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| Utah                                                                 |   | 83-0356689                                 |
|----------------------------------------------------------------------|--------|--------------------------------------------|
| (State or Other Jurisdiction of  Incorporation or Organization) |   | (I.R.S. Employer  Identification No.) |
| 756 East Winchester, Suite 100, Murray, Utah |   | 84107      |
|----------------------------------------------|--------|------------|
| (Address of Principal Executive Offices)     |   | (Zip Code) |
|   Title of each class          |   | Trading Symbol(s) |   | Name of each exchangeon which registered |
|------------------------------------------|--------|-------------------|--------|------------------------------------------|
| Common Stock, par value $0.001 per share |   | FINW              |   | The NASDAQ Stock Market LLC              |
| Large accelerated filer ☐ | Accelerated filer ☐ | Non-accelerated filer ☒ | Smaller reporting company ☒ | Emerging growth company ☒ |
|---------------------------------|---------------------------|-------------------------------|-----------------------------------|---------------------------------|

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| Part I   |                                                                                                               |
|----------|--------------------------------------------------------------------------------------------------------------------|
|     |                                                                                                               |
| Item 1.  | Business                                                                                                           | 4 |
|     |                                                                                                               |   |
| Item 1A. | Risk Factors                                                                                                       | 28 |
|     |                                                                                                               |   |
| Item 1B. | Unresolved Staff Comments                                                                                          | 48 |
|     |                                                                                                               |   |
| Item 2.  | Properties                                                                                                         | 48 |
|     |                                                                                                               |   |
| Item 3.  | Legal Proceedings                                                                                                  | 48 |
|     |                                                                                                               |   |
| Item 4.  | Mine Safety Disclosures                                                                                            | 48 |
|     |                                                                                                               |   |
| Part II  |                                                                                                               |
|     |                                                                                                               |
| Item 5.  | Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 48 |
|     |                                                                                                               |  |
| Item 6.  | [Reserved]                                                                                                         | 49 |
|     |                                                                                                               |   |
| Item 7.  | Management’s Discussion and Analysis of Financial Condition and Results of Operation                         | 50 |
|     |                                                                                                               |  |
| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk                                                         | 77 |
|     |                                                                                                               |   |
| Item 8.  | Financial Statements and Supplementary Data                                                                        | 77 |
|     |                                                                                                               |   |
| Item 9.  | Changes in and Disagreements With Accountants on Accounting and Financial Disclosure                               | 109 |
|          |                                                                                                               |  |
| Item 9A. | Controls and Procedures                                                                                            | 109 |
|     |                                                                                                               |   |
| Item 9B. | Other Information                                                                                                  | 109 |
|     |                                                                                                               |   |
| Part III |                                                                                                               |
|     |                                                                                                               |
| Item 10. | Directors, Executive Officers and Corporate Governance                                                             | 109 |
|     |                                                                                                               |   |
| Item 11. | Executive Compensation                                                                                             | 109 |
|     |                                                                                                               |   |
| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                     | 110 |
|     |                                                                                                               |  |
| Item 13. | Certain Relationships and Related Transactions, and Director Independence                                          | 110 |
|     |                                                                                                               |   |
| Item 14. | Principal Accounting Fees and Services                                                                             | 110 |
|     |                                                                                                               |   |
| Part IV  |                                                                                                               |
|     |                                                                                                               |
| Item 15. | Exhibits and Financial Statement Schedules                                                                         | 111 |
|     |                                                                                                               |   |
|          | Signatures                                                                                                         | 113 |

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| • | conditions relating to the Covid-19 pandemic, including the severity and duration of the associated economic slowdown either nationally or in our market areas, and the                  response of governmental authorities to the Covid-19 pandemic and our participation in Covid-19-related government programs such as the Paycheck Protection Program (“PPP”); |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | system failure or cybersecurity breaches of our network security; |
|---------|-------------------------------------------------------------------|
| • | the success of the financial technology industry, the development and acceptance of which is subject to a high degree of uncertainty, as well as the continued evolution of the regulation of              this industry; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our ability to keep pace with rapid technological changes in the industry or implement new technology effectively; |
|---------|--------------------------------------------------------------------------------------------------------------------|
| • | our reliance on third-party service providers for core systems support, informational website hosting, internet services, online account opening and other processing services; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | general economic conditions, either nationally or in our market areas (including interest rate environment, government economic and monetary policies, the strength of global financial              markets and inflation and deflation), that impact the financial services industry and/or our business; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | increased competition in the financial services industry, particularly from regional and national institutions and other companies that offer banking services; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our ability to measure and manage our credit risk effectively and the potential deterioration of the business and economic conditions in our primary market areas; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the adequacy of our risk management framework; |
|---------|------------------------------------------------|
| • | the adequacy of our allowance for loan losses (“ALL”); |
|---------|--------------------------------------------------------------------|
| • | the financial soundness of other financial institutions; |
|---------|----------------------------------------------------------|
| • | new lines of business or new products and services; |
|---------|-----------------------------------------------------|
| • | changes in Small Business Administration (“SBA”) rules, regulations and loan products, including specifically the Section 7(a) program, changes in SBA standard                operating procedures or changes to the status of the Bank as an SBA Preferred Lender; |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | changes in the value of collateral securing our loans; |
|---------|--------------------------------------------------------|
| • | possible increases in our levels of nonperforming assets; |
|---------|-----------------------------------------------------------|
| • | potential losses from loan defaults and nonperformance on loans; |
|---------|------------------------------------------------------------------|
| • | our ability to protect our intellectual property and the risks we face with respect to claims and litigation initiated against us; |
|---------|------------------------------------------------------------------------------------------------------------------------------------|
| • | the inability of small- and medium-sized businesses to whom we lend to weather adverse business conditions and repay loans; |
|---------|-----------------------------------------------------------------------------------------------------------------------------|
| • | our ability to implement aspects of our growth strategy and to sustain our historic rate of growth; |
|---------|-----------------------------------------------------------------------------------------------------|
| • | our ability to continue to originate, sell and retain loans, including through our Strategic Programs; |
|---------|--------------------------------------------------------------------------------------------------------|

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| • | the concentration of our lending and depositor relationships through Strategic Programs in the financial technology industry generally; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
| • | our ability to attract additional merchants and retain and grow our existing merchant relationships; |
|---------|------------------------------------------------------------------------------------------------------|
| • | interest rate risk associated with our business, including sensitivity of our interest earning assets and interest bearing liabilities to interest rates, and the impact to our earnings from              changes in interest rates; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the effectiveness of our internal control over financial reporting and our ability to remediate any future material weakness in our internal control over financial reporting; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | potential exposure to fraud, negligence, computer theft and cyber-crime and other disruptions in our computer systems relating to our development and use of new technology platforms; |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our dependence on our management team and changes in management composition; |
|---------|------------------------------------------------------------------------------|
| • | the sufficiency of our capital, including sources of capital and the extent to which we may be required to raise additional capital to meet our goals; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | compliance with laws and regulations, supervisory actions, the Dodd-Frank Act, capital requirements, the Bank Secrecy Act, anti-money laundering laws, predatory lending laws, and other              statutes and regulations; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | changes in the laws, rules, regulations, interpretations or policies relating to financial institutions, accounting, tax, trade, monetary and fiscal matters, including the application of              interest rate caps or maximums; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our ability to maintain a strong core deposit base or other low-cost funding sources; |
|---------|---------------------------------------------------------------------------------------|
| • | results of examinations of us by our regulators, including the possibility that our regulators may, among other things, require us to increase our ALL or to write-down assets; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our involvement from time to time in legal proceedings, examinations and remedial actions by regulators; |
|---------|----------------------------------------------------------------------------------------------------------|
| • | further government intervention in the U.S. financial system; |
|---------|---------------------------------------------------------------|
| • | the ability of our Strategic Program service providers to comply with regulatory regimes, including laws and regulations applicable to consumer credit transactions, and our ability to              adequately oversee and monitor our Strategic Program service providers; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | our ability to maintain and grow our relationships with our Strategic Program service providers; |
|---------|--------------------------------------------------------------------------------------------------|
| • | natural disasters and adverse weather, acts of terrorism, pandemics, an outbreak of hostilities or other international or domestic calamities, and other matters beyond our control; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | compliance with requirements associated with being a public company; |
|---------|----------------------------------------------------------------------|
| • | level of coverage of our business by securities analysts; |
|---------|-----------------------------------------------------------|
| • | future equity and debt issuances; and |
|---------|---------------------------------------|
| • | other factors that are discussed in the section entitled “Risk Factors,” beginning on page 28. |
|---------|------------------------------------------------------------------------------------------------------------|
| Item 1. | Business |
|---------|----------|

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| ​                                      |   | December 31, |    |
|----------------------------------------------|--------|--------------|---------|
| ​                                      |   | 2021         |    |
| ​              ​($ in thousands) |   | Total Loans  |    |   | % of Loans inCategory oftotal loans |   |
| SBA                                          |   | $            | 142,392 |   |   |   | 53.6 | % |
| Commercial, non-real estate                  |   |         | 3,428   |   |   |   | 1.3 | % |
| Residential real estate                      |   |         | 27,108  |   |   |   | 10.2 | % |
| Strategic Program loans                      |   |         | 85,850  |   |   |   | 32.3 | % |
| Commercial real estate                       |   |         | 2,436   |   |   |   | 0.9 | % |
| Consumer                                     |   |         | 4,574   |   |   |   | 1.7 | % |
| Total                                        |   | $            | 265,788 |   |   |   | 100.0 | % |

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| • | understanding the customer’s financial condition and ability to repay the loan; |
|---------|---------------------------------------------------------------------------------------|
| • | evaluating management performance and expertise and industry experience; |
|---------|--------------------------------------------------------------------------|
| • | verifying that the primary and secondary sources of repayment are adequate in relation to the amount and structure of the loan; |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | observing appropriate loan-to-value guidelines for collateral secured loans; |
|---------|------------------------------------------------------------------------------|
| • | maintaining our targeted levels of diversification for the loan portfolio, both as to type of borrower and type of collateral; and |
|---------|------------------------------------------------------------------------------------------------------------------------------------|
| • | ensuring that each loan is properly documented with perfected liens on collateral. |
|---------|------------------------------------------------------------------------------------|

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| • | whether the applicant has any other loans(s) (including through the PPP, SBA EIDL, other stimulus financing) that have repayment or contingent repayment requirements which could impact cash              flow; |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | for commercial applicants, whether the business revenue and staffing levels have been impacted by the Covid-19 pandemic and whether business has a contingency plan for revenues and              operations for a minimum of the next 18 months; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | for individual applicants, whether his or her source of income has been or may be impacted; |
|---------|---------------------------------------------------------------------------------------------|
| • | how governmental restrictions, including stay-at-home orders, social distancing, travel, traffic flow, and trade limitations have impacted applicant’s business operations or personal cash              flow; |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | whether historical financial information can be reasonably relied upon based on current market conditions; and |
|---------|----------------------------------------------------------------------------------------------------------------|
| • | the impact current market conditions have on collateral adequacy. |
|---------|-------------------------------------------------------------------|

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| • | Ensure the Safety of Principal—Bank investments are generally limited to investment-grade instruments that fully comply with all applicable regulatory guidelines and limitations. Allowable              non-investment-grade instruments must be approved by the board of directors. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Income Generation—The Bank’s investment portfolio is managed to maximize income on invested funds in a manner that is consistent with the Bank’s overall financial goals and risk              considerations. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Provide Liquidity—The Bank’s investment portfolio is managed to remain sufficiently liquid to meet anticipated funding demands either through declines in deposits and/or increases in loan              demand. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| • | Mitigate Interest Rate Risk—Portfolio strategies are used to assist the Bank in managing its overall interest rate sensitivity position in accordance with goals and objectives approved by              our board of directors. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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|                                                                   | ​ | ​ | Basel IIIMinimum forCapitalAdequacyPurposes | ​ | ​ | Basel IIIAdditionalCapitalConservationBuffer | ​ | ​ | Basel III Ratiowith CapitalConservationBuffer |
|------------------------------------------------------------------------|---------|---------|---------------------------------------------|---------|---------|----------------------------------------------|---------|---------|-----------------------------------------------|
| Total Risk Based Capital (total capital to risk-weighted assets)       | ​ | ​ | 8.00%                                       | ​ | ​ | 2.50%                                        | ​ | ​ | 10.50%                                        |
| Tier 1 Risk Based Capital (tier 1 to risk-weighted assets)             | ​ | ​ | 6.00%                                       | ​ | ​ | 2.50%                                        | ​ | ​ | 8.50%                                         |
| Tier 1 Leverage Ratio (tier 1 to average assets)                       | ​ | ​ | 4.00%                                       | ​ | ​ | —%                                     | ​ | ​ | 4.00%                                         |
| Common Equity Tier 1 Risk Based Capital (CET1 to risk-weighted assets) | ​ | ​ | 4.50%                                       | ​ | ​ | 2.50%                                        | ​ | ​ | 7.00%                                         |

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| • | requires bank holding companies and banks to be both well capitalized and well managed in order to acquire banks located outside their home state and requires any bank                  holding company electing to be treated as a financial holding company to be both well managed and well capitalized; |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | eliminates all remaining restrictions on interstate banking by authorizing national and state banks to establish de novo branches in any state                  that would permit a bank chartered in that state to open a branch at that location; and |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | repeals Regulation Q, the federal prohibition on the payment of interest on demand deposits, thereby permitting depository institutions to pay interest on business transaction and other                  accounts. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Truth-In-Lending Act, governing disclosures of credit terms to consumer borrowers; |
|---------|------------------------------------------------------------------------------------|

| • | HMDA, requiring financial institutions to provide information to enable the public and public officials to determine whether a financial institution is fulfilling its obligation to help                  meet the housing needs of the community it serves; |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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| • | Equal Credit Opportunity Act, prohibiting discrimination on the basis of race, creed, or other prohibited factors in extending credit; |
|---------|----------------------------------------------------------------------------------------------------------------------------------------|

| • | Fair Credit Reporting Act of 1978, as amended by the Fair and Accurate Credit Transactions Act, governing the use and provision of information to credit reporting agencies, certain                  identity theft protections, and certain credit and other disclosures; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Fair Debt Collection Practices Act, governing how consumer debts may be collected by collection agencies; |
|---------|-----------------------------------------------------------------------------------------------------------|

| • | Real Estate Settlement Procedures Act, requiring certain disclosures concerning loan closing costs and escrows, and governing transfers of loan servicing and the amounts of escrows for                  loans secured by one-to-four family residential properties; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Rules and regulations established by the National Flood Insurance Program; |
|---------|----------------------------------------------------------------------------|

| • | Rules and regulations of the various federal agencies charged with the responsibility of implementing these federal laws. |
|---------|---------------------------------------------------------------------------------------------------------------------------|

| • | Right to Financial Privacy Act, which imposes a duty to maintain confidentiality of consumer financial records and prescribes procedures for complying with administrative subpoenas of                  financial records; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Truth-In-Savings Act, requiring certain disclosures for consumer deposit accounts; |
|---------|------------------------------------------------------------------------------------|

| • | Electronic Funds Transfer Act and Regulation E of the Federal Reserve, which govern automatic deposits to and withdrawals from deposit accounts and customers’ rights and liabilities                  arising from the use of automated teller machines and other electronic banking services; and |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Rules and regulations of the various federal agencies charged with the responsibility of implementing these federal laws. |
|---------|---------------------------------------------------------------------------------------------------------------------------|

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| • | On March 15, 2020, the Federal Reserve issued a statement encouraging banks to use their capital and liquidity buffers to lend to households and businesses impacted by the Covid-19              pandemic. The following day, the Federal Reserve issued a statement encouraging banks to access the Federal Reserve’s discount window to assist with capital and liquidity management in light of the increased credit needs of banking customers. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Bank is also typically required by the Federal Reserve to maintain in reserves certain amounts of vault cash and/or deposits with the Federal Reserve, however, in response to the              Covid-19 pandemic, this requirement has been eliminated until further notice. |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Section 4013 of the CARES Act provides financial institutions the option to suspend the application of GAAP to any loan modification related to Covid-19 from treatment as a TDR for the              period between March 1, 2020 and the earlier of (i) 60 days after the end of the national emergency proclamation or (ii) December 31, 2020. Section 541 of the Consolidated Appropriations Act, 2021, amended Section 4013 of the CARES Act to              extend this relief to the earlier of (i) 60 days after the end of the national emergency proclamation or (ii) January 1, 2022. A financial institution may elect to suspend GAAP only for a loan that was not more than 30 days past due as of              December 31, 2019. In addition, the temporary suspension of GAAP does not apply to any adverse impact on the credit of a borrower that is not related to Covid-19. The suspension of GAAP is applicable for the entire term of the modification,              including an interest rate modification, a forbearance agreement, a repayment plan, or other agreement that defers or delays the payment of principal and/or interest. Accordingly, a financial institution that elects to suspend GAAP should not              be required to increase its reported TDRs at the end of the period of relief, unless the loans require further modification after the expiration of that period. |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| Item 1A. | RISK FACTORS |
|----------|--------------|

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|   | • | the impact and extent of the ongoing Covid-19 pandemic (including the emergence of any new variants thereof) and the response of governmental authorities to the                Covid-19 pandemic; |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | operational and strategic risks, including the risk that we may not be able to implement our growth strategy and risks related to cybersecurity breaches and system                failures, our continued ability to establish relationships with Strategic Program service providers, and the possible loss of key members of our senior leadership team; |
|--------|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | credit risks, including risks related to the significance of SBA 7(a), Strategic Programs and construction loans in our portfolio, our relationship with BFG, our                ability to effectively manage our credit risk and the potential deterioration of the business and economic conditions in our markets; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | liquidity and funding risks, including the risk that we will not be able to meet our obligations due to risks relating to our funding sources; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | market and interest rate risks, including risks related to interest rate fluctuations and the monetary policies and regulations of the Board of Governors of the                Federal Reserve System, or the Federal Reserve; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | third-party risk, including risks that we may be unable to maintain or increase loan originations facilitated through our Strategic Programs; |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | reputational risks, including the risk that we may be subject to negative publicity about us or our industry, including the transparency, fairness, user experience,                quality, and reliability of our lending products or distribution channels; |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | legislative, regulatory, legal, and reputational risks related to our Strategic Programs, including those relating to our small dollar lending program; |
|--------|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | reversal of regulatory pronouncements that provided clarity for Strategic Programs on “true lender” rules; |
|--------|---------|------------------------------------------------------------------------------------------------------------------------|
|   | • | legal, accounting and compliance risks, including risks related to the extensive state and federal regulation under which we operate and changes in such                regulations; |
|--------|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | changes in the regulatory oversight environment impacting our Strategic Programs or non-compliance of federal and state consumer protection laws by our Strategic                Program service providers; and |
|--------|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   | • | investment risks, including volatility in the trading of our common stock and limitations on our ability to pay dividends. |
|--------|---------|----------------------------------------------------------------------------------------------------------------------------|

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| • | difficulty in estimating the value of any target company; |
|---------|-----------------------------------------------------------|
| • | investing time and incurring expense associated with identifying and evaluating potential investments or acquisitions and negotiating potential transactions, resulting in our attention              being diverted from the operation of our existing business; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the lack of history among our management team in working together on acquisitions and related integration activities; |
|---------|-----------------------------------------------------------------------------------------------------------------------|
| • | obtaining necessary regulatory approvals, which we may have difficulty obtaining or be unable to obtain; |
|---------|----------------------------------------------------------------------------------------------------------|
| • | the time, expense and difficulty of integrating the operations and personnel of any combined businesses; |
|---------|----------------------------------------------------------------------------------------------------------|
| • | unexpected asset quality problems with acquired companies; |
|---------|------------------------------------------------------------|

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| • | inaccurate estimates and judgments used to evaluate credit, operations, management and market risks with respect to any target institution or assets; |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | risks of impairment to goodwill or other-than-temporary impairment of investment securities; |
|---------|----------------------------------------------------------------------------------------------|
| • | potential exposure to unknown or contingent liabilities of banks and businesses we acquire; |
|---------|---------------------------------------------------------------------------------------------|
| • | an inability to realize expected synergies or returns on investment; |
|---------|----------------------------------------------------------------------|
| • | potential disruption of our ongoing banking business; |
|---------|-------------------------------------------------------|
| • | maintaining adequate regulatory capital; and |
|---------|----------------------------------------------|
| • | loss of key employees, key customers or key business counterparties following our investment or acquisition. |
|---------|--------------------------------------------------------------------------------------------------------------|

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| Item 1B. | UNRESOLVED STAFF COMMENTS |
|----------|---------------------------|
| Item 2. | PROPERTIES |
|---------|------------|
| Location                   |  | Owned/Leased |  | LeaseExpiration    |  | Type of Office         |
|----------------------------|--|--------------|--|--------------------|--|------------------------|
| Murray, Utah               |  | Leased       |  | October 31, 2029   |  | Corporate Headquarters |
| Sandy, Utah                |  | Leased       |  | July 31, 2024      |  | Retail Bank Branch     |
| Rockville Centre, New York |  | Leased       |  | September 30, 2022 |  | Loan Production Office |
| Item 3. | LEGAL PROCEEDINGS |
|---------|-------------------|
| Item 4. | MINE SAFETY DISCLOSURES |
|---------|-------------------------|
| Item 5. | MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES |
|---------|--------------------------------------------------------------------------------------------------------------------|

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Index

| Plan Category                                                  |   | Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights |    |   | Weighted-Average Exercise Price of Outstanding Options, Warrants and Rights |   |   | Number of Securities Remaining Available for Future Issuance under Equity Compensation Plans (excluding securities reflected in the first column) |   |
|----------------------------------------------------------------|--------|---------------------------------------------------------------------------------------------|---------|--------|-----------------------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| Equity compensation plans approved by security holders:        |   |                                                                                        |    |   |                                                                        |   |   |                                                                                                                                              |   |
| FinWise Bancorp 2016 Stock Option Plan                         |   |                                                                                        | 134,100 |   |                                                                        | $      | 2.84   |                                                                                                                                              |   |   | 24,612 |   |
| FinWise Bancorp 2019 Stock Option Plan                         |   |                                                                                        | 459,474 |   |                                                                        |   | 4.19   |                                                                                                                                              |   |   | 296,226 |   |
| Equity compensation plans not approved by security holders (1) |   |                                                                                        | 268,914 |   |                                                                        |   | 5.57   |                                                                                                                                              |   |   | 0 |   |
| Total                                                          |   |                                                                                        | 862,488 |   |                                                                        |   |   |                                                                                                                                              |   |   | 320,838 |   |

| (1) | Reflects (a) a grant to Kent Landvatter of 40,914 non-qualified stock options, (b) a grant to Javvis Jacobson of 60,000 non-qualified stock                  options, (c) a grant to James Noone of 60,000 non-qualified stock options, (d) grants to Russell F. Healey, Jr. of an aggregate of 18,000 non-qualified stock options, (e) grants to Howard Reynolds of an aggregate of 18,000 non-qualified                  stock options, (f) grants to Gerald E. Cunningham of an aggregate of 18,000 non-qualified stock options, (g) grants to Thomas E. Gibson of an aggregate of 18,000 non-qualified stock options, (h) grants to James N. Giordano of an aggregate                  of 18,000 non-qualified stock options, (i) grants to Jeana Hutchings of an aggregate of 9,000 non-qualified stock options and (j) grants to Lisa Ann Nievaard of an aggregate of 9,000 non-qualified stock options. |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Item 6. | [RESERVED] |
|---------|------------|

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| Item 7. | MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS |
|---------|---------------------------------------------------------------------------------------------|

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| ​                    |   | For the Years EndedDecember 31, |    |
|----------------------------|--------|---------------------------------|---------|
| ($ in thousands)           |   | 2021                            |    |   | 2020 |   |
| Interest income            |   | $                               | 49,243  |   |   | $ | 29,506 |   |
| Interest expense           |   |                            | (1,265  | ) |   |   | (1,756 | ) |
| Provision for loan losses  |   |                            | (8,039  | ) |   |   | (5,234 | ) |
| Non-interest income        |   |                            | 31,844  |   |   |   | 14,373 |   |
| Non-interest expense       |   |                            | (29,511 | ) |   |   | (21,749 | ) |
| Provision for income taxes |   |                            | (10,689 | ) |   |   | (3,942 | ) |
| Net income                 |   |                            | 31,583  |   |   |   | 11,198 |   |

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| ​                                                                           | Years Ended December 31, |    |
|-----------------------------------------------------------------------------------|--------------------------|---------|
| ​                                                                           | 2021                     |    |   | 2020 |   |
| ($ in thousands)                                                                  | AverageBalance           |    |   | Interest |   |   | AverageYield/Rate |   |   | AverageBalance |   |   | Interest |   |   | AverageYield/Rate |   |
| Interest earning assets:                                                          |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Interest-bearing deposits with the Federal Reserve, non                           |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| U.S. central banks and other banks                                                | $                        | 55,960  |   |   | $ | 61 |   |   |   | 0.1 | % |   | $ | 43,892 |   |   | $ | 201 |   |   |   | 0.5 | % |
| Investment securities                                                             |                     | 3,298   |   |   |   | 47 |   |   |   | 1.4 | % |   |   | 1,622 |   |   |   | 34 |   |   |   | 2.1 | % |
| Loans held for sale                                                               |                     | 59,524  |   |   |   | 22,461 |   |   |   | 37.7 | % |   |   | 20,154 |   |   |   | 10,560 |   |   |   | 52.4 | % |
| Loans held for investment                                                         |                     | 198,992 |   |   |   | 26,674 |   |   |   | 13.4 | % |   |   | 187,314 |   |   |   | 18,711 |   |   |   | 10.0 | % |
| Total interest earning assets                                                     |                     | 317,774 |   |   |   | 49,243 |   |   |   | 15.5 | % |   |   | 252,982 |   |   |   | 29,506 |   |   |   | 11.7 | % |
| Less: ALL                                                                         |                     | (7,548  | ) |   |   |   |   |   |   |   |   |   |   | (6,706 | ) |   |   |   |   |   |   |   |   |
| Non-interest earning assets                                                       |                     | 17,002  |   |   |   |   |   |   |   |   |   |   |   | 8,130 |   |   |   |   |   |   |   |   |   |
| Total assets                                                                      | $                        | 327,228 |   |   |   |   |   |   |   |   |   |   | $ | 254,406 |   |   |   |   |   |   |   |   |   |
| Interest bearing liabilities:                                                     |                     |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand                                                                            | $                        | 6,060   |   |   | $ | 53 |   |   |   | 0.9 | % |   | $ | 3,237 |   |   | $ | 62 |   |   |   | 1.9 | % |
| Savings                                                                           |                     | 7,897   |   |   |   | 10 |   |   |   | 0.1 | % |   |   | 6,234 |   |   |   | 16 |   |   |   | 0.3 | % |
| Money market accounts                                                             |                     | 21,964  |   |   |   | 75 |   |   |   | 0.3 | % |   |   | 16,327 |   |   |   | 104 |   |   |   | 0.6 | % |
| Certificates of deposit                                                           |                     | 72,311  |   |   |   | 1,000 |   |   |   | 1.4 | % |   |   | 57,496 |   |   |   | 1,401 |   |   |   | 2.4 | % |
| Total deposits                                                                    |                     | 108,232 |   |   |   | 1,138 |   |   |   | 1.1 | % |   |   | 83,294 |   |   |   | 1,583 |   |   |   | 1.9 | % |
| Other borrowings                                                                  |                     | 36,363  |   |   |   | 127 |   |   |   | 0.3 | % |   |   | 49,044 |   |   |   | 173 |   |   |   | 0.4 | % |
| Total interest bearing liabilities                                                |                     | 144,595 |   |   |   | 1,265 |   |   |   | 0.9 | % |   |   | 132,338 |   |   |   | 1,756 |   |   |   | 1.3 | % |
| Non-interest bearing deposits                                                     |                     | 107,481 |   |   |   |   |   |   |   |   |   |   |   | 80,537 |   |   |   |   |   |   |   |   |   |
| Non-interest bearing liabilities                                                  |                     | 11,392  |   |   |   |   |   |   |   |   |   |   |   | 3,941 |   |   |   |   |   |   |   |   |   |
| Shareholders’ equity                                                        |                     | 63,760  |   |   |   |   |   |   |   |   |   |   |   | 37,590 |   |   |   |   |   |   |   |   |   |
| Total liabilities and shareholders’ equity                                  | $                        | 327,228 |   |   |   |   |   |   |   |   |   |   | $ | 254,406 |   |   |   |   |   |   |   |   |   |
| Net interest income and interest rate spread                                      |                     |    |   |   | $ | 47,978 |   |   |   | 14.6 | % |   |   |   |   |   | $ | 27,750 |   |   |   | 10.3 | % |
| Net interest margin                                                               |                     |    |   |   |   |   |   |   |   | 15.1 | % |   |   |   |   |   |   |   |   |   |   | 11.0 | % |
| Ratio of average interest-earning assets to average interest- bearing liabilities |                     |    |   |   |   |   |   |   |   | 219.8 | % |   |   |   |   |   |   |   |   |   |   | 191.2 | % |

----

Index

|                                                                                       | Years Ended December 31,   |   |
|--------------------------------------------------------------------------------------------|----------------------------|--------|
| ​                                                                                    | 2021                       |   |   |   | 2020 |   |
| ​                                                                                    | Increase (Decrease) Due to |   |   |   | Increase (Decrease) Due to |   |
| ($ in thousands)                                                                           | Rate                       |   |   | Volume |   |   | Total |   |   |   | ​ Rate |   |   | Volume |   |   | Total |   |
| Interest income:                                                                           |                       |   |   |   |   |   |   |   |   |   | ​ |   |   |   |   |   |   |   |
| Interest-bearing deposits with the Federal Reserve, non-U.S. central banks and other banks | $                          | (219   | ) |   | $ | 79 |   |   | $ | (140 | ) |   | $ | ​(790 | ) |   | $ | 327 |   |   | $ | (463 | ) |
| Investment securities                                                                      |                       | (6     | ) |   |   | 19 |   |   |   | 13 |   |   |   | ​(3 | ) |   |   | 21 |   |   |   | 18 |   |
| Loans held-for-sale                                                                        |                       | (1,990 | ) |   |   | 13,891 |   |   |   | 11,901 |   |   |   | ​(1,036 | ) |   |   | 3,814 |   |   |   | 2,778 |   |
| Loans held for investment                                                                  |                       | 6,735  |   |   |   | 1,228 |   |   |   | 7,963 |   |   |   | ​(2,185 | ) |   |   | 7,950 |   |   |   | 5,765 |   |
| Total interest income                                                                      |                       | 4,520  |   |   |   | 15,217 |   |   |   | 19,737 |   |   |   | ​(4,014 | ) |   |   | 12,112 |   |   |   | 8,098 |   |
| Interest expense:                                                                          |                       |   |   |   |   |   |   |   |   |   |   |   |   | ​ |  |   |   |   |   |   |   |   |   |
| Demand                                                                                     |                       | 15     |   |   |   | (24 | ) |   |   | (9 | ) |   |   | ​30 |  |   |   | 32 |   |   |   | 62 |   |
| Savings                                                                                    |                       | (13    | ) |   |   | 7 |   |   |   | (6 | ) |   |   | ​— |  |   |   | 4 |   |   |   | 4 |   |
| Money market accounts                                                                      |                       | (113   | ) |   |   | 84 |   |   |   | (29 | ) |   |   | ​(18 | ) |   |   | 13 |   |   |   | (5 | ) |
| Certificates of deposit                                                                    |                       | (992   | ) |   |   | 591 |   |   |   | (401 | ) |   |   | ​(52 | ) |   |   | 112 |   |   |   | 60 |   |
| Other borrowings                                                                           |                       | (2     | ) |   |   | (44 | ) |   |   | (46 | ) |   |   | ​87 |  |   |   | 86 |   |   |   | 173 |   |
| Total interest bearing liabilities                                                         |                       | (1,105 | ) |   |   | 614 |   |   |   | (491 | ) |   |   | ​47 |  |   |   | 247 |   |   |   | 294 |   |
| Net interest income                                                                        | $                          | 5,625  |   |   | $ | 14,603 |   |   | $ | 20,228 |   |   | $ | ​(4,061 | ) |   | $ | 11,865 |   |   | $ | 7,804 |   |

----

Index

| ​                                   |   | For the Years EndedDecember 31, |   |   | Change |   |
|-------------------------------------------|--------|---------------------------------|--------|--------|--------|--------|
| ($ in thousands)                          |   | 2021                            |   |   | 2020   |   |   | $ |   |   |  | % |   |
| Noninterest income:                       |   |                            |   |   |   |   |   |   |   |   |   |   |   |
| Strategic Program fees                    |   | $                               | 17,959 |   |   | $      | 9,591 |   |   | $ | 8,368 |   |   |   | 87.3 | % |
| Gain on sale of loans                     |   |                            | 9,689  |   |   |   | 2,849 |   |   |   | 6,840 |   |   |   | 240.1 | % |
| SBA loan servicing fees                   |   |                            | 1,156  |   |   |   | 1,028 |   |   |   | 128 |   |   |   | 12.5 | % |
| Change in fair value on investment in BFG |   |                            | 2,991  |   |   |   | 856 |   |   |   | 2,135 |   |   |   | 249.4 | % |
| Other miscellaneous income                |   |                            | 49     |   |   |   | 49 |   |   |   | — |   |   |   | 0.0 | % |
| Total noninterest income                  |   | $                               | 31,844 |   |   | $      | 14,373 |   |   | $ | 17,471 |   |   |   | 121.6 | % |

----

Index

| ($ in thousands)                  |   | For the Years EndedDecember 31, |    |   | Change |   |
|-----------------------------------|--------|---------------------------------|---------|--------|--------|--------|
| ​                           |   | 2021                            |    |   | 2020   |   |   | $ |   |   |  | % |   |
| Noninterest expense:              |   |                            |    |   |   |   |   |   |   |   |   |   |   |
| Salaries and employee benefits    |   | $                               | 22,365  |   |   | $      | 16,835 |   |   | $ | 5,530 |   |   |   | 32.9 | % |
| Occupancy and equipment expenses  |   |                            | 810     |   |   |   | 694 |   |   |   | 116 |   |   |   | 16.7 | % |
| Impairment of SBA servicing asset |   |                            | 800     |   |   |   | — |   |   |   | 800 |   |   |   | 100.0 | % |
| Loss on investment in BFG         |   |                            | — |   |   |   | 50 |   |   |   | (50 | ) |   |   | -100.0 | % |
| Other operating expenses          |   |                            | 5,536   |   |   |   | 4,170 |   |   |   | 1,366 |   |   |   | 32.8 | % |
| Total noninterest expense         |   | $                               | 29,511  |   |   | $      | 21,749 |   |   | $ | 7,762 |   |   |   | 35.7 | % |

----

Index

----

Index

| ​                     |   | As of December 31, |    |
|-----------------------------|--------|--------------------|---------|
| ​                     |   | 2021               |    |   | 2020 |   |
| ​                     |   | Amount             |    |   | % oftotalloans |   |   | Amount |   |   | % oftotalloans |   |
| SBA(1)                      |   | $                  | 142,392 |   |   |   | 53.6 | % |   | $ | 203,317 |   |   |   | 77.7 | % |
| Commercial, non real estate |   |               | 3,428   |   |   |   | 1.3 | % |   |   | 4,020 |   |   |   | 1.5 | % |
| Residential real estate     |   |               | 27,108  |   |   |   | 10.2 | % |   |   | 17,740 |   |   |   | 6.8 | % |
| Strategic Program loans     |   |               | 85,850  |   |   |   | 32.3 | % |   |   | 28,265 |   |   |   | 10.8 | % |
| Commercial real estate      |   |               | 2,436   |   |   |   | 0.9 | % |   |   | 2,892 |   |   |   | 1.1 | % |
| Consumer                    |   |               | 4,574   |   |   |   | 1.7 | % |   |   | 5,543 |   |   |   | 2.1 | % |
| Total                       |   | $                  | 265,788 |   |   |   | 100.0 | % |   | $ | 261,777 |   |   |   | 100.0 | % |

----

Index

| At December 31, 2021        |   | Remaining Contractual Maturity Held for Investment |    |
|-----------------------------|--------|----------------------------------------------------|---------|
| ($ in thousands)            |   | One Yearor Less                                    |    |   | After OneYear andThroughFive Years |   |   | After FiveYears andThroughFifteenYears |   |   | AfterFifteenYears |   |   | Total |   |
| Fixed rate loans:           |   |                                               |    |   |   |   |   |   |   |   |   |   |   |   |   |
| SBA(1)                      |   | $​                                           | 644     |   |   | $ | 732 |   |   | $ | 259 |   |   | $ | 114 |   |   | $ | 1,749 |   |
| Commercial, non-real estate |   |                                               | 1,168   |   |   |   | 2,112 |   |   |   | 142 |   |   |   | 6 |   |   |   | 3,428 |   |
| Residential real estate     |   |                                               | 2,876   |   |   |   | 1,519 |   |   |   | — |   |   |   | — |   |   |   | 4,395 |   |
| Strategic Program loans     |   |                                               | 18,121  |   |   |   | 6,981 |   |   |   | — |   |   |   | — |   |   |   | 25,102 |   |
| Commercial real estate      |   |                                               | 1,565   |   |   |   | 639 |   |   |   | 7 |   |   |   | 1 |   |   |   | 2,212 |   |
| Consumer                    |   |                                               | 1,500   |   |   |   | 2,793 |   |   |   | 66 |   |   |   | — |   |   |   | 4,359 |   |
| ​                     |   |                                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Variable rate loans:        |   |                                               |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SBA                         |   |                                               | 7,920   |   |   |   | 31,598 |   |   |   | 58,493 |   |   |   | 42,632 |   |   |   | 140,643 |   |
| Commercial, non-real estate |   |                                               | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Residential real estate     |   |                                               | 22,234  |   |   |   | 291 |   |   |   | 188 |   |   |   | — |   |   |   | 22,713 |   |
| Strategic Program loans     |   |                                               | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Commercial real estate      |   |                                               | 224     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 224 |   |
| Consumer                    |   |                                               | 62      |   |   |   | 153 |   |   |   | — |   |   |   | — |   |   |   | 215 |   |
| Total                       |   | $                                                  | 56,314  |   |   | $ | 46,818 |   |   | $ | 59,155 |   |   | $ | 42,753 |   |   | $ | 205,040 |   |
| At December 31, 2020        |   | Remaining Contractual Maturity Held for Investment |   |
|-----------------------------|--------|----------------------------------------------------|--------|
| ($ in thousands)            |   | One Yearor Less                                    |   |   | After OneYear andThroughFive Years |   |   | After FiveYears andThroughFifteenYears |   |   | AfterFifteenYears |   |   | Total |   |
| Fixed rate loans:           |   |                                               |   |   |   |   |   |   |   |   |   |   |   |   |   |
| SBA(1)                      |   | $                                                  | 53,093 |   |   | $ | 54,376 |   |   | $ | 339 |   |   | $ | 158 |   |   | $ | 107,966 |   |
| Commercial, non-real estate |   |                                               | 1,746  |   |   |   | 2,203 |   |   |   | 70 |   |   |   | 1 |   |   |   | 4,020 |   |
| Residential real estate     |   |                                               | 4,788  |   |   |   | 1,392 |   |   |   | — |   |   |   | — |   |   |   | 6,180 |   |
| Strategic Program loans     |   |                                               | 6,547  |   |   |   | 770 |   |   |   | — |   |   |   | — |   |   |   | 7,317 |   |
| Commercial real estate      |   |                                               | 1,902  |   |   |   | 766 |   |   |   | 17 |   |   |   | — |   |   |   | 2,685 |   |
| Consumer                    |   |                                               | 1,737  |   |   |   | 3,226 |   |   |   | 20 |   |   |   | — |   |   |   | 4,983 |   |

| Variable rate loans:        |   |   |    |   |   |   |    |   |   |   |    |   |   |   |    |
|-----------------------------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|--------|--------|--------|---------|
| SBA                         |   |   | 5,762   |   |   |   | 23,009  |   |   |   | 39,866  |   |   |   | 26,714  |   |   |   | 95,351 |   |
| Commercial, non-real estate |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Residential real estate     |   |   | 10,696  |   |   |   | 747     |   |   |   | 117     |   |   |   | — |   |   |   | 11,560 |   |
| Strategic Program loans     |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | — |   |
| Commercial real estate      |   |   | 207     |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 207 |   |
| Consumer                    |   |   | 191     |   |   |   | 369     |   |   |   | — |   |   |   | — |   |   |   | 560 |   |
| Total                       |   | $      | 86,669  |   |   | $      | 86,858  |   |   | $      | 40,429  |   |   | $      | 26,873  |   |   | $ | 240,829 |   |

----

Index

----

Index

| ​                                                                                          |   | As of December 31, |    |
|--------------------------------------------------------------------------------------------------|--------|--------------------|---------|
| ($ in thousands)                                                                                 |   | 2021               |    |   | 2020 |   |
| Nonaccrual loans:                                                                                |   |               |    |   |   |   |
| SBA                                                                                              |   | $                  | 657     |   |   | $ | 816 |   |
| Commercial, non real estate                                                                      |   |               | — |   |   |   | — |   |
| Residential real estate                                                                          |   |               | — |   |   |   | — |   |
| Strategic Program loans                                                                          |   |               | — |   |   |   | 15 |   |
| Total nonperforming loans                                                                        |   | $                  | 657     |   |   | $ | 831 |   |
| ​                                                                                          |   |               |    |   |   |   |   |   |
| Total accruing loans past due 90 days or more                                                    |   | $                  | 54      |   |   | $ | 1 |   |
| Nonaccrual troubled debt restructuring                                                           |   | $                  | 25      |   |   | $ | 53 |   |
| Total troubled debt restructurings                                                               |   |               | 106     |   |   |   | 870 |   |
| Other Real Estate Owned                                                                          |   |               | — |   |   |   | — |   |
| Less nonaccrual troubled debt restructurings                                                     |   |               | (25     | ) |   |   | (53 | ) |
| Total nonperforming assets and troubled debt restructurings                                      |   | $                  | 763     |   |   | $ | 1,701 |   |
| Total nonperforming loans to total loans                                                         |   |               | 0.2     | % |   |   | 0.3 | % |
| Total nonperforming loans to total assets                                                        |   |               | 0.2     | % |   |   | 0.3 | % |
| Total nonperforming assets and troubled debt restructurings to total loans                       |   |               | 0.3     | % |   |   | 0.6 | % |
| Total nonperforming assets and troubled debt restructurings to total assets                      |   |               | 0.2     | % |   |   | 0.5 | % |
| Total nonperforming assets and troubled debt restructurings to total assets (less PPP loans) (1) |   |               | 0.2     | % |   |   | 0.8 | % |

----

Index

----

Index

| ​                     |   | As of December 31, 2021 |    |   |                  |   |
|-----------------------------|--------|-------------------------|---------|--------|-----------------------|--------|
| ($ in thousands)            |   | PassGrade 1-4           |    |   | SpecialMentionGrade 5 |   |   | Classified/DoubtfulGrade 6-7 |   |   | LossGrade 8 |   |   | Total |   |
| SBA                         |   | $                       | 139,985 |   |                  | $      | 1,435 |   |   | $ | 972 |   |   | $ | — |   |   | $ | 142,392 |   |
| Commercial, non real estate |   |                    | 3,382   |   |                  |   | 46 |   |   |   | — |   |   |   | — |   |   |   | 3,428 |   |
| Residential real estate     |   |                    | 27,108  |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | 27,108 |   |
| Commercial real estate      |   |                    | 2,436   |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | 2,436 |   |
| Consumer                    |   |                    | 4,574   |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | 4,574 |   |
| Not Risk Graded             |   |                    |    |   |                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Strategic Program(1) loans  |   |                    | — |   |                  |   | — |   |   |   | — |   |   |   | — |   |   |   | 85,850 |   |
| Total                       |   | $                       | 177,485 |   |                  | $      | 1,481 |   |   | $ | 972 |   |   | $ | — |   |   | $ | 265,788 |   |

----

Index

| ​                     |   | As of December 31, 2020 |    |
|-----------------------------|--------|-------------------------|---------|
| ($ in thousands)            |   | PassGrade 1-4           |    |   | SpecialMentionGrade 5 |   |   | Classified/DoubtfulGrade 6-7 |   |   | LossGrade 8 |   |   | Total |   |
| SBA                         |   | $                       | 200,360 |   |   | $ | 2,040 |   |   | $ | 917 |   |   |   | — |   |   | $ | 203,317 |   |
| Commercial, non real estate |   |                    | 3,960   |   |   |   | 60 |   |   |   | — |   |   |   | — |   |   |   | 4,020 |   |
| Residential real estate     |   |                    | 16,984  |   |   |   | — |   |   |   | 756 |   |   |   | — |   |   |   | 17,740 |   |
| Commercial real estate      |   |                    | 2,892   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 2,892 |   |
| Consumer                    |   |                    | 5,543   |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 5,543 |   |
| Not Risk Graded             |   |                    |    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Strategic Program(1) loans  |   |                    | — |   |   |   | — |   |   |   | — |   |   |   | — |   |   |   | 28,265 |   |
| Total                       |   | $                       | 229,739 |   |   | $ | 2,100 |   |   | $ | 1,673 |   |   |   | — |   |   | $ | 261,777 |   |
| • | Specific allowance for identified impaired loans. For such loans that are identified as impaired, an allowance is established when the discounted                cash flows (or collateral value if the loan is collateral dependent) or observable market price of the impaired loan are lower than the carrying value of that loan. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | General valuation allowance. This component represents a valuation allowance on the remainder of the loan portfolio, after excluding impaired                loans. For this portion of the allowance, loans are reviewed based on industry, stage and structure and are assigned allowance percentages based on historical loan loss experience for similar loans with similar characteristics and trends                adjusted for qualitative factors. Qualitative factors that, in management’s judgment, affect the collectability of the portfolio as of the evaluation date, may include changes in lending policies and procedures; changes in national and                local economic and business conditions, including the condition of various market sectors; changes in the nature and volume of the portfolio; changes in the experience, ability and depth of lending management and staff; changes in the                volume and severity of past due and classified loans and in the volume of nonaccruals, troubled debt restructurings, and other loan modifications; the existence and effect of any concentrations of credit and changes in the level of such                concentrations; and the effect of external factors, such as competition and legal and regulatory requirements, on the level of estimated and inherent credit losses in our current portfolio. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| ​                     |   | For the Year EndedDecember 31, |    |
|-----------------------------|--------|--------------------------------|---------|
| ($ in thousands)            |   | 2021                           |    |   | 2020 |   |
| ALL:                        |   |                           |    |   |   |   |
| Beginning balance           |   | $                              | 6,199   |   |   | $ | 4,531 |   |
| Provision for loan losses   |   |                           | 8,039   |   |   |   | 5,234 |   |
| Charge offs                 |   |                           |    |   |   |   |   |   |
| SBA                         |   |                           | (154    | ) |   |   | (197 | ) |
| Commercial, non-real estate |   |                           | (63     | ) |   |   | (332 | ) |
| Residential real estate     |   |                           | — |   |   |   | — |   |
| Strategic Program loans     |   |                           | (4,684  | ) |   |   | (3,262 | ) |
| Commercial real estate      |   |                           | — |   |   |   | — |   |
| Consumer                    |   |                           | (4      | ) |   |   | (17 | ) |
| Recoveries                  |   |                           |    |   |   |   |   |   |
| SBA                         |   |                           | 46      |   |   |   | — |   |
| Commercial, non-real estate |   |                           | 103     |   |   |   | — |   |
| Residential real estate     |   |                           | — |   |   |   | — |   |
| Strategic Program loans     |   |                           | 372     |   |   |   | 236 |   |
| Commercial real estate      |   |                           | — |   |   |   | 5 |   |
| Consumer                    |   |                           | 1       |   |   |   | 1 |   |
| Ending balance              |   | $​9,855                  |    |   | $ | 6,199 |   |

----

Index

| ​                     |   | December 31, 2021 |   |
|-----------------------------|--------|-------------------|--------|
| ($ in thousands)            |   | Amount            |   |   | Total Loans |   |   | % ofTotalAllowance |   |   | % of Loans inCategory ofTotal Loans |   |
| SBA                         |   | $                 | 2,739  |   |   | $ | 142,392 |   |   |   | 27.8 | % |   |   | 53.6 | % |
| Commercial, non real estate |   |              | 132    |   |   |   | 3,428 |   |   |   | 1.3 | % |   |   | 1.3 | % |
| Residential real estate     |   |              | 352    |   |   |   | 27,108 |   |   |   | 3.6 | % |   |   | 10.2 | % |
| Strategic Program loans     |   |              | 6,549  |   |   |   | 85,850 |   |   |   | 66.5 | % |   |   | 32.3 | % |
| Commercial real estate      |   |              | 21     |   |   |   | 2,436 |   |   |   | 0.2 | % |   |   | 0.9 | % |
| Consumer                    |   |              | 62     |   |   |   | 4,574 |   |   |   | 0.6 | % |   |   | 1.7 | % |
| Total                       |   | $                 | 9,855  |   |   | $ | 265,788 |   |   |   | 100.0 | % |   |   | 100.0 | % |
| ​                     |   | December 31, 2020 |   |
|-----------------------------|--------|-------------------|--------|
| ($ in thousands)            |   | Amount            |   |   | Total Loans |   |   | % ofTotalAllowance |   |   | % of Loans inCategory ofTotal Loans |   |
| SBA                         |   | $                 | 920    |   |   | $ | 203,317 |   |   |   | 14.8 | % |   |   | 77.7 | % |
| Commercial, non real estate |   |              | 232    |   |   |   | 4,020 |   |   |   | 3.8 | % |   |   | 1.5 | % |
| Residential real estate     |   |              | 855    |   |   |   | 17,740 |   |   |   | 13.8 | % |   |   | 6.8 | % |
| Strategic Program loans     |   |              | 4,111  |   |   |   | 28,265 |   |   |   | 66.3 | % |   |   | 10.8 | % |
| Commercial real estate      |   |              | 19     |   |   |   | 2,892 |   |   |   | 0.3 | % |   |   | 1.1 | % |
| Consumer                    |   |              | 62     |   |   |   | 5,543 |   |   |   | 1.0 | % |   |   | 2.1 | % |
| Total                       |   | $                 | 6,199  |   |   | $ | 261,777 |   |   |   | 100.0 | % |   |   | 100.0 | % |
| ​                                                       |   | As of December 31, |    |
|---------------------------------------------------------------|--------|--------------------|---------|
| ​                                                       |   | 2021               |    |   | 2020 |   |
| ALL to nonperforming loans                                    |   |               | 1,499.1 | % |   |   | 745.7 | % |
| Net charge-offs to average loans outstanding by loan category |   |               |    |   |   |   |   |   |
| SBA                                                           |   |               | 0.1     | % |   |   | 0.1 | % |
| Commercial, non-real estate                                   |   |               | (1.0    | %) |   |   | 5.9 | % |
| Residential real estate                                       |   |               | 0.0     | % |   |   | 0.0 | % |
| Strategic Program loans                                       |   |               | 5.7     | % |   |   | 9.6 | % |
| Commercial real estate                                        |   |               | 0.0     | % |   |   | (0.1 | %) |
| Consumer                                                      |   |               | 0.1     | % |   |   | 0.3 | % |

----

Index

| ​                    |   | At December 31. 2021 |    |
|----------------------------|--------|----------------------|---------|
| ​                    |   | One Year or Less     |    |   | After One to Five Years |   |
| ($ in thousands)           |   | AmortizedCost        |    |   | WeightedAverage Yield |   |   | AmortizedCost |   |   | WeightedAverage Yield |   |
| Mortgage-backed securities |   | $                    | — |   |   |   | — |   |   | $ | — |   |   |   | — |   |
| ​                    |   | At December 31, 2021             |   |   |                          |   |
|----------------------------|--------|----------------------------------|--------|--------|--------------------------|--------|
| ​                    |   | After Five to Ten Years Weighted |   |   | After Ten Years Weighted |   |   |  |   |
| ($ in thousands)           |   | AmortizedCost                    |   |   | WeightedAverage Yield    |   |   | AmortizedCost |   |   | WeightedAverage Yield |   |   | TotalAmortizedCost |   |
| Mortgage-backed securities |   | $                                | 1,541  |   |                     |   | 1.3 | % |   | $ | 9,882 |   |   |   | 1.5 | % |   | $ | 11,423 |   |

----

Index

|                                     |   | For the Years Ended December 31, |    |
|-------------------------------------|--------|----------------------------------|---------|
| ​                             |   | 2021                             |    |   | 2020 |   |
| ($ in thousands)                    |   | Total                            |    |   | Percent |   |   | Total |   |   | Percent |   |
| Period end:                         |   |                             |    |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing demand deposits |   | $                                | 110,548 |   |   |   | 43.9 | % |   | $ | 88,067 |   |   |   | 53.5 | % |
| Interest-bearing deposits:          |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand                              |   |                             | 5,399   |   |   |   | 2.1 | % |   |   | 6,095 |   |   |   | 3.7 | % |
| Savings                             |   |                             | 6,685   |   |   |   | 2.7 | % |   |   | 7,435 |   |   |   | 4.5 | % |
| Money markets                       |   |                             | 31,076  |   |   |   | 12.3 | % |   |   | 17,567 |   |   |   | 10.7 | % |
| Time certificates of deposit        |   |                             | 98,184  |   |   |   | 39.0 | % |   |   | 45,312 |   |   |   | 27.6 | % |
| Total period end deposits           |   | $                                | 251,892 |   |   |   | 100.0 | % |   | $ | 164,476 |   |   |   | 100.0 | % |
| Average:                            |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Noninterest-bearing demand deposits |   | $                                | 107,481 |   |   |   | 49.8 | % |   | $ | 80,537 |   |   |   | 49.2 | % |
| Interest-bearing deposits:          |   |                             |    |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Demand                              |   |                             | 6,060   |   |   |   | 2.8 | % |   |   | 3,237 |   |   |   | 2.0 | % |
| Savings                             |   |                             | 7,897   |   |   |   | 3.7 | % |   |   | 6,234 |   |   |   | 3.8 | % |
| Money market                        |   |                             | 21,964  |   |   |   | 10.2 | % |   |   | 16,327 |   |   |   | 9.9 | % |
| Time certificates of deposit        |   |                             | 72,311  |   |   |   | 33.5 | % |   |   | 57,496 |   |   |   | 35.1 | % |
| Total average deposits              |   | $                                | 215,713 |   |   |   | 100.0 | % |   | $ | 163,831 |   |   |   | 100.0 | % |
| ($ in thousands)         |   | Threemonthsor less |    |   | More thanthree monthsto six months |   |   | More thansix monthsto twelvemonths |   |   | More thantwelvemonths |   |   | Total |   |
|--------------------------|--------|--------------------|---------|--------|------------------------------------|--------|--------|------------------------------------|--------|--------|-----------------------|--------|--------|-------|--------|
| Time deposits, uninsured |   | $                  | — |   |                               | $      | 128    |                               |   | $      | 501                   |   |   | $     | 155    |   |   | $ | 784 |   |

----

Index

----

Index

| ​                     |   | December 31, |   |   |        |   |
|-----------------------------|--------|--------------|--------|--------|--------|--------|
| Capital Ratios              |   | 2021         |   |   | 2020   |   |   | Well-CapitalizedRequirement |   |
| Leverage Ratio (under CBLR) |   |         | 17.7   | %      |   |   | 16.6 | % |   |   | 8.5 | %(1) |

----

Index

| ($ in thousands)                 |   | Total  |    |   | Less thanOne Year |            |    | One toThreeYears |   |    | Three toFive Years |   |   | MoreThan FiveYears |   |
|----------------------------------|--------|--------|---------|--------|-------------------|-----------------|---------|------------------|--------|---------|--------------------|--------|--------|--------------------|--------|
| Contractual Obligations          |   |   |    |   |              |            |    |             |   |    |               |   |   |               |   |
| Deposits without stated maturity |   | $      | 115,947 |   |              | $​115,947 |    |             | $      | — |               |   | $      | —            |   |   | $ | — |   |
| Time deposits                    |   |   | 98,184  |   |              |            | 41,567  |             |   |    | 37,023             |   |   |               | 19,594 |   |   |   | — |   |
| Long term borrowings(1)          |   |   | 1,050   |   |              |            | 573     |             |   |    | —            |   |   |               | 477    |   |   |   | — |   |
| Operating lease obligations      |   |   | 8,717   |   |              |            | 946     |             |   |    | 2,212              |   |   |               | 2,204  |   |   |   | 3,355 |   |
| Total                            |   | $      | 223,898 |   |              | $               | 159,033 |             |   | $       | 39,235             |   |   | $                  | 22,275 |   |   | $ | 3,355 |   |
| ​                             |   | As of December 31, |   |
|-------------------------------------|--------|--------------------|--------|
| ($ in thousands)                    |   | 2021               |   |   | 2020 |   |
| Revolving, open-end lines of credit |   | $                  | 1,259  |   |   | $ | 757 |   |
| Commercial real estate              |   |               | 15,402 |   |   |   | 14,468 |   |
| Other unused commitments            |   |               | 377    |   |   |   | 928 |   |
| Total commitments                   |   | $                  | 17,038 |   |   | $ | 16,153 |   |

----

Index

----

Index

| • | Expected Term. The expected term represents the period that our awards are expected to be outstanding. We calculated the expected term using a                permitted simplified method, which is based on the vesting period and contractual term for each tranche of awards. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Expected Volatility. The expected volatility was based on the historical share volatility of several comparable publicly traded companies over a                period of time equal to the expected term of the awards, as we do not have any trading history to use the volatility of our own common shares. The comparable companies were chosen based on their size, stage in life cycle and area of                specialty. We will continue to apply this process until a sufficient amount of historical information regarding the volatility of our own share price becomes available. |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Risk-Free Interest Rate. The risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods corresponding                with the expected life. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Expected Dividend Yield. We have not paid dividends on our common shares nor do we expect to pay dividends in the foreseeable future. Therefore,                we used an expected dividend yield of zero. |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

Index

| • | Our financial performance, capital structure and stage of development; |
|---------|------------------------------------------------------------------------|
| • | Our management team and business strategy; |
|---------|--------------------------------------------|
| • | External market conditions affecting our industry, including competition and regulatory landscape; |
|---------|----------------------------------------------------------------------------------------------------|
| • | Our financial position and forecasted operating results; |
|---------|----------------------------------------------------------|
| • | The lack of an active public or private market for our equity shares; |
|---------|-----------------------------------------------------------------------|
| • | Historical discussions we have had with potential private investors; |
|---------|----------------------------------------------------------------------|
| • | The likelihood of achieving a liquidity event, such as a sale of the Company or an initial public offering of our equity shares; and |
|---------|--------------------------------------------------------------------------------------------------------------------------------------|
| • | Market performance analyses, including with respect to share price valuation, of similar companies in our industry. |
|---------|---------------------------------------------------------------------------------------------------------------------|

----

Index

| • | “Tangible book value per share” is defined as book value per share less goodwill and other intangible assets, divided by the outstanding number of common shares at the end of each period.                The most directly comparable GAAP financial measure is book value per share. We had no goodwill or other intangible assets as of any of the dates indicated. We have not considered loan servicing rights as an intangible asset for purposes of                this calculation. As a result, tangible book value per share is the same as book value per share as of each of the dates indicated. |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | “Total nonperforming assets and troubled debt restructurings to total assets (less PPP loans)” is defined as the sum of nonperforming assets and troubled debt restructurings divided by                total assets minus PPP loans. The most directly comparable GAAP financial measure is the sum of nonperforming assets and troubled debt restructurings to total assets. We believe this measure is important because we believe that PPP loans                will not be included in nonperforming assets or troubled debt restructurings since PPP loans are 100% guaranteed by the SBA. We believe that the non-GAAP measure more accurately discloses the proportion of nonperforming assets and troubled                debt restructurings to total assets consistently with periods prior to the presence of PPP loans. |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| ​                                                                                      |   | Year EndedDecember 31, |    |
|----------------------------------------------------------------------------------------------|--------|------------------------|---------|
| ($ in thousands)                                                                             |   | 2021                   |    |   | 2020 |   |
| Total nonperforming assets and troubled debt restructuring                                   |   | $​               | 763     |   |   | $ | 1,701 |   |
| Total assets                                                                                 |   | $                      | 380,214 |   |   | $ | 317,515 |   |
| PPP loans                                                                                    |   | $​               | 1,091   |   |   | $ | 107,145 |   |
| Total assets less PPP loans                                                                  |   | $                      | 379,123 |   |   | $ | 210,370 |   |
| Total nonperforming assets and troubled debt restructurings to total assets (less PPP loans) |   |                   | 0.2     | % |   |   | 0.8 | % |

----

Index

| Item 7A. | Quantitative and Qualitative Disclosures About Market Risk |
|----------|------------------------------------------------------------|

| Item 8. | Financial Statements and Supplementary Data |
|---------|---------------------------------------------|

|                                                                   | Page |
|------------------------------------------------------------------------|------|
| Report of Independent Registered Public Accounting Firm (PCAOB ID 173) | 77   |
| Consolidated Balance Sheet                                             | 78   |
| Consolidated Statements of Income                                      | 79   |
| Consolidated Statements of Changes in Shareholders’ Equity       | 80   |
| Consolidated Statements of Cash Flows                                  | 81   |
| Notes to Consolidated Financial Statements                             | 82   |

----

Index

| ​                                                                                                                                                                                        |   | December 31, |    |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|---------|
| ​                                                                                                                                                                                        |   | 2021         |    |   | 2020 |   |
| ASSETS                                                                                                                                                                                         |   |         |    |   |   |   |
| Cash and cash equivalents                                                                                                                                                                      |   |         |    |   |   |   |
| Cash and due from banks                                                                                                                                                                        |   | $            | 411     |   |   | $ | 405 |   |
| Interest-bearing deposits                                                                                                                                                                      |   |         | 85,343  |   |   |   | 46,978 |   |
| Total cash and cash equivalents                                                                                                                                                                |   |         | 85,754  |   |   |   | 47,383 |   |
| Investment securities held-to-maturity, at cost                                                                                                                                                |   |         | 11,423  |   |   |   | 1,809 |   |
| Investment in Federal Home Loan Bank (FHLB) stock, at cost                                                                                                                                     |   |         | 378     |   |   |   | 205 |   |
| Loans receivable, net                                                                                                                                                                          |   |         | 198,102 |   |   |   | 232,074 |   |
| Strategic Program loans held-for-sale, at lower of cost or fair value                                                                                                                          |   |         | 60,748  |   |   |   | 20,948 |   |
| Premises and equipment, net                                                                                                                                                                    |   |         | 3,285   |   |   |   | 1,264 |   |
| Accrued interest receivable                                                                                                                                                                    |   |         | 1,548   |   |   |   | 1,629 |   |
| Deferred taxes, net                                                                                                                                                                            |   |         | 1,823   |   |   |   | 452 |   |
| SBA servicing asset, net                                                                                                                                                                       |   |         | 3,938   |   |   |   | 2,415 |   |
| Investment in Business Funding Group (BFG), at fair value                                                                                                                                      |   |         | 5,900   |   |   |   | 3,770 |   |
| Investment in FinWise Investments, LLC                                                                                                                                                         |   |         | 80      |   |   |   | — |   |
| Other assets                                                                                                                                                                                   |   |         | 7,235   |   |   |   | 5,566 |   |
| Total assets                                                                                                                                                                                   |   | $            | 380,214 |   |   | $ | 317,515 |   |
| ​                                                                                                                                                                                        |   |         |    |   |   |   |   |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY                                                                                                                                                           |   |         |    |   |   |   |   |   |
| Liabilities                                                                                                                                                                                    |   |         |    |   |   |   |   |   |
| Deposits                                                                                                                                                                                       |   |         |    |   |   |   |   |   |
| Noninterest-bearing                                                                                                                                                                            |   | $            | 110,548 |   |   | $ | 88,067 |   |
| Interest-bearing                                                                                                                                                                               |   |         | 141,344 |   |   |   | 76,409 |   |
| Total deposits                                                                                                                                                                                 |   |         | 251,892 |   |   |   | 164,476 |   |
| Accrued interest payable                                                                                                                                                                       |   |         | 48      |   |   |   | 195 |   |
| Income taxes payable, net                                                                                                                                                                      |   |         | 233     |   |   |   | 709 |   |
| PPP Liquidity Facility                                                                                                                                                                         |   |         | 1,050   |   |   |   | 101,007 |   |
| Other liabilities                                                                                                                                                                              |   |         | 11,549  |   |   |   | 5,256 |   |
| Total liabilities                                                                                                                                                                              |   |         | 264,772 |   |   |   | 271,643 |   |
| ​                                                                                                                                                                                        |   |         |    |   |   |   |   |   |
| Commitments and contingencies (Note 8)                                                                                                                                                         |   |         |    |   |   |   |   |   |
| ​                                                                                                                                                                                        |   |         |    |   |   |   |   |   |
| Shareholders' equity                                                                                                                                                                           |   |         |    |   |   |   |   |   |
| Preferred stock, $.001 par value, 4,000,000 authorized; no shares issued and outstanding as of December 31, 2021 and December 31, 2020                                                         |   |         | — |   |   |   | — |   |
| Common stock, $.001 par value, 40,000,000 shares authorized; 12,772,010 and 8,660,334 shares issued and outstanding as of December 31, 2021 and December 31, 2020,                respectively |   |         | 13      |   |   |   | 9 |   |
| Additional paid-in-capital                                                                                                                                                                     |   |         | 54,836  |   |   |   | 16,853 |   |
| Retained earnings                                                                                                                                                                              |   |         | 60,593  |   |   |   | 29,010 |   |
| Total shareholders' equity                                                                                                                                                                     |   |         | 115,442 |   |   |   | 45,872 |   |
| Total liabilities and shareholders' equity                                                                                                                                                     |   | $            | 380,214 |   |   | $ | 317,515 |   |

----

Index

| ​                                             |   | For the Years Ended December 31, |      |
|-----------------------------------------------------|--------|----------------------------------|-----------|
| ​                                             |   | 2021                             |      |   | 2020 |   |
| Interest income                                     |   |                             |      |   |   |   |
| Interest and fees on loans                          |   | $                                | 49,135    |   |   | $ | 29,271 |   |
| Interest on securities                              |   |                             | 47        |   |   |   | 34 |   |
| Other interest income                               |   |                             | 61        |   |   |   | 201 |   |
| Total interest income                               |   |                             | 49,243    |   |   |   | 29,506 |   |
| ​                                             |   |                             |      |   |   |   |   |   |
| Interest expense                                    |   |                             |      |   |   |   |   |   |
| Interest on deposits                                |   |                             | 1,138     |   |   |   | 1,583 |   |
| Interest on PPP Liquidity Facility                  |   |                             | 127       |   |   |   | 173 |   |
| Total interest expense                              |   |                             | 1,265     |   |   |   | 1,756 |   |
| Net interest income                                 |   |                             | 47,978    |   |   |   | 27,750 |   |
| ​                                             |   |                             |      |   |   |   |   |   |
| Provision for loan losses                           |   |                             | 8,039     |   |   |   | 5,234 |   |
| Net interest income after provision for loan losses |   |                             | 39,939    |   |   |   | 22,516 |   |
| ​                                             |   |                             |      |   |   |   |   |   |
| Non-interest income                                 |   |                             |      |   |   |   |   |   |
| Strategic Program fees                              |   |                             | 17,959    |   |   |   | 9,591 |   |
| Gain on sale of loans, net                          |   |                             | 9,689     |   |   |   | 2,849 |   |
| SBA loan servicing fees                             |   |                             | 1,156     |   |   |   | 1,028 |   |
| Change in fair value on investment in BFG           |   |                             | 2,991     |   |   |   | 856 |   |
| Other miscellaneous income                          |   |                             | 49        |   |   |   | 49 |   |
| Total non-interest income                           |   |                             | 31,844    |   |   |   | 14,373 |   |
| ​                                             |   |                             |      |   |   |   |   |   |
| Non-interest expense                                |   |                             |      |   |   |   |   |   |
| Salaries and employee benefits                      |   |                             | 22,365    |   |   |   | 16,835 |   |
| Occupancy and equipment expenses                    |   |                             | 810       |   |   |   | 694 |   |
| Impairment of SBA servicing asset                   |   |                             | 800       |   |   |   | — |   |
| Loss on investment in BFG                           |   |                             | —   |   |   |   | 50 |   |
| Other operating expenses                            |   |                             | 5,536     |   |   |   | 4,170 |   |
| Total non-interest expense                          |   |                             | 29,511    |   |   |   | 21,749 |   |
| Income before income tax expense                    |   |                             | 42,272    |   |   |   | 15,140 |   |
| ​                                             |   |                             |      |   |   |   |   |   |
| Provision for income taxes                          |   |                             | 10,689    |   |   |   | 3,942 |   |
| Net income                                          |   | $                                | 31,583    |   |   | $ | 11,198 |   |
| ​                                             |   |                             |      |   |   |   |   |   |
| Earnings per share, basic                           |   | $​3.44                     |      |   | $​1.29 |   |
| Earnings per share, diluted                         |   | $​3.27                     |      |   | $​1.28 |   |
| ​                                             |   |                             |      |   |   |   |   |   |
| Weighted average shares outstanding, basic          |   |                             | 8,669,724 |   |   |   | 8,025,390 |   |
| Weighted average shares outstanding, diluted        |   |                             | 9,108,163 |   |   |   | 8,069,634 |   |

----

Index

| ​                                                              |   | Common Stock |       |   |   |       |    |                     |   |   |             |   |
|----------------------------------------------------------------------|--------|--------------|------------|--------|--------|------------|---------|--------------------------|--------|--------|------------------|--------|
| ​                                                              |   | Shares       |       |   | Amount |       |    | AdditionalPaid-InCapital |   |   | RetainedEarnings |   |   | TotalShareholders’Equity |   |
| Balance at December 31, 2019                                         |   |         | 8,709,756  |   |   | $​9  |    |                     | $      | 15,274 |             |   | $ | 17,812 |   |   | $ | 33,095 |   |
| Stock-based compensation expense                                     |   |         | —    |   |   |       | — |                     |   |   | 1,756            |   |   |   | — |   |   |   | 1,756 |   |
| Issuance of warrants to BFG                                          |   |         | —    |   |   |       | — |                     |   |   | 50               |   |   |   | — |   |   |   | 50 |   |
| Repurchase of restricted stock to pay for employee withholding taxes |   |         | (73,770    | )      |   |       | — |                     |   |   | (268             | )      |   |   | — |   |   |   | (268 | ) |
| Stock options exercised                                              |   |         | 34,776     |   |   |       | — |                     |   |   | 82               |   |   |   | — |   |   |   | 82 |   |
| Repurchase of common stock                                           |   |         | (10,428    | )      |   |       | — |                     |   |   | (41              | )      |   |   | — |   |   |   | (41 | ) |
| Net income                                                           |   |         | —    |   |   |       | — |                     |   |   | —          |   |   |   | 11,198 |   |   |   | 11,198 |   |
| Balance at December 31, 2020                                         |   |         | 8,660,334  |   |   | $​9  |    |                     | $      | 16,853 |             |   | $ | 29,010 |   |   | $ | 45,872 |   |
| Stock-based compensation expense                                     |   |         | —    |   |   |       | — |                     |   |   | 2,100            |   |   |   | — |   |   |   | 2,100 |   |
| Issuance of common stock                                             |   |         | 4,025,000  |   |   |       | 4       |                     |   |   | 35,572           |   |   |   | — |   |   |   | 35,576 |   |
| Stock options exercised                                              |   |         | 86,676     |   |   |       | — |                     |   |   | 311              |   |   |   | — |   |   |   | 311 |   |
| Net income                                                           |   |         | —    |   |   |       | — |                     |   |   | —          |   |   |   | 31,583 |   |   |   | 31,583 |   |
| Balance at December 31, 2021                                         |   |         | 12,772,010 |   |   | $​13 |    |                     | $      | 54,836 |             |   | $ | 60,593 |   |   | $ | 115,442 |   |

----

Index

| ​                                                                   |   | For the Years Ended December 31, |       |
|---------------------------------------------------------------------------|--------|----------------------------------|------------|
| ​                                                                   |   | 2021                             |       |   | 2020 |   |
| Cash flows from operating activities:                                     |   |                             |       |   |   |   |
| Net income                                                                |   | $                                | 31,583     |   |   | $ | 11,198 |   |
| Adjustments to reconcile net income to net cash from operating activities |   |                             |       |   |   |   |   |   |
| Depreciation and amortization                                             |   |                             | 743        |   |   |   | 1,012 |   |
| Provision for loan losses                                                 |   |                             | 8,039      |   |   |   | 5,234 |   |
| Net amortization in securities discounts and premiums                     |   |                             | 25         |   |   |   | 14 |   |
| Capitalized servicing assets                                              |   |                             | (2,753     | ) |   |   | (1,139 | ) |
| Gain on sale of SBA loans, net                                            |   |                             | (9,689     | ) |   |   | (2,849 | ) |
| Originations of Strategic Program loans held-for-sale                     |   |                             | (6,335,194 | ) |   |   | (2,312,697 | ) |
| Proceeds on Strategic Program loans held-for-sale                         |   |                             | 6,295,394  |   |   |   | 2,316,858 |   |
| Change in fair value of BFG                                               |   |                             | (2,991     | ) |   |   | (856 | ) |
| Impairment of SBA servicing asset                                         |   |                             | 800        |   |   |   | — |   |
| Loss on investment in BFG                                                 |   |                             | —    |   |   |   | 50 |   |
| Stock-based compensation expense                                          |   |                             | 2,100      |   |   |   | 1,756 |   |
| Deferred income tax benefit                                               |   |                             | (1,371     | ) |   |   | (312 | ) |
| Net changes in:                                                           |   |                             |       |   |   |   |   |   |
| Accrued interest receivable                                               |   |                             | 81         |   |   |   | (686 | ) |
| Accrued interest payable                                                  |   |                             | (147       | ) |   |   | 131 |   |
| Other assets                                                              |   |                             | (1,669     | ) |   |   | (2,212 | ) |
| Other liabilities                                                         |   |                             | 5,817      |   |   |   | 4,083 |   |
| Net cash provided by (used in) operating activities                       |   |                             | (9,232     | ) |   |   | 19,585 |   |
| ​                                                                   |   |                             |       |   |   |   |   |   |
| Cash flows from investing activities:                                     |   |                             |       |   |   |   |   |   |
| Net increase (decrease) in loans receivable                               |   |                             | 41,622     |   |   |   | (128,734 | ) |
| Purchase of loan pools                                                    |   |                             | (6,000     | ) |   |   | — |   |
| Investments in FinWise Investments, LLC                                   |   |                             | (80        | ) |   |   | — |   |
| Distributions from BFG                                                    |   |                             | 861        |   |   |   | 545 |   |
| Purchase of bank premises and equipment                                   |   |                             | (2,334     | ) |   |   | (592 | ) |
| Proceeds from maturities and paydowns of securities held-to-maturity      |   |                             | 678        |   |   |   | 375 |   |
| Purchases of securities held-to-maturity                                  |   |                             | (10,317    | ) |   |   | (1,745 | ) |
| Purchase of FHLB stock                                                    |   |                             | (173       | ) |   |   | (65 | ) |
| Net cash provided by (used in) investing activities                       |   |                             | 24,257     |   |   |   | (130,216 | ) |
| ​                                                                   |   |                             |       |   |   |   |   |   |
| Cash flows from financing activities:                                     |   |                             |       |   |   |   |   |   |
| Net increase in deposits                                                  |   |                             | 87,416     |   |   |   | 22,455 |   |
| Proceeds from initial public offering, net                                |   |                             | 35,576     |   |   |   | — |   |
| Proceeds from exercise of stock options                                   |   |                             | 311        |   |   |   | 82 |   |
| Proceeds from PPP Liquidity Facility                                      |   |                             | 5,558      |   |   |   | 115,975 |   |
| Repayment of PPP Liquidity Facility                                       |   |                             | (105,515   | ) |   |   | (14,968 | ) |
| Repurchase of restricted stock to pay for employee withholding taxes      |   |                             | —    |   |   |   | (268 | ) |
| Repurchase of common stock                                                |   |                             | —    |   |   |   | (41 | ) |
| Net cash provided by financing activities                                 |   |                             | 23,346     |   |   |   | 123,235 |   |
| ​                                                                   |   |                             |       |   |   |   |   |   |
| Net change in cash and cash equivalents                                   |   |                             | 38,371     |   |   |   | 12,604 |   |
| Cash and cash equivalents, beginning of the period                        |   |                             | 47,383     |   |   |   | 34,779 |   |
| Cash and cash equivalents, end of the period                              |   | $                                | 85,754     |   |   | $ | 47,383 |   |
| ​                                                                   |   |                             |       |   |   |   |   |   |
| Supplemental disclosures of cash flow information:                        |   |                             |       |   |   |   |   |   |
| Cash paid during the period                                               |   |                             |       |   |   |   |   |   |
| Income taxes                                                              |   | $                                | 10,473     |   |   | $ | 3,329 |   |
| Interest                                                                  |   | $                                | 1,265      |   |   | $ | 1,625 |   |

----

Index

----

Index

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Index

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Index

----

Index

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Index

----

Index

| ​                    |   | December 31, 2021 |   |
|----------------------------|--------|-------------------|--------|
| ($ in thousands)           |   | AmortizedCost     |   |   | UnrealizedGain |   |   | UnrealizedLoss |   |   | EstimatedFair Value |   |
| Mortgage-backed securities |   | $                 | 11,423 |   |   | $ | 23 |   |   | $ | (114 | ) |   | $ | 11,332 |   |
| ​                    |   | December 31, 2020 |   |
|----------------------------|--------|-------------------|--------|
| ($ in thousands)           |   | AmortizedCost     |   |   | UnrealizedGain |   |   | UnrealizedLoss |   |   | EstimatedFair Value |   |
| Mortgage-backed securities |   | $                 | 1,809  |   |   | $ | 70 |   |   | $ | — |   |   | $ | 1,879 |   |
| ​                    |   | December 31, 2021   |   |
|----------------------------|--------|---------------------|--------|
|                       |   | Less than 12 months |   |   | 12 Months or More |   |   | Total |   |
| ($ in thousands)           |   | Fair Value          |   |   | UnrealizedLosses |   |   | Fair Value |   |   | UnrealizedLosses |   |   | Fair Value |   |   | UnrealizedLosses |   |
| Mortgage-backed securities |   | $                   | 8,961  |   |   | $ | (114 | ) |   | $ | — |   |   | $ | — |   |   | $ | 8,961 |   |   | $ | (114 | ) |

----

Index

| ($ in thousands)                       |   | AmortizedCost |    |   | EstimatedFair Value |   |
|----------------------------------------|--------|---------------|---------|--------|---------------------|--------|
| Securities held-to-maturity            |   |          |    |   |                |   |
| Due in one year or less                |   | $             | — |   |                | $      | — |   |
| Due after one year through five years  |   |          | — |   |                |   | — |   |
| Due after five years through ten years |   |          | 1,541   |   |                |   | 1,548 |   |
| Due after ten years                    |   |          | 9,882   |   |                |   | 9,783 |   |
| ​                                |   | $             | 11,423  |   |                | $      | 11,332 |   |
| ​                         |   | December 31, |    |
|---------------------------------|--------|--------------|---------|
| ​                         |   | 2021         |    |   | 2020 |   |
| ($ in thousands)                |   |         |    |   |   |   |
| SBA                             |   | $            | 142,392 |   |   | $ | 203,317 |   |
| Commercial, non-real estate     |   |         | 3,428   |   |   |   | 4,020 |   |
| Residential real estate         |   |         | 27,108  |   |   |   | 17,740 |   |
| Strategic Program loans         |   |         | 85,850  |   |   |   | 28,265 |   |
| Commercial real estate          |   |         | 2,436   |   |   |   | 2,892 |   |
| Consumer                        |   |         | 4,574   |   |   |   | 5,543 |   |
| Total loans                     |   | $            | 265,788 |   |   | $ | 261,777 |   |
| Loans held-for-sale             |   |         | (60,748 | ) |   |   | (20,948 | ) |
| Total loans held for investment |   | $            | 205,040 |   |   | $ | 240,829 |   |
| Deferred loan costs (fees), net |   |         | 2,917   |   |   |   | (2,556 | ) |
| Allowance for loan losses       |   |         | (9,855  | ) |   |   | (6,199 | ) |
| Net loans                       |   | $            | 198,102 |   |   | $ | 232,074 |   |

----

Index

| ​                               |   | December 31, |   |
|---------------------------------------|--------|--------------|--------|
| ​                               |   | 2021         |   |   | 2020 |   |
| ($ in thousands)                      |   |         |   |   |   |   |
| Retained Strategic Program loans      |   | $            | 25,102 |   |   | $ | 7,317 |   |
| Strategic Program loans held-for-sale |   |         | 60,748 |   |   |   | 20,948 |   |
| Total Strategic Program loans         |   | $            | 85,850 |   |   | $ | 28,265 |   |
| December 31, 2021                                    |   |   |    |   |                      |   |    |                   |   |   |                   |   |   |                  |    |   |     |   |    |   |   |
|------------------------------------------------------|--------|--------|---------|--------|---------------------------|--------|---------|------------------------|--------|--------|------------------------|--------|--------|-----------------------|---------|--------|----------|--------|---------|--------|--------|
| ($ in thousands)                                     |   | SBA    |    |   | Commercial,Non-RealEstate |   |    | ResidentialReal Estate |   |   | StrategicProgram Loans |   |   | CommercialReal Estate |    |   | Consumer |   |    | Total  |   |
| Beginning balance                                    |   | $      | 920     |   |                      | $      | 232     |                   |   | $      | 855                    |   |   | $                     | 4,111   |   |     | $      | 19      |   |   | $ | 62 |   |   | $ | 6,199 |   |
| Charge-offs                                          |   |   | (154    | )      |                      |   | (63     | )                      |   |   | —                |   |   |                  | (4,684  | )      |     |   | — |   |   |   | (4 | ) |   |   | (4,905 | ) |
| Recoveries                                           |   |   | 46      |   |                      |   | 103     |                   |   |   | —                |   |   |                  | 372     |   |     |   | — |   |   |   | 1 |   |   |   | 522 |   |
| Provision                                            |   |   | 1,927   |   |                      |   | (140    | )                      |   |   | (503                   | )      |   |                  | 6,750   |   |     |   | 2       |   |   |   | 3 |   |   |   | 8,039 |   |
| Balance at end of year                               |   | $      | 2,739   |   |                      | $      | 132     |                   |   | $      | 352                    |   |   | $                     | 6,549   |   |     | $      | 21      |   |   | $ | 62 |   |   | $ | 9,855 |   |
| Ending balance individually evaluated for impairment |   |   | — |   |                      |   | — |                   |   |   | —                |   |   |                  | — |   |     |   | — |   |   |   | — |   |   |   | — |   |
| Ending balance collectively evaluated for impairment |   | $      | 2,739   |   |                      | $      | 132     |                   |   | $      | 352                    |   |   | $                     | 6,549   |   |     | $      | 21      |   |   | $ | 62 |   |   | $ | 9,855 |   |
| Loans receivable                                     |   | $      | 142,392 |   |                      | $      | 3,428   |                   |   | $      | 27,108                 |   |   | $                     | 25,102  |   |     | $      | 2,436   |   |   | $ | 4,574 |   |   | $ | 205,040 |   |
| Ending balance individually evaluated for impairment |   |   | 972     |   |                      |   | — |                   |   |   | —                |   |   |                  | — |   |     |   | — |   |   |   | — |   |   |   | 972 |   |
| Ending balance collectively evaluated for impairment |   | $      | 141,420 |   |                      | $      | 3,428   |                   |   | $      | 27,108                 |   |   | $                     | 25,102  |   |     | $      | 2,436   |   |   | $ | 4,574 |   |   | $ | 204,068 |   |

----

Index

| December 31, 2020                                    |   |   |    |   |                      |   |    |                   |   |   |                   |   |   |                  |    |   |     |   |    |   |   |
|------------------------------------------------------|--------|--------|---------|--------|---------------------------|--------|---------|------------------------|--------|--------|------------------------|--------|--------|-----------------------|---------|--------|----------|--------|---------|--------|--------|
| ($ in thousands)                                     |   | SBA    |    |   | Commercial,Non-RealEstate |   |    | ResidentialReal Estate |   |   | StrategicProgram Loans |   |   | CommercialReal Estate |    |   | Consumer |   |    | Total  |   |
| Beginning balance                                    |   | $      | 907     |   |                      | $      | 64      |                   |   | $      | 55                     |   |   | $                     | 3,430   |   |     | $      | 14      |   |   | $ | 61 |   |   | $ | 4,531 |   |
| Charge-offs                                          |   |   | (197    | )      |                      |   | (332    | )                      |   |   | —                |   |   |                  | (3,262  | )      |     |   | — |   |   |   | (17 | ) |   |   | (3,808 | ) |
| Recoveries                                           |   |   | — |   |                      |   | — |                   |   |   | —                |   |   |                  | 236     |   |     |   | 5       |   |   |   | 1 |   |   |   | 242 |   |
| Provision (recapture)                                |   |   | 210     |   |                      |   | 500     |                   |   |   | 800                    |   |   |                  | 3,707   |   |     |   | — |   |   |   | 17 |   |   |   | 5,234 |   |
| Balance at end of year                               |   | $      | 920     |   |                      | $      | 232     |                   |   | $      | 855                    |   |   | $                     | 4,111   |   |     | $      | 19      |   |   | $ | 62 |   |   | $ | 6,199 |   |
| Ending balance individually evaluated for impairment |   |   | — |   |                      |   | — |                   |   |   | —                |   |   |                  | — |   |     |   | — |   |   |   | — |   |   |   | — |   |
| Ending balance collectively evaluated for impairment |   | $      | 920     |   |                      | $      | 232     |                   |   | $      | 855                    |   |   | $                     | 4,111   |   |     | $      | 19      |   |   | $ | 62 |   |   | $ | 6,199 |   |
| Loans receivable                                     |   | $      | 203,317 |   |                      | $      | 4,020   |                   |   | $      | 17,740                 |   |   | $                     | 7,317   |   |     | $      | 2,892   |   |   | $ | 5,543 |   |   | $ | 240,829 |   |
| Ending balance individually evaluated for impairment |   |   | 917     |   |                      |   | — |                   |   |   | 756                    |   |   |                  | — |   |     |   | — |   |   |   | — |   |   |   | 1,673 |   |
| Ending balance collectively evaluated for impairment |   | $      | 202,400 |   |                      | $      | 4,020   |                   |   | $      | 16,984                 |   |   | $                     | 7,317   |   |     | $      | 2,892   |   |   | $ | 5,543 |   |   | $ | 239,156 |   |
| December 31, 2021                  |   |               |    |   |                   |   |    |             |   |   |                      |   |   |                      |    |
|------------------------------------|--------|--------------------|---------|--------|------------------------|--------|---------|------------------|--------|--------|---------------------------|--------|--------|---------------------------|---------|
| ​                            |   | RecordedInvestment |    |   | UnpaidPrincipalBalance |   |    | RelatedAllowance |   |   | AverageRecordedInvestment |   |   | Interest IncomeRecognized |    |
| ($ in thousands)                   |   |               |    |   |                   |   |    |             |   |   |                      |   |   |                      |    |
| With no related allowance recorded |   |               |    |   |                   |   |    |             |   |   |                      |   |   |                      |    |
| SBA                                |   | $                  | 972     |   |                   | $      | 972     |             |   | $      | —                   |   |   | $                         | 945     |   |   | $ | 47 |   |
| Commercial, non-real estate        |   |               | — |   |                   |   | — |             |   |   | —                   |   |   |                      | — |   |   |   | — |   |
| Residential real estate            |   |               | — |   |                   |   | — |             |   |   | —                   |   |   |                      | 189     |   |   |   | — |   |
| Strategic Program loans            |   |               | — |   |                   |   | — |             |   |   | —                   |   |   |                      | — |   |   |   | — |   |
| Commercial real estate             |   |               | — |   |                   |   | — |             |   |   | —                   |   |   |                      | — |   |   |   | — |   |
| Consumer                           |   |               | — |   |                   |   | — |             |   |   | —                   |   |   |                      | — |   |   |   | — |   |
| Total                              |   | $                  | 972     |   |                   | $      | 972     |             |   | $      | —                   |   |   | $                         | 1,134   |   |   | $ | 47 |   |

----

Index

| December 31, 2020                  |   |               |    |   |                   |   |    |             |   |   |                      |   |   |                      |    |
|------------------------------------|--------|--------------------|---------|--------|------------------------|--------|---------|------------------|--------|--------|---------------------------|--------|--------|---------------------------|---------|
| ​                            |   | RecordedInvestment |    |   | UnpaidPrincipalBalance |   |    | RelatedAllowance |   |   | AverageRecordedInvestment |   |   | Interest IncomeRecognized |    |
| ($ in thousands)                   |   |               |    |   |                   |   |    |             |   |   |                      |   |   |                      |    |
| With no related allowance recorded |   |               |    |   |                   |   |    |             |   |   |                      |   |   |                      |    |
| SBA                                |   | $                  | 917     |   |                   | $      | 917     |             |   | $      | —                   |   |   | $                         | 892     |   |   | $ | 45 |   |
| Commercial, non-real estate        |   |               | — |   |                   |   | — |             |   |   | —                   |   |   |                      | 123     |   |   |   | — |   |
| Residential real estate            |   |               | 756     |   |                   |   | 756     |             |   |   | —                   |   |   |                      | 378     |   |   |   | — |   |
| Strategic Program loans            |   |               | — |   |                   |   | — |             |   |   | —                   |   |   |                      | — |   |   |   | — |   |
| Commercial real estate             |   |               | — |   |                   |   | — |             |   |   | —                   |   |   |                      | — |   |   |   | — |   |
| Consumer                           |   |               | — |   |                   |   | — |             |   |   | —                   |   |   |                      | — |   |   |   | — |   |
| Total                              |   | $                  | 1,673   |   |                   | $      | 1,673   |             |   | $      | —                   |   |   | $                         | 1,393   |   |   | $ | 45 |   |
| December 31, 2021           |   |    |    |   |               |   |    |               |   |   |                                 |   |   |          |    |   |        |   |    |   |   |
|-----------------------------|--------|---------|---------|--------|--------------------|--------|---------|--------------------|--------|--------|--------------------------------------|--------|--------|---------------|---------|--------|-------------|--------|---------|--------|--------|
| ($ in thousands)            |   | Current |    |   | 30-59 DaysPast Due |   |    | 60-89 DaysPast Due |   |   | 90+ DaysPast Due &Still Accruing |   |   | TotalPast Due |    |   | Non-Accrual |   |    | Total  |   |
| ​                     |   |    |    |   |               |   |    |               |   |   |                                 |   |   |          |    |   |        |   |    |   |   |
| SBA                         |   | $       | 141,488 |   |               | $      | 247     |               |   | $      | —                              |   |   | $             | — |   |        | $      | 247     |   |   | $ | 657 |   |   | $ | 142,392 |   |
| Commercial, non-real estate |   |    | 3,428   |   |               |   | — |               |   |   | —                              |   |   |          | — |   |        |   | — |   |   |   | — |   |   |   | 3,428 |   |
| Residential real estate     |   |    | 27,108  |   |               |   | — |               |   |   | —                              |   |   |          | — |   |        |   | — |   |   |   | — |   |   |   | 27,108 |   |
| Strategic Program loans     |   |    | 84,065  |   |               |   | 1,041   |               |   |   | 690                                  |   |   |          | 54      |   |        |   | 1,785   |   |   |   | — |   |   |   | 85,850 |   |
| Commercial real estate      |   |    | 2,436   |   |               |   | — |               |   |   | —                              |   |   |          | — |   |        |   | — |   |   |   | — |   |   |   | 2,436 |   |
| Consumer                    |   |    | 4,554   |   |               |   | 20      |               |   |   | —                              |   |   |          | — |   |        |   | 20      |   |   |   | — |   |   |   | 4,574 |   |
| Total                       |   | $       | 263,079 |   |               | $      | 1,308   |               |   | $      | 690                                  |   |   | $             | 54      |   |        | $      | 2,052   |   |   | $ | 657 |   |   | $ | 265,788 |   |
| December 31, 2020           |   |    |    |   |               |   |    |               |   |   |                                 |   |   |          |    |   |        |   |    |   |   |
|-----------------------------|--------|---------|---------|--------|--------------------|--------|---------|--------------------|--------|--------|--------------------------------------|--------|--------|---------------|---------|--------|-------------|--------|---------|--------|--------|
| ($ in thousands)            |   | Current |    |   | 30-59 DaysPast Due |   |    | 60-89 DaysPast Due |   |   | 90+ DaysPast Due &Still Accruing |   |   | TotalPast Due |    |   | Non-Accrual |   |    | Total  |   |
| SBA                         |   | $       | 202,501 |   |               | $      | — |               |   | $      | —                              |   |   | $             | — |   |        | $      | — |   |   | $ | 816 |   |   | $ | 203,317 |   |
| Commercial, non-real estate |   |    | 4,020   |   |               |   | — |               |   |   | —                              |   |   |          | — |   |        |   | — |   |   |   | — |   |   |   | 4,020 |   |
| Residential real estate     |   |    | 17,740  |   |               |   | — |               |   |   | —                              |   |   |          | — |   |        |   | — |   |   |   | — |   |   |   | 17,740 |   |
| Strategic Program loans     |   |    | 27,886  |   |               |   | 235     |               |   |   | 128                                  |   |   |          | 1       |   |        |   | 364     |   |   |   | 15 |   |   |   | 28,265 |   |
| Commercial real estate      |   |    | 2,892   |   |               |   | — |               |   |   | —                              |   |   |          | — |   |        |   | — |   |   |   | — |   |   |   | 2,892 |   |
| Consumer                    |   |    | 5,543   |   |               |   | — |               |   |   | —                              |   |   |          | — |   |        |   | — |   |   |   | — |   |   |   | 5,543 |   |
| Total                       |   | $       | 260,582 |   |               | $      | 235     |               |   | $      | 128                                  |   |   | $             | 1       |   |        | $      | 364     |   |   | $ | 831 |   |   | $ | 261,777 |   |

----

Index

| December 31, 2021           |   |          |    |   |                   |   |    |                              |   |   |    |   |
|-----------------------------|--------|---------------|---------|--------|------------------------|--------|---------|-----------------------------------|--------|--------|---------|--------|
|  ($ in thousands)      |   | PassGrade 1-4 |    |   | Special MentionGrade 5 |   |    | Classified/Doubtful/LossGrade 6-8 |   |   | Total   |   |
| SBA                         |   | $             | 139,985 |   |                   | $      | 1,435   |                              |   | $      | 972     |   |   | $ | 142,392 |   |
| Commercial, non-real estate |   |          | 3,382   |   |                   |   | 46      |                              |   |   | — |   |   |   | 3,428 |   |
| Residential real estate     |   |          | 27,108  |   |                   |   | — |                              |   |   | — |   |   |   | 27,108 |   |
| Commercial real estate      |   |          | 2,436   |   |                   |   | — |                              |   |   | — |   |   |   | 2,436 |   |
| Consumer                    |   |          | 4,574   |   |                   |   | — |                              |   |   | — |   |   |   | 4,574 |   |
| Not Risk Graded             |   |          |    |   |                   |   |    |                              |   |   |    |   |   |   |   |   |
| Strategic Program loans     |   |          |    |   |                   |   |    |                              |   |   |    |   |   |   | 85,850 |   |
| Total at December 31, 2021  |   | $             | 177,485 |   |                   | $      | 1,481   |                              |   | $      | 972     |   |   | $ | 265,788 |   |

----

Index

| December 31, 2020           |   |          |    |   |                   |   |    |                              |   |   |    |   |
|-----------------------------|--------|---------------|---------|--------|------------------------|--------|---------|-----------------------------------|--------|--------|---------|--------|
|  ($ in thousands)      |   | PassGrade 1-4 |    |   | Special MentionGrade 5 |   |    | Classified/Doubtful/LossGrade 6-8 |   |   | Total   |   |
| SBA                         |   | $             | 200,360 |   |                   | $      | 2,040   |                              |   | $      | 917     |   |   | $ | 203,317 |   |
| Commercial, non-real estate |   |          | 3,960   |   |                   |   | 60      |                              |   |   | — |   |   |   | 4,020 |   |
| Residential real estate     |   |          | 16,984  |   |                   |   | — |                              |   |   | 756     |   |   |   | 17,740 |   |
| Commercial real estate      |   |          | 2,892   |   |                   |   | — |                              |   |   | — |   |   |   | 2,892 |   |
| Consumer                    |   |          | 5,543   |   |                   |   | — |                              |   |   | — |   |   |   | 5,543 |   |
| Not Risk Graded             |   |          |    |   |                   |   |    |                              |   |   |    |   |   |   |   |   |
| Strategic Program loans     |   |          |    |   |                   |   |    |                              |   |   |    |   |   |   | 28,265 |   |
| Total at December 31, 2020  |   | $             | 229,739 |   |                   | $      | 2,100   |                              |   | $      | 1,673   |   |   | $ | 261,777 |   |
| ($ in thousands)           |   | Number ofContracts |   |   | Pre-ModificationOutstandingRecordedInvestment |   |   | Post-ModificationOutstandingRecordedInvestment |   |
|----------------------------|--------|--------------------|--------|--------|-----------------------------------------------|--------|--------|------------------------------------------------|--------|
| December 31, 2021          |   |               |   |   |                                          |   |   |                                           |   |
| SBA                        |   |               | 2      |   |                                          | $      | 106    |                                           |   | $ | 106 |   |
| Total at December 31, 2021 |   |               | 2      |   |                                          | $      | 106    |                                           |   | $ | 106 |   |
|                       |   |               |   |   |                                          |   |   |                                           |   |   |   |   |
| Non-Accrual                |   |               |   |   |                                          |   |   |                                           |   |   |   |   |
| SBA                        |   |               | 1      |   |                                          | $      | 25     |                                           |   | $ | 25 |   |
| December 31, 2020          |   |               |   |   |                                          |   |   |                                           |   |   |   |   |
| SBA                        |   |               | 3      |   |                                          | $      | 114    |                                           |   | $ | 114 |   |
| Residential real estate    |   |               | 1      |   |                                          |   | 756    |                                           |   |   | 756 |   |
| Total at December 31, 2020 |   |               | 4      |   |                                          | $      | 870    |                                           |   | $ | 870 |   |
|                       |   |               |   |   |                                          |   |   |                                           |   |   |   |   |
| Non-Accrual                |   |               |   |   |                                          |   |   |                                           |   |   |   |   |
| SBA                        |   |               | 1      |   |                                          | $      | 53     |                                           |   | $ | 53 |   |

----

Index

| ​                            |   | December 31, |   |
|------------------------------------|--------|--------------|--------|
| ​                            |   | 2021         |   |   | 2020 |   |
| ($ in thousands)                   |   |         |   |   |   |   |
| Leasehold improvements             |   | $            | 80     |   |   | $ | 80 |   |
| Furniture, fixtures, and equipment |   |         | 2,218  |   |   |   | 1,782 |   |
| Construction in progress           |   |         | 2,333  |   |   |   | 436 |   |
| Total premises and equipment       |   | $            | 4,632  |   |   | $ | 2,298 |   |
| Less accumulated depreciation      |   |         | (1,347 | ) |   |   | (1,034 | ) |
| Premises and equipment, net        |   | $            | 3,285  |   |   | $ | 1,264 |   |
| Year Ended December 31, 2022 |   | $      | 946   |   |
|------------------------------|--------|--------|-------|--------|
| Year Ended December 31, 2023 |   |   | 1,108 |   |
| Year Ended December 31, 2024 |   |   | 1,104 |   |
| Year Ended December 31, 2025 |   |   | 1,086 |   |
| Year Ended December 31, 2026 |   |   | 1,118 |   |
| Thereafter                   |   |   | 3,355 |   |
| Total                        |   | $      | 8,717 |   |

----

Index

| ​                      |   | December 31, |    |
|------------------------------|--------|--------------|---------|
| ​                      |   | 2021         |    |   | 2020 |   |
| ($ in thousands)             |   |         |    |   |   |   |
| Demand                       |   | $            | 115,947 |   |   | $ | 94,162 |  |
| Savings                      |   |         | 6,685   |   |   |   | 7,435 |  |
| Money markets                |   |         | 31,076  |   |   |   | 17,567 |  |
| Time certificates of deposit |   |         | 98,184  |   |   |   | 45,312 |  |
| Total deposits               |   | $            | 251,892 |   |   | $ | 164,476 |  |
| Year Ended December 31, 2022 |   | $      | 41,567 |   |
|------------------------------|--------|--------|--------|--------|
| Year Ended December 31, 2023 |   |   | 20,721 |   |
| Year Ended December 31, 2024 |   |   | 16,302 |   |
| Year Ended December 31, 2025 |   |   | 10,070 |   |
| Year Ended December 31, 2026 |   |   | 8,784  |   |
| Thereafter                   |   |   | 740    |   |
| Total                        |   |   | 98,184 |   |
| ​                           |   | For the Years Ended December 31, |   |
|-----------------------------------|--------|----------------------------------|--------|
| ($ in thousands)                  |   | 2021                             |   |   | 2020 |   |
| Beginning balance                 |   | $                                | 2,415  |   |   | $ | 2,034 |   |
| Additions to servicing asset      |   |                             | 2,753  |   |   |   | 1,139 |   |
| Impairment of SBA servicing asset |   |                             | (800   | ) |   |   | — |   |
| Amortization of servicing asset   |   |                             | (430   | ) |   |   | (758 | ) |
| Ending balance                    |   | $                                | 3,938  |   |   | $ | 2,415 |   |

----

Index

| ​                        |   | Actual |   |   | Well-Capitalized Requirement |   |
|--------------------------------|--------|--------|--------|--------|------------------------------|--------|
| ($ in thousands)               |   | Amount |   |   | Ratio                        |   |   | Amount |   |   | Ratio |   |
| December 31, 2021              |   |   |   |   |                         |   |   |   |   |   |   |   |
| Leverage ratio (CBLR election) |   | $      | 65,503 |   |                         |   | 17.7 | % |   | $ | 31,442 | * |   |   | 8.5 | % |
| December 31, 2020              |   |   |   |   |                         |   |   |   |   |   |   |   |   |   |   |   |
| Leverage ratio (CBLR election) |   | $      | 37,806 |   |                         |   | 16.6 | % |   | $ | 18,212 | * |   |   | 8.0 | % |

----

Index

| ​                             |   | December 31, |   |
|-------------------------------------|--------|--------------|--------|
| ($ in thousands)                    |   | 2021         |   |   | 2020 |   |
| Revolving, open-end lines of credit |   | $            | 1,259  |   |   | $ | 757 |   |
| Commercial real estate              |   |         | 15,402 |   |   |   | 14,468 |   |
| Other unused commitments            |   |         | 377    |   |   |   | 928 |   |
| ​                             |   | $            | 17,038 |   |   | $ | 16,153 |   |

----

Index

----

Index

| ​                 |   | For the Years Ended December 31, |         |
|-------------------------|--------|----------------------------------|--------------|
| ​                 |   | 2021                             |         |   | 2020 |   |
| Risk-free interest rate |   |                             | 0.4% - 1.3   | % |   |   | 0.5% - 1.8 | % |
| Expected term in years  |   |                             | 5.0 - 7.5    |   |   |   | 5.0 - 7.5 |   |
| Expected volatility     |   |                             | 45.7% - 47.6 | % |   |   | 41.3% - 43.7 | % |
| Expected dividend yield |   |                             | -            |   |   |   | - |   |
| ​                                             |   | Stock Options |     |   | WeightedAverageExercise Price |   |   | WeightedAverageRemainingContractualLife (in years) |   |   | AggregateIntrinsic Value |   |
|-----------------------------------------------------|--------|---------------|----------|--------|-------------------------------|--------|--------|----------------------------------------------------|--------|--------|--------------------------|--------|
| Outstanding at December 31, 2019                    |   |          | 507,840  |   |                          | $      | 3.16   |                                               |   |   | 9.3                      |   |   | $ | 243,061 |   |
| Options granted                                     |   |          | 390,600  |   |                          |   | 4.7    |                                               |   |   | 4.0                      |   |   |   | 70,626 |   |
| Options exercised                                   |   |          | (34,776  | )      |                          |   | 2.36   |                                               |   |   |                     |   |   |   | 68,863 |   |
| Options forfeited                                   |   |          | (225,000 | )      |                          |   | 4.87   |                                               |   |   |                     |   |   |   22,235 |   |
| Outstanding at December 31, 2020                    |   |          | 638,664  |   |                          | $      | 3.54   |                                               |   |   | 8.6                      |   |   | $ | 653,991 |   |
| Options granted                                     |   |          | 906,600  |   |                          |   | 6.27   |                                               |   |   | 3.3                      |   |   |   |   |   |
| Options exercised                                   |   |          | (86,676  | )      |                          |   | 3.6    |                                               |   |   |                     |   |   |   | 511,339 |   |
| Options forfeited                                   |   |          | (596,100 | )      |                          |   | 6.42   |                                               |   |   |                     |   |   |   1,460,581 |   |
| Outstanding at December 31, 2021                    |   |          | 862,488  |   |                          | $      | 4.41   |                                               |   |   | 8.2                      |   |   | $ | 8,088,660 |   |
| Options vested and exercisable at December 31, 2021 |   |          | 492,756  |   |                          | $      | 4.23   |                                               |   |   | 8.2                      |   |   | $ | 4,712,963 |   |

----

Index

| ​                              |   | Number ofShares |     |   | WeightedAverage GrantPrice |   |
|--------------------------------------|--------|-----------------|----------|--------|----------------------------|--------|
| Unvested as of as of January 1, 2020 |   |            | 720,870  |   |                       | $      | 3.64 |   |
| Vested                               |   |            | (99,204  | )      |                       |   | 3.64 |   |
| Unvested as of December 31, 2020     |   |            | 621,666  |   |                       | $      | 3.64 |   |
| Vested                               |   |            | (621,666 | )      |                       |   | 3.64 |   |
| Unvested as of December 31, 2021     |   |            | —  |   |                       | $      | — |   |

| ​           |   | For the Years Ended December 31, |   |
|-------------------|--------|----------------------------------|--------|
| ($ in thousands)  |   | 2021                             |   |   | 2020 |   |
| Pre-tax           |   |                             |   |   |   |   |
| Stock options     |   | $                                | 934    |   |   | $ | 389 |   |
| Restricted shares |   |                             | 1,166  |   |   |   | 1,367 |   |
| Total             |   | $                                | 2,100  |   |   | $ | 1,756 |   |
| After-tax         |   |                             |   |   |   |   |   |   |
| Stock options     |   | $                                | 778    |   |   | $ | 357 |   |
| Restricted shares |   |                             | 1,166  |   |   |   | 1,658 |   |
| Total             |   | $                                | 1,944  |   |   | $ | 2,015 |   |

----

Index

----

Index

| ​                                |   |   |   |   | December 31, 2021 |   |    | December 31, 2020   |   |
|----------------------------------------|--------|--------|--------|--------|-------------------|--------|---------|---------------------|--------|
| ($ in thousands)                       |   | Level  |   |   | CarryingAmount    |   |    | Estimated FairValue |   |   | CarryingAmount |   |   | Estimated FairValue |   |
| Financial assets:                      |   |   |   |   |              |   |    |                |   |   |   |   |   |   |   |
| Cash and cash equivalents              |   |   | 1      |   |              | $      | 85,754  |                |   | $ | 85,754 |   |   | $ | 47,383 |   |   | $ | 47,383 |   |
| Investment securities held-to-maturity |   |   | 2      |   |              |   | 11,423  |                |   |   | 11,332 |   |   |   | 1,809 |   |   |   | 1,879 |   |
| Investment in FHLB stock               |   |   | 2      |   |              |   | 378     |                |   |   | 378 |   |   |   | 205 |   |   |   | 205 |   |
| Loans held for investment              |   |   | 3      |   |              |   | 198,102 |                |   |   | 197,412 |   |   |   | 232,074 |   |   |   | 211,299 |   |
| Loans held-for-sale                    |   |   | 2      |   |              |   | 60,748  |                |   |   | 60,743 |   |   |   | 20,948 |   |   |   | 20,948 |   |
| Accrued interest receivable            |   |   | 2      |   |              |   | 1,548   |                |   |   | 1,548 |   |   |   | 1,629 |   |   |   | 1,629 |   |
| SBA servicing asset                    |   |   | 2      |   |              |   | 3,938   |                |   |   | 3,938 |   |   |   | 2,415 |   |   |   | 2,532 |   |
| Investment in BFG                      |   |   | 3      |   |              |   | 5,900   |                |   |   | 5,900 |   |   |   | 3,770 |   |   |   | 3,770 |   |
| Financial liabilities:                 |   |   |   |   |              |   |    |                |   |   |   |   |   |   |   |   |   |   |   |   |
| Total deposits                         |   |   | 2      |   |              |   | 251,892 |                |   |   | 249,488 |   |   |   | 164,476 |   |   |   | 164,845 |   |
| Accrued interest payable               |   |   | 2      |   |              |   | 48      |                |   |   | 48 |   |   |   | 195 |   |   |   | 195 |   |
| PPP Liquidity Facility                 |   |   | 2      |   |              |   | 1,050   |                |   |   | 1,050 |   |   |   | 101,007 |   |   |   | 105,886 |   |
| ($ in thousands)                    |   |       |   |   | Fair Value Measurements Using |   |
|-------------------------------------|--------|------------|--------|--------|-------------------------------|--------|
| Description of Financial Instrument |   | Fair Value |   |   | Level 1                       |   |   | Level 2 |   |   | Level 3 |   |
| December 31, 2021                   |   |       |   |   |                          |   |   |   |   |   |   |   |
| Nonrecurring assets                 |   |       |   |   |                          |   |   |   |   |   |   |   |
| Impaired loans                      |   | $          | 972    |   |                          | $      | — |   |   | $ | — |   |   | $ | 972 |   |
| December 31, 2020                   |   |       |   |   |                          |   |   |   |   |   |   |   |   |   |   |   |
| Nonrecurring assets                 |   |       |   |   |                          |   |   |   |   |   |   |   |   |   |   |   |
| Impaired loans                      |   | $          | 1,673  |   |                          | $      | — |   |   | $ | — |   |   | $ | 1,673 |   |

----

Index

| ($ in thousands)  |   | Fair Value |   | ValuationTechnique |             | UnobservableInput |                         | Range(Weighted Average) |   |
|-------------------|--------|------------|--------|--------------------|------------------|-------------------|------------------------------|-------------------------|--------|
| December 31, 2021 |   |       |   |               |             |              |                         |                    |   |
| Impaired loans    |   | $          | 972    |               | Marketcomparable |              | Adjustment toappraisal value |                    |   | 0.50 | % |
| ​           |   |       |   |               |             |              |                         |                    |   |   |   |
| December 31, 2020 |   |       |   |               |             |              |                         |                    |   |   |   |
| Impaired loans    |   | $          | 1,673  |               | Marketcomparable |              | Adjustment toappraisal value |                    |   | 0.73 | % |
| ​                        |   | For the Years Ended December 31, |   |
|--------------------------------|--------|----------------------------------|--------|
| ($ in thousands)               |   | 2021                             |   |   | 2020 |   |
| Current tax expense            |   |                             |   |   |   |   |
| Federal                        |   | $                                | 9,589  |   |   | $ | 3,385 |   |
| State                          |   |                             | 2,471  |   |   |   | 869 |   |
| Deferred tax expense (benefit) |   |                             |   |   |   |   |   |   |
| Federal                        |   |                             | (1,156 | ) |   |   | (252 | ) |
| State                          |   |                             | (215   | ) |   |   | (60 | ) |
| Income tax expense             |   | $                                | 10,689 |   |   | $ | 3,942 |   |
| ​                        |   | December 31, |    |
|--------------------------------|--------|--------------|---------|
| ($ in thousands)               |   | 2021         |    |   | 2020 |   |
| Deferred tax assets            |   |         |    |   |   |   |
| Reserve for loan loss          |   | $            | 1,630   |   |   | $ | 872 |   |
| Accrued bonuses                |   |         | 72      |   |   |   | 11 |   |
| Nonqualified stock options     |   |         | 156     |   |   |   | 32 |   |
| Other                          |   |         | 250     |   |   |   | 15 |   |
| Total deferred tax assets      |   |         | 2,108   |   |   |   | 930 |   |
| Deferred tax liabilities       |   |         |    |   |   |   |   |   |
| Stock compensation             |   |         | — |   |   |   | (291 | ) |
| Intangibles                    |   |         | (3      | ) |   |   | (2 | ) |
| Net book value of fixed assets |   |         | (217    | ) |   |   | (185 | ) |
| Other                          |   |         | (65     | ) |   |   | — |   |
| Total deferred tax liabilities |   |         | (285    | ) |   |   | (478 | ) |
| Net deferred tax asset         |   | $            | 1,823   |   |   | $ | 452 |   |

----

Index

| ​                                       |   | For the Years Ended December 31, |   |
|-----------------------------------------------|--------|----------------------------------|--------|
| ($ in thousands)                              |   | 2021                             |   |   | 2020 |   |
| Federal income tax expense at statutory rates |   | $                                | 8,877  |   |   | $ | 3,171 |   |
| Effect of permanent differences               |   |                             | 50     |   |   |   | 67 |   |
| State income tax expense, net                 |   |                             | 1,662  |   |   |   | 603 |   |
| Other                                         |   |                             | 100    |   |   |   | 101 |   |
| Income tax expense                            |   | $                                | 10,689 |   |   | $ | 3,942 |   |

----

Index

| ​                                                  |   | For the Years Ended December 31, |      |
|----------------------------------------------------------|--------|----------------------------------|-----------|
| ​                                                  |   | 2021                             |      |   | 2020 |   |
| Numerator:                                               |   |                             |      |   |   |   |
| Net income                                               |   | $                                | 31,583    |   |   | $ | 11,198 |   |
| Amount allocated to participating common shareholders(1) |   |                             | (1,780    | ) |   |   | (837 | ) |
| Net income allocate to common shareholders               |   | $                                | 29,803    |   |   | $ | 10,361 |   |
| Denominator:                                             |   |                             |      |   |   |   |   |   |
| Weighted average shares outstanding, basic               |   |                             | 8,669,724 |   |   |   | 8,025,390 |   |
| Weighted average effect of dilutive securities:          |   |                             |      |   |   |   |   |   |
| Stock options                                            |   |                             | 371,240   |   |   |   | 44,244 |   |
| Warrants                                                 |   |                             | 67,199    |   |   |   | — |   |
| Weighted average shares outstanding, diluted             |   |                             | 9,108,163 |   |   |   | 8,069,634 |   |
| Earnings per share, basic                                |   | $                                | 3.44      |   |   | $​1.29 |   |
| Earnings per share, diluted                              |   | $                                | 3.27      |   |   | $​1.28 |   |
| ​                              |   | For the Years Ended December 31, |   |
|--------------------------------------|--------|----------------------------------|--------|
| ($ in thousands)                     |   | 2021                             |   |   | 2020 |   |
| Interest income                      |   |                             |   |   |   |   |
| Interest income, not-in-scope        |   |                             |   |   |   |   |
| Interest and fees on loans           |   | $                                | 49,135 |   |   | $ | 29,271 |   |
| Interest on securities               |   |                             | 47     |   |   |   | 34 |   |
| Other interest income                |   |                             | 61     |   |   |   | 201 |   |
| Total interest income                |   | $                                | 49,243 |   |   | $ | 29,506 |   |
| Non-interest income                  |   |                             |   |   |   |   |   |   |
| Non-interest income, in-scope        |   |                             |   |   |   |   |   |   |
| Service charges on deposit accounts  |   | $                                | 31     |   |   | $ | 35 |   |
| Strategic Program set up fees        |   |                             | 96     |   |   |   | 148 |   |
| Non-interest income, not in-scope    |   |                             |   |   |   |   |   |   |
| Strategic Program fees               |   |                             | 17,119 |   |   |   | 8,992 |   |
| Gain on sale of loans                |   |                             | 9,689  |   |   |   | 2,849 |   |
| SBA loan servicing fees              |   |                             | 1,156  |   |   |   | 1,028 |   |
| Unrealized gain on investment in BFG |   |                             | 2,991  |   |   |   | 856 |   |
| Other miscellaneous income           |   |                             | 18     |   |   |   | 14 |   |
| Strategic Program service charges    |   |                             | 744    |   |   |   | 451 |   |
| Total non-interest income            |   | $                                | 31,844 |   |   | $ | 14,373 |   |

----

Index

| ​                                                   |   | December 31, |    |
|-----------------------------------------------------------|--------|--------------|---------|
| ($ in thousands)                                          |   | 2021         |    |   | 2020 |   |
| ASSETS                                                    |   |         |    |   |   |   |
| Cash and cash equivalents                                 |   | $            | 38,697  |   |   | $ | 2,217 |   |
| Investment in subsidiary bank                             |   |         | 71,186  |   |   |   | 40,717 |   |
| Investment in Business Funding Group (BFG), at fair value |   |         | 5,900   |   |   |   | 3,770 |   |
| Investment in FinWise Investments, LLC                    |   |         | 80      |   |   |   | — |   |
| Deferred taxes, net                                       |   |         | 82      |   |   |   | — |   |
| Other assets                                              |   |         | 322     |   |   |   | 105 |   |
| Total assets                                              |   | $            | 116,267 |   |   | $ | 46,809 |   |
| LIABILITIES AND SHAREHOLDERS' EQUITY                      |   |         |    |   |   |   |   |   |
| Deferred taxes, net                                       |   | $            | — |   |   | $ | 46 |   |
| Income taxes payable                                      |   |         | 233     |   |   |   | 11 |   |
| Other liabilities                                         |   |         | 592     |   |   |   | 880 |   |
| Shareholders' equity                                      |   |         | 115,442 |   |   |   | 45,872 |   |
| Total liabilities and shareholders' equity                |   | $            | 116,267 |   |   | $ | 46,809 |   |

----

Index

| ​                                        |   | For the Years Ended December 31, |    |
|------------------------------------------------|--------|----------------------------------|---------|
| ($ in thousands)                               |   | 2021                             |    |   | 2020 |   |
| Non-interest income                            |   |                             |    |   |   |   |
| Change in fair value on investment in BFG      |   | $                                | 2,991   |   |   | $ | 856 |   |
| Equity in undistributed earnings of subsidiary |   |                             | 30,469  |   |   |   | 11,390 |   |
| Total non-interest income                      |   |                             | 33,460  |   |   |   | 12,246 |   |
| Non-interest expense                           |   |                             |    |   |   |   |   |   |
| Salaries and employee benefits                 |   |                             | 742     |   |   |   | 572 |   |
| Loss on investment in BFG                      |   |                             | — |   |   |   | 50 |   |
| Other operating expenses                       |   |                             | 680     |   |   |   | 485 |   |
| Total non-interest expense                     |   |                             | 1,422   |   |   |   | 1,107 |   |
| Income before income tax expense               |   |                             | 32,038  |   |   |   | 11,139 |   |
| Provision for income taxes                     |   |                             | 455     |   |   |   | (59 | ) |
| Net income                                     |   | $                                | 31,583  |   |   | $ | 11,198 |   |
| ​                                                              |   | For the Years Ended December 31, |    |
|----------------------------------------------------------------------|--------|----------------------------------|---------|
| ($ in thousands)                                                     |   | 2021                             |    |   | 2020 |   |
| Cash flows from operating activities:                                |   |                             |    |   |   |   |
| Net income                                                           |   | $                                | 31,583  |   |   | $ | 11,198 |   |
| Adjustments to reconcile net income to net cash from                 |   |                             |    |   |   |   |   |   |
| operating activities                                                 |   |                             |    |   |   |   |   |   |
| Change in fair value of BFG                                          |   |                             | (2,991  | ) |   |   | (856 | ) |
| Loss on investment in BFG                                            |   |                             | — |   |   |   | 50 |   |
| Stock-based compensation expense                                     |   |                             | 2,100   |   |   |   | 1,756 |   |
| Deferred income tax expense                                          |   |                             | 222     |   |   |   | (56 | ) |
| Net changes in:                                                      |   |                             |    |   |   |   |   |   |
| Income tax receivable                                                |   |                             | (128    | ) |   |   | 46 |   |
| Other assets                                                         |   |                             | (217    | ) |   |   | (74 | ) |
| Other liabilities                                                    |   |                             | (288    | ) |   |   | 866 |   |
| Net cash provided by operating activities                            |   |                             | 30,281  |   |   |   | 12,930 |   |
| Cash flows from investing activities:                                |   |                             |    |   |   |   |   |   |
| Investment in subsidiary bank                                        |   |                             | (30,469 | ) |   |   | (11,390 | ) |
| Investment in FinWise Investments, LLC                               |   |                             | (80     | ) |   |   | — |   |
| Distributions of BFG                                                 |   |                             | 861     |   |   |   | 545 |   |
| Net cash used in investing activities                                |   |                             | (29,688 | ) |   |   | (10,845 | ) |
| Cash flows from financing activities:                                |   |                             |    |   |   |   |   |   |
| Proceeds from exercise of stock options                              |   |                             | 311     |   |   |   | 82 |   |
| Proceeds from initial public offering, net                           |   |                             | 35,576  |   |   |   | — |   |
| Repurchase of restricted stock to pay for employee withholding taxes |   |                             | — |   |   |   | (268 | ) |
| Repurchase of common stock                                           |   |                             | — |   |   |   | (41 | ) |
| Net cash used in financing activities                                |   |                             | 35,887  |   |   |   | (227 | ) |
| Net change in cash and cash equivalents                              |   |                             | 36,480  |   |   |   | 1,858 |   |
| Cash and cash equivalents, beginning of year                         |   |                             | 2,217   |   |   |   | 359 |   |
| Cash and cash equivalents, end of year                               |   | $                                | 38,697  |   |   | $ | 2,217 |   |
| Non-cash financing and investing activities:                         |   |                             |    |   |   |   |   |   |
| Issuance of common stock for investment in BFG                       |   | $                                | — |   |   | $ | — |   |
| Issuance of common stock in lieu of cash bonus                       |   | $                                | — |   |   | $ | — |   |

----

Index

| Item 9. | Changes in and Disagreements with Accountants on Accounting and Financial Disclosures |
|---------|---------------------------------------------------------------------------------------|
| Item 9A. | Controls and Procedures |
|----------|-------------------------|
| Item 9B. | Other Information |
|----------|-------------------|
| Item 9C. | Disclosure Regarding Foreign Jurisdictions that Prevent Inspections |
|----------|---------------------------------------------------------------------|
| Item 10. | Directors, Executive Officers and Corporate Governance |
|----------|--------------------------------------------------------|
| Item 11. | Executive Compensation |
|----------|------------------------|

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Index

| Item 12. | Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters |
|----------|------------------------------------------------------------------------------------------------|
| Item 13. | Certain Relationships and Related Transactions, and Director Independence |
|----------|---------------------------------------------------------------------------|
| Item 14. | Principal Accountant Fees and Services |
|----------|----------------------------------------|

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Index

| Item 15. | Exhibits and Financial Statement Schedules |
|----------|--------------------------------------------|

|                                                                   | Page |
|------------------------------------------------------------------------|------|
| Report of Independent Registered Public Accounting Firm (PCAOB ID 173) | 77   |
| Consolidated Balance Sheet                                             | 78   |
| Consolidated Statements of Income                                      | 79   |
| Consolidated Statements of Changes in Shareholders’ Equity       | 80   |
| Consolidated Statements of Cash Flows                                  | 81   |
| Notes to Consolidated Financial Statements                             | 82   |

| Number |   | Description                                                                                                                                                                                                                                                                                                |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |   |
| 3.1    |   | Fourth Amended and Restated Articles of Incorporation (incorporated by reference to Exhibit 3.1 of the                    Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 30, 2021 (File No. 333-257929)).                                 |
| 3.2    |   | Amended and Restated Bylaws (incorporated by reference to Exhibit 3.2 of the Registrant’s Registration                    Statement on Form S-1 filed with the Securities and Exchange Commission on July 30, 2021 (File No. 333-257929)).                                                           |
| 4.1    |   | Specimen common stock certificate (incorporated by reference to Exhibit 4.1 of the Registrant’s                    Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).                                                     |
| 4.2    |   | Form of Warrant to BFG Members to Purchase Common Stock of FinWise Bancorp (incorporated by reference to                    Exhibit 4.2 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).            |
| 10.1   |   | FinWise Bancorp 2019 Stock Option Plan (incorporated by reference to Exhibit 10.1 of the Registrant’s                    Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 30, 2021 (File No. 333-257929)).                                               |
| 10.2   |   | Form of Stock Option Agreement under the FinWise Bancorp 2019 Stock Option Plan (incorporated by                    reference to Exhibit 10.2 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).      |
| 10.3   |   | FinWise Bancorp 2016 Stock Option Plan (incorporated by reference to Exhibit 10.3 of the Registrant’s                    Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 30, 2021 (File No. 333-257929)).                                               |
| 10.4   |   | Form of Stock Option Agreement under the FinWise Bancorp 2016 Stock Option Plan (incorporated by                    reference to Exhibit 10.4 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)). |
| 10.5   |   | Form of Restricted Stock Award Agreement (incorporated by reference to Exhibit 10.5 of the Registrant’s                    Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).                                             |

| 10.6 |   | Non-qualified Stock Option Agreement with                      Javvis Jacobson (incorporated by reference to Exhibit 4.6 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File No. 333-262531)). |
|------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.7 |   | Non-qualified                      Stock Option Agreement with Jim Noone (incorporated by reference to Exhibit 4.7 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File No. 333-262531)).       |

----

Index

| 10.8  |   | Non-qualified                      Stock Option Agreement with Kent Landvatter (incorporated by reference to Exhibit 4.8 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File No. 333-262531)).                                         |
|-------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.9  |   | Non-qualified                      Stock Option Agreement with Fred Healey for 2020 service (incorporated by reference to Exhibit 4.9 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File No.                      333-262531)).       |
| 10.10 |   | Non-qualified                      Stock Option Agreement with Fred Healey for 2021 service (incorporated by reference to Exhibit 4.10 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File No.                      333-262531)).      |
| 10.11 |   | Non-qualified                      Stock Option Agreement with Howard Reynolds for 2020 service (incorporated by reference to Exhibit 4.11 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File                      No. 333-262531)).  |
| 10.12 |   | Non-qualified                      Stock Option Agreement with Howard Reynolds for 2021 service (incorporated by reference to Exhibit 4.12 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File                      No. 333-262531)).  |
| 10.13 |   | Non-qualified                      Stock Option Agreement with Jerry Cunningham for 2020 service (incorporated by reference to Exhibit 4.13 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022                      (File No. 333-262531)). |
| 10.14 |   | Non-qualified                      Stock Option Agreement with Jerry Cunningham for 2021 service (incorporated by reference to Exhibit 4.14 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022                      (File No. 333-262531)). |
| 10.15 |   | Non-qualified                      Stock Option Agreement with Tom Gibson for 2020 service (incorporated by reference to Exhibit 4.15 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File No.                      333-262531)).       |
| 10.16 |   | Non-qualified                      Stock Option Agreement with Tom Gibson for 2021 service (incorporated by reference to Exhibit 4.16 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File No.                      333-262531)).       |
| 10.17 |   | Non-qualified                      Stock Option Agreement with Jim Giordano for 2020 service (incorporated by reference to Exhibit 4.17 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File                      No. 333-262531)).     |
| 10.18 |   | Non-qualified                      Stock Option Agreement with Jim Giordano for 2021 service (incorporated by reference to Exhibit 4.18 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File                      No. 333-262531)).     |
| 10.19 |   | Non-qualified                      Stock Option Agreement with Jeana Hutchings for 2020 service (incorporated by reference to Exhibit 4.19 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File                      No. 333-262531)).  |
| 10.20 |   | Non-qualified                      Stock Option Agreement with Jeana Hutchings for 2021 service (incorporated by reference to Exhibit 4.20 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File                      No. 333-262531)).  |
| 10.21 |   | Non-qualified                      Stock Option Agreement with Lisa Chapman for 2020 service (incorporated by reference to Exhibit 4.21 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File                      No. 333-262531)).     |
| 10.22 |   | Non-qualified                      Stock Option Agreement with Lisa Chapman for 2021 service (incorporated by reference to Exhibit 4.22 of the Registrant’s Registration Statement on Form S-8 filed with the Securities and Exchange Commission on February 4, 2022 (File                      No. 333-262531)).     |

----

Index

| 10.23 |   | Employment Agreement dated January 1, 2018, by and among FinWise Bancorp, FinWise Bank and David Tilis                      (incorporated by reference to Exhibit 10.6 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).                                        |
|-------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.24 |   | Standstill Agreement dated January 19, 2016, by and between FinWise Bancorp and Business Funding Group (incorporated                      by reference to Exhibit 10.7 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).                                   |
| 10.25 |   | Right of First Refusal and Option Agreement dated March 31, 2020, by and among FinWise Bancorp and the                      members of Business Funding Group (incorporated by reference to Exhibit 10.8 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)). |

| 10.26 |   | Membership Interest Purchase Agreement dated December 31, 2019 by and among FinWise Bancorp, Business                    Funding Group and certain members of Business Funding Group (incorporated by reference to Exhibit 10.9 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021                    (File No. 333-257929)). |
|-------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 10.27 |   | Sublease dated December 7, 2018, between Motorola Solutions, Inc. and FinWise Bancorp (incorporated                    by reference to Exhibit 10.10 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).                                                                                               |
| 10.28 |   | Lease dated January 27, 1999, between FPA Sandy Mall Associates, LLC and FinWise Bancorp (incorporated                    by reference to Exhibit 10.11 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).                                                                                            |
| 10.29 |   | First Amendment to Lease dated June 3, 2009, between FPA Sandy Mall Associates, LLC and FinWise Bancorp (incorporated                    by reference to Exhibit 10.12 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).                                                                             |
| 10.30 |   | Second Amendment to Lease dated April 25, 2014, between FPA Sandy Mall Associates, LLC and FinWise                    Bancorp (incorporated by reference to Exhibit 10.13 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).                                                                          |
| 10.31 |   | Lease dated December 2017, between North Village Centre, Inc. and FinWise Bancorp (incorporated                    by reference to Exhibit 10.14 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).                                                                                                   |
| 10.32 |   | Lease dated July 30, 2021, between Mountain View Business Center, LLC and FinWise Bancorp (incorporated                    by reference to Exhibit 10.15 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on August 4, 2021 (File No. 333-257929)).                                                                                               |
| 10.33 |   | Consulting Agreement, dated October 15, 2021 by and between James N. Giordano and FinWise Bancorp                    (incorporated by reference to Exhibit 10.16 of the Registrant’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on November 1, 2021 (File No. 333-257929)).                                                                                     |
| 10.34 |   | Amendment to                      Employment Agreement, dated March 14, 2022, by and between David Tilis and FinWise Bancorp                                                                                                                                                                                                                                                                                    |
| 21.1  |   | Subsidiaries of FinWise Bancorp (incorporated by reference to Exhibit 21.1 of the Registrant’s                    Registration Statement on Form S-1 filed with the Securities and Exchange Commission on July 15, 2021 (File No. 333-257929)).                                                                                                                                                           |
| 23.1  |   | Consent of Moss Adams LLP                                                                                                                                                                                                                                                                                                                                                                                       |
| 31.1  |   | Rule 13a-14(a) Certification of the Principal Executive Officer.                                                                                                                                                                                                                                                                                                                                                |
| 31.2  |   | Rule 13a-14(a) Certification of the Principal Financial Officer.                                                                                                                                                                                                                                                                                                                                                |
| 32.1  |   | Section 1350 Certification of Chief Executive Officer and Chief Financial Officer.                                                                                                                                                                                                                                                                                                                              |

----

Index

|   |           | FINWISE BANCORP |
|--------|----------------|-----------------|
|   |           |            |   |
| Date:  | March 30, 2022 | By:             | /s/ Kent Landvatter |
|   |           |            | Kent Landvatter |
|   |           |            | President and Chief Executive Officer |
| Signature |   | Title                      | Date   |
|-----------|--------|----------------------------|--------|
|      |   |                       |   |
| By:       |        | /s/ Kent Landvatter        |        | President, Chief Executive Officer and Director(Principal Executive Officer) | March 30, 2022 |
|      |   | Kent Landvatter            |   |   |
|      |   |                       |   |   |
| By:       |   | /s/ Javvis Jacobson        |   | Executive Vice President and Chief Financial Officer(Principal Financial and Accounting Officer) | March 30, 2022 |
|      |   | Javvis Jacobson            |   |   |
|      |   |                       |   |   |
| By:       |   | /s/ Russell F. Healey, Jr. |   | Chairman of the Board | March 30, 2022 |
|      |   | Russell F. Healey, Jr.     |   |   |   |
|      |   |                       |   |   |   |
| By:       |   | /s/ Howard I. Reynolds     |   | Vice Chairman of the Board | March 30, 2022 |
|      |   | Howard I. Reynolds         |   |   |   |
|      |   |                       |   |   |
| By:       |   | /s/ James N. Giordano      |   | Director | March 30, 2022 |
|      |   | James N. Giordano          |   |   |   |
|      |   |                       |   |   |
| By:       |   | /s/ Thomas E. Gibson, Jr.  |   | Director | March 30, 2022 |
|      |   | Thomas E. Gibson, Jr.      |   |   |   |
|      |   |                       |   |   |
| By:       |   | /s/ Lisa Ann Nievaard      |   | Director | March 30, 2022 |
|      |   | Lisa Ann Nievaard          |   |   |   |
|      |   |                       |   |   |
| By:       |   | /s/ Jeana Hutchings        |   | Director | March 30, 2022 |
|      |   | Jeana Hutchings            |   |   |   |
|      |   |                       |   |   |   |
| By:       |   | /s/ Gerald E. Cunningham   |   | Director | March 30, 2022 |
|      |   | Gerald E. Cunningham       |   |   |   |

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