Bridgewater Bancshares (BWB) 10-Q1 Aug 242024 Q2 Quarterly reportFinancial data

Company Profile

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2024	Jul. 30, 2024
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Securities Act File Number	001-38412
Entity Registrant Name	BRIDGEWATER BANCSHARES, INC.
Entity Incorporation, State or Country Code	MN
Entity Tax Identification Number	26-0113412
Entity Address, Address Line One	4450 Excelsior Boulevard, Suite 100
Entity Address, City or Town	St. Louis Park
Entity Address, State or Province	MN
Entity Address, Postal Zip Code	55416
City Area Code	952
Local Phone Number	893-6868
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		27,349,971
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001341317
Amendment Flag	false
Common Stock
Document Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	BWB
Security Exchange Name	NASDAQ
Depositary Shares
Document Information [Line Items]
Title of 12(b) Security	Depositary Shares
Trading Symbol	BWBBP
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS
Cash and Cash Equivalents	$ 134,093	$ 128,562
Securities Available for Sale, at Fair Value	601,057	604,104
Loans, Net of Allowance for Credit Losses of $51,949 at June 30, 2024 (unaudited) and $50,494 at December 31, 2023	3,742,222	3,667,215
Federal Home Loan Bank (FHLB) Stock, at Cost	15,844	17,097
Premises and Equipment, Net	47,902	48,886
Accrued Interest	16,944	16,697
Goodwill	2,626	2,626
Other Intangible Assets, Net	171	188
Bank-Owned Life Insurance	35,090	34,477
Other Assets	91,086	92,138
Total Assets	4,687,035	4,611,990
Deposits:
Noninterest Bearing	705,175	756,964
Interest Bearing	3,102,537	2,952,984
Total Deposits	3,807,712	3,709,948
Notes Payable	13,750	13,750
FHLB Advances	287,000	319,500
Subordinated Debentures, Net of Issuance Costs	79,479	79,288
Accrued Interest Payable	3,999	5,282
Other Liabilities	55,854	58,707
Total Liabilities	4,247,794	4,186,475
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 June 30, 2024 (unaudited) and December 31, 2023	66,514	66,514
Common Stock- $0.01 par value; Authorized 75,000,000 Common Stock - Issued and Outstanding 27,348,049 at June 30, 2024 (unaudited) and 27,748,965 at December 31, 2023	273	277
Additional Paid-In Capital	93,205	96,320
Retained Earnings	294,569	280,650
Accumulated Other Comprehensive Loss	(15,320)	(18,246)
Total Shareholders' Equity	439,241	425,515
Total Liabilities and Equity	$ 4,687,035	$ 4,611,990

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Allowance of loan loss	$ 51,949	$ 50,494
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)	27,348,049	27,748,965
Common stock, shares outstanding (in shares)	27,348,049	27,748,965
Series A Preferred Stock
Preferred stock, shares issued (in shares)	27,600	27,600
Preferred stock, shares outstanding (in shares)	27,600	27,600
Liquidation preference	$ 2,500	$ 2,500

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Consolidated Statements of Income - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
INTEREST INCOME
Loans, Including Fees	$ 51,385	$ 47,721	$ 100,966	$ 92,676
Investment Securities	8,177	6,237	16,093	12,455
Other	1,316	1,043	2,488	1,862
Total Interest Income	60,878	55,001	119,547	106,993
INTEREST EXPENSE
Deposits	31,618	22,998	61,808	39,372
Federal Funds Purchased	853	2,761	1,157	7,705
Notes Payable	296	285	591	548
FHLB Advances	2,125	2,092	4,383	2,953
Subordinated Debentures	990	993	1,981	1,976
Total Interest Expense	35,882	29,129	69,920	52,554
NET INTEREST INCOME	24,996	25,872	49,627	54,439
Provision for Credit Losses	600	50	1,350	675
NET INTEREST INCOME AFTER PROVISION FOR CREDIT LOSSES	24,396	25,822	48,277	53,764
NONINTEREST INCOME
Customer Service Fees	366	368	708	717
Net Gain (Loss) on Sales of Available for Sale Securities	320	50	413	(6)
Letter of Credit Fees	387	379	703	1,013
Debit Card Interchange Fees	155	155	296	293
Bank-Owned Life Insurance	312	238	613	472
FHLB Prepayment Income				299
Other Income	223	225	580	570
Total Noninterest Income	1,763	1,415	3,313	3,358
NONINTEREST EXPENSE
Salaries and Employee Benefits	9,675	8,589	19,108	17,404
Occupancy and Equipment	1,092	1,075	2,149	2,284
FDIC Insurance Assessment	725	900	1,600	1,565
Data Processing	472	401	884	758
Professional and Consulting Fees	852	829	1,741	1,584
Derivative Collateral Fees	528	404	1,014	784
Information Technology and Telecommunications	812	711	1,608	1,394
Marketing and Advertising	317	321	639	583
Intangible Asset Amortization	8	34	17	82
Other Expense	1,058	1,010	1,968	1,905
Total Noninterest Expense	15,539	14,274	30,728	28,343
INCOME BEFORE INCOME TAXES	10,620	12,963	20,862	28,779
Provision for Income Taxes	2,505	3,147	4,916	7,321
NET INCOME	8,115	9,816	15,946	21,458
Preferred Stock Dividends	(1,014)	(1,014)	(2,027)	(2,027)
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	$ 7,101	$ 8,802	$ 13,919	$ 19,431
EARNINGS PER SHARE
Basic (in dollars per share)	$ 0.26	$ 0.32	$ 0.51	$ 0.70
Diluted (in dollars per share)	$ 0.26	$ 0.31	$ 0.50	$ 0.69

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Consolidated Statements of Comprehensive Income
Net Income (Loss)	$ 8,115	$ 9,816	$ 15,946	$ 21,458
Other Comprehensive Income (Loss):
Unrealized Gains (Losses) on Available for Sale Securities	1,168	(9,430)	1,403	(4,187)
Unrealized Gains on Cash Flow Hedges	2,036	6,573	7,748	2,404
Reclassification Adjustment for Gains Realized in Income	(2,649)	(1,370)	(5,045)	(2,381)
Income Tax Impact	(159)	1,215	(1,180)	1,198
Total Other Comprehensive Income (Loss), Net of Tax	396	(3,012)	2,926	(2,966)
Comprehensive Income	$ 8,511	$ 6,804	$ 18,872	$ 18,492

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Preferred Stock Adjusted for Change in Accounting Principle	Preferred Stock	Common Stock Adjusted for Change in Accounting Principle	Common Stock	Additional Paid In Capital Adjusted for Change in Accounting Principle	Additional Paid In Capital	Retained Earnings Cumulative Effect of Change	Retained Earnings Adjusted for Change in Accounting Principle	Retained Earnings	Other Comprehensive Income (Loss) Adjusted for Change in Accounting Principle	Other Comprehensive Income (Loss)	Cumulative Effect of Change	Adjusted for Change in Accounting Principle	Total
Balance at the beginning at Dec. 31, 2022	$ 66,514	$ 66,514	$ 278	$ 278	$ 96,529	$ 96,529	$ (3,920)	$ 244,765	$ 248,685	$ (17,942)	$ (17,942)	$ (3,920)	$ 390,144	$ 394,064
Balance at the beginning (in shares) at Dec. 31, 2022	27,751,950	27,751,950
Stock-based Compensation						1,913								1,913
Stock-based Compensation (in shares)		22,872
Comprehensive Income (Loss)									21,458		(2,966)			18,492
Stock Options Exercised				2		625								627
Stock Options Exercised (in shares)		199,000
Forfeiture of Restricted Stock Awards (in shares)		(250)
Vested Restricted Stock Units (in shares)		2,225
Restricted Shares Withheld for Taxes						(23)								(23)
Restricted Shares Withheld for Taxes (in shares)		(1,802)
Preferred Stock Dividend									(2,027)					(2,027)
Balance at the end at Jun. 30, 2023		$ 66,514		$ 280		99,044			264,196		(20,908)			409,126
Balance at the end (in shares) at Jun. 30, 2023		27,973,995		27,973,995
Balance at the beginning at Mar. 31, 2023		$ 66,514		$ 278		97,716			255,394		(17,896)			402,006
Balance at the beginning (in shares) at Mar. 31, 2023				27,845,244
Stock-based Compensation						972								972
Stock-based Compensation (in shares)				12,264
Comprehensive Income (Loss)									9,816		(3,012)			6,804
Stock Options Exercised				$ 2		364								366
Stock Options Exercised (in shares)				117,000
Forfeiture of Restricted Stock Awards (in shares)				(250)
Vested Restricted Stock Units (in shares)				600
Restricted Shares Withheld for Taxes						(8)								(8)
Restricted Shares Withheld for Taxes (in shares)				(863)
Preferred Stock Dividend									(1,014)					(1,014)
Balance at the end at Jun. 30, 2023		$ 66,514		$ 280		99,044			264,196		(20,908)			409,126
Balance at the end (in shares) at Jun. 30, 2023		27,973,995		27,973,995
Balance at the beginning at Dec. 31, 2023		$ 66,514		$ 277		96,320			280,650		(18,246)			425,515
Balance at the beginning (in shares) at Dec. 31, 2023		27,748,965
Stock-based Compensation						2,071								2,071
Stock-based Compensation (in shares)		21,336
Comprehensive Income (Loss)									15,946		2,926			18,872
Stock Options Exercised						69								$ 69
Stock Options Exercised (in shares)		8,500												8,500
Stock Repurchases				(4)		(5,173)								$ (5,177)
Stock Repurchases (in shares)		(446,509)
Vested Restricted Stock Units (in shares)		22,665
Restricted Shares Withheld for Taxes						(82)								(82)
Restricted Shares Withheld for Taxes (in shares)		(6,908)
Preferred Stock Dividend									(2,027)					(2,027)
Balance at the end at Jun. 30, 2024		$ 66,514		$ 273		93,205			294,569		(15,320)			439,241
Balance at the end (in shares) at Jun. 30, 2024		27,348,049		27,348,049
Balance at the beginning at Mar. 31, 2024		$ 66,514		$ 276		95,069			287,468		(15,716)			433,611
Balance at the beginning (in shares) at Mar. 31, 2024				27,589,827
Stock-based Compensation						1,040								1,040
Stock-based Compensation (in shares)				10,884
Comprehensive Income (Loss)									8,115		396			8,511
Stock Options Exercised						3								3
Stock Options Exercised (in shares)				500
Stock Repurchases				$ (3)		(2,898)								(2,901)
Stock Repurchases (in shares)				(252,707)
Vested Restricted Stock Units (in shares)				300
Restricted Shares Withheld for Taxes						(9)								(9)
Restricted Shares Withheld for Taxes (in shares)				(755)
Preferred Stock Dividend									(1,014)					(1,014)
Balance at the end at Jun. 30, 2024		$ 66,514		$ 273		$ 93,205			$ 294,569		$ (15,320)			$ 439,241
Balance at the end (in shares) at Jun. 30, 2024		27,348,049		27,348,049

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income			$ 15,946	$ 21,458
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:
Net Amortization on Securities Available for Sale			(647)	212
Net (Gain) Loss on Sales of Securities Available for Sale	$ (320)	$ (50)	(413)	6
Provision for Credit Losses on Loans	600	550	1,450	2,050
Credit for Off-Balance Sheet Exposures		(500)	(100)	(1,375)
Depreciation of Premises and Equipment			1,178	1,283
Amortization of Other Intangible Assets	8	34	17	82
Amortization of Right-of Use Asset			117	251
Amortization of Subordinated Debt Issuance Costs			191	191
Stock-based Compensation			2,071	1,913
Changes in Operating Assets and Liabilities:
Accrued Interest Receivable and Other Assets			1,548	(6,547)
Accrued Interest Payable and Other Liabilities			(3,573)	3,192
Net Cash Provided by Operating Activities			17,785	22,716
CASH FLOWS FROM INVESTING ACTIVITIES
Increase in Bank-Owned Certificates of Deposit				(44)
Proceeds from Sales of Securities Available for Sale	38,049	7,017	50,833	26,976
Proceeds from Maturities, Paydowns, Payups and Calls of Securities Available for Sale			22,612	14,118
Purchases of Securities Available for Sale			(68,348)	(35,099)
Net Increase in Loans			(76,457)	(167,076)
Net Decrease (Increase) in FHLB Stock			1,253	(1,951)
Purchases of Premises and Equipment			(194)	(2,548)
Net Cash Used in Investing Activities			(70,301)	(165,624)
CASH FLOWS FROM FINANCING ACTIVITIES
Net Increase in Deposits			97,764	161,389
Net Decrease in Federal Funds Purchased				(92,000)
Proceeds from FHLB Advances			421,000	318,500
Principal Payments on FHLB Advances			(453,500)	(153,500)
Preferred Stock Dividends Paid			(2,027)	(2,027)
Stock Options Exercised			69	627
Stock Repurchases			(5,177)
Shares Repurchased for Tax Withholdings Upon Vesting of Restricted Stock-Based Awards			(82)	(23)
Net Cash Provided by Financing Activities			58,047	232,966
NET CHANGE IN CASH AND CASH EQUIVALENTS			5,531	90,058
Cash and Cash Equivalents Beginning			128,562	87,043	$ 87,043
Cash and Cash Equivalents Ending	$ 134,093	$ 177,101	134,093	177,101	$ 128,562
SUPPLEMENTAL CASH FLOW DISCLOSURE
Cash Paid for Interest			71,012	28,795
Cash Paid for Income Taxes			$ 2,628	$ 5,091

Description of the Business and

Description of the Business and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Description of the Business and Summary of Significant Accounting Policies
Description of the Business and Summary of Significant Accounting Policies	Note 1: Description of the Business and Summary of Significant Accounting Policies Organization Bridgewater Bancshares, Inc. (the “Company”) is a financial holding company whose operations consist of the ownership of its wholly-owned subsidiary, Bridgewater Bank (the “Bank”). 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. Basis of Presentation The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of the consolidated balance sheets, consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of shareholders’ equity and consolidated statements of cash flows in conformity with U.S. generally accepted accounting principles (“GAAP”). However, all normal recurring adjustments which are, in the opinion of management, necessary for the fair presentation of the interim financial statements have been included. The results of operations for the three and six-month periods ended June 30, 2024 are not necessarily indicative of the results which may be expected for the entire year. For further information, refer to the consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 7, 2024. Principles of Consolidation These consolidated financial statements include the amounts of the Company, the Bank, with locations in Bloomington, Greenwood, Minneapolis (2), St. Louis Park, Orono, and St. Paul, Minnesota, BWB Holdings, LLC, and Bridgewater Investment Management, Inc. All significant intercompany balances and transactions have been eliminated in consolidation. Use of Estimates in Preparation of Financial Statements The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Information available which could affect judgements includes, but is not limited to, changes in interest rates, changes in the performance of the economy, including elevated levels of inflation and possible recession, 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 credit losses, calculation of deferred tax assets, fair value of financial instruments, and investment securities impairment. Impact of Recently Issued Accounting Guidance In March 2024, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, No. 2024-02, Codification Improvements: Amendments to Remove References to the Concepts Statements. The ASU amends the Codification to remove references to various concepts and impacts a variety of topics in the Codification. The amendments apply to all reporting entities within the scope of the affected accounting guidance, but in most instances the references removed are extraneous and not required to understand or apply the guidance. Generally, the amendments in ASU 2024-02 are not intended to result in significant accounting changes for most entities. ASU 2024-02 is effective January 1, 2025 and is not expected to have a material impact on the Company’s consolidated financial statements. Subsequent Events Subsequent events have been evaluated through August 1, 2024, which is the date the consolidated financial statements were available to be issued.

Earnings Per Share

Earnings Per Share	6 Months Ended
Earnings Per Share	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Note 2: Earnings Per Share Basic earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per common share are computed by dividing net income available to common shareholders by the weighted average number of common shares, adjusted for the dilutive effect of stock compensation. For the three and six months ended June 30, 2024, stock options and restricted stock units totaling 1,234,583 and 1,151,825 shares, respectively, were excluded from the calculation because they were deemed to be anti-dilutive. For the three and six months ended June 30, 2023, stock options, restricted stock awards and restricted stock units totaling 1,034,634 and 896,321 shares, respectively, 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 three and six months ended June 30, 2024 and 2023: Three Months Ended Six Months Ended June 30, June 30, (dollars in thousands, except per share data) 2024 2023 2024 2023 Net Income Available to Common Shareholders $ 7,101 $ 8,802 $ 13,919 $ 19,431 Weighted Average Common Stock Outstanding: Weighted Average Common Stock Outstanding (Basic) 27,386,713 27,886,425 27,539,057 27,807,100 Dilutive Effect of Stock Compensation 361,471 312,314 382,544 543,605 Weighted Average Common Stock Outstanding (Dilutive) 27,748,184 28,198,739 27,921,601 28,350,705 Basic Earnings per Common Share $ 0.26 $ 0.32 $ 0.51 $ 0.70 Diluted Earnings per Common Share 0.26 0.31 0.50 0.69

Securities

Securities	6 Months Ended
Securities	Jun. 30, 2024
Securities
Securities	Note 3: Securities The following tables present the amortized cost and estimated fair value of securities with gross unrealized gains and losses at June 30, 2024 and December 31, 2023: June 30, 2024 Gross Gross Amortized Unrealized Unrealized (dollars in thousands) Cost Gains Losses Fair Value Securities Available for Sale: Municipal Bonds $ 152,030 $ 36 $ (19,515) $ 132,551 Mortgage-Backed Securities 219,912 922 (16,933) 203,901 Corporate Securities 149,103 486 (9,292) 140,297 SBA Securities 15,708 267 (67) 15,908 Asset-Backed Securities 107,826 659 (85) 108,400 Total Securities Available for Sale $ 644,579 $ 2,370 $ (45,892) $ 601,057 December 31, 2023 Gross Gross Amortized Unrealized Unrealized (dollars in thousands) Cost Gains Losses Fair Value Securities Available for Sale: Municipal Bonds $ 151,512 $ 47 $ (19,035) $ 132,524 Mortgage-Backed Securities 249,455 2,261 (16,401) 235,315 Corporate Securities 142,098 386 (11,879) 130,605 SBA Securities 18,497 279 (102) 18,674 Asset-Backed Securities 87,054 357 (425) 86,986 Total Securities Available for Sale $ 648,616 $ 3,330 $ (47,842) $ 604,104 Securities with a carrying value of $169.1 million and $170.7 million were pledged to secure borrowing capacity at the Federal Reserve Discount Window as of June 30, 2024 and December 31, 2023, respectively. 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 June 30, 2024 and December 31, 2023: Less Than 12 Months 12 Months or Greater Total Number of Unrealized Unrealized Unrealized (dollars in thousands, except number of holdings) Holdings Fair Value Losses Fair Value Losses Fair Value Losses June 30, 2024 Municipal Bonds 214 $ 8,030 $ (50) $ 121,333 $ (19,465) $ 129,363 $ (19,515) Mortgage-Backed Securities 123 28,646 (292) 121,135 (16,641) 149,781 (16,933) Corporate Securities 112 17,224 (236) 105,083 (9,056) 122,307 (9,292) SBA Securities 38 715 (2) 5,835 (65) 6,550 (67) Asset-Backed Securities 12 19,402 (48) 8,397 (37) 27,799 (85) Total Securities Available for Sale 499 $ 74,017 $ (628) $ 361,783 $ (45,264) $ 435,800 $ (45,892) Less Than 12 Months 12 Months or Greater Total Number of Unrealized Unrealized Unrealized (dollars in thousands, except number of holdings) Holdings Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2023 Municipal Bonds 212 $ 4,052 $ (17) $ 120,527 $ (19,018) $ 124,579 $ (19,035) Mortgage-Backed Securities 128 35,719 (310) 135,829 (16,091) 171,548 (16,401) Corporate Securities 110 14,528 (756) 101,311 (11,123) 115,839 (11,879) SBA Securities 47 1,731 (3) 7,072 (99) 8,803 (102) Asset-Backed Securities 24 39,011 (234) 13,805 (191) 52,816 (425) Total Securities Available for Sale 521 $ 95,041 $ (1,320) $ 378,544 $ (46,522) $ 473,585 $ (47,842) At June 30, 2024, 499 debt securities had unrealized losses with aggregate depreciation of approximately 9.5% from the Company’s amortized cost basis. At December 31, 2023, 521 debt securities had unrealized losses with aggregate depreciation of approximately 9.2% from the Company’s amortized cost basis. These unrealized losses have not been recognized into income because management does not intend to sell these securities, and it is not more likely than not it will be required to sell the securities before recovery of its amortized cost basis. Furthermore, the unrealized losses are due to changes in interest rates and other market conditions and were not reflective of credit events. To make this determination, consideration is given to such factors as the credit rating of the issuer, level of credit enhancement, changes in credit ratings, market conditions such as current interest rates, any adverse conditions specific to the security, and delinquency status on contractual payments. As of June 30, 2024 and December 31, 2023, there was no allowance for credit losses carried on the Company’s securities portfolio. Accrued interest receivable on securities, which is recorded within accrued interest on the balance sheet, totaled $5.3 million and $4.9 million at June 30, 2024 and December 31, 2023, respectively, and was excluded from the estimate of credit losses. The following table presents a summary of the amortized cost and estimated fair value of debt securities by the lesser of expected call date or contractual maturity as of June 30, 2024. Call date is used when a call of the debt security is expected, as determined by the Company when the security has a market value above its amortized cost. Contractual maturities will differ from expected maturities for mortgage-backed, SBA securities and asset-backed securities because borrowers may have the right to call or prepay obligations without penalties. (dollars in thousands) Amortized Cost Fair Value June 30, 2024 Due in One Year or Less $ 22,870 $ 22,879 Due After One Year Through Five Years 54,344 52,845 Due After Five Years Through 10 Years 192,318 172,198 Due After 10 Years 31,601 24,926 Subtotal 301,133 272,848 Mortgage-Backed Securities 219,912 203,901 SBA Securities 15,708 15,908 Asset-Backed Securities 107,826 108,400 Totals $ 644,579 $ 601,057 The following table presents a summary of the proceeds from sales of securities available for sale, as well as gross gains and losses, for the three and six months ended June 30, 2024 and June 30, 2023: Three Months Ended Six Months Ended June 30, June 30, (dollars in thousands) 2024 2023 2024 2023 Proceeds From Sales of Securities $ 38,049 $ 7,017 $ 50,833 $ 26,976 Gross Gains on Sales 320 50 1,106 247 Gross Losses on Sales — — (693) (253)

Loans and Allowance for Credit

Loans and Allowance for Credit Losses	6 Months Ended
Loans and Allowance for Credit Losses	Jun. 30, 2024
Loans and Allowance for Credit Losses
Loans and Allowance for Credit Losses	Note 4: Loans and Allowance for Credit Losses The following table presents the components of the loan portfolio at June 30, 2024 and December 31, 2023: June 30, December 31, (dollars in thousands) 2024 2023 Commercial $ 518,762 $ 464,061 Construction and Land Development 134,096 232,804 1-4 Family Construction 60,551 65,087 Real Estate Mortgage: 1-4 Family Mortgage 416,944 402,396 Multifamily 1,404,835 1,388,541 CRE Owner Occupied 185,988 175,783 CRE Nonowner Occupied 1,070,050 987,306 Total Real Estate Mortgage Loans 3,077,817 2,954,026 Consumer and Other 9,159 8,304 Total Loans, Gross 3,800,385 3,724,282 Allowance for Credit Losses (51,949) (50,494) Net Deferred Loan Fees (6,214) (6,573) Total Loans, Net $ 3,742,222 $ 3,667,215 The following tables present the aging in past due loans and loans on nonaccrual status, with and without an allowance for credit losses, or ACL, by loan segment as of June 30, 2024 and December 31, 2023: Accruing Interest 30-89 Days 90 Days or Nonaccrual Nonaccrual (dollars in thousands) Current Past Due More Past Due with ACL without ACL Total June 30, 2024 Commercial $ 518,085 $ 502 $ — $ 80 $ 95 $ 518,762 Construction and Land Development 134,028 — — — 68 134,096 1-4 Family Construction 60,551 — — — — 60,551 Real Estate Mortgage: 1-4 Family Mortgage 416,944 — — — — 416,944 Multifamily 1,404,835 — — — — 1,404,835 CRE Owner Occupied 185,988 — — — — 185,988 CRE Nonowner Occupied 1,069,615 — — — 435 1,070,050 Consumer and Other 9,159 — — — — 9,159 Totals $ 3,799,205 $ 502 $ — $ 80 $ 598 $ 3,800,385 Accruing Interest 30-89 Days 90 Days or Nonaccrual Nonaccrual (dollars in thousands) Current Past Due More Past Due with ACL without ACL Total December 31, 2023 Commercial $ 463,966 $ — $ — $ — $ 95 $ 464,061 Construction and Land Development 232,724 — — — 80 232,804 1-4 Family Construction 64,838 — — — 249 65,087 Real Estate Mortgage: 1-4 Family Mortgage 402,396 — — — — 402,396 Multifamily 1,373,431 15,110 — — — 1,388,541 CRE Owner Occupied 175,289 — — — 494 175,783 CRE Nonowner Occupied 987,306 — — — — 987,306 Consumer and Other 8,303 — — — 1 8,304 Totals $ 3,708,253 $ 15,110 $ — $ — $ 919 $ 3,724,282 The Company aggregates loans into credit quality indicators based on relevant information about the ability of borrowers to service their debt by using internal reviews in which 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. The Company analyzes all loans individually to assign a risk rating, grouped into five major categories defined as follows: Pass: Watch: Substandard: Doubtful: Loss : The following tables present loan balances classified by credit quality indicators by year of origination as of June 30, 2024 and December 31, 2023: June 30, 2024 (dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total Commercial Pass $ 71,471 $ 72,979 $ 99,891 $ 30,248 $ 16,417 $ 21,113 $ 191,250 $ 503,369 Watch — — — — — — 495 495 Substandard — 44 11,043 — — — 3,811 14,898 Total Commercial 71,471 73,023 110,934 30,248 16,417 21,113 195,556 518,762 Current Period Gross Write-offs — — — — — — — — Construction and Land Development Pass 35,645 60,671 29,629 1,033 35 — 7,015 134,028 Substandard — — 68 — — — — 68 Total Construction and Land Development 35,645 60,671 29,697 1,033 35 — 7,015 134,096 Current Period Gross Write-offs — — — — — — — — 1-4 Family Construction Pass 12,143 22,251 16,841 996 — — 8,320 60,551 Total 1-4 Family Construction 12,143 22,251 16,841 996 — — 8,320 60,551 Current Period Gross Write-offs — — — — — — — — Real Estate Mortgage: 1-4 Family Mortgage Pass 50,291 58,791 99,314 77,375 51,170 17,610 61,741 416,292 Substandard — — — — — 652 — 652 Total 1-4 Family Mortgage 50,291 58,791 99,314 77,375 51,170 18,262 61,741 416,944 Current Period Gross Write-offs — — — — — — — — Multifamily Pass 151,144 126,929 472,435 378,688 185,414 71,391 5,882 1,391,883 Watch — 12,952 — — — — — 12,952 Total Multifamily 151,144 139,881 472,435 378,688 185,414 71,391 5,882 1,404,835 Current Period Gross Write-offs — — — — — — — — CRE Owner Occupied Pass 18,723 30,610 63,173 37,304 20,013 11,124 2,325 183,272 Watch — — — 1,730 — — — 1,730 Substandard — 986 — — — — — 986 Total CRE Owner Occupied 18,723 31,596 63,173 39,034 20,013 11,124 2,325 185,988 Current Period Gross Write-offs — — — — — — — CRE Nonowner Occupied Pass 119,222 155,900 319,534 224,335 74,271 140,127 4,098 1,037,487 Watch 8,828 3,698 — 2,733 — — — 15,259 Substandard 9,380 5,558 1,932 434 — — — 17,304 Total CRE Nonowner Occupied 137,430 165,156 321,466 227,502 74,271 140,127 4,098 1,070,050 Current Period Gross Write-offs — — — — — — — — Total Real Estate Mortgage Loans 357,588 395,424 956,388 722,599 330,868 240,904 74,046 3,077,817 Consumer and Other Pass 481 2,724 185 4 1,332 — 4,433 9,159 Total Consumer and Other 481 2,724 185 4 1,332 — 4,433 9,159 Current Period Gross Write-offs 11 — — — — — 1 12 Total Period Gross Write-offs 11 — — — — — 1 12 Total Loans $ 477,328 $ 554,093 $ 1,114,045 $ 754,880 $ 348,652 $ 262,017 $ 289,370 $ 3,800,385 December 31, 2023 (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total Commercial Pass $ 93,299 $ 121,274 $ 37,056 $ 19,297 $ 18,594 $ 4,507 $ 149,836 $ 443,863 Watch 1,700 318 34 — — — 2,003 4,055 Substandard 3 11,299 — — — 50 4,791 16,143 Total Commercial 95,002 132,891 37,090 19,297 18,594 4,557 156,630 464,061 Current Period Gross Write-offs 72 96 12 — — — — 180 Construction and Land Development Pass 87,402 99,133 34,122 46 — — 12,021 232,724 Substandard — 80 — — — — — 80 Total Construction and Land Development 87,402 99,213 34,122 46 — — 12,021 232,804 Current Period Gross Write-offs — — — — — — — — 1-4 Family Construction Pass 35,172 16,156 941 355 — — 12,214 64,838 Substandard 249 — — — — — — 249 Total 1-4 Family Construction 35,421 16,156 941 355 — — 12,214 65,087 Current Period Gross Write-offs — — — — — — — — Real Estate Mortgage: 1-4 Family Mortgage Pass 74,602 106,085 83,525 52,813 18,789 3,403 62,490 401,707 Substandard — — — — — 659 30 689 Total 1-4 Family Mortgage 74,602 106,085 83,525 52,813 18,789 4,062 62,520 402,396 Current Period Gross Write-offs — — — — — — — — Multifamily Pass 192,078 456,179 444,162 196,784 41,998 45,847 8,577 1,385,625 Watch 2,916 — — — — — — 2,916 Total Multifamily 194,994 456,179 444,162 196,784 41,998 45,847 8,577 1,388,541 Current Period Gross Write-offs — — — — — — — — CRE Owner Occupied Pass 36,255 61,724 40,748 20,610 4,903 8,312 1,672 174,224 Substandard 194 — 494 — — 871 — 1,559 Total CRE Owner Occupied 36,449 61,724 41,242 20,610 4,903 9,183 1,672 175,783 Current Period Gross Write-offs — — — — — — — — CRE Nonowner Occupied Pass 164,226 305,749 253,683 77,618 78,288 66,569 4,521 950,654 Watch 16,301 — 3,213 — — — — 19,514 Substandard 15,183 1,955 — — — — — 17,138 Total CRE Nonowner Occupied 195,710 307,704 256,896 77,618 78,288 66,569 4,521 987,306 Current Period Gross Write-offs — — — — — — — — Total Real Estate Mortgage Loans 501,755 931,692 825,825 347,825 143,978 125,661 77,290 2,954,026 Consumer and Other Pass 2,908 256 9 1,460 6 — 3,665 8,304 Total Consumer and Other 2,908 256 9 1,460 6 — 3,665 8,304 Current Period Gross Write-offs 42 — — — — — 2 44 Total Period Gross Write-offs 114 96 12 — — — 2 224 Total Loans $ 722,488 $ 1,180,208 $ 897,987 $ 368,983 $ 162,578 $ 130,218 $ 261,820 $ 3,724,282 The following tables present the activity in the ACL, by segment, for the three and six months ended June 30, 2024 and 2023: Construction CRE CRE and Land 1-4 Family 1--4 Family Owner Non-owner Consumer (dollars in thousands) Commercial Development Construction Mortgage Multifamil y Occupied Occupied and Other Total Three Months Ended June 30, 2024 Allowance for Credit Losses for Loans: Beginning Balance $ 5,607 $ 1,828 $ 577 $ 2,754 $ 22,230 $ 1,235 $ 17,005 $ 111 $ 51,347 Provision for Credit Losses for Loans 409 (608) (55) 18 250 23 576 (13) 600 Loans Charged-off — — — — — — — (10) (10) Recoveries of Loans 2 — — 2 — — — 8 12 Total Ending Allowance Balance $ 6,018 $ 1,220 $ 522 $ 2,774 $ 22,480 $ 1,258 $ 17,581 $ 96 $ 51,949 Six Months Ended June 30, 2024 Allowance for Credit Losses for Loans: Beginning Balance $ 5,398 $ 2,156 $ 558 $ 2,651 $ 22,217 $ 1,184 $ 16,225 $ 105 $ 50,494 Provision for Credit Losses for Loans 615 (936) (36) 120 263 74 1,356 (6) 1,450 Loans Charged-off — — — — — — — (12) (12) Recoveries of Loans 5 — — 3 — — 9 17 Total Ending Allowance Balance $ 6,018 $ 1,220 $ 522 $ 2,774 $ 22,480 $ 1,258 $ 17,581 $ 96 $ 51,949 Construction CRE CRE and Land 1-4 Family 1--4 Family Owner Non-owner Consumer (dollars in thousands) Commercial Development Construction Mortgage Multifamily Occupied Occupied and Other Unallocated Total Three Months Ended June 30, 2023 Allowance for Credit Losses for Loans: Beginning Balance $ 5,566 $ 3,169 806 $ 2,717 $ 20,989 $ 1,083 $ 15,744 $ 74 $ — $ 50,148 Provision for Credit Losses for Loans (129) 307 (152) 118 175 3 232 (4) — 550 Loans Charged-off — — — — — — — (3) — (3) Recoveries of Loans 2 — — 1 — — — 3 — 6 Total Ending Allowance Balance $ 5,439 $ 3,476 $ 654 $ 2,836 $ 21,164 $ 1,086 $ 15,976 $ 70 $ — $ 50,701 Six Months Ended June 30, 2023 Allowance for Credit Losses for Loans: Beginning Balance, Prior to Adoption of CECL $ 6,501 $ 3,911 845 $ 4,325 $ 17,459 $ 1,965 $ 12,576 $ 151 $ 263 $ 47,996 Impact of Adopting CECL (1,158) (1,070) (235) (1,778) 3,318 (943) 2,869 (90) (263) 650 Balance as of January 1, 2023, as Adjusted for Adoption of CECL 5,343 2,841 610 2,547 20,777 1,022 15,445 61 — 48,646 Provision for Credit Losses for Loans 91 635 44 287 387 64 531 11 — 2,050 Loans Charged-off — — — — — — — (7) — (7) Recoveries of Loans 5 — — 2 — — — 5 — 12 Total Ending Allowance Balance $ 5,439 $ 3,476 $ 654 $ 2,836 $ 21,164 $ 1,086 $ 15,976 $ 70 $ — $ 50,701 The following tables present the balance in the ACL and the recorded investment in loans, by segment, as of June 30, 2024 and December 31, 2023: Construction CRE CRE and Land 1-4 Family 1--4 Family Owner Non-owner Consumer (dollars in thousands) Commercial Development Construction Mortgage Multifamil y Occupied Occupied and Other Total ACL at June 30, 2024 Individually Evaluated for Impairment $ 34 $ — $ — $ — $ — $ — $ 211 $ — $ 245 Collectively Evaluated for Impairment 5,984 1,220 522 2,774 22,480 1,258 17,370 96 51,704 Totals $ 6,018 $ 1,220 $ 522 $ 2,774 $ 22,480 $ 1,258 $ 17,581 $ 96 $ 51,949 Construction CRE CRE and Land 1-4 Family 1--4 Family Owner Non-owner Consumer (dollars in thousands) Commercial Development Construction Mortgage Multifamil y Occupied Occupied and Other Total ACL at December 31, 2023 Individually Evaluated for Impairment $ 8 $ — $ — $ — $ — $ — $ 95 $ — $ 103 Collectively Evaluated for Impairment 5,390 2,156 558 2,651 22,217 1,184 16,130 105 50,391 Totals $ 5,398 $ 2,156 $ 558 $ 2,651 $ 22,217 $ 1,184 $ 16,225 $ 105 $ 50,494 Construction CRE CRE and Land 1-4 Family 1--4 Family Owner Non-owner Consumer (dollars in thousands) Commercial Development Construction Mortgage Multifamily Occupied Occupied and Other Total Loans at June 30, 2024 Individually Evaluated for Impairment $ 14,898 $ 68 $ — $ 652 $ — $ 986 $ 17,304 $ — $ 33,908 Collectively Evaluated for Impairment 503,864 134,028 60,551 416,292 1,404,835 185,002 1,052,746 9,159 3,766,477 Totals $ 518,762 $ 134,096 $ 60,551 $ 416,944 $ 1,404,835 $ 185,988 $ 1,070,050 $ 9,159 $ 3,800,385 Loans at December 31, 2023 Individually Evaluated for Impairment $ 16,143 $ 80 $ 249 $ 689 $ — $ 1,559 $ 17,138 $ — $ 35,858 Collectively Evaluated for Impairment 447,918 232,724 64,838 401,707 1,388,541 174,224 970,168 8,304 3,688,424 Totals $ 464,061 $ 232,804 $ 65,087 $ 402,396 $ 1,388,541 $ 175,783 $ 987,306 $ 8,304 $ 3,724,282 The following tables present the amortized cost basis of collateral dependent loans by the primary collateral type, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of June 30, 2024 and December 31, 2023: Primary Type of Collateral Business ACL (dollars in thousands) Real Estate Assets Other Total Allocation June 30, 2024 Commercial $ — $ 4,540 $ 10,358 $ 14,898 $ 34 Construction and Land Development 68 — — 68 — Real Estate Mortgage: 1-4 Family Mortgage 652 — — 652 — CRE Owner Occupied 986 — — 986 — CRE Nonowner Occupied 17,304 — — 17,304 211 Totals $ 19,010 $ 4,540 $ 10,358 $ 33,908 $ 245 Primary Type of Collateral Business ACL (dollars in thousands) Real Estate Assets Other Total Allocation December 31, 2023 Commercial $ — $ 5,782 $ 10,361 $ 16,143 $ 8 Construction and Land Development 80 — — 80 — 1-4 Family Construction 249 — — 249 — Real Estate Mortgage: 1-4 Family Mortgage 689 — — 689 — CRE Owner Occupied 1,559 — — 1,559 — CRE Nonowner Occupied 17,138 — — 17,138 95 Totals $ 19,715 $ 5,782 $ 10,361 $ 35,858 $ 103 Accrued interest receivable on loans, which is recorded within accrued interest on the balance sheet, totaled $11.6 million and $11.8 million at June 30, 2024 and December 31, 2023, respectively, and was excluded from the estimate of credit losses. For both the three months ended June 30, 2024 and June 30, 2023, there were no loans modified to borrowers experiencing financial difficulty. For the six months ended June 30, 2024, there were no loans modified to borrowers experiencing financial difficulty. For the six months ended June 30, 2023, the Company modified one commercial real estate, or CRE, nonowner occupied loan, with an outstanding balance of $9.8 million, for a borrower experiencing financial difficulty by granting a 12-month extension at a below market rate. There was no forgiveness of principal and this loan was current with its modified terms as of June 30, 2024.

Deposits

Deposits	6 Months Ended
Deposits	Jun. 30, 2024
Deposits [Abstract]
Deposits	Note 5: Deposits The following table presents the composition of deposits at June 30, 2024 and December 31, 2023: June 30, December 31, (dollars in thousands) 2024 2023 Transaction Deposits $ 1,457,743 $ 1,449,765 Savings and Money Market Deposits 943,994 935,091 Time Deposits 373,713 300,651 Brokered Deposits 1,032,262 1,024,441 Totals $ 3,807,712 $ 3,709,948 Brokered deposits included brokered transaction and money market accounts of $140.2 million and $174.0 million as of June 30, 2024 and December 31, 2023, respectively. The following table presents the scheduled maturities of brokered and customer time deposits at June 30, 2024: June 30, (dollars in thousands) 2024 Less than 1 Year $ 421,417 1 to 2 Years 441,536 2 to 3 Years 161,306 3 to 4 Years 132,381 4 to 5 Years 64,466 Greater than 5 Years 44,706 Totals $ 1,265,812 The aggregate amount of time deposits greater than $250,000 was approximately $190.7 million and $138.4 million at June 30, 2024 and December 31, 2023, respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	6 Months Ended
Derivative Instruments and Hedging Activities	Jun. 30, 2024
Derivative Instruments and Hedging Activities
Derivative Instruments and Hedging Activities	Note 6: Derivative Instruments and Hedging Activities The Company uses derivative financial instruments, which consist of interest rate swaps and interest rate caps, to assist in its interest rate risk management. The notional amount does not represent amounts exchanged by the parties. The amount exchanged is determined by reference to the notional amount and the other terms of the individual agreements. Derivative financial instruments are reported at fair value in other assets or other liabilities. The accounting for changes in the fair value of a derivative depends on whether it has been designated and qualifies as part of a hedging relationship. For derivatives not designated as hedges, the gain or loss is recognized in current earnings. Non-hedge Derivatives The Company enters into interest rate swaps to facilitate client transactions and meet their financing needs. Upon entering into these instruments to meet client needs, the Company enters into offsetting positions with large U.S. financial institutions in order to minimize the risk to the Company. These swaps are derivatives, but are not designated as hedging instruments. Interest rate swap contracts involve the risk of dealing with counterparties and their ability to meet contractual terms. When the fair value of a derivative instrument contract is positive, this generally indicates that the counterparty or client owes the Company, and results in credit risk to the Company. When the fair value of a derivative instrument contract is negative, the Company owes the client or counterparty and therefore, the Company has no credit risk. The following table presents a summary of the Company’s interest rate swaps to facilitate customer transactions as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Notional Estimated Notional Estimated (dollars in thousands) Amount Fair Value Amount Fair Value Interest rate swap agreements: Assets $ 62,950 $ 8,049 $ 63,814 $ 6,981 Liabilities 62,950 (8,049) 63,814 (6,981) Total $ 125,900 $ — $ 127,628 $ — Cash Flow Hedging Derivatives For derivative instruments that are designated and qualify as a cash flow hedge, the aggregate fair value of the derivative instrument is recorded in other assets or other liabilities with any gain or loss related to changes in fair value recorded in accumulated other comprehensive income, net of tax. The gain or loss is reclassified into earnings in the same period during which the hedged asset or liability affects earnings and is presented in the same income statement line item as the earnings effect of the hedged asset or liability. The Company utilizes cash flow hedges to manage interest rate exposure for the brokered deposit and wholesale borrowing portfolios. During the next 12 months, the Company estimates that $8.0 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 June 30, 2024 and December 31, 2023: (dollars in thousands) June 30, 2024 December 31, 2023 Notional Amount $ 153,000 $ 183,000 Weighted Average Pay Rate 1.94 % 2.00 % Weighted Average Receive Rate 5.46 % 5.48 % Weighted Average Maturity (Years) 4.27 4.04 Net Unrealized Gain $ 6,229 $ 5,271 The Company purchases interest rate caps, designated as cash flow hedges, of certain deposit liabilities. The interest rate caps require receipt of variable amounts from the counterparties when interest rates rise above the strike price in the contracts. For the three and six months ended June 30, 2024, the Company recognized amortization expense on the interest rate caps of $200,000 and $395,000, respectively, which was recorded as a component of interest expense on brokered deposits and Federal Home Loan Bank, or FHLB, advances. For the three and six months ended June 30, 2023, the Company recognized amortization expense on the interest rate caps of $198,000 and $395,000, respectively, which was recorded as a much component of interest expense on brokered deposits FHLB advances. The following table presents a summary of the Company’s interest rate caps designated as cash flow hedges as of June 30, 2024 and December 31, 2023: (dollars in thousands) June 30, 2024 December 31, 2023 Notional Amount $ 125,000 $ 125,000 Unamortized Premium Paid 4,686 5,081 Weighted Average Strike Rate 0.96 % 0.96 % Weighted Average Maturity (Years) 5.85 6.34 The following table presents a summary of the Company’s interest rate contracts as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Notional Estimated Notional Estimated (dollars in thousands) Amount Fair Value Amount Fair Value Interest rate swap agreements: Assets $ 135,500 $ 6,317 $ 135,000 $ 6,891 Liabilities 17,500 (88) 48,000 (1,620) Interest rate cap agreements: Assets 125,000 20,479 125,000 18,717 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 June 30, 2024 and December 31, 2023, the Company pledged no cash collateral for the Company’s derivative contracts. As of June 30, 2024 and December 31, 2023, the Company’s counterparties pledged cash collateral to the Company of $35.8 million and $31.8 million, respectively. The following table summarizes gross and net information about derivative instruments that are eligible for offset in the balance sheet at June 30, 2024 and December 31, 2023: Gross Amounts Not Offset in the Balance Sheet Net Amounts of Gross Amounts Gross Amounts Assets (Liabilities) of Recognized Offset in the Presented in the Financial Cash Collateral Net Assets (dollars in thousands) Assets (Liabilities) Balance Sheet Balance Sheet Instruments Received (Paid) (Liabilities) June 30, 2024 Assets $ 34,845 $ — $ 34,845 $ — $ 35,843 $ (998) Liabilities (8,137) — (8,137) — — (8,137) December 31, 2023 Assets $ 32,589 $ — $ 32,589 $ — $ 31,783 $ 806 Liabilities (8,601) — (8,601) — — (8,601) The following table presents the effect of derivative instruments in cash flow hedging relationships on the consolidated statements of income for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Derivatives in Location of Gain (Loss) Gain (Loss) Gain (Loss) Cash Flow Hedging Reclassified Reclassified from Reclassified from Relationships from AOCI into Income AOCI into Earnings AOCI into Earnings Interest rate swaps Interest expense $ 1,475 $ 1,418 $ 3,071 $ 2,594 Interest rate caps Interest expense 854 (97) 1,561 (207) No amounts were reclassified from accumulated other comprehensive income into net income related to hedge ineffectiveness for these derivatives during the three and six months ended June 30, 2024 and 2023, 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	6 Months Ended
Federal Home Loan Bank Advances and Other Borrowings	Jun. 30, 2024
Federal Home Loan Bank Advances and Other Borrowings
Federal Home Loan Bank Advances and Other Borrowings	Note 7: Federal Home Loan Bank Advances and Other Borrowings Federal Home Loan Bank Advances. The Company has entered into an Advances, Pledge, and Security Agreement with the FHLB whereby specific mortgage loans of the Bank with aggregate principal balances of billion at June 30, 2024 and December 31, 2023 were pledged to the FHLB as collateral. FHLB advances are also secured with FHLB stock owned by the Company. Total remaining available capacity under the agreement was $451.2 million and $498.7 million at June 30, 2024 and December 31, 2023, respectively. The following table presents information regarding FHLB advances, by maturity, at June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Weighted Weighted Average Total Average Total (dollars in thousands) Rate Outstanding Rate Outstanding Less than 1 Year 5.26 % $ 215,500 5.31 % $ 233,000 1 to 2 Years 4.06 17,500 4.31 25,000 2 to 3 Years 3.71 31,500 3.45 21,500 3 to 4 Years 4.01 22,500 3.94 17,500 4 to 5 Years — — 4.01 22,500 Totals $ 287,000 $ 319,500 Line of Credit. The following table presents information regarding the revolving line of credit at June 30, 2024 and December 31, 2023: Total Debt Total Debt Outstanding Outstanding Interest Name Maturity Date June 30, 2024 December 31, 2023 Rate Coupon Structure (dollars in thousands) Revolving Credit Facility September 1, 2024 $ 13,750 13,750 8.50 % Variable with Floor (1) (1) The variable interest rate is equal to the greater of Wall Street Journal Prime Rate in effect or a floor of 3.85% .

Subordinated Debentures

Subordinated Debentures	6 Months Ended
Subordinated Debentures	Jun. 30, 2024
Subordinated Debentures
Subordinated Debentures	Note 8: Subordinated Debentures The following table presents a summary of the Company’s subordinated debentures as of June 30, 2024 and December 31, 2023: Total Debt Total Debt Date First Maturity Outstanding Outstanding Interest Name Established Redemption Date Date June 30, 2024 December 31, 2023 Rate Coupon Structure (dollars in thousands) 2030 Notes June 19, 2020 July 1, 2025 July 1, 2030 $ 50,000 $ 50,000 5.25 % Fixed-to-Floating (1) 2031 Notes July 8, 2021 July 15, 2026 July 15, 2031 30,000 30,000 3.25 % Fixed-to-Floating (2) Subordinated Debentures 80,000 80,000 Debt Issuance Costs (521) (712) Subordinated Debentures, Net of Issuance Costs $ 79,479 $ 79,288 (1) Migrates to three month term SOFR + 5.13% beginning July 1, 2025 until either the early redemption date or the maturity date. (2) Migrates to three month term SOFR + 2.52% beginning July 15, 2026 until either the early redemption date or the maturity date.

Tax Credit Investments

Tax Credit Investments	6 Months Ended
Tax Credit Investments	Jun. 30, 2024
Tax Credit Investments
Tax Credit Investments	Note 9: Tax Credit Investments The Company invests in qualified affordable housing projects and federal historic projects for the purposes 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 June 30, 2024 and December 31, 2023: (dollars in thousands) June 30, 2024 December 31, 2023 Investment Type Investment Unfunded Commitments (1) Investment Unfunded Commitments (1) Low Income Housing Tax Credit (LIHTC) $ 15,929 $ 340 $ 16,897 $ 7,579 Federal Historic Tax Credit (FHTC) 3,078 2,353 3,403 2,353 Total $ 19,007 $ 2,693 $ 20,300 $ 9,932 (1) All commitments are expected to be paid by the Company by June 30, 2025. The following table presents a summary of the amortization expense and tax benefit recognized for the Company’s qualified affordable housing projects and other tax credit investments during the three and six months ended June 30, 2024 and 2023: Three Months Ended Six Months Ended June 30, June 30, (dollars in thousands) 2024 2023 2024 2023 Amortization Expense (1) LIHTC $ 488 $ 280 $ 980 $ 648 FHTC 162 109 325 217 Total $ 650 $ 389 $ 1,305 $ 865 Tax Benefit Recognized (2) LIHTC $ (670) $ (360) $ (1,341) $ (734) FHTC (216) (151) (431) (303) Total $ (886) $ (511) $ (1,772) $ (1,037) (1) The amortization expense for the LIHTC and FHTC investments are included in income tax expense . (2) All of the tax benefits recognized are included in income tax expense .

Commitments, Contingencies and

Commitments, Contingencies and Credit Risk	6 Months Ended
Commitments, Contingencies and Credit Risk	Jun. 30, 2024
Commitments, Contingencies and Credit Risk
Commitments, Contingencies and Credit Risk	Note 10: Commitments, Contingencies and Credit Risk Financial Instruments with Off-Balance Sheet Credit Risk The Company is a party to financial instruments with off-balance sheet risk in the normal course of business to meet the financing needs of its customers. These instruments involve, to varying degrees, elements of credit risk in excess of the amount recognized in the consolidated balance sheets. The Company’s exposure to credit loss is represented by the contractual, or notional, amount of these commitments. The Company follows the same credit policies in making commitments as it does for on-balance sheet instruments. Since some of the commitments are expected to expire without being drawn upon and some of the commitments may not be drawn upon to the total extent of the commitment, the notional amount of these commitments does not necessarily represent future cash requirements. The following table presents information regarding commitments outstanding at June 30, 2024 and December 31, 2023: June 30, December 31, (dollars in thousands) 2024 2023 Unfunded Commitments Under Lines of Credit $ 518,267 $ 546,632 Letters of Credit 106,484 103,289 Totals $ 624,751 $ 649,921 The Company had outstanding letters of credit with the FHLB of $164.2 million and $114.4 million at June 30, 2024 and December 31, 2023, respectively, on behalf of customers and to secure public deposits. The ACL for off-balance sheet credit exposures was $2.9 million and $3.0 million at June 30, 2024 and December 31, 2023, respectively, and is separately classified on the balance sheet within other liabilities. The following table presents the balance and activity in the ACL for off-balance sheet credit exposures for the three and six months ended June 30, 2024 and 2023. The following table presents a summary of the activity in the allowance for credit losses for off-balance sheet credit exposures for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, (dollars in thousands) 2024 2023 2024 2023 Allowance for Credit Losses: Beginning Balance, Prior to Adoption of CECL $ 2,885 $ 4,335 $ 2,985 $ 360 Impact of Adopting CECL — — — 4,850 Recovery of Off-Balance Sheet Credit Exposures — (500) (100) (1,375) Total Ending Balance $ 2,885 $ 3,835 $ 2,885 $ 3,835 Legal Contingencies Neither the Company nor any of its subsidiaries is a party, and no property of these entities is subject, to any material pending legal proceedings, other than ordinary routine litigation incidental to the Bank’s business. The Company does not know of any material proceeding contemplated by a governmental authority against the Company or any of its subsidiaries.

Stock Options and Restricted St

Stock Options and Restricted Stock	6 Months Ended
Stock Options and Restricted Stock	Jun. 30, 2024
Stock Options and Restricted Stock
Stock Options and Restricted Stock	Note 11: Stock Options and Restricted Stock In 2012, the Company adopted the Bridgewater Bancshares, Inc. 2012 Combined Incentive and Non-Statutory Stock Option Plan (the “2012 Plan”) under which the Company was able to grant options to its directors, officers, and employees for up to 750,000 shares of common stock. Both incentive stock options and nonqualified stock options were granted under the 2012 Plan. The exercise price of each option equals the fair market value of the Company’s stock on the date of grant, and the maximum term of each outstanding option is ten years. All outstanding options have been granted with vesting periods of 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, 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 were 30,000 and 5,000 shares, respectively, of the Company’s common stock reserved for future option grants under the 2017 Plan. In 2019, the Company adopted the Bridgewater Bancshares, Inc. 2019 Equity Incentive Plan (the “2019 EIP”). The types of awards which may be granted under the 2019 EIP include incentive and nonqualified stock options, stock appreciation rights, stock awards, restricted stock units, restricted stock and cash incentive awards. The Company may grant these awards to its directors, officers, employees and certain other service providers for up to 1,000,000 shares of common stock. The exercise price of each option equals the fair market value of the Company’s stock on the date of grant and the maximum term of each award is ten years. All outstanding awards have been granted with a vesting period of four years. As of June 30, 2024 and December 31, 2023, there were 6,592 and -0- shares, respectively, of the Company’s common stock reserved for future grants under the 2019 EIP. In 2023, the Company adopted the Bridgewater Bancshares, Inc. 2023 Equity Incentive Plan (the "2023 EIP"). Under the 2023 EIP, the Company may grant incentive and nonqualified stock options, stock appreciation rights, stock awards, restricted stock units, restricted stock and cash incentive awards. The Company may grant these awards to its directors, officers, employees and certain other service providers for up to 1,500,000 shares of common stock. The exercise price of each option equals the fair market value of the Company’s stock on the date of grant and the maximum term of each award is ten years. All outstanding awards have been granted with a vesting period of four years. As of June 30, 2024 and December 31, 2023, there were 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. The following table presents a summary of the status of the Company’s outstanding stock options for the six months ended June 30, 2024: June 30, 2024 Weighted Average Shares Exercise Price Outstanding at Beginning of Year 2,014,994 $ 10.57 Granted — — Exercised (8,500) 8.23 Forfeitures (30,000) 12.87 Outstanding at Period End 1,976,494 $ 10.54 Options Exercisable at Period End 1,404,869 $ 9.73 For the three months ended June 30, 2024 and 2023, the Company recognized compensation expense for stock options of $236,000 and $185,000, respectively. For the six months ended June 30, 2024 and 2023, the Company recognized compensation expense for stock options of $485,000 and $371,000, respectively. The following table presents information pertaining to options outstanding at June 30, 2024: 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 $ 3.00 - 3.99 10,000 $ 3.58 0.5 10,000 $ 3.58 7.00 - 7.99 888,466 7.47 3.2 888,466 7.47 8.00 - 8.99 12,500 8.76 5.7 12,500 8.76 10.00 - 10.99 249,000 10.63 8.9 10,000 10.08 11.00 - 11.99 262,500 11.15 7.9 75,000 11.29 12.00 - 12.99 263,528 12.90 5.1 263,528 12.90 17.00 - 17.99 290,500 17.50 7.6 145,375 17.50 Totals 1,976,494 $ 10.54 5.5 1,404,869 $ 9.73 As of June 30, 2024, there was $2.3 million of total unrecognized compensation cost related to nonvested stock options that is expected to be recognized over a weighted-average period of 2.8 years. The following table presents an analysis of nonvested options to purchase shares of the Company’s stock issued and outstanding for the six months ended June 30, 2024: Weighted Number of Average Grant Shares Date Fair Value Nonvested Options at December 31, 2023 666,250 $ 5.09 Granted — — Vested (89,625) 5.05 Forfeited (5,000) 4.19 Nonvested Options at June 30, 2024 571,625 $ 5.10 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 six months ended June 30, 2024: Weighted Number of Average Grant Shares Date Fair Value Nonvested at December 31, 2023 3,411 $ 10.53 Granted — — Vested (2,786) 10.32 Forfeited — — Nonvested at June 30, 2024 625 $ 11.47 Compensation expense associated with the restricted stock awards is recognized on a straight-line basis over the period that the restrictions associated with the awards lapse based on the total cost of the award at the grant date. For the three months ended June 30, 2024 and 2023, the Company recognized compensation expense for restricted stock awards of $2,000 and $110,000, respectively. For the six months ended June 30, 2024 and 2023, the Company recognized compensation expense for restricted stock awards of $10,000 and $221,000 , respectively. As of June 30, 2024, there was $2,000 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 0.3 years. In addition, during the six months ended June 30, 2024, the Company issued 21,336 shares of unrestricted common stock to non-employee 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 non-employee directors of $248,000 was included in stock based compensation expense in the accompanying consolidated statements of shareholders’ equity. Restricted Stock Units The Company has granted restricted stock units out of the 2019 EIP and 2023 EIP. Restricted stock units 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 six months ended June 30, 2024: Weighted Number of Average Grant Units Date Fair Value Nonvested at December 31, 2023 441,015 $ 14.71 Granted 63,184 11.89 Vested (22,665) 15.63 Forfeited (10,276) 14.75 Nonvested at June 30, 2024 471,258 $ 14.29 Compensation expense associated with the restricted stock units is recognized on a straight-line basis over the period that the restrictions associated with the units lapse based on the total cost of the unit at the grant date. For the three months ended June 30, 2024 and 2023, the Company recognized compensation expense for restricted stock units of $675,000 and $556,000, respectively. For the six months ended June 30, 2024 and 2023, the Company recognized compensation expense for the restricted stock of $1.3 million and $1.1 million, respectively. As of June 30, 2024, there was $5.3 million of total unrecognized compensation cost related to nonvested restricted stock units granted under the 2019 EIP or 2023 EIP that is expected to be recognized over a weighted-average period of 2.5 years.

Regulatory Capital

Regulatory Capital	6 Months Ended
Regulatory Capital	Jun. 30, 2024
Regulatory Capital
Regulatory Capital	Note 12: 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 June 30, 2024 and December 31, 2023: 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 June 30, 2024 Company (Consolidated): Total Risk-based Capital $ 579,988 14.16 % $ 327,576 8.00 % $ 429,943 10.50 % N/A N/A Tier 1 Risk-based Capital 451,764 11.03 245,682 6.00 348,049 8.50 N/A N/A Common Equity Tier 1 Capital 385,250 9.41 184,261 4.50 286,629 7.00 N/A N/A Tier 1 Leverage Ratio 451,764 9.66 187,110 4.00 187,110 4.00 N/A N/A Bank: Total Risk-based Capital $ 572,981 14.01 % $ 327,129 8.00 % $ 429,357 10.50 % $ 408,912 10.00 % Tier 1 Risk-based Capital 524,306 12.82 245,347 6.00 347,575 8.50 327,129 8.00 Common Equity Tier 1 Capital 524,306 12.82 184,010 4.50 286,238 7.00 265,793 6.50 Tier 1 Leverage Ratio 524,306 11.22 186,895 4.00 186,895 4.00 233,619 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, 2023 Company (Consolidated): Total Risk-based Capital $ 570,770 13.97 % $ 326,872 8.00 % $ 429,019 10.50 % N/A N/A Tier 1 Risk-based Capital 440,947 10.79 245,154 6.00 347,301 8.50 N/A N/A Common Equity Tier 1 Capital 374,433 9.16 183,865 4.50 286,013 7.00 N/A N/A Tier 1 Leverage Ratio 440,947 9.57 184,383 4.00 184,383 4.00 N/A N/A Bank: Total Risk-based Capital $ 554,269 13.58 % $ 326,528 8.00 % $ 428,568 10.50 % $ 408,160 10.00 % Tier 1 Risk-based Capital 503,787 12.34 244,896 6.00 346,936 8.50 326,528 8.00 Common Equity Tier 1 Capital 503,787 12.34 183,672 4.50 285,712 7.00 265,304 6.50 Tier 1 Leverage Ratio 503,787 10.95 184,037 4.00 184,037 4.00 230,047 5.00 The Company and the Bank must maintain a capital conservation buffer, as defined by regulatory guidelines, in order to avoid limitations on capital distributions, including dividend payments, stock repurchases and certain discretionary bonus payments to executive officers.

Fair Value Measurement

Fair Value Measurement	6 Months Ended
Fair Value Measurement	Jun. 30, 2024
Fair Value Measurement
Fair Value Measurement	Note 13: 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. There have been no changes in methodologies used as of June 30, 2024. The following tables present the balances of assets and liabilities measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023: June 30, 2024 (dollars in thousands) Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: Securities Available for Sale: Municipal Bonds $ — $ 132,551 $ — $ 132,551 Mortgage-Backed Securities — 203,901 — 203,901 Corporate Securities — 140,297 — 140,297 SBA Securities — 15,908 — 15,908 Asset-Backed Securities — 108,400 — 108,400 Interest Rate Caps — 20,479 — 20,479 Interest Rate Swaps — 14,366 — 14,366 Total Fair Value of Financial Assets $ — $ 635,902 $ — $ 635,902 Fair Value of Financial Liabilities: Interest Rate Swaps $ — $ 8,137 $ — $ 8,137 Total Fair Value of Financial Liabilities $ — $ 8,137 $ — $ 8,137 December 31, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: Securities Available for Sale: Municipal Bonds $ — $ 132,524 $ — $ 132,524 Mortgage-Backed Securities — 235,315 — 235,315 Corporate Securities — 130,605 — 130,605 SBA Securities — 18,674 — 18,674 Asset-Backed Securities — 86,986 — 86,986 Interest Rate Caps — 18,717 — 18,717 Interest Rate Swaps — 13,872 — 13,872 Total Fair Value of Financial Assets $ — $ 636,693 $ — $ 636,693 Fair Value of Financial Liabilities: Interest Rate Swaps $ — $ 8,601 $ — $ 8,601 Total Fair Value of Financial Liabilities $ — $ 8,601 $ — $ 8,601 Investment Securities When available, the Company uses quoted market prices to determine the fair value of investment securities; such items are classified in Level 1 of the fair value hierarchy. For the Company’s investments, when quoted prices are not available for identical securities in an active market, the Company determines fair value utilizing vendors who apply matrix pricing for similar bonds where no price is observable or may compile prices from various sources. These models are primarily industry-standard models that consider various assumptions, including time value, yield curve, volatility factors, prepayment speeds, default rates, loss severity, current market, and contractual prices for the underlying financial instruments, as well as other relevant economic measures. Substantially, all of these assumptions are observable in the marketplace and can be derived from observable data or are supported by observable levels at which transactions are executed in the marketplace. Fair values from these models are verified, where possible, against quoted market prices for recent trading activity of assets with similar characteristics to the security being valued. Such methods are generally classified as Level 2. However, when prices from independent sources vary, or cannot be obtained or corroborated, a security is generally classified as Level 3. Interest Rate Caps Interest Rate Swaps Interest rate swaps are traded in over-the-counter markets where quoted market prices are not readily available. For those interest rate swaps, fair value is determined using internally developed models of a third party that uses primarily market observable inputs, such as yield curves and option volatilities, and accordingly are valued using Level 2 inputs. Nonrecurring Basis Certain assets are measured at fair value on a nonrecurring basis. These assets are not measured at fair value on an ongoing basis; however, they are subject to fair value adjustments in certain circumstances, such as when there is evidence of impairment or a change in the amount of previously recognized impairment. The following tables present net impairment losses related to nonrecurring fair value measurements of certain assets at June 30, 2024 and December 31, 2023: June 30, 2024 (dollars in thousands) Level 1 Level 2 Level 3 Loss Individually Evaluated Loans $ — $ — $ 9,287 $ 245 Totals $ — $ — $ 9,287 $ 245 December 31, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Loss Individually Evaluated Loans $ — $ — $ 9,602 $ 199 Totals $ — $ — $ 9,602 $ 199 Individually Evaluated Loans The Company records certain loans at fair value on a non-recurring basis. Individually evaluated loans for which an allowance is established, or a write-down has occurred during the period, based on the fair value of collateral require classification in the fair value hierarchy. The fair value of the loan’s collateral is determined by appraisals, independent valuation and other techniques. When the fair value of the loan’s collateral is based on an observable market price the Company classifies the fair value of the individually evaluated loans within Level 2 of the valuation hierarchy. For loans in which the valuation has unobservable inputs, the Company classifies these within the Level 3 of the valuation hierarchy. As of June 30, 2024, collateral values were estimated using a combination of observable inputs, including recent appraisals, and unobservable inputs, including internally determined values based on cost adjusted for depreciation and customized discounting criteria on appraisals which ranged from 3 - 15% . Due to the significance of unobservable inputs, fair values of individually evaluated loans have been classified as Level 3. Fair Value Disclosure of fair value information about financial instruments, for which it is practicable to estimate that value, is required whether or not recognized in the consolidated balance sheets. In cases where quoted market prices are not available, fair values are based on estimates using present value of cash flow or other valuation techniques. Those techniques are significantly affected by the assumptions used, including the discount rate and estimate of future cash flows. In that regard, the derived fair value estimates cannot be substantiated by comparison to independent markets and, in many cases could not be realized in immediate settlement of the instruments. Certain financial instruments with a fair value that is not practicable to estimate and all non-financial instruments are excluded from the disclosure requirements. Accordingly, the aggregate fair value amounts presented do not necessarily represent the underlying value of the Company. Fair value estimates are made at a specific point in time based on relevant market information and information about the financial instrument. These estimates do not reflect any premium or discount that could result from offering for sale at one time the Company’s entire holdings of a particular instrument. Because no market exists for a significant portion of the Company’s financial instruments, fair value estimates are based on judgments regarding future expected loss experience, current economic conditions, risk characteristics of various financial instruments, and other factors. These estimates are subjective in nature and involve uncertainties and matters that could affect the estimates. Fair value estimates are based on existing on and off-balance sheet financial instruments without attempting to estimate the value of anticipated future business. Deposits with no stated maturities are defined as having a fair value equivalent to the amount payable on demand. This prohibits adjusting fair value derived from retaining those deposits for an expected future period of time. This component, commonly referred to as a deposit base intangible, is neither considered in the above amounts nor is it recorded as an intangible asset on the balance sheet. In addition, the tax ramifications related to the realization of the unrealized gains and losses can have a significant effect on fair value estimates and have not been considered in the estimates. The following tables present the carrying amounts and estimated fair values of financial instruments at June 30, 2024 and December 31, 2023: June 30, 2024 Fair Value Hierarchy Carrying Estimated (dollars in thousands) Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and Due From Banks $ 134,093 $ 134,093 $ — $ — $ 134,093 Securities Available for Sale 601,057 — 601,057 — 601,057 FHLB Stock, at Cost 15,844 — 15,844 — 15,844 Loans, Net 3,742,222 — 3,632,015 9,287 3,641,302 Accrued Interest Receivable 16,944 — 16,944 — 16,944 Interest Rate Caps 20,479 — 20,479 — 20,479 Interest Rate Swaps 14,366 — 14,366 — 14,366 Financial Liabilities: Deposits $ 3,807,712 $ — $ 3,802,481 $ — $ 3,802,481 Notes Payable 13,750 — 13,753 — 13,753 FHLB Advances 287,000 — 285,758 — 285,758 Subordinated Debentures 79,479 — 79,095 — 79,095 Accrued Interest Payable 3,999 — 3,999 — 3,999 Interest Rate Swaps 8,137 — 8,137 — 8,137 December 31, 2023 Fair Value Hierarchy Carrying Estimated (dollars in thousands) Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and Due From Banks $ 128,562 $ 128,562 $ — $ — $ 128,562 Securities Available for Sale 604,104 — 604,104 — 604,104 FHLB Stock, at Cost 17,097 — 17,097 — 17,097 Loans, Net 3,667,215 — 3,579,583 9,602 3,589,185 Accrued Interest Receivable 16,697 — 16,697 — 16,697 Interest Rate Caps 18,717 — 18,717 — 18,717 Interest Rate Swaps 13,872 — 13,872 — 13,872 Financial Liabilities: Deposits $ 3,709,948 $ — $ 3,709,086 $ — $ 3,709,086 Notes Payable 13,750 — 13,805 — 13,805 FHLB Advances 319,500 — 319,305 — 319,305 Subordinated Debentures 79,288 — 77,557 — 77,557 Accrued Interest Payable 5,282 — 5,282 — 5,282 Interest Rate Swaps 8,601 — 8,601 — 8,601 The following methods and assumptions were used by the Company to estimate fair value of financial instruments not previously discussed. Cash and due from banks FHLB stock Loans, net Accrued interest receivable Deposits Notes payable and subordinated debentures FHLB advances Accrued interest payable Off-balance sheet instruments Limitations

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	6 Months Ended
Accumulated Other Comprehensive Income	Jun. 30, 2024
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income	Note 14: Accumulated Other Comprehensive Income The following tables present the components of other comprehensive income for the three and six months ended June 30, 2024 and 2023: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2024 Net Unrealized Gain on Available for Sale Securities $ 1,168 $ (336) $ 832 Less: Reclassification Adjustment for Net Gains Included in Net Income (320) 92 (228) Total Unrealized Gain 848 (244) 604 Net Unrealized Gain on Cash Flow Hedge 2,036 (585) 1,451 Less: Reclassification Adjustment for Gains Included in Net Income (2,329) 670 (1,659) Total Unrealized Loss (293) 85 (208) Other Comprehensive Income $ 555 $ (159) $ 396 Three Months Ended June 30, 2023 Net Unrealized Loss on Available for Sale Securities $ (9,430) $ 2,710 $ (6,720) Less: Reclassification Adjustment for Net Gains Included in Net Income (50) 14 (36) Total Unrealized Loss (9,480) 2,724 (6,756) Net Unrealized Gain on Cash Flow Hedge 6,573 (1,888) 4,685 Less: Reclassification Adjustment for Gains Included in Net Income (1,320) 379 (941) Total Unrealized Gain 5,253 (1,509) 3,744 Other Comprehensive Loss $ (4,227) $ 1,215 $ (3,012) (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2024 Net Unrealized Gain on Available for Sale Securities $ 1,403 $ (403) $ 1,000 Less: Reclassification Adjustment for Net Gains Included in Net Income (413) 119 (294) Total Unrealized Gain 990 (284) 706 Net Unrealized Gain on Cash Flow Hedge 7,748 (2,227) 5,521 Less: Reclassification Adjustment for Gains Included in Net Income (4,632) 1,331 (3,301) Total Unrealized Gain 3,116 (896) 2,220 Other Comprehensive Income $ 4,106 $ (1,180) $ 2,926 Six Months Ended June 30, 2023 Net Unrealized Loss on Available for Sale Securities $ (4,187) $ 1,204 $ (2,983) Less: Reclassification Adjustment for Net Losses Included in Net Income 6 (2) 4 Total Unrealized Loss (4,181) 1,202 (2,979) Net Unrealized Gain on Cash Flow Hedge 2,404 (690) 1,714 Less: Reclassification Adjustment for Gains Included in Net Income (2,387) 686 (1,701) Total Unrealized Gain 17 (4) 13 Other Comprehensive Loss $ (4,164) $ 1,198 $ (2,966) The following tables present the changes in each component of accumulated other comprehensive income, net of tax, for the three and six months ended June 30, 2024 and 2023: Accumulated Available For Other Comprehensive (dollars in thousands) Sale Securities Cash Flow Hedge Income (Loss) Three Months Ended June 30, 2024 Balance at Beginning of Period $ (31,618) $ 15,902 $ (15,716) Other Comprehensive Income Before Reclassifications 832 1,451 2,283 Amounts Reclassified from Accumulated Other Comprehensive Income (228) (1,659) (1,887) Net Other Comprehensive Income During Period 604 (208) 396 Balance at End of Period $ (31,014) $ 15,694 $ (15,320) Three Months Ended June 30, 2023 Balance at Beginning of Period $ (30,347) $ 12,451 $ (17,896) Other Comprehensive Income (Loss) Before Reclassifications (6,720) 4,685 (2,035) Amounts Reclassified from Accumulated Other Comprehensive Income (36) (941) (977) Net Other Comprehensive Income (Loss) During Period (6,756) 3,744 (3,012) Balance at End of Period $ (37,103) $ 16,195 $ (20,908) Accumulated Available For Other Comprehensive (dollars in thousands) Sale Securities Cash Flow Hedge Income (Loss) Six Months Ended June 30, 2024 Balance at Beginning of Period $ (31,720) $ 13,474 $ (18,246) Other Comprehensive Income Before Reclassifications 1,000 5,521 6,521 Amounts Reclassified from Accumulated Other Comprehensive Income (294) (3,301) (3,595) Net Other Comprehensive Income During Period 706 2,220 2,926 Balance at End of Period $ (31,014) $ 15,694 $ (15,320) Six Months Ended June 30, 2023 Balance at Beginning of Period $ (34,124) $ 16,182 $ (17,942) Other Comprehensive Income (Loss) Before Reclassifications (2,983) 1,714 (1,269) Amounts Reclassified from Accumulated Other Comprehensive Income 4 (1,701) (1,697) Net Other Comprehensive Income (Loss) During Period (2,979) 13 (2,966) Balance at End of Period $ (37,103) $ 16,195 $ (20,908)

Subsequent Events

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2024
Subsequent Events
Subsequent Events	Note 15: Subsequent Events On July 23, 2024, the Board of Directors of the Company extended the expiration date of the Company’s previously announced stock repurchase program (the “2022 Stock Repurchase Program”) from August 16, 2024 to August 20, 2025. As of July 23, 2024, the 2022 Stock Repurchase Program had $15.3 million remaining under its repurchase authorization. On July 24, 2024, the Company’s Board of Directors announced a quarterly cash dividend of $36.72 per share ($0.3672 per depositary share) on its 5.875% Non-Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Stock”), payable on September 3, 2024, to shareholders of record on the Series A Preferred Stock at the close of business on August 15, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net Income (Loss)	$ 8,115	$ 9,816	$ 15,946	$ 21,458

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Description of the Business a_2

Description of the Business and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Description of the Business and Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements were prepared in accordance with instructions for Form 10-Q and, therefore, do not include all disclosures necessary for a complete presentation of the consolidated balance sheets, consolidated statements of income, consolidated statements of comprehensive income, consolidated statements of shareholders’ equity and consolidated statements of cash flows in conformity with U.S. generally accepted accounting principles (“GAAP”). However, all normal recurring adjustments which are, in the opinion of management, necessary for the fair presentation of the interim financial statements have been included. The results of operations for the three and six-month periods ended June 30, 2024 are not necessarily indicative of the results which may be expected for the entire year. For further information, refer to the consolidated financial statements and footnotes included in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on March 7, 2024.
Principles of Consolidation	Principles of Consolidation These consolidated financial statements include the amounts of the Company, the Bank, with locations in Bloomington, Greenwood, Minneapolis (2), St. Louis Park, Orono, and St. Paul, Minnesota, BWB Holdings, LLC, and Bridgewater Investment Management, Inc. All significant intercompany balances and transactions have been eliminated in consolidation.
Use of Estimates in Preparation of Financial Statements	Use of Estimates in Preparation of Financial Statements The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Information available which could affect judgements includes, but is not limited to, changes in interest rates, changes in the performance of the economy, including elevated levels of inflation and possible recession, 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 credit losses, calculation of deferred tax assets, fair value of financial instruments, and investment securities impairment.
Impact of Recently Issued Accounting Guidance	Impact of Recently Issued Accounting Guidance In March 2024, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, No. 2024-02, Codification Improvements: Amendments to Remove References to the Concepts Statements. The ASU amends the Codification to remove references to various concepts and impacts a variety of topics in the Codification. The amendments apply to all reporting entities within the scope of the affected accounting guidance, but in most instances the references removed are extraneous and not required to understand or apply the guidance. Generally, the amendments in ASU 2024-02 are not intended to result in significant accounting changes for most entities. ASU 2024-02 is effective January 1, 2025 and is not expected to have a material impact on the Company’s consolidated financial statements.
Subsequent Events	Subsequent Events Subsequent events have been evaluated through August 1, 2024, which is the date the consolidated financial statements were available to be issued.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
Earnings Per Share (Tables)	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of numerators and denominators for basic and diluted earnings per share computations	The following table presents the numerators and denominators for basic and diluted earnings per share computations for the three and six months ended June 30, 2024 and 2023: Three Months Ended Six Months Ended June 30, June 30, (dollars in thousands, except per share data) 2024 2023 2024 2023 Net Income Available to Common Shareholders $ 7,101 $ 8,802 $ 13,919 $ 19,431 Weighted Average Common Stock Outstanding: Weighted Average Common Stock Outstanding (Basic) 27,386,713 27,886,425 27,539,057 27,807,100 Dilutive Effect of Stock Compensation 361,471 312,314 382,544 543,605 Weighted Average Common Stock Outstanding (Dilutive) 27,748,184 28,198,739 27,921,601 28,350,705 Basic Earnings per Common Share $ 0.26 $ 0.32 $ 0.51 $ 0.70 Diluted Earnings per Common Share 0.26 0.31 0.50 0.69

Securities (Tables)

Securities (Tables)	6 Months Ended
Securities (Tables)	Jun. 30, 2024
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 June 30, 2024 and December 31, 2023: June 30, 2024 Gross Gross Amortized Unrealized Unrealized (dollars in thousands) Cost Gains Losses Fair Value Securities Available for Sale: Municipal Bonds $ 152,030 $ 36 $ (19,515) $ 132,551 Mortgage-Backed Securities 219,912 922 (16,933) 203,901 Corporate Securities 149,103 486 (9,292) 140,297 SBA Securities 15,708 267 (67) 15,908 Asset-Backed Securities 107,826 659 (85) 108,400 Total Securities Available for Sale $ 644,579 $ 2,370 $ (45,892) $ 601,057 December 31, 2023 Gross Gross Amortized Unrealized Unrealized (dollars in thousands) Cost Gains Losses Fair Value Securities Available for Sale: Municipal Bonds $ 151,512 $ 47 $ (19,035) $ 132,524 Mortgage-Backed Securities 249,455 2,261 (16,401) 235,315 Corporate Securities 142,098 386 (11,879) 130,605 SBA Securities 18,497 279 (102) 18,674 Asset-Backed Securities 87,054 357 (425) 86,986 Total Securities Available for Sale $ 648,616 $ 3,330 $ (47,842) $ 604,104
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 June 30, 2024 and December 31, 2023: Less Than 12 Months 12 Months or Greater Total Number of Unrealized Unrealized Unrealized (dollars in thousands, except number of holdings) Holdings Fair Value Losses Fair Value Losses Fair Value Losses June 30, 2024 Municipal Bonds 214 $ 8,030 $ (50) $ 121,333 $ (19,465) $ 129,363 $ (19,515) Mortgage-Backed Securities 123 28,646 (292) 121,135 (16,641) 149,781 (16,933) Corporate Securities 112 17,224 (236) 105,083 (9,056) 122,307 (9,292) SBA Securities 38 715 (2) 5,835 (65) 6,550 (67) Asset-Backed Securities 12 19,402 (48) 8,397 (37) 27,799 (85) Total Securities Available for Sale 499 $ 74,017 $ (628) $ 361,783 $ (45,264) $ 435,800 $ (45,892) Less Than 12 Months 12 Months or Greater Total Number of Unrealized Unrealized Unrealized (dollars in thousands, except number of holdings) Holdings Fair Value Losses Fair Value Losses Fair Value Losses December 31, 2023 Municipal Bonds 212 $ 4,052 $ (17) $ 120,527 $ (19,018) $ 124,579 $ (19,035) Mortgage-Backed Securities 128 35,719 (310) 135,829 (16,091) 171,548 (16,401) Corporate Securities 110 14,528 (756) 101,311 (11,123) 115,839 (11,879) SBA Securities 47 1,731 (3) 7,072 (99) 8,803 (102) Asset-Backed Securities 24 39,011 (234) 13,805 (191) 52,816 (425) Total Securities Available for Sale 521 $ 95,041 $ (1,320) $ 378,544 $ (46,522) $ 473,585 $ (47,842)
Schedule of contractual maturities of debt	The following table presents a summary of the amortized cost and estimated fair value of debt securities by the lesser of expected call date or contractual maturity as of June 30, 2024. Call date is used when a call of the debt security is expected, as determined by the Company when the security has a market value above its amortized cost. Contractual maturities will differ from expected maturities for mortgage-backed, SBA securities and asset-backed securities because borrowers may have the right to call or prepay obligations without penalties. (dollars in thousands) Amortized Cost Fair Value June 30, 2024 Due in One Year or Less $ 22,870 $ 22,879 Due After One Year Through Five Years 54,344 52,845 Due After Five Years Through 10 Years 192,318 172,198 Due After 10 Years 31,601 24,926 Subtotal 301,133 272,848 Mortgage-Backed Securities 219,912 203,901 SBA Securities 15,708 15,908 Asset-Backed Securities 107,826 108,400 Totals $ 644,579 $ 601,057
Summary of the proceeds from sales of securities available for sale, as well as gross gains and losses	The following table presents a summary of the proceeds from sales of securities available for sale, as well as gross gains and losses, for the three and six months ended June 30, 2024 and June 30, 2023: Three Months Ended Six Months Ended June 30, June 30, (dollars in thousands) 2024 2023 2024 2023 Proceeds From Sales of Securities $ 38,049 $ 7,017 $ 50,833 $ 26,976 Gross Gains on Sales 320 50 1,106 247 Gross Losses on Sales — — (693) (253)

Loans and Allowance for Credi_2

Loans and Allowance for Credit Losses (Tables)	6 Months Ended
Loans and Allowance for Credit Losses (Tables)	Jun. 30, 2024
Loans and Allowance for Credit Losses
Summary of components of loans	The following table presents the components of the loan portfolio at June 30, 2024 and December 31, 2023: June 30, December 31, (dollars in thousands) 2024 2023 Commercial $ 518,762 $ 464,061 Construction and Land Development 134,096 232,804 1-4 Family Construction 60,551 65,087 Real Estate Mortgage: 1-4 Family Mortgage 416,944 402,396 Multifamily 1,404,835 1,388,541 CRE Owner Occupied 185,988 175,783 CRE Nonowner Occupied 1,070,050 987,306 Total Real Estate Mortgage Loans 3,077,817 2,954,026 Consumer and Other 9,159 8,304 Total Loans, Gross 3,800,385 3,724,282 Allowance for Credit Losses (51,949) (50,494) Net Deferred Loan Fees (6,214) (6,573) Total Loans, Net $ 3,742,222 $ 3,667,215
Summary of aging in past due loans and nonaccrual status, with and without an ACL, by loan segment	The following tables present the aging in past due loans and loans on nonaccrual status, with and without an allowance for credit losses, or ACL, by loan segment as of June 30, 2024 and December 31, 2023: Accruing Interest 30-89 Days 90 Days or Nonaccrual Nonaccrual (dollars in thousands) Current Past Due More Past Due with ACL without ACL Total June 30, 2024 Commercial $ 518,085 $ 502 $ — $ 80 $ 95 $ 518,762 Construction and Land Development 134,028 — — — 68 134,096 1-4 Family Construction 60,551 — — — — 60,551 Real Estate Mortgage: 1-4 Family Mortgage 416,944 — — — — 416,944 Multifamily 1,404,835 — — — — 1,404,835 CRE Owner Occupied 185,988 — — — — 185,988 CRE Nonowner Occupied 1,069,615 — — — 435 1,070,050 Consumer and Other 9,159 — — — — 9,159 Totals $ 3,799,205 $ 502 $ — $ 80 $ 598 $ 3,800,385 Accruing Interest 30-89 Days 90 Days or Nonaccrual Nonaccrual (dollars in thousands) Current Past Due More Past Due with ACL without ACL Total December 31, 2023 Commercial $ 463,966 $ — $ — $ — $ 95 $ 464,061 Construction and Land Development 232,724 — — — 80 232,804 1-4 Family Construction 64,838 — — — 249 65,087 Real Estate Mortgage: 1-4 Family Mortgage 402,396 — — — — 402,396 Multifamily 1,373,431 15,110 — — — 1,388,541 CRE Owner Occupied 175,289 — — — 494 175,783 CRE Nonowner Occupied 987,306 — — — — 987,306 Consumer and Other 8,303 — — — 1 8,304 Totals $ 3,708,253 $ 15,110 $ — $ — $ 919 $ 3,724,282
Summary of loan balances classified by credit quality indicators by year of origination	The following tables present loan balances classified by credit quality indicators by year of origination as of June 30, 2024 and December 31, 2023: June 30, 2024 (dollars in thousands) 2024 2023 2022 2021 2020 Prior Revolving Total Commercial Pass $ 71,471 $ 72,979 $ 99,891 $ 30,248 $ 16,417 $ 21,113 $ 191,250 $ 503,369 Watch — — — — — — 495 495 Substandard — 44 11,043 — — — 3,811 14,898 Total Commercial 71,471 73,023 110,934 30,248 16,417 21,113 195,556 518,762 Current Period Gross Write-offs — — — — — — — — Construction and Land Development Pass 35,645 60,671 29,629 1,033 35 — 7,015 134,028 Substandard — — 68 — — — — 68 Total Construction and Land Development 35,645 60,671 29,697 1,033 35 — 7,015 134,096 Current Period Gross Write-offs — — — — — — — — 1-4 Family Construction Pass 12,143 22,251 16,841 996 — — 8,320 60,551 Total 1-4 Family Construction 12,143 22,251 16,841 996 — — 8,320 60,551 Current Period Gross Write-offs — — — — — — — — Real Estate Mortgage: 1-4 Family Mortgage Pass 50,291 58,791 99,314 77,375 51,170 17,610 61,741 416,292 Substandard — — — — — 652 — 652 Total 1-4 Family Mortgage 50,291 58,791 99,314 77,375 51,170 18,262 61,741 416,944 Current Period Gross Write-offs — — — — — — — — Multifamily Pass 151,144 126,929 472,435 378,688 185,414 71,391 5,882 1,391,883 Watch — 12,952 — — — — — 12,952 Total Multifamily 151,144 139,881 472,435 378,688 185,414 71,391 5,882 1,404,835 Current Period Gross Write-offs — — — — — — — — CRE Owner Occupied Pass 18,723 30,610 63,173 37,304 20,013 11,124 2,325 183,272 Watch — — — 1,730 — — — 1,730 Substandard — 986 — — — — — 986 Total CRE Owner Occupied 18,723 31,596 63,173 39,034 20,013 11,124 2,325 185,988 Current Period Gross Write-offs — — — — — — — CRE Nonowner Occupied Pass 119,222 155,900 319,534 224,335 74,271 140,127 4,098 1,037,487 Watch 8,828 3,698 — 2,733 — — — 15,259 Substandard 9,380 5,558 1,932 434 — — — 17,304 Total CRE Nonowner Occupied 137,430 165,156 321,466 227,502 74,271 140,127 4,098 1,070,050 Current Period Gross Write-offs — — — — — — — — Total Real Estate Mortgage Loans 357,588 395,424 956,388 722,599 330,868 240,904 74,046 3,077,817 Consumer and Other Pass 481 2,724 185 4 1,332 — 4,433 9,159 Total Consumer and Other 481 2,724 185 4 1,332 — 4,433 9,159 Current Period Gross Write-offs 11 — — — — — 1 12 Total Period Gross Write-offs 11 — — — — — 1 12 Total Loans $ 477,328 $ 554,093 $ 1,114,045 $ 754,880 $ 348,652 $ 262,017 $ 289,370 $ 3,800,385 December 31, 2023 (dollars in thousands) 2023 2022 2021 2020 2019 Prior Revolving Total Commercial Pass $ 93,299 $ 121,274 $ 37,056 $ 19,297 $ 18,594 $ 4,507 $ 149,836 $ 443,863 Watch 1,700 318 34 — — — 2,003 4,055 Substandard 3 11,299 — — — 50 4,791 16,143 Total Commercial 95,002 132,891 37,090 19,297 18,594 4,557 156,630 464,061 Current Period Gross Write-offs 72 96 12 — — — — 180 Construction and Land Development Pass 87,402 99,133 34,122 46 — — 12,021 232,724 Substandard — 80 — — — — — 80 Total Construction and Land Development 87,402 99,213 34,122 46 — — 12,021 232,804 Current Period Gross Write-offs — — — — — — — — 1-4 Family Construction Pass 35,172 16,156 941 355 — — 12,214 64,838 Substandard 249 — — — — — — 249 Total 1-4 Family Construction 35,421 16,156 941 355 — — 12,214 65,087 Current Period Gross Write-offs — — — — — — — — Real Estate Mortgage: 1-4 Family Mortgage Pass 74,602 106,085 83,525 52,813 18,789 3,403 62,490 401,707 Substandard — — — — — 659 30 689 Total 1-4 Family Mortgage 74,602 106,085 83,525 52,813 18,789 4,062 62,520 402,396 Current Period Gross Write-offs — — — — — — — — Multifamily Pass 192,078 456,179 444,162 196,784 41,998 45,847 8,577 1,385,625 Watch 2,916 — — — — — — 2,916 Total Multifamily 194,994 456,179 444,162 196,784 41,998 45,847 8,577 1,388,541 Current Period Gross Write-offs — — — — — — — — CRE Owner Occupied Pass 36,255 61,724 40,748 20,610 4,903 8,312 1,672 174,224 Substandard 194 — 494 — — 871 — 1,559 Total CRE Owner Occupied 36,449 61,724 41,242 20,610 4,903 9,183 1,672 175,783 Current Period Gross Write-offs — — — — — — — — CRE Nonowner Occupied Pass 164,226 305,749 253,683 77,618 78,288 66,569 4,521 950,654 Watch 16,301 — 3,213 — — — — 19,514 Substandard 15,183 1,955 — — — — — 17,138 Total CRE Nonowner Occupied 195,710 307,704 256,896 77,618 78,288 66,569 4,521 987,306 Current Period Gross Write-offs — — — — — — — — Total Real Estate Mortgage Loans 501,755 931,692 825,825 347,825 143,978 125,661 77,290 2,954,026 Consumer and Other Pass 2,908 256 9 1,460 6 — 3,665 8,304 Total Consumer and Other 2,908 256 9 1,460 6 — 3,665 8,304 Current Period Gross Write-offs 42 — — — — — 2 44 Total Period Gross Write-offs 114 96 12 — — — 2 224 Total Loans $ 722,488 $ 1,180,208 $ 897,987 $ 368,983 $ 162,578 $ 130,218 $ 261,820 $ 3,724,282
Summary of the activity in the allowance for loan losses by segment	The following tables present the activity in the ACL, by segment, for the three and six months ended June 30, 2024 and 2023: Construction CRE CRE and Land 1-4 Family 1--4 Family Owner Non-owner Consumer (dollars in thousands) Commercial Development Construction Mortgage Multifamil y Occupied Occupied and Other Total Three Months Ended June 30, 2024 Allowance for Credit Losses for Loans: Beginning Balance $ 5,607 $ 1,828 $ 577 $ 2,754 $ 22,230 $ 1,235 $ 17,005 $ 111 $ 51,347 Provision for Credit Losses for Loans 409 (608) (55) 18 250 23 576 (13) 600 Loans Charged-off — — — — — — — (10) (10) Recoveries of Loans 2 — — 2 — — — 8 12 Total Ending Allowance Balance $ 6,018 $ 1,220 $ 522 $ 2,774 $ 22,480 $ 1,258 $ 17,581 $ 96 $ 51,949 Six Months Ended June 30, 2024 Allowance for Credit Losses for Loans: Beginning Balance $ 5,398 $ 2,156 $ 558 $ 2,651 $ 22,217 $ 1,184 $ 16,225 $ 105 $ 50,494 Provision for Credit Losses for Loans 615 (936) (36) 120 263 74 1,356 (6) 1,450 Loans Charged-off — — — — — — — (12) (12) Recoveries of Loans 5 — — 3 — — 9 17 Total Ending Allowance Balance $ 6,018 $ 1,220 $ 522 $ 2,774 $ 22,480 $ 1,258 $ 17,581 $ 96 $ 51,949 Construction CRE CRE and Land 1-4 Family 1--4 Family Owner Non-owner Consumer (dollars in thousands) Commercial Development Construction Mortgage Multifamily Occupied Occupied and Other Unallocated Total Three Months Ended June 30, 2023 Allowance for Credit Losses for Loans: Beginning Balance $ 5,566 $ 3,169 806 $ 2,717 $ 20,989 $ 1,083 $ 15,744 $ 74 $ — $ 50,148 Provision for Credit Losses for Loans (129) 307 (152) 118 175 3 232 (4) — 550 Loans Charged-off — — — — — — — (3) — (3) Recoveries of Loans 2 — — 1 — — — 3 — 6 Total Ending Allowance Balance $ 5,439 $ 3,476 $ 654 $ 2,836 $ 21,164 $ 1,086 $ 15,976 $ 70 $ — $ 50,701 Six Months Ended June 30, 2023 Allowance for Credit Losses for Loans: Beginning Balance, Prior to Adoption of CECL $ 6,501 $ 3,911 845 $ 4,325 $ 17,459 $ 1,965 $ 12,576 $ 151 $ 263 $ 47,996 Impact of Adopting CECL (1,158) (1,070) (235) (1,778) 3,318 (943) 2,869 (90) (263) 650 Balance as of January 1, 2023, as Adjusted for Adoption of CECL 5,343 2,841 610 2,547 20,777 1,022 15,445 61 — 48,646 Provision for Credit Losses for Loans 91 635 44 287 387 64 531 11 — 2,050 Loans Charged-off — — — — — — — (7) — (7) Recoveries of Loans 5 — — 2 — — — 5 — 12 Total Ending Allowance Balance $ 5,439 $ 3,476 $ 654 $ 2,836 $ 21,164 $ 1,086 $ 15,976 $ 70 $ — $ 50,701
Summary of amortized cost basis of collateral dependent loans, by the primary collateral type, which are individually evaluated to determine expected credit losses, and the related ACL allocated	The following tables present the balance in the ACL and the recorded investment in loans, by segment, as of June 30, 2024 and December 31, 2023: Construction CRE CRE and Land 1-4 Family 1--4 Family Owner Non-owner Consumer (dollars in thousands) Commercial Development Construction Mortgage Multifamil y Occupied Occupied and Other Total ACL at June 30, 2024 Individually Evaluated for Impairment $ 34 $ — $ — $ — $ — $ — $ 211 $ — $ 245 Collectively Evaluated for Impairment 5,984 1,220 522 2,774 22,480 1,258 17,370 96 51,704 Totals $ 6,018 $ 1,220 $ 522 $ 2,774 $ 22,480 $ 1,258 $ 17,581 $ 96 $ 51,949 Construction CRE CRE and Land 1-4 Family 1--4 Family Owner Non-owner Consumer (dollars in thousands) Commercial Development Construction Mortgage Multifamil y Occupied Occupied and Other Total ACL at December 31, 2023 Individually Evaluated for Impairment $ 8 $ — $ — $ — $ — $ — $ 95 $ — $ 103 Collectively Evaluated for Impairment 5,390 2,156 558 2,651 22,217 1,184 16,130 105 50,391 Totals $ 5,398 $ 2,156 $ 558 $ 2,651 $ 22,217 $ 1,184 $ 16,225 $ 105 $ 50,494 Construction CRE CRE and Land 1-4 Family 1--4 Family Owner Non-owner Consumer (dollars in thousands) Commercial Development Construction Mortgage Multifamily Occupied Occupied and Other Total Loans at June 30, 2024 Individually Evaluated for Impairment $ 14,898 $ 68 $ — $ 652 $ — $ 986 $ 17,304 $ — $ 33,908 Collectively Evaluated for Impairment 503,864 134,028 60,551 416,292 1,404,835 185,002 1,052,746 9,159 3,766,477 Totals $ 518,762 $ 134,096 $ 60,551 $ 416,944 $ 1,404,835 $ 185,988 $ 1,070,050 $ 9,159 $ 3,800,385 Loans at December 31, 2023 Individually Evaluated for Impairment $ 16,143 $ 80 $ 249 $ 689 $ — $ 1,559 $ 17,138 $ — $ 35,858 Collectively Evaluated for Impairment 447,918 232,724 64,838 401,707 1,388,541 174,224 970,168 8,304 3,688,424 Totals $ 464,061 $ 232,804 $ 65,087 $ 402,396 $ 1,388,541 $ 175,783 $ 987,306 $ 8,304 $ 3,724,282 The following tables present the amortized cost basis of collateral dependent loans by the primary collateral type, which are individually evaluated to determine expected credit losses, and the related ACL allocated to these loans as of June 30, 2024 and December 31, 2023: Primary Type of Collateral Business ACL (dollars in thousands) Real Estate Assets Other Total Allocation June 30, 2024 Commercial $ — $ 4,540 $ 10,358 $ 14,898 $ 34 Construction and Land Development 68 — — 68 — Real Estate Mortgage: 1-4 Family Mortgage 652 — — 652 — CRE Owner Occupied 986 — — 986 — CRE Nonowner Occupied 17,304 — — 17,304 211 Totals $ 19,010 $ 4,540 $ 10,358 $ 33,908 $ 245 Primary Type of Collateral Business ACL (dollars in thousands) Real Estate Assets Other Total Allocation December 31, 2023 Commercial $ — $ 5,782 $ 10,361 $ 16,143 $ 8 Construction and Land Development 80 — — 80 — 1-4 Family Construction 249 — — 249 — Real Estate Mortgage: 1-4 Family Mortgage 689 — — 689 — CRE Owner Occupied 1,559 — — 1,559 — CRE Nonowner Occupied 17,138 — — 17,138 95 Totals $ 19,715 $ 5,782 $ 10,361 $ 35,858 $ 103

Deposits (Tables)

Deposits (Tables)	6 Months Ended
Deposits (Tables)	Jun. 30, 2024
Deposits [Abstract]
Schedule of composition of deposits	The following table presents the composition of deposits at June 30, 2024 and December 31, 2023: June 30, December 31, (dollars in thousands) 2024 2023 Transaction Deposits $ 1,457,743 $ 1,449,765 Savings and Money Market Deposits 943,994 935,091 Time Deposits 373,713 300,651 Brokered Deposits 1,032,262 1,024,441 Totals $ 3,807,712 $ 3,709,948
Summary of scheduled maturities of brokered and customer time deposits	The following table presents the scheduled maturities of brokered and customer time deposits at June 30, 2024: June 30, (dollars in thousands) 2024 Less than 1 Year $ 421,417 1 to 2 Years 441,536 2 to 3 Years 161,306 3 to 4 Years 132,381 4 to 5 Years 64,466 Greater than 5 Years 44,706 Totals $ 1,265,812

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	6 Months Ended
Derivative Instruments and Hedging Activities (Tables)	Jun. 30, 2024
Derivative Instruments and Hedging Activities
Schedule of derivative instruments eligible for offset	The following table summarizes gross and net information about derivative instruments that are eligible for offset in the balance sheet at June 30, 2024 and December 31, 2023: Gross Amounts Not Offset in the Balance Sheet Net Amounts of Gross Amounts Gross Amounts Assets (Liabilities) of Recognized Offset in the Presented in the Financial Cash Collateral Net Assets (dollars in thousands) Assets (Liabilities) Balance Sheet Balance Sheet Instruments Received (Paid) (Liabilities) June 30, 2024 Assets $ 34,845 $ — $ 34,845 $ — $ 35,843 $ (998) Liabilities (8,137) — (8,137) — — (8,137) December 31, 2023 Assets $ 32,589 $ — $ 32,589 $ — $ 31,783 $ 806 Liabilities (8,601) — (8,601) — — (8,601)
Effect of derivative instruments in cash flow hedging relationships	The following table presents the effect of derivative instruments in cash flow hedging relationships on the consolidated statements of income for the three and six months ended June 30, 2024 and 2023: Three Months Ended June 30, Six Months Ended June 30, (dollars in thousands) 2024 2023 2024 2023 Derivatives in Location of Gain (Loss) Gain (Loss) Gain (Loss) Cash Flow Hedging Reclassified Reclassified from Reclassified from Relationships from AOCI into Income AOCI into Earnings AOCI into Earnings Interest rate swaps Interest expense $ 1,475 $ 1,418 $ 3,071 $ 2,594 Interest rate caps Interest expense 854 (97) 1,561 (207)
Cash flow hedge
Derivative Instruments and Hedging Activities
Summary of interest rate derivatives	The following table presents a summary of the Company’s interest rate contracts as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Notional Estimated Notional Estimated (dollars in thousands) Amount Fair Value Amount Fair Value Interest rate swap agreements: Assets $ 135,500 $ 6,317 $ 135,000 $ 6,891 Liabilities 17,500 (88) 48,000 (1,620) Interest rate cap agreements: Assets 125,000 20,479 125,000 18,717
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 June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Notional Estimated Notional Estimated (dollars in thousands) Amount Fair Value Amount Fair Value Interest rate swap agreements: Assets $ 62,950 $ 8,049 $ 63,814 $ 6,981 Liabilities 62,950 (8,049) 63,814 (6,981) Total $ 125,900 $ — $ 127,628 $ —
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 June 30, 2024 and December 31, 2023: (dollars in thousands) June 30, 2024 December 31, 2023 Notional Amount $ 153,000 $ 183,000 Weighted Average Pay Rate 1.94 % 2.00 % Weighted Average Receive Rate 5.46 % 5.48 % Weighted Average Maturity (Years) 4.27 4.04 Net Unrealized Gain $ 6,229 $ 5,271
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 June 30, 2024 and December 31, 2023: (dollars in thousands) June 30, 2024 December 31, 2023 Notional Amount $ 125,000 $ 125,000 Unamortized Premium Paid 4,686 5,081 Weighted Average Strike Rate 0.96 % 0.96 % Weighted Average Maturity (Years) 5.85 6.34

Federal Home Loan Bank Advanc_2

Federal Home Loan Bank Advances and Other Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Federal Home Loan Bank Advances and Other Borrowings
Schedule of FHLB advances, by maturity	The following table presents information regarding FHLB advances, by maturity, at June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Weighted Weighted Average Total Average Total (dollars in thousands) Rate Outstanding Rate Outstanding Less than 1 Year 5.26 % $ 215,500 5.31 % $ 233,000 1 to 2 Years 4.06 17,500 4.31 25,000 2 to 3 Years 3.71 31,500 3.45 21,500 3 to 4 Years 4.01 22,500 3.94 17,500 4 to 5 Years — — 4.01 22,500 Totals $ 287,000 $ 319,500
Schedule of revolving line of credit	The following table presents information regarding the revolving line of credit at June 30, 2024 and December 31, 2023: Total Debt Total Debt Outstanding Outstanding Interest Name Maturity Date June 30, 2024 December 31, 2023 Rate Coupon Structure (dollars in thousands) Revolving Credit Facility September 1, 2024 $ 13,750 13,750 8.50 % Variable with Floor (1) (1) The variable interest rate is equal to the greater of Wall Street Journal Prime Rate in effect or a floor of 3.85% .

Subordinated Debentures (Tables

Subordinated Debentures (Tables)	6 Months Ended
Subordinated Debentures (Tables)	Jun. 30, 2024
Subordinated Debentures
Schedule of subordinated debentures	The following table presents a summary of the Company’s subordinated debentures as of June 30, 2024 and December 31, 2023: Total Debt Total Debt Date First Maturity Outstanding Outstanding Interest Name Established Redemption Date Date June 30, 2024 December 31, 2023 Rate Coupon Structure (dollars in thousands) 2030 Notes June 19, 2020 July 1, 2025 July 1, 2030 $ 50,000 $ 50,000 5.25 % Fixed-to-Floating (1) 2031 Notes July 8, 2021 July 15, 2026 July 15, 2031 30,000 30,000 3.25 % Fixed-to-Floating (2) Subordinated Debentures 80,000 80,000 Debt Issuance Costs (521) (712) Subordinated Debentures, Net of Issuance Costs $ 79,479 $ 79,288 (1) Migrates to three month term SOFR + 5.13% beginning July 1, 2025 until either the early redemption date or the maturity date. (2) Migrates to three month term SOFR + 2.52% beginning July 15, 2026 until either the early redemption date or the maturity date.

Tax Credit Investments (Tables)

Tax Credit Investments (Tables)	6 Months Ended
Tax Credit Investments (Tables)	Jun. 30, 2024
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 June 30, 2024 and December 31, 2023: (dollars in thousands) June 30, 2024 December 31, 2023 Investment Type Investment Unfunded Commitments (1) Investment Unfunded Commitments (1) Low Income Housing Tax Credit (LIHTC) $ 15,929 $ 340 $ 16,897 $ 7,579 Federal Historic Tax Credit (FHTC) 3,078 2,353 3,403 2,353 Total $ 19,007 $ 2,693 $ 20,300 $ 9,932 (1) All commitments are expected to be paid by the Company by June 30, 2025.
Schedule of amortization expense and tax benefit for qualified affordable housing projects and other tax credit investments	The following table presents a summary of the amortization expense and tax benefit recognized for the Company’s qualified affordable housing projects and other tax credit investments during the three and six months ended June 30, 2024 and 2023: Three Months Ended Six Months Ended June 30, June 30, (dollars in thousands) 2024 2023 2024 2023 Amortization Expense (1) LIHTC $ 488 $ 280 $ 980 $ 648 FHTC 162 109 325 217 Total $ 650 $ 389 $ 1,305 $ 865 Tax Benefit Recognized (2) LIHTC $ (670) $ (360) $ (1,341) $ (734) FHTC (216) (151) (431) (303) Total $ (886) $ (511) $ (1,772) $ (1,037) (1) The amortization expense for the LIHTC and FHTC investments are included in income tax expense . (2) All of the tax benefits recognized are included in income tax expense .

Commitments, Contingencies an_2

Commitments, Contingencies and Credit Risk (Tables)	6 Months Ended
Commitments, Contingencies and Credit Risk (Tables)	Jun. 30, 2024
Commitments, Contingencies and Credit Risk
Schedule of commitments outstanding	The following table presents information regarding commitments outstanding at June 30, 2024 and December 31, 2023: June 30, December 31, (dollars in thousands) 2024 2023 Unfunded Commitments Under Lines of Credit $ 518,267 $ 546,632 Letters of Credit 106,484 103,289 Totals $ 624,751 $ 649,921
Schedule of balance and activity in the allowance for credit losses for off-balance sheet credit exposures	The following table presents a summary of the activity in the allowance for credit losses for off-balance sheet credit exposures for the periods indicated: Three Months Ended Six Months Ended June 30, June 30, (dollars in thousands) 2024 2023 2024 2023 Allowance for Credit Losses: Beginning Balance, Prior to Adoption of CECL $ 2,885 $ 4,335 $ 2,985 $ 360 Impact of Adopting CECL — — — 4,850 Recovery of Off-Balance Sheet Credit Exposures — (500) (100) (1,375) Total Ending Balance $ 2,885 $ 3,835 $ 2,885 $ 3,835

Stock Options and Restricted _2

Stock Options and Restricted Stock (Tables)	6 Months Ended
Stock Options and Restricted Stock (Tables)	Jun. 30, 2024
Stock Options and Restricted Stock
Summary of the status of the Company's outstanding 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. The following table presents a summary of the status of the Company’s outstanding stock options for the six months ended June 30, 2024: June 30, 2024 Weighted Average Shares Exercise Price Outstanding at Beginning of Year 2,014,994 $ 10.57 Granted — — Exercised (8,500) 8.23 Forfeitures (30,000) 12.87 Outstanding at Period End 1,976,494 $ 10.54 Options Exercisable at Period End 1,404,869 $ 9.73
Summary of information pertaining to options outstanding based on range of exercise price	The following table presents information pertaining to options outstanding at June 30, 2024: 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 $ 3.00 - 3.99 10,000 $ 3.58 0.5 10,000 $ 3.58 7.00 - 7.99 888,466 7.47 3.2 888,466 7.47 8.00 - 8.99 12,500 8.76 5.7 12,500 8.76 10.00 - 10.99 249,000 10.63 8.9 10,000 10.08 11.00 - 11.99 262,500 11.15 7.9 75,000 11.29 12.00 - 12.99 263,528 12.90 5.1 263,528 12.90 17.00 - 17.99 290,500 17.50 7.6 145,375 17.50 Totals 1,976,494 $ 10.54 5.5 1,404,869 $ 9.73
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 six months ended June 30, 2024: Weighted Number of Average Grant Shares Date Fair Value Nonvested Options at December 31, 2023 666,250 $ 5.09 Granted — — Vested (89,625) 5.05 Forfeited (5,000) 4.19 Nonvested Options at June 30, 2024 571,625 $ 5.10
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 six months ended June 30, 2024: Weighted Number of Average Grant Shares Date Fair Value Nonvested at December 31, 2023 3,411 $ 10.53 Granted — — Vested (2,786) 10.32 Forfeited — — Nonvested at June 30, 2024 625 $ 11.47
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 six months ended June 30, 2024: Weighted Number of Average Grant Units Date Fair Value Nonvested at December 31, 2023 441,015 $ 14.71 Granted 63,184 11.89 Vested (22,665) 15.63 Forfeited (10,276) 14.75 Nonvested at June 30, 2024 471,258 $ 14.29

Regulatory Capital (Tables)

Regulatory Capital (Tables)	6 Months Ended
Regulatory Capital (Tables)	Jun. 30, 2024
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 June 30, 2024 and December 31, 2023: 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 June 30, 2024 Company (Consolidated): Total Risk-based Capital $ 579,988 14.16 % $ 327,576 8.00 % $ 429,943 10.50 % N/A N/A Tier 1 Risk-based Capital 451,764 11.03 245,682 6.00 348,049 8.50 N/A N/A Common Equity Tier 1 Capital 385,250 9.41 184,261 4.50 286,629 7.00 N/A N/A Tier 1 Leverage Ratio 451,764 9.66 187,110 4.00 187,110 4.00 N/A N/A Bank: Total Risk-based Capital $ 572,981 14.01 % $ 327,129 8.00 % $ 429,357 10.50 % $ 408,912 10.00 % Tier 1 Risk-based Capital 524,306 12.82 245,347 6.00 347,575 8.50 327,129 8.00 Common Equity Tier 1 Capital 524,306 12.82 184,010 4.50 286,238 7.00 265,793 6.50 Tier 1 Leverage Ratio 524,306 11.22 186,895 4.00 186,895 4.00 233,619 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, 2023 Company (Consolidated): Total Risk-based Capital $ 570,770 13.97 % $ 326,872 8.00 % $ 429,019 10.50 % N/A N/A Tier 1 Risk-based Capital 440,947 10.79 245,154 6.00 347,301 8.50 N/A N/A Common Equity Tier 1 Capital 374,433 9.16 183,865 4.50 286,013 7.00 N/A N/A Tier 1 Leverage Ratio 440,947 9.57 184,383 4.00 184,383 4.00 N/A N/A Bank: Total Risk-based Capital $ 554,269 13.58 % $ 326,528 8.00 % $ 428,568 10.50 % $ 408,160 10.00 % Tier 1 Risk-based Capital 503,787 12.34 244,896 6.00 346,936 8.50 326,528 8.00 Common Equity Tier 1 Capital 503,787 12.34 183,672 4.50 285,712 7.00 265,304 6.50 Tier 1 Leverage Ratio 503,787 10.95 184,037 4.00 184,037 4.00 230,047 5.00

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended
Fair Value Measurement (Tables)	Jun. 30, 2024
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. There have been no changes in methodologies used as of June 30, 2024. The following tables present the balances of assets and liabilities measured at fair value on a recurring basis as of June 30, 2024 and December 31, 2023: June 30, 2024 (dollars in thousands) Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: Securities Available for Sale: Municipal Bonds $ — $ 132,551 $ — $ 132,551 Mortgage-Backed Securities — 203,901 — 203,901 Corporate Securities — 140,297 — 140,297 SBA Securities — 15,908 — 15,908 Asset-Backed Securities — 108,400 — 108,400 Interest Rate Caps — 20,479 — 20,479 Interest Rate Swaps — 14,366 — 14,366 Total Fair Value of Financial Assets $ — $ 635,902 $ — $ 635,902 Fair Value of Financial Liabilities: Interest Rate Swaps $ — $ 8,137 $ — $ 8,137 Total Fair Value of Financial Liabilities $ — $ 8,137 $ — $ 8,137 December 31, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Total Fair Value of Financial Assets: Securities Available for Sale: Municipal Bonds $ — $ 132,524 $ — $ 132,524 Mortgage-Backed Securities — 235,315 — 235,315 Corporate Securities — 130,605 — 130,605 SBA Securities — 18,674 — 18,674 Asset-Backed Securities — 86,986 — 86,986 Interest Rate Caps — 18,717 — 18,717 Interest Rate Swaps — 13,872 — 13,872 Total Fair Value of Financial Assets $ — $ 636,693 $ — $ 636,693 Fair Value of Financial Liabilities: Interest Rate Swaps $ — $ 8,601 $ — $ 8,601 Total Fair Value of Financial Liabilities $ — $ 8,601 $ — $ 8,601
Summary of net impairment losses related to nonrecurring fair value measurements of certain asset	The following tables present net impairment losses related to nonrecurring fair value measurements of certain assets at June 30, 2024 and December 31, 2023: June 30, 2024 (dollars in thousands) Level 1 Level 2 Level 3 Loss Individually Evaluated Loans $ — $ — $ 9,287 $ 245 Totals $ — $ — $ 9,287 $ 245 December 31, 2023 (dollars in thousands) Level 1 Level 2 Level 3 Loss Individually Evaluated Loans $ — $ — $ 9,602 $ 199 Totals $ — $ — $ 9,602 $ 199
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 June 30, 2024 and December 31, 2023: June 30, 2024 Fair Value Hierarchy Carrying Estimated (dollars in thousands) Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and Due From Banks $ 134,093 $ 134,093 $ — $ — $ 134,093 Securities Available for Sale 601,057 — 601,057 — 601,057 FHLB Stock, at Cost 15,844 — 15,844 — 15,844 Loans, Net 3,742,222 — 3,632,015 9,287 3,641,302 Accrued Interest Receivable 16,944 — 16,944 — 16,944 Interest Rate Caps 20,479 — 20,479 — 20,479 Interest Rate Swaps 14,366 — 14,366 — 14,366 Financial Liabilities: Deposits $ 3,807,712 $ — $ 3,802,481 $ — $ 3,802,481 Notes Payable 13,750 — 13,753 — 13,753 FHLB Advances 287,000 — 285,758 — 285,758 Subordinated Debentures 79,479 — 79,095 — 79,095 Accrued Interest Payable 3,999 — 3,999 — 3,999 Interest Rate Swaps 8,137 — 8,137 — 8,137 December 31, 2023 Fair Value Hierarchy Carrying Estimated (dollars in thousands) Amount Level 1 Level 2 Level 3 Fair Value Financial Assets: Cash and Due From Banks $ 128,562 $ 128,562 $ — $ — $ 128,562 Securities Available for Sale 604,104 — 604,104 — 604,104 FHLB Stock, at Cost 17,097 — 17,097 — 17,097 Loans, Net 3,667,215 — 3,579,583 9,602 3,589,185 Accrued Interest Receivable 16,697 — 16,697 — 16,697 Interest Rate Caps 18,717 — 18,717 — 18,717 Interest Rate Swaps 13,872 — 13,872 — 13,872 Financial Liabilities: Deposits $ 3,709,948 $ — $ 3,709,086 $ — $ 3,709,086 Notes Payable 13,750 — 13,805 — 13,805 FHLB Advances 319,500 — 319,305 — 319,305 Subordinated Debentures 79,288 — 77,557 — 77,557 Accrued Interest Payable 5,282 — 5,282 — 5,282 Interest Rate Swaps 8,601 — 8,601 — 8,601

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	6 Months Ended
Accumulated Other Comprehensive Income (Tables)	Jun. 30, 2024
Accumulated Other Comprehensive Income
Summary of components of other comprehensive income (loss)	The following tables present the components of other comprehensive income for the three and six months ended June 30, 2024 and 2023: (dollars in thousands) Before Tax Tax Effect Net of Tax Three Months Ended June 30, 2024 Net Unrealized Gain on Available for Sale Securities $ 1,168 $ (336) $ 832 Less: Reclassification Adjustment for Net Gains Included in Net Income (320) 92 (228) Total Unrealized Gain 848 (244) 604 Net Unrealized Gain on Cash Flow Hedge 2,036 (585) 1,451 Less: Reclassification Adjustment for Gains Included in Net Income (2,329) 670 (1,659) Total Unrealized Loss (293) 85 (208) Other Comprehensive Income $ 555 $ (159) $ 396 Three Months Ended June 30, 2023 Net Unrealized Loss on Available for Sale Securities $ (9,430) $ 2,710 $ (6,720) Less: Reclassification Adjustment for Net Gains Included in Net Income (50) 14 (36) Total Unrealized Loss (9,480) 2,724 (6,756) Net Unrealized Gain on Cash Flow Hedge 6,573 (1,888) 4,685 Less: Reclassification Adjustment for Gains Included in Net Income (1,320) 379 (941) Total Unrealized Gain 5,253 (1,509) 3,744 Other Comprehensive Loss $ (4,227) $ 1,215 $ (3,012) (dollars in thousands) Before Tax Tax Effect Net of Tax Six Months Ended June 30, 2024 Net Unrealized Gain on Available for Sale Securities $ 1,403 $ (403) $ 1,000 Less: Reclassification Adjustment for Net Gains Included in Net Income (413) 119 (294) Total Unrealized Gain 990 (284) 706 Net Unrealized Gain on Cash Flow Hedge 7,748 (2,227) 5,521 Less: Reclassification Adjustment for Gains Included in Net Income (4,632) 1,331 (3,301) Total Unrealized Gain 3,116 (896) 2,220 Other Comprehensive Income $ 4,106 $ (1,180) $ 2,926 Six Months Ended June 30, 2023 Net Unrealized Loss on Available for Sale Securities $ (4,187) $ 1,204 $ (2,983) Less: Reclassification Adjustment for Net Losses Included in Net Income 6 (2) 4 Total Unrealized Loss (4,181) 1,202 (2,979) Net Unrealized Gain on Cash Flow Hedge 2,404 (690) 1,714 Less: Reclassification Adjustment for Gains Included in Net Income (2,387) 686 (1,701) Total Unrealized Gain 17 (4) 13 Other Comprehensive Loss $ (4,164) $ 1,198 $ (2,966)
Summary of changes in each component of accumulated other comprehensive income (loss), net of tax	The following tables present the changes in each component of accumulated other comprehensive income, net of tax, for the three and six months ended June 30, 2024 and 2023: Accumulated Available For Other Comprehensive (dollars in thousands) Sale Securities Cash Flow Hedge Income (Loss) Three Months Ended June 30, 2024 Balance at Beginning of Period $ (31,618) $ 15,902 $ (15,716) Other Comprehensive Income Before Reclassifications 832 1,451 2,283 Amounts Reclassified from Accumulated Other Comprehensive Income (228) (1,659) (1,887) Net Other Comprehensive Income During Period 604 (208) 396 Balance at End of Period $ (31,014) $ 15,694 $ (15,320) Three Months Ended June 30, 2023 Balance at Beginning of Period $ (30,347) $ 12,451 $ (17,896) Other Comprehensive Income (Loss) Before Reclassifications (6,720) 4,685 (2,035) Amounts Reclassified from Accumulated Other Comprehensive Income (36) (941) (977) Net Other Comprehensive Income (Loss) During Period (6,756) 3,744 (3,012) Balance at End of Period $ (37,103) $ 16,195 $ (20,908) Accumulated Available For Other Comprehensive (dollars in thousands) Sale Securities Cash Flow Hedge Income (Loss) Six Months Ended June 30, 2024 Balance at Beginning of Period $ (31,720) $ 13,474 $ (18,246) Other Comprehensive Income Before Reclassifications 1,000 5,521 6,521 Amounts Reclassified from Accumulated Other Comprehensive Income (294) (3,301) (3,595) Net Other Comprehensive Income During Period 706 2,220 2,926 Balance at End of Period $ (31,014) $ 15,694 $ (15,320) Six Months Ended June 30, 2023 Balance at Beginning of Period $ (34,124) $ 16,182 $ (17,942) Other Comprehensive Income (Loss) Before Reclassifications (2,983) 1,714 (1,269) Amounts Reclassified from Accumulated Other Comprehensive Income 4 (1,701) (1,697) Net Other Comprehensive Income (Loss) During Period (2,979) 13 (2,966) Balance at End of Period $ (37,103) $ 16,195 $ (20,908)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Earnings Per Share [Abstract]
Anti dilutive securities excluded from the calculation of EPS	1,234,583	1,034,634	1,151,825	896,321
Net Income Available to Common Shareholders	$ 7,101	$ 8,802	$ 13,919	$ 19,431
Weighted Average Common Stock Outstanding:
Weighted Average Common Stock Outstanding (Basic)	27,386,713	27,886,425	27,539,057	27,807,100
Dilutive Effect of Stock Compensation	361,471	312,314	382,544	543,605
Weighted Average Common Stock Outstanding (Dilutive)	27,748,184	28,198,739	27,921,601	28,350,705
Basic Earnings per Common Share (in dollars per share)	$ 0.26	$ 0.32	$ 0.51	$ 0.70
Diluted Earnings per Common Share (in dollars per share)	$ 0.26	$ 0.31	$ 0.50	$ 0.69

Securities - Securities Availab

Securities - Securities Available for Sale (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized cost	$ 644,579	$ 648,616
Gross Unrealized Gains	2,370	3,330
Gross Unrealized Losses	(45,892)	(47,842)
Fair value	601,057	604,104
Asset Pledged as Collateral
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Fair value	169,100	170,700
Municipal Bonds
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized cost	152,030	151,512
Gross Unrealized Gains	36	47
Gross Unrealized Losses	(19,515)	(19,035)
Fair value	132,551	132,524
Mortgage-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized cost	219,912	249,455
Gross Unrealized Gains	922	2,261
Gross Unrealized Losses	(16,933)	(16,401)
Fair value	203,901	235,315
Corporate Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized cost	149,103	142,098
Gross Unrealized Gains	486	386
Gross Unrealized Losses	(9,292)	(11,879)
Fair value	140,297	130,605
SBA Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized cost	15,708	18,497
Gross Unrealized Gains	267	279
Gross Unrealized Losses	(67)	(102)
Fair value	15,908	18,674
Asset-Backed Securities
The amortized cost and estimated fair value of securities with gross unrealized gains and losses
Amortized cost	107,826	87,054
Gross Unrealized Gains	659	357
Gross Unrealized Losses	(85)	(425)
Fair value	$ 108,400	$ 86,986

Securities - Continuous Unreali

Securities - Continuous Unrealized Loss Position (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024 USD ($) security	Dec. 31, 2023 USD ($) 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
Number of Holdings with unrealized losses \| security	499	521
Less Than 12 Months, Fair Value	$ 74,017	$ 95,041
Less Than 12 Months, Unrealized Losses	(628)	(1,320)
12 Months or Greater, Fair Value	361,783	378,544
12 Months or Greater, Unrealized Losses	(45,264)	(46,522)
Fair Value	435,800	473,585
Unrealized Losses	$ (45,892)	$ (47,842)
Percentage debt securities with aggregate depreciation from amortized cost basis	9.50%	9.20%
Allowance for available for sale securities	$ 0	$ 0
Accrued interest receivable on securities	$ 5,300	$ 4,900
Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable	Interest Receivable
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
Number of Holdings with unrealized losses \| security	214	212
Less Than 12 Months, Fair Value	$ 8,030	$ 4,052
Less Than 12 Months, Unrealized Losses	(50)	(17)
12 Months or Greater, Fair Value	121,333	120,527
12 Months or Greater, Unrealized Losses	(19,465)	(19,018)
Fair Value	129,363	124,579
Unrealized Losses	$ (19,515)	$ (19,035)
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
Number of Holdings with unrealized losses \| security	123	128
Less Than 12 Months, Fair Value	$ 28,646	$ 35,719
Less Than 12 Months, Unrealized Losses	(292)	(310)
12 Months or Greater, Fair Value	121,135	135,829
12 Months or Greater, Unrealized Losses	(16,641)	(16,091)
Fair Value	149,781	171,548
Unrealized Losses	$ (16,933)	$ (16,401)
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
Number of Holdings with unrealized losses \| security	112	110
Less Than 12 Months, Fair Value	$ 17,224	$ 14,528
Less Than 12 Months, Unrealized Losses	(236)	(756)
12 Months or Greater, Fair Value	105,083	101,311
12 Months or Greater, Unrealized Losses	(9,056)	(11,123)
Fair Value	122,307	115,839
Unrealized Losses	$ (9,292)	$ (11,879)
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
Number of Holdings with unrealized losses \| security	38	47
Less Than 12 Months, Fair Value	$ 715	$ 1,731
Less Than 12 Months, Unrealized Losses	(2)	(3)
12 Months or Greater, Fair Value	5,835	7,072
12 Months or Greater, Unrealized Losses	(65)	(99)
Fair Value	6,550	8,803
Unrealized Losses	$ (67)	$ (102)
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
Number of Holdings with unrealized losses \| security	12	24
Less Than 12 Months, Fair Value	$ 19,402	$ 39,011
Less Than 12 Months, Unrealized Losses	(48)	(234)
12 Months or Greater, Fair Value	8,397	13,805
12 Months or Greater, Unrealized Losses	(37)	(191)
Fair Value	27,799	52,816
Unrealized Losses	$ (85)	$ (425)

Securities - Contractual Maturi

Securities - Contractual Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Contractual maturities, amortized cost
Due in One Year or Less	$ 22,870
Due After One Year Through Five Years	54,344
Due After Five Years Through 10 Years	192,318
Due After 10 Years	31,601
Subtotal	301,133
Totals	644,579	$ 648,616
Contractual maturities, fair value
Due in One Year or Less	22,879
Due After One Year Through Five Years	52,845
Due After Five Years Through 10 Years	172,198
Due After 10 Years	24,926
Subtotal	272,848
Totals	601,057	604,104
Mortgage-Backed Securities
Contractual maturities, amortized cost
Contractual securities	219,912
Totals	219,912	249,455
Contractual maturities, fair value
Contractual securities	203,901
Totals	203,901	235,315
SBA Securities
Contractual maturities, amortized cost
Contractual securities	15,708
Totals	15,708	18,497
Contractual maturities, fair value
Contractual securities	15,908
Totals	15,908	18,674
Asset-Backed Securities
Contractual maturities, amortized cost
Contractual securities	107,826
Totals	107,826	87,054
Contractual maturities, fair value
Contractual securities	108,400
Totals	$ 108,400	$ 86,986

Securities - Available for Sale

Securities - Available for Sale Securities Gross Realized Gain Loss (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Summary of the proceeds from sales of securities available for sale, as well as gross gains and losses
Proceeds From Sales of Securities	$ 38,049	$ 7,017	$ 50,833	$ 26,976
Gross Gains on Sales	$ 320	$ 50	1,106	247
Gross Losses on Sales			$ (693)	$ (253)

Loans and Allowance for Credi_3

Loans and Allowance for Credit Losses - Components of loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Mar. 31, 2023	Dec. 31, 2022
Components of loans
Total Loans, Gross	$ 3,800,385		$ 3,724,282
Allowance for Credit Losses	(51,949)	$ (51,347)	(50,494)	$ (50,701)	$ (50,148)	$ (47,996)
Net Deferred Loan Fees	(6,214)		(6,573)
Total Loans, Net	3,742,222		3,667,215
Commercial
Components of loans
Total Loans, Gross	518,762		464,061
Allowance for Credit Losses	(6,018)	(5,607)	(5,398)	(5,439)	(5,566)	(6,501)
Construction and Land Development
Components of loans
Total Loans, Gross	134,096		232,804
Allowance for Credit Losses	(1,220)	(1,828)	(2,156)	(3,476)	(3,169)	(3,911)
1-4 Family Construction
Components of loans
Total Loans, Gross	60,551		65,087
Allowance for Credit Losses	(522)	(577)	(558)	(654)	(806)	(845)
Real Estate Mortgage
Components of loans
Total Loans, Gross	3,077,817		2,954,026
1-4 Family Mortgage
Components of loans
Total Loans, Gross	416,944		402,396
Allowance for Credit Losses	(2,774)	(2,754)	(2,651)	(2,836)	(2,717)	(4,325)
Multifamily
Components of loans
Total Loans, Gross	1,404,835		1,388,541
Allowance for Credit Losses	(22,480)	(22,230)	(22,217)	(21,164)	(20,989)	(17,459)
CRE Owner Occupied
Components of loans
Total Loans, Gross	185,988		175,783
Allowance for Credit Losses	(1,258)	(1,235)	(1,184)	(1,086)	(1,083)	(1,965)
CRE Non-owner Occupied
Components of loans
Total Loans, Gross	1,070,050		987,306
Allowance for Credit Losses	(17,581)	(17,005)	(16,225)	(15,976)	(15,744)	(12,576)
Consumer and other
Components of loans
Total Loans, Gross	9,159		8,304
Allowance for Credit Losses	$ (96)	$ (111)	$ (105)	$ (70)	$ (74)	$ (151)

Loans and Allowance for Credi_4

Loans and Allowance for Credit Losses - Aging in past due loans and nonaccrual status, with and without an ACL, by loan segment (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Aging of the recorded investment in past due loans by loan segment
Nonaccrual with ACL	$ 80
Nonaccrual without ACL	598	$ 919
Totals	3,800,385	3,724,282
Current
Aging of the recorded investment in past due loans by loan segment
Totals	3,799,205	3,708,253
30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Totals	502	15,110
Commercial
Aging of the recorded investment in past due loans by loan segment
Nonaccrual with ACL	80
Nonaccrual without ACL	95	95
Totals	518,762	464,061
Commercial \| Current
Aging of the recorded investment in past due loans by loan segment
Totals	518,085	463,966
Commercial \| 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Totals	502
Construction and Land Development
Aging of the recorded investment in past due loans by loan segment
Nonaccrual without ACL	68	80
Totals	134,096	232,804
Construction and Land Development \| Current
Aging of the recorded investment in past due loans by loan segment
Totals	134,028	232,724
1-4 Family Construction
Aging of the recorded investment in past due loans by loan segment
Nonaccrual without ACL		249
Totals	60,551	65,087
1-4 Family Construction \| Current
Aging of the recorded investment in past due loans by loan segment
Totals	60,551	64,838
1-4 Family Mortgage
Aging of the recorded investment in past due loans by loan segment
Totals	416,944	402,396
1-4 Family Mortgage \| Current
Aging of the recorded investment in past due loans by loan segment
Totals	416,944	402,396
Multifamily
Aging of the recorded investment in past due loans by loan segment
Totals	1,404,835	1,388,541
Multifamily \| Current
Aging of the recorded investment in past due loans by loan segment
Totals	1,404,835	1,373,431
Multifamily \| 30-89 Days Past Due
Aging of the recorded investment in past due loans by loan segment
Totals		15,110
CRE Owner Occupied
Aging of the recorded investment in past due loans by loan segment
Nonaccrual without ACL		494
Totals	185,988	175,783
CRE Owner Occupied \| Current
Aging of the recorded investment in past due loans by loan segment
Totals	185,988	175,289
CRE Non-owner Occupied
Aging of the recorded investment in past due loans by loan segment
Nonaccrual without ACL	435
Totals	1,070,050	987,306
CRE Non-owner Occupied \| Current
Aging of the recorded investment in past due loans by loan segment
Totals	1,069,615	987,306
Consumer and other
Aging of the recorded investment in past due loans by loan segment
Nonaccrual without ACL		1
Totals	9,159	8,304
Consumer and other \| Current
Aging of the recorded investment in past due loans by loan segment
Totals	$ 9,159	$ 8,303

Loans and Allowance for Credi_5

Loans and Allowance for Credit Losses - Risk category of loans by loan segment (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Loan Balances
2024 and 2023, respectively	$ 477,328	$ 722,488
2023 and 2022, respectively	554,093	1,180,208
2022 and 2021, respectively	1,114,045	897,987
2021 and 2020, respectively	754,880	368,983
2020 and 2019, respectively	348,652	162,578
Prior	262,017	130,218
Revolving	289,370	261,820
Totals	3,800,385	3,724,282
Write-offs
2024 and 2023, respectively	11	114
2023 and 2022, respectively		96
2022 and 2021, respectively		12
Revolving	1	2
Total	12	224
Commercial
Loan Balances
2024 and 2023, respectively	71,471	95,002
2023 and 2022, respectively	73,023	132,891
2022 and 2021, respectively	110,934	37,090
2021 and 2020, respectively	30,248	19,297
2020 and 2019, respectively	16,417	18,594
Prior	21,113	4,557
Revolving	195,556	156,630
Totals	518,762	464,061
Write-offs
2024 and 2023, respectively		72
2023 and 2022, respectively		96
2022 and 2021, respectively		12
Total		180
Commercial \| Pass
Loan Balances
2024 and 2023, respectively	71,471	93,299
2023 and 2022, respectively	72,979	121,274
2022 and 2021, respectively	99,891	37,056
2021 and 2020, respectively	30,248	19,297
2020 and 2019, respectively	16,417	18,594
Prior	21,113	4,507
Revolving	191,250	149,836
Totals	503,369	443,863
Commercial \| Watch
Loan Balances
2024 and 2023, respectively		1,700
2023 and 2022, respectively		318
2022 and 2021, respectively		34
Revolving	495	2,003
Totals	495	4,055
Commercial \| Substandard
Loan Balances
2024 and 2023, respectively		3
2023 and 2022, respectively	44	11,299
2022 and 2021, respectively	11,043
Prior		50
Revolving	3,811	4,791
Totals	14,898	16,143
Construction and Land Development
Loan Balances
2024 and 2023, respectively	35,645	87,402
2023 and 2022, respectively	60,671	99,213
2022 and 2021, respectively	29,697	34,122
2021 and 2020, respectively	1,033	46
2020 and 2019, respectively	35
Revolving	7,015	12,021
Totals	134,096	232,804
Construction and Land Development \| Pass
Loan Balances
2024 and 2023, respectively	35,645	87,402
2023 and 2022, respectively	60,671	99,133
2022 and 2021, respectively	29,629	34,122
2021 and 2020, respectively	1,033	46
2020 and 2019, respectively	35
Revolving	7,015	12,021
Totals	134,028	232,724
Construction and Land Development \| Substandard
Loan Balances
2023 and 2022, respectively		80
2022 and 2021, respectively	68
Totals	68	80
1-4 Family Construction
Loan Balances
2024 and 2023, respectively	12,143	35,421
2023 and 2022, respectively	22,251	16,156
2022 and 2021, respectively	16,841	941
2021 and 2020, respectively	996	355
Revolving	8,320	12,214
Totals	60,551	65,087
1-4 Family Construction \| Pass
Loan Balances
2024 and 2023, respectively	12,143	35,172
2023 and 2022, respectively	22,251	16,156
2022 and 2021, respectively	16,841	941
2021 and 2020, respectively	996	355
Revolving	8,320	12,214
Totals	60,551	64,838
1-4 Family Construction \| Substandard
Loan Balances
2024 and 2023, respectively		249
Totals		249
Real Estate Mortgage
Loan Balances
2024 and 2023, respectively	357,588	501,755
2023 and 2022, respectively	395,424	931,692
2022 and 2021, respectively	956,388	825,825
2021 and 2020, respectively	722,599	347,825
2020 and 2019, respectively	330,868	143,978
Prior	240,904	125,661
Revolving	74,046	77,290
Totals	3,077,817	2,954,026
1-4 Family Mortgage
Loan Balances
2024 and 2023, respectively	50,291	74,602
2023 and 2022, respectively	58,791	106,085
2022 and 2021, respectively	99,314	83,525
2021 and 2020, respectively	77,375	52,813
2020 and 2019, respectively	51,170	18,789
Prior	18,262	4,062
Revolving	61,741	62,520
Totals	416,944	402,396
1-4 Family Mortgage \| Pass
Loan Balances
2024 and 2023, respectively	50,291	74,602
2023 and 2022, respectively	58,791	106,085
2022 and 2021, respectively	99,314	83,525
2021 and 2020, respectively	77,375	52,813
2020 and 2019, respectively	51,170	18,789
Prior	17,610	3,403
Revolving	61,741	62,490
Totals	416,292	401,707
1-4 Family Mortgage \| Substandard
Loan Balances
Prior	652	659
Revolving		30
Totals	652	689
Multifamily
Loan Balances
2024 and 2023, respectively	151,144	194,994
2023 and 2022, respectively	139,881	456,179
2022 and 2021, respectively	472,435	444,162
2021 and 2020, respectively	378,688	196,784
2020 and 2019, respectively	185,414	41,998
Prior	71,391	45,847
Revolving	5,882	8,577
Totals	1,404,835	1,388,541
Multifamily \| Pass
Loan Balances
2024 and 2023, respectively	151,144	192,078
2023 and 2022, respectively	126,929	456,179
2022 and 2021, respectively	472,435	444,162
2021 and 2020, respectively	378,688	196,784
2020 and 2019, respectively	185,414	41,998
Prior	71,391	45,847
Revolving	5,882	8,577
Totals	1,391,883	1,385,625
Multifamily \| Watch
Loan Balances
2024 and 2023, respectively		2,916
2023 and 2022, respectively	12,952
Totals	12,952	2,916
CRE Owner Occupied
Loan Balances
2024 and 2023, respectively	18,723	36,449
2023 and 2022, respectively	31,596	61,724
2022 and 2021, respectively	63,173	41,242
2021 and 2020, respectively	39,034	20,610
2020 and 2019, respectively	20,013	4,903
Prior	11,124	9,183
Revolving	2,325	1,672
Totals	185,988	175,783
CRE Owner Occupied \| Pass
Loan Balances
2024 and 2023, respectively	18,723	36,255
2023 and 2022, respectively	30,610	61,724
2022 and 2021, respectively	63,173	40,748
2021 and 2020, respectively	37,304	20,610
2020 and 2019, respectively	20,013	4,903
Prior	11,124	8,312
Revolving	2,325	1,672
Totals	183,272	174,224
CRE Owner Occupied \| Watch
Loan Balances
2021 and 2020, respectively	1,730
Totals	1,730
CRE Owner Occupied \| Substandard
Loan Balances
2024 and 2023, respectively		194
2023 and 2022, respectively	986
2022 and 2021, respectively		494
Prior		871
Totals	986	1,559
CRE Non-owner Occupied
Loan Balances
2024 and 2023, respectively	137,430	195,710
2023 and 2022, respectively	165,156	307,704
2022 and 2021, respectively	321,466	256,896
2021 and 2020, respectively	227,502	77,618
2020 and 2019, respectively	74,271	78,288
Prior	140,127	66,569
Revolving	4,098	4,521
Totals	1,070,050	987,306
CRE Non-owner Occupied \| Pass
Loan Balances
2024 and 2023, respectively	119,222	164,226
2023 and 2022, respectively	155,900	305,749
2022 and 2021, respectively	319,534	253,683
2021 and 2020, respectively	224,335	77,618
2020 and 2019, respectively	74,271	78,288
Prior	140,127	66,569
Revolving	4,098	4,521
Totals	1,037,487	950,654
CRE Non-owner Occupied \| Watch
Loan Balances
2024 and 2023, respectively	8,828	16,301
2023 and 2022, respectively	3,698
2022 and 2021, respectively		3,213
2021 and 2020, respectively	2,733
Totals	15,259	19,514
CRE Non-owner Occupied \| Substandard
Loan Balances
2024 and 2023, respectively	9,380	15,183
2023 and 2022, respectively	5,558	1,955
2022 and 2021, respectively	1,932
2021 and 2020, respectively	434
Totals	17,304	17,138
Consumer and other
Loan Balances
2024 and 2023, respectively	481	2,908
2023 and 2022, respectively	2,724	256
2022 and 2021, respectively	185	9
2021 and 2020, respectively	4	1,460
2020 and 2019, respectively	1,332	6
Revolving	4,433	3,665
Totals	9,159	8,304
Write-offs
2024 and 2023, respectively	11	42
Revolving	1	2
Total	12	44
Consumer and other \| Pass
Loan Balances
2024 and 2023, respectively	481	2,908
2023 and 2022, respectively	2,724	256
2022 and 2021, respectively	185	9
2021 and 2020, respectively	4	1,460
2020 and 2019, respectively	1,332	6
Revolving	4,433	3,665
Totals	$ 9,159	$ 8,304

Loans and Allowance for Credi_6

Loans and Allowance for Credit Losses - Allowance for loan losses by segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Allowance for Loan Losses:
Beginning Balance	$ 51,347	$ 50,148	$ 50,494	$ 47,996	$ 47,996
Provision for Credit Losses on Loans	600	550	1,450	2,050
Loans Charged-off	(10)	(3)	(12)	(7)
Recoveries of Loans	12	6	17	12
Total Ending Allowance Balance	51,949	50,701	51,949	50,701	50,494
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment	245		245		103
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	51,704		51,704		50,391
Loans and Leases Receivable, Allowance, Total	51,949	50,701	51,949	50,701	50,494
Loans, Individually Evaluated for Impairment	33,908		33,908		35,858
Loans, Collectively Evaluated for Impairment	3,766,477		3,766,477		3,688,424
Totals	3,800,385		3,800,385		3,724,282
Cumulative Effect of Change
Allowance for Loan Losses:
Beginning Balance				650	650
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Adjusted for Change in Accounting Principle
Allowance for Loan Losses:
Beginning Balance				48,646	48,646
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Commercial
Allowance for Loan Losses:
Beginning Balance	5,607	5,566	5,398	6,501	6,501
Provision for Credit Losses on Loans	409	(129)	615	91
Recoveries of Loans	2	2	5	5
Total Ending Allowance Balance	6,018	5,439	6,018	5,439	5,398
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment	34		34		8
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	5,984		5,984		5,390
Loans and Leases Receivable, Allowance, Total	6,018	5,439	6,018	5,439	5,398
Loans, Individually Evaluated for Impairment	14,898		14,898		16,143
Loans, Collectively Evaluated for Impairment	503,864		503,864		447,918
Totals	518,762		518,762		464,061
Commercial \| Cumulative Effect of Change
Allowance for Loan Losses:
Beginning Balance				(1,158)	(1,158)
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Commercial \| Adjusted for Change in Accounting Principle
Allowance for Loan Losses:
Beginning Balance				5,343	5,343
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Construction and Land Development
Allowance for Loan Losses:
Beginning Balance	1,828	3,169	2,156	3,911	3,911
Provision for Credit Losses on Loans	(608)	307	(936)	635
Total Ending Allowance Balance	1,220	3,476	1,220	3,476	2,156
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	1,220		1,220		2,156
Loans and Leases Receivable, Allowance, Total	1,220	3,476	1,220	3,476	2,156
Loans, Individually Evaluated for Impairment	68		68		80
Loans, Collectively Evaluated for Impairment	134,028		134,028		232,724
Totals	134,096		134,096		232,804
Construction and Land Development \| Cumulative Effect of Change
Allowance for Loan Losses:
Beginning Balance				(1,070)	(1,070)
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Construction and Land Development \| Adjusted for Change in Accounting Principle
Allowance for Loan Losses:
Beginning Balance				2,841	2,841
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
1-4 Family Construction
Allowance for Loan Losses:
Beginning Balance	577	806	558	845	845
Provision for Credit Losses on Loans	(55)	(152)	(36)	44
Total Ending Allowance Balance	522	654	522	654	558
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	522		522		558
Loans and Leases Receivable, Allowance, Total	522	654	522	654	558
Loans, Individually Evaluated for Impairment					249
Loans, Collectively Evaluated for Impairment	60,551		60,551		64,838
Totals	60,551		60,551		65,087
1-4 Family Construction \| Cumulative Effect of Change
Allowance for Loan Losses:
Beginning Balance				(235)	(235)
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
1-4 Family Construction \| Adjusted for Change in Accounting Principle
Allowance for Loan Losses:
Beginning Balance				610	610
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
1-4 Family Mortgage
Allowance for Loan Losses:
Beginning Balance	2,754	2,717	2,651	4,325	4,325
Provision for Credit Losses on Loans	18	118	120	287
Recoveries of Loans	2	1	3	2
Total Ending Allowance Balance	2,774	2,836	2,774	2,836	2,651
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	2,774		2,774		2,651
Loans and Leases Receivable, Allowance, Total	2,774	2,836	2,774	2,836	2,651
Loans, Individually Evaluated for Impairment	652		652		689
Loans, Collectively Evaluated for Impairment	416,292		416,292		401,707
Totals	416,944		416,944		402,396
1-4 Family Mortgage \| Cumulative Effect of Change
Allowance for Loan Losses:
Beginning Balance				(1,778)	(1,778)
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
1-4 Family Mortgage \| Adjusted for Change in Accounting Principle
Allowance for Loan Losses:
Beginning Balance				2,547	2,547
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Multifamily
Allowance for Loan Losses:
Beginning Balance	22,230	20,989	22,217	17,459	17,459
Provision for Credit Losses on Loans	250	175	263	387
Total Ending Allowance Balance	22,480	21,164	22,480	21,164	22,217
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	22,480		22,480		22,217
Loans and Leases Receivable, Allowance, Total	22,480	21,164	22,480	21,164	22,217
Loans, Collectively Evaluated for Impairment	1,404,835		1,404,835		1,388,541
Totals	1,404,835		1,404,835		1,388,541
Multifamily \| Cumulative Effect of Change
Allowance for Loan Losses:
Beginning Balance				3,318	3,318
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Multifamily \| Adjusted for Change in Accounting Principle
Allowance for Loan Losses:
Beginning Balance				20,777	20,777
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
CRE Owner Occupied
Allowance for Loan Losses:
Beginning Balance	1,235	1,083	1,184	1,965	1,965
Provision for Credit Losses on Loans	23	3	74	64
Total Ending Allowance Balance	1,258	1,086	1,258	1,086	1,184
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	1,258		1,258		1,184
Loans and Leases Receivable, Allowance, Total	1,258	1,086	1,258	1,086	1,184
Loans, Individually Evaluated for Impairment	986		986		1,559
Loans, Collectively Evaluated for Impairment	185,002		185,002		174,224
Totals	185,988		185,988		175,783
CRE Owner Occupied \| Cumulative Effect of Change
Allowance for Loan Losses:
Beginning Balance				(943)	(943)
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
CRE Owner Occupied \| Adjusted for Change in Accounting Principle
Allowance for Loan Losses:
Beginning Balance				1,022	1,022
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
CRE Non-owner Occupied
Allowance for Loan Losses:
Beginning Balance	17,005	15,744	16,225	12,576	12,576
Provision for Credit Losses on Loans	576	232	1,356	531
Total Ending Allowance Balance	17,581	15,976	17,581	15,976	16,225
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Individually Evaluated for Impairment	211		211		95
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	17,370		17,370		16,130
Loans and Leases Receivable, Allowance, Total	17,581	15,976	17,581	15,976	16,225
Loans, Individually Evaluated for Impairment	17,304		17,304		17,138
Loans, Collectively Evaluated for Impairment	1,052,746		1,052,746		970,168
Totals	1,070,050		1,070,050		987,306
CRE Non-owner Occupied \| Cumulative Effect of Change
Allowance for Loan Losses:
Beginning Balance				2,869	2,869
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
CRE Non-owner Occupied \| Adjusted for Change in Accounting Principle
Allowance for Loan Losses:
Beginning Balance				15,445	15,445
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Consumer and other
Allowance for Loan Losses:
Beginning Balance	111	74	105	151	151
Provision for Credit Losses on Loans	(13)	(4)	(6)	11
Loans Charged-off	(10)	(3)	(12)	(7)
Recoveries of Loans	8	3	9	5
Total Ending Allowance Balance	96	70	96	70	105
Allowance for loan losses and the recorded investment
Allowance for Loan Losses and Loans, Collectively Evaluated for Impairment	96		96		105
Loans and Leases Receivable, Allowance, Total	96	$ 70	96	70	105
Loans, Collectively Evaluated for Impairment	9,159		9,159		8,304
Totals	$ 9,159		$ 9,159		8,304
Consumer and other \| Cumulative Effect of Change
Allowance for Loan Losses:
Beginning Balance				(90)	(90)
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Consumer and other \| Adjusted for Change in Accounting Principle
Allowance for Loan Losses:
Beginning Balance				61	61
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Unallocated
Allowance for Loan Losses:
Beginning Balance				263	263
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total
Unallocated \| Cumulative Effect of Change
Allowance for Loan Losses:
Beginning Balance				$ (263)	$ (263)
Allowance for loan losses and the recorded investment
Loans and Leases Receivable, Allowance, Total

Loans and Allowance for Credi_7

Loans and Allowance for Credit Losses - Amortized cost basis of collateral dependent loans (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 33,908	$ 35,858
ACL Allocation	245	103
Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	19,010	19,715
Business Assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	4,540	5,782
Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	10,358	10,361
Commercial
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	14,898	16,143
ACL Allocation	34	8
Commercial \| Business Assets
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	4,540	5,782
Commercial \| Other
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	10,358	10,361
Construction and Land Development
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	68	80
Construction and Land Development \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	68	80
1-4 Family Construction
Financing Receivable, Allowance for Credit Loss [Line Items]
Total		249
1-4 Family Construction \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total		249
1-4 Family Mortgage
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	652	689
1-4 Family Mortgage \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	652	689
CRE Owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	986	1,559
CRE Owner Occupied \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	986	1,559
CRE Non-owner Occupied
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	17,304	17,138
ACL Allocation	211	95
CRE Non-owner Occupied \| Real Estate
Financing Receivable, Allowance for Credit Loss [Line Items]
Total	$ 17,304	$ 17,138

Loans and Allowance for Credi_8

Loans and Allowance for Credit Losses - Additional information (Details) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2024 USD ($) loan	Jun. 30, 2023 USD ($) loan	Jun. 30, 2024 USD ($) loan	Jun. 30, 2023 USD ($) loan	Dec. 31, 2023 USD ($)
Loans and Allowance for Credit Losses
Accrued interest receivable on loans	$ 11.6		$ 11.6		$ 11.8
Financing Receivable, Accrued Interest, after Allowance for Credit Loss, Statement of Financial Position [Extensible Enumeration]	Interest Receivable		Interest Receivable		Interest Receivable
Number of loans modified \| loan	0	0	0	1
Aggregate outstanding balances of troubled debt restructurings		$ 9.8		$ 9.8
Forgiveness of principal			$ 0

Deposits - Composition of depos

Deposits - Composition of deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Deposits, by Type [Abstract]
Transaction Deposits	$ 1,457,743	$ 1,449,765
Savings and Money Market Deposits	943,994	935,091
Time Deposits	373,713	300,651
Brokered Deposits	1,032,262	1,024,441
Total Deposits	3,807,712	3,709,948
Brokered money market accounts	$ 140,200	$ 174,000

Deposits - Maturities (Details)

Deposits - Maturities (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Deposits - Maturities (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Scheduled Maturities of Time Deposits
Less than 1 Year	$ 421,417
1 to 2 Years	441,536
2 to 3 Years	161,306
3 to 4 Years	132,381
4 to 5 Years	64,466
Greater than 5 years	44,706
Totals	1,265,812
Aggregate time deposits greater than $250,000	$ 190,700	$ 138,400

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	Jun. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	$ 62,950	$ 63,814
Notional Amount, Liability	62,950	63,814
Notional Amount	125,900	127,628
Estimated Fair Value, Asset	8,049	6,981
Estimated Fair Value, Liability	$ (8,049)	$ (6,981)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities - Cash Flow Derivatives (Details) - Cash flow hedge - Designated as Hedging Instrument - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Cash Flow Hedging Derivatives
Amount expected to be reclassified from AOCI into earnings		$ 8,000
Interest Rate Swap
Cash Flow Hedging Derivatives
Notional Amount		$ 153,000		$ 183,000
Weighted Average Pay Rate		1.94%		2%
Weighted Average Receive Rate		5.46%		5.48%
Weighted average maturity		4 years 3 months 7 days		4 years 14 days
Net Unrealized Gain		$ 6,229		$ 5,271
Interest Rate Cap
Cash Flow Hedging Derivatives
Notional Amount		$ 125,000		$ 125,000
Weighted average maturity		5 years 10 months 6 days		6 years 4 months 2 days
Unamortized Premium Paid		$ 4,686		$ 5,081
Weighted Average Strike Rate		0.96%		0.96%
Amortization of interest rate cap premiums	$ 198	$ 200	$ 395

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities - Cash Flow Hedging Reclassification (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Derivatives, Fair Value [Line Items]
Cash collateral posted	$ 0	$ 0
Collateral received	35,843	31,783
Cash Flow Hedging [Member] \| Interest Rate Swap \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	135,500	135,000
Notional Amount, Liability	17,500	48,000
Estimated Fair Value, Asset	6,317	6,891
Estimated Fair Value, Liability	(88)	(1,620)
Cash Flow Hedging [Member] \| Interest Rate Cap \| Designated as Hedging Instrument
Derivatives, Fair Value [Line Items]
Notional Amount, Asset	125,000	125,000
Estimated Fair Value, Asset	$ 20,479	$ 18,717

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities - Derivative instruments eligible for offset (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Asset Derivatives
Gross Amounts of Recognized Assets	$ 34,845	$ 32,589
Net Amounts of Assets Presented in the Balance Sheet	34,845	32,589
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral Received (Paid)	35,843	31,783
Net Assets	(998)	806
Liability Derivatives
Gross Amounts of Recognized Liabilities	(8,137)	(8,601)
Net Amounts of Liabilities Presented in the Balance Sheet	(8,137)	(8,601)
Gross Amounts Not Offset in the Balance Sheet, Cash Collateral Received (Paid)	0	0
Net Liabilities	$ (8,137)	$ (8,601)

Derivative Instruments and He_7

Derivative Instruments and Hedging Activities - Derivative Instruments in Cash Flow Hedging Relationships (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into earnings	$ 2,649	$ 1,370	$ 5,045	$ 2,381
Amounts reclassified from AOCI into earnings related to hedge ineffectiveness	0	0
Amount expected to be reclassified from AOCI into earnings related to hedge ineffectiveness	0		0
Interest Rate Swap \| Interest expense \| Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into earnings	1,475	1,418	3,071	2,594
Interest Rate Cap \| Interest expense \| Cash flow hedge
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Reclassified from AOCI into earnings	$ 854	$ (97)	$ 1,561	$ (207)

Federal Home Loan Bank Advanc_3

Federal Home Loan Bank Advances and Other Borrowings - Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Weighted Average Rate
Less than 1 Year	5.26%	5.31%
1 to 2 Years	4.06%	4.31%
2 to 3 Years	3.71%	3.45%
3 to 4 Years	4.01%	3.94%
4 to 5 Years		4.01%
Total Outstanding
Less than 1 Year	$ 215,500	$ 233,000
1 to 2 Years	17,500	25,000
2 to 3 Years	31,500	21,500
3 to 4 Years	22,500	17,500
4 to 5 Years		22,500
Advances from Federal Home Loan Banks, Total	$ 287,000	$ 319,500

Federal Home Loan Bank Advanc_4

Federal Home Loan Bank Advances and Other Borrowings (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Loan and Security Agreement \| Revolving Line of Credit
Federal Home Loan Bank Advances and Other Borrowings
Interest rate (as a percent)	8.50%
Bank stock (as a percent)	100%
Total Debt Outstanding	$ 13,750	$ 13,750
Loan and Security Agreement \| Minimum \| Revolving Line of Credit
Federal Home Loan Bank Advances and Other Borrowings
Interest rate (as a percent)	3.85%	3.85%
Federal Home Loan Bank Advances
Federal Home Loan Bank Advances and Other Borrowings
Principal balances	$ 1,450,000	$ 1,450,000
Remaining available borrowings	$ 451,200	$ 498,700

Subordinated Debentures (Detail

Subordinated Debentures (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
Subordinated Debentures (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Subordinated Debentures
Total amortization expense	$ 191	$ 191
Subordinated Note Purchase Agreement
Subordinated Debentures
Subordinated Debentures	80,000		$ 80,000
Debt Issuance Costs	(521)		(712)
Subordinated Debentures, Net of Issuance Costs	79,479		79,288
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%		5.25%
Variable spread on debt (as a percent)	5.13%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:SecuredOvernightFinancingRateSofrMember
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%		3.25%
Variable spread on debt (as a percent)	2.52%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	us-gaap:SecuredOvernightFinancingRateSofrMember

Tax Credit Investments - Invest

Tax Credit Investments - Investments (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Investments in qualified affordable housing projects and other tax credit investments
Investment	$ 19,007		$ 19,007		$ 20,300
Investment, Proportional Amortization Method, Elected, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets		Other Assets
Unfunded Commitments	$ 2,693		$ 2,693		$ 9,932
Amortization Expense	$ 650	$ 389	$ 1,305	$ 865
Investment Program, Proportional Amortization Method, Applied, Amortization Expense, Statement of Income or Comprehensive Income [Extensible Enumeration]	Income Tax Expense (Benefit)	Income Tax Expense (Benefit)	Income Tax Expense (Benefit)	Income Tax Expense (Benefit)
Tax Benefit Recognized	$ (886)	$ (511)	$ (1,772)	$ (1,037)
Investment Program, Proportional Amortization Method, Elected, Income Tax Credit and Other Income Tax Benefit, before Amortization, Statement of Income or Comprehensive Income [Extensible Enumeration]	Income Tax Expense (Benefit)	Income Tax Expense (Benefit)	Income Tax Expense (Benefit)	Income Tax Expense (Benefit)
Low Income Housing Tax Credit (LIHTC)
Investments in qualified affordable housing projects and other tax credit investments
Investment	$ 15,929		$ 15,929		$ 16,897
Investment, Proportional Amortization Method, Elected, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets		Other Assets
Unfunded Commitments	$ 340		$ 340		$ 7,579
Amortization Expense	488	$ 280	980	$ 648
Tax Benefit Recognized	(670)	(360)	(1,341)	(734)
Federal Historic Tax Credit (FHTC)
Investments in qualified affordable housing projects and other tax credit investments
Investment	$ 3,078		$ 3,078		$ 3,403
Investment, Proportional Amortization Method, Elected, Statement of Financial Position [Extensible Enumeration]	Other Assets		Other Assets		Other Assets
Unfunded Commitments	$ 2,353		$ 2,353		$ 2,353
Amortization Expense	162	109	325	217
Tax Benefit Recognized	$ (216)	$ (151)	$ (431)	$ (303)

Commitments, Contingencies an_3

Commitments, Contingencies and Credit Risk (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Commitments Outstanding
Unfunded Commitments Under Lines of Credit	$ 518,267	$ 546,632
Letters of Credit	106,484	103,289
Totals	624,751	649,921
Federal Home Loan Bank Advances
Commitments Outstanding
Outstanding letters of credit	$ 164,200	$ 114,400

Commitments, Contingencies an_4

Commitments, Contingencies and Credit Risk - Allowance for credit losses for off-balance sheet (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Mar. 31, 2024
Commitments Outstanding
Allowance for off-balance sheet credit exposure	$ 3,835	$ 2,885	$ 3,835	$ 2,885
Off-balance sheet credit exposure
Beginning Balance	4,335	2,985	360
Recovery of Off-Balance Sheet Credit Exposures	(500)	(100)	(1,375)
Total Ending Allowance Balance	$ 3,835	2,885	$ 3,835
Cumulative Effect of Change
Commitments Outstanding
Allowance for off-balance sheet credit exposure
Off-balance sheet credit exposure
Beginning Balance		$ 4,850

Stock Options and Restricted _3

Stock Options and Restricted Stock - Narrative (Details) - shares	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
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	30,000	5,000
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	6,592	0
2023 EIP
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
Vesting period	4 years
Number of unissued shares of the Company's common stock authorized for option grants	1,031,916	1,107,752

Stock Options and Restricted _4

Stock Options and Restricted Stock - Stock Option Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Stock Option Plans
Outstanding at Beginning of Year			2,014,994
Exercised			(8,500)
Forfeitures			(30,000)
Outstanding at Period End	1,976,494		1,976,494
Options Exercisable at Period End	1,404,869		1,404,869
Weighted Average Exercise Price
Outstanding at Beginning of Year			$ 10.57
Exercised			8.23
Forfeitures			12.87
Outstanding at Period End	$ 10.54		10.54
Options Exercisable at Period End	$ 9.73		$ 9.73
Employee Stock Option
Weighted Average Exercise Price
Compensation expense for stock options	$ 236	$ 185	$ 485	$ 371

Stock Options and Restricted _5

Stock Options and Restricted Stock - Exercise Price (Details) $ / shares in Units, $ in Millions	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Exercise Price
Options Outstanding, Number Outstanding \| shares	1,976,494
Options Outstanding, Weighted Average Exercise Price	$ 10.54
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 6 months
Options Exercisable, Number Outstanding \| shares	1,404,869
Options Exercisable, Weighted Average Exercise Price	$ 9.73
Total unrecognized compensation cost \| $	$ 2.3
Weighted-average period over which total unrecognized compensation cost is expected to be recognized (in years)	2 years 9 months 18 days
3.00 - 3.99
Exercise Price
Exercise Price, lower range	$ 3
Exercise Price, upper range	$ 3.99
Options Outstanding, Number Outstanding \| shares	10,000
Options Outstanding, Weighted Average Exercise Price	$ 3.58
Options Outstanding, Weighted Average Remaining Contractual Life	6 months
Options Exercisable, Number Outstanding \| shares	10,000
Options Exercisable, Weighted Average Exercise Price	$ 3.58
7.00 - 7.99
Exercise Price
Exercise Price, lower range	7
Exercise Price, upper range	$ 7.99
Options Outstanding, Number Outstanding \| shares	888,466
Options Outstanding, Weighted Average Exercise Price	$ 7.47
Options Outstanding, Weighted Average Remaining Contractual Life	3 years 2 months 12 days
Options Exercisable, Number Outstanding \| shares	888,466
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	12,500
Options Outstanding, Weighted Average Exercise Price	$ 8.76
Options Outstanding, Weighted Average Remaining Contractual Life	5 years 8 months 12 days
Options Exercisable, Number Outstanding \| shares	12,500
Options Exercisable, Weighted Average Exercise Price	$ 8.76
10.00 - 10.99
Exercise Price
Exercise Price, lower range	10
Exercise Price, upper range	$ 10.99
Options Outstanding, Number Outstanding \| shares	249,000
Options Outstanding, Weighted Average Exercise Price	$ 10.63
Options Outstanding, Weighted Average Remaining Contractual Life	8 years 10 months 24 days
Options Exercisable, Number Outstanding \| shares	10,000
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	262,500
Options Outstanding, Weighted Average Exercise Price	$ 11.15
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 10 months 24 days
Options Exercisable, Number Outstanding \| shares	75,000
Options Exercisable, Weighted Average Exercise Price	$ 11.29
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	5 years 1 month 6 days
Options Exercisable, Number Outstanding \| shares	263,528
Options Exercisable, Weighted Average Exercise Price	$ 12.90
17.00 - 17.99
Exercise Price
Exercise Price, lower range	17
Exercise Price, upper range	$ 17.99
Options Outstanding, Number Outstanding \| shares	290,500
Options Outstanding, Weighted Average Exercise Price	$ 17.50
Options Outstanding, Weighted Average Remaining Contractual Life	7 years 7 months 6 days
Options Exercisable, Number Outstanding \| shares	145,375
Options Exercisable, Weighted Average Exercise Price	$ 17.50

Stock Options and Restricted _6

Stock Options and Restricted Stock - Non-Vested Options (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares shares
Number of Shares
Nonvested Options at beginning of period \| shares	666,250
Vested \| shares	(89,625)
Forfeited \| shares	(5,000)
Nonvested Options at end of period \| shares	571,625
Weighted Average Grant Date Fair Value
Nonvested Options at beginning of period \| $ / shares	$ 5.09
Vested \| $ / shares	5.05
Forfeited \| $ / shares	4.19
Nonvested Options at end of period \| $ / shares	$ 5.10

Stock Options and Restricted _7

Stock Options and Restricted Stock - Restricted Stock Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Compensation expense
Weighted-average period for non vested restricted stock awards			2 years 9 months 18 days
Restricted Stock Awards
Number of Shares
Vesting period			4 years
Nonvested Awards at beginning of period			3,411
Vested			(2,786)
Nonvested Awards at end of period	625		625
Weighted Average Grant Date Fair Value
Nonvested Awards at beginning of period			$ 10.53
Vested			10.32
Nonvested Awards at end of period	$ 11.47		$ 11.47
Compensation expense
Compensation expense recognized	$ 2	$ 110	$ 10	$ 221
Unrecognized compensation cost	$ 2		$ 2
Weighted-average period for non vested restricted stock awards			3 months 18 days
Shares issued for services on board of directors			21,336
Value of shares issued for services on board of directors			$ 248

Stock Options and Restricted _8

Stock Options and Restricted Stock - Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Compensation expense
Weighted-average period for non vested restricted stock awards			2 years 9 months 18 days
Restricted Stock Units
Number of Shares
Number of shares of common stock on which each RSU is entitled to to receive upon vesting	1		1
Vesting period			4 years
Nonvested Awards at beginning of period			441,015
Granted			63,184
Vested			(22,665)
Forfeited			(10,276)
Nonvested Awards at end of period	471,258		471,258
Weighted Average Grant Date Fair Value
Nonvested Awards at beginning of period			$ 14.71
Granted			11.89
Vested			15.63
Forfeited			14.75
Nonvested Awards at end of period	$ 14.29		$ 14.29
Compensation expense
Compensation expense recognized	$ 675	$ 556	$ 1,300	$ 1,100
Unrecognized compensation cost	$ 5,300		$ 5,300
Weighted-average period for non vested restricted stock awards			2 years 6 months

Regulatory Capital - Capital Am

Regulatory Capital - Capital Amounts and Ratios (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)
Total Risk-Based Capital
Total Risk-Based Capital, Actual amount	$ 579,988	$ 570,770
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	327,576	326,872
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conversion Buffer, amount	$ 429,943	$ 429,019
Total Risk-Based Capital, Actual ratio	0.1416	0.1397
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 1 Risk-Based Capital, Actual	$ 451,764	$ 440,947
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	245,682	245,154
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 348,049	$ 347,301
Tier 1 Risk-Based Capital, Actual ratio	0.1103	0.1079
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	$ 385,250	$ 374,433
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	184,261	183,865
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 286,629	$ 286,013
Common Equity Tier 1 Capital, Actual ratio	0.0941	0.0916
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	$ 451,764	$ 440,947
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, amount	187,110	184,383
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	$ 187,110	$ 184,383
Tier 1 Leverage Ratio, Actual ratio	0.0966	0.0957
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	$ 572,981	$ 554,269
Total Risk-Based Capital, For Capital Adequacy Purposes, amount	327,129	326,528
Total Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conversion Buffer, amount	429,357	428,568
Total Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 408,912	$ 408,160
Total Risk-Based Capital, Actual ratio	0.1401	0.1358
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 1 Risk-Based Capital, Actual	$ 524,306	$ 503,787
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes, amount	245,347	244,896
Tier 1 Risk-Based Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	347,575	346,936
Tier 1 Risk-Based Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 327,129	$ 326,528
Tier 1 Risk-Based Capital, Actual ratio	0.1282	0.1234
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	$ 524,306	$ 503,787
Common Equity Tier 1 Capital, For Capital Adequacy Purposes, amount	184,010	183,672
Common Equity Tier 1 Capital, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	286,238	285,712
Common Equity Tier 1 Capital, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 265,793	$ 265,304
Common Equity Tier 1 Capital, Actual ratio	0.1282	0.1234
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	$ 524,306	$ 503,787
Tier 1 Leverage Ratio, For Capital Adequacy Purposes, amount	186,895	184,037
Tier 1 Leverage Ratio, For Capital Adequacy Purposes Plus Capital Conservation Buffer, amount	186,895	184,037
Tier 1 Leverage Ratio, To be Well Capitalized Under Prompt Corrective Action Regulations, amount	$ 233,619	$ 230,047
Tier 1 Leverage Ratio, Actual ratio	0.1122	0.1095
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	Jun. 30, 2024	Dec. 31, 2023
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	$ 601,057	$ 604,104
Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets	635,902	636,693
Total Fair Value of Financial Liabilities	8,137	8,601
Interest Rate Cap \| Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	20,479	18,717
Interest Rate Swap \| Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	14,366	13,872
Interest Rate Swaps	8,137	8,601
Municipal Bonds
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	132,551	132,524
Municipal Bonds \| Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	132,551	132,524
Mortgage-Backed Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	203,901	235,315
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	203,901	235,315
Corporate Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	140,297	130,605
Corporate Securities \| Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	140,297	130,605
SBA Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	15,908	18,674
SBA Securities \| Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	15,908	18,674
Asset-Backed Securities
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	108,400	86,986
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	108,400	86,986
Level 2
Balances of the assets and liabilities measured at fair value on a recurring basis
Securities Available for Sale, at Fair Value	601,057	604,104
Level 2 \| Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Total Fair Value of Financial Assets	635,902	636,693
Total Fair Value of Financial Liabilities	8,137	8,601
Level 2 \| Interest Rate Cap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	20,479	18,717
Level 2 \| Interest Rate Cap \| Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	20,479	18,717
Level 2 \| Interest Rate Swap
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	14,366	13,872
Interest Rate Swaps	8,137	8,601
Level 2 \| Interest Rate Swap \| Recurring
Balances of the assets and liabilities measured at fair value on a recurring basis
Interest Rate Derivatives	14,366	13,872
Interest Rate Swaps	8,137	8,601
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	132,551	132,524
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	203,901	235,315
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	140,297	130,605
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	15,908	18,674
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	$ 108,400	$ 86,986

Fair Value Measurement - Nonrec

Fair Value Measurement - Nonrecurring (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss	$ 600	$ 550	$ 1,450	$ 2,050
Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss			245		$ 199
Nonrecurring \| Individually Evaluated Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Loss			245		199
Level 3 \| Nonrecurring
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	9,287		9,287		9,602
Level 3 \| Nonrecurring \| Individually Evaluated Loans
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Assets measured at fair value	$ 9,287		$ 9,287		$ 9,602
Level 3 \| Nonrecurring \| Individually Evaluated Loans \| Minimum
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Customized discounting criteria on appraisals (as a percent)			3%
Level 3 \| Nonrecurring \| Individually Evaluated Loans \| Maximum
Balances of the assets and liabilities measured at fair value on a nonrecurring basis
Customized discounting criteria on appraisals (as a percent)			15%

Fair Value Measurement - Estima

Fair Value Measurement - Estimated Fair Value (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Financial Assets:
Securities Available for Sale, at Fair Value	$ 601,057	$ 604,104
Level 1
Financial Assets:
Cash and Due From Banks	134,093	128,562
Level 2
Financial Assets:
Securities Available for Sale, at Fair Value	601,057	604,104
FHLB Stock, at Cost	15,844	17,097
Loans, Net	3,632,015	3,579,583
Accrued Interest Receivable	16,944	16,697
Financial Liabilities:
Deposits	3,802,481	3,709,086
Notes Payable	13,753	13,805
FHLB Advances	285,758	319,305
Subordinated Debentures	79,095	77,557
Accrued Interest Payable	3,999	5,282
Level 2 \| Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	20,479	18,717
Level 2 \| Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	14,366	13,872
Financial Liabilities:
Interest Rate Swaps	8,137	8,601
Level 3
Financial Assets:
Loans, Net	9,287	9,602
Carrying Amount
Financial Assets:
Cash and Due From Banks	134,093	128,562
Securities Available for Sale, at Fair Value	601,057	604,104
FHLB Stock, at Cost	15,844	17,097
Loans, Net	3,742,222	3,667,215
Accrued Interest Receivable	16,944	16,697
Financial Liabilities:
Deposits	3,807,712	3,709,948
Notes Payable	13,750	13,750
FHLB Advances	287,000	319,500
Subordinated Debentures	79,479	79,288
Accrued Interest Payable	3,999	5,282
Carrying Amount \| Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	20,479	18,717
Carrying Amount \| Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	14,366	13,872
Financial Liabilities:
Interest Rate Swaps	8,137	8,601
Estimated Fair Value
Financial Assets:
Cash and Due From Banks	134,093	128,562
Securities Available for Sale, at Fair Value	601,057	604,104
FHLB Stock, at Cost	15,844	17,097
Loans, Net	3,641,302	3,589,185
Accrued Interest Receivable	16,944	16,697
Financial Liabilities:
Deposits	3,802,481	3,709,086
Notes Payable	13,753	13,805
FHLB Advances	285,758	319,305
Subordinated Debentures	79,095	77,557
Accrued Interest Payable	3,999	5,282
Estimated Fair Value \| Interest Rate Cap
Financial Assets:
Interest Rate Derivatives	20,479	18,717
Estimated Fair Value \| Interest Rate Swap
Financial Assets:
Interest Rate Derivatives	14,366	13,872
Financial Liabilities:
Interest Rate Swaps	$ 8,137	$ 8,601

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Components of other comprehensive income (loss), Before Tax
Net Unrealized Gain (Loss) on Available for Sale Securities	$ 1,168	$ (9,430)	$ 1,403	$ (4,187)
Less: Reclassification Adjustment for Net Gains (Losses) Included in Net Income	(320)	(50)	(413)	6
Total Unrealized Gain (Loss)	848	(9,480)	990	(4,181)
Net Unrealized Loss (gain) on Cash Flow Hedge	2,036	6,573	7,748	2,404
Less: Reclassification Adjustment for Gains Included in Net Income	(2,329)	(1,320)	(4,632)	(2,387)
Total Unrealized Loss (Gain)	(293)	5,253	3,116	17
Other Comprehensive Gain (Loss)	555	(4,227)	4,106	(4,164)
Components of other comprehensive income (loss), Tax Effect
Net Unrealized Gain (Loss) on Available for Sale Securities	(336)	2,710	(403)	1,204
Less: Reclassification Adjustment for Net Losses Included in Net Income, tax effect	92	14	119	(2)
Total Unrealized Gain (Loss)	(244)	2,724	(284)	1,202
Net Unrealized Gain (Loss) on Cash Flow Hedge	(585)	(1,888)	(2,227)	(690)
Less: Reclassification Adjustment for Gains Included in Net Income	670	379	1,331	686
Total Unrealized Gain (Loss)	85	(1,509)	(896)	(4)
Other Comprehensive Gain (Loss)	(159)	1,215	(1,180)	1,198
Components of other comprehensive income (loss), Net of Tax
Net Unrealized Gain (Loss) on Available for Sale Securities	832	(6,720)	1,000	(2,983)
Less: Reclassification Adjustment for Net Gains (Losses) Included in Net Income	(228)	(36)	(294)	4
Total Unrealized Gain (Loss)	604	(6,756)	706	(2,979)
Net Unrealized Gain (Loss) on Cash Flow Hedge	1,451	4,685	5,521	1,714
Less: Reclassification Adjustment for Gains Included in Net Income	(1,659)	(941)	(3,301)	(1,701)
Total Unrealized Gain (Loss)	(208)	3,744	2,220	13
Total Other Comprehensive Income (Loss), Net of Tax	$ 396	$ (3,012)	$ 2,926	$ (2,966)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Comprehensive income (loss) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning	$ 433,611	$ 402,006	$ 425,515	$ 394,064
Total Other Comprehensive Income (Loss), Net of Tax	396	(3,012)	2,926	(2,966)
Balance at the end	439,241	409,126	439,241	409,126
Cumulative Effect of Change
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning				(3,920)
Available For Sale Securities
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning	(31,618)	(30,347)	(31,720)	(34,124)
Other Comprehensive Income (Loss) Before Reclassifications	832	(6,720)	1,000	(2,983)
Amounts Reclassified from Accumulated Other Comprehensive Income	(228)	(36)	(294)	4
Total Other Comprehensive Income (Loss), Net of Tax	604	(6,756)	706	(2,979)
Balance at the end	(31,014)	(37,103)	(31,014)	(37,103)
Cash Flow Hedge
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning	15,902	12,451	13,474	16,182
Other Comprehensive Income (Loss) Before Reclassifications	1,451	4,685	5,521	1,714
Amounts Reclassified from Accumulated Other Comprehensive Income	(1,659)	(941)	(3,301)	(1,701)
Total Other Comprehensive Income (Loss), Net of Tax	(208)	3,744	2,220	13
Balance at the end	15,694	16,195	15,694	16,195
Accumulated Other Comprehensive Income (loss)
Changes in each component of accumulated other comprehensive income (loss), net of tax
Balance at the beginning	(15,716)	(17,896)	(18,246)	(17,942)
Other Comprehensive Income (Loss) Before Reclassifications	2,283	(2,035)	6,521	(1,269)
Amounts Reclassified from Accumulated Other Comprehensive Income	(1,887)	(977)	(3,595)	(1,697)
Total Other Comprehensive Income (Loss), Net of Tax	396	(3,012)	2,926	(2,966)
Balance at the end	$ (15,320)	$ (20,908)	$ (15,320)	$ (20,908)

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	Jul. 24, 2024	Jul. 23, 2024
Second Quarter 2024 Dividend \| Series A Preferred Stock
Subsequent Events
Date dividend was declared	Jul. 24, 2024
Dividend per share	$ 36.72
Preferred Stock, dividend rate (as a percent)	5.875%
Date dividend is payable	Sep. 03, 2024
Date of stockholders of record	Aug. 15, 2024
Second Quarter 2024 Dividend \| Depositary Shares
Subsequent Events
Dividend per share	$ 0.3672
2022 Stock Repurchase Program
Subsequent Events
Remaining repurchase amount		$ 15.3