Bridgewater Bancshares (BWB) 10-K 7 Mar 23 2022 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2022	Feb. 20, 2023	Jun. 30, 2022
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	false
Auditor Name	CliftonLarsonAllen LLP
Auditor Firm ID	655
Auditor Location	Minneapolis, Minnesota
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,756,170
Entity Public Float			$ 342,969,738
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0001341317
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 Par Value
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	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Cash and Cash Equivalents	$ 87,043	$ 143,473
Bank-Owned Certificates of Deposit	1,181	1,876
Securities Available for Sale, at Fair Value	548,613	439,362
Loans, Net of Allowance for Loan Losses of $47,996 at December 31, 2022, and $40,020 at December 31, 2021	3,512,157	2,769,917
Federal Home Loan Bank (FHLB) Stock, at Cost	19,606	5,242
Premises and Equipment, Net	48,445	49,395
Accrued Interest	13,479	9,186
Goodwill	2,626	2,626
Other Intangible Assets, Net	288	479
Bank-Owned Life Insurance	33,485	25,316
Other Assets	78,739	30,787
Total Assets	4,345,662	3,477,659
Deposits:
Noninterest Bearing	884,272	875,084
Interest Bearing	2,532,271	2,071,153
Total Deposits	3,416,543	2,946,237
Federal Funds Purchased	287,000
Notes Payable	13,750
FHLB Advances	97,000	42,500
Subordinated Debentures, Net of Issuance Costs	78,905	92,239
Accrued Interest Payable	2,831	1,409
Other Liabilities	55,569	16,002
Total Liabilities	3,951,598	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 December 31, 2022 and December 31, 2021	66,514	66,514
Common Stock- $0.01 par value; Authorized 75,000,000 Common Stock - Issued and Outstanding 27,751,950 at December 31, 2022 and 28,206,566 at December 31, 2021	278	282
Additional Paid-In Capital	96,529	104,123
Retained Earnings	248,685	199,347
Accumulated Other Comprehensive Income (Loss)	(17,942)	9,006
Total Shareholders' Equity	394,064	379,272
Total Liabilities and Equity	$ 4,345,662	$ 3,477,659

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Allowance of loan loss	$ 47,996	$ 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)	27,751,950	28,206,566
Common stock, shares outstanding (in shares)	27,751,950	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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INTEREST INCOME
Loans, Including Fees	$ 146,256	$ 118,845	$ 105,492
Investment Securities	16,410	9,576	8,720
Other	1,029	458	614
Total Interest Income	163,695	128,879	114,826
INTEREST EXPENSE
Deposits	23,379	13,842	19,813
Notes Payable	202	61	439
FHLB Advances	1,221	831	3,390
Subordinated Debentures	4,688	4,630	3,109
Federal Funds Purchased	4,507	6	111
Total Interest Expense	33,997	19,370	26,862
NET INTEREST INCOME	129,698	109,509	87,964
Provision for Loan Losses	7,700	5,150	12,750
NET INTEREST INCOME AFTER PROVISION FOR LOAN LOSSES	121,998	104,359	75,214
NONINTEREST INCOME
Customer Service Fees	1,236	1,007	826
Net Gain on Sales of Available for Sale Securities	82	750	1,503
Other Income	5,014	3,552	3,510
Total Noninterest Income	6,332	5,309	5,839
NONINTEREST EXPENSE
Salaries and Employee Benefits	36,941	30,889	25,568
Occupancy and Equipment	4,390	3,916	3,258
Other Expense	15,289	13,290	16,561
Total Noninterest Expense	56,620	48,095	45,387
INCOME BEFORE INCOME TAXES	71,710	61,573	35,666
Provision for Income Taxes	18,318	15,886	8,472
NET INCOME	53,392	45,687	27,194
Preferred Stock Dividends	(4,054)	(1,171)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 49,338	$ 44,516	$ 27,194
EARNINGS PER SHARE
Basic (in dollars per share)	$ 1.78	$ 1.59	$ 0.95
Diluted (in dollars per share)	$ 1.72	$ 1.54	$ 0.93

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Consolidated Statements of Comprehensive Income
Net Income	$ 53,392	$ 45,687	$ 27,194
Other Comprehensive Income (Loss):
Unrealized Gains (Losses) on Available for Sale Securities	(56,914)	(1,689)	6,394
Unrealized Gains (Losses) on Cash Flow Hedges	20,430	3,991	(3,185)
Reclassification Adjustment for (Gains) Losses Realized in Income	(90)	770	(924)
Income Tax Impact	9,626	(645)	(480)
Total Other Comprehensive Income (Loss), Net of Tax	(26,948)	2,427	1,805
Comprehensive Income	$ 26,444	$ 48,114	$ 28,999

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, 2019		$ 290	$ 112,093	$ 127,637	$ 4,774	$ 244,794
Balance at the beginning (in shares) at Dec. 31, 2019		28,973,572
Stock-based Compensation			1,668			1,668
Stock-based Compensation (in shares)		29,050
Comprehensive Income (Loss)				27,194	1,805	28,999
Stock Options Exercised		$ 1	316			317
Stock Options Exercised (in shares)		74,400
Stock Repurchases		$ (10)	(10,324)			(10,334)
Stock Repurchases (in shares)		(940,781)
Issuance of Restricted Stock Awards (in shares)		18,641
Forfeiture of Restricted Stock Awards (in shares)		(8,200)
Restricted Shares Withheld for Taxes			(39)			(39)
Restricted Shares Withheld for Taxes (in shares)		(3,189)
Balance at the end at Dec. 31, 2020		$ 281	103,714	154,831	6,579	265,405
Balance at the end (in shares) at Dec. 31, 2020		28,143,493
Stock-based Compensation			2,426			2,426
Stock-based Compensation (in shares)		18,920
Comprehensive Income (Loss)				45,687	2,427	48,114
Preferred Stock Offering, Net of Issuance Costs	$ 66,514					66,514
Stock Options Exercised		$ 2	722			$ 724
Stock Options Exercised (in shares)		164,405				164,405
Stock Repurchases		$ (2)	(2,299)			$ (2,301)
Stock Repurchases (in shares)		(146,445)
Vested Restricted Stock Units		$ 1	(1)
Vested Restricted Stock Units (in shares)		51,146
Restricted Shares Withheld for Taxes			(439)			(439)
Restricted Shares Withheld for Taxes (in shares)		(24,953)
Preferred Stock Dividend				(1,171)		(1,171)
Balance at the end at Dec. 31, 2021	66,514	$ 282	104,123	199,347	9,006	379,272
Balance at the end (in shares) at Dec. 31, 2021		28,206,566
Stock-based Compensation			3,340			3,340
Stock-based Compensation (in shares)		19,024
Comprehensive Income (Loss)				53,392	(26,948)	26,444
Stock Options Exercised		$ 1	576			$ 577
Stock Options Exercised (in shares)		133,301				133,301
Stock Repurchases		$ (6)	(10,772)			$ (10,778)
Stock Repurchases (in shares)		(662,765)
Forfeiture of Restricted Stock Awards			(2)			(2)
Forfeiture of Restricted Stock Awards (in shares)		(1,000)
Vested Restricted Stock Units		$ 1	(1)
Vested Restricted Stock Units (in shares)		96,786
Restricted Shares Withheld for Taxes			(735)			(735)
Restricted Shares Withheld for Taxes (in shares)		(39,962)
Preferred Stock Dividend				(4,054)		(4,054)
Balance at the end at Dec. 31, 2022	$ 66,514	$ 278	$ 96,529	$ 248,685	$ (17,942)	$ 394,064
Balance at the end (in shares) at Dec. 31, 2022		27,751,950

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 53,392	$ 45,687	$ 27,194
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net Amortization on Securities Available for Sale	1,867	3,362	2,691
Net Gain on Sales of Securities Available for Sale	(82)	(750)	(1,503)
Provision for Loan Losses	7,700	5,150	12,750
Depreciation of Premises and Equipment	2,565	2,369	1,206
Loss on Sale of Premises and Equipment	18		2
Amortization of Other Intangible Assets	191	191	191
Amortization of Right-of use Asset	497
Amortization of Subordinated Debt Issuance Costs	416	441	223
Stock-based Compensation	3,340	2,426	1,668
Deferred Income Taxes	(1,401)	(4,522)	(2,590)
Changes in Operating Assets and Liabilities:
Accrued Interest Receivable and Other Assets	(14,080)	(4,064)	(5,121)
Accrued Interest Payable and Other Liabilities	30,576	3,946	(13,692)
Net Cash Provided by Operating Activities	84,999	54,236	23,019
CASH FLOWS FROM INVESTING ACTIVITIES
(Increase) Decrease in Bank-Owned Certificates of Deposit	695	984	(206)
Proceeds from Sales of Securities Available for Sale	64,439	11,877	40,862
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale	38,226	44,235	32,577
Purchases of Securities Available for Sale	(268,259)	(109,898)	(170,488)
Net Increase in Loans	(749,940)	(492,631)	(411,320)
Net (Increase) Decrease in FHLB Stock	(14,364)	(215)	2,797
Purchases of Premises and Equipment	(1,633)	(777)	(24,688)
Proceeds from Sales of Foreclosed Assets			134
Purchase of Bank-Owned Life Insurance	(7,407)	(25,000)
Net Cash Used in Investing Activities	(938,243)	(571,425)	(530,332)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase in Deposits	470,306	444,601	678,326
Net Increase in Federal Funds Purchased	287,000
Principal Proceeds (Payments) on Notes Payable	13,750	(11,000)	(2,000)
Proceeds from FHLB Advances	158,000		100,000
Principal Payments on FHLB Advances	(103,500)	(15,000)	(179,000)
Issuance of Preferred Stock, net of Issuance Costs		66,514
Preferred Stock Dividends Paid	(4,054)	(1,171)
Issuance of Subordinated Debt, net of Issuance Costs		29,309	48,783
Redemption of Subordinated Debt	(13,750)	(11,250)
Stock Options Exercised	577	724	317
Stock Repurchases	(10,778)	(2,301)	(10,334)
Forfeiture of Restricted Stock Awards	(2)
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards	(620)	(439)	(39)
Shares Repurchased for Tax Withholdings Upon Exercise of Stock Options	(115)
Net Cash Provided by Financing Activities	796,814	499,987	636,053
NET CHANGE IN CASH AND CASH EQUIVALENTS	(56,430)	(17,202)	128,740
Cash and Cash Equivalents Beginning	143,473	160,675	31,935
Cash and Cash Equivalents Ending	87,043	143,473	160,675
SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash Paid for Interest	32,159	19,135	27,004
Cash Paid for Income Taxes	20,565	$ 19,376	10,723
Loans Transferred to Foreclosed Assets			134
Premises and Equipment Transferred to Other Assets			$ 121
Net Investment Securities Purchased but Not Settled	$ 2,438

Description of the Business and

Description of the Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 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 headquartered in St. Louis Park, Minnesota, 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 subsidiary of the Company. It insures the Company and its subsidiaries against certain risks unique to the operations of the Company and for which insurance may not be currently available or economically feasible in today’s insurance marketplace. Bridgewater Risk Management pools resources with several other insurance company subsidiaries of financial institutions to spread a limited amount of risk among themselves. Principles of Consolidation The 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 judgments includes, but is not limited to, changes in interest rates, changes in the performance of the economy, including COVID-19 pandemic related changes, and changes in the financial condition of borrowers. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses, calculation of deferred tax assets, fair value of financial instruments, and investment securities impairment. Emerging Growth Company The Company qualifies as an “emerging growth company” under the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and may take advantage of certain exemptions from various reporting requirements that are applicable to public companies that are not emerging growth companies, including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. In addition, even if the Company complies with the greater obligations of public companies that are not emerging growth companies, the Company may avail itself of the reduced requirements applicable to emerging growth companies from time to time in the future, so long as the Company is an emerging growth company. The Company will continue to be an emerging growth company until the earliest to occur of: (1) the end of the fiscal year following the fifth anniversary of the date of the first sale of common equity securities under the Company’s Registration Statement on Form S-1, which was declared effective by the SEC on March 13, 2018; (2) the last day of the fiscal year in which the Company has $1.235 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, or 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. Management cannot predict if investors will find the Company’s common stock less attractive because it will rely on these exemptions. If some investors find the Company’s common stock less attractive as a result, there may be a less active trading market for its common stock and the Company’s stock price may be more volatile. 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. Cash and Cash Equivalents For purpose of the consolidated statements of cash flows, cash and cash equivalents include cash, both interest bearing and noninterest bearing balances due from banks and federal funds sold, all of which mature within 90 days. Cash flows from loans and deposits are reported net. Bank-Owned Certificates of Deposit Bank-owned certificates of deposit mature within five years and are carried at cost. Securities Available for Sale Debt securities are classified as available for sale and are carried at fair value with unrealized gains and losses reported in other comprehensive income (loss). Realized gains and losses on securities available for sale are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income (loss). Gains and losses on sales of securities are determined using the specific identification method on the trade date. The amortization of premiums and accretion of discounts are recognized in interest income over the estimated life (earliest call date, maturity, or estimated life) using a prospective method that approximates level yield. Declines in the fair value of individual available for sale securities below their cost that are other than temporary result in write-downs of the individual securities to the fair value. The Company monitors the investment securities portfolio for impairment on an individual security basis and has a process in place to identify securities that could potentially have a credit impairment that is other than temporary. This process involves analyzing the length of time and the extent to which the fair value has been less than the amortized cost basis, the market liquidity for the security, the financial condition and near-term prospects of the issuer, expected cash flows, and the Company’s intent and ability to hold the investment for a period of time sufficient to recover the temporary loss. The ability to hold is determined by whether it is more likely than not that the Company will be required to sell the security before its anticipated recovery. A decline in value due to a credit event that is considered other than temporary is recorded as a loss in noninterest income. Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid balances adjusted for charge-offs, the allowance for loan losses, any deferred fees or costs on originated loans, and premiums or discounts on purchased loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and recognized as an adjustment of the related loan yield using the interest method. Amortization of deferred loan fees is discontinued when a loan is placed on nonaccrual status. The accrual of interest on all loans is discounted if the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued, but not collected for loans that are placed on nonaccrual or charged-off is reversed against interest income and amortization of related deferred loan fees or costs is suspended. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. The cash-basis is used when a determination has been made that the principal and interest of the loan is collectible. If collectability of the principal and interest is in doubt, payments are applied to loan principal. The determination of ultimate collectability is supported by a current, well documented credit evaluation of the borrower’s financial condition and prospects for repayment, including consideration of the borrower’s sustained historical repayment performance and other relevant factors. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, the borrower has demonstrated a period of sustained performance, and future payments are reasonably assured. A sustained period of repayment performance generally would be a minimum of six months. Allowance for Loan Losses The allowance for loan losses (the “allowance”) is an estimate of loan losses inherent in the Company’s loan portfolio. The allowance is established through a provision for loan losses which is charged to expense. Additions to the allowance are expected to maintain the adequacy of the total allowance after loan losses and loan growth. Loan losses are charged-off against the allowance when the Company determines all or a portion of the loan balance to be uncollectible. Cash received on previously charged-off amounts is recorded as a recovery to the allowance. The allowance consists of three primary components, general reserves, specific reserves related to impaired loans, and unallocated reserves. The general component covers nonimpaired loans and is based on historical losses adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent five years. This actual loss experience is adjusted for economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; trends in volume and terms of loans; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions, including uncertainty related to effects of the COVID-19 pandemic; industry conditions; COVID-19 pandemic related modifications; and effects of change in credit concentrations. These factors are inherently subjective and are driven by the repayment risk associated with each portfolio segment. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Loans determined to be impaired are individually evaluated for impairment. An impaired loan is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or, as a practical expedient, at the loan’s observable market price, or the fair value of the underlying collateral. The fair value of collateral, reduced by costs to sell on a discounted basis, is used if a loan is collateral dependent. A loan is collateral dependent if the repayment is expected to be provided solely by the underlying collateral. Allowance allocations other than general and specific reserves are included in the unallocated portion. While allocations are made for loans and leases based upon historical loss analysis, the unallocated portion is designed to cover the uncertainty of how current economic conditions and other uncertainties may impact the existing loan portfolio. Factors to consider include global, national and state economic conditions such as changes in unemployment rates and productivity, geopolitical tensions, monetary and fiscal policy uncertainty, political gridlock, and real estate market trends. The unallocated reserve addresses inherent probable losses not included elsewhere in the allowance for loan losses. Under certain circumstances, the Company will provide borrowers relief through loan restructurings. A restructuring of debt constitutes a troubled debt restructuring (TDR) if the Company, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider. Restructured loans typically present an elevated level of credit risk as the borrowers are not able to perform according to the original contractual terms. Loans that are reported as TDRs are considered impaired and measured for impairment as described above in the calendar year of the restructuring. In subsequent years, a restructured loan may cease being classified as impaired if the loan was modified at a market rate and is performing according to the modified terms. TDR concessions can include reduction of interest rates, extension of maturity dates, forgiveness of principal or interest due, or acceptance of other assets in full or partial satisfaction of the debt. Restructured loans can involve loans remaining on nonaccrual, moving to nonaccrual, or continuing on accrual status, depending on the individual facts and circumstances of the borrower. Nonaccrual restructured loans are included with other nonaccrual loans. The Coronavirus Aid, Relief and Economic Security Act, or, CARES Act, signed into law on March 27, 2020, included provisions that provide temporary relief from TDR accounting for certain types of modifications. Under these provisions, modifications deemed to be COVID-19-related would not be considered a TDR if the loan was not more than 30 days past due as of December 31, 2019 and the deferral was executed between March 1, 2020 and the earlier of 60 days after the date of termination of the COVID-19 national emergency or December 31, 2020. The termination of these provisions was extended, to the earlier of 60 days after the COVID-19 national emergency date or January 1, 2022, by the Consolidated Appropriations Act, 2021. The banking regulators issued similar guidance, which also clarified that a COVID-19-related modification should not be considered a TDR if the borrower was current on payments at the time the underlying loan modification program was implemented and if the modification was considered to be short-term. Modifications are first evaluated for eligibility under the CARES Act, then the interagency guidance if they do not qualify for the CARES Act relief. Modifications that are not eligible for either program continue to follow the Company’s established TDR policy. Additionally, loans with deferrals granted due to COVID-19 are not generally reported as past due or nonaccrual. The Company assigns risk ratings to all loans and periodically performs detailed internal reviews of all such loans over a certain threshold to identify credit risks and to assess the overall collectability of the portfolio. These risk ratings are also subject to examination by the Company’s regulators. During the internal reviews, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which the borrowers operate, and the fair values of collateral securing the loans. These credit quality indicators are used to assign a risk rating to each individual loan. The risk ratings can be grouped into five major categories defined as follows: Pass: Watch: Substandard: Doubtful: Loss : The Company maintains a separate general valuation allowance for each portfolio segment. These portfolio segments include commercial, Paycheck Protection Program, construction and land development, 1-4 family mortgage, multifamily, CRE owner occupied, CRE nonowner occupied, and consumer and other with risk characteristics described as follows: Commercial: Paycheck Protection Program: two Construction and Land Development: 1-4 Family Mortgage: Multifamily: CRE Owner Occupied: business cycles, unemployment and other key economic indicators, which could impact the cash flows of the business and their ability to make rental payments. Certain types of businesses also may require specialized facilities that can increase costs and may not be economically feasible to an alternative user, which could adversely impact the market value of the collateral. CRE Nonowner Occupied: Consumer and Other: Although management believes the allowance to be adequate, ultimate losses may vary from its estimates. At least quarterly, the Board of Directors reviews the adequacy of the allowance, including consideration of the relevant risks in the portfolio, current economic conditions, and other factors. If the Board of Directors and management determine that changes are warranted based on those reviews, the allowance is adjusted. In addition, the Company’s regulators assess the adequacy of the allowance from time to time. The regulatory agencies may require adjustments to the allowance based on their judgment about information available at the time of their review and examinations. Off-Balance Sheet Instruments In the ordinary course of business, the Company has entered into off-balance sheet instruments including commitments to extend credit and unfunded commitments under lines of credit, standby letters of credit, and commercial letters of credit. Such financial instruments are recorded in the consolidated financial statements when they become payable. The Company maintains a separate allowance for off-balance sheet commitments. Management estimates anticipated losses using historical data and utilization assumptions. The allowance for off-balance sheet commitments is included in other liabilities. Federal Home Loan Bank Stock The Bank is a member of FHLB Des Moines. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. Restricted stock is carried at cost and periodically evaluated for impairment. Because this stock is viewed as a long-term investment, impairment is based on ultimate recovery at par value. Both cash and stock dividends are reported as income. Premises and Equipment Land is stated at cost. Premises and equipment are stated at cost less accumulated depreciation on the straight-line method over the estimated useful lives of the assets. Leasehold improvements are depreciated over the shorter of the estimated useful life or lease term for leasehold improvements. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on dispositions are included in current operations. Foreclosed Assets Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated selling cost at the date of foreclosure, establishing a new cost basis. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the allowance. Subsequent to foreclosure, valuations are periodically performed by management and the assets held for sale are carried at the lower of the new cost basis or fair value less cost to sell. This evaluation is inherently subjective and requires estimates that are susceptible to significant revisions as more information becomes available. Impairment losses on assets to be held and used are measured at the amount by which the carrying amount of a property exceeds its fair value. Costs relating to holding and improving assets are expensed. Revenues and expenses from operations are included in other noninterest income and expense on the income statement. Goodwill and Intangible Assets Intangible assets attributed to the value of core deposits and favorable lease terms are stated at cost less accumulated amortization and reported in other intangible assets in the consolidated balance sheets. Intangible assets are amortized on a straight-line basis over the estimated lives of the assets. The excess of purchase price over fair value of net assets acquired is recorded as goodwill and is not amortized. The Company evaluates whether goodwill and other intangible assets may be impaired at least annually and whenever events or changes in circumstances indicate it is more likely than not the fair value of the reporting unit or asset is less than its carrying amount. Leases Leases are classified as operating or finance leases at the lease commencement date. Lease expense for operating leases and short-term leases is recognized on a straight-line basis over the lease team. The Company includes lease extension and termination options in the lease term if, after considering relevant economic factors, it is reasonably certain the Company will exercise the extension or termination option. Right-of-use (ROU) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of the lease payments over the lease term. The Company's ROU asset is included in other assets and its lease liability is included in other liabilities in the accompanying consolidated balance sheets. The Company uses its incremental borrowing rate at lease commencement to calculate the present value of lease payments when the rate implicit in a lease is not known. The Company's incremental borrowing rate is based on the FHLB amortizing advance rate, adjusted for the lease term and other factors. The Company has elected not to recognize leases with original terms of 12 months or less on the consolidated balance sheet. Bank-Owned Life Insurance The Company has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement. Transfers of Financial Assets and Participating Interests Transfers of an entire financial asset or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before maturity. The transfer of a participating interest in an entire financial asset must also meet the definition of a participating interest. A participating interest in a financial asset has all of the following characteristics: (1) from the date of transfer, it must represent a proportionate (pro rata) ownership interest in the financial asset, (2) from the date of transfer, all cash flows received, except any cash flows allocated as any compensation for servicing or other services performed, must be divided proportionately among participating interest holders in the amount equal to their share ownership, (3) the rights of each participating interest holder must have the same priority, and (4) no party has the right to pledge or exchange the entire financial asset unless all participating interest holders agree to do so. Advertising Advertising costs are expensed as incurred. Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. These calculations are based on many factors including estimates of the timing of reversals of temporary differences, the interpretation of federal and state income tax laws, and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax liabilities. Under GAAP, a valuation allowance is required to be recognized if it is “more likely than not” that the deferred tax asset will not be realized. The determination of the realizability of the deferred tax assets is highly subjective and dependent upon judgment concerning management’s evaluation of both positive and negative evidence, the forecasts of future income, applicable tax planning strategies, and assessments of the current and future economic and business conditions. In preparation of the income tax returns, tax positions are taken based on interpretation of federal and state income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts ultimately due or owed. The Company can recognize in financial statements the impact of a tax position taken, or expected to be taken, if it is more likely than not that the position will be sustained on audit based on the technical merit of the position. The Company recognizes both interest and penalties as a component of other noninterest expense. The amount of the uncertain tax positions was not deemed to be material. It is not expected that the unrecognized tax benefit will be material within the next 12 months. The Company did not recognize any interest or penalties for the years ended December 31, 2022, 2021 and 2020. The Company is no longer subject to federal or state tax examination by tax authorities for years ending before December 31, 2019. Tax Credit Investments The Company invests in qualified affordable housing projects and federal historic projects for the purpose of community reinvestment and obtaining tax credits. These investments are included in other assets on the balance sheet, with any unfunded commitments included within other liabilities. The qualified affordable housing projects are accounted for under the proportional amortization method. Under the proportional amortization method, the initial cost of the investment is recognized over the period that the Company expects to receive the tax credits, with the expense included within income tax expense on the consolidated statements of income. The historic tax credits are accounted for under the equity method, with the expense included within noninterest expense on the consolidated statements of income. Management analyzes these investments for potential impairment when events or changes in circumstances indicate that it is more likely than not that the carrying amount of the investment will not be realized. An impairment loss is measured as the amount by which the carrying amount of an investment exceeds its fair value. Comprehensive Income Recognized revenue, expenses, gains, and losses are included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on securities available for sale and changes in the fair value of derivative instruments designated as a cash flow hedge, are reported as a separate component of the equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income. Derivative Financial Instruments The Company uses derivative financial instruments, which consist of interest rate swaps and interest rate caps, to assist in its interest rate risk management. All derivatives are measured and reported at fair value on the Company’s consolidated balance sheet as other assets or other liabilities. The accounting for changes in fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship. If the derivative instrument is not designated as a hedge, changes in the fair value of the derivative instrument are recognized in earnings, specifically in noninterest income. 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. and international financial institutions in order to minimize the risk to the Company. These swaps are derivatives, but are not designated as hedging instruments. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. The Company prepares written hedge documentation for all derivatives which are designed as hedges. The written hedge documentation includes identification of, among other items, the risk management objective, hedging instrument, hedged item and methodologies for assessing and measuring hedge effectiveness and ineffectiveness, along with support for management's assertion that the hedge will be highly effective. Assessments of hedge effectiveness and measurements of hedge ineffectiveness are performed at least quarterly. For a cash flow hedge that is effective, the gain or loss on the derivative is reported as a component in other comprehensive income (loss) and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in expected cash flows of the hedged item are recognized immediately in current earnings. To determine fair value, the Company uses third party pricing models that incorporate assumptions about market conditions and risks that are current at the reporting date. The Company does not use derivative instruments for trading or speculative purposes. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Hedge accounting discontinues on transactions that are no longer deemed effective, or for which the derivative has been terminated or de-designated. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transaction is still expected to occur, changes in value that were accumulated in other comprehensive income are amortized or accreted into earnings over the same periods which the hedged transactions will affect earnings. Stock-based Compensation The Company’s stock-based compensation plans provide for awards of stock options, restricted stock awards and restricted stock units to the Company’s directors, officers and employees. The cost of employee services received in exchange for awards of equity instruments is based on the grant-date fair value of those awards. Compensation cost is recognized over the requisite service period as a component of compensation expense. Compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Forfeitures are recognized as they occur. The Comp

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 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 calculated by dividing net income available to common shareholders by the weighted average number of common shares adjusted for the dilutive effect of stock compensation. For the years ended December 31, 2022, 2021 and 2020, 410,760, 222,107, and 732,433, respectively, of stock options, restricted stock awards and restricted stock units were excluded from the calculation because they were deemed to be antidilutive. The following table presents the numerators and denominators for basic and diluted earnings per share computations for the years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (dollars in thousands, except per share data) 2022 2021 2020 Net Income Available to Common Shareholders ​ $ 49,338 ​ $ 44,516 ​ $ 27,194 Weighted Average Common Stock Outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Common Stock Outstanding (Basic) ​ ​ 27,758,336 ​ ​ 28,027,454 ​ ​ 28,582,064 Dilutive Effect of Stock Compensation ​ ​ 909,841 ​ ​ 940,832 ​ ​ 588,156 Weighted Average Common Stock Outstanding (Dilutive) ​ ​ 28,668,177 ​ ​ 28,968,286 ​ ​ 29,170,220 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Earnings per Common Share ​ $ 1.78 ​ $ 1.59 ​ $ 0.95 Diluted Earnings per Common Share ​ ​ 1.72 ​ ​ 1.54 ​ ​ 0.93 ​

Bank-Owned Certificates of Depo

Bank-Owned Certificates of Deposit	12 Months Ended
	Dec. 31, 2022
Bank-Owned Certificates of Deposit
Bank-Owned Certificates of Deposit	Note 3: Bank-Owned Certificates of Deposit Certificates of deposit in other financial institutions by maturity are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (dollars in thousands) 2022 2021 Certificates of Deposit at Cost Maturing in: ​ ​ ​ ​ ​ ​ One Year or Less ​ $ 936 ​ $ 935 After One Year Through Five Years ​ 245 ​ 941 ​ ​ $ 1,181 ​ $ 1,876 ​

Securities

Securities	12 Months Ended
	Dec. 31, 2022
Securities
Securities	Note 4: Securities The following tables present the amortized cost and estimated fair value of securities with gross unrealized gains and losses at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ (dollars in thousands) Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,621 ​ $ — ​ $ (41) ​ $ 2,580 Municipal Bonds ​ ​ 156,506 ​ ​ 62 ​ ​ (25,214) ​ ​ 131,354 Mortgage-Backed Securities ​ 252,919 ​ 2,465 ​ (17,600) ​ 237,784 Corporate Securities ​ 116,871 ​ ​ 45 ​ ​ (7,089) ​ ​ 109,827 SBA Securities ​ 20,957 ​ ​ 79 ​ ​ (159) ​ ​ 20,877 Asset-Backed Securities ​ ​ 46,623 ​ ​ 188 ​ ​ (620) ​ ​ 46,191 Total Securities Available for Sale ​ $ 596,497 ​ $ 2,839 ​ $ (50,723) ​ $ 548,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 and 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 December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,330 ​ $ (41) ​ $ — ​ $ — ​ $ 2,330 ​ $ (41) Municipal Bonds ​ ​ 59,912 ​ ​ (5,321) ​ ​ 69,424 ​ ​ (19,893) ​ ​ 129,336 ​ ​ (25,214) Mortgage-Backed Securities ​ ​ 123,224 ​ ​ (5,427) ​ ​ 62,882 ​ ​ (12,173) ​ 186,106 ​ (17,600) Corporate Securities ​ ​ 88,486 ​ ​ (5,121) ​ ​ 17,054 ​ ​ (1,968) ​ 105,540 ​ (7,089) SBA Securities ​ ​ 2,498 ​ ​ (6) ​ ​ 9,750 ​ ​ (153) ​ 12,248 ​ (159) Asset-Backed Securities ​ ​ 21,919 ​ ​ (396) ​ ​ 6,186 ​ ​ (224) ​ ​ 28,105 ​ ​ (620) Total Securities Available for Sale ​ $ 298,369 ​ $ (16,312) ​ $ 165,296 ​ $ (34,411) ​ $ 463,665 ​ $ (50,723) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022, 530 debt securities had unrealized losses with aggregate depreciation of approximately 9.9% 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 December 31, 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 December 31, 2022. Call date is used when a call of the debt security is expected, determined by the Company when the security has a market value above its amortized cost. Contractual maturities will differ from expected maturities for mortgage-backed, SBA securities and asset-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Amortized Cost Fair Value December 31, 2022 ​ ​ ​ ​ ​ ​ Due in One Year or Less ​ $ 6,362 ​ $ 6,375 Due After One Year Through Five Years ​ 32,673 ​ 31,428 Due After Five Years Through 10 Years ​ 153,887 ​ 139,648 Due After 10 Years ​ 83,076 ​ 66,310 Subtotal ​ 275,998 ​ 243,761 Mortgage-Backed Securities ​ 252,919 ​ 237,784 SBA Securities ​ 20,957 ​ 20,877 Asset-Backed Securities ​ ​ 46,623 ​ ​ 46,191 Totals ​ $ 596,497 ​ $ 548,613 ​ As of December 31, 2022 and 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 years ended December 31, 2022, 2021, and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (dollars in thousands) 2022 2021 2020 Proceeds From Sales of Securities ​ $ 64,439 ​ $ 11,877 ​ $ 40,862 Gross Gains on Sales ​ 612 ​ 1,200 ​ 1,592 Gross Losses on Sales ​ (530) ​ (450) ​ (89) ​

Loans

Loans	12 Months Ended
	Dec. 31, 2022
Loans
Loans	Note 5: Loans The following table presents the components of the loan portfolio at December 31, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, (dollars in thousands) 2022 2021 Commercial ​ $ 435,344 ​ $ 360,169 Paycheck Protection Program ​ ​ 1,049 ​ ​ 26,162 Construction and Land Development ​ 365,796 ​ 281,474 Real Estate Mortgage: ​ ​ ​ ​ 1-4 Family Mortgage ​ 355,474 ​ 305,317 Multifamily ​ 1,306,738 ​ 910,243 CRE Owner Occupied ​ ​ 149,905 ​ ​ 111,096 CRE Nonowner Occupied ​ ​ 947,008 ​ ​ 818,569 Total Real Estate Mortgage Loans ​ ​ 2,759,125 ​ ​ 2,145,225 Consumer and Other ​ ​ 8,132 ​ ​ 6,442 Total Loans, Gross ​ 3,569,446 ​ 2,819,472 Allowance for Loan Losses ​ (47,996) ​ (40,020) Net Deferred Loan Fees ​ (9,293) ​ (9,535) Total Loans, Net ​ $ 3,512,157 ​ $ 2,769,917 ​ The following table presents the activity in the allowance for loan losses, by segment, for the years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Balance at January 1, 2020 ​ $ 3,058 ​ $ — ​ $ 2,202 ​ $ 2,839 ​ $ 5,824 ​ $ 792 ​ $ 6,972 ​ $ 85 ​ $ 754 ​ $ 22,526 Provision for Loan Losses ​ ​ 2,984 ​ ​ 70 ​ ​ 289 ​ ​ 1,223 ​ ​ 3,693 ​ ​ 360 ​ ​ 4,019 ​ ​ 134 ​ ​ (22) ​ 12,750 Loans Charged-off ​ ​ (346) ​ ​ — ​ ​ — ​ ​ (144) ​ ​ — ​ ​ — ​ ​ — ​ ​ (27) ​ ​ — ​ (517) Recoveries of Loans ​ ​ 7 ​ ​ — ​ ​ — ​ ​ 54 ​ ​ — ​ ​ 10 ​ ​ — ​ ​ 11 ​ ​ — ​ 82 Balance at December 31, 2020 ​ $ 5,703 ​ $ 70 ​ $ 2,491 ​ $ 3,972 ​ $ 9,517 ​ $ 1,162 ​ $ 10,991 ​ $ 203 ​ $ 732 ​ $ 34,841 Provision for Loan Losses ​ 545 ​ ​ (57) ​ ​ 1,266 ​ ​ (236) ​ ​ 3,093 ​ ​ 301 ​ ​ 344 ​ ​ (24) ​ ​ (82) ​ 5,150 Loans Charged-off ​ (28) ​ ​ — ​ ​ — ​ ​ (5) ​ ​ — ​ ​ — ​ ​ — ​ ​ (41) ​ ​ — ​ (74) Recoveries of Loans ​ 36 ​ ​ — ​ ​ — ​ ​ 26 ​ ​ — ​ ​ 32 ​ ​ — ​ ​ 9 ​ ​ — ​ 103 Balance at December 31, 2021 ​ $ 6,256 ​ $ 13 ​ $ 3,757 ​ $ 3,757 ​ $ 12,610 ​ $ 1,495 ​ $ 11,335 ​ $ 147 ​ $ 650 ​ $ 40,020 Provision for Loan Losses ​ 247 ​ ​ (12) ​ ​ 999 ​ ​ 280 ​ ​ 4,849 ​ ​ 470 ​ ​ 1,241 ​ ​ 13 ​ ​ (387) ​ 7,700 Loans Charged-off ​ (13) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (24) ​ ​ — ​ (37) Recoveries of Loans ​ 10 ​ ​ — ​ ​ — ​ ​ 288 ​ ​ — ​ ​ — ​ ​ — ​ ​ 15 ​ ​ — ​ 313 Balance at December 31, 2022 ​ $ 6,500 ​ $ 1 ​ $ 4,756 ​ $ 4,325 ​ $ 17,459 ​ $ 1,965 ​ $ 12,576 ​ $ 151 ​ $ 263 ​ $ 47,996 ​ 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 December 31, 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 Allowance for Loan Losses at December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 71 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 71 Collectively Evaluated for Impairment ​ ​ 6,429 ​ ​ 1 ​ ​ 4,756 ​ ​ 4,325 ​ ​ 17,459 ​ ​ 1,965 ​ ​ 12,576 ​ ​ 151 ​ ​ 263 ​ 47,925 Totals ​ $ 6,500 ​ $ 1 ​ $ 4,756 ​ $ 4,325 ​ $ 17,459 ​ $ 1,965 ​ $ 12,576 ​ $ 151 ​ $ 263 ​ $ 47,996 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 19,675 ​ $ — ​ $ 106 ​ $ 392 ​ $ — ​ $ 1,637 ​ $ 6,239 ​ $ — ​ $ 28,049 Collectively Evaluated for Impairment ​ 415,669 ​ ​ 1,049 ​ ​ 365,690 ​ ​ 355,082 ​ ​ 1,306,738 ​ ​ 148,268 ​ ​ 940,769 ​ ​ 8,132 ​ 3,541,397 Totals ​ $ 435,344 ​ $ 1,049 ​ $ 365,796 ​ $ 355,474 ​ $ 1,306,738 ​ $ 149,905 ​ $ 947,008 ​ $ 8,132 ​ $ 3,569,446 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ 19,508 ​ $ 19,508 ​ $ — ​ $ 4,545 ​ $ 4,545 ​ $ — Construction and Land Development ​ ​ 106 ​ ​ 713 ​ ​ — ​ ​ 130 ​ ​ 737 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ — ​ ​ — ​ ​ — ​ 933 ​ 933 ​ — 1st REM - Rentals ​ 392 ​ ​ 392 ​ — ​ 457 ​ ​ 457 ​ — CRE Owner Occupied ​ 1,637 ​ 1,726 ​ — ​ 2,421 ​ 2,466 ​ — CRE Nonowner Occupied ​ ​ 6,239 ​ ​ 6,239 ​ ​ — ​ ​ 4,188 ​ ​ 4,188 ​ ​ — Totals ​ 27,882 ​ 28,578 ​ — ​ 12,674 ​ 13,326 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 167 ​ ​ 167 ​ ​ 71 ​ 9,967 ​ ​ 9,967 ​ ​ 607 Totals ​ 167 ​ 167 ​ 71 ​ 9,967 ​ 9,967 ​ 607 Grand Totals ​ $ 28,049 ​ $ 28,745 ​ $ 71 ​ $ 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 years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2022 2021 ​ 2020 ​ ​ Average ​ Interest ​ Average ​ Interest ​ Average ​ Interest (dollars in thousands) Investment Recognized Investment Recognized Investment Recognized Loans With No Related Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 21,276 ​ $ 782 ​ $ 5,008 ​ $ 268 ​ $ 145 ​ $ 10 Construction and Land Development ​ ​ 117 ​ ​ — ​ ​ 141 ​ ​ — ​ ​ 165 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ — ​ ​ — ​ ​ 933 ​ ​ 47 ​ ​ 824 ​ ​ 42 1st REM - Rentals ​ 402 ​ ​ 21 ​ 468 ​ ​ 24 ​ ​ 624 ​ ​ 29 CRE Owner Occupied ​ 1,755 ​ ​ 65 ​ 2,471 ​ ​ 106 ​ ​ 891 ​ ​ 15 CRE Nonowner Occupied ​ ​ 6,390 ​ ​ 342 ​ ​ 4,247 ​ ​ 215 ​ ​ 12,334 ​ ​ 690 Totals ​ 29,940 ​ 1,210 ​ 13,268 ​ 660 ​ 14,983 ​ 786 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ Commercial ​ 180 ​ ​ 5 ​ ​ 13,761 ​ ​ 755 ​ ​ 122 ​ ​ 2 Consumer and Other ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 13 ​ 1 Totals ​ 180 ​ 5 ​ 13,761 ​ 755 ​ 135 ​ 3 Grand Totals ​ $ 30,120 ​ $ 1,215 ​ $ 27,029 ​ $ 1,415 ​ $ 15,118 ​ $ 789 ​ 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 ratings 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 December 31, 2022 and 2021, based on the most recent analysis performed by management: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (dollars in thousands) Pass Watch Substandard Total Commercial ​ $ 406,192 ​ $ 9,477 ​ $ 19,675 ​ $ 435,344 Paycheck Protection Program ​ ​ 1,049 ​ ​ — ​ ​ — ​ ​ 1,049 Construction and Land Development ​ 364,978 ​ ​ 712 ​ ​ 106 ​ 365,796 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 36,875 ​ ​ — ​ ​ — ​ 36,875 1st REM - 1-4 Family ​ 50,271 ​ ​ 674 ​ ​ — ​ 50,945 LOCs and 2nd REM - Rentals ​ 27,978 ​ ​ 7 ​ ​ — ​ 27,985 1st REM - Rentals ​ 239,277 ​ ​ — ​ ​ 392 ​ 239,669 Multifamily ​ 1,303,468 ​ ​ 3,270 ​ ​ — ​ 1,306,738 CRE Owner Occupied ​ 148,268 ​ ​ — ​ ​ 1,637 ​ 149,905 CRE Nonowner Occupied ​ ​ 922,657 ​ ​ 18,112 ​ ​ 6,239 ​ ​ 947,008 Consumer and Other ​ 8,132 ​ ​ — ​ ​ — ​ 8,132 Totals ​ $ 3,509,145 ​ $ 32,252 ​ $ 28,049 ​ $ 3,569,446 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ (dollars in thousands) Current Past Due More Past Due Nonaccrual Total December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 435,274 ​ $ 70 ​ $ — ​ $ — ​ $ 435,344 Paycheck Protection Program ​ ​ 1,049 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,049 Construction and Land Development ​ 365,690 ​ ​ — ​ ​ — ​ ​ 106 ​ 365,796 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 36,875 ​ ​ — ​ ​ — ​ ​ — ​ 36,875 1st REM - 1-4 Family ​ 50,945 ​ ​ — ​ ​ — ​ ​ — ​ 50,945 LOCs and 2nd REM - Rentals ​ 27,985 ​ ​ — ​ ​ — ​ ​ — ​ 27,985 1st REM - Rentals ​ 239,553 ​ ​ 116 ​ ​ — ​ ​ — ​ 239,669 Multifamily ​ 1,306,738 ​ ​ — ​ ​ — ​ ​ — ​ 1,306,738 CRE Owner Occupied ​ 149,372 ​ ​ — ​ ​ — ​ ​ 533 ​ 149,905 CRE Nonowner Occupied ​ 947,008 ​ ​ — ​ ​ — ​ ​ — ​ 947,008 Consumer and Other ​ 8,132 ​ ​ — ​ ​ — ​ ​ — ​ 8,132 Totals ​ $ 3,568,621 ​ $ 186 ​ $ — ​ $ 639 ​ $ 3,569,446 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022, there were two loans classified as troubled debt restructurings with total aggregate outstanding balances of $188,000. 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 restructuring during the year ended December 31, 2022 and no loans classified as troubled debt restructurings during the previous twelve months that subsequently defaulted during the year ended December 31, 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 Company had no active modifications made in response to the COVID-19 pandemic at December 31, 2022. The Company had 12 loans totaling $35.0 million of loan modifications outstanding in response to the COVID-19 pandemic at December 31, 2021. ​

Premises and Equipment

Premises and Equipment	12 Months Ended
	Dec. 31, 2022
Premises and Equipment
Premises and Equipment	Note 6: Premises and Equipment Premises and equipment are summarized as follows for the years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range of ​ December 31, ​ December 31, (dollars in thousands) ​ Useful Lives 2022 2021 Land ​ N/A ​ $ 5,174 ​ $ 5,174 Building ​ 15 - 39 Years ​ 41,265 ​ 40,758 Leasehold Improvements ​ 3 ‑ 10 Years ​ 2,380 ​ 2,684 Furniture and Equipment ​ 2 ‑ 5 Years ​ 6,978 ​ 7,058 Subtotal ​ ​ ​ 55,797 ​ 55,674 Accumulated Depreciation ​ ​ ​ (7,352) ​ (6,279) Totals ​ ​ ​ $ 48,445 ​ $ 49,395 ​ Depreciation and amortization expense charged to noninterest expense for the years ended December 31, 2022, 2021 and 2020, totaled $2.6 million, $2.4 million and $1.2 million, respectively.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2022
Intangible Assets
Intangible Assets	Note 7: Intangible Assets The following table presents a summary of intangible assets at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) 2022 2021 Core Deposit Intangible ​ $ 1,093 ​ $ 1,093 Favorable Lease ​ 445 ​ 445 Subtotal ​ 1,538 ​ 1,538 Accumulated Amortization ​ (1,250) ​ (1,059) Totals ​ $ 288 ​ $ 479 ​ Amortization expense of intangible assets was $191,000 for the years ended December 31, 2022, 2021 and 2020. The following table presents the estimated future amortization of the core deposit intangible and favorable lease asset for the next five years and thereafter. The projections of amortization expense are based on existing asset balances as of December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ Core Deposit ​ Favorable (dollars in thousands) Intangible Lease 2023 ​ $ 65 ​ $ 34 2024 ​ — ​ 34 2025 ​ — ​ 34 2026 ​ — ​ 34 2027 ​ — ​ 34 Thereafter ​ — ​ 53 Totals ​ $ 65 ​ $ 223 ​

Leases

Leases	12 Months Ended
	Dec. 31, 2022
Leases
Leases	Note 8: Leases The Company’s operating leases are real estate leases which are comprised of bank branches and office space with terms extending through 2029. These leases were not previously recognized on the Company's consolidated financial statements. With the adoption of ASU 2016-02, operating lease agreements were required to be recognized on the consolidated balance sheets as a ROU asset and a corresponding lease liability. The Company’s lease agreements often include one or more options to renew at the Company’s discretion. If at lease inception, the Company considers the exercising of a renewal option to be reasonably certain, the Company will include the extended term in the calculation of the ROU asset and lease liability. Operating lease ROU assets represent the Company’s right to use the underlying asset during the lease term and operating lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at lease commencement based on the present value of the remaining lease payments using the rate implicit in the lease. As the rate implicit in the lease is rarely determinable, the Company uses its incremental borrowing rate at lease commencement to calculate the present value of lease payments. The Company's incremental borrowing rate is based on the FHLB amortizing advance rate, adjusted for the lease term and other factors. For operating leases existing prior to January 1, 2022, the rate for the remaining lease term as of January 1, 2022 was used. As the Company elected not to separate lease and non-lease components and instead to account for them as a single lease component, the variable lease cost primarily represents variable payments such as common area maintenance, property taxes and other costs associated with the lease. These variable payments are not included in the lease liability and are expensed as incurred. The following table presents the components of lease expense and cash flow information related to operating leases as of the period indicated: ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) ​ 2022 Operating Lease Cost ​ $ 538 Variable Lease Cost ​ 253 Total Lease Cost ​ $ 791 ​ Prior to the adoption of ASU 2016-02, rent expense, net of rental income, including common area maintenance pertaining to banking premises totaled $52,000 and $1.2 million for the years ended December 31, 2021 and 2020. The following table presents other information on the Company’s operating leases for the year ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ December 31, ​ (dollars in thousands) ​ 2022 ​ Operating Lease Right-of-Use Assets ​ $ 2,472 ​ Operating Lease Liabilities ​ ​ 2,496 ​ Weighted Average Remaining Lease Term (in Years) ​ ​ 6.12 Years Weighted Average Discount Rate ​ ​ 1.46 % ​ ​ ​ ​ ​ Other Information ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 513 ​ ​ The following table presents the future expected operating lease payments under the Company's operating lease agreements as of December 31, 2022: ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) ​ 2022 2023 ​ $ 524 2024 ​ ​ 534 2025 ​ ​ 544 2026 ​ ​ 387 2027 ​ ​ 284 Thereafter ​ ​ 324 Total Undiscounted Lease Payments ​ ​ 2,597 Discount for Present Value of Expected Cash Flows ​ ​ (101) Total Lease Liability ​ $ 2,496 ​ ​ The Greenwood location is leased pursuant to the terms of a non‑cancelable lease agreement with Bridgewater Properties Greenwood, LLC, a related party through common ownership, in effect at December 31, 2022. The lease contains one option to extend the lease for a period of five years. Future minimum rent commitments under the operating lease are listed below at December 31, 2022. ​ ​ ​ ​ ​ (dollars in thousands) 2022 2023 ​ $ 174 2024 ​ ​ 178 2025 ​ ​ 181 2026 ​ ​ 108 Total ​ $ 641 ​ The Company receives rents from the lease of office and retail space in its corporate headquarters building. Rental income is included in noninterest expense as an offset to rental expense. Future minimum rental income under these leases are listed below at December 31, 2022. ​ ​ ​ ​ ​ (dollars in thousands) 2022 2023 ​ $ 507 2024 ​ ​ 512 2025 ​ ​ 519 2026 ​ ​ 301 2027 ​ ​ 264 Thereafter ​ ​ 716 Total ​ $ 2,819 ​ ​ Rental income, which is included in occupancy and equipment expense, including common area maintenance pertaining to banking premises for the years ended December 31, 2022, 2021 and 2020, totaled $907,000, $634,000 and $12,000, respectively.

Deposits

Deposits	12 Months Ended
	Dec. 31, 2022
Deposits.
Deposits	Note 9: Deposits The following table presents the composition of deposits at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) 2022 2021 Transaction Deposits ​ $ 1,336,264 ​ $ 1,419,873 Savings and Money Market Deposits ​ 1,031,873 ​ 863,567 Time Deposits ​ 272,253 ​ 293,474 Brokered Deposits ​ 776,153 ​ 369,323 Totals ​ $ 3,416,543 ​ $ 2,946,237 ​ Brokered deposits contained brokered transaction and money market accounts of $184.3 million and $131.2 million as of December 31, 2022 and 2021, respectively. The following table presents the scheduled maturities of brokered and customer time deposits at December 31, 2022: ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) 2022 Less than 1 Year ​ $ 387,433 1 to 2 Years ​ ​ 109,652 2 to 3 Years ​ ​ 229,732 3 to 4 Years ​ ​ 102,280 4 to 5 Years ​ ​ 25,887 Greater than 5 Years ​ ​ 9,144 Totals ​ $ 864,128 ​ The aggregate amount of time deposits greater than $250,000 was approximately $92.3 million and $59.6 million at December 31, 2022 and 2021, respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	12 Months Ended
	Dec. 31, 2022
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities	Note 10: 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 counter party or client owes the Company, and results in credit risk to the Company. When the fair value of a derivative instrument contract is negative, the Company owes the client or counterparty and therefore, the Company has no credit risk. The following table presents a summary of the Company’s interest rate swaps to facilitate customer transactions as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated (dollars in thousands) ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 65,315 ​ $ 8,240 ​ $ 49,101 ​ $ 641 Liabilities ​ 65,315 ​ (8,240) ​ 49,101 ​ (641) Total ​ $ 130,630 ​ $ — ​ $ 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 (loss), 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 risk. During the next 12 months, the Company estimates that $5.2 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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 December 31, 2021 ​ Notional Amount ​ $ 163,000 ​ $ 125,000 ​ Weighted Average Pay Rate ​ ​ 1.90 % ​ 1.27 % Weighted Average Receive Rate ​ ​ 3.47 % ​ 0.14 % Weighted Average Maturity (Years) ​ ​ 5.15 ​ ​ 3.76 ​ Net Unrealized Gain ​ $ 9,175 ​ $ 791 ​ ​ The Company purchases interest rate caps, which are designated as cash flow hedges, of certain deposit and borrowing 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 years ended December 31, 2022 and 2021, the Company recognized amortization expense on the interest rate caps of $772,000 and $362,000, respectively, and 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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 December 31, 2021 ​ Notional Amount ​ $ 125,000 ​ $ 110,000 ​ Unamortized Premium Paid ​ ​ 5,872 ​ ​ 5,859 ​ Weighted Average Strike Rate ​ ​ 0.96 % ​ 0.90 % Weighted Average Maturity (Years) ​ ​ 7.35 ​ ​ 8.72 ​ ​ The following table presents a summary of the Company’s interest rate contracts as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated (dollars in thousands) ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 125,000 ​ $ 10,477 ​ $ 90,000 ​ $ 1,717 Liabilities ​ ​ 38,000 ​ ​ (1,302) ​ ​ 35,000 ​ ​ (926) Interest rate cap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ 125,000 ​ ​ 19,406 ​ ​ 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 December 31, 2022 and 2021, the Company pledged cash collateral for the Company’s derivative contracts of $0 and $370,000, respectively. In addition, as of December 31, 2022 and 2021, the Company's derivative counterparties have pledged cash collateral to the Company of $36.4 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 years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (dollars in thousands) ​ 2022 ​ 2021 ​ 2020 Derivatives in ​ Location of Gain (Loss) ​ Gain (Loss) Cash Flow Hedging ​ Reclassified ​ Reclassified from Relationships ​ from AOCI into Income ​ AOCI into Earnings Interest rate swaps ​ Interest expense ​ $ 679 ​ $ (1,117) ​ $ (579) Interest rate caps ​ Interest expense ​ ​ (671) ​ ​ (403) ​ ​ — ​ No amounts were reclassified from accumulated other comprehensive income into net income related to hedge ineffectiveness for these derivatives during the years ended December 31, 2022, 2021 and 2020, and no amounts are expected to be reclassified from accumulated other comprehensive income into net income related to hedge ineffectiveness over the next twelve months.

Federal Home Loan Bank Advances

Federal Home Loan Bank Advances and Other Borrowings	12 Months Ended
	Dec. 31, 2022
Federal Home Loan Bank Advances and Other Borrowings
Federal Home Loan Bank Advances and Other Borrowings	Note 11: 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’s with principal balances of The following table presents FHLB advances, by maturity, at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ Weighted ​ Weighted ​ ​ ​ Average ​ Total ​ Average ​ Total (dollars in thousands) ​ Rate ​ Outstanding ​ Rate ​ Outstanding Less than 1 Year ​ 4.30 % $ 83,000 ​ — % $ — 1 to 2 Years ​ 1.05 ​ ​ 5,000 ​ — ​ ​ — 2 to 3 Years ​ 1.22 ​ ​ 5,000 ​ 1.66 ​ ​ 22,500 3 to 4 Years ​ 0.78 ​ ​ 4,000 ​ 1.22 ​ ​ 16,000 4 to 5 Years ​ — ​ ​ — ​ 0.78 ​ ​ 4,000 Totals ​ ​ ​ $ 97,000 ​ ​ ​ $ 42,500 ​ Convertible advances are callable at the option of the FHLB. If an advance is called, the Company has the option to pay off the advance without penalty or re-borrow funds on different terms. The Company had no convertible advances with the FHLB at December 31, 2022 and $28.5 million of convertible advances with the FHLB at December 31, 2021. Federal Reserve Discount Window. At December 31, 2022 and 2021, the Company had the ability to draw additional borrowings of Federal Funds Purchased. Federal funds purchased mature Line of Credit. ​ The following table presents the revolving line of credit at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Debt ​ Total Debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Outstanding ​ Interest ​ ​ ​ Name ​ Maturity Date ​ ​ December 31, 2022 ​ December 31, 2021 ​ Rate ​ ​ Coupon Structure Revolving Credit Facility (1) ​ September 1, 2024 ​ $ 13,750 ​ — ​ 7.50 % ​ Variable with Floor (2) (1) 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. (2) The variable interest rate is equal to the greater of the Wall Street Journal Prime Rate in effect or a floor rate of 3.85% .

Subordinated Debentures

Subordinated Debentures	12 Months Ended
	Dec. 31, 2022
Subordinated Debentures
Subordinated Debentures	Note 12: Subordinated Debentures The following presents a summary of the Company’s subordinated debentures as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Debt ​ ​ Total Debt ​ ​ ​ ​ ​ ​ ​ Date ​ ​ First ​ Maturity ​ Outstanding ​ ​ Outstanding ​ Interest ​ ​ ​ Name ​ Established ​ ​ Redemption Date ​ Date ​ December 31, 2022 ​ ​ December 31, 2021 ​ Rate ​ ​ Coupon Structure (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2027 Notes ​ July 12, 2017 ​ ​ July 15, 2022 ​ N/A $ — ​ $ 13,750 ​ N/A % ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ 80,000 ​ ​ 93,750 ​ ​ ​ ​ ​ Debt Issuance Costs ​ ​ ​ ​ ​ ​ ​ ​ (1,095) ​ ​ (1,511) ​ ​ ​ ​ ​ Subordinated Debentures, Net of Issuance Costs ​ ​ ​ ​ ​ ​ ​ $ 78,905 ​ $ 92,239 ​ ​ ​ ​ ​ (1) Migrates to three month LIBOR + 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. ​ 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.

Related-Party Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2022
Related-Party Transactions
Related-Party Transactions	Note 13: Related-Party Transactions In the ordinary course of business, the Company has granted loans to executive officers, directors, principal shareholders, and their affiliates (related parties). The following table presents the activity associated with loans made between related parties for the years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) 2022 2021 Beginning Balance ​ $ 49,964 ​ $ 34,130 New Loans and Advances ​ 16,006 ​ 45,407 Repayments ​ (38,294) ​ (29,573) Totals ​ $ 27,676 ​ $ 49,964 ​ Deposits from related parties held by the Company at December 31, 2022 and 2021 were $22.2 million and $37.7 million, respectively. The Company has a related party lease which is disclosed in “Note 8 – Leases”.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Taxes
Income Taxes	Note 14: Income Taxes The following table presents the allocation of federal and state income taxes between current and deferred portions as of December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) 2022 2021 ​ 2020 Current Tax Provision ​ $ 19,719 ​ $ 20,408 ​ $ 11,062 Deferred Tax Benefit ​ (1,401) ​ (4,522) ​ (2,590) Total Income Tax Provision ​ $ 18,318 ​ $ 15,886 ​ $ 8,472 ​ The reasons for the differences between the statutory federal income tax rate and the effective tax rates are summarized as follows as of December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ 2021 ​ 2020 (dollars in thousands) Amount Percent ​ Amount Percent ​ ​ Amount Percent ​ Amount of Statutory Rate ​ $ 15,059 ​ 21.0 % ​ $ 12,930 ​ 21.0 % ​ $ 7,489 ​ 21.0 % State Income Taxes (Net of Federal Income Tax Benefit) ​ 5,349 ​ 7.5 ​ ​ 4,647 ​ 7.6 ​ ​ 3,014 ​ 8.5 ​ Interest on Investment Securities and Loans Exempt From Federal Income Tax ​ (899) ​ (1.3) ​ ​ (657) ​ (1.1) ​ ​ (702) ​ (2.0) ​ Tax Credits ​ (835) ​ (1.2) ​ ​ (540) ​ (0.9) ​ ​ (770) ​ (2.1) ​ Other Differences ​ (356) ​ (0.5) ​ ​ (494) ​ (0.8) ​ ​ (559) ​ (1.6) ​ Totals ​ $ 18,318 ​ 25.5 % ​ $ 15,886 ​ 25.8 % ​ $ 8,472 ​ 23.8 % ​ The Company’s effective tax rate may fluctuate as it is impacted by the level and timing of the Company’s utilization of historic tax credits, low-income housing tax credits, the level of tax-exempt investments and loans, and the overall level of pre-tax income. The following table presents the components of the net deferred tax asset included in other assets, as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) 2022 2021 Depreciation ​ $ (325) ​ $ (274) Allowance for Loan Losses ​ 13,639 ​ 11,332 Unrealized Loss (Gain) on Securities Available for Sale ​ 13,759 ​ (1,914) Unrealized (Gain) Loss on Cash Flow Hedges ​ (6,527) ​ (480) Prepaid Expenses ​ (886) ​ (392) Deferred Compensation ​ 510 ​ 871 Deferred Loan Fees ​ ​ 2,745 ​ ​ 2,653 Other ​ 2 ​ 94 Totals ​ $ 22,917 ​ $ 11,890 ​

Tax Credit Investments

Tax Credit Investments	12 Months Ended
	Dec. 31, 2022
Tax Credit Investments
Tax Credit Investments	Note 15: Tax Credit Investments ​ The Company invests in qualified affordable housing projects and federal historic projects for the purpose of community reinvestment and obtaining tax credits. The Company’s tax credit investments are limited to existing lending relationships with well-known developers and projects within the Company’s market area. The following table presents a summary of the Company’s investments in qualified affordable housing projects and other tax credit investments at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ December 31, 2022 ​ December 31, 2021 Investment ​ Accounting Method ​ ​ Investment ​ ​ Unfunded Commitment (1) ​ ​ Investment ​ ​ Unfunded Commitment Low Income Housing Tax Credit (LIHTC) ​ Proportional Amortization ​ $ 4,701 ​ $ — ​ $ 2,871 ​ $ — Federal Historic Tax Credit (FHTC) ​ Equity ​ ​ 1,785 ​ ​ 323 ​ ​ 1,732 ​ ​ 407 Total ​ ​ ​ $ 6,486 ​ $ 323 ​ $ 4,603 ​ $ 407 (1) All commitments are expected to be paid by the Company by December 31, 2023. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, (dollars in thousands) 2022 2021 2020 Amortization Expense (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC ​ $ 271 ​ $ 280 ​ $ 281 FHTC ​ ​ 408 ​ ​ 562 ​ ​ 738 Total ​ $ 679 ​ $ 842 ​ $ 1,019 Tax Benefit Recognized (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC ​ $ (330) ​ $ (330) ​ $ (330) FHTC ​ ​ (607) ​ ​ (625) ​ ​ (1,056) Total ​ $ (937) ​ $ (955) ​ $ (1,386) (1) The amortization expense for the LIHTC investments are included in income tax expense. The amortization for the FHTC tax credits are included in noninterest expense. (2) All of the tax benefits recognized are included in income tax expense. The tax benefit recognized for the FHTC investments primarily reflects the tax credits generated from the investments, and excludes the net tax expense/benefit of the investments’ income/loss.

Commitments, Contingencies and

Commitments, Contingencies and Credit Risk	12 Months Ended
	Dec. 31, 2022
Commitments, Contingencies and Credit Risk
Commitments, Contingencies and Credit Risk	Note 16: 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 December 31, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, (dollars in thousands) 2022 2021 Unfunded Commitments Under Lines of Credit ​ $ 848,734 ​ $ 799,148 Letters of Credit ​ 115,769 ​ 119,647 Totals ​ $ 964,503 ​ $ 918,795 ​ Commitments to extend credit are agreements to lend to a customer at fixed or variable rates as long as there is no violation of any condition established in the contract. Commitments generally have fixed expiration dates or other termination clauses and may require payment of a fee. The amount of collateral obtained upon extension of credit is based on management’s credit evaluation of the customer. Collateral held varies but may include accounts receivable; inventory; property, plant, and equipment; real estate; and stocks and bonds. Unfunded commitments under commercial lines of credit, home equity lines of credit, and overdraft protection agreements are commitments for possible future extensions of credit to existing customers. These lines of credit may or may not require collateral and may or may not contain a specific maturity date. Standby letters of credit are conditional lending commitments issued by the Company to guarantee the performance of a customer to a third party. Generally, all standby letters of credit issued have expiration dates within two years. The credit risk involved in issuing standby letters of credit is essentially the same as that involved in extending loan facilities to customers. The Company generally holds collateral supporting these commitments. The Company had outstanding letters of credit with the FHLB in total amounts of $78.4 million and $36.5 million at December 31, 2022 and 2021, respectively, on behalf of customers and to secure public deposits. Legal Contingencies Various legal claims arise from time to time in the normal course of business. In the opinion of management, any liability resulting from such proceedings would not have a material impact on the consolidated financial statements.

Stock Options and Restricted St

Stock Options and Restricted Stock	12 Months Ended
	Dec. 31, 2022
Stock Options and Restricted Stock
Stock Options and Restricted Stock	Note 17: Stock Options and Restricted Stock The Company established the Bridgewater Bancshares, Inc. 2012 Combined Incentive and Non-Statutory Stock Option Plan (the “2012 Plan”) under which the Company may grant options to its directors, officers, and employees for up to 750,000 shares of common stock. Both incentive stock options and nonqualified stock options could be granted under the 2012 Plan. The exercise price of each option equals the fair market value of the Company’s stock on the date of grant and the maximum term of each outstanding option is ten years. All outstanding options have been granted with vesting periods of four 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, and employees and consultants for up to 1,500,000 shares of common stock. Both incentive stock options and nonqualified stock options may be granted under the 2017 Plan. The exercise price of each option equals the fair market value of the Company’s stock on the date of grant and the maximum term of each outstanding option is ten years. All outstanding options have been granted with vesting periods of four In 2019, the Company adopted the Bridgewater Bancshares, Inc. 2019 Equity Incentive Plan (the “2019 EIP”). The types of awards which may be granted under the 2019 EIP include incentive and nonqualified stock options, stock appreciation rights, stock awards, restricted stock units, restricted stock and cash incentive awards. The Company may grant these awards to its directors, officers, employees and certain other service providers for up to 1,000,000 shares of common stock. The exercise price of each option equals the fair market value of the Company’s stock on the date of grant and the maximum term of each award is ten years. All outstanding awards have been granted with vesting periods of four years. As of December 31, 2022, and 2021, there were 231,363 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 the grant. Historically, the Company has not paid a dividend on its common stock and does not expect to do so in the near future. The Company used the S&P 600 CM Bank Index as its historical volatility index. The S&P 600 CM Bank Index is an index of publicly traded small capitalization, regional, commercial banks located throughout the United States. There were 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 for valuing stock option grants in 2022 is as follows: ​ ​ ​ ​ ​ ​ December 31, ​ ​ 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 outstanding stock options for the years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ Weighted Weighted ​ ​ ​ ​ Average ​ ​ ​ Average ​ ​ Shares ​ Exercise Price ​ Shares ​ Exercise Price Outstanding at Beginning of Year 1,768,745 ​ $ 7.67 1,914,250 ​ $ 7.29 Granted 290,000 ​ 17.50 20,500 ​ ​ 16.88 Exercised (133,301) ​ 4.33 (164,405) ​ ​ 4.40 Forfeitures (12,000) ​ 14.77 (1,600) ​ ​ 7.47 Outstanding at Period End 1,913,444 ​ $ 9.35 1,768,745 ​ $ 7.67 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Exercisable at Period End 1,492,069 ​ $ 7.51 1,332,845 ​ $ 6.83 ​ For the years ended December 31, 2022, 2021 and 2020, the Company recognized compensation expense for stock options of $1.1 million, $922,000 and $881,000, respectively. The following table presents information pertaining to options outstanding at December 31, 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 - 3.99 307,000 ​ $ 3.04 ​ 1.1 307,000 $ 3.04 ​ 7.00 - 7.99 904,916 ​ 7.47 4.8 904,916 ​ 7.47 ​ 8.00 - 8.99 17,500 ​ 8.76 7.3 5,000 ​ 8.76 ​ 10.00 - 10.99 ​ 10,000 ​ ​ 10.08 ​ 7.4 ​ 5,000 ​ ​ 10.08 ​ 11.00 - 11.99 ​ 85,000 ​ ​ 11.27 ​ 6.4 ​ 56,000 ​ ​ 11.30 ​ 12.00 - 12.99 ​ 263,528 ​ ​ 12.90 ​ 6.6 ​ 191,528 ​ ​ 12.91 ​ 13.00 - 13.99 ​ 25,000 ​ ​ 13.22 ​ 5.4 ​ 20,000 ​ ​ 13.22 ​ 17.00 - 17.99 ​ 300,500 ​ ​ 17.50 ​ 9.1 ​ 2,625 ​ ​ 17.49 ​ Totals 1,913,444 ​ $ 9.35 ​ 5.2 1,492,069 ​ $ 7.51 ​ As of December 31, 2022, there was $1.6 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 2.6 years. The following table presents an analysis of nonvested options to purchase shares of the Company’s stock issued and outstanding for the year ended December 31, 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 (292,525) ​ ​ 3.12 Forfeited ​ (12,000) ​ ​ 5.12 Nonvested Options at December 31, 2022 421,375 ​ $ 4.87 ​ 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 years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ Weighted ​ Weighted ​ ​ Number of ​ Average Grant ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value ​ Shares ​ Date Fair Value Nonvested at December 31, 2021 75,113 ​ $ 12.59 ​ 110,962 ​ $ 12.63 Granted — ​ ​ — ​ — ​ ​ — Vested (35,351) ​ ​ 12.69 ​ (35,849) ​ ​ 12.69 Forfeited ​ (1,000) ​ ​ 12.92 ​ — ​ ​ — Nonvested at December 31, 2022 38,762 ​ $ 12.50 ​ 75,113 ​ $ 12.59 ​ 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 years ended December 31, 2022, 2021 and 2020, the Company recognized compensation expense for restricted stock awards of $448,000, $455,000 and $441,000, respectively. As of December 31, 2022, there was $433,000 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 1.0 year. In addition, during the year ended December 31, 2022, the Company issued 19,024 shares of common stock to directors as a part of their compensation for their annual services on the Company’s board of directors. The aggregate value of the shares issued to directors of $319,000 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 years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ Weighted ​ Weighted ​ ​ Number of ​ Average Grant ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value ​ Shares ​ Date Fair Value Nonvested at December 31, 2021 344,908 ​ $ 15.02 ​ 205,666 ​ $ 12.27 Granted 112,760 ​ ​ 18.72 ​ 191,468 ​ ​ 17.22 Vested (96,786) ​ ​ 14.65 ​ (51,146) ​ ​ 12.27 Forfeited ​ (9,572) ​ ​ 15.12 ​ (1,080) ​ ​ 12.27 Nonvested at December 31, 2022 351,310 ​ $ 16.30 ​ 344,908 ​ $ 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 years ended December 31, 2022, 2021 and 2020, the Company recognized compensation expense for restricted stock units of $1.5 million, $731,000 and $43,000, respectively. As of December 31, 2022, there was $5.5 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 3.1 years.

Profit Sharing Plan

Profit Sharing Plan	12 Months Ended
	Dec. 31, 2022
Profit Sharing Plan
Profit Sharing Plan	Note 18: Profit Sharing Plan The Company has a combined profit sharing 401(k) plan which provides that an annual contribution up to 100% of each participating employee’s total pay, may be contributed to the plan. Employees are eligible to participate after meeting certain eligibility requirements as defined in the plan and are allowed to make pre-tax contributions up to the maximum amount allowed by the Internal Revenue Service. The terms of the 401(k) plan require employer match contributions equal to 100% of the employee contributions up to 4% of pay. In addition, the terms of the plan allow for discretionary profit sharing contributions as determined by the Company and approved by the Board of Directors. The employer match contributions for the 401(k) plan were $1.0 million, $804,000, and $743,000 for the years ended December 31, 2022, 2021 and 2020, respectively. The total employer discretionary profit sharing contributions to the plan were $793,000, $636,000, and $533,000 for the years ended December 31, 2022, 2021 and 2020, respectively.

Deferred Compensation Plan

Deferred Compensation Plan	12 Months Ended
	Dec. 31, 2022
Deferred Compensation Plan
Deferred Compensation Plan	Note 19: Deferred Compensation Plan In 2013, the Company implemented a deferred compensation plan for certain employees which allows the Company to make a discretionary contribution to the account of any employee designated as a participant in the plan based upon the participant’s performance for the calendar year. Company contributions to the plan vest on the fourth anniversary of the last day of the calendar year for which the contribution was made to the plan and accrue interest at a rate equal to the Bank’s return on average equity for the immediately preceding calendar year, or an alternative rate set by the Company’s board of directors. Distribution of amounts contributed under the plan, including accrued interest, is made in a lump sum cash payment within 75 days following the date such amounts become vested. As of December 31, 2022 and 2021, the Company had a liability of $1.8 million and $3.1 million, respectively, recorded on the consolidated balance sheets. There were no new contributions made to the plan during the years ended December 31, 2022 and 2021.

Preferred Stock

Preferred Stock	12 Months Ended
	Dec. 31, 2022
Preferred Stock
Preferred Stock	Note 20: Preferred Stock On August 17, 2021, the Company announced the closing of its underwritten public offering of 2,400,000 depositary shares, each representing a 1/100 th cumulative and, if declared, accrue and are payable quarterly, in arrears, at a rate of 5.875% per annum. The Series A Preferred Stock qualifies as additional Tier 1 capital for the purposes of the regulatory capital calculations. The net proceeds from the issuance and sale of the depositary shares, each representing a 1/100 th ​

Regulatory Capital

Regulatory Capital	12 Months Ended
	Dec. 31, 2022
Regulatory Capital
Regulatory Capital	Note 21: 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 December 31, 2022 and 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 ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 536,352 ​ 13.15 % $ 326,190 ​ 8.00 % $ 428,125 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-based Capital ​ ​ 409,092 ​ 10.03 ​ ​ 244,643 ​ 6.00 ​ ​ 346,577 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 342,578 ​ 8.40 ​ ​ 183,482 ​ 4.50 ​ ​ 285,417 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 409,092 ​ 9.55 ​ ​ 171,368 ​ 4.00 ​ ​ 171,368 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 508,760 ​ 12.47 % $ 326,288 ​ 8.00 % $ 428,253 ​ 10.50 % $ 407,860 ​ 10.00 % Tier 1 Risk-based Capital ​ ​ 460,404 ​ 11.29 ​ ​ 244,716 ​ 6.00 ​ ​ 346,681 ​ 8.50 ​ ​ 326,288 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 460,404 ​ 11.29 ​ ​ 183,537 ​ 4.50 ​ ​ 285,502 ​ 7.00 ​ ​ 265,109 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 460,404 ​ 10.76 ​ ​ 171,113 ​ 4.00 ​ ​ 171,113 ​ 4.00 ​ ​ 213,891 ​ 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 Basel III regulatory capital guidelines, in order to avoid limitations on capital distributions, including dividend payments, stock repurchases and certain discretionary bonus payments to executive officers. As of December 31, 2022 and 2021, the capital ratios of the Company and the Bank were in excess of the quantitative capital ratio standards applicable on those dates. However, there can be no assurance that the Company and the Bank will continue to maintain such status in the future.

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Dec. 31, 2022
Fair Value Measurement
Fair Value Measurement	Note 22: Fair Value Measurement The Company categorizes its assets and liabilities measured at fair value into a three-level hierarchy based on the priority of the inputs to the valuation technique used to determine fair value. The fair value hierarchy gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). If the inputs used in the determination of the fair value measurement fall within different levels of the hierarchy, the categorization is based on the lowest level input that is significant to the fair value measurement. Assets and liabilities valued at fair value are categorized based on the inputs to the valuation techniques as follows: Level 1 – Inputs that utilized quoted prices (unadjusted) in active markets for identical assets or liabilities that the Company has the ability to access. Level 2 – Inputs that include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instruments. Fair values for these instruments are estimated using pricing models, quoted prices of securities with similar characteristics, or discounted cash flows. Level 3 – Inputs that are unobservable for the asset or liability, which are typically based on an entity’s own assumptions, as there is little, if any, related market activity. Subsequent to initial recognition, the Company may re-measure the carrying value of assets and liabilities measured on a nonrecurring basis to fair value. Adjustments to fair value usually result when certain assets are impaired. Such assets are written down from their carrying amounts to their fair value. Professional standards allow entities the irrevocable option to elect to measure certain financial instruments and other items at fair value for the initial and subsequent measurement on an instrument-by-instrument basis. The Company adopted the policy to value certain financial instruments at fair value. The Company has not elected to measure any existing financial instruments at fair value; however, it may elect to measure newly acquired financial instruments at fair value in the future. Recurring Basis The Company uses fair value measurements to record fair value adjustments to certain assets and liabilities and to determine fair value disclosures. The following table presents the balances of the assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,580 ​ $ — ​ $ — ​ $ 2,580 Municipal Bonds ​ ​ — ​ ​ 131,354 ​ ​ — ​ ​ 131,354 Mortgage-Backed Securities ​ ​ — ​ ​ 237,784 ​ ​ — ​ ​ 237,784 Corporate Securities ​ ​ — ​ ​ 109,827 ​ ​ — ​ ​ 109,827 SBA Securities ​ ​ — ​ ​ 20,877 ​ ​ — ​ ​ 20,877 Asset-Backed Securities ​ ​ — ​ ​ 46,191 ​ ​ — ​ ​ 46,191 Interest Rate Caps ​ ​ — ​ ​ 19,406 ​ ​ — ​ ​ 19,406 Interest Rate Swaps ​ ​ — ​ ​ 18,717 ​ ​ — ​ ​ 18,717 Total Fair Value of Financial Assets ​ $ 2,580 ​ $ 584,156 ​ $ — ​ $ 586,736 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 9,542 ​ $ — ​ $ 9,542 Total Fair Value of Financial Liabilities ​ $ — ​ $ 9,542 ​ $ — ​ $ 9,542 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 for the periods ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 96 ​ $ — ​ $ 71 Totals ​ $ — ​ $ 96 ​ $ — ​ $ 71 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 (dollars in thousands) Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 9,360 ​ $ — ​ $ 625 Totals ​ $ — ​ $ 9,360 ​ $ — ​ $ 625 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 (dollars in thousands) Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 80 ​ $ — ​ $ 50 Totals ​ $ — ​ $ 80 ​ $ — ​ $ 50 ​ Impaired Loans In accordance with the provisions of the loan impairment guidance, impairment is measured on loans when it is probable that payment of interest and principal will not be made in accordance with the contractual terms of the loan agreement. The fair value of impaired loans is estimated using one of several methods, including collateral value, market value of similar debt, or discounted cash flows. Those impaired loans not requiring an allowance represent loans for which the fair value of the expected repayments or collateral exceeds the recorded investments in such loans. Impaired loans for which an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. Collateral values are estimated using Level 2 inputs based on customized discounting criteria. Impairment amounts on impaired loans represent specific valuation allowance and write-downs during the period presented on impaired loans that were individually evaluated for impairment based on the estimated fair value of the collateral less estimated selling costs, excluding impaired loans fully charged-off. Fair Value Disclosure of fair value information about financial instruments, for which it is practicable to estimate that value, is required whether or not recognized in the consolidated balance sheets. In cases where quoted market prices are not available, fair values are based on estimates using present value of cash flow or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimate of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases could not be realized in immediate settlement of the instruments. Certain financial instruments with a fair value that is not practicable to estimate and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value amounts presented do not necessarily represent the underlying value of the Company. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters that could affect the estimates. Fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business. Deposits with no stated maturities are defined as having a fair value equivalent to the amount payable on demand. This prohibits adjusting fair value derived from retaining those deposits for an expected future period of time. This component, commonly referred to as a deposit base intangible, is neither considered in the below 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 amounts and estimated fair values of financial instruments at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ 87,043 ​ $ 87,043 ​ $ — ​ $ — ​ $ 87,043 Bank-Owned Certificates of Deposit ​ ​ 1,181 ​ ​ — ​ ​ 1,173 ​ ​ — ​ ​ 1,173 Securities Available for Sale ​ ​ 548,613 ​ ​ 2,580 ​ ​ 546,033 ​ ​ — ​ ​ 548,613 FHLB Stock, at Cost ​ ​ 19,606 ​ ​ — ​ ​ 19,606 ​ ​ — ​ ​ 19,606 Loans, Net ​ ​ 3,512,157 ​ ​ — ​ ​ 3,314,190 ​ ​ — ​ ​ 3,314,190 Accrued Interest Receivable ​ ​ 13,479 ​ ​ — ​ ​ 13,479 ​ ​ — ​ ​ 13,479 Interest Rate Caps ​ ​ 19,406 ​ ​ — ​ ​ 19,406 ​ ​ — ​ ​ 19,406 Interest Rate Swaps ​ ​ 18,717 ​ ​ — ​ ​ 18,717 ​ ​ — ​ ​ 18,717 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 3,416,543 ​ $ — ​ $ 3,390,416 ​ $ — ​ $ 3,390,416 Federal Funds Purchased ​ ​ 287,000 ​ ​ — ​ ​ 287,000 ​ ​ — ​ ​ 287,000 Notes Payable ​ ​ 13,750 ​ ​ ​ ​ ​ 13,473 ​ ​ — ​ ​ 13,473 FHLB Advances ​ ​ 97,000 ​ ​ — ​ ​ 96,061 ​ ​ — ​ ​ 96,061 Subordinated Debentures ​ ​ 78,905 ​ ​ — ​ ​ 70,931 ​ ​ — ​ ​ 70,931 Accrued Interest Payable ​ ​ 2,831 ​ ​ — ​ ​ 2,831 ​ ​ — ​ ​ 2,831 Interest Rate Swaps ​ ​ 9,542 ​ ​ — ​ ​ 9,542 ​ ​ — ​ ​ 9,542 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Notes payable and subordinated debentures FHLB advances Accrued interest payable Off-balance sheet instruments Limitations

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2022
Revenue Recognition
Revenue Recognition	Note 23: Revenue Recognition The Company recognizes revenue from contracts with customers in accordance with ASC Topic 606, Revenue from Contracts with Customers Substantially all of the Company’s revenue is generated from financial instruments, including interest income related to loans and investment securities, letters of credit, and derivatives, which are not within the scope of Topic 606 as these activities are subject to other GAAP discussed elsewhere within the Company’s disclosures. The following is a summary of revenue-generating activities that are within the scope of Topic 606, which are presented in the Company’s income statements as components of noninterest income: Service charges on deposit accounts Debit card interchange fees Gain on sales of other real estate ​

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss).
Accumulated Other Comprehensive Income (Loss)	Note 24: Accumulated Other Comprehensive Income (Loss) The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ Before Tax ​ Tax Effect ​ Net of Tax Year Ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Loss on Available for Sale Securities ​ $ (56,914) ​ $ 15,649 ​ $ (41,265) Less: Reclassification Adjustment for Net Gains Included in Net Income ​ ​ (82) ​ ​ 23 ​ ​ (59) Total Unrealized Loss ​ ​ (56,996) ​ ​ 15,672 ​ ​ (41,324) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Gain on Cash Flow Hedge ​ ​ 20,430 ​ ​ (6,048) ​ ​ 14,382 Less: Reclassification Adjustment for Gains Included in Net Income ​ ​ (8) ​ ​ 2 ​ ​ (6) Total Unrealized Gain ​ ​ 20,422 ​ ​ (6,046) ​ ​ 14,376 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Comprehensive Loss ​ $ (36,574) ​ $ 9,626 ​ $ (26,948) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Loss on Available for Sale Securities ​ $ (1,689) ​ $ 355 ​ $ (1,334) Less: Reclassification Adjustment for Net Gains Included in Net Income ​ ​ (750) ​ ​ 157 ​ ​ (593) Total Unrealized Loss ​ ​ (2,439) ​ ​ 512 ​ ​ (1,927) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Gain on Cash Flow Hedge ​ ​ 3,991 ​ ​ (838) ​ ​ 3,153 Less: Reclassification Adjustment for Losses Included in Net Income ​ ​ 1,520 ​ ​ (319) ​ ​ 1,201 Total Unrealized Gain ​ ​ 5,511 ​ ​ (1,157) ​ ​ 4,354 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Comprehensive Gain ​ $ 3,072 ​ $ (645) ​ $ 2,427 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Gain on Available for Sale Securities ​ $ 6,394 ​ $ (1,343) ​ $ 5,051 Less: Reclassification Adjustment for Net Gains Included in Net Income ​ ​ (1,503) ​ ​ 316 ​ ​ (1,187) Total Unrealized Gain ​ ​ 4,891 ​ ​ (1,027) ​ ​ 3,864 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Loss on Cash Flow Hedge ​ ​ (3,185) ​ ​ 669 ​ ​ (2,516) Less: Reclassification Adjustment for Losses Included in Net Income ​ ​ 579 ​ ​ (122) ​ ​ 457 Total Unrealized Loss ​ ​ (2,606) ​ ​ 547 ​ ​ (2,059) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Comprehensive Gain ​ $ 2,285 ​ $ (480) ​ $ 1,805 ​ The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ Available For ​ ​ ​ ​ Other Comprehensive (dollars in thousands) ​ Sale Securities ​ Cash Flow Hedge ​ Income (Loss) Year Ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at Beginning of Year ​ $ 7,200 ​ $ 1,806 ​ $ 9,006 Other Comprehensive Income (Loss) Before Reclassifications ​ ​ (41,265) ​ ​ 14,382 ​ ​ (26,883) Amounts Reclassified from Accumulated Other Comprehensive Income ​ ​ (59) ​ ​ (6) ​ ​ (65) Net Other Comprehensive Income (Loss) During Period ​ ​ (41,324) ​ ​ 14,376 ​ ​ (26,948) Balance at End of Year ​ $ (34,124) ​ $ 16,182 ​ $ (17,942) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at Beginning of Year ​ $ 9,127 ​ $ (2,548) ​ $ 6,579 Other Comprehensive Income (Loss) Before Reclassifications ​ ​ (1,334) ​ ​ 3,153 ​ ​ 1,819 Amounts Reclassified from Accumulated Other Comprehensive Income ​ ​ (593) ​ ​ 1,201 ​ ​ 608 Net Other Comprehensive Income (Loss) During Period ​ ​ (1,927) ​ ​ 4,354 ​ ​ 2,427 Balance at End of Year ​ $ 7,200 ​ $ 1,806 ​ $ 9,006 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at Beginning of Year ​ $ 5,263 ​ $ (489) ​ $ 4,774 Other Comprehensive Income (Loss) Before Reclassifications ​ ​ 5,051 ​ ​ (2,516) ​ ​ 2,535 Amounts Reclassified from Accumulated Other Comprehensive Income ​ ​ (1,187) ​ ​ 457 ​ ​ (730) Net Other Comprehensive Income (Loss) During Period ​ ​ 3,864 ​ ​ (2,059) ​ ​ 1,805 Balance at End of Year ​ $ 9,127 ​ $ (2,548) ​ $ 6,579 ​

Parent Company Financial Inform

Parent Company Financial Information	12 Months Ended
	Dec. 31, 2022
Parent Company Financial Information
Parent Company Financial Information	Note 25: Parent Company Financial Information The following information presents the condensed balance sheets of the Company as of December 31, 2022 and 2021, and the condensed statements of income and cash flows of the Company for the years ended December 31, 2022, 2021 and 2020: Condensed Balance Sheets ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, (dollars in thousands) 2022 2021 ASSETS ​ ​ ​ ​ ​ ​ Cash and Cash Equivalents ​ $ 37,414 ​ $ 80,551 Investment in Subsidiaries ​ 447,931 ​ 390,196 Premises and Equipment, Net ​ 844 ​ 753 Other Assets ​ 3,180 ​ 1,556 Total Assets ​ $ 489,369 ​ $ 473,056 LIABILITIES AND EQUITY ​ ​ ​ ​ ​ ​ LIABILITIES ​ ​ ​ ​ ​ ​ Notes Payable ​ $ 13,750 ​ $ — Subordinated Debentures, Net of Issuance Costs ​ 78,905 ​ 92,239 Accrued Interest Payable ​ 452 ​ 841 Other Liabilities ​ 2,198 ​ 704 Total Liabilities ​ 95,305 ​ 93,784 SHAREHOLDERS’ EQUITY ​ ​ ​ ​ ​ ​ Preferred Stock—$0.01 par value ​ ​ ​ ​ ​ ​ Preferred Stock—Authorized 10,000,000 ​ ​ 66,514 ​ ​ 66,514 Common Stock—$0.01 par value ​ ​ ​ ​ ​ ​ Voting Common Stock—Authorized 75,000,000 ​ 278 ​ 282 Additional Paid‑In Capital ​ 96,529 ​ 104,123 Retained Earnings ​ 248,685 ​ 199,347 Accumulated Other Comprehensive Income (Loss) ​ (17,942) ​ 9,006 Total Shareholders’ Equity ​ 394,064 ​ 379,272 Total Liabilities and Shareholders' Equity ​ $ 489,369 ​ $ 473,056 ​ Condensed Statements of Income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ December 31, (dollars in thousands) 2022 2021 ​ 2020 INCOME ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividend Income ​ $ 1,585 ​ $ 1,350 ​ $ 1,300 Interest Income ​ — ​ — ​ 19 Other Income ​ 129 ​ 117 ​ 179 Total Income ​ 1,714 ​ 1,467 ​ 1,498 EXPENSE ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Expense ​ 4,890 ​ 4,691 ​ 3,547 Other Expenses ​ 1,570 ​ 1,972 ​ 1,412 Total Interest Expense ​ 6,460 ​ 6,663 ​ 4,959 LOSS BEFORE INCOME TAX BENEFIT AND EQUITY IN UNDISTRIBUTED EARNINGS ​ (4,746) ​ (5,196) ​ (3,461) Income Tax Benefit ​ 1,792 ​ 1,847 ​ 1,323 LOSS BEFORE EQUITY IN UNDISTRIBUTED EARNINGS ​ (2,954) ​ (3,349) ​ (2,138) Equity in Undistributed Earnings ​ 56,346 ​ 49,036 ​ 29,332 NET INCOME ​ $ 53,392 ​ $ 45,687 ​ $ 27,194 ​ Condensed Statements of Cash Flows ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ December 31, (dollars in thousands) 2022 2021 ​ 2020 CASH FLOWS FROM OPERATING ACTIVITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Income ​ $ 53,392 ​ $ 45,687 ​ $ 27,194 Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in Undistributed Earnings of Subsidiaries ​ (56,346) ​ (49,036) ​ (29,332) Changes in Other Assets and Liabilities ​ (193) ​ 634 ​ 234 Net Cash Used by Operating Activities ​ (3,147) ​ (2,715) ​ (1,904) CASH FLOWS FROM INVESTING ACTIVITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (Increase) Decrease in Loans ​ — ​ — ​ 742 Investment in Subsidiaries ​ (25,000) ​ (25,000) ​ (25,000) Net Cash Used in Investing Activities ​ (25,000) ​ (25,000) ​ (24,258) CASH FLOWS FROM FINANCING ACTIVITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Payments on Notes Payable ​ — ​ (11,000) ​ (2,000) Proceeds from Notes Payable ​ ​ 13,750 ​ ​ — ​ ​ — Proceeds from Issuance of Subordinated Debt ​ — ​ 29,309 ​ 48,783 Redemption of Subordinated Debt ​ ​ (13,750) ​ ​ (11,250) ​ ​ — Stock Options Exercised ​ ​ 577 ​ ​ 724 ​ ​ 317 Stock Repurchases ​ ​ (11,513) ​ ​ (2,740) ​ ​ (10,373) Issuance of Preferred Stock ​ ​ — ​ ​ 66,514 ​ ​ — Preferred Stock Dividends Paid ​ ​ (4,054) ​ ​ (1,171) ​ ​ — Net Cash Provided (Used) by Financing Activities ​ (14,990) ​ 70,386 ​ 36,727 NET CHANGE IN CASH AND CASH EQUIVALENTS ​ (43,137) ​ 42,671 ​ 10,565 Cash and Cash Equivalents Beginning ​ 80,551 ​ 37,880 ​ 27,315 Cash and Cash Equivalents Ending ​ $ 37,414 ​ $ 80,551 ​ $ 37,880 ​

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2022
Subsequent Events
Subsequent Events	Note 26: Subsequent Events ​ On January 24, 2023, the Company’s Board of Directors declared a quarterly cash dividend of $36.72 per share ($0.3672 per depositary share) on the Series A Preferred Stock, payable on March 1, 2023, to shareholders of record on the Series A Preferred Stock at the close of business on February 15, 2023. ​

Description of the Business a_2

Description of the Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Description of the Business and Summary of Significant Accounting Policies
Principles of Consolidation	Principles of Consolidation The 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 judgments includes, but is not limited to, changes in interest rates, changes in the performance of the economy, including COVID-19 pandemic related changes, and changes in the financial condition of borrowers. Material estimates that are particularly susceptible to significant change in the near term include the determination of the allowance for loan losses, calculation of deferred tax assets, fair value of financial instruments, and investment securities impairment.
Cash and Cash Equivalents	Cash and Cash Equivalents For purpose of the consolidated statements of cash flows, cash and cash equivalents include cash, both interest bearing and noninterest bearing balances due from banks and federal funds sold, all of which mature within 90 days. Cash flows from loans and deposits are reported net.
Bank-Owned Certificates of Deposit	Bank-Owned Certificates of Deposit Bank-owned certificates of deposit mature within five years and are carried at cost.
Securities Available for Sale	Securities Available for Sale Debt securities are classified as available for sale and are carried at fair value with unrealized gains and losses reported in other comprehensive income (loss). Realized gains and losses on securities available for sale are included in noninterest income and, when applicable, are reported as a reclassification adjustment, net of tax, in other comprehensive income (loss). Gains and losses on sales of securities are determined using the specific identification method on the trade date. The amortization of premiums and accretion of discounts are recognized in interest income over the estimated life (earliest call date, maturity, or estimated life) using a prospective method that approximates level yield. Declines in the fair value of individual available for sale securities below their cost that are other than temporary result in write-downs of the individual securities to the fair value. The Company monitors the investment securities portfolio for impairment on an individual security basis and has a process in place to identify securities that could potentially have a credit impairment that is other than temporary. This process involves analyzing the length of time and the extent to which the fair value has been less than the amortized cost basis, the market liquidity for the security, the financial condition and near-term prospects of the issuer, expected cash flows, and the Company’s intent and ability to hold the investment for a period of time sufficient to recover the temporary loss. The ability to hold is determined by whether it is more likely than not that the Company will be required to sell the security before its anticipated recovery. A decline in value due to a credit event that is considered other than temporary is recorded as a loss in noninterest income.
Loans	Loans Loans that management has the intent and ability to hold for the foreseeable future or until maturity or pay-off generally are reported at their outstanding unpaid balances adjusted for charge-offs, the allowance for loan losses, any deferred fees or costs on originated loans, and premiums or discounts on purchased loans. Interest income is accrued on the unpaid principal balance. Loan origination fees, net of certain direct origination costs, as well as premiums and discounts, are deferred and recognized as an adjustment of the related loan yield using the interest method. Amortization of deferred loan fees is discontinued when a loan is placed on nonaccrual status. The accrual of interest on all loans is discounted if the loan is 90 days past due unless the credit is well-secured and in process of collection. Past due status is based on contractual terms of the loan. In all cases, loans are placed on nonaccrual or charged-off at an earlier date if collection of principal or interest is considered doubtful. All interest accrued, but not collected for loans that are placed on nonaccrual or charged-off is reversed against interest income and amortization of related deferred loan fees or costs is suspended. The interest on these loans is accounted for on the cash-basis or cost-recovery method, until qualifying for return to accrual. The cash-basis is used when a determination has been made that the principal and interest of the loan is collectible. If collectability of the principal and interest is in doubt, payments are applied to loan principal. The determination of ultimate collectability is supported by a current, well documented credit evaluation of the borrower’s financial condition and prospects for repayment, including consideration of the borrower’s sustained historical repayment performance and other relevant factors. Loans are returned to accrual status when all the principal and interest amounts contractually due are brought current, the borrower has demonstrated a period of sustained performance, and future payments are reasonably assured. A sustained period of repayment performance generally would be a minimum of six months.
Allowance for Loan Losses	Allowance for Loan Losses The allowance for loan losses (the “allowance”) is an estimate of loan losses inherent in the Company’s loan portfolio. The allowance is established through a provision for loan losses which is charged to expense. Additions to the allowance are expected to maintain the adequacy of the total allowance after loan losses and loan growth. Loan losses are charged-off against the allowance when the Company determines all or a portion of the loan balance to be uncollectible. Cash received on previously charged-off amounts is recorded as a recovery to the allowance. The allowance consists of three primary components, general reserves, specific reserves related to impaired loans, and unallocated reserves. The general component covers nonimpaired loans and is based on historical losses adjusted for current factors. The historical loss experience is determined by portfolio segment and is based on the actual loss history experienced by the Company over the most recent five years. This actual loss experience is adjusted for economic factors based on the risks present for each portfolio segment. These economic factors include consideration of the following: levels of and trends in delinquencies and impaired loans; trends in volume and terms of loans; experience, ability, and depth of lending management and other relevant staff; national and local economic trends and conditions, including uncertainty related to effects of the COVID-19 pandemic; industry conditions; COVID-19 pandemic related modifications; and effects of change in credit concentrations. These factors are inherently subjective and are driven by the repayment risk associated with each portfolio segment. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect the scheduled payments of principal or interest when due according to the contractual terms of the loan agreement. Loans determined to be impaired are individually evaluated for impairment. An impaired loan is measured based on the present value of expected future cash flows discounted at the loan’s effective interest rate, or, as a practical expedient, at the loan’s observable market price, or the fair value of the underlying collateral. The fair value of collateral, reduced by costs to sell on a discounted basis, is used if a loan is collateral dependent. A loan is collateral dependent if the repayment is expected to be provided solely by the underlying collateral. Allowance allocations other than general and specific reserves are included in the unallocated portion. While allocations are made for loans and leases based upon historical loss analysis, the unallocated portion is designed to cover the uncertainty of how current economic conditions and other uncertainties may impact the existing loan portfolio. Factors to consider include global, national and state economic conditions such as changes in unemployment rates and productivity, geopolitical tensions, monetary and fiscal policy uncertainty, political gridlock, and real estate market trends. The unallocated reserve addresses inherent probable losses not included elsewhere in the allowance for loan losses. Under certain circumstances, the Company will provide borrowers relief through loan restructurings. A restructuring of debt constitutes a troubled debt restructuring (TDR) if the Company, for economic or legal reasons related to the borrower’s financial difficulties, grants a concession to the borrower that it would not otherwise consider. Restructured loans typically present an elevated level of credit risk as the borrowers are not able to perform according to the original contractual terms. Loans that are reported as TDRs are considered impaired and measured for impairment as described above in the calendar year of the restructuring. In subsequent years, a restructured loan may cease being classified as impaired if the loan was modified at a market rate and is performing according to the modified terms. TDR concessions can include reduction of interest rates, extension of maturity dates, forgiveness of principal or interest due, or acceptance of other assets in full or partial satisfaction of the debt. Restructured loans can involve loans remaining on nonaccrual, moving to nonaccrual, or continuing on accrual status, depending on the individual facts and circumstances of the borrower. Nonaccrual restructured loans are included with other nonaccrual loans. The Coronavirus Aid, Relief and Economic Security Act, or, CARES Act, signed into law on March 27, 2020, included provisions that provide temporary relief from TDR accounting for certain types of modifications. Under these provisions, modifications deemed to be COVID-19-related would not be considered a TDR if the loan was not more than 30 days past due as of December 31, 2019 and the deferral was executed between March 1, 2020 and the earlier of 60 days after the date of termination of the COVID-19 national emergency or December 31, 2020. The termination of these provisions was extended, to the earlier of 60 days after the COVID-19 national emergency date or January 1, 2022, by the Consolidated Appropriations Act, 2021. The banking regulators issued similar guidance, which also clarified that a COVID-19-related modification should not be considered a TDR if the borrower was current on payments at the time the underlying loan modification program was implemented and if the modification was considered to be short-term. Modifications are first evaluated for eligibility under the CARES Act, then the interagency guidance if they do not qualify for the CARES Act relief. Modifications that are not eligible for either program continue to follow the Company’s established TDR policy. Additionally, loans with deferrals granted due to COVID-19 are not generally reported as past due or nonaccrual. The Company assigns risk ratings to all loans and periodically performs detailed internal reviews of all such loans over a certain threshold to identify credit risks and to assess the overall collectability of the portfolio. These risk ratings are also subject to examination by the Company’s regulators. During the internal reviews, management monitors and analyzes the financial condition of borrowers and guarantors, trends in the industries in which the borrowers operate, and the fair values of collateral securing the loans. These credit quality indicators are used to assign a risk rating to each individual loan. The risk ratings can be grouped into five major categories defined as follows: Pass: Watch: Substandard: Doubtful: Loss : The Company maintains a separate general valuation allowance for each portfolio segment. These portfolio segments include commercial, Paycheck Protection Program, construction and land development, 1-4 family mortgage, multifamily, CRE owner occupied, CRE nonowner occupied, and consumer and other with risk characteristics described as follows: Commercial: Paycheck Protection Program: two Construction and Land Development: 1-4 Family Mortgage: Multifamily: CRE Owner Occupied: business cycles, unemployment and other key economic indicators, which could impact the cash flows of the business and their ability to make rental payments. Certain types of businesses also may require specialized facilities that can increase costs and may not be economically feasible to an alternative user, which could adversely impact the market value of the collateral. CRE Nonowner Occupied: Consumer and Other: Although management believes the allowance to be adequate, ultimate losses may vary from its estimates. At least quarterly, the Board of Directors reviews the adequacy of the allowance, including consideration of the relevant risks in the portfolio, current economic conditions, and other factors. If the Board of Directors and management determine that changes are warranted based on those reviews, the allowance is adjusted. In addition, the Company’s regulators assess the adequacy of the allowance from time to time. The regulatory agencies may require adjustments to the allowance based on their judgment about information available at the time of their review and examinations.
Off-Balance-Sheet Instruments	Off-Balance Sheet Instruments In the ordinary course of business, the Company has entered into off-balance sheet instruments including commitments to extend credit and unfunded commitments under lines of credit, standby letters of credit, and commercial letters of credit. Such financial instruments are recorded in the consolidated financial statements when they become payable. The Company maintains a separate allowance for off-balance sheet commitments. Management estimates anticipated losses using historical data and utilization assumptions. The allowance for off-balance sheet commitments is included in other liabilities.
Federal Home Loan Bank Stock	Federal Home Loan Bank Stock The Bank is a member of FHLB Des Moines. Members are required to own a certain amount of stock based on the level of borrowings and other factors, and may invest in additional amounts. Restricted stock is carried at cost and periodically evaluated for impairment. Because this stock is viewed as a long-term investment, impairment is based on ultimate recovery at par value. Both cash and stock dividends are reported as income.
Premises and Equipment	Premises and Equipment Land is stated at cost. Premises and equipment are stated at cost less accumulated depreciation on the straight-line method over the estimated useful lives of the assets. Leasehold improvements are depreciated over the shorter of the estimated useful life or lease term for leasehold improvements. Maintenance and repairs are expensed as incurred while major additions and improvements are capitalized. Gains and losses on dispositions are included in current operations.
Foreclosed Assets	Foreclosed Assets Assets acquired through, or in lieu of, loan foreclosure are held for sale and are initially recorded at fair value less estimated selling cost at the date of foreclosure, establishing a new cost basis. Any write-downs based on the asset’s fair value at the date of acquisition are charged to the allowance. Subsequent to foreclosure, valuations are periodically performed by management and the assets held for sale are carried at the lower of the new cost basis or fair value less cost to sell. This evaluation is inherently subjective and requires estimates that are susceptible to significant revisions as more information becomes available. Impairment losses on assets to be held and used are measured at the amount by which the carrying amount of a property exceeds its fair value. Costs relating to holding and improving assets are expensed. Revenues and expenses from operations are included in other noninterest income and expense on the income statement.
Goodwill and Intangible Assets	Goodwill and Intangible Assets Intangible assets attributed to the value of core deposits and favorable lease terms are stated at cost less accumulated amortization and reported in other intangible assets in the consolidated balance sheets. Intangible assets are amortized on a straight-line basis over the estimated lives of the assets. The excess of purchase price over fair value of net assets acquired is recorded as goodwill and is not amortized. The Company evaluates whether goodwill and other intangible assets may be impaired at least annually and whenever events or changes in circumstances indicate it is more likely than not the fair value of the reporting unit or asset is less than its carrying amount.
Leases	Leases Leases are classified as operating or finance leases at the lease commencement date. Lease expense for operating leases and short-term leases is recognized on a straight-line basis over the lease team. The Company includes lease extension and termination options in the lease term if, after considering relevant economic factors, it is reasonably certain the Company will exercise the extension or termination option. Right-of-use (ROU) assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. ROU assets and lease liabilities are recognized at the lease commencement date based on the estimated present value of the lease payments over the lease term. The Company's ROU asset is included in other assets and its lease liability is included in other liabilities in the accompanying consolidated balance sheets. The Company uses its incremental borrowing rate at lease commencement to calculate the present value of lease payments when the rate implicit in a lease is not known. The Company's incremental borrowing rate is based on the FHLB amortizing advance rate, adjusted for the lease term and other factors. The Company has elected not to recognize leases with original terms of 12 months or less on the consolidated balance sheet.
Bank-Owned Life Insurance	Bank-Owned Life Insurance The Company has purchased life insurance policies on certain key executives. Bank owned life insurance is recorded at the amount that can be realized under the insurance contract at the balance sheet date, which is the cash surrender value adjusted for other charges or other amounts due that are probable at settlement.
Transfers of Financial Assets and Participating Interests	Transfers of Financial Assets and Participating Interests Transfers of an entire financial asset or a participating interest in an entire financial asset are accounted for as sales when control over the assets has been surrendered. Control over transferred assets is deemed to be surrendered when (1) the assets have been isolated from the Company, (2) the transferee obtains the right (free of conditions that constrain it from taking advantage of that right) to pledge or exchange the transferred assets, and (3) the Company does not maintain effective control over the transferred assets through an agreement to repurchase them before maturity. The transfer of a participating interest in an entire financial asset must also meet the definition of a participating interest. A participating interest in a financial asset has all of the following characteristics: (1) from the date of transfer, it must represent a proportionate (pro rata) ownership interest in the financial asset, (2) from the date of transfer, all cash flows received, except any cash flows allocated as any compensation for servicing or other services performed, must be divided proportionately among participating interest holders in the amount equal to their share ownership, (3) the rights of each participating interest holder must have the same priority, and (4) no party has the right to pledge or exchange the entire financial asset unless all participating interest holders agree to do so.
Advertising	Advertising Advertising costs are expensed as incurred.
Income Taxes	Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to temporary differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. These calculations are based on many factors including estimates of the timing of reversals of temporary differences, the interpretation of federal and state income tax laws, and a determination of the differences between the tax and the financial reporting basis of assets and liabilities. Actual results could differ significantly from the estimates and interpretations used in determining the current and deferred income tax liabilities. Under GAAP, a valuation allowance is required to be recognized if it is “more likely than not” that the deferred tax asset will not be realized. The determination of the realizability of the deferred tax assets is highly subjective and dependent upon judgment concerning management’s evaluation of both positive and negative evidence, the forecasts of future income, applicable tax planning strategies, and assessments of the current and future economic and business conditions. In preparation of the income tax returns, tax positions are taken based on interpretation of federal and state income tax laws. Management periodically reviews and evaluates the status of uncertain tax positions and makes estimates of amounts ultimately due or owed. The Company can recognize in financial statements the impact of a tax position taken, or expected to be taken, if it is more likely than not that the position will be sustained on audit based on the technical merit of the position. The Company recognizes both interest and penalties as a component of other noninterest expense. The amount of the uncertain tax positions was not deemed to be material. It is not expected that the unrecognized tax benefit will be material within the next 12 months. The Company did not recognize any interest or penalties for the years ended December 31, 2022, 2021 and 2020. The Company is no longer subject to federal or state tax examination by tax authorities for years ending before December 31, 2019.
Tax Credit Investments	Tax Credit Investments The Company invests in qualified affordable housing projects and federal historic projects for the purpose of community reinvestment and obtaining tax credits. These investments are included in other assets on the balance sheet, with any unfunded commitments included within other liabilities. The qualified affordable housing projects are accounted for under the proportional amortization method. Under the proportional amortization method, the initial cost of the investment is recognized over the period that the Company expects to receive the tax credits, with the expense included within income tax expense on the consolidated statements of income. The historic tax credits are accounted for under the equity method, with the expense included within noninterest expense on the consolidated statements of income. Management analyzes these investments for potential impairment when events or changes in circumstances indicate that it is more likely than not that the carrying amount of the investment will not be realized. An impairment loss is measured as the amount by which the carrying amount of an investment exceeds its fair value.
Comprehensive Income	Comprehensive Income Recognized revenue, expenses, gains, and losses are included in net income. Certain changes in assets and liabilities, such as unrealized gains and losses on securities available for sale and changes in the fair value of derivative instruments designated as a cash flow hedge, are reported as a separate component of the equity section of the consolidated balance sheets, such items, along with net income, are components of comprehensive income.
Derivative Financial Instruments	Derivative Financial Instruments The Company uses derivative financial instruments, which consist of interest rate swaps and interest rate caps, to assist in its interest rate risk management. All derivatives are measured and reported at fair value on the Company’s consolidated balance sheet as other assets or other liabilities. The accounting for changes in fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship. If the derivative instrument is not designated as a hedge, changes in the fair value of the derivative instrument are recognized in earnings, specifically in noninterest income. 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. and international financial institutions in order to minimize the risk to the Company. These swaps are derivatives, but are not designated as hedging instruments. Cash flow hedges represent a hedge of a forecasted transaction or the variability of cash flows to be received or paid related to a recognized asset or liability. The Company prepares written hedge documentation for all derivatives which are designed as hedges. The written hedge documentation includes identification of, among other items, the risk management objective, hedging instrument, hedged item and methodologies for assessing and measuring hedge effectiveness and ineffectiveness, along with support for management's assertion that the hedge will be highly effective. Assessments of hedge effectiveness and measurements of hedge ineffectiveness are performed at least quarterly. For a cash flow hedge that is effective, the gain or loss on the derivative is reported as a component in other comprehensive income (loss) and is reclassified into earnings in the same periods during which the hedged transaction affects earnings. The changes in the fair value of derivatives that are not highly effective in hedging the changes in expected cash flows of the hedged item are recognized immediately in current earnings. To determine fair value, the Company uses third party pricing models that incorporate assumptions about market conditions and risks that are current at the reporting date. The Company does not use derivative instruments for trading or speculative purposes. Net cash settlements on derivatives that qualify for hedge accounting are recorded in interest income or interest expense, based on the item being hedged. Net cash settlements on derivatives that do not qualify for hedge accounting are reported in noninterest income. Hedge accounting discontinues on transactions that are no longer deemed effective, or for which the derivative has been terminated or de-designated. When hedge accounting is discontinued, subsequent changes in fair value of the derivative are recorded as noninterest income. When a cash flow hedge is discontinued but the hedged cash flows or forecasted transaction is still expected to occur, changes in value that were accumulated in other comprehensive income are amortized or accreted into earnings over the same periods which the hedged transactions will affect earnings.
Stock-based Compensation	Stock-based Compensation The Company’s stock-based compensation plans provide for awards of stock options, restricted stock awards and restricted stock units to the Company’s directors, officers and employees. The cost of employee services received in exchange for awards of equity instruments is based on the grant-date fair value of those awards. Compensation cost is recognized over the requisite service period as a component of compensation expense. Compensation cost is recognized on a straight-line basis over the requisite service period for the entire award. Forfeitures are recognized as they occur. The Company uses the Black-Scholes model to estimate the fair value of stock options, while the market price of the Company’s common stock at the date of grant is used for restricted stock awards and restricted stock units.
Compensating Balances	Compensating Balances The Bank is required to maintain average balances with the Federal Reserve Bank. The Bank has implemented a deposit reclassification program which allows the Bank to reclassify a portion of transaction accounts to nontransaction accounts for reserve purposes. The deposit reclassification program was provided by a third-party vendor, and has been approved by the Federal Reserve Bank. Generally, the Company is required to maintain average reserve balances with the Federal Reserve Bank based upon outstanding balances of deposit transaction accounts. However, as announced on March 15, 2020, The Federal Reserve Board reduced reserve requirement ratios to zero percent, effective March 26, 2020, due to the COVID-19 pandemic. Therefore, at December 31, 2022 and 2021, there were no reserve requirements with the Federal Reserve Bank.
Earnings per Share	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 common per share are calculated by dividing net income by the weighted average number of shares adjusted for the dilutive effect of stock compensation using the treasury stock method.
Segment Reporting	Segment Reporting All of the Company’s operations are considered by management to be one operating segment.
Reclassifications	Reclassifications Certain reclassifications have been made to the 2021 consolidated financial statements to conform to the 2022 classifications.
Impact of Recent Accounting Standards	Impact of Recently Adopted Accounting Guidance In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ​ In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting 2022. The Company has discontinued the use of new LIBOR-based loans and interest rate derivatives, according to regulatory guidelines. Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848 ​ ​ Impact of Recently Issued Accounting Standards The following ASUs have been issued by FASB and may impact the Company’s consolidated financial statements in future reporting periods. In 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 Financial Instruments — Credit Losses (Topic 326), Derivatives and Hedging (815), and Leases (Topic 842) – Effective Dates. The Company adopted CECL effective January 1, 2023. The implementation process included establishing a cross function committee to oversee the adoption of the ASU and contracting with a third party to develop a model to comply with the CECL requirements. During the first quarter of 2023, the Company will finalize all internal processes related to the adoption of CECL. Upon finalization of internal processes, the Company will recognize a one-time cumulative effect adjustment to equity, using the modified retrospective transition method. The Company expects the initial increase to the allowance for credit losses, including the allowance for unfunded commitments, will not have a material impact on the consolidated financial statements. The initial increase to the allowance for credit losses is expected to be substantially attributable to the allowance for unfunded commitments. The ultimate impact to the Company’s financial condition and results of operations of the ASU, at both adoption and each subsequent reporting period, is highly dependent on credit quality, macroeconomic forecasts and conditions, the composition of the loan portfolio, along with other management judgments. ​ In March 2022 the FASB issued ASU 2022-02, Financial Instruments - Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures Receivables - Troubled Debt Restructurings by Creditors origination for financing receivables and net investments in leases within the scope of ASC Subtopic 326-20, Financial Instruments - Credit Losses - Measured at Amortized Cost
Subsequent Events	Subsequent Events Subsequent events have been evaluated through March 7, 2023, which is the date the consolidated financial statements were available to be issued.
Revenue Recognition	Substantially all of the Company’s revenue is generated from financial instruments, including interest income related to loans and investment securities, letters of credit, and derivatives, which are not within the scope of Topic 606 as these activities are subject to other GAAP discussed elsewhere within the Company’s disclosures. The following is a summary of revenue-generating activities that are within the scope of Topic 606, which are presented in the Company’s income statements as components of noninterest income: Service charges on deposit accounts Debit card interchange fees Gain on sales of other real estate

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (dollars in thousands, except per share data) 2022 2021 2020 Net Income Available to Common Shareholders ​ $ 49,338 ​ $ 44,516 ​ $ 27,194 Weighted Average Common Stock Outstanding: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted Average Common Stock Outstanding (Basic) ​ ​ 27,758,336 ​ ​ 28,027,454 ​ ​ 28,582,064 Dilutive Effect of Stock Compensation ​ ​ 909,841 ​ ​ 940,832 ​ ​ 588,156 Weighted Average Common Stock Outstanding (Dilutive) ​ ​ 28,668,177 ​ ​ 28,968,286 ​ ​ 29,170,220 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic Earnings per Common Share ​ $ 1.78 ​ $ 1.59 ​ $ 0.95 Diluted Earnings per Common Share ​ ​ 1.72 ​ ​ 1.54 ​ ​ 0.93

Bank-Owned Certificates of De_2

Bank-Owned Certificates of Deposit (Tables)	12 Months Ended
	Dec. 31, 2022
Bank-Owned Certificates of Deposit
Summary of certificates of deposit in other financial institutions by maturity	Certificates of deposit in other financial institutions by maturity are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (dollars in thousands) 2022 2021 Certificates of Deposit at Cost Maturing in: ​ ​ ​ ​ ​ ​ One Year or Less ​ $ 936 ​ $ 935 After One Year Through Five Years ​ 245 ​ 941 ​ ​ $ 1,181 ​ $ 1,876

Securities (Tables)

Securities (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ ​ ​ ​ ​ Gross ​ Gross ​ ​ ​ ​ ​ Amortized ​ Unrealized ​ Unrealized ​ ​ ​ (dollars in thousands) Cost Gains Losses Fair Value Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,621 ​ $ — ​ $ (41) ​ $ 2,580 Municipal Bonds ​ ​ 156,506 ​ ​ 62 ​ ​ (25,214) ​ ​ 131,354 Mortgage-Backed Securities ​ 252,919 ​ 2,465 ​ (17,600) ​ 237,784 Corporate Securities ​ 116,871 ​ ​ 45 ​ ​ (7,089) ​ ​ 109,827 SBA Securities ​ 20,957 ​ ​ 79 ​ ​ (159) ​ ​ 20,877 Asset-Backed Securities ​ ​ 46,623 ​ ​ 188 ​ ​ (620) ​ ​ 46,191 Total Securities Available for Sale ​ $ 596,497 ​ $ 2,839 ​ $ (50,723) ​ $ 548,613 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 and 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 December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,330 ​ $ (41) ​ $ — ​ $ — ​ $ 2,330 ​ $ (41) Municipal Bonds ​ ​ 59,912 ​ ​ (5,321) ​ ​ 69,424 ​ ​ (19,893) ​ ​ 129,336 ​ ​ (25,214) Mortgage-Backed Securities ​ ​ 123,224 ​ ​ (5,427) ​ ​ 62,882 ​ ​ (12,173) ​ 186,106 ​ (17,600) Corporate Securities ​ ​ 88,486 ​ ​ (5,121) ​ ​ 17,054 ​ ​ (1,968) ​ 105,540 ​ (7,089) SBA Securities ​ ​ 2,498 ​ ​ (6) ​ ​ 9,750 ​ ​ (153) ​ 12,248 ​ (159) Asset-Backed Securities ​ ​ 21,919 ​ ​ (396) ​ ​ 6,186 ​ ​ (224) ​ ​ 28,105 ​ ​ (620) Total Securities Available for Sale ​ $ 298,369 ​ $ (16,312) ​ $ 165,296 ​ $ (34,411) ​ $ 463,665 ​ $ (50,723) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022. Call date is used when a call of the debt security is expected, determined by the Company when the security has a market value above its amortized cost. Contractual maturities will differ from expected maturities for mortgage-backed, SBA securities and asset-backed securities because borrowers may have the right to call or prepay obligations without penalties. ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) Amortized Cost Fair Value December 31, 2022 ​ ​ ​ ​ ​ ​ Due in One Year or Less ​ $ 6,362 ​ $ 6,375 Due After One Year Through Five Years ​ 32,673 ​ 31,428 Due After Five Years Through 10 Years ​ 153,887 ​ 139,648 Due After 10 Years ​ 83,076 ​ 66,310 Subtotal ​ 275,998 ​ 243,761 Mortgage-Backed Securities ​ 252,919 ​ 237,784 SBA Securities ​ 20,957 ​ 20,877 Asset-Backed Securities ​ ​ 46,623 ​ ​ 46,191 Totals ​ $ 596,497 ​ $ 548,613 ​
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 years ended December 31, 2022, 2021, and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (dollars in thousands) 2022 2021 2020 Proceeds From Sales of Securities ​ $ 64,439 ​ $ 11,877 ​ $ 40,862 Gross Gains on Sales ​ 612 ​ 1,200 ​ 1,592 Gross Losses on Sales ​ (530) ​ (450) ​ (89)

Loans (Tables)

Loans (Tables)	12 Months Ended
	Dec. 31, 2022
Loans
Summary of components of loans	The following table presents the components of the loan portfolio at December 31, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, (dollars in thousands) 2022 2021 Commercial ​ $ 435,344 ​ $ 360,169 Paycheck Protection Program ​ ​ 1,049 ​ ​ 26,162 Construction and Land Development ​ 365,796 ​ 281,474 Real Estate Mortgage: ​ ​ ​ ​ 1-4 Family Mortgage ​ 355,474 ​ 305,317 Multifamily ​ 1,306,738 ​ 910,243 CRE Owner Occupied ​ ​ 149,905 ​ ​ 111,096 CRE Nonowner Occupied ​ ​ 947,008 ​ ​ 818,569 Total Real Estate Mortgage Loans ​ ​ 2,759,125 ​ ​ 2,145,225 Consumer and Other ​ ​ 8,132 ​ ​ 6,442 Total Loans, Gross ​ 3,569,446 ​ 2,819,472 Allowance for Loan Losses ​ (47,996) ​ (40,020) Net Deferred Loan Fees ​ (9,293) ​ (9,535) Total Loans, Net ​ $ 3,512,157 ​ $ 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 years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 Balance at January 1, 2020 ​ $ 3,058 ​ $ — ​ $ 2,202 ​ $ 2,839 ​ $ 5,824 ​ $ 792 ​ $ 6,972 ​ $ 85 ​ $ 754 ​ $ 22,526 Provision for Loan Losses ​ ​ 2,984 ​ ​ 70 ​ ​ 289 ​ ​ 1,223 ​ ​ 3,693 ​ ​ 360 ​ ​ 4,019 ​ ​ 134 ​ ​ (22) ​ 12,750 Loans Charged-off ​ ​ (346) ​ ​ — ​ ​ — ​ ​ (144) ​ ​ — ​ ​ — ​ ​ — ​ ​ (27) ​ ​ — ​ (517) Recoveries of Loans ​ ​ 7 ​ ​ — ​ ​ — ​ ​ 54 ​ ​ — ​ ​ 10 ​ ​ — ​ ​ 11 ​ ​ — ​ 82 Balance at December 31, 2020 ​ $ 5,703 ​ $ 70 ​ $ 2,491 ​ $ 3,972 ​ $ 9,517 ​ $ 1,162 ​ $ 10,991 ​ $ 203 ​ $ 732 ​ $ 34,841 Provision for Loan Losses ​ 545 ​ ​ (57) ​ ​ 1,266 ​ ​ (236) ​ ​ 3,093 ​ ​ 301 ​ ​ 344 ​ ​ (24) ​ ​ (82) ​ 5,150 Loans Charged-off ​ (28) ​ ​ — ​ ​ — ​ ​ (5) ​ ​ — ​ ​ — ​ ​ — ​ ​ (41) ​ ​ — ​ (74) Recoveries of Loans ​ 36 ​ ​ — ​ ​ — ​ ​ 26 ​ ​ — ​ ​ 32 ​ ​ — ​ ​ 9 ​ ​ — ​ 103 Balance at December 31, 2021 ​ $ 6,256 ​ $ 13 ​ $ 3,757 ​ $ 3,757 ​ $ 12,610 ​ $ 1,495 ​ $ 11,335 ​ $ 147 ​ $ 650 ​ $ 40,020 Provision for Loan Losses ​ 247 ​ ​ (12) ​ ​ 999 ​ ​ 280 ​ ​ 4,849 ​ ​ 470 ​ ​ 1,241 ​ ​ 13 ​ ​ (387) ​ 7,700 Loans Charged-off ​ (13) ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ (24) ​ ​ — ​ (37) Recoveries of Loans ​ 10 ​ ​ — ​ ​ — ​ ​ 288 ​ ​ — ​ ​ — ​ ​ — ​ ​ 15 ​ ​ — ​ 313 Balance at December 31, 2022 ​ $ 6,500 ​ $ 1 ​ $ 4,756 ​ $ 4,325 ​ $ 17,459 ​ $ 1,965 ​ $ 12,576 ​ $ 151 ​ $ 263 ​ $ 47,996 ​ 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 December 31, 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 Allowance for Loan Losses at December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 71 ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ 71 Collectively Evaluated for Impairment ​ ​ 6,429 ​ ​ 1 ​ ​ 4,756 ​ ​ 4,325 ​ ​ 17,459 ​ ​ 1,965 ​ ​ 12,576 ​ ​ 151 ​ ​ 263 ​ 47,925 Totals ​ $ 6,500 ​ $ 1 ​ $ 4,756 ​ $ 4,325 ​ $ 17,459 ​ $ 1,965 ​ $ 12,576 ​ $ 151 ​ $ 263 ​ $ 47,996 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Individually Evaluated for Impairment ​ $ 19,675 ​ $ — ​ $ 106 ​ $ 392 ​ $ — ​ $ 1,637 ​ $ 6,239 ​ $ — ​ $ 28,049 Collectively Evaluated for Impairment ​ 415,669 ​ ​ 1,049 ​ ​ 365,690 ​ ​ 355,082 ​ ​ 1,306,738 ​ ​ 148,268 ​ ​ 940,769 ​ ​ 8,132 ​ 3,541,397 Totals ​ $ 435,344 ​ $ 1,049 ​ $ 365,796 ​ $ 355,474 ​ $ 1,306,738 ​ $ 149,905 ​ $ 947,008 ​ $ 8,132 ​ $ 3,569,446 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ 19,508 ​ $ 19,508 ​ $ — ​ $ 4,545 ​ $ 4,545 ​ $ — Construction and Land Development ​ ​ 106 ​ ​ 713 ​ ​ — ​ ​ 130 ​ ​ 737 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ — ​ ​ — ​ ​ — ​ 933 ​ 933 ​ — 1st REM - Rentals ​ 392 ​ ​ 392 ​ — ​ 457 ​ ​ 457 ​ — CRE Owner Occupied ​ 1,637 ​ 1,726 ​ — ​ 2,421 ​ 2,466 ​ — CRE Nonowner Occupied ​ ​ 6,239 ​ ​ 6,239 ​ ​ — ​ ​ 4,188 ​ ​ 4,188 ​ ​ — Totals ​ 27,882 ​ 28,578 ​ — ​ 12,674 ​ 13,326 ​ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ 167 ​ ​ 167 ​ ​ 71 ​ 9,967 ​ ​ 9,967 ​ ​ 607 Totals ​ 167 ​ 167 ​ 71 ​ 9,967 ​ 9,967 ​ 607 Grand Totals ​ $ 28,049 ​ $ 28,745 ​ $ 71 ​ $ 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 years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, ​ ​ 2022 2021 ​ 2020 ​ ​ Average ​ Interest ​ Average ​ Interest ​ Average ​ Interest (dollars in thousands) Investment Recognized Investment Recognized Investment Recognized Loans With No Related Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 21,276 ​ $ 782 ​ $ 5,008 ​ $ 268 ​ $ 145 ​ $ 10 Construction and Land Development ​ ​ 117 ​ ​ — ​ ​ 141 ​ ​ — ​ ​ 165 ​ ​ — Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ ​ — ​ ​ — ​ ​ 933 ​ ​ 47 ​ ​ 824 ​ ​ 42 1st REM - Rentals ​ 402 ​ ​ 21 ​ 468 ​ ​ 24 ​ ​ 624 ​ ​ 29 CRE Owner Occupied ​ 1,755 ​ ​ 65 ​ 2,471 ​ ​ 106 ​ ​ 891 ​ ​ 15 CRE Nonowner Occupied ​ ​ 6,390 ​ ​ 342 ​ ​ 4,247 ​ ​ 215 ​ ​ 12,334 ​ ​ 690 Totals ​ 29,940 ​ 1,210 ​ 13,268 ​ 660 ​ 14,983 ​ 786 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Loans With An Allowance for Loan Losses: ​ ​ ​ ​ ​ ​ ​ Commercial ​ 180 ​ ​ 5 ​ ​ 13,761 ​ ​ 755 ​ ​ 122 ​ ​ 2 Consumer and Other ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ 13 ​ 1 Totals ​ 180 ​ 5 ​ 13,761 ​ 755 ​ 135 ​ 3 Grand Totals ​ $ 30,120 ​ $ 1,215 ​ $ 27,029 ​ $ 1,415 ​ $ 15,118 ​ $ 789 ​
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 December 31, 2022 and 2021, based on the most recent analysis performed by management: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (dollars in thousands) Pass Watch Substandard Total Commercial ​ $ 406,192 ​ $ 9,477 ​ $ 19,675 ​ $ 435,344 Paycheck Protection Program ​ ​ 1,049 ​ ​ — ​ ​ — ​ ​ 1,049 Construction and Land Development ​ 364,978 ​ ​ 712 ​ ​ 106 ​ 365,796 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 36,875 ​ ​ — ​ ​ — ​ 36,875 1st REM - 1-4 Family ​ 50,271 ​ ​ 674 ​ ​ — ​ 50,945 LOCs and 2nd REM - Rentals ​ 27,978 ​ ​ 7 ​ ​ — ​ 27,985 1st REM - Rentals ​ 239,277 ​ ​ — ​ ​ 392 ​ 239,669 Multifamily ​ 1,303,468 ​ ​ 3,270 ​ ​ — ​ 1,306,738 CRE Owner Occupied ​ 148,268 ​ ​ — ​ ​ 1,637 ​ 149,905 CRE Nonowner Occupied ​ ​ 922,657 ​ ​ 18,112 ​ ​ 6,239 ​ ​ 947,008 Consumer and Other ​ 8,132 ​ ​ — ​ ​ — ​ 8,132 Totals ​ $ 3,509,145 ​ $ 32,252 ​ $ 28,049 ​ $ 3,569,446 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accruing Interest ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 30-89 Days ​ 90 Days or ​ ​ ​ ​ ​ ​ (dollars in thousands) Current Past Due More Past Due Nonaccrual Total December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Commercial ​ $ 435,274 ​ $ 70 ​ $ — ​ $ — ​ $ 435,344 Paycheck Protection Program ​ ​ 1,049 ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,049 Construction and Land Development ​ 365,690 ​ ​ — ​ ​ — ​ ​ 106 ​ 365,796 Real Estate Mortgage: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ HELOC and 1-4 Family Junior Mortgage ​ 36,875 ​ ​ — ​ ​ — ​ ​ — ​ 36,875 1st REM - 1-4 Family ​ 50,945 ​ ​ — ​ ​ — ​ ​ — ​ 50,945 LOCs and 2nd REM - Rentals ​ 27,985 ​ ​ — ​ ​ — ​ ​ — ​ 27,985 1st REM - Rentals ​ 239,553 ​ ​ 116 ​ ​ — ​ ​ — ​ 239,669 Multifamily ​ 1,306,738 ​ ​ — ​ ​ — ​ ​ — ​ 1,306,738 CRE Owner Occupied ​ 149,372 ​ ​ — ​ ​ — ​ ​ 533 ​ 149,905 CRE Nonowner Occupied ​ 947,008 ​ ​ — ​ ​ — ​ ​ — ​ 947,008 Consumer and Other ​ 8,132 ​ ​ — ​ ​ — ​ ​ — ​ 8,132 Totals ​ $ 3,568,621 ​ $ 186 ​ $ — ​ $ 639 ​ $ 3,569,446 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​

Premises and Equipment (Tables)

Premises and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Premises and Equipment
Schedule of Premises and equipment	Premises and equipment are summarized as follows for the years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Range of ​ December 31, ​ December 31, (dollars in thousands) ​ Useful Lives 2022 2021 Land ​ N/A ​ $ 5,174 ​ $ 5,174 Building ​ 15 - 39 Years ​ 41,265 ​ 40,758 Leasehold Improvements ​ 3 ‑ 10 Years ​ 2,380 ​ 2,684 Furniture and Equipment ​ 2 ‑ 5 Years ​ 6,978 ​ 7,058 Subtotal ​ ​ ​ 55,797 ​ 55,674 Accumulated Depreciation ​ ​ ​ (7,352) ​ (6,279) Totals ​ ​ ​ $ 48,445 ​ $ 49,395 ​

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2022
Intangible Assets
Summary of analysis of intangible assets	The following table presents a summary of intangible assets at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) 2022 2021 Core Deposit Intangible ​ $ 1,093 ​ $ 1,093 Favorable Lease ​ 445 ​ 445 Subtotal ​ 1,538 ​ 1,538 Accumulated Amortization ​ (1,250) ​ (1,059) Totals ​ $ 288 ​ $ 479 ​
Summary of estimated future amortization of the core deposit premium intangible and favorable lease asset	The following table presents the estimated future amortization of the core deposit intangible and favorable lease asset for the next five years and thereafter. The projections of amortization expense are based on existing asset balances as of December 31, 2022. ​ ​ ​ ​ ​ ​ ​ ​ ​ Core Deposit ​ Favorable (dollars in thousands) Intangible Lease 2023 ​ $ 65 ​ $ 34 2024 ​ — ​ 34 2025 ​ — ​ 34 2026 ​ — ​ 34 2027 ​ — ​ 34 Thereafter ​ — ​ 53 Totals ​ $ 65 ​ $ 223

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Leases
Components of Lease Expense	The following table presents the components of lease expense and cash flow information related to operating leases as of the period indicated: ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) ​ 2022 Operating Lease Cost ​ $ 538 Variable Lease Cost ​ 253 Total Lease Cost ​ $ 791 ​
Other Information on Operating Leases	The following table presents other information on the Company’s operating leases for the year ended December 31, 2022: ​ ​ ​ ​ ​ ​ ​ December 31, ​ (dollars in thousands) ​ 2022 ​ Operating Lease Right-of-Use Assets ​ $ 2,472 ​ Operating Lease Liabilities ​ ​ 2,496 ​ Weighted Average Remaining Lease Term (in Years) ​ ​ 6.12 Years Weighted Average Discount Rate ​ ​ 1.46 % ​ ​ ​ ​ ​ Other Information ​ ​ ​ ​ Cash paid for amounts included in the measurement of lease liabilities: ​ ​ ​ ​ Operating cash flows from operating leases ​ $ 513 ​ ​
Schedule of future minimum rent commitments	The following table presents the future expected operating lease payments under the Company's operating lease agreements as of December 31, 2022: ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) ​ 2022 2023 ​ $ 524 2024 ​ ​ 534 2025 ​ ​ 544 2026 ​ ​ 387 2027 ​ ​ 284 Thereafter ​ ​ 324 Total Undiscounted Lease Payments ​ ​ 2,597 Discount for Present Value of Expected Cash Flows ​ ​ (101) Total Lease Liability ​ $ 2,496 ​
Schedule of future minimum rental income	The Company receives rents from the lease of office and retail space in its corporate headquarters building. Rental income is included in noninterest expense as an offset to rental expense. Future minimum rental income under these leases are listed below at December 31, 2022. ​ ​ ​ ​ ​ (dollars in thousands) 2022 2023 ​ $ 507 2024 ​ ​ 512 2025 ​ ​ 519 2026 ​ ​ 301 2027 ​ ​ 264 Thereafter ​ ​ 716 Total ​ $ 2,819 ​
Greenwood Location
Leases
Schedule of future minimum rent commitments	The Greenwood location is leased pursuant to the terms of a non‑cancelable lease agreement with Bridgewater Properties Greenwood, LLC, a related party through common ownership, in effect at December 31, 2022. The lease contains one option to extend the lease for a period of five years. Future minimum rent commitments under the operating lease are listed below at December 31, 2022. ​ ​ ​ ​ ​ (dollars in thousands) 2022 2023 ​ $ 174 2024 ​ ​ 178 2025 ​ ​ 181 2026 ​ ​ 108 Total ​ $ 641 ​

Deposits (Tables)

Deposits (Tables)	12 Months Ended
	Dec. 31, 2022
Deposits.
Schedule of composition of deposits	The following table presents the composition of deposits at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) 2022 2021 Transaction Deposits ​ $ 1,336,264 ​ $ 1,419,873 Savings and Money Market Deposits ​ 1,031,873 ​ 863,567 Time Deposits ​ 272,253 ​ 293,474 Brokered Deposits ​ 776,153 ​ 369,323 Totals ​ $ 3,416,543 ​ $ 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 December 31, 2022: ​ ​ ​ ​ ​ ​ December 31, (dollars in thousands) 2022 Less than 1 Year ​ $ 387,433 1 to 2 Years ​ ​ 109,652 2 to 3 Years ​ ​ 229,732 3 to 4 Years ​ ​ 102,280 4 to 5 Years ​ ​ 25,887 Greater than 5 Years ​ ​ 9,144 Totals ​ $ 864,128 ​

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	12 Months Ended
	Dec. 31, 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 years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, (dollars in thousands) ​ 2022 ​ 2021 ​ 2020 Derivatives in ​ Location of Gain (Loss) ​ Gain (Loss) Cash Flow Hedging ​ Reclassified ​ Reclassified from Relationships ​ from AOCI into Income ​ AOCI into Earnings Interest rate swaps ​ Interest expense ​ $ 679 ​ $ (1,117) ​ $ (579) Interest rate caps ​ Interest expense ​ ​ (671) ​ ​ (403) ​ ​ — ​
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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated (dollars in thousands) ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 65,315 ​ $ 8,240 ​ $ 49,101 ​ $ 641 Liabilities ​ 65,315 ​ (8,240) ​ 49,101 ​ (641) Total ​ $ 130,630 ​ $ — ​ $ 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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 December 31, 2021 ​ Notional Amount ​ $ 163,000 ​ $ 125,000 ​ Weighted Average Pay Rate ​ ​ 1.90 % ​ 1.27 % Weighted Average Receive Rate ​ ​ 3.47 % ​ 0.14 % Weighted Average Maturity (Years) ​ ​ 5.15 ​ ​ 3.76 ​ Net Unrealized Gain ​ $ 9,175 ​ $ 791 ​
Interest Rate Cap
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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ ​ Notional ​ Estimated ​ Notional ​ Estimated (dollars in thousands) ​ Amount ​ Fair Value ​ Amount ​ Fair Value Interest rate swap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ $ 125,000 ​ $ 10,477 ​ $ 90,000 ​ $ 1,717 Liabilities ​ ​ 38,000 ​ ​ (1,302) ​ ​ 35,000 ​ ​ (926) Interest rate cap agreements: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Assets ​ ​ 125,000 ​ ​ 19,406 ​ ​ 110,000 ​ ​ 7,356 ​
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 December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) December 31, 2022 December 31, 2021 ​ Notional Amount ​ $ 125,000 ​ $ 110,000 ​ Unamortized Premium Paid ​ ​ 5,872 ​ ​ 5,859 ​ Weighted Average Strike Rate ​ ​ 0.96 % ​ 0.90 % Weighted Average Maturity (Years) ​ ​ 7.35 ​ ​ 8.72 ​ ​

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Tables)	12 Months Ended
	Dec. 31, 2022
Federal Home Loan Bank Advances and Other Borrowings
Schedule of FHLB advances, by maturity	The following table presents FHLB advances, by maturity, at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ Weighted ​ Weighted ​ ​ ​ Average ​ Total ​ Average ​ Total (dollars in thousands) ​ Rate ​ Outstanding ​ Rate ​ Outstanding Less than 1 Year ​ 4.30 % $ 83,000 ​ — % $ — 1 to 2 Years ​ 1.05 ​ ​ 5,000 ​ — ​ ​ — 2 to 3 Years ​ 1.22 ​ ​ 5,000 ​ 1.66 ​ ​ 22,500 3 to 4 Years ​ 0.78 ​ ​ 4,000 ​ 1.22 ​ ​ 16,000 4 to 5 Years ​ — ​ ​ — ​ 0.78 ​ ​ 4,000 Totals ​ ​ ​ $ 97,000 ​ ​ ​ $ 42,500 ​
Schedule of revolving line of credit	The following table presents the revolving line of credit at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Debt ​ Total Debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Outstanding ​ Outstanding ​ Interest ​ ​ ​ Name ​ Maturity Date ​ ​ December 31, 2022 ​ December 31, 2021 ​ Rate ​ ​ Coupon Structure Revolving Credit Facility (1) ​ September 1, 2024 ​ $ 13,750 ​ — ​ 7.50 % ​ Variable with Floor (2) (1) 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. (2) The variable interest rate is equal to the greater of the Wall Street Journal Prime Rate in effect or a floor rate of 3.85% .

Subordinated Debentures (Tables

Subordinated Debentures (Tables)	12 Months Ended
	Dec. 31, 2022
Subordinated Debentures
Schedule of subordinated debentures	The following presents a summary of the Company’s subordinated debentures as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Debt ​ ​ Total Debt ​ ​ ​ ​ ​ ​ ​ Date ​ ​ First ​ Maturity ​ Outstanding ​ ​ Outstanding ​ Interest ​ ​ ​ Name ​ Established ​ ​ Redemption Date ​ Date ​ December 31, 2022 ​ ​ December 31, 2021 ​ Rate ​ ​ Coupon Structure (dollars in thousands) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2027 Notes ​ July 12, 2017 ​ ​ July 15, 2022 ​ N/A $ — ​ $ 13,750 ​ N/A % ​ 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 ​ ​ ​ ​ ​ ​ ​ ​ 80,000 ​ ​ 93,750 ​ ​ ​ ​ ​ Debt Issuance Costs ​ ​ ​ ​ ​ ​ ​ ​ (1,095) ​ ​ (1,511) ​ ​ ​ ​ ​ Subordinated Debentures, Net of Issuance Costs ​ ​ ​ ​ ​ ​ ​ $ 78,905 ​ $ 92,239 ​ ​ ​ ​ ​ (1) Migrates to three month LIBOR + 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. ​

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2022
Related-Party Transactions
Schedule of loans made between related parties	In the ordinary course of business, the Company has granted loans to executive officers, directors, principal shareholders, and their affiliates (related parties). The following table presents the activity associated with loans made between related parties for the years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) 2022 2021 Beginning Balance ​ $ 49,964 ​ $ 34,130 New Loans and Advances ​ 16,006 ​ 45,407 Repayments ​ (38,294) ​ (29,573) Totals ​ $ 27,676 ​ $ 49,964 ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Taxes
Summary of allocation of federal and state income taxes	The following table presents the allocation of federal and state income taxes between current and deferred portions as of December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) 2022 2021 ​ 2020 Current Tax Provision ​ $ 19,719 ​ $ 20,408 ​ $ 11,062 Deferred Tax Benefit ​ (1,401) ​ (4,522) ​ (2,590) Total Income Tax Provision ​ $ 18,318 ​ $ 15,886 ​ $ 8,472 ​
Statutory federal income tax rate and the effective tax rates	The reasons for the differences between the statutory federal income tax rate and the effective tax rates are summarized as follows as of December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2022 ​ ​ 2021 ​ 2020 (dollars in thousands) Amount Percent ​ Amount Percent ​ ​ Amount Percent ​ Amount of Statutory Rate ​ $ 15,059 ​ 21.0 % ​ $ 12,930 ​ 21.0 % ​ $ 7,489 ​ 21.0 % State Income Taxes (Net of Federal Income Tax Benefit) ​ 5,349 ​ 7.5 ​ ​ 4,647 ​ 7.6 ​ ​ 3,014 ​ 8.5 ​ Interest on Investment Securities and Loans Exempt From Federal Income Tax ​ (899) ​ (1.3) ​ ​ (657) ​ (1.1) ​ ​ (702) ​ (2.0) ​ Tax Credits ​ (835) ​ (1.2) ​ ​ (540) ​ (0.9) ​ ​ (770) ​ (2.1) ​ Other Differences ​ (356) ​ (0.5) ​ ​ (494) ​ (0.8) ​ ​ (559) ​ (1.6) ​ Totals ​ $ 18,318 ​ 25.5 % ​ $ 15,886 ​ 25.8 % ​ $ 8,472 ​ 23.8 % ​
Summary of components of the net deferred tax asset	The following table presents the components of the net deferred tax asset included in other assets, as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) 2022 2021 Depreciation ​ $ (325) ​ $ (274) Allowance for Loan Losses ​ 13,639 ​ 11,332 Unrealized Loss (Gain) on Securities Available for Sale ​ 13,759 ​ (1,914) Unrealized (Gain) Loss on Cash Flow Hedges ​ (6,527) ​ (480) Prepaid Expenses ​ (886) ​ (392) Deferred Compensation ​ 510 ​ 871 Deferred Loan Fees ​ ​ 2,745 ​ ​ 2,653 Other ​ 2 ​ 94 Totals ​ $ 22,917 ​ $ 11,890

Tax Credit Investments (Tables)

Tax Credit Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Tax Credit Investments
Summary of investments in qualified affordable housing projects and other tax credit investments	The following table presents a summary of the Company’s investments in qualified affordable housing projects and other tax credit investments at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ ​ ​ December 31, 2022 ​ December 31, 2021 Investment ​ Accounting Method ​ ​ Investment ​ ​ Unfunded Commitment (1) ​ ​ Investment ​ ​ Unfunded Commitment Low Income Housing Tax Credit (LIHTC) ​ Proportional Amortization ​ $ 4,701 ​ $ — ​ $ 2,871 ​ $ — Federal Historic Tax Credit (FHTC) ​ Equity ​ ​ 1,785 ​ ​ 323 ​ ​ 1,732 ​ ​ 407 Total ​ ​ ​ $ 6,486 ​ $ 323 ​ $ 4,603 ​ $ 407 (1) All commitments are expected to be paid by the Company by December 31, 2023. ​
Schedule of amortization expense and tax benefit for qualified affordable housing projects and other tax credit investments	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended ​ ​ December 31, (dollars in thousands) 2022 2021 2020 Amortization Expense (1) ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC ​ $ 271 ​ $ 280 ​ $ 281 FHTC ​ ​ 408 ​ ​ 562 ​ ​ 738 Total ​ $ 679 ​ $ 842 ​ $ 1,019 Tax Benefit Recognized (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ LIHTC ​ $ (330) ​ $ (330) ​ $ (330) FHTC ​ ​ (607) ​ ​ (625) ​ ​ (1,056) Total ​ $ (937) ​ $ (955) ​ $ (1,386) (1) The amortization expense for the LIHTC investments are included in income tax expense. The amortization for the FHTC tax credits are included in noninterest expense. (2) All of the tax benefits recognized are included in income tax expense. The tax benefit recognized for the FHTC investments primarily reflects the tax credits generated from the investments, and excludes the net tax expense/benefit of the investments’ income/loss.

Commitments, Contingencies an_2

Commitments, Contingencies and Credit Risk (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments, Contingencies and Credit Risk
Schedule of commitments outstanding	The following commitments were outstanding at December 31, 2022 and December 31, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, (dollars in thousands) 2022 2021 Unfunded Commitments Under Lines of Credit ​ $ 848,734 ​ $ 799,148 Letters of Credit ​ 115,769 ​ 119,647 Totals ​ $ 964,503 ​ $ 918,795 ​

Stock Options and Restricted _2

Stock Options and Restricted Stock (Tables)	12 Months Ended
	Dec. 31, 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 for valuing stock option grants in 2022 is as follows: ​ ​ ​ ​ ​ ​ December 31, ​ ​ 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 outstanding stock options for the years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ Weighted Weighted ​ ​ ​ ​ Average ​ ​ ​ Average ​ ​ Shares ​ Exercise Price ​ Shares ​ Exercise Price Outstanding at Beginning of Year 1,768,745 ​ $ 7.67 1,914,250 ​ $ 7.29 Granted 290,000 ​ 17.50 20,500 ​ ​ 16.88 Exercised (133,301) ​ 4.33 (164,405) ​ ​ 4.40 Forfeitures (12,000) ​ 14.77 (1,600) ​ ​ 7.47 Outstanding at Period End 1,913,444 ​ $ 9.35 1,768,745 ​ $ 7.67 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Options Exercisable at Period End 1,492,069 ​ $ 7.51 1,332,845 ​ $ 6.83 ​
Summary of information pertaining to options outstanding based on range of exercise price	The following table presents information pertaining to options outstanding at December 31, 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 - 3.99 307,000 ​ $ 3.04 ​ 1.1 307,000 $ 3.04 ​ 7.00 - 7.99 904,916 ​ 7.47 4.8 904,916 ​ 7.47 ​ 8.00 - 8.99 17,500 ​ 8.76 7.3 5,000 ​ 8.76 ​ 10.00 - 10.99 ​ 10,000 ​ ​ 10.08 ​ 7.4 ​ 5,000 ​ ​ 10.08 ​ 11.00 - 11.99 ​ 85,000 ​ ​ 11.27 ​ 6.4 ​ 56,000 ​ ​ 11.30 ​ 12.00 - 12.99 ​ 263,528 ​ ​ 12.90 ​ 6.6 ​ 191,528 ​ ​ 12.91 ​ 13.00 - 13.99 ​ 25,000 ​ ​ 13.22 ​ 5.4 ​ 20,000 ​ ​ 13.22 ​ 17.00 - 17.99 ​ 300,500 ​ ​ 17.50 ​ 9.1 ​ 2,625 ​ ​ 17.49 ​ Totals 1,913,444 ​ $ 9.35 ​ 5.2 1,492,069 ​ $ 7.51 ​
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 year ended December 31, 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 (292,525) ​ ​ 3.12 Forfeited ​ (12,000) ​ ​ 5.12 Nonvested Options at December 31, 2022 421,375 ​ $ 4.87 ​
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 years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ Weighted ​ Weighted ​ ​ Number of ​ Average Grant ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value ​ Shares ​ Date Fair Value Nonvested at December 31, 2021 75,113 ​ $ 12.59 ​ 110,962 ​ $ 12.63 Granted — ​ ​ — ​ — ​ ​ — Vested (35,351) ​ ​ 12.69 ​ (35,849) ​ ​ 12.69 Forfeited ​ (1,000) ​ ​ 12.92 ​ — ​ ​ — Nonvested at December 31, 2022 38,762 ​ $ 12.50 ​ 75,113 ​ $ 12.59 ​
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 years ended December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 ​ December 31, 2021 ​ Weighted ​ Weighted ​ ​ Number of ​ Average Grant ​ Number of ​ Average Grant ​ ​ Shares ​ Date Fair Value ​ Shares ​ Date Fair Value Nonvested at December 31, 2021 344,908 ​ $ 15.02 ​ 205,666 ​ $ 12.27 Granted 112,760 ​ ​ 18.72 ​ 191,468 ​ ​ 17.22 Vested (96,786) ​ ​ 14.65 ​ (51,146) ​ ​ 12.27 Forfeited ​ (9,572) ​ ​ 15.12 ​ (1,080) ​ ​ 12.27 Nonvested at December 31, 2022 351,310 ​ $ 16.30 ​ 344,908 ​ $ 15.02 ​

Regulatory Capital (Tables)

Regulatory Capital (Tables)	12 Months Ended
	Dec. 31, 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 December 31, 2022 and 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 ​ December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Company (Consolidated): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 536,352 ​ 13.15 % $ 326,190 ​ 8.00 % $ 428,125 ​ 10.50 % ​ N/A ​ N/A ​ Tier 1 Risk-based Capital ​ ​ 409,092 ​ 10.03 ​ ​ 244,643 ​ 6.00 ​ ​ 346,577 ​ 8.50 ​ ​ N/A ​ N/A ​ Common Equity Tier 1 Capital ​ ​ 342,578 ​ 8.40 ​ ​ 183,482 ​ 4.50 ​ ​ 285,417 ​ 7.00 ​ ​ N/A ​ N/A ​ Tier 1 Leverage Ratio ​ ​ 409,092 ​ 9.55 ​ ​ 171,368 ​ 4.00 ​ ​ 171,368 ​ 4.00 ​ ​ N/A ​ N/A ​ Bank: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Risk-based Capital ​ $ 508,760 ​ 12.47 % $ 326,288 ​ 8.00 % $ 428,253 ​ 10.50 % $ 407,860 ​ 10.00 % Tier 1 Risk-based Capital ​ ​ 460,404 ​ 11.29 ​ ​ 244,716 ​ 6.00 ​ ​ 346,681 ​ 8.50 ​ ​ 326,288 ​ 8.00 ​ Common Equity Tier 1 Capital ​ ​ 460,404 ​ 11.29 ​ ​ 183,537 ​ 4.50 ​ ​ 285,502 ​ 7.00 ​ ​ 265,109 ​ 6.50 ​ Tier 1 Leverage Ratio ​ ​ 460,404 ​ 10.76 ​ ​ 171,113 ​ 4.00 ​ ​ 171,113 ​ 4.00 ​ ​ 213,891 ​ 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)	12 Months Ended
	Dec. 31, 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 table presents the balances of the assets and liabilities measured at fair value on a recurring basis as of December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Securities Available for Sale: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ U.S. Treasury Securities ​ $ 2,580 ​ $ — ​ $ — ​ $ 2,580 Municipal Bonds ​ ​ — ​ ​ 131,354 ​ ​ — ​ ​ 131,354 Mortgage-Backed Securities ​ ​ — ​ ​ 237,784 ​ ​ — ​ ​ 237,784 Corporate Securities ​ ​ — ​ ​ 109,827 ​ ​ — ​ ​ 109,827 SBA Securities ​ ​ — ​ ​ 20,877 ​ ​ — ​ ​ 20,877 Asset-Backed Securities ​ ​ — ​ ​ 46,191 ​ ​ — ​ ​ 46,191 Interest Rate Caps ​ ​ — ​ ​ 19,406 ​ ​ — ​ ​ 19,406 Interest Rate Swaps ​ ​ — ​ ​ 18,717 ​ ​ — ​ ​ 18,717 Total Fair Value of Financial Assets ​ $ 2,580 ​ $ 584,156 ​ $ — ​ $ 586,736 Fair Value of Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Rate Swaps ​ $ — ​ $ 9,542 ​ $ — ​ $ 9,542 Total Fair Value of Financial Liabilities ​ $ — ​ $ 9,542 ​ $ — ​ $ 9,542 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 for the periods ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2022 (dollars in thousands) Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 96 ​ $ — ​ $ 71 Totals ​ $ — ​ $ 96 ​ $ — ​ $ 71 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2021 (dollars in thousands) Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 9,360 ​ $ — ​ $ 625 Totals ​ $ — ​ $ 9,360 ​ $ — ​ $ 625 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 (dollars in thousands) Level 1 Level 2 Level 3 Loss Impaired Loans ​ $ — ​ $ 80 ​ $ — ​ $ 50 Totals ​ $ — ​ $ 80 ​ $ — ​ $ 50 ​
Summary of carrying amount and estimated fair values of financial instruments	The following tables present the carrying amounts and estimated fair values of financial instruments at December 31, 2022 and 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 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 ​ $ 87,043 ​ $ 87,043 ​ $ — ​ $ — ​ $ 87,043 Bank-Owned Certificates of Deposit ​ ​ 1,181 ​ ​ — ​ ​ 1,173 ​ ​ — ​ ​ 1,173 Securities Available for Sale ​ ​ 548,613 ​ ​ 2,580 ​ ​ 546,033 ​ ​ — ​ ​ 548,613 FHLB Stock, at Cost ​ ​ 19,606 ​ ​ — ​ ​ 19,606 ​ ​ — ​ ​ 19,606 Loans, Net ​ ​ 3,512,157 ​ ​ — ​ ​ 3,314,190 ​ ​ — ​ ​ 3,314,190 Accrued Interest Receivable ​ ​ 13,479 ​ ​ — ​ ​ 13,479 ​ ​ — ​ ​ 13,479 Interest Rate Caps ​ ​ 19,406 ​ ​ — ​ ​ 19,406 ​ ​ — ​ ​ 19,406 Interest Rate Swaps ​ ​ 18,717 ​ ​ — ​ ​ 18,717 ​ ​ — ​ ​ 18,717 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Financial Liabilities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Deposits ​ $ 3,416,543 ​ $ — ​ $ 3,390,416 ​ $ — ​ $ 3,390,416 Federal Funds Purchased ​ ​ 287,000 ​ ​ — ​ ​ 287,000 ​ ​ — ​ ​ 287,000 Notes Payable ​ ​ 13,750 ​ ​ ​ ​ ​ 13,473 ​ ​ — ​ ​ 13,473 FHLB Advances ​ ​ 97,000 ​ ​ — ​ ​ 96,061 ​ ​ — ​ ​ 96,061 Subordinated Debentures ​ ​ 78,905 ​ ​ — ​ ​ 70,931 ​ ​ — ​ ​ 70,931 Accrued Interest Payable ​ ​ 2,831 ​ ​ — ​ ​ 2,831 ​ ​ — ​ ​ 2,831 Interest Rate Swaps ​ ​ 9,542 ​ ​ — ​ ​ 9,542 ​ ​ — ​ ​ 9,542 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 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 ​

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	12 Months Ended
	Dec. 31, 2022
Accumulated Other Comprehensive Income (Loss).
Summary of components of other comprehensive income (loss)	The following table presents the components of other comprehensive income (loss) for the years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (dollars in thousands) ​ Before Tax ​ Tax Effect ​ Net of Tax Year Ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Loss on Available for Sale Securities ​ $ (56,914) ​ $ 15,649 ​ $ (41,265) Less: Reclassification Adjustment for Net Gains Included in Net Income ​ ​ (82) ​ ​ 23 ​ ​ (59) Total Unrealized Loss ​ ​ (56,996) ​ ​ 15,672 ​ ​ (41,324) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Gain on Cash Flow Hedge ​ ​ 20,430 ​ ​ (6,048) ​ ​ 14,382 Less: Reclassification Adjustment for Gains Included in Net Income ​ ​ (8) ​ ​ 2 ​ ​ (6) Total Unrealized Gain ​ ​ 20,422 ​ ​ (6,046) ​ ​ 14,376 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Comprehensive Loss ​ $ (36,574) ​ $ 9,626 ​ $ (26,948) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Loss on Available for Sale Securities ​ $ (1,689) ​ $ 355 ​ $ (1,334) Less: Reclassification Adjustment for Net Gains Included in Net Income ​ ​ (750) ​ ​ 157 ​ ​ (593) Total Unrealized Loss ​ ​ (2,439) ​ ​ 512 ​ ​ (1,927) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Gain on Cash Flow Hedge ​ ​ 3,991 ​ ​ (838) ​ ​ 3,153 Less: Reclassification Adjustment for Losses Included in Net Income ​ ​ 1,520 ​ ​ (319) ​ ​ 1,201 Total Unrealized Gain ​ ​ 5,511 ​ ​ (1,157) ​ ​ 4,354 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Comprehensive Gain ​ $ 3,072 ​ $ (645) ​ $ 2,427 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Gain on Available for Sale Securities ​ $ 6,394 ​ $ (1,343) ​ $ 5,051 Less: Reclassification Adjustment for Net Gains Included in Net Income ​ ​ (1,503) ​ ​ 316 ​ ​ (1,187) Total Unrealized Gain ​ ​ 4,891 ​ ​ (1,027) ​ ​ 3,864 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Unrealized Loss on Cash Flow Hedge ​ ​ (3,185) ​ ​ 669 ​ ​ (2,516) Less: Reclassification Adjustment for Losses Included in Net Income ​ ​ 579 ​ ​ (122) ​ ​ 457 Total Unrealized Loss ​ ​ (2,606) ​ ​ 547 ​ ​ (2,059) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other Comprehensive Gain ​ $ 2,285 ​ $ (480) ​ $ 1,805 ​
Summary of changes in each component of accumulated other comprehensive income (loss), net of tax	The following table presents the changes in each component of accumulated other comprehensive income (loss), net of tax, for the years ended December 31, 2022, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated ​ ​ Available For ​ ​ ​ ​ Other Comprehensive (dollars in thousands) ​ Sale Securities ​ Cash Flow Hedge ​ Income (Loss) Year Ended December 31, 2022 ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at Beginning of Year ​ $ 7,200 ​ $ 1,806 ​ $ 9,006 Other Comprehensive Income (Loss) Before Reclassifications ​ ​ (41,265) ​ ​ 14,382 ​ ​ (26,883) Amounts Reclassified from Accumulated Other Comprehensive Income ​ ​ (59) ​ ​ (6) ​ ​ (65) Net Other Comprehensive Income (Loss) During Period ​ ​ (41,324) ​ ​ 14,376 ​ ​ (26,948) Balance at End of Year ​ $ (34,124) ​ $ 16,182 ​ $ (17,942) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2021 ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at Beginning of Year ​ $ 9,127 ​ $ (2,548) ​ $ 6,579 Other Comprehensive Income (Loss) Before Reclassifications ​ ​ (1,334) ​ ​ 3,153 ​ ​ 1,819 Amounts Reclassified from Accumulated Other Comprehensive Income ​ ​ (593) ​ ​ 1,201 ​ ​ 608 Net Other Comprehensive Income (Loss) During Period ​ ​ (1,927) ​ ​ 4,354 ​ ​ 2,427 Balance at End of Year ​ $ 7,200 ​ $ 1,806 ​ $ 9,006 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year Ended December 31, 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at Beginning of Year ​ $ 5,263 ​ $ (489) ​ $ 4,774 Other Comprehensive Income (Loss) Before Reclassifications ​ ​ 5,051 ​ ​ (2,516) ​ ​ 2,535 Amounts Reclassified from Accumulated Other Comprehensive Income ​ ​ (1,187) ​ ​ 457 ​ ​ (730) Net Other Comprehensive Income (Loss) During Period ​ ​ 3,864 ​ ​ (2,059) ​ ​ 1,805 Balance at End of Year ​ $ 9,127 ​ $ (2,548) ​ $ 6,579

Parent Company Financial Info_2

Parent Company Financial Information (Tables)	12 Months Ended
	Dec. 31, 2022
Parent Company Financial Information
Schedule of Condensed Balance Sheets	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, (dollars in thousands) 2022 2021 ASSETS ​ ​ ​ ​ ​ ​ Cash and Cash Equivalents ​ $ 37,414 ​ $ 80,551 Investment in Subsidiaries ​ 447,931 ​ 390,196 Premises and Equipment, Net ​ 844 ​ 753 Other Assets ​ 3,180 ​ 1,556 Total Assets ​ $ 489,369 ​ $ 473,056 LIABILITIES AND EQUITY ​ ​ ​ ​ ​ ​ LIABILITIES ​ ​ ​ ​ ​ ​ Notes Payable ​ $ 13,750 ​ $ — Subordinated Debentures, Net of Issuance Costs ​ 78,905 ​ 92,239 Accrued Interest Payable ​ 452 ​ 841 Other Liabilities ​ 2,198 ​ 704 Total Liabilities ​ 95,305 ​ 93,784 SHAREHOLDERS’ EQUITY ​ ​ ​ ​ ​ ​ Preferred Stock—$0.01 par value ​ ​ ​ ​ ​ ​ Preferred Stock—Authorized 10,000,000 ​ ​ 66,514 ​ ​ 66,514 Common Stock—$0.01 par value ​ ​ ​ ​ ​ ​ Voting Common Stock—Authorized 75,000,000 ​ 278 ​ 282 Additional Paid‑In Capital ​ 96,529 ​ 104,123 Retained Earnings ​ 248,685 ​ 199,347 Accumulated Other Comprehensive Income (Loss) ​ (17,942) ​ 9,006 Total Shareholders’ Equity ​ 394,064 ​ 379,272 Total Liabilities and Shareholders' Equity ​ $ 489,369 ​ $ 473,056 ​
Schedule of Condensed Statements of Income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ December 31, (dollars in thousands) 2022 2021 ​ 2020 INCOME ​ ​ ​ ​ ​ ​ ​ ​ ​ Dividend Income ​ $ 1,585 ​ $ 1,350 ​ $ 1,300 Interest Income ​ — ​ — ​ 19 Other Income ​ 129 ​ 117 ​ 179 Total Income ​ 1,714 ​ 1,467 ​ 1,498 EXPENSE ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest Expense ​ 4,890 ​ 4,691 ​ 3,547 Other Expenses ​ 1,570 ​ 1,972 ​ 1,412 Total Interest Expense ​ 6,460 ​ 6,663 ​ 4,959 LOSS BEFORE INCOME TAX BENEFIT AND EQUITY IN UNDISTRIBUTED EARNINGS ​ (4,746) ​ (5,196) ​ (3,461) Income Tax Benefit ​ 1,792 ​ 1,847 ​ 1,323 LOSS BEFORE EQUITY IN UNDISTRIBUTED EARNINGS ​ (2,954) ​ (3,349) ​ (2,138) Equity in Undistributed Earnings ​ 56,346 ​ 49,036 ​ 29,332 NET INCOME ​ $ 53,392 ​ $ 45,687 ​ $ 27,194 ​
Schedule of Condensed Statements of Cash Flows	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, ​ December 31, ​ December 31, (dollars in thousands) 2022 2021 ​ 2020 CASH FLOWS FROM OPERATING ACTIVITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ Net Income ​ $ 53,392 ​ $ 45,687 ​ $ 27,194 Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities: ​ ​ ​ ​ ​ ​ ​ ​ ​ Equity in Undistributed Earnings of Subsidiaries ​ (56,346) ​ (49,036) ​ (29,332) Changes in Other Assets and Liabilities ​ (193) ​ 634 ​ 234 Net Cash Used by Operating Activities ​ (3,147) ​ (2,715) ​ (1,904) CASH FLOWS FROM INVESTING ACTIVITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ Net (Increase) Decrease in Loans ​ — ​ — ​ 742 Investment in Subsidiaries ​ (25,000) ​ (25,000) ​ (25,000) Net Cash Used in Investing Activities ​ (25,000) ​ (25,000) ​ (24,258) CASH FLOWS FROM FINANCING ACTIVITIES ​ ​ ​ ​ ​ ​ ​ ​ ​ Principal Payments on Notes Payable ​ — ​ (11,000) ​ (2,000) Proceeds from Notes Payable ​ ​ 13,750 ​ ​ — ​ ​ — Proceeds from Issuance of Subordinated Debt ​ — ​ 29,309 ​ 48,783 Redemption of Subordinated Debt ​ ​ (13,750) ​ ​ (11,250) ​ ​ — Stock Options Exercised ​ ​ 577 ​ ​ 724 ​ ​ 317 Stock Repurchases ​ ​ (11,513) ​ ​ (2,740) ​ ​ (10,373) Issuance of Preferred Stock ​ ​ — ​ ​ 66,514 ​ ​ — Preferred Stock Dividends Paid ​ ​ (4,054) ​ ​ (1,171) ​ ​ — Net Cash Provided (Used) by Financing Activities ​ (14,990) ​ 70,386 ​ 36,727 NET CHANGE IN CASH AND CASH EQUIVALENTS ​ (43,137) ​ 42,671 ​ 10,565 Cash and Cash Equivalents Beginning ​ 80,551 ​ 37,880 ​ 27,315 Cash and Cash Equivalents Ending ​ $ 37,414 ​ $ 80,551 ​ $ 37,880

Description of the Business a_3

Description of the Business and Summary of Significant Accounting Policies (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)
Description of the Business and Summary of Significant Accounting Policies
Bank-owned certificates of deposit mature	5 years
Average balance required to be maintained by bank | $	$ 0	$ 0
Number of Operating Segments | segment	1
Loans with LIBOR index rate (as a percent)		1.10%
Paycheck Protection Program (PPP), CARES Act
Description of the Business and Summary of Significant Accounting Policies
Interest rate on loans (as a percent)	1%
Paycheck Protection Program (PPP), CARES Act | Minimum
Description of the Business and Summary of Significant Accounting Policies
Term of loan	2 years
Paycheck Protection Program (PPP), CARES Act | Maximum
Description of the Business and Summary of Significant Accounting Policies
Term of loan	5 years

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share
Anti dilutive securities excluded from the calculation of EPS	410,760	222,107	732,433
Net Income Available to Common Shareholders	$ 49,338	$ 44,516	$ 27,194
Weighted Average Common Stock Outstanding:
Weighted Average Common Stock Outstanding (Basic)	27,758,336	28,027,454	28,582,064
Dilutive Effect of Stock Compensation	909,841	940,832	588,156
Weighted Average Common Stock Outstanding (Dilutive)	28,668,177	28,968,286	29,170,220
Basic Earnings per Common Share (in dollars per share)	$ 1.78	$ 1.59	$ 0.95
Diluted Earnings per Common Share (in dollars per share)	$ 1.72	$ 1.54	$ 0.93

Bank-Owned Certificates of De_3

Bank-Owned Certificates of Deposit (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Certificates of Deposit at Cost Maturing in:
One Year or Less	$ 936	$ 935
After One Year Through Five Years	245	941
Certificates of deposit at Cost	$ 1,181	$ 1,876

Securities - Securities Availab

Securities - Securities Available for Sale (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	$ 596,497	$ 430,250
Gross Unrealized Gains	2,839	12,463
Gross Unrealized Losses	(50,723)	(3,351)
Fair Value	548,613	439,362
U.S. Treasury Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	2,621	756
Gross Unrealized Losses	(41)	(2)
Fair Value	2,580	754
Municipal Bonds
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	156,506	151,665
Gross Unrealized Gains	62	7,492
Gross Unrealized Losses	(25,214)	(788)
Fair Value	131,354	158,369
Mortgage-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	252,919	125,563
Gross Unrealized Gains	2,465	1,085
Gross Unrealized Losses	(17,600)	(2,111)
Fair Value	237,784	124,537
Corporate Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	116,871	81,925
Gross Unrealized Gains	45	2,740
Gross Unrealized Losses	(7,089)	(185)
Fair Value	109,827	84,480
SBA Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	20,957	30,474
Gross Unrealized Gains	79	102
Gross Unrealized Losses	(159)	(206)
Fair Value	20,877	30,370
Asset-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized Cost	46,623	39,867
Gross Unrealized Gains	188	1,044
Gross Unrealized Losses	(620)	(59)
Fair Value	$ 46,191	$ 40,852

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) $ in Thousands	12 Months Ended
	Dec. 31, 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	$ 298,369	$ 102,043
Less Than 12 Months, Unrealized Losses	(16,312)	(1,539)
12 Months or Greater, Fair Value	165,296	57,951
12 Months or Greater, Unrealized Losses	(34,411)	(1,812)
Fair Value	463,665	159,994
Unrealized Losses	$ (50,723)	$ (3,351)
Number of debt securities with unrealized losses | security	530	199
Percentage of aggregate depreciation from amortized cost basis	9.90%	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	$ 2,330	$ 754
Less Than 12 Months, Unrealized Losses	(41)	(2)
Fair Value	2,330	754
Unrealized Losses	(41)	(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	59,912	44,332
Less Than 12 Months, Unrealized Losses	(5,321)	(708)
12 Months or Greater, Fair Value	69,424	3,757
12 Months or Greater, Unrealized Losses	(19,893)	(80)
Fair Value	129,336	48,089
Unrealized Losses	(25,214)	(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	123,224	36,921
Less Than 12 Months, Unrealized Losses	(5,427)	(630)
12 Months or Greater, Fair Value	62,882	35,949
12 Months or Greater, Unrealized Losses	(12,173)	(1,481)
Fair Value	186,106	72,870
Unrealized Losses	(17,600)	(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	88,486	9,398
Less Than 12 Months, Unrealized Losses	(5,121)	(133)
12 Months or Greater, Fair Value	17,054	1,948
12 Months or Greater, Unrealized Losses	(1,968)	(52)
Fair Value	105,540	11,346
Unrealized Losses	(7,089)	(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	2,498	3,896
Less Than 12 Months, Unrealized Losses	(6)	(7)
12 Months or Greater, Fair Value	9,750	16,297
12 Months or Greater, Unrealized Losses	(153)	(199)
Fair Value	12,248	20,193
Unrealized Losses	(159)	(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	21,919	6,742
Less Than 12 Months, Unrealized Losses	(396)	(59)
12 Months or Greater, Fair Value	6,186
12 Months or Greater, Unrealized Losses	(224)
Fair Value	28,105	6,742
Unrealized Losses	$ (620)	$ (59)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Contractual maturities, amortized cost
Due in One Year or Less	$ 6,362
Due After One Year Through Five Years	32,673
Due After Five Years Through 10 Years	153,887
Due After 10 Years	83,076
Subtotal	275,998
Totals	596,497	$ 430,250
Contractual maturities, fair value
Due in One Year or Less	6,375
Due After One Year Through Five Years	31,428
Due After Five Years Through 10 Years	139,648
Due After 10 Years	66,310
Subtotal	243,761
Totals	548,613	439,362
Mortgage-Backed Securities
Contractual maturities, amortized cost
Contractual securities	252,919
Totals	252,919	125,563
Contractual maturities, fair value
Contractual securities	237,784
Totals	237,784	124,537
SBA Securities
Contractual maturities, amortized cost
Contractual securities	20,957
Totals	20,957	30,474
Contractual maturities, fair value
Contractual securities	20,877
Totals	20,877	30,370
Asset-Backed Securities
Contractual maturities, amortized cost
Contractual securities	46,623
Totals	46,623	39,867
Contractual maturities, fair value
Contractual securities	46,191
Totals	$ 46,191	$ 40,852

Securities - Available for Sale

Securities - Available for Sale Securities Gross Realized Gain Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Summary of the proceeds from sales of securities available for sale, as well as gross gains and losses
Proceeds From Sales of Securities	$ 64,439	$ 11,877	$ 40,862
Gross Gains on Sales	612	1,200	1,592
Gross Losses on Sales	$ (530)	$ (450)	$ (89)

Loans - Components of loans (De

Loans - Components of loans (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Components of loans
Total Loans, Gross	$ 3,569,446	$ 2,819,472
Allowance for Loan Losses	(47,996)	(40,020)	$ (34,841)	$ (22,526)
Net Deferred Loan Fees	(9,293)	(9,535)
Total Loans, Net	3,512,157	2,769,917
Commercial
Components of loans
Total Loans, Gross	435,344	360,169
Allowance for Loan Losses	(6,500)	(6,256)	(5,703)	(3,058)
Paycheck Protection Program (PPP), CARES Act
Components of loans
Total Loans, Gross	1,049	26,162
Allowance for Loan Losses	(1)	(13)	(70)
Construction and Land Development
Components of loans
Total Loans, Gross	365,796	281,474
Allowance for Loan Losses	(4,756)	(3,757)	(2,491)	(2,202)
Real Estate Mortgage
Components of loans
Total Loans, Gross	2,759,125	2,145,225
1-4 Family Mortgage
Components of loans
Total Loans, Gross	355,474	305,317
Allowance for Loan Losses	(4,325)	(3,757)	(3,972)	(2,839)
Multifamily
Components of loans
Total Loans, Gross	1,306,738	910,243
Allowance for Loan Losses	(17,459)	(12,610)	(9,517)	(5,824)
CRE Owner Occupied
Components of loans
Total Loans, Gross	149,905	111,096
Allowance for Loan Losses	(1,965)	(1,495)	(1,162)	(792)
CRE Non-owner Occupied
Components of loans
Total Loans, Gross	947,008	818,569
Allowance for Loan Losses	(12,576)	(11,335)	(10,991)	(6,972)
Consumer and other
Components of loans
Total Loans, Gross	8,132	6,442
Allowance for Loan Losses	$ (151)	$ (147)	$ (203)	$ (85)

Loans - Allowance for loan loss

Loans - Allowance for loan losses by segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Allowance for Loan Losses:
Beginning Balance	$ 40,020	$ 34,841	$ 22,526
Provision for Loan Losses	7,700	5,150	12,750
Loans Charged-off	(37)	(74)	(517)
Recoveries of Loans	313	103	82
Total Ending Allowance Balance	47,996	40,020	34,841
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment	71	607
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	47,925	39,413
Loans and Leases Receivable, Allowance, Total	47,996	40,020	34,841
Loans, Individually Evaluated for Impairment	28,049	22,641
Loans, Collectively Evaluated for Impairment	3,541,397	2,796,831
Totals	3,569,446	2,819,472
Commercial
Allowance for Loan Losses:
Beginning Balance	6,256	5,703	3,058
Provision for Loan Losses	247	545	2,984
Loans Charged-off	(13)	(28)	(346)
Recoveries of Loans	10	36	7
Total Ending Allowance Balance	6,500	6,256	5,703
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment	71	607
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	6,429	5,649
Loans and Leases Receivable, Allowance, Total	6,500	6,256	5,703
Loans, Individually Evaluated for Impairment	19,675	14,512
Loans, Collectively Evaluated for Impairment	415,669	345,657
Totals	435,344	360,169
Paycheck Protection Program (PPP), CARES Act
Allowance for Loan Losses:
Beginning Balance	13	70
Provision for Loan Losses	(12)	(57)	70
Total Ending Allowance Balance	1	13	70
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	1	13
Loans and Leases Receivable, Allowance, Total	1	13	70
Loans, Collectively Evaluated for Impairment	1,049	26,162
Totals	1,049	26,162
Construction and Land Development
Allowance for Loan Losses:
Beginning Balance	3,757	2,491	2,202
Provision for Loan Losses	999	1,266	289
Total Ending Allowance Balance	4,756	3,757	2,491
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	4,756	3,757
Loans and Leases Receivable, Allowance, Total	4,756	3,757	2,491
Loans, Individually Evaluated for Impairment	106	130
Loans, Collectively Evaluated for Impairment	365,690	281,344
Totals	365,796	281,474
1-4 Family Mortgage
Allowance for Loan Losses:
Beginning Balance	3,757	3,972	2,839
Provision for Loan Losses	280	(236)	1,223
Loans Charged-off		(5)	(144)
Recoveries of Loans	288	26	54
Total Ending Allowance Balance	4,325	3,757	3,972
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	4,325	3,757
Loans and Leases Receivable, Allowance, Total	4,325	3,757	3,972
Loans, Individually Evaluated for Impairment	392	1,390
Loans, Collectively Evaluated for Impairment	355,082	303,927
Totals	355,474	305,317
Multifamily
Allowance for Loan Losses:
Beginning Balance	12,610	9,517	5,824
Provision for Loan Losses	4,849	3,093	3,693
Total Ending Allowance Balance	17,459	12,610	9,517
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	17,459	12,610
Loans and Leases Receivable, Allowance, Total	17,459	12,610	9,517
Loans, Collectively Evaluated for Impairment	1,306,738	910,243
Totals	1,306,738	910,243
CRE Owner Occupied
Allowance for Loan Losses:
Beginning Balance	1,495	1,162	792
Provision for Loan Losses	470	301	360
Recoveries of Loans		32	10
Total Ending Allowance Balance	1,965	1,495	1,162
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	1,965	1,495
Loans and Leases Receivable, Allowance, Total	1,965	1,495	1,162
Loans, Individually Evaluated for Impairment	1,637	2,421
Loans, Collectively Evaluated for Impairment	148,268	108,675
Totals	149,905	111,096
CRE Non-owner Occupied
Allowance for Loan Losses:
Beginning Balance	11,335	10,991	6,972
Provision for Loan Losses	1,241	344	4,019
Total Ending Allowance Balance	12,576	11,335	10,991
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	12,576	11,335
Loans and Leases Receivable, Allowance, Total	12,576	11,335	10,991
Loans, Individually Evaluated for Impairment	6,239	4,188
Loans, Collectively Evaluated for Impairment	940,769	814,381
Totals	947,008	818,569
Consumer and other
Allowance for Loan Losses:
Beginning Balance	147	203	85
Provision for Loan Losses	13	(24)	134
Loans Charged-off	(24)	(41)	(27)
Recoveries of Loans	15	9	11
Total Ending Allowance Balance	151	147	203
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	151	147
Loans and Leases Receivable, Allowance, Total	151	147	203
Loans, Collectively Evaluated for Impairment	8,132	6,442
Totals	8,132	6,442
Unallocated
Allowance for Loan Losses:
Beginning Balance	650	732	754
Provision for Loan Losses	(387)	(82)	(22)
Total Ending Allowance Balance	263	650	732
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	263	650
Loans and Leases Receivable, Allowance, Total	$ 263	$ 650	$ 732

Loans - Impaired loans by loan

Loans - Impaired loans by loan segment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	$ 27,882	$ 12,674
Loans With No Related Allowance for Loan Losses, Principal Balance	28,578	13,326
Loans With An Allowance for Loan Losses, Recorded Investment	167	9,967
Loans With An Allowance for Loan Losses, Principal Balance	167	9,967
Total Recorded Investment	28,049	22,641
Total Principal Balance	28,745	23,293
Related Allowance	71	607
Commercial
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	19,508	4,545
Loans With No Related Allowance for Loan Losses, Principal Balance	19,508	4,545
Loans With An Allowance for Loan Losses, Recorded Investment	167	9,967
Loans With An Allowance for Loan Losses, Principal Balance	167	9,967
Related Allowance	71	607
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	106	130
Loans With No Related Allowance for Loan Losses, Principal Balance	713	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	392	457
Loans With No Related Allowance for Loan Losses, Principal Balance	392	457
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	1,637	2,421
Loans With No Related Allowance for Loan Losses, Principal Balance	1,726	2,466
CRE Non-owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Recorded Investment	6,239	4,188
Loans With No Related Allowance for Loan Losses, Principal Balance	$ 6,239	$ 4,188

Loans - Average balances and in

Loans - Average balances and interest income recognized (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	$ 29,940	$ 13,268	$ 14,983
Loans With No Related Allowance for Loan Losses, Interest Recognized	1,210	660	786
Loans With An Allowance for Loan Losses, Average Investment	180	13,761	135
Loans With An Allowance for Loan Losses, Interest Recognized	5	755	3
Total Average Investment	30,120	27,029	15,118
Total Interest Recognized	1,215	1,415	789
Commercial
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	21,276	5,008	145
Loans With No Related Allowance for Loan Losses, Interest Recognized	782	268	10
Loans With An Allowance for Loan Losses, Average Investment	180	13,761	122
Loans With An Allowance for Loan Losses, Interest Recognized	5	755	2
Construction and Land Development
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	117	141	165
HELOC and 1-4 Family Junior Mortgage
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment		933	824
Loans With No Related Allowance for Loan Losses, Interest Recognized		47	42
1st REM - Rentals
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	402	468	624
Loans With No Related Allowance for Loan Losses, Interest Recognized	21	24	29
CRE Owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	1,755	2,471	891
Loans With No Related Allowance for Loan Losses, Interest Recognized	65	106	15
CRE Non-owner Occupied
Impaired loans by loan segment
Loans With No Related Allowance for Loan Losses, Average Investment	6,390	4,247	12,334
Loans With No Related Allowance for Loan Losses, Interest Recognized	$ 342	$ 215	690
Consumer and other
Impaired loans by loan segment
Loans With An Allowance for Loan Losses, Average Investment			13
Loans With An Allowance for Loan Losses, Interest Recognized			$ 1

Loans - Risk category of loans

Loans - Risk category of loans by loan segment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 3,569,446	$ 2,819,472
Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	3,509,145	2,747,501
Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	32,252	49,330
Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	28,049	22,641
Commercial
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	435,344	360,169
Commercial | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	406,192	336,939
Commercial | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	9,477	8,718
Commercial | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	19,675	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	1,049	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	1,049	26,162
Construction and Land Development
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	365,796	281,474
Construction and Land Development | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	364,978	281,344
Construction and Land Development | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	712
Construction and Land Development | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	106	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	36,875	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	36,875	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	50,945	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	50,271	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	674	689
LOCs and 2nd REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	27,985	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	27,978	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	7	16
1st REM - Rentals
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	239,669	203,703
1st REM - Rentals | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	239,277	203,246
1st REM - Rentals | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	392	457
Multifamily
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,306,738	910,243
Multifamily | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,303,468	910,243
Multifamily | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	3,270
CRE Owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	149,905	111,096
CRE Owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	148,268	108,675
CRE Owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	1,637	2,421
CRE Non-owner Occupied
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	947,008	818,569
CRE Non-owner Occupied | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	922,657	774,474
CRE Non-owner Occupied | Watch
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	18,112	39,907
CRE Non-owner Occupied | Substandard
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	6,239	4,188
Consumer and other
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	8,132	6,442
Consumer and other | Pass
Risk category of loans by loan segment, based on the most recent analysis performed by management
Totals	$ 8,132	$ 6,442

Loans - Recorded investment in

Loans - Recorded investment in past due loans by loan segment (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Aging of the recorded investment in past due loans by loan segment
Nonaccrual	$ 639	$ 722
Totals	3,569,446	2,819,472
Current
Aging of the recorded investment in past due loans by loan segment
Loans	3,568,621	2,818,701
30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Loans	186	49
Commercial
Aging of the recorded investment in past due loans by loan segment
Totals	435,344	360,169
Commercial | Current
Aging of the recorded investment in past due loans by loan segment
Loans	435,274	360,169
Commercial | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Loans	70
Paycheck Protection Program (PPP), CARES Act
Aging of the recorded investment in past due loans by loan segment
Totals	1,049	26,162
Paycheck Protection Program (PPP), CARES Act | Current
Aging of the recorded investment in past due loans by loan segment
Loans	1,049	26,162
Construction and Land Development
Aging of the recorded investment in past due loans by loan segment
Nonaccrual	106	130
Totals	365,796	281,474
Construction and Land Development | Current
Aging of the recorded investment in past due loans by loan segment
Loans	365,690	281,344
HELOC and 1-4 Family Junior Mortgage
Aging of the recorded investment in past due loans by loan segment
Totals	36,875	31,260
HELOC and 1-4 Family Junior Mortgage | Current
Aging of the recorded investment in past due loans by loan segment
Loans	36,875	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	50,945	48,713
1st REM - 1-4 Family | Current
Aging of the recorded investment in past due loans by loan segment
Loans	50,945	48,713
LOCs and 2nd REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Totals	27,985	21,641
LOCs and 2nd REM - Rentals | Current
Aging of the recorded investment in past due loans by loan segment
Loans	27,985	21,641
1st REM - Rentals
Aging of the recorded investment in past due loans by loan segment
Totals	239,669	203,703
1st REM - Rentals | Current
Aging of the recorded investment in past due loans by loan segment
Loans	239,553	203,703
1st REM - Rentals | 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Loans	116
Multifamily
Aging of the recorded investment in past due loans by loan segment
Totals	1,306,738	910,243
Multifamily | Current
Aging of the recorded investment in past due loans by loan segment
Loans	1,306,738	910,243
CRE Owner Occupied
Aging of the recorded investment in past due loans by loan segment
Nonaccrual	533	592
Totals	149,905	111,096
CRE Owner Occupied | Current
Aging of the recorded investment in past due loans by loan segment
Loans	149,372	110,504
CRE Non-owner Occupied
Aging of the recorded investment in past due loans by loan segment
Totals	947,008	818,569
CRE Non-owner Occupied | Current
Aging of the recorded investment in past due loans by loan segment
Loans	947,008	818,569
Consumer and other
Aging of the recorded investment in past due loans by loan segment
Totals	8,132	6,442
Consumer and other | Current
Aging of the recorded investment in past due loans by loan segment
Loans	$ 8,132	$ 6,442

Loans - Summary of loans modifi

Loans - Summary of loans modified in TDRs and those restructurings (Details)	12 Months Ended
	Dec. 31, 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 | $	$ 188,000	$ 1,400,000
New Troubled Debt Restructurings, Number of Loans	0
Troubled Debt Restructurings That Subsequently Defaulted Within 12 Months of The Restructure Date, Number of Loans	0

Loans - COVID loan modification

Loans - COVID loan modifications (Details) - COVID-19 related loan modifications $ in Millions	12 Months Ended
	Dec. 31, 2022 loan	Dec. 31, 2021 USD ($) loan
COVID-19 related loan modifications
Number of Loans | loan	0	12
Amount of loan modifications | $		$ 35

Premises and Equipment (Details

Premises and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Premises and Equipment
Subtotal	$ 55,797	$ 55,674
Accumulated Depreciation	(7,352)	(6,279)
Totals	48,445	49,395
Depreciation expense	2,565	2,369	$ 1,206
Land
Premises and Equipment
Subtotal	5,174	5,174
Building
Premises and Equipment
Subtotal	$ 41,265	40,758
Building | Minimum
Premises and Equipment
Estimated Useful Life	15 years
Building | Maximum
Premises and Equipment
Estimated Useful Life	39 years
Leasehold Improvements
Premises and Equipment
Subtotal	$ 2,380	2,684
Leasehold Improvements | Minimum
Premises and Equipment
Estimated Useful Life	3 years
Leasehold Improvements | Maximum
Premises and Equipment
Estimated Useful Life	10 years
Furniture and Equipment
Premises and Equipment
Subtotal	$ 6,978	$ 7,058
Furniture and Equipment | Minimum
Premises and Equipment
Estimated Useful Life	2 years
Furniture and Equipment | Maximum
Premises and Equipment
Estimated Useful Life	5 years

Intangible Assets - (Details)

Intangible Assets - (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Intangible Assets
Subtotal	$ 1,538	$ 1,538
Accumulated Amortization	(1,250)	(1,059)
Total	288	479
Amortization of Intangible Assets	191	191	$ 191
Core Deposits
Intangible Assets
Subtotal	1,093	1,093
Total	65
Favorable Lease
Intangible Assets
Subtotal	445	$ 445
Total	$ 223

Intangible Assets - Estimated f

Intangible Assets - Estimated future amortization (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Intangible Assets
Total	$ 288	$ 479
Core Deposits
Intangible Assets
2023	65
Total	65
Favorable Lease
Intangible Assets
2023	34
2024	34
2025	34
2026	34
2027	34
Thereafter	53
Total	$ 223

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 item	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Lessee, Lease, Description [Line Items]
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Rent expense prior to adoption of ASU 2016-02 | $		$ 52	$ 1,200
Greenwood Location
Lessee, Lease, Description [Line Items]
Number of options to extend the lease Term | item	1
Lessee, Operating Lease, Existence of Option to Extend [true false]	true
Lease Term	5 years

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Lease Cost
Operating Lease Cost	$ 538
Variable Lease Cost	253
Total Lease Cost	$ 791

Leases - Other Information (Det

Leases - Other Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Other Information on Operating Leases
Operating Lease Right-of-Use Assets	$ 2,472
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets
Operating Lease Liabilities	$ 2,496
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities
Weighted Average Remaining Lease Term (in Years)	6 years 1 month 13 days
Weighted Average Discount Rate	1.46%
Operating cash flows from operating leases	$ 513

Leases - Future Expected Operat

Leases - Future Expected Operating Lease Payments (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Future expected operating lease payments
2023	$ 524
2024	534
2025	544
2026	387
2027	284
Thereafter	324
Total Undiscounted Lease Payments	2,597
Discount for Present Value of Expected Cash Flows	(101)
Total Lease Liability	2,496
Greenwood Location
Future expected operating lease payments
2023	174
2024	178
2025	181
2026	108
Total Undiscounted Lease Payments	$ 641

Leases - Rental Income (Details

Leases - Rental Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Future Minimum Rental Income
2023	$ 507
2024	512
2025	519
2026	301
2027	264
Thereafter	716
Total	2,819
Rental income	$ 907	$ 634	$ 12

Deposits - Composition of depos

Deposits - Composition of deposits (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deposits, by Type [Abstract]
Transaction Deposits	$ 1,336,264	$ 1,419,873
Savings and Money Market Deposits	1,031,873	863,567
Time Deposits	272,253	293,474
Brokered Deposits	776,153	369,323
Total Deposits	3,416,543	2,946,237
Brokered money market accounts	$ 184,300	$ 131,200

Deposits - Maturities (Details)

Deposits - Maturities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Scheduled Maturities of Time Deposits
Less than 1 Year	$ 387,433
1 to 2 Years	109,652
2 to 3 Years	229,732
3 to 4 Years	102,280
4 to 5 Years	25,887
Greater than 5 years	9,144
Totals	864,128
Aggregate time deposits greater	$ 92,300	$ 59,600

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities - Non-hedge Derivatives (Details) - Interest Rate Swap - Derivatives not designated as hedging instruments - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	$ 65,315	$ 49,101
Notional Amount, Liability	65,315	49,101
Notional Amount	130,630	98,202
Estimated Fair Value, Asset	8,240	641
Estimated Fair Value, Liability	$ (8,240)	$ (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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Cash Flow Hedging Derivatives
Amount expected to be reclassified from AOCI into earnings	$ (5,200)
Interest Rate Swap
Cash Flow Hedging Derivatives
Notional Amount	$ 163,000	$ 125,000
Weighted Average Pay Rate	1.90%	1.27%
Weighted Average Receive Rate	3.47%	0.14%
Weighted average maturity	5 years 1 month 24 days	3 years 9 months 3 days
Net Unrealized Gain	$ 9,175	$ 791
Interest Rate Cap
Cash Flow Hedging Derivatives
Notional Amount	125,000	110,000
Unamortized Premium Paid	$ 5,872	$ 5,859
Weighted Average Strike Rate	0.96%	0.90%
Derivative Weighted Average Maturity	7 years 4 months 6 days	8 years 8 months 19 days
Amortization of interest rate cap premiums	$ 772	$ 362

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Cash Flow Hedging Reclassification (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Derivatives, Fair Value [Line Items]
Cash collateral posted	$ 0	$ 370
Collateral received	36,400	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	38,000	35,000
Estimated Fair Value, Asset	10,477	1,717
Estimated Fair Value, Liability	(1,302)	(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	$ 19,406	$ 7,356

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Derivative Instruments in Cash Flow Hedging Relationships (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from AOCI into earnings	$ 90	$ (770)	$ 924
Amounts reclassified from AOCI into earnings related to hedge ineffectiveness	0	0	0
Amount expected to be reclassified from AOCI into earnings related to hedge ineffectiveness	0
Interest Rate Swap | Interest expense | Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from AOCI into earnings	679	(1,117)	$ (579)
Interest Rate Cap | Interest expense | Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Loss Reclassified from AOCI into earnings	$ (671)	$ (403)

Federal Home Loan Bank Advanc_3

Federal Home Loan Bank Advances and Other Borrowings (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Sep. 01, 2022 USD ($)	Aug. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Federal Home Loan Bank Advances and Other Borrowings
Federal Funds Purchased	$ 287,000
Notes Payable	13,750
Loan and Security Agreement | Revolving Line of Credit
Federal Home Loan Bank Advances and Other Borrowings
Bank stock (as a percent)				100%
Total Debt Outstanding	$ 13,750
Interest rate (as a percent)	7.50%
Borrowing capacity		$ 40,000	$ 25,000
Variable spread on debt (as a percent)	3.85%
Federal Home Loan Bank Advances
Federal Home Loan Bank Advances and Other Borrowings
Principal balances	$ 1,200,000			$ 930,900
Remaining available borrowings	390,900			550,800
Convertible advances with the FHLB	0			28,500
Federal Reserve Discount Window
Federal Home Loan Bank Advances and Other Borrowings
Principal balances	225,300			240,400
Remaining available borrowings	$ 157,800			126,000
Federal Funds Purchased
Federal Home Loan Bank Advances and Other Borrowings
Number of business days	1
Federal Funds Purchased	$ 287,000			$ 0

Federal Home Loan Bank Advanc_4

Federal Home Loan Bank Advances and Other Borrowings - Maturity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Weighted Average Rate
Less than 1 Year	4.30%
1 to 2 Years	1.05%
2 to 3 Years	1.22%	1.66%
3 to 4 Years	0.78%	1.22%
4 to 5 Years		0.78%
Total Outstanding
Less than 1 Year	$ 83,000
1 to 2 Years	5,000
2 to 3 Years	5,000	$ 22,500
3 to 4 Years	4,000	16,000
4 to 5 Years		4,000
Advances from Federal Home Loan Banks, Total	$ 97,000	$ 42,500

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($) $ in Thousands		12 Months Ended
	Oct. 17, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subordinated Debentures
Total amortization expense		$ 416	$ 441	$ 223
Subordinated Note Purchase Agreement
Subordinated Debentures
Subordinated Debentures		80,000	93,750
Debt Issuance Costs		(1,095)	(1,511)
Subordinated Debentures, Net of Issuance Costs		$ 78,905	92,239
Subordinated Note Purchase Agreement | 6.62% Fixed-to-Floating Rate Subordinated Notes due 2027
Subordinated Debentures
Subordinated Debentures			13,750
Repayment of debt	$ 13,800
Subordinated Note Purchase Agreement | 6.62% Fixed-to-Floating Rate Subordinated Notes due 2027 | LIBOR
Subordinated Debentures
Variable spread on debt (as a percent)		3.88%
Subordinated Note Purchase Agreement | 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%
Subordinated Note Purchase Agreement | 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 | SOFR
Subordinated Debentures
Variable spread on debt (as a percent)		5.13%
Subordinated Note Purchase Agreement | 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%
Subordinated Note Purchase Agreement | 3.25% Fixed-to-Floating Rate Subordinated Notes due 2031 | SOFR
Subordinated Debentures
Variable spread on debt (as a percent)		2.52%

Related Party Transactions - Lo

Related Party Transactions - Loans and Deposits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Related-Party Transactions
Beginning Balance	$ 49,964	$ 34,130
New Loans and Advances	16,006	45,407
Repayments	(38,294)	(29,573)
Totals	27,676	49,964
Due to Related Parties	$ 22,200	$ 37,700

Income Taxes - Income Tax Provi

Income Taxes - Income Tax Provision (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Taxes
Current Tax Provision	$ 19,719	$ 20,408	$ 11,062
Deferred Tax Benefit	(1,401)	(4,522)	(2,590)
Total Income Tax Provision	$ 18,318	$ 15,886	$ 8,472

Income Taxes - Reconciliation (

Income Taxes - Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Amount
Amount of Statutory Rate	$ 15,059	$ 12,930	$ 7,489
State Income Taxes (Net of Federal Income Tax Benefit)	5,349	4,647	3,014
Interest on Investment Securities and Loans Exempt From Federal Income Tax	(899)	(657)	(702)
Tax Credits	(835)	(540)	(770)
Other Differences	(356)	(494)	(559)
Totals	$ 18,318	$ 15,886	$ 8,472
Percent
Statutory Rate (as a percent)	21%	21%	21%
State Income Taxes (Net of Federal Income Tax Benefit) (as a percent)	7.50%	7.60%	8.50%
Interest on Investment Securities and Loans Exempt From Federal Income Tax (as a percent)	(1.30%)	(1.10%)	(2.00%)
Tax Credits (as a percent)	(1.20%)	(0.90%)	(2.10%)
Other Differences (as a percent)	(0.50%)	(0.80%)	(1.60%)
Total (as a percent)	25.50%	25.80%	23.80%

Income Taxes - Net Deferred Tax

Income Taxes - Net Deferred Tax Asset (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Net deferred tax asset
Depreciation	$ (325)	$ (274)
Allowance for Loan Losses	13,639	11,332
Unrealized Loss (Gain) on Securities Available for Sale	13,759	(1,914)
Unrealized (Gain) Loss on Cash Flow Hedges	(6,527)	(480)
Prepaid Expenses	(886)	(392)
Deferred Compensation	510	871
Deferred Loan Fees	2,745	2,653
Other	2	94
Totals	$ 22,917	$ 11,890

Tax Credit Investments - Invest

Tax Credit Investments - Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investments in qualified affordable housing projects and other tax credit investments
Investment	$ 6,486	$ 4,603
Unfunded Commitment	323	407
Amortization Expense	679	842	$ 1,019
Tax Benefit Recognized	(937)	(955)	(1,386)
Low Income Housing Tax Credit (LIHTC)
Investments in qualified affordable housing projects and other tax credit investments
Investment	4,701	2,871
Amortization Expense	271	280	281
Tax Benefit Recognized	(330)	(330)	(330)
Federal Historic Tax Credit (FHTC)
Investments in qualified affordable housing projects and other tax credit investments
Investment	1,785	1,732
Unfunded Commitment	323	407
Amortization Expense	408	562	738
Tax Benefit Recognized	$ (607)	$ (625)	$ (1,056)

Commitments, Contingencies an_3

Commitments, Contingencies and Credit Risk (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments Outstanding
Unfunded Commitments Under Lines of Credit	$ 848,734	$ 799,148
Letters of Credit	115,769	119,647
Totals	964,503	918,795
Federal Home Loan Bank Advances
Commitments Outstanding
Outstanding letters of credit	$ 78,400	$ 36,500

Stock Options and Restricted _3

Stock Options and Restricted Stock - Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 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
2012 Plan | Minimum
Stock Options and Restricted Stock Awards
Vesting period	4 years
2012 Plan | Maximum
Stock Options and Restricted Stock Awards
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	231,363	352,575

Stock Options and Restricted _4

Stock Options and Restricted Stock - Black-Scholes Assumptions (Details)	12 Months Ended
	Dec. 31, 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	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stock Option Plans
Outstanding at Beginning of Year	1,768,745	1,914,250
Granted	290,000	20,500
Exercised	(133,301)	(164,405)
Forfeitures	(12,000)	(1,600)
Outstanding at Period End	1,913,444	1,768,745	1,914,250
Options Exercisable at Period End	1,492,069	1,332,845
Weighted Average Exercise Price
Outstanding at Beginning of Year	$ 7.67	$ 7.29
Granted	17.50	16.88
Exercised	4.33	4.40
Forfeitures	14.77	7.47
Outstanding at Period End	9.35	7.67	$ 7.29
Options Exercisable at Period End	$ 7.51	$ 6.83
Stock Options
Weighted Average Exercise Price
Compensation expense for stock options	$ 1,100	$ 922	$ 881

Stock Options and Restricted _6

Stock Options and Restricted Stock - Exercise Price (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Exercise Price
Options Outstanding, Number Outstanding | shares	1,913,444
Options Outstanding, Weighted Average Exercise Price	$ 9.35
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 2 months 12 days
Options Exercisable, Number Outstanding | shares	1,492,069
Options Exercisable, Weighted Average Exercise Price	$ 7.51
Total unrecognized compensation cost | $	$ 1.6
Weighted-average period over which total unrecognized compensation cost is expected to be recognized (in years)	2 years 7 months 6 days
2.13 - 3.99
Exercise Price
Exercise Price, lower range	$ 2.13
Exercise Price, upper range	$ 3.99
Options Outstanding, Number Outstanding | shares	307,000
Options Outstanding, Weighted Average Exercise Price	$ 3.04
Options Outstanding, Weighted Average Remaining Contractual Life	1 year 1 month 6 days
Options Exercisable, Number Outstanding | shares	307,000
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	904,916
Options Outstanding, Weighted Average Exercise Price	$ 7.47
Options Outstanding, Weighted Average Remaining Contractual Life	4 years 9 months 18 days
Options Exercisable, Number Outstanding | shares	904,916
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	17,500
Options Outstanding, Weighted Average Exercise Price	$ 8.76
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 3 months 18 days
Options Exercisable, Number Outstanding | shares	5,000
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 4 months 24 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 4 months 24 days
Options Exercisable, Number Outstanding | shares	56,000
Options Exercisable, Weighted Average Exercise Price	$ 11.30
12.00 - 12.99
Exercise Price
Exercise Price, lower range	12
Exercise Price, upper range	$ 12.99
Options Outstanding, Number Outstanding | shares	263,528
Options Outstanding, Weighted Average Exercise Price	$ 12.90
Options Outstanding, Weighted Average Remaining Contractual Life	6 years 7 months 6 days
Options Exercisable, Number Outstanding | shares	191,528
Options Exercisable, Weighted Average Exercise Price	$ 12.91
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 4 months 24 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 1 month 6 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) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Number of Shares
Nonvested Options at beginning of period	435,900
Granted	290,000	20,500
Vested	(292,525)
Forfeited	(12,000)
Nonvested Options at end of period	421,375	435,900
Weighted Average Grant Date Fair Value
Nonvested Options at beginning of period	$ 3.43
Granted	5.28
Vested	3.12
Forfeited	5.12
Nonvested Options at end of period	$ 4.87	$ 3.43

Stock Options and Restricted _8

Stock Options and Restricted Stock - Restricted Stock Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Compensation expense
Weighted-average period for non vested restricted stock awards	2 years 7 months 6 days
Restricted Stock Awards
Number of Shares
Vesting period	4 years
Nonvested Awards at beginning of period	75,113	110,962
Vested	(35,351)	(35,849)
Forfeited	(1,000)
Nonvested Awards at end of period	38,762	75,113	110,962
Weighted Average Grant Date Fair Value
Nonvested Awards at beginning of period	$ 12.59	$ 12.63
Vested	12.69	12.69
Forfeited	12.92
Nonvested Awards at end of period	$ 12.50	$ 12.59	$ 12.63
Compensation expense
Compensation expense recognized	$ 448	$ 455	$ 441
Unrecognized compensation cost	$ 433
Weighted-average period for non vested restricted stock awards	1 year
Shares issued for services on board of directors	19,024
Value of shares issued for services on board of directors	$ 319

Stock Options and Restricted _9

Stock Options and Restricted Stock - Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Compensation expense
Weighted-average period for non vested restricted stock awards	2 years 7 months 6 days
Restricted Stock Units
Number of Shares
Number of shares of common stock on which each RSU is entitled to to receive upon vesting	1
Vesting period	4 years
Nonvested Awards at beginning of period	344,908	205,666
Granted	112,760	191,468
Vested	(96,786)	(51,146)
Forfeited	(9,572)	(1,080)
Nonvested Awards at end of period	351,310	344,908	205,666
Weighted Average Grant Date Fair Value
Nonvested Awards at beginning of period	$ 15.02	$ 12.27
Granted	18.72	17.22
Vested	14.65	12.27
Forfeited	15.12	12.27
Nonvested Awards at end of period	$ 16.30	$ 15.02	$ 12.27
Compensation expense
Compensation expense recognized	$ 1,500	$ 731	$ 43
Unrecognized compensation cost	$ 5,500
Weighted-average period for non vested restricted stock awards	3 years 1 month 6 days

Profit Sharing Plan (Details)

Profit Sharing Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Profit Sharing Plan
Employer match contributions (as a percent)	100%
Employer contribution on employees' gross pay ( as a percent)	4%
Employer match contributions	$ 1,000	$ 804	$ 743
Total employer profit sharing contributions	$ 793	$ 636	$ 533

Deferred Compensation Plan (Det

Deferred Compensation Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2013
Deferred Compensation Plan
Vesting period			75 days
Deferred compensation liability	$ 1,800	$ 3,100
New contributions made	$ 0	$ 0

Preferred Stock (Details)

Preferred Stock (Details) $ / shares in Units, $ in Thousands			12 Months Ended
	Aug. 20, 2021 USD ($) shares	Aug. 17, 2021 $ / shares shares	Dec. 31, 2022 $ / shares	Dec. 31, 2021 USD ($) $ / shares
Class of Stock [Line Items]
Preferred shares, par value (in dollars per share) | $ / shares			$ 0.01	$ 0.01
Net proceeds from issuance of Preferred Stock				$ 66,514
Depositary Shares
Class of Stock [Line Items]
Number of shares issued | shares		2,400,000
Conversion of stock split ratio		0.01
Series A Preferred Stock
Class of Stock [Line Items]
Preferred Stock, dividend rate (as a percent)		5.875%	5.875%
Preferred shares, par value (in dollars per share) | $ / shares		$ 0.01
Over-Allotment | Series A Preferred Stock
Class of Stock [Line Items]
Number of shares issued | shares	360,000
Gross proceeds from offering	$ 69,000
Ownership conversion to Series A Preferred Stock (as a percent)	0.01
Issuance costs	$ 2,500
Net proceeds from issuance of Preferred Stock	$ 66,500

Regulatory Capital - Capital Am

Regulatory Capital - Capital Amounts and Ratios (Details) $ in Thousands	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Total Risk-Based Capital
Total Risk-Based Capital, Actual amount	$ 536,352	$ 499,554
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	326,190	256,966
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conversion Buffer, amount	$ 428,125	$ 337,268
Total Risk-Based Capital, Actual ratio	0.1315	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	$ 409,092	$ 367,161
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	244,643	192,725
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 346,577	$ 273,027
Tier 1 Risk-Based Capital, Actual ratio	0.1003	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	$ 342,578	$ 300,647
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	183,482	144,543
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 285,417	$ 224,845
Common Equity Tier 1 Capital, Actual ratio	0.0840	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	$ 409,092	$ 367,161
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, amount	171,368	135,723
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 171,368	$ 135,723
Tier 1 Leverage Ratio, Actual ratio	0.0955	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	$ 508,760	$ 415,848
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	326,288	257,005
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conversion Buffer, amount	428,253	337,319
Total Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 407,860	$ 321,256
Total Risk-Based Capital, Actual ratio	0.1247	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	$ 460,404	$ 375,688
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	244,716	192,754
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	346,681	273,068
Tier 1 Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 326,288	$ 257,005
Tier 1 Risk-Based Capital, Actual ratio	0.1129	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	$ 460,404	$ 375,688
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	183,537	144,565
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	285,502	224,879
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 265,109	$ 208,816
Common Equity Tier 1 Capital, Actual ratio	0.1129	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	$ 460,404	$ 375,688
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, amount	171,113	135,508
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	171,113	135,508
Tier 1 Leverage Ratio, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 213,891	$ 169,386
Tier 1 Leverage Ratio, Actual ratio	0.1076	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	Dec. 31, 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	$ 548,613	$ 439,362
Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets	586,736	449,076
Total Fair Value of Financial Liabilities	9,542	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	2,580	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	2,580	754
Municipal Bonds
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	131,354	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	131,354	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	237,784	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	237,784	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	109,827	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	109,827	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	20,877	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	20,877	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	46,191	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	46,191	40,852
Interest Rate Cap | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	19,406	7,356
Interest Rate Swap | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	18,717	2,358
Interest Rate Swaps	9,542	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	2,580	754
Level 1 | Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets	2,580	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	2,580	754
Level 2
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	546,033	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	584,156	448,322
Total Fair Value of Financial Liabilities	9,542	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	131,354	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	237,784	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	109,827	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	20,877	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	46,191	40,852
Level 2 | Interest Rate Cap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	19,406	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	19,406	7,356
Level 2 | Interest Rate Swap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	18,717	2,358
Interest Rate Swaps	9,542	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	18,717	2,358
Interest Rate Swaps	$ 9,542	$ 1,567

Fair Value Measurement - Nonrec

Fair Value Measurement - Nonrecurring (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	$ 7,700	$ 5,150	$ 12,750
Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	71	625	50
Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	71	625	50
Level 2 | Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	96	9,360	80
Level 2 | Nonrecurring | Impaired Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	$ 96	$ 9,360	$ 80

Fair Value Measurement - Estima

Fair Value Measurement - Estimated Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Financial Assets:
Bank-Owned Certificates of Deposit	$ 1,181	$ 1,876
Securities Available for Sale, at Fair Value	548,613	439,362
Level 1
Financial Assets:
Cash and Due From Banks	87,043	143,473
Securities Available for Sale, at Fair Value	2,580	754
Level 2
Financial Assets:
Bank-Owned Certificates of Deposit	1,173	1,884
Securities Available for Sale, at Fair Value	546,033	438,608
FHLB Stock, at Cost	19,606	5,242
Loans, Net	3,314,190	2,726,417
Accrued Interest Receivable	13,479	9,186
Financial Liabilities:
Deposits	3,390,416	2,931,215
Federal Funds Purchased	287,000
Notes Payable	13,473
FHLB Advances	96,061	42,515
Subordinated Debentures	70,931	97,700
Accrued Interest Payable	2,831	1,409
Level 2 | Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	19,406	7,356
Level 2 | Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	18,717	2,358
Financial Liabilities:
Interest Rate Swaps	9,542	1,567
Carrying Amount
Financial Assets:
Cash and Due From Banks	87,043	143,473
Bank-Owned Certificates of Deposit	1,181	1,876
Securities Available for Sale, at Fair Value	548,613	439,362
FHLB Stock, at Cost	19,606	5,242
Loans, Net	3,512,157	2,769,917
Accrued Interest Receivable	13,479	9,186
Financial Liabilities:
Deposits	3,416,543	2,946,237
Federal Funds Purchased	287,000
Notes Payable	13,750
FHLB Advances	97,000	42,500
Subordinated Debentures	78,905	92,239
Accrued Interest Payable	2,831	1,409
Carrying Amount | Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	19,406	7,356
Carrying Amount | Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	18,717	2,358
Financial Liabilities:
Interest Rate Swaps	9,542	1,567
Estimated Fair Value
Financial Assets:
Cash and Due From Banks	87,043	143,473
Bank-Owned Certificates of Deposit	1,173	1,884
Securities Available for Sale, at Fair Value	548,613	439,362
FHLB Stock, at Cost	19,606	5,242
Loans, Net	3,314,190	2,726,417
Accrued Interest Receivable	13,479	9,186
Financial Liabilities:
Deposits	3,390,416	2,931,215
Federal Funds Purchased	287,000
Notes Payable	13,473
FHLB Advances	96,061	42,515
Subordinated Debentures	70,931	97,700
Accrued Interest Payable	2,831	1,409
Estimated Fair Value | Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	19,406	7,356
Estimated Fair Value | Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	18,717	2,358
Financial Liabilities:
Interest Rate Swaps	$ 9,542	$ 1,567

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Components of other comprehensive income (loss), Before Tax
Net Unrealized Gain (Loss) on Available for Sale Securities	$ (56,914)	$ (1,689)	$ 6,394
Less: Reclassification Adjustment for Net Gains (Losses) Included in Net Income	(82)	(750)	(1,503)
Total Unrealized Gain (Loss)	(56,996)	(2,439)	4,891
Net Unrealized Loss (gain) on Cash Flow Hedge	20,430	3,991	(3,185)
Less: Reclassification Adjustment for Gains Included in Net Income	(8)	1,520	579
Total Unrealized Loss (Gain)	20,422	5,511	(2,606)
Other Comprehensive Gain (Loss)	(36,574)	3,072	2,285
Components of other comprehensive income (loss), Tax Effect
Net Unrealized Gain (Loss) on Available for Sale Securities	15,649	355	(1,343)
Less: Reclassification Adjustment for Net Losses Included in Net Income, tax effect	23	157	316
Total Unrealized Gain (Loss)	15,672	512	(1,027)
Net Unrealized Gain (Loss) on Cash Flow Hedge	(6,048)	(838)	669
Less: Reclassification Adjustment for Gains Included in Net Income	2	(319)	(122)
Total Unrealized Gain (Loss)	(6,046)	(1,157)	547
Other Comprehensive Gain (Loss)	9,626	(645)	(480)
Components of other comprehensive income (loss), Net of Tax
Net Unrealized Gain (Loss) on Available for Sale Securities	(41,265)	(1,334)	5,051
Less: Reclassification Adjustment for Net Gains (Losses) Included in Net Income	(59)	(593)	(1,187)
Total Unrealized Gain (Loss)	(41,324)	(1,927)	3,864
Net Unrealized Gain (Loss) on Cash Flow Hedge	14,382	3,153	(2,516)
Less: Reclassification Adjustment for Gains Included in Net Income	(6)	1,201	457
Total Unrealized Gain (Loss)	14,376	4,354	(2,059)
Total Other Comprehensive Income (Loss), Net of Tax	$ (26,948)	$ 2,427	$ 1,805

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Comprehensive income (loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning	$ 379,272	$ 265,405	$ 244,794
Total Other Comprehensive Income (Loss), Net of Tax	(26,948)	2,427	1,805
Balance at the end	394,064	379,272	265,405
Available For Sale Securities
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning	7,200	9,127	5,263
Other Comprehensive Income (Loss) Before Reclassifications	(41,265)	(1,334)	5,051
Amounts Reclassified from Accumulated Other Comprehensive Income	(59)	(593)	(1,187)
Total Other Comprehensive Income (Loss), Net of Tax	(41,324)	(1,927)	3,864
Balance at the end	(34,124)	7,200	9,127
Cash Flow Hedge
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning	1,806	(2,548)	(489)
Other Comprehensive Income (Loss) Before Reclassifications	14,382	3,153	(2,516)
Amounts Reclassified from Accumulated Other Comprehensive Income	(6)	1,201	457
Total Other Comprehensive Income (Loss), Net of Tax	14,376	4,354	(2,059)
Balance at the end	16,182	1,806	(2,548)
Accumulated Other Comprehensive Income (loss)
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning	9,006	6,579	4,774
Other Comprehensive Income (Loss) Before Reclassifications	(26,883)	1,819	2,535
Amounts Reclassified from Accumulated Other Comprehensive Income	(65)	608	(730)
Total Other Comprehensive Income (Loss), Net of Tax	(26,948)	2,427	1,805
Balance at the end	$ (17,942)	$ 9,006	$ 6,579

Parent Company Financial Info_3

Parent Company Financial Information - Balance Sheet (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
ASSETS
Cash and Cash Equivalents	$ 87,043	$ 143,473
Premises and Equipment, Net	48,445	49,395
Other Assets	78,739	30,787
Total Assets	4,345,662	3,477,659
LIABILITIES
Notes Payable	13,750
Subordinated Debentures, Net of Issuance Costs	78,905	92,239
Accrued Interest Payable	2,831	1,409
Other Liabilities	55,569	16,002
Total Liabilities	3,951,598	3,098,387
SHAREHOLDERS' EQUITY
Preferred Stock - $0.01 par value	66,514	66,514
Common Stock - $0.01 par value	278	282
Additional Paid-In Capital	96,529	104,123
Retained Earnings	248,685	199,347
Accumulated Other Comprehensive Income (Loss)	(17,942)	9,006
Total Shareholders' Equity	394,064	379,272	$ 265,405	$ 244,794
Total Liabilities and Equity	$ 4,345,662	$ 3,477,659
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	75,000,000	75,000,000
Parent Company | Reportable Legal Entities
ASSETS
Cash and Cash Equivalents	$ 37,414	$ 80,551
Investment in Subsidiaries	447,931	390,196
Premises and Equipment, Net	844	753
Other Assets	3,180	1,556
Total Assets	489,369	473,056
LIABILITIES
Notes Payable	13,750
Subordinated Debentures, Net of Issuance Costs	78,905	92,239
Accrued Interest Payable	452	841
Other Liabilities	2,198	704
Total Liabilities	95,305	93,784
SHAREHOLDERS' EQUITY
Preferred Stock - $0.01 par value	66,514	66,514
Common Stock - $0.01 par value	278	282
Additional Paid-In Capital	96,529	104,123
Retained Earnings	248,685	199,347
Accumulated Other Comprehensive Income (Loss)	(17,942)	9,006
Total Shareholders' Equity	394,064	379,272
Total Liabilities and Equity	$ 489,369	$ 473,056
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	75,000,000	75,000,000

Parent Company Financial Info_4

Parent Company Financial Information - Statements of Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
INCOME
Other Income	$ 1,029	$ 458	$ 614
Total Interest Income	163,695	128,879	114,826
EXPENSE
Total Interest Expense	33,997	19,370	26,862
LOSS BEFORE INCOME TAX BENEFIT AND EQUITY IN UNDISTRIBUTED EARNINGS	71,710	61,573	35,666
Income Tax Benefit	(18,318)	(15,886)	(8,472)
NET INCOME	53,392	45,687	27,194
Parent Company | Reportable Legal Entities
INCOME
Dividend Income	1,585	1,350	1,300
Interest Income			19
Other Income	129	117	179
Total Interest Income	1,714	1,467	1,498
EXPENSE
Interest Expense	4,890	4,691	3,547
Other Expenses	1,570	1,972	1,412
Total Interest Expense	6,460	6,663	4,959
LOSS BEFORE INCOME TAX BENEFIT AND EQUITY IN UNDISTRIBUTED EARNINGS	(4,746)	(5,196)	(3,461)
Income Tax Benefit	1,792	1,847	1,323
LOSS BEFORE EQUITY IN UNDISTRIBUTED EARNINGS	(2,954)	(3,349)	(2,138)
Equity in Undistributed Earnings	56,346	49,036	29,332
NET INCOME	$ 53,392	$ 45,687	$ 27,194

Parent Company Financial Info_5

Parent Company Financial Information - Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	$ 53,392	$ 45,687	$ 27,194
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities:
Net Cash Provided by Operating Activities	84,999	54,236	23,019
CASH FLOWS FROM INVESTING ACTIVITIES
Net (Increase) Decrease in Loans	(749,940)	(492,631)	(411,320)
Net Cash Used in Investing Activities	(938,243)	(571,425)	(530,332)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Issuance of Subordinated Debt		29,309	48,783
Redemption of Subordinated Debt	(13,750)	(11,250)
Stock Options Exercised	577	724	317
Stock Repurchases	(10,778)	(2,301)	(10,334)
Issuance of Preferred Stock, net of Issuance Costs		66,514
Preferred Stock Dividends Paid	(4,054)	(1,171)
Net Cash Provided by Financing Activities	796,814	499,987	636,053
NET CHANGE IN CASH AND CASH EQUIVALENTS	(56,430)	(17,202)	128,740
Cash and Cash Equivalents Beginning	143,473	160,675	31,935
Cash and Cash Equivalents Ending	87,043	143,473	160,675
Parent Company | Reportable Legal Entities
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income	53,392	45,687	27,194
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities:
Equity in Undistributed Earnings of Subsidiaries	(56,346)	(49,036)	(29,332)
Changes in Other Assets and Liabilities	(193)	634	234
Net Cash Provided by Operating Activities	(3,147)	(2,715)	(1,904)
CASH FLOWS FROM INVESTING ACTIVITIES
Net (Increase) Decrease in Loans			742
Investment in Subsidiaries	(25,000)	(25,000)	(25,000)
Net Cash Used in Investing Activities	(25,000)	(25,000)	(24,258)
CASH FLOWS FROM FINANCING ACTIVITIES
Principal Payments on Notes Payable		(11,000)	(2,000)
Proceeds from Notes Payable	13,750
Proceeds from Issuance of Subordinated Debt		29,309	48,783
Redemption of Subordinated Debt	(13,750)	(11,250)
Stock Options Exercised	577	724	317
Stock Repurchases	(11,513)	(2,740)	(10,373)
Issuance of Preferred Stock, net of Issuance Costs		66,514
Preferred Stock Dividends Paid	(4,054)	(1,171)
Net Cash Provided by Financing Activities	(14,990)	70,386	36,727
NET CHANGE IN CASH AND CASH EQUIVALENTS	(43,137)	42,671	10,565
Cash and Cash Equivalents Beginning	80,551	37,880	27,315
Cash and Cash Equivalents Ending	$ 37,414	$ 80,551	$ 37,880

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event	Jan. 24, 2023 $ / shares
Series A Preferred Stock
Subsequent Events
Dividend per share	$ 36.72
Depositary Shares
Subsequent Events
Dividend per share	$ 0.3672