Bridgewater Bancshares (BWB) 10-Q 4 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Nov. 01, 2021
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
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
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		28,066,822
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Entity Central Index Key	0001341317
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	BWB
Security Exchange Name	NASDAQ
Depositary Shares
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares
Trading Symbol	BWBBP
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
ASSETS
Cash and Cash Equivalents	$ 189,502	$ 160,675
Bank-Owned Certificates of Deposit	1,877	2,860
Securities Available for Sale, at Fair Value	413,149	390,629
Loans, Net of Allowance for Loan Losses of $38,901 at September 30, 2021 (unaudited) and $34,841 at December 31, 2020	2,662,912	2,282,436
Federal Home Loan Bank (FHLB) Stock, at Cost	5,442	5,027
Premises and Equipment, Net	49,803	50,987
Accrued Interest	8,550	9,172
Goodwill	2,626	2,626
Other Intangible Assets, Net	527	670
Other Assets	54,737	22,263
Total Assets	3,389,125	2,927,345
Deposits:
Noninterest Bearing	846,490	671,903
Interest Bearing	2,007,667	1,829,733
Total Deposits	2,854,157	2,501,636
Notes Payable		11,000
FHLB Advances	47,500	57,500
Subordinated Debentures, Net of Issuance Costs	92,153	73,739
Accrued Interest Payable	1,656	1,615
Other Liabilities	25,856	16,450
Total Liabilities	3,021,322	2,661,940
SHAREHOLDERS' EQUITY
Preferred Stock- $0.01 par value Authorized 10,000,000; Issued and Outstanding 2,760,000 Series A shares ($25 liquidation preference) at September 30, 2021 (unaudited) and -0- at December 31, 2020	66,515
Common Stock- $0.01 par value Common Stock - Authorized 75,000,000; Issued and Outstanding 28,066,822 at September 30, 2021 (unaudited) and 28,143,493 at December 31, 2020	281	281
Additional Paid-In Capital	103,471	103,714
Retained Earnings	188,004	154,831
Accumulated Other Comprehensive Income	9,532	6,579
Total Shareholders' Equity	367,803	265,405
Total Liabilities and Equity	$ 3,389,125	$ 2,927,345

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Allowance of loan loss	$ 38,901	$ 34,841
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)	2,760,000	0
Preferred stock, shares outstanding (in shares)	2,760,000	0
Liquidation preference	$ 25
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)	28,066,822	28,143,493
Common stock, shares outstanding (in shares)	28,066,822	28,143,493

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
INTEREST INCOME
Loans, Including Fees	$ 31,049	$ 26,224	$ 87,705	$ 77,250
Investment Securities	2,333	2,100	7,065	6,387
Other	135	169	334	490
Total Interest Income	33,517	28,493	95,104	84,127
INTEREST EXPENSE
Deposits	3,417	4,840	10,601	15,734
Notes Payable		108	61	334
FHLB Advances	213	748	669	2,839
Subordinated Debentures	1,214	1,118	3,411	1,990
Federal Funds Purchased			6	107
Total Interest Expense	4,844	6,814	14,748	21,004
NET INTEREST INCOME	28,673	21,679	80,356	63,123
Provision for Loan Losses	1,300	3,750	4,000	8,850
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	27,373	17,929	76,356	54,273
NONINTEREST INCOME
Customer Service Fees	268	200	733	575
Net Gain on Sales of Available for Sale Securities	48	109	750	1,473
Other Income	1,094	848	2,538	2,805
Total Noninterest Income	1,410	1,157	4,021	4,853
NONINTEREST EXPENSE
Salaries and Employee Benefits	8,309	6,550	22,923	19,352
Occupancy and Equipment	942	894	2,977	2,279
Other Expense	3,985	2,228	9,736	8,498
Total Noninterest Expense	13,236	9,672	35,636	30,129
INCOME BEFORE INCOME TAXES	15,547	9,414	44,741	28,997
Provision for Income Taxes	4,038	2,240	11,568	6,782
NET INCOME	$ 11,509	$ 7,174	$ 33,173	$ 22,215
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.41	$ 0.25	$ 1.18	$ 0.77
Diluted (in dollars per share)	$ 0.40	$ 0.25	$ 1.14	$ 0.76

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Consolidated Statements of Comprehensive Income
Net Income	$ 11,509	$ 7,174	$ 33,173	$ 22,215
Other Comprehensive Income (Loss):
Unrealized Gains (Losses) on Available for Sale Securities	(237)	2,276	114	5,397
Unrealized Gains (Losses) on Cash Flow Hedges	242	7	3,295	(3,593)
Reclassification Adjustment for (Gains) Losses Realized in Income	358	204	329	(1,160)
Income Tax Impact	(73)	(522)	(785)	(135)
Total Other Comprehensive Income (Loss), Net of Tax	290	1,965	2,953	509
Comprehensive Income	$ 11,799	$ 9,139	$ 36,126	$ 22,724

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Preferred Stock	Common Stock	Additional Paid In Capital	Retained Earnings	Accumulated Other Comprehensive Income	Total
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				22,215	509	22,724
Stock Options Exercised			54			54
Stock Options Exercised (in shares)		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				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
Balance at the beginning at Dec. 31, 2020		$ 281	103,714	154,831	6,579	265,405
Balance at the beginning (in shares) at Dec. 31, 2020		28,143,493
Stock-based Compensation			1,765			1,765
Stock-based Compensation (in shares)		14,408
Comprehensive Income				33,173	2,953	36,126
Preferred Stock Offering, Net of Issuance Costs	$ 66,515					66,515
Stock Options Exercised		$ 1	242			$ 243
Stock Options Exercised (in shares)		52,400				52,400
Stock Repurchases		$ (1)	(2,245)			$ (2,246)
Stock Repurchases (in shares)		(143,125)
Restricted Shares Withheld for Taxes			(5)			(5)
Restricted Shares Withheld for Taxes (in shares)		(354)
Balance at the end at Sep. 30, 2021	66,515	$ 281	103,471	188,004	9,532	367,803
Balance at the end (in shares) at Sep. 30, 2021		28,066,822
Balance at the beginning at Jun. 30, 2021		$ 282	104,811	176,495	9,242	290,830
Balance at the beginning (in shares) at Jun. 30, 2021		28,162,777
Stock-based Compensation			608			608
Stock-based Compensation (in shares)		4,552
Comprehensive Income				11,509	290	11,799
Preferred Stock Offering, Net of Issuance Costs	66,515					66,515
Stock Options Exercised			89			89
Stock Options Exercised (in shares)		26,000
Stock Repurchases		$ (1)	(2,037)			(2,038)
Stock Repurchases (in shares)		(126,507)
Balance at the end at Sep. 30, 2021	$ 66,515	$ 281	$ 103,471	$ 188,004	$ 9,532	$ 367,803
Balance at the end (in shares) at Sep. 30, 2021		28,066,822

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income			$ 33,173	$ 22,215
Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities
Net Amortization on Securities Available for Sale			2,567	1,891
Net Gain on Sales of Securities Available for Sale	$ (48)	$ (109)	(750)	(1,473)
Provision for Loan Losses	1,300	3,750	4,000	8,850
Depreciation of Premises and Equipment			1,755	660
Loss on Sale of Premises and Equipment				2
Amortization of Other Intangible Assets			143	143
Amortization of Subordinated Debt Issuance Costs			299	138
Stock-based Compensation			1,765	1,206
Changes in Operating Assets and Liabilities:
Accrued Interest Receivable and Other Assets			(6,957)	(3,993)
Accrued Interest Payable and Other Liabilities			7,876	(11,716)
Net Cash Provided by Operating Activities			43,871	17,923
CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) Decrease in Bank-Owned Certificates of Deposit			983	(208)
Proceeds from Sales of Securities Available for Sale	4,119	4,794	11,877	38,832
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale			33,250	23,629
Purchases of Securities Available for Sale			(64,669)	(140,974)
Net Increase in Loans			(384,476)	(342,464)
Net (Increase) Decrease in FHLB Stock			(415)	7
Purchases of Premises and Equipment			(571)	(22,040)
Proceeds from Sales of Foreclosed Assets				134
Purchase of Bank-Owned Life Insurance			(25,166)
Net Cash Used in Investing Activities			(429,187)	(443,084)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase in Deposits			352,521	449,734
Principal Payments on Notes Payable			(11,000)	(1,500)
Proceeds from FHLB Advances				96,000
Principal Payments on FHLB Advances			(10,000)	(105,000)
Issuance of Preferred Stock, net of Issuance Costs			66,515
Issuance of Subordinated Debt, net of Issuance Costs			29,365	48,794
Redemption of Subordinated Debt			(11,250)
Stock Options Exercised			243	54
Stock Repurchases			(2,246)	(3,346)
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards			(5)
Net Cash Provided by Financing Activities			414,143	484,736
NET CHANGE IN CASH AND CASH EQUIVALENTS			28,827	59,575
Cash and Cash Equivalents Beginning			160,675	31,935	$ 31,935
Cash and Cash Equivalents Ending	$ 189,502	$ 91,510	189,502	91,510	$ 160,675
SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash Paid for Interest			14,408	20,766
Cash Paid for Income Taxes			15,176	7,917
Loans Transferred to Foreclosed Assets				134
Premises and Equipment Transferred to Other Assets				121
Net Investment Securities Purchased but Not Settled			$ 5,432	$ 2,059

Description of the Business and

Description of the Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
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, 2021 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 11, 2021. 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. Impact of Recently Adopted Accounting Guidance In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ​ 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 ​ Subsequent Events ​ Subsequent events have been evaluated through November 4, 2021, which is the date the consolidated financial statements were available to be issued. ​

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2021
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 computed by dividing net income by the weighted average number of common shares adjusted for the dilutive effect of stock compensation. For the three and nine months ended September 30, 2021, stock options, restricted stock awards and restricted stock units of approximately 55,000 and 55,000, respectively, were excluded from the calculation because their effect would have been anti-dilutive. 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. 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, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2021 2020 2021 2020 Net Income Available to Common Shareholders ​ $ 11,509 ​ $ 7,174 ​ $ 33,173 ​ $ 22,215 Weighted Average Common Stock Outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Common Stock Outstanding (Basic) ​ ​ 28,047,280 ​ ​ 28,683,855 ​ ​ 28,035,246 ​ ​ 28,717,142 Dilutive Effect of Stock Compensation ​ ​ 1,063,267 ​ ​ 490,746 ​ ​ 1,042,604 ​ ​ 583,621 Weighted Average Common Stock Outstanding (Dilutive) ​ ​ 29,110,547 ​ ​ 29,174,601 ​ ​ 29,077,850 ​ ​ 29,300,763 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Earnings per Common Share ​ $ 0.41 ​ $ 0.25 ​ $ 1.18 ​ $ 0.77 Diluted Earnings per Common Share ​ ​ 0.40 ​ ​ 0.25 ​ ​ 1.14 ​ ​ 0.76 ​

Securities

Securities	9 Months Ended
	Sep. 30, 2021
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 1,007 ​ $ 1 ​ $ — ​ $ 1,008 Municipal Bonds ​ ​ 129,730 ​ ​ 7,662 ​ ​ (507) ​ ​ 136,885 Mortgage-Backed Securities ​ 126,271 ​ 1,452 ​ (1,711) ​ 126,012 Corporate Securities ​ 74,455 ​ 2,938 ​ (147) ​ 77,246 SBA Securities ​ 33,220 ​ 97 ​ (209) ​ 33,108 Asset-Backed Securities ​ ​ 37,550 ​ ​ 1,390 ​ ​ (50) ​ ​ 38,890 Total Securities Available for Sale ​ $ 402,233 ​ $ 13,540 ​ $ (2,624) ​ $ 413,149 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 105,975 ​ $ 9,373 ​ $ (336) ​ $ 115,012 Mortgage-Backed Securities ​ 123,395 ​ 2,029 ​ (1,164) ​ 124,260 Corporate Securities ​ 71,116 ​ 1,240 ​ (201) ​ 72,155 SBA Securities ​ 40,455 ​ 32 ​ (380) ​ 40,107 Asset-Backed Securities ​ ​ 38,135 ​ ​ 976 ​ ​ (16) ​ ​ 39,095 Total Securities Available for Sale ​ $ 379,076 ​ $ 13,650 ​ $ (2,097) ​ $ 390,629 ​ 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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 26,462 ​ $ (435) ​ $ 3,764 ​ $ (72) ​ $ 30,226 ​ $ (507) Mortgage-Backed Securities ​ 36,734 ​ ​ (719) ​ ​ 24,669 ​ ​ (992) ​ 61,403 ​ (1,711) Corporate Securities ​ 9,656 ​ ​ (123) ​ ​ 1,476 ​ ​ (24) ​ 11,132 ​ (147) SBA Securities ​ 2,783 ​ ​ (2) ​ ​ 17,689 ​ ​ (207) ​ 20,472 ​ (209) Asset-Backed Securities ​ ​ 1,566 ​ ​ (50) ​ ​ — ​ ​ — ​ ​ 1,566 ​ ​ (50) Total Securities Available for Sale ​ $ 77,201 ​ $ (1,329) ​ $ 47,598 ​ $ (1,295) ​ $ 124,799 ​ $ (2,624) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 12,023 ​ $ (329) ​ $ 223 ​ $ (7) ​ $ 12,246 ​ $ (336) Mortgage-Backed Securities ​ 45,120 ​ ​ (1,163) ​ ​ 1,699 ​ ​ (1) ​ 46,819 ​ (1,164) Corporate Securities ​ 23,643 ​ ​ (131) ​ ​ 2,430 ​ ​ (70) ​ 26,073 ​ (201) SBA Securities ​ 3,288 ​ ​ (3) ​ ​ 28,193 ​ ​ (377) ​ 31,481 ​ (380) Asset-Backed Securities ​ ​ 2,471 ​ ​ (16) ​ ​ — ​ ​ — ​ ​ 2,471 ​ ​ (16) Total Securities Available for Sale ​ $ 86,545 ​ $ (1,642) ​ $ 32,545 ​ $ (455) ​ $ 119,090 ​ $ (2,097) ​ At September 30, 2021, 154 debt securities had unrealized losses with aggregate depreciation of approximately 2.1% from the Company’s amortized cost basis. At December 31, 2020, 150 debt securities had unrealized losses with aggregate depreciation of approximately 1.7% 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, 2021. The following table 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, 2021. 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, 2021 Amortized Cost Fair Value Due in One Year or Less ​ $ 8,325 ​ $ 8,425 Due After One Year Through Five Years ​ 79,077 ​ 83,142 Due After Five Years Through 10 Years ​ 71,434 ​ 75,398 Due After 10 Years ​ 46,356 ​ 48,174 Subtotal ​ 205,192 ​ 215,139 Mortgage-Backed Securities ​ 126,271 ​ 126,012 SBA Securities ​ 33,220 ​ 33,108 Asset-Backed Securities ​ ​ 37,550 ​ ​ 38,890 Totals ​ $ 402,233 ​ $ 413,149 ​ As of September 30, 2021 and December 31, 2020, 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, 2021 and September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2021 2020 2021 2020 Proceeds From Sales of Securities ​ $ 4,119 ​ $ 4,794 ​ $ 11,877 ​ $ 38,832 Gross Gains on Sales ​ 498 ​ 123 ​ 1,200 ​ 1,561 Gross Losses on Sales ​ (450) ​ (14) ​ (450) ​ (88) ​

Loans

Loans	9 Months Ended
	Sep. 30, 2021
Loans
Loans	Note 4: Loans The following table presents the components of the loan portfolio at September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 Commercial ​ $ 350,081 ​ $ 304,220 Paycheck Protection Program ​ ​ 54,190 ​ ​ 138,454 Construction and Land Development ​ 257,167 ​ 170,217 Real Estate Mortgage: ​ ​ ​ ​ 1-4 Family Mortgage ​ 290,535 ​ 294,479 Multifamily ​ 865,172 ​ 626,465 CRE Owner Occupied ​ ​ 101,834 ​ ​ 75,604 CRE Non-owner Occupied ​ ​ 786,271 ​ ​ 709,300 Total Real Estate Mortgage Loans ​ ​ 2,043,812 ​ ​ 1,705,848 Consumer and Other ​ ​ 6,762 ​ ​ 7,689 Total Loans, Gross ​ 2,712,012 ​ 2,326,428 Allowance for Loan Losses ​ (38,901) ​ (34,841) Net Deferred Loan Fees ​ (10,199) ​ (9,151) Total Loans, Net ​ $ 2,662,912 ​ $ 2,282,436 ​ The following table presents the activity in the allowance for loan losses, by segment, for the three months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 6,525 ​ $ 50 ​ $ 3,427 ​ $ 3,502 ​ $ 11,150 ​ $ 1,244 ​ $ 11,018 ​ $ 220 ​ $ 455 ​ $ 37,591 Provision for Loan Losses ​ 171 ​ ​ (23) ​ ​ 47 ​ ​ 33 ​ ​ 816 ​ ​ 179 ​ ​ 3 ​ ​ (37) ​ ​ 111 ​ 1,300 Loans Charged-off ​ (6) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (14) ​ ​ — ​ (20) Recoveries of Loans ​ 12 ​ ​ — ​ ​ — ​ ​ 18 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 30 Total Ending Allowance Balance ​ $ 6,702 ​ $ 27 ​ $ 3,474 ​ $ 3,553 ​ $ 11,966 ​ $ 1,423 ​ $ 11,021 ​ $ 169 ​ $ 566 ​ $ 38,901 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ The following table presents the activity in the allowance for loan losses, by segment, for the nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 5,703 ​ $ 70 ​ $ 2,491 ​ $ 3,972 ​ $ 9,517 ​ $ 1,162 ​ $ 10,991 ​ $ 203 ​ $ 732 ​ $ 34,841 Provision for Loan Losses ​ 971 ​ ​ (43) ​ ​ 983 ​ ​ (437) ​ ​ 2,449 ​ ​ 229 ​ ​ 30 ​ ​ (16) ​ ​ (166) ​ 4,000 Loans Charged-off ​ (6) ​ ​ — ​ ​ — ​ ​ (5) ​ ​ — ​ ​ — ​ ​ — ​ ​ (26) ​ ​ — ​ (37) Recoveries of Loans ​ 34 ​ ​ — ​ ​ — ​ ​ 23 ​ ​ — ​ ​ 32 ​ ​ — ​ ​ 8 ​ ​ — ​ 97 Total Ending Allowance Balance ​ $ 6,702 ​ $ 27 ​ $ 3,474 ​ $ 3,553 ​ $ 11,966 ​ $ 1,423 ​ $ 11,021 ​ $ 169 ​ $ 566 ​ $ 38,901 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Allowance for Loan Losses at September 30, 2021 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Individually Evaluated for Impairment ​ $ 266 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 266 Collectively Evaluated for Impairment ​ ​ 6,436 ​ ​ 27 ​ ​ 3,474 ​ ​ 3,553 ​ ​ 11,966 ​ ​ 1,423 ​ ​ 11,021 ​ ​ 169 ​ ​ 566 ​ 38,635 Totals ​ $ 6,702 ​ $ 27 ​ $ 3,474 ​ $ 3,553 ​ $ 11,966 ​ $ 1,423 ​ $ 11,021 ​ $ 169 ​ $ 566 ​ $ 38,901 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses at December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 37 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 13 ​ $ — ​ $ 50 Collectively Evaluated for Impairment ​ 5,666 ​ ​ 70 ​ ​ 2,491 ​ ​ 3,972 ​ ​ 9,517 ​ ​ 1,162 ​ ​ 10,991 ​ ​ 190 ​ ​ 732 ​ 34,791 Totals ​ $ 5,703 ​ $ 70 ​ $ 2,491 ​ $ 3,972 ​ $ 9,517 ​ $ 1,162 ​ $ 10,991 ​ $ 203 ​ $ 732 ​ $ 34,841 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ Loans at September 30, 2021 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Total Individually Evaluated for Impairment ​ $ 1,203 ​ $ — ​ $ 134 ​ $ 1,346 ​ $ — ​ $ 841 ​ $ 4,218 ​ $ — ​ $ 7,742 Collectively Evaluated for Impairment ​ 348,878 ​ ​ 54,190 ​ ​ 257,033 ​ ​ 289,189 ​ ​ 865,172 ​ ​ 100,993 ​ ​ 782,053 ​ ​ 6,762 ​ 2,704,270 Totals ​ $ 350,081 ​ $ 54,190 ​ $ 257,167 ​ $ 290,535 ​ $ 865,172 ​ $ 101,834 ​ $ 786,271 ​ $ 6,762 ​ $ 2,712,012 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 239 ​ $ — ​ $ 156 ​ $ 1,498 ​ $ — ​ $ 870 ​ $ 12,388 ​ $ 13 ​ $ 15,164 Collectively Evaluated for Impairment ​ 303,981 ​ ​ 138,454 ​ ​ 170,061 ​ ​ 292,981 ​ ​ 626,465 ​ ​ 74,734 ​ ​ 696,912 ​ ​ 7,676 ​ 2,311,264 Totals ​ $ 304,220 ​ $ 138,454 ​ $ 170,217 ​ $ 294,479 ​ $ 626,465 ​ $ 75,604 ​ $ 709,300 ​ $ 7,689 ​ $ 2,326,428 ​ The following table presents information regarding total carrying amounts and total unpaid principal balances of impaired loans by loan segment as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related ​ Investment Balance Allowance Investment Balance Allowance Loans With No Related Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 50 ​ $ 50 ​ $ — ​ $ 122 ​ $ 122 ​ $ — Construction and Land Development ​ ​ 134 ​ ​ 741 ​ ​ — ​ ​ 156 ​ ​ 763 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 884 ​ 884 ​ — ​ 884 ​ 884 ​ — 1st REM - Rentals ​ 462 ​ ​ 462 ​ — ​ 614 ​ 614 ​ — CRE Owner Occupied ​ 841 ​ 879 ​ — ​ 870 ​ 870 ​ — CRE Non Owner Occupied ​ ​ 4,218 ​ ​ 4,218 ​ ​ — ​ ​ 12,388 ​ ​ 12,388 ​ ​ — Totals ​ 6,589 ​ 7,234 ​ — ​ 15,034 ​ 15,641 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 1,153 ​ ​ 1,153 ​ ​ 266 ​ 117 ​ 120 ​ 37 Consumer and Other ​ ​ — ​ ​ — ​ ​ — ​ ​ 13 ​ ​ 13 ​ ​ 13 Totals ​ 1,153 ​ 1,153 ​ 266 ​ 130 ​ 133 ​ 50 Grand Totals ​ $ 7,742 ​ $ 8,387 ​ $ 266 ​ $ 15,164 ​ $ 15,774 ​ $ 50 ​ 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, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2021 2020 ​ 2021 2020 ​ ​ 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 ​ $ 50 ​ $ 1 ​ $ 272 ​ $ 4 ​ $ 50 ​ $ 3 ​ $ 277 ​ $ 9 Construction and Land Development ​ ​ 137 ​ ​ — ​ ​ 162 ​ ​ — ​ ​ 144 ​ ​ — ​ ​ 168 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ 884 ​ ​ 12 ​ ​ 865 ​ ​ 11 ​ ​ 884 ​ ​ 34 ​ ​ 804 ​ ​ 31 1st REM - Rentals ​ 465 ​ ​ 6 ​ ​ 748 ​ ​ 8 ​ 470 ​ ​ 18 ​ ​ 753 ​ ​ 21 CRE Owner Occupied ​ 867 ​ ​ 3 ​ ​ 1,594 ​ ​ 21 ​ 868 ​ ​ 9 ​ ​ 1,602 ​ ​ 65 CRE Non Owner Occupied ​ ​ 4,232 ​ ​ 54 ​ ​ 12,115 ​ ​ 172 ​ ​ 4,262 ​ ​ 161 ​ ​ 12,145 ​ ​ 514 Totals ​ 6,635 ​ 76 ​ 15,756 ​ 216 ​ 6,678 ​ 225 ​ 15,749 ​ 640 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 1,154 ​ ​ 14 ​ ​ 121 ​ ​ 1 ​ 1,155 ​ ​ 40 ​ ​ 124 ​ ​ 2 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ — ​ ​ — ​ ​ 144 ​ ​ — ​ ​ — ​ ​ — ​ ​ 144 ​ ​ — Consumer and Other ​ ​ — ​ ​ — ​ ​ 13 ​ ​ — ​ ​ — ​ ​ — ​ ​ 13 ​ ​ 1 Totals ​ 1,154 ​ 14 ​ 278 ​ 1 ​ 1,155 ​ 40 ​ 281 ​ 3 Grand Totals ​ $ 7,789 ​ $ 90 ​ $ 16,034 ​ $ 217 ​ $ 7,833 ​ $ 265 ​ $ 16,030 ​ $ 643 ​ 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, 2021 and December 31, 2020, based on the most recent analysis performed by management: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Pass Watch Substandard Total Commercial ​ $ 323,787 ​ $ 25,091 ​ $ 1,203 ​ $ 350,081 Paycheck Protection Program ​ ​ 54,190 ​ ​ — ​ ​ — ​ ​ 54,190 Construction and Land Development ​ 257,033 ​ ​ — ​ ​ 134 ​ 257,167 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 28,787 ​ ​ — ​ ​ 883 ​ 29,670 1st REM - 1-4 Family ​ 46,197 ​ ​ 692 ​ ​ — ​ 46,889 LOCs and 2nd REM - Rentals ​ 20,174 ​ ​ 18 ​ ​ — ​ 20,192 1st REM - Rentals ​ 193,321 ​ ​ — ​ ​ 463 ​ 193,784 Multifamily ​ 865,172 ​ ​ — ​ ​ — ​ 865,172 CRE Owner Occupied ​ 99,396 ​ ​ 1,597 ​ ​ 841 ​ 101,834 CRE Non-owner Occupied ​ ​ 742,074 ​ ​ 39,979 ​ ​ 4,218 ​ ​ 786,271 Consumer and Other ​ 6,762 ​ ​ — ​ ​ — ​ 6,762 Totals ​ $ 2,636,893 ​ $ 67,377 ​ $ 7,742 ​ $ 2,712,012 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Pass Watch Substandard Total Commercial ​ $ 289,465 $ ​ 14,516 $ ​ 239 ​ $ 304,220 Paycheck Protection Program ​ ​ 138,454 ​ ​ — ​ ​ — ​ ​ 138,454 Construction and Land Development ​ 170,061 ​ ​ — ​ ​ 156 ​ 170,217 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 29,396 ​ ​ — ​ ​ 884 ​ 30,280 1st REM - 1-4 Family ​ 41,239 ​ ​ 703 ​ ​ — ​ 41,942 LOCs and 2nd REM - Rentals ​ 20,678 ​ ​ — ​ ​ — ​ 20,678 1st REM - Rentals ​ 200,965 ​ ​ — ​ ​ 614 ​ 201,579 Multifamily ​ 626,465 ​ ​ — ​ ​ — ​ 626,465 CRE Owner Occupied ​ 74,734 ​ ​ — ​ ​ 870 ​ 75,604 CRE Non-owner Occupied ​ ​ 667,336 ​ ​ 29,576 ​ ​ 12,388 ​ ​ 709,300 Consumer and Other ​ 7,676 ​ ​ — ​ ​ 13 ​ 7,689 Totals ​ $ 2,266,469 ​ $ 44,795 ​ $ 15,164 ​ $ 2,326,428 ​ The following tables present the aging of the recorded investment in past due loans by loan segment as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ September 30, 2021 Current Past Due More Past Due Nonaccrual Total Commercial ​ $ 350,081 ​ $ — ​ $ — ​ $ — ​ $ 350,081 Paycheck Protection Program ​ ​ 54,190 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ 54,190 Construction and Land Development ​ 257,033 ​ ​ — ​ ​ — ​ ​ 134 ​ 257,167 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 29,670 ​ ​ — ​ ​ — ​ ​ — ​ 29,670 1st REM - 1-4 Family ​ 46,871 ​ ​ 18 ​ ​ — ​ ​ — ​ 46,889 LOCs and 2nd REM - Rentals ​ 20,192 ​ ​ — ​ ​ — ​ ​ — ​ 20,192 1st REM - Rentals ​ 193,784 ​ ​ — ​ ​ — ​ ​ — ​ 193,784 Multifamily ​ 865,172 ​ ​ — ​ ​ — ​ ​ — ​ 865,172 CRE Owner Occupied ​ 101,234 ​ ​ — ​ ​ — ​ ​ 600 ​ 101,834 CRE Non-owner Occupied ​ 786,271 ​ ​ — ​ ​ — ​ ​ — ​ 786,271 Consumer and Other ​ 6,762 ​ ​ — ​ ​ — ​ ​ — ​ 6,762 Totals ​ $ 2,711,260 ​ $ 18 ​ $ — ​ $ 734 ​ $ 2,712,012 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ December 31, 2020 Current Past Due More Past Due Nonaccrual Total Commercial ​ $ 304,211 ​ $ 3 ​ $ — ​ $ 6 ​ $ 304,220 Paycheck Protection Program ​ ​ 138,454 ​ ​ — ​ ​ — ​ ​ — ​ ​ 138,454 Construction and Land Development ​ 170,061 ​ ​ — ​ ​ — ​ ​ 156 ​ 170,217 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 30,280 ​ ​ — ​ ​ — ​ ​ — ​ 30,280 1st REM - 1-4 Family ​ 41,942 ​ ​ — ​ ​ — ​ ​ — ​ 41,942 LOCs and 2nd REM - Rentals ​ 20,668 ​ ​ 10 ​ ​ — ​ ​ — ​ 20,678 1st REM - Rentals ​ 201,579 ​ ​ — ​ ​ — ​ ​ — ​ 201,579 Multifamily ​ 626,465 ​ ​ — ​ ​ — ​ ​ — ​ 626,465 CRE Owner Occupied ​ 74,991 ​ ​ — ​ ​ — ​ ​ 613 ​ 75,604 CRE Non-owner Occupied ​ 709,300 ​ ​ — ​ ​ — ​ ​ — ​ 709,300 Consumer and Other ​ 7,689 ​ ​ — ​ ​ — ​ ​ — ​ 7,689 Totals ​ $ 2,325,640 ​ $ 13 ​ $ — ​ $ 775 ​ $ 2,326,428 ​ At September 30, 2021, there were four loans classified as troubled debt restructurings with total aggregate outstanding balances of $1,440. In comparison, at December 31, 2020, there were three loans classified as troubled debt restructurings with total aggregate outstanding balances of $421. There was one new loan classified as a troubled debt restructuring during the nine month period ended September 30, 2021, and no loans classified as troubled debt restructurings during the previous twelve months subsequently defaulted during the nine months ended September 30, 2021. ​ In response to the COVID-19 pandemic, the Company developed programs for clients who experienced business and personal disruptions due to the COVID-19 pandemic pursuant to which the Company provided interest-only modifications, loan payment deferrals, or extended amortization modifications. In accordance with interagency regulatory guidance and the CARES Act, qualifying loans modified in response to the COVID-19 pandemic are not considered troubled debt restructurings. ​ The following table presents a summary of active loan modifications made in response to the COVID-19 pandemic, by loan segment and modification type, as of September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-Only ​ Extended Amortization ​ Total (dollars in thousands) Amount # of Loans Amount # of Loans Amount # of Loans Commercial ​ $ 320 ​ 2 ​ $ 4,764 ​ 1 ​ $ 5,084 ​ 3 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRE Owner Occupied ​ ​ 638 ​ 3 ​ ​ — ​ — ​ ​ 638 ​ 3 CRE Nonowner Occupied ​ ​ 29,639 ​ 7 ​ ​ — ​ — ​ ​ 29,639 ​ 7 Totals ​ $ 30,597 ​ 12 ​ $ 4,764 ​ 1 ​ $ 35,361 ​ 13 ​

Deposits

Deposits	9 Months Ended
	Sep. 30, 2021
Deposits.
Deposits	Note 5: Deposits The following table presents the composition of deposits at September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 Transaction Deposits ​ $ 1,335,275 ​ $ 1,038,193 Savings and Money Market Deposits ​ 791,861 ​ 657,617 Time Deposits ​ 309,824 ​ 353,543 Brokered Deposits ​ 417,197 ​ 452,283 Totals ​ $ 2,854,157 ​ $ 2,501,636 ​ ​ ​ ​ ​

Notes Payable

Notes Payable	9 Months Ended
	Sep. 30, 2021
Notes Payable
Notes Payable	Note 6: Notes Payable On February 25, 2021, the Company’s $11,000 note payable matured and was paid off in full. ​ On March 1, 2021, the Company entered into a Loan and Security Agreement and related revolving note with an unaffiliated financial institution that was secured by 100% of the issued and outstanding stock of the Bank. The revolving line of credit is for a maximum principal amount of $25,000 and matures on February 28, 2023. Interest accrues on unpaid principal balances at a variable interest rate equal to the greater of the Wall Street Journal Prime Rate in effect or a floor rate of 3.85%. The Company is required to pay quarterly payments of interest on the unpaid principal balance. Principal payments may be made any time prior to the maturity date, on which date all unpaid principal and accrued interest are due and payable. The note contains customary representations, warranties, and covenants, including certain financial covenants and capital ratio requirements. As of September 30, 2021, the Company believes it was in compliance with all covenants. As of September 30, 2021, there were no outstanding balances under the revolving line of credit. ​

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2021
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 and interest rate caps, 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 counterparty 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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest Rate Swap Agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 49,252 ​ $ 654 ​ $ 49,696 ​ $ 2,701 Liabilities ​ 49,252 ​ (654) ​ 49,696 ​ (2,701) Total ​ $ 98,504 ​ $ — ​ $ 99,392 ​ $ — ​ 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 $1,455 will be reclassified to interest expense. ​ The following table presents a summary of the Company’s interest rate swaps designated as cash flow hedges as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 December 31, 2020 ​ Notional Amount ​ $ 125,000 ​ $ 111,000 ​ Weighted Average Pay Rate ​ ​ 1.27 % ​ 1.26 % Weighted Average Receive Rate ​ ​ 0.14 % ​ 0.22 % Weighted Average Maturity (Years) ​ ​ 4.02 ​ ​ 3.95 ​ Net Unrealized Loss ​ $ (683) ​ $ (3,410) ​ ​ During 2020 and 2021, the Company purchased interest rate caps, designated as cash flow hedges, of certain deposit liabilities, with notional amounts totaling $95,000. The interest rate caps require receipt of variable amounts from the counterparties when interest rates rise above the strike price in the contracts. An initial premium of $2,689 was paid up front for the caps executed in 2020 and an initial premium of $2,465 was paid up front for caps executed in 2021. Amortization on the interest rate caps was $212 and was recorded as a component of interest expense on brokered deposits for the nine months ended September 30, 2021. At September 30, 2021, the weighted average strike price for outstanding interest rate caps was 0.89% and the weighted average maturity was 8.73 years. ​ The following table presents a summary of the Company’s interest rate contracts as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest Rate Swap Agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 60,000 ​ $ 969 ​ $ 5,000 ​ $ 56 Liabilities ​ ​ 65,000 ​ ​ (1,652) ​ ​ 106,000 ​ ​ (3,466) Interest Rate Cap Agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ 95,000 ​ ​ 6,693 ​ ​ 50,000 ​ ​ 2,834 ​ The Company is party to collateral support agreements with certain derivative counterparties. These agreements require that the Company maintain collateral based on the fair values of derivative transactions. In the event of default by the Company, the counterparty would be entitled to the collateral. As of September 30, 2021 and December 31, 2020, the Company pledged cash collateral for the Company’s derivative contracts of $2,099 and $8,526, respectively. In addition, as of September 30, 2021 and December 31, 2020, the Company's interest rate cap counterparties have pledged cash collateral to the Company of $7,390 and $2,700, respectively. ​ The following table presents the effect of derivative instruments in cash flow hedging relationships on the consolidated statements of income for the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (dollars in thousands) ​ 2021 ​ 2020 ​ 2021 ​ 2020 Derivatives in ​ Location of Loss ​ Loss ​ Loss Cash Flow Hedging ​ Reclassified from ​ Reclassified from ​ Reclassified from Relationships ​ AOCI into Income ​ AOCI into Earnings ​ AOCI into Earnings Interest rate swaps ​ Interest expense ​ $ (290) ​ $ (241) ​ $ (827) ​ $ (313) Interest rate caps ​ Interest expense ​ ​ (116) ​ ​ — ​ ​ (252) ​ ​ — ​ 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, 2021 and 2020, 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, 2021
Subordinated Debentures
Subordinated Debentures	Note 8: Subordinated Debentures On July 8, 2021, 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 $30,000 in aggregate principal amount of 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031 (the “2031 Notes”). The 2031 Notes were issued by the Company to purchasers at a price equal to 100% of their face amount. Issuance costs were $665 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 optional redemption date of July 15, 2026. Total amortization expense for the three and nine months ended September 30, 2021 was $30, with $635 remaining to be amortized as of September 30, 2021. ​ The 2031 Notes mature on July 15, 2031, with a fixed rate of 3.25% payable semi-annually for five years to, but excluding July 15, 2026. Thereafter, the interest rate converts to a variable rate, reset quarterly, equal to the three-month term Secured Overnight Financing Rate, or SOFR, plus 252 basis points quarterly in arrears until either the early redemption date or the maturity date. The Notes are redeemable by the Company, in whole or in part, on or after July 15, 2026, 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 amount of the 2031 Notes being redeemed, including any accrued and unpaid interest thereon. 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 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 and nine months ended September 30, 2021 was $61 and $183, respectively, with $914 remaining to be amortized as of September 30, 2021. On October 13, 2020, the Company completed an offer to exchange up to $50,000 total principal amount of the 2030 Notes for substantially identical subordinated notes registered under the Securities Act of 1933, in satisfaction of the Company’s obligations under a registration rights agreement entered into with the initial purchasers of the 2030 Notes. $47,000 of the $50,000 of the 2030 Notes were exchanged in the exchange offer. 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 SOFR, plus 513 basis points quarterly in arrears until either the early redemption date or the maturity date. The Notes are not convertible into or exchangeable for any other securities or assets of the Company or any of its subsidiaries. The Notes are redeemable by the Company, in whole or in part, on or after July 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 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. The total amortization expense for the three and nine months ended September 30, 2021 was $65 and $116, respectively, with $47 remaining to be amortized as of September 30, 2021. In July of 2021, the Company redeemed $11,250 of the 2027 Notes. The early redemption of the subordinated debentures was recorded as a loss on the extinguishment of subordinated debt, included in noninterest expense, in the amount of $582, consisting of $532 in prepayment penalties and $50 in unamortized issuance costs. 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, 2021
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 a summary of the Company’s investments in qualified affordable housing projects and other tax credit investments at September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 Investment ​ Accounting Method ​ ​ Investment ​ ​ Unfunded Commitment (1) ​ ​ Investment ​ ​ Unfunded Commitment Low Income Housing Tax Credit (LIHTC) ​ Proportional Amortization ​ $ 2,941 ​ $ — ​ $ 1,867 ​ $ — Federal Historic Tax Credit (FHTC) ​ Equity ​ ​ 1,883 ​ ​ 407 ​ ​ 2,198 ​ ​ 1,858 Total ​ ​ ​ $ 4,824 ​ $ 407 ​ $ 4,065 ​ $ 1,858 (1) All commitments are expected to be paid by the Company by September 30, 2022. ​ The following table presents a summary of 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, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ September 30, ​ September 30, ​ 2021 2020 2021 2020 Amortization Expense (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC $ 70 ​ $ 70 ​ $ 210 ​ $ 211 FHTC ​ 152 ​ ​ 146 ​ ​ 410 ​ ​ 592 Total $ 222 ​ $ 216 ​ $ 620 ​ $ 803 Tax Benefit Recognized (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC $ (83) ​ $ (83) ​ $ (248) ​ $ (248) FHTC ​ (156) ​ ​ (220) ​ ​ (469) ​ ​ (837) Total $ (239) ​ $ (303) ​ $ (717) ​ $ (1,085) (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, 2021
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 Unfunded Commitments Under Lines of Credit ​ $ 802,190 ​ $ 644,338 Letters of Credit ​ 113,023 ​ 90,206 Totals ​ $ 915,213 ​ $ 734,544 ​ The Company had outstanding letters of credit with the FHLB in total amounts of $38,109 and $60,091 at September 30, 2021 and December 31, 2020, respectively, on behalf of customers and to secure public deposits. 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	9 Months Ended
	Sep. 30, 2021
Stock Options and Restricted Stock
Stock Options and Restricted Stock	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, and employees 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, 2021 and December 31, 2020, there were 30,000 shares 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, 2021 and December 31, 2020, there were 526,955 and 561,883 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 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 51 banks in the index ranging in market capitalization from $500 million up to $4.0 billion. The weighted average assumptions used in the model of valuing stock option grants for the nine months ended September 30, 2021, are as follows: ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2021 Dividend Yield — % Expected Life 7 Years Expected Volatility 29.93 % Risk-Free Interest Rate 1.14 % ​ The following table presents a summary of the status of the Company’s stock option grants for the nine months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Weighted ​ ​ ​ ​ Average ​ ​ Shares ​ Exercise Price Outstanding at Beginning of Year 1,914,250 ​ $ 7.29 Granted 20,500 ​ 16.88 Exercised (52,400) ​ 4.64 Forfeitures (1,600) ​ 7.47 Outstanding at Period End 1,880,750 ​ $ 7.47 ​ ​ ​ ​ ​ ​ Options Exercisable at Period End 1,193,950 ​ $ 6.21 ​ For the three months ended September 30, 2021 and 2020, the Company recognized compensation expense for stock options of $234 and $205, respectively. For the nine months ended September 30, 2021 and 2020, the Company recognized compensation expense for stock options of $686 and $653, respectively. The following table presents information pertaining to options outstanding at September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ ​ ​ ​ ​ ​ Number of ​ Weighted Average ​ Remaining Contractual ​ Number of ​ Weighted Average Range of Exercise Prices Options Exercise Price ​ Life in Years ​ Options Exercise Price $ 2.13 - 3.99 486,500 ​ $ 2.99 ​ 2.3 486,500 $ 2.99 ​ 7.00 - 7.99 962,200 ​ 7.47 6.0 571,400 ​ 7.47 ​ 8.00 - 8.99 20,000 ​ 8.76 8.5 1,250 ​ 8.76 ​ 10.00 - 10.99 ​ 10,000 ​ ​ 10.08 ​ 8.7 ​ 2,500 ​ ​ 10.08 ​ 11.00 - 11.99 ​ 85,000 ​ ​ 11.27 ​ 7.6 ​ 34,000 ​ ​ 11.27 ​ 12.00 - 12.99 ​ 271,550 ​ ​ 12.90 ​ 7.9 ​ 83,300 ​ ​ 12.90 ​ 13.00 - 13.99 ​ 25,000 ​ ​ 13.22 ​ 6.6 ​ 15,000 ​ ​ 13.22 ​ 16.00 - 16.99 ​ 10,000 ​ ​ 16.23 ​ 9.6 ​ — ​ ​ 16.23 ​ 17.00 - 17.99 ​ 10,500 ​ ​ 17.49 ​ 9.7 ​ — ​ ​ 17.49 ​ Totals 1,880,750 ​ $ 7.47 ​ 5.5 1,193,950 ​ $ 6.21 ​ As of September 30, 2021, there was $1,453 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 1.9 years. The following table presents an analysis of nonvested options to purchase shares of the Company’s stock issued and outstanding for the nine months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Options at December 31, 2020 708,900 ​ $ 3.24 Granted 20,500 ​ ​ 5.66 Vested (41,000) ​ ​ 3.83 Forfeited ​ (1,600) ​ ​ 7.47 Nonvested Options at September 30, 2021 686,800 ​ $ 3.27 ​ Restricted Stock Awards In 2019 and 2020, 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, 2021: ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Awards at December 31, 2020 110,962 ​ $ 12.63 Granted — ​ ​ — Vested (2,784) ​ ​ 10.32 Forfeited ​ — ​ ​ — Nonvested Awards at September 30, 2021 108,178 ​ $ 12.69 ​ 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 months ended September 30, 2021 and 2020, the Company recognized compensation expense for restricted stock awards of $115 and $109, respectively. For the nine months ended September 30, 2021 and 2020, the Company recognized compensation expense for restricted stock awards of $340 and $330, respectively. As of September 30, 2021, there was $1,009 of total unrecognized compensation cost related to nonvested restricted stock awards granted under the 2019 EIP that is expected to be recognized over a weighted-average period of 2.2 years. In addition, during the nine months ended September 30, 2021, the Company issued 14,408 shares of unrestricted 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 $239 was included in stock based compensation expense in the accompanying consolidated statements of shareholders’ equity. Restricted Stock Units In 2020, the Company granted restricted stock units out of the 2019 EIP. Restricted stock units granted out of the 2019 EIP represent the right to receive one share of Company stock upon vesting and vest in equal annual installments on the first four The following table presents an analysis of nonvested restricted stock units outstanding for the nine months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Units ​ Date Fair Value Nonvested Units at December 31, 2020 205,666 ​ $ 12.27 Granted 21,600 ​ ​ 15.70 Vested — ​ ​ — Forfeited ​ (1,080) ​ ​ 12.27 Nonvested Units at September 30, 2021 226,186 ​ $ 12.60 ​ Compensation expense associated with the restricted stock units is recognized on a straight-line basis over the period that the restrictions associated with the units lapse based on the total cost of the unit at the grant date. For the three months ended September 30, 2021 and 2020, the Company recognized compensation expense for restricted stock units of $179 and $109, respectively. For the nine months ended September 30, 2021 and 2020, the Company recognized compensation expense for restricted stock units of $499 and $330, respectively. As of September 30, 2021, there was $2,307 of total unrecognized compensation cost related to nonvested restricted stock units granted under the 2019 EIP that is expected to be recognized over a weighted-average period of 3.2 years. As of September 30, 2021, no restricted stock units had vested. ​

Preferred Stock

Preferred Stock	9 Months Ended
	Sep. 30, 2021
Preferred Stock
Preferred Stock	Note 12: Preferred Stock On August 17, 2021, the Company announced the closing of its underwritten public offering of 2,400,000 depositary shares, each representing a 1/100 th ​

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 30, 2021
Regulatory Capital
Regulatory Capital	Note 13: Regulatory Capital The Company and the Bank are subject to various regulatory requirements administered by federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of their assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The Bank must also meet certain specific capital guidelines under the regulatory framework for prompt corrective action. 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 of common equity Tier 1 capital, Tier 1 capital and total capital to risk-weighted assets and of Tier 1 capital to average consolidated assets (referred to as the “leverage ratio”), as defined under the applicable regulatory capital rules. The following tables present the capital amounts and ratios for the Company and the Bank as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2021 Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ ​ ​ (dollars in thousands) ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 485,377 ​ 15.93 % $ 243,787 ​ 8.00 % $ 319,970 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-Based Capital ​ ​ 355,118 ​ 11.65 ​ ​ 182,840 ​ 6.00 ​ ​ 259,023 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 288,603 ​ 9.47 ​ ​ 137,130 ​ 4.50 ​ ​ 213,313 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 355,118 ​ 10.70 ​ ​ 132,757 ​ 4.00 ​ ​ 132,757 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 399,889 ​ 13.13 % $ 243,656 ​ 8.00 % $ 319,798 ​ 10.50 % $ 304,569 ​ 10.00 % Tier 1 Risk-Based Capital ​ ​ 361,803 ​ 11.88 ​ ​ 182,742 ​ 6.00 ​ ​ 258,884 ​ 8.50 ​ ​ 243,656 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 361,803 ​ 11.88 ​ ​ 137,056 ​ 4.50 ​ ​ 213,199 ​ 7.00 ​ ​ 197,970 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 361,803 ​ 10.96 ​ ​ 132,066 ​ 4.00 ​ ​ 132,066 ​ 4.00 ​ ​ 165,083 ​ 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, 2020 Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ ​ ​ (dollars in thousands) ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 360,198 ​ 14.58 % $ 197,604 ​ 8.00 % $ 259,355 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-Based Capital ​ ​ 255,530 ​ 10.35 ​ ​ 148,203 ​ 6.00 ​ ​ 209,954 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 255,530 ​ 10.35 ​ ​ 111,152 ​ 4.50 ​ ​ 172,904 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 255,530 ​ 9.28 ​ ​ 110,168 ​ 4.00 ​ ​ 110,168 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 330,380 ​ 13.37 % $ 197,629 ​ 8.00 % $ 259,388 ​ 10.50 % $ 247,036 ​ 10.00 % Tier 1 Risk-Based Capital ​ ​ 299,447 ​ 12.12 ​ ​ 148,222 ​ 6.00 ​ ​ 209,981 ​ 8.50 ​ ​ 197,629 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 299,447 ​ 12.12 ​ ​ 111,166 ​ 4.50 ​ ​ 172,925 ​ 7.00 ​ ​ 160,574 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 299,447 ​ 10.89 ​ ​ 109,972 ​ 4.00 ​ ​ 109,972 ​ 4.00 ​ ​ 137,465 ​ 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. ​

Fair Value Measurement

Fair Value Measurement	9 Months Ended
	Sep. 30, 2021
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 1,008 ​ $ — ​ $ — ​ $ 1,008 Municipal Bonds ​ ​ — ​ ​ 136,885 ​ ​ — ​ ​ 136,885 Mortgage-Backed Securities ​ ​ — ​ ​ 126,012 ​ ​ — ​ ​ 126,012 Corporate Securities ​ ​ — ​ ​ 77,246 ​ ​ — ​ ​ 77,246 SBA Securities ​ ​ — ​ ​ 33,108 ​ ​ — ​ ​ 33,108 Asset-Backed Securities ​ ​ — ​ ​ 38,890 ​ ​ — ​ ​ 38,890 Interest Rate Caps ​ ​ — ​ ​ 6,693 ​ ​ — ​ ​ 6,693 Interest Rate Swaps ​ ​ — ​ ​ 1,623 ​ ​ — ​ ​ 1,623 Total Fair Value of Financial Assets ​ $ 1,008 ​ $ 420,457 ​ $ — ​ $ 421,465 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 2,306 ​ $ — ​ $ 2,306 Total Fair Value of Financial Liabilities ​ $ — ​ $ 2,306 ​ $ — ​ $ 2,306 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ — ​ $ 115,012 ​ $ — ​ $ 115,012 Mortgage-Backed Securities ​ ​ — ​ ​ 124,260 ​ ​ — ​ ​ 124,260 Corporate Securities ​ ​ — ​ ​ 72,155 ​ ​ — ​ ​ 72,155 SBA Securities ​ ​ — ​ ​ 40,107 ​ ​ — ​ ​ 40,107 Asset-Backed Securities ​ ​ — ​ ​ 39,095 ​ ​ — ​ ​ 39,095 Interest Rate Caps ​ ​ — ​ ​ 2,834 ​ ​ — ​ ​ 2,834 Interest Rate Swaps ​ ​ — ​ ​ 2,757 ​ ​ — ​ ​ 2,757 Total Fair Value of Financial Assets ​ $ — ​ $ 396,220 ​ $ — ​ $ 396,220 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 6,167 ​ $ — ​ $ 6,167 Total Fair Value of Financial Liabilities ​ $ — ​ $ 6,167 ​ $ — ​ $ 6,167 ​ 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 Caps 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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 887 ​ $ — ​ $ 284 Totals ​ $ — ​ $ 887 ​ $ — ​ $ 284 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 80 ​ $ — ​ $ 50 Totals ​ $ — ​ $ 80 ​ $ — ​ $ 50 ​ 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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 189,502 ​ $ 189,502 ​ $ — ​ $ — ​ $ 189,502 Bank-Owned Certificates of Deposit ​ ​ 1,877 ​ ​ — ​ ​ 1,896 ​ ​ — ​ ​ 1,896 Securities Available for Sale ​ ​ 413,149 ​ ​ 1,008 ​ ​ 412,141 ​ ​ — ​ ​ 413,149 FHLB Stock, at Cost ​ ​ 5,442 ​ ​ — ​ ​ 5,442 ​ ​ — ​ ​ 5,442 Loans, Net ​ ​ 2,662,912 ​ ​ — ​ ​ 2,643,925 ​ ​ — ​ ​ 2,643,925 Accrued Interest Receivable ​ ​ 8,550 ​ ​ — ​ ​ 8,550 ​ ​ — ​ ​ 8,550 Interest Rate Caps ​ ​ 6,693 ​ ​ — ​ ​ 6,693 ​ ​ — ​ ​ 6,693 Interest Rate Swaps ​ ​ 1,623 ​ ​ — ​ ​ 1,623 ​ ​ — ​ ​ 1,623 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,854,157 ​ $ — ​ $ 2,819,393 ​ $ — ​ $ 2,819,393 FHLB Advances ​ ​ 47,500 ​ ​ — ​ ​ 47,941 ​ ​ — ​ ​ 47,941 Subordinated Debentures ​ ​ 92,153 ​ ​ — ​ ​ 98,092 ​ ​ — ​ ​ 98,092 Accrued Interest Payable ​ ​ 1,656 ​ ​ — ​ ​ 1,656 ​ ​ — ​ ​ 1,656 Interest Rate Swaps ​ ​ 2,306 ​ ​ — ​ ​ 2,306 ​ ​ — ​ ​ 2,306 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 160,675 ​ $ 160,675 ​ $ — ​ $ — ​ $ 160,675 Bank-Owned Certificates of Deposit ​ ​ 2,860 ​ ​ — ​ ​ 2,908 ​ ​ — ​ ​ 2,908 Securities Available for Sale ​ ​ 390,629 ​ ​ — ​ ​ 390,629 ​ ​ — ​ ​ 390,629 FHLB Stock, at Cost ​ ​ 5,027 ​ ​ — ​ ​ 5,027 ​ ​ — ​ ​ 5,027 Loans, Net ​ ​ 2,282,436 ​ ​ — ​ ​ 2,309,421 ​ ​ — ​ ​ 2,309,421 Accrued Interest Receivable ​ ​ 9,172 ​ ​ — ​ ​ 9,172 ​ ​ — ​ ​ 9,172 Interest Rate Caps ​ ​ 2,834 ​ ​ — ​ ​ 2,834 ​ ​ — ​ ​ 2,834 Interest Rate Swaps ​ ​ 2,757 ​ ​ — ​ ​ 2,757 ​ ​ — ​ ​ 2,757 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,501,636 ​ $ — ​ $ 2,509,148 ​ $ — ​ $ 2,509,148 Notes Payable ​ ​ 11,000 ​ ​ — ​ ​ 11,001 ​ ​ — ​ ​ 11,001 FHLB Advances ​ ​ 57,500 ​ ​ — ​ ​ 58,830 ​ ​ — ​ ​ 58,830 Subordinated Debentures ​ ​ 73,739 ​ ​ — ​ ​ 74,769 ​ ​ — ​ ​ 74,769 Accrued Interest Payable ​ ​ 1,615 ​ ​ — ​ ​ 1,615 ​ ​ — ​ ​ 1,615 Interest Rate Swaps ​ ​ 6,167 ​ ​ — ​ ​ 6,167 ​ ​ — ​ ​ 6,167 ​ 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, 2021
Subsequent Events
Subsequent Events	Note 15: Subsequent Events On October 26, 2021, the Company’s Board of Directors declared a quarterly cash dividend of $42.43 per share ($0.4243 per depositary share) on the Series A Preferred Stock, payable on December 1, 2021, to shareholders of record on the Series A Preferred Stock at the close of business on November 15, 2021. On November 5, 2021, the Company expects to complete an offer to exchange up to $30,000 total principal amount of the 2031 Notes for substantially identical subordinated notes registered under the Securities Act of 1933, in satisfaction of the Company’s obligations under a registration rights agreement entered into with the initial purchasers of the 2031 Notes. ​

Description of the Business a_2

Description of the Business and Summary of Significant Accounting Policies (Policies )	9 Months Ended
	Sep. 30, 2021
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, 2021 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 11, 2021.
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.
Impact of Recent Accounting Standards	Impact of Recently Adopted Accounting Guidance In December 2019, the FASB issued ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ​ 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
Subsequent Events	Subsequent Events ​ Subsequent events have been evaluated through November 4, 2021, 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, 2021
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, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2021 2020 2021 2020 Net Income Available to Common Shareholders ​ $ 11,509 ​ $ 7,174 ​ $ 33,173 ​ $ 22,215 Weighted Average Common Stock Outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Common Stock Outstanding (Basic) ​ ​ 28,047,280 ​ ​ 28,683,855 ​ ​ 28,035,246 ​ ​ 28,717,142 Dilutive Effect of Stock Compensation ​ ​ 1,063,267 ​ ​ 490,746 ​ ​ 1,042,604 ​ ​ 583,621 Weighted Average Common Stock Outstanding (Dilutive) ​ ​ 29,110,547 ​ ​ 29,174,601 ​ ​ 29,077,850 ​ ​ 29,300,763 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Earnings per Common Share ​ $ 0.41 ​ $ 0.25 ​ $ 1.18 ​ $ 0.77 Diluted Earnings per Common Share ​ ​ 0.40 ​ ​ 0.25 ​ ​ 1.14 ​ ​ 0.76

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2021
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 1,007 ​ $ 1 ​ $ — ​ $ 1,008 Municipal Bonds ​ ​ 129,730 ​ ​ 7,662 ​ ​ (507) ​ ​ 136,885 Mortgage-Backed Securities ​ 126,271 ​ 1,452 ​ (1,711) ​ 126,012 Corporate Securities ​ 74,455 ​ 2,938 ​ (147) ​ 77,246 SBA Securities ​ 33,220 ​ 97 ​ (209) ​ 33,108 Asset-Backed Securities ​ ​ 37,550 ​ ​ 1,390 ​ ​ (50) ​ ​ 38,890 Total Securities Available for Sale ​ $ 402,233 ​ $ 13,540 ​ $ (2,624) ​ $ 413,149 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ ​ Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 105,975 ​ $ 9,373 ​ $ (336) ​ $ 115,012 Mortgage-Backed Securities ​ 123,395 ​ 2,029 ​ (1,164) ​ 124,260 Corporate Securities ​ 71,116 ​ 1,240 ​ (201) ​ 72,155 SBA Securities ​ 40,455 ​ 32 ​ (380) ​ 40,107 Asset-Backed Securities ​ ​ 38,135 ​ ​ 976 ​ ​ (16) ​ ​ 39,095 Total Securities Available for Sale ​ $ 379,076 ​ $ 13,650 ​ $ (2,097) ​ $ 390,629
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 26,462 ​ $ (435) ​ $ 3,764 ​ $ (72) ​ $ 30,226 ​ $ (507) Mortgage-Backed Securities ​ 36,734 ​ ​ (719) ​ ​ 24,669 ​ ​ (992) ​ 61,403 ​ (1,711) Corporate Securities ​ 9,656 ​ ​ (123) ​ ​ 1,476 ​ ​ (24) ​ 11,132 ​ (147) SBA Securities ​ 2,783 ​ ​ (2) ​ ​ 17,689 ​ ​ (207) ​ 20,472 ​ (209) Asset-Backed Securities ​ ​ 1,566 ​ ​ (50) ​ ​ — ​ ​ — ​ ​ 1,566 ​ ​ (50) Total Securities Available for Sale ​ $ 77,201 ​ $ (1,329) ​ $ 47,598 ​ $ (1,295) ​ $ 124,799 ​ $ (2,624) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ 12,023 ​ $ (329) ​ $ 223 ​ $ (7) ​ $ 12,246 ​ $ (336) Mortgage-Backed Securities ​ 45,120 ​ ​ (1,163) ​ ​ 1,699 ​ ​ (1) ​ 46,819 ​ (1,164) Corporate Securities ​ 23,643 ​ ​ (131) ​ ​ 2,430 ​ ​ (70) ​ 26,073 ​ (201) SBA Securities ​ 3,288 ​ ​ (3) ​ ​ 28,193 ​ ​ (377) ​ 31,481 ​ (380) Asset-Backed Securities ​ ​ 2,471 ​ ​ (16) ​ ​ — ​ ​ — ​ ​ 2,471 ​ ​ (16) Total Securities Available for Sale ​ $ 86,545 ​ $ (1,642) ​ $ 32,545 ​ $ (455) ​ $ 119,090 ​ $ (2,097)
Schedule of contractual maturities of debt	The following table 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, 2021. 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, 2021 Amortized Cost Fair Value Due in One Year or Less ​ $ 8,325 ​ $ 8,425 Due After One Year Through Five Years ​ 79,077 ​ 83,142 Due After Five Years Through 10 Years ​ 71,434 ​ 75,398 Due After 10 Years ​ 46,356 ​ 48,174 Subtotal ​ 205,192 ​ 215,139 Mortgage-Backed Securities ​ 126,271 ​ 126,012 SBA Securities ​ 33,220 ​ 33,108 Asset-Backed Securities ​ ​ 37,550 ​ ​ 38,890 Totals ​ $ 402,233 ​ $ 413,149
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, 2021 and September 30, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, ​ 2021 2020 2021 2020 Proceeds From Sales of Securities ​ $ 4,119 ​ $ 4,794 ​ $ 11,877 ​ $ 38,832 Gross Gains on Sales ​ 498 ​ 123 ​ 1,200 ​ 1,561 Gross Losses on Sales ​ (450) ​ (14) ​ (450) ​ (88)

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2021
Loans
Summary of components of loans	The following table presents the components of the loan portfolio at September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 Commercial ​ $ 350,081 ​ $ 304,220 Paycheck Protection Program ​ ​ 54,190 ​ ​ 138,454 Construction and Land Development ​ 257,167 ​ 170,217 Real Estate Mortgage: ​ ​ ​ ​ 1-4 Family Mortgage ​ 290,535 ​ 294,479 Multifamily ​ 865,172 ​ 626,465 CRE Owner Occupied ​ ​ 101,834 ​ ​ 75,604 CRE Non-owner Occupied ​ ​ 786,271 ​ ​ 709,300 Total Real Estate Mortgage Loans ​ ​ 2,043,812 ​ ​ 1,705,848 Consumer and Other ​ ​ 6,762 ​ ​ 7,689 Total Loans, Gross ​ 2,712,012 ​ 2,326,428 Allowance for Loan Losses ​ (38,901) ​ (34,841) Net Deferred Loan Fees ​ (10,199) ​ (9,151) Total Loans, Net ​ $ 2,662,912 ​ $ 2,282,436
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, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 6,525 ​ $ 50 ​ $ 3,427 ​ $ 3,502 ​ $ 11,150 ​ $ 1,244 ​ $ 11,018 ​ $ 220 ​ $ 455 ​ $ 37,591 Provision for Loan Losses ​ 171 ​ ​ (23) ​ ​ 47 ​ ​ 33 ​ ​ 816 ​ ​ 179 ​ ​ 3 ​ ​ (37) ​ ​ 111 ​ 1,300 Loans Charged-off ​ (6) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (14) ​ ​ — ​ (20) Recoveries of Loans ​ 12 ​ ​ — ​ ​ — ​ ​ 18 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 30 Total Ending Allowance Balance ​ $ 6,702 ​ $ 27 ​ $ 3,474 ​ $ 3,553 ​ $ 11,966 ​ $ 1,423 ​ $ 11,021 ​ $ 169 ​ $ 566 ​ $ 38,901 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ ​ The following table presents the activity in the allowance for loan losses, by segment, for the nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 5,703 ​ $ 70 ​ $ 2,491 ​ $ 3,972 ​ $ 9,517 ​ $ 1,162 ​ $ 10,991 ​ $ 203 ​ $ 732 ​ $ 34,841 Provision for Loan Losses ​ 971 ​ ​ (43) ​ ​ 983 ​ ​ (437) ​ ​ 2,449 ​ ​ 229 ​ ​ 30 ​ ​ (16) ​ ​ (166) ​ 4,000 Loans Charged-off ​ (6) ​ ​ — ​ ​ — ​ ​ (5) ​ ​ — ​ ​ — ​ ​ — ​ ​ (26) ​ ​ — ​ (37) Recoveries of Loans ​ 34 ​ ​ — ​ ​ — ​ ​ 23 ​ ​ — ​ ​ 32 ​ ​ — ​ ​ 8 ​ ​ — ​ 97 Total Ending Allowance Balance ​ $ 6,702 ​ $ 27 ​ $ 3,474 ​ $ 3,553 ​ $ 11,966 ​ $ 1,423 ​ $ 11,021 ​ $ 169 ​ $ 566 ​ $ 38,901 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ Allowance for Loan Losses at September 30, 2021 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Unallocated Total Individually Evaluated for Impairment ​ $ 266 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 266 Collectively Evaluated for Impairment ​ ​ 6,436 ​ ​ 27 ​ ​ 3,474 ​ ​ 3,553 ​ ​ 11,966 ​ ​ 1,423 ​ ​ 11,021 ​ ​ 169 ​ ​ 566 ​ 38,635 Totals ​ $ 6,702 ​ $ 27 ​ $ 3,474 ​ $ 3,553 ​ $ 11,966 ​ $ 1,423 ​ $ 11,021 ​ $ 169 ​ $ 566 ​ $ 38,901 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses at December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 37 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 13 ​ $ — ​ $ 50 Collectively Evaluated for Impairment ​ 5,666 ​ ​ 70 ​ ​ 2,491 ​ ​ 3,972 ​ ​ 9,517 ​ ​ 1,162 ​ ​ 10,991 ​ ​ 190 ​ ​ 732 ​ 34,791 Totals ​ $ 5,703 ​ $ 70 ​ $ 2,491 ​ $ 3,972 ​ $ 9,517 ​ $ 1,162 ​ $ 10,991 ​ $ 203 ​ $ 732 ​ $ 34,841 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ Loans at September 30, 2021 Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Total Individually Evaluated for Impairment ​ $ 1,203 ​ $ — ​ $ 134 ​ $ 1,346 ​ $ — ​ $ 841 ​ $ 4,218 ​ $ — ​ $ 7,742 Collectively Evaluated for Impairment ​ 348,878 ​ ​ 54,190 ​ ​ 257,033 ​ ​ 289,189 ​ ​ 865,172 ​ ​ 100,993 ​ ​ 782,053 ​ ​ 6,762 ​ 2,704,270 Totals ​ $ 350,081 ​ $ 54,190 ​ $ 257,167 ​ $ 290,535 ​ $ 865,172 ​ $ 101,834 ​ $ 786,271 ​ $ 6,762 ​ $ 2,712,012 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 239 ​ $ — ​ $ 156 ​ $ 1,498 ​ $ — ​ $ 870 ​ $ 12,388 ​ $ 13 ​ $ 15,164 Collectively Evaluated for Impairment ​ 303,981 ​ ​ 138,454 ​ ​ 170,061 ​ ​ 292,981 ​ ​ 626,465 ​ ​ 74,734 ​ ​ 696,912 ​ ​ 7,676 ​ 2,311,264 Totals ​ $ 304,220 ​ $ 138,454 ​ $ 170,217 ​ $ 294,479 ​ $ 626,465 ​ $ 75,604 ​ $ 709,300 ​ $ 7,689 ​ $ 2,326,428
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related ​ Investment Balance Allowance Investment Balance Allowance Loans With No Related Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 50 ​ $ 50 ​ $ — ​ $ 122 ​ $ 122 ​ $ — Construction and Land Development ​ ​ 134 ​ ​ 741 ​ ​ — ​ ​ 156 ​ ​ 763 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 884 ​ 884 ​ — ​ 884 ​ 884 ​ — 1st REM - Rentals ​ 462 ​ ​ 462 ​ — ​ 614 ​ 614 ​ — CRE Owner Occupied ​ 841 ​ 879 ​ — ​ 870 ​ 870 ​ — CRE Non Owner Occupied ​ ​ 4,218 ​ ​ 4,218 ​ ​ — ​ ​ 12,388 ​ ​ 12,388 ​ ​ — Totals ​ 6,589 ​ 7,234 ​ — ​ 15,034 ​ 15,641 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 1,153 ​ ​ 1,153 ​ ​ 266 ​ 117 ​ 120 ​ 37 Consumer and Other ​ ​ — ​ ​ — ​ ​ — ​ ​ 13 ​ ​ 13 ​ ​ 13 Totals ​ 1,153 ​ 1,153 ​ 266 ​ 130 ​ 133 ​ 50 Grand Totals ​ $ 7,742 ​ $ 8,387 ​ $ 266 ​ $ 15,164 ​ $ 15,774 ​ $ 50 ​ 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, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2021 2020 ​ 2021 2020 ​ ​ 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 ​ $ 50 ​ $ 1 ​ $ 272 ​ $ 4 ​ $ 50 ​ $ 3 ​ $ 277 ​ $ 9 Construction and Land Development ​ ​ 137 ​ ​ — ​ ​ 162 ​ ​ — ​ ​ 144 ​ ​ — ​ ​ 168 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ 884 ​ ​ 12 ​ ​ 865 ​ ​ 11 ​ ​ 884 ​ ​ 34 ​ ​ 804 ​ ​ 31 1st REM - Rentals ​ 465 ​ ​ 6 ​ ​ 748 ​ ​ 8 ​ 470 ​ ​ 18 ​ ​ 753 ​ ​ 21 CRE Owner Occupied ​ 867 ​ ​ 3 ​ ​ 1,594 ​ ​ 21 ​ 868 ​ ​ 9 ​ ​ 1,602 ​ ​ 65 CRE Non Owner Occupied ​ ​ 4,232 ​ ​ 54 ​ ​ 12,115 ​ ​ 172 ​ ​ 4,262 ​ ​ 161 ​ ​ 12,145 ​ ​ 514 Totals ​ 6,635 ​ 76 ​ 15,756 ​ 216 ​ 6,678 ​ 225 ​ 15,749 ​ 640 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 1,154 ​ ​ 14 ​ ​ 121 ​ ​ 1 ​ 1,155 ​ ​ 40 ​ ​ 124 ​ ​ 2 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ — ​ ​ — ​ ​ 144 ​ ​ — ​ ​ — ​ ​ — ​ ​ 144 ​ ​ — Consumer and Other ​ ​ — ​ ​ — ​ ​ 13 ​ ​ — ​ ​ — ​ ​ — ​ ​ 13 ​ ​ 1 Totals ​ 1,154 ​ 14 ​ 278 ​ 1 ​ 1,155 ​ 40 ​ 281 ​ 3 Grand Totals ​ $ 7,789 ​ $ 90 ​ $ 16,034 ​ $ 217 ​ $ 7,833 ​ $ 265 ​ $ 16,030 ​ $ 643
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, 2021 and December 31, 2020, based on the most recent analysis performed by management: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Pass Watch Substandard Total Commercial ​ $ 323,787 ​ $ 25,091 ​ $ 1,203 ​ $ 350,081 Paycheck Protection Program ​ ​ 54,190 ​ ​ — ​ ​ — ​ ​ 54,190 Construction and Land Development ​ 257,033 ​ ​ — ​ ​ 134 ​ 257,167 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 28,787 ​ ​ — ​ ​ 883 ​ 29,670 1st REM - 1-4 Family ​ 46,197 ​ ​ 692 ​ ​ — ​ 46,889 LOCs and 2nd REM - Rentals ​ 20,174 ​ ​ 18 ​ ​ — ​ 20,192 1st REM - Rentals ​ 193,321 ​ ​ — ​ ​ 463 ​ 193,784 Multifamily ​ 865,172 ​ ​ — ​ ​ — ​ 865,172 CRE Owner Occupied ​ 99,396 ​ ​ 1,597 ​ ​ 841 ​ 101,834 CRE Non-owner Occupied ​ ​ 742,074 ​ ​ 39,979 ​ ​ 4,218 ​ ​ 786,271 Consumer and Other ​ 6,762 ​ ​ — ​ ​ — ​ 6,762 Totals ​ $ 2,636,893 ​ $ 67,377 ​ $ 7,742 ​ $ 2,712,012 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Pass Watch Substandard Total Commercial ​ $ 289,465 $ ​ 14,516 $ ​ 239 ​ $ 304,220 Paycheck Protection Program ​ ​ 138,454 ​ ​ — ​ ​ — ​ ​ 138,454 Construction and Land Development ​ 170,061 ​ ​ — ​ ​ 156 ​ 170,217 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 29,396 ​ ​ — ​ ​ 884 ​ 30,280 1st REM - 1-4 Family ​ 41,239 ​ ​ 703 ​ ​ — ​ 41,942 LOCs and 2nd REM - Rentals ​ 20,678 ​ ​ — ​ ​ — ​ 20,678 1st REM - Rentals ​ 200,965 ​ ​ — ​ ​ 614 ​ 201,579 Multifamily ​ 626,465 ​ ​ — ​ ​ — ​ 626,465 CRE Owner Occupied ​ 74,734 ​ ​ — ​ ​ 870 ​ 75,604 CRE Non-owner Occupied ​ ​ 667,336 ​ ​ 29,576 ​ ​ 12,388 ​ ​ 709,300 Consumer and Other ​ 7,676 ​ ​ — ​ ​ 13 ​ 7,689 Totals ​ $ 2,266,469 ​ $ 44,795 ​ $ 15,164 ​ $ 2,326,428
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ September 30, 2021 Current Past Due More Past Due Nonaccrual Total Commercial ​ $ 350,081 ​ $ — ​ $ — ​ $ — ​ $ 350,081 Paycheck Protection Program ​ ​ 54,190 ​ ​ — ​ ​ — ​ ​ ​ ​ ​ 54,190 Construction and Land Development ​ 257,033 ​ ​ — ​ ​ — ​ ​ 134 ​ 257,167 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 29,670 ​ ​ — ​ ​ — ​ ​ — ​ 29,670 1st REM - 1-4 Family ​ 46,871 ​ ​ 18 ​ ​ — ​ ​ — ​ 46,889 LOCs and 2nd REM - Rentals ​ 20,192 ​ ​ — ​ ​ — ​ ​ — ​ 20,192 1st REM - Rentals ​ 193,784 ​ ​ — ​ ​ — ​ ​ — ​ 193,784 Multifamily ​ 865,172 ​ ​ — ​ ​ — ​ ​ — ​ 865,172 CRE Owner Occupied ​ 101,234 ​ ​ — ​ ​ — ​ ​ 600 ​ 101,834 CRE Non-owner Occupied ​ 786,271 ​ ​ — ​ ​ — ​ ​ — ​ 786,271 Consumer and Other ​ 6,762 ​ ​ — ​ ​ — ​ ​ — ​ 6,762 Totals ​ $ 2,711,260 ​ $ 18 ​ $ — ​ $ 734 ​ $ 2,712,012 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ December 31, 2020 Current Past Due More Past Due Nonaccrual Total Commercial ​ $ 304,211 ​ $ 3 ​ $ — ​ $ 6 ​ $ 304,220 Paycheck Protection Program ​ ​ 138,454 ​ ​ — ​ ​ — ​ ​ — ​ ​ 138,454 Construction and Land Development ​ 170,061 ​ ​ — ​ ​ — ​ ​ 156 ​ 170,217 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 30,280 ​ ​ — ​ ​ — ​ ​ — ​ 30,280 1st REM - 1-4 Family ​ 41,942 ​ ​ — ​ ​ — ​ ​ — ​ 41,942 LOCs and 2nd REM - Rentals ​ 20,668 ​ ​ 10 ​ ​ — ​ ​ — ​ 20,678 1st REM - Rentals ​ 201,579 ​ ​ — ​ ​ — ​ ​ — ​ 201,579 Multifamily ​ 626,465 ​ ​ — ​ ​ — ​ ​ — ​ 626,465 CRE Owner Occupied ​ 74,991 ​ ​ — ​ ​ — ​ ​ 613 ​ 75,604 CRE Non-owner Occupied ​ 709,300 ​ ​ — ​ ​ — ​ ​ — ​ 709,300 Consumer and Other ​ 7,689 ​ ​ — ​ ​ — ​ ​ — ​ 7,689 Totals ​ $ 2,325,640 ​ $ 13 ​ $ — ​ $ 775 ​ $ 2,326,428
Summary of closed loan modifications	The following table presents a summary of active loan modifications made in response to the COVID-19 pandemic, by loan segment and modification type, as of September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-Only ​ Extended Amortization ​ Total (dollars in thousands) Amount # of Loans Amount # of Loans Amount # of Loans Commercial ​ $ 320 ​ 2 ​ $ 4,764 ​ 1 ​ $ 5,084 ​ 3 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRE Owner Occupied ​ ​ 638 ​ 3 ​ ​ — ​ — ​ ​ 638 ​ 3 CRE Nonowner Occupied ​ ​ 29,639 ​ 7 ​ ​ — ​ — ​ ​ 29,639 ​ 7 Totals ​ $ 30,597 ​ 12 ​ $ 4,764 ​ 1 ​ $ 35,361 ​ 13

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2021
Deposits.
Schedule of composition of deposits	The following table presents the composition of deposits at September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 Transaction Deposits ​ $ 1,335,275 ​ $ 1,038,193 Savings and Money Market Deposits ​ 791,861 ​ 657,617 Time Deposits ​ 309,824 ​ 353,543 Brokered Deposits ​ 417,197 ​ 452,283 Totals ​ $ 2,854,157 ​ $ 2,501,636

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2021
Derivative Instruments and Hedging Activities
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest Rate Swap Agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 49,252 ​ $ 654 ​ $ 49,696 ​ $ 2,701 Liabilities ​ 49,252 ​ (654) ​ 49,696 ​ (2,701) Total ​ $ 98,504 ​ $ — ​ $ 99,392 ​ $ —
Derivative Instruments and Hedging Activities	The following table presents a summary of the Company’s interest rate swaps designated as cash flow hedges as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 December 31, 2020 ​ Notional Amount ​ $ 125,000 ​ $ 111,000 ​ Weighted Average Pay Rate ​ ​ 1.27 % ​ 1.26 % Weighted Average Receive Rate ​ ​ 0.14 % ​ 0.22 % Weighted Average Maturity (Years) ​ ​ 4.02 ​ ​ 3.95 ​ Net Unrealized Loss ​ $ (683) ​ $ (3,410) ​
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 three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (dollars in thousands) ​ 2021 ​ 2020 ​ 2021 ​ 2020 Derivatives in ​ Location of Loss ​ Loss ​ Loss Cash Flow Hedging ​ Reclassified from ​ Reclassified from ​ Reclassified from Relationships ​ AOCI into Income ​ AOCI into Earnings ​ AOCI into Earnings Interest rate swaps ​ Interest expense ​ $ (290) ​ $ (241) ​ $ (827) ​ $ (313) Interest rate caps ​ Interest expense ​ ​ (116) ​ ​ — ​ ​ (252) ​ ​ —
Cash flow hedge
Derivative Instruments and Hedging Activities
Summary of interest rate swaps	The following table presents a summary of the Company’s interest rate contracts as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated ​ ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest Rate Swap Agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 60,000 ​ $ 969 ​ $ 5,000 ​ $ 56 Liabilities ​ ​ 65,000 ​ ​ (1,652) ​ ​ 106,000 ​ ​ (3,466) Interest Rate Cap Agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ 95,000 ​ ​ 6,693 ​ ​ 50,000 ​ ​ 2,834

Tax Credit Investments (Tables)

Tax Credit Investments (Tables)	9 Months Ended
	Sep. 30, 2021
Tax Credit Investments
Summary of investments in qualified affordable housing projects and other tax credit investments	The following table presents a summary of the Company’s investments in qualified affordable housing projects and other tax credit investments at September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ December 31, 2020 Investment ​ Accounting Method ​ ​ Investment ​ ​ Unfunded Commitment (1) ​ ​ Investment ​ ​ Unfunded Commitment Low Income Housing Tax Credit (LIHTC) ​ Proportional Amortization ​ $ 2,941 ​ $ — ​ $ 1,867 ​ $ — Federal Historic Tax Credit (FHTC) ​ Equity ​ ​ 1,883 ​ ​ 407 ​ ​ 2,198 ​ ​ 1,858 Total ​ ​ ​ $ 4,824 ​ $ 407 ​ $ 4,065 ​ $ 1,858 (1) All commitments are expected to be paid by the Company by September 30, 2022.
Schedule of amortization expense and tax benefit for qualified affordable housing projects and other tax credit investments	The following table presents a summary of 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, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ September 30, ​ September 30, ​ 2021 2020 2021 2020 Amortization Expense (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC $ 70 ​ $ 70 ​ $ 210 ​ $ 211 FHTC ​ 152 ​ ​ 146 ​ ​ 410 ​ ​ 592 Total $ 222 ​ $ 216 ​ $ 620 ​ $ 803 Tax Benefit Recognized (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC $ (83) ​ $ (83) ​ $ (248) ​ $ (248) FHTC ​ (156) ​ ​ (220) ​ ​ (469) ​ ​ (837) Total $ (239) ​ $ (303) ​ $ (717) ​ $ (1,085) (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, 2021
Commitments, Contingencies and Credit Risk
Schedule of commitments outstanding	The following commitments were outstanding at September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 Unfunded Commitments Under Lines of Credit ​ $ 802,190 ​ $ 644,338 Letters of Credit ​ 113,023 ​ 90,206 Totals ​ $ 915,213 ​ $ 734,544

Stock Options and Restricted _2

Stock Options and Restricted Stock (Tables)	9 Months Ended
	Sep. 30, 2021
Stock Options and Restricted Stock
Summary of valuation assumptions used to determine the fair value of option award	The weighted average assumptions used in the model of valuing stock option grants for the nine months ended September 30, 2021, are as follows: ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2021 Dividend Yield — % Expected Life 7 Years Expected Volatility 29.93 % Risk-Free Interest Rate 1.14 %
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, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Weighted ​ ​ ​ ​ Average ​ ​ Shares ​ Exercise Price Outstanding at Beginning of Year 1,914,250 ​ $ 7.29 Granted 20,500 ​ 16.88 Exercised (52,400) ​ 4.64 Forfeitures (1,600) ​ 7.47 Outstanding at Period End 1,880,750 ​ $ 7.47 ​ ​ ​ ​ ​ ​ Options Exercisable at Period End 1,193,950 ​ $ 6.21
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, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Outstanding ​ Options Exercisable ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average ​ ​ ​ ​ ​ ​ ​ Number of ​ Weighted Average ​ Remaining Contractual ​ Number of ​ Weighted Average Range of Exercise Prices Options Exercise Price ​ Life in Years ​ Options Exercise Price $ 2.13 - 3.99 486,500 ​ $ 2.99 ​ 2.3 486,500 $ 2.99 ​ 7.00 - 7.99 962,200 ​ 7.47 6.0 571,400 ​ 7.47 ​ 8.00 - 8.99 20,000 ​ 8.76 8.5 1,250 ​ 8.76 ​ 10.00 - 10.99 ​ 10,000 ​ ​ 10.08 ​ 8.7 ​ 2,500 ​ ​ 10.08 ​ 11.00 - 11.99 ​ 85,000 ​ ​ 11.27 ​ 7.6 ​ 34,000 ​ ​ 11.27 ​ 12.00 - 12.99 ​ 271,550 ​ ​ 12.90 ​ 7.9 ​ 83,300 ​ ​ 12.90 ​ 13.00 - 13.99 ​ 25,000 ​ ​ 13.22 ​ 6.6 ​ 15,000 ​ ​ 13.22 ​ 16.00 - 16.99 ​ 10,000 ​ ​ 16.23 ​ 9.6 ​ — ​ ​ 16.23 ​ 17.00 - 17.99 ​ 10,500 ​ ​ 17.49 ​ 9.7 ​ — ​ ​ 17.49 ​ Totals 1,880,750 ​ $ 7.47 ​ 5.5 1,193,950 ​ $ 6.21
Summary of analysis of nonvested options to purchase shares of the Company's stock issued and outstanding	The following table presents an analysis of nonvested options to purchase shares of the Company’s stock issued and outstanding for the nine months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Options at December 31, 2020 708,900 ​ $ 3.24 Granted 20,500 ​ ​ 5.66 Vested (41,000) ​ ​ 3.83 Forfeited ​ (1,600) ​ ​ 7.47 Nonvested Options at September 30, 2021 686,800 ​ $ 3.27
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, 2021: ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Awards at December 31, 2020 110,962 ​ $ 12.63 Granted — ​ ​ — Vested (2,784) ​ ​ 10.32 Forfeited ​ — ​ ​ — Nonvested Awards at September 30, 2021 108,178 ​ $ 12.69
Summary of the status of the Company's outstanding restricted stock units	The following table presents an analysis of nonvested restricted stock units outstanding for the nine months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Units ​ Date Fair Value Nonvested Units at December 31, 2020 205,666 ​ $ 12.27 Granted 21,600 ​ ​ 15.70 Vested — ​ ​ — Forfeited ​ (1,080) ​ ​ 12.27 Nonvested Units at September 30, 2021 226,186 ​ $ 12.60

Regulatory Capital (Tables)

Regulatory Capital (Tables)	9 Months Ended
	Sep. 30, 2021
Regulatory Capital
Summary of company and the Bank's capital amounts and ratios	The following tables present the capital amounts and ratios for the Company and the Bank as of September 30, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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, 2021 Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ ​ ​ (dollars in thousands) ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 485,377 ​ 15.93 % $ 243,787 ​ 8.00 % $ 319,970 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-Based Capital ​ ​ 355,118 ​ 11.65 ​ ​ 182,840 ​ 6.00 ​ ​ 259,023 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 288,603 ​ 9.47 ​ ​ 137,130 ​ 4.50 ​ ​ 213,313 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 355,118 ​ 10.70 ​ ​ 132,757 ​ 4.00 ​ ​ 132,757 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 399,889 ​ 13.13 % $ 243,656 ​ 8.00 % $ 319,798 ​ 10.50 % $ 304,569 ​ 10.00 % Tier 1 Risk-Based Capital ​ ​ 361,803 ​ 11.88 ​ ​ 182,742 ​ 6.00 ​ ​ 258,884 ​ 8.50 ​ ​ 243,656 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 361,803 ​ 11.88 ​ ​ 137,056 ​ 4.50 ​ ​ 213,199 ​ 7.00 ​ ​ 197,970 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 361,803 ​ 10.96 ​ ​ 132,066 ​ 4.00 ​ ​ 132,066 ​ 4.00 ​ ​ 165,083 ​ 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, 2020 Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ ​ ​ (dollars in thousands) ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 360,198 ​ 14.58 % $ 197,604 ​ 8.00 % $ 259,355 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-Based Capital ​ ​ 255,530 ​ 10.35 ​ ​ 148,203 ​ 6.00 ​ ​ 209,954 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 255,530 ​ 10.35 ​ ​ 111,152 ​ 4.50 ​ ​ 172,904 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 255,530 ​ 9.28 ​ ​ 110,168 ​ 4.00 ​ ​ 110,168 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-Based Capital ​ $ 330,380 ​ 13.37 % $ 197,629 ​ 8.00 % $ 259,388 ​ 10.50 % $ 247,036 ​ 10.00 % Tier 1 Risk-Based Capital ​ ​ 299,447 ​ 12.12 ​ ​ 148,222 ​ 6.00 ​ ​ 209,981 ​ 8.50 ​ ​ 197,629 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 299,447 ​ 12.12 ​ ​ 111,166 ​ 4.50 ​ ​ 172,925 ​ 7.00 ​ ​ 160,574 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 299,447 ​ 10.89 ​ ​ 109,972 ​ 4.00 ​ ​ 109,972 ​ 4.00 ​ ​ 137,465 ​ 5.00 ​

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2021
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 1,008 ​ $ — ​ $ — ​ $ 1,008 Municipal Bonds ​ ​ — ​ ​ 136,885 ​ ​ — ​ ​ 136,885 Mortgage-Backed Securities ​ ​ — ​ ​ 126,012 ​ ​ — ​ ​ 126,012 Corporate Securities ​ ​ — ​ ​ 77,246 ​ ​ — ​ ​ 77,246 SBA Securities ​ ​ — ​ ​ 33,108 ​ ​ — ​ ​ 33,108 Asset-Backed Securities ​ ​ — ​ ​ 38,890 ​ ​ — ​ ​ 38,890 Interest Rate Caps ​ ​ — ​ ​ 6,693 ​ ​ — ​ ​ 6,693 Interest Rate Swaps ​ ​ — ​ ​ 1,623 ​ ​ — ​ ​ 1,623 Total Fair Value of Financial Assets ​ $ 1,008 ​ $ 420,457 ​ $ — ​ $ 421,465 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 2,306 ​ $ — ​ $ 2,306 Total Fair Value of Financial Liabilities ​ $ — ​ $ 2,306 ​ $ — ​ $ 2,306 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Municipal Bonds ​ $ — ​ $ 115,012 ​ $ — ​ $ 115,012 Mortgage-Backed Securities ​ ​ — ​ ​ 124,260 ​ ​ — ​ ​ 124,260 Corporate Securities ​ ​ — ​ ​ 72,155 ​ ​ — ​ ​ 72,155 SBA Securities ​ ​ — ​ ​ 40,107 ​ ​ — ​ ​ 40,107 Asset-Backed Securities ​ ​ — ​ ​ 39,095 ​ ​ — ​ ​ 39,095 Interest Rate Caps ​ ​ — ​ ​ 2,834 ​ ​ — ​ ​ 2,834 Interest Rate Swaps ​ ​ — ​ ​ 2,757 ​ ​ — ​ ​ 2,757 Total Fair Value of Financial Assets ​ $ — ​ $ 396,220 ​ $ — ​ $ 396,220 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 6,167 ​ $ — ​ $ 6,167 Total Fair Value of Financial Liabilities ​ $ — ​ $ 6,167 ​ $ — ​ $ 6,167
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 887 ​ $ — ​ $ 284 Totals ​ $ — ​ $ 887 ​ $ — ​ $ 284 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 80 ​ $ — ​ $ 50 Totals ​ $ — ​ $ 80 ​ $ — ​ $ 50
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, 2021 and December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 189,502 ​ $ 189,502 ​ $ — ​ $ — ​ $ 189,502 Bank-Owned Certificates of Deposit ​ ​ 1,877 ​ ​ — ​ ​ 1,896 ​ ​ — ​ ​ 1,896 Securities Available for Sale ​ ​ 413,149 ​ ​ 1,008 ​ ​ 412,141 ​ ​ — ​ ​ 413,149 FHLB Stock, at Cost ​ ​ 5,442 ​ ​ — ​ ​ 5,442 ​ ​ — ​ ​ 5,442 Loans, Net ​ ​ 2,662,912 ​ ​ — ​ ​ 2,643,925 ​ ​ — ​ ​ 2,643,925 Accrued Interest Receivable ​ ​ 8,550 ​ ​ — ​ ​ 8,550 ​ ​ — ​ ​ 8,550 Interest Rate Caps ​ ​ 6,693 ​ ​ — ​ ​ 6,693 ​ ​ — ​ ​ 6,693 Interest Rate Swaps ​ ​ 1,623 ​ ​ — ​ ​ 1,623 ​ ​ — ​ ​ 1,623 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,854,157 ​ $ — ​ $ 2,819,393 ​ $ — ​ $ 2,819,393 FHLB Advances ​ ​ 47,500 ​ ​ — ​ ​ 47,941 ​ ​ — ​ ​ 47,941 Subordinated Debentures ​ ​ 92,153 ​ ​ — ​ ​ 98,092 ​ ​ — ​ ​ 98,092 Accrued Interest Payable ​ ​ 1,656 ​ ​ — ​ ​ 1,656 ​ ​ — ​ ​ 1,656 Interest Rate Swaps ​ ​ 2,306 ​ ​ — ​ ​ 2,306 ​ ​ — ​ ​ 2,306 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 160,675 ​ $ 160,675 ​ $ — ​ $ — ​ $ 160,675 Bank-Owned Certificates of Deposit ​ ​ 2,860 ​ ​ — ​ ​ 2,908 ​ ​ — ​ ​ 2,908 Securities Available for Sale ​ ​ 390,629 ​ ​ — ​ ​ 390,629 ​ ​ — ​ ​ 390,629 FHLB Stock, at Cost ​ ​ 5,027 ​ ​ — ​ ​ 5,027 ​ ​ — ​ ​ 5,027 Loans, Net ​ ​ 2,282,436 ​ ​ — ​ ​ 2,309,421 ​ ​ — ​ ​ 2,309,421 Accrued Interest Receivable ​ ​ 9,172 ​ ​ — ​ ​ 9,172 ​ ​ — ​ ​ 9,172 Interest Rate Caps ​ ​ 2,834 ​ ​ — ​ ​ 2,834 ​ ​ — ​ ​ 2,834 Interest Rate Swaps ​ ​ 2,757 ​ ​ — ​ ​ 2,757 ​ ​ — ​ ​ 2,757 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,501,636 ​ $ — ​ $ 2,509,148 ​ $ — ​ $ 2,509,148 Notes Payable ​ ​ 11,000 ​ ​ — ​ ​ 11,001 ​ ​ — ​ ​ 11,001 FHLB Advances ​ ​ 57,500 ​ ​ — ​ ​ 58,830 ​ ​ — ​ ​ 58,830 Subordinated Debentures ​ ​ 73,739 ​ ​ — ​ ​ 74,769 ​ ​ — ​ ​ 74,769 Accrued Interest Payable ​ ​ 1,615 ​ ​ — ​ ​ 1,615 ​ ​ — ​ ​ 1,615 Interest Rate Swaps ​ ​ 6,167 ​ ​ — ​ ​ 6,167 ​ ​ — ​ ​ 6,167

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Earnings Per Share
Anti dilutive securities excluded from the calculation of EPS	55,000	557,000	55,000	557,000
Net Income Available to Common Shareholders	$ 11,509	$ 7,174	$ 33,173	$ 22,215
Weighted Average Common Stock Outstanding:
Weighted Average Common Stock Outstanding (Basic)	28,047,280	28,683,855	28,035,246	28,717,142
Dilutive Effect of Stock Compensation	1,063,267	490,746	1,042,604	583,621
Weighted Average Common Stock Outstanding (Dilutive)	29,110,547	29,174,601	29,077,850	29,300,763
Basic Earnings per Common Share (in dollars per share)	$ 0.41	$ 0.25	$ 1.18	$ 0.77
Diluted Earnings per Common Share (in dollars per share)	$ 0.40	$ 0.25	$ 1.14	$ 0.76

Securities - Securities Availab

Securities - Securities Available for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	$ 402,233	$ 379,076
Gross Unrealized Gains	13,540	13,650
Gross Unrealized Losses	(2,624)	(2,097)
Fair Value	413,149	390,629
U.S. Treasury Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	1,007
Gross Unrealized Gains	1
Fair Value	1,008
Municipal Bonds
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	129,730	105,975
Gross Unrealized Gains	7,662	9,373
Gross Unrealized Losses	(507)	(336)
Fair Value	136,885	115,012
Mortgage-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	126,271	123,395
Gross Unrealized Gains	1,452	2,029
Gross Unrealized Losses	(1,711)	(1,164)
Fair Value	126,012	124,260
Corporate Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	74,455	71,116
Gross Unrealized Gains	2,938	1,240
Gross Unrealized Losses	(147)	(201)
Fair Value	77,246	72,155
SBA Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	33,220	40,455
Gross Unrealized Gains	97	32
Gross Unrealized Losses	(209)	(380)
Fair Value	33,108	40,107
Asset-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	37,550	38,135
Gross Unrealized Gains	1,390	976
Gross Unrealized Losses	(50)	(16)
Fair Value	$ 38,890	$ 39,095

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2021USD ($)security	Dec. 31, 2020USD ($)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	$ 77,201	$ 86,545
Less Than 12 Months, Unrealized Losses	(1,329)	(1,642)
12 Months or Greater, Fair Value	47,598	32,545
12 Months or Greater, Unrealized Losses	(1,295)	(455)
Fair Value	124,799	119,090
Unrealized Losses	$ (2,624)	$ (2,097)
Number of debt securities with unrealized losses | security	154	150
Percentage of aggregate depreciation from amortized cost basis	2.10%	1.70%
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	$ 26,462	$ 12,023
Less Than 12 Months, Unrealized Losses	(435)	(329)
12 Months or Greater, Fair Value	3,764	223
12 Months or Greater, Unrealized Losses	(72)	(7)
Fair Value	30,226	12,246
Unrealized Losses	(507)	(336)
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	36,734	45,120
Less Than 12 Months, Unrealized Losses	(719)	(1,163)
12 Months or Greater, Fair Value	24,669	1,699
12 Months or Greater, Unrealized Losses	(992)	(1)
Fair Value	61,403	46,819
Unrealized Losses	(1,711)	(1,164)
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	9,656	23,643
Less Than 12 Months, Unrealized Losses	(123)	(131)
12 Months or Greater, Fair Value	1,476	2,430
12 Months or Greater, Unrealized Losses	(24)	(70)
Fair Value	11,132	26,073
Unrealized Losses	(147)	(201)
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	2,783	3,288
Less Than 12 Months, Unrealized Losses	(2)	(3)
12 Months or Greater, Fair Value	17,689	28,193
12 Months or Greater, Unrealized Losses	(207)	(377)
Fair Value	20,472	31,481
Unrealized Losses	(209)	(380)
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	1,566	2,471
Less Than 12 Months, Unrealized Losses	(50)	(16)
Fair Value	1,566	2,471
Unrealized Losses	$ (50)	$ (16)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Contractual maturities, amortized cost
Due in One Year or Less	$ 8,325
Due After One Year Through Five Years	79,077
Due After Five Years Through 10 Years	71,434
Due After 10 Years	46,356
Subtotal	205,192
Totals	402,233	$ 379,076
Contractual maturities, fair value
Due in One Year or Less	8,425
Due After One Year Through Five Years	83,142
Due After Five Years Through 10 Years	75,398
Due After 10 Years	48,174
Subtotal	215,139
Totals	413,149	390,629
Mortgage-Backed Securities
Contractual maturities, amortized cost
Totals	126,271	123,395
Contractual maturities, fair value
Totals	126,012	124,260
SBA Securities
Contractual maturities, amortized cost
Totals	33,220	40,455
Contractual maturities, fair value
Totals	33,108	40,107
Asset-Backed Securities
Contractual maturities, amortized cost
Totals	37,550	38,135
Contractual maturities, fair value
Totals	$ 38,890	$ 39,095

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Summary of the proceeds from sales of securities available for sale, as well as gross gains and losses
Proceeds From Sales of Securities	$ 4,119	$ 4,794	$ 11,877	$ 38,832
Gross Gains on Sales	498	123	1,200	1,561
Gross Losses on Sales	$ (450)	$ (14)	$ (450)	$ (88)

Loans - Components of loans (De

Loans - Components of loans (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Jun. 30, 2020	Dec. 31, 2019
Components of loans
Total Loans, Gross	$ 2,712,012		$ 2,326,428
Allowance for Loan Losses	(38,901)	$ (37,591)	(34,841)	$ (31,381)	$ (27,633)	$ (22,526)
Net Deferred Loan Fees	(10,199)		(9,151)
Total Loans, Net	2,662,912		2,282,436
Commercial
Components of loans
Total Loans, Gross	350,081		304,220
Allowance for Loan Losses	(6,702)	(6,525)	(5,703)	(5,303)	(5,192)	(3,058)
Paycheck Protection Program (PPP), CARES Act
Components of loans
Total Loans, Gross	54,190		138,454
Allowance for Loan Losses	(27)	(50)	(70)	(91)	(90)
Construction and Land Development
Components of loans
Total Loans, Gross	257,167		170,217
Allowance for Loan Losses	(3,474)	(3,427)	(2,491)	(2,236)	(2,173)	(2,202)
Real Estate Mortgage
Components of loans
Total Loans, Gross	2,043,812		1,705,848
1-4 Family Mortgage
Components of loans
Total Loans, Gross	290,535		294,479
Allowance for Loan Losses	(3,553)	(3,502)	(3,972)	(3,709)	(3,322)	(2,839)
Multifamily
Components of loans
Total Loans, Gross	865,172		626,465
Allowance for Loan Losses	(11,966)	(11,150)	(9,517)	(8,319)	(6,697)	(5,824)
CRE Owner Occupied
Components of loans
Total Loans, Gross	101,834		75,604
Allowance for Loan Losses	(1,423)	(1,244)	(1,162)	(1,104)	(964)	(792)
CRE Non-owner Occupied
Components of loans
Total Loans, Gross	786,271		709,300
Allowance for Loan Losses	(11,021)	(11,018)	(10,991)	(9,500)	(8,323)	(6,972)
Consumer and other
Components of loans
Total Loans, Gross	6,762		7,689
Allowance for Loan Losses	$ (169)	$ (220)	$ (203)	$ (176)	$ (174)	$ (85)

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Allowance for Loan Losses:
Beginning Balance	$ 37,591	$ 27,633	$ 34,841	$ 22,526	$ 22,526
Provision for Loan Losses	1,300	3,750	4,000	8,850
Loans Charged-off	(20)	(6)	(37)	(54)
Recoveries of Loans	30	4	97	59
Total Ending Allowance Balance	38,901	31,381	38,901	31,381	34,841
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment	266		266		50
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	38,635		38,635		34,791
Loans and Leases Receivable, Allowance, Total	38,901	31,381	38,901	31,381	34,841
Loans, Individually Evaluated for Impairment	7,742		7,742		15,164
Loans, Collectively Evaluated for Impairment	2,704,270		2,704,270		2,311,264
Totals	2,712,012		2,712,012		2,326,428
Commercial
Allowance for Loan Losses:
Beginning Balance	6,525	5,192	5,703	3,058	3,058
Provision for Loan Losses	171	115	971	2,279
Loans Charged-off	(6)	(5)	(6)	(39)
Recoveries of Loans	12	1	34	5
Total Ending Allowance Balance	6,702	5,303	6,702	5,303	5,703
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment	266		266		37
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	6,436		6,436		5,666
Loans and Leases Receivable, Allowance, Total	6,702	5,303	6,702	5,303	5,703
Loans, Individually Evaluated for Impairment	1,203		1,203		239
Loans, Collectively Evaluated for Impairment	348,878		348,878		303,981
Totals	350,081		350,081		304,220
Paycheck Protection Program (PPP), CARES Act
Allowance for Loan Losses:
Beginning Balance	50	90	70
Provision for Loan Losses	(23)	1	(43)	91
Total Ending Allowance Balance	27	91	27	91	70
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	27		27		70
Loans and Leases Receivable, Allowance, Total	27	91	27	91	70
Loans, Collectively Evaluated for Impairment	54,190		54,190		138,454
Totals	54,190		54,190		138,454
Construction and Land Development
Allowance for Loan Losses:
Beginning Balance	3,427	2,173	2,491	2,202	2,202
Provision for Loan Losses	47	63	983	34
Total Ending Allowance Balance	3,474	2,236	3,474	2,236	2,491
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	3,474		3,474		2,491
Loans and Leases Receivable, Allowance, Total	3,474	2,236	3,474	2,236	2,491
Loans, Individually Evaluated for Impairment	134		134		156
Loans, Collectively Evaluated for Impairment	257,033		257,033		170,061
Totals	257,167		257,167		170,217
1-4 Family Mortgage
Allowance for Loan Losses:
Beginning Balance	3,502	3,322	3,972	2,839	2,839
Provision for Loan Losses	33	384	(437)	819
Loans Charged-off			(5)
Recoveries of Loans	18	3	23	51
Total Ending Allowance Balance	3,553	3,709	3,553	3,709	3,972
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	3,553		3,553		3,972
Loans and Leases Receivable, Allowance, Total	3,553	3,709	3,553	3,709	3,972
Loans, Individually Evaluated for Impairment	1,346		1,346		1,498
Loans, Collectively Evaluated for Impairment	289,189		289,189		292,981
Totals	290,535		290,535		294,479
Multifamily
Allowance for Loan Losses:
Beginning Balance	11,150	6,697	9,517	5,824	5,824
Provision for Loan Losses	816	1,622	2,449	2,495
Total Ending Allowance Balance	11,966	8,319	11,966	8,319	9,517
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	11,966		11,966		9,517
Loans and Leases Receivable, Allowance, Total	11,966	8,319	11,966	8,319	9,517
Loans, Collectively Evaluated for Impairment	865,172		865,172		626,465
Totals	865,172		865,172		626,465
CRE Owner Occupied
Allowance for Loan Losses:
Beginning Balance	1,244	964	1,162	792	792
Provision for Loan Losses	179	140	229	312
Recoveries of Loans			32
Total Ending Allowance Balance	1,423	1,104	1,423	1,104	1,162
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	1,423		1,423		1,162
Loans and Leases Receivable, Allowance, Total	1,423	1,104	1,423	1,104	1,162
Loans, Individually Evaluated for Impairment	841		841		870
Loans, Collectively Evaluated for Impairment	100,993		100,993		74,734
Totals	101,834		101,834		75,604
CRE Non-owner Occupied
Allowance for Loan Losses:
Beginning Balance	11,018	8,323	10,991	6,972	6,972
Provision for Loan Losses	3	1,177	30	2,528
Total Ending Allowance Balance	11,021	9,500	11,021	9,500	10,991
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	11,021		11,021		10,991
Loans and Leases Receivable, Allowance, Total	11,021	9,500	11,021	9,500	10,991
Loans, Individually Evaluated for Impairment	4,218		4,218		12,388
Loans, Collectively Evaluated for Impairment	782,053		782,053		696,912
Totals	786,271		786,271		709,300
Consumer and other
Allowance for Loan Losses:
Beginning Balance	220	174	203	85	85
Provision for Loan Losses	(37)	3	(16)	103
Loans Charged-off	(14)	(1)	(26)	(15)
Recoveries of Loans			8	3
Total Ending Allowance Balance	169	176	169	176	203
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment					13
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	169		169		190
Loans and Leases Receivable, Allowance, Total	169	176	169	176	203
Loans, Individually Evaluated for Impairment					13
Loans, Collectively Evaluated for Impairment	6,762		6,762		7,676
Totals	6,762		6,762		7,689
Unallocated
Allowance for Loan Losses:
Beginning Balance	455	698	732	754	754
Provision for Loan Losses	111	245	(166)	189
Total Ending Allowance Balance	566	943	566	943	732
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	566		566		732
Loans and Leases Receivable, Allowance, Total	$ 566	$ 943	$ 566	$ 943	$ 732

Loans - Impaired loans by loan

Loans - Impaired loans by loan segment (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	$ 6,589	$ 15,034
Loans With No Related Allowance for Loan Losses, Principal Balance	7,234	15,641
Loans With An Allowance for Loan Losses, Recorded Investment	1,153	130
Loans With An Allowance for Loan Losses, Principal Balance	1,153	133
Total Recorded Investment	7,742	15,164
Total Principal Balance	8,387	15,774
Related Allowance	266	50
Commercial
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	50	122
Loans With No Related Allowance for Loan Losses, Principal Balance	50	122
Loans With An Allowance for Loan Losses, Recorded Investment	1,153	117
Loans With An Allowance for Loan Losses, Principal Balance	1,153	120
Related Allowance	266	37
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	134	156
Loans With No Related Allowance for Loan Losses, Principal Balance	741	763
HELOC and 1-4 Family Junior Mortgage
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	884	884
Loans With No Related Allowance for Loan Losses, Principal Balance	884	884
1st REM - Rentals
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	462	614
Loans With No Related Allowance for Loan Losses, Principal Balance	462	614
Consumer and other
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Recorded Investment		13
Loans With An Allowance for Loan Losses, Principal Balance		13
Related Allowance		13
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	841	870
Loans With No Related Allowance for Loan Losses, Principal Balance	879	870
CRE Non-owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	4,218	12,388
Loans With No Related Allowance for Loan Losses, Principal Balance	$ 4,218	$ 12,388

Loans - Average balances and in

Loans - Average balances and interest income recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	$ 6,635	$ 15,756	$ 6,678	$ 15,749
Loans With No Related Allowance for Loan Losses, Interest Recognized	76	216	225	640
Loans With An Allowance for Loan Losses, Average Investment	1,154	278	1,155	281
Loans With An Allowance for Loan Losses, Interest Recognized	14	1	40	3
Total Average Investment	7,789	16,034	7,833	16,030
Total Interest Recognized	90	217	265	643
Commercial
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	50	272	50	277
Loans With No Related Allowance for Loan Losses, Interest Recognized	1	4	3	9
Loans With An Allowance for Loan Losses, Average Investment	1,154	121	1,155	124
Loans With An Allowance for Loan Losses, Interest Recognized	14	1	40	2
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	137	162	144	168
HELOC and 1-4 Family Junior Mortgage
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	884	865	884	804
Loans With No Related Allowance for Loan Losses, Interest Recognized	12	11	34	31
Loans With An Allowance for Loan Losses, Average Investment		144		144
1st REM - Rentals
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	465	748	470	753
Loans With No Related Allowance for Loan Losses, Interest Recognized	6	8	18	21
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	867	1,594	868	1,602
Loans With No Related Allowance for Loan Losses, Interest Recognized	3	21	9	65
CRE Non-owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	4,232	12,115	4,262	12,145
Loans With No Related Allowance for Loan Losses, Interest Recognized	$ 54	172	$ 161	514
Consumer and other
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Average Investment		$ 13		13
Loans With An Allowance for Loan Losses, Interest Recognized				$ 1

Loans - Risk category of loans

Loans - Risk category of loans by loan segment (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 2,712,012	$ 2,326,428
Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	2,636,893	2,266,469
Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	67,377	44,795
Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	7,742	15,164
Commercial
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	350,081	304,220
Commercial | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	323,787	289,465
Commercial | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	25,091	14,516
Commercial | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,203	239
Paycheck Protection Program (PPP), CARES Act
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	54,190	138,454
Paycheck Protection Program (PPP), CARES Act | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	54,190	138,454
Construction and Land Development
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	257,167	170,217
Construction and Land Development | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	257,033	170,061
Construction and Land Development | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	134	156
HELOC and 1-4 Family Junior Mortgage
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	29,670	30,280
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	28,787	29,396
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	883	884
1st REM - 1-4 Family
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	46,889	41,942
1st REM - 1-4 Family | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	46,197	41,239
1st REM - 1-4 Family | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	692	703
LOCs and 2nd REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	20,192	20,678
LOCs and 2nd REM - Rentals | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	20,174	20,678
LOCs and 2nd REM - Rentals | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	18
1st REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	193,784	201,579
1st REM - Rentals | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	193,321	200,965
1st REM - Rentals | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	463	614
Multifamily
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	865,172	626,465
Multifamily | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	865,172	626,465
CRE Owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	101,834	75,604
CRE Owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	99,396	74,734
CRE Owner Occupied | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,597
CRE Owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	841	870
CRE Non-owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	786,271	709,300
CRE Non-owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	742,074	667,336
CRE Non-owner Occupied | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	39,979	29,576
CRE Non-owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	4,218	12,388
Consumer and other
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	6,762	7,689
Consumer and other | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 6,762	7,676
Consumer and other | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals		$ 13

Loans - Recorded investment in

Loans - Recorded investment in past due loans by loan segment (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Aging of the recorded investment in past due loans by loan segment
Current	$ 2,711,260	$ 2,325,640
Nonaccrual	734	775
Totals	2,712,012	2,326,428
30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Past Due	18	13
Commercial
Aging of the recorded investment in past due loans by loan segment
Current	350,081	304,211
Nonaccrual		6
Totals	350,081	304,220
Commercial | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Past Due		3
Paycheck Protection Program (PPP), CARES Act
Aging of the recorded investment in past due loans by loan segment
Current	54,190	138,454
Totals	54,190	138,454
Construction and Land Development
Aging of the recorded investment in past due loans by loan segment
Current	257,033	170,061
Nonaccrual	134	156
Totals	257,167	170,217
HELOC and 1-4 Family Junior Mortgage
Aging of the recorded investment in past due loans by loan segment
Current	29,670	30,280
Totals	29,670	30,280
1st REM - 1-4 Family
Aging of the recorded investment in past due loans by loan segment
Current	46,871	41,942
Totals	46,889	41,942
1st REM - 1-4 Family | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Past Due	18
LOCs and 2nd REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Current	20,192	20,668
Totals	20,192	20,678
LOCs and 2nd REM - Rentals | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Past Due		10
1st REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Current	193,784	201,579
Totals	193,784	201,579
Multifamily
Aging of the recorded investment in past due loans by loan segment
Current	865,172	626,465
Totals	865,172	626,465
CRE Owner Occupied
Aging of the recorded investment in past due loans by loan segment
Current	101,234	74,991
Nonaccrual	600	613
Totals	101,834	75,604
CRE Non-owner Occupied
Aging of the recorded investment in past due loans by loan segment
Current	786,271	709,300
Totals	786,271	709,300
Consumer and other
Aging of the recorded investment in past due loans by loan segment
Current	6,762	7,689
Totals	$ 6,762	$ 7,689

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, 2021USD ($)loan	Dec. 31, 2020USD ($)loan
Loans
Troubled Debt Restructurings, Number of Loans	4	3
New Troubled Debt Restructurings, Post-Modification Outstanding Balance | $	$ 1,440	$ 421
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, 2021USD ($)loan
COVID-19 related loan modifications
Amount of loan modifications | $	$ 35,361
Number of Loans | loan	13
Commercial
COVID-19 related loan modifications
Amount of loan modifications | $	$ 5,084
Number of Loans | loan	3
CRE Owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 638
Number of Loans | loan	3
CRE Non-owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 29,639
Number of Loans | loan	7
Interest Only
COVID-19 related loan modifications
Amount of loan modifications | $	$ 30,597
Number of Loans | loan	12
Interest Only | Commercial
COVID-19 related loan modifications
Amount of loan modifications | $	$ 320
Number of Loans | loan	2
Interest Only | CRE Owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 638
Number of Loans | loan	3
Interest Only | CRE Non-owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 29,639
Number of Loans | loan	7
Extended Amortization
COVID-19 related loan modifications
Amount of loan modifications | $	$ 4,764
Number of Loans | loan	1
Extended Amortization | Commercial
COVID-19 related loan modifications
Amount of loan modifications | $	$ 4,764
Number of Loans | loan	1

Deposits (Details)

Deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Deposits, by Type [Abstract]
Transaction Deposits	$ 1,335,275	$ 1,038,193
Savings and Money Market Deposits	791,861	657,617
Time Deposits	309,824	353,543
Brokered Deposits	417,197	452,283
Total Deposits	$ 2,854,157	$ 2,501,636

Notes Payable (Details)

Notes Payable (Details) - USD ($) $ in Thousands	Mar. 01, 2021	Feb. 25, 2021	Sep. 30, 2021	Sep. 30, 2020
Notes Payable
Repayment of note payable		$ 11,000	$ 11,000	$ 1,500
Loan and Security Agreement
Notes Payable
Outstanding balance under the revolving line of credit			$ 0
Bank stock (as a percent)	100.00%
Loan and Security Agreement | Revolving Line of Credit
Notes Payable
Maximum principal amount	$ 25,000
Variable spread on debt (as a percent)	3.85%

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Non-hedge Derivatives (Details) - Interest Rate Swap - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Estimated Fair Value, Asset	$ 1,623	$ 2,757
Estimated Fair Value, Liability	(2,306)	(6,167)
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	49,252	49,696
Notional Amount, Liability	49,252	49,696
Notional Amount	98,504	99,392
Estimated Fair Value, Asset	654	2,701
Estimated Fair Value, Liability	$ (654)	$ (2,701)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Cash Flow Derivatives (Details) - Cash flow hedge - Designated as Hedging Instrument - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Cash Flow Hedging Derivatives
Amount expected to be reclassified from AOCI into earnings	$ (1,455,000)
Interest Rate Swap
Cash Flow Hedging Derivatives
Notional Amount	$ 125,000,000	$ 111,000,000
Weighted Average Pay Rate	1.27%	1.26%
Weighted Average Receive Rate	0.14%	0.22%
Derivative Weighted Average Maturity	4 years 7 days	3 years 11 months 12 days
Net Unrealized Gain (Loss)	$ (683,000)	$ (3,410,000)
Interest Rate Cap
Cash Flow Hedging Derivatives
Notional Amount	95,000,000	95,000,000
Initial premium paid	2,465	$ 2,689,000
Amortization of interest rate cap premiums	$ 212,000
Weighted Average Strike Rate	0.89%
Weighted average maturity	8 years 8 months 23 days

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Cash Flow Hedging Reclassification (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Derivatives, Fair Value [Line Items]
Cash collateral posted	$ 2,099	$ 8,526
Collateral received	7,390	2,700
Cash flow hedge | Interest Rate Swap | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	60,000	5,000
Notional Amount, Liability	65,000	106,000
Estimated Fair Value, Asset	969	56
Estimated Fair Value, Liability	(1,652)	(3,466)
Cash flow hedge | Interest Rate Cap | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	95,000	50,000
Estimated Fair Value, Asset	$ 6,693	$ 2,834

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, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into earnings	$ (358)	$ (204)	$ (329)	$ 1,160
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	(290)	$ (241)	(827)	$ (313)
Interest Rate Cap | Interest expense | Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into earnings	$ (116)		$ (252)

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($) $ in Thousands	Jul. 08, 2021	Oct. 13, 2020	Jun. 19, 2020	Jul. 12, 2017	Jul. 31, 2021	Sep. 30, 2021	Sep. 30, 2021	Sep. 30, 2020
Subordinated Debentures
Total amortization expense							$ 299	$ 138
Subordinated Note Purchase Agreement | 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031
Subordinated Debentures
Aggregate principal amount	$ 30,000
Fixed interest rate (as a percent)	3.25%
Percentage of face value at which notes are issued	100.00%
Issuance costs	$ 665
Amortization period of debt	5 years
Total amortization expense						$ 30	30
Remaining to be amortized						635	635
Redemption percentage of the outstanding principal amount	100.00%
Subordinated Note Purchase Agreement | 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031 | SOFR
Subordinated Debentures
Variable spread on debt (as a percent)	2.52%
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						61	183
Remaining to be amortized						914	914
Redemption percentage of the outstanding principal amount			100.00%
Total amount in exchange offer		$ 50,000
Amount exchanged		$ 47,000
Subordinated Note Purchase Agreement | 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 | SOFR
Subordinated Debentures
Variable spread on debt (as a percent)			5.13%
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						65	116
Remaining to be amortized						$ 47	$ 47
Amount exchanged					$ 11,250
Loss on extinguishment of debt					582
Prepayment penalties					532
Unamortized issuance costs					$ 50
Subordinated Note Purchase Agreement | 5.875% Fixed-to-Floating Rate Subordinated Notes due 2027 | LIBOR
Subordinated Debentures
Variable spread on debt (as a percent)				3.88%

Tax Credit Investments - Invest

Tax Credit Investments - Investments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Investments in qualified affordable housing projects and other tax credit investments
Investment	$ 4,824		$ 4,824		$ 4,065
Unfunded Commitment	407		407		1,858
Amortization Expense	222	$ 216	620	$ 803
Tax Benefit Recognized	(239)	(303)	(717)	(1,085)
Low Income Housing Tax Credit (LIHTC)
Investments in qualified affordable housing projects and other tax credit investments
Investment	2,941		2,941		1,867
Amortization Expense	70	70	210	211
Tax Benefit Recognized	(83)	(83)	(248)	(248)
Federal Historic Tax Credit (FHTC)
Investments in qualified affordable housing projects and other tax credit investments
Investment	1,883		1,883		2,198
Unfunded Commitment	407		407		$ 1,858
Amortization Expense	152	146	410	592
Tax Benefit Recognized	$ (156)	$ (220)	$ (469)	$ (837)

Commitments, Contingencies an_3

Commitments, Contingencies and Credit Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Commitments Outstanding
Unfunded Commitments Under Lines of Credit	$ 802,190	$ 644,338
Letters of Credit	113,023	90,206
Totals	915,213	734,544
Federal Home Loan Bank Advances
Commitments Outstanding
Outstanding letters of credit	$ 38,109	$ 60,091

Stock Options and Restricted _3

Stock Options and Restricted Stock - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2021USD ($)itemshares	Dec. 31, 2020shares
Stock Options and Restricted Stock Awards
Number of banks in the index | item	51
Minimum
Stock Options and Restricted Stock Awards
Market capitalization | $	$ 500
Maximum
Stock Options and Restricted Stock Awards
Market capitalization | $	$ 4,000
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	30,000
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	294,700	313,600
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	526,955	561,883

Stock Options and Restricted _4

Stock Options and Restricted Stock - Black-Scholes Assumptions (Details)	9 Months Ended
	Sep. 30, 2021
Black-Scholes Assumptions
Expected Life	7 years
Expected Volatility	29.93%
Risk-Free Interest Rate	1.14%

Stock Options and Restricted _5

Stock Options and Restricted Stock - Stock Option Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Stock Option Plans
Outstanding at Beginning of Year			1,914,250
Granted			20,500
Exercised			(52,400)
Forfeitures			(1,600)
Outstanding at End of Year	1,880,750		1,880,750
Options Exercisable at End of Year	1,193,950		1,193,950
Weighted Average Exercise Price
Outstanding at Beginning of Year			$ 7.29
Granted			16.88
Exercised			4.64
Forfeitures			7.47
Outstanding at End of Year	$ 7.47		7.47
Options Exercisable at End of Year	$ 6.21		$ 6.21
Stock Options
Weighted Average Exercise Price
Compensation expense for stock options	$ 234	$ 205	$ 686	$ 653

Stock Options and Restricted _6

Stock Options and Restricted Stock - Exercise Price (Details) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares
Exercise Price
Options Outstanding, Number Outstanding | shares	1,880,750
Options Outstanding, Weighted Average Exercise Price	$ 7.47
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 6 months
Options Exercisable, Number Outstanding | shares	1,193,950
Options Exercisable, Weighted Average Exercise Price	$ 6.21
Total unrecognized compensation cost | $	$ 1,453
Weighted-average period over which total unrecognized compensation cost is expected to be recognized (in years)	1 year 10 months 24 days
2.13 - 3.99
Exercise Price
Exercise Price, lower range	$ 2.13
Exercise Price, upper range	$ 3.99
Options Outstanding, Number Outstanding | shares	486,500
Options Outstanding, Weighted Average Exercise Price	$ 2.99
Options Outstanding, Weighted Average Remaining Contractual Life	2 years 3 months 18 days
Options Exercisable, Number Outstanding | shares	486,500
Options Exercisable, Weighted Average Exercise Price	$ 2.99
7.00 - 7.99
Exercise Price
Exercise Price, lower range	7
Exercise Price, upper range	$ 7.99
Options Outstanding, Number Outstanding | shares	962,200
Options Outstanding, Weighted Average Exercise Price	$ 7.47
Options Outstanding, Weighted Average Remaining Contractual Life	6 years
Options Exercisable, Number Outstanding | shares	571,400
Options Exercisable, Weighted Average Exercise Price	$ 7.47
8.00 - 8.99
Exercise Price
Exercise Price, lower range	8
Exercise Price, upper range	$ 8.99
Options Outstanding, Number Outstanding | shares	20,000
Options Outstanding, Weighted Average Exercise Price	$ 8.76
Options Outstanding, Weighted Average Remaining Contractual Life	8 years 6 months
Options Exercisable, Number Outstanding | shares	1,250
Options Exercisable, Weighted Average Exercise Price	$ 8.76
10.00 - 10.99
Exercise Price
Exercise Price, lower range	10
Exercise Price, upper range	$ 10.99
Options Outstanding, Number Outstanding | shares	10,000
Options Outstanding, Weighted Average Exercise Price	$ 10.08
Options Outstanding, Weighted Average Remaining Contractual Life	8 years 8 months 12 days
Options Exercisable, Number Outstanding | shares	2,500
Options Exercisable, Weighted Average Exercise Price	$ 10.08
11.00 - 11.99
Exercise Price
Exercise Price, lower range	11
Exercise Price, upper range	$ 11.99
Options Outstanding, Number Outstanding | shares	85,000
Options Outstanding, Weighted Average Exercise Price	$ 11.27
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 7 months 6 days
Options Exercisable, Number Outstanding | shares	34,000
Options Exercisable, Weighted Average Exercise Price	$ 11.27
12.00 - 12.99
Exercise Price
Exercise Price, lower range	12
Exercise Price, upper range	$ 12.99
Options Outstanding, Number Outstanding | shares	271,550
Options Outstanding, Weighted Average Exercise Price	$ 12.90
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 10 months 24 days
Options Exercisable, Number Outstanding | shares	83,300
Options Exercisable, Weighted Average Exercise Price	$ 12.90
13.00 - 13.99
Exercise Price
Exercise Price, lower range	13
Exercise Price, upper range	$ 13.99
Options Outstanding, Number Outstanding | shares	25,000
Options Outstanding, Weighted Average Exercise Price	$ 13.22
Options Outstanding, Weighted Average Remaining Contractual Life	6 years 7 months 6 days
Options Exercisable, Number Outstanding | shares	15,000
Options Exercisable, Weighted Average Exercise Price	$ 13.22
16.00 - 16.99
Exercise Price
Exercise Price, lower range	16
Exercise Price, upper range	$ 16.99
Options Outstanding, Number Outstanding | shares	10,000
Options Outstanding, Weighted Average Exercise Price	$ 16.23
Options Outstanding, Weighted Average Remaining Contractual Life	9 years 7 months 6 days
Options Exercisable, Weighted Average Exercise Price	$ 16.23
17.00 - 17.99
Exercise Price
Exercise Price, lower range	17
Exercise Price, upper range	$ 17.99
Options Outstanding, Number Outstanding | shares	10,500
Options Outstanding, Weighted Average Exercise Price	$ 17.49
Options Outstanding, Weighted Average Remaining Contractual Life	9 years 8 months 12 days
Options Exercisable, Weighted Average Exercise Price	$ 17.49

Stock Options and Restricted _7

Stock Options and Restricted Stock - Non-Vested Options (Details)	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Number of Shares
Nonvested Options at beginning of period | shares	708,900
Granted | shares	20,500
Vested | shares	(41,000)
Forfeited | shares	(1,600)
Nonvested Options at end of period | shares	686,800
Weighted Average Grant Date Fair Value
Nonvested Options at beginning of period | $ / shares	$ 3.24
Granted | $ / shares	5.66
Vested | $ / shares	3.83
Forfeited | $ / shares	7.47
Nonvested Options at end of period | $ / shares	$ 3.27

Stock Options and Restricted _8

Stock Options and Restricted Stock - Restricted Stock Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Compensation expense
Weighted-average period for non vested restricted stock awards			1 year 10 months 24 days
Restricted Stock Awards
Number of Shares
Vesting period			4 years
Nonvested Awards at beginning of period			110,962
Vested			(2,784)
Nonvested Awards at end of period	108,178		108,178
Weighted Average Grant Date Fair Value
Nonvested Awards at beginning of period			$ 12.63
Vested			10.32
Nonvested Awards at end of period	$ 12.69		$ 12.69
Compensation expense
Compensation expense recognized	$ 115	$ 109	$ 340	$ 330
Unrecognized compensation cost	$ 1,009		$ 1,009
Weighted-average period for non vested restricted stock awards			2 years 2 months 12 days
Shares issued for services on board of directors			14,408
Value of shares issued for services on board of directors			$ 239

Stock Options and Restricted _9

Stock Options and Restricted Stock - Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Compensation expense
Weighted-average period for non vested restricted stock awards			1 year 10 months 24 days
Restricted Stock Units
Number of Shares
Number of shares of common stock on which each RSU is entitled to to receive upon vesting					1
Vesting period					4 years
Nonvested Awards at beginning of period			205,666
Granted			21,600
Vested			0
Forfeited			(1,080)
Nonvested Awards at end of period	226,186		226,186		205,666
Weighted Average Grant Date Fair Value
Nonvested Awards at beginning of period			$ 12.27
Granted			15.70
Forfeited			12.27
Nonvested Awards at end of period	$ 12.60		$ 12.60		$ 12.27
Compensation expense
Compensation expense recognized	$ 179	$ 109	$ 499	$ 330
Unrecognized compensation cost	$ 2,307		$ 2,307
Weighted-average period for non vested restricted stock awards			3 years 2 months 12 days
Restricted stock awards vested			0

Preferred Stock (Details)

Preferred Stock (Details) $ / shares in Units, $ in Thousands	Aug. 20, 2021USD ($)shares	Aug. 17, 2021$ / sharesshares	Sep. 30, 2021USD ($)$ / shares	Dec. 31, 2020$ / shares
Class of Stock [Line Items]
Preferred shares, par value (in dollars per share) | $ / shares			$ 0.01	$ 0.01
Net proceeds from issuance of Preferred Stock			$ 66,515
Depositary Shares
Class of Stock [Line Items]
Number of shares issued | shares		2,400,000
Conversion of stock split ratio		0.01
Series A Preferred Stock
Class of Stock [Line Items]
Preferred Stock, dividend rate, percentage		5.875%	5.875%
Preferred shares, par value (in dollars per share) | $ / shares		$ 0.01
Over-Allotment | Depositary Shares
Class of Stock [Line Items]
Number of shares issued | shares	360,000
Gross proceeds from offering	$ 69,000
Issuance costs	2,485
Net proceeds from issuance of Preferred Stock	$ 66,515

Regulatory Capital - Capital Am

Regulatory Capital - Capital Amounts and Ratios (Details) $ in Thousands	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Total Risk-Based Capital
Total Risk-Based Capital, Actual amount	$ 485,377	$ 360,198
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	243,787	197,604
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conversion Buffer, amount	$ 319,970	$ 259,355
Total Risk-Based Capital, Actual ratio	0.1593	0.1458
Total Risk-Based Capital, For Capital Adequacy Purposes, Ratio	0.0800	0.0800
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	0.1050	0.1050
Tier 1 Risk-Based Capital
Banking Regulation, Tier One Risk-Based Capital, Actual	$ 355,118	$ 255,530
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	182,840	148,203
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 259,023	$ 209,954
Tier 1 Risk-Based Capital, Actual ratio	0.1165	0.1035
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, Ratio	0.0600	0.0600
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	0.0850	0.0850
Common Equity Tier 1 Capital
Common Equity Tier 1 Capital, Actual amount	$ 288,603	$ 255,530
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	137,130	111,152
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 213,313	$ 172,904
Common Equity Tier 1 Capital, Actual ratio	0.0947	0.1035
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	$ 355,118	$ 255,530
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, amount	132,757	110,168
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 132,757	$ 110,168
Tier 1 Leverage Ratio, Actual ratio	0.1070	0.0928
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, Ratio	0.0400	0.0400
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	0.0400	0.0400
Bank
Total Risk-Based Capital
Total Risk-Based Capital, Actual amount	$ 399,889	$ 330,380
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	243,656	197,629
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conversion Buffer, amount	319,798	259,388
Total Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 304,569	$ 247,036
Total Risk-Based Capital, Actual ratio	0.1313	0.1337
Total Risk-Based Capital, For Capital Adequacy Purposes, Ratio	0.0800	0.0800
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	0.1050	0.1050
Total Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.1000	0.1000
Tier 1 Risk-Based Capital
Banking Regulation, Tier One Risk-Based Capital, Actual	$ 361,803	$ 299,447
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	182,742	148,222
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	258,884	209,981
Tier 1 Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 243,656	$ 197,629
Tier 1 Risk-Based Capital, Actual ratio	0.1188	0.1212
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, Ratio	0.0600	0.0600
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	0.0850	0.0850
Tier 1 Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0800	0.0800
Common Equity Tier 1 Capital
Common Equity Tier 1 Capital, Actual amount	$ 361,803	$ 299,447
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	137,056	111,166
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	213,199	172,925
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 197,970	$ 160,574
Common Equity Tier 1 Capital, Actual ratio	0.1188	0.1212
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	$ 361,803	$ 299,447
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, amount	132,066	109,972
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	132,066	109,972
Tier 1 Leverage Ratio, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 165,083	$ 137,465
Tier 1 Leverage Ratio, Actual ratio	0.1096	0.1089
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, Ratio	0.0400	0.0400
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, Ratio	0.0400	0.0400
Tier 1 Leverage Ratio, To be Well Capitalized Under Prompt Corrective Action Regulations, Ratio	0.0500	0.0500

Fair Value Measurement - Recurr

Fair Value Measurement - Recurring (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	$ 413,149	$ 390,629
Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets	421,465	396,220
Total Fair Value of Financial Liabilities	2,306	6,167
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	1,008
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	1,008
Municipal Bonds
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	136,885	115,012
Municipal Bonds | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	136,885	115,012
Mortgage-Backed Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	126,012	124,260
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	126,012	124,260
Corporate Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	77,246	72,155
Corporate Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	77,246	72,155
SBA Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	33,108	40,107
SBA Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	33,108	40,107
Asset-Backed Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	38,890	39,095
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	38,890	39,095
Interest Rate Cap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	6,693	2,834
Interest Rate Cap | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	6,693	2,834
Interest Rate Swap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	1,623	2,757
Interest Rate Swaps	2,306	6,167
Interest Rate Swap | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	1,623	2,757
Interest Rate Swaps	2,306	6,167
Level 1
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	1,008
Level 1 | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets	1,008
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	1,008
Level 2
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	412,141	390,629
Level 2 | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets	420,457	396,220
Total Fair Value of Financial Liabilities	2,306	6,167
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	136,885	115,012
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	126,012	124,260
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	77,246	72,155
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	33,108	40,107
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	38,890	39,095
Level 2 | Interest Rate Cap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	6,693	2,834
Level 2 | Interest Rate Cap | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	6,693	2,834
Level 2 | Interest Rate Swap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	1,623	2,757
Interest Rate Swaps	2,306	6,167
Level 2 | Interest Rate Swap | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	1,623	2,757
Interest Rate Swaps	$ 2,306	$ 6,167

Fair Value Measurement - Nonrec

Fair Value Measurement - Nonrecurring (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	$ 1,300	$ 3,750	$ 4,000	$ 8,850
Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss			284		$ 50
Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss			284		50
Level 2 | Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	887		887		80
Level 2 | Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	$ 887		$ 887		$ 80

Fair Value Measurement - Estima

Fair Value Measurement - Estimated Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Financial Assets:
Cash and Due From Banks	$ 189,502	$ 160,675
Bank-Owned Certificates of Deposit	1,877	2,860
Securities Available for Sale, at Fair Value	413,149	390,629
FHLB Stock, at Cost	5,442	5,027
Loans, Net	2,662,912	2,282,436
Accrued Interest Receivable	8,550	9,172
Financial Liabilities:
Deposits	2,854,157	2,501,636
Notes Payable		11,000
FHLB Advances	47,500	57,500
Subordinated Debentures	92,153	73,739
Accrued Interest Payable	1,656	1,615
Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	6,693	2,834
Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	1,623	2,757
Financial Liabilities:
Interest Rate Swaps	2,306	6,167
Level 1
Financial Assets:
Cash and Due From Banks	189,502	160,675
Securities Available for Sale, at Fair Value	1,008
Level 2
Financial Assets:
Bank-Owned Certificates of Deposit	1,896	2,908
Securities Available for Sale, at Fair Value	412,141	390,629
FHLB Stock, at Cost	5,442	5,027
Loans, Net	2,643,925	2,309,421
Accrued Interest Receivable	8,550	9,172
Financial Liabilities:
Deposits	2,819,393	2,509,148
Notes Payable		11,001
FHLB Advances	47,941	58,830
Subordinated Debentures	98,092	74,769
Accrued Interest Payable	1,656	1,615
Level 2 | Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	6,693	2,834
Level 2 | Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	1,623	2,757
Financial Liabilities:
Interest Rate Swaps	2,306	6,167
Estimated Fair Value
Financial Assets:
Cash and Due From Banks	189,502	160,675
Bank-Owned Certificates of Deposit	1,896	2,908
Securities Available for Sale, at Fair Value	413,149	390,629
FHLB Stock, at Cost	5,442	5,027
Loans, Net	2,643,925	2,309,421
Accrued Interest Receivable	8,550	9,172
Financial Liabilities:
Deposits	2,819,393	2,509,148
Notes Payable		11,001
FHLB Advances	47,941	58,830
Subordinated Debentures	98,092	74,769
Accrued Interest Payable	1,656	1,615
Estimated Fair Value | Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	6,693	2,834
Estimated Fair Value | Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	1,623	2,757
Financial Liabilities:
Interest Rate Swaps	$ 2,306	$ 6,167

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - USD ($) $ / shares in Units, $ in Thousands	Nov. 05, 2021	Oct. 26, 2021
Series A Preferred Stock
Subsequent Events
Dividend per share		$ 42.43
Depositary Shares
Subsequent Events
Dividend per share		$ 0.4243
Gross proceeds from offering	$ 30,000