Bridgewater Bancshares (BWB) 10-Q 3 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 01, 2022
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
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	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,590,978
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
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, 2022	Dec. 31, 2021
ASSETS
Cash and Cash Equivalents	$ 75,496	$ 143,473
Bank-Owned Certificates of Deposit	1,182	1,876
Securities Available for Sale, at Fair Value	542,007	439,362
Loans, Net of Allowance for Loan Losses of $46,491 at September 30, 2022 (unaudited) and $40,020 at December 31, 2021	3,324,503	2,769,917
Federal Home Loan Bank (FHLB) Stock, at Cost	15,603	5,242
Premises and Equipment, Net	48,941	49,395
Accrued Interest	11,198	9,186
Goodwill	2,626	2,626
Other Intangible Assets, Net	336	479
Other Assets	107,095	56,103
Total Assets	4,128,987	3,477,659
Deposits:
Noninterest Bearing	961,084	875,084
Interest Bearing	2,343,990	2,071,153
Total Deposits	3,305,074	2,946,237
Federal Funds Purchased	212,000
FHLB Advances	71,500	42,500
Subordinated Debentures, Net of Issuance Costs	92,559	92,239
Accrued Interest Payable	2,214	1,409
Other Liabilities	63,633	16,002
Total Liabilities	3,746,980	3,098,387
SHAREHOLDERS' EQUITY
Preferred Stock- $0.01 par value; Authorized 10,000,000 Preferred Stock - Issued and Outstanding 27,600 Series A shares ($2,500 liquidation preference) at September 30, 2022 (unaudited) and December 31, 2021	66,514	66,514
Common Stock- $0.01 par value; Authorized 75,000,000 Common Stock - Issued and Outstanding 27,587,978 at September 30, 2022 (unaudited) and 28,206,566 at December 31, 2021	276	282
Additional Paid-In Capital	95,973	104,123
Retained Earnings	235,964	199,347
Accumulated Other Comprehensive Income (Loss)	(16,720)	9,006
Total Shareholders' Equity	382,007	379,272
Total Liabilities and Equity	$ 4,128,987	$ 3,477,659

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Allowance of loan loss	$ 46,491	$ 40,020
Preferred shares, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
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)	27,587,978	28,206,566
Common stock, shares outstanding (in shares)	27,587,978	28,206,566
Series A Preferred Stock
Preferred stock, shares issued (in shares)	27,600	27,600
Preferred stock, shares outstanding (in shares)	27,600	27,600
Liquidation preference	$ 2,500	$ 2,500

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
INTEREST INCOME
Loans, Including Fees	$ 37,666	$ 34,358	$ 31,049	$ 103,768	$ 87,705
Investment Securities	4,372	3,325	2,333	10,567	7,065
Other	321	99	135	500	334
Total Interest Income	42,359	37,782	33,517	114,835	95,104
INTEREST EXPENSE
Deposits	5,984	3,456	3,417	12,598	10,601
Notes Payable					61
FHLB Advances	329	167	213	646	669
Subordinated Debentures	1,242	1,219	1,214	3,658	3,411
Federal Funds Purchased	709	410		1,128	6
Total Interest Expense	8,264	5,252	4,844	18,030	14,748
NET INTEREST INCOME	34,095	32,530	28,673	96,805	80,356
Provision for Loan Losses	1,500	3,025	1,300	6,200	4,000
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	32,595	29,505	27,373	90,605	76,356
NONINTEREST INCOME
Customer Service Fees	313	298	268	892	733
Net Gain on Sales of Available for Sale Securities		52	48	52	750
Other Income	1,074	1,300	1,094	3,650	2,538
Total Noninterest Income	1,387	1,650	1,410	4,594	4,021
NONINTEREST EXPENSE
Salaries and Employee Benefits	9,449	8,977	8,309	27,120	22,923
Occupancy and Equipment	1,086	1,042	942	3,213	2,977
Other Expense	3,622	3,733	3,985	11,084	9,736
Total Noninterest Expense	14,157	13,752	13,236	41,417	35,636
INCOME BEFORE INCOME TAXES	19,825	17,403	15,547	53,782	44,741
Provision for Income Taxes	5,312	4,521	4,038	14,125	11,568
NET INCOME	14,513	12,882	11,509	39,657	33,173
Preferred Stock Dividends	(1,013)	(1,014)		(3,040)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 13,500	$ 11,868	$ 11,509	$ 36,617	$ 33,173
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.49	$ 0.43	$ 0.41	$ 1.32	$ 1.18
Diluted (in dollars per share)	$ 0.47	$ 0.41	$ 0.40	$ 1.27	$ 1.14

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Consolidated Statements of Comprehensive Income
Net Income	$ 14,513	$ 11,509	$ 39,657	$ 33,173
Other Comprehensive Income (Loss):
Unrealized Gains (Losses) on Available for Sale Securities	(18,073)	(237)	(56,487)	114
Unrealized Gains (Losses) on Cash Flow Hedges	7,725	242	21,117	3,295
Reclassification Adjustment for (Gains) Losses Realized in Income	(119)	358	511	329
Income Tax Impact	4,808	(73)	9,133	(785)
Total Other Comprehensive Income (Loss), Net of Tax	(5,659)	290	(25,726)	2,953
Comprehensive Income	$ 8,854	$ 11,799	$ 13,931	$ 36,126

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 (Loss)	Total
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 (Loss)				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
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 (Loss)				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
Balance at the beginning at Dec. 31, 2021	66,514	$ 282	104,123	199,347	9,006	379,272
Balance at the beginning (in shares) at Dec. 31, 2021		28,206,566
Stock-based Compensation			2,557			2,557
Stock-based Compensation (in shares)		14,400
Comprehensive Income (Loss)				39,657	(25,726)	13,931
Stock Options Exercised			106			$ 106
Stock Options Exercised (in shares)		28,000				28,000
Stock Repurchases		$ (6)	(10,772)			$ (10,778)
Stock Repurchases (in shares)		(662,765)
Forfeiture of Restricted Stock Awards			(3)			(3)
Forfeiture of Restricted Stock Awards (in shares)		(1,000)
Vested Restricted Stock Units (in shares)		5,100
Restricted Shares Withheld for Taxes			(38)			(38)
Restricted Shares Withheld for Taxes (in shares)		(2,323)
Preferred Stock Dividend				(3,040)		(3,040)
Balance at the end at Sep. 30, 2022	66,514	$ 276	95,973	235,964	(16,720)	382,007
Balance at the end (in shares) at Sep. 30, 2022		27,587,978
Balance at the beginning at Jun. 30, 2022	66,514	$ 277	96,689	222,464	(11,061)	374,883
Balance at the beginning (in shares) at Jun. 30, 2022		27,677,372
Stock-based Compensation			876			876
Stock-based Compensation (in shares)		4,744
Comprehensive Income (Loss)				14,513	(5,659)	8,854
Stock Options Exercised			41			41
Stock Options Exercised (in shares)		3,250
Stock Repurchases		$ (1)	(1,615)			(1,616)
Stock Repurchases (in shares)		(99,310)
Vested Restricted Stock Units (in shares)		3,000
Restricted Shares Withheld for Taxes			(18)			(18)
Restricted Shares Withheld for Taxes (in shares)		(1,078)
Preferred Stock Dividend				(1,013)		(1,013)
Balance at the end at Sep. 30, 2022	$ 66,514	$ 276	$ 95,973	$ 235,964	$ (16,720)	$ 382,007
Balance at the end (in shares) at Sep. 30, 2022		27,587,978

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income			$ 39,657	$ 33,173
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net Amortization on Securities Available for Sale			1,712	2,567
Net Gain on Sales of Securities Available for Sale		$ (48)	(52)	(750)
Provision for Loan Losses	$ 1,500	1,300	6,200	4,000
Depreciation of Premises and Equipment			1,911	1,755
Amortization of Other Intangible Assets			143	143
Amortization of Subordinated Debt Issuance Costs			320	299
Stock-based Compensation			2,557	1,765
Changes in Operating Assets and Liabilities:
Accrued Interest Receivable and Other Assets			(7,859)	(6,957)
Accrued Interest Payable and Other Liabilities			35,780	7,876
Net Cash Provided by Operating Activities			80,369	43,871
CASH FLOWS FROM INVESTING ACTIVITIES
Decrease in Bank-Owned Certificates of Deposit			694	983
Proceeds from Sales of Securities Available for Sale		4,119	25,066	11,877
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale			30,253	33,250
Purchases of Securities Available for Sale			(210,432)	(64,669)
Net Increase in Loans			(560,786)	(384,476)
Net Increase in FHLB Stock			(10,361)	(415)
Purchases of Premises and Equipment			(1,457)	(571)
Purchase of Bank-Owned Life Insurance			(7,407)	(25,166)
Net Cash Used in Investing Activities			(734,430)	(429,187)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase in Deposits			358,837	352,521
Net Increase in Federal Funds Purchased			212,000
Principal Payments on Notes Payable				(11,000)
Proceeds from FHLB Advances			29,000
Principal Payments on FHLB Advances				(10,000)
Issuance of Preferred Stock, net of Issuance Costs				66,515
Preferred Stock Dividends Paid			(3,040)
Issuance of Subordinated Debt, net of Issuance Costs				29,365
Redemption of Subordinated Debt				(11,250)
Stock Options Exercised			106	243
Stock Repurchases			(10,778)	(2,246)
Forfeiture of Restricted Stock Awards			(3)
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards			(38)	(5)
Net Cash Provided by Financing Activities			586,084	414,143
NET CHANGE IN CASH AND CASH EQUIVALENTS			(67,977)	28,827
Cash and Cash Equivalents Beginning			143,473	160,675	$ 160,675
Cash and Cash Equivalents Ending	$ 75,496	$ 189,502	75,496	189,502	$ 143,473
SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash Paid for Interest			16,905	14,408
Cash Paid for Income Taxes			14,155	15,176
Net Investment Securities Purchased but Not Settled			$ 5,731	$ 5,432

Description of the Business and

Description of the Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2022
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, Inc. was incorporated in December 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, 2022 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 8, 2022. 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 rising inflation and ongoing 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 $1.24 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 Issued Accounting Guidance In March 2022, the FASB issued ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This ASU updates guidance in Topic 326 to eliminate the accounting guidance for TDRs by creditors in Subtopic 310-40, Receivables – Troubled Debt Restructurings by Creditors, while enhancing disclosure requirements for certain loan refinancing and restructuring activities by creditors when a borrower is experiencing financial difficulty. Additionally, the amendments to ASC 326 require that an entity disclose current period gross write offs by year of origination within the vintage disclosures, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivables by year of origination. ASU 2022-02 is effective for fiscal years beginning after December 15, 2022 for companies that have adopted CECL, including interim periods within those fiscal years, with early adoption permitted. ​ In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Codification Improvements to Topic 326, Financial Instruments Credit Losses Financial Instruments Credit Losses – Targeted Transition Relief Codification Improvements to Topic 326, Financial Instruments – Credit Losses varying degrees depending on the credit quality of the assets held by the entity, the duration of the assets held, and how the entity applies the current incurred loss methodology. In November 2019, the FASB issued ASU 2019-10, Financial Instruments — Credit Losses (Topic 326), Derivatives and Hedging (815), and Leases (Topic 842) – Effective Dates. he Company is required to implement by January 1, 2023 and is currently evaluating the impact on its consolidated financial statements. Subsequent Events ​ Subsequent events have been evaluated through November 3, 2022, which is the date the consolidated financial statements were available to be issued. ​

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Earnings Per Share
Earnings Per Share	Note 2: Earnings Per Share Basic earnings per common share are computed by dividing net income available to common shareholders 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, 2022, stock options, restricted stock awards and restricted stock units of approximately 300,500 shares were excluded from the calculation because they were deemed to be anti-dilutive. For the three and nine months ended September 30, 2021, stock options, restricted stock awards and restricted stock units of approximately 55,000 shares 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, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, (dollars in thousands, except per share data) 2022 2021 2022 2021 Net Income Available to Common Shareholders ​ $ 13,500 ​ $ 11,509 ​ $ 36,617 ​ $ 33,173 Weighted Average Common Stock Outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Common Stock Outstanding (Basic) ​ ​ 27,520,117 ​ ​ 28,047,280 ​ ​ 27,825,517 ​ ​ 28,035,246 Dilutive Effect of Stock Compensation ​ ​ 1,072,737 ​ ​ 1,063,267 ​ ​ 1,057,184 ​ ​ 1,042,604 Weighted Average Common Stock Outstanding (Dilutive) ​ ​ 28,592,854 ​ ​ 29,110,547 ​ ​ 28,882,701 ​ ​ 29,077,850 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Earnings per Common Share ​ $ 0.49 ​ $ 0.41 ​ $ 1.32 ​ $ 1.18 Diluted Earnings per Common Share ​ ​ 0.47 ​ ​ 0.40 ​ ​ 1.27 ​ ​ 1.14 ​

Securities

Securities	9 Months Ended
	Sep. 30, 2022
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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ (dollars in thousands) Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,374 ​ $ — ​ $ (36) ​ $ 2,338 Municipal Bonds ​ ​ 196,102 ​ ​ 54 ​ ​ (25,920) ​ ​ 170,236 Mortgage-Backed Securities ​ 207,973 ​ 8 ​ (16,396) ​ 191,585 Corporate Securities ​ 113,041 ​ 39 ​ (5,020) ​ 108,060 SBA Securities ​ 22,585 ​ ​ 96 ​ ​ (141) ​ ​ 22,540 Asset-Backed Securities ​ ​ 47,359 ​ ​ 348 ​ ​ (459) ​ ​ 47,248 Total Securities Available for Sale ​ $ 589,434 ​ $ 545 ​ $ (47,972) ​ $ 542,007 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ (dollars in thousands) Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 756 ​ $ — ​ $ (2) ​ $ 754 Municipal Bonds ​ ​ 151,665 ​ 7,492 ​ (788) ​ ​ 158,369 Mortgage-Backed Securities ​ 125,563 ​ 1,085 ​ (2,111) ​ 124,537 Corporate Securities ​ 81,925 ​ ​ 2,740 ​ ​ (185) ​ 84,480 SBA Securities ​ 30,474 ​ ​ 102 ​ ​ (206) ​ 30,370 Asset-Backed Securities ​ ​ 39,867 ​ ​ 1,044 ​ ​ (59) ​ ​ 40,852 Total Securities Available for Sale ​ $ 430,250 ​ $ 12,463 ​ $ (3,351) ​ $ 439,362 ​ 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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,338 ​ $ (36) ​ $ — ​ $ — ​ $ 2,338 ​ $ (36) Municipal Bonds ​ ​ 135,714 ​ ​ (16,465) ​ ​ 31,839 ​ ​ (9,455) ​ ​ 167,553 ​ ​ (25,920) Mortgage-Backed Securities ​ ​ 125,805 ​ ​ (6,300) ​ ​ 54,041 ​ ​ (10,096) ​ 179,846 ​ (16,396) Corporate Securities ​ ​ 93,186 ​ ​ (4,098) ​ ​ 9,549 ​ ​ (922) ​ 102,735 ​ (5,020) SBA Securities ​ ​ 1,071 ​ ​ (2) ​ ​ 10,645 ​ ​ (139) ​ 11,716 ​ (141) Asset-Backed Securities ​ ​ 24,382 ​ ​ (330) ​ ​ 2,900 ​ ​ (129) ​ ​ 27,282 ​ ​ (459) Total Securities Available for Sale ​ $ 382,496 ​ $ (27,231) ​ $ 108,974 ​ $ (20,741) ​ $ 491,470 ​ $ (47,972) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 754 ​ $ (2) ​ $ — ​ $ — ​ $ 754 ​ $ (2) Municipal Bonds ​ ​ 44,332 ​ ​ (708) ​ ​ 3,757 ​ ​ (80) ​ ​ 48,089 ​ ​ (788) Mortgage-Backed Securities ​ 36,921 ​ ​ (630) ​ ​ 35,949 ​ ​ (1,481) ​ 72,870 ​ (2,111) Corporate Securities ​ 9,398 ​ ​ (133) ​ ​ 1,948 ​ ​ (52) ​ 11,346 ​ (185) SBA Securities ​ 3,896 ​ ​ (7) ​ ​ 16,297 ​ ​ (199) ​ 20,193 ​ (206) Asset-Backed Securities ​ ​ 6,742 ​ ​ (59) ​ ​ — ​ ​ — ​ ​ 6,742 ​ ​ (59) Total Securities Available for Sale ​ $ 102,043 ​ $ (1,539) ​ $ 57,951 ​ $ (1,812) ​ $ 159,994 ​ $ (3,351) ​ At September 30, 2022, 564 debt securities had unrealized losses with aggregate depreciation of approximately 8.9% from the Company’s amortized cost basis. At December 31, 2021, 199 debt securities had unrealized losses with aggregate depreciation of approximately 2.1% from the Company’s amortized cost basis. These unrealized losses related principally to changes in interest rates and were not due to changes in the financial condition of the issuer, the quality of any underlying assets, or applicable credit enhancements. In analyzing whether unrealized losses on debt securities are other than temporary, management considers whether the securities are issued by a government body or agency, whether a rating agency has downgraded the securities, industry analysts’ reports, the financial condition and performance of the issuer, and the quality of any underlying assets or credit enhancements. Since management has the ability and intent to hold these debt securities for the foreseeable future, no declines were deemed to be other than temporary as of September 30, 2022. 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, 2022. Call date is used when a call of the debt security is expected, as 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. ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Amortized Cost Fair Value September 30, 2022 ​ ​ ​ ​ ​ ​ Due in One Year or Less ​ $ 2,692 ​ $ 2,665 Due After One Year Through Five Years ​ 35,380 ​ 34,227 Due After Five Years Through 10 Years ​ 158,065 ​ 146,852 Due After 10 Years ​ 115,380 ​ 96,890 Subtotal ​ 311,517 ​ 280,634 Mortgage-Backed Securities ​ 207,973 ​ 191,585 SBA Securities ​ 22,585 ​ 22,540 Asset-Backed Securities ​ ​ 47,359 ​ ​ 47,248 Totals ​ $ 589,434 ​ $ 542,007 ​ As of September 30, 2022 and December 31, 2021, 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, 2022 and September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, (dollars in thousands) 2022 2021 2022 2021 Proceeds From Sales of Securities ​ $ — ​ $ 4,119 ​ $ 25,066 ​ $ 11,877 Gross Gains on Sales ​ — ​ 498 ​ 234 ​ 1,200 Gross Losses on Sales ​ — ​ (450) ​ (182) ​ (450) ​

Loans

Loans	9 Months Ended
	Sep. 30, 2022
Loans
Loans	Note 4: Loans The following table presents the components of the loan portfolio at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (dollars in thousands) 2022 2021 Commercial ​ $ 412,448 ​ $ 360,169 Paycheck Protection Program ​ ​ 1,192 ​ ​ 26,162 Construction and Land Development ​ 335,557 ​ 281,474 Real Estate Mortgage: ​ ​ ​ ​ 1-4 Family Mortgage ​ 341,102 ​ 305,317 Multifamily ​ 1,230,509 ​ 910,243 CRE Owner Occupied ​ ​ 151,088 ​ ​ 111,096 CRE Nonowner Occupied ​ ​ 900,691 ​ ​ 818,569 Total Real Estate Mortgage Loans ​ ​ 2,623,390 ​ ​ 2,145,225 Consumer and Other ​ ​ 7,495 ​ ​ 6,442 Total Loans, Gross ​ 3,380,082 ​ 2,819,472 Allowance for Loan Losses ​ (46,491) ​ (40,020) Net Deferred Loan Fees ​ (9,088) ​ (9,535) Total Loans, Net ​ $ 3,324,503 ​ $ 2,769,917 ​ The following table presents the activity in the allowance for loan losses, by segment, for the three months ended September 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ Commercial Program Development Mortgage Multifamil y Occupied Occupied and Other Unallocated Total Three Months Ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 6,275 ​ $ 2 ​ $ 4,772 ​ $ 4,206 ​ $ 14,977 ​ $ 1,920 ​ $ 12,235 ​ $ 154 ​ $ 170 ​ $ 44,711 Provision for Loan Losses ​ ​ 70 ​ ​ (1) ​ ​ (303) ​ ​ (257) ​ ​ 1,845 ​ ​ 107 ​ ​ 47 ​ ​ 13 ​ ​ (21) ​ 1,500 Loans Charged-off ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (5) ​ ​ — ​ (5) Recoveries of Loans ​ ​ 3 ​ ​ — ​ ​ — ​ ​ 281 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ 285 Total Ending Allowance Balance ​ $ 6,348 ​ $ 1 ​ $ 4,469 ​ $ 4,230 ​ $ 16,822 ​ $ 2,027 ​ $ 12,282 ​ $ 163 ​ $ 149 ​ $ 46,491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ The following table presents the activity in the allowance for loan losses, by segment, for the nine months ended September 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ (dollars in thousands) Commercial Program Development Mortgage Multifamil y Occupied Occupied and Other Unallocated Total Nine Months Ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 6,256 ​ $ 13 ​ $ 3,757 ​ $ 3,757 ​ $ 12,610 ​ $ 1,495 ​ $ 11,335 ​ $ 147 ​ $ 650 ​ $ 40,020 Provision for Loan Losses ​ ​ 98 ​ ​ (12) ​ ​ 712 ​ ​ 187 ​ ​ 4,212 ​ ​ 532 ​ ​ 947 ​ ​ 25 ​ ​ (501) ​ 6,200 Loans Charged-off ​ ​ (13) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (21) ​ ​ — ​ (34) Recoveries of Loans ​ ​ 7 ​ ​ — ​ ​ — ​ ​ 286 ​ ​ — ​ ​ — ​ ​ — ​ ​ 12 ​ ​ — ​ 305 Total Ending Allowance Balance ​ $ 6,348 ​ $ 1 ​ $ 4,469 ​ $ 4,230 ​ $ 16,822 ​ $ 2,027 ​ $ 12,282 ​ $ 163 ​ $ 149 ​ $ 46,491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ (dollars in thousands) Commercial Program Development Mortgage Multifamil y Occupied Occupied and Other Unallocated Total Allowance for Loan Losses at September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 12 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 222 ​ $ — ​ $ — ​ $ 234 Collectively Evaluated for Impairment ​ ​ 6,336 ​ ​ 1 ​ ​ 4,469 ​ ​ 4,230 ​ ​ 16,822 ​ ​ 2,027 ​ ​ 12,060 ​ ​ 163 ​ ​ 149 ​ 46,257 Totals ​ $ 6,348 ​ $ 1 ​ $ 4,469 ​ $ 4,230 ​ $ 16,822 ​ $ 2,027 ​ $ 12,282 ​ $ 163 ​ $ 149 ​ $ 46,491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses at December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 607 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 607 Collectively Evaluated for Impairment ​ 5,649 ​ ​ 13 ​ ​ 3,757 ​ ​ 3,757 ​ ​ 12,610 ​ ​ 1,495 ​ ​ 11,335 ​ ​ 147 ​ ​ 650 ​ 39,413 Totals ​ $ 6,256 ​ $ 13 ​ $ 3,757 ​ $ 3,757 ​ $ 12,610 ​ $ 1,495 ​ $ 11,335 ​ $ 147 ​ $ 650 ​ $ 40,020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ (dollars in thousands) Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Total Loans at September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 10,273 ​ $ — ​ $ 110 ​ $ 280 ​ $ — ​ $ 1,667 ​ $ 18,437 ​ $ — ​ $ 30,767 Collectively Evaluated for Impairment ​ 402,175 ​ ​ 1,192 ​ ​ 335,447 ​ ​ 340,822 ​ ​ 1,230,509 ​ ​ 149,421 ​ ​ 882,254 ​ ​ 7,495 ​ 3,349,315 Totals ​ $ 412,448 ​ $ 1,192 ​ $ 335,557 ​ $ 341,102 ​ $ 1,230,509 ​ $ 151,088 ​ $ 900,691 ​ $ 7,495 ​ $ 3,380,082 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 14,512 ​ $ — ​ $ 130 ​ $ 1,390 ​ $ — ​ $ 2,421 ​ $ 4,188 ​ $ — ​ $ 22,641 Collectively Evaluated for Impairment ​ 345,657 ​ ​ 26,162 ​ ​ 281,344 ​ ​ 303,927 ​ ​ 910,243 ​ ​ 108,675 ​ ​ 814,381 ​ ​ 6,442 ​ 2,796,831 Totals ​ $ 360,169 ​ $ 26,162 ​ $ 281,474 ​ $ 305,317 ​ $ 910,243 ​ $ 111,096 ​ $ 818,569 ​ $ 6,442 ​ $ 2,819,472 ​ The following table presents information regarding total carrying amounts and total unpaid principal balances of impaired loans by loan segment as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related (dollars in thousands) Investment Balance Allowance Investment Balance Allowance Loans With No Related Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 10,190 ​ $ 10,190 ​ $ — ​ $ 4,545 ​ $ 4,545 ​ $ — Construction and Land Development ​ ​ 110 ​ ​ 717 ​ ​ — ​ ​ 130 ​ ​ 737 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ — ​ ​ — ​ ​ — ​ 933 ​ 933 ​ — 1st REM - Rentals ​ 280 ​ ​ 280 ​ — ​ 457 ​ ​ 457 ​ — CRE Owner Occupied ​ 1,667 ​ 1,744 ​ — ​ 2,421 ​ 2,466 ​ — CRE Nonowner Occupied ​ ​ 6,302 ​ ​ 6,302 ​ ​ — ​ ​ 4,188 ​ ​ 4,188 ​ ​ — Totals ​ 18,549 ​ 19,233 ​ — ​ 12,674 ​ 13,326 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 83 ​ ​ 83 ​ ​ 12 ​ 9,967 ​ ​ 9,967 ​ ​ 607 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRE Nonowner Occupied ​ ​ 12,135 ​ ​ 12,135 ​ ​ 222 ​ — ​ ​ — ​ ​ — Totals ​ 12,218 ​ 12,218 ​ 234 ​ 9,967 ​ 9,967 ​ 607 Grand Totals ​ $ 30,767 ​ $ 31,451 ​ $ 234 ​ $ 22,641 ​ $ 23,293 ​ $ 607 ​ 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, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2022 2021 ​ 2022 2021 ​ ​ Average ​ Interest ​ Average ​ Interest ​ Average ​ Interest ​ Average ​ Interest (dollars in thousands) ​ Investment Recognized Investment Recognized Investment Recognized Investment Recognized Loans With No Related Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 9,929 ​ $ 187 ​ $ 50 ​ $ 1 ​ $ 11,343 ​ $ 519 ​ $ 50 ​ $ 3 Construction and Land Development ​ ​ 114 ​ ​ — ​ ​ 137 ​ ​ — ​ ​ 120 ​ ​ — ​ ​ 144 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ — ​ ​ — ​ ​ 884 ​ ​ 12 ​ ​ — ​ ​ — ​ ​ 884 ​ ​ 34 1st REM - Rentals ​ 282 ​ ​ 4 ​ ​ 465 ​ ​ 6 ​ 286 ​ ​ 11 ​ ​ 470 ​ ​ 18 CRE Owner Occupied ​ 1,751 ​ ​ 17 ​ ​ 867 ​ ​ 3 ​ 1,762 ​ ​ 49 ​ ​ 868 ​ ​ 9 CRE Nonowner Occupied ​ ​ 6,333 ​ ​ 85 ​ ​ 4,232 ​ ​ 54 ​ ​ 6,431 ​ ​ 249 ​ ​ 4,262 ​ ​ 161 Totals ​ 18,409 ​ 293 ​ 6,635 ​ 76 ​ 19,942 ​ 828 ​ 6,678 ​ 225 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 84 ​ ​ — ​ ​ 1,154 ​ ​ 14 ​ 86 ​ ​ 1 ​ ​ 1,155 ​ ​ 40 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRE Nonowner Occupied ​ ​ 12,135 ​ ​ 127 ​ ​ — ​ ​ — ​ ​ 12,135 ​ ​ 370 ​ ​ — ​ ​ — Totals ​ 12,219 ​ 127 ​ 1,154 ​ 14 ​ 12,221 ​ 371 ​ 1,155 ​ 40 Grand Totals ​ $ 30,628 ​ $ 420 ​ $ 7,789 ​ $ 90 ​ $ 32,163 ​ $ 1,199 ​ $ 7,833 ​ $ 265 ​ 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, 2022 and December 31, 2021, based on the most recent analysis performed by management: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 (dollars in thousands) Pass Watch Substandard Total Commercial ​ $ 396,736 ​ $ 5,439 ​ $ 10,273 ​ $ 412,448 Paycheck Protection Program ​ ​ 1,192 ​ ​ — ​ ​ — ​ ​ 1,192 Construction and Land Development ​ 335,447 ​ ​ — ​ ​ 110 ​ 335,557 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 29,981 ​ ​ — ​ ​ — ​ 29,981 1st REM - 1-4 Family ​ 51,246 ​ ​ 678 ​ ​ — ​ 51,924 LOCs and 2nd REM - Rentals ​ 25,164 ​ ​ 10 ​ ​ — ​ 25,174 1st REM - Rentals ​ 233,743 ​ ​ — ​ ​ 280 ​ 234,023 Multifamily ​ 1,230,509 ​ ​ — ​ ​ — ​ 1,230,509 CRE Owner Occupied ​ 149,421 ​ ​ — ​ ​ 1,667 ​ 151,088 CRE Nonowner Occupied ​ ​ 865,622 ​ ​ 16,632 ​ ​ 18,437 ​ ​ 900,691 Consumer and Other ​ 7,495 ​ ​ — ​ ​ — ​ 7,495 Totals ​ $ 3,326,556 ​ $ 22,759 ​ $ 30,767 ​ $ 3,380,082 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 (dollars in thousands) Pass Watch Substandard Total Commercial ​ $ 336,939 ​ $ 8,718 ​ $ 14,512 ​ $ 360,169 Paycheck Protection Program ​ ​ 26,162 ​ ​ — ​ ​ — ​ ​ 26,162 Construction and Land Development ​ 281,344 ​ ​ — ​ ​ 130 ​ 281,474 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 30,327 ​ ​ — ​ ​ 933 ​ 31,260 1st REM - 1-4 Family ​ 48,024 ​ ​ 689 ​ ​ — ​ 48,713 LOCs and 2nd REM - Rentals ​ 21,625 ​ ​ 16 ​ ​ — ​ 21,641 1st REM - Rentals ​ 203,246 ​ ​ — ​ ​ 457 ​ 203,703 Multifamily ​ 910,243 ​ ​ — ​ ​ — ​ 910,243 CRE Owner Occupied ​ 108,675 ​ ​ — ​ ​ 2,421 ​ 111,096 CRE Nonowner Occupied ​ ​ 774,474 ​ ​ 39,907 ​ ​ 4,188 ​ ​ 818,569 Consumer and Other ​ 6,442 ​ ​ — ​ ​ — ​ 6,442 Totals ​ $ 2,747,501 ​ $ 49,330 ​ $ 22,641 ​ $ 2,819,472 ​ The following tables present the aging of the recorded investment in past due loans by loan segment as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ (dollars in thousands) Current Past Due More Past Due Nonaccrual Total September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 412,448 ​ $ — ​ $ — ​ $ — ​ $ 412,448 Paycheck Protection Program ​ ​ 1,155 ​ ​ 37 ​ ​ — ​ ​ — ​ ​ 1,192 Construction and Land Development ​ 335,447 ​ ​ — ​ ​ — ​ ​ 110 ​ 335,557 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 29,981 ​ ​ — ​ ​ — ​ ​ — ​ 29,981 1st REM - 1-4 Family ​ 51,924 ​ ​ — ​ ​ — ​ ​ — ​ 51,924 LOCs and 2nd REM - Rentals ​ 25,174 ​ ​ — ​ ​ — ​ ​ — ​ 25,174 1st REM - Rentals ​ 234,023 ​ ​ — ​ ​ — ​ ​ — ​ 234,023 Multifamily ​ 1,230,509 ​ ​ — ​ ​ — ​ ​ — ​ 1,230,509 CRE Owner Occupied ​ 150,535 ​ ​ — ​ ​ — ​ ​ 553 ​ 151,088 CRE Nonowner Occupied ​ 900,691 ​ ​ — ​ ​ — ​ ​ — ​ 900,691 Consumer and Other ​ 7,494 ​ ​ 1 ​ ​ — ​ ​ — ​ 7,495 Totals ​ $ 3,379,381 ​ $ 38 ​ $ — ​ $ 663 ​ $ 3,380,082 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ (dollars in thousands) Current Past Due More Past Due Nonaccrual Total December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 360,169 ​ $ — ​ $ — ​ $ — ​ $ 360,169 Paycheck Protection Program ​ ​ 26,162 ​ ​ — ​ ​ — ​ ​ — ​ ​ 26,162 Construction and Land Development ​ 281,344 ​ ​ — ​ ​ — ​ ​ 130 ​ 281,474 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 31,211 ​ ​ 49 ​ ​ — ​ ​ — ​ 31,260 1st REM - 1-4 Family ​ 48,713 ​ ​ — ​ ​ — ​ ​ — ​ 48,713 LOCs and 2nd REM - Rentals ​ 21,641 ​ ​ — ​ ​ — ​ ​ — ​ 21,641 1st REM - Rentals ​ 203,703 ​ ​ — ​ ​ — ​ ​ — ​ 203,703 Multifamily ​ 910,243 ​ ​ — ​ ​ — ​ ​ — ​ 910,243 CRE Owner Occupied ​ 110,504 ​ ​ — ​ ​ — ​ ​ 592 ​ 111,096 CRE Nonowner Occupied ​ 818,569 ​ ​ — ​ ​ — ​ ​ — ​ 818,569 Consumer and Other ​ 6,442 ​ ​ — ​ ​ — ​ ​ — ​ 6,442 Totals ​ $ 2,818,701 ​ $ 49 ​ $ — ​ $ 722 ​ $ 2,819,472 ​ At September 30, 2022, there were two loans classified as troubled debt restructurings with total aggregate outstanding balances of $193,000. In comparison, at December 31, 2021, there were four loans classified as troubled debt restructurings with total aggregate outstanding balances of $1.4 million. There were no new loans classified as troubled debt restructurings during the nine month period ended September 30, 2022 and no loans classified as troubled debt restructurings during the previous twelve months subsequently defaulted during the nine months ended September 30, 2022. ​ 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, made before January 1, 2022, 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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-Only ​ Extended Amortization ​ Total (dollars in thousands) Amount # of Loans Amount # of Loans Amount # of Loans Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRE Nonowner Occupied ​ $ 10,623 ​ 1 ​ $ — ​ — ​ $ 10,623 ​ 1 Totals ​ $ 10,623 ​ 1 ​ $ — ​ — ​ $ 10,623 ​ 1 ​

Deposits

Deposits	9 Months Ended
	Sep. 30, 2022
Deposits.
Deposits	Note 5: Deposits The following table presents the composition of deposits at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (dollars in thousands) 2022 2021 Transaction Deposits ​ $ 1,471,480 ​ $ 1,419,873 Savings and Money Market Deposits ​ 1,077,333 ​ 863,567 Time Deposits ​ 293,052 ​ 293,474 Brokered Deposits ​ 463,209 ​ 369,323 Totals ​ $ 3,305,074 ​ $ 2,946,237 ​ ​ ​ ​ ​ Brokered deposits contain brokered transaction and money market accounts of $195.7 million and $131.2 million as of September 30, 2022 and December 31, 2021, respectively. ​ The following table presents the scheduled maturities of brokered and customer time deposits at September 30, 2022: ​ ​ ​ ​ ​ ​ ​ September 30, (dollars in thousands) 2022 Less than 1 Year ​ $ 222,981 1 to 2 Years ​ ​ 103,232 2 to 3 Years ​ ​ 114,268 3 to 4 Years ​ ​ 74,726 4 to 5 Years ​ ​ 28,391 Greater than 5 Years ​ ​ 17,000 Totals ​ $ 560,598 ​ The aggregate amount of time deposits greater than $250,000 was approximately $100.0 million and $59.6 million at September 30, 2022 and December 31, 2021, respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities	Note 6: 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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated (dollars in thousands) ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 65,618 ​ $ 8,492 ​ $ 49,101 ​ $ 641 Liabilities ​ 65,618 ​ (8,492) ​ 49,101 ​ (641) Total ​ $ 131,236 ​ $ — ​ $ 98,202 ​ $ — ​ 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 deposit and wholesale borrowing portfolios. During the next 12 months, the Company estimates that $3.4 million will be reclassified to interest expense, as a reduction of the expense. ​ The following table presents a summary of the Company’s interest rate swaps designated as cash flow hedges as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) September 30, 2022 December 31, 2021 ​ Notional Amount ​ $ 125,000 ​ $ 125,000 ​ Weighted Average Pay Rate ​ ​ 1.23 % ​ 1.27 % Weighted Average Receive Rate ​ ​ 2.24 % ​ 0.14 % Weighted Average Maturity (Years) ​ ​ 3.02 ​ ​ 3.76 ​ Net Unrealized Gain ​ $ 10,834 ​ $ 791 ​ ​ The Company purchases interest rate caps, designated as cash flow hedges, of certain deposit liabilities. The interest rate caps require receipt of variable amounts from the counterparties when interest rates rise above the strike price in the contracts. For the nine months ended September 30, 2022 and 2021, the company recognized amortization expense on the interest rate caps of $574,000 and $212,000, respectively, which was recorded as a component of interest expense on brokered deposits and FHLB advances. ​ The following table presents a summary of the Company’s interest rate caps designated as cash flow hedges as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) September 30, 2022 December 31, 2021 ​ Notional Amount ​ $ 125,000 ​ $ 110,000 ​ Unamortized Premium Paid ​ ​ 6,070 ​ ​ 5,859 ​ Weighted Average Strike Rate ​ ​ 0.96 % ​ 0.90 % Weighted Average Maturity (Years) ​ ​ 7.60 ​ ​ 8.72 ​ ​ The following table presents a summary of the Company’s interest rate contracts as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated (dollars in thousands) ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 125,000 ​ $ 10,834 ​ $ 90,000 ​ $ 1,717 Liabilities ​ ​ — ​ ​ — ​ ​ 35,000 ​ ​ (926) Interest rate cap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ 125,000 ​ ​ 19,203 ​ ​ 110,000 ​ ​ 7,356 ​ 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, 2022 and December 31, 2021, the Company pledged cash collateral for the Company’s derivative contracts of $0 and $370,000, respectively. In addition, as of September 30, 2022 and December 31, 2021, the Company's counterparties pledged cash collateral to the Company of $38.2 million and $8.6 million, 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, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (dollars in thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 Derivatives in ​ Location of Gain (Loss) ​ Gain (Loss) ​ Loss Cash Flow Hedging ​ Reclassified ​ Reclassified from ​ Reclassified from Relationships ​ from AOCI into Income ​ AOCI into Earnings ​ AOCI into Earnings Interest rate swaps ​ Interest expense ​ $ 288 ​ $ (290) ​ $ (24) ​ $ (827) Interest rate caps ​ Interest expense ​ ​ (169) ​ ​ (116) ​ ​ (539) ​ ​ (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, 2022 and 2021, 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.

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	9 Months Ended
	Sep. 30, 2022
Federal Home Loan Bank Advances and Other Borrowings
Federal Home Loan Bank Advances and Other Borrowings	Note 7: Federal Home Loan Bank Advances and Other Borrowings Federal Home Loan Bank Advances. The Company has entered into an Advances, Pledge, and Security Agreement with the FHLB whereby specific mortgage loans of the Bank with principal balances of The following table presents FHLB advances, by maturity, at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ Weighted ​ Weighted ​ ​ ​ Average ​ Total ​ Average ​ Total (dollars in thousands) ​ Rate ​ Outstanding ​ Rate ​ Outstanding Less than 1 Year ​ 2.83 % $ 55,000 ​ — % $ — 1 to 2 Years ​ 1.29 ​ ​ 7,500 ​ — ​ ​ — 2 to 3 Years ​ 1.22 ​ ​ 5,000 ​ 1.66 ​ ​ 22,500 3 to 4 Years ​ — ​ ​ — ​ 1.22 ​ ​ 16,000 4 to 5 Years ​ 0.78 ​ ​ 4,000 ​ 0.78 ​ ​ 4,000 Totals ​ ​ ​ $ 71,500 ​ ​ ​ $ 42,500 ​ Line of Credit. On September 1, 2022, the Company entered into a second amendment to the agreement which increased the maximum principal amount of the Company’s revolving line of credit from $25.0 million to $40.0 million and extended the maturity date from February 28, 2023 to September 1, 2024. As of September 30, 2022 and December 31, 2021, there were no outstanding balances under the revolving line of credit. ​

Subordinated Debentures

Subordinated Debentures	9 Months Ended
	Sep. 30, 2022
Subordinated Debentures
Subordinated Debentures	Note 8: Subordinated Debentures The following table presents a summary of the Company’s subordinated debentures as of September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Debt ​ ​ Total Debt ​ ​ ​ ​ ​ ​ ​ Date ​ First ​ Maturity ​ Outstanding ​ ​ Outstanding ​ Interest ​ ​ ​ Name ​ Established ​ Redemption Date ​ Date ​ September 30, 2022 ​ ​ December 31, 2021 ​ Rate ​ ​ Coupon Structure (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2027 Notes ​ July 12, 2017 ​ July 15, 2022 ​ July 15, 2027 $ 13,750 ​ $ 13,750 ​ 6.62 % ​ Fixed-to-Floating (1) 2030 Notes ​ June 19, 2020 ​ July 1, 2025 ​ July 1, 2030 ​ 50,000 ​ ​ 50,000 ​ 5.25 % ​ Fixed-to-Floating (2) 2031 Notes ​ July 8, 2021 ​ July 15, 2026 ​ July 15, 2031 ​ 30,000 ​ ​ 30,000 ​ 3.25 % ​ Fixed-to-Floating (3) Subordinated Debentures ​ ​ ​ ​ ​ ​ ​ 93,750 ​ ​ 93,750 ​ ​ ​ ​ ​ Debt Issuance Costs ​ ​ ​ ​ ​ ​ ​ (1,191) ​ ​ (1,511) ​ ​ ​ ​ ​ Subordinated Debentures, Net of Issuance Costs ​ ​ ​ ​ ​ ​ $ 92,559 ​ $ 92,239 ​ ​ ​ ​ ​ (1) Three month LIBOR (as determined on July 15, 2022) + 3.88% beginning July 15, 2022 until either the early redemption date or the maturity date. (2) Migrates to three month term SOFR + 5.13% beginning July 1, 2025 until either the early redemption date or the maturity date. (3) Migrates to three month term SOFR + 2.52% beginning July 15, 2026 until either the early redemption date or the maturity date.

Commitments, Contingencies and

Commitments, Contingencies and Credit Risk	9 Months Ended
	Sep. 30, 2022
Commitments, Contingencies and Credit Risk
Commitments, Contingencies and Credit Risk	Note 9: 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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (dollars in thousands) 2022 2021 Unfunded Commitments Under Lines of Credit ​ $ 837,708 ​ $ 799,148 Letters of Credit ​ 122,438 ​ 119,647 Totals ​ $ 960,146 ​ $ 918,795 ​ The Company had outstanding letters of credit with the FHLB in total amounts of $95.7 million and $36.5 million at September 30, 2022 and December 31, 2021, 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, 2022
Stock Options and Restricted Stock
Stock Options and Restricted Stock	Note 10: Stock Options and Restricted Stock In 2012, the Company adopted the Bridgewater Bancshares, Inc. 2012 Combined Incentive and Non-Statutory Stock Option Plan (the “2012 Plan”) under which the Company was able to 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 were 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. The 2012 Plan expired in March 2022, and awards are no longer able to be granted 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”). Under the 2019 EIP, the Company may grant 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, 2022 and December 31, 2021, there were 346,247 and 352,575 shares, respectively, 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, 2022, are as follows: ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2022 Dividend Yield — % Expected Life 7 Years Expected Volatility 24.71 % Risk-Free Interest Rate 1.70 % ​ The following table presents a summary of the status of the Company’s stock option grants for the nine months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ Weighted ​ ​ ​ ​ Average ​ ​ Shares ​ Exercise Price Outstanding at Beginning of Year 1,768,745 ​ $ 7.67 Granted 290,000 ​ 17.50 Exercised (28,000) ​ 3.81 Forfeitures (12,000) ​ 14.77 Outstanding at Period End 2,018,745 ​ $ 9.10 ​ ​ ​ ​ ​ ​ Options Exercisable at Period End 1,348,470 ​ $ 7.06 ​ For the three months ended September 30, 2022 and 2021, the Company recognized compensation expense for stock options of $326,000 and $234,000, respectively. For the nine months ended September 30, 2022 and 2021, the Company recognized compensation expense for stock options of $926,000 and $686,000, respectively. The following table presents information pertaining to options outstanding at September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 - 3.99 384,000 ​ $ 3.04 ​ 1.3 384,000 $ 3.04 ​ 7.00 - 7.99 926,717 ​ 7.47 5.0 733,317 ​ 7.47 ​ 8.00 - 8.99 20,000 ​ 8.76 7.5 7,500 ​ 8.76 ​ 10.00 - 10.99 ​ 10,000 ​ ​ 10.08 ​ 7.7 ​ 5,000 ​ ​ 10.08 ​ 11.00 - 11.99 ​ 85,000 ​ ​ 11.27 ​ 6.6 ​ 51,000 ​ ​ 11.27 ​ 12.00 - 12.99 ​ 267,528 ​ ​ 12.90 ​ 6.9 ​ 145,028 ​ ​ 12.90 ​ 13.00 - 13.99 ​ 25,000 ​ ​ 13.22 ​ 5.6 ​ 20,000 ​ ​ 13.22 ​ 17.00 - 17.99 ​ 300,500 ​ ​ 17.50 ​ 9.3 ​ 2,625 ​ ​ 17.49 ​ Totals 2,018,745 ​ $ 9.10 ​ 5.3 1,348,470 ​ $ 7.06 ​ As of September 30, 2022, there was $1.8 million 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 2.8 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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Options at December 31, 2021 435,900 ​ $ 3.43 Granted 290,000 ​ ​ 5.28 Vested (43,625) ​ ​ 3.95 Forfeited ​ (12,000) ​ ​ 5.12 Nonvested Options at September 30, 2022 670,275 ​ $ 4.17 ​ 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, 2022: ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Awards at December 31, 2021 75,113 ​ $ 12.59 Granted — ​ ​ — Vested (2,786) ​ ​ 10.32 Forfeited ​ (1,000) ​ ​ 12.92 Nonvested Awards at September 30, 2022 71,327 ​ $ 12.68 ​ 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, 2022 and 2021, the Company recognized compensation expense for restricted stock awards of $113,000 and $115,000, respectively. For the nine months ended September 30, 2022 and 2021, the Company recognized compensation expense for restricted stock awards of $335,000 and $340,000, respectively. As of September 30, 2022, there was $546,000 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 1.2 years. In addition, during the nine months ended September 30, 2022, the Company issued 14,400 shares of unrestricted common stock to non-employee directors, or their designee, 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 non-employee directors, or their designee, of $236,000 was included in stock based compensation expense in the accompanying consolidated statements of shareholders’ equity. Restricted Stock Units In 2020, the Company began granting 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, 2022: ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Units ​ Date Fair Value Nonvested Units at December 31, 2021 344,908 ​ $ 15.02 Granted 2,500 ​ ​ 17.50 Vested (5,100) ​ ​ 15.67 Forfeited ​ (9,572) ​ ​ 15.12 Nonvested Units at September 30, 2022 332,736 ​ $ 15.02 ​ 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, 2022 and 2021, the Company recognized compensation expense for restricted stock units of $358,000 and $179,000, respectively. For the nine months ended September 30, 2022 and 2021, the Company recognized compensation expense for restricted stock units of $1.1 million and $499,000, respectively. As of September 30, 2022, there was $3.9 million 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 2.8 years.

Regulatory Capital

Regulatory Capital	9 Months Ended
	Sep. 30, 2022
Regulatory Capital
Regulatory Capital	Note 11: 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, on a consolidated basis, and the Bank as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Required ​ For Capital Adequacy ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ For Capital Adequacy ​ Purposes Plus Capital ​ Under Prompt Corrective ​ ​ ​ Actual ​ Purposes ​ Conservation Buffer ​ Action Regulations ​ (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 535,184 ​ 13.78 % $ 310,810 ​ 8.00 % $ 407,939 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-based Capital ​ ​ 395,765 ​ 10.19 ​ ​ 233,108 ​ 6.00 ​ ​ 330,236 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 329,251 ​ 8.47 ​ ​ 174,831 ​ 4.50 ​ ​ 271,959 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 395,765 ​ 9.98 ​ ​ 158,647 ​ 4.00 ​ ​ 158,647 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 491,982 ​ 12.67 % $ 310,689 ​ 8.00 % $ 407,779 ​ 10.50 % $ 388,361 ​ 10.00 % Tier 1 Risk-based Capital ​ ​ 445,131 ​ 11.46 ​ ​ 233,017 ​ 6.00 ​ ​ 330,107 ​ 8.50 ​ ​ 310,689 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 445,131 ​ 11.46 ​ ​ 174,762 ​ 4.50 ​ ​ 271,853 ​ 7.00 ​ ​ 252,435 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 445,131 ​ 11.24 ​ ​ 158,453 ​ 4.00 ​ ​ 158,453 ​ 4.00 ​ ​ 198,067 ​ 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 ​ (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 499,554 ​ 15.55 % $ 256,966 ​ 8.00 % $ 337,268 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-based Capital ​ ​ 367,161 ​ 11.43 ​ ​ 192,725 ​ 6.00 ​ ​ 273,027 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 300,647 ​ 9.36 ​ ​ 144,543 ​ 4.50 ​ ​ 224,845 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 367,161 ​ 10.82 ​ ​ 135,723 ​ 4.00 ​ ​ 135,723 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 415,848 ​ 12.94 % $ 257,005 ​ 8.00 % $ 337,319 ​ 10.50 % $ 321,256 ​ 10.00 % Tier 1 Risk-based Capital ​ ​ 375,688 ​ 11.69 ​ ​ 192,754 ​ 6.00 ​ ​ 273,068 ​ 8.50 ​ ​ 257,005 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 375,688 ​ 11.69 ​ ​ 144,565 ​ 4.50 ​ ​ 224,879 ​ 7.00 ​ ​ 208,816 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 375,688 ​ 11.09 ​ ​ 135,508 ​ 4.00 ​ ​ 135,508 ​ 4.00 ​ ​ 169,386 ​ 5.00 ​ ​ The Company and the Bank must maintain a capital conservation buffer, as defined by regulatory 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, 2022
Fair Value Measurement
Fair Value Measurement	Note 12: 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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,338 ​ $ — ​ $ — ​ $ 2,338 Municipal Bonds ​ ​ — ​ ​ 170,236 ​ ​ — ​ ​ 170,236 Mortgage-Backed Securities ​ ​ — ​ ​ 191,585 ​ ​ — ​ ​ 191,585 Corporate Securities ​ ​ — ​ ​ 108,060 ​ ​ — ​ ​ 108,060 SBA Securities ​ ​ — ​ ​ 22,540 ​ ​ — ​ ​ 22,540 Asset-Backed Securities ​ ​ — ​ ​ 47,248 ​ ​ — ​ ​ 47,248 Interest Rate Caps ​ ​ — ​ ​ 19,203 ​ ​ — ​ ​ 19,203 Interest Rate Swaps ​ ​ — ​ ​ 19,326 ​ ​ — ​ ​ 19,326 Total Fair Value of Financial Assets ​ $ 2,338 ​ $ 578,198 ​ $ — ​ $ 580,536 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 8,492 ​ $ — ​ $ 8,492 Total Fair Value of Financial Liabilities ​ $ — ​ $ 8,492 ​ $ — ​ $ 8,492 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 (dollars in thousands) Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 754 ​ $ — ​ $ — ​ $ 754 Municipal Bonds ​ ​ — ​ ​ 158,369 ​ ​ — ​ ​ 158,369 Mortgage-Backed Securities ​ ​ — ​ ​ 124,537 ​ ​ — ​ ​ 124,537 Corporate Securities ​ ​ — ​ ​ 84,480 ​ ​ — ​ ​ 84,480 SBA Securities ​ ​ — ​ ​ 30,370 ​ ​ — ​ ​ 30,370 Asset-Backed Securities ​ ​ — ​ ​ 40,852 ​ ​ — ​ ​ 40,852 Interest Rate Caps ​ ​ — ​ ​ 7,356 ​ ​ — ​ ​ 7,356 Interest Rate Swaps ​ ​ — ​ ​ 2,358 ​ ​ — ​ ​ 2,358 Total Fair Value of Financial Assets ​ $ 754 ​ $ 448,322 ​ $ — ​ $ 449,076 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 1,567 ​ $ — ​ $ 1,567 Total Fair Value of Financial Liabilities ​ $ — ​ $ 1,567 ​ $ — ​ $ 1,567 ​ 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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 11,984 ​ $ — ​ $ 234 Totals ​ $ — ​ $ 11,984 ​ $ — ​ $ 234 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 (dollars in thousands) Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 9,360 ​ $ — ​ $ 625 Totals ​ $ — ​ $ 9,360 ​ $ — ​ $ 625 ​ 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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated (dollars in thousands) Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 75,496 ​ $ 75,496 ​ $ — ​ $ — ​ $ 75,496 Bank-Owned Certificates of Deposit ​ ​ 1,182 ​ ​ — ​ ​ 1,168 ​ ​ — ​ ​ 1,168 Securities Available for Sale ​ ​ 542,007 ​ ​ 2,338 ​ ​ 539,669 ​ ​ — ​ ​ 542,007 FHLB Stock, at Cost ​ ​ 15,603 ​ ​ — ​ ​ 15,603 ​ ​ — ​ ​ 15,603 Loans, Net ​ ​ 3,324,503 ​ ​ — ​ ​ 3,199,676 ​ ​ — ​ ​ 3,199,676 Accrued Interest Receivable ​ ​ 11,198 ​ ​ — ​ ​ 11,198 ​ ​ — ​ ​ 11,198 Interest Rate Caps ​ ​ 19,203 ​ ​ — ​ ​ 19,203 ​ ​ — ​ ​ 19,203 Interest Rate Swaps ​ ​ 19,326 ​ ​ — ​ ​ 19,326 ​ ​ — ​ ​ 19,326 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 3,305,073 ​ $ — ​ $ 3,275,575 ​ $ — ​ $ 3,275,575 Federal Funds Purchased ​ ​ 212,000 ​ ​ — ​ ​ 212,000 ​ ​ — ​ ​ 212,000 FHLB Advances ​ ​ 71,500 ​ ​ — ​ ​ 70,336 ​ ​ — ​ ​ 70,336 Subordinated Debentures ​ ​ 92,559 ​ ​ — ​ ​ 89,674 ​ ​ — ​ ​ 89,674 Accrued Interest Payable ​ ​ 2,214 ​ ​ — ​ ​ 2,214 ​ ​ — ​ ​ 2,214 Interest Rate Swaps ​ ​ 8,492 ​ ​ — ​ ​ 8,492 ​ ​ — ​ ​ 8,492 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated (dollars in thousands) Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 143,473 ​ $ 143,473 ​ $ — ​ $ — ​ $ 143,473 Bank-Owned Certificates of Deposit ​ ​ 1,876 ​ ​ — ​ ​ 1,884 ​ ​ — ​ ​ 1,884 Securities Available for Sale ​ ​ 439,362 ​ ​ 754 ​ ​ 438,608 ​ ​ — ​ ​ 439,362 FHLB Stock, at Cost ​ ​ 5,242 ​ ​ — ​ ​ 5,242 ​ ​ — ​ ​ 5,242 Loans, Net ​ ​ 2,769,917 ​ ​ — ​ ​ 2,726,417 ​ ​ — ​ ​ 2,726,417 Accrued Interest Receivable ​ ​ 9,186 ​ ​ — ​ ​ 9,186 ​ ​ — ​ ​ 9,186 Interest Rate Caps ​ ​ 7,356 ​ ​ — ​ ​ 7,356 ​ ​ — ​ ​ 7,356 Interest Rate Swaps ​ ​ 2,358 ​ ​ — ​ ​ 2,358 ​ ​ — ​ ​ 2,358 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,946,237 ​ $ — ​ $ 2,931,215 ​ $ — ​ $ 2,931,215 FHLB Advances ​ ​ 42,500 ​ ​ — ​ ​ 42,515 ​ ​ — ​ ​ 42,515 Subordinated Debentures ​ ​ 92,239 ​ ​ — ​ ​ 97,700 ​ ​ — ​ ​ 97,700 Accrued Interest Payable ​ ​ 1,409 ​ ​ — ​ ​ 1,409 ​ ​ — ​ ​ 1,409 Interest Rate Swaps ​ ​ 1,567 ​ ​ — ​ ​ 1,567 ​ ​ — ​ ​ 1,567 ​ 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 FHLB advances Subordinated debentures Accrued interest payable Off-balance sheet instruments Limitations

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2022
Subsequent Events
Subsequent Events	Note 13: Subsequent Events On October 15, 2022, the Company elected to redeem the outstanding 2027 Notes in the aggregate principal amount of $13.8 million and made all payments of principal and interest due on the 2027 Notes on October 17, 2022. Concurrently, the Company drew on its revolving line of credit with a correspondent lender in the amount of $13.8 million. On October 25, 2022, the Company’s Board of Directors declared a quarterly cash dividend of $36.72 per share ($0.3672 per depositary share) on its 5.875% Non-Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Stock”), payable on December 1, 2022, to shareholders of record on the Series A Preferred Stock at the close of business on November 15, 2022.

Description of the Business a_2

Description of the Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
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, 2022 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 8, 2022.
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 rising inflation and ongoing 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 Issued Accounting Guidance In March 2022, the FASB issued ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures. This ASU updates guidance in Topic 326 to eliminate the accounting guidance for TDRs by creditors in Subtopic 310-40, Receivables – Troubled Debt Restructurings by Creditors, while enhancing disclosure requirements for certain loan refinancing and restructuring activities by creditors when a borrower is experiencing financial difficulty. Additionally, the amendments to ASC 326 require that an entity disclose current period gross write offs by year of origination within the vintage disclosures, which requires that an entity disclose the amortized cost basis of financing receivables by credit quality indicator and class of financing receivables by year of origination. ASU 2022-02 is effective for fiscal years beginning after December 15, 2022 for companies that have adopted CECL, including interim periods within those fiscal years, with early adoption permitted. ​ In June 2016, the FASB issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Codification Improvements to Topic 326, Financial Instruments Credit Losses Financial Instruments Credit Losses – Targeted Transition Relief Codification Improvements to Topic 326, Financial Instruments – Credit Losses varying degrees depending on the credit quality of the assets held by the entity, the duration of the assets held, and how the entity applies the current incurred loss methodology. In November 2019, the FASB issued ASU 2019-10, Financial Instruments — Credit Losses (Topic 326), Derivatives and Hedging (815), and Leases (Topic 842) – Effective Dates. he Company is required to implement by January 1, 2023 and is currently evaluating the impact on its consolidated financial statements.
Subsequent Events	Subsequent Events ​ Subsequent events have been evaluated through November 3, 2022, 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, 2022
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, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, (dollars in thousands, except per share data) 2022 2021 2022 2021 Net Income Available to Common Shareholders ​ $ 13,500 ​ $ 11,509 ​ $ 36,617 ​ $ 33,173 Weighted Average Common Stock Outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Common Stock Outstanding (Basic) ​ ​ 27,520,117 ​ ​ 28,047,280 ​ ​ 27,825,517 ​ ​ 28,035,246 Dilutive Effect of Stock Compensation ​ ​ 1,072,737 ​ ​ 1,063,267 ​ ​ 1,057,184 ​ ​ 1,042,604 Weighted Average Common Stock Outstanding (Dilutive) ​ ​ 28,592,854 ​ ​ 29,110,547 ​ ​ 28,882,701 ​ ​ 29,077,850 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Earnings per Common Share ​ $ 0.49 ​ $ 0.41 ​ $ 1.32 ​ $ 1.18 Diluted Earnings per Common Share ​ ​ 0.47 ​ ​ 0.40 ​ ​ 1.27 ​ ​ 1.14

Securities (Tables)

Securities (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ (dollars in thousands) Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,374 ​ $ — ​ $ (36) ​ $ 2,338 Municipal Bonds ​ ​ 196,102 ​ ​ 54 ​ ​ (25,920) ​ ​ 170,236 Mortgage-Backed Securities ​ 207,973 ​ 8 ​ (16,396) ​ 191,585 Corporate Securities ​ 113,041 ​ 39 ​ (5,020) ​ 108,060 SBA Securities ​ 22,585 ​ ​ 96 ​ ​ (141) ​ ​ 22,540 Asset-Backed Securities ​ ​ 47,359 ​ ​ 348 ​ ​ (459) ​ ​ 47,248 Total Securities Available for Sale ​ $ 589,434 ​ $ 545 ​ $ (47,972) ​ $ 542,007 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ (dollars in thousands) Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 756 ​ $ — ​ $ (2) ​ $ 754 Municipal Bonds ​ ​ 151,665 ​ 7,492 ​ (788) ​ ​ 158,369 Mortgage-Backed Securities ​ 125,563 ​ 1,085 ​ (2,111) ​ 124,537 Corporate Securities ​ 81,925 ​ ​ 2,740 ​ ​ (185) ​ 84,480 SBA Securities ​ 30,474 ​ ​ 102 ​ ​ (206) ​ 30,370 Asset-Backed Securities ​ ​ 39,867 ​ ​ 1,044 ​ ​ (59) ​ ​ 40,852 Total Securities Available for Sale ​ $ 430,250 ​ $ 12,463 ​ $ (3,351) ​ $ 439,362
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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,338 ​ $ (36) ​ $ — ​ $ — ​ $ 2,338 ​ $ (36) Municipal Bonds ​ ​ 135,714 ​ ​ (16,465) ​ ​ 31,839 ​ ​ (9,455) ​ ​ 167,553 ​ ​ (25,920) Mortgage-Backed Securities ​ ​ 125,805 ​ ​ (6,300) ​ ​ 54,041 ​ ​ (10,096) ​ 179,846 ​ (16,396) Corporate Securities ​ ​ 93,186 ​ ​ (4,098) ​ ​ 9,549 ​ ​ (922) ​ 102,735 ​ (5,020) SBA Securities ​ ​ 1,071 ​ ​ (2) ​ ​ 10,645 ​ ​ (139) ​ 11,716 ​ (141) Asset-Backed Securities ​ ​ 24,382 ​ ​ (330) ​ ​ 2,900 ​ ​ (129) ​ ​ 27,282 ​ ​ (459) Total Securities Available for Sale ​ $ 382,496 ​ $ (27,231) ​ $ 108,974 ​ $ (20,741) ​ $ 491,470 ​ $ (47,972) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Less Than 12 Months ​ 12 Months or Greater ​ Total ​ ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized ​ ​ ​ ​ Unrealized (dollars in thousands) Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 754 ​ $ (2) ​ $ — ​ $ — ​ $ 754 ​ $ (2) Municipal Bonds ​ ​ 44,332 ​ ​ (708) ​ ​ 3,757 ​ ​ (80) ​ ​ 48,089 ​ ​ (788) Mortgage-Backed Securities ​ 36,921 ​ ​ (630) ​ ​ 35,949 ​ ​ (1,481) ​ 72,870 ​ (2,111) Corporate Securities ​ 9,398 ​ ​ (133) ​ ​ 1,948 ​ ​ (52) ​ 11,346 ​ (185) SBA Securities ​ 3,896 ​ ​ (7) ​ ​ 16,297 ​ ​ (199) ​ 20,193 ​ (206) Asset-Backed Securities ​ ​ 6,742 ​ ​ (59) ​ ​ — ​ ​ — ​ ​ 6,742 ​ ​ (59) Total Securities Available for Sale ​ $ 102,043 ​ $ (1,539) ​ $ 57,951 ​ $ (1,812) ​ $ 159,994 ​ $ (3,351)
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, 2022. Call date is used when a call of the debt security is expected, as 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. ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Amortized Cost Fair Value September 30, 2022 ​ ​ ​ ​ ​ ​ Due in One Year or Less ​ $ 2,692 ​ $ 2,665 Due After One Year Through Five Years ​ 35,380 ​ 34,227 Due After Five Years Through 10 Years ​ 158,065 ​ 146,852 Due After 10 Years ​ 115,380 ​ 96,890 Subtotal ​ 311,517 ​ 280,634 Mortgage-Backed Securities ​ 207,973 ​ 191,585 SBA Securities ​ 22,585 ​ 22,540 Asset-Backed Securities ​ ​ 47,359 ​ ​ 47,248 Totals ​ $ 589,434 ​ $ 542,007
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, 2022 and September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended ​ Nine Months Ended ​ ​ September 30, ​ September 30, (dollars in thousands) 2022 2021 2022 2021 Proceeds From Sales of Securities ​ $ — ​ $ 4,119 ​ $ 25,066 ​ $ 11,877 Gross Gains on Sales ​ — ​ 498 ​ 234 ​ 1,200 Gross Losses on Sales ​ — ​ (450) ​ (182) ​ (450)

Loans (Tables)

Loans (Tables)	9 Months Ended
	Sep. 30, 2022
Loans
Summary of components of loans	The following table presents the components of the loan portfolio at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (dollars in thousands) 2022 2021 Commercial ​ $ 412,448 ​ $ 360,169 Paycheck Protection Program ​ ​ 1,192 ​ ​ 26,162 Construction and Land Development ​ 335,557 ​ 281,474 Real Estate Mortgage: ​ ​ ​ ​ 1-4 Family Mortgage ​ 341,102 ​ 305,317 Multifamily ​ 1,230,509 ​ 910,243 CRE Owner Occupied ​ ​ 151,088 ​ ​ 111,096 CRE Nonowner Occupied ​ ​ 900,691 ​ ​ 818,569 Total Real Estate Mortgage Loans ​ ​ 2,623,390 ​ ​ 2,145,225 Consumer and Other ​ ​ 7,495 ​ ​ 6,442 Total Loans, Gross ​ 3,380,082 ​ 2,819,472 Allowance for Loan Losses ​ (46,491) ​ (40,020) Net Deferred Loan Fees ​ (9,088) ​ (9,535) Total Loans, Net ​ $ 3,324,503 ​ $ 2,769,917
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, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ Commercial Program Development Mortgage Multifamil y Occupied Occupied and Other Unallocated Total Three Months Ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 6,275 ​ $ 2 ​ $ 4,772 ​ $ 4,206 ​ $ 14,977 ​ $ 1,920 ​ $ 12,235 ​ $ 154 ​ $ 170 ​ $ 44,711 Provision for Loan Losses ​ ​ 70 ​ ​ (1) ​ ​ (303) ​ ​ (257) ​ ​ 1,845 ​ ​ 107 ​ ​ 47 ​ ​ 13 ​ ​ (21) ​ 1,500 Loans Charged-off ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (5) ​ ​ — ​ (5) Recoveries of Loans ​ ​ 3 ​ ​ — ​ ​ — ​ ​ 281 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1 ​ ​ — ​ 285 Total Ending Allowance Balance ​ $ 6,348 ​ $ 1 ​ $ 4,469 ​ $ 4,230 ​ $ 16,822 ​ $ 2,027 ​ $ 12,282 ​ $ 163 ​ $ 149 ​ $ 46,491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ The following table presents the activity in the allowance for loan losses, by segment, for the nine months ended September 30, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ (dollars in thousands) Commercial Program Development Mortgage Multifamil y Occupied Occupied and Other Unallocated Total Nine Months Ended September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Beginning Balance ​ $ 6,256 ​ $ 13 ​ $ 3,757 ​ $ 3,757 ​ $ 12,610 ​ $ 1,495 ​ $ 11,335 ​ $ 147 ​ $ 650 ​ $ 40,020 Provision for Loan Losses ​ ​ 98 ​ ​ (12) ​ ​ 712 ​ ​ 187 ​ ​ 4,212 ​ ​ 532 ​ ​ 947 ​ ​ 25 ​ ​ (501) ​ 6,200 Loans Charged-off ​ ​ (13) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (21) ​ ​ — ​ (34) Recoveries of Loans ​ ​ 7 ​ ​ — ​ ​ — ​ ​ 286 ​ ​ — ​ ​ — ​ ​ — ​ ​ 12 ​ ​ — ​ 305 Total Ending Allowance Balance ​ $ 6,348 ​ $ 1 ​ $ 4,469 ​ $ 4,230 ​ $ 16,822 ​ $ 2,027 ​ $ 12,282 ​ $ 163 ​ $ 149 ​ $ 46,491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​ 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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ ​ ​ ​ (dollars in thousands) Commercial Program Development Mortgage Multifamil y Occupied Occupied and Other Unallocated Total Allowance for Loan Losses at September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 12 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 222 ​ $ — ​ $ — ​ $ 234 Collectively Evaluated for Impairment ​ ​ 6,336 ​ ​ 1 ​ ​ 4,469 ​ ​ 4,230 ​ ​ 16,822 ​ ​ 2,027 ​ ​ 12,060 ​ ​ 163 ​ ​ 149 ​ 46,257 Totals ​ $ 6,348 ​ $ 1 ​ $ 4,469 ​ $ 4,230 ​ $ 16,822 ​ $ 2,027 ​ $ 12,282 ​ $ 163 ​ $ 149 ​ $ 46,491 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Allowance for Loan Losses at December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 607 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 607 Collectively Evaluated for Impairment ​ 5,649 ​ ​ 13 ​ ​ 3,757 ​ ​ 3,757 ​ ​ 12,610 ​ ​ 1,495 ​ ​ 11,335 ​ ​ 147 ​ ​ 650 ​ 39,413 Totals ​ $ 6,256 ​ $ 13 ​ $ 3,757 ​ $ 3,757 ​ $ 12,610 ​ $ 1,495 ​ $ 11,335 ​ $ 147 ​ $ 650 ​ $ 40,020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Paycheck ​ Construction ​ ​ ​ ​ ​ ​ ​ CRE ​ CRE ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Protection ​ and Land ​ 1--4 Family ​ ​ ​ ​ Owner ​ Non-owner ​ Consumer ​ ​ ​ (dollars in thousands) Commercial Program Development Mortgage Multifamily Occupied Occupied and Other Total Loans at September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 10,273 ​ $ — ​ $ 110 ​ $ 280 ​ $ — ​ $ 1,667 ​ $ 18,437 ​ $ — ​ $ 30,767 Collectively Evaluated for Impairment ​ 402,175 ​ ​ 1,192 ​ ​ 335,447 ​ ​ 340,822 ​ ​ 1,230,509 ​ ​ 149,421 ​ ​ 882,254 ​ ​ 7,495 ​ 3,349,315 Totals ​ $ 412,448 ​ $ 1,192 ​ $ 335,557 ​ $ 341,102 ​ $ 1,230,509 ​ $ 151,088 ​ $ 900,691 ​ $ 7,495 ​ $ 3,380,082 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans at December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 14,512 ​ $ — ​ $ 130 ​ $ 1,390 ​ $ — ​ $ 2,421 ​ $ 4,188 ​ $ — ​ $ 22,641 Collectively Evaluated for Impairment ​ 345,657 ​ ​ 26,162 ​ ​ 281,344 ​ ​ 303,927 ​ ​ 910,243 ​ ​ 108,675 ​ ​ 814,381 ​ ​ 6,442 ​ 2,796,831 Totals ​ $ 360,169 ​ $ 26,162 ​ $ 281,474 ​ $ 305,317 ​ $ 910,243 ​ $ 111,096 ​ $ 818,569 ​ $ 6,442 ​ $ 2,819,472
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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ ​ Recorded ​ Principal ​ Related ​ Recorded ​ Principal ​ Related (dollars in thousands) Investment Balance Allowance Investment Balance Allowance Loans With No Related Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 10,190 ​ $ 10,190 ​ $ — ​ $ 4,545 ​ $ 4,545 ​ $ — Construction and Land Development ​ ​ 110 ​ ​ 717 ​ ​ — ​ ​ 130 ​ ​ 737 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ — ​ ​ — ​ ​ — ​ 933 ​ 933 ​ — 1st REM - Rentals ​ 280 ​ ​ 280 ​ — ​ 457 ​ ​ 457 ​ — CRE Owner Occupied ​ 1,667 ​ 1,744 ​ — ​ 2,421 ​ 2,466 ​ — CRE Nonowner Occupied ​ ​ 6,302 ​ ​ 6,302 ​ ​ — ​ ​ 4,188 ​ ​ 4,188 ​ ​ — Totals ​ 18,549 ​ 19,233 ​ — ​ 12,674 ​ 13,326 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 83 ​ ​ 83 ​ ​ 12 ​ 9,967 ​ ​ 9,967 ​ ​ 607 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRE Nonowner Occupied ​ ​ 12,135 ​ ​ 12,135 ​ ​ 222 ​ — ​ ​ — ​ ​ — Totals ​ 12,218 ​ 12,218 ​ 234 ​ 9,967 ​ 9,967 ​ 607 Grand Totals ​ $ 30,767 ​ $ 31,451 ​ $ 234 ​ $ 22,641 ​ $ 23,293 ​ $ 607 ​ 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, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2022 2021 ​ 2022 2021 ​ ​ Average ​ Interest ​ Average ​ Interest ​ Average ​ Interest ​ Average ​ Interest (dollars in thousands) ​ Investment Recognized Investment Recognized Investment Recognized Investment Recognized Loans With No Related Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 9,929 ​ $ 187 ​ $ 50 ​ $ 1 ​ $ 11,343 ​ $ 519 ​ $ 50 ​ $ 3 Construction and Land Development ​ ​ 114 ​ ​ — ​ ​ 137 ​ ​ — ​ ​ 120 ​ ​ — ​ ​ 144 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ — ​ ​ — ​ ​ 884 ​ ​ 12 ​ ​ — ​ ​ — ​ ​ 884 ​ ​ 34 1st REM - Rentals ​ 282 ​ ​ 4 ​ ​ 465 ​ ​ 6 ​ 286 ​ ​ 11 ​ ​ 470 ​ ​ 18 CRE Owner Occupied ​ 1,751 ​ ​ 17 ​ ​ 867 ​ ​ 3 ​ 1,762 ​ ​ 49 ​ ​ 868 ​ ​ 9 CRE Nonowner Occupied ​ ​ 6,333 ​ ​ 85 ​ ​ 4,232 ​ ​ 54 ​ ​ 6,431 ​ ​ 249 ​ ​ 4,262 ​ ​ 161 Totals ​ 18,409 ​ 293 ​ 6,635 ​ 76 ​ 19,942 ​ 828 ​ 6,678 ​ 225 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 84 ​ ​ — ​ ​ 1,154 ​ ​ 14 ​ 86 ​ ​ 1 ​ ​ 1,155 ​ ​ 40 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRE Nonowner Occupied ​ ​ 12,135 ​ ​ 127 ​ ​ — ​ ​ — ​ ​ 12,135 ​ ​ 370 ​ ​ — ​ ​ — Totals ​ 12,219 ​ 127 ​ 1,154 ​ 14 ​ 12,221 ​ 371 ​ 1,155 ​ 40 Grand Totals ​ $ 30,628 ​ $ 420 ​ $ 7,789 ​ $ 90 ​ $ 32,163 ​ $ 1,199 ​ $ 7,833 ​ $ 265
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, 2022 and December 31, 2021, based on the most recent analysis performed by management: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 (dollars in thousands) Pass Watch Substandard Total Commercial ​ $ 396,736 ​ $ 5,439 ​ $ 10,273 ​ $ 412,448 Paycheck Protection Program ​ ​ 1,192 ​ ​ — ​ ​ — ​ ​ 1,192 Construction and Land Development ​ 335,447 ​ ​ — ​ ​ 110 ​ 335,557 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 29,981 ​ ​ — ​ ​ — ​ 29,981 1st REM - 1-4 Family ​ 51,246 ​ ​ 678 ​ ​ — ​ 51,924 LOCs and 2nd REM - Rentals ​ 25,164 ​ ​ 10 ​ ​ — ​ 25,174 1st REM - Rentals ​ 233,743 ​ ​ — ​ ​ 280 ​ 234,023 Multifamily ​ 1,230,509 ​ ​ — ​ ​ — ​ 1,230,509 CRE Owner Occupied ​ 149,421 ​ ​ — ​ ​ 1,667 ​ 151,088 CRE Nonowner Occupied ​ ​ 865,622 ​ ​ 16,632 ​ ​ 18,437 ​ ​ 900,691 Consumer and Other ​ 7,495 ​ ​ — ​ ​ — ​ 7,495 Totals ​ $ 3,326,556 ​ $ 22,759 ​ $ 30,767 ​ $ 3,380,082 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 (dollars in thousands) Pass Watch Substandard Total Commercial ​ $ 336,939 ​ $ 8,718 ​ $ 14,512 ​ $ 360,169 Paycheck Protection Program ​ ​ 26,162 ​ ​ — ​ ​ — ​ ​ 26,162 Construction and Land Development ​ 281,344 ​ ​ — ​ ​ 130 ​ 281,474 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 30,327 ​ ​ — ​ ​ 933 ​ 31,260 1st REM - 1-4 Family ​ 48,024 ​ ​ 689 ​ ​ — ​ 48,713 LOCs and 2nd REM - Rentals ​ 21,625 ​ ​ 16 ​ ​ — ​ 21,641 1st REM - Rentals ​ 203,246 ​ ​ — ​ ​ 457 ​ 203,703 Multifamily ​ 910,243 ​ ​ — ​ ​ — ​ 910,243 CRE Owner Occupied ​ 108,675 ​ ​ — ​ ​ 2,421 ​ 111,096 CRE Nonowner Occupied ​ ​ 774,474 ​ ​ 39,907 ​ ​ 4,188 ​ ​ 818,569 Consumer and Other ​ 6,442 ​ ​ — ​ ​ — ​ 6,442 Totals ​ $ 2,747,501 ​ $ 49,330 ​ $ 22,641 ​ $ 2,819,472
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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ (dollars in thousands) Current Past Due More Past Due Nonaccrual Total September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 412,448 ​ $ — ​ $ — ​ $ — ​ $ 412,448 Paycheck Protection Program ​ ​ 1,155 ​ ​ 37 ​ ​ — ​ ​ — ​ ​ 1,192 Construction and Land Development ​ 335,447 ​ ​ — ​ ​ — ​ ​ 110 ​ 335,557 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 29,981 ​ ​ — ​ ​ — ​ ​ — ​ 29,981 1st REM - 1-4 Family ​ 51,924 ​ ​ — ​ ​ — ​ ​ — ​ 51,924 LOCs and 2nd REM - Rentals ​ 25,174 ​ ​ — ​ ​ — ​ ​ — ​ 25,174 1st REM - Rentals ​ 234,023 ​ ​ — ​ ​ — ​ ​ — ​ 234,023 Multifamily ​ 1,230,509 ​ ​ — ​ ​ — ​ ​ — ​ 1,230,509 CRE Owner Occupied ​ 150,535 ​ ​ — ​ ​ — ​ ​ 553 ​ 151,088 CRE Nonowner Occupied ​ 900,691 ​ ​ — ​ ​ — ​ ​ — ​ 900,691 Consumer and Other ​ 7,494 ​ ​ 1 ​ ​ — ​ ​ — ​ 7,495 Totals ​ $ 3,379,381 ​ $ 38 ​ $ — ​ $ 663 ​ $ 3,380,082 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ (dollars in thousands) Current Past Due More Past Due Nonaccrual Total December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 360,169 ​ $ — ​ $ — ​ $ — ​ $ 360,169 Paycheck Protection Program ​ ​ 26,162 ​ ​ — ​ ​ — ​ ​ — ​ ​ 26,162 Construction and Land Development ​ 281,344 ​ ​ — ​ ​ — ​ ​ 130 ​ 281,474 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 31,211 ​ ​ 49 ​ ​ — ​ ​ — ​ 31,260 1st REM - 1-4 Family ​ 48,713 ​ ​ — ​ ​ — ​ ​ — ​ 48,713 LOCs and 2nd REM - Rentals ​ 21,641 ​ ​ — ​ ​ — ​ ​ — ​ 21,641 1st REM - Rentals ​ 203,703 ​ ​ — ​ ​ — ​ ​ — ​ 203,703 Multifamily ​ 910,243 ​ ​ — ​ ​ — ​ ​ — ​ 910,243 CRE Owner Occupied ​ 110,504 ​ ​ — ​ ​ — ​ ​ 592 ​ 111,096 CRE Nonowner Occupied ​ 818,569 ​ ​ — ​ ​ — ​ ​ — ​ 818,569 Consumer and Other ​ 6,442 ​ ​ — ​ ​ — ​ ​ — ​ 6,442 Totals ​ $ 2,818,701 ​ $ 49 ​ $ — ​ $ 722 ​ $ 2,819,472
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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest-Only ​ Extended Amortization ​ Total (dollars in thousands) Amount # of Loans Amount # of Loans Amount # of Loans Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ CRE Nonowner Occupied ​ $ 10,623 ​ 1 ​ $ — ​ — ​ $ 10,623 ​ 1 Totals ​ $ 10,623 ​ 1 ​ $ — ​ — ​ $ 10,623 ​ 1

Deposits (Tables)

Deposits (Tables)	9 Months Ended
	Sep. 30, 2022
Deposits.
Schedule of composition of deposits	The following table presents the composition of deposits at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (dollars in thousands) 2022 2021 Transaction Deposits ​ $ 1,471,480 ​ $ 1,419,873 Savings and Money Market Deposits ​ 1,077,333 ​ 863,567 Time Deposits ​ 293,052 ​ 293,474 Brokered Deposits ​ 463,209 ​ 369,323 Totals ​ $ 3,305,074 ​ $ 2,946,237
Summary of scheduled maturities of brokered and customer time deposits	The following table presents the scheduled maturities of brokered and customer time deposits at September 30, 2022: ​ ​ ​ ​ ​ ​ ​ September 30, (dollars in thousands) 2022 Less than 1 Year ​ $ 222,981 1 to 2 Years ​ ​ 103,232 2 to 3 Years ​ ​ 114,268 3 to 4 Years ​ ​ 74,726 4 to 5 Years ​ ​ 28,391 Greater than 5 Years ​ ​ 17,000 Totals ​ $ 560,598

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities
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, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, (dollars in thousands) ​ 2022 ​ 2021 ​ 2022 ​ 2021 Derivatives in ​ Location of Gain (Loss) ​ Gain (Loss) ​ Loss Cash Flow Hedging ​ Reclassified ​ Reclassified from ​ Reclassified from Relationships ​ from AOCI into Income ​ AOCI into Earnings ​ AOCI into Earnings Interest rate swaps ​ Interest expense ​ $ 288 ​ $ (290) ​ $ (24) ​ $ (827) Interest rate caps ​ Interest expense ​ ​ (169) ​ ​ (116) ​ ​ (539) ​ ​ (252)
Cash flow hedge
Derivative Instruments and Hedging Activities
Summary of interest rate derivatives	The following table presents a summary of the Company’s interest rate contracts as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated (dollars in thousands) ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 125,000 ​ $ 10,834 ​ $ 90,000 ​ $ 1,717 Liabilities ​ ​ — ​ ​ — ​ ​ 35,000 ​ ​ (926) Interest rate cap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ 125,000 ​ ​ 19,203 ​ ​ 110,000 ​ ​ 7,356
Interest Rate Swap
Derivative Instruments and Hedging Activities
Summary of interest rate derivatives	The following table presents a summary of the Company’s interest rate swaps to facilitate customer transactions as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated (dollars in thousands) ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 65,618 ​ $ 8,492 ​ $ 49,101 ​ $ 641 Liabilities ​ 65,618 ​ (8,492) ​ 49,101 ​ (641) Total ​ $ 131,236 ​ $ — ​ $ 98,202 ​ $ —
Interest Rate Swap | Cash flow hedge
Derivative Instruments and Hedging Activities
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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) September 30, 2022 December 31, 2021 ​ Notional Amount ​ $ 125,000 ​ $ 125,000 ​ Weighted Average Pay Rate ​ ​ 1.23 % ​ 1.27 % Weighted Average Receive Rate ​ ​ 2.24 % ​ 0.14 % Weighted Average Maturity (Years) ​ ​ 3.02 ​ ​ 3.76 ​ Net Unrealized Gain ​ $ 10,834 ​ $ 791 ​
Interest Rate Cap | Cash flow hedge
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities	The following table presents a summary of the Company’s interest rate caps designated as cash flow hedges as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) September 30, 2022 December 31, 2021 ​ Notional Amount ​ $ 125,000 ​ $ 110,000 ​ Unamortized Premium Paid ​ ​ 6,070 ​ ​ 5,859 ​ Weighted Average Strike Rate ​ ​ 0.96 % ​ 0.90 % Weighted Average Maturity (Years) ​ ​ 7.60 ​ ​ 8.72 ​

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Tables)	9 Months Ended
	Sep. 30, 2022
Federal Home Loan Bank Advances and Other Borrowings
Schedule of FHLB advances, by maturity	The following table presents FHLB advances, by maturity, at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ December 31, 2021 ​ Weighted ​ Weighted ​ ​ ​ Average ​ Total ​ Average ​ Total (dollars in thousands) ​ Rate ​ Outstanding ​ Rate ​ Outstanding Less than 1 Year ​ 2.83 % $ 55,000 ​ — % $ — 1 to 2 Years ​ 1.29 ​ ​ 7,500 ​ — ​ ​ — 2 to 3 Years ​ 1.22 ​ ​ 5,000 ​ 1.66 ​ ​ 22,500 3 to 4 Years ​ — ​ ​ — ​ 1.22 ​ ​ 16,000 4 to 5 Years ​ 0.78 ​ ​ 4,000 ​ 0.78 ​ ​ 4,000 Totals ​ ​ ​ $ 71,500 ​ ​ ​ $ 42,500

Subordinated Debentures (Tables

Subordinated Debentures (Tables)	9 Months Ended
	Sep. 30, 2022
Subordinated Debentures
Schedule of subordinated debentures	The following table presents a summary of the Company’s subordinated debentures as of September 30, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Debt ​ ​ Total Debt ​ ​ ​ ​ ​ ​ ​ Date ​ First ​ Maturity ​ Outstanding ​ ​ Outstanding ​ Interest ​ ​ ​ Name ​ Established ​ Redemption Date ​ Date ​ September 30, 2022 ​ ​ December 31, 2021 ​ Rate ​ ​ Coupon Structure (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2027 Notes ​ July 12, 2017 ​ July 15, 2022 ​ July 15, 2027 $ 13,750 ​ $ 13,750 ​ 6.62 % ​ Fixed-to-Floating (1) 2030 Notes ​ June 19, 2020 ​ July 1, 2025 ​ July 1, 2030 ​ 50,000 ​ ​ 50,000 ​ 5.25 % ​ Fixed-to-Floating (2) 2031 Notes ​ July 8, 2021 ​ July 15, 2026 ​ July 15, 2031 ​ 30,000 ​ ​ 30,000 ​ 3.25 % ​ Fixed-to-Floating (3) Subordinated Debentures ​ ​ ​ ​ ​ ​ ​ 93,750 ​ ​ 93,750 ​ ​ ​ ​ ​ Debt Issuance Costs ​ ​ ​ ​ ​ ​ ​ (1,191) ​ ​ (1,511) ​ ​ ​ ​ ​ Subordinated Debentures, Net of Issuance Costs ​ ​ ​ ​ ​ ​ $ 92,559 ​ $ 92,239 ​ ​ ​ ​ ​ (1) Three month LIBOR (as determined on July 15, 2022) + 3.88% beginning July 15, 2022 until either the early redemption date or the maturity date. (2) Migrates to three month term SOFR + 5.13% beginning July 1, 2025 until either the early redemption date or the maturity date. (3) Migrates to three month term SOFR + 2.52% beginning July 15, 2026 until either the early redemption date or the maturity date.

Commitments, Contingencies an_2

Commitments, Contingencies and Credit Risk (Tables)	9 Months Ended
	Sep. 30, 2022
Commitments, Contingencies and Credit Risk
Schedule of commitments outstanding	The following commitments were outstanding at September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, (dollars in thousands) 2022 2021 Unfunded Commitments Under Lines of Credit ​ $ 837,708 ​ $ 799,148 Letters of Credit ​ 122,438 ​ 119,647 Totals ​ $ 960,146 ​ $ 918,795

Stock Options and Restricted _2

Stock Options and Restricted Stock (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022, are as follows: ​ ​ ​ ​ ​ ​ September 30, ​ ​ 2022 Dividend Yield — % Expected Life 7 Years Expected Volatility 24.71 % Risk-Free Interest Rate 1.70 %
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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ Weighted ​ ​ ​ ​ Average ​ ​ Shares ​ Exercise Price Outstanding at Beginning of Year 1,768,745 ​ $ 7.67 Granted 290,000 ​ 17.50 Exercised (28,000) ​ 3.81 Forfeitures (12,000) ​ 14.77 Outstanding at Period End 2,018,745 ​ $ 9.10 ​ ​ ​ ​ ​ ​ Options Exercisable at Period End 1,348,470 ​ $ 7.06
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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 - 3.99 384,000 ​ $ 3.04 ​ 1.3 384,000 $ 3.04 ​ 7.00 - 7.99 926,717 ​ 7.47 5.0 733,317 ​ 7.47 ​ 8.00 - 8.99 20,000 ​ 8.76 7.5 7,500 ​ 8.76 ​ 10.00 - 10.99 ​ 10,000 ​ ​ 10.08 ​ 7.7 ​ 5,000 ​ ​ 10.08 ​ 11.00 - 11.99 ​ 85,000 ​ ​ 11.27 ​ 6.6 ​ 51,000 ​ ​ 11.27 ​ 12.00 - 12.99 ​ 267,528 ​ ​ 12.90 ​ 6.9 ​ 145,028 ​ ​ 12.90 ​ 13.00 - 13.99 ​ 25,000 ​ ​ 13.22 ​ 5.6 ​ 20,000 ​ ​ 13.22 ​ 17.00 - 17.99 ​ 300,500 ​ ​ 17.50 ​ 9.3 ​ 2,625 ​ ​ 17.49 ​ Totals 2,018,745 ​ $ 9.10 ​ 5.3 1,348,470 ​ $ 7.06
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, 2022: ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Options at December 31, 2021 435,900 ​ $ 3.43 Granted 290,000 ​ ​ 5.28 Vested (43,625) ​ ​ 3.95 Forfeited ​ (12,000) ​ ​ 5.12 Nonvested Options at September 30, 2022 670,275 ​ $ 4.17
Summary of the status of the Company's outstanding restricted stock awards	The following table presents an analysis of nonvested restricted stock awards outstanding for the nine months ended September 30, 2022: ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value Nonvested Awards at December 31, 2021 75,113 ​ $ 12.59 Granted — ​ ​ — Vested (2,786) ​ ​ 10.32 Forfeited ​ (1,000) ​ ​ 12.92 Nonvested Awards at September 30, 2022 71,327 ​ $ 12.68
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, 2022: ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ Number of ​ Average Grant ​ ​ Units ​ Date Fair Value Nonvested Units at December 31, 2021 344,908 ​ $ 15.02 Granted 2,500 ​ ​ 17.50 Vested (5,100) ​ ​ 15.67 Forfeited ​ (9,572) ​ ​ 15.12 Nonvested Units at September 30, 2022 332,736 ​ $ 15.02

Regulatory Capital (Tables)

Regulatory Capital (Tables)	9 Months Ended
	Sep. 30, 2022
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, on a consolidated basis, and the Bank as of September 30, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Minimum Required ​ For Capital Adequacy ​ To be Well Capitalized ​ ​ ​ ​ ​ ​ ​ ​ For Capital Adequacy ​ Purposes Plus Capital ​ Under Prompt Corrective ​ ​ ​ Actual ​ Purposes ​ Conservation Buffer ​ Action Regulations ​ (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ September 30, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 535,184 ​ 13.78 % $ 310,810 ​ 8.00 % $ 407,939 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-based Capital ​ ​ 395,765 ​ 10.19 ​ ​ 233,108 ​ 6.00 ​ ​ 330,236 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 329,251 ​ 8.47 ​ ​ 174,831 ​ 4.50 ​ ​ 271,959 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 395,765 ​ 9.98 ​ ​ 158,647 ​ 4.00 ​ ​ 158,647 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 491,982 ​ 12.67 % $ 310,689 ​ 8.00 % $ 407,779 ​ 10.50 % $ 388,361 ​ 10.00 % Tier 1 Risk-based Capital ​ ​ 445,131 ​ 11.46 ​ ​ 233,017 ​ 6.00 ​ ​ 330,107 ​ 8.50 ​ ​ 310,689 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 445,131 ​ 11.46 ​ ​ 174,762 ​ 4.50 ​ ​ 271,853 ​ 7.00 ​ ​ 252,435 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 445,131 ​ 11.24 ​ ​ 158,453 ​ 4.00 ​ ​ 158,453 ​ 4.00 ​ ​ 198,067 ​ 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 ​ (dollars in thousands) Amount Ratio Amount Ratio Amount Ratio ​ Amount Ratio ​ December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 499,554 ​ 15.55 % $ 256,966 ​ 8.00 % $ 337,268 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-based Capital ​ ​ 367,161 ​ 11.43 ​ ​ 192,725 ​ 6.00 ​ ​ 273,027 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 300,647 ​ 9.36 ​ ​ 144,543 ​ 4.50 ​ ​ 224,845 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 367,161 ​ 10.82 ​ ​ 135,723 ​ 4.00 ​ ​ 135,723 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 415,848 ​ 12.94 % $ 257,005 ​ 8.00 % $ 337,319 ​ 10.50 % $ 321,256 ​ 10.00 % Tier 1 Risk-based Capital ​ ​ 375,688 ​ 11.69 ​ ​ 192,754 ​ 6.00 ​ ​ 273,068 ​ 8.50 ​ ​ 257,005 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 375,688 ​ 11.69 ​ ​ 144,565 ​ 4.50 ​ ​ 224,879 ​ 7.00 ​ ​ 208,816 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 375,688 ​ 11.09 ​ ​ 135,508 ​ 4.00 ​ ​ 135,508 ​ 4.00 ​ ​ 169,386 ​ 5.00 ​

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	9 Months Ended
	Sep. 30, 2022
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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,338 ​ $ — ​ $ — ​ $ 2,338 Municipal Bonds ​ ​ — ​ ​ 170,236 ​ ​ — ​ ​ 170,236 Mortgage-Backed Securities ​ ​ — ​ ​ 191,585 ​ ​ — ​ ​ 191,585 Corporate Securities ​ ​ — ​ ​ 108,060 ​ ​ — ​ ​ 108,060 SBA Securities ​ ​ — ​ ​ 22,540 ​ ​ — ​ ​ 22,540 Asset-Backed Securities ​ ​ — ​ ​ 47,248 ​ ​ — ​ ​ 47,248 Interest Rate Caps ​ ​ — ​ ​ 19,203 ​ ​ — ​ ​ 19,203 Interest Rate Swaps ​ ​ — ​ ​ 19,326 ​ ​ — ​ ​ 19,326 Total Fair Value of Financial Assets ​ $ 2,338 ​ $ 578,198 ​ $ — ​ $ 580,536 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 8,492 ​ $ — ​ $ 8,492 Total Fair Value of Financial Liabilities ​ $ — ​ $ 8,492 ​ $ — ​ $ 8,492 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 (dollars in thousands) Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 754 ​ $ — ​ $ — ​ $ 754 Municipal Bonds ​ ​ — ​ ​ 158,369 ​ ​ — ​ ​ 158,369 Mortgage-Backed Securities ​ ​ — ​ ​ 124,537 ​ ​ — ​ ​ 124,537 Corporate Securities ​ ​ — ​ ​ 84,480 ​ ​ — ​ ​ 84,480 SBA Securities ​ ​ — ​ ​ 30,370 ​ ​ — ​ ​ 30,370 Asset-Backed Securities ​ ​ — ​ ​ 40,852 ​ ​ — ​ ​ 40,852 Interest Rate Caps ​ ​ — ​ ​ 7,356 ​ ​ — ​ ​ 7,356 Interest Rate Swaps ​ ​ — ​ ​ 2,358 ​ ​ — ​ ​ 2,358 Total Fair Value of Financial Assets ​ $ 754 ​ $ 448,322 ​ $ — ​ $ 449,076 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 1,567 ​ $ — ​ $ 1,567 Total Fair Value of Financial Liabilities ​ $ — ​ $ 1,567 ​ $ — ​ $ 1,567
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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 11,984 ​ $ — ​ $ 234 Totals ​ $ — ​ $ 11,984 ​ $ — ​ $ 234 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 (dollars in thousands) Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 9,360 ​ $ — ​ $ 625 Totals ​ $ — ​ $ 9,360 ​ $ — ​ $ 625
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, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2022 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated (dollars in thousands) Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 75,496 ​ $ 75,496 ​ $ — ​ $ — ​ $ 75,496 Bank-Owned Certificates of Deposit ​ ​ 1,182 ​ ​ — ​ ​ 1,168 ​ ​ — ​ ​ 1,168 Securities Available for Sale ​ ​ 542,007 ​ ​ 2,338 ​ ​ 539,669 ​ ​ — ​ ​ 542,007 FHLB Stock, at Cost ​ ​ 15,603 ​ ​ — ​ ​ 15,603 ​ ​ — ​ ​ 15,603 Loans, Net ​ ​ 3,324,503 ​ ​ — ​ ​ 3,199,676 ​ ​ — ​ ​ 3,199,676 Accrued Interest Receivable ​ ​ 11,198 ​ ​ — ​ ​ 11,198 ​ ​ — ​ ​ 11,198 Interest Rate Caps ​ ​ 19,203 ​ ​ — ​ ​ 19,203 ​ ​ — ​ ​ 19,203 Interest Rate Swaps ​ ​ 19,326 ​ ​ — ​ ​ 19,326 ​ ​ — ​ ​ 19,326 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 3,305,073 ​ $ — ​ $ 3,275,575 ​ $ — ​ $ 3,275,575 Federal Funds Purchased ​ ​ 212,000 ​ ​ — ​ ​ 212,000 ​ ​ — ​ ​ 212,000 FHLB Advances ​ ​ 71,500 ​ ​ — ​ ​ 70,336 ​ ​ — ​ ​ 70,336 Subordinated Debentures ​ ​ 92,559 ​ ​ — ​ ​ 89,674 ​ ​ — ​ ​ 89,674 Accrued Interest Payable ​ ​ 2,214 ​ ​ — ​ ​ 2,214 ​ ​ — ​ ​ 2,214 Interest Rate Swaps ​ ​ 8,492 ​ ​ — ​ ​ 8,492 ​ ​ — ​ ​ 8,492 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 ​ ​ ​ ​ ​ Fair Value Hierarchy ​ ​ ​ ​ ​ Carrying ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated (dollars in thousands) Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash and Due From Banks ​ $ 143,473 ​ $ 143,473 ​ $ — ​ $ — ​ $ 143,473 Bank-Owned Certificates of Deposit ​ ​ 1,876 ​ ​ — ​ ​ 1,884 ​ ​ — ​ ​ 1,884 Securities Available for Sale ​ ​ 439,362 ​ ​ 754 ​ ​ 438,608 ​ ​ — ​ ​ 439,362 FHLB Stock, at Cost ​ ​ 5,242 ​ ​ — ​ ​ 5,242 ​ ​ — ​ ​ 5,242 Loans, Net ​ ​ 2,769,917 ​ ​ — ​ ​ 2,726,417 ​ ​ — ​ ​ 2,726,417 Accrued Interest Receivable ​ ​ 9,186 ​ ​ — ​ ​ 9,186 ​ ​ — ​ ​ 9,186 Interest Rate Caps ​ ​ 7,356 ​ ​ — ​ ​ 7,356 ​ ​ — ​ ​ 7,356 Interest Rate Swaps ​ ​ 2,358 ​ ​ — ​ ​ 2,358 ​ ​ — ​ ​ 2,358 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 2,946,237 ​ $ — ​ $ 2,931,215 ​ $ — ​ $ 2,931,215 FHLB Advances ​ ​ 42,500 ​ ​ — ​ ​ 42,515 ​ ​ — ​ ​ 42,515 Subordinated Debentures ​ ​ 92,239 ​ ​ — ​ ​ 97,700 ​ ​ — ​ ​ 97,700 Accrued Interest Payable ​ ​ 1,409 ​ ​ — ​ ​ 1,409 ​ ​ — ​ ​ 1,409 Interest Rate Swaps ​ ​ 1,567 ​ ​ — ​ ​ 1,567 ​ ​ — ​ ​ 1,567

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share
Anti dilutive securities excluded from the calculation of EPS	300,500		55,000	300,500	55,000
Net Income Available to Common Shareholders	$ 13,500	$ 11,868	$ 11,509	$ 36,617	$ 33,173
Weighted Average Common Stock Outstanding:
Weighted Average Common Stock Outstanding (Basic)	27,520,117		28,047,280	27,825,517	28,035,246
Dilutive Effect of Stock Compensation	1,072,737		1,063,267	1,057,184	1,042,604
Weighted Average Common Stock Outstanding (Dilutive)	28,592,854		29,110,547	28,882,701	29,077,850
Basic Earnings per Common Share (in dollars per share)	$ 0.49	$ 0.43	$ 0.41	$ 1.32	$ 1.18
Diluted Earnings per Common Share (in dollars per share)	$ 0.47	$ 0.41	$ 0.40	$ 1.27	$ 1.14

Securities - Securities Availab

Securities - Securities Available for Sale (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	$ 589,434	$ 430,250
Gross Unrealized Gains	545	12,463
Gross Unrealized Losses	(47,972)	(3,351)
Fair Value	542,007	439,362
U.S. Treasury Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	2,374	756
Gross Unrealized Losses	(36)	(2)
Fair Value	2,338	754
Municipal Bonds
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	196,102	151,665
Gross Unrealized Gains	54	7,492
Gross Unrealized Losses	(25,920)	(788)
Fair Value	170,236	158,369
Mortgage-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	207,973	125,563
Gross Unrealized Gains	8	1,085
Gross Unrealized Losses	(16,396)	(2,111)
Fair Value	191,585	124,537
Corporate Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	113,041	81,925
Gross Unrealized Gains	39	2,740
Gross Unrealized Losses	(5,020)	(185)
Fair Value	108,060	84,480
SBA Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	22,585	30,474
Gross Unrealized Gains	96	102
Gross Unrealized Losses	(141)	(206)
Fair Value	22,540	30,370
Asset-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	47,359	39,867
Gross Unrealized Gains	348	1,044
Gross Unrealized Losses	(459)	(59)
Fair Value	$ 47,248	$ 40,852

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022 USD ($) security	Dec. 31, 2021 USD ($) 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	$ 382,496	$ 102,043
Less Than 12 Months, Unrealized Losses	(27,231)	(1,539)
12 Months or Greater, Fair Value	108,974	57,951
12 Months or Greater, Unrealized Losses	(20,741)	(1,812)
Fair Value	491,470	159,994
Unrealized Losses	$ (47,972)	$ (3,351)
Number of debt securities with unrealized losses | security	564	199
Percentage of aggregate depreciation from amortized cost basis	8.90%	2.10%
U.S. Treasury Securities
Fair value and gross unrealized losses of securities with unrealized losses, aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position
Less Than 12 Months, Fair Value	$ 2,338	$ 754
Less Than 12 Months, Unrealized Losses	(36)	(2)
Fair Value	2,338	754
Unrealized Losses	(36)	(2)
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	135,714	44,332
Less Than 12 Months, Unrealized Losses	(16,465)	(708)
12 Months or Greater, Fair Value	31,839	3,757
12 Months or Greater, Unrealized Losses	(9,455)	(80)
Fair Value	167,553	48,089
Unrealized Losses	(25,920)	(788)
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	125,805	36,921
Less Than 12 Months, Unrealized Losses	(6,300)	(630)
12 Months or Greater, Fair Value	54,041	35,949
12 Months or Greater, Unrealized Losses	(10,096)	(1,481)
Fair Value	179,846	72,870
Unrealized Losses	(16,396)	(2,111)
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	93,186	9,398
Less Than 12 Months, Unrealized Losses	(4,098)	(133)
12 Months or Greater, Fair Value	9,549	1,948
12 Months or Greater, Unrealized Losses	(922)	(52)
Fair Value	102,735	11,346
Unrealized Losses	(5,020)	(185)
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	1,071	3,896
Less Than 12 Months, Unrealized Losses	(2)	(7)
12 Months or Greater, Fair Value	10,645	16,297
12 Months or Greater, Unrealized Losses	(139)	(199)
Fair Value	11,716	20,193
Unrealized Losses	(141)	(206)
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	24,382	6,742
Less Than 12 Months, Unrealized Losses	(330)	(59)
12 Months or Greater, Fair Value	2,900
12 Months or Greater, Unrealized Losses	(129)
Fair Value	27,282	6,742
Unrealized Losses	$ (459)	$ (59)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Contractual maturities, amortized cost
Due in One Year or Less	$ 2,692
Due After One Year Through Five Years	35,380
Due After Five Years Through 10 Years	158,065
Due After 10 Years	115,380
Subtotal	311,517
Totals	589,434	$ 430,250
Contractual maturities, fair value
Due in One Year or Less	2,665
Due After One Year Through Five Years	34,227
Due After Five Years Through 10 Years	146,852
Due After 10 Years	96,890
Subtotal	280,634
Totals	542,007	439,362
Mortgage-Backed Securities
Contractual maturities, amortized cost
Contractual securities	207,973
Totals	207,973	125,563
Contractual maturities, fair value
Contractual securities	191,585
Totals	191,585	124,537
SBA Securities
Contractual maturities, amortized cost
Contractual securities	22,585
Totals	22,585	30,474
Contractual maturities, fair value
Contractual securities	22,540
Totals	22,540	30,370
Asset-Backed Securities
Contractual maturities, amortized cost
Contractual securities	47,359
Totals	47,359	39,867
Contractual maturities, fair value
Contractual securities	47,248
Totals	$ 47,248	$ 40,852

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, 2022	Sep. 30, 2021
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	$ 25,066	$ 11,877
Gross Gains on Sales	498	234	1,200
Gross Losses on Sales	$ (450)	$ (182)	$ (450)

Loans - Components of loans (De

Loans - Components of loans (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020
Components of loans
Total Loans, Gross	$ 3,380,082		$ 2,819,472
Allowance for Loan Losses	(46,491)	$ (44,711)	(40,020)	$ (38,901)	$ (37,591)	$ (34,841)
Net Deferred Loan Fees	(9,088)		(9,535)
Total Loans, Net	3,324,503		2,769,917
Commercial
Components of loans
Total Loans, Gross	412,448		360,169
Allowance for Loan Losses	(6,348)	(6,275)	(6,256)	(6,702)	(6,525)	(5,703)
Paycheck Protection Program (PPP), CARES Act
Components of loans
Total Loans, Gross	1,192		26,162
Allowance for Loan Losses	(1)	(2)	(13)	(27)	(50)	(70)
Construction and Land Development
Components of loans
Total Loans, Gross	335,557		281,474
Allowance for Loan Losses	(4,469)	(4,772)	(3,757)	(3,474)	(3,427)	(2,491)
Real Estate Mortgage
Components of loans
Total Loans, Gross	2,623,390		2,145,225
1-4 Family Mortgage
Components of loans
Total Loans, Gross	341,102		305,317
Allowance for Loan Losses	(4,230)	(4,206)	(3,757)	(3,553)	(3,502)	(3,972)
Multifamily
Components of loans
Total Loans, Gross	1,230,509		910,243
Allowance for Loan Losses	(16,822)	(14,977)	(12,610)	(11,966)	(11,150)	(9,517)
CRE Owner Occupied
Components of loans
Total Loans, Gross	151,088		111,096
Allowance for Loan Losses	(2,027)	(1,920)	(1,495)	(1,423)	(1,244)	(1,162)
CRE Non-owner Occupied
Components of loans
Total Loans, Gross	900,691		818,569
Allowance for Loan Losses	(12,282)	(12,235)	(11,335)	(11,021)	(11,018)	(10,991)
Consumer and other
Components of loans
Total Loans, Gross	7,495		6,442
Allowance for Loan Losses	$ (163)	$ (154)	$ (147)	$ (169)	$ (220)	$ (203)

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, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Allowance for Loan Losses:
Beginning Balance	$ 44,711		$ 37,591	$ 40,020	$ 34,841	$ 34,841
Provision for Loan Losses	1,500	$ 3,025	1,300	6,200	4,000
Loans Charged-off	(5)		(20)	(34)	(37)
Recoveries of Loans	285		30	305	97
Total Ending Allowance Balance	46,491	44,711	38,901	46,491	38,901	40,020
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment	234			234		607
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	46,257			46,257		39,413
Loans and Leases Receivable, Allowance, Total	46,491	44,711	38,901	46,491	38,901	40,020
Loans, Individually Evaluated for Impairment	30,767			30,767		22,641
Loans, Collectively Evaluated for Impairment	3,349,315			3,349,315		2,796,831
Totals	3,380,082			3,380,082		2,819,472
Commercial
Allowance for Loan Losses:
Beginning Balance	6,275		6,525	6,256	5,703	5,703
Provision for Loan Losses	70		171	98	971
Loans Charged-off			(6)	(13)	(6)
Recoveries of Loans	3		12	7	34
Total Ending Allowance Balance	6,348	6,275	6,702	6,348	6,702	6,256
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment	12			12		607
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	6,336			6,336		5,649
Loans and Leases Receivable, Allowance, Total	6,348	6,275	6,702	6,348	6,702	6,256
Loans, Individually Evaluated for Impairment	10,273			10,273		14,512
Loans, Collectively Evaluated for Impairment	402,175			402,175		345,657
Totals	412,448			412,448		360,169
Paycheck Protection Program (PPP), CARES Act
Allowance for Loan Losses:
Beginning Balance	2		50	13	70	70
Provision for Loan Losses	(1)		(23)	(12)	(43)
Total Ending Allowance Balance	1	2	27	1	27	13
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	1			1		13
Loans and Leases Receivable, Allowance, Total	1	2	27	1	27	13
Loans, Collectively Evaluated for Impairment	1,192			1,192		26,162
Totals	1,192			1,192		26,162
Construction and Land Development
Allowance for Loan Losses:
Beginning Balance	4,772		3,427	3,757	2,491	2,491
Provision for Loan Losses	(303)		47	712	983
Total Ending Allowance Balance	4,469	4,772	3,474	4,469	3,474	3,757
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	4,469			4,469		3,757
Loans and Leases Receivable, Allowance, Total	4,469	4,772	3,474	4,469	3,474	3,757
Loans, Individually Evaluated for Impairment	110			110		130
Loans, Collectively Evaluated for Impairment	335,447			335,447		281,344
Totals	335,557			335,557		281,474
1-4 Family Mortgage
Allowance for Loan Losses:
Beginning Balance	4,206		3,502	3,757	3,972	3,972
Provision for Loan Losses	(257)		33	187	(437)
Loans Charged-off					(5)
Recoveries of Loans	281		18	286	23
Total Ending Allowance Balance	4,230	4,206	3,553	4,230	3,553	3,757
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	4,230			4,230		3,757
Loans and Leases Receivable, Allowance, Total	4,230	4,206	3,553	4,230	3,553	3,757
Loans, Individually Evaluated for Impairment	280			280		1,390
Loans, Collectively Evaluated for Impairment	340,822			340,822		303,927
Totals	341,102			341,102		305,317
Multifamily
Allowance for Loan Losses:
Beginning Balance	14,977		11,150	12,610	9,517	9,517
Provision for Loan Losses	1,845		816	4,212	2,449
Total Ending Allowance Balance	16,822	14,977	11,966	16,822	11,966	12,610
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	16,822			16,822		12,610
Loans and Leases Receivable, Allowance, Total	16,822	14,977	11,966	16,822	11,966	12,610
Loans, Collectively Evaluated for Impairment	1,230,509			1,230,509		910,243
Totals	1,230,509			1,230,509		910,243
CRE Owner Occupied
Allowance for Loan Losses:
Beginning Balance	1,920		1,244	1,495	1,162	1,162
Provision for Loan Losses	107		179	532	229
Recoveries of Loans					32
Total Ending Allowance Balance	2,027	1,920	1,423	2,027	1,423	1,495
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	2,027			2,027		1,495
Loans and Leases Receivable, Allowance, Total	2,027	1,920	1,423	2,027	1,423	1,495
Loans, Individually Evaluated for Impairment	1,667			1,667		2,421
Loans, Collectively Evaluated for Impairment	149,421			149,421		108,675
Totals	151,088			151,088		111,096
CRE Non-owner Occupied
Allowance for Loan Losses:
Beginning Balance	12,235		11,018	11,335	10,991	10,991
Provision for Loan Losses	47		3	947	30
Total Ending Allowance Balance	12,282	12,235	11,021	12,282	11,021	11,335
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment	222			222
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	12,060			12,060		11,335
Loans and Leases Receivable, Allowance, Total	12,282	12,235	11,021	12,282	11,021	11,335
Loans, Individually Evaluated for Impairment	18,437			18,437		4,188
Loans, Collectively Evaluated for Impairment	882,254			882,254		814,381
Totals	900,691			900,691		818,569
Consumer and other
Allowance for Loan Losses:
Beginning Balance	154		220	147	203	203
Provision for Loan Losses	13		(37)	25	(16)
Loans Charged-off	(5)		(14)	(21)	(26)
Recoveries of Loans	1			12	8
Total Ending Allowance Balance	163	154	169	163	169	147
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	163			163		147
Loans and Leases Receivable, Allowance, Total	163	154	169	163	169	147
Loans, Collectively Evaluated for Impairment	7,495			7,495		6,442
Totals	7,495			7,495		6,442
Unallocated
Allowance for Loan Losses:
Beginning Balance	170		455	650	732	732
Provision for Loan Losses	(21)		111	(501)	(166)
Total Ending Allowance Balance	149	170	566	149	566	650
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	149			149		650
Loans and Leases Receivable, Allowance, Total	$ 149	$ 170	$ 566	$ 149	$ 566	$ 650

Loans - Impaired loans by loan

Loans - Impaired loans by loan segment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	$ 18,549	$ 12,674
Loans With No Related Allowance for Loan Losses, Principal Balance	19,233	13,326
Loans With An Allowance for Loan Losses, Recorded Investment	12,218	9,967
Loans With An Allowance for Loan Losses, Principal Balance	12,218	9,967
Total Recorded Investment	30,767	22,641
Total Principal Balance	31,451	23,293
Related Allowance	234	607
Commercial
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	10,190	4,545
Loans With No Related Allowance for Loan Losses, Principal Balance	10,190	4,545
Loans With An Allowance for Loan Losses, Recorded Investment	83	9,967
Loans With An Allowance for Loan Losses, Principal Balance	83	9,967
Related Allowance	12	607
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	110	130
Loans With No Related Allowance for Loan Losses, Principal Balance	717	737
HELOC and 1-4 Family Junior Mortgage
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment		933
Loans With No Related Allowance for Loan Losses, Principal Balance		933
1st REM - Rentals
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	280	457
Loans With No Related Allowance for Loan Losses, Principal Balance	280	457
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	1,667	2,421
Loans With No Related Allowance for Loan Losses, Principal Balance	1,744	2,466
CRE Non-owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	6,302	4,188
Loans With No Related Allowance for Loan Losses, Principal Balance	6,302	$ 4,188
Loans With An Allowance for Loan Losses, Recorded Investment	12,135
Loans With An Allowance for Loan Losses, Principal Balance	12,135
Related Allowance	$ 222

Loans - Average balances and in

Loans - Average balances and interest income recognized (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	$ 18,409	$ 6,635	$ 19,942	$ 6,678
Loans With No Related Allowance for Loan Losses, Interest Recognized	293	76	828	225
Loans With An Allowance for Loan Losses, Average Investment	12,219	1,154	12,221	1,155
Loans With An Allowance for Loan Losses, Interest Recognized	127	14	371	40
Total Average Investment	30,628	7,789	32,163	7,833
Total Interest Recognized	420	90	1,199	265
Commercial
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	9,929	50	11,343	50
Loans With No Related Allowance for Loan Losses, Interest Recognized	187	1	519	3
Loans With An Allowance for Loan Losses, Average Investment	84	1,154	86	1,155
Loans With An Allowance for Loan Losses, Interest Recognized		14	1	40
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	114	137	120	144
HELOC and 1-4 Family Junior Mortgage
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment		884		884
Loans With No Related Allowance for Loan Losses, Interest Recognized		12		34
1st REM - Rentals
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	282	465	286	470
Loans With No Related Allowance for Loan Losses, Interest Recognized	4	6	11	18
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	1,751	867	1,762	868
Loans With No Related Allowance for Loan Losses, Interest Recognized	17	3	49	9
CRE Non-owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	6,333	4,232	6,431	4,262
Loans With No Related Allowance for Loan Losses, Interest Recognized	85	$ 54	249	$ 161
Loans With An Allowance for Loan Losses, Average Investment	12,135		12,135
Loans With An Allowance for Loan Losses, Interest Recognized	$ 127		$ 370

Loans - Risk category of loans

Loans - Risk category of loans by loan segment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 3,380,082	$ 2,819,472
Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	3,326,556	2,747,501
Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	22,759	49,330
Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	30,767	22,641
Commercial
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	412,448	360,169
Commercial | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	396,736	336,939
Commercial | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	5,439	8,718
Commercial | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	10,273	14,512
Paycheck Protection Program (PPP), CARES Act
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,192	26,162
Paycheck Protection Program (PPP), CARES Act | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,192	26,162
Construction and Land Development
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	335,557	281,474
Construction and Land Development | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	335,447	281,344
Construction and Land Development | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	110	130
HELOC and 1-4 Family Junior Mortgage
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	29,981	31,260
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	29,981	30,327
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		933
1st REM - 1-4 Family
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	51,924	48,713
1st REM - 1-4 Family | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	51,246	48,024
1st REM - 1-4 Family | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	678	689
LOCs and 2nd REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	25,174	21,641
LOCs and 2nd REM - Rentals | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	25,164	21,625
LOCs and 2nd REM - Rentals | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	10	16
1st REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	234,023	203,703
1st REM - Rentals | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	233,743	203,246
1st REM - Rentals | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	280	457
Multifamily
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,230,509	910,243
Multifamily | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,230,509	910,243
CRE Owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	151,088	111,096
CRE Owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	149,421	108,675
CRE Owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,667	2,421
CRE Non-owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	900,691	818,569
CRE Non-owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	865,622	774,474
CRE Non-owner Occupied | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	16,632	39,907
CRE Non-owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	18,437	4,188
Consumer and other
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	7,495	6,442
Consumer and other | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 7,495	$ 6,442

Loans - Recorded investment in

Loans - Recorded investment in past due loans by loan segment (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Aging of the recorded investment in past due loans by loan segment
Nonaccrual	$ 663	$ 722
Totals	3,380,082	2,819,472
Current
Aging of the recorded investment in past due loans by loan segment
Loans	3,379,381	2,818,701
30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Loans	38	49
Commercial
Aging of the recorded investment in past due loans by loan segment
Totals	412,448	360,169
Commercial | Current
Aging of the recorded investment in past due loans by loan segment
Loans	412,448	360,169
Paycheck Protection Program (PPP), CARES Act
Aging of the recorded investment in past due loans by loan segment
Totals	1,192	26,162
Paycheck Protection Program (PPP), CARES Act | Current
Aging of the recorded investment in past due loans by loan segment
Loans	1,155	26,162
Paycheck Protection Program (PPP), CARES Act | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Loans	37
Construction and Land Development
Aging of the recorded investment in past due loans by loan segment
Nonaccrual	110	130
Totals	335,557	281,474
Construction and Land Development | Current
Aging of the recorded investment in past due loans by loan segment
Loans	335,447	281,344
HELOC and 1-4 Family Junior Mortgage
Aging of the recorded investment in past due loans by loan segment
Totals	29,981	31,260
HELOC and 1-4 Family Junior Mortgage | Current
Aging of the recorded investment in past due loans by loan segment
Loans	29,981	31,211
HELOC and 1-4 Family Junior Mortgage | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Loans		49
1st REM - 1-4 Family
Aging of the recorded investment in past due loans by loan segment
Totals	51,924	48,713
1st REM - 1-4 Family | Current
Aging of the recorded investment in past due loans by loan segment
Loans	51,924	48,713
LOCs and 2nd REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Totals	25,174	21,641
LOCs and 2nd REM - Rentals | Current
Aging of the recorded investment in past due loans by loan segment
Loans	25,174	21,641
1st REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Totals	234,023	203,703
1st REM - Rentals | Current
Aging of the recorded investment in past due loans by loan segment
Loans	234,023	203,703
Multifamily
Aging of the recorded investment in past due loans by loan segment
Totals	1,230,509	910,243
Multifamily | Current
Aging of the recorded investment in past due loans by loan segment
Loans	1,230,509	910,243
CRE Owner Occupied
Aging of the recorded investment in past due loans by loan segment
Nonaccrual	553	592
Totals	151,088	111,096
CRE Owner Occupied | Current
Aging of the recorded investment in past due loans by loan segment
Loans	150,535	110,504
CRE Non-owner Occupied
Aging of the recorded investment in past due loans by loan segment
Totals	900,691	818,569
CRE Non-owner Occupied | Current
Aging of the recorded investment in past due loans by loan segment
Loans	900,691	818,569
Consumer and other
Aging of the recorded investment in past due loans by loan segment
Totals	7,495	6,442
Consumer and other | Current
Aging of the recorded investment in past due loans by loan segment
Loans	7,494	$ 6,442
Consumer and other | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Loans	$ 1

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, 2022 USD ($) loan	Dec. 31, 2021 USD ($) loan
Loans
Troubled Debt Restructurings, Number of Loans	2	4
New Troubled Debt Restructurings, Post-Modification Outstanding Balance | $	$ 193	$ 1,400
New Troubled Debt Restructurings, Number of Loans	0
Troubled Debt Restructurings That Subsequently Defaulted Within 12 Months of The Restructure Date, Number of Loans	0

Loans - COVID loan modification

Loans - COVID loan modifications (Details) - COVID-19 related loan modifications $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($) loan
COVID-19 related loan modifications
Amount of loan modifications | $	$ 10,623
Number of Loans | loan	1
CRE Non-owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 10,623
Number of Loans | loan	1
Interest Only
COVID-19 related loan modifications
Amount of loan modifications | $	$ 10,623
Number of Loans | loan	1
Interest Only | CRE Non-owner Occupied
COVID-19 related loan modifications
Amount of loan modifications | $	$ 10,623
Number of Loans | loan	1

Deposits - Composition of depos

Deposits - Composition of deposits (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Deposits, by Type [Abstract]
Transaction Deposits	$ 1,471,480	$ 1,419,873
Savings and Money Market Deposits	1,077,333	863,567
Time Deposits	293,052	293,474
Brokered Deposits	463,209	369,323
Total Deposits	3,305,074	2,946,237
Brokered money market accounts	$ 195,700	$ 131,200

Deposits - Maturities (Details)

Deposits - Maturities (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Scheduled Maturities of Time Deposits
Less than 1 Year	$ 222,981
1 to 2 Years	103,232
2 to 3 Years	114,268
3 to 4 Years	74,726
4 to 5 Years	28,391
Greater than 5 years	17,000
Totals	560,598
Aggregate time deposits greater	$ 100,000	$ 59,600

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Non-hedge Derivatives (Details) - Interest Rate Swap - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Estimated Fair Value, Asset	$ 19,326	$ 2,358
Estimated Fair Value, Liability	(8,492)	(1,567)
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	65,618	49,101
Notional Amount, Liability	65,618	49,101
Notional Amount	131,236	98,202
Estimated Fair Value, Asset	8,492	641
Estimated Fair Value, Liability	$ (8,492)	$ (641)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Cash Flow Derivatives (Details) - Cash flow hedge - Designated as Hedging Instrument - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Cash Flow Hedging Derivatives
Amount expected to be reclassified from AOCI into earnings	$ (3,400)
Interest Rate Swap
Cash Flow Hedging Derivatives
Notional Amount	$ 125,000		$ 125,000
Weighted Average Pay Rate	1.23%		1.27%
Weighted Average Receive Rate	2.24%		0.14%
Weighted average maturity	3 years 7 days		3 years 9 months 3 days
Net Unrealized Gain	$ 10,834		$ 791
Interest Rate Cap
Cash Flow Hedging Derivatives
Notional Amount	$ 125,000		$ 110,000
Weighted average maturity	7 years 7 months 6 days		8 years 8 months 19 days
Initial Premium Paid	$ 6,070		$ 5,859
Weighted Average Strike Rate	0.96%		0.90%
Amortization of interest rate cap premiums	$ 574	$ 212

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Cash Flow Hedging Reclassification (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Cash collateral posted	$ 0	$ 370
Collateral received	38,200	8,600
Cash flow hedge | Interest Rate Swap | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	125,000	90,000
Notional Amount, Liability		35,000
Estimated Fair Value, Asset	10,834	1,717
Estimated Fair Value, Liability		(926)
Cash flow hedge | Interest Rate Cap | Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	125,000	110,000
Estimated Fair Value, Asset	$ 19,203	$ 7,356

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into earnings	$ 119	$ (358)	$ (511)	$ (329)
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	288	(290)	(24)	(827)
Interest Rate Cap | Interest expense | Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain or (Loss) Reclassified from AOCI into earnings	$ (169)	$ (116)	$ (539)	$ (252)

Federal Home Loan Bank Advanc_3

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Loan and Security Agreement | Revolving Line of Credit
Federal Home Loan Bank Advances and Other Borrowings
Bank stock (as a percent)		100%
Borrowing capacity	$ 40	$ 25
Outstanding balance under the revolving line of credit	0	0
Federal Home Loan Bank Advances
Federal Home Loan Bank Advances and Other Borrowings
Principal balances	1,140	930.9
Remaining available borrowings	$ 426.6	$ 550.8

Federal Home Loan Bank Advanc_4

Federal Home Loan Bank Advances and Other Borrowings - Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Weighted Average Rate
Less than 1 Year	2.83%
1 to 2 Years	1.29%
2 to 3 Years	1.22%	1.66%
3 to 4 Years		1.22%
4 to 5 Years	0.78%	0.78%
Total Outstanding
Less than 1 Year	$ 55,000
1 to 2 Years	7,500
2 to 3 Years	5,000	$ 22,500
3 to 4 Years		16,000
4 to 5 Years	4,000	4,000
Advances from Federal Home Loan Banks, Total	$ 71,500	$ 42,500

Subordinated Debentures (Detail

Subordinated Debentures (Details) - Subordinated Note Purchase Agreement - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2022	Dec. 31, 2021
Subordinated Debentures
Subordinated Debentures	$ 93,750	$ 93,750
Debt Issuance Costs	(1,191)	(1,511)
Subordinated Debentures, Net of Issuance Costs	92,559	92,239
5.88% Fixed-to-Floating Rate Subordinated Notes due 2027
Subordinated Debentures
Subordinated Debentures	$ 13,750	$ 13,750
Interest rate (as a percent)	6.62%	6.62%
5.88% Fixed-to-Floating Rate Subordinated Notes due 2027 | LIBOR
Subordinated Debentures
Variable spread on debt (as a percent)	3.88%
5.25% Fixed-to-Floating Rate Subordinated Notes due 2030
Subordinated Debentures
Subordinated Debentures	$ 50,000	$ 50,000
Interest rate (as a percent)	5.25%	5.25%
5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 | SOFR
Subordinated Debentures
Variable spread on debt (as a percent)	5.13%
3.25% Fixed-to-Floating Rate Subordinated Notes due 2031
Subordinated Debentures
Subordinated Debentures	$ 30,000	$ 30,000
Interest rate (as a percent)	3.25%	3.25%
3.25% Fixed-to-Floating Rate Subordinated Notes due 2031 | SOFR
Subordinated Debentures
Variable spread on debt (as a percent)	2.52%

Commitments, Contingencies an_3

Commitments, Contingencies and Credit Risk (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Commitments Outstanding
Unfunded Commitments Under Lines of Credit	$ 837,708	$ 799,148
Letters of Credit	122,438	119,647
Totals	960,146	918,795
Federal Home Loan Bank Advances
Commitments Outstanding
Outstanding letters of credit	$ 95,700	$ 36,500

Stock Options and Restricted _3

Stock Options and Restricted Stock - Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) item shares	Dec. 31, 2021 shares
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
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	44,700	294,700
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	346,247	352,575

Stock Options and Restricted _4

Stock Options and Restricted Stock - Black-Scholes Assumptions (Details)	9 Months Ended
	Sep. 30, 2022
Black-Scholes Assumptions
Expected Life	7 years
Expected Volatility	24.71%
Risk-Free Interest Rate	1.70%

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Stock Option Plans
Outstanding at Beginning of Year			1,768,745
Granted			290,000
Exercised			(28,000)
Forfeitures			(12,000)
Outstanding at Period End	2,018,745		2,018,745
Options Exercisable at Period End	1,348,470		1,348,470
Weighted Average Exercise Price
Outstanding at Beginning of Year			$ 7.67
Granted			17.50
Exercised			3.81
Forfeitures			14.77
Outstanding at Period End	$ 9.10		9.10
Options Exercisable at Period End	$ 7.06		$ 7.06
Stock Options
Weighted Average Exercise Price
Compensation expense for stock options	$ 326	$ 234	$ 926	$ 686

Stock Options and Restricted _6

Stock Options and Restricted Stock - Exercise Price (Details) $ / shares in Units, $ in Millions	9 Months Ended
	Sep. 30, 2022 USD ($) $ / shares shares
Exercise Price
Options Outstanding, Number Outstanding | shares	2,018,745
Options Outstanding, Weighted Average Exercise Price	$ 9.10
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 3 months 18 days
Options Exercisable, Number Outstanding | shares	1,348,470
Options Exercisable, Weighted Average Exercise Price	$ 7.06
Total unrecognized compensation cost | $	$ 1.8
Weighted-average period over which total unrecognized compensation cost is expected to be recognized (in years)	2 years 9 months 18 days
2.13 - 3.99
Exercise Price
Exercise Price, lower range	$ 2.13
Exercise Price, upper range	$ 3.99
Options Outstanding, Number Outstanding | shares	384,000
Options Outstanding, Weighted Average Exercise Price	$ 3.04
Options Outstanding, Weighted Average Remaining Contractual Life	1 year 3 months 18 days
Options Exercisable, Number Outstanding | shares	384,000
Options Exercisable, Weighted Average Exercise Price	$ 3.04
7.00 - 7.99
Exercise Price
Exercise Price, lower range	7
Exercise Price, upper range	$ 7.99
Options Outstanding, Number Outstanding | shares	926,717
Options Outstanding, Weighted Average Exercise Price	$ 7.47
Options Outstanding, Weighted Average Remaining Contractual Life	5 years
Options Exercisable, Number Outstanding | shares	733,317
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	7 years 6 months
Options Exercisable, Number Outstanding | shares	7,500
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	7 years 8 months 12 days
Options Exercisable, Number Outstanding | shares	5,000
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	6 years 7 months 6 days
Options Exercisable, Number Outstanding | shares	51,000
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	267,528
Options Outstanding, Weighted Average Exercise Price	$ 12.90
Options Outstanding, Weighted Average Remaining Contractual Life	6 years 10 months 24 days
Options Exercisable, Number Outstanding | shares	145,028
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	5 years 7 months 6 days
Options Exercisable, Number Outstanding | shares	20,000
Options Exercisable, Weighted Average Exercise Price	$ 13.22
17.00 - 17.99
Exercise Price
Exercise Price, lower range	17
Exercise Price, upper range	$ 17.99
Options Outstanding, Number Outstanding | shares	300,500
Options Outstanding, Weighted Average Exercise Price	$ 17.50
Options Outstanding, Weighted Average Remaining Contractual Life	9 years 3 months 18 days
Options Exercisable, Number Outstanding | shares	2,625
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, 2022 $ / shares shares
Number of Shares
Nonvested Options at beginning of period | shares	435,900
Granted | shares	290,000
Vested | shares	(43,625)
Forfeited | shares	(12,000)
Nonvested Options at end of period | shares	670,275
Weighted Average Grant Date Fair Value
Nonvested Options at beginning of period | $ / shares	$ 3.43
Granted | $ / shares	5.28
Vested | $ / shares	3.95
Forfeited | $ / shares	5.12
Nonvested Options at end of period | $ / shares	$ 4.17

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Compensation expense
Weighted-average period for non vested restricted stock awards			2 years 9 months 18 days
Restricted Stock Awards
Number of Shares
Vesting period			4 years
Nonvested Awards at beginning of period			75,113
Vested			(2,786)
Forfeited			(1,000)
Nonvested Awards at end of period	71,327		71,327
Weighted Average Grant Date Fair Value
Nonvested Awards at beginning of period			$ 12.59
Vested			10.32
Forfeited			12.92
Nonvested Awards at end of period	$ 12.68		$ 12.68
Compensation expense
Compensation expense recognized	$ 113	$ 115	$ 335	$ 340
Unrecognized compensation cost	$ 546		$ 546
Weighted-average period for non vested restricted stock awards			1 year 2 months 12 days
Shares issued for services on board of directors			14,400
Value of shares issued for services on board of directors			$ 236

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
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Compensation expense
Weighted-average period for non vested restricted stock awards			2 years 9 months 18 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		1
Vesting period			4 years
Nonvested Awards at beginning of period			344,908
Granted			2,500
Vested			(5,100)
Forfeited			(9,572)
Nonvested Awards at end of period	332,736		332,736
Weighted Average Grant Date Fair Value
Nonvested Awards at beginning of period			$ 15.02
Granted			17.50
Vested			15.67
Forfeited			15.12
Nonvested Awards at end of period	$ 15.02		$ 15.02
Compensation expense
Compensation expense recognized	$ 358	$ 179	$ 1,100	$ 499
Unrecognized compensation cost	$ 3,900		$ 3,900
Weighted-average period for non vested restricted stock awards			2 years 9 months 18 days

Regulatory Capital - Capital Am

Regulatory Capital - Capital Amounts and Ratios (Details) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Total Risk-Based Capital
Total Risk-Based Capital, Actual amount	$ 535,184	$ 499,554
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	310,810	256,966
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conversion Buffer, amount	$ 407,939	$ 337,268
Total Risk-Based Capital, Actual ratio	0.1378	0.1555
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	$ 395,765	$ 367,161
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	233,108	192,725
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 330,236	$ 273,027
Tier 1 Risk-Based Capital, Actual ratio	0.1019	0.1143
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	$ 329,251	$ 300,647
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	174,831	144,543
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 271,959	$ 224,845
Common Equity Tier 1 Capital, Actual ratio	0.0847	0.0936
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%	7%
Leverage Ratio
Tier 1 Leverage Ratio, Actual amount	$ 395,765	$ 367,161
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, amount	158,647	135,723
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 158,647	$ 135,723
Tier 1 Leverage Ratio, Actual ratio	0.0998	0.1082
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	$ 491,982	$ 415,848
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	310,689	257,005
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conversion Buffer, amount	407,779	337,319
Total Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 388,361	$ 321,256
Total Risk-Based Capital, Actual ratio	0.1267	0.1294
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	$ 445,131	$ 375,688
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	233,017	192,754
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	330,107	273,068
Tier 1 Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 310,689	$ 257,005
Tier 1 Risk-Based Capital, Actual ratio	0.1146	0.1169
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	$ 445,131	$ 375,688
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	174,762	144,565
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	271,853	224,879
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 252,435	$ 208,816
Common Equity Tier 1 Capital, Actual ratio	0.1146	0.1169
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%	7%
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	$ 445,131	$ 375,688
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, amount	158,453	135,508
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	158,453	135,508
Tier 1 Leverage Ratio, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 198,067	$ 169,386
Tier 1 Leverage Ratio, Actual ratio	0.1124	0.1109
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, 2022	Dec. 31, 2021
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	$ 542,007	$ 439,362
Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets	580,536	449,076
Total Fair Value of Financial Liabilities	8,492	1,567
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	2,338	754
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	2,338	754
Municipal Bonds
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	170,236	158,369
Municipal Bonds | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	170,236	158,369
Mortgage-Backed Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	191,585	124,537
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	191,585	124,537
Corporate Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	108,060	84,480
Corporate Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	108,060	84,480
SBA Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	22,540	30,370
SBA Securities | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	22,540	30,370
Asset-Backed Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	47,248	40,852
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	47,248	40,852
Interest Rate Cap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	19,203	7,356
Interest Rate Cap | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	19,203	7,356
Interest Rate Swap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	19,326	2,358
Interest Rate Swaps	8,492	1,567
Interest Rate Swap | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	19,326	2,358
Interest Rate Swaps	8,492	1,567
Level 1
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	2,338	754
Level 1 | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets	2,338	754
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	2,338	754
Level 2
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	539,669	438,608
Level 2 | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets	578,198	448,322
Total Fair Value of Financial Liabilities	8,492	1,567
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	170,236	158,369
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	191,585	124,537
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	108,060	84,480
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	22,540	30,370
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	47,248	40,852
Level 2 | Interest Rate Cap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	19,203	7,356
Level 2 | Interest Rate Cap | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	19,203	7,356
Level 2 | Interest Rate Swap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	19,326	2,358
Interest Rate Swaps	8,492	1,567
Level 2 | Interest Rate Swap | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	19,326	2,358
Interest Rate Swaps	$ 8,492	$ 1,567

Fair Value Measurement - Nonrec

Fair Value Measurement - Nonrecurring (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	$ 1,500	$ 3,025	$ 1,300	$ 6,200	$ 4,000
Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss				234		$ 625
Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss				234		625
Level 2 | Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	11,984			11,984		9,360
Level 2 | Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	$ 11,984			$ 11,984		$ 9,360

Fair Value Measurement - Estima

Fair Value Measurement - Estimated Fair Value (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Financial Assets:
Cash and Due From Banks	$ 75,496	$ 143,473
Bank-Owned Certificates of Deposit	1,182	1,876
Securities Available for Sale, at Fair Value	542,007	439,362
FHLB Stock, at Cost	15,603	5,242
Loans, Net	3,324,503	2,769,917
Accrued Interest Receivable	11,198	9,186
Financial Liabilities:
Deposits	3,305,073	2,946,237
Federal Funds Purchased	212,000
FHLB Advances	71,500	42,500
Subordinated Debentures	92,559	92,239
Accrued Interest Payable	2,214	1,409
Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	19,203	7,356
Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	19,326	2,358
Financial Liabilities:
Interest Rate Swaps	8,492	1,567
Level 1
Financial Assets:
Cash and Due From Banks	75,496	143,473
Securities Available for Sale, at Fair Value	2,338	754
Level 2
Financial Assets:
Bank-Owned Certificates of Deposit	1,168	1,884
Securities Available for Sale, at Fair Value	539,669	438,608
FHLB Stock, at Cost	15,603	5,242
Loans, Net	3,199,676	2,726,417
Accrued Interest Receivable	11,198	9,186
Financial Liabilities:
Deposits	3,275,575	2,931,215
Federal Funds Purchased	212,000
FHLB Advances	70,336	42,515
Subordinated Debentures	89,674	97,700
Accrued Interest Payable	2,214	1,409
Level 2 | Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	19,203	7,356
Level 2 | Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	19,326	2,358
Financial Liabilities:
Interest Rate Swaps	8,492	1,567
Estimated Fair Value
Financial Assets:
Cash and Due From Banks	75,496	143,473
Bank-Owned Certificates of Deposit	1,168	1,884
Securities Available for Sale, at Fair Value	542,007	439,362
FHLB Stock, at Cost	15,603	5,242
Loans, Net	3,199,676	2,726,417
Accrued Interest Receivable	11,198	9,186
Financial Liabilities:
Deposits	3,275,575	2,931,215
Federal Funds Purchased	212,000
FHLB Advances	70,336	42,515
Subordinated Debentures	89,674	97,700
Accrued Interest Payable	2,214	1,409
Estimated Fair Value | Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	19,203	7,356
Estimated Fair Value | Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	19,326	2,358
Financial Liabilities:
Interest Rate Swaps	$ 8,492	$ 1,567

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Thousands			9 Months Ended
	Oct. 25, 2022	Oct. 15, 2022	Sep. 30, 2021
Subsequent Events
Redemption of subordinated debt			$ 11,250
Series A Preferred Stock | Subsequent Event
Subsequent Events
Dividend per share	$ 36.72
Preferred Stock, dividend rate (as a percent)	5.875%
Depositary Shares | Subsequent Event
Subsequent Events
Dividend per share	$ 0.3672
Subordinated Note Purchase Agreement | Revolving Line of Credit | Subsequent Event
Subsequent Events
Amount drawn from credit facility		$ 13,800
Subordinated Note Purchase Agreement | 5.88% Fixed-to-Floating Rate Subordinated Notes due 2027 | Subsequent Event
Subsequent Events
Redemption of subordinated debt		$ 13,800