $ 16,030 ​ $ 643 ​ $ 5,356 ​ $ 205 ​ 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 September 30, 2020 and December 31, 2019, based on the most recent analysis performed by management: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Pass Watch Substandard Total Commercial ​ $ 266,555 ​ $ 20,267 ​ $ 432 ​ $ 287,254 Paycheck Protection Program ​ ​ 181,596 ​ ​ — ​ ​ — ​ ​ 181,596 Construction and Land Development ​ 175,597 ​ ​ 129 ​ ​ 156 ​ 175,882 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 28,924 ​ ​ — ​ ​ 884 ​ 29,808 1st REM - 1-4 Family ​ 37,134 ​ ​ 706 ​ ​ 173 ​ 38,013 LOCs and 2nd REM - Rentals ​ 19,493 ​ ​ — ​ ​ 144 ​ 19,637 1st REM - Rentals ​ 197,301 ​ ​ 758 ​ ​ 572 ​ 198,631 Multifamily ​ 585,814 ​ ​ — ​ ​ — ​ 585,814 CRE Owner Occupied ​ 74,374 ​ ​ — ​ ​ 1,589 ​ 75,963 CRE Non-owner Occupied ​ ​ 618,890 ​ ​ 29,057 ​ ​ 12,111 ​ ​ 660,058 Consumer and Other ​ 6,559 ​ ​ ​ ​ ​ 13 ​ 6,572 Totals ​ $ 2,192,237 ​ $ 50,917 ​ $ 16,074 ​ $ 2,259,228 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Pass Watch Substandard Total Commercial ​ $ 275,741 $ ​ 21 $ ​ 273 ​ $ 276,035 Construction and Land Development ​ 196,462 ​ ​ 138 ​ ​ 176 ​ 196,776 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 28,483 ​ ​ 138 ​ ​ — ​ 28,621 1st REM - 1-4 Family ​ 36,370 ​ ​ 124 ​ ​ 177 ​ 36,671 LOCs and 2nd REM - Rentals ​ 17,890 ​ ​ 479 ​ ​ 302 ​ 18,671 1st REM - Rentals ​ 174,781 ​ ​ 1,287 ​ ​ 580 ​ 176,648 Multifamily ​ 515,014 ​ ​ — ​ ​ — ​ 515,014 CRE Owner Occupied ​ 65,411 ​ ​ — ​ ​ 1,173 ​ 66,584 CRE Non-owner Occupied ​ ​ 589,457 ​ ​ 3,088 ​ ​ — ​ ​ 592,545 Consumer and Other ​ 4,459 ​ ​ — ​ ​ 14 ​ 4,473 Totals ​ $ 1,904,068 ​ $ 5,275 ​ $ 2,695 ​ $ 1,912,038 ​ The following tables present the aging of the recorded investment in past due loans by loan segment as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ September 30, 2020 Current Past Due More Past Due Nonaccrual Total Commercial ​ $ 287,228 ​ $ 19 ​ $ — ​ $ 7 ​ $ 287,254 Paycheck Protection Program ​ ​ 181,596 ​ ​ — ​ ​ — ​ ​ — ​ ​ 181,596 Construction and Land Development ​ 175,287 ​ ​ 439 ​ ​ — ​ ​ 156 ​ 175,882 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 29,808 ​ ​ — ​ ​ — ​ ​ — ​ 29,808 1st REM - 1-4 Family ​ 38,013 ​ ​ — ​ ​ — ​ ​ — ​ 38,013 LOCs and 2nd REM - Rentals ​ 19,493 ​ ​ — ​ ​ — ​ ​ 144 ​ 19,637 1st REM - Rentals ​ 198,505 ​ ​ — ​ ​ — ​ ​ 126 ​ 198,631 Multifamily ​ 585,814 ​ ​ — ​ ​ — ​ ​ — ​ 585,814 CRE Owner Occupied ​ 75,963 ​ ​ — ​ ​ — ​ ​ — ​ 75,963 CRE Non-owner Occupied ​ 660,058 ​ ​ — ​ ​ — ​ ​ — ​ 660,058 Consumer and Other ​ 6,572 ​ ​ — ​ ​ — ​ ​ — ​ 6,572 Totals ​ $ 2,258,337 ​ $ 458 ​ $ — ​ $ 433 ​ $ 2,259,228 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ December 31, 2019 Current Past Due More Past Due Nonaccrual Total Commercial ​ $ 276,028 ​ $ — ​ $ — ​ $ 7 ​ $ 276,035 Construction and Land Development ​ 196,600 ​ ​ — ​ ​ — ​ ​ 176 ​ 196,776 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 28,621 ​ ​ — ​ ​ — ​ ​ — ​ 28,621 1st REM - 1-4 Family ​ 36,671 ​ ​ — ​ ​ — ​ ​ — ​ 36,671 LOCs and 2nd REM - Rentals ​ 18,527 ​ ​ — ​ ​ — ​ ​ 144 ​ 18,671 1st REM - Rentals ​ 176,114 ​ ​ 400 ​ ​ — ​ ​ 134 ​ 176,648 Multifamily ​ 515,014 ​ ​ — ​ ​ — ​ ​ — ​ 515,014 CRE Owner Occupied ​ 66,584 ​ ​ — ​ ​ — ​ ​ — ​ 66,584 CRE Non-owner Occupied ​ 592,545 ​ ​ — ​ ​ — ​ ​ — ​ 592,545 Consumer and Other ​ 4,470 ​ ​ 3 ​ ​ — ​ ​ — ​ 4,473 Totals ​ $ 1,911,174 ​ $ 403 ​ $ — ​ $ 461 ​ $ 1,912,038 ​ At September 30, 2020, there were four loans classified as troubled debt restructurings with a current outstanding balance of $820. At December 31, 2019, there were three loans classified as troubled debt restructurings with an outstanding balance of $452. There was one new loan classified as a troubled debt restructuring during the nine month period ended September 30, 2020 and no loans classified as troubled debt restructurings during the previous twelve months subsequently defaulted during the nine months ended September 30, 2020. ​ In response to the COVID-19 pandemic, the Company has developed programs for clients who are experiencing business and personal disruptions due to the COVID-19 pandemic pursuant to which the Company may provide loan payment deferrals or interest-only modifications. In accordance with interagency regulatory guidance and the CARES Act, qualifying loans modified in response to the COVID-19 pandemic will not be considered troubled debt restructurings. ​ The following table presents a summary of closed loan modifications made in response to the COVID-19 pandemic, by loan segment and modification type, as of September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-Only ​ Payment Deferral ​ Total (dollars in thousands) Amount # of Loans Amount # of Loans Amount # of Loans Commercial ​ $ 11,705 ​ 21 ​ $ 414 ​ 2 ​ $ 12,119 ​ 23 Construction and Land Development ​ ​ — ​ — ​ ​ — ​ — ​ ​ — ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 Family Mortgage ​ ​ 5,589 ​ 10 ​ ​ — ​ — ​ ​ 5,589 ​ 10 Multifamily ​ ​ 42,273 ​ 6 ​ ​ — ​ — ​ ​ 42,273 ​ 6 CRE Owner Occupied ​ ​ 1,646 ​ 4 ​ ​ 1,502 ​ 3 ​ ​ 3,148 ​ 7 CRE Nonowner Occupied ​ ​ 99,672 ​ 35 ​ ​ 28,580 ​ 6 ​ ​ 128,252 ​ 41 Consumer and Other ​ ​ — ​ — ​ ​ — ​ — ​ ​ — ​ — Totals ​ $ 160,885 ​ 76 ​ $ 30,496 ​ 11 ​ $ 191,381 ​ 87 ​

Premises and Equipment

Premises and Equipment	9 Months Ended
	Sep. 30, 2020
Premises and Equipment
Premises and Equipment	Note 5: Premises and Equipment Premises and equipment are summarized as follows as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range of ​ September 30, ​ December 31, ​ ​ Useful Lives 2020 2019 Land ​ N/A ​ $ 5,174 ​ $ 5,174 Building ​ 15 - 39 Years ​ 39,139 ​ 3,487 Leasehold Improvements ​ 3 ‑ 10 Years ​ 2,538 ​ 3,344 Furniture and Equipment ​ 3 ‑ 5 Years ​ 5,398 ​ 3,902 Construction in Progress ​ N/A ​ — ​ 16,693 Subtotal ​ ​ ​ 52,249 ​ 32,600 Accumulated Depreciation ​ ​ ​ (3,364) ​ (4,972) Totals ​ ​ ​ $ 48,885 ​ $ 27,628 ​ Depreciation and amortization expense charged to noninterest expense for the three months ended September 30, 2020 and 2019 totaled $280 and $244, respectively. Depreciation and amortization expense charged to noninterest expense for the nine months ended September 30, 2020 and 2019 totaled $660 and $662, respectively. Construction in progress represents amounts paid for the construction of the Company’s new corporate headquarters building. The new corporate headquarters building was placed into service in the third quarter of 2020.

Deposits

Deposits	9 Months Ended
	Sep. 30, 2020
Deposits.
Deposits	Note 6: Deposits The following table presents the composition of deposits at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Transaction Deposits ​ $ 1,008,026 ​ $ 712,136 Savings and Money Market Deposits ​ 498,397 ​ 516,785 Time Deposits ​ 363,897 ​ 360,027 Brokered Deposits ​ 402,724 ​ 234,362 Totals ​ $ 2,273,044 ​ $ 1,823,310 ​ ​ ​ ​ ​

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2020
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities	Note 7: Derivative Instruments and Hedging Activities The Company uses derivative financial instruments, which consist of interest rate swaps, to assist in its interest rate risk management. The notional amount does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual agreements. Derivative financial instruments are reported at fair value in other assets or other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship. For derivatives not designated as hedges, the gain or loss is recognized in current earnings. ​ Non-hedge Derivatives ​ The Company enters into interest rate swaps to facilitate client transactions and meet their financing needs. Upon entering into these instruments to meet client needs, the Company enters into offsetting positions with large U.S. financial institutions in order to minimize the risk to the Company. These swaps are derivatives, but are not designated as hedging instruments. Interest rate swap contracts involve the risk of dealing with counterparties and their ability to meet contractual terms. When the fair value of a derivative instrument contract is positive, this generally indicates that the counter party or client owes the Company, and results in credit risk to the Company. When the fair value of a derivative instrument contract is negative, the Company owes the client or counterparty and therefore, the Company has no credit risk. The following table presents a summary of the Company’s interest rate swaps to facilitate customer transactions as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest Rate Swap Agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 49,842 ​ $ 3,581 ​ $ 7,140 ​ $ 150 Liabilities ​ 49,842 ​ (3,581) ​ 7,140 ​ (150) Total ​ $ 99,684 ​ $ — ​ $ 14,280 ​ $ — ​ Cash Flow Hedging Derivatives ​ For derivative instruments that are designated and qualify as a cash flow hedge, the aggregate fair value of the derivative instrument is recorded in other assets or other liabilities with any gain or loss related to changes in fair value recorded in accumulated other comprehensive income, net of tax. The gain or loss is reclassified into earnings in the same period during which the hedged asset or liability affects earnings and is presented in the same income statement line item as the earnings effect of the hedged asset or liability. The Company utilizes cash flow hedges to manage interest rate exposure for the brokered certificate of deposit, wholesale borrowing, and notes payable portfolios. During the next 12 months, the Company estimates that $846 will be reclassified to interest expense. ​ The following tables present a summary of the Company’s interest rate swaps designated as cash flow hedges as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 December 31, 2019 ​ Notional Amount ​ $ 111,500 ​ $ 48,000 ​ Weighted Average Pay Rate ​ ​ 1.30 % ​ 1.89 % Weighted Average Receive Rate ​ ​ 0.30 % ​ 2.25 % Weighted Average Maturity (Years) ​ ​ 4.18 ​ ​ 3.53 ​ Net Unrealized Loss ​ $ (3,899) ​ $ (618) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest Rate Swap Agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 5,000 ​ $ 10 ​ $ 18,000 ​ $ 134 Liabilities ​ ​ 106,500 ​ ​ (3,909) ​ ​ 30,000 ​ ​ (752) ​ The following table presents the effect of derivative instruments in cash flow hedging relationships on the consolidated statements of income for the nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, (dollars in thousands) 2020 2019 Derivatives in ​ Location of Gain or Gain (Loss) Cash Flow Hedging ​ (Loss) Reclassified Reclassified from Relationships ​ from AOCI into Income AOCI into Earnings Interest Rate Swaps ​ Interest Expense ​ $ (313) ​ $ 20 ​ No amounts were reclassified from accumulated other comprehensive income into net income related to hedge ineffectiveness for these derivatives during the three and nine months ended September 30, 2020 and 2019, and no amounts are expected to be reclassified from accumulated other comprehensive income into net income related to hedge ineffectiveness over the next twelve months.

Subordinated Debentures

Subordinated Debentures	9 Months Ended
	Sep. 30, 2020
Subordinated Debentures
Subordinated Debentures	Note 8: Subordinated Debentures On June 19, 2020, the Company entered into a Subordinated Note Purchase Agreement with certain institutional accredited investors and qualified institutional buyers pursuant to which the Company sold and issued $50,000 in aggregate principal amount of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 (the “2030 Notes”). The 2030 Notes were issued by the Company to the purchasers at a price equal to 100% of their face amount. Issuance costs were $1,127 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 1, 2025. Total amortization expense for the three months and nine months ended September 30, 2020 was $60 The 2030 Notes mature on July 1, 2030, with a fixed rate of 5.25% payable semi-annually for five years until July 1, 2025. Thereafter, the interest rate converts to a variable interest rate, reset quarterly, equal to the three-month term Secured Overnight Financing Rate, or SOFR, plus 513 basis points, and payments become payable 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 1, 2025, 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 2030 Notes being redeemed, including any accrued and unpaid interest thereon. On July 12, 2017, the Company entered into a Subordinated Note Purchase Agreement with certain institutional accredited investors whereby the Company sold and issued $25,000 in aggregate principal amount of 5.875% Fixed-to-Floating Rate Subordinated Notes due 2027 (the “2027 Notes”). The 2027 Notes were issued by the Company to the purchasers at a price equal to 100% of their face amount. Issuance costs were $516 and have been netted against subordinated debt on the consolidated balance sheets. These costs are being amortized over five years, which represents the period from issuance to the first redemption date of July 15, 2022. Total amortization expense for the three months and nine months ended September 30, 2020, was $26 and $78, respectively, with $189 remaining to be amortized as of September 30, 2020. The 2027 Notes mature on July 15, 2027, with a fixed interest rate of 5.875% payable semi-annually 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 2027 Notes are not convertible into or exchangeable for any other securities or assets of the Company or any of its subsidiaries. The 2027 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 2027 Notes being redeemed, including any accrued and unpaid interest thereon.

Tax Credit Investments

Tax Credit Investments	9 Months Ended
	Sep. 30, 2020
Tax Credit Investments
Tax Credit Investments	Note 9: Tax Credit Investments The Company invests in qualified affordable housing projects and federal historic projects for the purpose of community reinvestment and obtaining tax credits. The Company’s tax credit investments are limited to existing lending relationships with well-known developers and projects within the Company’s market area. The following table presents the Company’s investments in qualified affordable housing projects and other tax credit investments at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 Investment ​ Accounting Method ​ ​ Investment ​ ​ Unfunded Commitment (1) ​ ​ Investment ​ ​ Unfunded Commitment Low Income Housing Tax Credit (LIHTC) ​ Proportional Amortization ​ $ 1,937 ​ $ — ​ $ 2,148 ​ $ — Federal Historic Tax Credit (FHTC) ​ Equity ​ ​ 2,344 ​ ​ 2,394 ​ ​ 2,262 ​ ​ 3,395 Total ​ ​ ​ $ 4,281 ​ $ 2,394 ​ $ 4,410 ​ $ 3,395 (1) All commitments are expected to be paid by the Company by September 30, 2021. ​ The following table presents the amortization expense and tax benefit recognized for the Company’s qualified affordable housing projects and other tax credit investments for the three and nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Amortization Expense (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC $ 70 ​ $ 72 ​ $ 211 ​ $ 216 FHTC ​ 146 ​ ​ 530 ​ ​ 592 ​ ​ 2,097 Total $ 216 ​ $ 602 ​ $ 803 ​ $ 2,313 Tax Benefit Recognized (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC $ (83) ​ $ (83) ​ $ (248) ​ $ (248) FHTC ​ (220) ​ ​ (641) ​ ​ (837) ​ ​ (2,539) Total $ (303) ​ $ (724) ​ $ (1,085) ​ $ (2,787) (1) The amortization expense for the LIHTC investments are included in income tax expense. The amortization for the FHTC tax credits are included in noninterest expense. (2) All of the tax benefits recognized are included in income tax expense. The tax benefit recognized for the FHTC investments primarily reflects the tax credits generated from the investments, and excludes the net tax expense/benefit of the investments’ income/loss.

Commitments, Contingencies and

Commitments, Contingencies and Credit Risk	9 Months Ended
	Sep. 30, 2020
Commitments, Contingencies and Credit Risk
Commitments, Contingencies and Credit Risk	Note 10: 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 September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Unfunded Commitments Under Lines of Credit ​ $ 605,994 ​ $ 500,962 Letters of Credit ​ 85,901 ​ 79,225 Totals ​ $ 691,895 ​ $ 580,187 ​ The Company had outstanding letters of credit with the FHLB in total amounts of $74,207 and $108,502 at September 30, 2020 and December 31, 2019, respectively, on behalf of customers and to secure public deposits. On August 24, 2020, the Company opened its newly constructed office complex in St. Louis Park, Minnesota. The remaining contractual obligations relating to the construction costs of the building are minimal. 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 and Restricted St

Stock Options and Restricted Stock Awards	9 Months Ended
	Sep. 30, 2020
Stock Options and Restricted Stock Awards
Stock Options and Restricted Stock Awards	Note 11: Stock Options and Restricted Stock Awards The Company established the Bridgewater Bancshares, Inc. 2012 Combined Incentive and Non-Statutory Stock Option Plan (the “2012 Plan”) under which the Company may grant options to its directors, officers, employees, and consultants for up to 750,000 shares of common stock. Both incentive stock options and nonqualified stock options may be granted under the 2012 Plan. The exercise price of each option equals the fair market value of the Company’s stock on the date of grant and the maximum term of each outstanding option is ten years . All outstanding options have been granted with vesting periods of five years . As of September 30, 2020 and December 31, 2019, there were 30,000 and -0- shares, respectively, of the Company’s common stock reserved for future option grants under the 2012 Plan. In 2017, the Company adopted 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, employees and consultants for up to 1,500,000 shares of common stock. Both incentive stock options and nonqualified stock options may be granted under the 2017 Plan. The exercise price of each option equals the fair market value of the Company’s stock on the date of grant and the maximum term of each outstanding option is ten years. All outstanding options have been granted with vesting periods of four In 2019, the Company adopted the Bridgewater Bancshares, Inc. 2019 Equity Incentive Plan (the “2019 EIP”). The types of awards which may be granted under the 2019 EIP include incentive and nonqualified stock options, stock appreciation rights, stock awards, restricted stock units, restricted stock and cash incentive awards. The Company may grant these awards to its directors, officers, employees and certain other service providers for up to 1,000,000 shares of common stock. The exercise price of each option equals the fair market value of the Company’s stock on the date of grant and the maximum term of each award is ten years. All outstanding awards have been granted with a vesting period of four years. As of September 30, 2020 and December 31, 2019, there were 771,489 and 867,040 of remaining shares of the Company’s common stock reserved for future grants under the 2019 EIP. Stock Options The fair value of each option award is estimated on the date of grant using a closed form option valuation (Black-Scholes) model that uses the assumptions noted in the table below. Expected volatilities are based on an industry index as described below. The expected term of options granted is based on historical data and represents the period of time that options granted are expected to be outstanding, which takes into account that the options are not transferable. The risk-free interest rate for the expected term of the option is based on the U.S. Treasury yield curve in effect at the time of the grant. Historically, the Company has not paid a dividend on its common stock 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 54 banks in the index ranging in market capitalization from $500 million up to $4.5 billion. ​ The weighted average assumptions used in the model for valuing stock option grants for the nine months ended September 30, 2020, are as follows: ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2020 Dividend Yield — % Expected Life 7 Years Expected Volatility 44.14 % Risk-Free Interest Rate 0.68 % ​ The following table presents a summary of the status of the Company’s stock option grants for the nine months ended September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Weighted ​ ​ ​ ​ Average ​ ​ Shares ​ Exercise Price Outstanding at Beginning of Year 1,961,650 ​ $ 7.08 Granted 60,000 ​ 10.61 Exercised (17,500) ​ 3.11 Forfeitures (33,000) ​ 7.47 Outstanding at Period End 1,971,150 ​ $ 7.22 ​ ​ ​ ​ ​ ​ Options Exercisable at Period End 1,010,550 ​ $ 5.21 ​ For the three months ended September 30, 2020 and 2019, the Company recognized compensation expense for stock options of $205 and $175, respectively. For the nine months ended September 30, 2020 and 2019, the Company recognized compensation expense for stock options of $653 and $524, respectively. The following table presents information pertaining to options outstanding at September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ Number ​ Remaining ​ ​ ​ ​ Number Exercise Price Outstanding Contractual Life ​ ​ Exercise Price Outstanding $ 2.13 66,750 2.5 Years ​ $ 2.13 ​ 66,750 ​ 3.00 447,500 3.3 Years ​ 3.00 ​ 447,500 ​ 3.58 45,000 4.3 Years ​ 3.58 ​ 45,000 ​ 7.47 988,900 7.0 Years ​ 7.47 ​ 400,300 ​ 13.22 ​ 25,000 ​ 7.6 Years ​ ​ 13.22 ​ ​ 10,000 ​ 12.86 ​ 45,000 ​ 7.9 Years ​ ​ 12.86 ​ ​ 18,000 ​ 12.94 ​ 30,000 ​ 8.0 Years ​ ​ 12.94 ​ ​ 6,000 ​ 11.59 ​ 25,000 ​ 8.1 Years ​ ​ 11.59 ​ ​ 5,000 ​ 11.15 ​ 10,000 ​ 8.4 Years ​ ​ 11.15 ​ ​ 2,000 ​ 11.13 ​ 50,000 ​ 8.9 Years ​ ​ 11.13 ​ ​ 10,000 ​ 12.92 ​ 178,000 ​ 9.2 Years ​ ​ 12.92 ​ ​ — ​ 12.67 ​ 25,000 ​ 9.4 Years ​ ​ 12.67 ​ ​ — ​ 8.76 ​ 25,000 ​ 9.5 Years ​ ​ 8.76 ​ ​ — ​ 10.08 ​ 10,000 ​ 9.7 Years ​ ​ 10.08 ​ ​ — ​ Totals 1,971,150 6.3 Years ​ $ 7.22 ​ ​ 1,010,550 ​ As of September 30, 2020, there was $2,256 of total unrecognized compensation cost related to nonvested stock options granted under the 2012 Plan, 2017 Plan and 2019 EIP that is expected to be recognized over a weighted-average period of 4.8 years. The following presents an analysis of nonvested stock options issued and outstanding for the nine months ended September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Options at December 31, 2019 969,600 ​ $ 3.08 Granted 60,000 ​ ​ 4.39 Vested (36,000) ​ ​ 3.02 Forfeited ​ (33,000) ​ ​ 2.80 Nonvested Options at September 30, 2020 960,600 ​ $ 3.17 ​ Restricted Stock Awards In 2019, the Company granted restricted stock awards out of the 2019 EIP. These awards vest in equal annual installments on the first four The following table presents an analysis of nonvested restricted stock awards outstanding for the nine months ended September 30, 2020: ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Awards at December 31, 2019 132,960 ​ $ 12.92 Granted 16,141 ​ ​ 10.11 Vested — ​ ​ — Forfeited ​ (3,200) ​ ​ 12.92 Nonvested Awards at September 30, 2020 145,901 ​ $ 12.61 ​ Compensation expense associated with the restricted stock awards is recognized on a straight-line basis over the period that the restrictions associated with the awards lapse based on the total cost of the award at the grant date. For the three and nine months ended September 30, 2020, the Company recognized compensation expense for restricted stock awards of $109 and $330, respectively. No compensation expense was recognized for restricted stock awards for the three and nine months ended September 30, 2019. As of September 30, 2020, there was $1,479 of total unrecognized compensation cost related to nonvested restricted stock awards granted under the 2019 EIP that is expected to be recognized over a period of four years. In addition, during the nine months ended September 30, 2020, the Company issued 22,610 shares of common stock to directors as a part of their compensation for their annual services on the Company’s board of directors. The aggregate value of the shares issued to directors of $222 was included in stock based compensation expense in the accompanying consolidated statements of shareholders’ equity.

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 30, 2020
Regulatory Capital
Regulatory Capital	Note 12: 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 1 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 were phased in incrementally, with full implementation on 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 tables below and defined in the regulations) 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 September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Required ​ For Capital Adequacy ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ For Capital Adequacy ​ Purposes Plus Capital ​ Under Prompt Corrective ​ ​ ​ Actual ​ Purposes ​ Conservation Buffer ​ Action Regulations ​ September 30, 2020 Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ ​ ​ (dollars in thousands) ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 359,597 ​ 15.45 % $ 186,206 ​ 8.00 % $ 244,396 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-Based Capital ​ ​ 256,805 ​ 11.03 ​ ​ 139,655 ​ 6.00 ​ ​ 197,844 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 256,805 ​ 11.03 ​ ​ 104,741 ​ 4.50 ​ ​ 162,931 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 256,805 ​ 9.83 ​ ​ 104,543 ​ 4.00 ​ ​ 104,543 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 322,276 ​ 13.85 % $ 186,104 ​ 8.00 % $ 244,262 ​ 10.50 % $ 232,630 ​ 10.00 % Tier 1 Risk-Based Capital ​ ​ 293,164 ​ 12.60 ​ ​ 139,578 ​ 6.00 ​ ​ 197,736 ​ 8.50 ​ ​ 186,104 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 293,164 ​ 12.60 ​ ​ 104,684 ​ 4.50 ​ ​ 162,841 ​ 7.00 ​ ​ 151,210 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 293,164 ​ 11.24 ​ ​ 104,350 ​ 4.00 ​ ​ 104,350 ​ 4.00 ​ ​ 130,437 ​ 5.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Required ​ For Capital Adequacy ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ For Capital Adequacy ​ Purposes Plus Capital ​ Under Prompt Corrective ​ ​ ​ Actual ​ Purposes ​ Conservation Buffer ​ Action Regulations ​ December 31, 2019 Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ ​ ​ (dollars in thousands) ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 269,613 ​ 12.98 % $ 166,163 ​ 8.00 % $ 218,089 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-Based Capital ​ ​ 236,533 ​ 11.39 ​ ​ 124,623 ​ 6.00 ​ ​ 176,549 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 236,533 ​ 11.39 ​ ​ 93,467 ​ 4.50 ​ ​ 145,393 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 236,533 ​ 10.69 ​ ​ 88,498 ​ 4.00 ​ ​ 88,498 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 252,501 ​ 12.16 % $ 166,137 ​ 8.00 % $ 218,055 ​ 10.50 % $ 207,671 ​ 10.00 % Tier 1 Risk-Based Capital ​ ​ 243,461 ​ 11.72 ​ ​ 124,603 ​ 6.00 ​ ​ 176,521 ​ 8.50 ​ ​ 166,137 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 243,461 ​ 11.72 ​ ​ 93,452 ​ 4.50 ​ ​ 145,370 ​ 7.00 ​ ​ 134,986 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 243,461 ​ 11.01 ​ ​ 88,455 ​ 4.00 ​ ​ 88,455 ​ 4.00 ​ ​ 110,569 ​ 5.00 ​ ​ The Company and 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, stock repurchases and certain discretionary bonus payments to executive officers.

Stock Repurchase Program

Stock Repurchase Program	9 Months Ended
	Sep. 30, 2020
Stock Repurchase Program
Stock Repurchase Program	Note 13: Stock Repurchase Program On January 22, 2019, the Company adopted a stock repurchase program. Under the initial terms of the repurchase program, the Company could repurchase up to $15.0 million of its common stock during the 24-month Any repurchases are subject to compliance with applicable laws and regulations. Repurchases are conducted in consideration of general market and economic conditions, regulatory requirements, availability of funds, and other relevant considerations, as determined by the Company. The stock repurchase program may be modified, suspended or discontinued at any time at the discretion of the Company’s Board of Directors. On July 23, 2019, the Company’s Board of Directors approved a $10.0 million increase to the Company’s stock repurchase program, increasing the authorization to repurchase common stock under the program from a total of $15.0 million to up to a total of $25.0 million. The stock repurchase program continues through January 22, 2021. In response to the pandemic and the related economic and market uncertainty, the Company stopped repurchasing shares under the program on March 16, 2020. Strong earnings and capital growth coupled with better asset quality visibility as loan modifications expired, supported management’s decision to resume repurchases under the Company’s stock repurchase program late in the third quarter of 2020. The Company remains committed to maintaining strong capital levels with enhancing shareholder value as it strategically executes its stock repurchase program in this fluid economic environment. During the three months ended September 30, 2020, the Company repurchased 137,984 shares of its common stock, representing less than 1% of the Company’s outstanding shares. Shares were repurchased during this period at a weighted average price of $9.39 for a total of $1.3 million. During the nine months ended September 30, 2020, the Company repurchased 315,848 shares of its common stock, representing approximately 1% of the Company’s outstanding shares. Shares were repurchased at a weighted average price of $10.59 for a total of $3.3 million. All shares repurchased under the stock repurchase program were converted to authorized but unissued shares. At September 30, 2020, the remaining amount that could be used to repurchase shares under the stock repurchase program was $6.7 million.

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 2020
Fair Value Measurement
Fair Value Measurement	Note 14: 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 tables present the balances of the assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ — ​ $ 105,254 ​ $ — ​ $ 105,254 Mortgage-Backed Securities ​ ​ — ​ ​ 118,359 ​ ​ — ​ ​ 118,359 Corporate Securities ​ ​ — ​ ​ 68,506 ​ ​ — ​ ​ 68,506 SBA Securities ​ ​ — ​ ​ 42,507 ​ ​ — ​ ​ 42,507 Asset-Backed Securities ​ ​ — ​ ​ 39,329 ​ ​ — ​ ​ 39,329 Interest Rate Swaps ​ ​ — ​ ​ 3,591 ​ ​ — ​ ​ 3,591 Total Fair Value of Financial Assets ​ $ — ​ $ 377,546 ​ $ — ​ $ 377,546 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 7,490 ​ $ — ​ $ 7,490 Total Fair Value of Financial Liabilities ​ $ — ​ $ 7,490 ​ $ — ​ $ 7,490 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 4,998 ​ $ — ​ $ — ​ $ 4,998 Municipal Bonds ​ ​ — ​ ​ 105,743 ​ ​ — ​ ​ 105,743 Mortgage-Backed Securities ​ ​ — ​ ​ 64,728 ​ ​ — ​ ​ 64,728 Corporate Securities ​ ​ — ​ ​ 50,176 ​ ​ — ​ ​ 50,176 SBA Securities ​ ​ — ​ ​ 49,559 ​ ​ — ​ ​ 49,559 Asset-Backed Securities ​ ​ — ​ ​ 14,673 ​ ​ — ​ ​ 14,673 Interest Rate Swaps ​ ​ — ​ ​ 284 ​ ​ — ​ ​ 284 Total Fair Value of Financial Assets ​ $ 4,998 ​ $ 285,163 ​ $ — ​ $ 290,161 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 902 ​ $ — ​ $ 902 Total Fair Value of Financial Liabilities ​ $ — ​ $ 902 ​ $ — ​ $ 902 ​ 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 Swaps 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 at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 80 ​ $ — ​ $ 197 Totals ​ $ — ​ $ 80 ​ $ — ​ $ 197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 75 ​ $ — ​ $ 206 Totals ​ $ — ​ $ 75 ​ $ — ​ $ 206 ​ 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. 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 September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 91,510 ​ $ 91,510 ​ $ — ​ $ — ​ $ 91,510 Bank-Owned Certificates of Deposit ​ ​ 2,862 ​ ​ — ​ ​ 2,920 ​ ​ — ​ ​ 2,920 Securities Available for Sale ​ ​ 373,955 ​ ​ — ​ ​ 373,955 ​ ​ — ​ ​ 373,955 FHLB Stock, at Cost ​ ​ 7,817 ​ ​ — ​ ​ 7,817 ​ ​ — ​ ​ 7,817 Loans, Net ​ ​ 2,217,480 ​ ​ — ​ ​ 2,256,282 ​ ​ — ​ ​ 2,256,282 Accrued Interest Receivable ​ ​ 9,647 ​ ​ — ​ ​ 9,647 ​ ​ — ​ ​ 9,647 Interest Rate Swaps ​ ​ 3,591 ​ ​ — ​ ​ 3,591 ​ ​ — ​ ​ 3,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,273,044 ​ $ — ​ $ 2,281,737 ​ $ — ​ $ 2,281,737 Notes Payable ​ ​ 11,500 ​ ​ — ​ ​ 11,502 ​ ​ — ​ ​ 11,502 FHLB Advances ​ ​ 127,500 ​ ​ — ​ ​ 134,533 ​ ​ — ​ ​ 134,533 Subordinated Debentures ​ ​ 73,665 ​ ​ — ​ ​ 74,964 ​ ​ — ​ ​ 74,964 Accrued Interest Payable ​ ​ 2,082 ​ ​ — ​ ​ 2,082 ​ ​ — ​ ​ 2,082 Interest Rate Swaps ​ ​ 7,490 ​ ​ — ​ ​ 7,490 ​ ​ — ​ ​ 7,490 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 31,935 ​ $ 31,935 ​ $ — ​ $ — ​ $ 31,935 Bank-Owned Certificates of Deposit ​ ​ 2,654 ​ ​ — ​ ​ 2,677 ​ ​ — ​ ​ 2,677 Securities Available for Sale ​ ​ 289,877 ​ ​ 4,998 ​ ​ 284,879 ​ ​ — ​ ​ 289,877 FHLB Stock, at Cost ​ ​ 7,824 ​ ​ — ​ ​ 7,824 ​ ​ — ​ ​ 7,824 Loans, Net ​ ​ 1,884,000 ​ ​ — ​ ​ 1,891,987 ​ ​ — ​ ​ 1,891,987 Accrued Interest Receivable ​ ​ 6,775 ​ ​ — ​ ​ 6,775 ​ ​ — ​ ​ 6,775 Interest Rate Swaps ​ ​ 284 ​ ​ — ​ ​ 284 ​ ​ — ​ ​ 284 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 1,823,310 ​ $ — ​ $ 1,821,915 ​ $ — ​ $ 1,821,915 Notes Payable ​ ​ 13,000 ​ ​ — ​ ​ 13,022 ​ ​ — ​ ​ 13,022 FHLB Advances ​ ​ 136,500 ​ ​ — ​ ​ 141,152 ​ ​ — ​ ​ 141,152 Subordinated Debentures ​ ​ 24,733 ​ ​ — ​ ​ 25,309 ​ ​ — ​ ​ 25,309 Accrued Interest Payable ​ ​ 1,982 ​ ​ — ​ ​ 1,982 ​ ​ — ​ ​ 1,982 Interest Rate Swaps ​ ​ 902 ​ ​ — ​ ​ 902 ​ ​ — ​ ​ 902 ​ The following methods and assumptions were used by the Company to estimate fair value of consolidated financial statements not previously discussed. Cash and due from banks Bank-owned certificates of deposit FHLB stock Loans, Net Accrued interest receivable Deposits Federal funds purchased Notes payable and subordinated debentures FHLB advances Accrued interest payable Off-balance sheet instruments Limitations

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2020
Subsequent Events
Subsequent Events	​ Note 15: Subsequent Events ​ On October 27, 2020, the Company’s Board of Directors approved a $15 million increase to the Company’s previously announced stock repurchase program, increasing the amount of common stock to be repurchased from $25 million to up to $40 million for the duration of the program. Additionally, the Board extended the stock repurchase program to run through October 27, 2022. Any repurchases are subject to compliance with applicable laws and regulations. Repurchases will be conducted in consideration of general market and economic conditions, regulatory requirements, availability of funds, and other relevant considerations, as determined by the Company. The stock repurchase program may be modified, suspended or discontinued at any time at the discretion of the Company’s Board of Directors. ​

Description of the Business a_2

Description of the Business and Summary of Significant Accounting Policies (Policies )	9 Months Ended
	Sep. 30, 2020
Description of the Business and Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of the consolidated balance sheets, consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of shareholders’ equity and consolidated statements of cash flows in conformity with U.S. generally accepted accounting principles (“GAAP”). However, all normal recurring adjustments which are, in the opinion of management, necessary for the fair presentation of the interim financial statements have been included. The results of operations for the three and nine month periods ended September 30, 2020 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 Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 12, 2020.
Principles of Consolidation	Principles of Consolidation These consolidated financial statements include the amounts of the Company, the Bank, with locations in Bloomington, Greenwood, Minneapolis (2), St. Louis Park, Orono, and St. Paul, Minnesota, BWB Holdings, LLC, Bridgewater Investment Management, Inc., and Bridgewater Risk Management, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates in Preparation of Financial Statements	Use of Estimates in Preparation of Financial Statements The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Information available which could affect judgements includes, but is not limited to, changes in interest rates, changes in the performance of the economy, including COVID-19 pandemic related changes, and changes in the financial condition of borrowers. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses, calculation of deferred tax assets, fair value of financial instruments, and investment securities impairment.
Paycheck Protection Program Loan Segment	Paycheck Protection Program Loan Segment The Company maintains a separate general valuation allowance for each portfolio segment. The Paycheck Protection Program, or PPP, loan segment was added by the Company in the second quarter of 2020. PPP loans are loans to businesses, sole proprietorships, independent contractors and self-employed individuals who meet certain criteria and eligibility requirements through a loan program established by the Coronavirus Aid, Relief and Economic Security Act, or, CARES Act, and administered through the Small Business Administration (SBA). PPP loans generally have a two year term and earn interest at 1%. The Company believes that the primary source of repayment will be forgiveness granted by the SBA in accordance with the terms of the program. Credit risk in these loans is limited due to a full guarantee by the U.S. Government. The Company does not assign risk ratings to loans in this segment and will continue to monitor segment performance as circumstances evolve.
Impact of Recent Accounting Standards	Impact of Recently Adopted Accounting Guidance In January 2017, the Financial Accounting Standards Board, or FASB, issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment. Company believed such decrease was a triggering event requiring an interim goodwill impairment analysis as of March 31, 2020. Under the new simplified guidance, the Company’s estimated fair value to a market participant as of March 31, 2020, exceeded its carrying amount resulting in no impairment charge for the period. ​ In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement. ​ In August 2018, the FASB issued ASU 2018-15, Intangibles – Goodwill and Other – Internal-Use Software (Subtopic 350-40). The amendments in this ASU align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software (and hosting arrangements that include an internal use software license). The Company adopted the accounting standard during the first quarter of 2020. ​ In April 2020, various regulatory agencies, including the Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation, issued an interagency statement titled Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus , that encourages financial institutions to work prudently with borrowers who are or may be unable to meet their contractual payment obligations due to the effects of the COVID-19 pandemic. The interagency statement was effective immediately and impacted accounting for loan modifications. Under Accounting Standards Codification 310-40, Receivables – Troubled Debt Restructurings by Creditors (ASC 310-40) , a restructuring of debt constitutes a troubled debt restructuring, or TDR, if the creditor, for economic or legal reasons related to the debtor’s financial difficulties, grants a concession to the debtor that it would not otherwise consider. The regulatory agencies confirmed with the staff of the FASB that short-term modifications made on a good faith basis in response to the COVID-19 pandemic to borrowers who were current prior to any relief, are not to be considered TDRs. These include short-term modifications such as payment deferrals, fee waivers, extensions of repayment terms, or other delays in payment that are insignificant. ​ Additionally, Section 4013 of the CARES Act that passed on ​ (i) to suspend the requirements under GAAP for loan modifications related to the COVID–19 pandemic that would otherwise be categorized as a TDR; and/or (ii) to suspend any determination of a loan modified as a result of the effects of the COVID–19 pandemic as being a TDR, including impairment for accounting purposes. ​ If a bank elects a suspension noted above, the suspension (i) will be effective for the term of the loan modification, but solely with respect to any modification, including a forbearance arrangement, an interest rate modification, a repayment plan, and any other similar arrangement that defers or delays the payment of principal or interest, that occurs during the applicable period for a loan that was not more than 30 days past due as of December 31, 2019; and (ii) will not apply to any adverse impact on the credit of a borrower that is not related to the COVID–19 pandemic. The Company has applied this guidance to qualifying loan modifications. ​ Impact of Recently Issued Accounting Standards The following ASUs have been issued by the FASB and may impact the Company’s consolidated financial statements in future reporting periods. In January 2020, the FASB issued ASU 2020-01, Investments – Equity Securities (Topic 321), Investments – Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815): Clarifying the Interactions between Topic 321, Topic 323 and Topic 815 ​ In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting ​ If reference rates are discontinued, the existing contracts will be modified to replace the discontinued rate with a replacement rate. For accounting purposes, such contract modifications would have to be evaluated to determine whether the modified contract is a new contract or a continuation of an existing contract. If they are considered new contracts, the previous contract would be extinguished. Under one of the optional expedients of ASU 2020-04, modifications of contracts within the scope of Topic 310, Receivables, and 470, Debt, will be accounted for by prospectively adjusting the effective interest rates and no such evaluation is required. When elected, the optional expedient for contract modifications must be applied consistently for all eligible contracts or eligible transactions. The expedients and exceptions in this update are available to all entities starting March 12, 2020 through December 31, 2022. The Company is in the process of evaluating the impact of this pronouncement on those financial assets and liabilities where LIBOR is used as an index rate. ​ In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). The new topic supersedes Topic 840, Leases, and increases transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and requires disclosures of key information about leasing arrangements. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842 Leases: Targeted Improvements
Subsequent Events	Subsequent Events ​ Subsequent events have been evaluated through November 5, 2020, which is the date the consolidated financial statements were available to be issued.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Earnings Per Share
Schedule of numerators and denominators for basic and diluted earnings per share computations	The following table presents the numerators and denominators for basic and diluted earnings per share computations for the three and nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Net Income Available to Common Shareholders ​ $ 7,174 ​ $ 7,805 ​ $ 22,215 ​ $ 22,832 Weighted Average Common Stock Outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Common Stock Outstanding (Basic) ​ ​ 28,683,855 ​ ​ 28,820,144 ​ ​ 28,717,142 ​ ​ 29,535,589 Dilutive Effect of Stock Compensation ​ ​ 490,746 ​ ​ 677,817 ​ ​ 583,621 ​ ​ 645,967 Weighted Average Common Stock Outstanding (Dilutive) ​ ​ 29,174,601 ​ ​ 29,497,961 ​ ​ 29,300,763 ​ ​ 30,181,556 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Earnings per Common Share ​ $ 0.25 ​ $ 0.27 ​ $ 0.77 ​ $ 0.77 Diluted Earnings per Common Share ​ ​ 0.25 ​ ​ 0.27 ​ ​ 0.76 ​ ​ 0.76

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2020
Securities
Summary of the amortized cost and estimated fair value of securities with gross unrealized gains and losses	The following tables present the amortized cost and estimated fair value of securities with gross unrealized gains and losses at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 97,294 ​ $ 8,354 ​ $ (394) ​ $ 105,254 Mortgage-Backed Securities ​ 116,252 ​ 2,517 ​ (410) ​ 118,359 Corporate Securities ​ 68,043 ​ 1,006 ​ (543) ​ 68,506 SBA Securities ​ 42,934 ​ 26 ​ (453) ​ 42,507 Asset-Backed Securities ​ ​ 38,846 ​ ​ 683 ​ ​ (200) ​ ​ 39,329 Total Securities Available for Sale ​ $ 363,369 ​ $ 12,586 ​ $ (2,000) ​ $ 373,955 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 4,990 ​ $ 8 ​ $ — ​ $ 4,998 Municipal Bonds ​ ​ 99,441 ​ ​ 6,338 ​ ​ (36) ​ ​ 105,743 Mortgage-Backed Securities ​ 64,312 ​ 697 ​ (281) ​ 64,728 Corporate Securities ​ 49,674 ​ 633 ​ (131) ​ 50,176 SBA Securities ​ 50,126 ​ 35 ​ (602) ​ 49,559 Asset-Backed Securities ​ ​ 14,673 ​ ​ — ​ ​ — ​ ​ 14,673 Total Securities Available for Sale ​ $ 283,216 ​ $ 7,711 ​ $ (1,050) ​ $ 289,877
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	The following tables present 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 at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 13,593 ​ $ (387) ​ $ 223 ​ $ (7) ​ $ 13,816 ​ $ (394) Mortgage-Backed Securities ​ 28,897 ​ ​ (410) ​ ​ 2,481 ​ ​ — ​ 31,378 ​ (410) Corporate Securities ​ 22,714 ​ ​ (472) ​ ​ 1,429 ​ ​ (71) ​ 24,143 ​ (543) SBA Securities ​ 6,585 ​ ​ (16) ​ ​ 30,740 ​ ​ (437) ​ 37,325 ​ (453) Asset-Backed Securities ​ ​ 15,073 ​ ​ (200) ​ ​ — ​ ​ — ​ ​ 15,073 ​ ​ (200) Total Securities Available for Sale ​ $ 86,862 ​ $ (1,485) ​ $ 34,873 ​ $ (515) ​ $ 121,735 ​ $ (2,000) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 2,760 ​ $ (23) ​ $ 1,390 ​ $ (13) ​ $ 4,150 ​ $ (36) Mortgage-Backed Securities ​ 32,276 ​ ​ (242) ​ ​ 3,098 ​ ​ (39) ​ 35,374 ​ (281) Corporate Securities ​ 8,350 ​ ​ (131) ​ ​ — ​ ​ — ​ 8,350 ​ (131) SBA Securities ​ 11,907 ​ ​ (64) ​ ​ 31,036 ​ ​ (538) ​ 42,943 ​ (602) Total Securities Available for Sale ​ $ 55,293 ​ $ (460) ​ $ 35,524 ​ $ (590) ​ $ 90,817 ​ $ (1,050)
Schedule of contractual maturities of debt	The following presents a summary of amortized cost and estimated fair value of debt securities by the lesser of expected call date or contractual maturity as of September 30, 2020. 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, SBA securities and asset-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 Amortized Cost Fair Value Due in One Year or Less ​ $ 6,772 ​ $ 6,796 Due After One Year Through Five Years ​ 49,190 ​ 50,410 Due After Five Years Through 10 Years ​ 90,941 ​ 95,762 Due After 10 Years ​ 18,434 ​ 20,792 Subtotal ​ 165,337 ​ 173,760 Mortgage-Backed Securities ​ 116,252 ​ 118,359 SBA Securities ​ 42,934 ​ 42,507 Asset-Backed Securities ​ ​ 38,846 ​ ​ 39,329 Totals ​ $ 363,369 ​ $ 373,955
Summary of the proceeds from sales of securities available for sale, as well as gross gains and losses	The following table presents a summary of the proceeds from sales of securities available for sale, as well as gross gains and losses, for the three and nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Proceeds From Sales of Securities ​ $ 4,794 ​ $ 2,555 ​ $ 38,832 ​ $ 42,864 Gross Gains on Sales ​ 123 ​ 58 ​ 1,561 ​ 774 Gross Losses on Sales ​ (14) ​ — ​ (88) ​ (258)

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2020
Loans
Summary of components of loans	The following table presents the components of the loan portfolio at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Commercial ​ $ 287,254 ​ $ 276,035 Paycheck Protection Program ​ ​ 181,596 ​ ​ — Construction and Land Development ​ 175,882 ​ 196,776 Real Estate Mortgage: ​ ​ ​ ​ 1-4 Family Mortgage ​ 286,089 ​ 260,611 Multifamily ​ 585,814 ​ 515,014 CRE Owner Occupied ​ ​ 75,963 ​ ​ 66,584 CRE Non-owner Occupied ​ ​ 660,058 ​ ​ 592,545 Total Real Estate Mortgage Loans ​ ​ 1,607,924 ​ ​ 1,434,754 Consumer and Other ​ ​ 6,572 ​ ​ 4,473 Total Loans, Gross ​ 2,259,228 ​ 1,912,038 Allowance for Loan Losses ​ (31,381) ​ (22,526) Net Deferred Loan Fees ​ (10,367) ​ (5,512) Total Loans, Net ​ $ 2,217,480 ​ $ 1,884,000
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 September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 5,192 ​ $ 90 ​ $ 2,173 ​ $ 3,322 ​ $ 6,697 ​ $ 964 ​ $ 8,323 ​ $ 174 ​ $ 698 ​ $ 27,633 Provision for Loan Losses ​ 115 ​ ​ 1 ​ ​ 63 ​ ​ 384 ​ ​ 1,622 ​ ​ 140 ​ ​ 1,177 ​ ​ 3 ​ ​ 245 ​ 3,750 Loans Charged-off ​ (5) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (1) ​ ​ — ​ (6) Recoveries of Loans ​ 1 ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 4 Total Ending Allowance Balance ​ $ 5,303 ​ $ 91 ​ $ 2,236 ​ $ 3,709 ​ $ 8,319 ​ $ 1,104 ​ $ 9,500 ​ $ 176 ​ $ 943 ​ $ 31,381 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 3,181 ​ $ — ​ $ 2,246 ​ $ 2,827 ​ $ 4,994 ​ $ 844 ​ $ 6,485 ​ $ 66 ​ $ 719 ​ $ 21,362 Provision for Loan Losses ​ 196 ​ ​ — ​ ​ 196 ​ ​ (15) ​ ​ 183 ​ ​ 5 ​ ​ 50 ​ ​ 18 ​ ​ 267 ​ 900 Loans Charged-off ​ (141) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (3) ​ ​ — ​ (144) Recoveries of Loans ​ 2 ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ 6 Total Ending Allowance Balance ​ $ 3,238 ​ $ — ​ $ 2,442 ​ $ 2,815 ​ $ 5,177 ​ $ 849 ​ $ 6,535 ​ $ 82 ​ $ 986 ​ $ 22,124 ​ The following table presents the activity in the allowance for loan losses, by segment, for the nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2020 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 3,058 ​ $ — ​ $ 2,202 ​ $ 2,839 ​ $ 5,824 ​ $ 792 ​ $ 6,972 ​ $ 85 ​ $ 754 ​ $ 22,526 Provision for Loan Losses ​ 2,279 ​ ​ 91 ​ ​ 34 ​ ​ 819 ​ ​ 2,495 ​ ​ 312 ​ ​ 2,528 ​ ​ 103 ​ ​ 189 ​ 8,850 Loans Charged-off ​ (39) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (15) ​ ​ — ​ (54) Recoveries of Loans ​ 5 ​ ​ — ​ ​ — ​ ​ 51 ​ ​ — ​ ​ — ​ ​ — ​ ​ 3 ​ ​ — ​ 59 Total Ending Allowance Balance ​ $ 5,303 ​ $ 91 ​ $ 2,236 ​ $ 3,709 ​ $ 8,319 ​ $ 1,104 ​ $ 9,500 ​ $ 176 ​ $ 943 ​ $ 31,381 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 2,898 ​ $ — ​ $ 2,451 ​ $ 2,597 ​ $ 4,644 ​ $ 808 ​ $ 5,872 ​ $ 65 ​ $ 696 ​ $ 20,031 Provision for Loan Losses ​ 495 ​ ​ — ​ ​ (10) ​ ​ 53 ​ ​ 533 ​ ​ 41 ​ ​ 663 ​ ​ 35 ​ ​ 290 ​ 2,100 Loans Charged-off ​ (160) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (23) ​ ​ — ​ (183) Recoveries of Loans ​ 5 ​ ​ — ​ ​ 1 ​ ​ 165 ​ ​ — ​ ​ — ​ ​ — ​ ​ 5 ​ ​ — ​ 176 Total Ending Allowance Balance ​ $ 3,238 ​ $ — ​ $ 2,442 ​ $ 2,815 ​ $ 5,177 ​ $ 849 ​ $ 6,535 ​ $ 82 ​ $ 986 ​ $ 22,124 ​ 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 September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Allowance for Loan Losses at September 30, 2020 Commercial ​ Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Individually Evaluated for Impairment ​ $ 40 ​ $ — ​ $ — ​ $ 144 ​ $ — ​ $ — ​ $ — ​ $ 13 ​ $ — ​ $ 197 Collectively Evaluated for Impairment ​ ​ 5,263 ​ ​ 91 ​ ​ 2,236 ​ ​ 3,565 ​ ​ 8,319 ​ ​ 1,104 ​ ​ 9,500 ​ ​ 163 ​ ​ 943 ​ 31,184 Totals ​ $ 5,303 ​ $ 91 ​ $ 2,236 ​ $ 3,709 ​ $ 8,319 ​ $ 1,104 ​ $ 9,500 ​ $ 176 ​ $ 943 ​ $ 31,381 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses at December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 31 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 14 ​ $ — ​ $ 45 Collectively Evaluated for Impairment ​ 3,027 ​ ​ — ​ ​ 2,202 ​ ​ 2,839 ​ ​ 5,824 ​ ​ 792 ​ ​ 6,972 ​ ​ 71 ​ ​ 754 ​ 22,481 Totals ​ $ 3,058 ​ $ — ​ $ 2,202 ​ $ 2,839 ​ $ 5,824 ​ $ 792 ​ $ 6,972 ​ $ 85 ​ $ 754 ​ $ 22,526 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ Loans at September 30, 2020 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Total Individually Evaluated for Impairment ​ $ 432 ​ $ — ​ $ 156 ​ $ 1,773 ​ $ — ​ $ 1,589 ​ $ 12,111 ​ $ 13 ​ $ 16,074 Collectively Evaluated for Impairment ​ 286,822 ​ ​ 181,596 ​ ​ 175,726 ​ ​ 284,316 ​ ​ 585,814 ​ ​ 74,374 ​ ​ 647,947 ​ ​ 6,559 ​ 2,243,154 Totals ​ $ 287,254 ​ $ 181,596 ​ $ 175,882 ​ $ 286,089 ​ $ 585,814 ​ $ 75,963 ​ $ 660,058 ​ $ 6,572 ​ $ 2,259,228 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at December 31, 2019 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 273 ​ $ — ​ $ 176 ​ $ 1,059 ​ $ — ​ $ 236 ​ $ — ​ $ 14 ​ $ 1,758 Collectively Evaluated for Impairment ​ 275,762 ​ ​ — ​ ​ 196,600 ​ ​ 259,552 ​ ​ 515,014 ​ ​ 66,348 ​ ​ 592,545 ​ ​ 4,459 ​ 1,910,280 Totals ​ $ 276,035 ​ $ — ​ $ 196,776 ​ $ 260,611 ​ $ 515,014 ​ $ 66,584 ​ $ 592,545 ​ $ 4,473 ​ $ 1,912,038 ​
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 September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related ​ Investment Balance Allowance Investment Balance Allowance Loans With No Related Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 312 ​ $ 312 ​ $ — ​ $ 167 ​ $ 167 ​ $ — Construction and Land Development ​ ​ 156 ​ ​ 765 ​ ​ — ​ ​ 176 ​ ​ 785 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 884 ​ 884 ​ — ​ 302 ​ 489 ​ — 1st REM - Rentals ​ 745 ​ ​ 745 ​ — ​ 757 ​ 757 ​ — CRE Owner Occupied ​ 1,589 ​ 1,589 ​ — ​ 236 ​ 236 ​ — CRE Non Owner Occupied ​ ​ 12,111 ​ ​ 12,111 ​ ​ — ​ ​ — ​ ​ — ​ ​ — Totals ​ 15,797 ​ 16,406 ​ — ​ 1,638 ​ 2,434 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 120 ​ ​ 123 ​ ​ 40 ​ 106 ​ 109 ​ 31 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ 144 ​ ​ 331 ​ ​ 144 ​ ​ — ​ ​ — ​ ​ — Consumer and Other ​ ​ 13 ​ ​ 13 ​ ​ 13 ​ ​ 14 ​ ​ 14 ​ ​ 14 Totals ​ 277 ​ 467 ​ 197 ​ 120 ​ 123 ​ 45 Grand Totals ​ $ 16,074 ​ $ 16,873 ​ $ 197 ​ $ 1,758 ​ $ 2,557 ​ $ 45 ​ The following table presents information regarding the average balances and interest income recognized on impaired loans by loan segment for the three and nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2020 2019 ​ 2020 2019 ​ ​ 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 ​ $ 272 ​ $ 4 ​ $ — ​ $ — ​ $ 277 ​ $ 9 ​ $ — ​ $ — Construction and Land Development ​ ​ 162 ​ ​ — ​ ​ 2,410 ​ ​ 35 ​ ​ 168 ​ ​ — ​ ​ 2,734 ​ ​ 122 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ 865 ​ ​ 11 ​ ​ 155 ​ ​ 2 ​ ​ 804 ​ ​ 31 ​ ​ 156 ​ ​ 6 1st REM - 1-4 Family ​ ​ — ​ ​ — ​ ​ 617 ​ ​ 6 ​ ​ — ​ ​ — ​ ​ 617 ​ ​ 18 1st REM - Rentals ​ 748 ​ ​ 8 ​ ​ 760 ​ ​ 11 ​ 753 ​ ​ 21 ​ ​ 766 ​ ​ 29 CRE Owner Occupied ​ 1,594 ​ ​ 21 ​ ​ 338 ​ ​ 5 ​ 1,602 ​ ​ 65 ​ ​ 406 ​ ​ 17 CRE Non Owner Occupied ​ ​ 12,115 ​ ​ 172 ​ ​ — ​ ​ — ​ ​ 12,145 ​ ​ 514 ​ ​ — ​ ​ — Totals ​ 15,756 ​ 216 ​ 4,280 ​ 59 ​ 15,749 ​ 640 ​ 4,679 ​ 192 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 121 ​ ​ 1 ​ ​ 133 ​ ​ 6 ​ 124 ​ ​ 2 ​ ​ 138 ​ ​ 7 Construction and Land Development ​ ​ — ​ ​ — ​ ​ 50 ​ ​ 1 ​ ​ — ​ ​ — ​ ​ 50 ​ ​ 1 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ 144 ​ ​ — ​ ​ 305 ​ ​ — ​ ​ 144 ​ ​ — ​ ​ 306 ​ ​ — 1st REM - Rentals ​ — ​ ​ — ​ ​ 128 ​ ​ 3 ​ — ​ ​ — ​ ​ 129 ​ ​ 3 Consumer and Other ​ ​ 13 ​ ​ — ​ ​ 14 ​ ​ 2 ​ ​ 13 ​ ​ 1 ​ ​ 54 ​ ​ 2 ​ ​ 278 ​ 1 ​ 630 ​ 12 ​ 281 ​ 3 ​ 677 ​ 13 Grand Totals ​ $ 16,034 ​ $ 217 ​ $ 4,910 ​ $ 71 ​ $ 16,030 ​ $ 643 ​ $ 5,356 ​ $ 205
Summary of risk category of loans by loan segment, based on the most recent analysis performed by management	The following tables present the risk category of loans by loan segment as of September 30, 2020 and December 31, 2019, based on the most recent analysis performed by management: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Pass Watch Substandard Total Commercial ​ $ 266,555 ​ $ 20,267 ​ $ 432 ​ $ 287,254 Paycheck Protection Program ​ ​ 181,596 ​ ​ — ​ ​ — ​ ​ 181,596 Construction and Land Development ​ 175,597 ​ ​ 129 ​ ​ 156 ​ 175,882 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 28,924 ​ ​ — ​ ​ 884 ​ 29,808 1st REM - 1-4 Family ​ 37,134 ​ ​ 706 ​ ​ 173 ​ 38,013 LOCs and 2nd REM - Rentals ​ 19,493 ​ ​ — ​ ​ 144 ​ 19,637 1st REM - Rentals ​ 197,301 ​ ​ 758 ​ ​ 572 ​ 198,631 Multifamily ​ 585,814 ​ ​ — ​ ​ — ​ 585,814 CRE Owner Occupied ​ 74,374 ​ ​ — ​ ​ 1,589 ​ 75,963 CRE Non-owner Occupied ​ ​ 618,890 ​ ​ 29,057 ​ ​ 12,111 ​ ​ 660,058 Consumer and Other ​ 6,559 ​ ​ ​ ​ ​ 13 ​ 6,572 Totals ​ $ 2,192,237 ​ $ 50,917 ​ $ 16,074 ​ $ 2,259,228 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Pass Watch Substandard Total Commercial ​ $ 275,741 $ ​ 21 $ ​ 273 ​ $ 276,035 Construction and Land Development ​ 196,462 ​ ​ 138 ​ ​ 176 ​ 196,776 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 28,483 ​ ​ 138 ​ ​ — ​ 28,621 1st REM - 1-4 Family ​ 36,370 ​ ​ 124 ​ ​ 177 ​ 36,671 LOCs and 2nd REM - Rentals ​ 17,890 ​ ​ 479 ​ ​ 302 ​ 18,671 1st REM - Rentals ​ 174,781 ​ ​ 1,287 ​ ​ 580 ​ 176,648 Multifamily ​ 515,014 ​ ​ — ​ ​ — ​ 515,014 CRE Owner Occupied ​ 65,411 ​ ​ — ​ ​ 1,173 ​ 66,584 CRE Non-owner Occupied ​ ​ 589,457 ​ ​ 3,088 ​ ​ — ​ ​ 592,545 Consumer and Other ​ 4,459 ​ ​ — ​ ​ 14 ​ 4,473 Totals ​ $ 1,904,068 ​ $ 5,275 ​ $ 2,695 ​ $ 1,912,038
Summary of aging of the recorded investment in past due loans by loan segment	The following tables present the aging of the recorded investment in past due loans by loan segment as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ September 30, 2020 Current Past Due More Past Due Nonaccrual Total Commercial ​ $ 287,228 ​ $ 19 ​ $ — ​ $ 7 ​ $ 287,254 Paycheck Protection Program ​ ​ 181,596 ​ ​ — ​ ​ — ​ ​ — ​ ​ 181,596 Construction and Land Development ​ 175,287 ​ ​ 439 ​ ​ — ​ ​ 156 ​ 175,882 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 29,808 ​ ​ — ​ ​ — ​ ​ — ​ 29,808 1st REM - 1-4 Family ​ 38,013 ​ ​ — ​ ​ — ​ ​ — ​ 38,013 LOCs and 2nd REM - Rentals ​ 19,493 ​ ​ — ​ ​ — ​ ​ 144 ​ 19,637 1st REM - Rentals ​ 198,505 ​ ​ — ​ ​ — ​ ​ 126 ​ 198,631 Multifamily ​ 585,814 ​ ​ — ​ ​ — ​ ​ — ​ 585,814 CRE Owner Occupied ​ 75,963 ​ ​ — ​ ​ — ​ ​ — ​ 75,963 CRE Non-owner Occupied ​ 660,058 ​ ​ — ​ ​ — ​ ​ — ​ 660,058 Consumer and Other ​ 6,572 ​ ​ — ​ ​ — ​ ​ — ​ 6,572 Totals ​ $ 2,258,337 ​ $ 458 ​ $ — ​ $ 433 ​ $ 2,259,228 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ December 31, 2019 Current Past Due More Past Due Nonaccrual Total Commercial ​ $ 276,028 ​ $ — ​ $ — ​ $ 7 ​ $ 276,035 Construction and Land Development ​ 196,600 ​ ​ — ​ ​ — ​ ​ 176 ​ 196,776 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 28,621 ​ ​ — ​ ​ — ​ ​ — ​ 28,621 1st REM - 1-4 Family ​ 36,671 ​ ​ — ​ ​ — ​ ​ — ​ 36,671 LOCs and 2nd REM - Rentals ​ 18,527 ​ ​ — ​ ​ — ​ ​ 144 ​ 18,671 1st REM - Rentals ​ 176,114 ​ ​ 400 ​ ​ — ​ ​ 134 ​ 176,648 Multifamily ​ 515,014 ​ ​ — ​ ​ — ​ ​ — ​ 515,014 CRE Owner Occupied ​ 66,584 ​ ​ — ​ ​ — ​ ​ — ​ 66,584 CRE Non-owner Occupied ​ 592,545 ​ ​ — ​ ​ — ​ ​ — ​ 592,545 Consumer and Other ​ 4,470 ​ ​ 3 ​ ​ — ​ ​ — ​ 4,473 Totals ​ $ 1,911,174 ​ $ 403 ​ $ — ​ $ 461 ​ $ 1,912,038
Summary of closed loan modifications	The following table presents a summary of closed loan modifications made in response to the COVID-19 pandemic, by loan segment and modification type, as of September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-Only ​ Payment Deferral ​ Total (dollars in thousands) Amount # of Loans Amount # of Loans Amount # of Loans Commercial ​ $ 11,705 ​ 21 ​ $ 414 ​ 2 ​ $ 12,119 ​ 23 Construction and Land Development ​ ​ — ​ — ​ ​ — ​ — ​ ​ — ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1 - 4 Family Mortgage ​ ​ 5,589 ​ 10 ​ ​ — ​ — ​ ​ 5,589 ​ 10 Multifamily ​ ​ 42,273 ​ 6 ​ ​ — ​ — ​ ​ 42,273 ​ 6 CRE Owner Occupied ​ ​ 1,646 ​ 4 ​ ​ 1,502 ​ 3 ​ ​ 3,148 ​ 7 CRE Nonowner Occupied ​ ​ 99,672 ​ 35 ​ ​ 28,580 ​ 6 ​ ​ 128,252 ​ 41 Consumer and Other ​ ​ — ​ — ​ ​ — ​ — ​ ​ — ​ — Totals ​ $ 160,885 ​ 76 ​ $ 30,496 ​ 11 ​ $ 191,381 ​ 87

Premises and Equipment (Tables)

Premises and Equipment (Tables)	9 Months Ended
	Sep. 30, 2020
Premises and Equipment
Schedule of Premises and equipment	Premises and equipment are summarized as follows as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range of ​ September 30, ​ December 31, ​ ​ Useful Lives 2020 2019 Land ​ N/A ​ $ 5,174 ​ $ 5,174 Building ​ 15 - 39 Years ​ 39,139 ​ 3,487 Leasehold Improvements ​ 3 ‑ 10 Years ​ 2,538 ​ 3,344 Furniture and Equipment ​ 3 ‑ 5 Years ​ 5,398 ​ 3,902 Construction in Progress ​ N/A ​ — ​ 16,693 Subtotal ​ ​ ​ 52,249 ​ 32,600 Accumulated Depreciation ​ ​ ​ (3,364) ​ (4,972) Totals ​ ​ ​ $ 48,885 ​ $ 27,628

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2020
Deposits.
Schedule of composition of deposits	The following table presents the composition of deposits at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Transaction Deposits ​ $ 1,008,026 ​ $ 712,136 Savings and Money Market Deposits ​ 498,397 ​ 516,785 Time Deposits ​ 363,897 ​ 360,027 Brokered Deposits ​ 402,724 ​ 234,362 Totals ​ $ 2,273,044 ​ $ 1,823,310

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Summary of interest rate swaps	The following table presents a summary of the Company’s interest rate swaps to facilitate customer transactions as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest Rate Swap Agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 49,842 ​ $ 3,581 ​ $ 7,140 ​ $ 150 Liabilities ​ 49,842 ​ (3,581) ​ 7,140 ​ (150) Total ​ $ 99,684 ​ $ — ​ $ 14,280 ​ $ —
Derivative Instruments and Hedging Activities	The following tables present a summary of the Company’s interest rate swaps designated as cash flow hedges as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 December 31, 2019 ​ Notional Amount ​ $ 111,500 ​ $ 48,000 ​ Weighted Average Pay Rate ​ ​ 1.30 % ​ 1.89 % Weighted Average Receive Rate ​ ​ 0.30 % ​ 2.25 % Weighted Average Maturity (Years) ​ ​ 4.18 ​ ​ 3.53 ​ Net Unrealized Loss ​ $ (3,899) ​ $ (618) ​
Effect of derivative instruments in cash flow hedging relationships	The following table presents the effect of derivative instruments in cash flow hedging relationships on the consolidated statements of income for the nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, (dollars in thousands) 2020 2019 Derivatives in ​ Location of Gain or Gain (Loss) Cash Flow Hedging ​ (Loss) Reclassified Reclassified from Relationships ​ from AOCI into Income AOCI into Earnings Interest Rate Swaps ​ Interest Expense ​ $ (313) ​ $ 20
Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Summary of interest rate swaps	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest Rate Swap Agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 5,000 ​ $ 10 ​ $ 18,000 ​ $ 134 Liabilities ​ ​ 106,500 ​ ​ (3,909) ​ ​ 30,000 ​ ​ (752)

Tax Credit Investments (Tables)

Tax Credit Investments (Tables)	9 Months Ended
	Sep. 30, 2020
Tax Credit Investments
Summary of investments in qualified affordable housing projects and other tax credit investments	The following table presents the Company’s investments in qualified affordable housing projects and other tax credit investments at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ December 31, 2019 Investment ​ Accounting Method ​ ​ Investment ​ ​ Unfunded Commitment (1) ​ ​ Investment ​ ​ Unfunded Commitment Low Income Housing Tax Credit (LIHTC) ​ Proportional Amortization ​ $ 1,937 ​ $ — ​ $ 2,148 ​ $ — Federal Historic Tax Credit (FHTC) ​ Equity ​ ​ 2,344 ​ ​ 2,394 ​ ​ 2,262 ​ ​ 3,395 Total ​ ​ ​ $ 4,281 ​ $ 2,394 ​ $ 4,410 ​ $ 3,395 (1) All commitments are expected to be paid by the Company by September 30, 2021.
Schedule of amortization expense and tax benefit for qualified affordable housing projects and other tax credit investments	The following table presents the amortization expense and tax benefit recognized for the Company’s qualified affordable housing projects and other tax credit investments for the three and nine months ended September 30, 2020 and 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ September 30, ​ September 30, ​ 2020 2019 2020 2019 Amortization Expense (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC $ 70 ​ $ 72 ​ $ 211 ​ $ 216 FHTC ​ 146 ​ ​ 530 ​ ​ 592 ​ ​ 2,097 Total $ 216 ​ $ 602 ​ $ 803 ​ $ 2,313 Tax Benefit Recognized (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC $ (83) ​ $ (83) ​ $ (248) ​ $ (248) FHTC ​ (220) ​ ​ (641) ​ ​ (837) ​ ​ (2,539) Total $ (303) ​ $ (724) ​ $ (1,085) ​ $ (2,787) (1) The amortization expense for the LIHTC investments are included in income tax expense. The amortization for the FHTC tax credits are included in noninterest expense. (2) All of the tax benefits recognized are included in income tax expense. The tax benefit recognized for the FHTC investments primarily reflects the tax credits generated from the investments, and excludes the net tax expense/benefit of the investments’ income/loss.

Commitments, Contingencies an_2

Commitments, Contingencies and Credit Risk (Tables)	9 Months Ended
	Sep. 30, 2020
Commitments, Contingencies and Credit Risk
Schedule of commitments outstanding	The following commitments were outstanding at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2020 2019 Unfunded Commitments Under Lines of Credit ​ $ 605,994 ​ $ 500,962 Letters of Credit ​ 85,901 ​ 79,225 Totals ​ $ 691,895 ​ $ 580,187

Stock Options and Restricted _2

Stock Options and Restricted Stock Awards (Tables)	9 Months Ended
	Sep. 30, 2020
Stock Options and Restricted Stock Awards
Summary of valuation assumptions used to determine the fair value of option award	The weighted average assumptions used in the model for valuing stock option grants for the nine months ended September 30, 2020, are as follows: ​ ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2020 Dividend Yield — % Expected Life 7 Years Expected Volatility 44.14 % Risk-Free Interest Rate 0.68 %
Summary of the status of the Company's outstanding stock options	The following table presents a summary of the status of the Company’s stock option grants for the nine months ended September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Weighted ​ ​ ​ ​ Average ​ ​ Shares ​ Exercise Price Outstanding at Beginning of Year 1,961,650 ​ $ 7.08 Granted 60,000 ​ 10.61 Exercised (17,500) ​ 3.11 Forfeitures (33,000) ​ 7.47 Outstanding at Period End 1,971,150 ​ $ 7.22 ​ ​ ​ ​ ​ ​ Options Exercisable at Period End 1,010,550 ​ $ 5.21
Summary of information pertaining to options outstanding based on range of exercise price	The following table presents information pertaining to options outstanding at September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ Number ​ Remaining ​ ​ ​ ​ Number Exercise Price Outstanding Contractual Life ​ ​ Exercise Price Outstanding $ 2.13 66,750 2.5 Years ​ $ 2.13 ​ 66,750 ​ 3.00 447,500 3.3 Years ​ 3.00 ​ 447,500 ​ 3.58 45,000 4.3 Years ​ 3.58 ​ 45,000 ​ 7.47 988,900 7.0 Years ​ 7.47 ​ 400,300 ​ 13.22 ​ 25,000 ​ 7.6 Years ​ ​ 13.22 ​ ​ 10,000 ​ 12.86 ​ 45,000 ​ 7.9 Years ​ ​ 12.86 ​ ​ 18,000 ​ 12.94 ​ 30,000 ​ 8.0 Years ​ ​ 12.94 ​ ​ 6,000 ​ 11.59 ​ 25,000 ​ 8.1 Years ​ ​ 11.59 ​ ​ 5,000 ​ 11.15 ​ 10,000 ​ 8.4 Years ​ ​ 11.15 ​ ​ 2,000 ​ 11.13 ​ 50,000 ​ 8.9 Years ​ ​ 11.13 ​ ​ 10,000 ​ 12.92 ​ 178,000 ​ 9.2 Years ​ ​ 12.92 ​ ​ — ​ 12.67 ​ 25,000 ​ 9.4 Years ​ ​ 12.67 ​ ​ — ​ 8.76 ​ 25,000 ​ 9.5 Years ​ ​ 8.76 ​ ​ — ​ 10.08 ​ 10,000 ​ 9.7 Years ​ ​ 10.08 ​ ​ — ​ Totals 1,971,150 6.3 Years ​ $ 7.22 ​ ​ 1,010,550
Summary of analysis of nonvested options to purchase shares of the Company's stock issued and outstanding	The following presents an analysis of nonvested stock options issued and outstanding for the nine months ended September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Options at December 31, 2019 969,600 ​ $ 3.08 Granted 60,000 ​ ​ 4.39 Vested (36,000) ​ ​ 3.02 Forfeited ​ (33,000) ​ ​ 2.80 Nonvested Options at September 30, 2020 960,600 ​ $ 3.17
Summary of the status of the Company's outstanding restricted stock awards	The following table presents an analysis of nonvested restricted stock awards outstanding for the nine months ended September 30, 2020: ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Awards at December 31, 2019 132,960 ​ $ 12.92 Granted 16,141 ​ ​ 10.11 Vested — ​ ​ — Forfeited ​ (3,200) ​ ​ 12.92 Nonvested Awards at September 30, 2020 145,901 ​ $ 12.61

Regulatory Capital (Tables)

Regulatory Capital (Tables)	9 Months Ended
	Sep. 30, 2020
Regulatory Capital
Summary of company and the Bank's capital amounts and ratios	The following tables present the Company and the Bank’s capital amounts and ratios as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Required ​ For Capital Adequacy ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ For Capital Adequacy ​ Purposes Plus Capital ​ Under Prompt Corrective ​ ​ ​ Actual ​ Purposes ​ Conservation Buffer ​ Action Regulations ​ September 30, 2020 Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ ​ ​ (dollars in thousands) ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 359,597 ​ 15.45 % $ 186,206 ​ 8.00 % $ 244,396 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-Based Capital ​ ​ 256,805 ​ 11.03 ​ ​ 139,655 ​ 6.00 ​ ​ 197,844 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 256,805 ​ 11.03 ​ ​ 104,741 ​ 4.50 ​ ​ 162,931 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 256,805 ​ 9.83 ​ ​ 104,543 ​ 4.00 ​ ​ 104,543 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 322,276 ​ 13.85 % $ 186,104 ​ 8.00 % $ 244,262 ​ 10.50 % $ 232,630 ​ 10.00 % Tier 1 Risk-Based Capital ​ ​ 293,164 ​ 12.60 ​ ​ 139,578 ​ 6.00 ​ ​ 197,736 ​ 8.50 ​ ​ 186,104 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 293,164 ​ 12.60 ​ ​ 104,684 ​ 4.50 ​ ​ 162,841 ​ 7.00 ​ ​ 151,210 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 293,164 ​ 11.24 ​ ​ 104,350 ​ 4.00 ​ ​ 104,350 ​ 4.00 ​ ​ 130,437 ​ 5.00 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Required ​ For Capital Adequacy ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ For Capital Adequacy ​ Purposes Plus Capital ​ Under Prompt Corrective ​ ​ ​ Actual ​ Purposes ​ Conservation Buffer ​ Action Regulations ​ December 31, 2019 Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ ​ ​ (dollars in thousands) ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 269,613 ​ 12.98 % $ 166,163 ​ 8.00 % $ 218,089 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-Based Capital ​ ​ 236,533 ​ 11.39 ​ ​ 124,623 ​ 6.00 ​ ​ 176,549 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 236,533 ​ 11.39 ​ ​ 93,467 ​ 4.50 ​ ​ 145,393 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 236,533 ​ 10.69 ​ ​ 88,498 ​ 4.00 ​ ​ 88,498 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 252,501 ​ 12.16 % $ 166,137 ​ 8.00 % $ 218,055 ​ 10.50 % $ 207,671 ​ 10.00 % Tier 1 Risk-Based Capital ​ ​ 243,461 ​ 11.72 ​ ​ 124,603 ​ 6.00 ​ ​ 176,521 ​ 8.50 ​ ​ 166,137 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 243,461 ​ 11.72 ​ ​ 93,452 ​ 4.50 ​ ​ 145,370 ​ 7.00 ​ ​ 134,986 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 243,461 ​ 11.01 ​ ​ 88,455 ​ 4.00 ​ ​ 88,455 ​ 4.00 ​ ​ 110,569 ​ 5.00 ​

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value Measurement
Summary of balances of the assets and liabilities measured at fair value on a 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 tables present the balances of the assets and liabilities measured at fair value on a recurring basis as of September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ — ​ $ 105,254 ​ $ — ​ $ 105,254 Mortgage-Backed Securities ​ ​ — ​ ​ 118,359 ​ ​ — ​ ​ 118,359 Corporate Securities ​ ​ — ​ ​ 68,506 ​ ​ — ​ ​ 68,506 SBA Securities ​ ​ — ​ ​ 42,507 ​ ​ — ​ ​ 42,507 Asset-Backed Securities ​ ​ — ​ ​ 39,329 ​ ​ — ​ ​ 39,329 Interest Rate Swaps ​ ​ — ​ ​ 3,591 ​ ​ — ​ ​ 3,591 Total Fair Value of Financial Assets ​ $ — ​ $ 377,546 ​ $ — ​ $ 377,546 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 7,490 ​ $ — ​ $ 7,490 Total Fair Value of Financial Liabilities ​ $ — ​ $ 7,490 ​ $ — ​ $ 7,490 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 4,998 ​ $ — ​ $ — ​ $ 4,998 Municipal Bonds ​ ​ — ​ ​ 105,743 ​ ​ — ​ ​ 105,743 Mortgage-Backed Securities ​ ​ — ​ ​ 64,728 ​ ​ — ​ ​ 64,728 Corporate Securities ​ ​ — ​ ​ 50,176 ​ ​ — ​ ​ 50,176 SBA Securities ​ ​ — ​ ​ 49,559 ​ ​ — ​ ​ 49,559 Asset-Backed Securities ​ ​ — ​ ​ 14,673 ​ ​ — ​ ​ 14,673 Interest Rate Swaps ​ ​ — ​ ​ 284 ​ ​ — ​ ​ 284 Total Fair Value of Financial Assets ​ $ 4,998 ​ $ 285,163 ​ $ — ​ $ 290,161 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 902 ​ $ — ​ $ 902 Total Fair Value of Financial Liabilities ​ $ — ​ $ 902 ​ $ — ​ $ 902
Summary of net impairment losses related to nonrecurring fair value measurements of certain asset	The following tables present net impairment losses related to nonrecurring fair value measurements of certain assets at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 80 ​ $ — ​ $ 197 Totals ​ $ — ​ $ 80 ​ $ — ​ $ 197 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 75 ​ $ — ​ $ 206 Totals ​ $ — ​ $ 75 ​ $ — ​ $ 206
Summary of carrying amount and estimated fair values of financial instruments	The following tables present the carrying amount and estimated fair values of financial instruments at September 30, 2020 and December 31, 2019: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2020 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 91,510 ​ $ 91,510 ​ $ — ​ $ — ​ $ 91,510 Bank-Owned Certificates of Deposit ​ ​ 2,862 ​ ​ — ​ ​ 2,920 ​ ​ — ​ ​ 2,920 Securities Available for Sale ​ ​ 373,955 ​ ​ — ​ ​ 373,955 ​ ​ — ​ ​ 373,955 FHLB Stock, at Cost ​ ​ 7,817 ​ ​ — ​ ​ 7,817 ​ ​ — ​ ​ 7,817 Loans, Net ​ ​ 2,217,480 ​ ​ — ​ ​ 2,256,282 ​ ​ — ​ ​ 2,256,282 Accrued Interest Receivable ​ ​ 9,647 ​ ​ — ​ ​ 9,647 ​ ​ — ​ ​ 9,647 Interest Rate Swaps ​ ​ 3,591 ​ ​ — ​ ​ 3,591 ​ ​ — ​ ​ 3,591 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,273,044 ​ $ — ​ $ 2,281,737 ​ $ — ​ $ 2,281,737 Notes Payable ​ ​ 11,500 ​ ​ — ​ ​ 11,502 ​ ​ — ​ ​ 11,502 FHLB Advances ​ ​ 127,500 ​ ​ — ​ ​ 134,533 ​ ​ — ​ ​ 134,533 Subordinated Debentures ​ ​ 73,665 ​ ​ — ​ ​ 74,964 ​ ​ — ​ ​ 74,964 Accrued Interest Payable ​ ​ 2,082 ​ ​ — ​ ​ 2,082 ​ ​ — ​ ​ 2,082 Interest Rate Swaps ​ ​ 7,490 ​ ​ — ​ ​ 7,490 ​ ​ — ​ ​ 7,490 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2019 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 31,935 ​ $ 31,935 ​ $ — ​ $ — ​ $ 31,935 Bank-Owned Certificates of Deposit ​ ​ 2,654 ​ ​ — ​ ​ 2,677 ​ ​ — ​ ​ 2,677 Securities Available for Sale ​ ​ 289,877 ​ ​ 4,998 ​ ​ 284,879 ​ ​ — ​ ​ 289,877 FHLB Stock, at Cost ​ ​ 7,824 ​ ​ — ​ ​ 7,824 ​ ​ — ​ ​ 7,824 Loans, Net ​ ​ 1,884,000 ​ ​ — ​ ​ 1,891,987 ​ ​ — ​ ​ 1,891,987 Accrued Interest Receivable ​ ​ 6,775 ​ ​ — ​ ​ 6,775 ​ ​ — ​ ​ 6,775 Interest Rate Swaps ​ ​ 284 ​ ​ — ​ ​ 284 ​ ​ — ​ ​ 284 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 1,823,310 ​ $ — ​ $ 1,821,915 ​ $ — ​ $ 1,821,915 Notes Payable ​ ​ 13,000 ​ ​ — ​ ​ 13,022 ​ ​ — ​ ​ 13,022 FHLB Advances ​ ​ 136,500 ​ ​ — ​ ​ 141,152 ​ ​ — ​ ​ 141,152 Subordinated Debentures ​ ​ 24,733 ​ ​ — ​ ​ 25,309 ​ ​ — ​ ​ 25,309 Accrued Interest Payable ​ ​ 1,982 ​ ​ — ​ ​ 1,982 ​ ​ — ​ ​ 1,982 Interest Rate Swaps ​ ​ 902 ​ ​ — ​ ​ 902 ​ ​ — ​ ​ 902

Description of the Business a_3

Description of the Business and Summary of Significant Accounting Policies (Details)	9 Months Ended
	Sep. 30, 2020USD ($)
Description of the Business and Summary of Significant Accounting Policies
Loans with LIBOR index rate (as a percent)	8.60%
Paycheck Protection Program (PPP), CARES Act
Description of the Business and Summary of Significant Accounting Policies
Term of loan	2 years
Interest rate on loans (as a percent)	$ 1

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net Income Available to Common Shareholders	$ 7,174	$ 7,805	$ 22,215	$ 22,832
Weighted Average Common Stock Outstanding:
Weighted Average Common Stock Outstanding (Basic)	28,683,855	28,820,144	28,717,142	29,535,589
Dilutive Effect of Stock Compensation	490,746	677,817	583,621	645,967
Weighted Average Common Stock Outstanding (Dilutive)	29,174,601	29,497,961	29,300,763	30,181,556
Basic Earnings per Common Share (in dollars per share)	$ 0.25	$ 0.27	$ 0.77	$ 0.77
Diluted Earnings per Common Share (in dollars per share)	$ 0.25	$ 0.27	$ 0.76	$ 0.76
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti dilutive securities excluded from the calculation of EPS	557,000	100,000	557,000	135,000
Restricted Stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti dilutive securities excluded from the calculation of EPS	557,000		557,000

Securities - Securities Availab

Securities - Securities Available for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	$ 363,369	$ 283,216
Gross Unrealized Gains	12,586	7,711
Gross Unrealized Losses	(2,000)	(1,050)
Fair Value	373,955	289,877
U.S. Treasury Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost		4,990
Gross Unrealized Gains		8
Fair Value		4,998
Municipal Bonds
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	97,294	99,441
Gross Unrealized Gains	8,354	6,338
Gross Unrealized Losses	(394)	(36)
Fair Value	105,254	105,743
Mortgage-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	116,252	64,312
Gross Unrealized Gains	2,517	697
Gross Unrealized Losses	(410)	(281)
Fair Value	118,359	64,728
Corporate Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	68,043	49,674
Gross Unrealized Gains	1,006	633
Gross Unrealized Losses	(543)	(131)
Fair Value	68,506	50,176
SBA Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	42,934	50,126
Gross Unrealized Gains	26	35
Gross Unrealized Losses	(453)	(602)
Fair Value	42,507	49,559
Asset-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	38,846	14,673
Gross Unrealized Gains	683
Gross Unrealized Losses	(200)
Fair Value	$ 39,329	$ 14,673

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)security	Dec. 31, 2019USD ($)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	$ 86,862	$ 55,293
Less Than 12 Months, Unrealized Losses	(1,485)	(460)
12 Months or Greater, Fair Value	34,873	35,524
12 Months or Greater, Unrealized Losses	(515)	(590)
Fair Value	121,735	90,817
Unrealized Losses	$ (2,000)	$ (1,050)
Number of debt securities with unrealized losses | security	155	110
Percentage of aggregate depreciation from amortized cost basis	1.60%	1.10%
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	$ 13,593	$ 2,760
Less Than 12 Months, Unrealized Losses	(387)	(23)
12 Months or Greater, Fair Value	223	1,390
12 Months or Greater, Unrealized Losses	(7)	(13)
Fair Value	13,816	4,150
Unrealized Losses	(394)	(36)
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	28,897	32,276
Less Than 12 Months, Unrealized Losses	(410)	(242)
12 Months or Greater, Fair Value	2,481	3,098
12 Months or Greater, Unrealized Losses		(39)
Fair Value	31,378	35,374
Unrealized Losses	(410)	(281)
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	22,714	8,350
Less Than 12 Months, Unrealized Losses	(472)	(131)
12 Months or Greater, Fair Value	1,429
12 Months or Greater, Unrealized Losses	(71)
Fair Value	24,143	8,350
Unrealized Losses	(543)	(131)
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	6,585	11,907
Less Than 12 Months, Unrealized Losses	(16)	(64)
12 Months or Greater, Fair Value	30,740	31,036
12 Months or Greater, Unrealized Losses	(437)	(538)
Fair Value	37,325	42,943
Unrealized Losses	(453)	$ (602)
Asset-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	15,073
Less Than 12 Months, Unrealized Losses	(200)
Fair Value	15,073
Unrealized Losses	$ (200)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Contractual maturities, amortized cost
Due in One Year or Less	$ 6,772
Due After One Year Through Five Years	49,190
Due After Five Years Through 10 Years	90,941
Due After 10 Years	18,434
Subtotal	165,337
Totals	363,369	$ 283,216
Contractual maturities, fair value
Due in One Year or Less	6,796
Due After One Year Through Five Years	50,410
Due After Five Years Through 10 Years	95,762
Due After 10 Years	20,792
Subtotal	173,760
Totals	373,955	289,877
Mortgage-Backed Securities
Contractual maturities, amortized cost
Totals	116,252	64,312
Contractual maturities, fair value
Totals	118,359	64,728
SBA Securities
Contractual maturities, amortized cost
Totals	42,934	50,126
Contractual maturities, fair value
Totals	42,507	49,559
Asset-Backed Securities
Contractual maturities, amortized cost
Totals	38,846	14,673
Contractual maturities, fair value
Totals	$ 39,329	$ 14,673

Securities - Available for Sale

Securities - Available for Sale Securities Gross Realized Gain Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Summary of the proceeds from sales of securities available for sale, as well as gross gains and losses
Proceeds From Sales of Securities	$ 4,794	$ 2,555	$ 38,832	$ 42,864
Gross Gains on Sales	123	$ 58	1,561	774
Gross Losses on Sales	$ (14)		$ (88)	$ (258)

Loans - Components of loans (De

Loans - Components of loans (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018
Components of loans
Total Loans, Gross	$ 2,259,228		$ 1,912,038
Allowance for Loan Losses	(31,381)	$ (27,633)	(22,526)	$ (22,124)	$ (21,362)	$ (20,031)
Net Deferred Loan Fees	(10,367)		(5,512)
Total Loans, Net	2,217,480		1,884,000
Commercial
Components of loans
Total Loans, Gross	287,254		276,035
Allowance for Loan Losses	(5,303)	(5,192)	(3,058)	(3,238)	(3,181)	(2,898)
Paycheck Protection Program (PPP), CARES Act
Components of loans
Total Loans, Gross	181,596
Allowance for Loan Losses	(91)	(90)
Construction and Land Development
Components of loans
Total Loans, Gross	175,882		196,776
Allowance for Loan Losses	(2,236)	(2,173)	(2,202)	(2,442)	(2,246)	(2,451)
Real Estate Mortgage
Components of loans
Total Loans, Gross	1,607,924		1,434,754
1-4 Family Mortgage
Components of loans
Total Loans, Gross	286,089		260,611
Allowance for Loan Losses	(3,709)	(3,322)	(2,839)	(2,815)	(2,827)	(2,597)
Multifamily
Components of loans
Total Loans, Gross	585,814		515,014
Allowance for Loan Losses	(8,319)	(6,697)	(5,824)	(5,177)	(4,994)	(4,644)
CRE Owner Occupied
Components of loans
Total Loans, Gross	75,963		66,584
Allowance for Loan Losses	(1,104)	(964)	(792)	(849)	(844)	(808)
CRE Non-owner Occupied
Components of loans
Total Loans, Gross	660,058		592,545
Allowance for Loan Losses	(9,500)	(8,323)	(6,972)	(6,535)	(6,485)	(5,872)
Consumer and other
Components of loans
Total Loans, Gross	6,572		4,473
Allowance for Loan Losses	$ (176)	$ (174)	$ (85)	$ (82)	$ (66)	$ (65)

Loans - Allowance for loan loss

Loans - Allowance for loan losses by segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Sep. 30, 2020	Dec. 31, 2019
Allowance for Loan Losses:
Beginning Balance	$ 27,633	$ 21,362	$ 22,526	$ 20,031	$ 20,031
Provision for Loan Losses	3,750	900	8,850	2,100
Loans Charged-off	(6)	(144)	(54)	(183)
Recoveries of Loans	4	6	59	176
Total Ending Allowance Balance	31,381	22,124	31,381	22,124	22,526
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment						$ 197	$ 45
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment						31,184	22,481
Loans and Leases Receivable, Allowance, Total	27,633	22,124	22,526	20,031	20,031	31,381	22,526
Loans, Individually Evaluated for Impairment						16,074	1,758
Loans, Collectively Evaluated for Impairment						2,243,154	1,910,280
Totals						2,259,228	1,912,038
Commercial
Allowance for Loan Losses:
Beginning Balance	5,192	3,181	3,058	2,898	2,898
Provision for Loan Losses	115	196	2,279	495
Loans Charged-off	(5)	(141)	(39)	(160)
Recoveries of Loans	1	2	5	5
Total Ending Allowance Balance	5,303	3,238	5,303	3,238	3,058
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment						40	31
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment						5,263	3,027
Loans and Leases Receivable, Allowance, Total	5,303	3,238	3,058	2,898	2,898	5,303	3,058
Loans, Individually Evaluated for Impairment						432	273
Loans, Collectively Evaluated for Impairment						286,822	275,762
Totals						287,254	276,035
Paycheck Protection Program (PPP), CARES Act
Allowance for Loan Losses:
Beginning Balance	90
Provision for Loan Losses	1		91
Total Ending Allowance Balance	91		91
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment						91
Loans and Leases Receivable, Allowance, Total	91		91			91
Loans, Collectively Evaluated for Impairment						181,596
Totals						181,596
Construction and Land Development
Allowance for Loan Losses:
Beginning Balance	2,173	2,246	2,202	2,451	2,451
Provision for Loan Losses	63	196	34	(10)
Recoveries of Loans				1
Total Ending Allowance Balance	2,236	2,442	2,236	2,442	2,202
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment						2,236	2,202
Loans and Leases Receivable, Allowance, Total	2,236	2,442	2,202	2,451	2,451	2,236	2,202
Loans, Individually Evaluated for Impairment						156	176
Loans, Collectively Evaluated for Impairment						175,726	196,600
Totals						175,882	196,776
1-4 Family Mortgage
Allowance for Loan Losses:
Beginning Balance	3,322	2,827	2,839	2,597	2,597
Provision for Loan Losses	384	(15)	819	53
Recoveries of Loans	3	3	51	165
Total Ending Allowance Balance	3,709	2,815	3,709	2,815	2,839
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment						144
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment						3,565	2,839
Loans and Leases Receivable, Allowance, Total	3,709	2,815	2,839	2,597	2,839	3,709	2,839
Loans, Individually Evaluated for Impairment						1,773	1,059
Loans, Collectively Evaluated for Impairment						284,316	259,552
Totals						286,089	260,611
Multifamily
Allowance for Loan Losses:
Beginning Balance	6,697	4,994	5,824	4,644	4,644
Provision for Loan Losses	1,622	183	2,495	533
Total Ending Allowance Balance	8,319	5,177	8,319	5,177	5,824
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment						8,319	5,824
Loans and Leases Receivable, Allowance, Total	8,319	5,177	5,824	4,644	5,824	8,319	5,824
Loans, Collectively Evaluated for Impairment						585,814	515,014
Totals						585,814	515,014
CRE Owner Occupied
Allowance for Loan Losses:
Beginning Balance	964	844	792	808	808
Provision for Loan Losses	140	5	312	41
Total Ending Allowance Balance	1,104	849	1,104	849	792
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment						1,104	792
Loans and Leases Receivable, Allowance, Total	1,104	849	792	808	808	1,104	792
Loans, Individually Evaluated for Impairment						1,589	236
Loans, Collectively Evaluated for Impairment						74,374	66,348
Totals						75,963	66,584
CRE Non-owner Occupied
Allowance for Loan Losses:
Beginning Balance	8,323	6,485	6,972	5,872	5,872
Provision for Loan Losses	1,177	50	2,528	663
Total Ending Allowance Balance	9,500	6,535	9,500	6,535	6,972
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment						9,500	6,972
Loans and Leases Receivable, Allowance, Total	9,500	6,535	6,972	5,872	5,872	9,500	6,972
Loans, Individually Evaluated for Impairment						12,111
Loans, Collectively Evaluated for Impairment						647,947	592,545
Totals						660,058	592,545
Consumer and other
Allowance for Loan Losses:
Beginning Balance	174	66	85	65	65
Provision for Loan Losses	3	18	103	35
Loans Charged-off	(1)	(3)	(15)	(23)
Recoveries of Loans		1	3	5
Total Ending Allowance Balance	176	82	176	82	85
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment						13	14
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment						163	71
Loans and Leases Receivable, Allowance, Total	176	82	85	65	65	176	85
Loans, Individually Evaluated for Impairment						13	14
Loans, Collectively Evaluated for Impairment						6,559	4,459
Totals						6,572	4,473
Unallocated
Allowance for Loan Losses:
Beginning Balance	698	719	754	696	696
Provision for Loan Losses	245	267	189	290
Total Ending Allowance Balance	943	986	943	986	754
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment						943	754
Loans and Leases Receivable, Allowance, Total	$ 943	$ 986	$ 754	$ 696	$ 696	$ 943	$ 754

Loans - Impaired loans by loan

Loans - Impaired loans by loan segment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	$ 15,797	$ 1,638
Loans With No Related Allowance for Loan Losses, Principal Balance	16,406	2,434
Loans With An Allowance for Loan Losses, Recorded Investment	277	120
Loans With An Allowance for Loan Losses, Principal Balance	467	123
Total Recorded Investment	16,074	1,758
Total Principal Balance	16,873	2,557
Related Allowance	197	45
Commercial
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	312	167
Loans With No Related Allowance for Loan Losses, Principal Balance	312	167
Loans With An Allowance for Loan Losses, Recorded Investment	120	106
Loans With An Allowance for Loan Losses, Principal Balance	123	109
Related Allowance	40	31
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	156	176
Loans With No Related Allowance for Loan Losses, Principal Balance	765	785
HELOC and 1-4 Family Junior Mortgage
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	884	302
Loans With No Related Allowance for Loan Losses, Principal Balance	884	489
Loans With An Allowance for Loan Losses, Recorded Investment	144
Loans With An Allowance for Loan Losses, Principal Balance	331
Related Allowance	144
1st REM - Rentals
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	745	757
Loans With No Related Allowance for Loan Losses, Principal Balance	745	757
Consumer and other
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Recorded Investment	13	14
Loans With An Allowance for Loan Losses, Principal Balance	13	14
Related Allowance	13	14
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	1,589	236
Loans With No Related Allowance for Loan Losses, Principal Balance	1,589	$ 236
CRE Non-owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	12,111
Loans With No Related Allowance for Loan Losses, Principal Balance	$ 12,111

Loans - Average balances and in

Loans - Average balances and interest income recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	$ 15,756	$ 4,280	$ 15,749	$ 4,679
Loans With No Related Allowance for Loan Losses, Interest Recognized	216	59	640	192
Loans With An Allowance for Loan Losses, Average Investment	278	630	281	677
Loans With An Allowance for Loan Losses, Interest Recognized	1	12	3	13
Total Average Investment	16,034	4,910	16,030	5,356
Total Interest Recognized	217	71	643	205
Commercial
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	272		277
Loans With No Related Allowance for Loan Losses, Interest Recognized	4		9
Loans With An Allowance for Loan Losses, Average Investment	121	133	124	138
Loans With An Allowance for Loan Losses, Interest Recognized	1	6	2	7
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	162	2,410	168	2,734
Loans With No Related Allowance for Loan Losses, Interest Recognized		35		122
Loans With An Allowance for Loan Losses, Average Investment		50		50
Loans With An Allowance for Loan Losses, Interest Recognized		1		1
HELOC and 1-4 Family Junior Mortgage
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	865	155	804	156
Loans With No Related Allowance for Loan Losses, Interest Recognized	11	2	31	6
Loans With An Allowance for Loan Losses, Average Investment	144	305	144	306
1st REM - 1-4 Family
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment		617		617
Loans With No Related Allowance for Loan Losses, Interest Recognized		6		18
1st REM - Rentals
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	748	760	753	766
Loans With No Related Allowance for Loan Losses, Interest Recognized	8	11	21	29
Loans With An Allowance for Loan Losses, Average Investment		128		129
Loans With An Allowance for Loan Losses, Interest Recognized		3		3
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	1,594	338	1,602	406
Loans With No Related Allowance for Loan Losses, Interest Recognized	21	5	65	17
CRE Non-owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	12,115		12,145
Loans With No Related Allowance for Loan Losses, Interest Recognized	172		514
Consumer and other
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Average Investment	$ 13	14	13	54
Loans With An Allowance for Loan Losses, Interest Recognized		$ 2	$ 1	$ 2

Loans - Risk category of loans

Loans - Risk category of loans by loan segment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 2,259,228	$ 1,912,038
Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	2,192,237	1,904,068
Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	50,917	5,275
Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	16,074	2,695
Commercial
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	287,254	276,035
Commercial | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	266,555	275,741
Commercial | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	20,267	21
Commercial | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	432	273
Paycheck Protection Program (PPP), CARES Act
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	181,596
Paycheck Protection Program (PPP), CARES Act | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	181,596
Construction and Land Development
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	175,882	196,776
Construction and Land Development | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	175,597	196,462
Construction and Land Development | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	129	138
Construction and Land Development | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	156	176
HELOC and 1-4 Family Junior Mortgage
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	29,808	28,621
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	28,924	28,483
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		138
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	884
1st REM - 1-4 Family
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	38,013	36,671
1st REM - 1-4 Family | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	37,134	36,370
1st REM - 1-4 Family | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	706	124
1st REM - 1-4 Family | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	173	177
LOCs and 2nd REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	19,637	18,671
LOCs and 2nd REM - Rentals | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	19,493	17,890
LOCs and 2nd REM - Rentals | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals		479
LOCs and 2nd REM - Rentals | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	144	302
1st REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	198,631	176,648
1st REM - Rentals | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	197,301	174,781
1st REM - Rentals | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	758	1,287
1st REM - Rentals | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	572	580
Multifamily
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	585,814	515,014
Multifamily | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	585,814	515,014
CRE Owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	75,963	66,584
CRE Owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	74,374	65,411
CRE Owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,589	1,173
CRE Non-owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	660,058	592,545
CRE Non-owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	618,890	589,457
CRE Non-owner Occupied | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	29,057	3,088
CRE Non-owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	12,111
Consumer and other
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	6,572	4,473
Consumer and other | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	6,559	4,459
Consumer and other | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 13	$ 14

Loans - Recorded investment in

Loans - Recorded investment in past due loans by loan segment (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Aging of the recorded investment in past due loans by loan segment
Current	$ 2,258,337	$ 1,911,174
Nonaccrual	433	461
Totals	2,259,228	1,912,038
30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Past Due	458	403
Commercial
Aging of the recorded investment in past due loans by loan segment
Current	287,228	276,028
Nonaccrual	7	7
Totals	287,254	276,035
Commercial | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Past Due	19
Paycheck Protection Program (PPP), CARES Act
Aging of the recorded investment in past due loans by loan segment
Current	181,596
Totals	181,596
Construction and Land Development
Aging of the recorded investment in past due loans by loan segment
Current	175,287	196,600
Nonaccrual	156	176
Totals	175,882	196,776
Construction and Land Development | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Past Due	439
HELOC and 1-4 Family Junior Mortgage
Aging of the recorded investment in past due loans by loan segment
Current	29,808	28,621
Totals	29,808	28,621
1st REM - 1-4 Family
Aging of the recorded investment in past due loans by loan segment
Current	38,013	36,671
Totals	38,013	36,671
LOCs and 2nd REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Current	19,493	18,527
Nonaccrual	144	144
Totals	19,637	18,671
1st REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Current	198,505	176,114
Nonaccrual	126	134
Totals	198,631	176,648
1st REM - Rentals | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Past Due		400
Multifamily
Aging of the recorded investment in past due loans by loan segment
Current	585,814	515,014
Totals	585,814	515,014
CRE Owner Occupied
Aging of the recorded investment in past due loans by loan segment
Current	75,963	66,584
Totals	75,963	66,584
CRE Non-owner Occupied
Aging of the recorded investment in past due loans by loan segment
Current	660,058	592,545
Totals	660,058	592,545
Consumer and other
Aging of the recorded investment in past due loans by loan segment
Current	6,572	4,470
Totals	$ 6,572	4,473
Consumer and other | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Past Due		$ 3

Loans - Summary of loans modifi

Loans - Summary of loans modified in TDRs and those restructurings (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)loan	Dec. 31, 2019USD ($)loan
Loans
Troubled Debt Restructurings, Number of Loans	4	3
New Troubled Debt Restructurings, Post-Modification Outstanding Balance | $	$ 820	$ 452
New Troubled Debt Restructurings, Number of Loans	1
Troubled Debt Restructurings That Subsequently Defaulted Within 12 Months of The Restructure Date, Number of Loans	0

Loans - COVID loan modification

Loans - COVID loan modifications (Details) - COVID-19 related loan modifications $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)loan
COVID-19 related loan modifications
Amount of loan modifications | $	$ 191,381
Number of Loans | loan	87
Commercial
COVID-19 related loan modifications
Amount of loan modifications | $	$ 12,119
Number of Loans | loan	23
1-4 Family Mortgage
COVID-19 related loan modifications
Amount of loan modifications | $	$ 5,589
Number of Loans | loan	10
Multifamily
COVID-19 related loan modifications
Amount of loan modifications | $	$ 42,273
Number of Loans | loan	6
CRE Owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 3,148
Number of Loans | loan	7
CRE Non-owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 128,252
Number of Loans | loan	41
Interest Only
COVID-19 related loan modifications
Amount of loan modifications | $	$ 160,885
Number of Loans | loan	76
Interest Only | Commercial
COVID-19 related loan modifications
Amount of loan modifications | $	$ 11,705
Number of Loans | loan	21
Interest Only | 1-4 Family Mortgage
COVID-19 related loan modifications
Amount of loan modifications | $	$ 5,589
Number of Loans | loan	10
Interest Only | Multifamily
COVID-19 related loan modifications
Amount of loan modifications | $	$ 42,273
Number of Loans | loan	6
Interest Only | CRE Owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 1,646
Number of Loans | loan	4
Interest Only | CRE Non-owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 99,672
Number of Loans | loan	35
Payment Deferral
COVID-19 related loan modifications
Amount of loan modifications | $	$ 30,496
Number of Loans | loan	11
Payment Deferral | Commercial
COVID-19 related loan modifications
Amount of loan modifications | $	$ 414
Number of Loans | loan	2
Payment Deferral | CRE Owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 1,502
Number of Loans | loan	3
Payment Deferral | CRE Non-owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 28,580
Number of Loans | loan	6

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Premises and Equipment
Subtotal	$ 52,249		$ 52,249		$ 32,600
Accumulated Depreciation	(3,364)		(3,364)		(4,972)
Totals	48,885		48,885		27,628
Depreciation and Amortization	280	$ 244	660	$ 662
Land
Premises and Equipment
Subtotal	5,174		5,174		5,174
Building
Premises and Equipment
Subtotal	39,139		$ 39,139		3,487
Building | Minimum
Premises and Equipment
Estimated Useful Life			15 years
Building | Maximum
Premises and Equipment
Estimated Useful Life			39 years
Leasehold Improvements
Premises and Equipment
Subtotal	2,538		$ 2,538		3,344
Leasehold Improvements | Minimum
Premises and Equipment
Estimated Useful Life			3 years
Leasehold Improvements | Maximum
Premises and Equipment
Estimated Useful Life			10 years
Furniture and Equipment
Premises and Equipment
Subtotal	$ 5,398		$ 5,398		3,902
Furniture and Equipment | Minimum
Premises and Equipment
Estimated Useful Life			3 years
Furniture and Equipment | Maximum
Premises and Equipment
Estimated Useful Life			5 years
Construction in Progress
Premises and Equipment
Subtotal					$ 16,693

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Deposits, by Type [Abstract]
Transaction Deposits	$ 1,008,026	$ 712,136
Savings and Money Market Deposits	498,397	516,785
Time Deposits	363,897	360,027
Brokered Deposits	402,724	234,362
Total Deposits	$ 2,273,044	$ 1,823,310

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Non-hedge Derivatives (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Estimated Fair Value, Asset	$ 3,591	$ 284
Estimated Fair Value, Liability	(7,490)	(902)
Interest Rate Swap | Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	49,842	7,140
Notional Amount, Liability	49,842	7,140
Notional Amount	99,684	14,280
Estimated Fair Value, Asset	3,581	150
Estimated Fair Value, Liability	$ (3,581)	$ (150)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Cash Flow Derivatives (Details) - Cash flow hedge - Designated as Hedging Instrument - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2019
Cash Flow Hedging Derivatives
Amount expected to be reclassified from AOCI into earnings	$ 846
Interest Rate Swap
Cash Flow Hedging Derivatives
Notional Amount	$ 111,500	$ 48,000
Weighted Average Pay Rate	1.30%	1.89%
Weighted Average Receive Rate	0.30%	2.25%
Derivative Weighted Average Maturity	4 years 2 months 4 days	3 years 6 months 10 days
Net Unrealized Gain (Loss)	$ (3,899)	$ (618)

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Cash Flow Hedging Reclassification (Details) - Cash flow hedge - Interest Rate Swap - Designated as Hedging Instrument - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	$ 5,000	$ 18,000
Notional Amount, Liability	106,500	30,000
Estimated Fair Value, Asset	10	134
Estimated Fair Value, Liability	$ (3,909)	$ (752)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Derivative Instruments in Cash Flow Hedging Relationships (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into earnings	$ (204)	$ 78	$ 1,160	$ 536
Amounts reclassified from AOCI into earnings related to hedge ineffectiveness	0	0	0	0
Amount expected to be reclassified from AOCI into earnings related to hedge ineffectiveness	$ 0	$ 0	0	0
Interest Rate Swap | Interest expense | Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into earnings			$ (313)	$ 20

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($) $ in Thousands	Oct. 13, 2020	Jun. 19, 2020	Jul. 12, 2017	Sep. 30, 2020	Sep. 30, 2020	Sep. 30, 2019
Subordinated Debentures
Total amortization expense					$ 138	$ 77
Subordinated Note Purchase Agreement | 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030
Subordinated Debentures
Aggregate principal amount		$ 50,000
Fixed interest rate (as a percent)		5.25%
Percentage of face value at which notes are issued		100.00%
Issuance costs		$ 1,127
Amortization period of debt		5 years
Total amortization expense				$ 60	60
Subordinated Note Purchase Agreement | 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 | SOFR
Subordinated Debentures
Variable spread on debt		5.13%
Subordinated Note Purchase Agreement | 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 | Subsequent Event
Subordinated Debentures
Total amount in exchange offer	$ 50,000
Amount exchanged	$ 47,000
Subordinated Note Purchase Agreement | 5.875% Fixed-to-Floating Rate Subordinated Notes due 2027
Subordinated Debentures
Aggregate principal amount			$ 25,000
Fixed interest rate (as a percent)			5.875%
Percentage of face value at which notes are issued			100.00%
Issuance costs			$ 516
Amortization period of debt			5 years
Total amortization expense				26	78
Remaining to be amortized				$ 189	$ 189
Subordinated Note Purchase Agreement | 5.875% Fixed-to-Floating Rate Subordinated Notes due 2027 | LIBOR
Subordinated Debentures
Variable spread on debt			3.88%

Tax Credit Investments - Invest

Tax Credit Investments - Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Investments in qualified affordable housing projects and other tax credit investments
Investment	$ 4,281		$ 4,281		$ 4,410
Unfunded Commitment	2,394		2,394		3,395
Amortization Expense	216	$ 602	803	$ 2,313
Tax Benefit Recognized	(303)	(724)	(1,085)	(2,787)
Low Income Housing Tax Credit (LIHTC)
Investments in qualified affordable housing projects and other tax credit investments
Investment	1,937		1,937		2,148
Amortization Expense	70	72	211	216
Tax Benefit Recognized	(83)	(83)	(248)	(248)
Federal Historic Tax Credit (FHTC)
Investments in qualified affordable housing projects and other tax credit investments
Investment	2,344		2,344		2,262
Unfunded Commitment	2,394		2,394		$ 3,395
Amortization Expense	146	530	592	2,097
Tax Benefit Recognized	$ (220)	$ (641)	$ (837)	$ (2,539)

Commitments, Contingencies an_3

Commitments, Contingencies and Credit Risk (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Commitments Outstanding
Unfunded Commitments Under Lines of Credit	$ 605,994		$ 500,962
Letters of Credit	85,901		79,225
Totals	691,895		580,187
Payment of construction costs	22,040	$ 13,352
Federal Home Loan Bank Advances
Commitments Outstanding
Outstanding letters of credit	$ 74,207		$ 108,502

Stock Options and Restricted _3

Stock Options and Restricted Stock Awards - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2020USD ($)itemshares	Dec. 31, 2019shares
Stock Options and Restricted Stock Awards
Number of banks in the index | item	54
Minimum
Stock Options and Restricted Stock Awards
Market capitalization | $	$ 500
Maximum
Stock Options and Restricted Stock Awards
Market capitalization | $	$ 4,500
2012 Plan
Stock Options and Restricted Stock Awards
Number of shares authorized for grant options to its directors, officers, and employees	750,000
Term of award	10 years
Vesting period	5 years
Number of unissued shares of the Company's common stock authorized for option grants	30,000	0
2017 Plan
Stock Options and Restricted Stock Awards
Number of shares authorized for grant options to its directors, officers, and employees	1,500,000
Term of award	10 years
Number of unissued shares of the Company's common stock authorized for option grants	313,600	310,600
2017 Plan | Minimum
Stock Options and Restricted Stock Awards
Vesting period	4 years
2017 Plan | Maximum
Stock Options and Restricted Stock Awards
Vesting period	5 years
2019 EIP
Stock Options and Restricted Stock Awards
Number of shares authorized for grant options to its directors, officers, and employees	1,000,000
Term of award	10 years
Vesting period	4 years
Number of unissued shares of the Company's common stock authorized for option grants	771,489	867,040

Stock Options and Restricted _4

Stock Options and Restricted Stock Awards - Black-Scholes Assumptions (Details)	9 Months Ended
	Sep. 30, 2020
Black-Scholes Assumptions
Expected Life	7 years
Expected Volatility	44.14%
Risk-Free Interest Rate	0.68%

Stock Options and Restricted _5

Stock Options and Restricted Stock Awards - Stock Option Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Stock Option Plans
Outstanding at Beginning of Year			1,961,650
Granted			60,000
Exercised			(17,500)
Forfeitures			(33,000)
Outstanding at End of Year	1,971,150		1,971,150
Options Exercisable at End of Year	1,010,550		1,010,550
Weighted Average Exercise Price
Outstanding at Beginning of Year			$ 7.08
Granted			10.61
Exercised			3.11
Forfeitures			7.47
Outstanding at End of Year	$ 7.22		7.22
Options Exercisable at End of Year	$ 5.21		$ 5.21
Stock Options
Weighted Average Exercise Price
Compensation expense for stock options	$ 205	$ 175	$ 653	$ 524

Stock Options and Restricted _6

Stock Options and Restricted Stock Awards - Exercise Price (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2020USD ($)$ / sharesshares
Exercise Price
Options Outstanding, Number Outstanding	1,971,150
Options Outstanding, Remaining Contractual Life	6 years 3 months 18 days
Options Outstanding, Exercise Price | $ / shares	$ 7.22
Options Exercisable, Number Outstanding	1,010,550
Total unrecognized compensation cost | $	$ 2,256
Weighted-average period over which total unrecognized compensation cost is expected to be recognized (in years)	4 years 9 months 18 days
2.13
Exercise Price
Options Outstanding, Number Outstanding	66,750
Options Outstanding, Remaining Contractual Life	2 years 6 months
Options Outstanding, Exercise Price | $ / shares	$ 2.13
Options Exercisable, Number Outstanding	66,750
3.00
Exercise Price
Options Outstanding, Number Outstanding	447,500
Options Outstanding, Remaining Contractual Life	3 years 3 months 18 days
Options Outstanding, Exercise Price | $ / shares	$ 3
Options Exercisable, Number Outstanding	447,500
3.58
Exercise Price
Options Outstanding, Number Outstanding	45,000
Options Outstanding, Remaining Contractual Life	4 years 3 months 18 days
Options Outstanding, Exercise Price | $ / shares	$ 3.58
Options Exercisable, Number Outstanding	45,000
7.47
Exercise Price
Options Outstanding, Number Outstanding	988,900
Options Outstanding, Remaining Contractual Life	7 years
Options Outstanding, Exercise Price | $ / shares	$ 7.47
Options Exercisable, Number Outstanding	400,300
13.22
Exercise Price
Options Outstanding, Number Outstanding	25,000
Options Outstanding, Remaining Contractual Life	7 years 7 months 6 days
Options Outstanding, Exercise Price | $ / shares	$ 13.22
Options Exercisable, Number Outstanding	10,000
12.86
Exercise Price
Options Outstanding, Number Outstanding	45,000
Options Outstanding, Remaining Contractual Life	7 years 10 months 24 days
Options Outstanding, Exercise Price | $ / shares	$ 12.86
Options Exercisable, Number Outstanding	18,000
12.94
Exercise Price
Options Outstanding, Number Outstanding	30,000
Options Outstanding, Remaining Contractual Life	8 years
Options Outstanding, Exercise Price | $ / shares	$ 12.94
Options Exercisable, Number Outstanding	6,000
11.59
Exercise Price
Options Outstanding, Number Outstanding	25,000
Options Outstanding, Remaining Contractual Life	8 years 1 month 6 days
Options Outstanding, Exercise Price | $ / shares	$ 11.59
Options Exercisable, Number Outstanding	5,000
11.15
Exercise Price
Options Outstanding, Number Outstanding	10,000
Options Outstanding, Remaining Contractual Life	8 years 4 months 24 days
Options Outstanding, Exercise Price | $ / shares	$ 11.15
Options Exercisable, Number Outstanding	2,000
11.13
Exercise Price
Options Outstanding, Number Outstanding	50,000
Options Outstanding, Remaining Contractual Life	8 years 10 months 24 days
Options Outstanding, Exercise Price | $ / shares	$ 11.13
Options Exercisable, Number Outstanding	10,000
12.92
Exercise Price
Options Outstanding, Number Outstanding	178,000
Options Outstanding, Remaining Contractual Life	9 years 2 months 12 days
Options Outstanding, Exercise Price | $ / shares	$ 12.92
12.67
Exercise Price
Options Outstanding, Number Outstanding	25,000
Options Outstanding, Remaining Contractual Life	9 years 4 months 24 days
Options Outstanding, Exercise Price | $ / shares	$ 12.67
8.76
Exercise Price
Options Outstanding, Number Outstanding	25,000
Options Outstanding, Remaining Contractual Life	9 years 6 months
Options Outstanding, Exercise Price | $ / shares	$ 8.76
10.08
Exercise Price
Options Outstanding, Number Outstanding	10,000
Options Outstanding, Remaining Contractual Life	9 years 8 months 12 days
Options Outstanding, Exercise Price | $ / shares	$ 10.08

Stock Options and Restricted _7

Stock Options and Restricted Stock Awards - Non-Vested Options (Details)	9 Months Ended
	Sep. 30, 2020$ / sharesshares
Number of Shares
Nonvested Options at beginning of period | shares	969,600
Granted | shares	60,000
Vested | shares	(36,000)
Forfeited | shares	(33,000)
Nonvested Options at end of period | shares	960,600
Weighted Average Grant Date Fair Value
Nonvested Options at beginning of period | $ / shares	$ 3.08
Granted | $ / shares	4.39
Vested | $ / shares	3.02
Forfeited | $ / shares	2.80
Nonvested Options at end of period | $ / shares	$ 3.17

Stock Options and Restricted _8

Stock Options and Restricted Stock Awards - Restricted Stock Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Number of Shares
Nonvested Awards at beginning of period			132,960
Granted			16,141
Forfeited			(3,200)
Nonvested Awards at end of period	145,901		145,901
Weighted Average Grant Date Fair Value
Nonvested Awards at beginning of period			$ 12.92
Granted			10.11
Forfeited			12.92
Nonvested Awards at end of period	$ 12.61		$ 12.61
Compensation expense
Recognition period for non vested restricted stock awards			4 years 9 months 18 days
Shares issued for services on board of directors			22,610
Value of shares issued for services on board of directors			$ 222
Restricted Stock
Number of Shares
Vesting period			4 years
Compensation expense
Compensation expense recognized	$ 109	$ 0	$ 330	$ 0
Unrecognized compensation cost	$ 1,479		$ 1,479
Recognition period for non vested restricted stock awards			4 years

Regulatory Capital - Capital Am

Regulatory Capital - Capital Amounts and Ratios (Details) $ in Thousands	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Total Risk-Based Capital
Total Risk-Based Capital, Actual amount	$ 359,597	$ 269,613
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	186,206	166,163
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conversion Buffer, amount	$ 244,396	$ 218,089
Total Risk-Based Capital, Actual ratio	15.45	12.98
Total Risk-Based Capital, For Capital Adequacy Purposes, Ratio	8	8
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	10.50	10.50
Tier 1 Risk-Based Capital
Banking Regulation, Tier One Risk-Based Capital, Actual	$ 256,805	$ 236,533
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	139,655	124,623
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 197,844	$ 176,549
Tier 1 Risk-Based Capital, Actual ratio	11.03	11.39
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, Ratio	6	6
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	8.50	8.50
Common Equity Tier 1 Capital
Common Equity Tier 1 Capital, Actual amount	$ 256,805	$ 236,533
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	104,741	93,467
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 162,931	$ 145,393
Common Equity Tier 1 Capital, Actual ratio	11.03	11.39
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	7.00%	7.00%
Leverage Ratio
Tier 1 Leverage Ratio, Actual amount	$ 256,805	$ 236,533
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, amount	104,543	88,498
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 104,543	$ 88,498
Tier 1 Leverage Ratio, Actual ratio	9.83	10.69
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, Ratio	4	4
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	4	4
Bank
Total Risk-Based Capital
Total Risk-Based Capital, Actual amount	$ 322,276	$ 252,501
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	186,104	166,137
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conversion Buffer, amount	244,262	218,055
Total Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 232,630	$ 207,671
Total Risk-Based Capital, Actual ratio	13.85	12.16
Total Risk-Based Capital, For Capital Adequacy Purposes, Ratio	8	8
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	10.50	10.50
Total Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	10	10
Tier 1 Risk-Based Capital
Banking Regulation, Tier One Risk-Based Capital, Actual	$ 293,164	$ 243,461
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	139,578	124,603
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	197,736	176,521
Tier 1 Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 186,104	$ 166,137
Tier 1 Risk-Based Capital, Actual ratio	12.60	11.72
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, Ratio	6	6
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	8.50	8.50
Tier 1 Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	8	8
Common Equity Tier 1 Capital
Common Equity Tier 1 Capital, Actual amount	$ 293,164	$ 243,461
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	104,684	93,452
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	162,841	145,370
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 151,210	$ 134,986
Common Equity Tier 1 Capital, Actual ratio	12.60	11.72
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, Ratio	4.50%	4.50%
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	7.00%	7.00%
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	6.50%	6.50%
Leverage Ratio
Tier 1 Leverage Ratio, Actual amount	$ 293,164	$ 243,461
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, amount	104,350	88,455
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	104,350	88,455
Tier 1 Leverage Ratio, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 130,437	$ 110,569
Tier 1 Leverage Ratio, Actual ratio	11.24	11.01
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, Ratio	4	4
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	4	4
Tier 1 Leverage Ratio, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	5	5

Stock Repurchase Program (Detai

Stock Repurchase Program (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 23, 2019	Jan. 22, 2019	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Stock Repurchase Program
Increase in stock repurchase authorized amount	$ 10,000
Authorized stock repurchase amount	$ 25,000	$ 15,000
Authorized repurchase program period		24 months
Shares repurchased			137,984		315,848
Percentage of shares outstanding of entity			1.00%		1.00%
Weighted average share repurchase price			$ 9.39		$ 10.59
Stock Repurchases			$ 1,296	$ 2,345	$ 3,346	$ 14,959
Remaining repurchase amount			$ 6,700		$ 6,700

Fair Value Measurement - Recurr

Fair Value Measurement - Recurring (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	$ 373,955	$ 289,877
Interest Rate Swaps	3,591	284
Interest Rate Swaps	7,490	902
Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Swaps	3,591	284
Total Fair Value of Financial Assets	377,546	290,161
Interest Rate Swaps	7,490	902
Total Fair Value of Financial Liabilities	7,490	902
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		4,998
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		4,998
Municipal Bonds
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	105,254	105,743
Municipal Bonds | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	105,254	105,743
Mortgage-Backed Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	118,359	64,728
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	118,359	64,728
Corporate Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	68,506	50,176
Corporate Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	68,506	50,176
SBA Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	42,507	49,559
SBA Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	42,507	49,559
Asset-Backed Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	39,329	14,673
Asset-Backed Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	39,329	14,673
Level 1
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value		4,998
Level 1 | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets		4,998
Level 1 | 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		4,998
Level 2
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	373,955	284,879
Interest Rate Swaps	3,591	284
Interest Rate Swaps	7,490	902
Level 2 | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Swaps	3,591	284
Total Fair Value of Financial Assets	377,546	285,163
Interest Rate Swaps	7,490	902
Total Fair Value of Financial Liabilities	7,490	902
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	105,254	105,743
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	118,359	64,728
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	68,506	50,176
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	42,507	49,559
Level 2 | Asset-Backed Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	$ 39,329	$ 14,673

Fair Value Measurement - Nonrec

Fair Value Measurement - Nonrecurring (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	$ 3,750	$ 900	$ 8,850	$ 2,100
Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss			197		$ 206
Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss			197		206
Level 2 | Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	80		80		75
Level 2 | Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	$ 80		$ 80		$ 75

Fair Value Measurement - Estima

Fair Value Measurement - Estimated Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Financial Assets:
Cash and Due From Banks	$ 91,510	$ 31,935
Bank-Owned Certificates of Deposit	2,862	2,654
Securities Available for Sale, at Fair Value	373,955	289,877
FHLB Stock, at Cost	7,817	7,824
Loans, Net	2,217,480	1,884,000
Accrued Interest Receivable	9,647	6,775
Interest Rate Swaps	3,591	284
Financial Liabilities:
Deposits	2,273,044	1,823,310
Notes Payable	11,500	13,000
FHLB Advances	127,500	136,500
Subordinated Debentures	73,665	24,733
Accrued Interest Payable	2,082	1,982
Interest Rate Swaps	7,490	902
Level 1
Financial Assets:
Cash and Due From Banks	91,510	31,935
Securities Available for Sale, at Fair Value		4,998
Level 2
Financial Assets:
Bank-Owned Certificates of Deposit	2,920	2,677
Securities Available for Sale, at Fair Value	373,955	284,879
FHLB Stock, at Cost	7,817	7,824
Loans, Net	2,256,282	1,891,987
Accrued Interest Receivable	9,647	6,775
Interest Rate Swaps	3,591	284
Financial Liabilities:
Deposits	2,281,737	1,821,915
Notes Payable	11,502	13,022
FHLB Advances	134,533	141,152
Subordinated Debentures	74,964	25,309
Accrued Interest Payable	2,082	1,982
Interest Rate Swaps	7,490	902
Estimated Fair Value
Financial Assets:
Cash and Due From Banks	91,510	31,935
Bank-Owned Certificates of Deposit	2,920	2,677
Securities Available for Sale, at Fair Value	373,955	289,877
FHLB Stock, at Cost	7,817	7,824
Loans, Net	2,256,282	1,891,987
Accrued Interest Receivable	9,647	6,775
Interest Rate Swaps	3,591	284
Financial Liabilities:
Deposits	2,281,737	1,821,915
Notes Payable	11,502	13,022
FHLB Advances	134,533	141,152
Subordinated Debentures	74,964	25,309
Accrued Interest Payable	2,082	1,982
Interest Rate Swaps	$ 7,490	$ 902

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ in Millions	Oct. 27, 2020	Jul. 23, 2019	Jan. 22, 2019
Subsequent Events
Stock Repurchase Program, Increase In Authorized		$ 10
Authorized stock repurchase amount		$ 25	$ 15
Subsequent Event
Subsequent Events
Stock Repurchase Program, Increase In Authorized	$ 15
Authorized stock repurchase amount	$ 40